SSC Economics Sample Paper

done NCERT Sample Paper-3 [Download Complete Paper]

  • question_answer1)

    Consider the following:
    1. In a closed economy no distinction is to be made between Gross National Product and Gross Domestic Product.
    2. In an economy open to foreign trade. Gross National Product may be greater or less than Gross Domestic Product depending upon the net inflow or outflow of income. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer2)

    What are the limitations of GNP as a measure of welfare?
    1. Quality of life is not determined by it
    2. Gender disparities are not indicated
    3. If doesn't matter how the increase in wealth takes place whether by civilian demand or war.
    Choose the correct one:

    A) Only 1

    B) Only 2

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer3)

    Under the output approach for the measurement of GDP, which of the following would be counted?
    1. Value of final goods services
    2. Investment
    3. Net exports
    Choose the correct one:

    A) Only 1

    B) Only 2 and 3

    C) Only 1 and 3

    D) Only 1 and 2

    View Answer play_arrow
  • question_answer4)

    The term used interchangeably for the 'inclusive growth' 'is:
    1. Shared growth
    2. Broad based growth
    3. Pro-poor growth
    Choose the correct one:

    A) Only 1

    B) Only 1 and 3

    C) Only 2

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer5)

    What do you understand by the GDP deflator?
    1. It is a comprehensive measure of inflation, implicitly derived from national accounts data as a ratio of GDP at constant prices to current prices.
    2. It is a comprehensive measure of inflation, implicitly derived from national accounts data as a ratio of GDP at current prices to constant prices.
    Which of the above explanations are correct?

    A) 1 only

    B) 2 only

    C) Both are correct

    D) both are wrong

    View Answer play_arrow
  • question_answer6) The largest source of National Income in India is

    A) Service Sector

    B) Agricultural Sector

    C) Industrial Sector

    D) Trade Sector

    View Answer play_arrow
  • question_answer7)

    Consider the following statements:
    1. Dadabhai Naoroji was the first Indian to estimate the national income of the country.
    2. National Income Committee established in India after getting Independence was headed by Professor VKRV Rao. Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer8) In which five year plan John W. Miller model was used?

    A) Third

    B) Fifth

    C) Seventh

    D) Eighth

    View Answer play_arrow
  • question_answer9)

    The main objectives of the First Five Year Plan were:
    1. To solve the food crisis and to improve the availability position of raw materials especially of Jute & Cotton.
    2. To constitute administrative and organizational set up necessary for enforcing the development programmes. Choose the correct one:

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer10)

    What do you understand by Rolling plan:
    1. It is totally opposite to the fixed plan.
    2. It is suggested by Gunnar Myrdal.
    Choose the correct one:

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer11)

    In seventh five year plan which of the following were emphasized?
    1. Self-sufficiency in food
    2. Decentralisation of planning
    3. Reduction in income disparities
    Select the correct answer using the codes given below:

    A) 1 only

    B) 2 only

    C) 2 and 3 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer12) Indian planning is based on the principles of democratic- socialism. The essential features of democratic-socialism are listed below. Which one of these is wrong?

    A) It aims at the reduction of inequalities of income and wealth

    B) It emphasises the growth of public sector to supplant the private sector

    C) It endeavors to check the concentration of economic power and the growth of monopolistic tendencies.

    D) It aims at the provision of equal opportunities to all

    View Answer play_arrow
  • question_answer13) India had a plan holiday:

    A) After the China-India War of 1962

    B) After the drought of 1966

    C) After the liberation of Bangladesh in 1971

    D) After the India-Pakistan War inl965

    View Answer play_arrow
  • question_answer14) Under which section of Income Tax Act, "the insured person can claim for tax deduction for the amount invested in insurance?

    A) Section 80 D

    B) Section 81 D

    C) Section 83 D

    D) Section 79 D

    View Answer play_arrow
  • question_answer15)

    Consolidated Fund of India includes:
    1. All government revenues
    2. Loans raised
    3. Recovery of loans granted
    Choose the correct one:

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer16)

    Consider the following:
    1. Primary deficit = Fiscal deficit - Interest Payments.
    2. The Primary deficit shows the extent to which government is borrowing even if there is no interest is to be paid. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer17) Consider the following statements about 14th Finance Commission: 1. The 14th Finance Commission is of the view that tax devolution should be the primary route for transfer of resources to the States. 2. The Commission has significantly departed from previous commission vis-a-vis recommendation of the principles governing grants-in-aid to the States by the Centre. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer18)

    Deficit financing is the phrase used to:
    1. Describe the financing of gap between government receipts and expenditure.
    2. It is financed by printing fresh money by the RBI. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer19) Which of the following is non-tax revenue of Central government?

    A) Currency, Coinage and Mint

    B) Interest receipts

    C) Dividends earned

    D) All of the above

    View Answer play_arrow
  • question_answer20) Which of the following is made compulsory by the Income Tax Department for filing returns recently?

    A) Tax Exemption Number

    B) Document Identification Number

    C) Permanent Account Number

    D) Tax Deduction and Collection Account Number

    View Answer play_arrow
  • question_answer21)

    Which of the following statements is/are true for the Income Tax in India?
    I. It is a progressive tax
    II. It is a direct tax
    III. It is collected by the State Governments
    IV. It is a proportional tax
    Codes:

    A) Only I is correct

    B) I and II are correct

    C) I, II and III are correct

    D) II, III and IV are correct

    View Answer play_arrow
  • question_answer22)

    The sum of which of the following constitutes Broad Money in India?
    A. currency with the public
    B. demand deposits with banks
    C. time deposits with banks
    D. other deposits with RBI
    Codes:

    A) A and B

    B) A, B and C

    C) A, B, C and D

    D) A, B and D

    View Answer play_arrow
  • question_answer23)

    Since Independence, both plan and non-plan expenditure have increased, the increase in non-plan expenditure is little more than the former. Which one of the following expenditure causes the increase in non-plan- expenditure and select the correct answer using the codes
    1. Interest payment
    2. Subsidy
    3. Irrigation
    Codes:

    A) 1, 2 and 3

    B) 1 and 2

    C) 1 and 3

    D) Only 2

    View Answer play_arrow
  • question_answer24) Percentage of working population in the total population is called-

    A) Labour force

    B) Work force

    C) Work participation rate

    D) None of these

    View Answer play_arrow
  • question_answer25) Which of the following statement/s is/are correct?

    A) Improvement in female literacy rate has been better as compared to male literacy rate during 2001-11

    B) Difference between male literacy rate and female literacy rate has narrowed down during 2001-11

    C) Both

    D) None

    View Answer play_arrow
  • question_answer26) Which of the following is incorrect about population trends in India?

    A) During 1991-2011, decline in birth rate has been sharper as compared to decline in death rate.

    B) Infant mortality rate during the past thirty years has more than halved

    C) Total fertility rate has declined from 3.6 in 1991 to 2.4 in 2011

    D) None of these

    View Answer play_arrow
  • question_answer27)

    Consider the following statements
    1. The National Population Register (NPR) is a Register of all permanent residents of India.
    2. It is being prepared under provisions of the Citizenship Act 1955 and the Citizenship Rules,
    2003.
    3. Registering in NPR is mandatory.
    Select the correct answer using the codes given below:

    A) 1 and 2 only

    B) 2 and 3 only

    C) 1 and 3 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer28)

    Which of the following statements are correct about dependency ratio?
    1. The total dependency ratio is the ratio of the sum of the population aged 0-14 and that aged 65+ to the population aged 15-64.
    2. The child dependency ratio is the ratio of the population aged 0-14 to the population aged 15-64.
    3. The old-age dependency ratio is the ratio of the population aged 65 years or over to the population aged 15-64.

    A) Only 1

    B) Only 2 and 3

    C) 1, 2 and 3

    D) none of them

    View Answer play_arrow
  • question_answer29) Which of the following criteria is taken account to define the urban area in India?

    A) A minimum population of 5000

    B) At least three-fourth of the male working population should be in non-agricultural sector

    C) Density of the population should be at least 400 persons per square kilo meter

    D) All the criteria given above in 'a', 'b', and 'c' are taken account to define the urban area

    View Answer play_arrow
  • question_answer30) Which of the following is incorrect about Banking Ombudsman Scheme?

    A) The scheme was started by the RBI in 1995

    B) The objective of the scheme is redressal of complaints of bank customers against the banks

    C) The ombudsman cannot award penalty on the banks

    D) None of these

    View Answer play_arrow
  • question_answer31)

    Consider the following statement:
    1. Liquidity Adjustment Facility (LAF) was introduced by RBI in 2000.
    2. RBI has the discretion to change the spread between the repo rate and the reverse repo rate as when appropriate. Which of these statement is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer32)

    Which among the following is/are the quantitative measures of credit control of RBI?
    1. Bank rate
    2. CRR
    3. Open market operation
    Choose the correct one:

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer33)

    Consider the following:
    1. Service area approach-was adopted under the purview of lead bank scheme.
    2. These banks are responsible for overall development in urban and Semi-urban and rural areas. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer34) M.S. Verma Committee is related with?

    A) Restructuring of weak banks

    B) Strengthening rural banks,

    C) Microfinance

    D) None of the above

    View Answer play_arrow
  • question_answer35)

    With reference to the Non-banking Financial Companies (NBFC's) in India, consider the following statements:
    1. They cannot engage in the acquisition of securities issued by the government.
    2. They cannot accept demand deposits like Savings Account. Which of the statements given above is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) Neither I nor 2

    View Answer play_arrow
  • question_answer36)

    Consider the following statement about Bharatiya Mahila Bank (BMB), the first all women Bank in India:
    1. BMB was included in the second schedule of RBI Act 1934, hence it is eligible for loans from RBI and membership of clearing houses.
    2. As of now there are 85 branches across the country.
    3. It was stared with the capital of 1000 crores and provides loans to the girl child at a concessional rate, which is 0.5% lower than the normal rates.
    4. BMB Nahi Kali is the recurring deposit scheme for the girl child.
    Which of the above statements is/are correct?

    A) 1, 2 and 4 only

    B) 2 and 3 only

    C) 2 and 4 only

    D) None of the above

    View Answer play_arrow
  • question_answer37) Which pair is not correct?

    A) EXIM BANK - Financing for export ? Import

    B) RBI-Banker's Bank

    C) IDBI - Industrial finance

    D) FCI - Financial assistance to commercial institution

    View Answer play_arrow
  • question_answer38)

    The Reserve Bank of India
    1. Was set up on the basis of the recommendations of the Hilton Young Commission.
    2. Began its operations by taking over from the Government the functions so far being performed by the Controller of Currency and from the Imperial Bank of India, the management of Government accounts and public debt.
    3. Served as the central bank of Pakistan up to June 1956 when the State Bank of Pakistan commenced operations.
    4. The Bank, which was originally set up as a shareholder's bank, was nationalised in 1956. Which of the above statements about the Reserve Bank of India are correct?

    A) 1, 2 and 4

    B) 1 and 2

    C) 1, 2, 3 and 4

    D) 1 and 3

    View Answer play_arrow
  • question_answer39)

    Which of the following pairs of India's public sector banks and their headquarters are correctly matched?
    I. Punjab National Bank - New Delhi
    II. Allahabad bank - Kolkata
    III. Bank of India - Mumbai
    IV. Corporation Bank-Bangalore

    A) I only

    B) I and II only

    C) II, III and IV only

    D) I, II and III

    View Answer play_arrow
  • question_answer40) Which of the following is allowed to invest in all the securities traded on the primary and secondary markets?

    A) Pension Funds

    B) Mutual Funds

    C) Asset Management Companies

    D) All of the above

    View Answer play_arrow
  • question_answer41)

    Which of the following does not come under the functions of the stock exchanges in India?
    1. Keeping 1 % of the issued capital of the listed companies at the exchange as security, on behalf of the SEBI.
    2. Providing liquidity to the stocks and catering different information services to the stakeholders in the security market of India.

    A) Codes: Only 1

    B) Only 2

    C) 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer42) Tarapore committee submitted its report on 'Full Convertibility on Rupee in

    A) Current account

    B) Capital account

    C) Both 'a' and 'b'

    D) Special Drawing Rights (SDR)

    View Answer play_arrow
  • question_answer43) What is 'NIKKEI'?

    A) Share Price Index of Tokyo Share Market

    B) Name of Japanese Central Bank

    C) Japanese name of country's planning commission

    D) Foreign exchange market of Japan

    View Answer play_arrow
  • question_answer44)

    Consider the following statements
    1. Indian Depository Receipt is an instrument denominated in Indian Rupees in the form of a depository receipt created by' the custodian of securities registered with the Securities and Exchange Board of India against the underlying equity of issuing company.
    2. Standard Chartered PLC became the first global company to file for an issue of Indian depository receipts in India. Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer45)

    Consider the following statements about Mutual Funds in India.
    1. The first Indian mutual fund was set up in 1963
    2. In 1987, the Government of India permitted public sector banks to enter the mutual fund industry
    3. More than 50% of Indian households have invested in mutual funds. Which of the above is/are correct?

    A) 1 only

    B) 1 and 2

    C) 2 only

    D) 1 and 3

    View Answer play_arrow
  • question_answer46)

    The Bombay Stock Exchange launched the BSE TASIS Shariah 50 -a stock index that is compliant with Shariah. The Index cannot invest in shares of companies in which of the following sectors?
    I. Banking
    II. Cement & steel
    III. Alcohol & tobacco products

    A) I only

    B) I and II only

    C) III only

    D) I and III only

    View Answer play_arrow
  • question_answer47)

    Consider the following statements about MCX-SX (MCX Stock Exchange):
    1. Securities and Exchange Board of India (SEBI) in 2012, granted permission to MCX Stock Exchange (MCX-SX) to operate as full-fledged stock exchange
    2. SEBI has not allowed the exchange to operate in segments other than currency derivatives.
    3. MCX-SX would be able to offer additional asset classes such as equity and equity F and 0 (Futures and Options), interest rate futures and wholesale debt segments. Which of the statement(s) given above is/are correct?

    A) Only 1

    B) Only 3

    C) Both 2 and 3

    D) All of these

    View Answer play_arrow
  • question_answer48)

    Consider the following statements about FDI India.
    1. Mauritius has a share of about 29% in total FDI inflows in India.
    2. There are reports of treaty shopping by corporates of other countries
    3. There are also reports of round tripping through Mauritius. Which of the statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2, and 3

    View Answer play_arrow
  • question_answer49) Which of the following is an important scheme of export promotion?

    A) Duty Entitlement Pass-Book Scheme (DEPB)

    B) Export Promotion Capital Goods Scheme

    C) Duty Drawback Scheme

    D) All of these

    View Answer play_arrow
  • question_answer50)

    Features of Foreign Trade Policy released in April 2015 include:
    1. FTP would reduce export obligations by 25% and give boost to domestic manufacturing
    2. Branding campaigns planned to promote exports in sectors where India has traditional Strength.
    3. Reduced Export Obligation (EO) (75%) for domestic procurement under EPCG scheme.
    Which of these statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) all the three

    View Answer play_arrow
  • question_answer51)

    Consider the following regarding Export Promotion Councils:
    1. There are at present twenty one export promotion council.
    2. It is under the administrative control of department of finance. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer52)

    Consider the following statements:
    1. Food Security law may push India's Minimum Support Price (MSP) above WTO limits
    2. Agreement on Trade Facilitation will lead to a decrease in India's exports. Select the correct statements using the codes given below:

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer53) Which country first experimented with the monetary policy of quantitative easing?

    A) United Kingdom

    B) United States of America

    C) Japan

    D) Germany

    View Answer play_arrow
  • question_answer54)

    India's Balance of Payments (BoP) position improved dramatically in 2013-14. This owed in large part to the measures like
    1. Customs Duty hike in Gold
    2. Liberalization of External Commercial Borrowings
    3. FCNR Swaps by RBI
    4. Quasi-Sovereign Bonds.
    Select the correct answer using the codes given below:

    A) 1 and 2

    B) 1 and 3

    C) 1, 2, 3

    D) 1, 2, 3, 4

    View Answer play_arrow
  • question_answer55) Which of these is an incorrect statement?

    A) Reverse repo operation by RBI aims at injecting/increasing liquidity.

    B) SDR refers to Special Drawing Rights

    C) Rupee appreciation results in decrease in imports.

    D) Increase in inflation rate leads to decline in real interest rate.

    View Answer play_arrow
  • question_answer56)

    The disadvantage of FDI are
    1. Foreign investments are always risky because the political situation in some countries can change in an instant.
    2. From the foreign affiliates point of view, FDI is ill-advised because they lose their national identity.
    3. Investing in foreign countries is infinitely more expensive than exporting goods.
    Which of the disadvantage(s) given above is/are, correct?

    A) Only 1

    B) 1 and 2

    C) 2 and 3

    D) All of these

    View Answer play_arrow
  • question_answer57)

    Through which one of the following source(s), Indian companies are allowed to access funds from abroad?
    (1) External Commercial Borrowings (ECB) only
    (2) Foreign Currency Convertible Bonds (FCCBs) Foreign Currency Exchangeable Bonds only
    (3) Preference Shares only

    A) Only 1

    B) only 2

    C) All 1, 2 & 3

    D) only 1 & 3

    View Answer play_arrow
  • question_answer58)

    Which of the following is/are correct about Rashtriya Swasthya Bima Yojana (RSBY)?
    1. It is health insurance programme
    2. Both above the Poverty Line (APL) and Below the Poverty Line (BPL) families in the unorganized sectors are eligible under scheme.
    3. It is fully centrally sponsored scheme.
    Which of the above statements is/are correct?

    A) 1 only

    B) 2 and 3 only

    C) 3 only

    D) 1 and 2 only

    View Answer play_arrow
  • question_answer59)

    Which of the following is/are correct about National Urban Health Mission?
    1. It aimed to provide Primary Health Service to Urban poor
    2. It mainly targets slum dwellers
    3. It will cover all State capitals, district headquarters and cities/towns with a population of more than 1, 00,000
    Select the correct answer using the codes given below:

    A) 1 and 2 only

    B) 2 and 3 only

    C) 1 and 3 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer60) Which one of the following is the main objective of the Ujjawala Scheme launched for women and children in India?

    A) To prevent the trafficking, rescue, rehabilitation, reintegration, and repatriation of women and children.

    B) To assist women and children below 6-years to attain self-sufficiency in the health-care and nutrition

    C) To prevent women from becoming victims to maternal mortality and infant mortality in the society

    D) None of the above

    View Answer play_arrow
  • question_answer61)

    Consider the following statements:
    1. Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) aims at enhancing livelihood security of households in both rural and urban areas of the country.
    2. The primary objective of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is to augment wage employment.
    Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer62)

    Consider the following:
    1. NABARD is the nodal agency for implementing the scheme in respect of cooperative credit and RRBs.
    2. NABARD is the nodal agency for implementing the agriculture debt waiver and Debt Relief Scheme 2008 (ADDF). Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer63) Which of the following statement is incorrect?

    A) The Centrally sponsored National Mission on Micro Irrigation (NMMI) was launched in June 2010

    B) The scheme provides assistance at 90 per cent of the system cost for small and marginal farmers

    C) The scheme provides assistance at 50 per cent for general farmers.

    D) It will be used for both horticultural and agricultural crops

    View Answer play_arrow
  • question_answer64) Transgenic crop having largest area in world is:

    A) Wheat

    B) Rice

    C) Cotton

    D) Soybean

    View Answer play_arrow
  • question_answer65)

    The rural cooperative banking system has become defunct and not working at appreciable level. The causes include:
    1. Lack of professional management.
    2. Excessive political and bureaucratic interference.
    3. Absence of appropriate regulatory framework.
    Which of these statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer66)

    Consider the following:
    1. Rural Infrastructure development fund is managed by RBI.
    2. The fund was set up in 1995-96 for providing loans to state governments and state owned corporations. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer67)

    Government of India makes allocation of food grains under Targeted Public Distribution System (TPDS) for Below Poverty Line (BPL) families and Antyodaya Anna Yojana (AAY) families. What are all the other Welfare schemes which provide subsidised food grains?
    1. Mid Day Meal Scheme
    2. SABLA scheme
    3. Village Grain Banks Scheme
    4. Annapuma Scheme
    Select the correct answer using the codes given below:

    A) 1, 2 and 3 only

    B) 3 and 4 only

    C) 1 and 2 only

    D) 1, 2, 3 and 4

    View Answer play_arrow
  • question_answer68)

    Consider the following statements about the Biotechnology Regulatory Authority of India (BRAI) Bill, 2013
    1. Field trials for certain organisms cannot be conducted unless BRAI recognizes them as aiding the development of modem biotechnology.
    2. The Bill will also apply to the clinical trials of drugs, food or food additives. Which of the statement given above is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer69)

    Consider the following statements:
    1. National Fisheries Development Board is an autonomous organization under the control of Ministry of Agriculture at central level.
    2. Fishery Survey of India (FSI) is the nodal organization responsible for survey and assessment of fishery resources under the Indian Exclusive Economic Zone. Which of the statements given above is/are correct?

    A) Only 1

    B) Both 1 and 2

    C) Only 2

    D) None of these

    View Answer play_arrow
  • question_answer70)

    Which of the following statements is/are correct about the Warehousing Development and Regulatory Authority (WADA)?
    I. Farmers can avail of loans by using the receipts issued for storage of grains at government accredited warehouses
    II. This facility will help fanners avoid distress sales
    III. WADA will facilitate loan waivers for farmers in drought hit areas

    A) I and II only

    B) I only

    C) I and III only

    D) II and III only

    View Answer play_arrow
  • question_answer71)

    As a policy to boost the agricultural sector in the country, the Government of India has taken several special measures over the years. Which of the following cannot be considered a measure/measures which will have a direct impact(s) on the agricultural sector?
    Setting up of a National Food Processing Bank
    Opening irrigation, sanitation and water projects for development under public private participation
    Efforts to bring down fiscal deficit to 5.5 percent level of GDP.

    A) Only A

    B) Only B

    C) Only C

    D) Only A & B

    View Answer play_arrow
  • question_answer72)

    Read the statements carefully:
    1. The first apparel park in India has been established in Tirupur in Tamil Nadu.
    2. The clothing sector is an export intensive sub-sector and contributes about 40-50% to total textiles export. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer73)

    Major items produced by the small scale industrial sector includes:
    1. Processed food
    2. Leather and leather products
    3. Sports goods
    Which of these statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer74) Omkar Goswami Committee is related with:

    A) Committee on Industrial sickness and corporate restructuring

    B) Tax reform

    C) Disinvestment

    D) None of the above

    View Answer play_arrow
  • question_answer75)

    Which of the followings are not part of eight core industries in India?
    1. Electricity
    2. Cement
    3. Textile
    4. Natural Gas
    5. Fertilizer
    Select the correct answer using the codes given below:

    A) 1, 3 and 5 only

    B) 3 only

    C) 2 and 5 only

    D) 1, 2 and 4 only

    View Answer play_arrow
  • question_answer76)

    Consider the following statements
    1. Under the Panchayat Extension to Scheduled Areas Act, 1996 the prior recommendation of the Gram Sabha is required when a prospecting license or a mineral concession is granted.
    2. A holder of a coal or lignite mining lease will pay 26% of profits to the District Mineral Foundation. Which of the statement given above is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer77)

    Consider the following statements:
    1. In Indian economy, the employment generated by the private sector is more than that of the public sector.
    2. In Indian economy, the growth rate of public sector in the industrial areas like heavy and basic industries, machine goods sector etc. is more than that of the private sector. Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer78)

    Consider the following statements:
    1. Indian sugar Industry is suffering from cheap imports, which destabilize the domestic industry.
    2. The Indian sugar industry is suffering from outdated machinery and inefficiency.
    3. The crushing season of sugarcane in the southern India is of greater duration than Northern India. Which of the above statements are correct?

    A) 1, 2, 3

    B) 2, 3

    C) 1, 2

    D) 1, 3

    View Answer play_arrow
  • question_answer79)

    Consider the following statements regarding SME (small and medium enterprises) of India:
    1. SME contribute the majority of Industrial production of India.
    2. SME contribute towards majority exports of India.
    3. NSE (National stock exchange) has an SME index but BSE (Bombay stock exchange) doesn't have the same. Which of the above statement are correct?

    A) 1, 2, 3

    B) 2, 3

    C) 1, 3

    D) 1, 2

    View Answer play_arrow
  • question_answer80)

    Consider the following regarding the international organisation Asian Clearing Union:
    1. Asian Clearing Union was established in 1975 with a view to provide the clearing facilities in current international transactions among Asian countries.
    2. Initially India, Pakistan, Bangladesh, Nepal, Sri Lanka, and Iran were its members.
    3. Myanmar also joined it in 1977.
    Which of these statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer81) What is the current deadline to ratify the World Trade Organization (WTO)'s trade facilitation agreement (TFA)?

    A) December 2015

    B) March 2016

    C) April 2016

    D) December 2016

    View Answer play_arrow
  • question_answer82)

    Consider the following regarding International Development Association (IDA):
    1. IDA is an associate institution of World Bank known as soft loan window of World Bank.
    2. The resources of IDA include subscribed capital by member countries, general replenishments by developed countries, net income transferred by IBRD. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer83)

    Consider the following regarding International Monetary Fund:
    1. It was established on December 27, 1945 in Washington on the recommendation of Bretton Woods Conference.
    2. At present it has 188 members.
    3. France was the first country to borrow from IMF. Which of these statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer84) As regards the use of International Food Safety Standards as reference point for the dispute settlements, which one of the following does WTO collaborate with?

    A) Codex Alimentarius Commission

    B) International Federation of Standards Users

    C) International Organisation for Standardization

    D) World Standards Cooperation

    View Answer play_arrow
  • question_answer85)

    In the context of the bilateral trade negotiation between India and European Union, what is the difference between European Commission and European Council?
    1. European Commission represents the EU in the trade negotiation whereas European Council participates in the legislation of matters pertaining to economic policies of File EU.
    2. European Commission comprises the Head of States Government of member countries whereas the European Council comprises the persons nominated by the European Parliament? Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer86) Conditionality' of an IMF loan to a member country stands for:

    A) Interest and repayment terms of the loan

    B) An assessment of the credit worthiness of the borrower

    C) Schedule of disbursement of loan instalments

    D) The policy steps which the borrower country must take

    View Answer play_arrow
  • question_answer87) Which one of the following is an economic phenomenon occurring when a country experiences high inflation for a prolonged period of time?

    A) Headline inflation

    B) Chronic deflation

    C) Chronic inflation

    D) Core inflation

    View Answer play_arrow
  • question_answer88) Which one of the following is related with the core inflation of an economy?

    A) Inflation which excludes certain items that face volatile price movements

    B) Inflation which includes certain items that face volatile price movements

    C) Inflation due to rise in the production of non-agricultural products

    D) Both 'a' and 'b'

    View Answer play_arrow
  • question_answer89)

    Consider the following statements
    1. Headline inflation is a measure of the total inflation within an economy.
    2. Headline inflation is affected by areas of the market which may experience sudden inflationary spikes such as food, vegetables or energy.
    Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer90) In economics, Philips curve represents the relationship between

    A) Inflation and wage rise

    B) Inflation and unemployment

    C) Stagflation and deflation

    D) Demand and supply of goods

    View Answer play_arrow
  • question_answer91)

    Which of the following factors are the main contributors for the persistent Food inflation?
    1. Growing income levels of people.
    2. Restrictive provisions of Agriculture Produce Marketing Committee Act (APMC)
    3. Multiple Layers of Intermediation
    Select the correct answer using the codes given below:

    A) 1 and 3 only

    B) 2 and 3 only

    C) 1 and 2 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer92)

    Assertion: the imports of sensitive goods can cause inflation.
    Reason: Sensitive goods are the goods which are highly subsidized in the foreign countries. Choose the correct option:

    A) Assertion is correct and the reason explains the assertion.

    B) Assertion and reason both are correct, but the reason is not the correct explanation.

    C) Assertion correct but the reason is wrong

    D) Both assertion and reason are incorrect

    View Answer play_arrow
  • question_answer93)

    Consider the following statements.
    1. Stagflation is a condition of slow economic growth and relatively high unemployment - a time of stagnation -accompanied by a rise in prices, or inflation.
    2. Reflation is a fiscal or monetary policy, designed to expand a country's output and curb the effects of deflation. Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer94)

    Consider the following statements:
    1. The Lorenz curve is a graphical representation of relative poverty.
    2. The Lorenz curve is used to calculate the Gini coefficient which is numerical indictor of inequality. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer95)

    What do you understand by Poverty Gap?
    1. It is a measurement of the intensity of poverty among the poor the difference between the mean income among the poor and the poverty line.
    2. The poverty Gap index is the combined measurement of incidence of poverty and depth of poverty. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer96)

    Consider the following statements:
    1. The growing unemployment scenario in the world reveals that the situation in India is worst than that of Bangladesh and Pakistan.
    2. According to the unemployment scenario the unemployment is rapidly increasing both in Asian and European countries.
    3. In India, percentage of unemployment to the population is higher in the southern states like Kerala. Select the correct answer using the codes given below:

    A) 1 only

    B) 2 and 3 only

    C) 1 and 2 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer97)

    Consider the following statements about the National Rural Livelihoods Mission (NRLM)
    1. At least one member from each identified rural poor household, preferably a woman, to be brought under the SHG network.
    2. Subsidy to be available in the form of revolving fund and capital subsidy as an incentive for inculcating the habit of thrift and accumulation of their own funds.
    3. To work towards universal financial inclusion beyond basic banking services to all poor households.
    4. To pursue skill up-gradation and placement projects through partnership mode. Which of the salient features given above are correct about the National Rural Livelihoods Mission?

    A) 2 and 4

    B) 1, 2 and 3

    C) 2, 3 and 4

    D) All of these

    View Answer play_arrow
  • question_answer98)

    Consider the following
    1. Urban Self Employment Programme (USEP)
    2. Development of Women and Children in Urban Areas (DWCUA). Which of the schemes given above is/are the important components of the Swarnajayanthi Sahari Rozgar Yojana?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer99)

    Consider the following statements:
    1. If the parent group is registering a loss, then the subsidiary company does not have to spend under the Corporate Social Responsibility (CSR) provisions.
    2. Under the companies Bill 2012, CSR spending has been made mandatory for profit making companies (over a certain threshold)
    Which of the above statements is/are correct?

    A) Both

    B) None

    C) Only 1

    D) Only 2

    View Answer play_arrow
  • question_answer100)

    The Central government's overall spending
    1. On providing social services has increased over the past six years
    2. On rural development has decreased over the past six years
    3. On the health sector was stagnant over the past six years. Which of the statements given above is/are correct?
    Codes:

    A) Only 1 and 2

    B) Only 2 and 3

    C) 1, 2 and 3

    D) Only 1 and 3

    View Answer play_arrow


You need to login to perform this action.
You will be redirected in 3 sec spinner