Q21. The supply-side economics lays greater emphasis on the point of view of
A Producer B Global economy C Consumer D Middle-man
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Correct answer: Producer
Q22. A consumer is said to be in equilibrium, if
A he is able to fulfil his need with a given level of income B he is able to live in full comforts with a given level of income C he can fulfil his needs without consumption of certain items D he is able to locate new sources of income
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Correct answer: he is able to fulfil his need with a given level of income
Q23. Hawala transactions relate to payments
A received in rupees against overseas currencies and viceversa without going through the official channels B received for sale/transfer of shares without going through the established stock exchanges C received as commission for services rendered to overseas investors/buyers/seller in assisting them to get ever the red tape and / as in getting preferential treatment D made to political parties or to individuals for meeting election expense
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Correct answer: received in rupees against overseas currencies and viceversa without going through the official channels
Q24. Which one of the following is correct regarding stabilisation and structural adjustment as two components of the new economic policy adopted in India?
A Stabilisation is a gradual, Multi-step process while structural adjustment is a quick adaptation process B Structural adjustment is a gradual multi-step process, while stabilisation is a quick adaption process C Stabilisation and structural adjustment are very similar and complementary policies. It is difficult to separate one from the other D Stabilisation mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments
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Correct answer: Structural adjustment is a gradual multi-step process, while stabilisation is a quick adaption process
Q25. The main reason for low growth rate in India inspite of high rate of savings and capital formation is
A high birth rate B low level of foreign aid C low capital/output ratio D high capital/output ratio
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Correct answer: high capital/output ratio
Q26. Unemployment and poverty estimates in India are based on
A NSSO household consumption expenditure survey B CSO household consumption expenditure survey C Planning Commission’s household Consumption expenditure survey D NSSO family income survey
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Correct answer: NSSO household consumption expenditure survey
Q27. Consider the following statements. The objectives of the National Renewal Fund setup in February, 1992 were 1. To give training and counseling for workers affected by retrenchment. 2. Redevelopment of workers. Which of these statement(s) is/are correct?
A Neither 1 nor 2 B Both 1 and 2 C Only 1 D Only 2
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Correct answer: Only 1
Q28. Which of the following Economists propagated the pure Monetary Theory of Trade Cycle?
A Hawtrey B Hayek C Keynes D Hicks
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Correct answer: Hawtrey
Q29. Consider the following events and arrange these in Chronological Order. 1. Garibi Hatao 2. Bank Nationalisation 3. Beginning of Green Revolution Select correct answer from the codes given below.
A 1, 2 and 3 B 3, 2 and 1 C 2, 1 and 3 D 3, 1 and 2
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Correct answer: 3, 2 and 1
Q30. ‘Green Index’ has been developed by
A United Nations Environment Programme B International Monetary Fund (IMF) C World Bank D None of the above
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Correct answer: World Bank
Q31. Krishi Shramik Samajik Suraksha Yojana is a scheme for providing
A improved quality of life at village level B additional wage employment C pension and insurance benefits D subsidised housing facilities
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Correct answer: pension and insurance benefits
Q32. Among the following sectors, which contributes most to the savings, in India
A Banking and Financial sector B Export sector C Household sector D Private corporate sector
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Correct answer: Household sector
Q33. Which country was the first to adopt a gold standard in the modern sense?
A Italy B France C Great Britain D Portugal
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Correct answer: Great Britain
Q34. What is meant by Autarky in International trade?
A Monopoly in international trade B Imposition of restriction in international trade C Removal of all restrictions from international trade D The idea of self-sufficiency and no international trade by a country
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Correct answer: The idea of self-sufficiency and no international trade by a country
Q35. Which one of the following represents atleast in part investment in Human Capital?
A Formal education B On the job training C Better health care and nutrition D All of the above
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Correct answer: All of the above
Q36. Match List-I with List-II and select the correct answer using the codes given below the lists. List-I (a) Rashtriya Mahila Kosh (b) Mahila Samriddhi Yojana (c) Indira Mahila Yojana (d) Mahila Samakhya Programme List-II 1. Empowerment of women 2. Education for women’s equality 3. Promotion of savings among rural women 4. Meeting credit needs of the poor women Code (a) (b) (c) (d)
A 3 B 1 C 4 D 4
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Correct answer: 4
Q37. Match List-I with List-II and select the correct answer using the codes given below the lists. List-I (a) Sarva Shiksha Abhiyan (b) Sakshar Bharat (c) Operation Blackboard (d) National Literacy Mission List-II 1. 1987 2. 1988 3. 2001 4. 2009 Code (a) (b) (c) (d)
A 1 B 4 C 2 D 3
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Correct answer: 3
Q38. Match List-I with List-II and select the correct answer using the codes given below the lists. List-I (a) Swajaldhara Yojana (b) Hariyali Yojana (c) Swarn Jayanti Gram Swarojgar Yojana (d) Pradhan Mantri Gram Sadak Yojana List-II 1. Rural connectivity 2. Rural water supply 3. Watershed Management 4. Rural self employment Code (a) (b) (c) (d)
A 3 B 2 C 3 D 2
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Correct answer: 2
Q39. Match List-I with List-II and select the correct answer by using the codes given below the lists. List-I (a) Nai Roshni Programme (b) DISHA (c) Pradhanmantri Jan Dhan Yojana (d) Swavlamban Scheme List-II (Its contact) 1. Women Empowerment 2. Financial Inclusion 3. New pension system 4. IT Training Code (a) (b) (c) (d)
A 4 B 1 C 2 D 3
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Correct answer: 1
Q40. With reference to digital payments, consider the following statements. 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account. 2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication. Which of the statement(s) given above is/are correct?
A Only 1 B Only 2 C Both 1 and 2 D Neither 1 nor 2
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Correct answer: Only 1