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Q1. When development in economy takes place the share of tertiary sector in National Income .................

Increases

Declines

Remains constant

First rises and then falls

Q2. National Income is also known as .........

GNP at Factor Cost

GNP at Market Price

NNP at Factor Cost

NNP at Market Price

Q3. The rationale given in the I Plan for state intervention in the industrial sector was that...............

private sector was inefficient

private sector was neither willing nor capable of investing in certain sectors

the commanding heights of the economy should be in the public sector

state alone can ensure decentralisation of wealth.

Q4. "Usual Status" (US) unemployment is calculated with reference to a period of ..............

one week

one month

one year

indefinite

Q5. Demand for complementary goods is known as .........

Joint Demand

Direct Demand

Derived Demand

Cross Demand

Q6. "India has achieved national food security, but has not ensured household food security". What does it mean?

India has adequate food stock but remains out of reach of all house holds.

Number of people below BPL is on the increase

There is increase in food production but per capita availability has decreased.

none of these

Q7. TRYSEM was a scheme related to .................

modernisation of agricultural techniques

a space science terminology

a programme for self employment training of rural youths

None of these

Q8. Centralised planning was first adopted in which country's economy?

USSR

France

USA

India

Q9. Expand OECD.

Organization for Economic Cooperation and Development

Orientation for Economic Cooperation and Development

Organization for Eco Cooperation and Development

none of these

Q10. According to the Chakravarthy Committee, one of the principal causes affecting price stability in India is .........

existence of black money

violent fluctuation in agricultural production

balance of payment position

fiscal deficit

Q11. "Meera Seth Committee" was appointed for a report on ........

development of handlooms

child labour

plight of sex workers

legal remedy for terrorist victims.

Q12. ...............is also known as "Soft Loan Window" of the World Bank.

International Monetary Fund

International Development Association

International Finance Corporation

Asian Development Bank

Q13. Scheduled Bank is a bank that which is .....

nationalized

private

included in the second schedule of RBI rules.

foreign banks registered in India.

Q14. Which Article of our Constitution stipulates that the State shall ensure that the economic system does not promote concentration of wealth and means of production?

Art.24

Art.36

Art.39

Art.49

Q15. Reserve Bank of India does not transact the business of ......

Nagaland

Sikkim

Jammu and Kashmir

Manipur

Q16. ............is NOT a direct tax.

Income Tax

Gift Tax

Wealth Tax

Sales Tax

Q17. International Trade is governed and control exercised by .........

IMF

ADB

WTO

GATT

Q18. Gresham's Law is related to.....................

Circulation of Money

Consumption and Demand

Deficit Financing

Supply and Demand

Q19. The significant change in the new FEMA which has replaced FERA is that the emphasis from imprisonment will be shifted to:

Compounding

Adjudication

Arbitration

voluntary compliance

Q20. In which production India has attained self-sufficiency?

Petroleum

Edible Oil

Fertilizers

Foodgrains

Q21. "Letter of Credit" means ...........

Letter of the bank giving to customer that his loan was granted

Letter from a Bank, guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.

Letter to the Public Sector Banks by RBI telling that got credit from RBI

none of these

Q22. "Depreciation" is ...............

A cash expenditure

A visible expenditure

An invisible income

A non cash expenditure

Q23. Inflation , in theory, occurs when the ..........

money supply grows at a higher rate than GDP in real terms

fiscal deficit exceeds balance of payment deficit

when the exchange rate of currency falls

price of essential commodities outstrips the income

Q24. Asian Development Bank has opened its Residential Office in ......

New Delhi

Kolkata

Mumbai

Bangalore

Q25. "Planned economy for India" (1934) was the work of ......

John Mathai

M Visveswarayya

M N Roy

P C Mahalanobis

Q26. "World Investment Report" is an annual publication of which of the following?

World Bank

International Monetary Fund

Asian Development Bank

UNCTAD

Q27. Which of the following statements about National Mineral Development Corporation is NOT correct?

It is the single largest iron ore producer and exporter of India

It has only mechanized diamond mine in the country at Panna, Madhya Pradesh

It has been declared as a "Maha Ratna" company by the government.

all of these are correct.

Q28. Which of the following statements about SENSEX is correct?

It is also called as BSE 30

Its base year is 1978-1979

i) It launched DOLLEX 30 a dollar linked version in 2001. ii) It is a free float market capitalization weighted stock market index of 30 well established and financially sound companies listed on it.

all are correct

Q29. ..............Bank was imposed a penalty of Rs.55 Lakhs recently, for contravention of directions and instructions issued on KYC norms.

Bank of Baroda

Indian Overseas Bank

ING Vysya Bank

Punjab National Bank

Q30. The subject 'Planning' appears in .....

Concurrent List

State List

Union List

Residuary List

Q31. Expand NABFINS ....

NBFC Financial Services Ltd.,

NABARD Financial Services Ltd.,

NABARD Financial Securities Ltd.,

None of these

Q32. Money from the Consolidated Fund of India, can be spent only with the approval of .......

The President

Finance Minister

The Parliament

The Comptroller & Auditor General

Q33. "Economic Growth in one area adversely affects the prosperity of another" is defined by the economic theory known as....

Backwash effect

Backlash effect

Dunkel Effect

Myrdal Effect

Q34. ................performs the duties of Central Bank for our country.

Reserve Bank of India

State Bank of India

Central Bank of India

none of these.

Q35. UNDP prepares ..........

Index Number of Price Level

Physical Quality Index

Human Development Index

Standard of Livind Index

Q36. Service Tax was first introduced from..............

1.7.1994

1.4.2004

1.9.2003

1.5.2000

Q37. The Headquarter of 'Economic and Social Commission for Asia and Pacific' is at .................

Singapore

Bangkok

Manila

Hong Kong

Q38. RBI is headquartered at .....

Delhi

Mumbai

Kolkatta

Chennai

Q39. .................is not a reason for cost push inflation.

payment of Dearness Allowance to the employees

fluctuations in agricultural and industrial output

excessive indirect taxation

none of these

Q40. World Bank has recently agreed to extend a loan of $500 million to India for.............

Infrastructure development on Southern Western Ghat

Secondary Education Project named Rashtriya Madhyamik Shiksha Abhiyan (RMSA)

Providing the water to the region of Bhundelkhand

Interlinking of rivers

Q41. Expand CENVAT.

Central Value Average Tax

Central Value Added Tariff

Central Value Added Tax

Central Value Arrived Tax

Q42. Fiscal Policy refers to ...........

sale and purchase of securities by RBI

Government taxes, expenditure and borrowings

Government borrowings from abroad

Sharing of revenue by Central and State Governments

Q43. Products from certain regions/states/countries are protected from duplication by the issue of .........

trade marks

copy rights

geographical indications

none of these

Q44. What percent of their Net Bank Credit, the foreing banks operating in India should give towards Export Credit?

Q45. Which of the following statements about Public Accounts Committee (PAC) is NOT correct?

A minister in the Government cannot be its member

Constituted by the Parliament, with 22 members (15 from Lok Sabha and 7 from Rajya Sabha) with one year term and the chairman is appointed by the Lok Sabha Speaker.

i)Generally a leader from the Opposition party is made as the Chairman. Ii) It conducts audit of the expenditure of the Government.

all are correct

Q46. Which of the following banks in India has maximum number of branches and ATMs?

Indian Bank

State Bank of India

Punjab National Bank

HDFC Bank

Q47. EFT a banking terminology, stands for ......

Effective Funds Transfer

Efficient Funds Transfer

Electronics Funds Transfer

Easy Funds Transfer

Q48. Dr.Rangarajan Committee submitted its report in 2008 on the matter of ..........

banking sector reforms

financial inclusion

narrowing the gap of trade balance

monetization

Q49. If a cheque is post dated, the bank on which it is drawn .......

will not honour the cheque before the date of the cheque

has to honour the cheque before the date of the cheque

has the option of honouring or not

may seek legal advice to honour the cheque before the date

Q50. Which of the following is a measure taken by the Reserve Bank of India to control inflation in our country?

Increasing the CRR

Increasing the SLR

Raising Repo/Reverse Repo Rate

Decreasing the SLR

Answers Evaluate

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