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Q1. Which one of the following Five Year Plans recognised human development as the core of all developmental efforts?
Correct answer : 4
Q2. Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)? (1) To stabilise agricultural prices (2) To ensure meaningful real income levels to the farmers (3) To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system. (4) to ensure maximum price for the farmer.
Correct answer : 1
Q3. As part of the liberalisation programme and with a view to attract foreign exchange the government and the RBI have devised two schemes known as FCNR 'A' and FCNR 'B'. Which of the following is/are true regarding these two schemes? (1) Under Scheme 'A' RBI bears exchange rate fluctuations (2) Under Scheme 'B" other banks are to meet out the difference in exchange rate fluctuations. (3) Both the schemes stand withdrawn now. (4) Only scheme 'A" has been withdrawn.
Correct answer : 4
Q4. To know whether the rich are getting richer and the poor getting poorer, it is necessary to compare
Correct answer : 2
Q5. The main function of the International Monetary Fund is to
Correct answer : 2
Q6. Which one of the following about the Dunkel draft is/are correct? (1) It is mandatory for the Government of India to accept all its proposals in all the sectors (2) In the field of agriculture, the main proposal is to cut agricultural subsidies (3) In the field of textiles, it reiterates the operation of the multifibre agreement (4) The proposals have already been accepted by the Parliament
Correct answer : 3
Q7. ASSERTION {A}: The USA reemerged as India's single largest import source in the early nineties. REASON {R}: With swift political developments in the erstwhile Soviet Union, India gradually began to rely on the USA for its defence requirements.
Correct answer : 2
Q8. The difference between the GNP and NNP is equal to the .....
Correct answer : 4
Q9. The first to start a joint stock company trade with India were the
Correct answer : 1
Q10. The belief that economic growth will percolate down to all sectors was known as ........
Correct answer : 1
Q11. Which of the following are the purposes for which the National Renewal Fund has been set up? (1) To restructure sick small scale industries (2) To help workers likely to be displaced due to retrenchment in the process of industrial restructuring (3) to modernise existing industrial units. (4) to help refugees from Bangladesh, Sri Lanka etc.,
Correct answer : 1
Q12. Earnings through Diamond export is high in our country. Which one of the following factors has contributed to it?
Correct answer : 3
Q13. Euro dollars are ....
Correct answer : 1
Q14. Which one of the following type of borrowings from the IMF has the softest servicing conditions?
Correct answer : 3
Q15. When partial convertibility obtains, the exchange rate is
Correct answer : 1
Q16. Which one of the following sets of economists strongly favoured a market economy?
Correct answer : 4
Q17. The nature of "usual status unemployment" is
Correct answer : 3
Q18. "Most Favoured Nations" clause under GATT implies......
Correct answer : 2
Q19. The basic difference between imperative and indicative planning is that
Correct answer : 3
Q20. Which one of the following modes of privatisation is the most comprehensive and complete?
Correct answer : 4
Q21. The definition of a small scale industry is based on
Correct answer : 4
Q22. Which one of the following institutions providing finance to the industrial sector was the first to be set up?
Correct answer : 2
Q23. Which one of the following is NOT TRUE regarding the trends during and after the Seventh Five Year Plan process in India?
Correct answer : 4
Q24. Invisible trade is a trade
Correct answer : 4
Q25. "Terms of Trade" between agriculture and industry has reference to
Correct answer : 4
Q26. A 'deflator' is a technique of ....
Correct answer : 1
Q27. AGMARK is ....
Correct answer : 4
Q28. A common currency for the members of the Common Market in Europe is known as ....
Correct answer : 3
Q29. The main watchdog of international trade is
Correct answer : 1
Q30. The data collection for national income estimation in India is done by;
Correct answer : 1
Q31. Of the various sources of income to the Gram Panchayats, one source is
Correct answer : 4
Q32. Inflation tends to reduce the share of labour in the GNP (Gross National Product) because
Correct answer : 1
Q33. The main source of financing the implementation of development programmes is
Correct answer : 1
Q34. Betterment levy is imposed by the government because.....
Correct answer : 1
Q35. ASSERTION {A}: The ratio of direct taxes to gross domestic product has been falling in the recent years. REASON {R}: Unaccounted "Black Money" has grown rapidly.
Correct answer : 1
Q36. "AGMARK" stamping approval is issued by the .....
Correct answer : 3
Q37. Zero based budgeting lays emphasis on (1) Unlimited deficit financing (2) Preparing new Budget, right from the scratch (3) Preparing the Budget neglecting history of the expenditure
Correct answer : 3
Q38. For the first time, under which plan, specific schemes for employment generation was evolved?
Correct answer : 4
Q39. The structural changes in exports means
Correct answer : 1
Q40. The interest rate policy is a component of
Correct answer : 2
Q41. Who among the following is a famous economist?
Correct answer : 3
Q42. Five Year Plan proposals are finalised by .....
Correct answer : 1
Q43. The rate of exchange of Indian rupee is linked with
Correct answer : 3
Q44. Identify the period which was declared as "Plan Holiday Period"?
Correct answer : 2
Q45. An 'ad valorem duty' is a tax on the basis of
Correct answer : 1
Q46. Regional Rural Banks are designed to work in which one of the following ideals?
Correct answer : 2
Q47. Which foreign bank has the largest number of branches in India?
Correct answer : 3
Q48. Deficit financing means .....
Correct answer : 2
Q49. Currency of a European country which was not revalued at the European Economic Summit was ......
Correct answer : 4
Q50. Lareget allocation in the Seventh Five Year Plan has been given to