MCQs on Economics -12

1. Technology Mission on oilseeds was started in India in the year
(A) 1975
(B) 1980
(C) 1986
(D) 1992


2. High Yielding Varieties Programme in India does not include
(A) Wheat
(B) Pulses
(C) Jowar
(D) Maize


3. As per the latest SRS data, which of the following age-group has the lowest age-specific fertility rate in India ?
(A) 15-19
(B) 20-29
(C) 30-34
(D) 35-39


4. Endogenous technological change is not caused by
(A) FDI
(B) Population size
(C) Population density
(D) Educational level


5. Match Group – I with Group– II :
Group – I                                            Group – II
a. Variance                                          i. Sampling distribution
b. Mode                                               ii. Normal distribution
c. χdistribution                                  iii. Measure of dispersion
d. Mesokurtic distribution                  iv. Measure of central tendency
Codes :
      a b c d
(A) i iii ii iv
(B) iii iv i ii
(C) ii iv iii i
(D) iv ii i iii


6. Assertion (A) : Fisher’s Index No. is ideal Index No.
Reason (R) : Fisher’s Index satisfies time reversal and factor reversal tests.
Codes :
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true, but (R) is not correct explanation of (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.


7. There are 12 white balls, 8 red balls and 5 green balls in a basket. What is the probability that a ball drawn is either red or white ?
(A) 12/25
(B) 8/25
(C) 20/25
(D) 15/25


8. If the mean and variance of a given distribution is 8 and 0.25, then the coefficient of variation will be
(A) 4 percent
(B) 8 percent
(C) 12 percent
(D) 16 percent


9. Coefficient of determination is given as
(A) r/1 – r2
(B) 1 – r2
(C) 1 + r2
(D) r2


10. For testing the equality of population variances the test to be applied is
(A) Student’s t test
(B) χ2 test
(C) F distribution
(D) Z distribution



11. Agricultural income tax is assigned to the State Government by
(A) The Finance Commission
(B) The National Development Council
(C) The Inter-state Council
(D) The Constitution of India



12. Most Favoured Nations (MFN) clause under WTO implies,
(A) Most favour to some countries
(B) Most favour to all countries
(C) No favour to any country
(D) No favour to some countries


13. Which of the following is not an indicator in measuring Social Progress Index?
(A) Health and wellness
(B) Nutrition
(C) Personal safety
(D) None of the above


14. Consider the following statements with respect to GAAR:
1. Purpose is to check tax evasion
2. Prevents misuse of DTAA
3. Parthasarathy Shome panel was set up, in 2012 to review the guide lines for GAAR
(A) 1, 2 correct
(B) 2, 3 correct
(C) 1, 3 correct
(D) All the above


15. As per agreement on Monetary policy frame work between GOI and RBI which of the following are true?
1. Once in every six months, RBI should publish document related to forecasts of inflation for the period between 6 to 18 months
2. RBI has to surrender certain powers to GOI as part of inflation targeting
3. CPI-C inflation is considered for inflation targeting by RBI
4. The aim is to bring inflation below 6%
(A) 1, 2, 4
(B) 1, 3, 4
(C) 1, 2, 3
(D) All the above


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