Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Economics -34

1. Which of the following are true of disguised unemployment?
I. It represents potential savings.
II. The marginal productivity of labour is zero or extremely low.
III. It is due to the existence of joint family system.
IV. It is confined to the rural areas.
Codes:
(A) II and IV
(B) III and IV
(C) I, II and III
(D) I, II, III and IV


2. According to A.K. Sen, famines occurred in India because of
(A) Lack of proper distribution mechanism
(B) Lack of demand
(C) Lack of transportation
(D) Shortage of food grains


3. In India, Five Year Plan is formulated by
(A) C.S.O.
(B) Planning Commission
(C) Finance Commission
(D) Planning Ministry


4. In which year, the Wildlife Board in India was established?
(A) 1952
(B) 1968
(C) 1986
(D) 1992



5. Indian planning mechanism was criticised by
(A) A.K. Sen
(B) Jagdish Bhagwati
(C) L.K. Jha
(D) Bimal Jalan


6. ‘Aam Admi Bima Yojana’ provides social security to
(A) All labour in rural areas
(B) All landless labour living below poverty line in rural areas
(C) All labour in urban areas
(D) All labour in both rural and urban areas


7. List – I                              List – II
i. 1st Five Year Plan                a. Agriculture
ii. 2nd Five Year Plan             b. Heavy industries
iii. 5th Five Year Plan             c. Anti-poverty Programmes
d. Luxury items
Codes:
(A) i – a, ii – b, iii – c
(B) i – d, ii – b, iii – c
(C) i – d, ii – c, iii – a
(D) i – c, ii – a, iii – b


8. Which State in India has the lowest Infant Mortality Rate?
(A) Maharashtra
(B) Goa
(C) Gujarat
(D) Kerala


9. Assertion (A): In the agricultural lending mechanism of India, moneylenders despite their usurious rates of interest are still predominant.
Reason (R): Most often the commercial banks could not meet the target of 18% of their total lending for the agricultural sector in the country.
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 the correct explanation of (A).
(C) (A) is true and (R) is false.
(D) (A) is false and (R) is true.


10. Which one of the following does not come under land reforms in India?
(a) Abolition of Intermediaries and Tenancy Legislation
(b) Ceiling on Land Holding and Co-operating Farming
(c) Tenancy Legislation and Technology Upgradation
(d) Abolition of Intermediaries and Green Revolution
Codes:
(A) (a) and (c)
(B) (a) and (d)
(C) (a) and (b)
(D) (a), (b), (c) and (d)


11. Assertion (A): In India, ‘Green Revolution’ was also criticized as Wheat Revolution.
Reason (R): The productivity of wheat in India during the1970’s was one of the highest in the world.
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 the correct explanation of (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.


12. Assertion (A): Agricultural income is taxed by the Union Government.
Reason (R): Agriculture is a State subject.
Codes:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true and (R) is not the correct explanation of (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.


13. Match items given in List – I with those in List – II:
List – I                                    List – II
a. Green Revolution                1. Oilseeds
b. Yellow Revolution              2. Milk
c. White Revolution                3. Fish
d. Blue Revolution                  4. Wheat

Codes:
a          b          c          d
(A)       4          1          2          3
(B)       4          2          1          3
(C)       2          1          3          4
(D)       2          4          3          1


14. The fundamental cause for the collapse of the Bretton Woods System was
(A) The liquidity problem
(B) The adjustment problem
(C) The confidence problem
(D) All of the above


15. Hedging refers to
(A) The acceptance of a foreign exchange risk
(B) The covering of a foreign exchange risk
(C) Foreign exchange speculation
(D) Foreign exchange arbitrage

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