1. Arrange the following theories in the
chronological order :
I. Restatement of Quantity Theory
II. Income Theory
III. Quantity Theory
IV. Cash Balance Approach
Select the correct answer from the given codes
:
Codes :
(A) I, II, IV, III
(B) III, I, II, IV
(C) IV, III, I, II
(D) III, IV, II, I
2. It is often
true that as the economy begins to recover from a recession, the
unemployment rate rises because
(A) as the
economy initially recovers from a recession the demand for goods and services
falls, so the demand for workers falls.
(B) as the economy
begins to recover from a recession, workers who were previously discouraged
about their chances of finding a job begin to look for work again.
(C) as the
economy begins to recover from a recession because of the errors in the way the
data are collected.
(D) as the
economy initially recovers from a recession, firms do not immediately increase
the number of workers they hire. Firms wait to hire more individuals until they
are convinced that the recovery is strong.
3. The imposition
of an import tariff by a large nation
(A) usually
improves the nation’s
terms of trade and increases the volume of trade.
(B) worsens the
nation’s terms of trade but increases the volume of trade
(C) worsens the
nation’s terms of trade and reduces the volume of trade.
(D) usually
improves the nation’s terms of trade but reduces the volume of trade.
4. The value of
foreign trade multiplier will be high under the condition when
(A) marginal
propensity to save is high
(B) marginal
propensity to import is high
(C) there is
increase in exports
(D) marginal
propensity to consume domestic goods is high
5. Match the
weight of different industry groups between List-I & List-II:
List – I
List – II
a. Basic goods
industries
1. 45.7
b. Capital goods
industries
2. 8.8
c. Intermediate
goods industries 3. 15.7
d. Consumer goods
industries 4. 29.8
Codes:
a b c d
(A) 1 2 3 4
(B) 2 4 3 1
(C) 3 2 1 4
(D) 1 3 4 2
6. Which of the
following is not the part of National Telecom Policy (NTP) 2012 in India ?
(A) Strive to
create One-Nation-One License across services and service areas.
(B) Achieve One
Nation – Full Mobile number portability
(C) To work
towards ‘Right to Broadband’
(D) Recognize
telecom as basic goods industry
7. Percentage
share of the manufacturing output of India in the world total is now
(A) 2.2 percent
(B) 3.9 percent
(C) 6.2 percent
(D) 7.5 percent
8. India ’s
current account deficit in Balance of Trade is mainly due to
(a) Increasing
imports of oil and petroleum
(b) Increasing
imports of gold and silver
(c) Increasing
imports of food grains
(d) Increasing
imports of iron and steel
Codes:
(A) (a), (b) and
(c)
(B) (a) and (c)
(C) (a) and (b)
(D) (a) and (d)
9. The MRTP Act
of 1969 has been
(A) replaced by
Competition Act 2002
(B) merged in
Industrial Policy Act of 1978
(C) replaced by
Trade Union (Amendment) Act 2001
(D) merged in
Industrial Policy Act of 1991
10. In the
context of agricultural development the trickle down theory has been
interpreted to suggest that
a. Growth in
agriculture output without radical institutional reforms will reduce the
incidence of poverty.
b. Growth in
agriculture output with radical institutional reforms will reduce the incidence
of poverty
c. Only radical
institutional reforms can reduce the incidence of poverty.
d. Only growth in
agriculture output will reduce incidence of poverty.
(A) Both a and b
(B) Both a and c
(C) b only
(D) d only
11. Productivity
of groundnut is highest in
(A) U.S.A.
(B) Mexico
(C) India
(D) China
12. NAFED is a
(A) Company
(B)
Non-Government Organisation
(C) Government
Body
(D) Cooperative
Organisation
13. List – I List – II
I. National Agricultural
Policy 1. 2004
II. Marine Fishing
Policy 2. 1978
III. New Foreign Trade
Policy 3. 2000
IV. Seventh Finance
Commission 4. 2004
Codes :
I II
III IV
(A) 2 1 3 4
(B) 4 3 1 2
(C) 1 4 2 3
(D) 3 1 4 2
14. Upto which
census, synchronous de facto method was adopted in India wherein the census was
conducted throughout the country in a single night?
(A) 1901
(B) 1931
(C) 1951
(D) 1971
15. List – I List – II
I. GATT 1. Managing
balance of payments
II. IMF 2. Developmental Finance
III. IBRD 3. Free
Trade
IV. UNO 4.
Maintenance of peace among nations
Codes :
I II
III IV
(A) 2 1 4 3
(B) 3 1 2 4
(C) 2 3 1 4
(D) 4 1 3 2
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