1. The revealed preference approach to
the derivation of indifference curve
(A) Assumes stability over time of an
observed person’s tastes.
(B) Assumes that all people have
identical tastes.
(C) Relies on repeated observations of
the market behaviour of a single person.
(D) Is correctly described by both (A)
and (C).
2. In the context of the Mundell- Fleming
model of open economy, consider the following variables that shift the IS
function.
1. a rise in the exchange rate
2. an increase in foreign income
3. a cut in taxes
4. a fall in exchange rate
Which of the following combinations of
these factors shift the IS function upwards towards the right ?
(A) 1, 2, 4
(B) 2, 3, 4
(C) 1, 2, 3
(D) 3, 4, 1
3. Which of the following Committees has
been set up in India
(A) Tendulkar Committee
(B) Saxena Committee
(C) Lakdawala Committee
(D) Hashim Committee
4. A major financial inclusion initiative
named ‘Swabhiman’ was formally launched on
(A) February 2010
(B) February 2011
(C) February 2009
(D) February 2008
5. Which of the Five Year Plans has laid
emphasis on ‘faster, sustainable and inclusive growth’ ?
(A) Eleventh Five Year Plan
(B) Twelfth Five Year Plan
(C) Tenth Five Year Plan
(D) Ninth Five Year Plan
6. Under the revised Index of Industrial
Production (IIP) series, with 2004-05 as the base, the total number of items
covered has increased from 538 to
(A) 682
(B) 662
(C) 652
(D) 642
7. Growth of Indian agriculture has been
slowed down since the adoption of new economic policy due to
1. low increase in crop yield
2. low or no public investment
3. stagnant green revolution technology
4. low retail market prices of
agricultural produce
Answer this question by selecting the
correct combination of codes given below :
Codes :
(A) 1, 2, 3, 4
(B) 2, 3
(C) 1, 2, 3
(D) 1, 4
8. Which of the following is not a
specialized sub market of the money market ?
(A) Collateral loan market
(B) Discount market
(C) Bond market
(D) Acceptance market
9. Arrange the following Committees in
chronological order from the given codes
I. Khusro Committee
II. Dantwala Committee
III. Narasimham Committee
IV. Kelkar Committee
Codes :
(A) I, II, III, IV
(B) II, IV, I, III
(C) II, I, IV, III
(D) II, III, I, IV
10. Assertion (A) : The working of
Regional Rural Banks (RRBs) revealed that they eroded their capital base.
Reason (R) : Many RRBs are nonviable and
having high operating costs.
Of the above two statements, give the
correct answer from the given codes :
Codes :
(A) Both (A) and (R) are correct and (R)
is the correct explanation of (A).
(B) Both (A) and (R) are correct, 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.
11. Which of the following institutions
are regulated by the RBI as All India Financial Institution ?
I. Export Import Bank of India
II. National Housing Bank
III. State Bank of India
IV. Small Industries Development Bank of India
Select the correct answer from the given
code :
Codes :
(A) I, II and IV
(B) II, III, IV
(C) I & II
(D) III & IV
12. Items of social sector expenditure of
the State Governments include
I. Education and sports
II. Energy and transport
III. Medical and public health
IV. Water supply and sanitation
Find correct answer from given codes :
Codes :
(A) I, II and III are correct.
(B) I, III and IV are correct.
(C) II, III and IV are correct.
(D) I and III are correct.
13. Match the items of List – I with
items of List – II from the given code :
List – I
List
– II
I. Law of increasing State
activities 1. R.N. Bhargava
II. Displacement
effect 2.
Adolph Wagner
III. Federal Finance
3.
Weisman and Peacock
IV. Functional Finance
4.
A.P. Lerner
Codes :
I II
III IV
(A) 1 2 3 4
(B) 2 3 1 4
(C) 3 4 2 1
(D) 4 1 3 2
14. The act of simultaneously buying a
currency in one market and selling in another market is called
(A) Speculation
(B) Spotting
(C) Forwarding
(D) Arbitrage
15. All internationally traded services
are covered under which of the following WTO agreements ?
(A) GATS
(B) TRIPS
(C) TRIMS
(D) PTA
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