ECONOMICS- PAGE 1
1. Debenture holders of a company are its
(a). Shareholders
(b). Creditors
(c). Debtors
(d). Directors
Answer: Creditors
2. Consider the following statements : In India, stamp duties on financial transactions are
1. levied and collected by the State Government
2. appropriated by the Union Government
Which of these statements is / are correct ?
(a). Only 1
(b). Only 2
(c). Both 1 and 2
(d). Neither 1 nor 2
Answer: Both 1 and 2
3. Consider the following statements :
1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid up capital.
2. Foreign Direct Investment upto 49 per cent from all sources is permitted in private sector banks in India under the automatic route.
Which of these statements is / are correct ?
(a). Only 1
(b). Only 2
(c). Both 1 and 2
(d). Neither 1 nor 2
Answer: Only 2
4. In India, the first bank of limited liability managed by Indians and founded in 1881 was
(a). Hindustan Commercial Bank
(b). Oudh Commercial Bank
(c). Punjab National Bank
(d). Punjab and Sind Bank
Answer: Punjab National Bank
5."Economic Planning" refers to
(a). increasing the tax revenue
(b). allocation of resources
(c). proper planning to utilise manpower
(d). exploitation of both tax revenue and manpower
Answer: allocation of resources
6. The programme IRDP is connected with
(a). industry
(b). transport
(c). trade
(d). villages
Answer: villages
7. A serious effort to tackle the problem of poverty began with
(a). First Five Year Plan
(b). Second Five Year Plan
(c). Fourth Five Year Plan
(d). Ninth Five Year Plan
Answer: Second Five Year Plan
8. In India, as on December 2014, inflation was calculated on what basis? I. Wholesale Price Index II. Consumer Price Index
(a) I and II only
(b).Neither I nor II
(c). I only
(d).II only
Answer: (c). Wholesale Price Index only
9. Which one of the following is NOT the goals set by Eleventh five year plan?
I. Reducing Instant Mortality Rate to 10
II. Raising child sex ratio to 950
III. Reducing malnutrition among children of age group 0-3 by 50%
(a). I only
(b).III only
(c). I and III
(d). All of the above
Answer: (a). I only
10. Among the following, which is the major aim of monetary policy adopted by the Reserve Bank of India?
(a). Increase employment
(b). Price Stability
(c) Control Fluctuation in the share market
(d). All of the above
Answer: Price Stability
11. Coins are minted in India at
(a) Delhi. Mumbai and Kolkata
(b) Delhi, Kolkata and Hyderabad
(c) Mumbai. Delhi and Bangalore
(d) Mumbai, Kolkata and Hyderabad
Answer: Mumbai, Kolkata and Hyderabad
12. Which is a credit rating agency in India?
(a) CR1SIL
(b) CARE
(c) ICRA
(d) All the above.
Answer: All the above
13. What is 'NIKKEI'?
(a) Foreign Exchange Market of Japan.
(b) Japanese name of country's Planning Commission.
(c) Name of Japanese Central Bank.
(d) Share Price Index of Tokyo Stock Exchange.
Answer: Share Price Index of Tokyo Stock Exchange.
14. Bank rate is the rate of interest at which
(a) a bank lends to the public.
(b) the Reserve Bank of India lends to the public.
(c) the Government of India lends to other countries.
(d) the Reserve Bank of India rediscounts the bill of commercial banks.
Answer: the Reserve Bank of India rediscounts the bill of commercial banks
15. Ninth Five Year Plan period is between
(a). 1996-2001
(b). 1997-2002
(c). 1999-2000
(d). 1998-2004
Answer: 1997-2002
16. What is the target growth rate as envisaged in the Ninth Five Year Plan?
(a). 6%
(b). 5.6%
(c). 5.8%
(d). 6.5%
Answer: 6.5%
17. The main and the final aim of Land Reform is
(a). abolition of intermediaries
(b). fixing ceiling on land holding
(c). fixation of fair rent
(d). making tillers as the owners of the land
Answer: making tillers as the owners of the land
18. "FERA"stands for
(a). Foreign Exchange Regulation Act
(b). Foreign Exchange Restrictions Act
(c). Foreign Exchange Reserves Act
(d). All of these
Answer: Foreign Exchange Regulation Act
19. Octrol refers to
(a). Tax
(b). Industry
(c). Agriculture
(d). All of these
Answer: Tax
20. The total number of nationalised banks in India is
(a). 14
(b). 20
(c). 22
(d). 27
Answer: 20
21. The second nationalisation of banks took place in the year
(a). 1980
(b). 1997
(c). 1959
(d). 1974
Answer: 1980
22. In India, Policy of Population Control was introduced in
(a). 1971
(b). 1967
(c). 1956
(d). 1974
Answer: 1971
23.Which is not related to industries?
(a). SIPCOT
(b). TANSITIA
(c). CIPKO
(d). SIDCO
Answer: CIPKO
24. All loses and expenses are
(a). debited
(b). credited
(c). both debit and credit
(d). no entry
Answer: debited
25.The per capita income is
(a). National income x population
(b). Population/ National income
(c). National income/ Population
(d). none of these
Answer: National income/ Population
26. Consider the following statements
Assertion (A):India is one of the leading industrial countries among the developing countries
Reason (R): Government of India has neglected altogether the traditional craft industries
Now select the answer using the codes scheme given below:
(a). Both (A) and (R) are true, and (R) is the correct explanation
(b). Both (A) and (R) are true, and (R) is not the correct explanation
(c). (A) and (R) are false
(d). (A) is true, but (R) is false
Answer: (A) is true, but (R) is false
27. Who said that "Financial emergency provisions were serious threat to the financial autonomy of the states?
a. H. N. Kunzru
b. H.V. Kamath
c. K.T.Shah
d. B.R. Ambedkar
Answer: H. N. Kunzru
(a). Shareholders
(b). Creditors
(c). Debtors
(d). Directors
Answer: Creditors
2. Consider the following statements : In India, stamp duties on financial transactions are
1. levied and collected by the State Government
2. appropriated by the Union Government
Which of these statements is / are correct ?
(a). Only 1
(b). Only 2
(c). Both 1 and 2
(d). Neither 1 nor 2
Answer: Both 1 and 2
3. Consider the following statements :
1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid up capital.
2. Foreign Direct Investment upto 49 per cent from all sources is permitted in private sector banks in India under the automatic route.
Which of these statements is / are correct ?
(a). Only 1
(b). Only 2
(c). Both 1 and 2
(d). Neither 1 nor 2
Answer: Only 2
4. In India, the first bank of limited liability managed by Indians and founded in 1881 was
(a). Hindustan Commercial Bank
(b). Oudh Commercial Bank
(c). Punjab National Bank
(d). Punjab and Sind Bank
Answer: Punjab National Bank
5."Economic Planning" refers to
(a). increasing the tax revenue
(b). allocation of resources
(c). proper planning to utilise manpower
(d). exploitation of both tax revenue and manpower
Answer: allocation of resources
6. The programme IRDP is connected with
(a). industry
(b). transport
(c). trade
(d). villages
Answer: villages
7. A serious effort to tackle the problem of poverty began with
(a). First Five Year Plan
(b). Second Five Year Plan
(c). Fourth Five Year Plan
(d). Ninth Five Year Plan
Answer: Second Five Year Plan
8. In India, as on December 2014, inflation was calculated on what basis? I. Wholesale Price Index II. Consumer Price Index
(a) I and II only
(b).Neither I nor II
(c). I only
(d).II only
Answer: (c). Wholesale Price Index only
9. Which one of the following is NOT the goals set by Eleventh five year plan?
I. Reducing Instant Mortality Rate to 10
II. Raising child sex ratio to 950
III. Reducing malnutrition among children of age group 0-3 by 50%
(a). I only
(b).III only
(c). I and III
(d). All of the above
Answer: (a). I only
10. Among the following, which is the major aim of monetary policy adopted by the Reserve Bank of India?
(a). Increase employment
(b). Price Stability
(c) Control Fluctuation in the share market
(d). All of the above
Answer: Price Stability
11. Coins are minted in India at
(a) Delhi. Mumbai and Kolkata
(b) Delhi, Kolkata and Hyderabad
(c) Mumbai. Delhi and Bangalore
(d) Mumbai, Kolkata and Hyderabad
Answer: Mumbai, Kolkata and Hyderabad
12. Which is a credit rating agency in India?
(a) CR1SIL
(b) CARE
(c) ICRA
(d) All the above.
Answer: All the above
13. What is 'NIKKEI'?
(a) Foreign Exchange Market of Japan.
(b) Japanese name of country's Planning Commission.
(c) Name of Japanese Central Bank.
(d) Share Price Index of Tokyo Stock Exchange.
Answer: Share Price Index of Tokyo Stock Exchange.
14. Bank rate is the rate of interest at which
(a) a bank lends to the public.
(b) the Reserve Bank of India lends to the public.
(c) the Government of India lends to other countries.
(d) the Reserve Bank of India rediscounts the bill of commercial banks.
Answer: the Reserve Bank of India rediscounts the bill of commercial banks
15. Ninth Five Year Plan period is between
(a). 1996-2001
(b). 1997-2002
(c). 1999-2000
(d). 1998-2004
Answer: 1997-2002
16. What is the target growth rate as envisaged in the Ninth Five Year Plan?
(a). 6%
(b). 5.6%
(c). 5.8%
(d). 6.5%
Answer: 6.5%
17. The main and the final aim of Land Reform is
(a). abolition of intermediaries
(b). fixing ceiling on land holding
(c). fixation of fair rent
(d). making tillers as the owners of the land
Answer: making tillers as the owners of the land
18. "FERA"stands for
(a). Foreign Exchange Regulation Act
(b). Foreign Exchange Restrictions Act
(c). Foreign Exchange Reserves Act
(d). All of these
Answer: Foreign Exchange Regulation Act
19. Octrol refers to
(a). Tax
(b). Industry
(c). Agriculture
(d). All of these
Answer: Tax
20. The total number of nationalised banks in India is
(a). 14
(b). 20
(c). 22
(d). 27
Answer: 20
21. The second nationalisation of banks took place in the year
(a). 1980
(b). 1997
(c). 1959
(d). 1974
Answer: 1980
22. In India, Policy of Population Control was introduced in
(a). 1971
(b). 1967
(c). 1956
(d). 1974
Answer: 1971
23.Which is not related to industries?
(a). SIPCOT
(b). TANSITIA
(c). CIPKO
(d). SIDCO
Answer: CIPKO
24. All loses and expenses are
(a). debited
(b). credited
(c). both debit and credit
(d). no entry
Answer: debited
25.The per capita income is
(a). National income x population
(b). Population/ National income
(c). National income/ Population
(d). none of these
Answer: National income/ Population
26. Consider the following statements
Assertion (A):India is one of the leading industrial countries among the developing countries
Reason (R): Government of India has neglected altogether the traditional craft industries
Now select the answer using the codes scheme given below:
(a). Both (A) and (R) are true, and (R) is the correct explanation
(b). Both (A) and (R) are true, and (R) is not the correct explanation
(c). (A) and (R) are false
(d). (A) is true, but (R) is false
Answer: (A) is true, but (R) is false
27. Who said that "Financial emergency provisions were serious threat to the financial autonomy of the states?
a. H. N. Kunzru
b. H.V. Kamath
c. K.T.Shah
d. B.R. Ambedkar
Answer: H. N. Kunzru
28. Mutual funds are regulated in India by which among the following?
A:-RBI
B:-SEBI
C:-Stock Exchanges
D:-UTI
Correct Answer:- Option-B
29:-Contigent valuation method is also known as
A:-Non-hypothetical method
B:-Contigent ranking method
C:-Travel cost method
D:-Willingness to pay method
Ans: D
30:-A pure economic loss with no corresponding gains elsewhere in the economy is
A:-Capital loss
B:-Devaluation
C:-Depreciation
D:-Dead weight loss
Ans:D
31:-Which of the following best describes the methodology of Microeconomics?
A:-Dynamic, descriptive and general equilibrium
B:-Static, predictive and partial equilibrium
C:-Comparative static, descriptive and partial equilibrium
D:-Dynamic, predictive and general equilibrium
Ans: C
32:-In the case of Giffen goods substitution effect is
A:-Smaller than income effect
B:-Greater than income effect
C:-Equal to income effect
D:-None of the above
Ans: A
33:-''Beautiful mind'' is the biography of which mathematical genius who won Nobel Prize in Economics
A:-James Heckman
B:-John F. Nash
C:-James M. Mirless
D:-Kenneth J. Arrow
Ans: B
34:-A dynamic demand function postulates
A:-Consistency in preferences
B:-Lagged values of demand and income
C:-Transitivity in choice
D:-Strong ordering of preferences
Ans: B
35:-If income is either Rs. 250 with probability p=0.40 or Rs. 2,500 the expected income is
A:-Rs. 2,000
B:-Rs. 1,800
C:-Rs. 1,500
D:-Rs. 1,600
Ans: D
36:-Which of the following circumstances in an industry will result in Nash equilibrium?
A:-All firms have a dominant strategy and each firm chooses it
B:-All firms have a dominant strategy and only one firm choose it
C:-All firms have a dominant strategy and no firm chooses it
D:-None of these
Ans: A
37:-Marginal Revenue Product of a factor of production is
A:-The total revenue generated when one more unit of a factor is employed
B:-Change in the average revenue when an additional unit is employed
C:-Total revenue per factor when one more unit is hired
D:-Change in total revenue when an additional unit is used
Ans: D
38:-Market power is least for the seller in case of
A:-Perfect competition
B:-Bilateral monopoly
C:-Oligopoly
D:-Monopsony
Ans: D
39:-The short run average cost curve has a flat stretch over a range of output because of the existence of
A:-Excess capacity
B:-Reserve capacity
C:-Full capacity utilization
D:-Efficiency in resource use
Ans: B
40:-In a Pareto optimal situation
A:-It is possible to make A or B better off without making any one of them worse off
B:-It is possible to make A or B better off by making any one of them worse off
C:-It is impossible to make A or B better off without making any one of them worse off
D:-It is impossible to make A or B worse off in order to make any one of them better off
Ans: C
41:-The value of Marginal propensity to consume is
A:->1
B:-between 0 and 1
C:-between 1 and 2
D:-none of the above
Ans: B
42:-Which of the following schools of thought follow adaptive expectations?
A:-New Classical
B:-Real Business Cycle
C:-New Keynesian
D:-Orthodox Monetarist
Ans: D
43:-Insider outsider model explains
A:-Insider trading
B:-Internal and external trade
C:-Wage rigidity
D:-Interest elasticity of investment
Ans: C
44:-Classical economists believed in
A:-Market clearing
B:-Says law of markets
C:-Neutrality of money
D:-All of the above
Ans: D
45:-The concept of Natural Rate of unemployment is primarily associated with
A:-Milton Friedman
B:-George Akerlof
C:-Bohm Baverk
D:-Mises-Hayek
Ans: A
46:-In the region of liquidity trap the interest elasticity of money is
A:-0
B:-very low
C:-very high
D:-none of the above
Ans: C
47:-Phillips curve shows the relation between
A:-tax rate and total revenue
B:-inflation and unemployment
C:-interest rate and investment
D:-income and consumption
Ans: B
48:-Which of the following schools believe that forces determining trend growth in an economy are not different
from those causing fluctuations so that they consider analysis of growth inseparable from analysis of fluctuations in
economic activity?
A:-Real business cycle
B:-Keynesian
C:-Monetarist
D:-All of the above
Ans: A
49:-Post Keynesians believe that Fluctuations in economic activity arise due to
A:-Demand side factors
B:-Supply side factors
C:-Both demand and supply side factors
D:-None of the above
Ans: C
50:-Relative income hypothesis is primarily associated with
A:-Milton Friedman
B:-J.S. Duesenberry
C:-F. Modigliani
D:-M.J. Farrel
Ans: B
A:-RBI
B:-SEBI
C:-Stock Exchanges
D:-UTI
Correct Answer:- Option-B
29:-Contigent valuation method is also known as
A:-Non-hypothetical method
B:-Contigent ranking method
C:-Travel cost method
D:-Willingness to pay method
Ans: D
30:-A pure economic loss with no corresponding gains elsewhere in the economy is
A:-Capital loss
B:-Devaluation
C:-Depreciation
D:-Dead weight loss
Ans:D
31:-Which of the following best describes the methodology of Microeconomics?
A:-Dynamic, descriptive and general equilibrium
B:-Static, predictive and partial equilibrium
C:-Comparative static, descriptive and partial equilibrium
D:-Dynamic, predictive and general equilibrium
Ans: C
32:-In the case of Giffen goods substitution effect is
A:-Smaller than income effect
B:-Greater than income effect
C:-Equal to income effect
D:-None of the above
Ans: A
33:-''Beautiful mind'' is the biography of which mathematical genius who won Nobel Prize in Economics
A:-James Heckman
B:-John F. Nash
C:-James M. Mirless
D:-Kenneth J. Arrow
Ans: B
34:-A dynamic demand function postulates
A:-Consistency in preferences
B:-Lagged values of demand and income
C:-Transitivity in choice
D:-Strong ordering of preferences
Ans: B
35:-If income is either Rs. 250 with probability p=0.40 or Rs. 2,500 the expected income is
A:-Rs. 2,000
B:-Rs. 1,800
C:-Rs. 1,500
D:-Rs. 1,600
Ans: D
36:-Which of the following circumstances in an industry will result in Nash equilibrium?
A:-All firms have a dominant strategy and each firm chooses it
B:-All firms have a dominant strategy and only one firm choose it
C:-All firms have a dominant strategy and no firm chooses it
D:-None of these
Ans: A
37:-Marginal Revenue Product of a factor of production is
A:-The total revenue generated when one more unit of a factor is employed
B:-Change in the average revenue when an additional unit is employed
C:-Total revenue per factor when one more unit is hired
D:-Change in total revenue when an additional unit is used
Ans: D
38:-Market power is least for the seller in case of
A:-Perfect competition
B:-Bilateral monopoly
C:-Oligopoly
D:-Monopsony
Ans: D
39:-The short run average cost curve has a flat stretch over a range of output because of the existence of
A:-Excess capacity
B:-Reserve capacity
C:-Full capacity utilization
D:-Efficiency in resource use
Ans: B
40:-In a Pareto optimal situation
A:-It is possible to make A or B better off without making any one of them worse off
B:-It is possible to make A or B better off by making any one of them worse off
C:-It is impossible to make A or B better off without making any one of them worse off
D:-It is impossible to make A or B worse off in order to make any one of them better off
Ans: C
41:-The value of Marginal propensity to consume is
A:->1
B:-between 0 and 1
C:-between 1 and 2
D:-none of the above
Ans: B
42:-Which of the following schools of thought follow adaptive expectations?
A:-New Classical
B:-Real Business Cycle
C:-New Keynesian
D:-Orthodox Monetarist
Ans: D
43:-Insider outsider model explains
A:-Insider trading
B:-Internal and external trade
C:-Wage rigidity
D:-Interest elasticity of investment
Ans: C
44:-Classical economists believed in
A:-Market clearing
B:-Says law of markets
C:-Neutrality of money
D:-All of the above
Ans: D
45:-The concept of Natural Rate of unemployment is primarily associated with
A:-Milton Friedman
B:-George Akerlof
C:-Bohm Baverk
D:-Mises-Hayek
Ans: A
46:-In the region of liquidity trap the interest elasticity of money is
A:-0
B:-very low
C:-very high
D:-none of the above
Ans: C
47:-Phillips curve shows the relation between
A:-tax rate and total revenue
B:-inflation and unemployment
C:-interest rate and investment
D:-income and consumption
Ans: B
48:-Which of the following schools believe that forces determining trend growth in an economy are not different
from those causing fluctuations so that they consider analysis of growth inseparable from analysis of fluctuations in
economic activity?
A:-Real business cycle
B:-Keynesian
C:-Monetarist
D:-All of the above
Ans: A
49:-Post Keynesians believe that Fluctuations in economic activity arise due to
A:-Demand side factors
B:-Supply side factors
C:-Both demand and supply side factors
D:-None of the above
Ans: C
50:-Relative income hypothesis is primarily associated with
A:-Milton Friedman
B:-J.S. Duesenberry
C:-F. Modigliani
D:-M.J. Farrel
Ans: B
51:-Two unbiased dies are tossed simultaneously, what is the probability that the sum of the outcomes would be
eleven
A:-1/4
B:-1/18
C:-1/36
D:-1/6
Ans: B
52:-The value of second order differential of (Total Revenue - Total Cost) a profit maximiser will be
A:-zero
B:-positive
C:-negative
D:-not defined
Ans: C
53:-The difference between collected data and actual value is called
A:-random error
B:-statistical error
C:-sampling error
D:-both (2) and (3)
Ans: D
54:-Which of the following is known as parametric test?
A:-F-test
B:-Z-test
C:-t-test
D:-All the above
Ans: D
55:-Inverse probability is also known as
A:-Bayesian probability
B:-Neyman probability
C:-Egon probability
D:-Poisson probability
Ans: A
56:-In a college 60% of the students play football, 50% of the students play basketball, 30% of the students play
both football and basketball. Find the probability that students play neither of the sports
A:-80
B:-0.90
C:-0.50
D:-0.20
Ans: D
57:-In a regression involving time series data with successive observations showing interdependency, i.e. `"E
(U_iU_j)" !=0` this is popularly known as
A:-Linear correlation
B:-Auto correlation
C:-Non-linearcorrelation
D:-Multicollinearity
Ans: B
58:-In economic analysis when dependent variables are essentially qualitative we make use of
A:-Spearman Co-efficient
B:-Quality variables
C:-Dummy variables
D:-Estimator
Ans: C
59:-Accepting a hypothesis which is false is called
A:-Type I Error
B:-Type II Error
C:-Absolute error
D:-More information required
Ans: B
60:-In matrix, inverse is defined only in case of
A:-Singular matrix
B:-Non-singular matrix
C:-Row matrix
D:-Plural matrix
Ans: B
61:-The official call for a New International Economic Order was first originated by
A:-UN General Assembly in 1974
B:-UNIDO in 1975
C:-IMF in 1980
D:-UNCTAD in 1987
Ans: A
62:-The degree of inequality is measured using
A:-Kuznet's inverted U curve
B:-Offer curve
C:-Lorenz curve
D:-Laffer curve
Ans: C
63:-An index which combines a measure of income per head with measures of life expectancy and adult literacy
A:-HPI
B:-HDI
C:-PGI
D:-PQLI
Ans: B
64:-'Life sustenance, Self-esteem and freedom are the basic components or core values of development' is the
concept originally introduced by
A:-Amartya Sen
B:-Arthur Lewis
C:-D Goulet
D:-Michael P Todaro
Ans: C
65:-If the ratio of marginal product is the same at the capital to labour ratio and equal proportional amounts of the
two factors are saved, then it is
A:-Labour Saving Technical Progress
B:-Capital Saving Technical Progress
C:-Neutral Technical Progress
D:-Inventive and Innovative Technical Progress
Ans: C
66:-Who authored the book "Economic Development with Unlimited Supplies of Labour"?
A:-T.W. Schultz
B:-Mark Blaug
C:-John Fei and Gustav Ranis
D:-Arthur Lewis
Ans: D
67:-The relationship between the growth of productivity and growth of industry is referred to as
A:-Verdoon's law
B:-Wagner's law
C:-Okun's law
D:-Law of variable proportions
Ans: A
68:-The process of economic development is regarded as a 'Chain of Dis-equilibria' is associated with
A:-Ragnar Nurkse
B:-A.O. Hirshman
C:-P.N. Rosenstein Rodan
D:-H. Leibenstein
Ans: B
69:-India's 3rd Five Year Plan is said to be based on
A:-Domar Model
B:-Feldman Model
C:-Ashok Rudra Model
D:-S. Chakravarthy Model
Ans: D
70:-The synchronized allocation of available capital in every sectors to meet the target of economic development in
UDCs, is the idea behind
A:-Big Push Theory
B:-Balanced Growth Strategy
C:-Unbalanced Growth Strategy
D:-Critical Minimum Effort Thesis
Ans: B
71:-The only state where females outnumber males is
A:-Karnataka
B:-Kerala
C:-Tamilnadu
D:-Bihar
Ans: B
72:-Economic reforms were started in India in
A:-1991
B:-1992
C:-1993
D:-1994
Ans: A
73:-The second five year plan gave priority to
A:-Agriculture
B:-Heavy capital goods industries
C:-Services
D:-Tourism
Ans: B
74:-HDI is related to measure
A:-Economic growth
B:-Economic development
C:-Underdevelopment
D:-Stationary State
Ans: B
75:-Lorenz curve measures
A:-Economic equality
B:-Economic inequality
C:-Income inequality
D:-All of the above
Ans: C
76:-According to the latest study "Kerala Migration Survey 2011" ________ lakhs Kerala emigrants are living abroad
in 2011.
A:-20.1
B:-19.2
C:-22.8
D:-21.8
Ans: C
77:-Of the total persons employed in the Kerala State Government how many percent are women?
A:-32.5
B:-33.7
C:-37.2
D:-38.57
Ans: D
78:-National population policy of India was formulated in
A:-2000
B:-2001
C:-1999
D:-1998
Ans: A
79:-The fiscal deficit of Rs. 7731 crores of Kerala in 2010-11 was financed mainly by
A:-Market borrowings and from PF and small savings
B:-Borrowings from LIC
C:-Issue of bonds
D:-None of the above
Ans: A
80:-The Finance Commission of India is appointed once in every
A:-2 years
B:-4 years
C:-10 years
D:-5 years
Ans: D
81:-Raymond Vernon is associated with
A:-Technological Gap Model
B:-Product Cycle Model
C:-Intra-Industry Model
D:-Factor Endowment Model
Ans: B
82:-A nation's willingness to import and export at various relative commodity prices is shown by
A:-Laffer curve
B:-J curve
C:-BP curve
D:-Offer curve
Ans: D
83:-EURO became the common currency of the European Monetary Union on
A:-1st January 1999
B:-1st January 1989
C:-1st January 2001
D:-1 January 2006
Ans: A
84:-The purchase of a currency from the monetary centre where it is cheaper for immediate resale in the monetary
centre where it is dearer, in order to make a profit is called
A:-Currency swaps
B:-Hedging
C:-Arbitrage
D:-Futures
Ans: C
85:-The most advanced form of economic integration is
A:-Customs Union
B:-Common market
C:-Economic union
D:-Free Trade Area
Ans: C
86:-The Chairman of the 'Committee on Financial Inclusion'
A:-M. Narasimham
B:-Raghuram Rajan
C:-Y.V. Reddy
D:-C. Rangarajan
Ans: D
87:-Which of the following model explains intra-industry trade?
A:-Technological Gap Model
B:-Heckscher-Ohlin Model
C:-Brander Krugman
D:-Mundell-Fleming Model
Ans: C
88:-The absorption approach of balance of payments was contributed by
A:-Sidney Alexander
B:-Meade
C:-Kenneth Arrow
D:-Posner
Ans: A
89:-The ratio of the price of its export commodity to the price of its import commodity is known as
A:-Exchange rate
B:-Comparative advantage
C:-Terms of trade
D:-Gains of trade
Ans: C
90:-According to the Mercantilists' view, international trade was a
A:-Positive sum game
B:-Negative sum game
C:-Zero sum game
D:-None of these
Ans: C
91:-Real Business Cycle Theory is associated with
A:-Keynes
B:-Kydland
C:-Schumpeter
D:-Fischer
Ans: B
92:-Vital statistics is mainly concerned with
A:-Birth rate
B:-Death rate
C:-Fertility rate
D:-All the above
Ans: D
93:-Rejecting `"H_0"` when `"H_0"` is true is called` `
A:-Type I error
B:-Type II error
C:-Power to the test
D:-None of these
Ans: A
94:-The name of Garret Hardin is associated with
A:-Tragedy of commons
B:-Value judgement
C:-Market signalling
D:-General equilibrium
Ans: A
95:-The SEBI established in which year with its Act?
A:-1992
B:-1990
C:-1991
D:-1999
Ans: A
96:-India's official anti-monopoly body is
A:-MRTP commission
B:-Competition commission of India
C:-Monopoly commission
D:-None of the above
Ans: B
97:-The term regression was introduced by
A:-R.A. Fisher
B:-Karl Pearson
C:-Sir Francis Galton
D:-Bowley
Ans: C
98:-During the last decade, the highest growth rate was recorded in India in the
A:-Manufacturing sector
B:-Agriculture and allied activities
C:-Service sector
D:-External sector
Ans: C
99:-The average annual growth rate of the GDP in India during the post reform period is
A:-6.5 percent
B:-4.6 percent
C:-5.0 percent
D:-6.2 percent
Ans: A
100:-The flagship programme to enhance livelihood security of households by providing guaranteed wage employment for at least one hundred days
A:-DWCRA
B:-ULEGP
C:-MGNREGP
D:-PMRY
Ans: C
eleven
A:-1/4
B:-1/18
C:-1/36
D:-1/6
Ans: B
52:-The value of second order differential of (Total Revenue - Total Cost) a profit maximiser will be
A:-zero
B:-positive
C:-negative
D:-not defined
Ans: C
53:-The difference between collected data and actual value is called
A:-random error
B:-statistical error
C:-sampling error
D:-both (2) and (3)
Ans: D
54:-Which of the following is known as parametric test?
A:-F-test
B:-Z-test
C:-t-test
D:-All the above
Ans: D
55:-Inverse probability is also known as
A:-Bayesian probability
B:-Neyman probability
C:-Egon probability
D:-Poisson probability
Ans: A
56:-In a college 60% of the students play football, 50% of the students play basketball, 30% of the students play
both football and basketball. Find the probability that students play neither of the sports
A:-80
B:-0.90
C:-0.50
D:-0.20
Ans: D
57:-In a regression involving time series data with successive observations showing interdependency, i.e. `"E
(U_iU_j)" !=0` this is popularly known as
A:-Linear correlation
B:-Auto correlation
C:-Non-linearcorrelation
D:-Multicollinearity
Ans: B
58:-In economic analysis when dependent variables are essentially qualitative we make use of
A:-Spearman Co-efficient
B:-Quality variables
C:-Dummy variables
D:-Estimator
Ans: C
59:-Accepting a hypothesis which is false is called
A:-Type I Error
B:-Type II Error
C:-Absolute error
D:-More information required
Ans: B
60:-In matrix, inverse is defined only in case of
A:-Singular matrix
B:-Non-singular matrix
C:-Row matrix
D:-Plural matrix
Ans: B
61:-The official call for a New International Economic Order was first originated by
A:-UN General Assembly in 1974
B:-UNIDO in 1975
C:-IMF in 1980
D:-UNCTAD in 1987
Ans: A
62:-The degree of inequality is measured using
A:-Kuznet's inverted U curve
B:-Offer curve
C:-Lorenz curve
D:-Laffer curve
Ans: C
63:-An index which combines a measure of income per head with measures of life expectancy and adult literacy
A:-HPI
B:-HDI
C:-PGI
D:-PQLI
Ans: B
64:-'Life sustenance, Self-esteem and freedom are the basic components or core values of development' is the
concept originally introduced by
A:-Amartya Sen
B:-Arthur Lewis
C:-D Goulet
D:-Michael P Todaro
Ans: C
65:-If the ratio of marginal product is the same at the capital to labour ratio and equal proportional amounts of the
two factors are saved, then it is
A:-Labour Saving Technical Progress
B:-Capital Saving Technical Progress
C:-Neutral Technical Progress
D:-Inventive and Innovative Technical Progress
Ans: C
66:-Who authored the book "Economic Development with Unlimited Supplies of Labour"?
A:-T.W. Schultz
B:-Mark Blaug
C:-John Fei and Gustav Ranis
D:-Arthur Lewis
Ans: D
67:-The relationship between the growth of productivity and growth of industry is referred to as
A:-Verdoon's law
B:-Wagner's law
C:-Okun's law
D:-Law of variable proportions
Ans: A
68:-The process of economic development is regarded as a 'Chain of Dis-equilibria' is associated with
A:-Ragnar Nurkse
B:-A.O. Hirshman
C:-P.N. Rosenstein Rodan
D:-H. Leibenstein
Ans: B
69:-India's 3rd Five Year Plan is said to be based on
A:-Domar Model
B:-Feldman Model
C:-Ashok Rudra Model
D:-S. Chakravarthy Model
Ans: D
70:-The synchronized allocation of available capital in every sectors to meet the target of economic development in
UDCs, is the idea behind
A:-Big Push Theory
B:-Balanced Growth Strategy
C:-Unbalanced Growth Strategy
D:-Critical Minimum Effort Thesis
Ans: B
71:-The only state where females outnumber males is
A:-Karnataka
B:-Kerala
C:-Tamilnadu
D:-Bihar
Ans: B
72:-Economic reforms were started in India in
A:-1991
B:-1992
C:-1993
D:-1994
Ans: A
73:-The second five year plan gave priority to
A:-Agriculture
B:-Heavy capital goods industries
C:-Services
D:-Tourism
Ans: B
74:-HDI is related to measure
A:-Economic growth
B:-Economic development
C:-Underdevelopment
D:-Stationary State
Ans: B
75:-Lorenz curve measures
A:-Economic equality
B:-Economic inequality
C:-Income inequality
D:-All of the above
Ans: C
76:-According to the latest study "Kerala Migration Survey 2011" ________ lakhs Kerala emigrants are living abroad
in 2011.
A:-20.1
B:-19.2
C:-22.8
D:-21.8
Ans: C
77:-Of the total persons employed in the Kerala State Government how many percent are women?
A:-32.5
B:-33.7
C:-37.2
D:-38.57
Ans: D
78:-National population policy of India was formulated in
A:-2000
B:-2001
C:-1999
D:-1998
Ans: A
79:-The fiscal deficit of Rs. 7731 crores of Kerala in 2010-11 was financed mainly by
A:-Market borrowings and from PF and small savings
B:-Borrowings from LIC
C:-Issue of bonds
D:-None of the above
Ans: A
80:-The Finance Commission of India is appointed once in every
A:-2 years
B:-4 years
C:-10 years
D:-5 years
Ans: D
81:-Raymond Vernon is associated with
A:-Technological Gap Model
B:-Product Cycle Model
C:-Intra-Industry Model
D:-Factor Endowment Model
Ans: B
82:-A nation's willingness to import and export at various relative commodity prices is shown by
A:-Laffer curve
B:-J curve
C:-BP curve
D:-Offer curve
Ans: D
83:-EURO became the common currency of the European Monetary Union on
A:-1st January 1999
B:-1st January 1989
C:-1st January 2001
D:-1 January 2006
Ans: A
84:-The purchase of a currency from the monetary centre where it is cheaper for immediate resale in the monetary
centre where it is dearer, in order to make a profit is called
A:-Currency swaps
B:-Hedging
C:-Arbitrage
D:-Futures
Ans: C
85:-The most advanced form of economic integration is
A:-Customs Union
B:-Common market
C:-Economic union
D:-Free Trade Area
Ans: C
86:-The Chairman of the 'Committee on Financial Inclusion'
A:-M. Narasimham
B:-Raghuram Rajan
C:-Y.V. Reddy
D:-C. Rangarajan
Ans: D
87:-Which of the following model explains intra-industry trade?
A:-Technological Gap Model
B:-Heckscher-Ohlin Model
C:-Brander Krugman
D:-Mundell-Fleming Model
Ans: C
88:-The absorption approach of balance of payments was contributed by
A:-Sidney Alexander
B:-Meade
C:-Kenneth Arrow
D:-Posner
Ans: A
89:-The ratio of the price of its export commodity to the price of its import commodity is known as
A:-Exchange rate
B:-Comparative advantage
C:-Terms of trade
D:-Gains of trade
Ans: C
90:-According to the Mercantilists' view, international trade was a
A:-Positive sum game
B:-Negative sum game
C:-Zero sum game
D:-None of these
Ans: C
91:-Real Business Cycle Theory is associated with
A:-Keynes
B:-Kydland
C:-Schumpeter
D:-Fischer
Ans: B
92:-Vital statistics is mainly concerned with
A:-Birth rate
B:-Death rate
C:-Fertility rate
D:-All the above
Ans: D
93:-Rejecting `"H_0"` when `"H_0"` is true is called` `
A:-Type I error
B:-Type II error
C:-Power to the test
D:-None of these
Ans: A
94:-The name of Garret Hardin is associated with
A:-Tragedy of commons
B:-Value judgement
C:-Market signalling
D:-General equilibrium
Ans: A
95:-The SEBI established in which year with its Act?
A:-1992
B:-1990
C:-1991
D:-1999
Ans: A
96:-India's official anti-monopoly body is
A:-MRTP commission
B:-Competition commission of India
C:-Monopoly commission
D:-None of the above
Ans: B
97:-The term regression was introduced by
A:-R.A. Fisher
B:-Karl Pearson
C:-Sir Francis Galton
D:-Bowley
Ans: C
98:-During the last decade, the highest growth rate was recorded in India in the
A:-Manufacturing sector
B:-Agriculture and allied activities
C:-Service sector
D:-External sector
Ans: C
99:-The average annual growth rate of the GDP in India during the post reform period is
A:-6.5 percent
B:-4.6 percent
C:-5.0 percent
D:-6.2 percent
Ans: A
100:-The flagship programme to enhance livelihood security of households by providing guaranteed wage employment for at least one hundred days
A:-DWCRA
B:-ULEGP
C:-MGNREGP
D:-PMRY
Ans: C