(Miscellaneous)

1. Which of the following is the correct description of the term sex ratio as used in the context of the Census?

(a) Number of males per 1000 females

(b) Number of females per 1000 males

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(c) Number of females per 1000 persons

(d) Number of females in a sample of 1000 persons

(e) None of these

2. In a free economy, inequalities of income are mainly due to

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(a) Private property only

(b) Free competition

(c) Differences in the marginal productivity of labour

(d) Private property and inheritance

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3. The term ‘Paper Gold’ is associated with

(a) Deficit budgeting

(b) Currencies still in gold standard

(c) Special drawing rights of the IMF’

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(d) Special facility of the World Dank

4. Structural unemployment arises due to (S.S.C. 2000)

(a) Deflationary conditions

(b) Heavy industry bias

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(c) Shortage of raw materials

(d) Inadequate productive capacity

5. The marginal productivity theory of wages states that

(a) Wages are determined by the marginal productivity of labour.

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(b) Labour receives a wage equal to the value of its marginal product

(c) The demand for labour is determined by the marginal physical product of labour multiplied by its marginal revenue

(d) Labour receives a wage equal to its marginal physical product

6. If there is an increase in export remittances, there is

(a) Increase in forex reserves also

(b) Decrease in forex reserves

(c) No change in forex reserves

(d) Either increase or decrease in forex reserves

(e) Either decrease or no change in forex reserves

7. on 15th October, 1999, the National Commission on Labour (NCL) was set up under the chairmanship of

(a) Mr. M.R. Maher (b) Mr. Atal Behari Bajpai

(c) Mr. Ravindra Verma (d) Mr. Yashwant Sinha

8. Which of the following is not a characteristic of economically under­developed countries?

(a) High rate of birth.

(b) Low level of literacy.

(c) Low proportion of labour in primary activity.

(d) High use of animate power.

9. Which of the following statements is/are true of bonded labour?

1. It is forced employment in consideration of an advance or interest payment.

2. It is employment arising out of any customary or social or hereditary obligation or by reason of birth in any caste or community involved in pledging labour.

3. It is for any e6onomic consideration involving loss of freedom of contract leading to forced employment.

(a) 1 and 2 (b) 2 and 3

(c) 1 and 3 (d) 1, 2 and 3

10. Division of labour is promoted by (Stenographer’s Exam, 1992)

(a) Limited market (b) Perfect market (c) Extended market (d) Price discrimination

11. Capital output ratio of a commodity measures (C.B.1.1997)

(a) Its per unit of production

(b) The amount of capital invested per unit of output

(c) The ratio of capital depreciation to quantity of output

(d) The ratio of working capital employed to quantity of output

12. Who among the following is known for work in the field of removal of bonded labour? (R.R.B. 1993)

(a) Medha Patkar (b) Swami Agnivesh (c) Mamta Banerji (d) Swami Chinmayananda

13. All of the following are subsidiaries of the State Bank of India, excent

(a) State Bank of Bikaner and Jaipur

(b) Central Bank of India

(c) State Bank of Hyderabad

(d) State Bank of Patiala

14. In gross domestic saving by sector of origin, the four sectors in order of importance are

(a) Household Sector, Public Enterprises, Government Sector, Corporate Sector

(b) Household Sector, Corporate Sector, Government Sector, Public Enterprises

(c) Government Sector, Household Sector, Public Enterprises, Corporate sector

(d) Household Sector, Government Sector, Public Enterprises, Corporate Sector

15. Which of the following characteristics of Indian economy prove that it is an undeveloped economy? (I-A.S. 1990)

(a) India’s per capita income is the lowest

(b) Preponderance of consumption expenditure

(c) Preponderance of agriculture in occupational structure

(d) Prevailing unemployment or underemployment

(e) All of these

16. Which of the following totals would not be included in firm’s profit and loss account?

(a) Overhead costs

(b) Direct costs

(c) Allowance for depreciation of assets

(d) All of the above

17. Which of the following states have achieved almost 100% rural electrification in India? (S.C.R.A. Exam. 1996)

(a) Haryana (b) Kerala

(c) Uttar Pradesh (d) Punjab

Select the answer using the codes given below:

Codes:

(a) A, B and C (b) A, B and D

(c) B, C and D (d) A and D

18. At full employment income, which of the following would be most likely to lead to inflation?

(a) A rise in the propensity to save with no change in investment

(b) An increase in productivity without any increase in wages

(c) A fall in investment with no change in propensity to consume

(d) A fall in taxation with no change in government expenditure

19. Fiduciary issue means

(a) An issue of bank notes not backed by gold

(b) Putting paper money into circulation

(c) An issue of gold coins

(d) None of these

20. A formal evaluation of an individual’s or company’s credit history and capability of repaying obligations is known as (P.C.S. 1994)

(a) Current Ratio (b) Credit Rating

(c) Net Asset Value (d) Amortisation

(e) Cash Credit

21. with the increase in the production of an industrial concern, which of the following increases continuously? (I.A.S. 1990)

(a) Fixed cost (b) Average cost

(c) Variable cost (d) Marginal cost

22. Why was Joint Sector mooted in India?

(a) For mobilizing initiative resources

(b) Because the government was unable to handle all the industries

(c) Because private entrepreneurs were exploiting consumers

(d) None of these

23. The theme of the World Development Report 2001 is (IGNOU, 2002)

(a) Market Planning

(b) Knowledge for Development

(c) Attacking Poverty

(d) The state in the changing world

24. in the Eighth Plan, top priority was given to

(a) Transport (b) Social reforms

(c) Energy (d) Industry and minerals

25. Which book was written by Dadabhai Naoroji on Indian poverty and economic order before independence?

(a) Indian Economy in British India.

(b) Poverty under British Rule in India.

(c) Notes on Poverty in British Ruled India.

(d) Poverty in British India.

26. Among the following, which will constitute ‘ Privatization’? (LA.S. 1990)

1. Offer of shares of SBI to public

2. Appoint a private industrialist as Chairman of Indian Airlines

3. Offer the opportunity to computerize government activities to third party

4. Make public sector industries accountable

(a) 1 & 3 (b) 1 & 2

(c) 1, 2 & 3 (d) 1, 2, 3 & 4

27. Which of the following are features of economic planning in India?

1. Indicative Planning 2. Limited Centralization

3. Democratic Socialism 4. Development Orientation

(a) 3 only (b) 2 & 3

(c) 2,3 & 4 (d) 1, 2, 3 & 4

28. National income of India is compiled by (I-A.S. 91)

(a) Planning Commission (b) Finance Commission

(c) Indian Statistical Institute (d) Central Statistical Organization

29. ‘Interest Rate Policy’ is a component of

(a) Fiscal Policy (b) Monetary Policy

(c) Trade Policy (d) Direct Control

30. Which of following factors is responsible for the biggest problem faced by India’s cotton textile industry?

(a) Obsolete machinery (b) Falling demand

(c) Rising cost of production (d) Competition from handloom sector

31. The measurement of poverty line is based on the criteria of (R.R.B. 1993)

(a) Their dwelling houses (b) The nature of employment

(c) Caloric consumption (d) Level of education

32. The long run in the theory of the firm is

(a) 3 months or over (b) 6 months or over

(c) 5 years or over (d) none of these

33. The Indian Wage Policy is most nearly described as being based on

(a) Productivity (b) Minimum needs

(c) Standard of living (d) Cost of living

34 In capitalism, the price of a commodity is determined by

(a) Production unit.

(b) Consumers of the product.

(c) Share holders of the production unit.

(d) Market mechanism.

35. On which of the following goods, emphasis has been laid in our plans?

(a) Consumer’s goods.

(b) Producer’s goods.

(c) Substitutes for foreign goods.

(d) None of these.

36. The major aim of devaluation is to (S.S.C. 2000)

(a) Encourage imports.

(b) Encourage exports.

(c) Encourage both exports and imports.

(d) Discourage both exports and imports.

37. Plait expenditure in India is met from

(a) Internal borrowing and other measures

(b) External aid from other countries

(c) External aid from IMF

(d) External aid and assistance from OECD countries

38. Which of the following would be ‘fixed cost’ to a manufacturing firm?

(a) Raw materials (b) Replacement of load

(c) Wages (d) Plant and machinery

39. The term ‘Social Costs’ refers to the costs (Bank P.O.1995)

(a) Of training labour force in a society.

(b) Of providing housing, health and sanitation.

(c) Which are shifted by the producers onto society as a whole.

(d) Which are incurred in satisfying society’s needs for basic goods ie food, clothes, houses.

40. Fiscal Policy means the (I-A.S. 1990)

(a) Credit policy

(b) Planning policy

(c) Taxation policy

(d) Policy of expenditure and public debt policy.

41. The RBI uses the following instruments for quantitative control of credit

1. Cash requirement ratio 2. Statutory liquidity ratio 3. Open market operations 4. Margin requirements (a) 1 & 2 (b) 2 & 4

(c) 1.2, & 3 (d) 2,3 & 4

42. Credit creation increases (C.B.1.1994)

(a) Purchasing power of the currency

(b) Real wealth of the community

(c) Real national income

(d) Supply of money

43. The main reason for low growth rate in India, inspite of high rate of savings and capital formation is (I.A.S. 1995)

(a) High birth rate (b) Low level of foreign aid

(c) Low capital / output ratio (d) High capital /output ratio

44. The multiplier is the factor by which

(a) An increase in investment lowers income.

(b) A change in autonomous expenditure changes income.

(c) A change in income changes saving.

(d) A change in income changes investment.

45. under perfect competition (G.I.C.A.A.O 1993)

(a) Any firm can influence price in the market

(b) Any firm can influence supply in the market

(c) Any firm can influence price and supply in the market

(d) No firm can influence price and supply in the market

46. Which of the following are among the non-plan expenditures of the Government of India?

1. Defence expenditure 2. Subsidies 3. All expenditures linked with the previous plan periods 4. Interest payment

(a) 1 & 2 (b) 1 & 3

(c) 2 & 4 . (d) 1,2,3 & 4

47. Economic Planning refers to

(a) The planning of manpower(b) The mobilization of taxes (c) The allocation of resources (d) None of these

48. National Product at market prices is higher than National Product at Factor Cost by the amount of

(a) Indirect taxes

(b) Subsidies

(c) Indirect taxes minus subsidies

(d) Indirect taxes plus subsidies

49. Which of the following best defines what inflation is? (Bank, P. 0.1991)

(a) It is undue increase in quantity of money in proportion to purchasing power as a result of excessive issue of money.

(b) It is deliberate reduction in the value of home currency in relation to foreign currency.

(c) It is an economic measure to stifle competition-selling below cost to get control of market.

(d) It is comparative figure showing cost of living, production prices etc as compared with a base year.

50. Which of the following pairs are correctly matched? (I.A.S. 1995)

1. Increase in foreign exchange reserves monetary expansion

2. Low import growth rate in India Recession in Indian industry

3. Euro issues Shares held by Indian companies in European countries Portfolio investment Foreign institutional investors

(a) 1,2 & 4 (b) 3 & 4

(c) 1, 2 & 3 (d) 1, 2, 3 & 4

ANSWERS

1

(b)

2.(d)

3. (c)

4. (d)

5

(c)

6. (a)

7.(c)

g

(c)

9. (c)

10.(b)

11

(b)

12. (b)

13.(b)

14. (b)

15

(e)

16.(d)

17. (d)

18

(d)

19. (a)

20.(b)

21

(c)

22. (a)

23. (c)

24.(a)

25

(b)

26.(a)

27.(d)

28

(d)

29.(b)

30. (c)

31

(c)

32. (d)

33.(b)

34. (d)

35

(d)

36.(b)

37. (a)

38

(d)

39. (b)

40.(d)

41

(c)

42.(d)

43. (d)

44. (b)

45

(c)

46 (d)

47. (c)

48

(c)

49 (d)

50. (a)