“Bold Kurukshetra-2019” – a military exercise conducted between which of the following countries?:
(A)India-Afganistan✔X
(B) India-Myanmar ✔X
India-Malaysia✔X
(D) India-Singapore✔X
2/50
Who is the present Governor of RBI?
Ajit Doval ✔X
Urjit Patel ✔X
N.S. Vishwanathan✔X
Shaktikanta Das✔X
3/50
3. Which unemployment exists during the downturn phase of trade cycle in the economy?
Seasonal unemployment✔X
Frictional unemployment✔X
Cyclical unemployment (✔X
Technical unemployment✔X
4/50
Who stated that “A Tax is a compulsory payment made by a person or a firm to government without reference to any benefit the payer may derive from government”?
Dalton✔X
Adam Smith✔X
Anatol Murad✔X
J.M. Keynes✔X
5/50
5. Which country introduced Performance budget?
USA✔X
Russia✔X
Japan✔X
China✔X
6/50
which of the following are the methods of redemption of public debt?
Terminal annuity✔X
Conversion of Loans✔X
Repudiation✔X
All the above✔X
7/50
Who wrote the book “The General theory of Employment, Interest and Money”?
Startz✔X
Keynes✔X
Brown✔X
Hicks✔X
8/50
8. The reason for decrease in national income is not due to
Growth of population✔X
Growth of production✔X
Growth of expenditure✔X
Group of consumption✔X
9/50
9. Productivity in Indian Agricultural is low because of
(A) inefficient farming techniques✔X
(B) lack of cheap and easy availability of credit✔X
(C) absence of irrigation over a large part of the sown area✔X
(D) All of these✔X
10/50
Which among the following have the responsibility to maintain the currency and credit system of the country?
Parliament✔X
NITI Aayog✔X
RBI✔X
Finance ministry✔X
11/50
NABARD was established in the year
1980✔X
1981✔X
1982✔X
1983✔X
12/50
12. Sarva Shiksha Abhiyan (SSA), one of the major important educational programme is connected with the
Elementary Education✔X
Higher Education✔X
Vocational Education✔X
Adult Education✔X
13/50
13. Who developed Classical Theory of Employment?
David Richardo✔X
J.S. Mill✔X
J.B.Say✔X
All the above✔X
14/50
“Ratio of money held by public in currency to that they hold in bank deposits” referred about
Currency Deposit Ratio✔X
Reserve Deposit Ratio✔X
Cash Reserve Ratio✔X
Statutory Liquidity Ratio✔X
15/50
Which of the following is not the source of revenue of Corporation?
(A) Property tax✔X
(B) Income from Exhibitions✔X
(C) Octroi and Terminal Tax✔X
(D) Theatre and Show Tax✔X
16/50
Under whose chairmanship the Reserve Bank of India constituted a High-powered committee to study the urban cooperative banks?
Rangarajan✔X
Gandhi✔X
Raghuram Raja✔X
Yashwant Sinha✔X
17/50
The policy of non intervention of the Government in production activities is called
Laissez-Faire Policy✔X
Macro Economic Policy✔X
Monetary Policy✔X
Government Policy✔X
18/50
Which of the following is not a function of RBI?
Lender of last resort✔X
Act as clearing house✔X
Managing government securities✔X
Advancing loans to individual✔X
19/50
Who are the gainers during Inflation?
Fixed-income groups✔X
Investors✔X
Creditor✔X
Debtor✔X
20/50
According to World Bank Report, Gross National Income Per Capita ranging between $906 and $11,115 is
Under developed country✔X
Low income country✔X
Middle income country✔X
High income country✔X
21/50
21. Which type of inflation does not make any dangerous to economy?
Galloping inflation✔X
Creeping inflation✔X
Running inflation✔X
None of these✔X
22/50
22. The Industries engaged in entraction of iron ore are known as
(A) Construction Industries✔X
(B) Manufacturing Industries✔X
(C) Extraction Industries✔X
(D) Genetic Industries✔X
23/50
23. Which of the following are the measure to Control Inflation?
(A) Increase in bank rate, Decrease in repo rate✔X
(B) High cash reserve ratio, Sale of Government securities in open market✔X
(C) Decrease in bank rate, Increase in repo rate✔X
(D) Low cash reserve ratio, High margin requirements✔X
26. Selling equity shares of public sector enterprises refers to
Bull market✔X
Exchange of shares✔X
Disinvestment✔X
Open market operations✔X
27/50
In calculating the country’s GNP at market prices which one of the following is not included?
subsidies✔X
wages and salaries before tax✔X
indirect taxes✔X
depreciation allowance✔X
28/50
Lack of demand for the product or shift in demand to other products causes which type of unemployment?
Technical unemployment✔X
Structural unemployment✔X
Temporary unemployment✔X
Educated unemployment✔X
29/50
RBI was nationalised in the year
1 January, 1949✔X
1 July, 1949✔X
1 August, 1949✔X
1 January, 1950✔X
30/50
In India, One Rupee notes are signed by
President of India✔X
Prime Minister✔X
Finance Minister✔X
Secretary of the Ministry of Finance✔X
31/50
31. Which of the following is not a quantitative measure to control the credit?
(A) Bank Rate✔X
(B) Moral Suasion✔X
(C) Open market operation✔X
(D) Variable Cash Reserve Ratio✔X
32/50
32. Variable Cash Reserve Ratio as an objective of Monetary Policy was first suggested by
(A) Adam Smith✔X
(B) Alfred Marshall✔X
(C) J.M. Keynes✔X
D) Fisher✔X
33/50
The respective share of Central Government, State Government and Sponsoring Commercial Bank in Regional Rural Bank (RRB’s) capital is
(A) 50%,35%,15%✔X
(B) 50%,15%,35%✔X
(C) 50%,20%,30%✔X
(D) 50%,30%,20%✔X
34/50
Match the following: (a) 1949 - 1. Nationalisation of 14 commercial banks (b) 1969 - 2. Nationalisation of RBI (c) 1980 - 3. Nationalisaiton of wholesale wheat trade (d) 1973 - 4. Nationalisation of 6 Commercial bank
(A) 2 4 1 3✔X
(B) 2 1 4 3✔X
(C) 3 1 4 2✔X
(D) 1 2 3 4✔X
35/50
35. Which of the following is not a role of Commercial Banks?
A) Creation of Credit✔X
B) Channelizing the Funds✔X
(C) Regulation of Consumer Credit✔X
(D) Banks Monetize Debt✔X
36/50
36. Agricultural Refinance Development Corporation was established on
January 1, 1963✔X
March 1, 1963✔X
April 1, 1963✔X
July 1, 1963✔X
37/50
37. Which of the following are source of revenue of Village Panchayat?
Profession Tax✔X
General Property Tax✔X
Taxes on Land✔X
All the above✔X
38/50
38. What is India’s rank in UN’s Human Development Index (2018)?
129✔X
130✔X
131✔X
132✔X
39/50
Match the following (a) Brown Revolution - 1. Shrimp (b) Pink Revolution - 2. Oilseeds (c) Golden Revolution - 3. Leather (d) Yellow Revolution - 4. Fruits
(A) 3 1 2 4✔X
(B) 3 1 4 2✔X
(C) 1 3 2 4✔X
(D) 4 1 2 3✔X
40/50
A developing economy has which of the following features. 1. Low per capita income, chronic unemployment,occupational pattern 2. Population pressure 3. High percapita income and high GDP leve
(A) 1 and 2✔X
B) 2 and 3✔X
(C) 1 and 3✔X
D) None of these✔X
41/50
41. Which is a combination of stagnant economic growth, unemployment and high inflation?
Inflation✔X
Disinflation✔X
Deflation✔X
Stagflation✔X
42/50
42. Choose the incorrect pair
(A) Harrod-Domar - Third Five Year Plan✔X
(B) Disguised Unemployment - Marginal productivity is zero✔X
(C) J.M. Keynes - Father of Modern Macro Economics✔X
(D) First Planning Commission Chairman - Jawaharlal Nehru✔X
43/50
43. Which of the following tax is not a Union Revenue Sources?
(A) Corporate Tax✔X
(B) Capitation Tax✔X
(C) Excise Duty on Tobacco✔X
(D) Foreign Loans✔X
44/50
Identify the incorrect statement: 1. Article 280 states about Finance Commission 2. 14th Finance Commission setup in 2013 and its period is 1st April 2015 to 31st March 2020
1 only✔X
2 only✔X
Both 1 and 2✔X
None of these✔X
45/50
Who defined that “An economy is a cooperation of producers and workers to make goods and services that satisfy the wants of the consumers”?
Alfred Marshall✔X
Adam Smith✔X
J.R.Hicks✔X
J.M. Keynes✔X
46/50
46. Which of the following countries is/are socialist economies?
Russia✔X
Vietnam✔X
Poland✔X
All the above✔X
47/50
47. Price level rises moderately and the Annual Inflation Rate 3%-9% referred as
Walking inflation✔X
Running inflation✔X
Moderate inflation✔X
Galloping inflation✔X
48/50
Choose the correct statement: 1. Economic development concerns on quantitative aspects 2. Economic growth concerns on quantitative as well as qualitative aspect
1 only✔X
2 only✔X
Both 1 and 2✔X
None of these✔X
49/50
M1 refers to
(A) Savings deposits, Demand deposits, Currency✔X
(B) Currency, Coins and Demand deposits✔X
(C) Cooperative bank, Demand deposits, Currency✔X
(D) Savings deposits with post office, Time deposits of commercial bank✔X
50/50
50. Who among the following is Vice-Chairman of NITI Aayog?
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