Consider the following statements: Bank accepts deposit Bank issues loans and advances Bank is one of the financial institutions Bank are working under the direction of the R.B.I. Of the statements:
I alone is correct✔X
I and II are correct✔X
I,II and III are correct✔X
All are correct✔X
2/50
The document which authorises to release of a portion of goods from the warehouse is called
Delivery order✔X
Warehouse keeper’s receipt✔X
Warehouse keeper’s warrant✔X
Railway receipt✔X
3/50
Federal Finance deals with
State finances✔X
Finances of Railways✔X
Local bodies✔X
Centre-State financial relations✔X
4/50
National income in India is computed by the
Planning Commission✔X
Finance Commission✔X
Central Statistical Organisation✔X
Ministry of Finance✔X
5/50
Saving is determined by
Capital✔X
Investment✔X
Income✔X
Trade✔X
6/50
The book planned Economy of India I 1934 was written by
Morarjee Desai✔X
Pandit Nehru✔X
M. Visweshwaraya✔X
Dr. Dadgil✔X
7/50
The Industries (Regulation and Development) Act was introduced in
1951✔X
1955✔X
1961✔X
1956✔X
8/50
National Rural Employment programme was introduced during
Fifth Five Year Plan✔X
Second Five Year Plan✔X
Third Five Year Plan✔X
Sixth Five Year Plan✔X
9/50
The author who made the statement: “Foreign trade in an engine of Growth” was
Keyanes✔X
Marshall✔X
D.H.Robertson✔X
Pigou✔X
10/50
Seasonal unemployment occurs due to
technological change✔X
seasonal variations✔X
depression✔X
inflation✔X
11/50
Jawahar Rojgar Yojana was introduced in
1975✔X
1981✔X
1965✔X
1989✔X
12/50
Which of the following are the main causes of slow growth of per capita income in India? 1.High rate of capital formation 2.High level of fiscal deficits 3.High rate of growth of population 4.High capital output ratio
I, II and III are correct✔X
III and IV are correct✔X
I,II, III & IV are correct✔X
II & IV are correct✔X
13/50
Which one of the following will directly increase GNP?
An Increase in investment✔X
A surplus budget✔X
A fall in national dept✔X
A rise in the interest rate✔X
14/50
Expenditure on defence is an item of
Public investment✔X
Private investment✔X
Private consumption✔X
Public consumption✔X
15/50
Total outlay planned for public sector during the Eighth Plan (Rs. in Crores) is
2,34,000✔X
3,34,000✔X
4,34,000✔X
5,34,000✔X
16/50
Long –terms loans in India’s Co-operative structure are extended by
Primary Co-operative Societies✔X
Central Bank✔X
State Co-operative Banks✔X
Land Development Banks✔X
17/50
The core slogan of the Seventh Plan was
food, work and productivity✔X
free education for children✔X
five percent growth rate of national income✔X
community development programmes✔X
18/50
Which of the following are among the non-Plan expenditures of the Government of India? 1.Defence expenditures 2.Subsides 3.All expenditures linked with the previous plan periods 4.Interest payment
I and II are correct✔X
I and III are correct✔X
II and IV are correct✔X
I,II, III & IV are correct✔X
19/50
India had a plan holiday between
1947 and 1951✔X
1963 and 1966✔X
1966 and 1969✔X
1971 and 1974✔X
20/50
Which sector’s contribution of National Income is declining in India in recent years?
Primary✔X
Secondary✔X
Tertiary✔X
All the above✔X
21/50
Large Scale industries are those industries where the investment on plan and machinery needed is
10 lakhs✔X
20 lakhs✔X
30 lakhs✔X
more than 35 lakhs✔X
22/50
Which of the following socio-economic factors tend to keep birth rate in India at a high level l . Poverty II. Joint family system III. Urbanisation IV. University of marriage Select your answer:
I & II✔X
I,II & III✔X
I,II & IV✔X
I,II,III & IV✔X
23/50
Which of the following are the cause of low productivity in Indian Agriculture? l.Land ceiling II. Rainfed areas III. Rural industrialisation IV. Sub-division and fragmentation of land holding Select your answer:
II & IV✔X
I & II✔X
II & III✔X
I & IV✔X
24/50
The new name of Agricultural Prices Commission is
Commission for Agricultural Costs and Prices.✔X
Agricultural Costs Commission✔X
Rural Price Commission✔X
Minimum Support Price Commission✔X
25/50
SIDCO is related to the development of
Small Industries✔X
Steel Industries✔X
Soap Industries✔X
Sugar Industries✔X
26/50
CART was set up in 1982 to
Promote apple research✔X
improve the bullock-cart✔X
provide advanced research and training to veterinary doctors✔X
improve technology of rural industries✔X
27/50
Which of the following programmes were started during the Sixth Five Year Plan? 1. NREP II. RLEGP III. IRDP IV. JRY Select your answer:
I & III✔X
II & IV✔X
I,II & III✔X
. I,III & IV✔X
28/50
Match List I with List II correctly and select your answer using the codes given below List I List II 1. MRTP 1. 1951 2. Long term Fiscal Policy 2. 1965 3. Agricultural Prices Commission 3. 1970 4. Industries (Development and Regulation) Act 4. 1985
4 2 3 4✔X
4 3 1 2✔X
3 4 2 1✔X
2 3 4 1✔X
29/50
Match List I with List II correctly and select your answer using the codes given below: List I(Committee) List II (Purpose) 1. Dutt 1. Industrial Licensing Committee 2. Wanchoo Committee 2. Direct Taxes 3. Rajamannar Committee 3. Centre-State Fiscal Relation 4. Charkravarthy Committee 4. Monetary System
4 3 2 1✔X
1 2 4 3✔X
1 2 3 4✔X
4 1 3 2✔X
30/50
Disguised unemployment refers to
persons with on jobs✔X
more persons employed for a job which few can accomplish✔X
unemployment among women✔X
unemployment of people above 60 years of age✔X
31/50
Food for work programme was introduced during the
Fourth Plan✔X
Fifth Plan✔X
Sixth Plan✔X
Seventh Plan✔X
32/50
Which one of the following is correctly matched?
Russia - Dinar✔X
Iraq - Lira✔X
Japan - Yen✔X
Brazil - Franc✔X
33/50
The national income in India is estimated by the
Indian Standards Institution✔X
Indian Statistical Institution✔X
Central Statistical Organisation✔X
National Council of Applied Economic Research✔X
34/50
Which of the following is the largest Mutual Fund Organisation in India?
SBI Mutual Fund✔X
GIC Mutual Fund✔X
Indian Bank Mutual Fund✔X
Unit Trust of India✔X
35/50
India suffered from first oil shock in
1969✔X
1971✔X
1973✔X
1975✔X
36/50
The ‘Garibi Hatao’ Slogan was coined during the
First Plan✔X
Second Plan✔X
Third Plan✔X
Fifth Plan✔X
37/50
The open market operations refer to the sale and purchase by the RBI of
Gold✔X
Foreign Exchange✔X
Government Shares✔X
Government Securities✔X
38/50
The Dunkel Draft was first submitted in its comprehensive form for consideration in
December, 1987✔X
December, 1989✔X
December, 1991✔X
December, 1993✔X
39/50
Indian rupee was last devalued in
January, 1991✔X
March, 1991✔X
May, 1991✔X
July, 1991✔X
40/50
Which of the following factors led to the failure of the Third Plan? l. Chinese aggression II. Indo-Pak conflict III. Devaluation of rupee IV. Poor monsoons Select your answer
I & III only✔X
III & IV only✔X
I,II & IV only✔X
I,II, III & Iv✔X
41/50
Which of the following features of Indian Economy cause problems in the measurement at national income? 1. Illiteracy II. Rapid growth of public sector III. Non-monetised consumption in the villages IV. People holding multiple jobs. Select your answer:
I & II✔X
I,III & IV✔X
I,II & III✔X
II,III & IV✔X
42/50
The purpose of the tenancy reform legislation was to l. Chinese aggression II. Indo-Pak conflict III. Devaluation of rupee IV. Poor monsoons Select your answer
I & III only✔X
III & IV only✔X
I,II& IV only✔X
I,II,III&IV✔X
43/50
Per capita income has been the highest so far in
Maharashtra✔X
Tamil Nadu✔X
Punjab✔X
West Bengal✔X
44/50
The major factor that determines industrial productivity is
Technological✔X
Financial✔X
Natural✔X
Managerial✔X
45/50
The important factor that hinders industrialization in underdeveloped countries is
Political policy✔X
Public administration✔X
Economic environment✔X
International forces✔X
46/50
The important factor responsible for low productivity in agriculture is
demographic factor✔X
technological factor✔X
institutional factors✔X
structural factor✔X
47/50
A noticeable feature of our industrial development has been the
growth of small scale sector✔X
establishment of Iron and Steel Industries✔X
creation of employment opportunities✔X
growth of public sector✔X
48/50
The most important source of energy in India is
Nuclear energy✔X
Petroleum✔X
Coal✔X
Hydro-electricity✔X
49/50
The backbone of all economic activities is
Agriculture✔X
Finance✔X
Industry✔X
Education✔X
50/50
The most rigidly government controlled industry in India is
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