Q1
mcq
1 mark
Planning Commission was set up in the year :
- A. 1947
- B. 1950
- C. 1948
- D. 1951
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Q2
mcq
1 mark
Favourable trade means value of exports are __________ than that of Imports.
- A. more or less equal
- B. more
- C. equal
- D. less
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Q3
mcq
1 mark
Mild Inflation is also known as __________.
- A. Creeping Inflation
- B. Walking Inflation
- C. Galloping Inflation
- D. Running Inflation
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Q4
mcq
1 mark
The RBI Headquarters is located at :
- A. Mumbai
- B. Delhi
- C. Bengaluru
- D. Chennai
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Q5
mcq
1 mark
Indicate the contribution of J.M. Keynes to Economics :
- A. Capital
- B. Wealth of Nations
- C. Public Finance
- D. General Theory
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Q6
mcq
1 mark
The Average Propensity to consume is measured by :
- A. Y/C
- B. C/Y
- C. C1Y
- D. C×Y
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Q7
mcq
1 mark
Sources of Secondary data are __________.
- A. Published sources
- B. Unpublished sources
- C. Neither published nor unpublished sources
- D. Both (a) and (b)
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Q8
mcq
1 mark
J.B. Say is a __________.
- A. Modern Economist
- B. Neo Classical Economist
- C. New Economist
- D. Classical Economist
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Q9
mcq
1 mark
Acid rain is one of the consequences of __________.
- A. Land pollution
- B. Air pollution
- C. Noise pollution
- D. Water pollution
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Q10
mcq
1 mark
The term MEC was introduced by :
- A. Ricardo
- B. Adam Smith
- C. Malthus
- D. J.M. Keynes
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Q11
mcq
1 mark
A Commercial Bank is an Institution that provides services :
- A. Accepting deposits
- B. Providing loans
- C. Both (a) and (b)
- D. None of the above
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Q12
mcq
1 mark
GDP deflator = __________.
- A. $\frac{Nominal NDP}{Real NDP} \times 100$
- B. $\frac{Nominal GNP}{Real GNP} \times 100$
- C. $\frac{Nominal NNP}{Real NNP} \times 100$
- D. $\frac{Nominal GDP}{Real GDP} \times 100$
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Q13
mcq
1 mark
Per capita Income is obtained by dividing the National Income by :
- A. Expenditure
- B. Production
- C. GNP
- D. Population of a country
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Q14
mcq
1 mark
Say’s law of Market assumes :
- A. Short-run analysis
- B. Full employment
- C. Imperfect competition
- D. Under employment
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Q15
mcq
1 mark
Trade between two countries is known as __________.
- A. Internal trade
- B. Home trade
- C. External trade
- D. None of the above
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Q16
mcq
1 mark
New Development Bank is associated with :
- A. SAARC
- B. BRICS
- C. ASEAN
- D. WTO
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Q17
mcq
1 mark
The branches of the subject Economics is :
- A. Demand and Supply
- B. Wealth and Welfare
- C. Micro and Macro
- D. Production and Consumption
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Q18
mcq
1 mark
Who will act as the banker to the Government of India ?
- A. ICICI
- B. SBI
- C. RBI
- D. NABARD
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Q19
mcq
1 mark
The Modern State is :
- A. Welfare state
- B. Laissez-faire state
- C. Police state
- D. Aristocratic state
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Q20
mcq
1 mark
The Chairperson of NITI Aayog is __________.
- A. Vice-president
- B. Prime Minister
- C. Finance Minister
- D. President
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Q23
short answer
What is the main feature of rural unemployment ?
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Q24
short answer
What do you mean by propensity to consume ?
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Q31
long answer
Describe the different types of economic systems.
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Q33
short answer
Explain the following in short : (a)Seasonal unemployment (b)Frictional unemployment (c)Educated unemployment
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Q35
short answer
What are the determinants of money supply ?
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Q38
short answer
Write a note on : (a)Climate change (b)Acid rain
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Q39
long answer
Elucidate major cause of vicious circle of poverty with diagram.
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Q40
long answer
Mention the kinds of Multiplier. Give any two uses of multiplier.
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Q41
long answer
(a)Explain the two sector circular flow model with diagram. OR (b)Describe the phases of trade cycle.
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Q42
long answer
(a)Explain the operation of the Accelerator. OR (b)Describe different types of planning.
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Q43
long answer
(a)Explain the role of Commercial Banks in economic development. OR (b)Find the Standard Deviation of the following data : 14, 22, 9, 15, 20, 17, 12, 11
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Q44
long answer
(a)Explain the relationship between Foreign Direct Investment and economic development. OR (b)Write a note on : (i)SAARC (ii)BRICS
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Q45
long answer
(a)Describe Canons of Taxation. OR (b)What are causes of Water Pollution ?
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Q46
long answer
(a)Explain the 3 sector circular flow model with diagram. OR (b)Compare the feature among Capitalism, Socialism and Mix edism.
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Q47
long answer
(a)Describe the functions of Reserve Bank of India. OR (b)Explain primary and secondary functions of Money.
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