Q1
mcq
1 mark
Finance Commission determines :
- A. The resources transfer to the States
- B. The resources transfer to the various departments
- C. The finances of Government of India
- D. None of the above
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Q2
mcq
1 mark
Expansion of NITI Aayog :
- A. National Institute for Tomorrow’s India
- B. National Institute for Transport in India
- C. National Institution for Transforming India
- D. National Institute for Trade in India
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Q3
mcq
1 mark
According to Classical theory, rate of interest is a reward for __________.
- A. Capital
- B. Investment
- C. Saving
- D. Demand
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Q4
mcq
1 mark
Which of the following is not an example of Foreign Direct Investment ?
- A. the purchase of bonds or stock issued by a textile company overseas.
- B. the construction of a new auto assembly plant overseas.
- C. the creation of a wholly owned business firm overseas.
- D. the acquisition of an existing steel mill overseas.
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Q5
mcq
1 mark
PQLI is the indicator of __________.
- A. Economic progress
- B. Economic growth
- C. Economic development
- D. Economic welfare
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Q6
mcq
1 mark
The other name for “Macro Economics” is :
- A. Market Theory
- B. Price Theory
- C. Micro Theory
- D. Income Theory
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Q7
mcq
1 mark
Method of Repayment of Public Debt is __________.
- A. Sinking Fund
- B. Terminal Annuity
- C. Conversion of Loans
- D. All of the above
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Q8
mcq
1 mark
The core of the Classical theory of employment is __________.
- A. Law of Markets
- B. Law of Diminishing Return
- C. Law of Consumption
- D. Law of Demand
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Q9
mcq
1 mark
The country following Capitalism is __________.
- A. India
- B. Russia
- C. China
- D. America
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Q10
mcq
1 mark
The study of alternating fluctuations in business activity is referred to in Economics as :
- A. Recovery
- B. Boom
- C. Trade cycle
- D. Recession
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Q11
mcq
1 mark
The word ‘Statistics’ is used as __________.
- A. Plural
- B. Singular and Plural
- C. Singular
- D. None of the above
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Q12
mcq
1 mark
In 2016, Demonetization of currency includes denominat ions of __________.
- A. ` 1000 and ` 2000
- B. ` 200 and ` 500
- C. ` 500 and ` 1000
- D. All the above
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Q13
mcq
1 mark
The Multiplier is calculated as __________.
- A. 1/(1−MPC)
- B. 1/MPS
- C. 1/MPC
- D. (a) and (b)
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Q14
mcq
1 mark
Environmental goods are __________.
- A. Market goods
- B. Non-market goods
- C. Both (a) and (b)
- D. None of the above
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Q15
mcq
1 mark
MV Stands for :
- A. Supply of Bank money
- B. Demand for money
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Q16
mcq
ations in business activity is referred to in Economics as :
- A. Recovery
- B. Boom
- C. Trade cycle
- D. Recession
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Q16
mcq
BENELUX is a form of :
- A. Common Market
- B. Free trade area
- C. Customs Union
- D. Economic Union
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Q17
mcq
IBRD is otherwise called as :
- A. ASEAN
- B. International Monetary Fund
- C. International Finance Corporation
- D. World Bank
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Q18
mcq
The basic philosophy behind long-term planning is to bring __________ changes in the economy.
- A. Industrial
- B. Financial
- C. Structural
- D. Agricultural
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Q19
mcq
Sustainable Development Goals and Targets are to be achieved by :
- A. 2030
- B. 2020
- C. 2050
- D. 2025
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Q20
mcq
The Agricultural Refinance Development Corporation started functioning from :
- A. June 1, 1963
- B. June 3, 1963
- C. July 1, 1963
- D. July 3, 1963
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Q23
short answer
2 marks
List out any four assumptions of Say’s Law.
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Q27
short answer
2 marks
What do you mean by Balance of Payment ?
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Q28
short answer
2 marks
When and where was SAARC Secretariat established ?
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Q29
short answer
2 marks
What are the social indicators of economic development ?
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Q30
short answer
2 marks
Write down the differences between Descriptive Statistics and Inferential Statistics.
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Q31
short answer
3 marks
Indicate the demerits of Socialism.
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Q32
short answer
3 marks
Explain in brief - NNP at factor cost.
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Q33
short answer
3 marks
What do you mean by aggregate demand ? Mention its components.
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Q34
short answer
3 marks
Differentiate between Autonomous and Induced investment.
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Q35
short answer
3 marks
Explain Demand-Pull and Cost-push inflation.
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Q36
short answer
3 marks
What are the functions of NABARD ?
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Q37
short answer
3 marks
Describe the subject matter of International Economics.
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Q38
short answer
3 marks
Write the agenda of BRICS Summit, 2018.
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Q39
short answer
3 marks
What are the functions of Statistics ?
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Q40
short answer
3 marks
List out any three taxes, that are levied and collected by the Union but assigned to the States, according to Article-269.
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Q42
long answer
5 marks
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Q43
long answer
5 marks
Discuss the various methods of estimating the National Income of a Country.
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Q45
long answer
5 marks
Compare the features among Capitalism, Secularism and Mixedism.
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Q46
long answer
5 marks
Describe the types of unemployment.
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Q47
long answer
5 marks
What are the differences between Marginal Efficiency of Capital and Marginal Efficiency of Investment ?
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Q48
long answer
5 marks
Explain Keynes’ Psychological law of Consumption function with diagram.
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Q49
long answer
5 marks
Explain the differences between Classical theory and Keynes’ theory.
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Q51
long answer
5 marks
Discuss the differences between Internal Trade and International Trade.
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Q52
long answer
5 marks
Describe the different types of Planning.
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Q53
long answer
5 marks
What are the objectives of Monetary Policy ? Explain.
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Q54
long answer
5 marks
What do you mean by GST ? Explain its advantages.
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Q55
long answer
5 marks
State the causes of Land Pollution and mention the remedial measures to control Land Pollution.
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Q56
long answer
5 marks
Calculate the Karl Pearson correlation co-efficient for the following data.
Demand of Product X 23 27 28 29 30 31 33 35 36 39
Sale of Product Y 18 22 23 24 25 26 28 29 30 32
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Q57
long answer
5 marks
Explain the scope of Public Finance.
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