Q1
mcq
1 mark
The sum of the MPC and MPS is :
- A. 0.1
- B. 1
- C. 1.1
- D. 2
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Q2
mcq
1 mark
GST is equivalence of :
- A. Income tax
- B. Sales tax
- C. Local tax
- D. Corporation tax
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Q3
mcq
1 mark
Structural unemployment is a feature in a __________.
- A. Dynamic society
- B. Static society
- C. Mixed economy
- D. Socialist society
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Q4
mcq
1 mark
Identify the economic system, where only private ownership of production exists.
- A. Globalist Economy
- B. Capitalist Economy
- C. Mixed Economy
- D. Socialist Economy
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Q5
mcq
1 mark
If the values of two variables move in the same direction, it is said to be __________ correlation.
- A. multiple
- B. negative
- C. simple
- D. positive
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Q6
mcq
1 mark
Foreign Direct Investments not permitted in India is :
- A. Pharmaceutical
- B. Banking
- C. Insurance
- D. Atomic energy
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Q7
mcq
1 mark
Central Bank is __________ authority of any country.
- A. Wage
- B. Monetary
- C. National Income
- D. Fiscal
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Q8
mcq
1 mark
Inflation means :
- A. Value of money is increasing
- B. Prices are rising
- C. Prices are remaining the same
- D. Prices are falling
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Q9
mcq
1 mark
The average propensity to consume is measured by :
- A. Y/C
- B. C/Y
- C. C+Y
- D. CY
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Q10
mcq
1 mark
Which of the following does not come under ‘Six dialogue partners’ of ASEAN ?
- A. India
- B. China
- C. North Korea
- D. Japan
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Q11
mcq
1 mark
Planning Commission was set up in the year __________.
- A. 1947
- B. 1950
- C. 1948
- D. 1951
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Q12
mcq
1 mark
Hearing loss is the effect of __________ pollution.
- A. water
- B. noise
- C. land
- D. air
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Q13
mcq
1 mark
Who is regarded as “Father of Modern Macro Economics” ?
- A. Ragnar Frisch
- B. Adam Smith
- C. Karl Marx
- D. J.M. Keynes
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Q14
mcq
1 mark
Exchange rates are determined in :
- A. Stock market
- B. Money market
- C. Capital market
- D. Foreign Exchange market
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Q15
mcq
1 mark
Income method is measured by summing up of all forms of __________.
- A. Expenditure
- B. Production
- C. Income
- D. Taxes
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Q16
mcq
1 mark
Econometrics is the word coined by :
- A. Karl Pearson
- B. Francis Galton
- C. Spearman
- D. Ragnar Frisch
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Q17
mcq
1 mark
The other name for Special Drawing Rights is :
- A. Voluntary export restrictions
- B. Paper gold
- C. Patents
- D. Quotas
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Q18
mcq
1 mark
Short-term plan is also known as __________.
- A. Rolling plans
- B. Controlling plans
- C. De-rolling plans
- D. De-controlling plans
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Q19
mcq
1 mark
__________ flexibility brings equality between savings and investment.
- A. Capital
- B. Demand
- C. Rate of Interest
- D. Supply
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Q20
mcq
Irving Fisher’s Quantity Theory of Money was popularized in :
- A. 1911
- B. 1908
- C. 1914
- D. 1910
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Q22
short answer
2 marks
What is Plastic Money ? Give example.
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Q24
short answer
2 marks
Why is ‘self consumption’ difficult in measuring National Income ?
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Q25
short answer
2 marks
Give short note on Frictional Unemployment.
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Q26
short answer
2 marks
Mention the functions of Agriculture Credit department.
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Q28
short answer
2 marks
Specify the meaning of Seed ball.
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Q29
short answer
2 marks
Write a note on ‘Zero based budget’.
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Q31
short answer
3 marks
Differentiate between Personal and Disposable Income.
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Q33
short answer
3 marks
Point out any three differences between Direct taxes and Indirect taxes.
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Q34
short answer
3 marks
State the objectives of Foreign Direct Investment.
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Q36
short answer
3 marks
State briefly the functions of SAARC.
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Q37
short answer
3 marks
What are the functions of NITI Aayog ?
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Q38
short answer
3 marks
Write any three characteristics of Tax.
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Q39
short answer
3 marks
State and explain the different kinds of Correlation.
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Q41
long answer
5 marks
Calculate the Karl Pearson’s coefficient of correlation for the following data and explain. Price x 10 12 14 15 19 Supply y 40 41 48 60 50
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Q42
long answer
5 marks
Explain the importance of National Income.
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Q43
long answer
5 marks
Describe the functions of Reserve Bank of India.
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Q44
long answer
5 marks
Explain the “Vicious Circle of Poverty” with diagram.
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Q45
long answer
5 marks
Narrate the equilibrium between ADF and ASF with diagram.
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Q46
long answer
5 marks
Discuss the role of WTO in India’s Socio-economic development.
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Q47
long answer
5 marks
Critically explain Say’s Law of Market.
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Q48
long answer
5 marks
Explain the components of Balance of Payments account.
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Q49
long answer
5 marks
Describe the phases of Trade Cycle.
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Q50
long answer
5 marks
Write a note on : (i)Public Debt (ii)Primary deficit
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Q51
long answer
5 marks
Explain the importance of Sustainable development and its goals.
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Q52
long answer
5 marks
Briefly explain the objective factors of Consumption function.
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Q53
long answer
5 marks
Discuss the scope of Macro Economics.
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Q54
long answer
5 marks
Bring out the arguments against Planning.
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