Question 1

Demonetisation has the potential to generate long term benefits in terms of:

Accepted Answer

A)  reduced corruption
B)  greater digitalization of the economy
C)  increased flaws of financial savings
D)  all of the above D

Question 2

The phenomena of increasing prices but declining output and employment indicates:

Accepted Answer

A)  disinflation
B)  stagflation
C)  reflation
D)  open inflation B

Question 3

Which of the following is not a measure to control inflation adopted by the RBI and the Government?

Accepted Answer

A)  monetary policy
B)  financial inclusion
C)  variation in margin requirements
D)  changes in taxation B

Question 4

As per the CSO classification, which of the following does not fall under industrial sector?

Accepted Answer

A)  electricity
B)  gas and water supply
C)  transport and communication
D)  manufacturing

Question 5

Economic depression is usually coupled with:

Accepted Answer

A)  deflation
B)  inflation
C)  stagflation
D)  hyperinflation

Question 6

The government of India refers to the absolute poverty line in terms of:

Accepted Answer

A)  household savings
B)  household consumption
C)  household investment
D)  household income

Question 7

Which of the following is the apex bank of India?

Accepted Answer

A)  sbi
B)  sbt
C)  rbi
D)  icici

Question 8

Inflation implies:

Accepted Answer

A)  rise in budget deficit
B)  rise in moneysupply
C)  rise in general price index
D)  rise in prices of consumer goods

Question 9

Which of the following contributes largest share in the tax revenue of India?

Accepted Answer

A)  service tax
B)  wealth tax
C)  income tax
D)  securities transaction tax

Question 10

Select the scheme which was launched to promote basic education in India and attract children in school going age to attend the classes:

Accepted Answer

A)  pulse polio abhiyan
B)  operation black board
C)  mid-day meal scheme
D)  shiksha sahyog yojana

Question 11

National income estimation in India is the responsibility of

Accepted Answer

A)  nsso
B)  cso
C)  finance ministry
D)  national income committee

Question 12

This is the rate at which RBI borrows money from commercial banks:

Accepted Answer

A)  open market operations
B)  slr
C)  repo rate
D)  reverse repo rate

Question 13

Which one of the following brings out the publication called 'Energy Statistics' from time to time"

Accepted Answer

A)  central power research institute
B)  planning commission
C)  pfcl
D)  central statistical organization

Question 14

What is the level of sex ratio in India as per the Census Report of 2011?

Accepted Answer

A)  930
B)  935
C)  940
D)  945

Question 15

Which one of the following state introduced 'fat tax' for the first time in India?

Accepted Answer

A)  gujarat
B)  kerala
C)  karnataka
D)  haryana

Question 16

In India deficit financing is used for raising resources for:

Accepted Answer

A)  economic development
B)  redemption of public debt
C)  adjustment the balance of payments
D)  reducing the foreign debt

Question 17

Which one of the following institution formulates monetary policy?

Accepted Answer

A)  rbi
B)  finance ministry
C)  sebi
D)  planning commission

Question 18

Which of the authority is entrusted to retain the foreign exchange reserve of the country?

Accepted Answer

A)  sebi
B)  central government
C)  rbi
D)  exim bank

Question 19

Which of the following brings out wholesale Price Index (WPI)

Accepted Answer

A)  the reserve bank of india
B)  the department of economic affairs
C)  the labour bureau
D)  ministry of industry

Question 20

The basic objective of MUDRA bank is to:

Accepted Answer

A)  give priority to sc/st enterprises
B)  funding the unfunded areas
C)  ensuring financial inclusion
D)  all of the above

Exam 2: Economics and Development