Investment which firms are planning to invest in an economy is known as:

1. Ex-post Investment

2. Ex-post Saving

3. Ex-ante Investment

4. Ex-ante Saving

Arrange the following events in their ascending order of occurrance:

A. Global Warming

B. Deforestation

C. Increasing population

D. Increase in greenhouse gases

E. Increase in demand for fuel

Choose the correct answer from the options given below:

1. C, E, B, D, A

2. A. D. B, E, C

3. E. D. C. B. A

4. A,B,C,D,E

Tax imposition on goods leads to a proportionate rise in prices refers to which of the following concept:

1. Progressive Effect

2. Repressive Effect

3. Proportionate Effect

4. Cascading Effect

Sunil Kumar went to his bank to deposit ₹10,00,000. On acceptance of this deposit by the ICICI Bank, RBI asked the ICICI bank to keep ₹2,00,000 as reserves. The amount of ₹2,00,000 represents:

1. Statutory Liquidity Ratio (SLR)

2. Internal Rate of Return (IRR)

3. Cash Reserve Ratio (CRR)

4. Legal Reserve Requirements (LRR)

Which of the following is not an assumption of the production possibility frontier

1. Resources are fixed

2. Stock of technological knowledge keeps increasing

3. Resources are fully and effeciently employed

4. Stock of technological knwoledge is given

Consider the following as a facts related to problems of excess demand/deficit demand, their measures and propensity to consume

A. APC=0 when APS=1

B. Margin requirement is one of the monetary tools.

C. RBI will increase SLR in case of underemployment equilibrium.

D. At Break Even Point, APC=Unity.

E. Government reduces CRR to overcome the problems of deficient demand.

Choose the correct answer from the options given below:

1. B, C and E only

2. B and D only

3. C, D and E only

4. B. D and E only

_____ are things a firm owns or what a firm can claim from other

1. Assets

2. Liabilities

3. Deposits

4. Reserves

Suppose a consumer can afford to buy 8 units of good X and 10 units of good Y. She spends her entire income. The prices of two goods are 7 and 9 respectively. The consumer's income is

1. ₹142

2. ₹146

3. ₹143

4. ₹145

When firms are taxed on a proportional basis, it is

1. Direct tax

2. Income tax

3. Indirect tax

4. Progressive tax

When percentage change in quantity demanded is less than the percentage change in price i.e., if the good is price inelastic, the expenditure on the good would ?

Identify the correct option from the following:

1. Change in opposite direction as the price change

2. Change in same direction as the price change

3. Change in reverse direction to income

4. Remain unchanged

The government sector affects the personal disposable income of households by making transfers and collecting taxes

The above statement refers to which objective of the government budget?

1: Allocation function

2. Redistribution function

3. Stabilisation function

4. Management of public enterprises

Privatisation of the public sector enterprises by selling off the part of the equity of pse to the public is known as

1. Demonetization

2. Disinvestment

3. Liberalisation

4. Privatisation

Percentage of deposits which commercial bank must keep as cash reserves with Central Bank is:

1. Repo Rate

2. Cash Reserve Ratio

3. Bank Rate

4. Statutory Liquidity Rate

Any point on PPC represents

1. Optimum utilisation of resources

2. Under utilisation of resources

3. Over full employment of resources

4. Unattainable combination

The following statements are related to industries in India. Arrange them in order:

A. Foreign Direct Investment - Industries

B. British India - collapse of Indian industries

C. Government Industry - low Productivity

D. Industrial Policy - planning commission

E. Removal of Licensing - Disinvestment

Choose the correct answer from the options given below:

1. B-C-D-A-B

2. B-A-C-D-E

3. B-D-C-E-A

4. B-E-A-D-C

Match List I with List II

Choose the correct answer from the options given below:

1. A–IV, B–I, C–II, D–III
2. A–III, B–II, C–I, D–IV
3. A–II, B–III, C–IV, D–I
4. A–III, B–I, C–IV, D–II

British India first collected population data through a census in

1. 1871

2. 1881

3. 1891

4. 1901

Arrange the following series of events related to China in order of their occurance:

A. Structural Reforms

B. Great leap forward

C. Great proletarian cultural Revolution

D. Republic of China under one party rule

E. One-child norm policy

Choose the correct answer from the options given below

1. D-A-B-C-E

2. D-C-B-A-E

3. D-B-C-A-E

4. D-A-C-B-E

Arrange the following in chronological order

A. The Gold Standard

B. The Bretton Woods System

C. Special Drawing Rights (SDR)

D. Flexible Exchange Rate

Choose the correct answer from the options given below:

1. A,B,C,D

2. A,B,D,C

3. B,A,C,D

4. B,A,D,C

Sale of shares of an Indian company to a French resident will be recorded in the balance of payments as a

1. Credit item of current account

2. Debit item of current account

3. Debit item of capital account

4. Credit item of capital account

Current account surplus arises when:

1. Receipts > Payments

2. Receipts = Payments

3. Receipts < Payments

4. Receipts is Payments

The Law of demand may be defined as the one among the following. Choose the correct option.

1. Other things remain equal there is positive relation between demand of commodity and it's price.

2. Other things changes there is equal relation between demand for a commodity and it's price.

3. Other things remain equal there is a negative relation between demand for a commodity and it's price.

4. Other things remain unchanged there is a equilibrium relation between demand for a commodity and it's price.

Among the following which one is the correct expansion for HYV.

Choose the correct answer from the following.

1. "High Yielding Variety" of Seeds.

2. "Health Yojana Value" of Poor.

3. "Higher Yarn Variety" of Wool.

4. "Heavy Yojana Velocity" of Transport

Demand of price is inelastic for

1. Airplane ticket

2. Air conditioner

3. Gold and jewelry

4. Life saving medicine

Calculate the value of revenue deficit, if tax revenue is 100crores, non tax revenue is 500crores, capital receipts are 2000crores and revenue expenditure are 4000crores.

1. 2500 crores

2. 500 crores

3. 3000 crores

4. 3400 crores

Identify the measures which can reduce morbidity.

A. Sanitation

B. Poor Education

C. Unemployment

D. Safe drinking water

E. Nutritive Food

Options:

1. A,D,E

2. B,C,A

3. A,C,E

4. C,D,E

Chronologically arrange the following events:

A. Incorporation of TISCO

B. Opening of Suez Canal

C. Introduction of Railways in India

D. Establishment of Tata Airlines

E. Opening of first railway bridge linking Bombay with Thane

Choose the correct answer from the options given below:

1. C,E,B,A,D

2. E,C,B,A,D

3. E,B,C,A,D

4. C,B,E,A,D

Institution which organises the free interaction of individuals pursuing their respective economic activities is called

1. Economic cycle
2. Market
3. Production
4. Scarcity

Match the List I with List II

Choose the correct answer from the options given below:

1. A-IV, B-I, C-II, D-III

2. A-I, B-II, C-III, D-IV

3. A-IV, B-III, C-II, D-I

4. А-III, В-II, C-IV, D-I

At the time of Demonetisation, a new initiative by the Government of India to tackle the problem of corruption, blackmoney etc., the public were advised to deposit old currency notes with the RBI without declaration upto ?

(Identify the correct option)

1. 8th November, 2016

2. 31st December, 2017

3. 31st March, 2017

4. 30th June, 2017

The foremost role of money is

1. Unit of account

2. Measure of deferred payment

3. Medium of exchange

4. Store of value

Identify the statements that will lead to an increase in demand for foreign exchange in the home country.

A. Increase in exports by home country

B. Increase in imports by home country

C. Increase in purchase of financial assets abroad by residents of home country.

D. People of home country want to send gifts abroad

E. Foreigners send gifts to people of the home country

Choose the correct answer from the options given below:

1. B and D only

2. A and B only

3. B. C and D only

4. A. D and E only

Two commodities are perfect subsitutes for the consumer and the indifference curve will be

Fill in the blank with suitable answer from below:

1. Concave to the origin

2. Convex to the origin

3. Inverted parabola

4. Straight line

Match the List I with List II

Choose the correct answer from the options given below:

1. A-I, B-III, C-IV, D-I

2. A-I, B-IV, C-II, D-III

3. A-II, B-I, C-IV, D-III

4. A-III, B-IV, C-II, D-I

What is the maximum value of average propensity to save?

1. Unity

2. Zero

3. Less than unity

4. More than unity

If all the increased income is consumed, then the value of MPS will be

1. 0

2. 1

3. Infinity

4. -1

Which of the following statements are true:

A. WTO facilitate international trade by levying Tariff

B. WTO facilitate international trade by owning cargo flight

C. WTO facilitate international trade through removal of Tariff

D. Developing countries feel cheated as WTO forced to open their market for developed countries

E. Developing countries feel cheated as USA forced to sell their products.

Choose the correct answer from the options given below:

1. A and B only

2. B and E only

3. C and Donly

4. A and E only

Two important features of public goods are

1. Plan and non plan expenditure
2. Revenue and capital receipt
3. Excludable and rival rous
4. Non excludable and non rivalrous

The main reason for stagnation in agriculture sector, during the British Rule was………………..

1. Poor Technology

2. Zamindari System

3. Deindustrialisation

4. Commercialisation of agriculture

A fictional bank has deposits equal to ₹5000 crores and reserves equal to ₹6000 crores. What is the net worth of this bank?

1. ₹11,000 crores

2. ₹5000 crores

3. (-) ₹1000 crores

4. ₹1000 crores

Final goods consists of

1. Inferior goods and normal goods

2. Consumer goods and Intermediate goods

3. Capital goods and Intermediate goods

4. Consumer goods and Capital goods

Which of the following is not a final good?

1. Tea leaves purchased by the consumer

2. Purchase of machines by a firm

3. Tea leaves purchased by a restaurant

4. Vegetables bought by a consumer household

Identify the Stock variable/variables

A. Income

B. Output

C. Capital

D. Profits

E. Money Supply

Choose the correct answer from the options given below

1. B only

2. A and B only

3. A, B and D only

4. C and E only

A firm buys a machine for 55 lakhs. The expected life of the machine is ten years. The annual depreciation of the machine is

1. 5 lakhs

2. ₹5.5 lakhs

3. ₹550 lakhs

4. ₹0.55 lakhs

Match the List I with List II

Choose the correct answer from the options given below:

1. A-I, B-II, C-III, D-IV

2. A-II, B-I, C-IV, D-III

3. A-IV, B-III, C-II, D-I

4. A-III, B-IV, C-II, D-I

Identify the source which is not covered in economic infrastructure of an economy.

1. Energy

2. Health

3. Transportation

4. Communication

The Governemnt of India has launched a mega project to boost up its infrastructure in order to meet a US $5 Trillion Economy by 2025

Identify the value of that project from the following:

1. Product linked incentive scheme

2. Make in India

3. Aatam Nirbhar Bharat

4. National Infrastructure Pipeline (NIP)

Identify the non-commercial source of energy

1. Coal

2. Dried dug

3. Petroleum

4. Electricity

The Health Infrastructure of an economy cannot be assessed on the basis of?

1. Infant Mortality rate
2. Nutrition level
3. Incidence of communicable disease
4. Literacy rate

Identify the indicator which is not directly associated with the development of rural infrastructure of an Economy

1. Improvement in Sex-Ratio in rural areas.

2. Electrification in village areas

3. Set-up of agriculture labs in rural areas

4. Construction of Delhi - Mumbai Industrial corridor