Account that record all international transactions of assets is.
1. Current Account
2. Balance of Trade
3. Capital Account
4. Balance on Invisible

In the first seven plans, trade was characterized by what is commonly called an inward looking trade strategy. Technically, this strategy is called ___________.
1. Export promotion strategy
2. Trade strategy
3. Outward looking trade strategy
4. Import substitution strategy

Arrange the following events, in order of their occurrence.
A. Planning commission formed a study group
B. Twelfth five year plan
C. Second five year plan
D. Task force on projection of minimum needs and effective consumption demand was formed

Choose the correct answer from the options given below:
1. A, B, C, D
2. C, A, D, B
3. A, C, B, D
4. C, A, B, D

Identify the correct chain of action from the following,
A. Investment multiplier rises
B. Economy grows
C. MPC rises
D. Income rises

Choose the correct answer from the options given below:
1. A, C, B, D
2. A, B, C, D
3. D, A, C, B
4. C, A, D, B

For C = 80 +0.8y, the value of multiplier will be.
1. 1.5
2. 10
3. 15
4. 20

Sale of assets like sale of share of an Indian Company to a foreigner customer is a ___________ account. item on capital

1. Visible
2. Debit
3. Current
4. Credit

Which of the available technologies to adopt in the production of each of the goods? The above question relates to which Central problem of the economy ?

1. Why to produce?
2. What to produce?
3. How to produce?
4. For whom to produce?

Select the correct statements regarding Fisheries from following
A. Fish production is more from Marine Fishing
B. The major problems in fishing community are illiteracy and indebtedness
C. High per capita income is available to fishermen
D. Aqua culture means traditional method of fishing
E. Women are not involved in active fishing

Choose the correct answer from the options given below:
1. A and C only
2. C and D only
3. D and A only
4. B and E only

Current Account surplus can be denoted by.

1. Receipts on current account < Payments on current account
2. Receipts on current account = Payments on current account
3. Receipts on current account ≤ Payments on current account
4. Receipts on current account > Payments on current account

Four sector economy refers to which of the following.

1. Closed Economy
2. Mixed Economy
3. Planned Economy
4. Open Economy

Among the following personnel, identify the employee who is working in the informal sector?

1. A police constable
2. A cycle-rickshaw puller
3. A clerk in the electricity office
4. A nurse in a government hospital

Which of the following is a flow?

1. Bank deposits
2. Wealth
3. Capital
4. Depreciation

Identify the term/ concept which is not included in the estimation of National Income of an economy.

1. Retained earning of Residents companies in Abroad
2. Bonus
3. Scholarships
4. Royalty

Which of the following is not a property of indifference curve?

1. Downward sloping
2. Convex to the origin
3. Higher indifference curve shows higher satisfaction
4. Concave to the origin

The difference between value of exports and value of imports of goods of a country in a given period of time is.

1. Balance of Payment
2. Balance of Trade
3. Balance of Capital Account
4. Balance of Invisibles

Match List I with List II

Choose the correct answer from the options given below:
1. A-I. B-III, C-II, D-IV
2. A-III. B-II. C-IV, D-I
3. A-IV, B-I. C-III, D-II
4. A-II, B-IV. C-I, D-III

If Balance of Trade is (-) ₹600 crore and value of exports is ₹500 crore, then the value of imports will be.

1. ₹1500 crore
2. ₹1100 crore
3. ₹100 crore
4. 2200 crore

Who all are considered as working in the formal sector out of the following?
A. Cycle rickshaw puller
B. A clerk in the electricity office
C. A police constable
D. A construction worker
E. Nurse in government hospital

Choose the correct answer from the options given below:
1. A, B and C only
2. B, C and E only
3. D, E and A only
4. A, B and E only

Which is not an implication of fiscal deficit?

1. Debt trap
2. Stabilisation
3. Inflation
4. Foreign dependency

Arrange the following incidents/policy implementation on the basis of their occurrence related to development in India and its neighbour.
A. Reforms in Pakistan
B. One child policy introduced in China
C. Great proletarian cultural revolution
D. The great leap forward campaign
E. Reforms in India

Choose the correct answer from the options given below:
1. C, B, D, E, A
2. D, C, A, E, B
3. C, B, D, E, A
4. D, C, B, A, E

Arrange the following in order of occurrence.
A. Industrial policy resolution based on schedules
B. Second phase of Green Revolution
C. Directive principles of Indian constitution
D. Foreign exchange reforms
E. Demonetisation

Choose the correct answer from the options given below:
1. E, A, B, C, D
2. A, B, D, C, E
3. E, A, B, D, C
4. C, A, B, D, E

Identify the incorrect statements in the context of demographic indicators of India, China and Pakistan;
A. China-adopted the one-child norm policy
B. Urbanisation is highest in India followed by Pakistan
C. Sex-ratio is biased in all the three countries
D. Fertility rate is highest in India, followed by China
E. India is the second largest country after China

Choose the correct answer from the options given below:
1. A and B only
2. B and C only
3. C and E only
4. B and D only

Arrange the following steps in the ascending order of their occurrence.
A. Leads to rise in unemployment
B. Workers abstain from work
C. Lack of proper drinking water and sanitation
D. Proneness to fall ill

Choose the correct answer from the options given below:
1. A, B, C, D
2. B, D, C, A
3. C, D, B, A
4. D, C, B, A

If Foreign Exchange rate changes from 1 = 80 to 1 = 83 at a given point of time, what does this indicate for Indian currency ?

1. Appreciation of currency
2. Depreciation of currency
3. Devaluation
4. Revaluation

Domestic income is the sum of factor incomes accruing to.

1. Residents
2. Residents and non-residents
3. Nationals
4. Economic territory

What is the correct answer of the opportunity cost from the given options?

1. There is a cost of having more goods which are used for additional good
2. The Scare resources have alternative usages on a particular price
3. There is always a cost of having a little more of one good in term of the amount of the other good that has to be forgone
4. There is always a cost of having one good in term of the amount of other good which has being used

According to the Keynesian economics, the value of APC can never be.

1. Zero
2. Unity
3. More than one
4. Less thane one

Revenue deficit will be calculated through…………………………………

1. Total Expenditure - Revenue Receipts
2. Fiscal Deficit - Interest Payments
3. Fiscal Deficit - Revenue Receipts
4. Revenue Expenditure - Revenue Receipts

Match List I with List II

Choose the correct answer from the options given below:

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

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

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

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

Ozone depletion is caused by high level of_______________and__________________compounds in the stratosphere.
A. Chlorine
B. Bromine
C. Neon
D. Hydrogen

Choose the correct answer from the options given below:
1. A and B only
2. A and C only
3. A, C and D only
4. B and D only

What are the benefits provided by the government under labour laws to protect workers rights?
A. More holidays
B. Protection of wages
C. Compensation for loss
D. Right to form trade union
E. Providing unemployment allowances

Choose the correct answer from the options given below:
1. A. B. C only
2. A, D, E only
3. C, D, E only
4. B, C, D only

Match 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-III, B-I, C-IV, D-II

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

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

Match List I with List II

Choose the correct answer from the options given below:
1. A-I. B-II, C-III, D-IV
2. Α-Ι. Β-II, C-IV. D-III
3. A-II. B-III, C-IV, D-I
4. A-II, B-III. C-I, D-IV

Which of the following statement is correct for positive economic analysis?

1. We study whether these mechanisms are desirable or not
2. We study when the different mechanism function
3. We study how the different mechanism function
4. We study the particular mechanism function

When does the Budget line shift?

1. Change in income
2. Change in interest rate
3. Change in opportunity cost
4. Change in economic condition

Identify the correct formula for elasticity of demand.

1. ed=ΔQ/Q​×P/ΔP​

2. ed=Q/ΔQ​×P/ΔP​

3. ed=Q/ΔQ​×ΔP/P​

4. ed=ΔQ/Q​×ΔP/P​

The market in which national currencies are traded for one another is known as the.

1. Open economy market
2. Stock exchange market
3. Foreign exchange market
4. Perfect exchange market

Reverse Repo rate is defined as.

1. Rate at which RBI gives loans to commercial banks
2. Rate at which commercial banks give loans to customers
3. Rate at which Central Bank sell securities through an agreement which has specification about rate and price
4. Rate at which RBI sells the bonds

Lender of last resort function of RBI means

1. It increases money supply in Economy
2. It issues currency
3. It provides funds all times to commercial banks
4. It decreases money supply

Which is the only institution which issues currency?

1. SBI
2. RBI
3. PNB
4. ICICI bank

Selling of bonds by RBI, result in which of the following?

1. It decreases money supply in economy
2. It increases money supply in economy
3. It changes interest rate
4. It issues currency

Bank Rate is defined as.

1. The rate at which RBI gives loans to commercial banks
2. The rate at which the money is lent without agreement
3. The rate at which money is lent through an agreement
4. The rate at which commercial bank gives loan to customers

Which state is more benefited due to Green Revolution?

1. Kerala
2. Punjab
3. Bihar
4. Orissa

Which is not the main element of Green Revolution?

1. HYV seeds
2. Extension of irrigational facilities
3. Use of fertilizers
4. Use of labour intensive technique

Which crop benefited most due to Green Revolution?

1. Wheat
2. Rice
3. Bajra
4. Maize

Which is not the achievement of Green Revolution?

1. Marketed surplus
2. Self sufficiency
3. Promotion of rich farmers
4. Buffor stock

Green Revolution helped increase in the production of.

1. Cash crops
2. Food grains in short period
3. Area under maize
4. Fertilizers