The ratio of total deposits that a commercial bank has to keep with RBI is called:

1. Cash Reserve Ratio

2. Statutory Liquidity Ratio

3. Deposit Ratio

4. Margin Ratio

Which of the following is true about Indian demography on the eve of independence?

(A) Water and air-borne diseases were under control

(B) Infant mortality rate was 24 per thousand live births only

(C) Overall literacy rate was less than 16 percent

(D) Life expectancy was 44 years

Choose the correct answer from the options given below:

1. (A) and (B) only

2. (C) only

3. (B) and (D) only

4. (C) and (D) only

Which of the following are the examples of complementary goods?

(A) Pen and ink

(B) Tea and sugar

(C) Tea and coffee

(D) Ball pen and gel pen

(E) Shoes and socks

Choose the correct answer from the options given below:

1. (A), (C) and (D) only

2. (A), (B) and (E) only

3. (B), (C) and (D) only

4. (C) and (E) only

A factory can increase its output by using a new type of machine. Adoption of this new technology is called

1) Privatization

(2) Equity

3) Modernization

(4) Liberalization

“A theory of international exchange which holds that the price of similar goods in different countries is the same” is the concept of:

1. Real exchange rate

2. Present value

3. Purchasing power parity

4. Nominal exchange rate

Arrange the following in their establishment from early to recent:

(A) Introduction of GST

(B) World Trade Organisation was founded

(C) Establishment of Planning Commission

(D) First Phase of Green Revolution

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)

2. (D), (C), (B), (A)

3. (C), (D), (B), (A)

4. (B), (A), (C), (D)

Bank Rate is:

1. The rate of interest at which RBI gives loans to industries

2. The rate at which RBI gives loans to the commercial banks

3. The rate of interest at which Agricultural Banks give loans to the farmers

4. The rate of interest at which Co-operative banks give loans to the customers

From the following transactions, which transaction will be recorded in the current account of the Balance of Payments?

1. Indian buys French car company

2. Indian buys French-made car from France

3. Sale of shares of Indian company to French customers

4. Purchase of shares of French company by Indian customers

Which of the following function is not performed by the Central Bank?

1. Issues currency

2. Controls money supply

3. Money creation

4. Bank to the government

Choose the correct pair of statements from the given Column I and Column II.

Match Column – I with Column – 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)-(III), (D)-(IV)

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

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

Development that meets the need of the present generation without compromising the ability of the future generation to meet their own needs was emphasized by:

(1) United Nations Conference on Environment and Development (UNCED)
(2) Central Pollution Control Board (CPСВ)
(3) Ministry of Environment
(4) Herman Daly

The problem of choice arises from:

1. Abundance

2. Scarcity

3. Competing usages

4. Economic activities

With an increase in marginal propensity to consume, the value of investment multiplier will:

1. Increase

2. Decrease

3. Remain unaffected

4. Investment multiplier has no relationship with marginal propensity to consume

Brundtland Commission relates to:

1. Poverty alleviation

2. Employment generation

3. Rural development

4. Sustainable development

Chronologically arrange the development path of China.

(A) Great Proletarian Cultural Revolution

(B) Establishment of People’s Republic of China

(C) Introduction of reforms

(D) Announcement of first Five Year Plan

(E) Great Leap Forward campaign

Choose the correct answer from the options given below:

1. (B), (E), (C), (D), (A)

2. (B), (A), (C), (D), (E)

3. (B), (C), (D), (A), (E)

4. (B), (D), (E), (A), (C)

Which of the following statements is true, if other things remaining the same, the exchange rate changes from 1 = ₹80 to 1 = ₹75?

(A) Import will fall

(B) Imports will rise

(C) Exports will rise

(D) National income will rise

(E) National income will fall

Choose the correct answer from the options given below:

1. (E), (B) and (A) only

2. (B) and (E) only

3. (C), (D) and (E) only

4. (B), (E) and (D) only

This goal of Indian Five Year Plans has emphasized on women empowerment and equal opportunity for women as for men in the society. Identify the goal.

1. Growth

2. Equity

3. Self-Reliance

4. Modernization

Which of the following is not true about currency notes and coins in circulation in an economy?

(1)They are legal tenders

(2)They are called fiat money

(3)They have intrinsic value

(4)They do not have intrinsic value

Identify the programme that the government has adopted to help the elderly people and poor and destitute women.

1. Pradhan Mantri Gram Sadak Yojana

2. Integrated Child Development Scheme

3. National Social Assistance Programme

4. Valmiki Ambedkar Awas Yojana

Arrange the elasticity (eₙ) as we move upwards along a linear demand curve.

(A) e_d = 1

(B) e_d = 0

(C) e_d = infinity

(D) e_d > 1

(E) e_d < 1

Choose the correct answer from the options given below:

1. (B), (E), (A), (D), (C)

2. (A), (B), (C), (D), (E)

3. (D), (C), (B), (A), (E)

4. (B), (C), (A), (D), (E)

Sum of MPC and MPS is equal to

1. 1

2. 0

3. −1

4. ∞

Match List – I with List – II

Choose the correct answer from the options given below:

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

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

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

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

________ have emerged to fill the gap in the formal credit system because the formal credit delivery mechanism has not only proven inadequate but has also not been fully integrated into the overall rural social and community development.

1. Commercial Banks

2. Regional Rural Banks

3. Self Help Groups

4. Land Development Banks

Identify the capital account transaction from the following:

1. Export of goods

2. Import of goods

3. Net invisibles

4. External commercial borrowings

Arrange the following statements relating to India in the sequence of their occurrence:

(A) Setting up of National Bank for Agriculture and Rural Credit

(B) Saansad Adarsh Gram Yojana Scheme introduced by Government

(C) Social banking and multi-agency approach adopted to meet rural credit needs

(D) ‘Kudumbashree’ was started as a small savings bank for poor women in Kerala

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)

2. (D), (C), (B), (A)

3. (C), (A), (D), (B)

4. (D), (B), (A), (C)

A change in investment in an economy by ₹2,000 crores leads to an increase in its national income by ₹8,000 crores. What will be the change in consumption?

1. ₹6,400 crores

2. ₹6,600 crores

3. ₹6,000 crores

4. ₹6,200 crores

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)-(II), (D)-(IV)

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

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

Suppose the price elasticity of demand for a good is (–)1. At a price of ₹4 per unit, demand for the good is 40 units. Suppose the price of the good increases to ₹6 per unit, and as a result, the demand for the good will be ________.

1. 10 units

2. 20 units

3. 30 units

4. 40 units

Select the correct sequence that led to the need for the introduction of New Economic Policy 1991 in India:

(A) Foreign exchange reserves dropped

(B) World Bank gave loan to manage crisis

(C) New Economic Policy 1991 announced

(D) India met with an economic crisis related to external debt

Choose the correct answer from the options given below:

1. (A), (D), (B), (C)

2. (D), (A), (B), (C)

3. (A), (B), (D), (C)

4. (B), (A), (D), (C)

“Cooperative marketing has received a setback during the recent past.”

Choose the option that is not true for the above statement.

1. Distribution of food grains and sugar through public distribution system

2. Inadequate coverage of farmers

3. Inefficient financial management

4. Lack of appropriate link between marketing and processing cooperations

A consumer wants to consume two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line?

1. −0.5

2. −0.4

3. −5

4. −2

Match List – I with List – II

Choose the correct answer from the options given below:

1. (A)-(IV), (B)-(II), (C)-(III), (D)-(I)
2. (A)-(I), (B)-(II), (C)-(IV), (D)-(III)
3. (A)-(IV), (B)-(III), (C)-(I), (D)-(II)
4. (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Which of the following does not constitute the central problems of an economy?

1. Whether to have more agricultural goods or to have more industrial products

2. Whether to use more labour or more machines

3. Whether to consume more of leisure or more of work-related activity

4. Who gets how much of the goods that are produced in the economy?

Choose the correct facts related to development experience of India, Pakistan and China.

(A) Reforms in China were introduced in 1978

(B) India adopted the mixed economy model for development

(C) In 1965, the Great Leap Forward campaign was initiated

(D) China has announced its first Five Year Plan in 1956

(E) Reforms were initiated in Pakistan in 1978

Choose the correct answer from the options given below:

1. (A), (C) and (D) only

2. (A) and (B) only

3. (C) and (D) only

4. (C), (D) and (E) only

Karve Committee was set up for:

1. Heavy industries

2. Medium scale industries

3. Agriculture sector

4. Small scale industries

Exchange rate determined by the market forces of demand and supply is known as:

1. Fixed exchange rate

2. Current exchange rate

3. Constant exchange rate

4. Floating exchange rate

Match List – I with List – II

Choose the correct answer from the options given below:

1. (A)-(II), (B)-(III), (C)-(IV), (D)-(I)
2. (A)-(II), (B)-(III), (C)-(I), (D)-(IV)
3. (A)-(III), (B)-(II), (C)-(IV), (D)-(I)
4. (A)-(IV), (B)-(III), (C)-(I), (D)-(II)

Which of the following will be included while estimating Gross Domestic Product at market price (GDPMP)?

(A) Profit earned by American Express Bank from its branch in India

(B) Dividends paid to shareholders of firm situated in Kerala

(C) Donations made to a religious institution

(D) Salary paid to an Indian working in Japanese Embassy

(E) Purchase of taxi by Travel Services company

Choose the correct answer from the options given below:

1. (A), (B) and (C) only

2. (A), (B) and (D) only

3. (B), (C) and (D) only

4. (A), (B) and (E) only

Suppose the GDP at market price of a country in a particular year was ₹2,100 crores. Net Factor Income from abroad was ₹200 crores. The value of Indirect Taxes net of subsidies was ₹100 crores and national income was ₹1,900 crores. The aggregate value of depreciation in the economy will be:

1. ₹100 crores

2. ₹400 crores

3. ₹200 crores

4. ₹300 crores

GST is destination-based tax because

1. Tax calculated at final consumption
2. It has input tax credit system
3. It is levied on final consumer
4. It is having more transparency

By which Constitutional Amendment was GST introduced?

1. 105

2. 101

3. 104

4. 102

By implementing GST what expectation was made for GDP:

1. It will remain constant

2. It will increase by 10%

3. It will fall by 2%

4. It will increase by 2%

How will GST make compliance easier?

1. By imposing more taxes

2. By liberating tax rates

3. Tax payment-related services are available online

4. By putting multi-level taxes

Which of the following taxes has been subsumed in GST?

1. Income tax

2. Sales tax

3. Corporate tax

4. Property tax

What will be compensation of employees?

1. Wages and salaries in cash + Rent + Dividend

2. Wages and salaries in cash + Wages and salaries in kind + Employees’ contribution to provident fund

3. Wages and salaries in cash + Wages and salaries in kind + Employer’s contribution to social security schemes

4. Mixed income + Rent + Corporate profit tax

The components of Operating Surplus are:

1. Rent + Dividend + Corporate savings

2. Mixed Income + Dividend + Rent

3. Rent + Dividend + Corporate savings + Corporate profit tax

4. Rent + Dividend + Corporate profit tax

The components of profit are:

1. Mixed income + Rent + Corporate saving

2. Dividend + Corporate saving + Rent

3. Dividend + Corporate saving + Corporate profit tax

4. Dividend + Corporate saving + Mixed income

Calculate the value of Domestic Income:

1. ₹18,500

2. ₹22,000

3. ₹22,500

4. ₹21,800

Calculate the value of National Income:

1. ₹18,500

2. ₹22,000

3. ₹22,200

4. ₹21,800