1. practice set for prelim-2017
ECONOMICS BY R. VASHISTHA
Consider the
following statements :-
I.
The WTO does not set ceilings on Green Box
Subsidy.
II.
Trade
Facilitation Agreement (TFA) which India ratified recently deals with speedy
disposal of both goods & services in global trade.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
2.
Consider the
following statements :-
I.
Insolvency &
Bankruptcy code 2016 is based on Viswanathan Committee Report.
II.
The code proposes
to amend the earlier the presidency
Towns Insolvency Act, 1909 & Provincial Insolvency Act, 1920.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
3.
Consider the
following statements :-
I.
Anti – Dumping
duty is levied by Commerce Ministry.
II.
The Mechanism of
Anti – Dumping duty is applicable for developing and poor countries only.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
4.
Consider the
following statements :-
I.
The concept of
“Effective Revenue Deficit” was introduced in the Finance Bill 2012-13.
II.
Effective Revenue
Deficit is Revenue Deficit sans grants for creation of capital goods.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
5.
Consider the
following statements :-
I.
The states of
India can borrow from within the territory of India only.
II.
The states are
not allowed to resort to “ways and weaves Advance” from RBI.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
6.
Consider the
following statements :-
I.
“Other
liabilities” components of public Borrowings are contracted upon security of
consolidated Fund of India.
II.
The Parliament
can set limits of “other liabilities” of the government.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
7.
Stressed Assets
(Loans) of Banks comprises of
(a)
NPA only
(b)
Restructured
Loans only
(c)
Both (a) and (b)
(d)
NPA+ Restructured
loans + Waived off Amount.
8.
Consider the
following statements :-
I.
FDI limit in
defence sector is 100 per cent through approval route.
II.
Foreign
Investment & promotion Board (FIPB) works under finance ministry.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
9.
Consider the
following statements :-
I.
India has surplus
on service account of BOP.
II.
India’s over-all
BOP is in surplus.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
10. Consider the following statements :-
I.
Special safeguard
mechanism (SSM) can be used by developing countries against surge in
agricultural as well as industrial goods from outside world.
II.
Liberalized
Remittance scheme (LRS) was launched in 2009.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
11. Consider the following statements :-
I.
Indirect tax is
included & subsidy is excluded in new method of calculation of National
Income.
II.
CSO publishes
data on GDP every quarter.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
12. Consider the following statements :-
I.
India is the
third largest country in terms of nominal GDP.
II.
A rise in WPI
Inflation has no impact on real GDP .
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
13. Consider the following statements :-
I.
Of all the
components of Foreign Exchange Reserve, SDR constitutes of lowest value.
II.
Dual exchange
Rate system in India prevailed from 1992 to 1995.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
14. Consider the following statements :-
I.
Basel Norms are
not applicable to NBFC.
II.
Base Rate system
has been replaced by Marginal Cost Based Lending Rate (MCLR) system.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
15. Consider the following statements :-
I.
Profit
, Interest and Dividend earned on Foreign investment is part of Current Account
of BOP.
II.
Nationalization
of insurance industry took place on the recommendation of Deshmukh Committee.
Which of the
following statements is/are incorrect.
(a)
Only
I
(b)
Only
II
(c)
Neither
I nor II
(d)
Both
I and II
16. Consider the following statements :-
I.
FDI
limit in Public Sector Bank is 74 percent.
II.
Priority
Sector Lending (PSL) was made compulsory for Banks on the recommendation of
Pant Committee.
Which of the
following statements is/are incorrect.
(a)
Only
I
(b)
Only
II
(c)
Neither
I nor II
(d)
Both
I and II
17. Consider the following statements :-
I.
PSL
requirement is not compulsory for Regional Rural Banks (RRBs).
II. LIC is compulsorily required to
invest in Govt. Security Paper using premium deposit.
Which of the
following statements is/are incorrect.
(a)
Only
I
(b)
Only
II
(c)
Neither
I nor II
(d)
Both
I and II
18. Consider the following statements :-
I.
Payment
Banks cannot invest in Govt. Security Paper.
II.
Scheduled
co-operative Banks are not required to maintain CRR & SLR.
Which of the
following statements is/are incorrect.
(a)
Only
I
(b)
Only
II
(c)
Neither
I nor II
(d)
Both
I and II
19. Consider the following statements :-
I.
Non-debt
creating capital receipts are larger than debt creating capital receipts in
2016-17 Budget.
II.
Receipt
through allocation of spectrum is Revenue Receipts of the govt.
Which of the
following statements is/are incorrect.
(a)
Only
I
(b)
Only
II
(c)
Neither
I nor II
(d)
Both
I and II
20. Consider the following statements :-
I.
Land
Revenue is the subject matter of state list.
II.
Land
Acquisition is the subject matter of union list.
Which of the
following statements is/are incorrect.
(a)
Only
I
(b)
Only
II
(c)
Neither
I nor II
(d)
Both
I and II
21. Consider the following statements :-
I.
The provision of
compulsory licenses has been done away with in India’s recently announced IPR
regime.
II.
MCA 21 project
was launched by finance ministry.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
22. Consider the following statements :-
I.
General council
of the WTO also acts as dispute settlement Body.
II.
India’s trade policy is reviewed every four years by WTO.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
23. Consider the following statements :-
I.
MUDRA Bank has
been made regulator of Micro-finance company.
II.
Loans up to 50
lakhs are given through MUDRA Banks.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
24. Consider the following statements :-
I.
The survey on
inflation expectation is conducted and published by CSO.
II.
RBI is in change of managing government debt.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
25. Consider the following statements :-
I.
Anti-dumping duty
is levied by department of Economic-affairs of finance ministry.
II.
The RBI Governor
has no casting vote in the new method of policy rates determination by proposed
monetary policy committee (MPC).
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
26. Consider the following statements :-
I.
Budget estimates
as related to expenditure charged upon the consolidated fund of India cannot be
submitted to the vote of parliament.
II.
Grant received by
the government from out side world constitutes revenue receipts of the govt.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
27. Consider the following statements :-
I.
Trade
facilitation agreement (TFA) was the outcome of Doha Round of trade
Negotiation.
II.
When one-third
member will ratify TFA, the agreement will be binding for all members of WTO.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
28. Consider the following statements :-
I.
The New IPR
policy announced by GOI makes the department of industrial policy &
promotion (DIPP) the nodal agency for regulating IPR in the country.
II.
P-notes currently
accounts for 10% of the total FPI inflows, against 50% in 2007.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
29. Consider the following statements :-
I.
Cash management
Bill (CMB) was introduced in 2011.
II.
CMB can be issued
by state governments.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
30. Consider the following statements :-
I.
New issued share
and bonds are sold in stock exchange.
II.
Stock exchange
companies have been put in the category of infrastructure company.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
31. Consider the following statements :-
I.
The headquarter
of National multi-commodity exchange is located in Mumbai.
II.
State Development
Loans (SDL) can be sold in overseas market.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
32. Consider the following statements :-
I.
SDR was created
by IMF in 1969 to supplement International currency.
II.
Wholesale price
index (WPI) is published by DIPP.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
33. Consider the following statements :-
I.
SBI Group was
created in 1959.
II.
Remittances are
the part of Capital A/c of BOP.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
34. Consider the following statements :-
I.
The
recommendations of commission on agriculture cost & prices (CACP) is not
binding on government.
II.
CACP is
constituted every five years.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
35. Consider the following statements :-
I.
Consumer food
price index (CFPI) is being publishing by food & consumer supply ministry
since may 2014 .
II.
Foreign currency
Assets (FCA) is the most dominant component of our Foreign Exchange Reserve.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
36. Consider the following statements :-
I.
General Quota of
IMF is reviewed every 5 years.
II.
14th
General Quota Review has been implemented, doubling the IMF Quota from SDR
238.5 billion to SDR 477 billion.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
37. Consider the following statements :-
I.
Quarterly
Employment survey in India is conducted by Labour Bureau.
II.
Employment &
unemployment data is released once in every five years by NSSO.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
38. Consider the following statements :-
I.
The minimum
paid-up Capital for small finance Banks & Payment Banks is 100 Cr.
II.
FDI is not
allowed in small finance Banks and payment Banks.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
39. Consider the following statements :-
I.
Data on GDP is
published by Finance Ministry.
II.
Market
Stabilization scheme was started in 2004.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
40. Consider the following statements :-
I.
The most popular
index of BSE, Sensex, was introduced in 1986 and its base year is 1978 - 79.
II.
Base year of
Nifty is 1995.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
41. Consider the following statements :-
I.
Cabinet committee
on Economic Affairs (CCEA) is chaired by finance minister.
II.
The proposed
Monetary Policy Committee (MPC) will consist of three nominees from government.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
42. Consider the following statements :-
I.
Expert committee
on revising and strengthening monetary policy frameworks was headed by Raghuram
Rajan..
II.
RBI adopted a new
measure of Inflation based on CPI on the basis of recommendation of Urjit Patel
Committee.
Which of
the following statements is/are incorrect.
(a)
Only I
(b)
Only II
(c)
Neither I nor II
(d)
Both I and II
43. Which of the following factors is accounted in the calculation
of gross domestic product of a country in the expenditure method ?
(a)
Private
consumption
(b)
Gross investments
and government spending
(c)
Net expenditure
of the expenditure on export and import
(d)
All of the above
44. Consider the
following statements
1-
Rajiv Gandhi
Grameen Vidyutikaran Yojana which gives free electricity connections to the
below poverty line households in implemented by Power Grid Corporation of
India.
2-
The Integrated
Rural Energy Programme aims to meet the energy needs of cluster of villages through
a blend of conventional and non-conventional sources of energy.
Which of the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
45. Consider the following statements
1-
NABARD is an apex
institution handling matters concerning policy. Planning and operating the
field of credit for agriculture and other developmental activities in rural
India.
2-
NABARD operates
through its headquarter at Mumbai.
Which of the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
46. Which one of the following is the objective of the
Twelfth Five Year Plan of India?
(a)
Faster and
inclusive growth
(b)
Faster, quick and
reliable inclusive growth
(c)
Faster, reliable
and more inclusive growth
(d)
Faster,
sustainable and more inclusive growth
47. Consider the following statements about Goods and
Service Tax (GST) Bill of India.
1-
GST Consists of
three component such as central GST, state GST and local GST.
2-
Central GST and
state GST will apply to all transactions
of goods and services.
Which of the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
48. Consider the following statements about NABARD
1-
NABARD can accept
the short-term deposits from public.
2-
NABARD depends on
the general line of credit received from the Reserve Bank of India to finance
the agricultural credits.
Which of
the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
49. With reference to India, consider the following
statements.
1-
WPI is available
on a monthly basis only.
2-
As compare to
Consumer Price Index for the Industrial Worker (CPI-IW). The WPI gives less
weight age to food articles.
Which of
the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
50. Assertion (A) Fiscal deficit is greater than budgetary
deficit.
Reason
(R) Fiscal deficit financing is the borrowing from the Reserve Bank of India
plus other liabilities of government of meet its expenditure.
Codes
(a)
Both A and R are
true and R is the correct explanation of A
(b)
Both A and R are
true but R is not the correct explanation of A
(c)
A is true, but R
is false
(d)
A is false, but R
is true
51. Value added tax is
(a)
An advolerum tax
on domestic final consumption collected at all stages between production and
point of final sale
(b)
An advolerum tax
on final consumption collected at the manufacturing level
(c)
Tax on final
consumption collected at the consumption rate
(d)
A special tax
levied by the states on products from other states
52. Consider the following statements
1-
In India,
imposition of taxes on the services as a separate services taxes has been
started since independence.
2-
BPO, ITS and
Software Products are only taxed by the Indian Government under services taxes.
Which of
the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
53. RBI issues currency notes against which of the
following?
(a)
Gold
(b)
Foreign security
(c)
Government of
India security
(d)
All of the above
54. Consider the following statements about NABARD
1-
Revenue budget
deals with receipts from taxation and non-tax sources and the expenditure met
out from these sources.
3-
Net recoveries of
loans and advances to states and public sector enterprises from the revenue
receipts of the government.
Which of
the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
55. IMF was established to meet which of the following
objectives?
1-
Promoting
International Monetary Cooperation.
2-
Expanding
International Trade
3-
Lessening the
disequilibrium in balance of trade
4-
Avoiding
competitive exchange depreciations.
Which of the statement(s) given above is/are correct?
(a)
3 and 4
(b)
1,2 and 3
(c)
2 and 3
(d)
All of the above
56. Which one of the following percentages is the share of
the Indian Export in the International Trade?
(a)
Less than 1%
(b)
More than, 1 but
less than 3%
(c)
More than, 3 but
less than 5%
(d)
More than, 5 but
less than 7%
57. Global Competitiveness Report is released by which of
the following organizations?
(a)
World Trade
Organization
(b)
European union
(c)
World bank
(d)
World economic
forum
58. Which one of the following international organizations
offers political risk insurance guarantees to help investors to protect foreign
direct investments made in developing countries against political risk?
(a)
IDA
(b)
IFC
(c)
IMF
(d)
MIGA
59. Which of the following factors is taken account to
calculate the Balance of Payment (BOP) of a country?
(a)
Current account
(b)
Changes in the
Foreign Exchange Reserves
(c)
Errors and
omissions
(d)
All of the above
60. Consider the following measures
1-
Repo Rate
2-
Cash Reserve
Requirement
3-
Reverse Repo Rate
Which of the measures given above is/are major
instrument(s) used in the Liquidity Adjustment Facility (LAF) ?
(a)
1 and 2
(b)
1 and 3
(c)
2 and 3
(d)
Only 2
61. Which one of the following is correct about the
commercial papers (CPs) in the Indian money market?
(a)
It is issued by
Indian Commercial Banks
(b)
It is issued by
the Central Government
(c)
It is issued by
the Companies with a net worth not less than Rs. 4corer.
(d)
It is issued by
the companies with a net worth less than Rs. 50 lakh
62. Consider the following statements
1-
Certificates of
deposits are the very important instrument of the Indian money market
2-
Certificates of
deposits are generally issued by the Union Government with collaboration with
certain states.
Which of the
statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
63. Which of the following situations does not result due
to the depreciation of the rupee with respect to foreign currencies?
(a)
Exports become
competitive in the global market
(b)
Import
substitution becomes impossible
(c)
Costlier import
result into higher prices propelling further depreciation
(d)
Both ‘a’ and ‘b’
64. Consider the following statements
1-
The rank of India
in terms of Quota share in the International Monetary Fun (IMF)is below one
dozen countries.
2-
China ranks
second just after the United States in the quota terms of IMF
Which
of the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
65. With reference to Indian Commercial Banks Consider the
following statements
1-
The base rate
system for the interest of the commercial banks was introduced in 2010
2-
The base rate
system has enabled a more informed assessment of the transmission of Monetary
Policy impulses to banks lending rates.
Which
of the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
66. Consider the following events in the Indian Economy
Arrange the events in Chronological order
1-
First phase of
nationalization of 16 banks
2-
Establishment of
Narashimhan Committee on the Banking System
3-
Enactment of FEMA
Act in India
4-
Establishment of
EXIM Bank in India
Codes
(a)
1,3,4,2
(b)
1,4,2,3
(c)
1,3,2,4
(d)
1,4,3,2
67. Banks of India are required to maintain a certain
ratio between their risky assets and capital which is known as
(a)
Capital Adequacy
Ratio (CAR)
(b)
Statutory
Liquidity Ratio (SLR)
(c)
General Bank
Reserve (GBR)
(d)
Capital to Risk
Weighted Adequacy Ratio (CRAR)
68. With reference to Indian Capital market, consider the
following statements.
1-
CRISIL was set-up
in the Eighth Five Year Plan
2-
CRISIL rates the
debt instruments of the public sectors.
Which
of the statement(s) given above is/are correct?
(a)
Only 1
(b) Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
69. Which one/are of the following constitutes Revenue
Receipts in Union Budget?
1-
Tax Revenue
2-
Non-tax Revenue
3-
Recoveries of
Loans
4-
Other Receipts
Which
of the statement(s) given above is/are correct?
(e)
Only 1
(f) Only 2
(g)
3 and 4
(h)
1 and2
70. Consider the following statements
1-
Industrial
Development Bank of India (IDBI) was established as a wholly-owned subsidiary
of the Reserve Bank of India.
2-
IDBI was set-up
in the Third Five Year Plan of the Indian Economy.
Which
of the statement(s) given above is/are correct?
(i)
Only 1
(j) Only 2
(k)
Both 1 and 2
(l)
Neither 1 nor 2
71. In the parlance of economy/ commerce, what is
‘Gilt-edged market’?
(a)
Gold and silver
market
(b)
Industrial
securities market
(c)
Market of safe
(such ad government) securities
(d)
Market for
software technology/service products
72. Which of following item or items is/are not covered
under the revenue budget?
1-
Different
proceeds of taxes and other duties levied by the government.
2-
Interest and
dividend on investments made by the government.
3-
Expenditure on
running of government and various services.
4-
Market loans
raised by the government.
Select the correct answer using the codes given below
(a)
3 and 4
(b)
2 and 3
(c)
Only 2
(d)
Only 4
73. Consider the following statement: Inflation is an
increase in the average level of prices. This implies that
1-
The price of
essential commodities outstrips income.
2-
Money supply
grows at a higher rate than GDP in real terms.
3-
The exchange rate
of a currency falls.
4-
Fiscal deficit
exceeds balance of payment deficit.
Which
of the statement(s) given above is/are correct?
(a)
1,2 and 4
(b)
Only 2
(c)
1 and 4
(d)
1,2,3 and 4
74. Which of the following is not true of the Regional
Rural Banks (RRBs)?
(a)
They provide
direct loans to small and marginal farmers
(b)
They are
co-sponsored by Reserve Bank of India
(c)
They also perform
other banking operations
(d)
State Governments
are share-holders in RRBs
75. With reference to India’s food policy, consider the
following statements.
1-
It seeks to avert
famines by maintaining a buffer stock.
2-
It ensure
remunerative price for the farmers so that they do not switch crops.
3-
It encourages
surplus production for the export market.
4-
It aims to
maintain general price line
Which of the statement(s) given above is/are correct?
(a)
1and 2
(b)
1 and 4
(c)
1,2 and 4
(d)
All of these
76. Consider the following statements in respect of the
Fiscal Responsibility and Budget Management Act
1-
It lays down
limits for revenue deficit and fiscal deficit as a percentage of GDP.
2-
It applies to
both Central and State Governments.
3-
It does not
permit the Central Government to give guarantees to loans raised by PSUs and
State Governments beyond 0.5% of GDP.
4-
It prescribes an
upper limit for the liabilities of the government.
Which
of the statement(s) given above is/are correct?
(a)
1 and 3
(b)
1,3 and 4
(c)
2 and 4
(d)
All of these
77. The purpose of the tenancy reform legislation was to
1-
Afford security
if tenure to tenants
2-
Enact fixation of
air rent
3-
Conferment of
ownership right on tenants in some cases
Which
of the statement(s) given above is/are correct?
(a)
Only 1
(b) Only 2
(c)
1 and 2
(d)
All of these
78. Consider the following statements
1-
The Central
Statistical Organization (CSO) is responsible for calculating the consumer
price indices for urban non-manual employees.
2-
National Sample
Survey Organization (NSSO) collects data for estimating national income
3-
NSSO collects
rural retail price on monthly basis for
calculating Consumer Price Index.
4-
CSO conducts
periodic economic census to collect data on unorganized enterprises.
Which
of the statement(s) given above is/are correct?
(a)
3 and 4
(b)
2 and 4
(c)
1,3 and 4
(d)
All of these
79. Land development Banks form a part of the
(a)
Commercial Banks
(b)
Industrial
Development Bank of India
(c)
Food Corporation
of India
(d)
Cooperative
Credit Structure
80. Portfolio Investment consists of the following
1-
Foreign direct
investment
2-
Foreign
institutional investment
3-
American
depository receipts
4-
Global depository
receipts
Which
of the statement(s) given above is/are correct?
(a)
1 and 2
(b)
2,3 and 4
(c)
1 and 4
(d)
1,2 and 3
81. Under the PDS (Public Distribution System)
1-
Central
Government procures the food grains
2-
State Government
transport the grains
3-
State Government
identifies the families below poverty line.
4-
The aim is
economic security of rural poor
Which of the statement(s) given
above is/are correct?
(a)
1,2 and 3
(b)
1,3 and 4
(c)
1 and 3
(d)
All of these
82. Scheduled commercial banks are allowed to borrow at
their own discretion using
(a)
Net demand and
time liabilities
(b)
Marginal standing
facility
(c)
Open market
operation
(d)
None of the above
83. IDR (Indian Depository Receipt) is
(a)
An instrument of
monetary policy used by RBI
(b)
A deposit account
with a depository in India
(c)
An instrument in
the form of depository receipt created by an Indian depository against
underlying equality shares of the issuing company
(d)
An instrument in
the form of deposit receipt issued by an Indian depository
84. Consider the following statements with regard to
India’s Current Account Deficit (CAD)
1-
It is mainly due
to trade deficit
2-
It is due to both
trade deficit and deficit in the invisibles account
3-
It is mainly due
to deficit in the invisibles account
4-
It puts pressure
on the capital account
Which of
the statement(s) given above is/are correct?
(a)
1 and 4
(b)
2 and 4
(c)
Only 3
(d)
3 and 4
85. Problem of high fiscal deficit can be addressed by
1-
Mobilizing funds
through disinvestment of PSUs.
2-
Higher tax on the
rich
3-
Implementation of
goods and services tax.
4-
Rationalizing
subsidies
Which of
the statement(s) given above is/are correct?
(a)
1,3 and 4
(b)
2,3 and 4
(c)
1,2 and 3
(d)
All of these
86. Consider the following with regard to portfolio
Investment:
1-
It is investment
by foreign investors in shares of Indian companies
2-
It is investment
by foreign investors in bonds of Indian companies.
3-
There is a limit
up to which foreign investors can invest in the paid up capital of a company.
4-
There is a limit
to the absolute amount which can be invested by the foreign investors in bonds
of Indian Companies.
Which of
the statement(s) given above is/are correct?
(a)
1,2,3 and 4
(b)
1 and 3
(c)
1 and 2
(d)
Only 1
87. Which of the following is/are debt instruments?
1-
Index linked
bonds
2-
Zero coupon bonds
3-
Non-convertible
debentures
Select the correct answer using the codes given below
(a)
Only 1
(b)
1 and 2
(c)
All of the above
(d)
None of these
88. Consider the following statements
1-
RBI plays an
important role in determining the amount of market borrowings by the government
2-
Interest rate
paid by the government on its borrowings is determined by the market.
Which of the statement(s) given above is/are correct?
(a)
Only 1
(b)
Only 2
(c)
Both 1 and 2
(d)
Neither 1 nor 2
89. Consider the following statements.
1-
Single brand FDI
in retail is permitted up to 100 percent
2-
FDI up to 100
percent is permitted in wholesale cash and carry trade
3-
FDI up to 51
percent will be permitted in multi brand retail
Which of
the statement(s) given above is/are correct?
(a)
1 and 2
(b)
1 and 3
(c)
2 and 3
(d)
All of these
90. The farmers are provided credit from a number of
sources for their short and long-term needs. The main sources of credit to the
farmers include.
(a)
The Primary
Agricultural Cooperative Societies. Commercials banks RRBs and private money
lenders
(b)
The NABARD, RBI,
commercial banks and private money lenders
(c)
The District
Central Cooperative Banks (DCCBs). The lead banks. IRDP and JRY
(d)
The Large Scale
Multi-purpose Adivasis Progranmme, DCCB, IFFCO and commercial banks.
