Q.1

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

  • 15 to 20 percent
  • 20 to 25 percent
  • 25 to 30 percent
  • 30 to 35 percent
Q.2

Deficit financing leads to inflation in general, but it can be checked if

  • government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
  • only aggregate demand is increased
  • all the expenditure is denoted national debt payment only
  • All of the above
Q.3

Since the inception of the co-operative movement, rural credits has been

  • institutionalized
  • rationalized
  • cheapened
  • All of the above
Q.4

Reserve Bank of India was nationalized in the year

  • 1935
  • 1945
  • 1949
  • 1969
Q.5

Deficit financing implies

  • printing new currency notes
  • replacing new currency with worn out currency
  • public expenditure in excess of public revenue
  • public revenue in excess of public expenditure
Q.6

Subsidies mean

  • payment by government for purchase of goods and services
  • payment made by business enterprises to factors of production
  • payment made by companies to shareholders
  • payment made by the government to business enterprises, without buying any goods and services
Q.7

If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

  • zero
  • equal to government income
  • larger than government income
  • negative
Q.8

The co-operative credit societies have a

  • two-tier structure
  • three-tier structure
  • four-tier structure
  • five-tier structure
Q.9

In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?

  1. A large number of farmers are illiterate and know little about scientific agriculture
  2. Prices of primary products are lower than those of manufactured products
  3. Investment in agriculture has been low when compared to investment in industry

  • I, II, III
  • I, II
  • I, III
  • II, III
Q.10

In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?

  • Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
  • Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
  • Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
  • Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Q.11

National expenditure includes

  • consumption expenditure
  • investment expenditure
  • government expenditure
  • All of the above
Q.12

Regional rural banks

  1. have limited area of operation
  2. have free access to liberal refinance facilities from NABARD
  3. are required to lend only to weaker sections

  • I, III
  • II, III
  • I, II, III
  • I, II
Q.13

National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

  • 1997
  • 1998
  • 1999
  • 2000
Q.14

Foreign Direct Investment ceilings in the telecom sector have been raised frompercent to

  • 80 percent
  • 83 percent
  • 90 percent
  • 100 percent
Q.15

Resurgent India Bonds were issued in US dollar, Pound Sterling and

  • Japanese Yen
  • Deutsche Mark
  • Euro
  • French Franc
Q.16

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

  • 1984
  • 1986
  • 1987
  • 1989
Q.17

If the fiscal deficit of the Union Government is Rs. 75,crores relending to State is Rs. 25,crores, interest payments are Rs. 25,crores, what is the amount of the primary deficit?

  • Rs. 50,000 crores
  • Rs. 25,000 crores
  • Rs. 1,00,000 crores
  • Rs. 1,25,000 crores
Q.18

Which of the following is not a part of machinery that settles industrial disputes?

  • Wage Court
  • Works Committee
  • Conciliation officers
  • Board of Conciliation
Q.19

The apex body for formulating plans and coordinating research work in agriculture and allied fields is

  • State Trading Corporation
  • Regional Rural Banks
  • National Bank for Agriculture and Rural Development (NABARD)
  • Indian Council of Agricultural Research
Q.20

Fiscal deficit in the Union Budget means

  • the difference between current expenditure and current revenue
  • net increase in Union Governments borrowings from the Reserve Bank of India
  • the sum of budgetary deficit and net increase in internal and external borrowings
  • the sum of monetized deficit and budgetary deficit
Q.21

Which of the following is not an undertaking under the administrative control of Ministry of Railways?

  • Container Corporation of India Limited
  • Konkan Railway Corporation Limited
  • Indian Railways Construction Company Limited
  • Diesel Locomotive Works, Varanasi
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