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Revaluation
B. Devaluation*
Q.1 Personal Disposable C. Depreciation
income is: D. Appreciation
A. Always equal to personal
income Q.4 Marginal propensity to
B. Always more than personal consume means:
income A. Inclination to conspicuous
C. Equal to personal income consumption
minus direct taxes* B. Low income group spending
D. Equal to personal income more
minus indirect taxes C. Rate of income spend on
consumption
Q.2 The phenomenon of D. The rate of extra income
increase in money wages that that will be spent on
leads to increases in consumption*
unemployment is shown by:
A. Speculative demand curve Q.5 Human capital formation
B. Phillips Curve* refers to:
C. Aggregate supply A. The process of increasing
D. Income consumption curve the number of people
B. The process of physical
Q.3 An official reduction in the growth of capital
value of home currency in C. The process of increasing
terms of foreign currency is knowledge, skills and
known as: capacities of all people*
D. The process of providing D. None
more facilities to the people
Q.9 The services of a house
Q.6 Inflation cannot be caused wife are:
by: A. Not part of Production*
A. Cost push factor B. A part of production
B. Excessive money supply C. A part of consumption
C. Excessive production* D. Not a part of consumption
D. Demand Pull factors
Q.10 Frictional unemployment
Q.7 Three methods of exists:
computing the national A. When there is a decrease in
income are: real GDP
A. Savings, investment and B. Because it takes time to
income methods find a job when one is first
B. Outlay, depreciation and entering the labour force*
production methods, C. As a result of technological
C. Production, outlay and change
income methods* D. When an individual retires
D. Revenue, consumption and
production methods Q.11 The natural rate of
unemployment equals the
Q.8 National income is a: sum of those who are:
A. Cross section analysis A. Frictionally and structurally
B. Flow concept* unemployed*
C. Stock concept
B. Frictionally and cyclically B. Value added method
unemployed C. Expenditures method
C. Structurally and cyclically D.Net output method*
unemployed
D. Frictionally structurally and Q.14 What is Narrow Money
cyclically unemployed A. The sum of currency in
circulation and the demand
Q.12 Capital output ratio of a deposits in banks*
commodity measures B. The sum of M1 money and
A. The per unit cost of the time deposits
production C. The sum f currency in
B. The amount of capital circulation with the public and
invested per unit of output * the cash reserves held by
C. The ratio of capital banks
depreciation to quantity of D. The market value of the
output stock held by all the holders
D. The ratio of working capital excluding the promoters
employed to quantity of
output Q.15 Devaluation of money
means
Q.13 The method of A. Decrease in the internal
calculating the national value of money
income by the product B. Decrease in the external
method is otherwise known as value of money *
C. Decreases in both internal
A. Income method and external values of money
D. The government takes back A. Good money replaces bad
currency notes of any money in circulation
denomination B. Bad money replaces good
money in circulation*
Q.16 Devaluation usually C. Good money promotes bad
causes the internal prices to money in the system
A. Fall D. Bad money promotes good
B. Rise money in the system
C. Remain unchanged* Q.20 In a Laissez-faire
D. None of these economy
A. The customers take all the
Q.17 Dear Money means decisions regarding
A. Low rate of interest production of all the
B. High rate of interest * commodities
C. Depression B. The government does not
D. Inflation interfere in the free
functioning of demand and
Q.18 Legal Tender Money supply forces in the market *
refers to C. The private-sector takes all
A. Cheques the decisions for price-
B. Drafts determination of various
C. Bill of exchange commodities produced
D. Currency notes* D. The governments controls
the allocation of all the factors
Q.19 Greshams Law means of production
Q.21 Inequality: A. Footwear
A. Creates new challenges in B. Automobiles*
terms of domestic social C. Jewellery
stability, migration, and D. Clothing and accessories
political violence.
B. Has become more Q.24 Globalization has
important as globalization created new opportunities of:
empowers sub-state actors. A. Employment
C. Has caused scholars to B. Emerging multinationals
reconsider the helpfulness of C. Providing services
the term "Third World". D. All of the above*
D. All of the options given are
correct* Q.25 One major government
initiative to attract foreign
Q.22 WTO aims at: companies to invest in India
A. Establishing rules for is:
domestic trade A. To raise the standard of
B. Restricting trade practices education. B. To promote
C. Liberalizing international unemployment in the public
trade* sector
D. None of these C. To build special economic
zones*
Q.23 Which out of the D. Both B and B
following industries has a
large number of well-of Q.26 Globalization has posed
buyers in urban areas? major challenges for:
A. Big producers C. More support to small
B. Small producers* producers
C. Rural poor D. All of the above*
D. None of these
Q.30 Government can make
Q.27 With the growing globalization more 'fair' by:
competition, most employers A. Increasing competition
these days prefer to employ B. Increasing employment
workers: C. Implementing the labour
A. Flexibly* laws*
B. Quickly D. Imposing trade barriers
C. Selectively
D. None of these Q.31 The past two decades of
globalization has seen rapid
Q.28 Globalization movements in:
opportunities for paid work for A. Goods, services and people
women have denied them: between countries
A. Good health B. Goods, services, people
B. Good education and investments between
C. Permanent job* countries*
D. None of these C. Goods, investments and
people between countries
Q.29 Fair globalization would D. one of these
mean:
A. Fair opportunities for all Q.32 The most common route
B. Fair benefits for all for investments by MNCs in
countries around the world is A. Cheap goods
to: B. Cheap labour resources*
A. Set up new factories C. Economic sustainability
B. Buy existing local D. None of these
companies
C. Form partnerships with Q.36 Ford Motors entered the
local companies* Indian automobile business in
D. Both A and B collaboration with which
Indian manufacturer?
Q.33 Globalization has led to A. Mahindra and Mahindra*
higher standards of living of: B. Tata Motors
A. Well-of consumers* C. Maruti Suzuki
B. Poor consumers D. Hindustan Motors
C. Big producers
D. Small producers Q.37 What is happening with
the import of Chinese toys in
Q.34 A company that owns or India?
controls production in more A. Indian toys are selling more
than one nation is called: B. Indian consumers are
A. Multinational corporation* buying less
B. Joint stock company C. Indian consumers are
C. Global company getting more choice at
D. None of these cheaper rates*
D. Chinese consumers are
Q.35 Where do MNCs choose falling short of choice
to set up production?
Q.38 Trade between countries: B. Increase in income and
A. Determines prices of wealth
products in diferent C. Willingness to cooperate
countries* D. Rapid improvement in
B. Decreases competition technology*
between countries
C. Makes a country dependent Q.41 If tax is imposed on
on the other Chinese toys, what will
D. None of these happen?
A. Chinese toy-makers will
Q.39 Globalization by benefit
connecting countries leads to: B. Indian toy-makers will
A. Lesser competition among prosper*
producers C. Chinese toys will remain
B. Greater competition among cheap
producers* D. Indian consumers will buy
C. No competition between more Chinese toys
producers
D. None of these Q.42 Which out of the
following is an example of a
Q.40 One major factor that trade barrier?
has stimulated the A. Foreign investment
globalization process is: B. Delay or damage of goods
A. Efective utilization of C. Tax on imports*
resources D. None of these
Q.43 Removing barriers or A. Special technical
restrictions set by the enhancement programme for
government is called: women
A. Liberalization* B. Support to training and
B. Investment employment programme for
C. Favourable trade women*
D. Free trade C. Special care and technical
help for women
Q.44 The top priority of Janani D. None of these
Suraksha Yojana is:
A. Decrease the fertility rate Q.47 The Human
B. Reduce the birth rate Development Index (HDI)
C. Reduction of MMR* summarizes a great deal of
D. None of these social performance in a single
composite index, combining:
Q.45 How much was A. Disparity reduction rate,
Millennium development goals human resource development
target of MMR for India? rate and the composite index
A. 109* B. Longevity, education and
B. 134 living standard*
C. 168 C. Minimum schooling, adult
D. 198 literacy and tertiary
educational attainment
Q. 46 STEP stands for: D. Human resource training,
development and R&D.
educational attainment of
Q.48 Longevity is a proxy for females*
___________ in the Human
Development Index. Q.50 Who can become a
A. Health and nutrition* Business Correspondent for
B. Living standard Banks?
C. Infant mortality 1. Self Help Groups (SHGs)
D. Purchasing Power Parity 2. Panchayats
3. Khadi and Village Industries
Q.49 What is the meaning of units
Gender Paradox ? 4. Village Knowledge Centres
A. High female labour force 5. Post Offices
participation and low A. Only 5
educational attainment of B. Both 2 and 5
females C. Both 4 and 5
B. Low female labour force D. All of the above*
participation and high
educational attainment of Q.51 Womens Reservation Bill
females which seeks to reserve one
C. Low female labour force third of all seats for women in
participation and low the Lok Sabha and the State
educational attainment of Legislative Assemblies is
females related to which of the
D. High female labour force following Constitution
participation and high Amendment Bill?
A. 105
B. 106 each of the States of AP, MP,
C. 107 HP, Telangana, Orissa,
D. 108* Jharkhand, Chattisgarh,
Rajasthan, Maharashtra and
Q.52 Which of the following Gujarat.
Article of Indian Constitution is 3. Under this scheme centre
related to the Duty of the has provided Rs. 10 crore for
State to raise the level of each block for development of
nutrition and the standard of various facilities for the
living and to improve Public Tribals.
Health? A. Only 1 and 2
A. 44 B. Only 1 and 3
B. 45 C. Only 2 and 3
C. 46 D. All*
D. 47*
Q.54 Identify correct
Q.53 Identify correct statements regarding AQI.
statements regarding 1. Air Quality Index (AQI) is a
Vanbandhu Kalyan Yojana One Number- One Colour-One
(VKY)? Description mechanism to
1. Centre has launched judge the air quality within
Vanbandhu Kalyan Yojana one's vicinity.
(VKY) for the welfare of 2. This index has been
Tribals. constituted as part of the
2. The scheme been launched Governments mission to
on pilot basis in one block introduce the culture of
cleanliness across the country 3. State Public Service
under Swachh Bharat Mission. Commission
3. AQI is a tool for efective 4. Election Commission
dissemination of air quality 5. Central Bureau of
information for the people. Investigation
A. Only 1 and 2 A. 2, 3 and 4*
B. Only 1 and 3 B. 1, 2 and 3
C. Only 2 and 3 C. 1, 2, 3 and 4
D. All* D. All