This section consists of 15 questions.
1. Which among the following Five Year Plans was launched with specific objective of "Growth with Stability"?
[A]Third Five year Plan
[B]Fourth Five Year Plan
[C]Fifth Five Year Plan
[D]Sixth Five Year Plan
2. If the demand and supply of a commodity increase by an equal absolute amount , what will be the effect on market price?
[A]Increase
[B]Decrease
[C]Remain Stable
[D]First decrease then increase
3. A rise in price of one commodity will induce a fall in demand of another commodity, then the commodities are___?
[A]Complimentary
[B]Supplementary
[C]Competing
[D]Auxiliary
4. Which among the following is a most suitable example of double counting in national income ?
[A]Wages of bus and train drivers.
[B]Cotton output and cotton cloth output.
[C]Electricity output and water output.
[D]Tax receipts and earnings of inland revenue officials.
5. Which among the following is considered to be the best measure of an increase in a country's economic efficiency ?
[A]Increase in annual private investment.
[B]Increase in real national income.
[C]Increase in real per capita income.
[D]Increase in net annual investment.
6. Why the Transfer incomes are not included in the national income accounts?
[A]They do not represent payment for economic activity.
[B]There is now way of calculating them correctly.
[C]They are already included in the total of personal income.
[D]They are already included in company earnings.
7. An autonomous increase in expenditure should result in an increase in a country's real GNP only if ?
[A]The country's balance of trade is negative.
[B]The country's economy is working under conditions of less than full employment.
[C]It is government expenditure.
[D]The multiplier is at least 1.5.
8. Which among the following is considered to be the main determinant of the level of activity is in national income terms ?
[A]The level of taxation.
[B]Realized investment.
[C]Planned saving.
[D]Factor mobility.
9. Consider the following statements about the Floating Rate Bonds:
1. Coupon rate is not fixed
2. The Coupon rate is reset with reference to a benchmark rate
3. Sold at a discount from the face value
Which among the above statements is/ are correct?
[A]Only 1
[B]1 & 2
[C]2 & 3
[D]1, 2 & 3
10. Consider the following:
1. Dated Securities
2. T-Bills
3. Certificates of Deposit (CDs)
4. Municipal Bonds
The Individuals in India can invest in which among the above?
[A]1
[B]1, 2
[C]1, 2, 3
[D]1, 2, 3, 4
11. The first step towards electronic bond trading in India was the introduction of the RBIs Negotiated Dealing System. In which year NDS was launched?
[A]2000
[B]2002
[C]2003
[D]2004
12. Consider the following statements:
1. Oldest stock exchange of Asia is Kolkata Stock Exchange
2. Oldest tram operating in Asia is Calcutta Tram
Which among the above statements is / are correct ?
(A) 1 only
(B) 2 only
(C) 1 & 2 Both
(D) neither 1 nor 2
13. Consider the following statements:
1. To execute an arbitrage deal, one has to simultaneously enter into deals in two markets where the price differential exists
2. There are Mutual funds, which can help in arbitrage for the investors
Which among the above statements is / are correct?
[A]Only 1 is correct
[B]Only 2 is correct
[C]Both 1 & 2 are correct
[D]Neither 1 nor 2 is correct
14. Consider the following:
1. Low per capita income
2. Low rate of capital formation
3. Working force largely in the tertiary sector
Which among the above is/ are the characters of an underdeveloped economy?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3
14. Consider the following:
1. Prawns
2. Pharmaceuticals
3. Fertilizers
Which among the above is/ are related to Pink Revolution?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3
1. Which among the following Five Year Plans was launched with specific objective of "Growth with Stability"?
[A]Third Five year Plan
[B]Fourth Five Year Plan
[C]Fifth Five Year Plan
[D]Sixth Five Year Plan
2. If the demand and supply of a commodity increase by an equal absolute amount , what will be the effect on market price?
[A]Increase
[B]Decrease
[C]Remain Stable
[D]First decrease then increase
3. A rise in price of one commodity will induce a fall in demand of another commodity, then the commodities are___?
[A]Complimentary
[B]Supplementary
[C]Competing
[D]Auxiliary
4. Which among the following is a most suitable example of double counting in national income ?
[A]Wages of bus and train drivers.
[B]Cotton output and cotton cloth output.
[C]Electricity output and water output.
[D]Tax receipts and earnings of inland revenue officials.
5. Which among the following is considered to be the best measure of an increase in a country's economic efficiency ?
[A]Increase in annual private investment.
[B]Increase in real national income.
[C]Increase in real per capita income.
[D]Increase in net annual investment.
6. Why the Transfer incomes are not included in the national income accounts?
[A]They do not represent payment for economic activity.
[B]There is now way of calculating them correctly.
[C]They are already included in the total of personal income.
[D]They are already included in company earnings.
7. An autonomous increase in expenditure should result in an increase in a country's real GNP only if ?
[A]The country's balance of trade is negative.
[B]The country's economy is working under conditions of less than full employment.
[C]It is government expenditure.
[D]The multiplier is at least 1.5.
8. Which among the following is considered to be the main determinant of the level of activity is in national income terms ?
[A]The level of taxation.
[B]Realized investment.
[C]Planned saving.
[D]Factor mobility.
9. Consider the following statements about the Floating Rate Bonds:
1. Coupon rate is not fixed
2. The Coupon rate is reset with reference to a benchmark rate
3. Sold at a discount from the face value
Which among the above statements is/ are correct?
[A]Only 1
[B]1 & 2
[C]2 & 3
[D]1, 2 & 3
10. Consider the following:
1. Dated Securities
2. T-Bills
3. Certificates of Deposit (CDs)
4. Municipal Bonds
The Individuals in India can invest in which among the above?
[A]1
[B]1, 2
[C]1, 2, 3
[D]1, 2, 3, 4
11. The first step towards electronic bond trading in India was the introduction of the RBIs Negotiated Dealing System. In which year NDS was launched?
[A]2000
[B]2002
[C]2003
[D]2004
12. Consider the following statements:
1. Oldest stock exchange of Asia is Kolkata Stock Exchange
2. Oldest tram operating in Asia is Calcutta Tram
Which among the above statements is / are correct ?
(A) 1 only
(B) 2 only
(C) 1 & 2 Both
(D) neither 1 nor 2
13. Consider the following statements:
1. To execute an arbitrage deal, one has to simultaneously enter into deals in two markets where the price differential exists
2. There are Mutual funds, which can help in arbitrage for the investors
Which among the above statements is / are correct?
[A]Only 1 is correct
[B]Only 2 is correct
[C]Both 1 & 2 are correct
[D]Neither 1 nor 2 is correct
14. Consider the following:
1. Low per capita income
2. Low rate of capital formation
3. Working force largely in the tertiary sector
Which among the above is/ are the characters of an underdeveloped economy?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3
14. Consider the following:
1. Prawns
2. Pharmaceuticals
3. Fertilizers
Which among the above is/ are related to Pink Revolution?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3