(1)Money transfer through mobile is called_______________. (a) IFSC (b) ATM (c) IMPS (d) IFS Ans-c(IMPS) (2)Which of the following was not a purpose for building

(1)CENVAT is related to which of the following? (a) Sales Tax (b) Excise Duty (c) Custom Duty (d) Service Tax Ans-b(Excise Duty) (2)Malthusian theory is

(1)Saving is that portion of money income that is________________. (a) spent for development of Industries (b) not spent on consumption (c) spent on health and

(1)Which of the following green house gases has the greatest heat-trapping ability? (a) Chlorofluoro carbon (b) Methane (c) Carbon dioxide (d) Nitrous oxide Ans-a(Chlorofluoro carbon)

(1)Swarna Jayanti Gram Swarojgar Yojna has now been restructured as (a) Prime Minister’s Rojgar Yojna (b) National Rural Livelihoods Mission (c) Jawahar Gram Samriddhi Yojana

(1)A ‘Market Economy’ is one which (a) is controlled by the Government (b) is free from the Government control (c) in influenced by international market

(1)Which of the following brings out the ‘Consumer Price Index Number’ for Industrial workers? (a) RBI (b) The Labour Bureau (c) Commerce Department (d) NITI

(1)Which one of the following countries is not a member of the “BRICS” group? (a) Brazil (b) Russia (c) China (d) Indonesia Ans-d(Indonesia) (2)‘Do or

(1)Which of the following was not actively engaged in social and religious reforms in India? (a) Raja Ram Mohan Roy (b) Pandit Iswar Chandra Vidyasagar

(1)Bilateral monopoly situation is (a) when there are only two sellers of a product (b) when there are only two buyers of a product (c)

(1)Intensive cultivation refers to (a) production with intensive use of labour (b) production with intensive use of fertilizer (c) raising production by intensive use of

(1)Which Governor General decided to make English as the medium of instruction in India? (a) Lord Wellesley (b) Lord Hardinge (c) Lord Dalhousie (d) Lord

(1)Who propounded the “Doctrine of Passive Resistance”? (a) Balgangadhar Tilak (b) Aurobindo Ghosh (c) Lala Lajpat Rai (d) Bipin Chandra Pal Ans-b(Aurobindo Ghosh) (2)At Rio

(1)At which rate, Reserve Bank of India borrows money from commercial banks? (a) Bank Rate (b) Repo Rate (c) Reverse Repo Rate (d) Statutory Liquidity

(1)In which of the following case, law of demand fails? (a) Giffen goods (b) Normal goods (c) Inferior goods (d) Both Giffen and Inferior goods

(1)The_______________curve represents the demand of all consumers in the market taken together at different levels of the price of the good. (a)monotonic (b)indifferent (c)market demand

(1)For a price taking firm, average revenue is __________________market price. (a)half of (b)equal to (c)double of (d)less than Ans-b(equal to) (2)The study of individual markets of

(1)Which one of the following is a component of Food Security System? (a)Buffer stock (b)Minimum support price (c)Fair price shops (d)Mid day meals Ans-a(Buffer stock)

(1)‘Neo-Malthusian Theory’is associated with which of the following? (a)Employment (b)Poverty (c)Resource scarcity (d)Income Ans-c(Resource scarcity) (2)Match the following Sector            

(1)Who takes the decision regarding the saving and loan activities in a self Help Group(SHG)? (a)Private Bank (b)Reserve Bank of India (c)Members of group (d)Non-Government

(1)Who gave the ‘General Equilibrium Theory’? (a)J.M. Keynes (b)Leon Walras (c)David Ricardo (d)Adam Smith Ans-b(Leon Walras) (2)Which of the following is not true about a

(1)In which market form, a market or an industry is dominated by a single seller? (a)Oligopoly (b)Monopoly (c)Duopoly (d)Monopolistic Competition Ans-b(Monopoly) (2)Which of the following

(1)When there is only one buyer and one seller of product, it is called_________Situation. (a)Public monopoly (b)Bilateral monopoly (c)Franchised monopoly (d)Monopsony Ans-b(Bilateral monopoly) (2)Which among

(1)Which among the following is not an account under Balance of Payment? (a)Current Account (b)Capital Account (c)Official Reserves Account (d)Unilateral Payments Account Ans-c(Official Reserves Account)

(1)In which market form, a market or industry is dominated by a few firms? (a)Perfect Competition (b)Monopoly (c)Oligopoly (d)Monopolistic Ans-c(Oligopoly) (2)Which amongst the following is

(1)Which one of the following is not an instrument of credit control in India? (a)Rationing of credit (b)Direct Action (c)Open Market operations (d)Variable cost reserve

(1)which of the following rate is charged by banks to their most creditworthy customers? (a)Prime Lending Rate (b)Statutory Liquidity Rate (c)Bank Rate (d)Repo Rate Ans-a(Prime

(1)An economic system combining private and state enterprise is called as________________. (a)Market economy (b)Centrally planned economy (c)Private economy (d)Mixed economy Ans-d(Mixed economy) (2)What was the

(1)Courier service comes under which sector? (a)Primary (b)Secondary (c)Tertiary (d)Both Secondary and Tertiary Ans-c(Tertiary) (2)Which among the following is not a direct tax? (a)Income tax

(1)Which of the following pair/pairs is/are INCORRECT? I.Golden revolution-Fruits production II.Blue revolution-Increasing production of fertilizers III.Yellow revolution-For the production of eggs (a)Only I (b)Only II

(1)Which among the following is not an instrument of fiscal policy? (a)Taxation (b)Public expenditure (c)Public debt (d)Credit Rationing Ans-d(Credit Rationing) (2)Which of the following equation

(1)Which of the following is called GDP Deflator? (a)Ratio of nominal to real GDP (b)Ratio of nominal to real GNP (c)Ratio of nominal to real

(1)What does indifference curve represent? (a)Level of Income and Capital (b)Satisfaction derived from two goods (c)Income from two businesses (d)Relationship between expenditure and savings Ans-b(Satisfaction

(1)After which five-year plan, ‘The Rolling plan’ was implemented? (a)Third Plan (b)Fifth plan (c)Seventh plan (d)Ninth Plan Ans-b(Fifth plan) (2)Which tax causes a burden on

(1)In which of the following market forms a firm does not exercise control over price? (a)Mixed Competition (b)Monopoly (c)Oligopoly (d)Perfect competition Ans-d(Perfect competition) (2)Which of

(1)In a centrally planned economy, the_______________plans all the important activities in the economy. (a)Industrialists (b)Citizens (c)Government (d)Judiciary Ans-c(Government) (2)______________says that if we keep increasing the

(1)The_______________exchange rate is the relative price of foreign goods in terms of domestic goods. (a)Artificial (b)Nominal (c)Fixed (d)Real Ans-d(Real) (2)______________is an alternative way of representing

(1)In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by_____________signals.

(1)A commodity market has a_____________structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another

(1)The closest example of a centrally planned economy is the_______________for the major part of the 20th Century. (a)USA (b)India (c)Soviet Union (d)Japan Ans-c(Soviet Union) (2)______________is

(1)From which of the following, is the GDP of a country not derived from? (a)Agricultural sector (b)Industrial sector (c)International sector (d)Service sector Ans-c(International sector) (2)___________ is

(1)The _____________exchange rate is the price of one unit of foreign currency in terms of domestic currency. (a)Artificial (b)Nominal (c)Fixed (d)Real Ans-b(Nominal) (2)_______________of an input is

(1)The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock

(1)In India the reform policies were first introduced in which year? (a)1951 (b)1971 (c)1991 (d)2001 Ans-c(1991) (2)The_________of a firm is a relationship between inputs used

(1)A_______________deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus. (a)Current Account (b)Savings Account (c)Capital Account

(1)If the_______________firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is

(1)The demand for a inferior good decreases with_______________in the consumer’s income. (a)increase (b)decrease (c)constant (d)double Ans-a(increase) (2)Goods for which the quantity that a consumer chooses,

(1)The demand for a inferior good increases with_______________in the consumer’s income. (a)increase (b)decrease (c)constant (d)double Ans-b(decrease) (2)Goods for which demand move in the opposite direction

(1)If the_________________firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is

(1)The______________balance is the sum of the balance of merchandise trade, services and net transfers from the rest of the world. (a)Current Account (b)Saving Account (c)Capital