(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 (d) Sampoorna Gramin Rojgar Yojana Ans-b(National Rural Livelihoods Mission) (2)Neeraj Chopra is associated with which …

(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 forces (d) All of these Ans-b(is free from the Government control) (2)The novelist, poet, and …

(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 Ayog Ans-b(The Labour Bureau) (2)The basis of determining dearness allowance to employees in India is________________. …

(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 Die’ is associated with which of the movements in India’s freedom struggle (a) Dandi March …

(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 (c) Jotiba Phule (d) Bharatendu Harish Chandra Ans-d(Bharatendu Harish Chandra) (2)The main effect of Direct …

(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) when there is only one buyer and one seller of a product (d) when there …

(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 existing land (d) raising production by large scale use of imported inputs Ans-c(raising production by …

(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 William Bentinck Ans-d(Lord William Bentinck) (2)Who among the following is a renowned campaigner against manual …

(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 Olympics, what was the final position of Dipa Karmakar in her category? (a) 4 (b) …

(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 Rate Ans-c(Reverse Repo Rate) (2)Movement along the supply curve is known as______________. (a) Contraction of …

(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 Ans-a(Giffen goods) (2)Match the following Form of Market       Number of seller and Buyers 1. Oligopoly …

(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 (d)diminishing Ans-c(market demand) (2)The market structure called monopoly exists where there is exactly_____________seller in any …

(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 demand and supply in which the ‘players’, or the decision makers, were also individuals (buyers …

(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) (2)What is accepted average Calorie requirement for rural area in India? (a)2100 (b)2200 (c)2300 (d)2400 …

(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                 Example 1.Primary        a. Consultancy 2.Secondary    b. Apiculture 3.Tertiary   …

(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 Organizations Ans-c(Members of group) (2)Which amongst the following is not in the list of Maharatna? …

(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 Demand Draft? (a)It is a negotiable instrument. (b)It is a banker’s cheque (c)It may be …

(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 is also regarded as Disguised unemployment? (a)Underemployment (b)Frictional unemployment (c)Seasonal unemployment (d)Cyclical unemployment Ans-a(Underemployment) (3)Which …