Q1. of the following is true for economic

Q1.

  World DevelopmentReport is released by?a.      World Bankb.     International Monitory Fundc.      World Economic Forumd.

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     US treasury.Ans: AQ2.  Agriculture is aprime moving force for the Indian Economy because:1.      The country was having thenatural resource of fertile land which was fit for cultivation2.

      Human capital did not requireany kind of higher education.a.      Only 1b.     Only 2c.      Both 1 & 2d.     Neither 1 nor 2Q3.  Indian’s decision,1950, for planned economy was moulded by some contemporary experiences of theworld. They are:a.

      The Great Depression of 1929b.     Command economies led by UUSRperforming much better than market economiesc.      A dominant role for the statein the economy to neutralise the market failures was gaining ground around theworld.d.

     All the aboveAns: DQ4.  Which of thefollowing is/are not examples for the failure of the market economy:a.      Great Depresion, 1929.b.     Global financial Crisis.c.

      USSR disintegrationd.     None of the above.Ans: CQ5.  Which of the following is/are true for’Bombay Plan’?a.      A plan of economic development forIndiab.

     It is prepared by leadingeconomist of Indiac.      The plan was published in1943-44.d.     All the aboveAns: A Q6.  Which of thefollowing is/are true about Inclusive growth?1.      It was in 2000-01 that thegovt. of India came to think clearly about inclusiveness in the economy.2.

      The basic theme of trickledowntheory is Inclusive growth.3.      Inclusive growth was anintegrated concept in 11th plan (2007-2012)a.

       Only 1 & 3b.     Only 2 & 3c.      Only 1 & 2d.

     All 1, 2, and 3.Ans:AQ7.  Which of thefollowing is true for economic reforms in india1.      Economic reforms in india,1991, was a response to balance-of-payments crisis.2.      Rao-Manmohan Govt.

credited tostart the reforms in Indian Economy.a.      Only 1b.     Only 2c.       Both 1 & 2d.     Neither 1 nor 2Ans: CQ8.

Whichof the following is true about “closed economy”?1.  UUSR was bestexample for closed economy2.  Exports and importsare uncontrolleda.       Only 1b.

      Only 2c.      Both 1 & 2d.     Neither 1 nor 2Ans: AQ9.

  Which one of the followingstatements is/are true about the Foreign Direct Investment (FDI)?1. FDI brings in both capital and management skills.2. FDI flows only into the secondary market.3.

FDI is considered to be more stable than FII.a.       Only 1 & 3b.     Only 2 & 3c.      Only 1 & 2d.

     All 1, 2, and 3Ans: A Q10.  In India, in the overall Index of Industrial Production,Eight Core Industries takes prime share. Arrange them in descending order: 1.       coal2.       Crude oil3.       Refinery products4.       Electricity5.

       Steela.       1, 2, 3, 4 and 5.b.      3, 4, 5, 1and 2.c.       4, 5, 3, 1 and 2.d.

      5, 4, 3, 2 and 1.Ans: BQ11. Which of the following are true regarding 1991 BoP crisis?1.

       New industrial Policy,1991 was a response economic crisis2.       IMF helped India in solving BoP crisis unconditionally.a.       Only 1b.     Only 2c.       Both 1 & 2d.      Neither 1 nor 2Ans: AQ12.

 Which ofthe following are true about ‘capital gains’?1.    ‘Capital gains’in India is a taxable income. 2.    Natural increasein the value of the property owneda.      Only 1b.     Only 2c.      Both 1 & 2d.      Neither 1 nor 2Ans: CQ14.

  Consider the followingstatements and chose correct ones:1.      Gross national Product (GNP) isthe GDP of a country added with its ‘income from abroad’.2.      Income from abroad includesPrivate Remittances, Interest on external Loans and external grants.a.      Only 1 trueb.     Only 2 truec.

      Both 1 & 2 are trued.     Neither 1 nor 2 are true.Ans: CQ15.

 Q1. Which of the following statements are true with respectBrexit:1.      Briton can go for FTA (FreeTrade agreement) with India while Brexit process ongoing.

2.      Briton can go for FTAnegotiations only with EU members while Brexit process undergoing.A.     Only 1B.      Only 2C.     Both 1 & 2D.     Neither 1 Nor 2Ans: B