McqMate
| 1. |
Trade as an engine of growth was propounded by : |
| A. | Hirschman |
| B. | Nurkse |
| C. | Marshall |
| D. | Robinson |
| Answer» B. Nurkse | |
| 2. |
A decrease in the domestic currency price of foreign currency is: |
| A. | Depreciation |
| B. | Appreciation |
| C. | Euro currency |
| D. | Hedging |
| Answer» B. Appreciation | |
| 3. |
Normal rate quoted in foreign exchange market is: |
| A. | Arbitrage |
| B. | Balance of trade |
| C. | Exchange rate |
| D. | Price rate |
| Answer» C. Exchange rate | |
| 4. |
Balance of payment consist of: |
| A. | Trade in visible |
| B. | Trade in invisibles |
| C. | International capital flows |
| D. | All of the above |
| Answer» D. All of the above | |
| 5. |
Invisible item are the part of ‐‐‐‐‐‐ account of balance of payment. |
| A. | Current |
| B. | Capital |
| C. | Merchandise |
| D. | None of the above |
| Answer» A. Current | |
| 6. |
Devaluation of currency may result in: |
| A. | Increase in export |
| B. | Increase in import |
| C. | Increased capital flow |
| D. | Capital outflow |
| Answer» A. Increase in export | |
| 7. |
Balance of payment take in to account: |
| A. | Visible items |
| B. | Invisible items |
| C. | Both visible and invisible item |
| D. | None of the above |
| Answer» C. Both visible and invisible item | |
| 8. |
A fall in the price of Rupee in terms of foreign exchange is termed as: |
| A. | Depreciation |
| B. | Appreciation |
| C. | Devaluation |
| D. | Revaluation |
| Answer» A. Depreciation | |
| 9. |
Transaction in travel, transportation and insurance between countries is included under: |
| A. | Merchandise |
| B. | Official reserves |
| C. | Invisibles |
| D. | None of the above |
| Answer» C. Invisibles | |
| 10. |
Which of the following transaction is debit in balance of payment; |
| A. | Export of merchandise |
| B. | Export of service |
| C. | Gift from foreigners |
| D. | Gift to foreigners |
| Answer» D. Gift to foreigners | |
| 11. |
Which is the component of capital account of balance of payment: |
| A. | Service payments |
| B. | Portfolio investment |
| C. | Export |
| D. | Interest receipts |
| Answer» B. Portfolio investment | |
| 12. |
Under fixed exchange rate system, when domestic currency is moved to a higher parity in terms of vehicle currency is: |
| A. | Appreciation |
| B. | Depreciation |
| C. | Devaluation |
| D. | Revaluation |
| Answer» D. Revaluation | |
| 13. |
Which one of the following is correct when there is under valuation of domestic currency: |
| A. | Encouraging exports and inflow of capital |
| B. | Foreign goods cheaper and exports dearer |
| C. | Country imports more and exports less |
| D. | There is outflow of capital |
| Answer» A. Encouraging exports and inflow of capital | |
| 14. |
In balance of payment , if current account registers a deficit, the capital and financial account must register a: |
| A. | Deficit |
| B. | Balance |
| C. | Surplus |
| D. | Capital outflow |
| Answer» C. Surplus | |
| 15. |
In all balance of payment accounts, there are a fictitious head of account called: |
| A. | Invisibles |
| B. | Deficits |
| C. | Reserves |
| D. | Errors and omissions |
| Answer» D. Errors and omissions | |
| 16. |
Balance on merchandise and service trade is called: |
| A. | Balance of payment |
| B. | Trade balance |
| C. | Current account |
| D. | Balance on goods and services |
| Answer» C. Current account | |
| 17. |
When demand for US dollars increases under flexible exchange rate system, then: |
| A. | The rupee depreciates |
| B. | The dollar appreciates |
| C. | Both A and B |
| D. | None of the above |
| Answer» C. Both A and B | |
| 18. |
An economic transaction is entered in the balance of payment as a credit, if it leads to: |
| A. | Receipt of payment from foreigners |
| B. | Either the receipt of payment or making of payment |
| C. | A payment to foreigners |
| D. | Neither the receipt nor making of a payment |
| Answer» A. Receipt of payment from foreigners | |
| 19. |
Remittances foe abroad is included in which account of balance of payment: |
| A. | Current account |
| B. | Capital account |
| C. | Visible account |
| D. | Official account |
| Answer» A. Current account | |
| 20. |
Assertion (A) : Devaluation in general is resorted to increase the exports. Reason (R) : It makes exports cheaper. |
| A. | Both (A) and (R) are correct |
| B. | (A) is correct, but (R) is not correct. |
| C. | Both (A) and (R) are incorrect |
| D. | A) is incorrect, but (R) is correct |
| Answer» A. Both (A) and (R) are correct | |
| 21. |
The continuous deficit in the balance of payments of India is due to |
| A. | Continued rise in imports |
| B. | Slow rise in exports |
| C. | Exchange rate volatility |
| D. | All of the above |
| Answer» D. All of the above | |
| 22. |
The ongoing weakening of Rupee against Dollar will cause |
| A. | Indian exports to US will rise |
| B. | Indian exports to US will fall |
| C. | Import from US to India will remain constant |
| D. | Indian exports to US remain constant |
| Answer» A. Indian exports to US will rise | |
| 23. |
If the Rupees per Dollar($) exchange rate changes from Rs 44 to 46 in an year by the market force, it implies |
| A. | Appreciation of $ |
| B. | Depreciation of $ |
| C. | Devaluation of $ |
| D. | Revaluation of $ |
| Answer» A. Appreciation of $ | |
| 24. |
Public finance is said to be: |
| A. | Science of income and expenditure |
| B. | Science of money and cost |
| C. | Science of demand and supply of money. |
| D. | Science of taxes and spending. |
| Answer» A. Science of income and expenditure | |
| 25. |
All the accounts of public authority are subject to: |
| A. | Conceal |
| B. | Audit and inspection |
| C. | Publicity |
| D. | None of above. |
| Answer» B. Audit and inspection | |
| 26. |
Price revenue is popularly known as: |
| A. | Market borrowing |
| B. | Government borrowing |
| C. | Commercial revenue |
| D. | Surplus of public undertakings |
| Answer» C. Commercial revenue | |
| 27. |
Who propounded the doctrine of sound finance: |
| A. | German Historical economists |
| B. | Classical Economists |
| C. | Neo‐ classical economists |
| D. | None of the above |
| Answer» B. Classical Economists | |
| 28. |
The basic principle of Public Finance is: |
| A. | Maximum social advantage |
| B. | Welfare of the government |
| C. | Welfare of the individual |
| D. | All the above. |
| Answer» A. Maximum social advantage | |
| 29. |
A tax is: |
| A. | Voluntary contribution with direct benefit |
| B. | Compulsory contribution with indirect benefit. |
| C. | Compulsory Contribution with no direct benefit. |
| D. | None of the above. |
| Answer» C. Compulsory Contribution with no direct benefit. | |
| 30. |
Which of the following are direct taxes: |
| A. | Gift tax |
| B. | Corporation tax |
| C. | Income tax |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 31. |
From the following which is not a direct tax: |
| A. | Tax income |
| B. | Tax on wealth |
| C. | Tax on expenditure |
| D. | Tax on entertainment |
| Answer» A. Tax income | |
| 32. |
The name of indirect tax is: |
| A. | Sales tax |
| B. | Income tax |
| C. | Corporation tax |
| D. | Wealth tax. |
| Answer» A. Sales tax | |
| 33. |
Taxes raised are credited into: |
| A. | Public Accounts |
| B. | Consolidated Fund |
| C. | Contingency Fund |
| D. | Private Accounts. |
| Answer» B. Consolidated Fund | |
| 34. |
All taxes come under: |
| A. | Capital receipts |
| B. | Public debt |
| C. | Revenue receipts |
| D. | Both (b) and (c). |
| Answer» C. Revenue receipts | |
| 35. |
Who favoured an unbalanced budget: |
| A. | German historical economists |
| B. | Keynesian economists |
| C. | Neo‐ classical economists |
| D. | All of the above. |
| Answer» B. Keynesian economists | |
| 36. |
The concept of functional finance was first developed by: |
| A. | Hugh Dalton |
| B. | Taussig |
| C. | A.P. Lerner |
| D. | None the above. |
| Answer» C. A.P. Lerner | |
| 37. |
Deficit budgeting should be resorted to at a time of: |
| A. | Inflation |
| B. | Depression |
| C. | Boom |
| Answer» B. Depression | |
| 38. |
Fiscal policy is related to: |
| A. | Public revenue and expenditure |
| B. | Exports and Imports |
| C. | Issues and circulation of currencies. |
| D. | Money supply. |
| Answer» A. Public revenue and expenditure | |
| 39. |
“The Law of Increase of state Activities” was explained by: |
| A. | Dalton |
| B. | AC.Pigou |
| C. | Adolph Wagner |
| D. | None of the above |
| Answer» C. Adolph Wagner | |
| 40. |
The Critical limit Hypothesis was explained by: |
| A. | Wiseman |
| B. | A. Wagner |
| C. | Colin Clark |
| D. | None of the above |
| Answer» C. Colin Clark | |
| 41. |
Public debt implies loans raised by a government: |
| A. | Within the country |
| B. | Outside the country |
| C. | Both (a) and (b) |
| D. | None of the above |
| Answer» C. Both (a) and (b) | |
| 42. |
Who is the chairman of the first finance commission? |
| A. | KC.Neogi |
| B. | AK.Chanda |
| C. | K.Santhanam |
| D. | None of the above |
| Answer» A. KC.Neogi | |
| 43. |
Loans on projects yielding income is: |
| A. | Productive |
| B. | unproductive |
| C. | Short term |
| D. | None of the above |
| Answer» A. Productive | |
| 44. |
When income of the government is greater than its expenditure, the budget is: |
| A. | balanced |
| B. | surplus |
| C. | deficit |
| D. | none of the above |
| Answer» B. surplus | |
| 45. |
Chairman of the Thirteenth Finance Commission is: |
| A. | AM.Khusro |
| B. | KC.Pant |
| C. | Vijay Khelkar |
| D. | C.Rangarajan |
| Answer» C. Vijay Khelkar | |
| 46. |
Chairman of the Finance Commission is appointed by: |
| A. | Prime Minister |
| B. | President |
| C. | Chief Justice |
| D. | None of the above |
| Answer» B. President | |
| 47. |
When income and expenditure of the government are equal, the budget is: |
| A. | deficit |
| B. | surplus |
| C. | balanced |
| D. | none of the above |
| Answer» C. balanced | |
| 48. |
Budget is presented in the Parliament as per: |
| A. | Article 280 |
| B. | Article 112 |
| C. | Article 202 |
| D. | None of the above |
| Answer» B. Article 112 | |
| 49. |
The largest contributing sector to GDP at the time of independence in India is: |
| A. | Agriculture |
| B. | Industry |
| C. | Service |
| D. | None |
| Answer» A. Agriculture | |
| 50. |
The contribution of Primary sector to GDP in 2011‐12 is: |
| A. | 13.9 |
| B. | 14.5 |
| C. | 56.5 |
| D. | 29.1 |
| Answer» A. 13.9 | |
| 51. |
The average annual growth rate of agriculture realized in the 11th Five Year Plan: |
| A. | 4% |
| B. | 3.3% |
| C. | 5% |
| D. | 6% |
| Answer» B. 3.3% | |
| 52. |
The targeted growth rate of agriculture in the 11 th Five Year Plan: |
| A. | 3.3% |
| B. | 2.5% |
| C. | 4% |
| D. | 9% |
| Answer» C. 4% | |
| 53. |
The largest employment providing sector in Indian economy at present is: |
| A. | Agriculture |
| B. | Industry |
| C. | Service |
| D. | None |
| Answer» A. Agriculture | |
| 54. |
According to 2010‐11 estimates the percent of people worked with agriculture is: |
| A. | 80.5% |
| B. | 52.1% |
| C. | 27% |
| D. | 23% |
| Answer» B. 52.1% | |
| 55. |
Which one is the least important exportable item of agriculture sector? |
| A. | Tea |
| B. | Sugar |
| C. | spices |
| D. | Vegetables |
| Answer» D. Vegetables | |
| 56. |
The contribution of Industrial sector to GDP in 2011‐12 is: |
| A. | 13.9 |
| B. | 14.5 |
| C. | 27% |
| D. | 29.1 |
| Answer» C. 27% | |
| 57. |
Who is considered as the Father of Indian Green Revolution? |
| A. | Norman Borlaug |
| B. | Varghese Kurian |
| C. | M.S. Swaminathan |
| D. | None |
| Answer» C. M.S. Swaminathan | |
| 58. |
Green Revolution takes place in the year: |
| A. | 1950 |
| B. | 1960 |
| C. | 1966 |
| D. | 1963 |
| Answer» C. 1966 | |
| 59. |
High Yielding Varieties Programme was launched in: |
| A. | 1966. |
| B. | 1960 |
| C. | 1965 |
| D. | 1963 |
| Answer» A. 1966. | |
| 60. |
Intensive Agricultural District Programme was introduced as a pilot project in: |
| A. | 1960‐61 |
| B. | 1964‐65 |
| C. | 1965‐66 |
| D. | 1963‐64 |
| Answer» A. 1960‐61 | |
| 61. |
HYV is related mainly with the input of agriculture: |
| A. | Water |
| B. | Seeds |
| C. | Implements |
| D. | All |
| Answer» B. Seeds | |
| 62. |
The apex institution in agriculture credit is : |
| A. | RBI |
| B. | RRBs |
| C. | NABARD |
| D. | None |
| Answer» C. NABARD | |
| 63. |
Food Corporation of India was established in the year: |
| A. | 1960 |
| B. | 1966 |
| C. | 1965 |
| D. | 1969 |
| Answer» C. 1965 | |
| 64. |
The Green Revolution is otherwise known as : |
| A. | White Revolution |
| B. | Blue Revolution |
| C. | Wheat Revolution |
| D. | None |
| Answer» C. Wheat Revolution | |
| 65. |
The Green Revolution does not increase the production of : |
| A. | Rice |
| B. | Wheat |
| C. | Maize |
| D. | Pulses |
| Answer» D. Pulses | |
| 66. |
The Green Revolutionin India is mainly centered |
| A. | UP |
| B. | Tamil Nadu |
| C. | Kerala |
| D. | Punjab |
| Answer» D. Punjab | |
| 67. |
The ‘Permanent Settlement Act’ was introduced in India in: |
| A. | 1793. |
| B. | 1760 |
| C. | 1965 |
| D. | 1963 |
| Answer» A. 1793. | |
| 68. |
Which is the least oppressive system of land tenure in India? |
| A. | Zamindari system |
| B. | Mahalwari System |
| C. | Ryotwari system |
| D. | All |
| Answer» C. Ryotwari system | |
| 69. |
The major parts of the land area covered by the land tenure system is: |
| A. | Zamindari system |
| B. | Mahalwari System |
| C. | Ryotwari system |
| D. | All |
| Answer» B. Mahalwari System | |
| 70. |
The first Industrial Policy Resolution was passed in India in: |
| A. | 1948. |
| B. | 1950 |
| C. | 1947 |
| D. | 1958 |
| Answer» A. 1948. | |
| 71. |
Which plan is known as Industrial Plan? |
| A. | First |
| B. | Second |
| C. | Third |
| D. | Eleventh |
| Answer» B. Second | |
| 72. |
The latest Index of Industrial Production(IIP) is based on: |
| A. | 2004‐05 |
| B. | 1993‐94 |
| C. | 1965‐66 |
| D. | 1963‐64 |
| Answer» A. 2004‐05 | |
| 73. |
Which is the largest contributing sector to India’s GDP? |
| A. | Agriculture |
| B. | Industry |
| C. | Service |
| D. | None |
| Answer» C. Service | |
| 74. |
The contribution of service sector to GDP in 2011‐12 is: |
| A. | 13.9 % |
| B. | 14.5% |
| C. | 56.3% |
| D. | 29.1% |
| Answer» C. 56.3% | |
| 75. |
Which productive sector shows highest growth rate in India in 2011‐12 |
| A. | Agriculture |
| B. | Industry |
| C. | Service |
| D. | None |
| Answer» C. Service | |
| 76. |
The growth rate of service sector in 2011‐12 is: |
| A. | 3.3 % |
| B. | 9.4% |
| C. | 10.5% |
| D. | 6.3 % |
| Answer» B. 9.4% | |
| 77. |
In the service sector which subsector shows highest growth rate? |
| A. | Trade, hotels and restaurants |
| B. | Financing, Insurance, Real Estate |
| C. | Community, Social and Personal services |
| D. | Transport, storage and communication |
| Answer» A. Trade, hotels and restaurants | |
| 78. |
Economic reforms were first introduced in India in: |
| A. | 1947 |
| B. | 1950 |
| C. | 1991 |
| D. | 2001 |
| Answer» C. 1991 | |
| 79. |
The most important paradox in the Kerala economy is; |
| A. | Development with growth |
| B. | Development without growth |
| C. | Growth with Development |
| D. | Growth without Development |
| Answer» B. Development without growth | |
| 80. |
Kerala was top in the production of: |
| A. | Rice |
| B. | Banana |
| C. | Rubber |
| D. | All |
| Answer» C. Rubber | |
| 81. |
The total land area of Kerala is: |
| A. | 37,863 Sq Km |
| B. | 36,863 Sq Km |
| C. | 39,863 Sq Km |
| D. | 38,863 Sq Km |
| Answer» D. 38,863 Sq Km | |
| 82. |
In the size of land area Kerala was in the : |
| A. | 20th position. |
| B. | 25th position. |
| C. | 21st position. |
| D. | 15thposition |
| Answer» C. 21st position. | |
| 83. |
According to the national HDR 2011 Kerala’s HDI value is: |
| A. | 0.79 |
| B. | 0.59 |
| C. | 0.50 |
| D. | 0.90 |
| Answer» A. 0.79 | |
| 84. |
According to the national HDR 2011 Kerala’s HDI rank is: |
| A. | 1st |
| B. | 2nd |
| C. | 3rd |
| D. | 4th |
| Answer» A. 1st | |
| 85. |
According to the 2011 census Kerala’s population is; |
| A. | 3,18,87,677 |
| B. | 3,33,87,677 |
| C. | 3,40,17,677 |
| D. | 3,13,87,677 |
| Answer» B. 3,33,87,677 | |
| 86. |
Infant Mortality rate in Kerala according to the 2011 census is: |
| A. | 15 |
| B. | 11 |
| C. | 13 |
| D. | 9 |
| Answer» C. 13 | |
| 87. |
The growth rate of Kerala economy in 2010‐11 is: |
| A. | 8.7 |
| B. | 7.8 |
| C. | 6.9 |
| D. | 9.13 |
| Answer» D. 9.13 | |
| 88. |
The growth rate of per capita income in the Kerala economy in 2010‐11 is: |
| A. | 7.33 |
| B. | 6.33 |
| C. | 6.9 |
| D. | 8.33 |
| Answer» D. 8.33 | |
| 89. |
The contribution of the tertiary sector to the Kerala economy in 2010‐11 is: |
| A. | 17.33 |
| B. | 11.06 |
| C. | 20.13 |
| D. | 68.81 |
| Answer» D. 68.81 | |
| 90. |
The largest contributor to the state economy in 2010‐11 is: |
| A. | Primary |
| B. | Secondary |
| C. | Tertiary |
| D. | None |
| Answer» C. Tertiary | |
| 91. |
The Kerala Land Reforms Act was passed in the year: |
| A. | 1963 |
| B. | 1969 |
| C. | 1970 |
| D. | 1954 |
| Answer» A. 1963 | |
| 92. |
The Kerala state was formed in: |
| A. | 1954 |
| B. | 1955 |
| C. | 1956 |
| D. | 1957 |
| Answer» C. 1956 | |
| 93. |
The Kerala Panchayat Raj Act was enacted by the UDF government in: |
| A. | 1995 |
| B. | 1994 |
| C. | 1996 |
| D. | 1997 |
| Answer» A. 1995 | |
| 94. |
The initial name of the decentralized planning in Kerala is: |
| A. | People's Plan Campaign |
| B. | Kerala Development Plan |
| C. | Both |
| D. | None |
| Answer» A. People's Plan Campaign | |
| 95. |
The People's Campaign for Decentralized Planning was formally inaugurated on: |
| A. | 15th August 1995 |
| B. | 11th November 1994 |
| C. | 17th August 1996 |
| D. | None |
| Answer» C. 17th August 1996 | |
| 96. |
Which is referred as the heath paradox in Kerala: |
| A. | Good health at high cost |
| B. | Good health at low cost |
| C. | Both incorrect |
| D. | None |
| Answer» B. Good health at low cost | |
| 97. |
The Couple protection rate in Kerala according to the 2011 estimates: |
| A. | 62.3% |
| B. | 52% |
| C. | 48% |
| D. | 58% |
| Answer» A. 62.3% | |
| 98. |
The District Primary Education Program (DPEP) introduced in the State during: |
| A. | 1994‐95 |
| B. | 1995‐96 |
| C. | 1996‐97 |
| D. | 1998‐99 |
| Answer» A. 1994‐95 | |
| 99. |
The literacy rate of Kerala in 2011: |
| A. | 91.91 |
| B. | 90.92 |
| C. | 93.91 |
| D. | 95.94 |
| Answer» C. 93.91 | |
| 100. |
The district with largest number of out‐migrants from Kerala is: |
| A. | Kottayam |
| B. | Ernakulam |
| C. | Palakkad |
| D. | Malappuram |
| Answer» C. Palakkad | |
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