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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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