Chaitanya Institute for Competitive Exams -- June 2013 Batch
61. A) The Directorate of Enforcement is mainly concerned with the enforcement of the provisions of the Foreign
Exchange Management Act 1999. b) The Directorate is also responsible for adjudication of the Foreign Exchange Regulations Act, 1973 cases
Which of the following statement is correct? a) Only 1 b) only 2 c) Both 1&2 d) Neither 1 nor 2
62. Consider the following
1) The central sales tax is levied under the provisions of the central Sales Tax Act 1956 on the sale of goods and
Services of interstate trade or commerce.
2) The introduction of state VAT is the most significant tax reform measure at the state level.
Which of these statements is/are correct?
A) Only 1 B) Only 2 C) Both 1 and 2 D) Neither 1 nor 2
63. Which of the following is an example of the instrument of Money market in India? a) Shares of blue chip companies b) Certificate of deposits issued by banks c) Gold and Gold Bonds d) National Saving Certificates
64. According to the Law of diminishing utility. a) utility is maximum with the first unit b) Increasing units of consumption increase the marginal utility c)Marginal product will fail as more units are consumed d) Total utility will rise at a failing rate as more units are consumed
65. A country in general resorts to devaluation of its currency to: a) Convert deficit in her balance of payments b) eliminate surplus in her balance of payments c) Satisfy the conditions laid down by the IMF d) Increase her overall imports
66. Consider the following:
1) Inter - state inequality in India is replaced in the Lorenz ratio
2) The Tendulkar Committee suggested a new formula based on consumption expenditure for identifying BPL families
Which of these statements is/are correct? a) Only 1 b) only 2 c) Both 1&2 d) Neither 1 nor 2
67. Which of the following sources are used to finance the Indian Five Year Plan?
1) Government Savings 2) small savings 3) Market borrowings by government 4) contribution of public enterprises
Choose the correct answer:
A) 1,2,3 and 4 B) 1,2,3 only 3) 1,3 and 4 only 4) 1 and 2 only
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Chaitanya Institute for Competitive Exams -- June 2013 Batch
68. A “Hard Currency” is a currency:
1)which is scarcely available in the international market 2) which is generally in demand in international markets
3)which can be used for any international transactions 4) which is used by IMF
Select the correct answer: a) 1,2,3,4 b) 1, 2, 4 c) 2, 3 d) 2, 3, 4
69. Which of the following countries demonstrated lowest life expectancy, according to the Human Development
Report 2010? a) India b) Nepal c) Pakistan d) Bangladesh
70. The Government of India has recently banned Foreign Direct Investment (FDI) in: a) Tobacco b) Telecom c) FM Radio d) Defence
71. Net National product is defined as: a) GNP-depreciation b) GNP+depreciation c) GDP-net factor income from abroad d) GDP+net factor income from abroad
72. Which of the following countries according to Human Development report, 2010 has shown fastest progress in human development over the period from 1970 to 2010? a) Nepal b) Pakistan c) Indonesia d) Oman
73. Which of the following economists has proposed the concept of poverty as “Capability Deprivation”? a) Amartya Sen b) Raghuram Rajan c) Jean Dare d) Suresh Tendulkar
74. The term “food credit” in the context of RBI’s credit/monetary policy implies: a) credit available with the people for purchasing of food b) credit given by banks to fair price shops c)credit given by banks to farmers for production of food grains d) credit given by banks to food corporation of India for procurement of food grains
75. The sector which constitutes maximum in the index of inflation in India is? a) Information Technology b) Agriculture c) Manufactured products d) Crude oil
76. Consider the following:
1) Foreign currency assets are maintained by RBI only 2) Foreign currency assets are maintained by Government of
India only 3) Foreign currency assets are maintained only in US dollars
Which of the following is correct? a) 1only b) both 1 & 2 c) 2only d) both 1 & 3
77. The National investment fund is being planned by union. It is to avail finance support to:
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Chaitanya Institute for Competitive Exams -- June 2013 Batch a) Projects of social sector developments b) development of infrastructure in suburban region c) pension fund for labourers of non regularised sector d) prime ministers’ rural road scheme
78. According to the union budget 2012-13 consider the following:
1) Maximum revenue goes to central plan 2) central plan expenditure is followed by the defence expenditure
Choose the correct statement: a) 1only b) 2only c) both 1 and 2 d) none of the above
79. The current financial stability board comprises of:
1) Central banks 2) supervisory authorities 3) international regulatory and supervisory groupings
Choose the correct one: a) 1 & 3 only b) 2 & 3 only c) 1 & 2 only d) all of the above
80. The term FSDC stands for: a) Financial Stability and Development Council b) Financial Service and Development Council c) Financial Service and Department Council d) Fiscal Stability and Development Council
81. Match the following with list I and list II
Country Sensex a) Japan 1) KOSPI Index b) South Korea 2) TSEC weighted index c) Taiwan 3) SSE composite index d) China 4) Nikkei 225 a) 1 2 3 4 b) 4 3 2 1 c) 2 3 4 1 d) 4 1 2 3
82. Debenture is a: a) certificate issued by company promising the payment of specified amount at a fixed rate of interest after a specified period b) certificate for the investment in shares c) certificate for the preference share d) dividend warrant
83. Globalisation of Indian economy means: a) stepping up external borrowings b) establishing Indian business units abroad c) having minimum possible restrictions on economic relations with other countries d) giving up programmes of import substitution
84. Match the following
Industries Location a) Cement 1) Sindri
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Chaitanya Institute for Competitive Exams -- June 2013 Batch b) Paper 2) Ootacamund c) Fertilizer 3) Nepanagar d) photo film 4) Katni a) 4 3 1 2 b) 1 2 3 4 c) 2 1 4 3 d) 1 4 2 3
85. Which of these is/are about “Sagar Mala” project?
1) This project is started under the shipping ministry of India 2) this project aims at the rapid capacity expansion and modernization of ports along India’s west and east coasts 3) this project also aims at the development of inland navigation 4) the investment is estimated at Rs. 100,000 crores over the next 10 years
Which of these statement is correct? a) 1 2 & 3 b) 1 3 & 4 c) 1 2 & 4 d) All are true
86. What is dual pricing? a) Wholesale price and retail pricing b) pricing by agents and pricing by retailers c) price fixed by Government and price in open market d) daily prices and weekly prices
87. During which of the following 5 year plans were the ‘Minimum Needs Programmes’ introduced in India? a) Third b) fourth c) fifth d) sixth
88. First generation economic reforms consisted of reforms in:
1) External sector 2) financial sector c) Industrial sector 4) fiscal sector
Select the correct answer from the codes given below: a) 1 2 3 & 4 b) 3 only c) 2 3 & 4 only d) 2&3 only
89. Which of the following methods is not used in determining National Income of a country? a) Income method b) output method c) input method d) investment method
90. According to the planning commission estimates, infrastructural development in the 12 th five year plan will require funds to the tune of: a) Nearly 1 trillion US dollars b) Nearly 2 trillion US dollars c) over 1 trillion rupees d) over 2 trillion rupees
91. Among the given which is/are the source of black money in India?
1) Tax evasion 2) Import licenses 3) Transactions in heavy industries 4) transactions in public sector 5) forged and counter-feat currency
Which one is correct? a) Only 1 b) only 1&5 c) only 1&4 d) 1 2 3 4 & 5
92. Consider the following
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Chaitanya Institute for Competitive Exams -- June 2013 Batch
1) Indian rupee has joined the elite club of the US dollar, the European euro; the British pound the Japanese yen and the Chinese Yuan
2) It would be included in the Unicode Standard and major scripts of the world so as to ensure that it is easily displayed and printed in the electronic and print media
Which of the following is correct? a) Only 1 b) only 2 c) both 1&2 d) Neither 1 nor 2
93. Consider the following regarding ‘sunset clause’?
1) The RBI is likely to announce a sunset clause with a deadline of June 30 2011 for all loans in the erstwhile benchmark prime lending rate (BPLR) system to help banks migrate to the new base ate model
2) A sunset clause is issued to determine length of time that a person could hold a certain position too
Which of the following is correct? a) Only 1 b) only 2 c) both 1&2 d) Neither 1 nor 2
94. The resource in any economy is: a) Constantly increasing b) fixed at any movement c) constantly decreasing d) able to be transferred easily between industries
95. ‘Committed to improving the state of the world’ is the motto of which of the following? a) Transparency International b) World bank c) Bill & Melinda Gates foundation d) world economic forum
96. Consider the following
1) Antrix corporation is a commercial wing in ISRO
2) It is listed on the National Stock Exchange
Which of the following is correct? a) Only 1 b) only 2 c) both 1&2 d) Neither 1 nor 2
97. India was recently appointed Co-Chairman of the Asia Pacific Regional Review group of the: a) UN Security Council b) World Bank c) International Accounting Standards Board d) Financial Action Task
Force(FATF)
98. The Government has introduced 3 new consumer price index- CPI (rural), CPI (urban), CPI (combined) with 2010 as base year recently. Which of the following is not among the 5 major commodity groups covered in the indices? a) Food, beverages and tobacco b) fuel & light c) education & schooling d) Housing
99. The economic survey 2010-11 introduced a new indicator- Index of government economic power (IGEP) - a ranking of 112 governments based on four parameters recently. Which of the following are the parameters?
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Chaitanya Institute for Competitive Exams -- June 2013 Batch a) Government revenues b) foreign currency reserves c) expenditure on defence d) export of goods & services
100. Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System for speedy analysis of data and identification of violations: a) IRDA b) SEBI c) RBI d) TRAI
101. Primary gold is a gold of:
A) 18carat b) 22carat c) 20carat d) 24carat
102. Which of the following index has the highest weightage for item group fuel and electricity? a) All India CPI b) rural GPI c) urban CPI d) all the three have equal weightage
103. The base year taken in newly introduced all India CPI, rural GPI, urban CPI is:
A) 2004-05 b) 2006-07 c) 2009-10 d) 2010
104. The pre- matric scholarship scheme for minority communities student – a centrally 75:25% state fund share/grant sponsored scheme was launched on 1 st April
A) 2005 b) 2006 c) 2007 d) 2008
105. Green box and blue box measures relate to a) Nature of tariffs b) effect of subsidy c) Measures of pollution control d) patents for medicines
106. The concept of ‘Immiserizing Growth’ was proposed by: a) Jagadeesh Bhagwati b) Amartya Sen
107. Grebe accounting of national accounts relate to: c) Paul Samuelson d ) Raul prebisch a) more of agriculture b) more of permissible subsidies c) more of horticulture d) more care for environment
108. Malnutrition among children in India is measured by: a) Calorie intake b) per capita income level of the family c) number of underweight children below one year born without hospital facility d) number of underweight children below 3 years
109. Which one of the following areas is related to blue revolution in agriculture sector? a) Horticulture b) aqua culture c) Poultry d) dairy
110. Soft currency means whose a) Supply is less than its demand in the international market b) supply is more than its demand in the international market c) supply and demand both are less in international market d) demand tends to increase in the international market
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