Competitive Exams: Economics MCQs (Practice-Test 56 of 122)

  1. Which one of the following sources provides the large share of India's external debt?

    1. IMF

    2. USA

    3. UK

    4. JAPAN

  2. Consider the following statements:

    1. The Fourth Economic Census was conducted during 1998 − 99.

    2. economic Census has since been dilinked from the population Census.

    3. Out of a total of 29.8 million enterprises, less than 70% pertain to non-agricultural sector

    Which of the above statements is/are correct?

    1. 1 alone

    2. 1 and 2

    3. 2 and 3

    4. 1, 2 and 3

  3. which one of the following series of consumer price index is NOT used in India for monitoring the movement in retail prices?

    1. Consumer price index for urban nonmanual employees

    2. General consumer price index

    3. Consumer price index for industrial workers

    4. Consumer price index for agricultural labourers

  4. Non-performing assets of Commercial Banks mean their loans

    1. fetching very low rate of interests

    2. for which interest/installment has remained unpaid well after due date

    3. which have not been disbursed at all

    4. given to sick industrial units

  5. What is the correct sequence of nationalization of the following institutions?

    1. State Bank of India

    2. bank of Baroda

    3. Reserve Bank of India

    Select the correct answer using the codes given below:

    1. 3, 2, 1

    2. 3, 1, 2

    3. 2, 3, 1

    4. 2, 1, 3

  6. Which one of the following is NOT a source of the State tax revenue?

    1. Land revenue

    2. Motor Vehicles tax

    3. entertainment tax

    4. Corporate tax

  7. The receipts from disinvestment of publicsector under-takings are shown under which one of the following sub-heads in the budget of the government of India?

    1. Revenue receipts

    2. Non-tax revenue receipts

    3. Non-debt capital receipts

    4. Debt capital receipts

  8. The revenue deficit of the Central government as percentage of GDP in the 1990s was

    1. less than 2 per cent

    2. between 2 and per cent

    3. between 4 and 8 per cent

    4. more than 8 per cent

    • Assertion (A): Real rate of interest is better indicator of returns of saving than nominal rate of interest.
    • Reason (R): The real rate of interest is estimated after removing the effect of the expected rate of inflation.
    1. Both A and R are true and R is the correct explanation of A

    2. Both A and R are true but R is NOT the correct explanation of A.

    3. A is true but R is false

    4. A is false but R is true

    • Assertion (A): If the monopolist faces identical demand curves for his commodity in tow separate markets, by practicing their degree price discrimination, he cannot increase his TR and total profits.
    • Reason (R): As the marginal revenue curve are identical when the demand curves in the tow markets are the same, the monopolist will not charge different prices in each market to maximize profits.
    1. Both A and R are true and R is the correct explanation of A

    2. Both A and R are true but R is NOT the correct explanation of A.

    3. A is true but R is false

    4. A is false but R is true

    • Assertion (A): Non-economic factors play an important role in the process of economic development.
    • Reason (R): Accumulation of capital takes the form of human capital formation also.
    1. Both A and R are true and R is the correct explanation of A

    2. Both A and R are true but R is NOT the correct explanation of A.

    3. A is true but R is false

    4. A is false but R is true

    • Assertion (A): Per capita income figures are poor tools of ordinal ranking of countries with respect to the real well being.
    • Reason (R): A good portion of the national income in poor countries is unreported.
    1. Both A and R are true and R is the correct explanation of A

    2. Both A and R are true but R is NOT the correct explanation of A.

    3. A is true but R is false

    4. A is false but R is true

    • Assertion (A): The open-economy Keynesian multiplier is less than the closed-economy Keynesian multiplier.
    • Reason (R): The marginal propensity to import is always greater than the marginal propensity to consume.
    1. Both A and R are true and R is the correct explanation of A

    2. Both A and R are true but R is NOT the correct explanation of A.

    3. A is true but R is false

    4. A is false but R is true

    • Assertion (A): Intellectual property rights were brought into the Uruguay Round Trade Negotiations.
    • Reason (R): International trade restrictions can be used to discourage the violation of intellectual property rights.
    1. Both A and R are true and R is the correct explanation of A

    2. Both A and R are true but R is NOT the correct explanation of A.

    3. A is true but R is false

    4. A is false but R is true

    • Assertion (A): India's Second Five-Year Plan was based on an outward-looking strategy of development.
    • Reason (R): The Second Five-Year Plan was based on the Mahalanobis model.
    1. Both A and R are true and R is the correct explanation of A

    2. Both A and R are true but R is NOT the correct explanation of A.

    3. a is true but R is false

    4. A is false but R is true