NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 112 of 122)
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- Consider the following statements with regard to state level unemployment rates (unemployed as percent of labour forceusual principal status) based on NSSO data for 1987 − 88:
- Kerala has a very high unemployment rate.
- Kerala has a very low unemployment rate.
- Madhya Pradesh has a very low unemployment rate.
- Utter Pradesh has a very low unemployment rate.
- Of these statements
- 2 alone is correct
- 1,3 and 4 are correct
- 1 and 3 are correct
- 1 and 4 are correct.
- Which one of the following is NOT the objective of the State Trading Corporation of India?
- promote exports of non-traditional items and explore new fields for traditional export item.
- Check unhealthy competition and undercutting of prices in international markets
- Encourage exports to and imports from the centrally planned economies,
- secure adequate and regular supplies of essential commodities to meet the domestic demand
- In India՚s imports, the largest share today is that of (by group)
- developing countries
- the OPEC Group
- the OECD
- the CIS countries
- Import liberalisation for the domestic market as a strategy would tend to
- raised the ratio of imports to DGP in the immediate future.
- lower the ratio of imports to GDP in the immediate future.
- hamper agricultural growth in the long run
- depress commodity prices in the immediate future.
- the debt⟋export ratio in India at the beginning of the 1990s was close to
- 400%
- 300%
- 200%
- 150%
- What is the correct sequence of the following events?
- Import substitution strategy.
- Two-stage devaluation of rupees
- Partial convertibility of rupee
- Selection the correct answer using the codes given below
- Codes:
- 1,3, 2
- 3,1, 2
- 1,2, 3
- 2,1, 3
- Which one of the following pairs in NOT correctly matched?
- Match Item 1: EXIT policy
- Match Item 2: Import controls
- Match Item 1: EXIM scrips
- Match Item 2: Export subsidy
- Match Item 1: LEARMS
- Match Item 2: Rupee convertibility
- Match Item 1: N⟋A
- Match Item 2: N⟋A
- The Statutory Liquidity Ratio (SLR) for commercial banks in India, can be raised to a maximum level of
- 20%
- 25%
- 35%
- 40%
- Which one of the following items CANNOT be considered as high powered Money?
- Commercial Banks ′ Deposits
- RBI credit to commercial banks
- ‘Other deposits’ with RBI
- Advances made
- Which is the approximate range of current rate of inflation in India?
- 3 − 5 percent
- 7 − 9 percent
- 15 − 20 percent
- 20 − 25 percent
- The main reason for the high growth of money supply in India since 1970 has been the raise in
- foreign lending
- foreign borrowing
- RBI credit to the government
- bank credit to the private sector
- A number of nationalised banks have posted losses during the last year because of
- norms of income recognition and provisioning reduction in interest margin
- reduction in interest margin
- Sharp rise in administrative experience
- all of the above
- The total number of foreign banks and their branches operating in India in 1991 was
- 19 foreign banks with 92 branches
- 21 foreign banks with 132 branches
- 22 foreign banks with 140 branches
- 25 foreign banks with 155 branches
- Which of the following events will result in and increase in commercial bank reserves?
- when thee is an increase in the currency held by public.
- when the Central Bank purchases governments securities from commercial banks.
- when there is an increase in the monetary gold stock.
- When there is a decline in the Central
- Bank loans to commercial banks.
- Select the correct answer using the codes given below
- Codes:
- 2 alone
- 3 alone
- 1 and 4
- 2 and 3
- Codes:
- The Tax GDP ratio in India in the 1990s has been about
- 85
- 14%
- 17%
- None of the above