NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 62 of 122)
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- Which one of the following is not a component UNDP՚s Human Development Index?
- Per capita GDP
- Life expectancy at birth
- Combind primary, secondary and tertiary gross enrolment ratio
- Percentage of babies born with low birth weight
- Arithmetic mean of earning of 42 workers in a factory is ₹ 1200 per month. On account of price rise, the workers managed to get 10% hike in their earnings. In addition to this, the management paid ₹ 100 per month to each employee as bonus. The arithmetic means of total earning of the workers after this change will be.
- ₹ 1300
- ₹ 1320
- ₹ 1420
- ₹ 1510.
- if the Karl Pearson coefficient of correlation between x and y is 0.3, then the coefficient of correlation between x and 2 y is:
- -0.6
- -0.3
- 0.3
- 0.5
- Which one of the following is not a function of the National Development Council?
- Review of the progress of the five-year plans
- Examination of the important socioeconmic policies
- Decision on budgetary allocation among the States
- Improvement of the efficiency of administrative services required for plan implementation
- In respect of the production possibility curve under increasing opportunity costs given above, consider the following statements:
- The production possibility curve is not identical with price curve as in the case of constant costs.
- There would be complete specialization of a country in a single commodity in a two-commodities and two countries model.
- Which of these statements is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
- Gains in trade results from
- exporting as much as possible and receiving gold
- reallocation of existing goods between the two countries
- the fact that exchange brings both specialization and reallocation of greater output and the increased welfare in each country.
- one country receiving both imports and gold
- The diagram shows the demand and supply DD and SS, curves respectively, for fertilisers in India. Opi = price of fertilisers in India, before trade OwP = price of fertilisers in world market. Consider the following statements: Under free trade
- prices of fertilizers will be lowered compared to world prices.
- consumption of fertilizers will increase.
- import of fertilizers will be zero.
- Which of these statements are correct?
- Which of these statements are correct?
- 1 and 2
- 1 and 3
- 2 and 3
- 1,2 and 3
- Which of these statements are correct?
- A high birth rate of population along with a declining death rate in a thickly populated country like India leads to
- balanced population growth in the long run
- an increase in the economically active population
- rapid economic development
- an increase in the dependency load
- Indian economy has experienced different annual average growth rates of NNP at constant price (1993 − 94 taken as price level 100) . The correct sequence of Fifth, sixth, Seventh and Eighth plans in descending order of these annual growth rates is
- Fifth-Sixth-Seventh-Eighth
- Eighth-Seventh-Fifth-Fifth
- Eighth-Sixth-Fifth-Seventh
- Seventh-Eighth-Fifth-Sixth
- Which one of the following is not a feature of India՚s economic planning?
- Imperative planning
- Limited centralization
- Democratic socialism
- Indicative planning
- Decentralised planning on the basis of Panchayati Raj Institutions was recommended by
- Balwant Raj Mehta committee
- Mahalanobis Committee
- Ashok Mehta Committee
- Gadgil committee
- Consider the following programmes:
- IRDP
- TRYSEM
- MWS
- DWCRA
- Which of these programmes are included in ‘Swarna Jayanti Gram Swarojgar Yojna’
- 1 and 2
- 1,2 and 4
- 3 and 4
- 1,2 3 and 4
- The above graph shows different effects of tariffs in partial equilibrium. Which one of the following indicates the revenue effect of tariff equal to PP ′ per unit?
- Area represented by ‘a’
- Area represented by ‘b’
- Area represented by ‘c’
- Area represented by ‘d’
- Which of the following statements is not correct in respect of the balance of payments of a country?
- The current account of balance of payments consists of export and import of goods and capital accounts consists of export and import of service borrowings and leadings.
- The surplus on current account in the balance of payments must be equal to the deficit on capital account and vice versa
- if in the actual balance of payments, the credit and debit do not balance, the balance is usually achieved by adding one item errors and omissions
- The balance of payments of a country must always balance in the accounting sense
- Table: Balance of Payments of India (Million US $)
Year Exports Imports 1999 − 2000 37, 542 55,383 2000 − 01 44, 9894 59,264 2001 − 02 21,558 27,812 (AprilSept.)
Based on the above table, the deficit in the balance of trade in India, during the period 1999 − 2000 to 2001 − 02 showed