Economics Mock Test series - 10

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Indian agriculture is typically characterised as

land scare, labour scare economy

land scare, labour surplus economy

land surplus, labour scare economy

land surplus, labour surplus economy

National Rural Health Mission(NRHM) was launched in the year

2006

2005

2004

2003

The stance of RBI's monetary policy is

Any of the above

strengthening credit delivery mechanism

inflation control with adequate liquidity for growth

improving credit quality of Banks

Which of the following forms the largest share of deficit in Government of India budget

Revenue deficit

Fiscal deficit

Primary deficit

Budgetary deficit

Which statements is an appropriate description of deflation?

It is a persistent recession in both the financial and real sectors of economy.

It is a sudden fall in the value of currency against other currencies.

It is a persistent fall in the general price level of goods and services.

It is a fall in the rate of inflation over a period of time.

Many times we read in newspapers that the RBI has revised certain rates/ratios under LAF. What is the full form of LAF?

Liquidity Adjustment Facility

Long-term Achievement Facility

Legal Adjustment Facility

Legal Adjustment Formality

While calculating HDI, the maximum value for Life Expectancy at birth(Years) are taken as

80 and 20

90 and 30

100 and 25

85 and 25

Insider trading is related to

Share Market

Horse racing

International trade

Taxation

Agriculture sector directly employs one of the following percentage of labour force in India?

20.54%

54.5%

40.2%

30.15%

10.

Which of the following is the name of the organisation, created to provide full employment and self-reliance to the women folk in India?

SVP

ROSCA

OECD

SEWA

11.

VAT is imposed

On all stages between production and final sale

On final stage of the production

On first stage of the production

Directly on consumer

12.

What is the correct definition of the term 'Commercial Papers'?

It is one of the instruments through which corporates raise debt from the market.

It is the name of the 'Certificate of Deposits' provided by the Banks to its retail customers.

Both a and b

It is nothing but the popular name of the judicial stamp papers used to register financial transactions.

13.

Yen is the currency of

North Korea

China

Taiwan

South Korea

14.

Central Co-operative Banks work at

Block level

District level

National level

State level

15.

TRIPS and TRIMS are the term associated with

IBRD

IMF

IDA

WTO

16.

The Bonded Labour System(Abolition) Act was legislated in

1977

1976

1978

1974

17.

Government of India, for the first time nationalised 14 large Commercial Banks in the year

1971

1959

1969

1956

18.

Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?

Inflation

Sensex

SLR

Human Development Index(HDI)

19.

Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than

210 crore of rupees

200 crore of rupees

115 crore of rupees

85 crore of rupees

20.

What is called Sunrise industry?

Automobile

Plastic

Jewellery

Copper

21.

The Narasimhan Committee(1991) on financial reforms proposed for establishment of a

Three tier hierarchy of the Banking structure.

United control by the apex institutions.

Two tier hierarchy of the Banking Structure.

Four tier hierarchy of the Banking structure.

22.

High rates of interest in a low inflation regime

create atmosphere for capital formation

discourage people to make an investment

attract people to make an investment

are not favorable for credit expansion

23.

Which one of the following methods of soil conservation is most effective in arid areas?

Terracing

Gully plugging

Shelter belt

Mulching

24.

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as

Market Capitalism

Discount yield

Negative growth

Deflation

25.

'Currency Futures' are jointly regulated by the RBI and which of the following other banks?

NABARD

SBI

SIDBI

SEBI

Economics Mock Test series - 10

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