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SECTION - A (MACROECONOMICS)
1. Identify which of the following is true at the break even level of income:
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(C) Average propensity to consume = Unit 1 |
| 2. Read the statement carefully:
Statement 1: Final goods are those goods which normally lose their identity in the production process.
Statement 2: Final goods may get transformed during the consumption process by a consumer.
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(D) both statements 1 and 2 are false |
| 3. Assertion (A) : Unilateral Transfers are recorded in the Current Account of the Balance of Payments (BoP) of a nation.
Reason (R) : Capital account records transactions which cause a change in the assets or liabilities of the country.
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(B) Both assertion and reason are true but reason is not the correct explanation. |
| 4. "In the Indian Banking System, the Statutory Liquidity Ratio (SLR) plays a vital role in controlling the credit creation capacity of the Commercial Banks, as it _" (Choose the correct option to fill in the blank) |
(B) requires banks to main a percentage of deposits in the form of liquid assets. |
5. In an economy, the currency held by the public, Net Demand Deposits with Commercial Banks and Net Time Deposits with Commercial Banks stand at Rs1,42,000 crore, Rs 22,000 crore and Rs 86,000 crore respectively.
The value of Money Supply (M1 ) would be —crore. |
(C) Rs 1,64,000 |
| 6. In a two sector economy, the flow of factor payments moves from —---- to —--- |
(A) Firms, Households |
| 7. Assertion (A) : Money is of perishable nature and is generally accepted by all at any point of time.
Reason (R) : Money serves as a store of value, facilitating individuals to transfer purchasing power from the present to the future.
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(D) Assertion is False, Reason is True |
| 8. Statement 1: Depreciation of currency is an economic action undertaken by the government of a nation under the fixed exchange rate system.
Statement 2: Under the floating exchange Rate system, authorities actively intervene in the foreign exchange market by way of maintaining foreign exchange reserves.
In the light of the given statements, choose the correct option from the following :
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(D) Both statements 1 and 2 are false |
| 8. In an economy, when—--is insufficient to achieve the level of output corresponding to full employment, the difference is termed a deflationary gap. (Choose the correct option to fill in the blank) |
(B) ex-post aggregate demand |
| 9. In an economy, exclusion of —--- may lead to underestimation of the value of Gross Domestic Product (GDP). may lend to under estimation |
(A) i and ii |
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SECTION - B Indian Economic Development
18. Assertion (A) : Education facilitates the assimilation of knowledge and competencies. It also fosters inventive capacities and enhances the aptitude to integrate advanced technology.
Reason (R) : Education plays a pivotal role in transforming cognitive perspectives and serves as a catalyst for the economic advancement of a nation.
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(B) Both assertion and reason are true but reason is not the correct explanation for assertion |
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19. "In the recent times, the Government of India, has introduced several measures to encourage greater public participation in the capital market, including both primary and secondary stock markets." Under which sector have the above mentioned reforms been introduced ? (Choose the correct option)
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(B) Financial |
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20. The Montreal Protocol was signed in the year 1987 committing nations to—--
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(C) protect ozone layer from depletion incurred due to clorofluro carbons |
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21. Assertion (A) : The notion of rural development encompasses a far wider spectrum than agricultural advancement.
Reason (R) : Government interventions in the agricultural sector remain imperative, as it constitutes the primary means of sustenance for the rural population.
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(B) Both assertion and reason are true but reason is not the correct explanation for assertion |
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22. Identify, which of the following, highlights a highly relevant issue associated with evolving employment trends in India's labour.
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(B) Increase in proportions of casually employed individuals. |
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23. Match the terms given in column i with their meaning in column 2.
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(C) |
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24. Sustainable development refers to the development that meets the needs of the present generation without compromising the ability of the future generations to meet their own needs." The above mentioned definition has been given by .
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(A) United Nations Conference on Enviroment and Development |
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25. Assertion: The Government of India adopted the measure of regulation of markets to improve marketing conditions for agricultural products
Reason: Regulation of market ensured transparent pricing, fair trade practices, and protection for farmers against exploitation in agricultural marketing
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(A) Both assertion and reason are true and reason is the correct explanation |
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26. Arrange the following events in China's economic development history in correct chronological sequence and select the correct option :
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(D) |
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27. Read the following statements carefully :
Statement 1 : During the British rule in India, the export surplus was utilised to import invisible items from Britain.
Statement 2 : Indians paid for the expenses incurred by an office set up by the colonial government in Britain.
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(C) Both statements 1 and 2 are true |
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