Economics-2005

91. Which one of the following criteria gives
the estimate of the extent of underutilisation
of the labour force in terms of
person days ?
a. CWS criterion
b. CDS criterion
c. UPS criterion
d. UPSS criterion
92. Consider the following statements :
In order to augment employment
opportunities, the draft Tenth Five Year
Plan has proposed some labour intensive
sectors that require policy intervention.
These sectors are:
1. Agriculture and allied activities.
2. Small and medium enterprises.
3. Export promotion activities.
4. Services sectors.
Which of the statements given above are
correct?
a. 1 and 3
b. 3 and 4
c. 1, 2 and 3
d. 1,2 and 4
93. In which type of unemployment, marginal
productivity is zero or near zero?
a. Structural
b. Disguised
c. Seasonal
d. Frictional
94. Consider the following statements :
The major challenge to the viability of
agriculture in India is posed by
1. High domestic support.
2. Export-subsidies.
3. Market-imperfections.
4. Denial of market access through
various tariff and non-tariff barriers.
Which of the statements given above are
correct?
a. 1 and 2
b. 1, 2 and 4
c. 1, 3 and 4
d. 2, 3 and 4
95. Which one of the following is not correct ?
a. The share of primary sector in GDP
has been declining over the years
b. Stationary position of the secondary
sector indicates lack of employment
orientation on the part of the industrial
growth
c. Rising share of tertiary sector seems to
be more employment oriented
d. The proportion of employees'
compensation has been declining over
the years
96. Consider the following statements :
Direction of India's Foreign Trade on the
basis of share in total exports during 1987-
88 to 2001-02 shows
1. Fall in relative importance of OECD
(Organisation for Economic Cooperation
and Development) countries
over the years mentioned above.
2. Rise in importance of OPEC
(Organisation of Petroleum Exporting
Countries) countries over the same
years.
3. Rise in importance of Eastern
European countries.
4. Rise in importance of developing
countries.
Which of the statements) given above is /
are correct ?
a. 1 only
b. 1 and 2
c. 1, 2 and 4
d. 2, 3 and 4
97. Which one of the following statements
holds good for Indian economy ?
a. The rate of growth of black income
generated in India is faster than the rate
of growth of Gross National Product
b. The rate of growth of black income
generated in India is equal to the rate
of growth of its industrial sector
c. The rate of growth of black income
generated in India is equal to the rate
of growth of its agricultural sector
d. The rate of growth of black income
generated in India has been brought
down significantly in the post reform
period
98. Match List-I (Committee / Commission)
with List-II (Chair-person) and select the
correct answer using the codes given
below the lists—
List-I
(Committee/ Commission)
A. Foreign Direct Investment
B. Venture Capital
C. Disinvestment
D. Capital Account Convertibility
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List-II
(Chairperson)
1. N.K.Singh
2. Chandrashekhar
3. Tarapore
4. G.V. Ramakrishna
5. Raja Chellaiah
Codes:
a. A-4, B-2, C-1, D-3
b. A-1, B-3, C-4, D-5
c. A-4, B-3, C-1, D-5
d. A-1, B-2, C-4, D-3
99. Match List-I with List-II and select the
correct answer using the codes given
below the lists—
List-I
A. Crowding out effect
B. Rolling settlements
C. Special economic zones
D. Development of social sector
List-II
1. Surplus budget
2. Off-shore banking units
3. Equity markets
4. Deficit budget
5. Disinvestment fund
Codes:
a. A-5, B-2, C-1, D-4
b. A-4, B-3, C-2, D-5
c. A-5, B-3, C-2, D-4
d. A-4, B-2, C-1, D-5
100. Which of the following forms can be
assumed by the inter-relationship between
economic growth and human
development?
1. High human development is possible at
low level of economic growth.
2. High economic growth may not get
translated into high human
development.
3. High economic growth and high
human development is impossible.
4. High economic growth and high
human development is possible
depending on the policy choices of a
country.
Select the correct answer using the codes
given below :
a. 1, 2 and 4
b. 2 and 3
c. 1, 3 and 4
d. 1, 2 and 3
101. In which three years, there had been
negative rate of growth for agriculture and
allied sectors ?
a. 1996-97, 1998-99,1999-2000
b. 1997-98, 2000-2001,2002-2003
c. 1996-97, 2001-2002, 2002-2003
d. 1998-99, 1999-2000, 2000-2001
102. Consider the following statements :
1. Integrated Forest Protection Scheme
has been formulated by merging two
existing schemes 'Forest Fire Control
and Management' and 'Bridging of
Infrastructure Gaps in the Forestry
Sector in the North Eastern Region and
Sikkim.'
2. Integrated Forest Protection Scheme is
a joint venture of Central and State
governments.
Which of the statements) given above is /
are correct ?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
103. India achieved more than 8 per cent rate of
growth in Real Gross Domestic Product in
2003-04. In which three years in the past
India achieved a growth rate in Real GDP
at more than 8 per cent ? Select the correct
answer using the codes given below:
a. 1967-68,1975-76, 1988-89
b. 1966-67,1980-81,1994-95
c. 1955-56, 1982-84,2001-02
d. 1972-73,1985-86, 1999-2000
104. Consider the following statements with
respect to measures adopted by the
Government of India to control black
income:
1. Voluntary disclosure scheme.
2. Issue of five hundred rupee notes.
3. Issue of special bearer bond on
nominal rate of interest.
4. Privatisation of economy.
Which of the statements given above are
correct?
a. 1 and 3
b. 2 and 3
c. 2, 3 and 4
d. 1, 2, 3 and 4
105. Mahalanobis plan model was adopted from
which growth model?
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a. Harrod-Domar model
b. Feldman's model
c. Lewis model of economic growth
d. Ranis-Fei model

106. Which one of the following is the basic
objective of monetary policy ?
a. To control deficit of the budget
b. To control deficit in the balance of
payment
c. To control cost and availability of
money
d. To control public expenditure
107. Match List-I (Committee) with List-II
(Subject) and select the correct answer
using the codes given below the lists :
List-I
(Committee)
A. Tandon Committee
B. Rakesh Mohan Committee
C. Narasimhan Committee
D. Omkar Goswami Committee
List-II
(Subject)
1. Capital Financing
2. Infrastructure Development
3. Financial Sector Reforms
4. Industrial Sickness
Codes:
a. A-1, B-3, C-2, D-4
b. A-4, B-2, C-3, D-1
c. A-1, B-2, C-3, D-4
d. A-4, B-3, C-2, D-1
108. The heavy industries strategy under the
Second Five Year Plan has been criticised
for several reasons. Which one of the
following is not among them ?
a. Inadequate emphasis on agriculture,
small scale and cottage industries
b. Emergence of continuous trade deficits
c. Growing unemployment and inequality
of income and wealth
d. Failure to achieve expansion in the
capital goods sector and diversification
of industrial capacity
109. Which one of the following statements is
correct?
a. Rural urban income disparities have
increased over a period of time
b. Rural urban income disparities have
not changed over a period of time
c. Rural urban income disparities have
declined over a period of time
d. Income distribution does not influence
growth
110. Consider the following statements :
The National Agricultural Policy of 2000
in India aims at
1. A growth rate of 6% per annum in
agriculture.
2. Growth with equity.
3. Supply driven growth rate.
4. Demand driven growth rate.
Which of the statements given above are
correct?
a. 1 and 2
b. 2 and 3
c. 2 and 4
d. 3 and 4
111. In India, which one among the following
formulates the fiscal policy ?
a. Planning Commission
b. Ministry of Finance
c. Finance Commission
d. The Reserve Bank of India
112. Consider the following statements :
1. The first Industrial Policy of
Government of India was introduced in
1948.
2. The Industrial Policy introduced by
Government of India in 1956 is also
known as 'Economic Constitution' of
India.
3. The Committee on Growth of
concentration of economic powers in
India was appointed under the
chairmanship of Prof. P.C.
Mahalanobis in 1961.
4. A special group on targeting ten
million employment opportunities per
year was constituted by Planning
Commission with one of its member as
Chairman.
Which of the statements given above are
correct?
a. 1, 2 and 3
b. 2, 3 and 4
c. 1, 3 and 4
d. 1, 2 and 4
113. Which one of the following is correct in
respect of India? Percentage of workers
engaged in
a. agricultural sector is increasing
b. industry sector is more than tertiary
sector
c. tertiary sector is decreasing
d. tertiary sector is more than industry
sector
114. Consider the following statements :
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1. Tenth Five Year Plan aims at a
reduction of poverty ratio by 5
percentage points by 2007.
2. Tenth Five Year Plan aims at a
reduction in gender gaps in literacy
and wage rates by at least 40 per cent
by 2007.
3. Tenth-Five Year Plan aims at a
reduction in the decadal rate of
population growth between 2001 and
2011 to 16.2 per cent.
4. Tenth Five Year Plan aims at an
enhancement in literacy rates to 75 per
cent by 2007.
Which of the statements given above are
correct?
a. 1 and 2
b. 2 and 3
c. 2, 3 and 4
d. 1, 3 and 4
115. Assertion (A): VAT is less inflationary
man multi-stage turnover tax.
Reason (R): VAT reduces the cascading
effect on prices.
Codes:
a. Both (A) and (R) are individually true
and (R) is the correct explanation of
(A)
b. Both (A) and (R) are individually true,
but (R) is not the correct explanation of
(A)
c. (A) is true, but (R) is false
d. (A) is false, but (R) is true
116. Assertion (A): Indirect taxes do not satisfy
the canon of equity.
Reason (R): Indirect taxes fall on all
persons indiscriminately, irrespective of
their ability to pay.
Codes:
a. Both (A) and (R) are individually true
and (R) is the correct explanation of
(A)
b. Both (A) and (R) are individually true,
but (R) is not the correct explanation of
(A)
c. (A) is true, but (R) is false
d. (A) is false, but (R) is true
117. Assertion (A): Variance of X is always
greater than the Standard Deviation of X.
Reason (R): Variance is square of
Standard Deviation.
Codes:
a. Both (A) and (R) are individually true
and (R) is the correct explanation of
(A)
b. Both (A) and (R) are individually true,
but (R) is not the correct explanation of
(A)
c. (A) is true, but (R) is false
d. (A) is false, but (R) is true
118. Assertion (A): Index numbers are useful
tools in economic planning.
Reason (R): Consumer price index number
estimates the changes in the standard of
living of the people.
Codes:
a. Both (A) and (R) are individually true
and (R) is the correct explanation of
(A)
b. Both (A) and (R) are individually true,
but (R) is not the correct explanation of
(A)
c. (A) is true, but (R) is false
d. (A) is false, but (R) is true
119. Assertion (A): Reducing fiscal deficit is a
challenging job for the government of
India.
Reason (R): Reduction in government
expenditure reduces social investment.
Codes:
a. Both (A) and (R) are individually true
and (R) is the correct explanation of
(A)
b. Both (A) and (R) are individually true,
but (R) is not the correct explanation of
(A)
c. (A) is true, but (R) is false
d. (A) is false, but (R) is true
120. Assertion (A): Real income is greater than
money income during inflation.
Reason (R): Real
Income Money Income
Pr ice Index Number
=
Codes:
a. Both (A) and (R) are individually true
and (R) is the correct explanation of
(A)
b. Both (A) and (R) are individually true,
but (R) is not the correct explanation of
(A)
c. (A) is true, but (R) is false
d. (A) is false, but (R) is true