C S Club Economy Paper

1. SDR is the currency of IMF which is in the form of—
(A) Paper currency
(B) Gold
(C) Silver and gold both
(D) Book-keeping entry only

2. ‘The difference between export and import of commodities—
(A)Balance of payment
(B) Balance of trade

(C) Export plus

(D) Foreign trade plus

3. Credit creation increases—
(A)Real national income
(B) Supply of money

(C) Balance of payment

(D)Real wealth of currency

4. Janakiraman Committee was constituted with the aim—
(A) To suggest measures to raise Post Office deposits
(B) To suggest reforms in banking structure
(C) To investigate the malpractices of industrial finance
D) To investigate the security transactions of the bank

5. Consider the following statements—
(A)WTO rules envisage non –discrimination in the form of national Treatment and other WTO members
(B)Most favored Nation treatment principle ensures that members do not discriminate among various WTO members not only in their tariff regimes but also in respect of various other rules,regulations,incentives etc.
(C)In case of disputes between members cases can be filed under dispute settlement mechanism of WTO

A) 1,2 are correct (B)1,2,3 are correct (C)Only 1 is correct D)only2 is correct

6 Rolling Plan was made for the period—
(A) 1971 to 1978
(B) 1980 to 1985
(C) 1978 to 1983
(D) 1992 to 1997

7 SEBI is a—
(A) Statutory body
(B) Advisory body
(C) Constitutional body
(D) Non-statutory body

8.Tarapore Committee submitted its report on “Full Convertibility on Rupee” in—
(A) Current account
(B) Capital account
(C) Both in current as well as in capital account
(D) Special Drawing Rights (SDR)

9. Which Indian plan ensured high growth rate as compared with targeted growth rate ?
(A) Fifth Plan
(B) Fourth Plan
(C) Second Plan
(D) Eighth Plan

10. Which is true for existing Economic and Industrial Policies of Indian Govt.?
(1) FERA was abolished
(2) MRTP was abolished
(3) Cash compensatory support for exports was abolished
(4) Industrial licensing (except a few goods) was abolished
(A) 1, 2, 3 and 4
(B) 1, 3 and 4
(C) only 3 and 4
(D) only 2 and 3

11. The government is planning to establish ‘Price Stabilization Fund’ to check the price fluctuation of a few crops. These crops are—
1. Tea
2. Tobacco
3. Coffee
4. Rubber
select the right answer from the following groups—
(A) Only 1 and 3
(B) Only 1, 2 and 3
(C) Only 1, 3 and 4
(D) All 1, 2, 3 and 4

12. Which one of the following statement is correct ?
(A) FERA was replaced by FEMA in the year 2001
(B)FERA was given a sunset clause of one year till may 31,2002 to enable enforcement directorate to complete the investigation of pending issues.
(C)under FEMA violation of foreign exchange rules has ceased to be a criminal offence.
(D) As per the new dispensation enforcement directorate can arrest and prosecute the people for the violation of foreign exchange rules.

13. Main function of IMF ?
(A)Arrange international deposits from banks
(B)Help to solve balance of payments problems of member countries.
(C)Act as a privet sector lending arm of the world bank.
(D) Finance investment loans to developing countries..

14. Which one of the following is correct

FRBM Act concerns

a)Fiscal deficit

b) revenue deficit

c)primary and fiscal deficit

d)fiscal and revenue deficit

15.‘Golden Handshake Scheme’ is associated with—
(A) Inviting foreign companies
(B) Private investment in public enterprises
(C) Establishing joint enterprises
(D) Voluntary retirement

16. Compare the content and context of the Nehru-Mahalanobis and Rao Man Mohan models of Economic Growth

17. What is SEZ ? Discuss the Problems associated with setting up of SEZ in India.