Indian Economy 11 Oct 2009

Civil services club
SVL, 10oct 2009

1) Which is wrong about market price mechanism:-
a) Basic structure should be control by the govt. b) Key structure should be free.
c) Having PPP mechanism. d)a and c
2) Rate of deceleration is:-
A) Production growth rate b) growth production
c) Growth rate (+) production d) growth (-) production
3) True about OCI:-
a) Enjoy all fundamental rights of 2 countries. b) Real and economical activity.
c) OCI for every nation. d) Same as PIO.
4) Which one is not part of human poverty index-1:-
A) Real income. b) Health. c) Awareness. D) Education.
5) Chronological order for these:-
A) Pradhan mantri rozgar yojana. b) Swaran jayanti gramin swarozgar yojana.
c) Sampoorana gramin rozgar yojana. D) Swarn jayanti shahri rozgar yojana.
6) Following is correct about CST:-
a) Central sales tax is imposed by the center but collected by the selling states.
b) Imposed, collected and appropriated by the centre.
c) It is imposed and collected by the center and proceeds are shared with states.
d) It is imposed, collected and appropriated by the selling states.
7) Tobin tax proposed by James Tobin is a tax on:-
I) FDI ii) foreign portfolio investment iii) NRI deposits
A) i and ii b)ii c)i, ii, iii d)ii and iii
8) True for RBI:-
I) acts a banker’s bank
ii) Acts as a controller of capital issues
iii) Issues currency notes of various denominators
iv) Act as a lender of the last resort for the sick industrial units
a)i,ii and iii b)i and iii c)i and iv d)iii and iv
9) Privatization of insurance sector was recommended by:-
a) Rangarajan committee b)kelkar committee
c) Malhotra committee d) tendulakar committee
10) Which of the following formulates fiscal policy:-
A) RBI b) SEBI c) finance ministry d) planning commission
11) Cheap money policy is adopted during:-
A) Inflation b) recession c) boom d) hyper inflation
12) Match List I with List II and select the correct answer using the codes given below the lists
List I List II
A. WTO 1. Provide loans to address short term balance of payment
Problems
B. IDA 2. Multilateral trade negotiation body
C. IMF 3. Sanction of soft loan
D. IBRD 4. Facilitating lending and borrowing for reconstruction and
Development.

A B C D
a). 2 3 1 4
b). 2 3 4 1
c). 3 2 4 1
d). 3 2 1 4
13) Misery index is:-
A) Unemployment and illiteracy rate b) unemployment, illiteracy and inflation rate
c) Illiteracy and LEB d) unemployment and inflation rate
14) Participatory notes are associated with:-
a) Consolidated funds of India. b) Foreign institutional investors
c) UNDP d) disinvestment
15)i)the agreement on SAFTA came into effect from 1st dec 2005.
ii) As per SAFTA agreement terms, india, PAK and srilanka have to decrease their custom duties to the level of 0 to 5% by the year2013.
A) ii only b)i only c) both i & ii d) neither i nor ii
16) Which of the following items does not fall under revenue expenditure account of union budget:-
a) Interest payment b) loan repayment
c) Subsidies d) grants to state
17)The Ex-officio Secretary of NDC is:-
(a)Secretary of Finance Ministry (b)General Secretary of Lok Sabha
(c)Secretary of Planning Commission d) Vice Chairman of Planning Commission
18) Match List I with List II and select the correct answer using the codes given below the lists
List I List II
A. First Plan 1. Rapid industrialization
B. Second plan 2. Community development program
C. Third plan 3. Expansion of basic industries
D. forth plans 4. Minimum Needs program
E. Fifth plan 5. Achievement of self reliance and growth with stability

A B C D E
a). 1 2 3 4 5
b). 2 1 3 5 4
c). 2 1 3 4 5
d). 2 1 4 5 3
19) Which 1 is not the part of revenue to the village panchayat:-
a) Land b) vehicle c) property d) home
20)12th finance commission has recommended raising of states shares in central taxes to:-
a) 29.5 b) 30.5 c) 31.5 d) 34.5
21) Micro finance implies:-
a) Finance provided to self-help groups for poverty alleviation
b) Finance provide to individual who are handicapped
c) Finance provided in installments
d) Finance provided to small industries
22)sagarmala is a name associated with:-
A) A drilling vessel b)a project of port development
C) Oil well in Indian Ocean d) none of the above
23) Economic planning is in:-
A) Union list b) state list c) concurrent list d) none
24) Insider trading is related to:-
a) Money market b) tax market c) share structure d) insurance business

25) Why under develop nations are under develop because of high shares of agriculture practice?
26)Poverty alleviation prog in India and it’s status.