1.
Which of the following groups is most hurt by
unexpected inflation?
a)
Homeowners
b)
People with large debts to pay for their homes
and cars
c)
People with large retirement savings held in
savings accounts.
d)
Workers with cost of living adjustments in their
labour contracts.
2.
Which of the following is not an issue in
macroeconomics?
a)
Issues relating to the balance of payment.
b)
The determination of prices in the agricultural
sector
c)
The relationship between Inflation and
unemployment.
d)
The possible effect of budget deficit increases on
the level of investment.
3.
People belonging to which age group are eligible
for raining under TRYSEM scheme?
a)
18 – 35 yr
b)
25 – 40 yr
c)
25 – 50 yr
d)
18 – 25 yr
4.
Which of the following is the largest source of
Tax revenue in the India’s budget for 2013 – 14?
a)
Income tax
b)
Corporate tax
c)
Service tax
d)
Excise duties
5.
Which of the following is closest to India’s current
GDP (2012 – 13)?
a)
$ 800 billion
b)
$ 1.2 trillion
c)
$ 1.8 trillion
d)
$3 trillion
6.
What is the current share of crude and petroleum
products in total imports of India at present?
a)
Above 70%
b)
52 – 56%
c)
6 -21%
d)
27 – 33%
7.
Inclusive growth as enunciated in the eleventh
five year Plan does not include one of the following.
a)
Reduction of poverty
b)
Extension of employment opportunities
c)
Strengthening of capital market
d)
Reduction of gender inequality.
8.
MGNREGA provides legal guarantee for employment
at minimum wages to adult members of a household in a financial year for a
least
a)
120 days
b)
100 days
c)
90 days
d)
80 days.
9.
The community development programme ws started
in India on
a)
2nd October, 1950
b)
2nd October, 1951
c)
2nd October, 1952
d)
2nd October, 1954
10.
The production function of a firm will change
whenever.
a)
Input price changes
b)
The firm employees more of any inputs the firm
increases its level of output
c)
The relevant technology changes its level of output
d)
The relevant technology changes
ANSWERS
1.B
2.B
3.A
4.B
5.C
6.D
7.C
8.B
9.C
10.A