31.
The law of demand states that
a)
As the demand raises, the price rises
b)
As the price rises, the demand rises
c)
As the price rises, the demand falls
d)
As supply rises, the demand rises.
32.
A supply function expresses the relationship
between
a)
Price and demand
b)
Price and consumption
c)
Price and output
d)
Price and selling cost.
33.
Goods which are meant either for consumption or
for investment are called
a)
Inferior goods
b)
Intermediate goods
c)
Final goods
d)
Giffen goods
34.
Value of a commodity expressed in terms of money
is called
a)
Price
b)
demand
c)
Utility
d)
Money value
35.
Which one of the following is a sign of economic
growth?
a)
An increase in national income at constant
prices during a year
b)
A sustained increase in real pore capital income
c)
An increase in national income at current prices
over time
d)
An increase in national income along with
increase in population.
36.
The volatility in the Indian share market is due
to
1.
Inflow and outflow of foreign funds.
2.
Fluctuations in foreign capital markets.
3.
Changes in the monetary policy.
Which of the above mentioned causes are correct.
a)
1 and 2
b)
1 and 3
c)
1, 2 and 3
d)
2 and 3
37.
Fiscal deficit implies
a)
Total expenditure – (revenue receipts + recovery
of loans + receipt from disinvestment)
b)
Total expenditure – total receipt
c)
Total expenditure – (revenue receipts + receipts
from disinvestment)
d)
Total expenditure – disinvestment receipts.
38.
In India, inflation measured by the
a)
Wholesale price index number
b)
Consumer price index for urban non – manual
workers
c)
Consumer price index for agricultural labourers.
d)
National income deflator
39.
Which of the following five year plans witnessed
the highest growth rate in india?
a)
Eight plan
b)
Ninth plan
c)
Tenth plan
d)
Eleventh plan
40.
Public procurement of food grains at support
prices ensures the following.
1.
Stability in farm prices.
2.
Remunerative prices to the farmers.
3.
Building food stocks for public distribution.
Which of the statement given above
is / are correct?
a)
1 and 2
b)
2 and 3
c)
1, 2 and 3
d)
Only 2.
41.
Human development index is a composite index of
a)
Nutritional status, quality offline and per
capital GDP
b)
Poverty, life expectancy and educational
attainment
c)
Life expectancy, educational attainment and per
capital GDP
d)
Inflation, unemployment and per capita GDP
42.
Which of the following committee is related to
the estimation of poverty in India?
a)
Vijay kelkar committee
b)
Suresh tendulkar committee
c)
SP gupta committee
d)
Lakdawala committee
43.
Match the following.
|
List I (government policy)
|
List ii (year)
|
|
a. Information
technology policy
|
1.2000
|
|
b. Mineral
policy
|
2. 2006
|
|
c.
Hotel policy
|
3.2010
|
|
d. Industrial
and investment promotion policy.
|
4.2011
|
Code
A B C D
a)
2 1 4
3
b)
1 4 2
3
c)
3 2 1
4
d)
4 2 3
1
ANSWERS
31.C
32.A
33.B
34.D
35.B
36.C
37.B
38.A
39.C
40.C
41.C
42.B
43.B