Q.1) The characteristics of 'Public Goods' are?

1. The enjoyment of one is not at the expense of others.
2. These are available to everyone without discrimination.
A. Only 1
B. Only 2
C. Both 1 and 2 (Correct Answer)
D. Neither 1 nor 2

Q.2) The most urbanized state among the major Indian states is?

A. Uttar Pradesh
B. Madhya Pradesh
C. Bihar
D. Tamil Nadu (Correct Answer)

Q.3) Choose the correct statement:

1. India's food policy seeks to avert famines by maintaining a buffer stock
2. It encourages surplus production for the export market
A. Only 1 (Correct Answer)
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2

Q.4) Finance Ministry has initiated the concept of Outcome Budget from year 2005. Under this initiative, who will be held responsible for monitoring the outcomes?

A. Finance Ministry and Planning Commission jointly (Correct Answer)
B. Planning Commission
C. Union Cabinet
D. None of these

Q.5) Which country has successfully commenced financial discipline through Fiscal Responsibility Act?

A. India
B. New Zealand (Correct Answer)
C. Australia
D. None of these

Q.6) The annual publication of __________ is World Investment Report.
C. UNCTAD (Correct Answer) 
D. None of these

Q.7) Among the following, which sector has pulled towards itself the maximum FDI during the last 4 years?

A. Telecommunications
B. Software (Correct Answer)
C. Pharmaceuticals
D. Fast Moving Consumer Goods

Q.8) India is a member of International Energy Forum (lEF). IEF provides a platform for which of the following?

A. Promoting use of renewable energy sources
B. Dialogue between energy producing & consuming countries (Correct Answer)
C. Both A and B
D. Neither A nor B

Q.9 Among the following, which is not a method of estimating national income?

A. Export-import method (Correct Answer)
B. Product method
C. Expenditure method
D. Income method

Q.10) What is the difference between GNP & NNP?

A. It is equal to the consumer expenditure on durable goods
B. It is equal to indirect tax revenue
C. It is equal to capital depreciation
D. None of these (Correct Answer)

Q.11) How is economic growth different from economic development?

A. Economic development implies an increase in per capita income
B. Economic development implies changes in institutions & attitudes (Correct Answer)
C. Economic development implies concern for ecology & environment
D. None of these

Q.12) The Central Bank of __________ has been assigned the accountability of controlling inflation and, in pursuing this objective, can even inflict limits on government borrowing?

A. India
B. Pakistan
C. Afghanistan
D. New Zealand (Correct Answer)

Q.13) Which initiative of Indian Government in the power sector is entitled for earning Certified Emission Reduction under the Clean Development Mechanism?

A. Baohat Lamp Yojana (Correct Answer)
B. Rajiv Gandhi Grameen Vidyutikaran Yojana
C. Certification by the Bureau of Energy Efficiency
D. None of these

Q.14) How is Chronic unemployment measured?

A. Using US data
B. Using CWS data
C. Both A and B (Correct Answer)
D. Neither A nor B

Q.15) At the present rate of growth of population, by which year is India expected to overtake China?

A. 2045 (Correct Answer)
B. 2015
C. 2020
D. 2060

Q.16) In India, what is the percentage of Labour participation of women?

A. 10%
B. 20% (Correct Answer)
C. 30%
D. 40%

Q.17) What do we call the belief that economic growth will percolate down to all sectors?

A. pump priming
B. decentralised growth theory
C. trickle down (Correct Answer)
D. None of these

Q.18) Which country had the 1st official family planning programme?

A. India (Correct Answer)
C. Australia
D. None of these

Q.19) Which type of unemployment can occur even in a situation of full employment?

A. Functional unemployment
B. Structural unemployment
C. Cyclical unemployment (Correct Answer)
D. None of these

Q.20) With reference to which period is the usual status (US) unemployment calculated?

A. 5 years
B. 1 year (Correct Answer)
C. 1 month
D. 5 months


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