Practice

Question 101

According to Keynes, the inflationary gap is caused by

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Correct answer: (C) excess demand

1 marks · 2023 · Set A

Question 102

Which of the following is termed ‘Hot Money’?

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Correct answer: (B) FII

1 marks · 2023 · Set A

Question 103

If money supply is ₹500 and nominal income is ₹3,000, the velocity of money is

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Correct answer: (C) 6

1 marks · 2023 · Set A

Question 104

The concept of money illusion was first coined by

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Correct answer: (A) Fischer

1 marks · 2023 · Set A

Question 105

The Disinvestment Commission was set up in India in

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Correct answer: (B) 1996

1 marks · 2023 · Set A

Question 106

Which is not a key function of a central bank?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 107

Where is the Corporate Office of RBL Bank located?

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Correct answer: (C) Mumbai

1 marks · 2023 · Set A

Question 108

“Commercial banks expand deposits by expanding their loans and advances” is known as

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Correct answer: (C) credit creation

1 marks · 2023 · Set A

Question 109

If a good is a public good,

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Correct answer: (B) no one can be excluded from enjoying its benefits

1 marks · 2023 · Set A

Question 110

Wagner’s law is related to

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 111

The Wiseman-Peacock hypothesis strongly supports the possibility of

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Correct answer: (B) an upward trend in public expenditure

1 marks · 2023 · Set A

Question 112

Which of the following is concerned with the principle of maximum social advantage?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 113

The ability-to-pay principle of taxation is logically most consistent with the normative notion of

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Correct answer: (C) vertical equity

1 marks · 2023 · Set A

Question 114

When demand for a product is elastic, who bears the tax incidence?

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Correct answer: (B) The seller

1 marks · 2023 · Set A

Question 115

The burden of direct taxes is borne by

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Correct answer: (C) the person on whom it is levied

1 marks · 2023 · Set A

Question 116

A long-term capital asset means

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Correct answer: (B) capital assets held for more than 36 months

1 marks · 2023 · Set A

Question 117

In which kind of finance is expenditure determined first and revenue then sought accordingly?

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Correct answer: (B) Public finance

1 marks · 2023 · Set A

Question 118

To whom do priority-sector loans refer?

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Correct answer: (C) Loans to small-scale industries, agriculture, etc.

1 marks · 2023 · Set A

Question 119

What period is covered by the recommendations of the 15th Finance Commission?

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Correct answer: (A) 2021–22 to 2025–26

1 marks · 2023 · Set A

Question 120

Who determines Centre-State financial relations?

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Correct answer: (A) Finance Commission

1 marks · 2023 · Set A

Question 121

Disguised unemployment exists primarily in which sector in India?

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Correct answer: (B) Agriculture

1 marks · 2023 · Set A

Question 122

Which of the following statements is true?

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Correct answer: (B) Sustainable growth is the modern concept for development.

1 marks · 2023 · Set A

Question 123

Which of the following is a basic characteristic of underdeveloped countries?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 124

Which committee was set up to review the concept of the poverty line?

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Correct answer: (A) Suresh Tendulkar Committee

1 marks · 2023 · Set A

Question 125

Which of the following does not explain the term ‘economic development’?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 126

According to Marxism, which class will end the capitalist system?

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Correct answer: (C) Proletariat class

1 marks · 2023 · Set A

Question 127

The innovation theory of profit was given by

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Correct answer: (B) Schumpeter

1 marks · 2023 · Set A

Question 128

According to W. W. Rostow, the stages of economic growth are

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Correct answer: (C) five

1 marks · 2023 · Set A

Question 129

The theory of the big push is based on which of the following ideas?

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Correct answer: (C) External economies of scale

1 marks · 2023 · Set A

Question 130

According to Lewis’s model, the dual economy grows only when

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Correct answer: (A) the modern sector increases its output share relative to the traditional sector

1 marks · 2023 · Set A

Question 131

The vicious circle of poverty operates through which aspects of the economy?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 132

In the Solow Growth Model, an increase in the depreciation rate leads to which outcome at the new steady state, other things remaining the same?

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Correct answer: (C) A decrease in output per worker

1 marks · 2023 · Set A

Question 133

Foreign direct investment includes

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Correct answer: (B) tangible goods

1 marks · 2023 · Set A

Question 134

Which of the following is a possible benefit of increased population?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

Question 135

A plan involving procedures and rules is known as

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 136

When jobs are grouped together based on a particular type of customer, this is known as

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Correct answer: (C) departmentalization

1 marks · 2023 · Set A

Question 137

The graph expressing income inequality has the characteristic of a

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Correct answer: (A) inverted U-shaped curve

1 marks · 2023 · Set A

Question 138

Which of the following does the Ohlin model assume to be identical among trading countries?

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Correct answer: (A) Technologies

1 marks · 2023 · Set A

Question 139

The problem of ‘double taxation’ in international trade can be overcome by

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Correct answer: (B) bilateral agreement

1 marks · 2023 · Set A

Question 140

When did the World Trade Organization come into effect?

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Correct answer: (B) January 1, 1995

1 marks · 2023 · Set A

Question 141

Which of the following is a reason for India to be a developing country?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 142

Green Revolution means

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Correct answer: (B) high-yield variety programme

1 marks · 2023 · Set A

Question 143

The first Industrial Policy Resolution of India was announced in

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Correct answer: (A) 1948

1 marks · 2023 · Set A

Question 144

Which of the following is a microfinance programme?

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Correct answer: (C) Self-help group

1 marks · 2023 · Set A

Question 145

Sectors are classified into public and private sectors on the basis of

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Correct answer: (A) ownership of enterprises

1 marks · 2023 · Set A

Question 146

What is an effective measure of poverty alleviation?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 147

Who suggested a poverty line of ₹75 per capita per year?

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Correct answer: (B) The Bombay Plan (1944)

1 marks · 2023 · Set A

Question 148

Which measures of dispersion are used to compare the distributions of two or more data sets?

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Correct answer: (D) More than one of the above

1 marks · 2023 · Set A

Question 149

The slope of the regression line of Y on X is also called the

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Correct answer: (B) regression coefficient of Y on X

1 marks · 2023 · Set A

Question 150

What is the value of X for which cos X is minimum?

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Correct answer: (E) None of the above

1 marks · 2023 · Set A

TRE2 — Language General Studies And Economics