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Set-2 Indian Economics Previous Year Questions
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1.’Residex’ is associated with :
1. Share prices
2. Price inflation
3. Mutual fund prices
4. Land prices
2.Money market is a market for ____________.
1. Short term fund
2. Long term fund
3. Negotiable instruments
4. Sale of shares
3. Which among the following sponsors Regional Rural Banks (RRB’S)?
1. Reserve Bank of India
2. Foreign Banks
3. National Commercial Banks
4. Co-Operative Banks
4. The market structure called monopoly exists where there is exactly ______ seller in any market.
1. One
2. Two
3. Five
4. Ten
5. Full employment is the level at which there is _____.
1. no frictional unemployment
2. no cyclical unemployment
3. no structural unemployment
4. no unemployment
6. Which one of the following countries is not a member of the “BRICS” group?
1. Brazil
2. Russia
3. China
4. Indonesia
7. Which one of the following is not a scheme or project ?
1. AMRUT
2. Swachh Bharat
3. AYUSH
4. Jan Dhan Yojana
8. The major objective of monetary policy is to?
1. Increase government’s tax revenue
2. Revamp the Public Distribution System
3. Promote economic growth with price stability
4. Weed out corruption in the economy
9.Trickle down theory ignores the impact of economic growth on –
1. Investment
2. Savings
3. Income distribution
4. Consumption
10.If cash reserve ratio decreases, credit creation will _______.
1. Increase
2. Decrease
3. Does not change
4. First decreases than increases
11. In which market form, a market or an industry is dominated by a single seller?
1. Oligopoly
2. Monopoly
3. Duopoly
4. Competitive
12.Which one of the following is also regarded as Disguised unemployment?
1. Underemployment
2. Frictional unemployment
3. Seasonal unemployment
4. Cyclical unemployment
13.Courier service comes under which sector?
1. Primary
2. Secondary
3. Tertiary
4. Both Secondary and Tertiary
14.Which among the following is not a direct tax?
1. Income tax
2. Wealth tax
3. Corporate tax
4. None of these
15. Which of the following is called GDP Deflator?
1. Ratio of nominal to real GDP
2. Ratio of nominal to real GNP
3. Ratio of nominal to real CPI
4. Ratio of real to nominal GNP
16. Which organisation monitors the banks in actually maintaining cash balance?
1. State Bank of India
2. Reserve Bank of India
3. Grameen Bank of India
4. None of these
17.Which of the following is represented by ‘Lorenz Curve’?
1. Employment
2. Inflation
3. Deflation
4. Income Distribution
18.The central nodal agency for implementing the price support operations for commercial crops is:
1. NAFED
2. NABARD
3. TRIFED
4. FCI
19.The __________ exchange rate is the relative price of foreign goods in terms of domestic goods.
1. Artificial
2. Nominal
3. Fixed
4. Real
20. ___________ is an alternative way of representing the production function.
1. The Short Run
2. The Long Run
3. Isoquant
4. Average product