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| 16)In which year, the new currency \'Euro\' was introduced. | |||
| 1996 | 1999 | ||
| 1998 | 1997 | ||
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| 17)Economic planning refers to | |||
| the mobilisation of taxes | the acquisition of foreign capital | ||
| the allocation of resources | the planning of manpower | ||
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| 18)The theory of economic drain of India during British period was propounded by | |||
| M. K. Gandhi | Jawaharlal Nehru | ||
| Dadabhai Naoroji | R. C. Dutta | ||
| Answer : | |||
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| 19)The budget deficit refers to the difference between all revenue and expendituire of | |||
| revenue account only | capital account only | ||
| both revenue and capital accounts | Increased government expenditure | ||
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| 20)GNP is equal to | |||
| total output of goods and services in one year | total output minus intermediate consumption | ||
| total output minus savings | total output plus total factor payments | ||
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| 21)A situation of monopoly in the market refers to | |||
| one seller one buyer | many seller one buyer | ||
| many seller many buyer | one seller many buyer | ||
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| 22)Green revolution has led to | |||
| an increase in the regional inequalities | an increase in inter-personal inequalities | ||
| maximum addition to wheat production | all of these | ||
| Answer : | |||
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| 23)A balance economic growth means | |||
| different sectors of the economy grow at their natural rates of growth | different parts of the economy grow in harmonious manner | ||
| equal percentage of growth in output over a period of few years | equal increase in resource allocation in all areas | ||
| Answer : | |||
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| 24)The immediate effect of devaluation by a country is | |||
| fall in deman for imports | a boost to import-competing industries | ||
| that exports become more competetive | all of the above | ||
| Answer : | |||
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| 25) When the productive capacity of the economic system of a state in inadequate to create sufficient number of jobs, it is called | |||
| seasonal unemployment. | structural unemployment. | ||
| disguised unemployment. | cyclic unemployment | ||
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| 26)Fiscal policy in India is formulated by | |||
| the Reserve Bank of India. | the Planning Commission. | ||
| the Finance Ministry. | the Securities and Exchange Board of India (SEBI). | ||
| Answer : | |||
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| 27)which one of the following is not a clause of World Trade Organization. | |||
| Most favoured nation treatment. | Lowering the trade barriers with negotiations. | ||
| Providing financial support to the countries having deficit balance of payments. | Discouraging unfair trade practices such as anti-dumping and export subsidies. | ||
| Answer : | |||
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| 28)Special Drawing Rights (SDRs) related to | |||
| the World Bank. | the Reserve Bank of India. | ||
| the World Trade Organization. | the International Monetary Fund. | ||
| Answer : | |||
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| 29)Which of the following measures should be taken when an economy is going through inflationary pressure? | |||
| The direct tax should be increased | The interest rate should be reduced. | ||
| The public spending should be increased | None of these | ||
| Answer : | |||
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| 30)The basis of European Union begun with the signing of | |||
| Maastricht Treaty | Treaty of Paris | ||
| Treaty of Rome | Treaty of Lisbon | ||
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