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Rajasthan Public Service Commission 2016
Paper EconomicsII
Ques: 150
Time: 3 Hours
Ques
Faster, More inclusive and sustainable growth are objectives of which plan of India?
10th Five Year Plan
11th Five Year Plan
12th Five Year Plan
None of these
.. ...... ..... .. ....... .... ...., .... ....... .. ...... ...... ..?
10... ..... . .....|
11... ..... . .....|
12... ..... . .....
.... .. ... .....|
Ques
Which of the following is not related to Pradhan Mantri JanDhan
Yojana:
Interest on deposits
Overdraft facility upto Rs. 10,000.
Accident Insurance Cover
Life Insurance Cover
.......... ... .. .... ...... ....... . ....
..... .. ..... ..:
..... .. .....|
10,000 .. .. .(. ... ...... .......|
........ .... ...|
.... .... ...|
Ques
Choose the correct answer:
Poverty escalation leads to environmental degradation.
Environmental degradation leads to poverty escalation.
Both poverty escalation leads to environmental degradation and environmental degradation leads to poverty
escalation are false.
Both poverty escalation leads to environmental degradation and environmental degradation leads to poverty
escalation are true.
.... ..... ....:
...... ... .... ...... .. ........ .... .... ..|
........ .... .. ...... ... ...... .... ..|
...... ... .... ...... .. ........ .... .... .. .. ........ .... .. ...... ... ...... .... .. .. ..... ... ..|
...... ... .... ...... .. ........ .... .... .. .. ........ .... .. ...... ... ...... .... .. .. ..... .... ..|
Ques
Rural housing, Electrification and Telephony are concerned with:
BharatNirman.

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National Rural Health Mission.
Pradhan Mantri JanDhan
Yojana.
None of these
...... ...., .......... ... ......... .. ...... ..:
....
........ ..
........ ...... .. ... ... ..|
....... . ....
..... ..|
.... .. ... .....|
Ques
Make in India' programme concerns:
30 Industries/sectors.
25 Industries/sectors.
24 Industries/sectors.
29 Industries/sectors.
... .. .....' ....... .. ...... ..:
30 ......../... .. ..|
25 ......../... .. ..|
24 ......../... .. ..|
29 ......../... .. ..|
Ques
Choose the correct statements for Poverty estimates based on 68th Round of NSSO and answer from given
options: Statement I Rural
Poverty line was Rs. 27.20 per capita per day in 201112.
Statement II Urban
Poverty line was Rs. 33.33 per capita per day in 201112.
Statement III Rural
Poverty line was Rs. 27.33 per
capita per day in 201112.
Statement IV Urban
Poverty line was Rs. 33.20 per capita per day in 201112.
Statement I and Statement II are true
Statement III and Statement IV are true
Statement I and Statement IV are true
Statement II and Statement III are true
....... .. 68... ..... .. ...... ...... .. ...... .. ...... ... .... ..... .. ..... ... ... .... ..
......... .. ..... .....: ... I 201112
... ...... ...... .... 27.20 .. ..... ..... ..... .... ..| ... II 201112
... ..... ...... .... 33.33 .. ..... ..... ..... .... ..| ... III 201112
... ...... ...... ....
27.33 .. ..... ..... ..... .... ..| ... IV 201112
... ..... ...... .... 33.20 .. ..... ..... ..... .... ..|
... I .. II .... ..|
... III .. IV .... ..|
... I .. IV .... ..|
... II .. III .... ..|
Ques
The unemployment rate in India based on CDS approach for 201112
was:
5.7%
5.5%
5.6%
5.8%

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201112
.. ..... .... ... ........(CDS) ......... .. ...... .......... .. ..:
5.7%
5.5%
5.6%
5.8%
Ques
Which of the following is not the objective of National Population Policy, 2000:
Reduce maternal mortality rate to below 100 per one lakh live births.
Reduce Infant mortality rate to below 30 per one thousand live births.
Reduce the net reproduction rate to 1.
Promote the small family norm.
.......... ... .. ..... ....... ........ ........ ....., 2000 .. ....... ..... ..:
..... .. ... ...... ......(.... ....) .. .... ...... .. 100 .. .... ....|
..... .. .... ...... ......(.... ....) .. ... ...... .. 30 .. .... ....|
....... ..... .. 1 .. .. ....|
.... ...... .. ...... .. ..... ....|
Ques
Y.H. Malegam Committee is concerned with:
RRBs
Rural Cooperative Sector.
Micro finance Institutions.
SHGs.
.............. ...... .. ...... ..:
........s(RRBs) ..|
...... ....... ... ..|
..... ....... .. ... ..|
........(SHGs) ..|
Ques :10
Choose the incorrect objective of National Manufacturing Policy, 2011 from the following options:
Increase the share of manufacturing sector in GDP to 25% by 2022.
Create 100 Lakh additional Jobs in the manufacturing sector by 2022.
Enhance Global Competitiveness of Indian Manufacture Sector.
Increasing Manufacturing sector growth to 1214%
over the medium term.
.......... ... .. .. .... .. . ........ ............... ....., 2011 .. ....... ..... ..:
2022 .. ............... .. ...... ... ... .. ..... 25% .. ....|
2022 .. ............... ... ... .. ... ......... ...... .. ...... .. .... ....|
...... ............... ... .(. ...... .. .. ..... ..... .....|
. .. .... ... ...... .. .. ............... ... .(. ...... 1214%
.. .....|
Ques :11
Arrange the following countries as per their services GDP rank in the decending order: A. Japan B. India C.
USA D. China
B

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B
D
B
.......... .... .. .... .... ... ...... ........ ... .. ...... .... ... .. ... ... .. ...: A.
..... B. .... C. ..... D. ...
B
B
D
B
Ques :12
Which of the following benefits proclaimed for India from WTO?
Expansion in textile exports.
Expansion in agricultural exports.
Expansion in trade.
All of these.
..........(WTO) .. .......... ... .. ..... ... .... .. .... .. .... ... .. ..?
......... .......... ... ... ...|
....... .......... ... ... ...|
..... ... ... ...|
.... .. ...|
Ques :13
Assertion(A) The WTO is by its very nature biased in favour of the rich and against the poor nations.
Reason(R) WTO structure and agreements favour developed countries.
Both and are individually true and is correct explanation of
Both and are individually true but is not the correct explanation of
is true but is false.
is false but is true.
.....(A) .......... .... ....... .. ... .... .. ... ... .. .. ..... .... .. ....... ..| ....(R)
.......... .(. ...... .. ...... ...... ....... .. ... .. ..|
.. ..... ......
.... .. .. .(. .... ...... ..|
.. ..... ......
.... .. .. .(. .... ...... ..... ..|
.... .., ..... ... ..|
... .., ..... .... ..|
Ques :14
Which of the following is the correct sequence of WTO Ministrial Conferences?
Singapore, Doha, Cancun Fiasco.
Singapore, Cancun Fiasco, Doha
Cancun Fiasco, Doha, Singapore.
Cancun Fiasco, Singapore, Doha.
.......... .(. ..... ... ....... .. .... .. .......... ... .. .... ..?
......., ...., ...... .(. ..|
......., ...... .(. .., ....|
...... .(. .., ...., .......|

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...... .(. .., ......., ....|
Ques :15
Which of the following are the serious concerns in WTO for developing nations including India for
It does not address the food security issue in developing nations.
It legitimise various trade distorting practices of developed nations.
Both statements are true.
None of these.
.. ...... ... .... ..... ......... ..... .. .. WTO ... .......... ... .. ..... ..... ....... ..?
.. ......... .... ... ..... ...... .. ..... .. ...... ..... .... ..|
.. ...... ..... ...... ..... .. .... .... .... ....... .. ...... ... .... ..|
..... ... .... ..|
..... .. ... .....|
Ques :16
Which of the following are correct regarding India's New Foreign Trade Policy?
It was announced on 1 April, 2015.
It's duration is 201520.
It supports 'Make in India'.
All of these.
.... .(. .. ....... ..... ..... .. ...... ... .......... ... .. .... .... ..?
..1 ..... 2015 .. ...... .(. ... ..|
...(. .... 201520
..|
.. '... .. .....' ... ..... .... ..|
.... .. ...|
Ques :17
India's Services export share in global services exports in 2014 was:
7.5%
3.2%
1.7%
None of these
2014 ... ...... .... .......... ... .... .. .... .......... .. ... .. ..:
7.5%
3.2%
1.7%
.... .. ... .....|
Ques :18
Choose the correct statement and answer from the given options: Statement A The Merchandise exports on
BOP basis has declined by 0.6% in 201415.
Statement B India's Merchandise exports and imports have
decreased by 1.3% and 0.5% respectively in 201415.
Only statement A is true
Only statement B is true
Both statements are true.
Both statements are false.

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.... ..... .. .... ... .... .... .. ......... .. ..... .....: ... A 201415
... ...... ...... ..
...... . .... .. ........ 0.6% .... ..| ... B 201415
... .... .. . .. ........ ... .... ....
1.31% ... 0.5% .. .... ..|
.... ... .... ..|
.... ... .... ..|
.. ..... .... ..|
.. ..... ..... ..|
Ques :19
The first Chairperson and ViceChairperson
of Niti Aayog are respectively:
Sh. Narendra Modi and Bibek Debroy.
Sh. Narendra Modi and Arvind Panagariya.
Sh. Arun Jaitley and Arvind Panagariya.
Sh. Arun Jaitley and Bibek Debroy.
..... ....(Niti Aayog) .. .... ....... ... ...........
.... ..:
. ....... ..... .. .... .....|
. ....... ..... .. ....... ........|
. .... ...... .. ....... ........|
. .... ...... .. .... .....|
Ques :20
Given the observations 73, 70, 87, 80, 90 and 85. The range coefficient is:
1/4
1/2
1/8
None of these.
.... .. ........ 73, 70, 87, 80, 90 .. 85 .. ... ... ...... ..:
1/4
1/2
1/8
.... .. ... .....|
Ques :21
The formula for coefficient of variation is:




...... ...... .. .. ..:



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Ques :22
Which of the following are measured graphically by Lorenz Curve?
Dispersion
Standard deviation
Variance
All of these.
....... .. .(. ....(.. ..... .... .......... ... .. ..... .... .... ..?
.....
..... ......
.....
.... .. ...|
Ques :23
The standard deviation for the first 10 natural numbers is:
2.87
2.0
1.87
0.87
.... 10 ......... ........ .. ..... ...... ..:
2.87
2.0
1.87
0.87
Ques :24
Only statement C is true
Only statement B and C are correct
Only statement A and C are correct.
All statements are correct.
.... ... C .... ..|

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.... ... B .. C .... ..|
.... ... A .. C .... ..|
... ... .... ..|
Ques :25
Choose the correct answer:
Skewness is a pure number.
Skewness have some meaningfull scale of measure.
Skewness is a pure number and skewness have some meaningfull scale of measure both are true.
Skewness is a pure number and skewness have some meaningfull scale of measure both are false.
.... ..... .. ..... ....:
....... .. ....... ...... .... ..|
....... .... .. .. ......... ...... .... ..|
....... .. ....... ...... .... .. . ....... .... .. .. ......... ...... .... .. ..... .... ..|
....... .. ....... ...... .... .. . ....... .... .. .. ......... ...... .... .. ..... ..... ..|
Ques :26
In a frequency distribution, second, third and fourth moments about the mean are 0 and 27, The frequency
curve will be:
Normal
Lepto Kurtic
Platy Kurtic
None of these
... ....... .... ... ...... .. . .. ......, ..... . ...... ...... 0 . 27 ..| ....... .. ....:
.........|
...(... ..... ....|
.... ..... ....|
.... .. ... .....|
Ques :27
Assertion(A) Karl Pearson's measure of skewness is called first measure of skewness. Reason(R) Karl
Pearson's measure of skewness is based on Mean, Median and Mode.
Both and are correct and is a correct explanation of
Both and are correct but is not a correct explanation of
is correct, but is incorrect.
is correct but is incorrect.
.....(A) ..... ....... .. ....... ... .. ....... .. .... ... .... ..| ....(R) ..... ....... ..
....... ... .. .. ... . ..... .. ...... ..|
.. ..... .... .. .. .(. .... ...... ..|
.. ..... .... .., ..... .(. .... ...... ..... ..|
.... .. ..... ... ..|
.... .. ..... ... ..|

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Ques :28
X will be independent.
Y will be independent.
Both X and Y will be independent.
None of these.
X ... ....|
Y ... ....|
..... X ... Y ... .....|
.... .. ... .....|
Ques :29








Ques :30
The limits of rank correlation coefficient lies between:
0 and 1

1
and
None of these.
.....(....) ....... ...... .(. .... .... ..|
0 .. 1

1
..
.... .. ... .....|

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Ques :31
Both and are correct and is a correct explanation of
Both and are correct but is not a correct explanation of
is correct, but is incorrect.
is correct but is incorrect.
.. ..... .... .. .. .(. .... ...... ..|
.. ..... .... .., ..... .(. .... ...... ..... ..|
.... .., ..... ... ..|
.... .. ..... ... ..|
Ques :32
Choose the correct answer for a straight line trend equation Y a bX
a and b are constants.
X is the required trend value.
Y is a unit of time.
All of these.
.. ..... ....... ...... Y a bX .. .. .... ..... ....
a .. b ... ...... ..|
X ...... ...... ..... ..|
Y ...(...) .... ..|
.... .. ...|
Ques :33
If two events A and B are not mutually exclusive, then P(A or will be


A and

A or
None of these.
.... .. ...... A .. B .. .. .... ..... ..., .. P(A .. ....:


A ..

A ..
.... .. ... .....|
Ques :34
The propbability of event given event B is
P(A P(A and
P(A P(A or
P(A P(A or

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None of these.
.... B .. .... ... .... .. .... A .(. ......... ....:
P(A P(A ..
P(A P(A ..
P(A P(A ..
.... .. ... .....|
Ques :35
Binomial distribution is
A probability distribution.
Also known as Bernouli distribution.
Both probability distribution) and (Also known as Bernauli distribution) are true.
Both probability distribution) and (Also known as Bernauli distribution) are false.
..... .... ..:
.. ......... ....|
....... .... .. ... .. .. .... .... ..|
..... (.. ......... ....) . ....... .... .. ... .. .. .... .... ..) .... ..|
..... (.. ......... ....) . ....... .... .. ... .. .. .... .... ..) ..... ..|
Ques :36
The mean of the Poisson distribution is 2.25. The value of Variance is
2.25
1.5
22.5
None of these
....... .... .. .. . 2.25 ..| ..... .. ... ..:
2.25
1.5
22.5
.... .. ... .....|
Ques :37
Which of the following is not the correct for normal distribution?




.......... ... .. ..... ....... ......... .... .. ...... ... ... ..?




Ques :38

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Which of the followig test is used to test the association between the qualitative variables?
F test

t test
Z test
.......... ... .. ..... ...... ........ ... .. . . ....... .(. .... .... ... ....... .... ..?
F ..
.....

t ..
.....
Z ..
.....
Ques :39
Type II error is defined as
Accept Ho when it is true.
Accept Ho when it is false.
Reject Ho when it is true.
Reject Ho when it is false.
...... ..... .(. .... .. .......... ... .. .. ... ... ......... ... ... ..:
Ho .. ....... ... .. .... ..
Ho .. ....... ... .. ... ..
Ho .. . ....... ... .. .... ..
Ho .. . ....... ... .. ... ..
Ques :40








Ques :41
Which of the following is correct for two tailed test?





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.......... ... .. ..... ....... .. ..... ...... .. .. .... ..?




Ques :42
Which one of the following is not the property of t distribution?

Mean 0
t distribution
is symmetrical.
The Variance of t distribution
approaches to one as sample size increases.
.......... ... .. ..... ....... t ....
.. ....... .. .... ..... .... ..?

.. . 0
t ....
.... .... ..|
......... .. .... .. .... .. t ....
.. ..... .... .(. .. ..... .... ..|
Ques :43
It is non parametric
test.
It is goodness of fit test.
It was first used by Karl Pearson.
All of these.
.. ... ..... ...... ..|
.. goodness fit ...... ..|
.. ........ ..... ....... ...... ..... ... ... ... ..|
.... .. ...|
Ques :44
Which of the following test is used to test the overall significance of overall Regression?
F test
t test

None of these.
.......... ... .. ..... ...... .... ........ .(. .... ........ .(. .... .... ..... ... .... ..?
F ..
.....
t ..
.....

.... .. ... .....|
Ques :45

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1A,
2B,
3C,
4D
1B,
2C,
3D,
4A
1C,
2B,
3A,
4D
1B,
2A,
3C,
4D
1A,
2B,
3C,
4D
1B,
2C,
3D,
4A
1C,
2B,
3A,
4D
1B,
2A,
3C,
4D
Ques :46
Which one of the method is not appropriate to measure cyclical variations?
Moving Averages Method.
Residual Analysis Method.
Harmonic Analysis.
Direct Analysis.
.......... ... .. ..... ..... ..(.. ...... .. ..... ... ....... ..... ..?
.. .. . .....|
...... ......... .....|
......... .........|
....... .........|
Ques :47
Analysis of Variance technique was developed by:
Karl Pearson
R.A. Fisher
W.S. Gosset
Galileo
..... ......... ..... ...... .(. ... ..:
..... ........ ......|
........ ......|
............... ......|
...... ......|

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Ques :48
Which of the following are correct assumptions for analysis of Variance?
Normality and Homogeneity.
Independence of error.
Both (Normality and Homogeneity) and (Independence of error).
None of these.
.......... ... .. ..... ......... ..... ......... .. .. .... ..?
........... .. .......|
.... .(. ... ..|
..... (........... .. .......) .. .... .(. ...
.... .. ... .....|
Ques :49
Properties of a good estimator are:
Unbiasedness and Efficiency.
Homogeniety.
Both (Unbiasedness and Efficiency) and (Homogeniety).
None of these.
.. ..... .... .. ... .... ..:
................ .. ......|
.......|
..... (................ .. ......) .. (.......)|
.... .. ... .....|
Ques :50
Column Matrix
Row Matrix
Identity Matrix
Null Matrix
... ........|
...... ........|
.... ........|
..... ........|
Ques :51
Choose the correct answer:
Determinant is defined for square matrix.
Determinant is defined for Identity matrix.
Value of Identity determinant is Zero.
All of these.

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.... ..... ......:
......., .... ........ .. ...... ... .... .(. .... ..|
....... .... ........ .. ...... ... .... .(. .... ..|
.... ........ .. ... ..... .... ..|
.... .. ...|
Ques :52
Which one of the following is not correct for the linear programming problem?
Objective function is linear.
Variables are nonnegative.
Prices are variable.
Linear relations in the problem.
.......... ... .. ..... ....... ...... ......... .. .. .. ...... ... .... ..... ..?
....... ... ...... .... ..|
.. ... ...
.... .... ..|
.(..... ........... .... ...|
.. .. ... ...... ...... .... .... ..|
Ques :53
Which of the following are correct for InputOutput
Model?
Each Industry produces only one homogeneous output.
The determinant of the matrix must be nonnegative.
All diagonal elements should be less than one.
All of these.
.......... ... .. ..... ....... ...
....... .... .. .. .... ..?
....... . ... .... .. ..... ....... ......... .... ...|
........ .. ....... .. ... ... ...
.... .... ......|
....... .. ... ...... .. ... .. .. .. .... ......|
.... .. ...|
Ques :54
If supply function is P 2x then what will be producer's surplus at
7
4
2
None of these.
.... ....... ... P 2x 3 .. .. x 2 .. ....... .(. ... .... ....?
7
4
2
.... .. ... .....|
Ques :55
100

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120
90
None of these.
100
120
90
.... .. ... .....|
Ques :56
4
2
1
0.5
4
2
1
0.5
Ques :57



None of these.



.... .. ... .....|
Ques :58
Which one of the following is not correct for merit goods?
The net Private benefit to the consumer is not fully recognized at the time of consumption
Consumption of Merit good generates an external benefit to others.
Healthcare and Education are merit goods.
The market of merit goods is an example of complete market.

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.......... ... .. ..... ....... ..... . .... .. .. .... ..... ..?
..... .. ... ........ ....... ..... ... .. ..... ... .. ....... ..... ..|
..... . .... .. ..... ...... .. .. ...... ... ..... .... ..|
.. ... ...... .. .... ..... . .... .... ..|
..... . .... .. ..... .. ..... ..... .. ...... ..|
Ques :59
Which of the following are characteristics of Public goods?
Nonrivalry
Nonexcludability
Both (Nonrivalry)
and(Nonexcludability)
None of these
.......... ... .. .......... . .... .(. .......... ..... ..?
... ................|
... .........|
..... (... ................) .. (... .........)|
.... .. ... .....|
Ques :60
1A,
2B,
3C,
4D
1B,
2A,
3D,
4C
1A,
2B,
3D,
4C
1D,
2C,
3A,
4B
1A,
2B,
3C,
4D
1B,
2A,
3D,
4C
1A,
2B,
3D,
4C
1D,
2C,
3A,
4B
Ques :61
Which of the following is correct for Wagner's Law:
There is a functional relationship between growth of the economy and government activities.
The law is related to rising public expenditure.
Both (There is a functional relationship between growth of the economy and government activities) and (The
law is related to rising public expenditure) are true.

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None of these.
..... .. ..... .. .. .......... ... .. ..... ....... .... ..?
....... ..... .. ...... ...... ... ........ ...... .... .... ..|
.. ..... .... ... ....... .. .. ....... ..|
..... (....... ..... .. ...... ...... ... ......... ...... .... .... ..) . (.. ..... .... ...
....... .. .. ....... ..) .... ..|
.... ... ... .....|
Ques :62
Which one of the following is a Productive Public expenditure?
Defence Expenditure
Administration expenditure
Education expenditure
None of the above.
......... ... .. ..... ....... .......... .. ..?
.... ..|
......... ..|
.... ..|
.... .. ... .....|
Ques :63
Which of the following is not related to the effect of Public expenditure on Production?
Ability to work.
Willingness to work.
Income Inequality.
Level and Pattern of the production.
.......... ... .. ..... ....... ........... .. .. ....... .. .... .... ..... .. ....... ..... ..?
..... .... .(. .......|
..... .... .(. ..........|
.. .......|
....... .. .. ... ......|
Ques :64
Which one of the following is correct:
The impact and incidence of direct tax fall upon the person.
The impact and incidence of direct tax falls on the different persons.
The impact and incidence of indirect tax fall upon the same person.
Only (The impact and incidence of direct tax falls on the different persons) and (The impact and incidence of
indirect tax fall upon the same person) are correct.
......... ... .. ..... ....... .... ..?
....... .. .. ..... ... ..., ..... .. ... ..... .. .... ..|
....... .. .. ..... ... ... ......
........ .. .... ..|
........ .. .. ... ... ..... ..... .. ... ..... .. .... ..|
.... (....... .. .. ..... ... ... ......
........ .. .... ..) .. (........ .. .. ... ... .....

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..... .. ... ..... .. .... ..) .... ..|
Ques :65
In which of the following conditions, the whole incidence of tax lies on the sellers?


Elasticity of supply Elasticity of demand
Elasticity of demand Elasticity of supply
.......... ... .. .. .... .. .. .. ....... ... ......... .. .... ..?


... .(. ... .... .(. ...|
.... .(. ... ... .(. ...|
Ques :66
The inverse relationship between tax revenue and tax rates is called:
Buoyancy of Tax
Elasticity of Tax
Laffer Curve
None of these.
.. .... ... .. ... .. . . ..... ...... ...... ..:
.. .(. ...........
.. .(. ...
.... ..
.... .. ... .....|
Ques :67
1A,
2B,
3C,
4D
1B,
2A,
3C,
4D
1D,
2A,
3C,
4B
1D,
2A,
3B,
4C

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1A,
2B,
3C,
4D
1B,
2A,
3C,
4D
1D,
2A,
3C,
4B
1D,
2A,
3B,
4C
Ques :68
As per the 14th Finance Commission Recommendation, the States' share in the net proceeds of Union tax
revenue is:
40%
32%
38%
42%
14... ...... .... .(. ........ .. ......, ... .. ... . .(. .... .. ... ....... .. ... .. ..:
40%
32%
38%
42%
Ques :69
Arrange the following deficits as percentage of GDP in descending order: A. Revenue deficit B. Fiscal deficit
C. Primary deficit
A
C
A
C
..... ... ..... .. ...... .. ....... .. ... ... .... ... .. ... ... .. ...: A. ... . .... B. ........
.... C. ...... ....
A
C
A
C
Ques :70
What was the fiscal deficit target for the year 201516?
3.9 percent of GDP
3.0 percent of GDP
3.2 percent of GDP
2.8 percent of GDP
.... 201516
.. .. ........ .... .. .... ... ..?
...... .. 3.9 .......

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...... .. 3.0 .......
...... .. 3.2 .......
...... .. 2.8 .......
Ques :71
Which one of the following combination of two deficits is most challenging for the Indian Economy?
Fiscal and Revenue deficits.
Revenue and Primary deficits.
Current account and Fiscal deficits.
Budget and Fiscal deficits.
......... ... .. ..... .... ..... ...... .... .. .. .. .. .... .... ............ ..?
........ ... ... . ....|
... . ... ...... ....|
.... .... ... ........ ....|
... ... ........ ....|
Ques :72
Which one of the following is not relevant to Fiscal Policy?
Resource Mobilization.
Resource allocation
Equity
Exchange rate stability.
.......... ... .. ..... ........ ..... .. .. ........ ..... ..?
........ .(. .........|
........ .. .....|
......|
........ .. .(. . ....|
Ques :73
1A,
2B,
3C,
4D
1A,
2C,
3B,
4D
1A,
2D,
3C,
4B
1B,
2A,
3C,
4D

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1A,
2B,
3C,
4D
1A,
2C,
3B,
4D
1A,
2D,
3C,
4B
1B,
2A,
3C,
4D
Ques :74
Factor Abundance is defined:
In terms of Physical Units.
In terms of Relative factor Prices.
Both (In terms of Physical Units) and In terms of Relative factor Prices) are wrong.
Both (In terms of Physical Units) and In terms of Relative factor Prices) are true.
.... ....... .... .(. .... ..:
...... ....... .. ... ...|
...... .... .(..... .. ... ...|
..... (...... ....... .. ... ...) . (...... .... .(..... .. ... ...) ... ..|
..... (...... ....... .. ... ...) . (...... .... .(..... .. ... ...) .... ..|
Ques :75
Complete specialisation in Production refers
Linear Production Possibility Frontier
Concave Production Possibility Frontier
Convex Production Possibility Frontier
None of these.
....... ... ..... ............ .. ...... ..:
...... ....... ....... ..|
..... ....... ....... ..|
........ ....... ....... ..|
.... .. ... .....|
Ques :76
Autarky means:
The Absence of Trade.
Economic Isolation.
Both (The Absence of Trade) and (Economic Isolation) are wrong .
Both (The Absence of Trade) and (Economic Isolation) are true.

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.....(Autarky) .. ........ .... ..:
.... .(. ..... ....|
...... .....|
..... .... .(. ..... ....) .. (...... .....) ... ..|
..... .... .(. ..... ....) .. (...... .....) .... ..|
Ques :77
Which of the following statements are correct for comparative Advantage theory of International trade?
Statement A Difference in tastes between two nations with identical production possibility curves leads
mutually beneficial trade. Statement B Different production possibility curve with equal relative commodity
prices in two nations lead no mutually beneficial trade.
Only Statement A is correct.
Only Statement B is correct.
Both Statements A and B are correct.
Neither statement A nor statement B are correct.
.......... ... .. ..... ... ........... ..... .. ......... ... ...... .. ...... ... .... ..? ... A ..
....... .. . . ..... ...... .... .... ....... ....... .. .. .... .... .. ...... .. ..... ....... .. . .
..... ... .... ..| ... B .. ....... .. . . ..... ...... ..... .... .... ....... ....... .. ......
.... .. ...... .. ..... ....... ... . .... .(. .(..... .. .... ..|
.... ... A .... ..|
.... ... B .... ..|
..... ... .... ..|
. .. ... A .. . ... ... B .... ..|
Ques :78
Which of the following is not the basis of trade in HeckscherOhlin
theory of International trade?
Difference in relative factor endowments.
Difference in relative factor prices.
Difference in the economies of scale.
None of these.
.......... ... .. ..... ....... ...... ..
... .. ........... ..... ...... ... ..... .. .... ..... ..?
...... .... ....... ... ....|
...... .... .(..... ... ....|
...... .(. .... ..... ... ....|
.... .. ... .....|
Ques :79
Which one of the following is incorrect?
Immiserizing Growth Jagdish
Bhagwati
Reciprocal demand curves J.
S.Mill
Effect of trade on factor prices Samuelson
Effect of trade on the distribution of Income Stopler
and Samuelson
......... ... .. ..... ....... ..... ..?
........ ...... ...
... .....
......... .... .. ...
.....
.... .(..... .. ..... .. ..... ..
......|

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.. .. ........ .. ..... .. ..... .....
... ........|
Ques :80
Under unstable foreign exchange market, BOPs surplus of nation will be eliminated by
Currency devaluation
Currency Revaluation
Reducing Tarrif rates
None of these.
... . .. ....... ........ ..... .. ......., .. ..... .. ...... ...... .. ...... .... ... .....:
.. .. .. ........ ..|
.. .. .. ......... ..|
....... .. .. ....|
.... .. ... .....|
Ques :81
The Intra Industry
trade Model is based on
Comparative cost Advantage Theory.
Opportunity cost Theory
Reciprocal Demand Theory
Product differentiation.
.....
.... ..... .... ...... ..:
......... .... ... ......|
.... .... ......|
......... .... ......|
...... ......|
Ques :82
Suppose A and B are two trade Partner nations and the elasticity of nation offer curve is infinite, then
nation A will be
Small
Large
Technologically advanced
Backward
.... A ... B ..... ...... ..... .. .. ..... B .. .. ..... .. .(. ... .... .., .. ..... A ....
....
...
.....(. ... .. .....
...... ...
Ques :83
FDI inflow in India is entered in
Credit Items of Current Account.
Debit Items of Current Account.
Credit Items of Capital Account.
Debit Items of Capital Account.

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.... ... ....... ....... ...... .. .... .... ..... .. .... ... .... ..:
.... .... .(. ... .... ...
.... .... .(. .. .... ...
..... .... .(. ... .... ...
..... .... .(. .. .... ...
Ques :84
Factor income received from abroad is part of
Trade account
Current account
Capital account
Service account
....... .. ...... .... .. ... .. .... ..
..... .... ..
.... .... ..
..... .... ..
.... .... ..
Ques :85
The commodity or net barter terms of trade is defined as
Price of exports/ Price of Imports
Price index of Exports/ Price Index of Imports
Price index of exports/ Price index of imports) X 100
All of these.
. .. .. ....... . .. ........ .... .... .... .(. .... ..:
.......... .(. .(.../...... .(. .(...
.......... .. .(... ......./...... .. .(... .......
(.......... .. .(... ......./...... .. .(... .......) X 100
.... .. ...|
Ques :86
Which of the following are true for Import Quota?
Import Quota is used to protect domestic Industry.
Import Quota is used to protect domestic agriculture.
Both (Import Quota is used to protect domestic Industry) and (Import Quota is used to protect domestic
agriculture) are true.
Import quota is used to oblige foreign companies
......... ... .. ..... ....... .... .š... .. .. .... ..?
.... .š... ..... ...... .. ...... .... .. .. ....... ... .... ..|
.... .š... ..... ..... .. ...... .... .. .. ....... ... .... ..|
..... (.... .š... ..... ...... .. ...... .... .. .. ....... ... .... ..) .. (.... .š... .....
..... .. ...... .... .. .. ....... ... .... ..) .... ..|
.... .š... ....... ......... .. ......... .... .. ... ....... ... .... ..

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Ques :87
Exception to the StoplerSamuelson
theorem is:
Leontief Paradox
Metzler Paradox
Baldwin's empirical study
None of these.
.........
...... ..... .. ..... ..:
......... ..........
...... ..........
......... .. ........ . ..|
.... .. ... .....|
Ques :88
Assertion(A) Impostion of tariff creates dead weight loss or protection cost of tariff. Reason(R) Tariff
redistributes income from domestic consumers to domestic producers of the commodity. Reason(S) Tariff
redistributes income from Nation's abundant factor to the Nation's scarce factor.
All and are correct and both and are correct explanation of
All and are correct but only is the correct explanation of
is true but both and are false.
Both and are correct but is false.
.....(A) ....... ..... .. .. '... ... ...' .. ...... .(. .... .. ..... .... ..| ....(R)
....... .. .. ........... . .. .. ..... .......... .. . .. .. ..... ......... .(. .. .... ..| ....(S)
....... .. .. ............. ..... .. ..... .... .. ..... .. ...... .... .(. .. .... ..|
... ... .... .. ... ..... ... .(. .... ...... ..|
... ... .... .. ...... .... ... .(. .... ...... ..|
.... .. ...... ..... ... ... ..|
..... ... .... .. ...... ... ..|
Ques :89
Growth rate of population means:
The difference of growth between male and female.
The difference in population between urban and rural area
The number of births per thousand people
The difference between birth and death rates.
........ .(. ...... .. .. .... ..1)
. . ..... .. . . ...... ... ....
...... . ..... ........ .. . . ....
.. .... .... .. ...... .(. ......
...... . .... .... ... ....
Ques :90
Which one indicator is currently not used in the Human Development Index?
Real GNP per capita
Employment Rates
Educational attainment
Life expectancy at birth

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.... ...... ....... ... ......... ... ..... .... ..... ..... ... .... ..
..... ..... .. ..... ... ...... ......
...... ....
.... .......
.... .. ... .... ........
Ques :91
Micro banking is rooted from the philosophy of:
Mohammad Yunus
Manmohan Singh
MahbubulHaq
Amartya Sen
......
..... .. .... .... ..... .. ...... ..
...... .....
...... ...
..........
....... ...
Ques :92
In a free economy, inequalities of income are mainly due to?
Free trade policy
Private property and inheritance
Difference in the marginal productivity of labour
Private property only.
.. ... .... .. .. ..., .. ... .......... ........ .. ..... .... .... ..1)
... ..... .....
..... ...... .. .......
. .(. ....... ......... ... ....
.... ..... .......
Ques :93
In Agriculture Agreement, WTO has classified subsidies as three boxes:
Yellow box, black box and green box
Amber box, red box and green box
Red box, green box, and Yellow box
Amber box, blue box and green box
...... ..... ..... .. ..... ...... ... ........ .. .. ... ..... ... .. ... ... ..1)
.... ....., .... ..... ... ... .....
.... ....., ... ..... ... ... .....
... ....., ... ..... ... .... .....
.... ....., .... ..... ... ... .....
Ques :94
Cost Cascading effect of a tax is:

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Tax and subsidy coming together
Tax with exemption
Tax with investment
Tax on tax
.. .. .... .. ..... ..... ..:
.. . ...... .. ... ...
... .. ... ..
...... .. ... ..
.. .. ... ..
Ques :95
The international institution dedicated to counter money laundering is:
Financial Stability Board
Financial Action Task Force(FATF)
International Centre for Settlement of Investment Disputes(ICSID)
UNCTAD
.... .. .. .. .(... ..........) .... .. ..... .. .. ........... .. .. ..:
........ . .... .....
........ .......... ....... (...........)
........... ...... ...... ........ .....(..............)
......
Ques :96
The Laffer curve as a tax policy instrument; advocates:
Optimization of tax revenues and minimization of tax rate
Optimization of tax rate and maximization of tax revenue
Minimization of tax rate and maximization of tax revenue
Maximization of tax rate and maximization of tax revenue
.... .. .. .. ..... .. .... .. ... ... ..... .... ..1)
.. ... . .. ........ ... ... .. .. .. ..........
.. .. .. ........ ... ... .. ... . .. ...... ...
.. .. .. .......... ... .. ... . .. ...... ...
.. .. .. ...... ... ... .. ... . .. ...... ...
Ques :97
Consider the following statements: 1. Between 2001 and 2011, employment growth was lower than growth in
the labour force 2. Employment elasticity is a measure of how employment growth varies with the growth in
labour force. Which of the statements above is/are correct?
1 Only
2 Only
Both 1 and 2
Neither 1 nor 2
..... ..... .. ...... .(.....: 1. 2001 .. 2011 .. . . ...... ...... .. ...... ...... .. .. .. ..| 2.
...... ... ..... .. . ...... ... ...... .. ... ...... ...... .... .......... .... ..| ... .. ... .... ..1)
.... 1
.... 2

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1 ... 2 .....
.. 1 .. 2
Ques :98
Consider the following statements: 1. Agriculture and allied activities employ around 49% of India's total
workforce. 2. Agriculture sector accounts for around 14.4% of India's Gross Domestic Product. Which of the
statements above is/are correct?
1 Only
2 Only
Both 1 and 2
Neither 1 nor 2
..... ..... .. ...... .(.....: 1. ..... ... ..... ..... .... .(. ... . ..... .. .... 49% ..
...... ..... .... ..| 2. ..... ... .. .... .. ... ........ ...... ... 14.4% ...... ..| ..... ... ....
..1)
.... 1
.... 2
1 ... 2 .....
.. 1 .. 2
Ques :99
Unemployment Rate' is defined as
The number of persons unemployed as a proportion of labour force
The number of persons unemployed as a proportion of the working age population
The ratio of persons unemployed to those employed
Both (The number of persons unemployed as a proportion of labour force) and (The number of persons
unemployed as a proportion of the working age population)
.......... .. .. ......... .... ..1)
. ..... .. ...... ... .... ... ........ ..|
........ ... ........ .. ...... ... .... ... ........ ..|
...... ...... ........ ... ........ ........ .. ......
. ..... .. ...... ... .... ... ........ ..) ... (........ ... ........ .. ...... ... .... ...
........ ..) .....|
Ques :100
Consider the following statements with regard to the findings of the recently released NSSO employment and
unemployment survey: 1. Selfemployment
is the major source of income for almost half the households, in
rural areas. 2. In urban areas, the proportion of households deriving major income from regular wage or
salary earnings is the highest Which of the statements above is/are correct?
1 Only
2 Only
Both 1 and 2
Neither 1 nor 2
... ... ... ..... NSSO .. ...... . ........ ....... .. ......... .. .... .. ..... ..... .. ...... .(.....1.
...... ... .. ... .... ... .... ... .. .. ..... .. ....... ..| 2. ..... ... .. ... ...... ....... ..
.... .. .. ...... .... .... .... .. ...... ...... ..| ..... ... .... ..?
.... 1
.... 2

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1 ... 2 .....
.. 1 .. 2
Ques :101
The Economic Survey 201516
highlights India's potential growth rate of 8 to 10 percent. To achieve the same
it suggests a push in:
Promoting entrepreneurship and reducing the role of the state
Higher investments in health
Greater focus on agriculture
All of these.
.... ....... 201516
... .... .(. 810
....... ...... .. ...... .... .(. ..... .. ..... .... ... .. ...
...... .... .. ... .. ..... .. ... ..... ... ..
....... .. ..... .... ... ..... .(. ..... .....
....... ... .... ......
..... .. .... .......
..... .. ...
Ques :102
Consider the following statements: 1. In the last two years, Indian services exports have been more affected
than Indian manufacturing exports. 2. Currently, India's services exports constitute about 6 percent of world
exports. Which of the statements above is/are correct?
1 Only
2 Only
Both 1 and 2
Neither 1 nor 2
..... ..... .. ...... .(.....1.
...... .. .... ... ...... .... ... .. ........ ........... ... .. ........ ..
.... ........ ... ..| 2. ....... ... .... .. .... ... .......... .. ...... .......... ... ... .. 6 ....... ..| .....
... .... ..1)
.... 1
.... 2
1 ... 2 .....
.. 1 .. 2
Ques :103
The Office of the Chief Economic Adviser in India compiles and releases the Index of Eight Core Industries.
Which of the folllowing is NOT one among the eight core industries?
Natural Gas
Cement
Steel
Iron Ore
.... ... ..... ...... ....... ........ .. ... ...... .. ....... .. ..... .. ..... .... ..| .....
... .. ... .. .. ...... ... .... ..... ..|
......... ...
......
....
.... .. .

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Ques :104
Which wing of the NITI Aayog comprises of the Chief Ministers of all States and Lt.Governors of Union
Territories?
The fulltime
Organizational Framework
Team India Wing
The Consultancy Wing
The Governing Council
..... .... .. ..... ..... ... ....... .. ..... .. .. ... ..... .... ....... .. .......... ........ ..
.... .... ..
..... ...... .......... .......
.... ..... .....
.......... .....
.... ......
Ques :105
With reference to the case of kerosene in India, which of the following statements is/are correct? 1. Public
Distribution System(PDS) leakages increase with the size of PDS allocations. 2. For every rise in a state's
income, total kerosene consumption of that state declines by less than 3. PDS kerosene allocations
significantly exceed consumption in nearly every state Select the correct answer:
2 and 3
2 and 3 Only
1 and 3 Only
3 Only
.... ... .. .. ... .. ...... ... ..... ... .. ... .. ... .... ..1.
.......... ...... .......(.........) ..
..... ......... ..... .. .... .. ... .... ..| 2. .. ..... .(. ....... .. .... .. .. ..... ..
.. .. ... .. ..... .. .. .... ..| 3. .......
... ....... ..... ... ......... .. ..... .. ..
..... .. .... ..| .... ..... ......
2 ... 3
.... 2 ... 3
.... 1 ... 3
.... 3
Ques :106
The 'India Aspiration Fund' by Small Industries Development Bank of India is a fund:
That would invest in Venture Capital Funds
For meeting the equity requirement of Medium, Small and Micro Enterprises
That would invest in Research and Development at IITs.
For funding 'Innovative Startups'.
...... ... .... ...... .... .... ..... ... ... '..... .. ..... ..À.' .. ... ..1)
.. ...... ..... ..... ... ...... .....
... . .. ... .... ........ .(. ... ..... .(. ....... .. .... .... .. ..
.. .. ... ... ... ... ...... ... ...... .....
...... ..... .. .. ..À. .... .. ..
Ques :107

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Which of the following can be calssified as nontariff
barriers?
Quality standards on Information Technology products
Antidumping
duty on steel
Complex regulatory environment
All of these.
..... ... .. ... ... ..... ...... ... .. ... ... .. .... ..
..... .....(. ........ .. ........ .....
.... .. ..... ...... .....
..... .......... .......
..... .. ...
Ques :108
MUDRA Banks will:
Primarily lend to SC/ST enterprises.
Provide finance to other banks and Micro Finance Institution who in turn will do the lending activities.
Set up a branch in every district of the country by 2019 in order to promote financial inclusion.
Primarily lend to enterprises being run by women.
..... .... ......
....: .. .. /.. ... ........ .. .... .....
.... ...... ... .... ........ .. ... .. ...... ..... ...... .. ... .... .... .(. ..... ......
.... 2019 .. ... .. ....... .... ... .. .... ....... ... ........ ....... .. ..... ..... .. ...
....: ........ ...... ..... .... .... ....... .. .... .....
Ques :109
The quota that restricted trade in textiles was known as:
MFA
GATS
TRIMS
TRIPS
.. .... ..... .... .... ..... .. ..... . ...
... ... ..
....
.....
......
Ques :110
Development expenditure of the Central government does not include
Expenditure on economic services
Defence expenditure
Expenditure on social and community services
Grant to states
...... ..... .. ...... .. .... .... ..... .... ..
...... ...... .. ..
.... ..


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....... . .......... ...... .. ..
....... .. ......
Ques :111
Which is the cause of growing urbanization in India?
Growth of industry and trade in the urban areas
Excessive pressure of population in rural areas
Low productivity in agriculture
All of these.
.... ... .... ........ .. .... .... ..
..... ... .. ... ...... . ..... .(. ......
...... ... .. ... ........ .. ......... ....
..... ... .. .........
..... .. ...
Ques :112
Which of the following measure is appropriate for correcting BOP scenario?
Currency revaluation
Expansionary monetary policy
Currency devaluation
Contractionary fiscal policy
...... ...... .... .. .... .... .... ..... ... .. ... .. .... ....... ..
..... ..............
... ... ..... .....
..... ........
....... ........ .....
Ques :113
In Leontief Paradox, the results obtained in the context of HeckscherOhlin
theory showed that:
U.S. exports were 30 percent more capital intensive than U.S importsustitutes
U.S. importsubstitutes
were 30 percent more capital intensive than U.S exports.
U.S. exports were 20 percent more capital intensive than U.S importsustitutes
U.S. importsubstitutes
were 15 percent more capital intensive than U.S exports.
...... .... ...... ... ...... ...... .. ...... ..., ........ .......... ..... .. .
....... .. ........ .... ..
. .... .(. ..... ... 30 ....... .... ..... ... ..
....... .. .... ..
. .... .......... .(. ..... ... 30 ....... .... ..... ... ..
....... .. ........ .... ..
. .... .(. ..... ... 20 ....... .... ..... ... ..
....... .. .... ..
. .... .......... .(. ..... ... 15 ....... .... ..... ... ..
Ques :114
SouthSouth
cooperation
means:
Increasing diplomatic realtions among emerging economies
Rising trade between countries
The flow of resources from one developing country to another
Increasing investment between developing countries

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.... .
... ..... .. .... ..
..... .... .. .... ... ........ ...... .....
..... .. . . ..... .....
.. ......... ... .. ..... ......... ... .. ...... .. .....
......... ..... .. . . ...... .....
Ques :115
Which of the following is not granted the Maharatna status by the Union Government of India?
BSNL
ONGC
NTPC
BHEL
.... .(. ..... ..... .. ..... ... .. ... ....... .. .... ..... ..... ... ..
BSNL
ONGC
NTPC
BHEL
Ques :116
As per the Budget proposals for 201617,
what per cent Krishi Kalyan Cess will be levied on all services?
0.25%
0.50%
0.75%
0.10%
... ...... 2016 17
.. ......, ..... ...... ... ... ...... .. .... ....... ..... ......
0.25%
0.50%
0.75%
0.10%
Ques :117
The government has released a new four colour
classification scheme for industries based on their pollution
potential. Which is NOT correct in this regard?
Moderately polluting orange
category
Not polluting white
category
Most polluting red
category
Moderately polluting black
category
..... .. ...... .(. ...... ..... .. ...... .. ... .... .. ... ... ... ...
.(. .. ... .....
..... .(. .. .. ...... ... ..... .... ..... ..
....... ........... ......
...
... ........... ....
...
.... .... ........... ...
...
....... ........... ...
.. ...
Ques :118
Which one of the following factor establishes tha imporatnce of agriculture in the national economy of India?
Higher per capita income of the people of the country.

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Higher share of agriculture sector in the GDP of the country.
Higher share of industrial sector in the GDP of the country.
Higher percentage of agriculture dependent population in the country.
..... ... .. ..... .... .... .(. ........ .... .. .. ... ..... .. ....... .. ...... .... ..
... .. ..... .(. .... ..... ..... ..
... .(. .. .. .. ... ..... ... .. .... ... ..
... .(. .. .. .. ... ...... ... .. .... ... ..
... ... ..... .. ....... ........ .. .... .......
Ques :119








Ques :120
The two regression lines will be at right angles in case of two variables if:
r 0
r
r 1
r is either or 1
.. .... .. ...... ... .. ........ ...... ..... .. .... ....
r 0
r
r 1
.. .. r .. 1
Ques :121
The calculated value of Ftest
will always be:
1
1
1
None of these
F ..
. .(. .... ... ..... .. ... ....
1
1
1
..... .. ... .....

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Ques :122
If a hypothesis is not rejected at 10% level of significance, it:
Must be rejecting at level of significance
May be rejecting at level of significance
Will not be rejected at level of significance
Must be rejecting at 2.5% level of significance
.... .. ......... 10 ........ .. .. . ..... ..... .... .. .. ..
5 ........ .. .. . ..... ..... ....
5 ........ .. .. . ..... .. .... ..
5 ........ .. .. . ..... ..... ....
2.5 ........ .. .. . ..... ..... ....
Ques :123
Stratified sample is preferred where1)
The polulation is perfectly homogeneous
The population is not homogeneous
Random sampling is not possible
Small samples are required
....... ......... .. .... ... .... .., ....
........ ........ ...... ..
........ ...... ..... ..
......... ........ .... ..... ..
.... ......... .(. ........ ..
Ques :124
Assertion(A): Devaluation can correct imbalance in the balance of payment. Reason R Devaluation raises
the price of imported goods and reduces the foreign price of exports of the devaluating country.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is true, but R is false.
A is false, but R is true
........ ...... ...... ... ....... .... .. .... ..| ........ ....... . ....
.(. .(... ..... .. ... ........ ... ... ... .. .......... .(. ........ ... .(... ..... ..
... ..... .... ... ... .. .... ......... ..
... ..... .... ... ...... .. .... ......... ..... ..
.... .. ...... ... ..
... .. ...... .... ..
Ques :125

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A2,
B3,
C1,
D4
A1,
B2,
C3,
D4
A2,
B3,
C4,
D1
A4,
B1,
C2,
D3
A2,
B3,
C1,
D4
A1,
B2,
C3,
D4
A2,
B3,
C4,
D1
A4,
B1,
C2,
D3
Ques :126
Assertion Balance of current account is a flow concept. Reason R Balance of capital account is a
change in stock concept.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is true, but R is false.
A is false, but R is true
...(A) .... .... .. ...... .. ..... ....... ..| ....(R) ..... .... .. ...... .. ... .......
... ........ ..|
A ... R ..... .... .. ... A .. .... ......... ..|
A ... R ..... .... .. ...... A .. .... ......... ..... ..|
A .... .. ...... R ... ..|
A ... .. ...... R .... ..|
Ques :127
Public goods are:
Goods for which the public must pay
Exclusion is not possible
More costly than a private good.
None of these.
.......... . .... ..:
.. . .... ..... .. .... .. ...... .... ......|

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Ques :128
Assertion A progressive income tax is based on equimarginal
sacrifice. Reason R Higher the
income, lower will be the marginal utility of money for the tax payer.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is true, but R is false.
A is false, but R is true
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Ques :129
To reduce the rate of inflation, the government should
Increase public expenditure
Encourage consumer spending
Increase income tax
Reduce interest rate
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Ques :130
An income tax is considered automatic stabilizer:
Tax revenues change with the level of income.
Income levels changes with tax revenues
Interest rates changes with level of income.
Tax revenues remain unchanged with change in level of income.
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Ques :131
Which of the following is not an item of transfer payment?

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Pension
Scholarship
Dividend
Subsidy
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Ques :132
The Principle of maximum social advantage was propounded by:
Lindal
Wagner
Musgrave
Dalton
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Ques :133
Tax based on specific attributes of good like weight, size or volume is called as:
Specific tax
Advalorem tax
Gift tax
None of these.
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Ques :134
A Payment for the service rendered by the state is called as:
Prices
Fines
Fees
Special assessment
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Ques :135
The incidence of import duties will be on:
Consumers
Producers
Both Producers and Consumers
None of these
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Ques :136
Theorem that states free trade leads to an increase in the income of nation's abundant factor is:
StoplerSamuelson
theorem
Metzler Theorem
Rybczynski theorem
Ricardian theorem
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Ques :137
Necessary condition for the validity of HecksherOhlin
model:
Factor intensity reversal
Similar factor endowment in two nations
Strong factor intensity
Single factor of production
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Ques :138
The occasional sale of a commodity at a lower price abroad than domestically is:
Predatory dumping
Persistent dumping
Sporadic dumping
Prohibitive dumping
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Ques :139
Which of the following does not pertain to the partial equilibrium effect of tariff:
Trade diversion effect
Redistributive effect
Consumption effect
Revenue effect
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Ques :140
Which of the following is considered a capital inflow in BOP:
A sale of Indian financial assets to a foreign buyer
A loan from an Indian bank to foreign borrower
A purchase of foreign financial assets by an Indian buyer
An Indian citizen's repayment of a loan from a foreign bank
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Ques :141
Formation of customs union may lead to:
Increase in the welfare
Decrease in the welfare
Both (Increase in the welfare) and (Decrease in the welfare)
Neither (Increase in the welfare) nor (Decrease in the welfare)
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Ques :142
If a nation terms of trade is its trade partners terms of trade will be:
2
4
1/2

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8
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2
4
1/2
8
Ques :143
PrebischSinger
hypothesis is associated with:
Export instability
Complementary trade theory
Strategic trade policy
Deteriorating terms of trade
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Ques :144
The tariff calculated on the domestic value added in the production of a commodity is:
Optimum tariff
Specific tariff
Restrictive tariff
Rate of effective protection
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Ques :145
Demographic dividend refers to:
Dividend distributed by corporations among share holders
Large proportion of persons below 15 years of age.
Large proprotion of persons in the age group 1559.
Very high proportion of dependents in the population.
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1559
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Ques :146
primary focus of food security in India is on:

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Procurement of food grains from farmers at support prices
Public distribution of foodgrains among poor households.
Public distribution of food grains among holders of ration cards
Supply of essential consumer goods at fair parice shops.
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Ques :147
Chakravyuh of Indian economy indicates that
Enrty of en