1. In which terms is the Rate of growth of an economy measured?
National income
2. By whom the rank of the different Ministers in the Union Council of Ministers is determined?
Prime Minister
3. The Imperial Bank of India, after nationalization was given the name of which bank?
State Bank of India
4. On which tax is the minimum effect of Direct Taxes?
Income
5. What is temporary tax levied to obtain additional revenue?
Surcharge
6. In the short run, a producer,’ how long continues his production?
Fixed cost
7. Who was the first Chairman of the Planning Commission?
Pt. Jawahar Lal Nehru
8. In the short run, a producer, ‘how long continues his production?
Fixed cost
9. By which income individual’s actual standard of living can be assessed?
Disposable Personal Income
10. A firm is called maximum efficient firm if it has?
Minimum Average Cost
11. Implicit cost may be considered as?
Private cost
12. “The Mid-day Meal” scheme is covered under the Ministry of?
Human Resource Development
13. Which of the following associate bank has been taken over by the State Bank of India in 2008?
State Bank of Saurashtra
14. In the Union Budget, the term „Primary Deficit‟ means?
Fiscal Deficit — Interest Payment
15. As a measure to unearth black money, the demonetization of Rupees 1000 currency notes in India was done in the year?
1978
16. The Lead Bank scheme was launched in India on the recommendation of?
F. K. F. Nariman
17. Firms have chronic excess production capacity in?
Monopolistic competition
18. The positional average is shown by?
Median
19. The term rainy day‟ used by Keynes is related with?
Precautionary demand
20. Root mean square of all the deviations is known as?
Standard deviation
21. The tax called CENVAT is related to?
Union Excise Duty
22. Which of the following type of facts are not Considered under the study of statistics
Qualitative facts
23. The statistical calculations in classified data are based on?
The mid-points of the classes
24. The Child Labour (Prohibition and Regulation) Act, 1986 prohibits the employment of Children below the age of?
14years
25. To meet the objective of inflation control, the Central Bank should adopt following policy measures
Increase in cash reserve ratio, along with sale of securities under open market operations
26. When was the concept of core sector introduced in Indian industries?
1970
27. Which is the apex bank for micro finance in India?
National Bank for Agriculture and Rural Development
28. Which of the following is the largest component of India’s external debt?
Commercial borrowings
29. Tobin tax is related with?
Black money transactions
30. The terms “Static” and “Dynamic” in economics were first used by?
Mill