1. In World Bank, the Board of Governors is the supreme body and the voting power of the Governor of a member country is related to the financial contribution of the country concerned. True or False
TRUE
2. Which one of the following best describes the nineteenth century gold standard system?
Automatic system with fixed exchange rates
3. Which of the following are the components of foreign capital?
Grants and loans, External commercial borrowings, Foreign direct investment, Deposits from non-residents.
4. Which one of the following situations occurs during the period when borrowers and lenders expect inflation?
The nominal rate of interest equals the real rate of interest
5. According to the classical theory of employment, deviations from the state of full employment are of:
Purely temporary nature
6. Which one of the following is related to the theory that supply created its own demand and therefore full employment Is a natural situation?
Say’s law
7. According to Keynes, which one of the following is meant by liquidity preference?
Desire to hold cash
8. Which of the following are included in broad money (M 3) in India?
Currency with the public, Demand deposits with banks, Time deposits with banks, "Other‟ deposits with RBI.
9. Loss of information occurs during?
Collection of data
10. The first State in India- which published its State Human Development Report, is?
Kerala
11. The Utility Index Number has been developed by?
Neumann and Morgenstern
12. The best average for the construction of index number is?
Geometric mean
13. The minimum price below which the seller will not sell the goods, is known as?
Reserve price
14. Automatic stabilizer is a tool of?
Taxation policy
15. The price of a commodity will increase if the increase in demand is?
More than increase in supply
16. The following Industrial Policy Resolution is known as the Economic Constitution of India?
Industrial policy, 1956
17. If two regression lines are perpendicular to each other, the correlation coefficient will be?
Zero
18. Who is known as the „Architect‟ of Indian Planning?
M. Visvesaraia
19. The entertainment tax in India was first introduced in the State of?
Bengal
20. Arithmetic mean of deviation is always?
Equal to zero
21. Elinor Ostrom, the first woman to win the Nobel Prize in economics in 2009. Has been awarded for her contribution in the field of?
Management of common property
22. National development council was set up in
1952
23. Economic planning is a subject of ___ list
Union list
24. For internal financing of five year plans, the government depends on:
Taxation only
25. The national development council gets its administrative support from:
Planning commission
26. The five year plans of India intend to develop the country industrially through:
The public, private, joint and cooperative sectors
27. The ex-officio chairman of the planning commission and national development council is
Prime minister
28. The planning commission is
An advisory body
29. Take off stage in an economy means
Steady growth begins
30. Planning in India derives its objectives from
Directive principles of state policy