31.  Which of the following was not a factor for retardation of industrial growth last year?

a

  Non-availability of funds

b

 Labour disturbances

c

 Non availability of raw materials

d

 Energy crisis

Answer & Explanation
Answer : Option B
Explanation :

32.  A consumer is said to be in equilibrium, if

a

  he is able to fulfil his need with a given level of income

b

 he is able to live in full comforts with a given level of income

c

 he is able to locate new sources of income

d

 he can fulfil his needs without consumption of certain items

Answer & Explanation
Answer : Option A
Explanation :

33.  Which sector has maximum weightage in the index of industrial production assigned?

a

  All equal

b

 Electricity

c

 Manufacturing

d

 Mining and quarrying

Answer & Explanation
Answer : Option C
Explanation :

34.  TANKAN is revision of the Industry Classification of the Short-term Economic Survey of Enterprises (usually quarterly ) is used in following country ?

a

  South Korea

b

 China

c

 All of them

d

 Japan

Answer & Explanation
Answer : Option D
Explanation :

35.  Which among the following is the apex organization of Industrial Finance in India?

a

  IDBI

b

 IFCI

c

 RIDF

d

 ICICI

Answer & Explanation
Answer : Option A
Explanation :

36.  Resurgent India Bonds were issued in US Dollar, Pound Sterling and

a

  Euro

b

 Deutsche Mark

c

 Japanese Yen

d

 French Franc

Answer & Explanation
Answer : Option B
Explanation :

37.  The garibi hatao (eradicate poverty) slogan was coined during the

a

  Rural employment

b

 Educated employment

c

 Urban employment

d

 Rural and urban employment

Answer & Explanation
Answer : Option B
Explanation :

38.  NASSCOM is the organisation of companies of which sector?

a

  Information technology

b

 Mobile phone service

c

 Media

d

 Automobiles

Answer & Explanation
Answer : Option A
Explanation :

39.  What is the full form of the given acronym REC?

a

  Regional Economy Corporation

b

 Rural Economy Corporation

c

 Regional Electrification Corporation

d

 Rural Electrification Corporation

Answer & Explanation
Answer : Option D
Explanation :

40.  FDI in Multi-Brand Retail Trade (MBRT) in all products is now permitted in India subject to
1.promotion of free trade and resource flows across countries
2.protection of intellectual property rights
3.managing balanced trade between different countries
4.promotion of trade betwen the former East Bloc countries and the Western World

a

  Only 2

b

 1, 2, 3 and 4

c

 1, 2 and 4

d

 1 and 4

Answer & Explanation
Answer : Option C
Explanation :

41.  Which of the following is/are the functions of the National Development Council of India?
1.Separation of provincial budgets from the central budget for the first time
2.Introduction of portfolio system in the Executive
3.Establishment of a Federal public service commission Which of the systems given above is correct:

a

  1 only

b

 1, 2 and 3

c

 2 only

d

 3 only

Answer & Explanation
Answer : Option B
Explanation :

42.  The maximum revenue source of village panchayats is

a

  Sales tax

b

 Voluntary help by village cooperatives

c

 Local taxes on lands, fairs and festivals

d

 Government grants

Answer & Explanation
Answer : Option D
Explanation :

43.  Which of following are reasons for India's twin balance sheet problem?
1.Under Containment scenario, Economy grows with improvement in cash flows to stressed companies so that they can service debts
2.Under Phoenix scenario, NPAs are limited to a small proportion of the GDP and GDP growth is increased. In this way problem is not solved but fades in importance Identify the correct statements: Codes:

a

  None are correct

b

 All are correct

c

 2 & 3 only

d

 1 & 2 only

Answer & Explanation
Answer : Option B
Explanation :

44.  What is land ceiling?

a

  To fix a land area for irrigation purposes

b

 To fix the quantum of land held by a family

c

 To fix rural land holdings at the existing level

d

 To fix urban land holdings at the existing level

Answer & Explanation
Answer : Option B
Explanation :

45.  Why is the offering of 'teaser loans'' by commercial banks a cause of economic concern?
1.The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2.In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units. Which of the statements given above is/are correct?

a

  Neither 1 nor 2

b

 2 only

c

 Both 1 and 2

d

 1 only

Answer & Explanation
Answer : Option D
Explanation :



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