1. Consider the following statements: [CDS 2002]
1. The Ministry of External Affairs is in-charge of monetary policy in India.
2. The. Ministry of External Affairs is in-charge of foreign exchange rate determination in India.
3. The Ministry of Commerce puts forward the Export-Import Policy in India.
4. The Planning Commission prepares the Annual Budget of the Government
Which of the statements is/are correct ?
Correct : C. 3 only
2. Which of the following are the public sector undertakings of the Government of India?
1. Balmer Lawrie and Company Ltd.
2. Dredging Corporation of India 3. Educational Consultants of India Ltd.
Select the correct answer using the code given below [IAS 2008]
Correct : D. 1, 2 and 3
3. Which one of the following statements is not correct? [IAS 2005]
Correct : A. Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration.
4. Which of the following pairs are correctly matched? [IAS 2005] Enterprise Industrial Group
1. VSNL : Bharati Group
2. Mundra Special Economic Zone Ltd. : Adani Group
3. CMC Ltd. : Tata Group
4. IPCL : Reliance Group
Select the correct answer using the codes given below:
Correct : D. 2, 3 and 4
5. Which of the following authority sanctions foreign exchange for the import of goods?
[UP PCS 2011]
Correct : C. Reserve Bank of India
6. Which organisation promotes the foreign trade? [UP PCS 2011]
Correct : D. replacing import items by domestic production of such items
8. Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?
1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
2. The Government no longer intends to retain the management control of the CPSEs.
Which of the statements given above is/are correct? [CSAT 2011]
Correct : D. Neither 1 nor 2
9. Both Foreign Direct Investment (FOI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two? [CSAT 2011]
Correct : B. FII helps in increasing capital availability in general, while FDI only targets specific sectors
10. Which one among the following statements is correct? [CDS 2012]
Correct : D. In spite of border problems, India's trade with China registered a quantum jump during the years 2001-2010
11. Sickness of small units can be because of the factors:
1. under-utilisation of capacity
2. non-payment by the large firms
3. dependence on borrowed funds
4. lack of management expertise
Correct : C. 1, 2 and 4
12. "Sunrise Industries" are Industries:
Correct : D. which have high growth potential and meet further requirements of the economy
13. Arbitrage implies:
Correct : A. practice of taking advantage of rice difference in two markets
14. Sector-wise, maximum employment in the public sector is in :
Correct : B. community, social and personal services
15. Over the last few years:
1. the value of imports has increased at a faster rate as compared to exports
2. exports have fallen as compared to imports
3. both exports and imports have risen
4. the balance of trade has been favourable to India
Correct : B. 1 and 3
16. Which of the following are not features of India's small-scale industries in general?
1. large employment potential
2. great export potential
3. highly skilled labour
4. efficient marketing system
Correct : D. 3 and 4
17. Which one among the following is not true for Special Economic Zones? [CDS 2011]
Correct : C. No permission for subcon- tracting
18. The biggest Public Sector undertaking in the country is ____ [Corporation Bank PO 2011]
Correct : C. Railways
19. With reference to India, which one of the following statements is NOT correct? [IAS 2003]
Correct : A. IPCL is India's largest petrochemical company
20. What is the current account of balance of payments?
Correct : D. It is the account showing trade balance plus invisible balance
21. Core industries include:
Correct : D. all the above
22. The core sector includes:
I. Coal II. Power III. Petroleum IV. Soaps and Detergent
Correct : B. I, II and III
23. Invisible Export means export [Corporation Bank PO 2011]
Correct : A. Services
24. Which of the following sectors does not come under tertiary sector?
Correct : D. Electricity
25. Which of the following committees was assigned to recommend reforms in the insurance
sector?
Correct : C. Malhotra Committee
26. Consider the following statements: [IAS 2004]
1. National Thermal Power Corporation has diversitled into hydropower sector
2. Power Grid Corporation of India has diversified into telecom sector
Which of the statements given above is/are correct?
Correct : A. 1 only
27. Whenever newspapers talk about the performance of core industries, which of the following is NOT considered among them? [Bank of India PO 2010]
Correct : C. Mining
28. Which one of the following pairs is not correctly matched? [CDS 2008]
Correct : D. Kingfisher Airlines - MDLR Airlines
29. Which institution provides long run finance to industries?
Correct : D. All of these
30. One of the main factors that led to rapid expansion of Indian exports is :
Correct : A. liberalisation of the economy
31. The main argument advanced in favour of small scale and cottage industries in India is that:
Correct : D. they generate a large volume of employment
32. Present Industrial policy in India aims at :
Correct : C. accelerating the performance of mixed economy
33. When does the problem of unfavourable balance of payment arise?
Correct : D. When imports are greater than exports
34. The difference between visible exports and visible imports is defined as [Corporation Bank PO 2011]
Correct : A. Balance of trade
35. Which of the following was formed to suggest means for eradicating black money? [I. Tax 1992]
Correct : D. Chelliah Committee
36. BoP (Balance of Payment) refers to :
Correct : D. systematic record of all its economic transaction with the rest of the world
37. Mashelkar Committee was constituted to report on :
Correct : D. auto fuel policy
38. Which of the statements given above is/are correct? [CDS 2008]
1. The USSR assisted in the building of the Bhilai Steel plant.
2. The British assisted in the building of the Bokaro Steel plant.
Correct : A. 1 only
39. New exim policy has choosen a town for the pottery export :
Correct : C. Khurja
40. A country is said to be in a debt trap if: [IAS 2002]
Correct : B. it has to borrow to make interest payments on outstanding loans
41. 'Dumping' in the context of international trade refers to : [CDS 2000]
Correct : A. exporting goods at prices below the actual cost of production
42. The exports of India:
Correct : B. are spread over several commodity groups
43. G-77 summit is a forum for: [CDS 2000]
Correct : A. North-South Cooperation
44. The headquarters of World Trade Organisation is in : [CDS 2000]
Correct : C. Geneva
45. The headquarters of OPEC (Organisation of Petroleum Countries) is at :
Correct : C. Algeria
46. Per capita income
Which of the above is/are the parameters for the measurement of Human Development Index by UNDP? [CDS 2005]
Correct : D. 1, 2, 3 and 4
47. Which of the following constitute the World Bank? [IAS 1995]
1. International Bank of Reconstruction and Development
2. International Finance Corporation
3. International Development Association
4. International Monetary Fund
Choose the correct answer from the codes given below:
Correct : A. 1, 2 and 3
48. The headquarters of IMF and World Bank are located at :
Correct : D. Both Washington DC
49. Voting rights in the IMF are distributed on the basis of: [CDS 1993]
Correct : D. proportion to quota alloted to countries from time to time
50. "World Development Report" is an annual publication of: [IAS 2002]
Correct : B. International Bank of Reconstruction and Development
51. Special Drawing Rights (SOR) facility is available at : [SSC Graduate 2003]
Correct : A. International Monetary Fund (IMF)
52. PIIGS is the group of nations falling under........ [RBI Grade B Officer 2011]
Correct : A. Euro zone
53. As we all know rise of the 'BRICS' has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of 'Rise of the BRICS' on global/other powerful economy/ economies? [Punjab & Sindh Bank 2011]
(A) Countries like China wish to learn more about outsourcing from India.
(B) It has made countries to suffer from Sub-prime Crisis.
(C) EURO has become a powerful currency and many non-Euro countries are in 'Swap Agreement' with various nations.
Correct : D. None of these
54. Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions? [Punjab & Sindh Bank 2011] (A) Providing subsidy to agriculture. (B) Export of patented drugs/medicines by developed nations. (C) Restriction on natural movement of people from one nation to other.
Correct : A. Only A
55. Which of the following names/terms is NOT associated with the World Trade Organization (WTO)? [Punjab & Sindh Bank 2011]
Correct : D. SEWA
56. The International Development Association, a lending agency, is administered by the [IAS 2010]
Correct : A. International Bank for Reconstruction and Development
57. Consider the following countries:
1. Brazil
2. Mexico
3. South Africa
According to UNCTAD, which of the above is/are categorized as "Emerging Economies"? [IAS 2010]
Correct : D. 1, 2 and 3
58. Which one of the following is not related to United Nations? [IAS 2010]
Correct : D. Bank for International Settlements
59. With reference to BRIC countries, consider the following statements:
1. At present, China's GDP is more than the combined GDP of all the three other countries.
2. China's population is more than the combined population of any two other countries.
Which of the statements given above is/are correct? [IAS 2010]
Correct : A. 1 only
60. Which one among the following is not a clause of World Trade Organization? [CDS 2012]
Correct : C. Providing financial support to the countries having deficit balance of payments
61. Many a times, we read about Special Drawing Right (SDR) in newspapers. As per its definition. SDR is a monetary unit of the reserve assets of which of the following organizations/agencies? [SBI PO 2010]
Correct : B. International Monetary Fund (IMF)
62. Regarding the International Monetary Fund, which one of the following statements is correct? [CSAT 2011]
Correct : C. It grants loans to only member countries
63. The G-8countries include:
1. France
2. Germany
3. Canada
4. Italy
5. Netherlands
6. U.K.
7. U.S.
8. Russia
9. Japan
Correct : C. 1,2,3,4,6,7,8,9
64. Human Development Index comprises literacy rates, life expectancey at birth and: [IAS 1997]
Correct : B. gross domestic product per head at real purchasing power
65. Which one of the following is not a member of Organization of the Petroleum Exporting Countries (OPEC)? [Asstt Comm 2008]
Correct : B. Brazil
66. The earlier name of the WTO was:
Correct : D. GATT
67. The World Bank and IMF gives respectively:
Correct : A. long term and short term credits
68. Which of these are nicknamed 'Bretton Woods Twins' ? 1. IDA 2. IMF 3. IBRD 4. WTO
Correct : D. 2 and 3
69. Which country is the largest debtor of UNO?
Correct : D. U.S.
70. Which of the following pairs are correctly matched?
1. Dow Jones: New York
2. Hang Seng: Seoul
3. FTSE-100:London
Select the correct answer using the codes given below: [IAS 1998]
Correct : D. 1 and 3
71. Low productivity of agriculture in India is not caused by:
Correct : C. less area under cultivation
72. The per capita foodgrains consumption:
Correct : D. has risen very slowly
73. Highest milk producer in India is :
Correct : A. U.P.
74. GDR means:
Correct : B. 'global depository receipt' which is the mechanism to raise funds from international market
75. The Green Revolution has led to :
1. spurt in all foodgrains production
2. increase in regional inequalities
3. reduction in inter-personal inequalities within a region
4. good production in wheat
Correct : D. 2 and 4
76. The success of the Green Revolution does not require:
Correct : D. large scale mechanization
77. NAFED is concerned with:
1. promotion of inter-state and export trade of farm produce
2. import of foodgrains for buffer stocking and public distribution
3. marketing of eggs and poultry' at national level
4. movement of consumer goods from surplus areas to scarcity areas
Correct : D. 1, 3 and 4
78. The 'Year of Great Divide' refers to:
Correct : A. rapid growth rate in population after 1921
79. The increase in agricultural production is due to:
1. increase in area under crops
2. improvement in yield
3. improvement in cropping pattern
4. effective implementation of land reforms
Correct : C. 1, 2 and 3
80. In India the co-operative movement was initiated in the sector of :
Correct : C. agricultural credit
81. The ideal average NPK ratio aggregated for the country as a whole is :
Correct : A. 4 : 2 : 1
82. Which neighbouring country has objections on Indian Baglihar Hydro-electric Project?
Correct : D. Pakistan
83. Oil Pool Deficit is a deficit:
1. in the balance of payments
2. that the government owes to the world bank
3. in the oil pool account
4. that the government owes to the oil companies
Choose your answer from:
Correct : C. 3 and 4
84. Who among the following have been the Union Finance Ministers of India?
1. V. P. Singh
2. R. Venkataraman
3. Y. B. Chavan
4. Pranab Mukherjee
Select the correct answer using the code given below: [IAS 2007]
Correct : D. 1, 2, 3 and 4
85. Which one of the following is the correct sequence in the decreasing order of production (in million tonnes) of the given foodgrains in India? [IAS 2007]
Correct : D. Rice - Wheat - Coarse cereals Pulses
86. Consider the following statements:
1. Appellate Tribunal for Electricity has been established by each State Government in India.
2. One of the components of the Accelerated Power Development and Reforms Programme (APDRP) is upgradation of sub-transmission and distribution system for electricity in India.
Which of the statements given above is/are correct? [IAS 2006]
Correct : B. 2 only
87. In which one of the following countries, the rate of Income Tax is highest? [Punjab & Sindh Bank 2011]
Correct : C. Japan
88. Which of the following is NOT a programme / agency of the Union Ministry of Finance? [Punjab & Sindh Bank 2011]
Correct : A. Investor Education and Protection Fund (IEPF)
89. Labour legislations in India have an important dimension of protection of women from exploitation. Some special provisions are made for women in the work place. Which of the following is NOT one such special provision? [Punjab & Sindh Bank 2011]
Correct : A. Equal pay for work of equal value
90. Many a times we read about the priority sector in newspapers. Which of the following is/are considered segment(s) of Priority Sector in India? [Punjab & Sindh Bank 2011]
(A) Agriculture
(B) Small Scale Industry
(C) Textile Industry
Correct : D. All A, B & C
91. Ever greening of patents is done by [CDS 2011]
Correct : C. applying for extension of patent term
92. In which one of the following activities percentage share of cooperative sector is the highest? [Corporation Bank PO 2011]
Correct : B. Sugar production
93. In India, which of the following is regulated by the Forward Markets Commission? [IAS 2010]
Correct : B. Commodities Futures Trading
94. Which of the following is/are commodity/ies on which subsidy is given to farmers/poor in
India? [SBI Ass PO 2011] (A) Fertilizer (B) Kerosene (C) LPG
Correct : D. Only A & B
95. A person returning from abroad can retain foreign currency up to what period? [Haryana Gr Bank PO 2011]
Correct : C. 90 days
96. Which one of the following is different from the others from the point of view of ownership? [UP PCS 2011]
Correct : A. LIC Policy
97. The main source of fund for the National Highway Authority of India is [UP PCS 2011]
Correct : A. Cess
98. More than one-third of the crude steel production of the world comes from [UP PCS 2011]
Correct : A. China
99. Which of the following is wrongly matched?
Correct : D. Central Duck Breeding Farm – Chikmagalur
100. Why is agricultural productivity in India low both on the basis of per worker and per hectare of land?
1. pressure of population on land
2. large landholdings in few hands
3. high capital base
4. dominance of subsistence farming