1. Which among the following is not correct with regard to Sampoorna Grameen Rozgar Yojana?
1. The case component of the programme is borne exclusively by the Central Government.
2. Foodgrains are provided free of cost to the States/Union Territories. Select the answer using the codes given below [NDA 2008]
Correct : B. 2 only
2. Consider the following statements: [NDA 2008] 1. Hariyali is a watershed development project sponsored by the Central Government. 2. Hariyali also aims at enabling the urban population to conserve rain water.
Correct : A. 1 only
3. The Food For Work programme was renamed as:
Correct : B. National Rural Employment Programme (NREP)
4. Pradhan Mantri Gramodaya Yojana aims at:
Correct : A. meeting rural needs like Primary education; health care, drinking water, housing, rural roads
5. Which one of the following statements is not correct? [IAS 2004]
Correct : A. Under the Targeted Public Distribution System, the families Below Poverty Line are provided 50 kg. of food grains per month per family at subsidised price
6. Consider the following statements: [IAS 2004]
1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India.
2. The Kisan Credit Card holders are provided personal accident insurance of Rs.50000 for accidental death and Rs. 25000 for permanent disability.
Which of the statement given above is/are correct?
Correct : B. 2 only
7. DWCRA stands for:
Correct : B. Development of Women and Children in Rural Areas
8. Which one of the following is a revamp of the Integrated Rural Development Programme?
Correct : C. Swarnajayanti Gram Swarozgar Yojana
9. What is the main objective of Antyodaya programme?
Correct : A. Uplift the poor
10. Which of the following schemes launched by the Govt. of India aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work? [RBI Grade B Officer 2011]
Correct : D. MNREGA
11. Swarn Jayanti Gram Swa-Rozgar Yojna came into being in : [UPPCS 2002]
Correct : C. April 1999
12. The Minimum Needs Programme aims to:
Correct : B. improve the living condition of the poor and also promote their education and health
13. The Rural Landless Employment Guarantee Programme (RLEGP) is an extension of:
Correct : B. National Rural Employment Programme (NREP)
14. With reference to the Government of India's various programmes, what is Nirmal
Gram Puraskar? [IAS 2006]
Correct : D. It is an incentive scheme Panchayati Raj institutions.
15. The strategic aim of IRDP is :
Correct : C. to provide more opportunities for rural employment and credit facilities at concessional rate of interest
16. Operation Blackboard aims at
Correct : A. promoting adult literacy
17. In India, present trend of rapid urbanisation is due to:
Correct : A. lack of employment opportunities in rural areas
18. With reference to the government's welfare schemes, consider the following statements:
1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs. 2 per kg for wheat and Rs.3 per kg for rice.
2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs. 75 per month as Central Pension, in addition to the amount provided by most State Government
3. Government of India has allocated 25 kg food grains per below Poverty Line family per month, at less than half the economic cost.
Which of these statements are correct? [IAS 2003]
Correct : D. 1, 2 and 3
19. Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 :
1. Under the provisions of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right.
2. Under the provisions of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work.
Which of the statements given above is/are correct? [IAS 2006]
Correct : B. 2 only
20. What is the minimum calorie intake decided by the Planning Commission for rural and
urban areas, respectively ?
Correct : A. 2400 and 2100
21. Which of these programs has not been included in the Swarna Jayanti Swarozgar
Yojana?
Correct : D. JR
22. For which one of the following purposes, the Government has launched the Rajiv Awas
Yojana? [Punjab & Sindh Bank 2011]
Correct : D. To provide affordable houses to slum dwellers and the urban poor
23. Which of the following is NOT an economic empowerment scheme launched by the Govt. of India for the benefit of various sections of society? [Punjab & Sindh Bank 2011]
Correct : C. KALPANA-1
24. The Govt. of India has launched a number of poverty alleviation programmes. This is done with the view that poverty is the root cause of social insecurity. In addition to that UNO has also launched Millennium Development Goals to be achieved by 2015.Which of the following is NOT one of those goals? [Punjab & Sindh Bank 2011]
Correct : C. Reduce marriageable age for males to 18 yr
25. Which of the following is the amount of Insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ? [Corporation Bank PO 2011]
Correct : C. Rs. 30,0007
26. The Govt. of India does not provide any direct financial assistance to which of the following schemes? [SBI Associates Clerk 2011]
Correct : D. Jeevan Sathi Yojana
27. Who amongst the following can take benefit of the Social Security Fund established by the Govt. of India for unorganized workers? [SBI Associates Clerk 2011]
Correct : D. Rickshaw Puller
28. As per latest data in urban areas women employment is highest in which of the following industries areas? [UBI PO 2010]
Correct : D. Retail Trade
29. When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called [CDS 2012]
Correct : B. structural unemployment
30. Under Indira Gandhi National Old Age Pension Scheme (lGNOAPS), the benefits are available to the people having minimum age of ____ [Bank of India PO 2010]
Correct : C. 65 years
31. Poverty in less developed countries is largely due to [CPO SI 2010]
Correct : B. income inequality
32. Which of the following are definite implications of a fall in inflation?
1. Prices have fallen
2. Prices are increasing more slowly than before
3. Food supply has increased
4. There is industrial stagnation
Correct : C. 2 only
33. Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports
Correct : C. 1, 2, 3 and 4
34. Among the remedies of inflation we cannot include:
Correct : B. lowering bank rate
35. A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:
Correct : B. hyper-inflation
36. Inflationary Gap is a situation characterized by:
Correct : A. excess of Aggregate Demand over Aggregate Supply at the full employment level
37. Which of the following is wrongly matched?
Correct : C. Stagflation: slow pace of economic activity due to falling prices
38. The cause of inflation is:
Correct : C. increase in money supply and fall in production
39. Who among the following is most benefitted from inflation? [IAS 1989]
Correct : D. Debtors
40. Which of the following groups suffer the most from inflation? [CPO SI 2003]
Correct : B. Creditors
41. Minimum inflation in post economic reform was in :
Correct : A. 1999-2000
42. Inflation is caused as a result of:
Correct : C. increase in money supply without a corresponding increase in production
43. Which of the following accounts for Cost-Push Inflation?
Correct : B. Increase in indirect taxation
44. The inflation experienced in the country at present is:
Correct : D. cost-push inflation
45. Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?
Correct : A. Containing budgetory deficits and unproductive expenditure
46. Of the various ways of financing government's investment expenditure, the least
inflationary is : [PCS 1994]
Correct : C. taxation
47. 'Devaluation' means: [RRB 1992]
Correct : B. lowering of the value of one currency in comparison of some foreign currency
48. Monetary policy is regulated by:
Correct : B. Central Bank
49. One-rupee currency notes bear the signature of:
Correct : D. Finance Secretary of India
50. Ten rupee notes bear the signature of:
Correct : D. Governor, Reserve Bank of India
51. When was the decimal system of currency introduced in India?
Correct : D. 1957
52. Which of the following prints currency notes of the denomination of Rs. 100?
Correct : A. The Bank Note Press, Dewas
53. The highest denomination of currency notes in circulation as legal tender in India is at present:
Correct : D. Rs.1000
54. The special paper required for printing of currency notes by the Security Presses In the country is manufactured at :
Correct : C. Hoshangabad
55. Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services?
Correct : B. The Mumbai Mint
56. To meet the growing needs for coins in the country, where does the Government
propose to set up another mint?
Correct : D. Noida
57. For international payments, the Indian currency is linked to :
Correct : A. American Dollar
58. How many languages are used on a ten rupee note?
Correct : D. 15
59. Convertibility of the rupee implies: [IAS 1994]
Correct : B. freely permitting the conversion of rupee to other major currencies and vice versa
60. Black money is :
Correct : D. income on which payment of tax is usually evaded
61. Broad money in India is :
Correct : C. M3
62. The Issue Department of the RBI maintains a _______ against printing of notes:
Correct : A. Minimum Reserve System
63. Devaluation of currency by a country is meant to lead to : 1. expansion of import trade 2. promotion of import substitution 3. expansion of export trade
Correct : B. 2 and 3
64. Which of the following is incorrect about convertibility?
Correct : D. The RBI will be a direct player now rather than being an indirect one
65. The States' debt does not include:
Correct : D. treasury bills issued to international financial institutions
66. Consider the following statement:
The price of any currency in international market is determined by the:
1. WTO
2. Demand for goods/services provided by the country concerned
3. Inflation differential between the country concerned and its major trading partners
4. Stability of the government of the concerned country Of these statements:
Correct : D. 2, 3 and 4 are correct
67. Hard Currency is defined as currency:
Correct : D. traded in foreign exchange market for which demand is persistently relative to the supply
68. The Indian Rupee is fully convertible:
1. In respect of Current Account of Balance of Payments
2. In respect of Capital Account of Balance of Payments
3. Into Gold
Which of these statements is/are correct ?
Correct : A. 1 only
69. Consider the following statements:
The price of any currency in international market is decided by the [IAS 1998]
1. World Bank
2. Demand for goods/services provided by the country concerned
3. stability of the government of the concerned country
4. economic potential of the country in question Of these statements:
Correct : B. 2 and 3 are correct
70. Inflation implies: [Railways 1994]
Correct : C. rise in general price index
71. The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]
Correct : C. stagflation
72. Which of the following factors contributes to an inflationary trend?
Correct : C. 15% increase in supply of money in the market
73. Which of the following can be used for checking inflation temporarily?
Correct : B. Decrease in money supply
74. Who among the following are not protected against inflation.? [Railways 1992]
Correct : D. Agricultural farmers
75. An essential attribute of inflation is:
Correct : B. increase in prices
76. The best means of saving during inflation is to keep:
Correct : A. money
77. The period of high inflation and low economic growth is termed as: [RRB 1992]
Correct : C. stagflation
78. Stagflation implies a case of: [CDS 1992]
Correct : B. recession plus inflation
79. Inflation can be contained by:
Correct : D. all the above
80. Deficit financing creates additional paper currency to fill the gap between expenditure
and revenue. This device aims at economic development but if it fails, it generates : [IFS 1990]
Correct : A. inflation
81. A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as : [CDS 1999]
Correct : A. demand-pull inflation
82. A high rate of inflation tends to worsen balance of payments because:
Correct : B. prices of exported goods rise making exports less competitive
83. The effect of inflation on tax revenue results in a situation known as :
Correct : B. fiscaldrag
84. The sum of which of the following constitutes Broad Money in India? [IAS 1997]
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
4. Other deposits with RBI
Choose the correct answer using the codes given below:
Correct : C. 1, 2, 3 and 4
85. Rising prices lead to all but one of the following:
Correct : D. adverse effect on speculation
86. Consider the following statements about Wholesale Price Index (WPI) :
1. It captures the price movement extensively and is, therefore, taken as an indicator of inflation.
2. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India.
Which of the statements given above is/are correct? [CDS 2009]
Correct : C. Both I and II
87. In the last one decade, which one among the following sectors has attracted the highest
Foreign Direct Investment inflows into India? [IAS 2004]
Correct : D. Telecommunication
88. Under the Constitution, the power to raise and disburse public funds:
Correct : B. has been divided between the Union and State Governments
89. There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials
Correct : A. 1, 2 and 3
90. Rupee was devalued by what percent in July 1991 ? [MP PCS 1990]
Correct : B. 20
91. When was decimal coinage introduced in India? [CDS 2005]
Correct : C. 1957
92. Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the
following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]
Correct : A. US $
93. Which of the following is/are treated as artificial currency? [IAS 2010]
Correct : C. SDR
94. Which of the following measures should be taken when an economy is going through inflationary pressures?
1. The direct taxes should be increased.
2. The interest rate should be reduced.
3. The public spending should be increased
Select the correct answer using the code given below: [CDS 2012] Code:
Correct : B. 2 only
95. The terms of economics, the recession occurring two times with a small gap in between
is known as [Bank of India PO 2010]
Correct : C. Deep Recession
96. M1 includes:
Correct : D. all of the above
97. M3 includes:
Correct : A. M1 + T.D
98. Consider the following statements: Full convertibility of the rupee may mean: [IAS 2002]
1. its free float with other international currencies.
2. its direct exchange with any other international currency at any prescribed place inside and outside the country.
3. it acts just like any other international currency.
Which of these statements are correct?
Correct : A. 1 and 2
99. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has
a drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]
Correct : C. Rs. 50
100. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "ecology" depicted on it? [SSC Graduate 2003]