A
Manufacturing
B
Agriculture
C
Services
D
Marine
tertiary sector. Tertiary sector mainly deals with services. Hence, tertiary sector is also known as service sector of the economy. Service sector is the largest contributor to GDP in India.
Correct Answered :
Wrong Answered :
A
Rightward shift in the demand curve
B
Upward movement along the same demand curve
C
Leftward shift in the demand curve
D
Downward movement along the same demand curve
A
minimum, minimum
B
minimum, maximum
C
maximum, maximum
D
maximum, minimum
A
developmental expenditure
B
revenue expenditure
C
non-developmental expenditure
D
capital expenditure
A
Trade and capital flows reforms
B
Industrial deregulation
C
Financial sector reforms
D
Public sector reforms
A
Prime Minister`s Rozgar Yojana
B
Swarana jayanti Gram Swarozgar Yojana
C
National Rural Employment Programme
D
SwaranaJayanti Shahari Rozgar Yojana
A
Golden age
B
Natural rate of growth
C
Warranted rate of growth
D
Dynamic rate of growth
A
0.25
B
0.125
C
0.2
D
0.16
A
fully employed, productive inefficiency
B
fully employed, productive efficiency
C
partially employed, productive efficiency
D
partially employed, productive inefficiency
A
Fourth five-year plan
B
First five-year plan
C
Second five-year plan
D
Sixth five-year plan
A
Diminishing returns to a factor
B
Constant returns to a factor
C
Increasing returns to a factor
D
Negative returns to a factor
A
Marginal utility is equal to the price
B
Marginal utility is lower than or equal to the price
C
Marginal utility is greater than the price
D
Marginal utility is lower than the price
A
Monopolistic competition
B
Differentiated oligopoly
C
Perfect competition
D
Pure oligopoly
A
Deadweight loss
B
Producer surplus
C
Consumer surplus
D
Total surplus
A
Rs. 35,000 crores
B
Rs. 38,000 crores
C
Rs. 44,000 crores
D
Rs. 40,000 crores
A
Rs. 1,000 crores
B
Rs. 1,500 crores
C
Rs. 1,50,000 crores
D
Rs. 1,00,000 crores
A
Savarkar committee
B
Rangarajan committee
C
Tendulkar committee
D
Ambedkar committee
A
Expenditure on irrigation projects
B
Expenditure on civil administration
C
Expenditure on defence
D
Interest on public debt
A
Harrod and Domar model
B
Lewis model
C
Solow model
D
Endogenous growth model
A
Fiscal correction
B
Improving the balance of payments position
C
Control of inflation
D
Disinvestment
A
Both cross elasticity and income elasticity
B
Neither cross elasticity nor income elasticity
C
Both elasticity of demand as well as elasticity of supply
D
Neither elasticity of demand nor elasticity of supply
A
Fuller employment of the given resources
B
Partial employment of the given resources
C
Increase in resources
D
Decrease in resources
A
Institutions involving people’s participation in planning
B
Technological measures
C
Food security system
D
Cooperation and consolidation of holdings
A
Intercept on the Y-axis will shift downwards
B
Intercept on the X-axis will shift to the left
C
Intercept on the X-axis will shift to the right
D
Intercept on the X-axis will remain unchanged
A
equal to
B
greater than
C
lower than
D
lower than or equal to
A
Qm = 102 – 2P
B
Qm = 100 – 4P
C
Qm = 102 – 4P
D
Qm = 100 – 2P
A
very high levels of unemployment
B
the presence of the mixed economy
C
the presence of the capitalist economy
D
the presence of the socialist economy
A
Expenditure on flood control measures
B
Expenditure on Transport
C
Expenditure on communication
D
Expenditure on Judiciary
A
closing stock is zero
B
closing stock is less than opening stock
C
opening stock is less than closing stock
D
opening stock is zero
A
Fall in bank rate
B
RBI reduces the cash reserve ratio
C
Purchase of securities in the open market
D
Rise in repo rate
A
Rs. 136
B
Rs. 64
C
Rs. 36
D
Rs. 100
A
This method is very crucial in small countries with weak capital markets
B
It is likely to face more resistance from the public sector undertakings (PSU) employees
C
It can be employed usefully in those cases where the government wants to lose control of the enterprise
D
It ensures wide participation of retail investors and thus helps in a broad based control of the public sector entity
A
Poverty gap ratio
B
Multidimensional poverty index
C
Intensity of poverty
D
Headcount ratio
A
Technological Measures
B
Rural Employment Programmes
C
Food Security System
D
Pradhan Mantri Fasal Bima Yojana
A
golden rate of growth
B
dynamic rate of growth
C
natural rate of growth
D
warranted rate of growth
A
It deals with payment for currently produced goods and services
B
It includes interest earned or paid on claims and also gifts and donations
C
It has a direct effect on the level of income in a country
D
It influences the volume of assets which a country holds.
A
Rs. 50 crore
B
Rs. 51 crore
C
Rs. 75 crore
D
Rs. 100 crore
A
Rightward shift in the demand curve of good A
B
Downward movement along the demand curve of good A
C
Leftward shift in the demand curve of good A
D
Upward movement along the demand curve of good A
A
is higher than the
B
is equal to the
C
is lower than or equal to the
D
is lower than the
A
Current weekly status unemployment
B
Usual status unemployment
C
Current monthly status unemployment
D
Current daily status unemployment
A
Saving will rise and investment will fall
B
Saving will fall and investment will rise
C
Both saving and investment will rise
D
Both saving and investment will fall
A
Its demand curve will slope upward due to indirect price – demand relationship
B
Its demand curve will slope downward due to direct price – demand relationship.
C
Its demand curve will slope upward due to direct price – demand relationship
D
Its demand curve will slope downward due to indirect price – demand relationship.
A
Macroeconomic stabilisation
B
Structural reforms
C
Fiscal imbalance
D
Inflationary pressures
A
PM = VT
B
PT = MV
C
M = PVT
D
P = MVT
A
Marginal product
B
Marginal rate of transformation
C
Marginal rate of substitution
D
Marginal utility
A
Increase in productive capacity
B
Decrease in productive capacity
C
Partial employment of the given resources
D
Fuller employment of the given resources
A
Personal income (1 – personal taxes)
B
Personal taxes – Personal income
C
Personal income + Personal taxes
D
Personal income – Personal taxes
A
Due to relative efficiency of the industries producing consumer goods
B
Due to relative inefficiency of the industries producing capital goods
C
Due to relative efficiency of the industries producing capital goods
D
Due to relative inefficiency of the industries producing consumer goods
A
Industrial market
B
Money market
C
Capital market
D
Agricultural market
A
Indifference curve
B
Law of supply
C
Production possibility curve
D
Law of demand
A
Land reforms
B
Technological measures
C
Institutional credit
D
Support prices
A
This law applies to various fields, like production, consumption, distribution, etc
B
It operates in the long run
C
State of technology is assumed to be given and unchanged
D
Effect of change in output due to change in variable factor cannot be easily determined
A
Technological measures
B
Input subsidies to agriculture
C
Abolition of intermediaries
D
Rural employment programmes
A
Money lenders
B
Non-indigenous bankers
C
Unregulated non-bank financial intermediaries
D
Indigenous bankers
A
Total revenue will decrease
B
Total revenue will reduce to zero
C
Total revenue will remain unchanged
D
Total revenue will increase
A
Drugs and Pharmaceuticals
B
Entertainment Electronics
C
Defence Equipment
D
Electronic Aerospace
A
Integrated Rural Development Programme
B
Jawahar Rozgar Yojana
C
Employment Assurance Scheme
D
Rural Landless Employment Guarantee Programme
A
∆Y = σ
B
∆Y = σ/I
C
∆Y = I/σ
D
∆Y = Iσ
A
Allocation of resources
B
Efficiency in distribution of goods
C
Efficiency in production
D
Allocative efficiency
A
Quantity theory of money
B
Velocity theory of money
C
Transaction theory of money
D
Price theory of money
A
Ad valorem taxes
B
Direct taxes
C
Specific taxes
D
Indirect taxes
A
Marginal product of the variable factor is positive
B
Fixed factor is too much relative to the variable factor
C
Variable factor is independent of the fixed factor
D
Variable factor is too much relative to the fixed factor
A
increase in quantity demanded
B
decrease in quantity demanded
C
increase in demand
D
decrease in demand
A
Increase in price level
B
Decrease in price level
C
Increase in output
D
Decrease in output
A
Complex division of capital
B
Complex division of labour
C
Simple division of labour
D
Simple division of capital
A
Consultancy services of TCS used by a foreign firm
B
Import of LCD screen from Malaysia
C
Banking service to non-resident of India
D
Export of computer software
A
Unattainable combinations of goods
B
Attainable combinations of goods
C
Scarcity
D
Opportunity cost
A
Principle of dynamic growth
B
Principle of capital investment
C
Principle of investment growth
D
Principle of acceleration
A
Industrial deregulation
B
Macroeconomic stabilisation
C
Structural reforms
D
Fragile balance of payments situation
A
Total revenue will decrease
B
Total revenue will increase or decrease alternately
C
Total revenue will remain unchanged
D
Total revenue will increase
A
Land reforms
B
Technological measures
C
Institutional credit
D
Cooperation and consolidation of holdings
A
Public sector reforms
B
Balance of payments adjustment
C
Capital flows Reforms
D
Trade Reforms
A
Reduction in the margin requirement
B
Reduction in the bank rate
C
Rise in the repo rate
D
Purchase of securities in the open market
A
Capital flows reforms
B
Industrial deregulation
C
Control of inflation
D
Public sector reforms
A
capital, capital
B
capital, current
C
current, capital
D
current, current
A
Production – Indifference curves
B
Preference – Production curves
C
Production – Cost curves
D
Preference – Indifference curves
A
MV = PT
B
MV = PY
C
MP = VT
D
MP = VY
A
samuelson theory of multiplier
B
keynesian theory of multiplier
C
solow theory of multiplier
D
lewis theory of multiplier
A
Current weekly status unemployment
B
Current monthly status unemployment
C
Current daily status unemployment
D
Usual weekly status unemployment
A
Sales of securities in the open market
B
Rise in the cash reserve ratio
C
Increase in the repo rate
D
Reduction in the bank rate
A
greater than one
B
equal to one
C
less than one
D
equal to zero
A
marginal utility of demand
B
marginal utility of money
C
average utility of demand
D
average utility of money
A
Vakil – Brahmananda Model
B
Mahalanobis Model
C
Supply – Side Model
D
Solow Model
A
High-Yielding Varieties Programme
B
National Seeds Policy
C
Intensive Area Development Programme
D
Intensive Agricultural Areas Programme
A
Higher Capital Accumulation
B
Decrease in Aggregate Demand
C
Increase in Aggregate Demand
D
Technological Degradation
A
Rs. 450
B
Rs. 37.5
C
Rs. 150
D
Rs. 30
A
MP remains constant
B
MP falls, but remains positive
C
MP rises
D
MP falls, but remains negative
A
equilibrium price
B
excess demand
C
excess supply
D
equilibrium quantity
A
backward and qualitatively traditional
B
technologically advanced
C
developed and economical
D
quantitatively advanced
A
prime costs
B
direct costs
C
overhead costs
D
sunk costs
In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be recurring, such as interest or rents being paid per month.
Correct Answered :
Wrong Answered :
A
Gγ = σ/S
B
Gγ = S.σ
C
Gγ = S/σ
D
Gγ = 1/S.σ
A
plan expenditure
B
non-plan expenditure
C
transfer payments
D
non-developmental expenditure
A
marginal product of the variable factor is positive during this stage
B
fixed factor is too much relative to the variable factor
C
marginal product of the variable factor is negative during this stage
D
marginal product of the fixed factor is negative
A
Total expenditure will reduce to zero
B
Total expenditure will increase
C
Total expenditure will decrease
D
Total expenditure will remain unchanged
A
Public units are subject to market discipline
B
Public units are subject to market discipline
C
Fixing responsibility is difficult
D
mprovement in efficiency and performance
A
Moneylenders
B
Indigenous Bankers
C
Discount and Finance House of India Limited
D
Unregulated Non-Bank Financial Intermediaries
A
Rs. 100 crore
B
Rs. 50 crore
C
Rs. 101 crore
D
No limit
The firms with assets of Rs. 25 Crore or more were put under the obligation of taking permission from the government of India and they were called MRTP companies. This upper limit of Rs. 25 Crore was known as MRTP limit. It was later relaxed to Rs. 50 crore in 1980, Rs. 100 Crore in 1985 and in 1991 this limit was removed. Now only companies having more than 25% market share were called Monopolies.
Correct Answered :
Wrong Answered :
A
Demand Deposits
B
Demand Deposits
C
Time Deposits
D
Savings Bank Deposits
A
Law of diminishing marginal utility
B
Law of variable proportions
C
Law of equi-marginal utility
D
Law of demand
A
large, above
B
small, below
C
large, below
D
small, above
A
Gn = Gw
B
Gn = l + t
C
Gy = (S/V)
D
Gn = Gw = Gy
A
fixed costs
B
prime costs
C
overhead costs
D
sunk costs
Variable costs are costs that change as the quantity of the good or service that a business produces changes. Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs. Fixed costs and variable costs make up the two components of total cost. Direct costs are costs that can easily be associated with a particular cost object.However, not all variable costs are direct costs. For example, variable manufacturing overhead costs are variable costs that are indirect costs, not direct costs. Variable costs are sometimes called unit-level costs as they vary with the number of units produced. Direct labor and overhead are often called conversion cost, while direct material and direct labor are often referred to as prime cost.
Correct Answered :
Wrong Answered :
A
The programmes have done little for disabled, sick and socially handicapped individuals
B
ncome and employment-oriented poverty alleviation programmes ensured that the poor can really manage to get adequate food all the year round
C
The income generation orientation of poverty alleviation programmes recognised the importance of increased flow of social inputs
D
The government has made necessary changes in anti-poor laws and policies
A
Foreign trade policy (2004-09)
B
New industrial policy (1991)
C
Exim policy (2001)
D
New economic policy (1991)
A
Management-employee buyouts
B
Sale to foreigners
C
Equal-access voucher programmes
D
Strategic sale
A
Remittance from abroad
B
Foreign direct investment
C
Transportation charges
D
Interest on investments
A
flatter, flatter
B
steeper, flatter
C
flatter, steeper
D
steeper, steeper
A
Issue by offer for sale
B
Offering rights issue
C
Issue by prospectus
D
Issue by private placement
A
Rs. 48,000 crores
B
Rs. 3,000 crores
C
Rs. 600 crores
D
Rs. 2,500 crores
A
Price level will remain same
B
Price level will be halved
C
Price level will rise by a factor of 4
D
Price level will also get doubled
According to the quantity theory of money, if the amount of money in an economy doubles, all else equal, price levels will also double. This means that the consumer will pay twice as much for the same amount of goods and services.
Correct Answered :
Wrong Answered :
A
40 units
B
55 units
C
50 units
D
60 units
A
Leftward shift in the demand curve
B
Rightward shift in the demand curve
C
Downward movement along the same demand curve
D
Upward movement along the same demand curve
A
money supply
B
aggregate supply
C
money demand
D
aggregate demand
A
Lack of efficiency in resource allocative
B
Efficient allocation of resources
C
Economic stability
D
Maximum social satisfaction
A
Law of demand
B
Law of diminishing marginal utility
C
Law of equi-marginal utility
D
Law of supply
A
greater, long run
B
lower, short run
C
greater, short run
D
lower, long run
A
Fixed Capital
B
Working Capital
C
Capital Productivity
D
Infrastructure
Fixed Capital
Correct Answered :
Wrong Answered :
A
i is true and ii is false
B
i is false ii is true
C
i is true and ii is true
D
i is false and ii is false
i is true and ii is false
Correct Answered :
Wrong Answered :
A
Ratio of Medical Doctors per 100 people in an area
B
The Birth and Life Expectancy
C
The Students graduating from Pre Primary School
D
The Infant mortality rate due to Pneumonia and Diarrhea
The Human Development Index (HDI) measures each country`s social and economic development by focusing on the following four factors: mean years of schooling, expected years of schooling, life expectancy at birth, and gross national income (GNI) per capita.
Correct Answered :
Wrong Answered :
A
Vaghul Committee
B
A Ghosh Committee
C
Narasimham Committee
D
Raghuram Rajan Committee
Financial Inclusion, broadly defined, refers to universal access to a wide range of financial services at a reasonable cost. These include not only banking products but also other financial services such as insurance and equity products (The Committee on Financial Sector Reforms, Chairman: Dr. Raghuram G. Rajan).
Correct Answered :
Wrong Answered :
A
Interest Rate
B
Repo Rate
C
Bank Rate
D
System Repo
Bank Rate is that rate of interest at which central bank of a country provides refinancing facilities to commercial banks. The bank rate a benchmark rate at which RBI buys or re-discounts bills of exchange or other commercial papers eligible for purchase.
Correct Answered :
Wrong Answered :
A
Imported Goods
B
Exported Goods
C
Local Goods
D
Rare Goods
Countervailing Duties (CVDs) are tariffs levied on imported goods to offset subsidies made to producers of these goods in the exporting country. CVDs are meant to level the playing field between domestic producers of a product and foreign producers of the same product who can afford to sell it at a lower price because of the subsidy they receive from their government.
Correct Answered :
Wrong Answered :
A
25%
B
50%
C
75%
D
100%
A
2%
B
4%
C
4.50%
D
5%
Cash Reserve Ratio was set as 4.5 % in Nov 2022 See the table below for more data.
| LAST | PREVIOUS | MIN | MAX | UNIT | FREQUENCY | RANGE |
|---|---|---|---|---|---|---|
| 4.5Nov 2022 | 4.5Oct 2022 | 3.0Mar 2021 | 15.0Oct 1995 | % | monthly | Sep 1962 - Nov 2022 |
Correct Answered :
Wrong Answered :
A
100
B
60
C
40
D
20
RBI held 100% shareholding in NHB, which was divested on March 19, 2019.
Correct Answered :
Wrong Answered :
A
World Bank
B
Organisation for Economic Co-operation and Development
C
International Monetary Fund
D
World Trade Organisation
The reserve tranche is a segment of an
Correct Answered :
Wrong Answered :
A
HDFC Bank
B
Bank of Baroda
C
ICICI Bank
D
Axis Bank
Correct Answered :
Wrong Answered :
A
1951
B
1956
C
1961
D
1966
Correct Answered :
Wrong Answered :
A
Radha Singh
B
Sanjiv Puri
C
N K Singh
D
Paban K. Borthaku
The Members of the HLEG include Shri Sanjiv Puri, Chairman and Managing Director, ITC Chairman; Ms.
Correct Answered :
Wrong Answered :
A
30.5 %
B
5.2 %
C
63.9 %
D
72.3 %
59.2 %
Correct Answered :
Wrong Answered :
A
Exponential
B
Logarithmic
C
Logistic
D
Normal
Logistic
Correct Answered :
Wrong Answered :
A
Maharashtra
B
Uttar Pradesh
C
Punjab
D
Madhya Pradesh
Correct Answered :
Wrong Answered :
A
Purchasing Manager`s Index
B
Public Money Index
C
Purchasing Market Interest
D
Personal Market Investment
Correct Answered :
Wrong Answered :
A
Cooperative Banks
B
ICICI Ltd
C
Land Developments Banks
D
Nidhi Companies
Correct Answered :
Wrong Answered :
A
Rs. 10 Lakhs
B
Rs. 15 Lakhs
C
Rs. 25 Lakhs
D
It has no upper limit
Correct Answered :
Wrong Answered :
A
Arvind Panagariya
B
Amartya Sen
C
P chidambaram
D
Manmohan Singh
Arvind Panagariya
Correct Answered :
Wrong Answered :
A
Reserve Bank of India
B
HDFC
C
State Bank of India
D
ICICI
State Bank of India
Correct Answered :
Wrong Answered :
A
Government of India
B
Asian Development Bank
C
World Bank
D
Reserve Bank of India
Correct Answered :
Wrong Answered :
A
Excess of the total expenditure over the total receipts minus interest payments and borrowings
B
Excess of the total expenditure over the total receipts minus borrowings
C
Excess of the revenue expenditure over the revenue receipts
D
Excess of the total expenditure over total receipts
The correct definition of a budget deficit is:**Excess of the total expenditure over the total receipts minus borrowings**This definition highlights that a budget deficit occurs when a government`s total expenditures exceed its total revenues (excluding borrowings) during a specific period, typically a fiscal year.
Correct Answered :
Wrong Answered :
Balance of trade is
A
Difference between export and import of goods
B
Sum total of export and import of goods
C
Difference between export and import of services
D
Sum total of export and import of services
Correct Answered :
Wrong Answered :
A
Cess
B
Rate
C
Fee
D
Surcharge
The temporary tax levied to obtain additional revenue is called a **surcharge**. Surcharges are additional taxes imposed temporarily on top of regular taxes to raise extra revenue for specific purposes or to address short-term financial needs of the government.
Correct Answered :
Wrong Answered :
A
Purchase of furniture debited to purchases account
B
Repairs on the overhauling of second had machinery purchased debited to repairs account
C
Cash received from Meena posted to Sharin
D
Sale of old car credited to sales account
The error **Cash received from Meena posted to Sharin** is not an error of principle. This is a clerical or posting error where the wrong account was credited.Errors of principle involve incorrect classification of expenditure or income, such as:- **Purchase of furniture debited to purchases account**- **Repairs on the overhauling of second-hand machinery purchased debited to repairs account**- **Sale of old car credited to sales account**
Correct Answered :
Wrong Answered :
A
Preferred Stock
B
Debt Liabilities
C
Common Liabilities
D
Hybid Stock
In the situation of bankruptcy, a stock which is recorded above common stock and below debt is **preferred stock**. Preferred stockholders have a higher claim on assets and earnings than common stockholders, but they are subordinate to debt holders.
Correct Answered :
Wrong Answered :
A
Rs. 10.10 Lakh Crore
B
Rs. 11.11 lakh crore
C
Rs. 12.12 lakh crore
D
Rs. 13.45 lakh crore
In the Union Budget 2024-25, the Indian government announced a capital expenditure (capex) outlay of ₹11.11 lakh crore. This represents an 11.1% increase from the previous year`s budget estimate of ₹10 lakh crore
Correct Answered :
Wrong Answered :
A
Increase in profit and decrease in the cost of goods sold
B
Decrease in profit and increase in the cost of goods sold
C
Increase in profit and decrease in the value of closing stock
D
Decrease in profit and decrease in the value of closing stock
n periods of inflation, changing the method of inventory valuation from Last In, First Out (LIFO) to First In, First Out (FIFO) will typically cause:
Increase in profit and decrease in cost of goods sold.
Correct Answered :
Wrong Answered :
A
5th March 2011
B
3rd March 2011
C
29th February 2011
D
4th March 2011
To calculate the due date of a bill of exchange drawn on January 30, 2011, for one month, we follow these steps:1. **Calculate one month from January 30, 2011.** - One month from January 30 is February 28, 2011, because February only has 28 days in 2011 (not a leap year).2. **Add the grace period.** - In many financial transactions, a grace period of 3 days is typically added to the due date.So, adding the 3-day grace period to February 28, 2011, we get:February 28 + 3 days = March 3, 2011.Therefore, the due date of the bill of exchange drawn on January 30, 2011, for one month is **March 3, 2011**.
Correct Answered :
Wrong Answered :