1.Consider the following statements:

  1. 100% FDI is allowed in Greenfield projects in Pharmaceuticals industry in India.
  2. 100% FDI is allowed in Brown field projects in Pharmaceuticals industry in India

Which of the given above is/ are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

 

 

2.In the United Nation’s Human Poverty Index which of the following is not a   component?

  1. Long term unemployment for developing countries
  2. Relative poverty for developed countries
  3. Adult literacy rate for developing countries
  4. All of the above

 

3.A country is classified by United Nations as a Least Developed Country on which of the following parameters?

  1. Low income levels of population
  2. Human resource weakness
  3. Political instability
  4. Economic vulnerability
  5. Inequality in ownership of resources

Select the correct answer using the codes given below.

  1. 2 and 4 only
  2. 1,2 and 5 only
  3. 1,2,3 and 4 only
  4. 1,2,3,4 and 5

 

4.Receipts in budget can be capital or revenue. Which of these is/are capital receipts?
1. Loan recoveries
2. Provident funds deposits
3. Grants
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

 

5.With reference to contribution from taxes, consider the following statements:
1. Contribution from direct taxes is more than that from indirect taxes.
2. Corporation tax is the largest contributor.
Which of the statements given above is/are correct ?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

6. Gross capital formation will increase if:
1. gross domestic savings increases
2. gross domestic consumption increases
3. GDP increases
Select the correct answer using the codes given below.

a) 1 only
b) 1 and 2 only
c) 1 and 3 only
d) None

7. Consider the following data:
1. Revenue deficit (RD) = 3% of GDP |
2. Grants for capital formation = 1.8% of GDP
3. Primary deficit (PD) = 1.2%
4. Non-plan expenditure = 1.5%
In the above scenario, effective revenue deficit (ERD) will be:
a) 1.2%
b) 1.5%
c) 1.8%
d) cannot be calculated

8.If indirect taxes in an economy are increased, then which of the following can occur ?
1. GDP at factor cost increases
2. GDP at factor cost decreases
3. GDP at market price increases
4. GDP at market price decreases
Select the correct answer using the codes given below.
a) 1 only
b) 2 and 3 only
c) 3 only
d) 4 only

9.Who among the following resigned from the membership of the Viceroy’s Executive Council as a protest against Jallianwala Bagh Massacre ?
[A]C. P. Ramaswami Iyer
[B]Muhammad Ali Jinnah
[C]B. N. Sarma
[D]Shankaran Nair
10.In which of the following languages was the Ghadar Journal was first published ?
[A]Urdu
[B]English
[C]Pushtu
[D]Punjabi

 

21 c
22 a
23 a
24 a
25 c
26 d
27 d
28 C
29 D
30 A

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