4249.Which of the following is known as broad money?
M1
M2
M3
M4
Explanation:
M3 is known as broad money as more items are included in this measure when compared to M1 which is known as narrow money.
M3 is known as broad money as more items are included in this measure when compared to M1 which is known as narrow money.
4250.Which of the following about money supply measures adopted in 1998 is wrong?
M1= currency with public +demand deposits with banking system + other deposits with RBI
M2= M1 + savings deposits of post office savings bank
M3= M1+ time deposits with banking system
None of the above
Explanation:
M4= M3+ all deposits with post office savings banks excluding National Savings Certificate
M4= M3+ all deposits with post office savings banks excluding National Savings Certificate
20984.The financial year in India is
April 1 to March 31
January 1 to December 31
March 1 to April 30
March 16 to March 15
Explanation:
National income is calculated for a specific period of time. In India, it is calculated for April 1 to March 31.
National income is calculated for a specific period of time. In India, it is calculated for April 1 to March 31.
20985.Consider the following statements and identify the right ones.
i. National income is the monetary value of all final goods and services produced.
ii. Depreciation is deducted from gross value to get the net value
i. National income is the monetary value of all final goods and services produced.
ii. Depreciation is deducted from gross value to get the net value
i only
ii only
both
none
Explanation:
National Income is the monetary value of all final goods and services that are produced by the residents of the country
National Income is the monetary value of all final goods and services that are produced by the residents of the country
20986.Consider the following statements and identify the right ones.
i. While calculating GDP, income generated by foreigners in a country is taken into consideration
ii. While calculating GDP, income generated by nationals of a country outside the country is taken into account
i. While calculating GDP, income generated by foreigners in a country is taken into consideration
ii. While calculating GDP, income generated by nationals of a country outside the country is taken into account
i only
ii only
both
none
Explanation:
While calculating GDP, income generated by nationals of a country outside the country is not taken into account
While calculating GDP, income generated by nationals of a country outside the country is not taken into account
20987.The net value of GDP after deducting depreciation from GDP is
Net national product
Net domestic product
Gross national product
Disposable income
Explanation:
After deducting the depreciation charges of plant and machinery from GDP, we get net value of GDP which is called NDP.
After deducting the depreciation charges of plant and machinery from GDP, we get net value of GDP which is called NDP.
20988.Consider the following statements and identify the right ones.
i. While calculating GNP, income generated by foreigners in a country is taken into consideration
ii. While calculating GNP, income generated by nationals of a country outside the country is taken into account
i. While calculating GNP, income generated by foreigners in a country is taken into consideration
ii. While calculating GNP, income generated by nationals of a country outside the country is taken into account
i only
ii only
both
none
Explanation:
While calculating GNP, income generated by foreigners in a country is not taken into consideration.
While calculating GNP, income generated by foreigners in a country is not taken into consideration.
20989.When depreciation is deducted from GNP, the net value is
Net national product
Net domestic product
Gross national product
Disposable income
Explanation:
NNP is the net value of GNP after the depreciation of plant and machinery is deducted.
NNP is the net value of GNP after the depreciation of plant and machinery is deducted.
20990.The value of NNP at consumer point is
NNP at factor cost
NNP at market price
GNP at market price
GNP at factor cost
Explanation:
NNP at market price is calculated by deducting indirect taxes and subsidies from NNP at factor cost.
NNP at market price is calculated by deducting indirect taxes and subsidies from NNP at factor cost.
20991.The value of NNP at production point is called
NNP at factor cost
NNP at market price
GNP at market price
GNP at factor cost
Explanation:
NNP at factor cost is the value of the NNP when the value of goods and services are taken at the production point.
NNP at factor cost is the value of the NNP when the value of goods and services are taken at the production point.
20992.The value of national income adjusted for inflation is called
Per capita income
Disposable income
Inflation rate
Real national income
Explanation:
It is adjusted for inflation that is calculated from a reference point which is a base year.
It is adjusted for inflation that is calculated from a reference point which is a base year.
20993.The average income of the country is
Per capita income
Disposable income
Inflation rate
Real national income
Explanation:
Per capita income is calculated by dividing the total national income by the total population of the year.
Per capita income is calculated by dividing the total national income by the total population of the year.
20994.Consider the following statements and identify the right ones.
i. Personal income refers to the income of individuals of a country.
ii. The income at their disposal after paying direct taxes is called disposable income
i. Personal income refers to the income of individuals of a country.
ii. The income at their disposal after paying direct taxes is called disposable income
i only
ii only
both
none
Explanation:
The income of the individuals at their disposal after paying direct taxes like income tax is called disposable income.
The income of the individuals at their disposal after paying direct taxes like income tax is called disposable income.
20995.Which of the following is added to national income while calculating personal income?
Transfer payments to individuals
Social security contributions
Corporate taxes
Undistributed profits
Explanation:
Personal income refers to the income of the individuals of a country. While transfer payments are added, the other three are subtracted.
Personal income refers to the income of the individuals of a country. While transfer payments are added, the other three are subtracted.
20996.Consider the following statements and identify the right ones.
i. CSO is a premier statistical institution for collecting data in India
ii. It presents the national income estimates twice a year.
i. CSO is a premier statistical institution for collecting data in India
ii. It presents the national income estimates twice a year.
i only
ii only
both
none
Explanation:
Central Statistical Organization was established in 1950 and is vested with the responsibility of national income estimation. It presents the estimates once in a year.
Central Statistical Organization was established in 1950 and is vested with the responsibility of national income estimation. It presents the estimates once in a year.
20997.Consider the following statements and identify the right ones.
i. The data for NI and PCI are collected at current prices.
ii. They are deflated using the deflator index to get value at constant prices.
i. The data for NI and PCI are collected at current prices.
ii. They are deflated using the deflator index to get value at constant prices.
i only
ii only
both
none
Explanation:
This is done so because the national income can increase either due to increase in production of goods and services or in prices.
This is done so because the national income can increase either due to increase in production of goods and services or in prices.
20998.Consider the following statements and identify the right ones.
i. According to the Malthusian theory, supply of food grains increase in geometric progression
ii. The population grows in arithmetic progression.
i. According to the Malthusian theory, supply of food grains increase in geometric progression
ii. The population grows in arithmetic progression.
i only
ii only
both
none
Explanation:
According to the Malthusian theory, supply of food grains increase in arithmetic progression. The population grows in geometric progression.
According to the Malthusian theory, supply of food grains increase in arithmetic progression. The population grows in geometric progression.
20999.Consider the following statements and identify the right ones.
i. Malthus supported population control to ensure balance between population and availability of food grains
ii. He advocated "unethical" means to control population
i. Malthus supported population control to ensure balance between population and availability of food grains
ii. He advocated "unethical" means to control population
i only
ii only
both
none
Explanation:
He advocated ethical means to control population like self control, late marriage etc. he was against methods like abortion.
He advocated ethical means to control population like self control, late marriage etc. he was against methods like abortion.
21000.Consider the following statements and identify the right ones.
i. According to the theory of demographic transition, in the first stage, birth rate is low but death rate is high
ii. The difference between them is high
i. According to the theory of demographic transition, in the first stage, birth rate is low but death rate is high
ii. The difference between them is high
i only
ii only
both
none
Explanation:
According to the theory of demographic transition, in the first stage, birth rate and death rate both are high and the difference between them is quite low.
According to the theory of demographic transition, in the first stage, birth rate and death rate both are high and the difference between them is quite low.
21001.6. Consider the following statements and identify the right ones.
i. In the second stage of demographic transition, death rates declines.
ii. The difference between birth rate and death rate decreases
i. In the second stage of demographic transition, death rates declines.
ii. The difference between birth rate and death rate decreases
i only
ii only
both
none
Explanation:
In the second stage, there is negligible decline in the birth rate. Hence the difference between birth and death rate increases.
In the second stage, there is negligible decline in the birth rate. Hence the difference between birth and death rate increases.
21002.Match the following.
i. 1891-1921 - a. period of stagnant population
ii. 1921-1951 - b. period of steady growth
iii. 1951-1981 - c. period of high growth
iv. 1981-2011 - d. period of declining growth rate
i. 1891-1921 - a. period of stagnant population
ii. 1921-1951 - b. period of steady growth
iii. 1951-1981 - c. period of high growth
iv. 1981-2011 - d. period of declining growth rate
i-a, ii-b, iii-c, iv-d
i-c, ii-b, iii-a, iv-d
i-b, ii-c, iii-a, iv-d
i-a, ii-b, iii-d, iv-c
Explanation:
This is the population trend in India from 1891 onwards. It has slowly moved towards the declining growth rate period.
This is the population trend in India from 1891 onwards. It has slowly moved towards the declining growth rate period.
21003.Which of the following is a union tax?
Corporation tax
Taxes on agricultural income
Capitation taxes
Land revenues
Explanation:
Union taxes are given in the list of 7th schedule in the constitution.
Union taxes are given in the list of 7th schedule in the constitution.
21004.Consider the following statements and identify the right ones.
i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
ii. The constitution also provides for transferring certain tax revenues from union list to states.
i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
ii. The constitution also provides for transferring certain tax revenues from union list to states.
i only
ii only
both
none
Explanation:
Central government has exclusive power to impose tax which is not mentioned in state or concurrent list.
Central government has exclusive power to impose tax which is not mentioned in state or concurrent list.
21005.The tax levied by the union government on income of individuals is known as
Personal income tax
Interest tax
Wealth tax
Corporation tax
Explanation:
It is based on the principle of ability to pay. The tax levied by the union government on income of individuals is known as income tax.
It is based on the principle of ability to pay. The tax levied by the union government on income of individuals is known as income tax.
21006.The tax on net income of companies is
Personal income tax
Interest tax
Wealth tax
Corporation tax
Explanation:
The tax on net income of companies is corporate tax. Tax rates are uniform for all categories of companies.
The tax on net income of companies is corporate tax. Tax rates are uniform for all categories of companies.
21007.Consider the following statements and identify the right ones.
i. Wealth tax is collected from productive as well as unproductive assets
ii. Estate duty was a type of inheritance tax of large estates
i. Wealth tax is collected from productive as well as unproductive assets
ii. Estate duty was a type of inheritance tax of large estates
i only
ii only
both
none
Explanation:
Wealth tax is collected from unproductive assets only. Estate duty was abolished in 1985.
Wealth tax is collected from unproductive assets only. Estate duty was abolished in 1985.
21008.Which of the following taxes is/are withdrawn or abolished?
i. Interest tax
ii. Estate duty
iii. Gift tax
Choose the right option from below
i. Interest tax
ii. Estate duty
iii. Gift tax
Choose the right option from below
i only
i and ii
i and iii only
i , ii and iii only
Explanation:
Interest tax was withdrawn in 2000-01, estate duty abolished in 1985 and gift tax in 1998-99.
Interest tax was withdrawn in 2000-01, estate duty abolished in 1985 and gift tax in 1998-99.
21009.The most important source of revenue to the states is
i. Sales tax
ii. Service tax
iii. Excise duty
Choose the right option from below
i. Sales tax
ii. Service tax
iii. Excise duty
Choose the right option from below
i only
i and ii
i and iii only
i , ii and iii only
Explanation:
Sales tax is the tax on sale of goods and is influenced by the value added tax system.
Sales tax is the tax on sale of goods and is influenced by the value added tax system.
21010.Consider the following statements and identify the right ones.
i. The 14th finance commission is headed by C. Rangarajan
ii. The recommendations of the commission will come into effect from April, 1, 2015
i. The 14th finance commission is headed by C. Rangarajan
ii. The recommendations of the commission will come into effect from April, 1, 2015
i only
ii only
both
none
Explanation:
The 14th finance commission was appointed in 2013. It is headed by Y V Reddy.
The 14th finance commission was appointed in 2013. It is headed by Y V Reddy.
21011.Consider the following statements and identify the right ones.
i. Family planning was made target-oriented in the 1960s
ii. The period saw cafeteria approach
i. Family planning was made target-oriented in the 1960s
ii. The period saw cafeteria approach
i only
ii only
both
none
Explanation:
From third five year plan onwards, importance was given to family planning measures to stabilize the population growth.
From third five year plan onwards, importance was given to family planning measures to stabilize the population growth.
21012.Consider the following statements and identify the right ones.
i. The 4th five year plan aimed at reducing birth rate from 39 per thousand to 29 in next 10 years.
ii. There was emphasis on providing supplies and services.
i. The 4th five year plan aimed at reducing birth rate from 39 per thousand to 29 in next 10 years.
ii. There was emphasis on providing supplies and services.
i only
ii only
both
none
Explanation:
The 4th five year plan aimed at reducing birth rate from 39 per thousand to 29 in next 10 years.
The 4th five year plan aimed at reducing birth rate from 39 per thousand to 29 in next 10 years.
21013.Consider the following statements and identify the right ones.
i. The National Population Policy was announced in 1976.
ii. Prior to this policy, family planning was voluntary
i. The National Population Policy was announced in 1976.
ii. Prior to this policy, family planning was voluntary
i only
ii only
both
none
Explanation:
Prior to the 1976 Population policy, government was just acting as a facilitator and family planning was a voluntary act.
Prior to the 1976 Population policy, government was just acting as a facilitator and family planning was a voluntary act.
21014.Consider the following statements and identify the right ones.
i. the 2000 population policy has a long term objective of achieving a stable population by 2015
ii. The National Population Policy aimed at achieving universal immunization of children against all vaccine preventable diseases.
i. the 2000 population policy has a long term objective of achieving a stable population by 2015
ii. The National Population Policy aimed at achieving universal immunization of children against all vaccine preventable diseases.
i only
ii only
both
none
Explanation:
The 2000 population policy has a long term objective of achieving a stable population by 2045. The policy has immediate, medium term and long term goals.
The 2000 population policy has a long term objective of achieving a stable population by 2045. The policy has immediate, medium term and long term goals.
21015.Match the following.
i. Class I - a. Population of 100000 and above
ii. Class II - b. Population of 50000 to 99999
iii. Class III - c. Population of 20000 to 49999
iv. Class IV - d. population of 10000 to 19999
i. Class I - a. Population of 100000 and above
ii. Class II - b. Population of 50000 to 99999
iii. Class III - c. Population of 20000 to 49999
iv. Class IV - d. population of 10000 to 19999
1-a, 2-b, 3-c, 4-d
1-c, 2-d, 3-b, 4-a
1-d, 2-c, 3-b, 4-a
1-b, 2-d, 3-a, 4-c
Explanation:
Class V includes population of 5000 to 9999 and class VI with population less than 5000.
Class V includes population of 5000 to 9999 and class VI with population less than 5000.
21016.Consider the following statements and identify the right ones.
i. Poverty line is defined as the mid-point of monthly per capita expenditure class having a daily calorie intake of 2400 calorie per person in urban areas.
ii. In rural areas, it is 2100 calories a day
i. Poverty line is defined as the mid-point of monthly per capita expenditure class having a daily calorie intake of 2400 calorie per person in urban areas.
ii. In rural areas, it is 2100 calories a day
i only
ii only
both
none
Explanation:
Poverty line is defined as the mid-point of monthly per capita expenditure class having a daily calorie intake of 2400 calorie per person in rural areas and for urban areas, it is 2100 calories.
Poverty line is defined as the mid-point of monthly per capita expenditure class having a daily calorie intake of 2400 calorie per person in rural areas and for urban areas, it is 2100 calories.
21017.Consider the following statements and identify the right ones.
i. The Tendulkar panel committee on poverty submitted its report in 2001
ii. As per the report, poverty estimates will be based on private household consumer expenditure of households
i. The Tendulkar panel committee on poverty submitted its report in 2001
ii. As per the report, poverty estimates will be based on private household consumer expenditure of households
i only
ii only
both
none
Explanation:
The Tendulkar panel committee on poverty submitted its report in 2009. The data is collected by the NSSO.
The Tendulkar panel committee on poverty submitted its report in 2009. The data is collected by the NSSO.
21018.Consider the following statements and identify the right ones.
i. As per the Tendulkar report, NSSO has decided to shift mixed reference period.
ii. Prior to this, 30 day recall period was used.
i. As per the Tendulkar report, NSSO has decided to shift mixed reference period.
ii. Prior to this, 30 day recall period was used.
i only
ii only
both
none
Explanation:
As per the report, it has been decided to use mixed reference period for all consumption surveys in future.
As per the report, it has been decided to use mixed reference period for all consumption surveys in future.
21019.Consider the following statements and identify the right ones
i. A person having worked for less than one hour for one day of a week is termed employed for a week
ii. The current daily status considers the activity of a person for each day of the preceding even days.
i. A person having worked for less than one hour for one day of a week is termed employed for a week
ii. The current daily status considers the activity of a person for each day of the preceding even days.
i only
ii only
both
none
Explanation:
A person having worked for one or more hours for one day or more days of a week is termed employed for that week.
A person having worked for one or more hours for one day or more days of a week is termed employed for that week.
21020.Consider the following statements and identify the right ones.
i. If a person works for one hour but less than 4 hours during the day, he is considered partially employed.
ii. It he works for four or more than 4 hours, he is considered as employed for the whole day.
i. If a person works for one hour but less than 4 hours during the day, he is considered partially employed.
ii. It he works for four or more than 4 hours, he is considered as employed for the whole day.
i only
ii only
both
none
Explanation:
The NSSO has given three concepts of employment to measure the status-usual status, current weekly status and current daily status.
The NSSO has given three concepts of employment to measure the status-usual status, current weekly status and current daily status.
21021.Consider the following statements about the EGS and identify the right ones.
i. The scheme provides for productive and gainful employment in approved rural works.
ii. The works undertaken should produce durable productive assets in the area.
i. The scheme provides for productive and gainful employment in approved rural works.
ii. The works undertaken should produce durable productive assets in the area.
i only
ii only
both
none
Explanation:
The works for example include minor irrigation, land development, command area development etc.
The works for example include minor irrigation, land development, command area development etc.
21022.Consider the following statements and identify the right ones.
i. The Small Farmers Development Agency was merged with IRDP in the later stage.
ii. It was implemented in 1974-75
i. The Small Farmers Development Agency was merged with IRDP in the later stage.
ii. It was implemented in 1974-75
i only
ii only
both
none
Explanation:
The scheme aimed at providing technical and financial assistance to small and marginal farmers.
The scheme aimed at providing technical and financial assistance to small and marginal farmers.
21023.Consider the following statements and identify the right ones.
i. Antyodaya scheme was initially introduced in Rajasthan
ii. The scheme gives assistance for promoting small and cottage industries in rural areas.
i. Antyodaya scheme was initially introduced in Rajasthan
ii. The scheme gives assistance for promoting small and cottage industries in rural areas.
i only
ii only
both
none
Explanation:
The scheme aimed at increasing the living standards of the people. It also gave preference to socially and economically backward classes.
The scheme aimed at increasing the living standards of the people. It also gave preference to socially and economically backward classes.
21024.Consider the following statements and identify the right ones.
i. The Food for Work scheme is a wage employment scheme
ii. Based on this scheme, the NREP scheme was launched later.
i. The Food for Work scheme is a wage employment scheme
ii. Based on this scheme, the NREP scheme was launched later.
i only
ii only
both
none
Explanation:
the food for work scheme was introduced in 1977 and NREP was launched in 1980.
the food for work scheme was introduced in 1977 and NREP was launched in 1980.
21025.Consider the following statements and identify the right ones.
i. TRYSEM was introduced in 1979
ii. It aimed at training urban youth from economically and socially backward classes and provides self employment.
i. TRYSEM was introduced in 1979
ii. It aimed at training urban youth from economically and socially backward classes and provides self employment.
i only
ii only
both
none
Explanation:
It aimed at training rural youth from economically and socially backward classes and provides self employment.
It aimed at training rural youth from economically and socially backward classes and provides self employment.
21026.Consider the following statements and identify the right ones.
i. The TRYSEM was merged with JRY
ii. TRYSEM provides for 10%reservation for women
i. The TRYSEM was merged with JRY
ii. TRYSEM provides for 10%reservation for women
I only
ii only
both
none
Explanation:
TRYSEM provides for 40%reservation for women, while giving 50% reservation for SC and STs.
TRYSEM provides for 40%reservation for women, while giving 50% reservation for SC and STs.
21027.Consider the following statements and identify the right ones.
i. The DWCRA provides self employment to women of BPL families
ii. The sharing of expenses between the centre and state is 80:20
i. The DWCRA provides self employment to women of BPL families
ii. The sharing of expenses between the centre and state is 80:20
I only
ii only
both
none
Explanation:
The sharing of expenses between the centre and state is 50:50. The beneficiaries are provided Rs. 25000 as financial assistance.
The sharing of expenses between the centre and state is 50:50. The beneficiaries are provided Rs. 25000 as financial assistance.
21028.Which one of the following groups of items is included in India�s foreign-exchange reserves?
Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries
Foreign-currency assets, gold holdings of the RBI and SDRs
Foreign-currency assets, loans from the World Bank and SDRs
Foreign-currency assets, gold holdings of the RBI and loans from the World Bank
21029.The basic aim of Lead Bank Scheme is that
big banks should try to open offices in each district
there should be stiff competition among the various nationalized banks
individual banks should adopt particular districts for intensive development
all the banks should make intensive efforts to mobilize deposits
21030.Which of the following would include Foreign Direct Investment in India?
- Subsidiaries of companies in India
- Majority foreign equity holding in Indian companies
- Companies exclusively financed by foreign companies
- Portfolio investment
1, 2, 3 and 4
2 and 4 only
1 and 3 only
1, 2 and 3 only
21031.Despite having large reserves of coal, why does India import millions of tonnes of coal?
- It is the policy of India to save its own coal reserves for future, and import it from other countries for the present use.
- Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.
- Steel companies need large quantity of coking coal which has to be imported.
1 only
2 and 3 only
1 and 3 only
1, 2, and 3