April 18, 2024
Consider the following statements:
1. Factor Price is the price of the commodity from the producers side.
2. Market Price excludes the taxes and includes Government subsidy from factor cost.
Select the incorrect statement(s) using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) 1 and 2 only
  • (D) Neither 1 nor 2
How many of the below given pair(s) is/are not correctly matched?
1. Cost Push Inflation = Increase in the supply of money with people
2. Built In Inflation = Passing higher labour costs to customers
3. Demand Pull Inflation = Increased credit demand
  • (A) 1 pair only
  • (B) 2 pairs only
  • (C) All the pairs
  • (D) None of the pairs
Consider the following statements:
1. India was one of the founder members of General Agreement on Trade and Tariffs.
2. The first round of GATT was held in Uruguay in the year 1947.
Select the correct statement(s) using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) None of the above
Poverty Gap reflects:
  • (A) Gap in infrastructural facilities between developed nations and developing nations
  • (B) The difference between poverty line and actual income level of all those living below that line
  • (C) Gap between developed and developing nations
  • (D) Gap between the rich and the poor people
Which one of the following is/are the objectives of NITI Aayog?
  • (A) To construct methods to formulate a reliable strategy at the village level and aggregate these gradually at higher levels of government
  • (B) To grant advice and encourage partnerships between important stakeholders and national-international Think Tanks
  • (C) To promote cooperative federalism through well-ordered support initiatives
  • (D) All of the above
Consider the following statements :
1. Complete privatisation is a form of majority disinvestment wherein 100 per cent control of the company is passed on to a buyer.
2. It introduces competition and market discipline and helps to depoliticise non-essential services.
Select the correct statement(s) using the codes below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are incorrect?
1. Public Debt is the total debt that people of the country have borrowed.
2. External debt can be paid back in any foreign currency.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following are the pillars of Gross National Happiness?
1. Sustainable and equitable socio-economic development
2. Good governance
3. Preservation and promotion of culture
4. Environmental conservation
Select the answer using the codes below:
  • (A) 1 and 4 only
  • (B) 2, 3 and 4 only
  • (C) 1, 2, and 4 only
  • (D) 1, 2, 3, 4
Which of the following are the correct regarding money market?
  • (A) Money market refers to a section of the financial market where financial instruments with high liquidity and short-term maturities are traded.
  • (B) It deals with borrowing and lending of short term credit/loan generally with a time period of less than or equal to 1 year.
  • (C) Call Money and Term Money are instruments of money market.
  • (D) All of the above
Consider the following statements:
1.Repo rate influences aggregate demand.
2. Increase in reverse Repo will promote inflation in economy.
Which of the above statement(s) is/are correct?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2

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