1. The pioneer in the development of national income accounting is
1) J.M. Keynes
2) Ragnar Frisch
3) Richard Stone
4) J.R. Hicks
2. The largest component of Gross National Product (GNP) is
1) Government purchase of goods and services
2) Consumption
3) Net exports
4) Investment
3. The important feature of money which differentiates it with other asset
is its
1) Durability
2) Profitability
3) Liquidity
4) Transferability
4. Opening a deposit account in the name of a person who comes to borrow
funds from it is called
1) Primary deposits
2) Passive deposits
3) Savings bank deposits
4) Derivative deposits
5. According to Adam Smith the basis of international trade is
1) The principle of comparative advantage
2) The principle of absolute
advantage
3) Differences in factor endowments
4) Differences in factor prices
6. The way of listing receipts and payments in international transactions
of a country is called
1) International capital flows
2) Current accounts
3) Capital accounts
4) Balance of payments
7. The theory of circular and cumulative causation in underdeveloped
countries was developed by
1) Gunnar Myrdal
2) Ragnar Nurkse
3) Arthur Lewis
4) Harvey Leibenstein
1) Human Development Index
2) Physical Quality of Life Index
3) Human Poverty Index
4) Human Empowerment Index
9. As per 2001 census the number of females per 1000 males in India was1) 921
2) 933
3) 948
4) 952
10. Annual National Accounts Statistics in India is published by
1) The Planning Commission
2) The Reserve Bank of India
3) The Ministry of Finance
4) Central Statistical Organization
11. Which of the following always remained in focus as the main objective
of India's five year plans?
1) Economic growth
2) Self-reliance
3) Removal of poverty
4) Full employment
12. Which of the five years plans basic frame work was based on Mahalanobis
strategy of development?
1) Second Five Year Plan
2) Third Five Year Plan
3) Fifth Five Year Plan
4)
Sixth Five Year Plan
13. The largest component of subsidy to agriculture in India is
1) Irrigation subsidy
2) Fertilizer subsidy
3) Power subsidy
4) Output subsidy
14. The price at which government supplies food grains through fair price
shops is called
2) Issue price
3) Support price
4) Current price
1) Guntur
2) Krishna
3) Nellore
4) Srikakulam
16. Which of the following district has the lowest density of population?
1) Khammam
2) Cuddappa
3) Adilabad
4) Prakasam
17. Which of the following is counted in Gross National Product?
1) Transfer payments
2) Capital gains
3) Illegal activities
4) Depreciation
18. Real Gross Domestic Product is equal to
1) Nominal GDP + GDP Deflator
2) Nominal GDP x GDP Deflator
3) Nominal GDP/GDP Deflator
4)
Nominal GDP – GDP deflator
19. Keynes was the first economist who realized the significance of money's
function as a
1) Medium of exchange
2) Measure of value
3) Store of value
4) Standard of deferred payment
20. Credit multiplier is reciprocal of
1) Excess reserve
2) Cash reserve ratio
3) Derivative deposits
4) Primary deposits
21. Taussig explained the comparative cost theory in terms of
1) Labour cost
2) Opportunity cost
3) Reciprocal demand
4) Money
22. In balance of payments basic balance implies
1) Current account
2) Capital account
3) Sum of current account and
capital account
4) Current account minus capital account
23. The largest number of poor people live in
1) South Asia
2) Sub-Saharan Africa
3) Latin America
4) East Asia
24. The percentage of world population lives in under developed countries
1) 60 percent
2) 80 percent
3) 70 percent
4)
90 percent
25. In India family planning was inaugurated at government level for the
first time during the
1) First Five year Plan
2) Second Five year Plan
3) Third Five year Plan
4) Fourth Five year Plan
26. National income generated in the primary sector is estimated in India
by
1) Output method
2) Income method
3) Expenditure method
4) None of the above
27. Indian planning is
1) Imperative in nature
2) Authoritarian in nature
3) Indicative in nature
4) Totalitarian in nature
28. Which of the following economic reform measure helped to integrate
Indian economy with the rest of the
world?
1) Reforms in industrial policy
2) Financial sector reforms
3) Tax reforms
4) Trade and capital flow reforms
1) Complete coverage of the country under irrigation
2) To give loan assistance to states
to help them to complete some of the incomplete irrigation projects
3) To speed up irrigation projects in unirrigated areas
4) To complete the irrigation projects within a definite time frame
1) 1995
2) 1997
3) 1999
4)
2001
31. Net sown area in Andhra Pradesh accounts for
2) 34 percent of land
3) 40 percent of land
4) 48 percent of land
1) 10 percent
2) 12 percent
3) 4 percent
4) 6 percent
33. Which of the following is not counted to estimate Gross Domestic
Product (GDP)?
1) Intermediate goods
2) Inventory investment
3) Depreciation
4) Currently produced capital goods
34. Which of the following is the consumption component of GNP ?
1) Consumer durable goods
2) Non durable consumption goods
3) Consumer services
4) All the above
35. Demand for money to meet unforeseen contingencies is
1) Transactions demand for money
2) Precautionary demand for money
3) Speculative demand for money
4) Asset demand for money
36. The shape of liquidity preference curve becomes flatter at
1) Low rate of interest
2) High rate of interest
3) Zero rate of interest
4)
Normal rate of interest
37. Which of the following theory of trade cast within the frame of general
equilibrium theory of value?
1) Ricardian theory
2) J.S. Mills theory
3) Technological theory
4) Hecksher-Ohlin theory
38. Under valuation of currency in a country makes the balance of payments
1) Favourable
2) Adverse
3) Inequilibrium
4) None of the above
39. Physical Quality of Life Index (PQLI) was developed by
1) Simon Kuznets
2) Ragnar Nurkse
3) Morris D Morris
4) UNDP
40. The main export of under developed countries is
1) Primary products
2) Service activities
3) Manufactured goods
4) Capital goods
41. The density of population in India as per 2001 census is
1) 117
2) 235
3) 432
4) 324
42. In India in early years of 1970's the share of agriculture in national
income used to be around
1) 70 percent
2) 60 percent
3) 50 percent
4) 40 percent
43. Plan holiday was declared and annual plans were introduced in India
during
1) 1974 - 76
2) 1966 - 69
3) 1981 - 84
4) 1991 – 93
44. India became self sufficient in food grains in
1) 1977 - 78
2) 1984 - 85
3) 1997 - 98
4) 1992 – 93
45. One of the objectives of National Agriculture Policy of 2000 was
1) Doubling food production
2) 8 percent growth rate in agriculture
3) 50 percent increase in input subsidy
4) Growth rate in excess of 4
percent per annum in agriculture
46. Which of the following provides long term agricultural credit?
1) Regional Rural Banks
2) Land Development Banks
3) State Co-operative Banks
4) Commercial Banks
47. The share of service sector in the GSDP of Andhra Pradesh is
1) 60 percent
2) 40 percent
3) 50 percent
4) 30 percent
48. South Asia Poverty Alleviation Programme (SAPAP) was introduced in
Andhra Pradesh in
1) 1995
2) 1998
3) 2002
4)
2005
49. Which of the following is included in Gross Domestic Product (GDP)?
1) All previously produced final goods and services
2) All currently produced final
goods and services
3) Exchange of assets like stocks, bonds, etc.
4) All currently produced intermediate goods
50. When market rate of interest rises the market price of bonds
1) Falls
2) Rises
3) Remains constant
4) Equal to the rate of interest
51. Empirical study of Hecksher - Ohlin theory has led to paradoxical
results in the study of
1) Paul A Samuelson
2) J.S. Mill
3) Jacob Viner
4) Wassily Leontieff
52. In Balance of Payments, which is included in capital accounts?
1) Export of goods
2) Export of services
3) Transfer payments
4) Borrowing from foreign countries
53. The low levels of labour productivity in under developed countries can
be explained by
1) Lack of physical capital
2) Lack of human capital
3) Lack of exports
4) High population growth
54. The average rate of population growth in less developed economies is
1) 0.5 percent per year
2) 1 percent per year
3) 2 percent per year
4)
3 percent per year
55. The percentage of rural population in India as per 2001 census is
1) 81.5 percent
2) 72.2 percent
3) 65.7 percent
4) 62.5 percent
56. For national income accounting, electricity, gas and water supply are
constituents of
1) Primary sector
2) Secondary sector
3) Other sector
4) Service sector
57. High priority was accorded to export promotion and measures were
adopted to boost up exports for in the
1) Second Five Year Plan
2) Third Five Year Plan
3) Fourth Five Year Plan
4) Fifth Five Year Plan
58. Rashtriya Krishi Bima Yojana introduced in 1999-2000 was
1) A scheme of new seed fertilizer technology
2) To extend credit to farmers at low rate of interest
3) A newly introduced crop insurance scheme
4) A scheme extending the purview of
crop insurance to cover all farmers and all Crops
59. Which of the tax contributes highest revenue to the central government?
1) Corporation Income Tax
2) Customs Duties
3) Personal Income Tax
4) Wealth Tax
60. In Andhra Pradesh the rate of growth of population in the period 1991 -
2001 was
1) 1.3 percent per annum
2) 1.8 percent per annum
3) 2 percent per annum
4)
2.3 percent per annum
61. The market value of all goods and services after providing for
depreciation of capital assets is called
1) GDP at market price
2) NDP at factor cost
3) NNP at market price
4) NNP at factor cost
62. National income at constant prices represents
1) The value of all goods and services expressed at fixed prices
2) The value of all goods and services expressed at changed prices
3) The value of all goods and services at zero prices
4) The value of all goods and
services expressed at the base year price
63. Which of the following is credit money?
1) Bank drafts
2) Bills of exchange
3) Promissory notes
4) All the above
64. Which component of money demand is highly volatile?
1) Business demand
2) Speculative demand
3) Personal and business transactions demand
4) Precautionary demand
65. Which one of the following is not found in the credit side of balance
of payments?
1) Visible exports
2) Visible imports
3) Invisible exports
4) Transfer receipts
66. The classical theory of comparative advantage has been explained in
terms of
1) Labour costs
2) Money costs
3) Theory of opportunity cost
4)
Real cost
67. In Human Development index rank, high rank implies
1) 0.5 to 1
2) 0.7 to 1
3) 0.6 to 1
4) 0.8 to 1
68. Under utilization of labour force is manifested in which form of unemployment?
1) Cyclical and seasonal
2) Frictional and disguised
3) Under employment and open unemployment
4) Voluntary unemployment and under employment
69. Annual birth rate 27 implies
1) 27 infants are borne per 1000
persons living
2) 27 infants are borne per 100 persons living
3) 2.7 percent is the rate of growth of population
4) 27 infants are borne per 10000 people
70. In the first 3 decades (1950 - 80) in Indian economy the rate of growth
of GDP hovered around
1) 2.5 percent
2) 3.5 percent
3) 5 percent
4) 4.8 percent
71. Managing the transition from centrally planned economy to market led
economy was documented in
1) Fifth Five Year Plan
2) Seventh Five Year Plan
3) Eighth Five Year Plan
4) Eleventh Five Year Plan
72. Irrigated areas as a percentage of gross cropped area in India is
1) 30 percent
2) 60 percent
3) 50 percent
4) 40 percent
73. Targeted Public Distribution System implies the distribution?
1) of wheat and rice
2) only to vulnerable and poor
sections
3) to rural areas, instead of urban areas
4) to sugar, edible oil, kerosene etc.
74. Central Government Gross Fiscal Deficit in 2006-07
1) 3.7 percent
2) 4.1 percent
3) 5.7 percent
4) 2.1 percent
75. Which is the geographically largest district in Andhra Pradesh ?
1) Adilabad
2) Prakasham
3) Anantapur
4) Nalgonda
76. GNP at factor cost =
1) GNP at market prices + Net indirect taxes
2) GNP + Net factor income from abroad
3) GNP + Net factor income from abroad + Indirect taxes
4) GNP at market prices – Net
indirect taxes
77. Which of the following method of measurement of national income is
called consumption and investment method ?
1) Product method
2) Income method
3) Expenditure method
4) Value-added method
78. Nominal wages denote
1) Substance wages
2) Low wages
3) Wages paid in terms of money
4)
Wage level determing the standard living
79. Windfall profit means
1) Gross profit minus implicit cost
2) Monopoly profit
3) Profit arises on account of
unexpected changes
4) Profit as the reward of innovation
80. Which is a broad measure of money supply?
1) M1
2) M2
3) M3
4) M1 + M2
81. High powered money in a country is composed of
1) Currency held by the public
2) Commercial banks reserves
3) Currency produced by the central bank
4) Currency held by the public and commercial
banks reserves
82. According to James Tobin which influences strongly the portfolio
decisions of investors?
1) The element of risk
2) Uncertainty
3) Rate of interest
4) Bond prices
83. Factor price equalization theorem was stated by
1) Heckscher-Ohlin
2) P.A. Samuelson
3) G. Haberler
4) Jacob Viner
84. Lorenz curve is the index which is used to measure
1) Poverty
2) Inequality
3) Backwardness
4)
Underdevelopment
85. In under developed economies low productivity is the outcome of
1) Paucity of capital and other
resources
2) Backward technology
3) Lack of training and skill of
labourers
4) All the above
86. The growth model which stands on a knifeedge is
1) Harrod - Domar model
2) Classical model
3) Neoclassical model
4) Marxian model
87. The incidence of poverty is the highest for
1) Regular wage and salaried employees
2) Self employed
3) Casual workers
4) All the above
88. Which five year plan initiated minimum needs programme?
1) Third Five Year Plan
2) Fifth Five Year Plan
3) Seventh Five Year Plan
4) Eighth Five Year Plan
89. The Employment Guarantee Scheme initiated in early 1970's in
1) Andhra Pradesh
2) West Bengal
3) Tamil Nadu
4) Maharashtra
90. Antyodaya Anna Yojana (2000) intended for
1) Poverty alleviation
2) Employment for the poor families
3) Food security for poor families
4) Cheap credit to small farmers and rural Artisans
91. In terms of current daily status, the unemployment rate is the highest
in
1) Andhra Pradesh
2) Kerala
3) Bihar
4) Uttar Pradesh
92. The incidence of child labour is the highest in
1) Karnataka
2) Kerala
3) West Bengal
4) Andhra Pradesh
93. Development of Women and Children in Rural Area (DWCRA) was started in Andhra Pradesh in 1982-83 with the assistance of
1) World Bank
2) Asian Development Bank
3) UNDP
4) UNICEF
94. The total population of Andhra Pradesh (as per 2001 census)
1) 7.77 crores
2) 9.25 crores
3) 6.76 crores
4) 5.92 crores
95. In 1980s and 1990s Andhra Pradesh economy experienced a structural transformation, in terms of employment and output, from
1) Agriculture to services
2) Agriculture to industry
3) Industry to services
4) Services to agriculture
96. A situation in which employment of an additional unit of labour does not add anything to production is called
1) Diminishing marginal productivity of labour
2) Diminishing returns
3) Disguised unemployment
4) Open unemployment
97. Under which of the following condition devaluation will not reduce
deficit in balance of payments of the country?
1) If elasticity of demand for the exports of the devaluing country is
greater than unity2) If elasticity of demand for exports of the devaluing country is less than unity
3) If the exports of the devaluing country has low prices and greater demand in foreign countries
4) None of the above
98. Which of the following works as an apex body to look after the credit
requirements of rural sector?
1) Regional Rural Banks
2) Co-operative Banks
3) National Bank for Agriculture and
Rural Development
4)
Land Development Banks
99. National Rural Employment Guarantee Act was passed in
1) 2005
2) 2006
3) 2007
4) 2004
100. Janmabhoomi was launched in Andhra Pradesh in
1) 1997
2) 1999
3) 2002
4)
2005
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