Questions
When government expenditure exceeds total government receipts, the budget deficit is:
- positive
- negative
- zero
- indeterminate
In Harrod -Domar model, if the growth rate of income is 5% and capital-output ratio is 3, then saving rate must be
- 5%
- 3%
- 8%
- 15%
Assertion (A) : Sen's P-measure is preferred both of Head Count ratio and the poverty gap ratio.
Reason (R) Sen won the 'Nobel prize'.
- Both (A) and (R) are true and (R) is the correct explanation
- Both (A) and (R) are true, but (R) is not the correct explanation of (A)
- (A) is false, but (R) is true
- Both (A) and (R) are false
Arrange the option having the right chronological order.
(i) Introduction of Rolling Plan
(ii) The movement from Planning to Market mechanism
(iii) Feldman-Mahalanobis Model
(iv) Declaration of Plan holiday
- (i) (iii) (iv) (ii)
- (ii) (iv) (i) (iii)
- (iii) (iv) (i) (ii)
- (i) (iii) (ii) (iv)
The overall production of food grains in India in 2006 - 07 was
- 207.3 million tonnes
- 217.3 million tonnes
- 270.8 million tonnes
- 227.8 million tonnes
Assertion (A) : According o Milton Friedman, the slope of the long-run Phillips curve is vertical.
Reason (R) : The expectations about future inflation are the basic cause of the non-existence of the trade-off between inflation and unemployment in the long-run.
- Both (A) and (K) are true and (R) is not the correct reason of (A)
- Both (A) and (R) are true, but (R) is the correct reason of (A)
- Both (A) and (R) are false
- (A) is true, but (R) is false
Second Five Year plan was based on a model developed by:
- C. H Hanumantha Rao
- P.C. Mahalanobis
- A.K. Sen
- K.N. Raj
New Economic Policy in India was introduced in:
- 1981
- 1971
- 1991
- 2001
Mode of production refers to:
- Forces of production
- Methods of production
- Relations of production
- The duality of Forces of Production and Relations of Production
Starting with the earliest. arrange the following schemes chronologically:
(I) Prime Minister's Rozgar Yojana
(ii) Rural Employment Generation Programme
(iii) Sampoorna Grameena Rozgar Yojana
(iv) National Food for Work Programme
- (i) (ii) (iii) (iv)
- (iv) (ii) (iii) (i)
- (iii) (iv) (ii) (i)
- (i) (iii) (ii) (iv)
Assertion (A) : Coefficient of Concurrent Deviations is calculated between the direction of deviations and not their magnitudes.
Reason (R) : If it is desired to study the correlation between two series in a very casual manner.
- (A) is false, but (R) is true
- (A) is true, but (R) is false
- Both (A) and (R) are true, but (R) is not the correct explanation.
- Both (A) and (R) are true and (R) is the correct explanation.
Pareto Optimality can take place at any point on:
- Laffer Curve
- Engel Curve
- Contract Curve
- Lorenz Curve
According to Economic Survey 2007-2008, lndia's exports as per cent of GDP in 2006 -2007 stood at:
- 11.0
- 14.0
- 16.0
- 19.0
The Deficit Budget in which the deficits are covered through taxes is called
- Balanced Budget
- Unbalanced Budget
- Surplus Budget
- Zero-base Budget
Domestic Savings Rate during the IX period was
- 23.31%
- 30.31%
- 25.3l
- None of these
Assertion (A) : According to Hicks, trade cycle occurs due to the interaction between multiplier, and accelerator.
Reason (R) In Hicksian business cycle theory, accelerator is impotent in the depression phase.
- Both (A) and (R) are true and (R) is the correct explanation of (A)
- Both (A) and (R) are true, but (R) is not the correct explanation of (A)
- 130th (A) and (R) are false
- (A) is true, but (R) is false
Arrange the option having the right chronological order.
(i) Specific Target-group Oriented Programmes
(ii) Introduction of Family Planning
(iii) Direct Anti-poverty Programmes
(iv) Minimum Needs Programme
- (ii) (i) (iv) (iii)
- (i) (iii) (ii) (iv)
- (iv) (iii) (i) (ii)
- (iii) (ii) (iv) (i)
Starting with the earliest, arrange the following authors chronologically in the context of development of theory of Oligopoly:
(i) E. Stackelberg
(ii) P. Sweezy
(iii) 1. Bertrand
(iv) A. Cournot
- (ii) (i) (iii) (iv)
- (iv) (iii) (ii) (i)
- (i) (ii) (iv) (iii)
- (iii) (iv) (i) (ii)
Assertion (A) : As per the recent Indian experience, a fall in the of employment generation is associated with a fall in the rate of economic growth.
Reason (R) : Working of the Okun's law.
- Both (A) and (R) are true and (R) is the correct explanation of (A).
- Both (A) and (R) are true but (R) is not the correct explanation of (A).
- (A) is true but (R) is false.
- (A) is false but (R) is true.
Assertion (A) : Giffen goods have a positively sloped demand curse.
Reason (R) : The positive substitution effect in their case is more than offset by negative income effect.
- Both (A) and (R) are true and (R) is the correct explanation of (A)
- (A) is true. but (R) is false
- Both (A) and (R) are false
- Both (A) and (R) are true. but (R) is not the correct explanation of (A)
On Current Daily Status (CDS) basis, the incidence of unemployment in India in 2004 - 05 was
- 4.52%
- 6.43%
- 8.28%
- 10.12%
The doctrine of unbalanced growth has not been advocated by
- H. W. Singer
- W. A. Lewis
- A. O Hirschman
- C.P. Kndleberger
Public Enterprises in India have developed only in
- Consumer goods industries
- Key and basic industries
- Service industries
- All types of industries
Match the following
| List - I | List - II |
| 1. Principle of absolute advantage | (i) Rybezynski |
| 2. Effects of factor endowment changes on trade | (ii) Samuelson |
| 3. Theory of reciprocal demand | (iii) Adam Smith |
| 4. Factor price equalisation theorem | (iv) J.S. Mill |
- 1 - (iii), 2 - (ii), 3 - (iv), 4 - (i)
- 1 - (iv), 2 - (ii), 3 - (i), 4 - (iii)
- 1 - (iii), 2 - (i), 3 - (iv), 4 - (ii)
- 1 - (iii), 2 - (iv), 3 - (ii), 4 - (i)
Match the following
| List-I |
| <b>List-Il</b>
|
| 1. Revealed Preference hypothesis
| (i) A. Bergson
|
| 2. Quasi rent
| (ii) B.S. Minhas
|
| 3. Elasticity of substitution
| (iii) A. Marshall
|
| 4. Social welfare function
| (iv) P.A. Samuelson
|
- 1-(iii), 2-(i), 3-(ii), 4-(iv)
- 1-(iv), 2-(iii), 3-(ii), 4-(i)
- 1-(iv), 2-(i), 3-(ii), 4-(iii)
- 1-(ii), 2-(iii), 3-(iv), 4-(i)