Economy : Mock Papers

Mock Question Paper 5

Q1. 'Interest Rate Policy' is a component of

A. Fiscal Policy
B. Monetary Policy
C. Trade Policy
D. Direct control

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Q2. The minimum Alternative Tax (MAT) was introduced in the budget of the government of India for the year

A. 1991-92
B. 1992-93
C. 1995-96
D. 1996-97

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Q3. The goals fo monetary policy do not include

A. Price stability
B. Maximum tax revenue
C. Full employment
D. Maximum output

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Q4. Who is called the father of Economics?

A. J.M. Keynes
B. Malthus
C. Ricardo
D. Adam Smith

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Q5. Seasonal unemployment refers to

A. Banks
B. Agriculture
C. Public Sector
D. Private Sector

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Q6. In the short run, a producer continues his production as long as he covers

A. Variable cost
B. Fixed cost
C. Average Cost
D. Marginal Cost

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Q7.Which of the following is not a characteristic of monopolistic competition?

A. Relatively large number of firms
B. Differentiated Product
C. Non-existent industry supply curve
D. Substantial economics of sale

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Q8. The term 'Dunkel Proposals' is associated with

A. Our national Education Policy
B. Out National Economy
C. National Human Rights Commission
D. None of these

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Q9. Which year is known as 'Year of the Great Divide' with regard to population growth in India?

A. 1921
B. 1935
C. 1947
D. 1951

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Q10. Credit is a

A. Stock Concept
B. Fiscal Policy
C. A stock-flow Concept
D. None of these

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Q11. At present which is the largest company in India from point of view of the market capitalization?

A. Infosys Technologies
B. Reliance industries
C. Hindustan Lever Ltd.
D. WIPRO Ltd.

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Q12.Who among the following is the promoter of the second giant steel plant launched in Orissa?

A. J.R.D. Tata
B. Swaraj Paul
C. Manu Chhabria
D. P.D. Hinduja

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Q13. India's oldest iron and steel industry is

A. Tisco at Jamshedpur
B. Risco at Burnpur
C. Durgapur Iron and Steel Plant
D. Rourkela Iron and Steel Plant

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Q14. Which of the following industries from the private sector was the first one to enter the European market with Euro-issue?

A. Birla Yamaha Ltd.
B. TISCO Ltd.
C. Reliance Industries
D. Essar Gujarat Ltd.

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Q15. Which industry in India was worst affected because of the partition?

A. Paper and Iron
B. Jute and Cotton
C. Cotton and Sugar
D. Engineering and Cement

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Q16. Which of the following increases continuously with the increas in production of an Industrial concern?

A. Fixed cost
B. Variable cost
C. Average cost
D. Marginal cost

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Q17. Which of the following Industries was started first in India?

A. Cotton
B. Paper
C. Tea
D. Jute

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Q18. Which of the followig institutions providing finance to the industrial sector was the first to be set up?

A. Industrial Development Bank of India
B. Industrial Finance Corporation of India
C. Industrial Reconstruction corporation of India
D. Industrial Credit and Investment Corporation of India

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Q19. In which of the following industries is the maximum number of women employed in India?

A. Textile
B. Jute
C. Tea
D. Coal

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Q20. Which of the following is the largest (in terms of profit) Public sector organisation in India?

A. Bharat Heavy Electricals
B. Bharat Petroleum
C. Steel Authority of India
D. Oil and Natural Gas Commission

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Q21. Which of the following measures is most necessary for the use of modern farm implementation?

A. Consolidation of holdings
B. Marketing facilities
C. Cooperative Societies
D. Irrigation Facilities

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Q22. Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development?

A. RBI
B. SBI
C. NABARD
D. CBI

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Q23. The largest irrigation canal in India is called the

A. Yamuna Canal
B. Sirhand Canal
C. Indira Gandhi Canal
D. Upper Bari Doab Canal

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Q24. What is Land ceiling?

A. To fix urban land holdings at the existing level
B. To fix rural land holdings a the existing level
C. To fix the quantum of land held by a family
D. To fix land area for irrigation purposes

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Q25. Which of the following agricultural holdings have the largest percentage in India?

A. Large holdings
B. Small holdings
C. Medium holdings
D. Marginal holdings

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Q26. Sub-division and fragmentation of land resulted in

A. Destruction of enterprise
B. Uneconomic holdings
C. Enormous wastage of land owing to boundaries
D. All of the above

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Q27. Which of the following is not a programme under rural development?

A. NREP
B. RDCI
C. IRDP
D. TRYSEM

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Q28. Which of the following is associated with the consultancy buisness, in the transport sector of the Government of India?

A. IRCON
B. IFCI
C. RITES
D. CONCOR

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Q29. Which of the following is not included in the 'Minimum Needs Programme'?

A. Adult education
B. Rural electrification
C. Rural water Supply
D. Unemployment allowance

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Q30. Under which of the following schemes, the money of the applicant, applying for shares, would be enchased from his account only to the extent he is successful in obtaining allotment of shares?

A. Stock invest
B. New Shares scheme
C. Stock and shares
D. None of these

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