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Socio-Economic Environment - 2

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On the basis of Global Peace Index, which country tops the list of the most peaceful nations in the world?

  1. Japan

  2. Denmark

  3. Norway

  4. New Zealand


Correct Option: C

The Public Sector in India is a dominant player in

  1. public transport

  2. steel production

  3. commercial banking

  4. chemicals and fertilizers


Correct Option: A

The number of approved share markets in India is

  1. 19

  2. 20

  3. 23

  4. 24


Correct Option: D

OTCEI is

  1. a commodity market

  2. an export house

  3. an Indian share market

  4. an exchange rate regulating agency


Correct Option: C

What is the primary purpose of taxation?

  1. Meet common needs of the taxpayers

  2. Help economic growth

  3. Redistribution of wealth

  4. Run the state machinery


Correct Option: D

The modern Indian economy is best characterised by

  1. capital intensive mode of production

  2. labour intensive mode of production

  3. market oriented mode of production

  4. self-sufficient village system


Correct Option: C

Who became the chairman of SEBI (Securities and Exchange Board of India) in Dec. 2010?

  1. M. Damodaran

  2. C. B. Bhave

  3. Venugopal Dhoot

  4. Upendra Kumar Sinha


Correct Option: D

An effective short term measure to check inflation is to

  1. keep budgetary deficit under check

  2. streamline public distribution system

  3. enhance production of all consumer goods

  4. enhance production of essential goods


Correct Option: A

What best describes the structure of income tax in India?

  1. Indirect and progressive

  2. Direct and proportional

  3. Direct and progressive

  4. Indirect and proportional


Correct Option: C

Who is credited the most for Green Revolution in India?

  1. Kurien Verghese

  2. Abdus Salaam

  3. V. K. R. V. Rao

  4. M. S. Swaminathan


Correct Option: D

Ad valorem is a tax on

  1. price

  2. value added

  3. commercial transactions

  4. industrial output


Correct Option: A

Voluntary Disclosure of Income Scheme (VDIS) became operative between

  1. 1.4.93 to 31.12.93

  2. 1.4.94 to 31.3.95

  3. 1.7.96 to 31.3.97

  4. 1.7.97 to 31.12.97


Correct Option: D

Which pair is not correct?

  1. SIDBI - Micro credit

  2. RBI - Banker's bank

  3. IDBI - Industrial finance

  4. EXIM Bank - Financial assistance to commercial institutions


Correct Option: D

The headquarters of Asian Development Bank (ADB) is at....

  1. Singapore

  2. Manila

  3. Hong Kong

  4. Tokyo


Correct Option: B

As per the Budget Estimates 2010-11, fiscal deficit as a percentage of GDP was

  1. 4.5%

  2. 5%

  3. 5ยท5%

  4. 6%


Correct Option: C

Which of the following are the reason(s) for slow growth of per capita income in India?

  1. High capital-output ratio
  2. High growth of population
  3. Low capital formation
  4. High level of fiscal deficits
  1. 1, 2, 3

  2. 2, 3, 4

  3. 2, 4

  4. All of the Above


Correct Option: A

The National Income of a country can be estimated by the

  1. income method

  2. value - added method

  3. expenditure method

  4. All of these


Correct Option: D

Which sector contributes the most to Gross Domestic Savings in India?

  1. Household sector

  2. Government sector

  3. Corporate sector

  4. Service sector


Correct Option: A

NABARD is ____.

  1. a bank

  2. a board

  3. a block

  4. a department


Correct Option: A

Which pair is not correct?

  1. Rekhi Committee-Simplification of Export and Import

  2. Nanjundappa Committee-Railway fare

  3. Rangrajan Committee-Balance of Payment

  4. Goiporia Committee-Banking Service Improvements


Correct Option: A
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