Model Questions for Scientific Assistant (IMD) Exam (Paper-1) Indian Economy - Set 39

Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.

1. Fiscal deficit in the Union Budget means

(a) the sum of budgetary deficit and net increase in internal and external borrowings
(b) the difference between current expenditure and current revenue
(c) the sum of monetized deficit and budgetary deficit
(d) net increase in Union Government’s borrowings from the Reserve Bank of India

2. Five-Year Plan in India is finally approved by

(a) Union Cabinet
(b) President on the advice of Prime Minster
(c) Planning Commission
(d) National Development Council

3. From the balance sheet of a company, it is possible to

(a) judge the extent of profitability of the company
(b) assess the profitability and size of the company
(c) determine the size and composition of the assets and liabilities of the company
(d) determine the market share, debts, and assets of the company

4. Gilt-edged market means

(a) bullion market
(b) market of government securities
(c) market of guns
(d) market of pure metals

5. Global capital-flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and Latin American experience, which type of inflow is good for the host country?

(a) Commercial loans
(b) Foreign Direct Investment
(c) Foreign Portfolio Investment
(d) External Commercial Borrowings

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6. In India the public sector is the most dominant in

(a) steel production
(b) organized term-ending financial institution
(c) transport
(d) commercial banking

7. In India, inflation is measured by the

(a) Wholesale Price Index number
(b) Consumers Price Index for urban non-manual workers
(c) Consumers Price Index for agricultural workers
(d) National Income Deflation

8. In India, the first bank of limited liability managed by Indians and founded in 1881 was

(a) Hindustan Commercial Bank
(b) Oudh Commercial Bank
(c) Punjab National Bank
(d) Punjab and Sind Bank

9. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

(a) chemicals other than fertilizers
(b) services sector
(c) food processing
(d) telecommunication

10. In the year 2001, the Prime Minister announced a 5-year excise duty holiday for industries in

(a) cyclone-prone coastal Andhra Pradesh
(b) border states of northeast
(c) earthquake-ravaged Kutch district
(d) recently formed states of Chhattisgarh and Jharkhand

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Answer

1. (a) 2. (d) 3. (c) 4. (b) 5. (b) 6. (c) 7. (a) 8. (b) 9. (d) 10. (c)