Model Questions for Scientific Assistant (IMD) Exam (Paper-1) Indian Economy - Set 40

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

1. In which one of the following crops international trade is low in the context of total produce?

(a) rice
(b) coffee
(c) rubber
(d) wheat

2. Most Favoured Nations (MFN) clause under GATT implies

(a) most favour to some countries
(b) most favour to all countries
(c) no favour to any country
(d) no favour to some countries

3. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

(a) 1997
(b) 1998
(c) 1999
(d) 2000

4. National Income is the

(a) Net National Product at market price
(b) Net National Product at factor cost
(c) Net Domestic Product at market price
(d) Net Domestic Product at factor cost

5. Nobel Prize in Economics for the year 1997 was awarded for contribution in the area of

(a) International Economics
(b) Financial Economics
(c) Public Economics
(d) Development Economics

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6. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that

(a) investment pattern has been directed towards capital intensive industries
(b) productivity in agriculture has been high enough to induce people to stay with agriculture
(c) Ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
(d) People are largely unaware of the significance of transition from agriculture to industry for economic development

7. Persons below the poverty line in India are classified as such based on whether

(a) they are entitled to a minimum prescribed food basket
(b) they get work for a prescribed minimum number of days in a year
(c) they belong to agricultural labourer household and the scheduled caste/ tribe social group
(d) their daily wages fall below the prescribed minimum wages

8. Arrange put the main sources of revenue of the Central Government in ascending order of importance.

A. Income tax
B. Corporate tax
C. Customs
D. Excise duties

Choose your answer from the following codes.

(a) A, B, C, D
(b) C, B, D, A
(c) D, C, A, B
(d) D, C, B, A

9. Resurgent India Bonds were issued in US dollar, Pound Sterling, and

(a) Japanese Yen
(b) Deutsche Mark
(c) Euro
(d) French Franc

10. The schemes of Urban Micro-Enterprises, Urban Wage Employment and Housing, and Shelter Upgradation are part of

(a) Integrated Rural Development Programme
(b) Nehru Rozgar Yojana
(c) Jawahar Rozgar Yojana
(d) Prime Minister’s Rozgar Yojana

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Answer

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