Model Questions for Scientific Assistant (IMD) Exam (Paper-1) Indian Economy - Set 41

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

1. Since 1980, the share of the tertiary sector in the total GDP of India has

(a) shown an increasing trend
(b) shown a decreasing trend
(c) remained constant
(d) been fluctuating

2. Some time back, the Government of India, decided to delicense ‘white goods’ industry, ‘white goods’ include

(a) stainless steel and aluminium utensils
(b) milk and milk products
(c) items purchased for conspicuous consumption
(d) soaps, detergents and other mass consumption goods

3. The accounting year of the Reserve Bank of India is

(a) April-March
(b) July-June
(c) October-September
(d) January-December

4. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

(a) 15 to 20 per cent
(b) 20 to 25 per cent
(c) 25 to 30 per cent
(d) 30 to 35 per cen

5. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

(a) 15 to 20 per cent
(b) 20 to 25 per cent
(c) 15 to 30 per cent
(d) 30 to 35 per cent

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6. The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called

(a) SBR (Statutory Bank Ratio)
(b) SLR (Statutory Liquid Ratio)
(c) CBR (Central Bank Reserve)
(d) CLR (Central Liquid Reserve)

7. The concept of joint sector implies cooperation between

(a) public sector and private sector industries
(b) State Government and Central Government enterprises
(c) domestic and foreign industries
(d) none of these

8. The currency of the European Monetary Union is

(a) Dollar
(b) Euro
(c) Guilder
(d) Mark

9. The current price index (base 1960) is nearly 330. This means that

(a) all items cost 3-3 times more than what they did in 1960
(b) the prices of certain selected items have gone up to 3-3 times
(c) weighted mean of prices of certain items has increased 3-3 times
(d) gold price has gone up 3-3 times

10. The earlier name of WTO was

(a) UNCTAD
(b) GATT
(c) UNIDO
(d) OECD

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Answer

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