Model Questions for Scientific Assistant (IMD) Exam (Paper-1) Indian Economy - Set 42

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

1. The earnings of India from diamond export is quite high. Which one of the following factors has contributed to it?

(a) pre-independence stock-piling of diamonds in the country which are now exported
(b) large production of industrial diamonds in the country
(c) expertise available for cutting and polishing of imported diamonds which are then exported
(d) as in the past, India produces huge quantity of gem diamonds which are exported

2. The Employment Guarantee Scheme, a rural work programme, was first started in

(a) West Bengal
(b) Punjab
(c) Kerala
(d) Maharashtra

3. The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of

(a) growth of population
(b) increase in price level
(c) growth of money supply
(d) increase in the wage rate

4. The growth rate of which one of the following sectors has very low employment elasticity?\

(a) manufacturing
(b) construction
(c) financial services
(d) mixed farming

5. The latest regional economic bloc to be formed is

(a) ASEAN
(b) COMECON
(c) APEC
(d) NAFTA

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6. The main function of the IMF is to

(a) manage international deposits from banks
(b) help to solve balance of payments problems of member countries
(c) act as a private sector lending arm of the World Bank
(d) finance investment loans to development countries

7. The main reason for low growth rate in India, in spite of high rate of savings and capital formation is

(a) high birth rate
(b) low level of foreign aid
(c) low capital/output ratio
(d) high capital/output ratio

8. The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year (1997)

(a) 1991 to 92
(b) 1992 to 93
(c) 1995 to 96
(d) 1996 to 97

9. The most appropriate measure of a country’s economic growth is its

(a) Gross Domestic Product
(b) Net Domestic Product
(c) Net National Product
(d) Per Capita Real Income

10. The Narasimham Committee for financial Sector Reforms has suggested reduction in

(a) SLR and CRR
(b) SLT, CRR, and Priority Sector Financing
(c) SLT and financing to capital goods sector
(d) CRR, Priority Sector financing, and Financing to capital goods sector

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Answer

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