Model Questions for Scientific Assistant (IMD) Exam (Paper-1) Indian Economy - Set 44

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

1. If the tax rate increases the higher level of income, it shall be called –

(a) Proportional tax
(b) Programme tax
(c) Lump sum tax
(d) Regressive tax

2. What is weeded for creating demand?

(a) Production
(b) Price
(c) Income
(d) Inflation

3. Laissez-faire in feature of-

(a) Socialism
(b) Communism
(c) Capitalism
(d) Mixed economy

4. What are ‘open market operations’?

(a) Activities of SEBI – registered brokers
(b) Selling of currency by the RBI
(c) Selling of gilt-edged rewritten by the govt.

5. Rate of interest in determined by

(a) The rate of netwin on the capital inverted
(b) Central Government
(c) Liquidity preference
(d) Commercial Banks

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6. When the price of a commodity falls, we can expect?

(a) The supply of it to increase
(b) The demand for it to fall
(c) The demand for it to stay constant
(d) The demand for it to increase

7. Which among the following is an asset for a commercial Bank?

(a) Credit to farmers
(b) Deposit of public
(c) Borrowing from RBI
(d) Demand deposits of industries

8. The Banks are required to maintain a certain ratio between their cash in hand & total assets. This is called

(a) SLR
(b) CBR
(c) SBR
(d) CRR

9. When was the NABARD formed?

(a) 1952
(b) 1962
(c) 1982
(d) 1992

10. A rolling plan refer to a plan which-

(a) does not change its targets every year
(b) changes its allocation every year
(c) changes its allocation & targets every year
(d) changes only its target every year

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Answer

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