MAHA SET 2019 Question Paper 2 Economics

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A
ECONOMICS
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2

Economics
Paper II

II
Time Allowed : 120 Minutes] [Maximum Marks : 200
Note : This Paper contains Hundred (100) multiple choice questions. Each question
carrying Two (2) marks. Attempt All questions.
(100) (2)

1. Consider the pair of goods X and Y. 1.
It is observed that when price of Y
falls the demand for X rises. Which
one of the following options would
you choose regarding the nature of
these goods ? (A)
(A) They are complementary goods
(B)
(B) They are substitute goods
(C)
(C) They are giffen goods
(D) They are inferior goods (D)
2. Read the following statements and 2.
find out if they are correct or
incorrect :
(i)
(i) When average total cost in the
short run is at its minimum, the
corresponding marginal cost is
also minimum. (ii)
(ii) The average fixed cost during
the short run is U shaped curve.
(A)
(A) Both are correct
(B) (i) (ii)
(B) (i) is correct, (ii) is incorrect
(C) Both are incorrect (C)
(D) (i) is incorrect, (ii) is correct (D) (i) (ii)

3 [P.T.O.

3. Uncertainty influences the 3.

estimation of costs, revenues and
hence the ...............

(A) profits of the firm (A)

(B) decisions of the firm (B)

(C) investments of the firm (C)

(D) insurance policy of the firm (D)

4. A ........... game is one in which it is 4.

not possible to commit to strategies.

(A) Co-operative (A)

(B) Non-co-operative (B)

(C) Zero sum (C)

(D) Competitive (D)

5. Under Cournot duopoly model, the 5.
equilibrium price is ................

(A) indeterminate (A)

(B) equal to competitive price (B)

(C) equal to monopoly price (C)

(D) more than competitive price (D)
and less than monopoly price

4

6. The backward bend in the shape of 6.

supply curve of labour is caused

by :

(A) cost of labour (A)

(B) attitude of individuals towards (B)

work and leisure

(C) demand for labour (C)

(D) factor market (D)

7. According to Dorfman, Samuelson 7.

and Solow, general equilibrium

analysis becomes .................... if it is

not known whether an economic

system can attain a general

equilibrium.
(A)
(A) Practically useless

(B)
(B) Practically useful

(C)
(C) Perfectly applicable

(D) Impossible (D)

5 [P.T.O.

8. According to the Kaldor-Hicks 8.
compensation criterion, a change in
economic policy leads to an
improvement in social welfare if
...........
(A)
(A) The losers do not oppose the
change

(B) The gainers can just (B)

compensate the losers

(C) The gainers can compensate the
(C)
losers for their loss and still
remain better-off themselves
than before

(D) The gainers and losers get
(D)
compensation from the
government

9. Moral hazards are also a result 9.
of ...................

(A) Symmetric information (A)

(B) Lack of information (B)

(C) Asymmetric information (C)

(D) Perfect information (D)

6

10. Social welfare function was first 10.
introduced by :

(A) Adam Smith (A)

(B) Joan Robinson (B)

(C) Nicholas Kaldor (C)

(D) Bergson (D)

11. Which of the following is neither a 11. IS LM
determinant of the slope of IS curve
nor of the LM curve ?

(A) Elasticity of interest rates to
investment (A)
(B) Elasticity of money demand to
(B)
income

(C) Elasticity of demand to interest
rate (C)
(D) Elasticity of income to
(D)
investment

12. To achieve a rise in income of ` 500 12. ` 500
crores given that the marginal 0.2
propensity to save (MPS) as 0.2, how
much autonomous investments are
needed in the Keynesian model ?
(A) ` 100
(A) ` 100 crores
(B) ` 1000
(B) ` 1000 crores
(C) ` 400
(C) ` 400 crores

(D) ` 500 crores (D) ` 500

7 [P.T.O.

13. In an economy, high powered money 13.
is equal to :

(A) Monetary liabilities of central
(A) +
bank + government money

(B) Monetary liabilities of central
bank – government money (B) –

(C) Monetary liabilities of central
bank + foreign exchange
(C) +
reserves

(D) Monetary liabilities of central
(D) –
bank – foreign exchange
reserves

14. According to the Rational 14.
Expectations Hypothesis, there is no
trade off between inflation and
unemployment because :
(A)
(A) Wages are rigid downwards
(B)
(B) Prices are rigid downwards
(C)
(C) People anticipate changes in
money supply and accordingly
adjust the prices and wages

(D) People make biased forecasts (D)
about the future of economy
based on available information

8

15. Gross National Product = Gross 15. =

Domestic Product + .............. +

(A) Depreciation (A)

(B) Inflation (B)

(C) Net factor incomes from abroad (C)

(D) Factor costs (D)

16. The Non-Accelerating Inflation Rate 16.

of Unemployment (NAIRU) is (NAIRU)

defined as :
(A)

(A) Inflation rate is always zero
(B)
(B) Actual inflation rate exceeds the

expected inflation rate

(C)
(C) Actual inflation rate is less than

the expected inflation rate

(D) Actual inflation rate equals the (D)

expected inflation rate

9 [P.T.O.

17. The total consumption divided by 17.
the total income is known as ..........

(A) Average propensity to consume (A)
(B) Marginal propensity to consume (B)
(C) Marginal propensity to save (C)
(D) Average propensity to save (D)
18. Stagflation is a period of ............ 18.
(A) High inflation and high
unemployment
(A)
(B) High inflation
(B)
(C) High unemployment
(C)
(D) Low inflation and high
unemployment (D)

19. If the economy is in expansaionary 19.
phase of business cycle, aggregate
demand is likely to be ..............,
unemployment is likely to be ............,
inflation is likely to be ............ and
the current account balance of
payments likely to be moving
towards .............. (A)
(A) rising, falling, rising, deficit
(B)
(B) static, low, rising, deficit
(C)
(C) falling, falling, falling, surplus

(D) falling, rising, falling, surplus (D)

10

20. The investment demand curve 20.
shows the relationship between the
following two variables :
(A)
(A) Investment and consumption
(B) Consumption and interest rate (B)
(C) Investment and interest rate
(C)
(D) Investment and demand for
goods (D)
21. Logit and Probit models are used to 21.
analyze data that are :
(A) Binary
(A)
(B) Continuous
(B)
(C) Missing
(C)
(D) Used to analyze business cycles
exclusively (D)
22. If X1, X2, .........., Xn is a random 22. X1, X2, ............, Xn µ
sample from a normally distributed 2
population with mean µ and variance
2 , then the following follows a
standard normal distribution :
(Standard normal)
X u
(A) 2
X u
(A) 2
2
(X u)
(B) 2
(X u)2
(B) 2
2
2
(C)
(X u)2 (C)
(X u)2
X u X u
(D) (D)
/ n / n

11 [P.T.O.

23. Suppose Yi = + Xi + ei is a linear 23. Yi = + Xi + ei
regression model. Goldfeld-Quandt
test is a test of :
(A) Autocorrelation
(A)
(B) Data mistakes
(B)
(C) Heteroscedasticity
(C)
(D) Correlation between X and Y
(D) X
24. The following is the formula for 24.
Pearson’s coefficient of correlation :
Covariance(X, Y) Covariance(X, Y)
(A)
X Y (A)
X Y
Covariance(X, Y) Covariance(X, Y)
(B) 2 2
(B)
X Y 2 2
X Y
2
X 2
(C) 2
Covariance(X, Y) X
Covariance(X, Y)
Y (C) 2
Y
2 2
(D) Covariance(X, Y) 2 2
X Y (D) X Covariance(X, Y) Y
25. If Y1 Xi ei is a linear
25. Y1 Xi ei
regression model and there is serial
correlation among the error terms,
then :
(A) ˆ ˆ
(A) OLS estimators are unbiased
and efficient
(B) OLS estimators are unbiased ˆ
(B) ˆ
but not efficient
(C) OLS estimators are wrong
(C) ˆ ˆ
(D) OLS estimators cannot be
(D) ˆ ˆ
calculated

12

x3 x3
26. Let y . What is the limit 26. y y
( x2 1) (x2 1)

of y as x 1 ? x 1

(A) 2 (A) 2

(B) 0 (B) 0

(C) 1 (C) 1

(D) 3 (D) 3

2 1 2 1
27. If A = , what would be the 27. A= ,
0 2 0 2

value of determinant A ?

(A) 4 (A) 4

(B) 2 (B) 2

(C) 0 (C) 0

(D) 1 (D) 1

28. In a static optimization problem 28.
with an equality constraint, the
Lagrange multiplier, is :
(A)
(A) Always less than zero
(B)
(B) Greater than zero
(C)
(C) Always zero

(D) All the above (D)

13 [P.T.O.

2 1 0 2 1 0

29. Suppose A= 0 2 0 while 29. A= 0 2 0 ,

1 1 1 1 1 1

2 0 1 2 0 1

B= 0 0 1 . Then what would B= 0 0 1 A – B
0 1 1 0 1 1

be A – B ?

0 1 1 0 1 1

(A) 0 2 1 (A) 0 2 1

1 0 0 1 0 0

2 0 0 2 0 0

(B) 1 1 1 (B) 1 1 1

1 0 1 1 0 1

2 1 1 2 1 1

(C) 1 2 1 (C) 1 2 1

1 0 0 1 0 0

2 0 0 2 0 0
(D) 0 1 0 (D) 0 1 0

0 0 0 0 0 0

14

2 1 2 1
30. If A = 30. A= A
, the characteristic
,
1 2 1 2
(Characteristic roots)
roots of A are :

(A) (1, 1)
(A) (1, 1)
(B) (1, 3) (B) (1, 3)
(C) (–1, –3) (C) (–1, –3)

(D) (–1, –1) (D) (–1, –1)

31. Let y K L be the Cobb-Douglas 31. y K L
production function. Then,
measures :
(A)
(A) Elasticity of output with respect
to labour (B)

(B) Elasticity of output w.r.t. capital

(C) Marginal product of labour (C)

(D) Marginal product of capital (D)

32. Identify the non-tariff barrier from 32.
the following :

(A) Ad valorem duty (A)

(B) Specific duty (B)

(C) Compound duty (C)

(D) Voluntary export restraint (D)

15 [P.T.O.

33. Dumping aims at flooding foreign 33.

country with ................

(A) High priced goods (A)

(B) Low priced goods (B)

(C) Specialized goods (C)

(D) Monopoly goods (D)

34. The managed float was formally 34.

recognized in ...............

(A) Geneva Accord (A)

(B) Jamaica Accord (B)

(C) Washington Accord (C)

(D) London Accord (D)

35. Tariff on agricultural and industrial 35.

goods imposed by US during great

depression is commonly known as :
(A)
(A) The Smoot-Hawley Tariff
(B)
(B) The Smith-Hawley Tariff
(C)
(C) Herbert-Hoover Tariff
(D)
(D) The Johnson-Hawley Tariff

16

36. Factor price equalization theorem 36.

propounded by Heckscher states that

factor prices in two countries get

equalized in the long-term due

to ..................

(A) difference in opportunity cost (A)

(B) comparative advantage
(B)

(C) free trade based on comapara-
(C)
tive advantages

(D) absolute advantage (D)

37. Mercantilism was based on the 37.

ideology of ................

(A) Rapid industrialization (A)

(B) Economic nationalism (B)

(C) Free trade (C)

(D) Economic expansionism (D)

17 [P.T.O.

38. When a country can import more 38.

with a given quantity of exports, the
terms of trade are said to be ...............

(A) deteriorating terms of trade (A)

(B) improving terms of trade (B)

(C) income terms of trade (C)

(D) double factor terms of trade (D)

39. Converting your local financial 39.
assets into foreign financial assets
at the market determined exchange
rate is called ............

(A) Reserve Account (A)

(B) American Depository Receipts (B)

(C) Capital Account Convertibility (C)

(D) Current Account Convertibility (D)

40. IMF’s changed outlook on putting 40.
back the controls on capital account
came after :
(A)
(A) The subprime crisis
(B)
(B) Greece debt crisis

(C) South-East Asian Crisis (C)

(D) Oil crisis (D)

18

41. Edgeworth Box allows the study of 41.

the intersection of :

(A) two individuals trading two
(A)

different goods

(B) two individuals trading one
(B)
good
(C)
(C) one individual trading two

different goods

(D) two countries trading two sets (D)

containing several goods

42. To service public debt .............. must 42.

be paid.

(A) fees (A)

(B) fine (B)

(C) interest (C)

(D) tax (D)

19 [P.T.O.

43.
43. A domestically held public debt is

the debt that ............... (A)

(A) we owe to the World Bank
(B)
(B) we owe to the Central Bank

(C) we owe to Government (C)

(D) we owe to ourselves (D)

44. Public debt accumulation may be so 44.

drastic as to lead to ............

(A) fiscal breakdown (A)

(B) loss of profit in the public sector (B)

(C) loss of revenue (C)

(D) break-even point (D)

45. According to the principle of 45.
intergenerational equity, the burden

of today’s public expenditures must
be borne by ............
(A)
(A) Present Generation
(B)
(B) Government
(C)
(C) Future Generation

(D) Central Bank (D)

20

46. Government needs to follow the 46.
ethical principle of .............. while
resorting to public debt.
(A)
(A) Frugality
(B)
(B) Equality
(C)
(C) Efficiency

(D) Intergenerational equity (D)

47. Ideally public capital formation 47.
should be financed with the help
of :
(A)
(A) loan
(B)
(B) borrowing from foreign markets

(C) borrowing from IMF (C)

(D) Tax collected (D)

48. Rising public expenditure leads to 48.
increase in the rate of interest
resulting in :
(A)
(A) Crowding out of private
investment
(B)
(B) Crowed in of private investment

(C) Market failure (C)

(D) Government failure (D)

21 [P.T.O.

49. Which of the following is not a public 49.
utility ?

(A) Water supply (A)

(B) Electricity (B)

(C) Entertainment (C)

(D) Energy (D)

50. The counterpart of benefit 50.
externalities is ...........
(A)
(A) average costs
(B)
(B) total costs

(C) internal costs (C)

(D) external costs (D)

51. Efficiency in production requires 51.
that :
(A)
(A) marginal rates of substitution
are unequal to all consumers

(B) marginal rates of technical (B)
substitution are unequal to all
firms

(C) marginal rates of substitution (C)
are equal to all consumers

(D) marginal rates of technical
(D)
substitution are equal to all
firms

22

52. If the firm has both monopolistic
52.
power in the product market and

monopolistic power in the input

market then the factor is paid a

price ..................

(A) Equal to its Marginal Revenue

Product (MRP) (A)

(B) Less than its Marginal Revenue

Product (MRP) (B)

(C) Greater than its Marginal

Revenue Product (MRP) (C)

(D) Equal to its Value of Marginal
(D)
Product (VMP)

53. The concept of revenue neutral rate 53.
of tax becomes relevant in the case

of :
(A)
(A) change in tax base
(B)
(B) a new tax replacing an existing

one

(C) an old tax being discarded (C)

(D) change in tax structure (D)

23 [P.T.O.

54. All scheduled banks in India are 54.
included in the ................ schedule of
the Reserve Bank Act and they are
expected to keep cash reserves of
equal to .............. percent of their
deposit liabilities.
(A) , 3
(A) Seventh, 3
(B) , 3
(B) Second, 3
(C) , 2
(C) Seventh, 2

(D) Third, 5 (D) ,5

55. The Origin of Development Banks 55.
can be found in .......... in the year ..........

(A) France, 1789 (A) , 1789

(B) U.S.A., 1776 (B) , 1776

(C) Germany, 1832 (C) , 1832

(D) Belgium, 1822 (D) , 1822

56. Indian Monetary Policy based on 56.
monetary targeting was
recommended by ............
(A)
(A) Rangarajan Committee

(B) R. Gandhi Committee (B)

(C) Khusro Committee (C)

(D) Chakravarty Committee (D)

24

57. What was the major drawback of 57. 1965
Credit Authorization Scheme
practised by RBI in 1965 ?

(A) It led to industrial monopolies (A)
(B) It resulted into more industrial
(B)
sickness
(C)
(C) It led to credit starvation
(D)
(D) It led to huge administrative
delays

58. One of the major differences between 58.
Bills of Exchange and Promissory
Note is that :

(A) Bills of Exchange are for short- (A)
term while Promissory Note is
for long-term

(B) Bill of Exchange has three (B)

parties while Promissory Note
has only two parties

(C) Bills of Exchange are issued by (C)

central bank while Promissory
Notes are issued by commercial
banks

(D) Bills of Exchange are illegal (D)
while Promissory Notes are
legal in nature

25 [P.T.O.

59. Which of the following is not a form 59.

of mortgage ?
(A)
(A) Simple mortgage
(B)
(B) English mortgage
(C)
(C) Partial mortgage

(D) Anomalous mortgage (D)

60. The RBI appointed a committee 60.
under the chairmanship of S.S.

Tarapore to seek recommendations

on which of the following ?
(A)
(A) Restructuring of SBI
(B)
(B) Recovery of NPAs

(C) Convertibility of rupee (C)

(D) Implementation of Basel norms (D)

61. Basel III conditions, as applied to 61. III

Indian banks deal with :

(A) Bank capital structure (A)

(B) NPAs of banks (B)

(C) Profitability of banks (C)

(D) Aggregate bank loans (D)

26

62. Identify the statement that is not 62.

correct :
(A) 1949
(A) RBI was nationalized in 1949

(B) C.D. Deshmukh was the first
(B)
Indian to hold the post of

Governor of RBI

(C) RBI is the custodian of Foreign (C)
Exchange Reserves of India

(D) Raghuram Rajan succeeded
(D)
Urjit Patel as the Governor of

RBI

63. SARFAESI Act (2002) in India deals 63. SARFAESI (2002)

with which of the following ?

(A) Merger and acquisition of banks
(A)
(B) Restructuring of cooperative
(B)
banks

(C) Bank Recapitalization (C)

(D) Recovery of NPAs. (D)

27 [P.T.O.

64.
64. Which of the following statements

about Reserve Bank of India is not

true ? (A)

(A) RBI is the central bank of

India
(B)
(B) RBI moulds the monetary policy

of India
(C)
(C) RBI moulds the fiscal policy of

India

(D) RBI is both the bankers’ bank (D)

and Government’s bank

65. Which of the following is not among 65.
the five associate banks that have

been merged with State Bank of

India ?

(A) State Bank of Bikaner and (A)

Jaipur
(B)
(B) State Bank of Hyderabad
(C)
(C) State Bank of Punjab

(D) State Bank of Mysore (D)

28

66. Match the following : 66.

Nobel Prize Winner

(a) Amartya Sen (a)

(b) Richard Thaler (b)

(c) Paul Krugman (c)

(d) Robert Lucas (d)

Field/Area

(i) Behavioural Economics (i)

(ii) Development Economics (ii)

(iii) Welfare Economics (iii)

(iv) International Trade (iv)

Codes :

(a) (b) (c) (d) (a) (b) (c) (d)

(A) (i) (ii) (iii) (iv) (A) (i) (ii) (iii) (iv)

(B) (ii) (iii) (iv) (i) (B) (ii) (iii) (iv) (i)

(C) (iv) (ii) (i) (iii) (C) (iv) (ii) (i) (iii)

(D) (iii) (i) (iv) (ii) (D) (iii) (i) (iv) (ii)

29 [P.T.O.

67. According to Leibenstein, the 67.

favourable conditions in the path of

Economic Development are known

as : (A)

(A) Positive factors
(B)

(B) Incentives
(C)
(C) Capital

(D)
(D) Growth agents

68. According to Hicks, a neutral 68.

invention is when :

(A) It increases savings and invest-
(A)
ment in same proportions

(B) It raises marginal productivities

of labour and capital in the (B)

same proportion

(C) It develops agriculture and
(C)
industrial sector simul-

taneously

(D) It does not affect the economy (D)

30

69. Which of the following can be said 69.
as a major difference between
Harrod and Domar growth
models ? (A)
(A) Both have different
(B)
assumptions

(B) Harrod stresses on knife-edge
equilibrium while Domar does
(C)
not

(C) Harrod’s model is for advanced
countries while Domar model
focuses on backward countries
(D)
(D) Both use different notations for
marginal propensity to consume

70. The capital-turnover criterion of 70.
investment is associated with ............
these economists.

(A) Joan Robinson and W.W. (A)
Rostow
(B)
(B) J.J. Polak and N.S. Buchanon

(C) K. Kaldor and Rosenstein- (C)
Rodan
(D)
(D) Ragnar Nurkse and Hirschman
31 [P.T.O.

71. Theory of Big Push describes 71.

different kinds of .............

(A) Stimulants and shocks
(A)

(B) External economies and
(B)
indivisibilities

(C)
(C) Equilibrium traps

(D)
(D) Growth agents

72. The way income is distributed across 72.

individuals and households is

referred to as :
(A)
(A) Absolute inequality

(B)
(B) Relative inequality

(C) Vertical inequality (C)

(D) Horizontal inequality (D)

32

73. According to Hirschman ............. 73.
industry is having highest combined
linkage score ?
(A)
(A) Textiles
(B)
(B) Iron and Steel

(C) Energy (C)

(D) Agro-based industries (D)

74. Who has developed the theory of 74.

technological dualism ?

(A) J.H. Boeke (A)

(B) Benjamin Higgins (B)

(C) R.P. Nelson (C)

(D) Charles Kindleberger (D)

75. According to Rostow’s growth model 75.
............... stage is a watershed in the

life of a society ?

(A) Traditional society (A)

(B) Drive to maturity (B)

(C) Take-off (C)

(D) Age of high mass consumption
(D)

33 [P.T.O.

76. Which of the following economists 76.

have developed New Growth

Theory ?
(A)
(A) Romer, Lucas and Arrow
(B)
(B) Romer, Robinson and Kaldor

(C)
(C) Marx, Schumpeter and Keynes

(D) Romer, Schumpeter and Meade (D)

77. The basic needs approach to 77.

economic development consists of

..........

(A) Basic income and consumption (A)

(B) Provision of Minimum Wage
(B)

(C) Provision of health services,
(C)
education, housing sanitation,

water supply and adequate

nutrition
(D)
(D) Public distribution scheme

34

78. In which year the World 78.
Development Report had the theme
of ‘Challenge of Development’ ?
(A) 1990
(A) 1990
(B) 1991
(B) 1991
(C) 1999
(C) 1999

(D) 2000 (D) 2000

79. Which of the following says that the 79.
per capita income is maximum at a
particular level of population ?

(A) Malthusian Theory of Population
(A)
(B) Theory of Optimum Population
(B)
(C) Theory of Demographic
Transition (C)

(D) Harris-Todaro Model (D)

80. Name the state with the lowest death 80. 2011

rate according to Census 2011.

(A) West Bengal (A)

(B) Haryana (B)

(C) Bihar (C)

(D) Kerala (D)

35 [P.T.O.

81. Which of the following establishes 81.

the principle that energy can neither
be created nor destroyed ?
(A)
(A) Pigouvian Tax
(B)
(B) Coase theorem
(C)
(C) Tradeable permits
(D)
(D) First law of thermodynamics

82. What is the Environmental 82.

Economics ?
(A)
(A) The branch of Economics that

studies how environmental and

natural resources are developed

and managed

(B) The branch of Economics that
(B)
shows how to exploit natural

resources as quickly as possible

(C) The psychological study of

relationships between humans
(C)
and natural resources

(D) The relationship between

Economics and trade
(D)

36

83. Which of the following is a
83.

transboundry externality ?

(A)
(A) Pollution has an identifiable

source

(B) Pollution emissions in one
(B)

country or several countries

affect other countries without

pollution problems

(C) Pollution which emitted from (C)

many sources and it is

extremely difficult to identify

and monitor

(D) Pollution which can take the (D)

form of chemical substances or

energy such as noise, heat or

light

37 [P.T.O.

84. (i) The Population Policy 2000 had 84. (i) 2015
a long-term objective of 2000
achieving a stable population by
2015.
(ii)
(ii) The Population Policy 2000
aimed at achieving universal
immunization of children 2000

against all vaccine preventable
diseases.

What can you say about the above
statements ?
(A) (i) (ii)
(A) Statement (i) is correct but (ii)
is incorrect
(B) (ii) (i)
(B) Statement (ii) is correct but (i)
is incorrect

(C) Both (i) and (ii) are correct (C) (i) (ii)

(D) Both (i) and (ii) are incorrect (D) (i) (ii)

85. The abbreviation PPM stands for : 85. PPM

(A) Parts per million
(A)
(B) Production per million
(B)
(C) Parts per metric ton
(C)
(D) Production per metric ton
(D)

38

86. Why do large business corporations 86.

voluntarily reduce their pollution ?

(A) Some consumers are willing to (A)

pay more for Green Products

(B) Green investors may prefer to (B)

invest with socially responsible

firms

(C) Industries try to act first before (C)

government passes tougher

environmental laws

(D) All the above statements (D)

87. As per census 2011 data which state 87. 2011

in India has the maximum sex

ratio ?
(A)
(A) Chhattisgarh
(B)
(B) Karnataka
(C)
(C) Kerala
(D)
(D) Odisha

39 [P.T.O.

88. Which of the following is a non- 88.
renewable natural resource ?

(A) Fish and livestock (A)

(B) Petroleum (B)

(C) Human Resources (C)

(D) Teakwood plantations (D)

89. Demographic dividend refers to arise 89.
in population between the age group
of ................ years.
(A) 14 59
(A) 14 to 59
(B) 15 59
(B) 15 to 59
(C) 15 64
(C) 15 to 64

(D) 14 to 64 (D) 14 64

90. Which of the following ministries
90.
implements the Mid-day Meal
Scheme (MMS) ?

(A) Ministry of Women and Child
(A)
Development

(B) Department of Food and Public (B)
Distribution
(C)
(C) Planning Commission

(D) Ministry of Human Resource
(D)
Development

40

91. Which of the following criteria is 91. 2011

used to define an urban area as per

the census 2011 ?
?

(i) A minimum population of 5000.
(i) 5000

(ii) A density of population of at
(ii) 400
least 400 persons per sq.km.

(iii) At least 75 percent of the male
(iii) 75
working population engaged in

non-agricultural pursuits.

Which of the following is correct

answer using the codes given below :

(A) (i) and (ii) only (A) (i) (ii)

(B) (ii) and (iii) only (B) (ii) (iii)

(C) (i) and (iii) only (C) (i) (iii)

(D) (i), (ii) and (iii) (D) (i), (ii) (iii)

41 [P.T.O.

92. Which one of the following is not an 92.

indicator of the multidimensional

Poverty Index ?
(A)

(A) Health
(B)
(B) Education

(C)
(C) Living Standard

(D)
(D) Maternal Mortality

93. Deposit Insurance and Credit 93. (DICGC)

Guarantee Corporation (DICGC)

was established on .............
(A) 1 , 1978
(A) July 1, 1978

(B) 15 , 1978
(B) July 15, 1978

(C) August 15, 1978 (C) 15 , 1978

(D) October 2, 1978 (D) 2 , 1978

42

94. Who recommended to establish the 94.
‘Insurance Regulation Authority’ ?

(A) Dandekar Committee (A)

(B) Malhotra Committee (B)

(C) Khusro Committee (C)

(D) Rangarajan Committee (D)

95. Cryptocurrency refers to .............. 95.

(A) Plastic money (A)

(B) Digital/Virtual currency (B)

(C) Digital payments (C)

(D) Both (A) and (B) (D) (A) (B)

96. Arrange the names of the chairmen 96.
of the Finance Commission of India
in the chronological order :
(i)
(i) K.C. Pant
(ii)
(ii) K. Brahmananda Reddy
(iii)
(iii) A.M. Khusro
(iv)
(iv) K. Santhanam
(A) (i), (ii), (iii), (iv)
(A) (i), (ii), (iii), (iv)

(B) (ii), (i), (iii), (iv) (B) (ii), (i), (iii), (iv)

(C) (iv), (ii), (i), (iii) (C) (iv), (ii), (i), (iii)

(D) (iii), (ii), (i), (iv) (D) (iii), (ii), (i), (iv)

43 [P.T.O.

97. Arrange the following Urban 97.

Development Programmes by the

year of their implementation

starting from the earliest to the

latest :
(i)

(i) Integrated Development of
(IDSMT)
Small and Medium Towns
(ii)
(IDSMT)

(ii) JNNURM
(iii)
(iii) Mega Cities Programme

(iv)
(iv) Smart Cities Mission

(A) (i), (ii), (iii), (iv)
(A) (i), (ii), (iii), (iv)

(B) (i), (iii), (iv), (ii)
(B) (i), (iii), (iv), (ii)

(C) (i), (iii), (ii), (iv)
(C) (i), (iii), (ii), (iv)

(D) (i), (ii), (iv), (iii)
(D) (i), (ii), (iv), (iii)

44

98. Match the following : 98.

Year

(a) 1981 (a) 1981

(b) 1991 (b) 1991

(c) 2001 (c) 2001

(d) 2011 (d) 2011

Total Work Participation

Rate in India (%)

(i) 37.5 (i) 37.5

(ii) 36.8 (ii) 36.8

(iii) 39.8 (iii) 39.8

(iv) 39.1 (iv) 39.1

Codes :

(a) (b) (c) (d) (a) (b) (c) (d)

(A) (i) (ii) (iii) (iv) (A) (i) (ii) (iii) (iv)

(B) (iv) (iii) (ii) (i) (B) (iv) (iii) (ii) (i)

(C) (ii) (i) (iv) (iii) (C) (ii) (i) (iv) (iii)

(D) (ii) (i) (iii) (iv) (D) (ii) (i) (iii) (iv)

45 [P.T.O.

99. Match the following : 99.

State

(a) Gujarat (a)

(b) Karnataka (b)

(c) Maharashtra (c)

(d) Tamil Nadu (d)

Poverty estimates (2011-12) (2011-12)

(i) 11.3 percent (i) 11.3

(ii) 16.6 percent (ii) 16.6

(iii) 17.4 percent (iii) 17.4

(iv) 20.9 percent (iv) 20.9

Codes :

(a) (b) (c) (d) (a) (b) (c) (d)

(A) (ii) (iii) (i) (iv) (A) (ii) (iii) (i) (iv)

(B) (ii) (iv) (iii) (i) (B) (ii) (iv) (iii) (i)

(C) (i) (ii) (iii) (iv)
(C) (i) (ii) (iii) (iv)

(D) (iv) (i) (ii) (iii)
(D) (iv) (i) (ii) (iii)

46

100. Match the following : 100.

Committees

(a) Alagh Committee (a)

(b) Tendulkar Committee (b)

(c) Lakdawala Committee (c)

(d) Rangarajan Committee (d)

Years

(i) 2012 (i) 2012

(ii) 2009 (ii) 2009

(iii) 1993 (iii) 1993

(iv) 1979 (iv) 1979

Codes :

(a) (b) (c) (d) (a) (b) (c) (d)

(A) (i) (ii) (iii) (iv) (A) (i) (ii) (iii) (iv)

(B) (iv) (iii) (ii) (i) (B) (iv) (iii) (ii) (i)

(C) (iv) (ii) (iii) (i) (C) (iv) (ii) (iii) (i)

(D) (ii) (i) (iv) (iii) (D) (ii) (i) (iv) (iii)

47 [P.T.O.

ROUGH WORK

48