11) The Planning Commission of India:
I. was set up in 1950
II. is a constitutional body
III. is an advisory body
IV. is a government department
(a) I and II
(b) II and III
(c) I and III
(d) III only
12) The situation with increasing unemployment and inflation is termed as:
(a) hyperinflation
(b) galloping inflation
(c) stagflation
(d) reflation
13) How do we define the terms bull and bear with regard to stock markets?
(a) A bull is an optimistic operator who first buys and then sells shares in expectation of the price going up; a bear is a pessimistic market operator who sells the shares in expectation of buying them back at a lower price
(b) There is nothing significantly different as both operate in the capital market
(c) Bull is one who first sells a share and then buys it at a lower price; bear means one who first buys and then sells it in expectation of prices going up
(d) A bull is ready to buy any share; a bear only deals in government securities
14) The National Stock Exchange functions from:
(a) New Delhi
(b) Mumbai
(c) Nagpur
(d) Kolkata
15) Which of the following is not a method of estimating national income?
(a) Income method
(b) Value-added method
(c) Expenditure method
(d) Export-import method
16) The per capita income has been low in India because:
(a) of population growth
(b) of price rise
(c) more people are in rural areas
(d) of regional imbalances
17) As the economy develops, the share of the tertiary sector in the GDP:
a) Decreases
b) Decreases then increases
c) Increases
d) Remainds constant
18) It will be true of classify India as:
a) A food-deficit economy
b) A labour-surplus economy
c) A trade-surplus economy
d) A capital-surplus economy
19) Which one of the following States of India records the highest sex-ratio?
a) Kerala
b) Karnataka
c) Meghalaya
d) Tamil Nadu
20) As per the Census of 2011, the least urbanized State of India is:
a) Arunachal Pradesh
b) Assam
c) Himachal Pradesh
d) Uttaranchal
Good Luck!