Q. 'Agenda-21' of Rio Summit, 1992 is related -
1) Sustainable development
2) Polluter - Pays principle
3) Environmental Education
4) Preservation of ozone layer
Q. Natural resources should be used by the present generation in such a way that if there is minimum degradation of natural resources, then what kind of development would it be called?
1) Economic Development
2) Social Development
3) Sustainable Development
4) Organic Development
Q. Which of the following is not an economic activity?
1) Farming
2) Service
3) Voluntary Social Service
4) Transportation
Q. Which of the following is/are the type/ s of poverty?
1. Absolute poverty
2. Relative poverty
3. Subjective poverty
4. Functional poverty
Choose the correct answer using the code given below -
1) Only 1 and 2
2) Only 1, 2 and 3
3) Only 3 and 4
4) Only 1 and 4
Q. The Value of GDP at the current prevailing prices is called -
1) Nominal GDP
2) Current GDP
3) Domestic GDP
4) Real GDP
Q. Which one of the following situations can lead to inflation?
1) Rapid growth of aggregate demand outweighing supply
2) Sluggish growth of aggregate demand
3) Reduction in the money supply
4) Higher levels of unemployment
Q. Which of the following policies helps to raise interest rates unambiguously and thereby leads to the appreciation of currency?
1) Expansionary fiscal and monetary policy
2) Contractionary fiscal and monetary policy
3) Contractionary fiscal policy and expansionary monetary policy
4) Contractionary monetary policy and expansionary fiscal policy
Q. The contraction of private investment spending due to deficit spending by the Government is called -
1) crowding out
2) crowding in
3) pump priming
4) dumping
Q. The computation of poverty in terms of Monthly Per Capita Consumption Expenditure (MPCE) based on the Mixed Reference Period was recommended by the -
1) Lakdawala Committee
2) Tendulkar Committee
3) Dandekar Committee
4) Alagh Committee
Q. Which one of the following is a measure that can be used by the Government for combatting inflation?
1) Increasing the non-planned expenditure on defence, police, etc.
2) Providing more subsidies on exports
3) Increasing the rate of interest on savings and fixed deposits
4) Reduction in the Cash Reserve Ratio (CRR)
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