Identify The Father of Socialism

(a)

J M Keynes

(b)

Karl Marx

(c)

Adam Smith

(d)

Samuelson

Assertion: The term coined by Manfred D Steger (2002) to denote the new market ideology of globalization.
Reason: The ideology connects nations together through international trade and aiming at global development.

(a)

Both (A) and (R) are true and (R) is the correct explanation of (A).

(b)

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

(c)

(A) is true, but (R) is false

(d)

(A) is false, but (R) is true.

GNP = _________ + Net factor income from abroad

(a)

NNP

(b)

NDP

(c)

GDP

(d)

Personal income

Find the missing term in the following equation.
NNP at factor cost = NNP at Market prices – ________+ Subsidies

(a)

Direct taxes

(b)

Income of residents

(c)

Income of residents abroad

(d)

Indirect taxes

The component of aggregate demand is__________

(a)

Personal demand

(b)

Government expenditure

(c)

Only export

(d)

Only import

Wages and prices are _____________

(a)

flexible

(b)

related

(c)

homogeneous

(d)

none of the above

The simple accelerated model was made by J.M. Clark in __________

(a)

1915

(b)

1916

(c)

1917

(d)

1910

__________inflation results in a serious depreciation of the value of money.

(a)

Creeping

(b)

Walking

(c)

running

(d)

Hyper

Repo Rate means.

(a)

Rate at which the Commercial Banks are willing to lend to RBI

(b)

Rate at which the RBI is willing to lend to commercial banks

(c)

Exchange rate of the foreign bank

(d)

Growth rate of the economy

Which of the following is not an example of foreign direct investment?

(a)

the construction of a new auto assembly plant overseas

(b)

the acquisition of an existing steel mill overseas

(c)

the purchase of bonds or stock issued by a textile company overseas

(d)

the creation of a wholly owned business firm overseas

The modern theory of international trade explains the causes for …………….?

(a)

comparative cost difference

(b)

absolute cost difference

(c)

comparative cost similarities

(d)

absolute cost similarities

The multi-fiber agreement governed the world trade is related to …..?

(a)

textiles and garments industry

(b)

optic fiber industry

(c)

fiber rich food industry

(d)

software and technological industry

One of the following is NOT a feature of private finance

(a)

Balancing of income and expenditure

(b)

Secrecy

(c)

Saving some part of income

(d)

Publicity

Match the correct codes

1	CGST	i	Collected by the Central Government on an intra-state sale (Eg: Within state/ union territory)
2	SGST	ii	Collected by the State Government on an intra-state sale (Eg: Within state/ union territory)
3	IGST	iii	One indirect tax for the entire country.
4	GST	iv	Collected by the Central Government for inter-state sale (Eg: Maharashtra to Tamil Nadu).

(a)

(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)

(b)

(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)

(c)

(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)

(d)

(1) – (i) (2) – (ii) (3) – (iii) (4) – (iv)

Primary cause of Soil pollution is ________

(a)

Pest control measures

(b)

Land reclamation

(c)

Agricultural runoff

(d)

Chemical fertilizer

Which of the following statement is TRUE?

(a)

Eco-Systems may vary in size

(b)

Eco-Systems are always very large

(c)

Eco-Systems are always very small

(d)

None of these is true.

Long-term plan is also known as_______

(a)

Progressive Plans

(b)

Non-progressive Plans

(c)

Perspective Plans

(d)

Non-perspective Plans

Consider the following statement with regards to planning commission.
1. It is a central body for making planning in India.
2. Planning commission was constituted on 15th March, 1950.
3. Finance minister is ex-officio chairman of this commission.
4. Final clearance to planning is given by ‘National Development Council’
Select the correct answer from the given codes below:

(a)

1 and 2

(b)

3 and 4

(c)

1, 2 and 4

(d)

1, 2, 3 and 4

Econometric is the word coined by

(a)

Francis Galton

(b)

Ragnar Frish

(c)

Karl Person

(d)

Spearsman

There are two methods of calculating Standard deviation in an individual series.

(a)

deviations taken from actual mean and deviation taken from assumed mean

(b)

deviations taken from assumed mean and deviation taken from actual mean

(c)

deviations taken from actual median and deviation taken from assumed mean

(d)

None of the above

What are the movements of Business Cycle?

Why is self consumption difficult in measuring national income?

What is the main feature of rural unemployment ?

Comment : “Self-Adjustment not Possible”

What are Subjective Factors?

Define Money.

Write a brief note on SFCs.

When and where was SAARC Secretariat established?

What are environmental goods? Give examples

Compare the different term plans.

Briefly explain the two sector circular flow model.

Why does depreciation is added to national income to calculate GDP when using the income approach but do not do so when using the expenditure approach?

Write any five differences between classism and Keynesianism.

Explain any three leakages of multiplier.

Explain the primary function of money.

Write a brief note on flexible exchange rate.

Write briefly about “Structural Adjustment Facility”

Explain different types of air pollution.

Write short notes on National planning commission.

Find the Standard Deviation of the following data:14,22,9,15.20,17,12.11

1. Elucidate various measures of economic development.

2. Explain the steps involved computing the correlation Coefficient.

1. Describe the types of unemployment

2. Write a note on
   a) SAARC
   b) BRICS

1. Explain the types of Terms of Trade given by Viner.

2. Briefly explain the relationship between GDP growth and the quality of environment.

1. Explain the supply of Money and determinants of money supply in India.

2. Describe the functions of Reserve Bank of India.

1. Briefly explain the subjective and objective factors of consumption function?

2. Distinguish between Balanced and Unbalanced Budget.

1. Compare and contrast fixed and flexible exchange rates.

2. What are the reasons for the recent growth in public expenditure?

1. Compare the features of capitalism and socialism.

2. What are the difficulties involved in the measurement of national income?