1.  The approximate ratio between the rural and urban population in India is

a

  1830

b

 1881

c

 1855

d

 1872

Answer & Explanation
Answer : Option A

2.  Which Indian plan ensured high growth rate as compared with targeted growth rate ?

a

  Second Plan

b

 Eighth Plan

c

 Fourth Plan

d

 Fifth Plan

Answer & Explanation
Answer : Option B

3.  Which statement is incorrect regarding India's balance of payment? I. 1994-95 was the year of the acute BOP crisis in India II. India then had foreign exchange reserve of mere 3 billion dollar III. This crisis led to the massive changes in the country's economic policy, popularly known as the Structural Adjustment Program or New Economic Policy (NEP) regime, focusing on liberalization and globalization of the economy.

a

  I & II

b

 Only III

c

 Only I

d

 I & III

Answer & Explanation
Answer : Option A

4.  Which of the following statements is not correct regarding the 'Banking Sector' of India?

a

  At present there are 26 Nationalized Banks in India.

b

 Narsimham Committee is related to Banking Sector reforms.

c

 Banks have the freedom to regulate their own Savings Bank Deposit interest rates.

d

 Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.

Answer & Explanation
Answer : Option D

5.  Which plan emphasised optimum utilisation of capacities, improvement in productivity and establishment of sunrise industries'?

a

  Second Plan

b

 Seventh plan

c

 Fifth Plan

d

 Sixth Plan

Answer & Explanation
Answer : Option D

6.  Per capita Income of a country derived from

a

  National Income

b

 Population

c

 None of these

d

 National Income and Population both

Answer & Explanation
Answer : Option D

7.  What are medium term loans? I. These are provided for a period of less than 15 months to meet out expenses of routine farming and domestic consumptions II. These are provided for a period of 15 months to 5 years to purchase agricultural equipments, animals and for land improvements III. These are provided for a period of more than 5 years.

a

  Only III

b

 None of the above

c

 Only II

d

 Only I

Answer & Explanation
Answer : Option C

8.  In the context of governance, consider the following:
1.Encouraging Foreign Direct Investment inflows
2.Privatization of higher educational Institutions
3.Down-sizing of bureaucracy
4.Selling/offloading the shares of Public Sector Undertakings Which of the above can be used as measures to control the fiscal deficit in India?

a

  2, 3 and 4

b

 1,2 and 3

c

 3 and 4 only

d

 1, 2 and 4

Answer & Explanation
Answer : Option C

9.  Agricultural factors influencing the density of population are the

a

  Nature of the soil

b

 Amount of rainfall

c

 Climatic conditions

d

 All of the above

Answer & Explanation
Answer : Option D

10.  Consider the following statements regarding Indian planning (1) The second five year plan emphasized on the establishment of heavy industries (2) The third five year plan aimed to achieve selfsufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports Which of the statements given above is/are correct?

a

  1 only

b

 Both 1 and 2

c

 2 only

d

 Neither 1 nor 2

Answer & Explanation
Answer : Option B

11.  What is the main purpose of the International Development Association?

a

  To participate in development of irrigation projects in developing countries

b

 None of the above

c

 To make loans on more flexible terms for important development projects in developed countries

d

 To make loans on more flexible terms for important development projects in underdeveloped countries

Answer & Explanation
Answer : Option D

12.  Which of the following is related to the EPCG Scheme of Central Government ?

a

  Communication

b

 Foreign Trade

c

 Banking

d

 Foreign Investment

Answer & Explanation
Answer : Option B

13.  Consider the following statements regarding Indian Planning:
1.The Second Five-Year Plan emphasized on the establishment of heavy industries.
2.The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialization. Which of the statements given above is/ are correct?

a

  Both 1 and 2

b

 2 only

c

 1 only

d

 Neither 1 nor 2

Answer & Explanation
Answer : Option A

14.  _____ sector was the largest contributor to GDP during the Ninth Plan?

a

  Information technology

b

 Manufacturing

c

 Financial services

d

 Trade

Answer & Explanation
Answer : Option B

15.  Which of the following negatively affects the resource base of a developing country?

a

  Amalgamating agriculture and ecosystem conservation

b

 None of these

c

 Integrating agriculture with land and water resources

d

 Both A and B

Answer & Explanation
Answer : Option D

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