1. In colonosied India, the Indian artisians fell back on land..

This process is known as

a. Industrialization
b. Colonization
c. De-industrialization
d. De-colonization

2. HDI is a measure of
a. Economic Growth
b. Economic Development
c. GDP Factor
d. GNP Factor

3. Which of this is NOT a cause of High Birth rate

a. Nuclear family system
b. Universality of marriage
c. Preference for a son
d. Infant mortality

4. The National Income measured by the consumption method is simply calculated by

a. R+W+I+P +(X-M)+(R-P)
b. P1*Q1 + P2*Q2 + P3*Q3 …+ Pn*Qn
c. GDP at market price – Indirect Taxes + Subsidies
d. C+I+G+(X-M)+(R-P)

5. An increase in aggregate demand over the available output leads to a rise in the price level.
What inflation is this describing?

a. Cost-Push Inflation
b. Deflation
c. Demand- Pull Inflation
d. Credit-led inflation

6. If FDI is 100% automatic, this means

a. The money can flow in for 100% after the government permission in sought
b. Money can flow in 100% without any government permission
c. Money can flow in 100% but in staggered payments
d. This can be allowed only in greenfield projects

7. Which sector has a limit for FDI in India

a. Insurance sector
b. Food processing
c. Defense manufacturing
d. Mining

8. Fiscal revenue/ expense comes from two legs.. They are..

a. CRR and SLR
b. Public Expenditure and Taxation
c. Taxation and Monetary Policy
d. Public Expenditure and RBI

9. In any expansionary policy, these 2 will go hand in hand

a. Taxes increase and CRR/SLR decrease
b. Taxes Decrease, OMO bonds are sold by RBI
c. OMO purchased, Government cuts cost by not spending anything
d. Government spends and CRR/SLR Decrease

10. Which of these is a quantities measure of Monetary policy?

 a. Credit Rationing
b. Open Market Operation
c. Moral Suasion
d. Direct Control

11. The New Industrial Policy of 1991 DID NOT include this..
a. Abolishing of industrial licensing
b. Devaluation of the Indian Rupee
c. Increasing food subsidies
d. Allowing FDI inflow

12. When the government sells shares they own in a public company; this is known as
a. Disinvestment
b. Privatization
c. Globalization
d. Liberalization

13. Niti-Aayog uses a

a. Top-down approach
b. Bottoms-up approach
c. Centralized approach
d. De-centralized approach

14. The Finance Commission is in charge of

a. The contingency fund
b. CGST and SGST
c. Consolidated fund
d. RBI Funds

15. There were ___ 5 year plans before the Planning Commission was aboloshied.
a. 11
b. 13
c. 15
d. 12

16. In a business cycle the revival cycle of the business cycle

a. The business begins to borrow at a low rate and employment goes up
b. Demand is very high and inflation goes up
c. The factors of production costs are so high that interest rates are high
d. Unemployment is low so the cost of wages rises

17. Which of this initiative supports Make in India

a. Skill India
b. Swachh Bharath
c. Ayushman Bharath
d. Jan Dhan Yojana Scheme