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INDIAN ECONOMY
INDIAN ECONOMY MOCK TEST SET 3
January 14, 2016
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1. Today, the most important place in country’s exports is that of

1. textiles
2. handicrafts
3. steel
4. engineering goods

Answer

4

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2. The Reserve Bank’s functions include

1. Issuing of Currency
2. Acting as a banker to the government
3. Credit control & exchange management
4. All of the above

Answer

4

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3. The ‘drain of wealth’ theory was given by

1. P.C. Joshi
2. M K Gandhi
3. Dadabhai Naoroji
4. P C Mahalanobis

Answer

3

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4. The percentage of literacy among women is

1. 39.42%
2. 85%
3. 74%
4. 65.5%

Answer

4

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5. Which of the following are the most industrialized states in India?

1. Maharashtra, Gujarat, T. Nadu
2. Maharashtra, U.P., Odisha
3. U.P., Punjab, Haryana
4. Karnataka, Seemandhra

Answer

1

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6. The period of Green Revolution in India is the

1. Period after the third plan
2. Period within the third plan
3. Period before the third plan
4. None of the above

Answer

1

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7. Choose the correct statement/s in respect of call money market.

1. Borrowing and lending transactions are carried out for one day
2. It is known as inter-bank call money market
3. UTI, LIC, GIC, NABARD operate as lenders
4. All of the above

Answer

4

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8. What does marketable surplus refer to?

1. Excess of output in agriculture over and above what is required for subsistence by the rural poor.
2. That surplus which is marketable abroad
3. The surplus due to new technology
4. None of the above

Answer

1

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9. The marginal productivity of labour is

1. The additional output produced by the addition of one extra unit of labour in the production process.
2. The extra production which comes due to additional piece of land.
3. The extra production that comes from adding marginal amount of inputs.
4. None of these

Answer

1

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10. In the second stage of Demographic Transition, which factor leads to high population growth rate?

1. Low birth rate coupled with drastic fall in death rate
2. High birth rate coupled with drastic fall in death rate
3. High birth rate coupled with a drastic rise in death rate
4. None of the above

Answer

2

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