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INDIAN ECONOMY
INDIAN ECONOMY MOCK TEST SET 4
January 14, 2016
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1. The density of population in the country as per the 2011 census is

1. 274 per sq. km
2. 364 per sq. km
3. 324 per sq. km
4. 74 per sq. km

Answer

2

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2. Land revenue is the principal ________ tax in agriculture.

1. indirect
2. direct
3. state
4. central

Answer

2

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3. The new Mexican varieties of wheat were developed by

1. Prof. Lewis
2. Norman Borlaug
3. M S Swaminathan
4. None of these

Answer

2

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4. How is disguised unemployment defined?

1. Marginal productivity of labour becoming almost nil due to excessive population burden on farmland
2. Marginal productivity of labour becoming negative
3. Marginal productivity increasing at a declining rate with the addition of labour
4. Unemployment which has disguised marginal productivity.

Answer

1

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5. To which of the following does the concept of “cheap money” and “dear money” relate?

1. Exchange value
2. Purchasing Power
3. Gold standard
4. Rate of interest

Answer

4

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6. The term “paper gold” is associated with

1. Special accommodation facility of the World Bank.
2. Special Drawing Rights of IMF
3. Currencies still on gold standard
4. None of these

Answer

2

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7. Which state is the least densely populated?

1. Maharashtra
2. Manipur
3. Sikkim
4. Arunachal Pradesh

Answer

4

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8. The national income estimates in India are prepared by the

1. CSO
2. NSSO
3. Ministry of Finance
4. Planning commission

Answer

1

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9. The one rupee note bears the signature of

1. Governor, RBI
2. Finance Secretary
3. Finance Minister
4. None of these

Answer

2

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10. The Planning Commission is a/an ______ body.

1. constitutional body
2. extra-constitutional body
3. advisory
4. Both 2 and 3

Answer

4

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