1) Gadgil  formula  is  related  to

a) allocation of central assistance for state plans

b) sharing of tax proceeds between states and centre

c) market borrowings

d) capital expenditure

2) Index  of  Industrial  Production   is  released  by  

a) Ministry of Commerce

b) Ministry of Finance

c) Central Statistical Organisation

d) Labour Bureau

3) The  rate  at  which  RBI  borrows  from  commercial   banks  is

a) Repo Rate

b) Reverse Repo Rate

c) Bank Rate

d) Base Rate

4) Who  was  the  Chairman  of  the  National  Income  Committee (1949) ?

a) KV Rao

b) PC Mahalanobis

c) C Subramanium

d) K Shanmugam

5) Global  Competitiveness  Report  is  released  by

a) World Economic Forum

b) World Bank

c) International Monetary Fund

d) OECD

6) Which  one  of  the  following  regarding  Non-Banking  Financial  Companies (NBFCs)  is  incorrect ?

a) NBFCs can accept demand deposits

b) NBFCs cannot issue checks

c) NBFC deposits dont have insurance cover

d) both a and b

7) Which  one  of  the  following  is  not  a  fiscal  measure    to  control  inflation ?

a) Increase in direct taxes

b) Decrease in indirect taxes

c) Demonetisation

d) Reducing expenditure

8) Tendulkar  Committee  is  related to

a) poverty

b) unemployment

c) drug abuse

d) labour welfare

9) The  period  of  unemployment   during  the  gap   when  people  change  from  one  job  to  another  is  called

a) structural unemployment

b) frictional unemployment

c) open unemployment

d) natural unemployment

10) Which  of  the  following  are  included  in  the  'Narrow  Money' ? 

1.Currency  with  the  public

2.Time  deposits

3.Demand  deposits

a) 1 and 2 only

b) 1 and 3 only

c) 2 and 3 only

d) 1, 2 and 3

11) A-TUFS (Amended  Technology  Upgradation  Fund  Scheme)  is  related  to

a) Electronics

b) Textiles

c) Food Processing

d) Automobiles

12) Which  Five  Year  Plan  was  based  on  Mahalanobis  model ?

a) First

b) Second

c) Third

d) Fourth

13) Which  of  the  following  are  the  benefits  of  Foreign  Direct  Investment ?

1.Availability  of  capital

2.Transfer  of  Technology

3.Providing  skill  and  expertise

a) 1 only

b) 1 and 2 only

c) 1 and 3 only

d) 1, 2 and 3

14) The  theme  of  12th  Five  Year  Plan  (2012-2017)  was

a) growth with justice and equity

b) balanced and inclusive growth

c) inclusive growth and women empowerment

d) faster ,more inclusive and sustainable growth

15) 'Most    Favoured   Nation'  concept  frequently  in  the  news  is  related  to

a) World Trade Organization

b) World Bank

c) International Monetary Fund

d) European Union

16) The  duration  of  Plan  Holiday  was  from

a) 1965 to 1968

b) 1966 to 1969

c) 1967 to 1969

d) 1964 to 1968

17) Which  plan  had  the  focus   'growth  with  justice  and  equity' ?

a) 8th five year plan

b) 9th five year plan

c) 10th five year plan

d) 11th five year plan

18) Which   sector  provides  the  largest  source  of  employment  next  to  agriculture ?

a) Textile

b) Tourism

c) Banking and Insurance

d) None of the above

19) The  first  Union  Budget  of  Independent  India  was  presented  by

a) John Mathai

b) Jawaharlal Nehru

c) RK Shanmukam Chetty

d) CR Rao

20) A  budgetary  deficit  means

a) capital expenditure is more than capital revenue

b) total expenditure is more than current revenue

c) total expenditure is more than total revenue

d) None of the above

21) Stagflation  means 

a) Inflation with growth

b) Deflation with growth

c) Inflation with depression

d) Deflation with depression

22) Foreign  currency  which  has  a  tendency  of  quick  migration  is

a) hot currency

b) soft currency

c) scarce currency

d) none of them

23) World  Economic  Outlook    report  is  released  by

a) International Monetary Fund

b) World Bank

c) World Economic Forum

d) World Trade Organization

24) Which  of  the  following  are  trade  protection  measures  taken  by  World  Trade  Organization  members ?

1.special  safeguard  mechanism

2.anti-dumping  duty

3.countervailing  measure

Select  the  correct  answer from  the code  given  below :

a) 1 only

b) 1 and 2 only

c) 1 and 3 only

d) 1, 2 and 3

25) What  is  deflation ?

a) sudden fall in the value of domestic currency

b) sudden fall in the rate of inflation

c) decrease in the general price level of goods and services

d) none of the above

26) The  agricultural  commodity  from  India  with  largest  export  value  is 

a) Basmati Rice

b) Tea

c) Coffee

d) Spices

27) A  shift  in  the  pattern  of  industrialization  with  lower  emphasis  on  heavy  industries  and  higher  emphasis  on  infrastructure  began  with

a) fifth plan

b) sixth plan

c) seventh plan

d) eighth plan

28) The  Private  Transfers   which  comes  under  Current  Account  include

1.Remittances

2.Grants

3.Gifts

Select  the  correct  answer  from  the  code  given  below :

a) 1 only

b) 1 and 2 only

c) 1 and 3 only

d) 1, 2 and 3

29) Which  one  of  the  following  does  not  come  under  Current  Account ?

a) Non-factor services

b) Remittances

c) Commercial Borrowings

d) Exports

30) What  is  American  Depository  receipts ?

a) Depository receipts raised by Indian Companies in American market

b) Depository receipts raised by American companies in Indian market

c) both a and b

d) None of the above

31) The  foreign  exchange  reserve  includes

1.Foreign  currency  assets

2.Gold

3.Special  Drawing  Right  holdings

4.Reserve  Tranche

Select  the  correct  answer  from  the  code  given  below :

 

a) 1 and 2 only

b) 1, 2 and 3 only

c) 1, 2 and 4 only

d) 1,2,3 and 4

32) Which  of  the  following  are correct ?

1.Special  Drawing  Right  (SDR)  is  both  an  exchange  rate  system  and  an  loan  arrangement.

2.SDR  is  also  known as  paper  gold. 

a) 1 only

b) 2 Only

c) Both 1 and 2

d) Neither 1 nor 2

33) Which  one  of  the  following  is  not  a  Direct  Tax ?

a) Securities Transaction Tax

b) Service Tax

c) Wealth Tax

d) Income Tax

34) Which  of  the  following  are  considered  as  part  of   "fiscal  stimulus" ?

1.Tax  cuts

2.High  Government  Spending

3.Incentives

Select  the  correct  answer  from  the  code  given  below  :

a) 1 only

b) 1 and 2 only

c) 1 and 3 only

d) 1,2,3 and 4

35) The  headquarters  of  Organisation  for  Economic  Co-operation  and  Development  is  located  at

a) Paris

b) NewYork

c) Washington

d) Vienna

36) Which  of  the  following  steps  can  be  termed  as  part  of   'financial  inclusion' ?

1.Nationalisation  of  banks

2.Priority  Sector  Lending

3.Strengthening  of  Cooperatives

Select  the  correct  answer  from  the  code  given  below :

a) 1 and 2 only

b) 2 and 3 only

c) 3 only

d) 1, 2 and 3

37) The  supply-side  economics lays  greater  emphasis  on  the  point  of  view  

a) producer

b) global economy

c) consumer

d) middle-man

38) Which  of  the  following  are  the  functions  of  the  Reserve  of  Bank  of  india ?

1.Bank  of  Issue

2.Banker  and  debt  manager  to  government

3.Banker's  bank

4.Custodian  and  Manager  of  Foreign  Exchange

5.Controller  of  Credit

Select   the  correct  answer  from  the  code  given  below :

a) 1, 2 and 4 only

b) 1, 2 and 5 only

c) 1, 2 ,3 and 5 only

d) 1, 2, 3, 4 and 5

39) Reserve  Bank  of  India  (RBI) was  established  in  the  year

a) 1926

b) 1935

c) 1948

d) 1950

40) Which  one  of  the  following  is  not  a  method   included  in  selective  credit  control ?

a) Market Stabilisation Scheme

b) Regulation of Margin Requirements

c) Rationing of Credit

d) None of the above

41) Which  one  of  the  following  is  not  a  Public  Sector  Bank ?

a) Allahabad Bank

b) United Bank of India

c) Corporation Bank

d) Yes Bank

42) Which  of  the  following  are  correct ?

1.Local  Area  Banks  were  set  up  with  the objective  of   mobilizing  rural  savings   and  make  them  available  for  investments  in  local  areas.

2.Local  Area  Banks  are  registered  under  Company  Act , 1956.

a) 1 only

b) 2 Only

c) Both 1 and 2

d) Neither 1 nor 2

43) Disguised  unemployment  generally  means  

a) prevalence of huge unemployment

b) high level of temporary unemployment

c) marginal productivity of labour is zero

d) productivity of workers is low

44) A  closed  economy  is  an  economy  in  which 

a) money supply is fully controlled

b) only exports take place

c) only imports take place

d) neither exports nor imports take place

45) World  Development  Report  is  released  by

a) World Bank

b) International Monetary Fund

c) World Economic Forum

d) World Trade Organization

46) Which  of  the  following  contributes    the  largest  share  of  power  generation  in  India ?

a) Thermal

b) Solar

c) Nuclear

d) Wind

47) Who  coined  the  term   'Hindu  Rate  of  growth' ?

a) KV Rao

b) Raj Krishna

c) C Rangarajan

d) Gadgil

48) With  respect  to  Securities  and  Exchange   Board  of  India (SEBI), which  of  the  following  are  correct ?

1.SEBI  was  established  in  1988.

2.SEBI  has  quasi-judicial, quasi-executive  and  quasi-legislative   functions.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

49) Statutory  Liquidity  Ratio  (SLR), is  maintained  in  the  form  of  

1.Gold

2.Cash

3.Treasury  Bills

a) 1 only

b) 1 and 2 only

c) 2 only

d) 1, 2 and 3

50) Who  heads  the  Monetary  Policy Committee  (MPC) ?

a) Finance Minister

b) Governor, RBI

c) Cheif Economic Advisor

d) Finance Secretary

51) Which  of  the  following  regarding  Bharat  Bill  Payment  System  (BBPS) are  correct ?

1.The  objective  of  the  system is  to  promote  digital  payments.

2.The  system  facilitates  the  customer  to  pay  several  bills  (water, gas, electricity etc)  at  a  single  location.

3.The  bills  can be  paid  only through  electronic  mode.

a) 1 only

b) 1 and 2 only

c) 1 and 3 only

d) 1, 2 and 3

52) India  has  established  Investment  Facilitation  Mechanism with  which  one  of  the  following  to  atract  investments ?

a) European Union

b) World Bank

c) ASEAN

d) New Development Bank

53) Who  is  the  Chairperson  of  NITI  Aayog ?

a) Prime Minister

b) Finance Minister

c) Cheif Economic Advisor

d) None of the above

54) Non-Agricultural  Market  Access  (NAMA)  is  related  to

a) World Trade Organization

b) World Bank

c) International Monetary Fund

d) None of the above

55) What  is  Washington  Consensus ?

a) trade facilitation norms

b) set of neoliberal economic prescriptions

c) deals with market access for agricultural products from emerging economies

d) related to trade in service sector

56) Which  of  the  following  comes  under  non-plan  expenditure ?

1.Interest  Payments

2.Subsidies

3.Salaries  and  Wages

a) 1 only

b) 1 and 2 only

c) 1 and 3 only

d) 1, 2 and 3

57) Open market  operation  refers to

a) purchase and sale of securities by commercial banks

b) purchase and sale of Government Securities by Reserve Bank of India

c) borrowing and lending by public sector banks

d) both a and b

58) In  July  2017, India imported crude  oil  for the  first  time   from

a) UK

b) USA

c) Libya

d) Venezuela

59) Which  one  of  the  following  has  launched  the  world's  longest  submarine  cable  system ?

a) Reliance Jio

b) Vodafone

c) Airtel

d) None of the above

60) The  5 member  anti-porfiteering  authority  is  related  to

a) GST

b) Transfer Pricing

c) Cartelisation

d) None of the above

61) Which  is  the  correct  order  of  shareholders  in  Asian  Infrastructure  Investment  Bank (AIIB) , starting  from  the  largest ?

a) China-India-Russia-Japan

b) China-India-Germany-Japan

c) China-Russia-India-Japan

d) China-India-Russia-Germany

62) The  Securities  Exchange  Board  of  India  has  asked  the  Commodity  Derivatives  Exchanges to  set  up

1.Investor  Protection  Fund

2.Investor  Service  Fund

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

63) Performance  Budgeting  originated  in

a) France

b) USA

c) Canada

d) UK

64) Which  of  the  following  are  involved  in  Budget  formulation ?

1.Ministry  of  Finance

2.Administrative  Ministries

3.Comptroller  and  Auditor-General (CAG)

a) 1 only

b) 1 and 2 only

c) 2 only

d) 1, 2 and 3

65) Venture  Capital  means

a) short-term capital provided to industries

b) long-term start-up capital provided to new entrepreneurs

c) funds provided to industries at times of incurring losses

d) funds provided for replacement and renovation of industries

66) Which  of  the  following  are  correct ?

1.Asian  Development  Bank  has  67  members.

2.India  is   a  member  of  Asian  Development  Bank.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

67) Which  of  the  following  come  under  non-tax  revenue ?

1.Aid  and  Loan

2.Surplus  from  Public  enterprises

3.Sale  of  assets

a) 2 only

b) 1 and 2 only

c) 2 and 3 only

d) 1, 2 and 3

68) Department  of  Industrial  Policy  and  Promotion  (DIPP)  comes  under  

a) Ministry of Finance

b) Ministry of Commerce and Industry

c) Prime Ministers Office

d) NITI Aayog

69) The  report  titled , 'World  Economic  Situation  and  Prospects'  was  released  by  

a) United Nations

b) International Monetary Fund

c) World Economic Forum

d) World Bank

70) The  new  base  year  for  Index  of  Industrial  Production (IIP)  and  Wholesale  Price  Index  (WPI)  is

a) 2010-11

b) 2011-12

c) 2012-13

d) 2103-14

71) Which  of  the  following sectors have  contributed  to  the  major  chunk  of  bad loans/ non-performing  assets ?

1.Power

2.Steel

3.Road

4.Textiles

a) 1 and 2 only

b) 1, 2 and 3 only

c) 1, 2 and 4 only

d) 1,2,3 and 4

72) Which  one  of  the  following  has  launched  'Express  Wi-Fi'  in  India   to  expand  internet  connectivity ?

a) Facebook

b) Vodafone

c) Reliance Jio

d) None of the above

73) Which  of  the  following  are  correct ?

1.Article  280  provides  for  a  Finance  Commission.

2.Finance  Commission  is  a  quasi-judicial  body.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

74) Which  of  the  following  are  incorrectly  matched  ?

Finance  Commission (FC)                      Chairman

1.11th  FC                               -          KC  Pant

2.12th  FC                               -          C  Rangarajan

3.13th  FC                               -          Vijay L Kelkar

4.14th  FC                               -          YV  Reddy

5.15th  FC                               -           NK  Singh

Select  the  correct  answer  from  the  code  given  below :

 

a) 2 and 3 only

b) 1 only

c) 4 and 5 only

d) 2 only

75) Global  Financial  Centres  Index  is  released  by  

a) World Bank

b) World Economic Forum

c) International Monetary Fund

d) None of the above

76) India  is  world's 

a) largest oil importer

b) 2nd largest oil importer

c) 3rd largest oil importer

d) 4th largest oil importer

77) Which  is   the  largest  commodity  exchange  by  volume ?

a) Multi Commodity Exchange

b) National Commodity and Derivatives Exchange

c) Indian Commodity Exchange

d) Bharat Multi Commodity Exchange

78) Uday  Kotak  Committee  is  related  to

a) Corporate Governance

b) Non-Performing Assets

c) Artificial Intelligence

d) Restructuring of Public Sector Banks

79) The  government  can  reduce  revenue  deficit  by

1.increasing  revenue  receipts

2.decreasing  revenue  expenditure

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

80) International  Finance  Corporation  is  an  investment  arm  of

a) World Bank

b) World Trade Organization

c) International Monetary Fund

d) None of the above

81) Which  of  the  following  regarding  'Masala  Bonds'  are  correct ?

1.They  are  rupee  denominated  bonds.

2.They  are  issued  in  offshore  capital  markets.

3.They  are  a   source  of  debt  financing.

a) 1 and 2 only

b) 2 only

c) 1 and 3 only

d) 1, 2 and 3

82) The  Revised  Prompt  Corrective  Action (PCA)  framework  of  Reserve  Bank  of  India  is  related  to

a) Money Laundering

b) Black Money

c) Non-Performing Assets

d) None of the above

83) Which  of  the  following  are  examples  of  Virtual  Currencies ?

1.Bitcoin

2.Litecoin

3.Dogecoin

4.Primecoin

a) 1 and 2 only

b) 1, 2 and 3 only

c) 1, 2 and 4 only

d) 1,2,3 and 4

84) Which  of  the  following  are  included  in  the  global   basket  of  reserve  currencies  under  International  Monetary  Fund ?

1.US  Dollar

2.Euro

3.British  Pound

4.Chinese  Renminbi

5.Japanese  Yen

a) 1 and 2 only

b) 1, 2 and 3 only

c) 1, 2 , 3 and 5 only

d) 1, 2, 3, 4 and 5

85) Ease  of  Doing  Business  Index  is  released  by

a) World Bank

b) World Trade Organization

c) International Monetary Fund

d) World Economic Forum

86) Who  heads  the  Financial  Stability  and  Development  Council ?

a) Finance Minister

b) Cheif Economic Advisor

c) Chairman, NITI Aayog

d) None of the above

87) Which  of  the  following  are  correct  regarding  'European  Stability  Mechanism' ?

1.It  is a  EU  agency  that  provides  financial  assistance  to  eurozone  countries.

2.It  is  based  in  Luxembourg.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

88) The  total  value of  all  final  goods  and  services  produced  within  the country  during  a  particular  period  is   termed  as 

a) Gross Domestic Product

b) Gross National Product

c) Net National Product

d) None of the above

89) Global  Financial  Stability  Report  is  published  by  the

a) World Bank

b) International Monetary Fund

c) European Central Bank

d) World Trade Organization

90) The  Regional  Comprehensive  Economic  Partnership  (RCEP) is  a  trade  agreement   of

a) ASEAN

b) European Union

c) G 20

d) World Trade Organization

91) The  purpose  of  'Marginal  Cost  of  Funds  based  Lending  Rate  (MCLR)'  announced  by  RBI  includes

1.improving  the  transparency  in  the  methodology  followed  by  banks  for  determining  the  interest  rates  on advances

2.ensuring  availability  of  bank  credit  and  interest  rates    which  are  fair  to   the  borrowers  as  well  as  the  banks.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

92) Regional  Rural  Banks  (RRBs)  were  set up  by

1.Reserve Bank  of  India

2.Public  Sector  Banks

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

93) National  Bank  for  Agriculture and  Rural  Development (NABARD)  was  set  up  in  

a) 1980

b) 1982

c) 1984

d) 1986

94) Which  of  the  following  are  correct  ?

1.The  first  phase  of  Nationalisation  of  Banks  took  place  in  1969.

2.The  second  phase  of  Nationalisation  of  Banks  took  place   in  1980.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

95) Cash  Reserve  Ratio  has to  be  kept  in  the  form of  

1.cash

2.gold

3.bond

a) 1 only

b) 2 only

c) 3 only

d) 1 and 3 only

96) Economic  Freedom  Index  is  released  by  

a) World Bank

b) World Economic Forum

c) International Monetary Fund

d) None of the above

97) The  purpose  of  Indradanush 2.0  plan  is

a) bank recapitalisation

b) guidelines for payment banks

c) revamping co-operative banks

d) None of the above

98) The Meena  Hemachandra  Committee  deals  with

a) cyber security

b) infrastructure

c) bank consolidation

d) None of the above

99) Universal  Basic  Income  was  recommended  by

a) Economic Survey 2015-16

b) Economic Survey 2016-17

c) Economic Survey 2017-18

d) None of the above

100) Corruption  Perception  Index  was   relased  by

a) World Bank

b) International Monetary Fund

c) World Economic Forum

d) None of the above