1. The high level of external debt.
2. High level of foreign exchange reserve.
3. Rising prices of essential goods.
4. Import substitution policy of India.
5. Political instability.
Code:Answer: Only 1
1. India approached the international bank for reconstruction and development popularly known as IMF for loan to manage the crisis.
2. India came up with new economic policies which were based on the conditionality of international institutions.
3. Conditionality of international institutions was not as a punishment but were towards creating more competitive environment in the economy.
Select the correct ones.Answer: 2 and 3
1. Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm was abolished except in some sector.
2. Private sector was allowed in many industries.
3. Some goods could be produced only in small scale industries.
4. Controls on price fixation and distribution of selected industrial products.
Code:Answer: 1, 3 and 4
1. ‘The people who are always poor’ and those whose are usually poor but who may sometimes have a little more money are called chronic poor.
2. The people who regularly move in and out of poverty are called churning poor.
3. People who are rich most of the time but may sometimes have a patch of bad luck are called occasionally poor.
Select the correct ones.Answer: All the above
1. In mixed economies government and the market together answer what and how to produce and how to distribute what to produce.
2. The government will provide whatever goods and services it can produce well.
3. The market will produce to the goods and services the government fails to do.
Select the correct ones.Answer: Only 1
1. India‘s plans were of five years and lacked a perspective approach.
2. Directive principles of Indian constitution reflect the planned outlook of India.
3. Our five year plans do not spell out how much of each and every good and service is to be produced.
Select the correct statements using codes below.Answer: 2 and 3
1. Disguised unemployment happens when people are not able to find jobs during some months of the year due to agricultural patterns.
2. Educated unemployment is a result of improper management of Human resources.
3. In case of India, statistically, the unemployment rate is low.
Select the correct statements using codes below.Answer: 2 and 3
1. Social Exclusion describes the greater probability of being more adversely affected than other people.
2. Vulnerability is a process through which individuals or groups are not able to access facilities, benefits and opportunities that others enjoy.
Which of the statements given above is/are correct?Answer: None of these
1. In Sub-Saharan Africa, poverty in fact rose from 41 per cent in 1981 to 46 per cent in 2001.
2. Number of poors in South Asia has come down from 606 million in 1981 to 212 million in 2001.
3. Poverty has also resurfaced in some of the former socialist countries like Russia after their opening up.
Select the correct statements using codes given below.Answer: 1 and 3
1. All Agricultural activities are included in Primary sector
2. All Industrial activities are included in secondary sector.
3. Service sector includes only those activities that help in production of goods.
Select the incorrect statements using codes given below.Answer: 2 and 3
1. In HDR Per Capita Income is calculated in dollars adjusted by purchasing power for all countries so that it can be compared.
2. Nepal has half the per capita income of India, yet it is not far behind India in life expectancy and literacy levels.
3. Health, education and skill indicators are used along with income as a measure of development in HDI.
Select the correct statements using codes below.Answer: 1 and 2
1. Growth
2. Modernisation
3. Self Reliance
4. Nationalisation
5. Equity
Code:Answer: 1, 2, 3 and 5
1. A substantial amount of fertiliser subsidy also benefits the fertiliser industry, not only farmers.
2. The subsidy largely benefits the farmers in the more prosperous regions.
3. Most farmers in India are very poor and they will not be able to afford the required inputs without subsidies.
Select the correct statements using codes below.Answer: All of the above
1. Industrial licensing
2. Export-import policy
3. Tax reforms
4. Foreign investment
5. Technology upgradation,
Code:Answer: Cytokinesis
1. Commercial banks
2. Money Lenders
3. Investment banks
4. Stock exchange operations
5. Insurance
6. Foreign exchange market
Code:Answer: All of the above
1. Infrastructure associated with energy, transportation, housing and communication are included in the economic Infrastructure.
2. Agriculture does not depend on infrastructure as it is labour intensive.
3. Infrastructure contributes to economic development of a country by improving the quality of life of its people.
Which of the statements given above is/are not correct?Answer: 1 and 2 only
1. More than 70 per cent of the hospitals in India are run by the private sector.
2. Nearly 60 per cent of dispensaries are run by the public sector.
3. More than 80 per cent of the medical service providers in private sector are single person owned
Select the correct statements using the codes given below.Answer: 1 and 3 only
1. Since the deposits in the bank accounts can be withdrawn anytime, these deposits are called fixed deposits.
2. Banks mediate between those who have surplus funds and those who are in need of these funds.
3. Credit refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.
Select the correct statements using the code below.Answer: 2 and 3 only
1. Loans from Money lenders, traders and cooperatives are informal loans.
2. Informal sector is largest credit lender outperforming commercial banks.
3. The Reserve Bank of India supervises the functioning of formal sources of loans.
Select the correct statements using the codes given below.Answer: 2 and 3 only
1. Rich households in urban area has more accessibility to formal credit in India.
2. The cost to the borrower of informal loans is much higher than formal loans.
3. The formal sector still meets only about half of the total credit needs of the rural people.
Select the correct statements using the code below.Answer: All of the above
