SSC Tax Assts Exam 2009

68. The present Indian monetary system is based on

  1. Gold Reserve System
  2. Proportional Reserve System
  3. Convertible Currency System
  4. Minimum Reserve System

69. A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as

  1. Absolute Poverty
  2. Relative Poverty
  3. Urban Poverty
  4. Rural Poverty

70. Full convertibility of a rupee means

  1. Purchase of foreign exchange for rupees freely
  2. Payment for imports in terms of rupees
  3. Repayment of loans in terms of rupees
  4. Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

71. India is called a mixed economy because of the existence of

  1. Public Sector
  2. Private Sector
  3. Joint Sector
  4. Cooperative Sector
  1. 1, 4
  2. 1, 2
  3. 3, 4
  4. 2, 4

72. The term stagflation refers to a situation where

  1. Growth has no relation with the change in prices
  2. Rate of growth and prices both are decreasing
  3. Rate of growth is faster than the rate of price increase
  4. Rate of growth is slower than the rate of price increase

73. Which is the largest state of India, populationwise, according to 2001 census?

  1. Maharashtra
  2. Bihar
  3. Uttar Pradesh
  4. West Bengal

74. The term ‘Green Revolution’ has been used to indicate higher production through

  1. Creation of grasslands
  2. Planting more trees
  3. Enhanced agricultural productivity per hectare
  4. Creation of gardens in urban areas

75. Revealed Preference Theory was propounded by

  1. Adam Smith
  2. Marshall
  3. P. A. Samuelson
  4. J. S. Mill

76. Gross Domestic Product is defined as the value of all

  1. Goods produced in an economy in a year
  2. Goods and services produced in an economy in a year
  3. Final goods produced in an economy in a year
  4. Final goods and services produced in an economy in a year

77. An exceptional demand curve is one that moves

  1. Upward to the right
  2. Downward to the right
  3. Horizontally
  4. Vertically

78. Production function explains the relationship between

  1. Initial inputs and ultimate output
  2. Inputs and ultimate consumption
  3. Output and consumption
  4. Output and exports

79. Who has been appointed the Governor of RBI after the retirement of Shri Y. V. Reddy?

  1. Dr. Indra Rangarajan
  2. Dr. Dilip Sanghvi
  3. Dr. Vijay L. Kelkar
  4. Shri D. Subbarao

80. The Draft of the Five Year Plans in India is approved by the

  1. National Development Council
  2. Planning Commission
  3. National Productivity Council
  4. Ministry of Finance

81. In Economics the terms ‘Utility’ and ‘Usefulness’ have

  1. Same meaning
  2. Different meaning
  3. Opposite meaning
  4. None of the above

82. Nature of unemployment in agriculture in India is

  1. Only seasonal
  2. Only disguised
  3. Both (a) and (b)
  4. None of the above

83. Among the following the celestial body farthest from the Earth is

  1. Saturn
  2. Uranus
  3. Neptune
  4. Pluto

84. A soap bubble shows colours when illuminated with white light. This is due to

  1. Diffraction
  2. Polarisation
  3. Interference
  4. Reflection

85. The instrument used to see the distant objects on the Earth is

  1. Terrestrial telescope
  2. Astronomical telescope
  3. Compound microscope
  4. Simple microscope

86. A person is hurt on kicking a stone due to

  1. Inertia
  2. Velocity
  3. Reaction
  4. Momentum

87. The fuse in our domestic electric circuit melts when there is a high rise in

  1. Inductance
  2. Current
  3. Resistance
  4. Capacitance