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Group 2 Model Papers with Answers

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1. Expand "JAM":
1) Jan Dhan - Aadhar - Mobile
2) Jan Dhan-Adhar-Management
3) Just A Minute.
4) None of the above

2. As per the I.M.F. estimates the average global growth for 2015 was:
1) 3.5%
2) 3.8%
3) 4.5%
4) 3.1%

3. The new base year for G.D.P calculation is:
1) 2004 - 2005
2) 2012 - 2013
3) 2005 - 2006
4) 2011 - 2012

4. As per the 14th Finance Commission the quantum of tax devolution to the state government
was increased from - to?
1) 30% to 42%
2) 32% to 42%
3) 32% to 40%
4) 30% to 40%

5. Which of the following pairs is/are correct?
A) Swabhiman - Financial Inclusion
B) Swavalambhan - Financial Assistance
C) Swadhan - To provide holistic & integrated service to women
1) A and B
2) B and C
3) A and C
4) All the above

6. Which of the following statements is/are correct regarding PMKSY (Pradhan Mantri Krishi
Sanchay Yojana)?
A) It has the vision of "Har khet ko Pani" and "Per drop more crop"
B) It is a Merger of AIBP, IWMP and Farm water management?
1) A Only
2) B Only
3) Both are correct
4) None of the above

7. Which committee reported that remarkable progress happened in bringing down poverty from about 70 percent at independence to about 22 Percent in 2011-12?
1) Tendulkar Committee
2) Ahluwalia Committee
3) Gadgil Committee
4) Ranga Rajan Committee

8. What is Laissez - faire?
1) Mixed Economy
2) Controlled Economy
3) Non interference of Government in Economic Affairs
4) None of the above.

9. Who was called as "The Prince of Moneyers"?
1) Akbar
2) Babur
3) Mohammad-Bin-Tughlaq
4) Firoz Shah Tughlaq

10. During Vijayanagara empire which traveler remarked "The Tradesmen of each separate guild (or) Craft have their shops close to another"?
1) Abdur Razzak
2) Fernao Nuniz
3) Domingo paes
4) Marco Polo

11. The standard gold coin of the Mughals was:
1) Muhar
2) Tanka
3) DAM
4) DAMRI

12. Match the following.
List - I
i) Polaj
ii) Parauti
iii) Chachar
iv) Banjar
List - II
a) Annually Cultivated
b) Left fallow for a short period (for 1 or 2 years)
c) Left fallow for 3 to 4 years
d) Uncultivated for 5 years or more
1) i-a, ii-b, iii-c, iv-d
2) i-b, ii-d, iii-c, iv-a
3) i-c, ii-d, iii-a, iv-b
4) i-d, ii-c, iii-b, iv-a

13. Convertibility of Rupee implies:
1) Being able to convert rupee notes into gold
2) Allowing the value of rupee to be fixed by market forces
3) Freely permitting the conversion of rupee to other currencies and vice-versa
4) Developing an international market for currencies in India

14. Which unit of valuation is known as "Paper Gold"?
1) Euro Dollar
2) Sterling Pound
3) SDR
4) GDR

15. "EASE of Doing Business Report" is published by:
1) World Bank
2) IMF
3) ADB
4) U.N.

16. Match the following
List - I (Five Year Plan)
i) First
ii) Second
iii) Fifth
iv) Ninth
List - II (Emphasis)
a) Food Security and Women Empowerment
b) Heavy Industries
c) Agriculture and Community Development
d) Removal of Poverty
1) i-a, ii-b, iii-d, iv-c
2) i-a, ii-d, iii-b, iv-c
3) i-c, ii-b, iii-d, iv-a
4) i-c, ii-d, iii-b, iv-a

17. Which one of the following agencies of Indian government implements the Price Support Scheme (PSS)?
1) Food Corporation of India (FCI)
2) National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED)
3) Agriculture Price Agency of India
4) None of the above

18. The Indian Economy is Characterised by:
1) Pre-dominance of Agriculture
2) Low Per Capita Income
3) Massive Unemployment
4) All of the above

19. "Disguised unemployment" refers to:
1) Persons with no job
2) More persons employed for a job which a few can a accomplish
3) Unemployment among women
4) Unemployment of people above 60 years of age

20. "Inclusive Growth" is a phrase used in India's:
A) 8th plan
B) 10th plan
C) 11th plan
D) 12th plan
1) A and B
2) C and D
3) A and C
4) C and B

21. As the United Nations Sustainable Development Summit on 25th September 2015, World leaders adopted the 2030 agenda for sustainable development which includes as set of:
1) 17 Sustainable Development Goals
2) 16 Sustainable Development Goals
3) 15 Sustainable Development Goals
4) 14 Sustainable Development Goals

22. Which one of the following agencies is not included in the operation of the "Kisan Credit Card"?
1) Cooperative Banks
2) Regional Rural Banks
3) Scheduled Commercial Banks
4) NABARD

23. Match the following.
List - I
i) Khud Kadhta
ii) Pahis
iii) Muzariyans
List - II
a) Peasants have own lands and implements, living in own villages
b) Peasants basically outsiders but cultivated Rented lands
c) Peasants belonged to same village, but did not have either lands (or) implements
1) i-a, ii-b, iii-c
2) i-b, ii-c, iii-a
3) i-c, ii-a, iii-b
4) i-b, ii-a, iii-c

24. Match the following regarding three stages of colonialism.
List - I
i) Period of Mercantilism
ii) Period of Laissez faire
iii) Finance Imperialism
List - II
a) 1757-1813
b) 1813-1860
c) 1860-1947
1) i-a, ii-b, iii-c
2) i-b, ii-c, iii-a
3) i-c, ii-a, iii-b
4) i-a, ii-c, iii-b

25. Which is the apex organization of Industrial finance in India?
1) Industrial Finance Corporation
2) Industrial Credit and Investment Corporation of India
3) Industrial Development Bank of India
4) State Bank of India

26. Match the following.
List - I
i) Industrial Policy Resolution
ii) Industrial Development and regulation Act
iii) FERA
List - II
a) 1948
b) 1951
c) 1973
1) i-a, ii-b, iii-c
2) i-c, ii-a, iii-b
3) i-b, ii-c, iii-a
4) i-a, ii-c, iii-b

27. Global Competitiveness Report is released by:
1) World Trade Organisation
2) International Monitory Fund
3) World Bank
4) World Economic Forum

28. The term Khalisa in Mughal administration signified the:
1) Land owned by the emperor himself
2) Entire imperial establishment
3) Land from where revenue was collected for the imperial treasury
4) Religious land grants

29. The factory Act of 1881 was passed with a view to the:
1) Prohibit the employment of children below the age of 7 in any factory
2) Allow the workers to form Trade Unions
3) Fix the wages of industrial workers
4) Reduce the working hours for women employees

30. Which one of the following was a cause for the decline of the textile industry in Bengal during the 18th century?
1) Decline in the quality of production
2) Non-availability of raw material
3) High tariff rates on export to Britain
4) Non- availability of craftsman

31. Which of the followings was known as Manigramam?
1) The quarters for jewelers.
2) A new tax on Agriculture.
3) An association of Traders
4) Villagers granted Tax free to Brahmins in the Chola kingdom

32. Match the following.
List - I
i) The minimum wages Act
ii) The MATERNITY Benefit Act
iii) Payment of Bonus Act
iv) The payment of Gratuity Act
List - II
a) 1948
b) 1961
c) 1965
d) 1972
1) i-a, ii-b, iii-c, iv-d
2) i-d, ii-c, iii-b, iv-a
3) i-c, ii-b, iii-d, iv-a
4) i-b, ii-a, iii-c, iv-d

33. V.V. Giri National Labour Institute located in:
1) Noida
2) Kanpur
3) Mumbai
4) Bangalore

34. The central government announced new industrial policy as part of economic reforms on:
1) 24th July 1991
2) 24th June 1991
3) 24th May 1991
4) None of the above

35. Who coined the term "Hindu Rate of Growth" for Indian Economy?
1) B.K. Sen
2) Raj Krishna
3) Mahalanobis
4) Lakdavala

36. Which sector of Indian economy has shown a remarkable expansion during the last decade?
1) Primary Sector
2) Secondary Sector
3) Service Sector
4) Mining Sector

37. India's first television channel dedicated to farmers was:
1) DD Ryutu Channel
2) DD Kisan Channel
3) DD Kisan Mitra Channel
4) None of these



Group 2 Model Papers with Answers



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