1. Indian economy is generally rated as a developing economy. Which of the following characteristics is not true of India? (2)
(1) Lower per capital income as compared in the USA
(2) Lower infant mortality rate
(3) Lower share of the industrial sector in the national income
(4) Lower rate of capital formation
(5) None of the above
2. In a capitalist economy, the pattern of output is determined (1)
(1) by the demand and supply powers
(2) by the central authority
(3) according to the decisions of the owners of firms
(4) according to customs
(5) None of the above
3. Which among the following regulates the opening of bank accounts overseas by Indian residents and for outward of inward remission of funds through authorized channels? (4)
(1) Ministry of External Affairs
(2) Ministry of Finance
(3) Ministry of Overseas Indians
(4) Reserve Bank of India
(5) None of these
4. Which among the following is a correct statement about the contra funds? (1)
(1) Contra funds are likely to perform well in the long run but not in the short term
(2) Contra funds are likely to perform well in the short run but not in the long term
(3) Contra funds come with a guaranteed return and issued as a contract
(4) Contra funds are those funds in which only corporate investors are allowed to invest
(5) None of the above
5. India’s microfinance industry reported ………….% growth in fiscal 2016. (3)
(1) 56
(2) 37
(3) 60
(4) 18
(5) 40
