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Monday, June 6, 2011

Question and Answer Final Session--Indian Economics

1. The Supreme Court imposed a nation-wide ban on the manufacture and use of which of the following insecticides?
a) Chlorpyrifos; b) Abamectin; c) Endosulfan; d) Cypermethrin;
2. Who is the Chairman of Prime Minister’s Economic Advisory Council (PMEAC) ?
a) C. Rangarajan; b)Koushik Basu; c)Prabhat Patnaik; d) None of these
3. A proposed port in Gujarat, will relocate to a new site more than 15 years after it was conceived because the nation’s biggest oil explorer said it wouldn’t move an undersea gas pipeline, making the project unviable. Name the port.
a) Mundra Port, b)Sikka Port, c) Dahej Port; d) Vansi Borsi Port
4. Top diplomats from eight Arctic countries met at which of the following places very recently to set down rules for opening the vast region to fishing, tourism, oil and mineral exploration as global warming melts the ice
a) Nuuk; b) Geneva; c) Marrakesh; d) None of these
5. Hyundai is a MNC from which country?
a) Taiwan; b) South Korea; c) Thailand; d) Japan;
6. Which city is Europe's main bullion market?
a) Rome; b) Zurich; c) Berlin; d) London;
7. Baygon is a product of:
a) Reckitt and Colman; b) Hindustan Unilever; c) Reckitt Benckiser; d) Bayer;
8. The brand of spices owned by Dabur is:
a) Catch b) Homemade c) Everest d) MDH
9. What is common to Tractor, Apex, Utsav and Touchwood?
a) Soap brands b) Paint brands c) Heavy vehicle brands d) Plywood
10. The brands Eno and Horlicks belong to:
a) Nestle b) HUL c) Glaxo Smithkline d) Procter and Gamble
11. What is the name of McDonald's clown mascot?
a) Mack; b) Ronald; c) Goofy; d) Snoopy
12. United Nations Climate Change Conference 2010 is officially referred to as the … session of the Conference of Parties to the United Nations Framework Convention on Climate Change.
a) 18th; b) 17th; c) 16th; d) 15th;
13. Where was first the Asia–Europe Meeting (ASEM) summit held?
a) Thailand; b) Malaysia; c) India; d) Pakistan;
14. With which company would you associate Partha S. Bhattacharyya?
a) Coal India Limited; b) NTPC; c) IOC; d) Bharat Electronics Limited
15. Who has been awarded the Nobel Economics Prize2010?
a) Peter Granger; b) Jilly Cooper; c) Dale Mortensen; d) None of these
16. Jaitapur nuclear power plant is in which city?
a) Ratnagiri; b) Nagpur; c) Pune; d) Mumbai;
17. Srikumar Banerjee is associated with which of the following?
a) Atomic Energy Commission; b) Bhaba Atomic Research Centre; c) Defence Research And Development Organisation; d) None of these
18. Pallavan Double Plus and Pallavan Muthusaram RD are deposit schemes that belong to …
a) Indian Bank; b) Bank of Baroda; c) State Bank of India; d) Allahabad Bank
19. Department of Agricultural Research and Education comes under the Ministry of …
a) Commerce and Industry; b) Agriculture; c) Commerce and Industry; d) Food Processing Industries
20. An insurance plan, ‘JiyoFit’, has been launched by …
a) HDFC standard life; b) Bharti AXA; c) LIC; d) Bajaj Allianz
21. Where is the National Institute of Smart Government located?
a) Hyderabad; b) Mumbai; c) Pune; d) Chennai;
22. The Integrated Education for Disabled Children scheme was launched in …
a) 1954; b) 1965; c) 1974; d) 1991;
23. When was the Rural Electrification Corporation Limited incorporated as a Company under Companies Act, 1956?
a) 1969; b) 1971; c) 1989; d) 1991
24. In which country would you buy things using Lira?
a) Germany; b) Italy; c) USA; d) Myanmar;
25. Which one of the following countries is not a member of ASEAN?
a) Vietnam; b) Brunei Darussalam; c) Bangladesh; d) Myanmar;
26. Match List I (Person) with List II (Organisation/Area of Work) and select the correct answer using the code given below the lists:
List I List II
(Person) (Organisation/Area of Work)
A. Chanda Kochhar 1. Advertising
B. Amrita Patel 2. Banking
C. Indra Nooyi 3. Dairy Development
D. Piyush Pandey 4. PepsiCo
Code:
A B C D
a) 2 1 4 3
b) 4 3 2 1
c) 2 3 4 1
d) 4 1 2 3
27. What is Medecins Sans Frontieres (MSF)?
a) An agency formed by the International Olympic Committee (IOC) to check misuse of drugs by sportspersons;
b) A non-governmental organization whish specializes in international humanitarian aid and emergency medical assistance;
c) An organization to develop applications of nanotechnology in medicine;
d) An organization of medical practitioners funded by the European Union which carries out research against spread of AIDS;
28. Which of the following countries is not a member of the Nordic Council?
a) Norway; b) Denmark; c) Iceland; d) United Kingdom
29. Which of the following countries is the first country in the world to propose a carbon tax
for its people to address global warming?
a) Australia; b) Germany; c) Japan; d) New Zealand;
30. In the context of governance, consider the following:
1. Encouraging Foreign Direct Investment inflows
2. Privatization of higher educational Institutions
3. Down-sizing of bureaucracy
4. Selling/offloading the shares of Public Sector Undertakings
Which of the above can be used as measures to control the fiscal deficit in India?
(a) 1, 2 and 3; (b) 2, 3 and 4; (c) 1, 2 and 4; (d) 3 and 4 only
31. Who of the following shall cause every recommendation made by the Finance
Commission to be laid before each House of Parliament?
a) The President of India; b) The Speaker of Lok Sabha; c) The Prime Minister of India;
d) The Union Finance Minister
32. Which one of the following is responsible for the preparation and presentation of
Union Budget to the Parliament?
a) Department of Revenue; b) Department of Economic Affairs; c) Department of Financial
Services (d) Department of Expenditure
33. Which one of the following authorities makes recommendation to the Governor of a State
as to the principles for determining the taxes and duties which may be appropriated by the
Panchayats in that particular State?
a) District Planning Committees; b) State Finance Commission; c) Finance Ministry of that
State; d) Panchayati Raj Ministry of that State
34. Which one of the following is not related to United Nations?
a) Multilateral Investment Guarantee Agency; b) International Finance Corporation; (c) International Centre for Settlement of Investment Disputes; (d) Bank for International Settlements
35. The United Nations Framework Convention on Climate Change (UNFCCC) is an international treaty drawn at
(a) United Nations Conference on the Human Environment, Stockholm, 1972; (b) UN Conference on Environment and Development, Rio de Janeiro, 1992; (c) World Summit on Sustainable Development, Johannesburg, 2002; (d) UN Climate Change Conference, Copenhagen 2009
36. With reference to the United Nations Convention on the Rights of the Child, consider the following:
1. The Right to Development
2. The Right to Expression
3. The Right to Recreation
Which of the above is/are the Rights of the child?
a) 1 only; b) 1 and 3 only; c) 2 and 3 only; d) 1, 2 and 3
37. The International Development Association a lending agency, is administered by the
(a) International Bank for Reconstruction and Development
(b) International Fund for Agricultural Development
(c) United Nations Development Programme
(d) United Nations Industrial Development Organization
38. In India, the ports are categorized as major and non-major, ports. Which one of the following is a non-major port?
(a) Kochi (Cochin) (b) Dahej; (c) Paradip ; (d) New Mangalore
39. The Dul Hasti Power Station is based on which one of the following rivers?
(a) Beas; (b) Chenab; (c) Ravi; (d) Sutlej;
40. Which one among the following South Asian countries has the highest population density?
(a) India; (b) Nepal; (c) Pakistan; (d) Sri Lanka
41. Consider the following statements:
1. Infant mortality rate takes into account the death of infants within a month after birth.
2. Infant mortality rate is the number of infant deaths in a particular year per 100 live births during that year.
Which of the above statements is/are correct?
(a) 1 only; (b) 2 only; (c) Both 1 and 2; (d) Neither 1 nor 2
42. Which of the following pairs in respect of current power generation in India is/are correctly matched?
(Rounded Figure)
1. Installed electricity : 100000 MW Generation capacity
2. Electricity generation : 660 billion kWh
Select the correct answer using the code given below:
Codes:
(a) 1 only ; (b) 2 only; (c) Both 1 and 2; (d) Neither 1 nor 2;
43. As per India’s National Population Policy, 2000, by which one of the following years is it our long-term objective to achieve population stabilization?
(a) 2025 (b) 2035 (c) 2045 (d) 2055
44. Which one amongst the following has the largest livestock population in the world?
(a) Brazil; (b) China; (c) India; (d) USA
45. For India, China, the UK and the USA, which one of the following is the correct sequence of the median age of their populations?
(a) China< India < UK < USA; (b) India < China < USA < UK; (c) China < India < USA < UK; (d) India < China < UK < USA;
46. Where are Tapovan and Vishnugarh Hydroelectric Project located?
(a) Madhya Pradesh; (b) Uttar Pradesh; (c) Uttarakhand; (d) Rajasthan
47. Which two countries follow China and India in the descreasing order of their populations?
(a) Brazil and USA; b) USA and Indonesia; (c) Canada and Malaysia; (d) Russia and Nigeria
48. Which of the following are public sector undertakings of the Government of India?
1. Balmer Lawrie and Company Ltd.
2. Dredging Corporation of India
3. Educational Consultants of India Ltd.
Select the correct answer using the code given below: Codes:
(a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3
49. Consider the following statements with reference to Indira Gandhi National Old Age
Pension Scheme (IGNOAPS):
1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible.
2. The Central Assistance under this Scheme is at the rate of ` 300 per month per beneficiary. Under the Scheme, States have been urged to give matching amounts.
Which of the statements given above is/are correct?
(a) 1 only; (b) 2 only ; (c) Both 1 and2; (d) Neither 1 nor 2

50. What is the name of the scheme which provides training and skills to women in traditional and nontraditional trades?
(a) Kishori Shakti Yojna; (b) Rashtriya Mahila Kosh; (c) Swayamsiddha; (d) Swawlamban
100. What does S & P 500 relate to? (a) Supercomputer
(b) A new technique in e-business
(c) A new technique in bridge building
(d) An index of stocks of large companies
51. The term “Prisoner’s Dilemma” is associated with which one of the following? (a) A technique in glass manufacture
(b) A term used in shipping industry
(c) A situation under the Game Theory
(d) Name of a supercomputer
52. Consider the following statements:
1. Clean Development Mechanism (CDM) in respect of carbon credits is one of the
Kyoto Protocol Mechanisms.
2. Under the CDM, the projects handled pertain only to the Annex-I countries.
Which of the statements given above is/are correct?
(a) 1 only; (b) 2 only; (c) Both 1 and 2; (d) Neither 1 nor 2
53. Which one of the following Union Ministries is implementing the Biodiesel Mission
(as Nodal Ministry)?
(a) Ministry of Agriculture; (b) Ministry of Science and Technology; (c) Ministry of New and Renewable Energy; (d) Ministry of Rural Development
54. Which one of the following is not a member of the Shanghai Cooperation Organization?
(a) Russia; (b) Kazakhstan; (c) Ukraine; (d) Uzbekistan
55. Recently the Cabinet Committee on Economic Affairs (CCEA) approved the commencement of an Integrated Action Plan (IAP) in
(a) 60 Naxal hit districts; (b) 80 Naxal hit districts; (c) 50 Naxal hit districts; (d) 40 Naxal hit districts;
56. Which of the following statements is correct?
Fiscal Responsibility and Budget Management Act (FRBM Act) concerns
Fiscal deficit only; b) Revenue deficit only; c) Both fiscal and revenue deficit; d) neither fiscal deficit nor revenue deficit;
57. In which state is the Rajiv Gandhi National Institute of Youth Development located?
a) Tamil Nadu; b) Karnataka; c) Himachal Pradesh; d) Uttaranchal
58. Where is Davos—the venue of annual meeting of World Economic Forum, located?
France; b) Germany; c) Switzerland; d) Luxembourg
59. What is the Universal Product Code (UPC) adopted
a) Fire safety code in buildings; b) Earthquake-resistant building code; c) Bar code; d) Against adulteration in eatables;
60. With reference to the steel industry in India in the recent times, consider the following statements:
1. Vizag Steel Plant (RINL) has been declared Mini Ratna.
2. Merger of IISCO with SAIL has been completed. Which of the statements given above is/are correct?
(a) 1 only; (b) 2 only; (c) Both 1 and 2; (d) Neither 1 nor 2;

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