24/06/2016 College Lecturer Exam Economic
Admn And Finance ManagementI
1/41
Rajasthan Public Service Commission 2016
Paper Economic Admn And Finance ManagementI
Ques: 150
Time: 3 Hours


1. "The micro model is built solely on the individuals and deals with interpersonal relations only it was said by

Prof. Boulding

Prof. Chamberlin

Prof. Marshall

Prof. Leftwitch


2. Macro economics is not related with

National Income

Economic Developement

General Price Level

Production Function

3. Kautilya supports

Monarchism

Democracy

Feudalism

Dictatorship

4. Utility is a subjective concept. It implies that

Utility of a commodity is same for all

Utility is different of different goods

Utility is measurable

Utility is always positive

5. From which commodity amongst the following, the consumer surplus will be more

A new car model

Salt

Refrigerator

Coat

6. For studying, the consumer behaviour Cardinal Approach has been given by

Alfred marshall

Paul Samuelson

Boulding

Hicks Allen

7. The position and the shape of Indifference curve for a consumer is governed by

His tastes

Price of goods purchased

Amount of Income available

Price of goods purchased and the amount of Income available

8. In "Perfectly Elastic Demand", the elasticity of demands is shown as

ed 0

ed 1

ed 1

ed infinity

9. The another name of The law of Equimargianl utility" is

The law of demand

The law of consumer surplus

The law of Substitution

The law of utility

10. Indifference curve is Convex to the origin

Because of stable marginal rate of substitution

Because of increasing marginal rate of substitution

Because of diminisning marginal rate of substitution

Because of zero marginal rate of substitution

11. In perfect competition, the demand of commodity will be

Highly elastic

Perfectly elastic

Perfectly inelastic

Less elastic

12. Who did gine "Total outlay method" of measuring the "Elasticity of demands"

Prof. Flux.

Prof. Boulding.

Prof. Daulton

Prof. Marshall

13. No product differentiation is found in which of the following market

Perfect competition

Oligopoly

Monopolistic competition

Discriminating monopoly

14. In which condition, price discrimination is not possible

Small market Area

Legal Sanction

Difference in elasticity of demand.

Nature of commodity

15. Which of the following is a characteristic of oligopoly

A market situtaion with only a few buyers

A market situtaion with only a few sellers

A market situtaion with one sellers

A market situtaion with numerous sellers

16. " In a production process, keeping the quantity of all the factors constant, if the quantity of any one factor is increased by one unit then the increment in the total production is known as

Margianl Revenue Productivity

Marginal physical Productivity

Value of margianl product

Average Production

17. Long term production function is related with

Law of diminimising return

Law of Constant return

Law of Variable proportions

Returns to scale

18. According to Modern theory of Rent the rent will arise when

Actual Income Transfer Earnings

Actual Income Transfer Earnings

Actual Income Transfer Earnings

Actual Income is zero


19. Propounder of Loanable fund theory is

Myrdal

Klark

Keynes

Wickshel


20. Demand for transaction motive primarily depends upon

Present level of expectation

Present interest rate

Present level of Income

Present level of Profit

21. " Uncertainty Bearing Theary of Profit" was propounded by

Prof. F.H. Knight

Prof. Taussing

Prof. Walker

Mrs. Jhon Robinson

22. The formula of disposable income is

National Income Total population

Gross National Product Depreciation

Personal Income Direct Taxes Fees, Penlties

Net National Product Subsidies Indirect Taxes

23. Net national Product at factor cost is equal to

NNP at market price subsidies Indirect tax

NNP at market price Indirect tax subsidies

GNP at market price Indirect tax subsidies

GNP at market price subsidies Indirect tax


24. Marginal propensity to consume is ratio of

amount of consumption expenditure to the total income

amount of consuption expenditure to the change in Income

change in consuption expenditure to change in Income

change in consumption expenditure to the total income


25. According to modern economist's, which one of the following measure is not a good measure to raise the private investment

Reduction in Interest rates

Government Subsidy

Wages cuts

Reduction in corporate taxes

26. If expectancy of profit is high, then

Marginal efficiency of capital will be zero

Marginal efficiency of capital will decline

Marginal efficiency of capital will rise

Marginal efficiency of capital will be stable

27. Which of the following is not the assumption of Classical theory of Income and employment

Always is the situation of full empleyment

Free market price mechanism

Perfect Competition in labour and commodity market

Wages and prices are inflexible


28. The propounder of over saving theory of Business Cycle is

J.A Hobson

J. Schumpeter

A.C. Pigou

Hawtrey

29. Which one of the following method is known as the "consumption saving
method" of measuring National Income

Expenditure census method

Income census method

Production census method

Census of occupation method

30. In which year the book " An Enquiry into the nature causes of wealth of Nations " published

1756

1766

1776

1786

31. In India, to determine the poverty line in urban area per capita calorie for per day consumption has been assumed

2400 calories

2000 calories

2100 calories

2300 calories

32. Decade Growth rate in Population in India in the period of 2001-11 was

21.5

25.0

23.8

17.64


33. Who provides data of unemployment in India

National sample survery Organisation

Central Statistical organisation

Reserve Bank of India

Planning Commission


34. Duration of eleventh five year Paln is

2008 09 to 2012 13

2007 08 to 2011 12

2006 07 to 2010 11

2012 13 to 2016 17

35. Growth rate in Agriculture Sector during 2014 15 according to Economic Survey of 2014 15 has been

1.0

4.4

3.9

1.3

36. Which of the following is not the feature of liberalisation

To free the economy from bureaucratic control

To make the economy market based

To make loose economic policy

To make RBI fully autonomous

37. A situation where is a person does not get full employment according to his capacity qualification but that person engaged in some job, where his marginal productivity is zero or too little. Such type of unemployment known as

Seasonal Unemployment

Cyclic Unemployment

Disguised Unemployment

Technological Unemployment

38. Which of the following is not the argument in favour of Privatisation

Disinvestment in public sector for increasing financial resources

Full utilisation of resources in public sector

Reduction of Political interference in economic activity

Reduction in regional disparities

39. In public private partnership project, which of the following is not the model

funding model

operating model

ownership model

lease model

40. Public Private partnership can be applied for

as an short term management contract

as a long term management contract

as both short term and long term contract

as a no long term contract


41. Chairman of NITI Ayog is

Persident

Vice President

Finance Minister

Prime Minister

42. Highest share of public private patrnership in India is in the

Tele communication Sector

Water Supply Sector

Health Service Sector

Road Construction Sector

43. Members of Governing Council of Niti Ayog are

Chief Ministers of all states

Chief Ministers of all states and Deputy Governors of Union territories

Governors of all the states

Finance minister of all the states

44. Which of the follwoing is not the difference between NITI Ayog and Planning Commision?

Planning commission distributies fund where as Niti Ayog is an Advisory Body

Role of states is more in Niti Ayog where as it is less in Planning commission

Chief Executive Officer is appointed by Prime Minister in Niti Ayog where as Secretaries are appointed by Govt in Planning commission

Both are related with development of Country

45. Which one of the following is not included in Rural development

To increase the production and productivity

To reduce the Social economic disparities

To create employment opportunity

To check the Crime tendency.

46. National Rural Employment Programme was started on

2 October, 1980

1 January, 1978

1 March, 1982

1 February, 1986


47. Community development programme was started in

1952

1956

1961

1976

48. Integrated Rural Development Programme was implemented in all the blocks of the country on

2nd October, 1980

1st January, 1982

1st March, 1984

1st January, 1986

49. Which of the following is not the characterstic of cooperation

cooperation is a voluntary organisation

Mutual cooperation

Service motive

Restrictive membership


50. First phase of cooperation in India was started

in 1904 12

in 1912 18

in 1919 29

in 1939 47

51. In India, the causes of slow growth of cooperative movement are

general illeteracy

increase in outstanding amount of loan

Government interference

All of these

52. Rural Electrification Corporation was established in

1969

1976

1966

1980

53. Council of Advancement of People Action and Rural Technology was Constituted in

October, 1980

September, 1986

December, 1990

March, 1993

54. National Bank for Agriculture and Rural Development (NABARD) was established in

July, 1982

September, 1988

March, 1988

December, 1990


55. Which of the following is not studied in Public Finance

Public Revenue

Public Expenditure

Public Debt

National Income

56. " Public finace is the study of the principles underlying the spending raising of funds by public authorities" it was said by

Dalton

Robbins

Finlay Shirras

Plehn

57. Which is not the objective of Public Finance

Price stability

Increase in Economic Welfare

Maximization of Profit

Economic Development

58. The goal of Maximum Social Welfare can be achieved when

Marginal Sacrifice is greater than marginal utility

Marginal Utility is greater than margianl sacrifice

Margianl sacrifice marginal utility both are equal

None of these

59. Adam smith laid down four canons of taxation. Which of the following was not laid down by him?

Canon of Conveniance

Canon of Certainity

Canon of ability

Canon of elasticity

60. Which one of the following is not a direct tax

Income tax

Gift tax

Sale tax

Corporate tax

61. The basis of corporate tax is

Total turnover of the company

Profit after distribution of dividends

Profit before distribution of dividends

Capital employed in the company.

62. Indirect taxes are objectionable because these

are hard to collect

are regressive

do not raise enough revenue

are particularly hard on the rich


63. The incidence of tax means

The rate of taxation

The bearing of the ultimate money burden of the tax

Immediate responsibility to pay the tax

The effect produced by the tax

64. Which one of the following is not a social effect of taxation

Economic development

Social equility

Moral development

Social justice

65. " Present tax system" of India is based on

Regressive tax

Degressive tax

Proportional tax

Progressive tax


66. Burden of tax will be wholely born by consumer when the demand for the product is

Perfectly elastic

Perfectly inelastic

Unit elastic

Less elastic

67. Difference between tax avoidance and tax evasion is

of Legallity

of amount of tax

of tax payer

no difference

68. When marginal Social benefit of expenditure is equal to marginal social sacrifice of tax then it is called

Benefit principle of taxation

Principle of Maximum social advantage

Ability principle of taxation

Equal sacrifice principle of taxation

69. Productive debt is taken

For expansion of basic Infrastructure

For management of Natural Calamities

For war and security

For controling Inflation

70. Example of External debt is

Loan from International Monetary Fund

Loan from Central Bank

Loan from Commercial Bank

Loan from Public

71. Who introduced " The uniformity canon" of taxation

Lutz Benham

Nitty Conard

Dalton Marshall

Pigou Adam Smith

72. Which one of the following debts is a productive public debt

for reestablishment after war.

for covering the budget deficit.

for flood services.

for Railway.

73. which of the following is a tax revenue

Rental Income from public property

Interest income from Loan

Revenue from estate duty

Issue new paper currency

74. Which of the following items is not included in Public Revenue

Income Tax

Excise duty

Profit of Public Enterprise

Receipt from sale of Public Property

75. In India " Functional Classification budgeting" was introduced in the year

1950 51

1957 58

1967 68

1977 78

76. Which one of the following is not a "Internal public debt" source

Market debt.

Treasury Bills.

Debt from International institutions.

Provident funds.

77. In economic classification of central budget, there are

Two accounts

Three accounts

Four accounts

Six accounts

78. Gross fiscal deficit is equal to

(Expenditure Net Pending) (Revenue Receipt)

Expenditure Revenue Receipt

Revenue Receipt Revenue Expenditure

RBI's debt and credit to the Government

79. Deficit Budget will bring

A fall in price level

An increase in price level

No effect on price level

None of these

80. which Indirect tax will not be abolished by Goods and Service Tax

Central Sales Tax

Custom Duty

Excise Duty

Service Tax

81. Which is not the objective of Goods and Service Tax

To abolish Indirect Taxes on goods and sevices

To reduce the production cost

To increase the public revenue

To reduce the inequality of Income

82. " Money is the axis around which economic science clusters" this is the statement of

Crowther

J. S. Mill

Marshall

Pigou

83. "Money is, what money does." It was said by

Hartley Withers.

Ely.

Keynes.

Marshall.

84. In India the method of Issue of paper currency is

Simple Deposit

Percentage Reserve

Proportional Reserve

Minimum Reserve

85. "Monetary Policy means employing Central Bank's control of the supply of money as an instrument for achieving the objectives of General Economic Policy." it was said by

Hary Johnson.

G.K. Shah.

Jan Timbergen.

Robbins

86. Which one of the following is not a " monetary policy" instrument

Bank Rate

Open market Operation

Taxation

Cash reserve Ratio

87. Which one of the following is a monetary policy instrument to raise the credit facilities

Repo Rate

Loan facility in primary sector

Selective Credit Control

Consumer Credit Control

88. The technique of " Selective Credit Control" was introduced by Reserve Bank of India in

1956

1958

1957

1959

89. There are four method of credit control

Margin fixing
Consumer Credit Control
Discriminating Interest Rates
direct Action.

Which two of the above method related to "selective credit control technique"?

A and B

B and C

C and D

A and C

90. There are four points which affect the demand supply of money

The Transaction motive
The precautionary motive
Level of Bank reserves
Public desire to hold currency deposits.

Which two of the above points related to the "supply of money"

A and B

B and C

C and D

A and D

91. Main objective of monetary policy is not

Price stability

Full employment

Economic development

Buying and Selling of Securities

92. Which one of the following is not a physical measure to check the "Inflation"

Increase in Production.

Control over Storage.

Control over Export Import.

Decrease in Public Expenditure.

93. Which of the following is not the measure of quantity measures of Monetary policy to control the credit

Changes in Bank Rate

Changes in Cash Reserve Ratio

Changes in Liquidity Ratio

Rationing of Credit

94. Essential for Credit expansion is

Increase in Bank Rate

Increase in Cash Reserve Ratio

Reduction in Bank Rate

Selling of Securities in open market

95. There are four measures to control Inflation

Increase in taxes

Surplus Budget

Credit Control

Issue of New Currency.

Which two of the above measures are "fiscal measures"

A and B

B and C

C and D

A and D

96. Which one of the following is not a condition of " Deflation"

When monetary income decreases but production increases

When monetary income is constant but production increases

When monetary income increases but production decreases

When production is constant but monetary income falling

97. When in an economy, "EconomicRecession' and "Inflation" both are present then it is known as

Inflation

stagflation

Reflation

Disinflation

98. "The moneymarket properly speaking is the market for short term and day to day loans" it was said by

Crowther

Pigou

Sipman

Sayers

99. Repo rate is that at which

Central Bank borrows from Commercial Banks

Central Bank provides Loan to commercial Banks

Commercial Banks borrow from Central Bank on the basis of Government Securities

Interest is given to commercial Banks, on the cash reserve with Central Bank.

100. For calculating liquidity reserve assets, which is not included in Liquid assets

Gold

Cash Balance

Bill of Exchange

Government Securities


101. At present the Cash Reserve Ratio is

5

6

4

4.5

102. At present Repo rate is

6.5

5

7

7.5

103. Which of the following is not the objective of Fiscal Policy in India

Management of Public Revenue

Management of Public expenditure

Management of Public debt

Price stability

104. Which one of the following is not a part of "Organised moneymarket"

Sahukar

Private Bank

Development Bank

Reserve Bank

105. " Inflation is unjustiful and Deflation is inexpedient" this statement is of

Crowther

Hawtrey

Marshall

Keynes

106. Which one of the following is not a valid period of issuing Treasury Bill

14 days

18 days

182 days

364 days

107. "Discount Finance House of India" was established in

1990

1988

1991

1989

108. Which one of the following is not a part of "Capital Market"

Govt. Securities Market.

Industrial Securities Market.

Indigious Bankers.

development Financial Institutions.

109. Certificate of Deposit Scheme was started in

May, 1988

June, 1989

April, 1988

January, 1990


110. Which one of the following is the "Financial Intermediary" of "CapitalMarket"

Merchant Bank.

Venture Capital Companies.

Leasing Finance Company.

All of these

111. Which one of the following is the Instrument of "CapitalMarket"

Share

Govt. Security

Debenture

All of these

112. "Securities Trading Corporation of India" was established in

1994

1991

1995

1992

113. Which one of the following is not a type of "PreferenceShare"

equity

Convertible

Cummulative

Redeemable

114. " Multiplies " is

1 MPC

1 MPS)

1 MPS

1 APC)

115. Which one of the following is not a condition for the operation of the "multiplier"

Voluntary Unemployment.

Existence of an Industrialized Economy.

Existence of Elastic supply of Capital.

Existence of Excess Capacity in consumer goods Industries.

116. Which one of the following is not a cause of "Leakage from the income"

Saving.

Accumulation of Idle cash Deposits.

Export.

Debt Cancellation.

117. Who was the President of "Tax Enquiry Commission"

Kelkar.

Mahavir Tyagi.

Dr. John Mathai.

Prof. Raja J.Chalaiya.

118. Under whose leadership, commission on "Direct Indirect Taxes" was formed

Dr. John Mathai.

Kelkar.

Dr. Kauldor.

Mahavir Tyagi.


119. The coefficient of Accelerator is

Changes in Investment Changes in Income

Changes in consumption Changes in Investment

Changes in Investment Changes in consumption

Changes in consumption Changes in Income


120. Leakage in multiplier is caused by

Imports

Inflation

Rigid Tax policy

All of these

121. Which one of the following is not a source of tax revenue of Rajasthan Govt.

Custom Duty.

Tax on Agriculture Income.

Sales Tax.

Stamps Registration Fee.

122. Full form of RTDC is

Rajasthan Tourist Development Corporation.

Rajasthan Tour Development Company.

Rajasthan Tourism Development Corporation Ltd.

Rajasthan Tourism Development Company.

123. Which one of the following constraints is a main constraint of Economic Development of Rajasthan

Socio Economic Backwardness.

Drought Famine.

Industrial Backwardness.

All of these

124. Percentage of area of Rajasthan to the area of India, is

10.41

12.23

15.50

11.30

125. Percentage of population (2011) of Rajasthan to the total Population of India is

6

5.7

7

8

126. Index of infrastructure development of Rajasthan is

70

67

75

76

127. Share of Agriculture in Net domestic product of Rajasthan during 2014 15 was

20

25

33

19.43

128. Green Revolution in Rajasthan was started in

1955 56

1965 66

1975 76

2005 06

129. During 2013 14 irrigated area in Rajasthan was

73.50 Lac Hectare

80.05 Lac Hectare

94.55 Lac Hectare

83.8 Lac Hectare

130. The place of Rajasthan in Factory sector of India during 2007-08 was

4.3

6

8

12.5

131. The oldest organised Industry in Rajasthan is

Cement

Textile

Sugar

Vegetable oil

132. At present, the most helpful Industry in the Industrial development of the State is

Mineral based industry

Industry based on Cattle wealth

Agricultural goods based industry

Oil seeds based Industry

133. Allocated Circuits in Rajasthan for the purpose of development of tourism are

10

9

8

11

134. For the development of tourism in Rajasthan, the parspective area is not

Cultural Tourism

Wildlife Tourism

Industrial area Tourism

Sports Tourism

135. "The State Tourism Development Corporation Limited" was established in Rajasthan in the year:

1978

1976

1980

1986

136. In which District the Desert Industrial area is situated

Bikaner

Alwar

Jodhpur

Jalore

137. The first Export Promotion Industrial Park (EPIP) in Rajasthan was developed in

Bornada Jodhpur)

Neemrana (Alwar)

Sitapura (Jaipur)

Hamirgarh (Bhilwada)

138. The new Industrial planing of Rajasthan is not

Corrective

Liberal

Export oriented

Rigid

139. The actual expenditure (at current Price) in Eleventh Five year Plan of Rajasthan was

Rs. 81532 crore

Rs. 93951 crore

Rs. 97318 crore

Rs. 91832 crore

140. During five year plans of the state of Rajasthan, the Economic Social achievement has been very weak in

Agriculture

Industry

Energy

Population Control

141. During the various, five year plans of Rajasthan the highest share of Public expenditure has been incurred on

Community and social services

Irrigation and Power

Agriculture and rural Development

Industry, mining and Tourism

142. As per Census of 2011, the Unemployed in labour force of the state have been estimated as

20 Lac

30 Lac

38 Lac

33 Lac

143. The highest employment apportunities in the Rajasthan state are in

Agriculture sector

Dairy sector

Industries

Programmes of Rural Development

144. NAREGA scheme was introduced in state of Rajasthan on

2nd December, 2006

2nd January, 2006

2nd February, 2005

2nd February, 2006

145. Percentage of Literacy in Rajasthan during 2011 was

73

66

65.2

64.3

146. In Rajasthan, The ratio of population below the poverty line in 2011 12 was

14.7

21.4

16.8

24.8

147. The main reason of poverty in Rajasthan is

Population growth

Social backwardness

Under development of State

Geographic reason

148. The Integrated Rural Development programme was started for eradication of poverty in Rajasthan in the year

1978-79

1979-80

1980-81

1981-82

149. At present, The Drought Prone Area Programme is being implemented in number of districts, which are

8

10

13

11

150. In Rajasthan, the 'Integrated Watershed Management Programme' was started on

1st April, 2008

1st January, 2007

1st March, 2009

2nd Fabruary, 2005