SLBG-976-E085-ECONOMIC AND SOCIAL ISSUES

NABARD - ECONOMIC AND SOCIAL ISSUES

TEST No:SLBG-976-MOCKBK-E085 :: No of Questions:  085   ::   Time Allowed : 68  MinutesDirections: Please Tick Appropiate Option and Submit, Inform Serial Number of Questions where you need detailed Explanations to bhagirathprayash@gmail.com or Massage to 9462900411

Question 1:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Recently, Minister of State for Environment, Forest and Climate Change Prakash Javadekar launched a web portal for online submission of applications for environment clearance by State Environment Impact Assessment Authorities for Category B projects. How many states have joined the web portal instantly?
(a) 15 
(b) 19 
(c) 21 
(d) 25 

Answer: (b) 19

Question 2:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Under which constitutional amendment, was the rights and privileges of rulers of princely states taken away?
(a) 22th amendment 
(b) 25th amendment 
(c) 26th amendment 
(d) 29th amendment 

Answer: (c) 26th amendment

Question 3:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

A budgetary deficit means
(a) total expenditure is more than total revenue 
(b) capital expenditure is more than capital revenue 
(c) total expenditure is more than current revenue 
(d) current expenditure is more than current revenue 

Answer: (a) total expenditure is more than total revenue

Question 4:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which of the following is a multi level global campaign to spread awareness about importance of girls’ education?
(a) Education of Girls 
(b) Save Girls: Educate Girls 
(c) Girl Rising 
(d) Most important part of our Life: Girls 

Answer: (c) Girl Rising

Question 5:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The difference between revenue expenditure and revenue receipt is______
(a) Adverse balance of Payment 
(b) Income and Expenditure deficit 
(c) fiscal deficit 
(d) Revenue deficit  

Answer: (d) Revenue deficit

Question 6:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Who is considered as Father of industrialization in India?
(a) Ratan Tata 
(b) Jamshedji Tata 
(c) Aditya birla 
(d) Rahul sharma 

Answer: (b) Jamshedji Tata

Question 7:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The process of international integration arising from the interchange of world views, products, ideas and other aspects of culture is known as?
(a) Globalisation 
(b) Universalisation 
(c) Planetisation 
(d) Earthisation 

Answer: (a) Globalisation

Question 8:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The process of developing, pricing, promoting, and distributing rural specific goods and services leading to desired exchange with rural customers to satisfy their needs is known as?
(a) Urban marketing 
(b) Techy marketing 
(c) Rural marketing 
(d) Nerdy marketing 

Answer: (c) Rural marketing

Question 9:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The minimum maturity period of a Commercial Paper is _____
(a) 5 days 
(b) 7 days 
(c) 10 days 
(d) 28 days 

Answer: (b) 7 days

Question 10:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which indian person received nobel peace prize in 2014 ?
(a) Raman Satyarthi 
(b) Kailash Satyarthi 
(c) Kailash Kher 
(d) Anupam Kher 

Answer: (b) Kailash Satyarthi

Question 11:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

What is “Stagflation”?
(a) Inflation with growth 
(b) Deflation with growth 
(c) Inflation after deflation 
(d) Inflation with depression  

Answer: (d) Inflation with depression

Question 12:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

A perfect market situation exists when:
(a) The firms are not independent of each other. 
(b) There are large number of buyers and sellers.  
(c) There are large no. firms and small no. of buyers. 
(d) There are small no. of firms in an industry. 

Answer: (b) There are large number of buyers and sellers.

Question 13:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Money laundering refers to which of the following?
(a) Conversion of assets into cash 
(b) Conversion of gold into cash 
(c) Conversion of Black money gained from illegal activities to white money  
(d) Conversion of cash into gold 

Answer: (c) Conversion of Black money gained from illegal activities to white money

Question 14:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which among the following countries is not included in the Regional Comprehensive Economic Partnership (RCEP) negotiations?
(a) China 
(b) United States 
(c) India 
(d) Japan 

Answer: (b) United States

Question 15:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

What is a stale cheque?
(a) A cheque issued without drawer’s signature 
(b) A cheque with only signature of the drawer 
(c) A cheque which has completed three months from its date of issue 
(d) A six months post dated cheque 

Answer: (c) A cheque which has completed three months from its date of issue

Question 16:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which of the following terms are not used in banking sector?
(a) Statutory liquidity ratio 
(b) Fixed deposit 
(c) Non performing asset 
(d) RADAR 

Answer: (d) RADAR

Question 17:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Yen is the currency of
(a) China 
(b) France 
(c) Japan 
(d) Italy 

Answer: (c) Japan

Question 18:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The minimum amount that can be remitted using RTGS is _______
(a) 1 lakhs 
(b) 2 lakhs 
(c) 5 lakhs 
(d) 10 lakhs 

Answer: (b) 2 lakhs

Question 19:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Regional Rural Banks were established in our country during the year ______
(a) 1970 
(b) 1975 
(c) 1980 
(d) 1985 

Answer: (b) 1975

Question 20:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Minimum number of directors in a public limited company is
(a) 3 
(b) 5 
(c) 7 
(d) 9 

Answer: (a) 3

Question 21:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Balance of payment take into account :
(a) Visible items 
(b) Invisible items 
(c) Both visible and invisible items 
(d) None of the above 

Answer: (c) Both visible and invisible items

Question 22:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

A fall in the price of Rupee in terms of foreign exchange is termed as:
(a) Depreciation 
(b) Appreciation 
(c) Devaluation  
(d) Revaluation 

Answer: (c) Devaluation

Question 23:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which is the function of Asset Liability Mismatch?
(a) Liquidity risk management 
(b) Management of market risks (including Interest Rate Risk) 
(c) Funding and capital planning 
(d) All of the above  

Answer: (d) All of the above

Question 24:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Development expenditure of the Central government does not include
(a) expenditure on social and community services 
(b) expenditure on economic services 
(c) defence expenditure 
(d) grant to states 

Answer: (c) defence expenditure

Question 25:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Gilt-edged market means
(a) bullion market 
(b) market of guns 
(c) market of pure metals 
(d) market of government securities 

Answer: (d) market of government securities

Question 26:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The concept of Economic Planning in India is derived from ?
(a) USA 
(b) Australia 
(c) UK 
(d) Russia  

Answer: (d) Russia

Question 27:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

First five year plan in India was from
(a) 1947 – 1952 
(b) 1951 – 1956  
(c) 1950 – 1955 
(d) 1949 – 1954 

Answer: (b) 1951 – 1956

Question 28:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

National Development Council was constituted on
(a) August, 1952 
(b) 6 August, 1952  
(c) 8 August, 1952 
(d) 12 August, 1952 

Answer: (b) 6 August, 1952

Question 29:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

National Rural Employment Programme started in ?
(a) 1970 
(b) 1980 
(c) 1990 
(d) 2000 

Answer: (b) 1980

Question 30:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Industrial Development Bank of India (IDBI) established in
(a) 1960 
(b) 1962 
(c) 1964 
(d) 1966 

Answer: (c) 1964

Question 31:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Small Industries Development Bank of India (SIDBI) was established in :
(a) 1979 
(b) 1989 
(c) 1999 
(d) 2009 

Answer: (b) 1989

Question 32:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which state has the highest Per Capita Income in India ?
(a) Delhi  
(b) Punjab 
(c) Bihar 
(d) West Bengal 

Answer: (a) Delhi

Question 33:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

When was new rupee symbol was selected by Union Cabinet ?
(a) July 10, 2010 
(b) July 15, 2010  
(c) July 10, 2011 
(d) July 15, 2011 

Answer: (b) July 15, 2010

Question 34:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Export-Import bank of India was established in ?
(a) 1981 
(b) 1982 
(c) 1983 
(d) 1984 

Answer: (b) 1982

Question 35:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

International Monetary Fund (IMF) was established on :
(a) 25 September, 1944 
(b) 27 December, 1944 
(c) 25 September, 1945 
(d) 27 December, 1945 

Answer: (d) 27 December, 1945

Question 36:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Who has given “Big Push Theory” ?
(a) R. Rodan 
(b) Jack Hamilton 
(c) Amartya Sen 
(d) Dr. Abhishek Mathur 

Answer: (a) R. Rodan

Question 37:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Balance sheet shows
(a) Assets 
(b) Liabilities 
(c) Both assets and liabilities 
(d) Neither of them 

Answer: (c) Both assets and liabilities

Question 38:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

What is term Hot Money used for ?
(a) black money 
(b) white money 
(c) a money which is hard to come but easy to go 
(d) a money which comes easily and goes easily too  

Answer: (d) a money which comes easily and goes easily too

Question 39:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Abid Hussain Committee is related to ?
(a) Reform in taxes 
(b) Reform in small industries 
(c) Reform in middle level industries 
(d) Reform in government projects 

Answer: (b) Reform in small industries

Question 40:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

What is FEMA ?
(a) First Exchange Management Act 
(b) Foreign Exchange Management Act 
(c) Foreign Evaluation Management Act 
(d) Foreign Exchequer Management Act 

Answer: (b) Foreign Exchange Management Act

Question 41:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Export-Import bank of India was established in ?
(a) 1981 
(b) 1982 
(c) 1983 
(d) 1984 

Answer: (b) 1982

Question 42:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

International Monetary Fund (IMF) was established on :
(a) 25 September, 1944 
(b) 27 December, 1944 
(c) 25 September, 1945 
(d) 27 December, 1945  

Answer: (d) 27 December, 1945

Question 43:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Who has given “Big Push Theory” ?
(a) R. Rodan 
(b) Jack Hamilton 
(c) Amartya Sen 
(d) Dr. Abhishek Mathur 

Answer: (a) R. Rodan

Question 44:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Balance sheet shows
(a) Assets 
(b) Liabilities 
(c) Both assets and liabilities  
(d) Neither of them 

Answer: (c) Both assets and liabilities

Question 45:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

What is term Hot Money used for ?
(a) black money 
(b) white money 
(c) a money which is hard to come but easy to go 
(d) a money which comes easily and goes easily too  

Answer: (d) a money which comes easily and goes easily too

Question 47:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Who have written the book “Capital and Growth” ?
(a) A. R. Rodon 
(b) Hicks  
(c) Adam Smith 
(d) Marshall 

Answer: (b) Hicks

Question 48:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The Executive head of a state Government is ?
(a) Chief Justice of High Court 
(b) Chief Minister 
(c) The Governor  
(d) Prime Minister 

Answer: (c) The Governor

Question 49:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which one of the following is the banker of the banks ?
(a) State Bank of India 
(b) Reserve Bank of India  
(c) Central Bank of India 
(d) Punjab National bank 

Answer: (b) Reserve Bank of India

Question 50:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Deficit financing implies :
(a) printing new currency notes 
(b) public expenditure in excess of public revenue  
(c) replacing new currency with worn out currency 
(d) public revenue in excess of public expenditure 

Answer: (b) public expenditure in excess of public revenue

Question 51:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Life Insurance Corporation (LIC) of India was established in ?
(a) 1953 
(b) 1956 
(c) 1963 
(d) 1966 

Answer: (b) 1956

Question 52:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

“The Future of India” book is written by
(a) Amartya Sen 
(b) Chetan Bhagat 
(c) Bimal Jalan  
(d) Abhishek Nayar 

Answer: (c) Bimal Jalan

Question 53:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

“Underdeveloped countries are the slums of the world Economy.” This statement is by
(a) Ragnar Nurkse 
(b) A.N. Cairncross  
(c) Colin Clark 
(d) Jagdish Bhagwati 

Answer: (b) A.N. Cairncross

Question 54:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which of the following is known as long run average cost curve?
(a) Learning curve 
(b) Envelope curve  
(c) Equal product curve 
(d) Phillips curve 

Answer: (b) Envelope curve

Question 55:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which market structure symbolizes the existence of ‘few sellers’?
(a) Oligopoly  
(b) Monopoly 
(c) Monopolistic competition 
(d) Perfect competition 

Answer: (a) Oligopoly

Question 56:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

General Insurance Corporation (GIC) was established in ?
(a) 1972 
(b) 1977 
(c) 1982 
(d) 1987 

Answer: (a) 1972

Question 57:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

An Enquiry into the Nature and Cause of the Wealth of Nations” book is written by?
(a) Adam Smith 
(b) John Maynard Keynes 
(c) Sir Richard Hicks 
(d) Joseph Stiglitz 

Answer: (a) Adam Smith

Question 58:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Who among the followings gave the Communist doctrine?
(a) Adam Smith 
(b) Karl Marx and Frederick Engels  
(c) John Maynard Keynes 
(d) Joseph Stiglitz 

Answer: (b) Karl Marx and Frederick Engels

Question 59:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.
(a) Repo rate 
(b) Bank rate 
(c) Prime lending rate 
(d) Reverse repo rate 

Answer: (b) Bank rate

Question 60:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Number of times a unit of money changes hands in the course of a year is called_______
(a) Supply of money 
(b) Value of money 
(c) Purchasing power of money 
(d) Velocity of money  

Answer: (d) Velocity of money

Question 61:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

In India, Inflation measured by the :
(a) National Price Number 
(b) Consumer Price Index  
(c) Wholesale Price Index number 
(d) National Income Deflation 

Answer: (b) Consumer Price Index

Question 62:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

National Sample Survey Organisation (NSSO) was established in
(a) 1947 
(b) 1942 
(c) 1950 
(d) 1953 

Answer: (c) 1950

Question 63:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Who propounded the opportunity cost Theory of international trade?
(a) Ricardo 
(b) Haberler  
(c) Heckscher & Ohlin 
(d) Marshall 

Answer: (b) Haberler

Question 64:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Who among the following enunciated the concept of single factoral terms of trade?
(a) Jacob Viner  
(b) G.S.Donens 
(c) Taussig 
(d) J.S.Mill 

Answer: (a) Jacob Viner

Question 65:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Which of the following is also known as International Bank for Reconstruction and Development?
(a) Asian Development Bank 
(b) World Bank  
(c) Reserve Bank of India 
(d) International Monetary Fund 

Answer: (b) World Bank

Question 66:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

On which law of consumption the concept of consumer’s surplus is based?
(a) Engel’s law 
(b) Law of demand 
(c) First law of Gossen  
(d) Second law of Gossen 

Answer: (c) First law of Gossen

Question 67:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Bank of Rajasthan has been merged with—
(a) HDFC Bank 
(b) ICICI Bank 
(c) AXIS Bank 
(d) SBI 

Answer: (b) ICICI Bank

Question 68:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

R. N. Malhotra Committee gave recommendations on the field of
(a) Sick industries 
(b) Tax reforms 
(c) Insurance Sector 
(d) Banking Sector 

Answer: (c) Insurance Sector

Question 69:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

In which state, Punjab National Bank has installed the first Bio metric ATM ?
(a) Rajasthan 
(b) Delhi 
(c) Haryana 
(d) Uttar Pradesh  

Answer: (d) Uttar Pradesh

Question 70:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

In terms of geographical area India occupies what position in the world?
(a) 3rd 
(b) 5th 
(c) 7th 
(d) 9th 

Answer: (c) 7th

Question 71:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Kharif crops are sown in –
(a) June – July  
(b) October – November 
(c) May – June 
(d) March – April 

Answer: (a) June – July

Question 72:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The vitamin necessary for coagulation of blood is
(a) Vitamin B 
(b) Vitamin C 
(c) Vitamin K  
(d) Vitamin E 

Answer: (c) Vitamin K

Question 73:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Role of the group worker can be best understood through the term——?
(a) Indirect leader 
(b) Enabler 
(c) Resource person 
(d) Programme planner  

Answer: (d) Programme planner

Question 74:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The main feature of the primary group is—————?
(a) Face to face relationship  
(b) Relations are causal 
(c) It has large membership 
(d) It governs rules and regulations 

Answer: (a) Face to face relationship

Question 75:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Social group as a method of social work primarily aims at—————?
(a) Development of leadership qualities 
(b) Development of democratic life style 
(c) Development of capability for adjustment 
(d) All the above  

Answer: (d) All the above

Question 76:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The new world Trade organization (WTO), which replaced the GATT came into effect from____
(a) 1ST January 1991 
(b) 1st January 1995  
(c) 1st April 1994 
(d) 1st May 1995 

Answer: (b) 1st January 1995

Question 77:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Fiscal Policy means:
(a) Policy relating to money and banking in a country 
(b) Policy relating to non-banking financial institutions 
(c) Policy relating to government spending’ taxation and borrowing  
(d) Policy relating to financial matters of international trade 

Answer: (c) Policy relating to government spending’ taxation and borrowing

Question 78:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Monetary policy is implemented by in India.
(a) The Ministry of Finance 
(b) Reserve Bank of India  
(c) Planning Commission 
(d) The Parliament 

Answer: (b) Reserve Bank of India

Question 79:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

_____unemployment may result when some workers are temporarily out of work while changing job
(a) Seasonal 
(b) Frictional  
(c) Disguised 
(d) Technical 

Answer: (b) Frictional

Question 80:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

The recessive genes located on X-chromosome in humans are always
(a) Expressed in males 
(b) Expressed in females 
(c) Lethal 
(d) Sub-lethal 

Answer: (a) Expressed in males

Question 81:  NEXTGEN CAREER COACHING#9462900411--SLBG-976-M  

Ethical development means
(a) Imposition of do’s and don’ts 
(b) Forcing disagreement of what is wrong 
(c) Devising means to help children to make choice between the right and the wrong 
(d) Writing set pattern of rules and asking children to follow them 

Answer: (c) Devising means to help children to make choice between the right and the wrong