Q.1.Middle Income Trap refers to an economic development situation

1. When the number of middle income population out numbers others in a country
2. Where a country attains a certain income due to certain advantage, get stuck at that level
3. When the income of rich citizens increases at faster pace than middle income of population in a country.
4. Where the fiscal measures only focus on the middle income group’s development.

Q.2. Consider the following demographic realities of India Vs China

1. Meta Son Preference in India results in “unwanted girls” while in China it results in “missing women”
2. “Missing Woman” results only in India due to sex selective abortion and not in China
3. “Burst of Bubble” i.e. excess of male will result in India due to “son preference” but in China due to “one child policy”

Now, select the correct ones.

Q.3. In Which of the following cases “Bail-in” is proposed for PSBs by government?

1. When the failure of financial institution does not pose any systemic threat
2. When the government does not possess financial resources for bail-out of the PSBs
3. Both a & b
4. None of the above

Q.4. Convergence in economic development means

1. The gap between rich & poor countries closes down.
2. Economic growth of poor countries is faster than that of rich country
3. Both a & b
4. None of the above

Q.5. Lewisian Transformation model refers to

1. Structural changes in the economy
2. Labour transfer from farm to factory
3. Introduction of technology to increase productivity
4. Skill development through higher education

Q.6. Gender Gap Index of WEF measures gender gap with respect to

1. Social Security & custom
2. Economic participation & opportunity
3. Educational attainment
4. Health and survival
5. Political empowerment

Now, select the correct ones

Q.7. India’s membership to EBRD will

1. Enhance India’s international profile
2. Boost India’s investment opportunity
3. Enhance Competitive strength of Indian firms

Now, select the correct ones

Q.8. Which of the following efforts are seen to correct the short comings of Green Revolution?

1. Crop Diversification Scheme
2. Crop Insurance Scheme
3. Soil Health Card
4. VIIDP
5. Bringing Green Revolution in Eastern India

Now, select the correct ones.

Q.9.Money laundering is the process of transforming illegal money into “legitimate” assets. Such processes include

1. Smurfing
2. Black salaries
3. Bank capture
4. TBM
5. Shell Companies
6. Gambling

Now, select the correct ones

Q.10. International Food Policy Research Institute

1. Is a non-profit organization based in District of Columbia
2. Its publications include Global Hunger Index and Hunger Index for the states of India.
3. Its research area includes Gender and Development, Malnutrition climate change and transgenic crops.

Now, select the correct ones

Q.11. Doubling MSP

1. Will cause inflation
2. Will increase agri-production
3. May cause inflation
4. May cause inflation but will increase agri-production

Q.12. Consider the following institutions and their functions:

1. FSB makes recommendations about the global financial system.
2. BIS makes recommendations to check terrorist financing
3. GFXC promotes transparent forex market.

Now, select the correct ones

Q.13. NIIF established by government promotes infrastructural investment in

1. Green field Projects
2. Brown field Projects
3. Stalled Projects

Now, select the correct ones

Q.14. Bail –in provision for banks under FRDI bill will have negative impacts on

1. Small Saving bank accounts
2. Savings for retirement and marriages
3. Salary accounts of employees
4. Working capital of industries

Now, select the correct ones

Q.15.Global Hunger Index is based on the scores of following component indicators:

1. Proportion of undernourished
2. Proportion of U5 children suffering from wasting
3. Proportion of U5 children suffering from stunting
4. Mortality rate of U5 children.
5. Mortality rate of mother at the time of child birth

Now, select the correct ones

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