In India, which one of the following is responsible for maintaining price stability by controlling inflation?

With reference to Indian economy, demand-pull inflation can be caused/ increased by which of the following? 1. Expansionary policies 2. Fiscal stimulus 3. Inflation-indexing wages 4. Higher purchasing power 5. Rising interest rates Select the correct answer using the code given below.

Which one of the following is likely to be the most inflationary in its effects?

Consider the following statements : 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. The Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct?

In a given year in India, official poverty lines are higher in some States than in others because

Consider the following statements: Human capital formation as a concept is better explained in terms of a process, which enables 1. individuals of a country to accumulate more capital. 2. increasing the knowledge, skill levels and capacities of the people of the country. 3. accumulation of tangible wealth. 4. accumulation of intangible wealth. Which of the statements given above is/are correct?

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

Despite being a high saving economy, capital formation may not result in significant increase in output due to

Which of the following brings out the ‘Consumer Price Index Number for Industrial Workers’?

With reference to Indian economy, consider the following statements: 1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade. 2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade. Which of the statements given above is/are correct?

With reference to inflation in India, which of the following statements is correct?

Which one of the following is likely to be the most inflationary in its effect?

A rise in general level of prices may be caused by 1. an increase in the money supply 2. a decrease in the aggregate level of output 3. an increase in the effective demand Select the correct answer using the codes given below.

The national income of a country for a given period is equal to the

Consider the following statements: 1. Inflation benefits the debtors. 2. Inflation benefits the bondholders. Which is/are correct?

To obtain full benefits of demographic dividend, what should India do?

Economic growth in country X will necessarily have to occur if

Consider the following specific stages of demographic transition associated with economic development: 1. Low birthrate with low death rate 2. High birthrate with high death rate 3. High birthrate with low death rate. Select correct order.

In the context of Indian economy, consider the following statements: 1. The growth rate of GDP has steadily increased in last five years. 2. Growth rate in per capita income has steadily increased in last five years. Which is/are correct?

Economic growth is usually coupled with

With reference to India, consider the following statements: 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only 2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles Which of the statements given above is/ are correct?

A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?

With reference to Indian economy, consider the following statements: 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years 2. The percentage share of Public Sector in GDP has declined in the last 10 years Which of the statements given above is/are correct?

Consider the following statements: 1. Between Census 1951 and Census 2001, the density of the population of India has increased more than three times. 2. Between Census 1951 and Census 2001, the annual growth rate (exponential) of the population of India has doubled. Which of the statements given above is/are correct?

Which one of the following is the correct sequence in decreasing order of contribution of different sectors to the Gross Domestic Product of India?

Which one among the following countries has the lowest GDP per capita?

1. The most appropriate measure of a country’s economic growth is its

1. The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base price of:

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

1. The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of

In an open economy, the national income (Y) of the economy is:
 1. C
 2. I
 3. G
 4. X
 5. M
 (Note: C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively)

The misery index is the sum of a country’s unemployment and inflation rate. The higher the index, the more miserable is the country to live in. The figure given below is the Misery Index for various countries in Europe:

Which of the following conclusions can be drawn from the misery index given above?

Select the correct answer using the codes given below:

The current price index (base 1960) is nearly 330. This means that

The current Price Index (base 1960) is nearly 330. This means that the price of:

The supply-side economics lays greater emphasis on the point of view of:

A consumer is said to be in equilibrium, if:

National Income is:

The main reason for low growth rate in India, in spite of high rate of savings and capital formation is:

A zero rate of Inflation obtains necessarily in a year where the annual rate of inflation:

As the GNP (Gross National Product) of a nation increases, the share of the tertiary sector

A deflator is a technique of

1. The data collection for national income estimation in India is done by

Which of the following is the correct ascending order of contribution to domestic savings?

Standard of living of a nation can be judged by

Price rise goes in favor of those who are

In India, the computation of national income is often difficult because of:

Highest per capita income is in

Cause of inflation is