21. Which among the following method includes planning process and plan implementation to the grass root levels ?
[A] Totalitarian Planning
[B] Democratic Planning
[C] Indicative Planning
[D] Decentralized Planning
Show Answer
Correct Answer: D [Decentralized Planning]
22. As per the Lakdawala Formula , which among the following is accepted to estimate “urban poverty”?
[A] Consumer price Index for industrial labors
[B] Consumer price Index for Agriculture
[C] Wholesale Price index
[D] 2 & 3
Show Answer
Correct Answer: A [Consumer price Index for industrial labors]
23. In which plan Integrated Handloom Development Scheme was initiated ?
[A] 9th
[B] 10th
[C] 11th
[D] 12th
Show Answer
24. Which among the following is not a power of RBI?
[A] inspection of banks
[B] Nationalization of Banks
[C] Call of returns
[D] Control the lending policies of the banks
Show Answer
Correct Answer: B [Nationalization of Banks]
25. Which among the following publishes World Investment Report ?
[A] World Bank
[B] IMF
[C] OECD
[D] United Nations Conference on Trade and Development
Show Answer
Correct Answer: D [United Nations Conference on Trade and Development]
26. In a bid to introduce competitive bidding for allocation of coal blocks and benefit consuming industries, the government will soon replace the Mines and Minerals Development Regulation Act. In which year this act was enacted?
[A] 1951
[B] 1952
[C] 1955
[D] 1957
Show Answer
27. Which among the following is an anti-inflationary measure?
[A] Stagflation
[B] Hyper inflation
[C] Disinflation
[D] Deflation
Show Answer
Correct Answer: C [Disinflation]
28. Which among the following imposes a greater burden (relative to resources) on the poor than on the rich ?
[A] Progressive tax
[B] Regressive Tax
[C] Lump Sum tax
[D] Proportional tax
Show Answer
Correct Answer: B [Regressive Tax]
Notes:
A regressive tax is the one in which tax rate decreases as the amount subject to taxation increases; and the tax rate progresses from high to low. The lowest amount is subject to higher taxation and this leads to individuals with low income bear the highest burden of regressive taxes. Such tax does not take into account the ability to pay.
29. Which among the following is not correctly matched? (largest Producer states )
[A] Groundnut – Gujarat
[B] Sugarcane – Uttar Pradesh
[C] Jute – West Bengal
[D] Wheat – Punjab
Show Answer
Correct Answer: D [Wheat – Punjab]
Notes:
maximum quantity of Wheat is produced by Uttar Pradesh followed by Punjab and Haryana . Together they grow 80 % wheat of India
30. Which of the following acts was amended by the parliament in 1989, with a view to restore the faith in business transactions through cheques and speedy remedy in case of bouncing cheques?
[A] Negotiable instruments Act 1881
[B] Companies Act 1956
[C] Reserve Bank of India Act 1934
[D] Banking Regulation Act, 1949
Show Answer
Correct Answer: A [Negotiable instruments Act 1881]
