(A) Bihar (B) Orissa 27.
According to modern thinking,
(C) Rajasthan (D) Gujarat
20. Greshams Law in Economics
relates to
(A) Supply and demand
(B) Circulation of currency
(C) Consumption of supply
(D) Distribution of goods and
services
21. A mixed economy works pri-
marily through the
(A) Market mechanism
(B) Central allocative machinery
(C) Market mechanism regu-
lated by Government policy
(D) Market mechanism guided
by Government participation
and planning
22. How will a reduction in Bank
Rate affect the availability of
credit ?
(A) Credit will increase
(B) Credit will not increase
(C) Credit will decrease
(D) None of the above
23. When a large number of inves-
tors in a country transfer inves-
tments elsewhere because of
disturbed economic conditions, it
is called
(A) Transfer of Capital
(B) Escape of Capital
(C) Outflow of Capital
(D) Flight of Capital
24. Golden Handshake Scheme is
associated with
(A) Inviting foreign companies
(B) Private investment in public
enterprises
(C) Establishing joint enter-
prises
(D) Voluntary retirement
25. Inflation occurs when aggregate
supply is
(A) More than aggregate
demand
(B) Less than aggregate demand
(C) Equal to aggregate demand
(D) None of the above
26. In Economics, production
means
(A) Manufacturing
(B) Making
(C) Creating utility
(D) Farming
PD/August/2007/335
mental Duties of the Indian citi-
the law of diminishing returns zens ?
applies to (A) Article 50A
(A) Agriculture (B) Article 50B
(B) Industry (C) Article 51A
(C) Mining (D) Article 51B
(D) All fields of production 35. Which of the following countries
28. The concept that under a system has introduced direct demo-
of free enterprise, it is consumers cracy ?
who decide what goods and (A) Russia (B) India
services shall be produced and in (C) France (D) Switzerland
what quantities is known as
36. The idea of Pakistan was first
(A) Consumer Protection
conceived by
(B) Consumers Decision
(A) Muhammad Iqbal
(C) Consumer Preference
(B) M. A. Jinnah
(D) Consumers Sovereignty
(C) Shaukat Ali
29. Seawater, fresh air etc. are regar- (D) Aga Khan
ded in Economics as
37. Which of the following is not a
(A) Giffen goods
Fundamental Right ?
(B) Inferior goods
(A) Right to Equality
(C) Free goods
(B) Right to Property
(D) Normal goods
(C) Right to Freedom
30. If the price of tea falls, demand (D) Right to Constitutional
for coffee will Remedies
(A) Increase 38. The Fundamental Rights in our
(B) Decrease Constitution are inspired by the
(C) Remain same Constitution of
(D) None of the above (A) United States of America
31. Which of the following does not (B) United Kingdom
determine supply of labour ? (C) Switzerland
(A) Size and age-structure of (D) Canada
population
39. Who was the President of the
(B) Nature of work Republic of India who con-
(C) Marginal productivity of sistently described Indian
labour Secularism as Sarva Dharma
(D) Work-leisure ratio Samabhav ?
32. What are the residuary powers ? (A) Dr. S. Radhakrishnan
(A) Powers which are enume- (B) Dr. Zakir Hussain
rated in the State List (C) Dr. Rajendra Prasad
(B) Powers which are included (D) Giani Zail Singh
in the Union List 40. How many members of the Rajya
(C) Powers which are enumera- Sabha are nominated by the
ted in the Concurrent List President ?
(D) Powers which are not (A) Five
mentioned in any of the Lists (B) Twelve
(C) One-fifth of the total mem-
33. Gandhis inspiration for Civil
Disobedience came from the bers
writings of (D) Ten
(A) Henry David Thoreau 41. Which Article of the Constitution
(B) David Ricardo of India abolishes untouchability
(C) Henry Kissinger and forbids its practice in any
(D) Bertrand Russell form ?
34. Which Article of the Indian Con- (A) Article 16 (B) Article 17
stitution includes the Funda- (C) Article 18 (D) Article 15