Q91. Per capita income is obtained by dividing national income by
(a) Total population of the country
(b) Total working population
(c) Area of the country
(d) Volume of the capital used
Answer: (a)
Explanation: Per capita income is obtained by dividing national income by the total population of the country per capita income, also known as income per person, which is the mean income of the people in a country. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.
Q92. Which of the following commissions/companies of Indian origin signed a pact for obtaining oil-blocks in Libya?
(a) Reliance petroleum
(b) Oil India Ltd.
(c) ONGC
(d) BPCL
Answer: (b)
Explanation: Oil sector majors, ONGC Videsh (OVL), and the Oil India-IndianOil (OIL-IOC) combine have bagged an oil block each in Libya. This will enhance exploration possibilities for Indian companies in northern Africa.
ONGC: An Indian multinational oil & Gas Company headquarters in Dehradun
BPCL – An Indian state-controlled oil and Gas Company headquarters in Mumbai (Maharashtra)
Reliance Petroleum – Oil Industry Company, Headquarters–Ahmedabad.
Q93. ‘World Investment Report’ is the annual report published by the International institution
(a) World Bank
(b) IMF
(c) WTO
(d) UNCTAD
Answer: (d)
Explanation: ‘World Investment Report’ is the annual report published by UNCTAD. Each year the report covers the latest trends in foreign direct investment around the world and analyses in depth one selected topic related to foreign direct investment and development.
World Bank: An international financial institution that promotes loans to developing countries for capital programs.
WTO: An Intergovernmental organization that regulates international trade. (Headquarters – Geneva)
Q94. A redistribution of income in a country can be best brought about through:
(a) Progressive taxation combined with progressive expenditure
(b) Progressive taxation combined with regressive expenditure
(c) Regressive taxation combined with regressive, expenditure
(d) Regressive taxation combined with progressive expenditure
Answer: (b)
Explanation: Progressive Tax is a process in which as the income of a person increases, the rate of income tax on the income also goes up. Regressive Tax is the process according to which as the income of a person goes up, the rate of tax goes down. A progressive tax structure improves the distribution of income.
Q95. Five Year Plan in India is finally approved by:
(a) Union Cabinet
(b) President on the advice of Prime Minister
(c) Planning Commission
(d) National Development Council
Answer: (d)
Explanation: In India, plans are formulated by the Planning Commission and are finally approved by the National Development Council. All state chief ministers are members of NDC. The NDC is headed by the prime minister of India.
Q96. Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?
(a) US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar
(b) US dollar, New Zealand dollar, Canadian dollar, Hong Kong dollar
(c) US dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar
(d) Hong Kong dollar, US dollar, New Zealand dollar, Canadian Dollar.
Answer: (a)
Explanation: According to the current time period, it should be the US, Canadian, New Zealand, Hong Kong Dollar. As Rs. 100 = 1.36 USD, 1.82 CAD, 2.06 NZD, 10.57 HKD
Q97. Consider the following financial institutions of India:
Industrial Finance Corporation of India (IFCI)
Industrial Credit and Investment Corporation of India (ICICI)
Industrial Development Bank of India (IDBI)
National Bank for Agriculture and Rural Development (NABARD)
The correct chronological sequence of the establishment of these institutions is:
Regional disparities in India are high and have been rising in recent years because:
There is persistent investment overtime only in select locates.
Some areas are agro-climatically less conducive to development.
Some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities.
Some areas have faced continuous political instability.
Which of the above statements are correct?
(a) 1, 2 and 3
(b) 1, 2 and 4
(c) 1, 3 and 4
(d) 2, 3 and 4
Answer: (a)
Explanation: The most appropriate answer is (a). Investment, weather conditions and agricultural transformation are the best indicators of agricultural development. Political stability plays a very small role in agricultural development.
Q99. Which of the following is not a part of the World Bank?
(a) IMF
(b) IBRD
(c) MIGA
(d) IDA
Answer: (a)
Explanation: International Monetary Fund is not a part of the World Bank. The International Monetary Fund (IMF) along with World Bank was created in 1944 at the Bretton Woods Conference. They are known as Bretton Woods Twins. The IMF promotes international monetary cooperation and exchange rate stability, facilitates the balanced growth of international trade. World Bank Group: 5 organization
1.IBRD (International Bank for Reconstruction and Development)
5. ICSID (International Centre for Settlement of Investment Disputes).
Q100. Where is the Headquarter of the World Bank located?
(a) Geneva
(b) Rome
(c) New York
(d) Washington D. C.
Answer: (d)
Explanation: The World Bank was created at the 1944 Bretton Woods Conference, including the International Monetary Fund (IMF). World Bank provides loans to developing countries for capital programs. The Headquarters of the World Bank is in Washington D.C.
