Explain the answer in short summary:

28. The Bretton Woods System was 32. Plant load factor of thermal power based on stations in India in recent years has (A) a gold standard been around B) a flexible exchange rate system (A) 50 percent a gold exchange standard (B) 60 percent none of the above (C) 70 percent 29. The imposition of an import tariff by (D) 80 percent a large nation (A) usually improves the nation's 33. Which of the following is not the part terms of trade and increases the of National Telecom Policy (NTP) volume of trade. 2012 in India ? (B) worsens the nation's terms of (A) Strive to create One-Nation- trade but increases the volume One License across services of trade and service areas. (C) worsens the nation's terms of (B) Achieve One Nation - Full trade and reduces the volume Mobile number portability of trade. (C) To work towards 'Right to (D) usually improves the nation's Broadband' terms of trade but reduces the (D) Recognize telecom as basic volume of trade. goods industry 30. The value of foreign trade multiplier will be high under the condition when 34. Percentage share of the (A) marginal propensity to save is high manufacturing output of India in the (B) marginal propensity to import world total is now is high (A) 2.2 percent (C) there is increase in exports (B) 3.9 percent (D) marginal propensity to consume (C) 6.2 percent domestic goods is high (D) 7.5 percent 31. Match the weight of different industry groups between List-I & List-II : 35. India's current account deficit in List - I List - II Balance of Trade is mainly due to a. Basic goods 1. 45.7 (a) Increasing imports of oil and industries petroleum b. Capital goods 2. 8.8 (b) Increasing imports of gold and industries silver C. Intermediate 3. 15.7 (c) Increasing imports of food goods industries grains d. Consumer goods 4. 29.8 (d) Increasing imports of iron and industries steel Codes : Codes : (A) (a), (b) and (c) (A) A (B) (B) (a) and (c) wt (C) (a) and (b) W N . NA. (D (D) (a) and (d)20. Which States/U.Ts. have been placed 24. Monetised deficit means at first three places in Gender (A) Fiscal deficit less interest Development Index List 2006 made by the Government of India ? payments (A) Kerala, Chandigarh, Goa (B) Government expenditure which (B) Kerala, Goa, Chandigarh is financed through the sale of (C) Chandigarh, Goa, Kerala adhoc treasury bills. (D) Goa, Kerala, Chandigarh (C) Increase in RBI credit to Central Government. 21. Assertion (A) : There is no incentive (D) Fiscal deficit less loans and for a profit maximizing advances. producer to supply the public goods. 25. A proportionate increase in tax Reason (R) : If he produces it he is unable to exclude people revenue to a proportionate increase in from consuming it and hence the tax base is called he cannot charge a price. (A) Elasticity of a tax Codes : (B) Buoyancy of a tax (A) (A) is true, but (R) is false. (C) Neutrality of a tax (B) Both (A) and (R) are false. (D) None of the above (C) (A) is not correct, but (R) is correct (D) Both (A) and (R) are correct 26. 'Vent for surplus approach' is and (R) is the correct applicable to explanation of (A). (A) Rich countries 22. The distribution of the burden of (B) Underdeveloped countries paying a tax is called (C) Oil exporting countries (A) Sharing of tax burden (D) None of the above (B) Shifting of the tax (C) Incidence of a tax 27. According to monetary approach, a (D) Tax capitalization revaluation of a nation's currency (A) increases the nation's demand 23. Which one of the following is short for money. period debt meant to meet current needs, that is filling temporary gap in (B) increases the nation's supply of budgets ? money (A) Funded debt (C) reduces the nation's demand (B) Unfunded debt for money (C) Redeemable debt (D) reduces the nation's supply of (D) Irredeemable debt money13. When additional government 15. The premise, that benefit of expenditure is financed by selling economic growth will reach all government securities, then what will sections of population is called be the nature of crowding out effect, (A) Trickle up effect given in List - I in the context of the (B) Trickle down effect situation given in List - II ? (C) Take-off effect List - I List - II (D) Backlash effect Crowding out Situation effect a. Full 1. Keynesian 16. In whose growth model, Range entrepreneur's significance is pivotal ? b. Partial 2. Classical (A) Keynes Range (B) Schumpeter c. Nil 3. Intermediate (C) Harrod Range (D) Domar Codes : a b C 17. The classical model of economic (A) 2 development emphasises (B) 3 NN (C) 3 (A) Laissez-Faire Policy (D) 2 (B) Capital Accumulation (C) Both (A) and (B) 14. Match items given in List - I with (D) None of these those in List - II : List - I List - II 18. Which one of the following pairs is a. Equation of 1. J.M. not correctly matched ? Exchange Keynes Author Book b. Cash Balances 2. Irving (A) Simon Asian Drama Approach Fisher Kuznets Regressive 3. W.J. (B) J. Robinson Essays in the Expectation Baumol Theory of model of Economic Demand for Growth Money (C) Karl Marx Das Kapital d. Square Root 4. A.C. (D) A.W. Lewis Theory of Formula of Pigou Economic Demand for and Growth Money Alfred Marshall Codes : 19. What does change in economic growth ? a (A) (A) Structure of economy (B) AWNI (B) Mindsets of people (C) N (C) National Income (D) None of these9. Assuming life cycle hypothesis, let a 11. The negative relationship between person starts working when he is 20 the gap between actual GDP and its years old, works until the age of 60 trend value and the difference and expects to die at the age of 70. If between actual unemployment rate this person earns, say