explain the answers please
38. (i) Raj Committee on Taxation of Note : Question Nos. : 41 - 46 are of Agricultural Wealth and matching type. The candidates are Income. required to match List - I against (ii) Chellaiah's Tax Reform List - II and select the correct Committee answer code. (iii) Taxation Enquiry Commission 41. List - I List - II (iv) The Indirect Tax Enquiry Committee (a) Consumer's (i) Supply Surplus decision Codes : (b) Utility theory (ii) Art of (i) (ii) (iii) (iv) Advertising (B) (iii) (i) (iv) (ii) (c) Cost Analysis (iii) Progressive (C) (iii) (iv) () (ii) taxation (D) (Hi) () (iii) (iv) (d) Product (iv) Welfare differentiation economics 39. (i) Human Poverty Index Codes : (ii) Human Development Index (a) (b) (c) (d) (iii) Physical Quality of Life Index (A) (iv) (iii) () (ii) (iv) Head Count Index (Calorie (B) (iv) (iii) (ii) () measure) (C) (iii) (iv) (ii) () Codes : (D) (iii) (iv) (i) (ii) (A) () (ii) (iii) (iv) (B) (hi) () (iii) (iv) 42. List - I List - II (C) (iv) (iii) (ii) (i) (a) M, (i) C+ DD + OD +SD (D) () (i) (iv) (iii) (b) M, (ii) C + DD + OD 40. (i) Global Financial Crisis (c) M, (iii) C + DD + OD + TD (ii) Globalisation + TD of post office (iii) Great Depression (d) M, (iv) C + DD + OD + TD (iv) Gold Standard Mechanism Codes : Codes : (a) (b) (c) (d) (A) (iii) (iv) () (ii) (A) () (hi) (iii) (iv) (B) (i) (ii) (iv) (iii) (B) (ii) (i) (iv) (iii) (C) (iii) (iv) (ii) () (C) (iii) (iv) () (ii) (D) (iv) (iii) (ii) ( (D) (iv) () (i) (iii)Note : Arrange the following in order in 34. (i) Friedman's Quantity Theory of which they appeared. Use the code Money given below : (ii) Fisher's Equation of Exchange (Hii) Cambridge Equation of 31. (i) An Enquiry in to the Nature Exchange and causes of Wealth of (iv) Don Patinkins Theory of Nations. Money Codes : (ii) An Enquiry into the Nature (A) (ii) (iii) (iv) (i) and causes of Poverty of (B) (i) (ii) (iii) (iv) Nations. (C) (ii) (iii) (i) (iv) (iii) The General Theory of (D) (iii) (iv) (ii) (i) Employment, Interest and Money 35. Governors of Reserve Bank of India (iv) The Theory of Population. (i) Dr. C. Rangarajan Codes : (ii) Dr. I.G. Patel (A) (iv) (iii) () (ii) Dr. D. Subba Rao (iv) Dr. Manmohan Singh (B) (i) (iv) (iii) (ii) Codes : (ii) (i) (iii) (iv) (A) (iv) (ii) (iii) (i) (D) (i) (iii) (iv) (ii) (B) (ii) (iv) (i) (iii) (C) (iv) (i) (ii) (iii) 32. (i) International Monetary Fund (D) (ii) (i) (iv) (ii) International Finance Corporation 36. In terms of the size of the economy (i) China (iii) World Trade Organization (ii) India (iv) General Agreement on Tariffs (iii) USA and Trade (iv) Japan Codes : Codes : (A) (iv) (i) (iii) (ii) (A) (i) (iv) (iii) (ii) (B) (ii) (i) (iv) (B) (ii) (iv) (iii) (C) (Hii) (1) (ii) (C) (i) (iv) (ii) (iii) (D) (iv) (iii) (i) (ii) (D) (ii) (iii) (i) (iv) 37. (i) Secular Deterioration 33. (i) Imperialism Hypothesis (ii) Mercantalism (ii) Theory of comparative costs (iii) Capitalism (iii) Factor Endowment Theory (iv) Feudalism (iv) Factor-Price Equalization theorem Codes : Codes : (A) (ii) (iv) (iii) (i) (A) (i) (ii) (iii) (B) (iv) (iii) (ii) (i) (B) (iv) (iii) (ii) (i) (iii) (ii) (i) (C) (ii) (iv) (iii) (i) (D) (iv) (ii) (i) (iii) (D) (ii) (iii) (iv) (i)Note : Consider the following statements 25. Assertion (A) : Devaluation will and select the correct answer from lead to improvement in the codes given below for balance of trade Questions 21 to 30. (Assertion and Reason type Questions) : Reason (R) : Devaluation will lead to increase in price of exports. Codes : (A) Both (A) and (R) are true, and (R) is the correct explanation 26. Assertion (A) : Rate of interest of (A). decreases during depression. (B) Both (A) and (R) are true, and (R) is not the correct Reason (R) : People are explanation of (A). pessimistic during depression. (C) (A) is true but (R) is false. (D) (A) is false but (R) is true. 27. Assertion (A) : Reserve Bank of India raises money supply 21. Assertion (A) : Consumption is through purchase of securities high when saving is high in the money market. Reason (R) : Income is high Reason (R) : Increase in when investment is high. money supply may result in expansion of investment and 22. Assertion (A) : In Keynesian employment. theory, investment level depends upon rate of interest. Reason (R) : Rate of interest 28. Assertion (A) : Skewness is cost of production to the measures regression. company. Reason (R) : Kurtosis measures flatness at the top of frequency 23. Assertion (A) : Disguised curve. unemployment is present in India. Reason (R) : Agricultural 29. Assertion (A) : Sex ratio is productivity at margin is close below 1000 in India. to zero. Reason (R) : Sex ratio is above 1000 in Kerala. 24. Assertion (A) : Removal of poverty remains a central 30. Assertion (A) : Demand curve is concern of planning in India vertical when elasticity of Reason (R) : Development is not just about factories, dams demand is zero. and other infrastructure, it is Reason (R) : Marginal utility basically about human beings. of a product is increasing10. Human Development Index was 16. In a regression r is the ratio between formulated by (A) explained and total variation ) World Bank (B) International Monetary Fund (B) explained and unexplained (C) UNTAD variation (D) UNDP (C) unexplained and total variation (D) none of the above 11. In the Hekscher-Ohlin theory, the most important cause of the difference in relative commodity 17. The mean absolute deviation is prices and trade between nations is a minimised when calculated from difference in (A) mean (A) Factor endowments (B) mode (B) Technology Tastes (C) harmonic mean (D) None of these (D) median 12. 'Inclusive Growth" objective is given in the plan document of 18. Main objective of public distribution (A) Ninth Five Year Plan system is (B) Tenth Five Year Plan (A) Exports of food (C) Eleventh Five Year Plan (B) Import of food (D) Twelfth Five Year Plan (C) Food security 13. If X is distributed normally, then X? (D) Quality of food follows : (A) t distribution . Securities and Exchange Board of (B) Chi-square distribution India (SEBI) has to monitor (C) F distribution (D) The Poisson distribution (A) Companies coming for New Public issues 14. Critical minimum effort theory is (B) Regulation of stock exchanges given by in India (A) Leibenstein (C) Regulation of insider trading (B) Rosenstein Rodan and outsider trading (C) Arther Lewis (D) All the above functions Marx 15. Economic development process is 20. Which committee recommended tax concerned with on agriculture holding in India ? (A) A rise in per capita income (A) Tandon Committee (B) A rise in percentage GDP (C) Changes in structure of (B) Raj Committee economy (C) Kelkar Committee (D) None of these (D) Dantwala Committee1. Consider a Cobb Douglas production 5. If the economy is in the liquidity function : trap, then q = AK" LP which is homogeneous (A) Fiscal policy will be more function of degree 4. Of what degree effective of homogeneity are its marginal (B) Monetary policy will be more products functions (mp/ and mpk) effective (C) Crowding out effect will make 1.e- SL' SK fiscal and monetary policy (A) 4 (B) 3 effective (C) 2 (D) (D) None of the above Green Box subsidies under WTO are 6. If the price consumption curve of a allowed because they are considered commodity is bending backwards, to be then the commodity must be (A) Minimally trade distorting. (A) An inferior commodity (B) Higher among developed and (B) A perfectly elastic commodity relatively lower for developing (C) Normal commodity countries. (D) Giffen goods (C) They are confined to agriculture sector. 7. (D) They are related to GATS IS curve represents : (A) Goods Market Equilibrium provision. (B) Money Market Equilibrium 3. Which of the following gives (C) Bond Market Equilibrium measures of price elasticity of (D) Labour Market Equilibrium demand ? AQ, Px AP, PI 8. "Freedom as Development" book is (A) AP, 2. (B) AQ. Q. written by (A) Keynes AQ, Q. AP. (B) Amartya Kumar Sen (C) AP, P. AQ. (C) Mrs. Joan Robinson (D) Gunnar Myrdal 4. The rate at which the Central Bank discounts the bills of commercial 9. The Chairman of 13th Finance banks is called Commission is (A) Discount Rate (A) Dr. Vijay Kelkar (B) Bill Rate (B) Dr. M. Govind Rao (C) Interest Rate (C) Dr. C. Rangarajan (D) Lending Rate (D) Dr. Atul Sarma
