62. A firm is in equilibrium when its– (A) Marginal cost equals the marginal revenue (B) Total cost is minimum (C) Total revenue is maximum (D) Average revenue and marginal revenue are equal Ans. (A) 63. “Exchange of Commodities” between two countries means- (A) Trade surplus (B) Bilateral trade (C) Trade result (D) Multi lateral

33. Economic growth is dependent mainly on– (A) Level of consumption (B) Price stability (C) Level of investment (D) Population growth Ans. (C) 34. To achieve high rates of growth of national output, the economy has to– (A) Reduce the rate of growth of population (B) Borrow foreign capital (C) Step up the rate of

1. Multinational firm is– (A) A company started by foreign governments (B) A single company established in different countries (C) A company in India started by U.S. government (D) A company started jointly by India and U.S. Ans. (B) 2. Wh ich among the fo llowing is not the investment of goods & services? (A)

1. Oilseeds production Programme (OPP) was started in– (A) 1986 (B) 1987 (C) 1988 (D) 1990 Ans. (A) 2. Which is odd? (A) S.G.S.Y. (Swarna Jayanti Gram Swarozgar Yojana) (B) S.J.S.R.Y. (Swarna Jayanti Shahri Rozgar Yojana) (C) N.O.A.P.S. (National Old Age Pension Scheme) (D) N.R.E.G.S. (National Rural Employment Guarantee Scheme) Ans. (C) 3. Which is

1. “World Bank” is also called as – (A) International Bank for Reconstruction and Development (B) International, rehabilitation and development bank (C) International rehabilitee and development bank (D) None of these. Ans. (A) 2. World Trade Organization was established in– (A) 1991 (B) 1995 (C) 1997 (D) 1999 Ans. (B) 3. WTO was earlier known

1. Capital market regulator is– (A) NSE (B) RBI (C) SEBI (D) IRDA Ans. (C) 2. A short-term government security paper is called– (A) Share (B) Debenture (C) Mutual Fund (D) Treasury Bill Ans. (D) 3. In the context of the stock market, IPO stands for– (A) Immediate Payment Order (B) Internal Policy Obligation (C)

71. ‘Neo-Malthusian Theory’ is associated withwhich of the following? (A) Employment (B) Poverty (C) Resource scarcity (D) Income Ans. (C) 72. Which one of the following is also regarded as Disguised unemployment? (A) Underemployment (B) Frictional unemployment (C) Seasonal unemployment (D) Cyclical unemployment Ans. (A) 73. What was the main motive of Third Five Year

35. Commercialisation of agriculture implies– (A) Cultivation of timbers (B) Plantation (C) Production of crops for sale (D) Production of crops like wheat or rice Ans. (C) 36. India’s First Five Year Plan gave priority to– (A) Industry (B) Trade (C) Transportation (D) Agriculture Ans. (D) 37. ISI mark is not given to which of

1. Without insurance or uncertainity problem is– (A) Fire (B) Flood (C) Change in price of product (D) Change in fashion. Ans. (D) 2. Verghese Kurien is related to – (A) Blue Revolution (B) White Revolution (C) Yellow Revolution (D) Green Revolution Ans. (B) 3. Blue revolution is related to – (A) Fish production (B)

1. A part of National Debt known as External Debt is the amount. (A) Borrowed by its citizen from abroad (B) Lent by its citizens to foreign governments (C) Borrowed by its government from abroad (D) Lent by its government to foreign government Ans. (C) 2. The process of organizing business-pact between group of countries