Which one of the following statements is not correct?
1) Real GDP is calculated by valuing outputs of different years at common prices
2) Potential GDP is the real GDP that the economy would produce if its resources were fully employed
3) Nominal GDP is calculated by valuing outputs of different years at constant prices
4) Real GDP per capita is the ratio of real GDP divided by population

Which of the following sectors is/are key components of White Economy?
I. Manufacturing of Pharmaceuticals and Medical devices
II. Hospitals, dispensaries and Medical colleges
III. Research and Development in medical science
IV. Paramedical Services

Correct code is -
1) Only I, II and III
2) Only I
3) Only II, III and IV
4) All I, II, III and IV

The two largest denomination notes demonetized on 8 November, 2016 in India were -
1) 500 and 2000
2) 50 and 100
3) 500 and 1000
4) 100 and 500

Which of the following schemes enjoys the benefit of triple tax exemptions, i.e., the exempt-exempt-exempt (EEE) status?
1) Public Provident Fund
2) Equity Linked Savings Scheme
3) Senior Citizens Savings Scheme (SCSS)
4) National Savings Certificate Scheme

The Directorate General of Trade Remedies (DGTR), under Commerce Ministry, has initiated a probe to review the need for continuing imposition of antidumping duty on certain types of steel products imported from -
1) China
2) USA
3) Russia
4) Indonesia

Which economist developed international trade theory in 1817 based on comparative advantage and specialisation?
1) Paul Krugman
2) Gary Becker
3) Milton Friedman
4) David Picardo

Which of the following pairs is not matched correctly in relation to introduction of BASEL norms introduced by Bank of International Settlement, Basel (Switzerland)?
1) Basel I - 1988
2) Basel II - 2004
3) Basel III - 2010
4) Basel IV - 2021

The total sum of the goods and services produced in a country in a year minus depreciation is called -
1) Gross Domestic Product
2) Gross National Product
3) Gross National Income
4) Net Domestic Product

In an economy, if the share of its primary sector is 50% or more in the total output of the economy it is called as -
1) Industrial economy
2) service economy
3) Agrarian economy
4) Command economy

Pump Priming a term coined by Prof. J.M. Keynes is an effective tool to .......
1) Create employment through public investment even in unproductive activities during depression in the economy
2) Control inflation through fiscal measures
3) Encourage private entrepreneurs to invest in core sectors
4) Create infrastructure in urban areas