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

Which of the following directly affects the real economy?
1) Statutory Liquidity Ratio (SLR)
2) Reverse Repo Rate
3) Taxation
4) Marginal cost of funds based Lending Rate

Which of the following should be increased to control inflationary trends in the economy?
I. Repo Rate
II. Cash Reserve Ratio
III. Bank Rate

1) Only I
2) Only II
3) Only I and II
4) I, II and III all

Who among the following publishes the Economic Survey of India?
1) National Development Council
2) Ministry of Finance
3) Institute Finance
4) Indian Statistical Institute

In ....... economies, all productive resources are owned and controlled by the government.
1) dual
2) socialist
3) mixed
4) capitalist

The principal component(s) of Nehru-Mahalanobis strategy of economic development was/ were -
1. Restructuring economic dependency on metropolitan capitalism into independent economic development.
2. Transition from semi-feudal agriculture to capitalist farming.
Select the correct answer using the code given below -

1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2