Study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. 

1. Consider the following statements:

1. The term Economic Development includes concept of economic growth as well.

2. Economic growth is concerned with structural changes in economy whereas economic develop-ment focuses upon increasing the GDP of country.

Which of the statement given above is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (a)

2. Consider the following statements:

(1) Difference between NDP at market price and GDP at market price is Depreciation only.
(2) Difference between NDP at factor cost and GDP at factor cost is Depreciation only.

Which of the statement given above is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (c)

3. Consider the following statements:

(1) The growth target of 12th FYP is 8.2 while it was 8% in 11th FYP
(2) The growth rate target for agriculture and manufacturing sectors are 4% and 10% respectively

Which of the statements given above is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (b)

4. Consider the following statements:

(1) India has the highest population density among top ten most populous countries of the world.
(2) 2001-11 is the first decade which has added lesser population compared to its previous decade.

Which of the statement given above is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (d)

5. In context of Lakdawala committee which statement is/ are correct?

(1) Poverty is calculated based upon Uniform recall period of 30 days.
(2) It used calorie intake method of 2400 calories for urban areas and 2100 calories for rural areas.

Code:

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (a)

6. In order to provide pensions to workers of the unorganized sector, which one among the following schemes has been launched by the Government?

(a) Swabhiman
(b) Swavalamban
(c) Swadhar
(d) Adhaar

ans : (b)

7. Consider the following statements:

(1) Green revolution has resulted into skewed growth of agriculture sector in India
(2) Green revolution has increased the yield of Wheat in particular.

Which of the statements given above is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (c)

8. Consider the following statements:

(1) Fiscal deficit is Total receipts minus total expenditure.
(2) Revenue deficit is more dangerous than Fiscal deficit.

Which statement given above is/are correct:

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (b)

9.Consider the following statement:

(1) Cash Reserve ratio is the ratio of total deposits in commercial banks it has to keep with RBI as cash reserves.
(2) At the time of Inflation RBI reduces CRR to reduce inflationary pressure.

Which of the statement given above is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (a)

10 Consider the following statement:

(1) The purpose of setting up the SEZ is more towards growth of domestic business while the aim of EPZ is to increase the exports of
Country.
(2) SEZ if more focused on manufacturing business while EPZ focuses upon manufacturing of goods and services as well.

Which of the statement given above is/are correct:

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

ans : (a)