Time to Mock Test 2





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1. Consider the following: 
1. Stamp Duty 
2. Property Tax
3. Excise Duty 
Which among the above is / are "production taxes"?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 3
[D]1, 2 & 3 
[    ] 
2. With reference to the current trends in Indian
exports, consider the following regions:  
1. Europe
2. America 
3. Asia 
4. Africa
There has been a consistent increase in India's exports
to which among the above in recent years?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 3 & 4
[D]Only 1 & 4
[    ]
3. With reference to India, consider the following: 
1. Lower Trade Deficit 
2. Higher Foreign Portfolio Investments
3. Higher External Commercial Borrowings
Which among the above help in lowering the Current
Account Deficit?
[A]Only 1
[B]Only 1 & 2
[C]1, 2 & 3
[D]Only 2 & 3 
[    ]
4. Consider the following: 
1. External Commercial Borrowings
2. NRI Deposits
3. Inward Remittances
Which among the above is / are part of India's external
debt?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3 
[D]1, 2 & 3
[    ]
5. What trends does the Human Development Index
2014 show about India? 
1. India's HDI value is lowest among BRICS countries
except Brazil  
2. India's Gender Development Index ranking is lower
than Bangladesh
Select the correct option from the codes given below:
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
6. With reference to recent trends in demography of 
India, a unique feature is a divided between different 
states. Consider the following statements with this
respect: 
1. There is a substantial fertility decline in the South
India in recent years in comparison to North India
2. Average population age is greater in case of South
India in comparison to North India
Which among the above is / are correct?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
7. With reference to CO2 emissions of India in
comparison to other nations around the world,
consider the following observations: 
1. In terms of total CO2 emissions, India is one of the
top 10 countries around the world 
2. In terms of per capita CO2 emissions, India is one of
the top 20 countries around the world 
Which among the above is / are correct?
[A]Only 1
[B]Only 2
[C]Both 1 & 2 
[D]Neither 1 nor 2
[    ]
8. With reference various sources of the tax revenue of
the Government of India, consider the following
observations: 
1. The contribution of Corporation Tax is significantly
larger in comparison to the contribution of Income Tax 
2. The contribution of Custom Duty is significantly
larger in comparison to the contribution of Service Tax
Which among the above observations is / are correct? 
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
  

9. The introduction of the GST is projected to be a
significant step in the field of indirect tax reforms in
India. How the proposed GST regime is different from
the current concept of taxation in India? 
1. GST is a destination-based tax as against the present
concept of origin-based tax
2. GST will be levied only by central government as
against present system of dual levy 
Select the correct option from the codes given below: 
[A]Only 1 
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
10. Consider the following: 
1. Recoveries of loans
2. Proceeds from disinvestment
3. Interest and dividend receipts
4. Receipts from services provided by the central
government
Which among the above is / are non-tax revenues?
[A]Only 1, 2 & 4
[B]Only 2, 3 & 4
[C]Only 3 & 4
[D]Only 4
[    ]
11. In recent times, there is a sharp downturn in the
prices of the crude oil. What is / are reasons for this? 
1. The demand for oil has decreased in large Asian
economies such as China
2. Shale gas exploration and extraction has increased in
countries such as US and Canada
3. Oil production in Iraq and Libya has increased 
suddenly
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
12. The Asset quality of Public Sector Banks has come
under stress in recent times. What is / are reasons for
the same?  
1. The public sector banks have lent high loans to
infrastructure and real estate companies
2. The private sector banks are offering better products
/ services to general public
Select the correct option from the codes given below:
[A]Only 1 
[B]Only 2 
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
13. In recent times, the Bali Package was making news.
Consider the following statements in this context: 
1. The Agreement on Agriculture (AoA) bars the public
procurement and stockholding meant for food security
2. The Bali Package allows the developing countries to
continue their public stockholding programmes for 
food security 
Which among the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
14. Which among the following is / are benefits of
Agricultural mechanization? 
1. It increases productivity per farm worker
2. It enables efficient utilization of inputs 
3. It increases number of farm jobs available
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
15. With reference to the food procurement in India,
the Decentralized Procurement (DCP) scheme has been
adopted by some state governments. What is / are
benefits of such scheme? 
1. State governments can procure food grains more
suited to the local taste 
2. Enhances the efficiency of procurement and
distribution
3. Saves procurement costs for government
4. Farmers get extended benefits of Minimum Support
Price Scheme
Select the correct option from the codes given below:
[A]Only 1, 2 & 3
[B]Only 2, 3 & 4
[C]Only 1, 3 & 4
[D]1, 2, 3 & 4 

[    ]
16. The un-integrated and distortion ridden
agricultural market is one of the most striking
problems in agriculture growth in India. Consider the
following statements with this reference: 
1. Agriculture in India is a State subject and APMC acts 
are administered by states 
2. A national common market for agricultural produce 
cannot be established in India without state's consent
Which among the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
17. Consider the following:  
1. Coal Industry  
2. Fertilizer Industry 
3. Textile Industry 
4. Cement Industry 
Which among the above is / are core industries?
[A]Only 1 & 4
[B]Only 1, 2 & 4
[C]Only 1, 2 & 3
[D]1, 2, 3 & 4
[    ]
18. Consider the following: 
1. Coal Bed Methane
2. Shale Oil
3. Shale Gas
Which among the above is / are being produced in
India currently?
[A]Only 1
[B]Only 1 & 2
[C]Only 1 & 3
[D]None of them
[    ]
19. Which among the following document is presented
in the parliament as per mandate of Article 112?
[A]Annual Financial Statement 
[B]Demands for Grants
[C]Appropriation Bill
[D]Finance Bill
[    ]
20. Consider the following: 
1. Rate of Inflation
2. Current Account Deficit 
3. Fiscal Deficit 
Which among the above is / are included in the
Macroeconomic Vulnerability Index released by India's 
Ministry of Finance?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ] 
21. Which among the following is / are used for
computation of the rational investor ratings index? 
1. Fiscal Deficit 
2. Current Account Deficit 
3. Inflation
4. Revenue Deficit 
Select the correct option from the codes given below:
[A]Only 1, 2 & 3
[B]Only 2, 3 & 4 
[C]Only 1, 2 & 4 
[D]1, 2, 3 & 4
[    ]
22. Which among the following is / are correct
statements with respect to the Fourteenth Finance
Commission recommendations:
1. It recommended to enhanced the share of the states
in the central divisible pool of taxes from 32 percent to
42 per cent
2. It has used forest cover and fiscal discipline in the
formula for distribution of funds among states
Select the correct option from the codes given below:
[A]Only 1
[B]Only  2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
23. Which among the following commodities displays
characteristics of inferior goods?
[A]Wheat
[B]Kerosene
[C]LPG
[D]Paddy
[    ] 
24. With reference to the Statutory Liquidity Ratio
(SLR), consider the following observations: 
1. Banks can keep cash, government bonds as well as
gold to meet their SLR requirements
2. SLR is one of the means to finance government's
fiscal deficit 
Which of the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2 
[D]Neither 1 nor 2
[    ]
25. The central Statistical Office (CSO) has started
measuring economic growth by gross value-added
(GVA) at basic prices, replacing the practice of
measuring it by GDP at factor cost. What is the 
difference between GDP at factor cost and GVA at
basic prices?
[A]Production taxes are included and production
subsidies excluded from GVA at basic prices
[B]Production taxes are excluded and production
subsidies included in GVA at basic prices
[C]Production taxes and production subsidies included
in GVA at basic prices
[D]Production taxes and production subsidies excluded 
from GVA at basic prices 
[    ]
26. Consider the following: 
1. Consolidated Fund of India
2. Contingency Fund of India
3. Public Account
No amount can be drawn from which among the
above without prior authorization from Parliament?
[A]Only 1
[B]Only 1 & 2
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
27. Consider the following statements: 
1. The expenditure which does not result in creation of
assets for Government of India is generally treated as
revenue expenditure
2. All grants given to State Governments/Union
Territories are treated as revenue expenditure
Which among the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2 
[    ]
28. Consider the following states: 
1. Himachal Pradesh
2. Jharkhand 
3. Maharashtra
Which among the above have Schedule V areas?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3 
[    ]
29. If a company has "Trade Receivables", this implies
that __:
[A]It has made a sale but yet to collect payments
[B]It has received payments but yet to make a delivery
[C]It has received an order but yet to make delivery 
[D]None of the above is a correct definition 
[    ]
30. Which among the following is / are correct
statements with respect to the Pradhan Mantri
Suraksha Bima Yojana? 
1. This scheme is available for people in the age group
of 18-70 years
2. The premium for this scheme is only Rs. 12 per
month 
3. The scheme provides accidental death and full 
disability cover of Rs. 2Lakh 
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
31. With reference to the social security schemes
announced recently, c
onsider the following
comparisons between Pradhan Mantri Suraksha Bima
Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima
Yojana (PMJJBY): 
1. While PMSBY is a General Insurance Scheme, PMJJBY
is a Life Insurance scheme
2. While a small premium has to be paid in case of
PMSBY, all premium is borne by the government in
case of PMJJBY
Which among the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
32. In recent times, the concept of "plug-and-play" 
projects was making news. Consider the following
statements with this respect: 
1. All statutory clearances will be obtained by
government before awarding the project 
2. Plug and Play model ensures that infrastructure
projects don't get delayed
Which among the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2 
[D]Neither 1 nor 2
[    ]
33. Which among the following is / are objectives of
the Public Debt Management Agency (PDMA), which
the government intends to set up? 
1. Streamline the debt requirement of the government 
2. Sale and Purchase of Bonds 



3. Monitor the utilization of external and domestic
public debt
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
34. Which among the following indicates the total 
borrowing requirements of Government from all 
sources?
[A]Revenue deficit
[B]Fiscal Deficit
[C]Primary Deficit
[D]Effective Revenue Deficit
[    ]
35. Which among the following is / are objectives of
the Pradhan Mantri Krishi Sinchai Yojana (PMKSY): 
1. To ensure access to water to every agricultural farm 
2. To increase efficient use of water 
3. To provide end to end solutions in irrigation supply
chain
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
36. As per the current norms, which among the
following is a measure of headline growth rate in
India?
[A]GDP at factor cost at constant prices
[B]GDP at factor cost at current prices 
[C]GDP at constant market prices
[D]GDP at factor cost
[    ]
37. For the national accounting purpose, which among
the following activities is considered to classified as
"Investment" in the GDP: 
1.Purchasing a new house
2.Purchasing Shares of a Company 
3.Purchasing Debentures of a company 
4.Purchase of software 
Choose the correct option: 
Answer:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 , 2 & 3
[D]Only 1 & 4 
[    ] 
38. Which among the following is / are the “Transfer
Payments”? 
1. Subsidies
2. Social Security expenditure done by Government
3. Pensions delivered via National Social Assistance
Programme
4. Government contribution in the New Pension
Scheme
Choose the correct statements from the above: 
[A]Only 1, 2 & 3 
[B]Only 2, 3 & 4
[C]Only 1, 3 & 4
[D]1, 2, 3 & 4
[    ]
39. Consider the following statements: 
1.The salaries of both the high court and Supreme
Court judges are charged from Consolidated Fund of
India
2.The charged expenditure on consolidated fund of
India cannot be voted or discussed in the house
Which among the above statements is / are correct?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
40. Which among the following is / are correct
statements with respect to the cut motions? 
1. Cut motion represents disapproval of the Budget
Provisions
2. Cut motion if passed, is equivalent to no-confidence
motion
Select the correct option from the codes given below: 
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
41. Consider the following statements: 
1. No cut motion can be moved on charged
expenditures
2. A cut motion is allowed only if it is related to only
one demand 

Which among the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ] 
  



42. With reference to the Vote on Account, which
among the following statements is / are correct? 
1.The Vote on Account can be presented by only a
caretaker government
2.Vote on Account has provisions of only expenditure
side of budget 
3.Vote on Account can be valid only for 2 months
4.No appropriation bill is passed for Vote on Account
Which among the above statements is / are correct? 
[A]Only 1, 2 & 3 
[B]Only 2 & 3
[C]Only 2
[D]Only 3 & 4
[    ]
43. Consider the following statements: 
1. Revenue receipts of the government represent
income without accompanied liability 
2. Revenue expenditure of the government represent
consumption without accompanied asset
Which among the above statements is / are correct?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
44. Which among the following can be used by the
Government of India to raise its revenue receipts? 
1. increasing Tax Rates
2. getting more grants from abroad
3. increasing Tax-GDP Ratio 
4. increasing debt-GDP Ratio
Select the correct option from the codes given below:
[A]Only 1, 2 & 3 
[B]Only 2, 3 & 4
[C]Only 1 & 3
[D]1, 2, 3 & 4
[    ]
45. Which among the following would be advisable to
curb the revenue deficit? 
1. Cutting expenditures on subsidy 
2. Cutting social expenditures
3. Imposing import controls
Choose the correct option from the codes given below: 
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
46. Under which among the following headings, the 
proceeds of government bonds come in the budget ? 
[A]Capital outlay
[B]Current expenditure
[C]Capital receipts
[D]Revenue expenditure
[    ]
47. Which among the following is / are Capital
Expenditure of the Government: 
1. Loan given by Government of India to other parties
2. Loan which government had borrowed in past but 
now has repaid 
3. Expenditure on Planned development of Union and
States
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
48. Consider the following transactions: 
1. Government of India borrowed money from World
Bank on low interest
2. Government of India borrowed money from market
by issuing bonds
3. World Bank gives grant to Government of India
Which among the above is / are capital receipts?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
49. Consider the following: 
1. Corporation Tax
2. Grants Received from a foreign country  
3. Loans from International Fund
4. Interest free loans from IDA
Which among the above are the “Revenue Receipts” of
the Government?
[A]Only 1 & 2
[B]Only 1, 2 & 3
[C]Only 2, 3 & 4
[D]1, 2, 3 & 4
[    ]
50. Money received by the government on which 

among the following is deposited in the Consolidated
Fund of India? 
1. Money received as external grant 
2. Money invested by public in National Saving
Certificates
Choose the correct option from the codes given below: 
[A]Only 1 


[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
51. Which among the following statements in context
with the Planned Expenditures is / are correct? 
1. They are generally the routine administrative
expenditures of the Government
2. They are generally routed through the central 
ministries to state governments 
3. They are generally incurred in the name of Planning
Choose the correct option:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
52. Consider the following observations regarding
taxation in India: 
1.The share of Direct Taxes in total tax collection is
more than that of indirect taxes
2.The share of corporation tax in total direct taxes is
more than that of income tax
Which among the above observations is / are correct?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
53. With reference to the public debt in India, consider
the following statements: 
1. The Internal Debt is substantially higher than the
external debt  
2. Maximum share of the external debt on India is of
money borrowed from IMF and World Bank 
Which among the above statement is / are correct?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
54. The Finance Commission recommends measures
to__:  
1. augment the consolidate fund of India
2. augment the Consolidated Fund of a State
3. augment the resources of Panchayats and
Municipalities
Select the correct option from the codes given below:
[A]Only 1 & 2 
[B]Only 2 & 3 
[C]Only 1 & 3
[D]Only 2
[    ]
55. The Finance Commission, through the system of tax
devolution and grants-in-aid, addresses the __: 
1. Horizontal imbalance among states
2. Inter-state inequality 
3. Intra-state inequality
Select the correct option from the codes given below: 
[A]Only 1 & 2 
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
56. The expansionary fiscal policy by the government
leads to __: 
1. Increased money supply 
2. Increase government spending 
3. Increased tax revenue 
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
57. Which among the following activities can result in
widening of revenue deficit of the government? 
1. Government approves the revised pay scale as per
7th Pay commission
2. Government announces a waiver of farm loans
3. Oil prices decrease sharply 
4. Government launches successful auction of coal
mines 
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1, 2 & 3
[D]1, 2,3 & 4
[    ]
58. Consider the following sectors: 
1. Construction
2. Mining and Quarrying 
3. Electricity, gas and water supply 
Which among the above is / are secondary sectors of
Indian Economy?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3 
[    ] 



59. Consider the following: 
1. Inward remittances
2. Outward Remittances
3. External Commercial Borrowings 
Which among the above is / are included in Balance of
Payments?
[A]Only 1 & 2
[B]Only 2 & 3 
[C]Only 1 & 3 
[D]1, 2 & 3
[    ]
60. With reference to taxation in India, consider the
following statements regarding the powers of taxation
of states and centre: 
1. While centre can levy taxes on production, tax on
sale / purchase of goods has to be levied by States
2. While only states can levy taxes on farm income,
only centre can levy taxes on non-farm income
Which among the above is / are correct statements?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
61. Consider the following terms and their meanings: 
1. JAM number trinity : Jan Dhan, Aadhaar and
Mobile number trinity
2. Jeans Model : Low skilled manufacturing model of
East Asian Countries
Which among the above is / are correct?
[A]Only 1
[B]Only 2 
[C]Both 1 & 2
[D]Neither 1 nor 2
[    ]
62. The 14th Finance Commission has recommended
an increase in states' share in central taxes to 42%,
which is largest ever change in percentage of
devolution. Which among the following is / are
included in the divisible pool of central taxes? 
1. Direct taxes
2. Indirect Taxes 
3. Cess
4. Surcharges
Select the correct option from the codes given below:
[A]Only 1, 2 & 3
[B]Only 2, 3 & 4
[C]Only 1 & 2 
[D]Only 1 & 3 
[    ]
63. Consider the following: 
1. Population
2. Area 
3. Demography 
4. Forest Cover
Which among the following is the decreasing order of
the weight given by 14th finance commission in the
formula to determine how much different states will 
get from tax devolution? 
[A]1 2 3 4
[B]1 3 2 4
[C]2 1 3 4
[D]2 4 1 3
[    ]
64. The 14th Finance Commission has recommended
for the creation of a "Consolidated Sinking Fund".
Which among the following is the objective of such
fund?
[A]amortisation of debt of the Union Government
[B]amortisation of debt of the State governments
[C]Financing the public sector banks affected by bad
debts
[D]
 amortisation of debt of the Union and State
governments
[    ]
65. The 14th Finance Commission has given a 7.5%
weight to forest cover in the formula to determine how
much different states will get from tax devolution.
What benefits the huge forest covers provide to states'
economy? 
1. It serves as Carbon sink 
2. It removes fiscal disability of the states 
3. It provides ecological benefits
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
66. Which among the following is / are Alternative
Investment Funds? 
1. Private Investment in Public Equity Funds 

2. Infrastructure Equity Fund
3. Venture Capital Fund
4. Mutual Fund
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 1, 2 & 3 
[C]Only 2 & 3 

[D]1, 2, 3 & 4
[    ]
67. With reference to the Public Distribution in India,
what among the following presents a correct relation
between Subsidy, Central Issue Price and Economic
Cost of food grains?
[A]Subsidy=Economic Cost - Central Issue Price
[B]Subsidy = Central Issue Price - Economic Cost
[C]Central Issue Price = Economic Cost + Subsidy 
[D]Economic Cost = Central Issue Price - Subsidy 
[    ]
68. Which among the following schemes have been
brought under the umbrella of Krishyonnati Yojana as
per the recent budget? 
1. National Food Security Mission
2. Soil Health Card 
3. National Mission on Agriculture extension
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
[    ]
69. Which among the following is / are mainly funded
by cess and surcharges in India? 
1. Namami Gange
2. National Disaster Response Fund
3. Swachh Bharat Mission
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3 
[    ]
70. As per the latest statement by finance ministry
India’s tax-to-GDP ratio is about __?
[A]15.5%
[B]22.2%
[C]16.7%
[D]20.3%
[    ]
71. The objectives of the ‘National Food Security
Mission (NFSM)’ is / are:  
1. Increase production of food grains
2. Restore soil fertility in all states 
3. Increase farm profits 
choose the correct option:
[A]Only 3
[B]Only 1 & 2 
[C]Only 2 & 3 
[D]1, 2 & 3
[    ]
72. Goods and Service Tax: 
1. will be shared between Centre and States
2. will be levied by Centre as well as States
3. proposes exports to be zero rated
4. proposed imports to be zero rated
Which among the above is / are correct?
[A]Only 1, 2 & 3 
[B]Only 2, 3 & 4 
[C]Only 1 & 3
[D]1, 2, 3 & 4
[    ]
73. The Gini coefficient represents: 
1. Income / Population Ratio
2. Income Distribution
3. Variation in Economic Growth
Select the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]Only 2
[    ]
74. The Reserve Bank of India extends its lending
facility to __: 
1. Central Government 
2. State Governments
3. Public Banks 
4. Private Banks 
5. General Public
Select the correct option from the codes given below:
[A]1 2
[B]1 2 3 
[C]1 2 3 4
[D]1 2 3 4 5
[    ]
75. In context with the Census definition of a "worker"
in India, what is the exact meaning of a "Marginal
Worker"?
[A]A worker who has not yet attained the age of 16
years
[B]A worker who works as an employee of another
worker 

[C]A worker who gets employment for less than 6
months
[D]A worker  who is in unorganized sector
[    ] 




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Sai Praveen

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