CLASS XII: 100 MOST EXPECTED – CONCEPT BASED BOARD MCQs: (2024 – 25)

ECONOMICS

General instructions:
1. This question paper contains two sections:
Section A – Macro Economics
Section B – Indian Economic Development
2. This paper contains 100 Multiple Choice Questions type questions of 1 mark each.

SECTION A – MACRO ECONOMICS

1. Which of the following is a stock concept?

a) Savings b) Production c) Capital d) Investment

2. Which of the following steps should be taken by the central bank if there is
excessive rise in the foreign exchange rate?
a) Supply foreign exchange from its stock
b) Demand more of other foreign exchange
c) Allow commercial banks to work under less strict environment
d) Both b) and c)

3. Which of the following are the objectives of the government budget?

a) distribution of income and wealth b) economicstability
c) GDP growth d) all of these

4. If the primary deficit is 3500 and interest payment is 500, then the fiscal deficit is .
a) 2900 b) 4000 c) 4100 d) 4200

5. Read the following statements -Assertion a) and Reason(R). Choose one of the
correctalternatives given below:
Assertion a): Appreciation of domestic currency means a rise in the price of domestic
currency.
Reason(R): Appreciation leads to increase in exports.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

6. Fiscal policies are:

a) Expenditure policies of the central government
b) Tax policies of the state governments
c) Budgetary policies of the government
d) Financial statements of union territories

7. Read the following statements -Assertion a) and Reason(R), Choose one of the
correctalternatives given below:
Assertion a): Accommodating items are those transactions that are undertaken due to profit motive.
Reason(R): Accommodating items are undertaken to correct disequilibrium in BOP.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion a).
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.
8. Read the following statements -Assertion a) and Reason(R), Choose one of the correct
alternatives given below:
Assertion a): Depreciation of domestic currency leads to rise in exports.
Reason(R): Depreciation of domestic currency makes domestic currency relatively cheaper,
which leads to increase in exports.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion a).
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

9. Deficit budget refers to that situation in which the government's budget expenditure is
.
a) less than its budget receipts b) more than its budget receipts
c) equal to its budget receipts d) None of these

10. Fiscal deficit =?

a) Total expenditure - total receipts other than borrowing
b) Revenue expenditure - revenue receipts
c) Capital expenditure - capital receipts
d) Revenue expenditure + capital expenditure - revenue receipts

11. Gift tax is a paper tax because .

a) it is an indirect tax b) it is a direct tax
c) it does not have significant revenue yield d) Both b) and c)

12. Which of the following is not a non-tax receipt?

a) fees b) fine c) gift tax d) grants and donation

13. Who regulates money supply in India?

a) Government of India b) Reserve Bank of India c) Commercial Banks d) NITI Ayog

Q.No. 14 – 19 are to be answered on the basis of the following data:

Particulars In Crores

(i) Revenue receipts 2037

(ii) Revenue expenditure 2811

(iii) Capital receipts 240

(iv) Borrowings and other liabilities 1084

(v) Capital expenditure 550

(vi) Interest payments 1020

14. The value of the Revenue deficit is Rs. crores.

a) 747 b) 774 c) 757d) 784

15. The value of Fiscal deficit is Rs. crores.

a) 3010 b) 2571c) 1084 d) 1020

16. The value of primary deficit is Rs. crores.

a) 64 b) 310c) 246 d) 2261

17. Identify the correct formula to calculate Primary deficit. (Choose the correct alternative)
a) Fiscal deficit-Revenue deficit b) Revenue deficit-Interest payments
c) Fiscal deficit-interest payments d) Capital expenditure - Revenue expenditure

18. Read the following statements carefully and choose the correct alternative from the following:
Statement 1-Government budget is an annual statement showing actual receipts and actual payments
of the government for the last fiscal year
Statement 2- Tax receipts of the government is a Revenue receipt.
Alternatives:
a) Both the statements are true
b) Both the statements are false
c) Statement 1 is true and statement 2 is false
d) Statement 2 is true and statement 1 is false

19. Which one of the following is not a non-tax revenue receipt?

a) GST b) Dividends and profits c) Penalties d) Escheat

20. Those goods which satisfy human wants directly are called:
a) Intermediate goods b) Consumer goodsc) Capital goods d) Durable goods

21. Which of the following is a semi-durable good?

a) Radio b) Clothes c) Milk d) Petrol

22. Which of the following leads to unexpected obsolescence?

a) Natural calamities b) Change in demand
c) Change in technology d) Both change in demand and change in technology

23. Own account production of services is not included in the national income because:
a) Services are different from goods b) Services are not productive
c) It is difficult to measure market value of such servicesd) None of these

24. Which of the following is irrelevant in the estimation of compensation of employees?

a) Free accommodation provided to the employees
b) Free education of the students whose parents are working in the school
c) House rent allowance given to a bank employee
d) Pension given by the government to an 80-year-old person who was an agricultural
labourer

25. Which of the following items is not included while estimating GNP of a country at market price?
a) Sales of the enterpriseb) Indirect taxes c) Remittances by NRIs d)Subsidy

26. Read the following statements - Assertion a) and Reason (R), Choose one of the correct
alternatives given below:
Assertion a): Fiscal deficit refers to total borrowings of government during a financial year.
Reason(R): Fiscal deficit creates burden on future generations.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

27. Read the following statements - Assertion a) and Reason (R), Choose one of the
correct alternatives given below:
Assertion a): Margin requirement is a qualitative tool for controlling credit creation process.
Reason(R): Margin requirement changes the supply of money in the economy.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

28. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion a): Relief funds given to Nepal for earthquake victims is recorded as Revenue receipts in
the Indian Government budget.
Reason (R): Revenue receipts are those which neither creates liability nor reduces the assets of the
government.
Alternatives:
a) Both Assertion a) and (R) are true and Reason (R) is the correction explanation of Assertion (R)
b) Both Assertion a) and (R) are true and Reason (R) is not the correction explanation of Assertion
c) Assertion a) is true but Reason(R) is false
d) Assertion a) is false but Reason(R) is true

29. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion a): To curb inflation the RBI should sell government securities
Reason (R): When the RBI sells the securities there will be contraction of credit and purchasing
power in the economy reduces.
Alternatives:
a) Both Assertion a) and (R) are true and Reason (R) is the correction explanation of Assertion (R)
b) Both Assertion a) and (R) are true and Reason (R) is not the correction explanation of Assertion a)
c) Assertion a) is true but Reason(R) is false
d) Assertion a) is false but Reason(R) is true

30. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion a): Rent received by an Indian real estate company from Google in New York, would be
recorded on the credit side of the capital account.
Reason (R): Capital account of BOP records all those transactions, between residents of a country
and rest of the world, which causes a change in the assets or liabilities of the residents of the country
or its government
Alternatives:
a) Both Assertion a) and (R) are true and Reason (R) is the correction explanation of Assertion (R)
b) Both Assertion a) and (R) are true and Reason (R) is not the correction explanation of Assertion a)
c) Assertion a) is true but Reason(R) is false
d) Assertion a) is false but Reason(R) is true

31. The fiscal deficit is the difference between the government’s total expenditure and its total
receipts excluding (Fill up the blank with correct alternative)
a) Interest b) Taxes c) Spending d) Borrowings

32. When we compare BOP and BOT we understand: (Choose the correct alternative)
a) BOP and BOT can be used interchangeably
b) Both indicate the economic prosperity to the same extent
c) BOT is the subset of BOP
d) All of the above

33. High powered money refers to the money produced by: (Choose the correct alternative)
a) RBI b) Commercial Banks c) Government d) Both a) and c)

34. Which of the following pairs is not correctly matched with regard to balance of payment
accounts? (Choose the correct alternative)
a) Import of goods and services – Debit in the current account
b) Receipts of transfer payments – Credit in the current account
c) Direct investment receipt – Credit in the capital account
d) Portfolio investment payments – Debit in the current account

35. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion (A): Statutory liquidity ratio is the ratio of demand deposits of a commercial bank which, it
has to keep with itself in the form of specified liquid assets.
Reason (R):Statutory liquidity ratio is a component of legal reserve ratio, which affects the credit
creation in the economy.
(a) Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of the
Assertion(A)
(b) Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct
explanation of the Assertion(A)
(c) Assertion(A) is true but Reason(R) is false
(d) Assertion(A) is false but Reason(R) is true

36. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion a) – Credit creation comes to end when total cash reserves become equal to initial deposits.
Reason(R) – The value of Money multiplier is determined by Legal Reserve ratio (LRR)
From the given alternatives choose the correct one:
Alternatives:
a) Both Assertion and Reason are correct and (R) is the correct explanation of a).
b) Both Assertion and Reason are correct and (R) is not the correct explanation of a).
c) Assertion is correct and Reason is incorrect
d) Assertion is incorrect and Reason is correct

37. Match the contents in Column I with their suitable pairs given in Column II: (Choose the correct
alternative)

Column I Column II

A Commercial banks (i) Cash credit

B Banker of the government (ii) Money multiplier

C 1/LRR (iii) Central bank

D Bank rate (iv) Interest rate

a) A(i), B(ii), C(iii), D(iv) b) A(iv), B(iii), C(i), D(ii)

c) A(i), B(iii), C(ii), D(iv) d) A(i), B(ii), B(iii), D(iv)

38. Read the following statements carefully and choose the correct alternative from the following:
Statement 1 – Public goods are those goods and services that are collectively consumed by the
public.
Statement 2 – Public goods are excludable and rivalrous in nature.
Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false

39. If there is a deficit in current account, it is balanced by: (Choose the correct alternative)
a) Withdrawing from foreign exchange reserves b) Borrowing from other Central Banks
c) Both a)&b)d) None of these

40. Calculate the total deposit created if the initial amount is rupees 700 crore and the LRR is 10%.
(Choose the correct alternative)
a) Rs. 7005 Cr b) Rs. 7050 Cr c) Rs. 17000 Cr d) Rs. 7000 Cr

41. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion(A) - The current account tracks actual transactions, such as import and export goods.
Reason(R) - Current account includes all the items expressing changes in stock.
From the given alternatives choose the correct one:
a) Both Assertion and Reason are correct and (R) is the correct explanation of a).
b) Both Assertion and Reason are correct and (R) is not the correct explanation of a).
c) Assertion is correct and Reason is incorrect
d) Assertion is incorrect and Reason is correct

42. The Government of India has decided to vaccinate the adult population of India without any
charge. This would be categorized as .
a) Revenue nature income b) Capital nature expenditure
c) Revenue nature expenditure d) Capital nature income

43. Dr. Newman, an economics teacher, was explaining the concept of ‘minimum percentage of the
total deposits to be kept by any commercial banks with themselves, as per norms and statute
prevailing in the country’. From the following, choose the correct alternative which specifies the
concept explained by him.
a) Cash Reserve Ratio b) Repo Rate c) Bank Rate d) Statutory Liquidity Ratio

44. If Rs. 73 are required to buy $ 1, instead of Rs. 72 earlier:

a) Domestic currency has appreciated b) Domestic currency has depreciated
c) Both a) and b) d) None of the Above

45. The Consumption functionis a relation between:

a) price and consumption
b) income and consumption
c) savings and consumption
d) autonomous consumption and consumption

46. Which of the following statements is an accurate description of propensity to consume?

a) It is the additional income that gets spent on consumption
b) It denotes the ratio of the consumption to income
c) It defines the tendency of a consumer to consume more than usual
d) It denotes the actual level of income at which is it equal to the consumption expenditure

47. Which of the following statements is the correct description of propensity to save?
a) It is the additional income that does not get saved
b) It denotes the ratio of the savings to income
c) It denotes the actual level of income at which is it equal to the savings
d) None of the above
48. The saving functionis a functional relationship between:
a) autonomous consumption and dissaving
b) consumption and savings
c) national income and savings
d) consumption and dissaving

49. Which of the following statements is not true about aggregate demand in a two-sector economy?
a) It is the sum of consumption and savings
b) The AD curve commences from some point that is above the origin
c) It is the total of consumption and investment
d) The AD curve has a positive slope

50. Which of the following statements about the consumption curve is correct?
a) It lies above the forty-five degrees line after the break-even point
b) It lies below the AS curve before the break-even point
c) It intersects the forty-five degrees line at the break-even point
d) It is parallel to the AS line.

SECTION B – INDIAN ECONOMIC DEVELOPMENT

51. In 18th century, the Indian villages were from the economic point of view.
a) Dependent b) Self-sufficient c) Poord)Populous

52. TISCO was incorporated in

a) 1905 b) 1907 c) 1909 d) 1911

53. Various details about the population of British India were first collected through a census in
.
a) 1891 b) 1901 c) 1881 d) 1911

54. 1n 1950, the Planning Commission of India was set up with the as its chairperson.
a) President b) Prime Minister c) Vice President d) Finance Minister

55. What were the intermediaries in the land tenurial system in India known as?
a) Either JagirdarsorMunshis b) Either Zamindarsor Muqtis
c)Either Jagirdars or Gomasthas d)EitherJagirdars or Zamindars

56. Land reforms were not successfully implemented all over India after the Independence because:
a) Land revenue was not a subject in the state list.
b) Not even a single landlord was ready to give away the land.
c) All the state governments were not committed to implementation of land reforms.
d) Land reforms were objected by everyone.

57. What does liberalisation mean?

a) Deregulation of industrial sector
b) Integration of world economies
c) Giving the freedom to all the citizens to do whatever they want
d) Nationalisation of industries

58. In 1991, Indian National Rupee was devalued against the foreign currencies to
a) promote imports into India b) encourage domestic industries
c) resolve BOP crisis d) make Balance of Trade favourable

59. The liberalisation, privatisation and globalisation of Indian economy resulted in:
a) Decrease in income and employment
b) Transition of the economy from a socialist pattern to a capitalist pattern
c) Integral development of the economy
d) Increase in foreign exchange reserves

60. Read the following statements - Assertion a) and Reason (R):

Assertion a) – Every year the government fixes targets for disinvestment of public sector enterprises
(PSE’s)
Reason(R) – Disinvestment is an excellent tool for discarding the loss incurring Public sector
enterprises.
From the given alternatives choose the correct one:
Alternatives:
a) Both Assertion and Reason are correct and (R) is the correct explanation of a).
b) Both Assertion and Reason are correct and (R) is not the correct explanation of a).
c) Assertion is correct and Reason is incorrect
d) Assertion is incorrect and Reason is correct

61. Ram works in a garment manufacturing unit in Tiruppur. He was not given a written
appointment letter. His wages per day is Rs.200. He doesn’t get extra wages for overtime work. He
gets a weekly pay out of Rs.1200 on every Saturday if he has not taken any leave. In which category
of workers does he fall?
a) Regular salaried employees
b) Casual wage labourers
c) Landless agricultural labourers
d) Self-employed

62. Unemployment is defined asthe section of population:

a) that is not capable of being employed.
b) willing to work but unable to find employment.
c) that is waiting to be employed.
d) that are without the skills needed by employer

63. The difference between labour force and workforce is?

a) Total employed labour b) Disguised unemployed labour
c) Seasonal unemployed labour d) Unemployed labour

64. What is the type of economy adopted by India?

a) Communist b) Capitalist c) Mixed d) Socialist

65. The portion of agricultural produce which is sold in the market by the farmers is called
.
a) Trade deficit b) Marketed surplus c) Subsidy d) Import substitution.

66. In 1991, an immediate measure to resolve the balance of payments crisis was .
a) determination of rupee value in the foreign exchange market
b) devaluation of rupee against foreign currencies.
c) removing the trade barriers – quotas and tariffs.
d) simplification of export and import procedures.

67. Credit taken for a period of 15 years is .

a) short term credit b)medium term credit c)long term creditd)revolving Credit

68. NABARD is source of rural credit.

a) an institutional b) a non- institutional c) a local d) a regional

69. Which of the following is not a cause of unemployment in India?

a) a) Underdevelopment b) Rapid population growth
c) Defective planning d) industrialization

70. Supply of labour corresponding to different wage rates is referred as:

a) Labour supply b) Labour force c) participation rate d) Work force

71. A kind of unemployment in which workers seems to be working but its contribution to
production is negligible is called
a) Disguised unemployment b) Involuntary unemployment
c) seasonal unemployment d) structural unemployment

72. Which of the following economists estimated per capita income during the colonial
period?
a) William Digby b) Findley Shirras c) Dada Bhai Naoroji d) All of these

73. Where was the first iron and steel company established?
a) Kolkata b) Jamshedpur c) Patna d) Ranchi

74. When was the Indian planning commission constituted?

a) 6th August 1952 b) 15th March 1950 c) 15thAugust 1947 d) 1st April 1997

75. Which type of unemployment is more in India?

a) Open Unemployment b) Seasonal unemployment
c) Disguised unemployment d) Educated unemployment

76. When did India give its first five-year plan?

a) 1950 b) 1951 c) 1947 d) 1949

77. Planning Commission, the erstwhile central planning authority in the country, has been
replaced by
a) NITI Aayog b) National Development Council
c) India - Vision 2020 d) Perspective Planning Commission

78. ‘Government decides what goods are to be produced in accordance with the needs of
society’. Under what type of economic system does this take place?
a) Capitalistic economy b) Socialist economy c)Feudalist Economyd)Open Economy

79. Which year is described as a “Year of Great Divide”?

a) 1931 b) 1921 c) 1941 d) 1911

80. What were the causes of the higher infant mortality rate during the British period?
a) Poor health care b) Lack of Industries
c)Modernization d) Economic Depression

81. During the colonial period, India’s demographic profile showed .

a) low birth rate b)low death rate
c) high infant mortality d)high life expectancy

82. What was life expectancy in India during the colonial period?
a) 44 years b) 62 years c) 32 years d) 55 years

83. Read the following statements - Assertion a) and Reason (R), Choose one of the correct
alternatives given below:
Assertion a): Zamindari (Semi Feudal Economy) in the colonial era were also responsible for
the misery of the cultivators.
Reason(R):The terms of the revenue settlement system introduced were harsh on the
Zamindars.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

84. Read the following statements -Assertion a) and Reason(R), Choose one of the correct
alternatives given below:
Assertion a): Growth and social justice were taken as the central objectives of Indian plans.
Reason(R):India was a very backward economy at the time of her independence.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

85. Read the following statements -Assertion a) and Reason(R), Choose one of the correct
alternatives given below:
Assertion a): The land reforms helped in establishing a good relationship between the farmers
and the government in Kerala.
Reason(R):Land reforms ensured that the farmers benefited from their own labor and
promoted equality of wealth in the states where they were implemented successfully.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

86. Read the following statements - Assertion a) and Reason (R), Choose one of the correct
alternatives given below:
Assertion a): The developing countries (like India) can progress only if they have a good industrial sector.
Reason(R):Industry provides employment, which is more stable than the employment in agriculture.
Alternatives:
a) Both Assertion a) and Reason (R) are true and Reason (R) is the correct explanation of Assertion a).
b) Both Assertion a) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
c) Assertion a) is true but Reason (R) is false.
d) Assertion a) is false but Reason (R) is true.

87. Those who do not get any pension or gratuity benefits are known as:
a) Self-employed workers b) Casual workers
c) regular workers d) unemployed

88. Which of the following statements does not describe the Zamindari system in India?
a) The profit accruing out of the agricultural sector went to the cultivators instead of the Zamindar.
b) A considerable number of Zamindars did nothing to improve the condition of agriculture.
c) The main interest of the Zamindars was only to collect rent regardless of the economic conditions
of the cultivators.
d) Dates for depositing specific sums of revenue were fixed, failing which the Zamindars were to
lose their rights.

89. Match the items given in column I with the options given in column II:
Column I Column II
 A Human capital (i) Vaccination

B Preventive medicine (ii) Medical intervention during illness

C Physical capital (iii) Stock of skills and expertise of a nation at a

given point of time

D Curative medicine (iv) Tangible and can easily be sold in market

Alternatives:
a) A-ii; B-iii; C-iv; D-i b) A-iii; B-i; C-iv; D-ii
c) A-i; B-ii; C-iii; D-iv d) A-iii; B-ii; C-iv; D-i

90. What is the full form of ICMR? (Choose the correct alternative)
a) Indian Council for Medical Reports b) Indian Commission on Medical Resources
c)Indian Council for Medical Research d)Indian Committee for Medical Resources

91. Jobless growth leads to unemployment because:

a) Labour refuses to migrate b) labour is very expensive
c) GDP growth is slow d) Growth is due to technology

92. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion a): Kudumbashree is a women-oriented community-based poverty reduction programme
being implemented in Kerala.
Reason (R) : These have been acclaimed as the largest informal banks in Asia in terms of
participation and savings mobilized.
Alternatives:
a) Both Assertion a) and (R) are true and Reason (R) is the correction explanation of Assertion (R)
b) Both Assertion a) and (R) are true and Reason (R) is not the correction explanation of Assertion
c) Assertion a) is true but Reason(R) is false
d) Assertion a) is false but Reason(R) is true

93. Read the following statements – Assertion a) and Reason (R). Choose one of the correct
alternatives given below:
Assertion a): Diversification includes two aspects - one relating to change in cropping pattern and
the other relates to shift of work force from agriculture to allied activities (poultry,fishing etc.) and
non-agricultural activities.
Reason (R): Need for diversification arises from the fact that there is a greater risk depending only
on farming.Therefore, expansion into other areas needed for gainful employment and to overcome
poverty.
Alternatives:
a) Both Assertion a) and (R) are true and Reason (R) is the correction explanation of Assertion (R)
b) Both Assertion a) and (R) are true and Reason (R) is not the correction explanation of Assertion
c) Assertion a) is true but Reason(R) is false
d) Assertion a) is false but Reason(R) is true

94. From the set of statements given in column I and column II choose the correct pair of
statements:

Column I Column II

A MGNREGA (i) 1869

B Establishment of TISCO (ii) 1907

 C Introduction of Railways (iii) 1850

D Opening of Suez Canal (iv) 2005

Alternatives:
a) A (i) b) B(ii) c) C (iii) d) D (iv)

95. Marketed surplus refers to .

(a) portion of industrial produce sold in the market
(b) sale of consumer goods in the domestic market
(c) a certain proportion of both industrial and domestic produce sold in the market
(d) portion of agricultural produce sold in the market by farmers

96. The main issue(s) with protectionist or trade restrictive policies is/are .
(a) consumer sovereignty narrows down
(b) there is very less incentive for the domestic producers to improve the quality of their products
(c) Both (a) and (b)
(d) it result in huge amount of capital inflows

97. The correct sequence explaining the commencement of five year plans in chronological order
is .
(a) China, India and Pakistan (b) India, China and Pakistan
(c) India, Pakistan and China (d) Pakistan, China and India

98. Statement I A worker is an individual who is doing some productive work to earn a living.
Statement II Majority of population in India is finding employment in the service sector which is
growing at a fast pace and growing continuously.
In the light of the given statements, choose the correct alternative from the following
(a) Both statements are true (b) Both statements are false
(c) Statement I is true and Statement II is false (d) Statement I is false and Statement II is true

99. Statement I Pakistan is ahead of India in providing improved sanitation facilities.

Statement II China ranks ahead in terms of development experience with respect to India and
Pakistan.
In the light of the given statements, choose the correct alternative from the following
(a) Both statements are true
(b) Both statements are false
(c) Statement I is false and Statement II is true
(d) Statement I is true and Statement II is false

100. Assertion (A) China has done better than India and Pakistan, as it is a socialist economy.
Reason (R) In socialism, government can implement policies which are in interest of the people.
Alternatives
(a) Assertion is true, but Reason is false
(b) Assertion is false, but Reason is true
(c) Both Assertion and Reason are true and Reason is the correct explanation of Assertion.
(d) Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion.
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