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December 2015 - Paper 2

1:   Environmental degeneration does not consist of :
A.

Land degeneration and soil erosion

B.

Problem of over grazing and ecological degeneration

C.

Floods

D.

None of the above

 
 

Option: D

Explanation :

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2:   Which of the following is not the main objective of "Fiscal Policy of India" ?
A.

To increase liquidity in economy

B.

To promote price stability

C.

To minimize the in-equality in income and wealth

D.

To promote employment opportunities

 
 

Option: A

Explanation :

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3:   Liberalization means:
A.

Reducing number of reserved industries from 17 to 8

B.

Liberating the industry, trade and economy from unwanted restriction

C.

Opening up economy to the world by attaining international competitiveness

D.

Free determination of interest rate

 
 

Option: B

Explanation :

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4:  

Assertion (A) : Industrialization of an economy is considered synonymous with growth.

Reasoning (R) : The transfer of resources from agrarian to industrial may be capital or labour or both.

A.

Both (A) and (R) are true and (R) is correct explanation of (A).

B.

Both (A) and (R) are true but (R) is not the correct explanation of (A).

C.

(A) is true but (R) is false.

D.

(A) is false but (R) is true.

 
 

Option: B

Explanation :

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5:  

Globalization is the term used to describe process of removal of restriction on which one of the following?

A.

Foreign trade

B.

Investment

C.

Both (1) and (2)

D.

None of the above

 
 

Option: C

Explanation :

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