December 2011 - Paper 2

16:  

The Narasimham Committee made separate recommendations for the reforms of ________.

A.

Manufacturing sector

B.

Banking sector

C.

Agriculture sector

D.

Insurance Sector

 
 

Option: B

Explanation :

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17:  

Arrange the following books in order (year) in which they appeared.

a. Economic Theory and Operations Analysis by W. J. Baumol.

b. An introduction to positive Economics by R. G. Lipsey.

c. Economics by P. Samuelson.

d. Managerial Economics by Joel Dean.

A.

a, b, c, d

B.

d, c, a, b

C.

b, d, a, c

D.

c, d, a, b

 
 

Option: D

Explanation :

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18:  

Which of the following is the most democratic form of organisation?

A.

Line

B.

Line and Staff

C.

Functional

D.

Committee

 
 

Option: B

Explanation :

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19:  

Which one of the following is correct?

(i) Liquidity ratios measure long term solvency of a concern.

(ii) Inventory is a part of liquid assets.

(iii) Rule of thumb for acid test ratio is 2:1.

(iv) The amount of gross assets is equal to net capital employed.

A.

(i), (ii) and (iv)

B.

(ii), (iii) and (iv)

C.

(i), (ii), (iii) and (iv)

D.

None of the above

 
 

Option: C

Explanation :

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20:  

The most important reason for an investor to prefer a Bank deposit is

A.

The credit worthiness of the Bank.

B.

The Bank does not invest in the securities.

C.

The Bank offers a guarantee.

D.

All of the above.

 
 

Option: C

Explanation :

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