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July 2016 - Paper2

1:   For the following statements of Assertion (A) and Reasoning (R) indicate the correct code
from the alternatives given :

Assertion (A) : Liberalization means corporatisation of departmental undertakings
and public undertakings.

Reasoning (R) : Freedom to public sector undertakings to access capital market.
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 a correct explanation of (A).

C.

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

D.

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

 
 

Option: A

Explanation :

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2:  
Match the items of List – I with List – II and indicate the correct code :
 
List – I                                     List – II
 
a. Fiscal Policy                       i. Mitigation of National hazards
 
b. Technology Policy               ii. Balance of Payment
 
c. Macro-Economic Policy      iii. Fiscal Federalism
 
d. Monetary Policy                 iv. Inflation
A.

i ii iii iv

B.

iii i ii iv

C.

iv iii i ii

D.

ii i iv iii

 
 

Option: B

Explanation :

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3:   Which of the following factor is not directly responsible for slowing down the growth of
infrastructure ?
A.

High level of perceived political risk.

B.

High level of sunk cost.

C.

High probability of time and cost over-run.

D.

Introduction of competition in all sectors.

 
 

Option: C

Explanation :

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4:   Out of the following which is not a major component of Gross Domestic Product (GDP) ?
A.

Personal Consumption Expenditure

B.

Gross Private Domestic Investment

C.

Net Personal Income

D.

Net Exports

 
 

Option: B

Explanation :

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5:   Which of the following is not a forum of Consumer Dispute Redressal System ?
A.

Local forum

B.

District forum

C.

State Forum (State Commission)

D.

National Commission

 
 

Option: D

Explanation :

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