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Friday, January 22, 2010

Punjab National Bank - Agriculture officers exam - Economics Paper - Part 2

21. The largest share in the short term money market of India in recent times belonged to the segment-
Collaterised Borrowing and Lending Obligation (CBLO)  Traditional repo  Clearcorp Repo Over Matching System (CROMS)  Call  Others

22. As per the revised estimate of CSO, the GDP in India at factor cost during 2008-09 was-
Rs. 28,71,120 crore  Rs. 31,29,717 crore  Rs. 33, 39,375 crore  Rs. 44,82,436 crore  None of these

23. Mid Day Meal Scheme-
Is a centrally funded and largest school meal scheme in the world  Provides each child in government and government aided school a minimum of 300 calories and 8-12 gm of protein each day of school for a minimum of 200 days  Provides lunch to about 120 million children  All of the above  None of these

24. Insurance penetration is defined as the-
Ratio of premium underwritten in a year to GDP  Ratio of premium underwritten in a year to total population  Ratio of insurance subscribers in a year to total population  Ratio of total number of policy holders in a year to total population  None of these

25. Insurance density is defined as the-
Ratio of premium underwritten in a year to GDP  Ratio of premium underwritten in a year to total population  Ratio of insurance subscribers in a year to total population  Ratio of total number of policy holders in a year to total population  None of these

26. Minimum Support Prices of crops are recommended by-
Planning Commission of India  Commission for Agricultural Costs and Prices (CACP)  Finance Commission of India  Farmers’ Commission of India  None of these

27. The Electricity (Amendment) Act 2007-
Dispensed with licence requirement for sale from captive units  Provided for joint effort by the Central and State governments for providing access to all areas including villages and markets  Expanded the definition of theft to cover the use of tampered meters  All of the above  None of these

28. In times of slowdown of the economy, the fiscal policy influences aggregate demand through-
Discretionary element  Non-discretionary element  Lowering of tax rates  All of the above  None of these

29. Thirteenth Finance Commission is headed by-
Dr. Rangarajan  Dr. Vijay L. Kelkar  Dr. Suresh Tendulkar  Dr. C. H. Hanumantha Rao  None of these

30. A constitutionally recognized body is-
Planning Commission  Finance Commission  Forward Commission  Farmers Commission  None of these

31. Rashtriya Krishi Vikas Yojana was launched by GOI in August 2007 with the objective(s) of-
To incentivise the states to increase public investment in agriculture and allied sectors  To ensure that local needs/crops/priorities are better reflected  To achieve the goal of reducing the yield gaps in important crops  All of the above  None of these

32. The Buffer Stock of foodgrains at the beginning of February 2009 stood at-
16.2 million tonnes  20.0 million tonnes  37.4 million tonnes  36.2 million tonnes  None of these

33. Public Private Partnership came to be introduced in India to-
Mitigate the financial burden of the governments  Respond to the technological change that allow unbundling of infrastructure  Alter the character of goods and services from pure public to private ones  All of the above  None of these

34. Heteroscedasticity in econometric analysis means-
The variance for each disturbance term (Vi) is the same for all i’s  The variance for each disturbance term (Vi) is not the same for all i’s  The co-variance for each pair of disturbance term is the same  The co-variance for each pair of disturbance term is not the same  None of these

35. Autocorrelation in econometric analysis refers to-
The correlation between the values of different variables  The correlation between the values of alternative variables  The correlation between successive values of the same variable  All of the above  None of these

36. Durbin-Watson Test is applied in econometric models to test-
Presence of heteroscedasticity in a model  For autocorrelated errors in the sample data  For multicorrelinearity  For autoregressive disturbances  None of these

37. A weakly stationary stochastic process is so called, if-
Its mean and variance are constant over time  The value of covariance between two time periods depends only on lag between two time periods  The value of covariance does not depend on the actual time at which the covariance is computed  All the above  None of these

38. Dummy variables are used in regression models—
To represent important variables that are not qualitatively measurable  To capture the effect of specific attributes  As binary variables  To distinguish between two groups of population  All of the above

39. Principal components in econometric analysis-
Are linear combinations  Help to increase the degrees of freedom  Help to reduce high degree of multicorrelinearity  All of the above  None of these

40. If world population grows at 2.6 per cent, then it will double in-
44.34 years  36.92 years  29.32 years  26.66 years  None of these

Click here for PNB Officers Exam Economics paper Part I

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