NTSE SAT Economics Papers 06

NTSE SAT Economics Papers 06

This is NTSE SAT Economics Papers 06.. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
In which of the following economies are people more of a resource?
  • A
    Country C with 60% of people in the working age illiterate, but with high life expectancy
  • B
    Country B with 10% of the working age population illiterate and with high life expectancy
    Correct
  • C
    Country A with 78% of the working age population illiterate and with very low life expectancy
  • D
    Country D with 10% of population is the working age illiterate, but has very low life expectancy
2
Which of the following statements is true of agriculture in Indian economy between 1973 and 2003?
  • A
    The sectorial share of agriculture in total output has increased, but its share in employment has decreased
  • B
    The sectorial share of agriculture in output has decreased far more than its share in total employment
    Correct
  • C
    The sectorial share of agriculture in employment has decreased far more than its share on total output
  • D
    The sectorial share of agriculture in total output has decreased, but its share in employment has increased
3
Which of the following can be considered as Foreign Direct Ins investment made in India? A. The TATAs acquire Corus steel plant abroad. B. Mr. Donald, an American citizen, acquires 100 shares of an Indian listed company. C. The remittances sent by an Indian doctor in Dubai back to his hometown in Kerala. D. The US multinational Google opens its full-fledged unit at Gurgaon, Haryana.
  • A
    D only
    Correct
  • B
    A and B
  • C
    B and C
  • D
    A and D
4
We accept paper money as a medium of exchange because
  • A
    The law legalizes it
    Correct
  • B
    Everyone else accepts it
  • C
    Reserve Bank of India has precious metals against which it prints notes
  • D
    It has gold backing
5
Which of the following refers to trade barrier in the context of WTO? I. Restrictions on domestic trade II. Not allowing companies to do foreign trade beyond specific quantity III. Restrictions on the export and import of goods IV. Restrictions on the price fixed by companies
  • A
    I, II and IV
    Correct
  • B
    III and IV
  • C
    I, III and IV
  • D
    I, II and III
6
The following are major changes that occurred in agriculture in the post-Independent India. A. Use of high yielding variety (HYV) seeds B. Introduction of Genetically modified (GM) crops C. Application of chemical fertilizers and pesticides D. Organic farming
  • A
    B and D
  • B
    A and C
    Correct
  • C
    B and C
  • D
    A and B
7
Information relating to which of the following aspects are used to determine the human development in a country?
  • A
    Women’s health, education and income
  • B
    Health, education and poverty
    Correct
  • C
    Inequality, health and education
  • D
    Health, education and income
8
A father in a farm produces 100 kg of paddy in one acre of land, during every season. One year, his son joined him in farming. Which of the following definitely indicates disguised unemployment?
  • A
    Output increased to 150 kilograms
  • B
    Output increased to 250 kilograms
  • C
    Output remains at 100 kilograms
    Correct
  • D
    Output increased to 200 kilograms
9
How membership in a Self Help Group helps a poor rural woman?
  • A
    Facilitates her how to help herself in daily work
  • B
    To get free money from the government
  • C
    To overcome the problem of lack of collateral as borrowing is based on the group
    Correct
  • D
    To work together in factories and get regular employment
10
Though consumers in India has the right to information about the following aspects of a product, the producer need not inform the consumer?
  • A
    The production process
    Correct
  • B
    Date of expiry
  • C
    Date of production
  • D
    Address of the producer
11
Economic growth is growth in
  • A
    value of total output
  • B
    value added of all sectors
    Correct
  • C
    value of industrial output
  • D
    value of total investment
12
Mahatma Gandi National Rural Employment Guarantee Act aims at providing
  • A
    Employment to rural people in government offices.
  • B
    365 days work in rural areas
  • C
    300 days of work/year in rural areas
  • D
    100 days of wage employment in a year to rural households
    Correct
13
A landless worker in a village takes a king loan of two bags of rice from the village landlord. The condition is that she will repay the loan in two and half bags of rice at the end of one year. The interest paid equals
  • A
    The difference between the money value of rice between now and at the end of the year.
  • B
    The difference between the rates of interest charged by banks between now and at the end of the year
  • C
    25 percent of the original amount of loan.
    Correct
  • D
    31.25 percent of the original amount of loan.
14
Non-market activity is
  • A
    selling the products through the Regulated Market
  • B
    a state of unemployment
  • C
    producing for self-consumption
    Correct
  • D
    selling the products nearby temples
15
A typical farmer’s capital includes tractor, turbines, plough, seeds, fertilisers, pesticides and cash in hand. Which of these combinations can be classified as working capital?
  • A
    Plough, seeds, fertilisers, pesticides and cash in hand
  • B
    Plough, seeds, fertilisers and pesticides
  • C
    Seeds, fertilisers, pesticides and cash in hand
    Correct
  • D
    Tractor, turbines and plough