(English Medium)
Academic Year: 2021-2022
Date: April 2022
Duration: 1h30m
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Note :
- Answers to this Paper must be written on the paper provided separately.
- You will not be allowed to write during the first 10 minutes.
- This time is to be spent reading the question paper.
- The time given at the head of this Paper is the time allowed for writing the answers.
- Attempt all questions from Section A and any three questions from Section B.
- The intended marks for questions or parts of questions are given in brackets [ ].
Inflation means __________ rise in price.
Continuous
Sustainable
No
High
Chapter: [0.13] Inflation
The debt which yields income to the government is called as ______.
Gross
Productive
Unproductive
Internal
Chapter: [0.13] Inflation
Capital expenditure is ______ in nature.
Non-recurring
Recurring
Simple
Complex
Positive
Persuasive
Chapter: [0.11] Public Expenditure
Public Distribution system is an _______ measure of government to protect the consumers.
Administrative
Technical
Collateral
Demonstrative
Chapter: [0.14] Consumer Awareness
Under Right to Information any citizen of India may request information from a ______ authority.
Public
Private
Personal
Professional
Chapter: [0.14] Consumer Awareness
Public debt whose principal amount is not refunded by the government is ______.
Redeemable debt
Irredeemable debt
Social
Public
Chapter:
Goods and Services Tax (GST) is an example of ______.
Direct tax
Indirect tax
Income tax
Local tax
goods
services
social
Chapter:
Revenue which is derived by the government from Railway fares is ______.
Commercial revenue
Administrative revenue
Social revenue
Welfare revenue
Chapter:
Overdraft facility is available on ______.
Saving account
Current account
Posting account
Time deposit
Chapter:
Bank having power of note issue in India is ______.
State Bank of India
Reserve Bank of India
Canara Bank
Federal bank
Chapter:
What is meant by consumer awareness?
Chapter: [0.14] Consumer Awareness
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Mention two differences between fixed deposits and demand deposits.
Chapter:
Explain any three duties of a consumer.
Chapter: [0.14] Consumer Awareness
Differentiate between creeping and running inflation.
Chapter:
Why is central bank called as a ‘lender of last resort’ for a commercial bank?
Chapter:
Explain two rights of a consumer.
Chapter: [0.14] Consumer Awareness
Differentiate between revenue and capital expenditure. (Three points)
Chapter: [0.11] Public Expenditure
Define public expenditure.
Chapter: [0.11] Public Expenditure
What does public finance mean?
Chapter: [0.09] Introduction to Public Finance
Explain any three causes of cost-push inflation.
Chapter:
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Explain any three causes of cost-push inflation.
Chapter:
Explain the term progressive tax.
Chapter: [0.1] Public Revenue
What does Consumer price index mean?
Chapter: [0.13] Inflation
Give the full form of COPRA.
Chapter: [0.14] Consumer Awareness
Mention any two features of COPRA.
Chapter: [0.14] Consumer Awareness
Explain two rights of a consumer.
Chapter: [0.14] Consumer Awareness
Why are the consumers exploited by retailers?
Chapter: [0.14] Consumer Awareness
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