Race Institute

#38, Burkit Road,

Opposite to bus terminal,

Thyagaraya Nagar

Chennai - 600 017.






Contact Person:

Bharath Seeman



1.I.B.R.D. aims at

A. Helping children all over the world

B. Promoting the peaceful uses of atomic energy

C. Helping in reconstruction and development of economics

D. Promoting international monetary cooperation

2.Who was the first Deputy Chairman of Planning Commission of India?

A. Shri Jawaharlal Nehru

B. Dr. Rajendra Prasad

C. Gulzarilal Nanda

D. Shri C.Rajagopalachari

3.The ‘International Demonstration Effect’ was given by

A. Adam Smith

B. Ragnar Nurkse

C. Prof.Dantwala

D. Alfred Marshall

4.The “Drain Theory” about poverty in India is associated with

A. M.Viswesaraiah

B. V.K.R.V.Rao

C. Dadabhi Naoroji

D. Subhash Chandra Bose

5.Which of the following is a progressive tax?

A. Income tax

B. Entertainment tax

C. Customs duty

D. Sales tax

6.Rolling plan was designed for the period

A. 1978-83

B. (b)1980-85

C. 1985-90

D. 1974-97

7.National Development Council was set up in

A. 1948

B. 1950

C. 1951

D. 1952

8.Who wrote the book ‘Planned Economy for India’?

A. M.Visvesvaraya

B. Sardar Vallabhbhai Patel

C. Jawaharlal Nehru

D. Mahatma Gandhi

9.The concept of Five Year Plans in India was introduced by

A. Lord Mountbatten

B. Jawaharlal Nehru

C. Indira Gandhi

D. Lal Bahadur Shastri

10.Who is called the ‘Father of Economics’?

A. MaxMuller

B. Karl Marx

C. Adam Smith

D. None of these

11.The national Forest Policy aims at maintaining how much of the total geographical area under forests

A. Half

B. One-third

C. One-fourth

D. One-fifth

12.What does S & P 500 relate to?

A. Super Computer

B. A new technique in e-business

C. A new technique in bridge building

D. An index of Stocks of large Companies

13.Tarapore committee was associated with which one of the following?

A. Special Economic Zones

B. Fuller Capital account convertibility

C. Foreign Exchange Reserves

D. Effect of oil-prices on the Indian Economy

14.Which one of the following countries is not a member of ASEAN?

A. Vietnam

B. Brunei Darussalam

C. Bangladesh

D. Myanmar

15.Which one amongst the following has the largest livestock population in the world?

A. Brazil

B. China

C. China