Inspector of Statistics • Paper-III
Which of the following is NOT a component of HDI?
A)
Life expectancy
B)
Education
C)
Poverty ratio
D)
Per capita income
HDI uses health, education and standard of living/income; poverty ratio is not an HDI component.
Inspector of Statistics • Paper-III
The Sustainable Development Goals were adopted by the United Nations in the year:
A)
2010
B)
2012
C)
2015
D)
2017
The UN adopted the Sustainable Development Goals in 2015.
Inspector of Statistics • Paper-III
The Paris Agreement aims to:
A)
Eliminate fossil fuels immediately
B)
Control population growth
C)
Promote nuclear energy
D)
Limit global warming to well below 2°C
The Paris Agreement's temperature goal is well below 2°C, pursuing efforts toward 1.5°C.
Inspector of Statistics • Paper-III
Which of the following forms a major component of India’s imports?
A)
Crude oil
B)
Tea
C)
Spices
D)
Iphone
Crude oil is one of India's largest import items.
Inspector of Statistics • Paper-III
Perspective planning refers to:
A)
Rolling planning
B)
District-level planning
C)
Short-term planning
D)
Long-term planning
Perspective planning means long-term planning over an extended horizon.
Inspector of Statistics • Paper-III
Central Pollution Control Board (CPCB) was established in:
A)
1974
B)
1975
C)
1979
D)
1980
The Central Pollution Control Board was established in 1974 under the Water Act.
Inspector of Statistics • Paper-III
Tax buoyancy refers to:
A)
Responsiveness of tax revenue to GDP growth
B)
Tax burden
C)
Tax evasion
D)
Fall in tax revenue
Tax buoyancy measures the responsiveness of tax revenue to changes in income/GDP.
Inspector of Statistics • Paper-III
The money market deals with:
A)
Short-term funds
B)
Long-term capital
C)
Shares and debentures
D)
Foreign direct investment
The money market handles short-term borrowing and lending.
Inspector of Statistics • Paper-III
A flexible exchange rate system allows the exchange rate to be determined by:
A)
Central bank only
B)
Government policy
C)
Market forces of demand and supply
D)
Trade agreements
Under a flexible exchange-rate system, demand and supply in the foreign-exchange market determine the rate.
Inspector of Statistics • Paper-III
Schumpeter assigns the role of an innovator to:
A)
The entrepreneur
B)
The capitalist
C)
The banker
D)
The socialist
Schumpeter identifies the entrepreneur as the innovator who introduces new combinations.
Inspector of Statistics • Paper-III
India has implemented a simplified “GST 2.0” structure, reducing the previous multi-tier system to three main slabs as follow:
A)
5%, 12% and 40 %
B)
5%, 6% and 40 %
C)
5%, 20% and 40 %
D)
5%, 18%, and 40%
GST 2.0's main slabs are 5%, 18% and 40%.
Inspector of Statistics • Paper-III
Which organisation formulates foreign trade policy in India?
A)
Ministry of Commerce and Industry
B)
RBI
C)
NITI Aayog
D)
SEBI
India's foreign trade policy is formulated by the Department of Commerce under the Ministry of Commerce and Industry.
Inspector of Statistics • Paper-III
The Chairman of the 16th Finance Commission of India is:
A)
Vijay Kelkar
B)
Raghuram Rajan
C)
N. K. Singh
D)
Arvind Panagariya
Arvind Panagariya chairs the 16th Finance Commission.
Inspector of Statistics • Paper-III
Invisible items are excluded from the balance of trade because they relate to:
A)
Capital movements
B)
Services and transfers
C)
Gold movements
D)
Merchandise trade
Invisible items relate to services, income and transfers rather than merchandise, so they are excluded from the balance of trade.
Inspector of Statistics • Paper-III
The gilt-edged market deals in:
A)
Equity shares
B)
Government securities
C)
Corporate bonds
D)
Treasury bills only
The gilt-edged market is the market for government securities.
Inspector of Statistics • Paper-III
The number of unemployed persons under the condition that the number of job - vacancies equals the number of job - seekers who somehow fail to get the job is
A)
Structural unemployment
B)
Frictional unemployment
C)
Natural unemployment
D)
Cyclical unemployment
Option B is correct: Frictional unemployment.
Inspector of Statistics • Paper-III
Provision for bad and doubtful debt appearing in the books at the time of dissolution of firm is transferred to
A)
Partner’s capital account
B)
Profit & Loss appropriation account
C)
Revaluation account
D)
Realisation account
Option D is correct: Realisation account.
Inspector of Statistics • Paper-III
If current ratio is 2.5, liquid ratio 1.5 and working capital Rs 90,000; then, current liabilities is
A)
Rs 22,500
B)
Rs 36,000
C)
Rs 60,000
D)
Rs 66,000
Working capital = current assets − current liabilities = 90,000. With current ratio 2.5, CL = 90,000/(2.5−1)=60,000.
Inspector of Statistics • Paper-III
ABC Ltd is a profit making company. It is absorbed into another group company XYZ Ltd which is a loss making company. This is a case of
A)
Reverse merger
B)
Hostile takeover merger
C)
Arranged merger
D)
Vertical merger
Option A is correct: Reverse merger.
Inspector of Statistics • Paper-III
Material Usage Variance should be charged to
A)
Stores department
B)
Production deprtment
C)
Purchase departmenr
D)
Sales department
Option B is correct: Production deprtment.
Inspector of Statistics • Paper-III
If A and B are independent, the probability of occurrence of A as well as B is given by
A)
P(AB) = P(A/B)
B)
P(AB) = P(B/A)
C)
P(AB) = P(A)/ P(B)
D)
P(AB) = P(A) P(B)
For independent events, P(A∩B)=P(A)P(B).
Inspector of Statistics • Paper-III
In which of the following, organisations’ responses come after the environmental changes have taken place.
A)
Formal planning
B)
Informal planning
C)
Proactive planning
D)
Reactive planning
Option D is correct: Reactive planning.
Inspector of Statistics • Paper-III
When bank undertakes to pay regularly electricity bills, telephone bills, insurance premium etc on behalf of customer, the relationship between bank and customer is
A)
Agent – Principal relationship
B)
Bailee – Bailor relationship
C)
Customer - Client relationship
D)
Lessor – Lessee relationship
Option A is correct: Agent – Principal relationship.
Inspector of Statistics • Paper-III
While calculating funds from operations, which of the following items are deducted from net profit
A)
Loss on sale of fixed assets
B)
Non operating incomes
C)
Depreciation of fixed assets
D)
Transfer to general reserve
Option B is correct: Non operating incomes.
Inspector of Statistics • Paper-III
In responsibility accounting, internal reports are prepared on the basis of
A)
Fixed cost
B)
Variable cost
C)
Conversion cost
D)
Controllable cost
Option D is correct: Controllable cost.
