11: Who among the following served as the Chief Economist of the International Monetary Fund ?
(a) Saumitra Chaudhuri
(b) Ashok Lahiri
(c) Raghuram Rajan
(d) Sumantra Ghoshal
Explanation:
Raghuram Rajan worked as a chief economist of IMF and in 2003, he was awarded the 'Fisher Black Prize' by the American Finance Association for contributions to Finance by an economist under 40.
12: Consider the following statements :
1. India launched its first full-fledged meteorological satellite (METSAT) in September 2002.
2. For the first time, the space vehicle PSLV- C4 carried a payload of more than 1000 kg into a geosynchronous orbit.
Which of these statements is/are correct?
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2
Explanation:
Metsat also called KALPANA -I named after India born American Space Astronaut 'Kalpana Chawla' was launched by PSLV in September, 2002.
13: The economist who was associated with the WTO draft document is
(a) A.K. Sen
(b) T.N. Srinivasan
(c) J.N. Bhagwati
(d) Avinash Dixit
14: Consider the following statements:
1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
15: Assertion (A) :
When a ship moves from the sea water into fresh water of a river, the ship will relatively sink.
Reason (R) :
The density of sea water is higher than that of the fresh water.
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true but R is not a correct explanation of A
(c) A is true but R is false
(d) A is false but R is true