2023 ANSWER KEY – TEST -1 (ENGLISH)

Q.No Answer Key Score

1 d) All 1
2 c) 1995 1
3 a) Primary. 1
4 Pilot survey 1
5 Personal interview Merits:-* High response* All types of 1
questions can be used * Helps to make a rapport between the
investigator & respondent 1
any 2
6 The sale of part of PSUs is called as disinvestment 2
7 Quantitative Data - height, income, weight, export 1
Qualitative Data - literacy, intelligence ,sex, colour of hair 1
8 CSO, RGI, NSSO etc... 2
9 India announced I P R (Industrial Policy Resolution) in 1956. 1
I P R 1956 classified industries in to three categories. 2
a) State owned industries.
b) Industries in which private sector co-exist with public sector.
c) Private sector industries controlled by state.
10 * questions should not be too long 3
any 3
* questions should move from general to specific

* questions should be precise and clear

* questions should be enable to answer quickly

* questions should not use double negatives

* questions should not indicate alternatives to the answer

11 High increase in agricultural productivity by using H Y V Seeds 1

and new technology is called as green revolution.
Factors.
a) High Yielding Variety Seeds ( H Y V Seeds) 1
b) Chemical fertilizers and pesticides any 2
c) Modern technology like mechanization
d) Irrigation facilities
e) Agricultural research & agricultural credit facilities etc….
merits.
a) Productivity of agriculture increased
 b) Stock of food grains increased
c) Price control on food grains. 1
d) Modernization in agriculture any2
f) Marketable surplus increased.
e) Solved food crisis.
f) Self reliance in food grain production. etc….
demerits.
a) Green revolution was only a wheat revolution.
b)Green revolution benefited only to rich farmers. 1
c) Mechanization resulted to unemployment. any2
d) Inequality among the farmers increased etc….
12 Two types.
1. Sampling errors 1
2. Non sampling errors

1. Sampling errors:- Mathematical errors. Such errors are related to the 1

size of the sample.
Sampling errors = size of population – size of sample
Such errors can be minimised by increasing the size of sample.

2. Non – sampling errors:- Such errors arise due to; 1

* mistakes in data acquisition
* mistakes in copy writings
* non-response etc....
Non sampling errors are more serious than sampling errors because
sampling errors can be minimised by increasing the size of sample. But 1
this is not possible in the case of non sampling errors.

13 * Growth. 2
* Modernisation.
* Self reliance.
* Equity.
Explanation 3
14 1. Random sampling 1
2. Non – random sampling

1. Random sampling:- Every individual of the population has an equal

chance of being selected as the sample.
2
a) Lottery method

b) Tables of random number method

2. Non random sampling:-Every individual of the population has no

equal chance of being selected as the sample

a) Convenient sampling 2

b) Judgement sampling

c) Purposive sampling

d) Quota sampling etc.....

15 Liberalisation means put an end to the restrictions on the 1
economy. It means open up various sectors of the economy.

1.Industrial sector reforms

* Industrial sector deregulated.
* Industrial licensing abolished for almost all products except
alcohol, cigarettes, hazardous chemicals etc.... 2
* Only some industries reserved for the public sector ( defence,
atomic energy,railways etc..)
* Dereserved small scale industrial products
* Allowed market price system.

2.Financial sector reforms

* reduce the role of RBI on financial sector
* promote private sector banks
* promote foreign investments in banks 2
* set up new branches of banks without the approval of the RBI
* support foreign institutional investors (FIIs)such as merchant
banks, mutual funds, pension
funds etc.....
3. Tax reforms :-
* reduce direct tax rates.
* reduce indirect tax rates
* reduce corporate tax rate. 1
* impose new types of taxes
* simplify the procedure of tax payments of tax payers
* provided tax incentives to foreign investors etc....
4. Foreign exchange market reforms :-
the policy of devaluation.
* Devaluation means reduce the value of domestic currency to 1
the value of foreign currency.
* flexible exchange rate system

5.Trade and investment policy reforms

* remove quantitative restrictions on exports and imports
* reduce tariff rate
* abolish import licensing 1
* remove export duties etc....
* foreign investment promoted
16. The main reason for the reforms was the economic crisis during
1980s and 1990s. The important causes for the economic crisis 1
were;
* Inefficient management of the economy
* Weak performance of public sector
* Government expenditure exceeded it’s revenue (deficit budget )
* Large increase in public debt 3
* Lack of foreign exchange reserves
* Large imports of petroleum products
* Price rise of essential goods
* Gulf war in 1991 etc......
India approached IBRD and IMF to meet the problem of
economic crisis. India approved the conditions of World Bank
and IMF and announced the New Economic Policy (NEP). A set 1
of policies were introduced on the basis of NEP. This set of
policies can be classified in to two groups.
(1) stabilization measures 2
(2) structural reform measures .
> Liberalization
> Privatization 1
> Globalization.