Andaman Nicobar Group C 2023: Economic Investigator, District Industries Center, Shift 1

1.

Merchant' is related to 'Trade' in the same way as 'Doctor' is related to:



(A)

Medicine

(B)

Prescription

(C)

Healing

(D)

Examination

Answer: (D) Examination



2.

Fish' is related to 'Pisciculture' in the same way as 'Bees' is related to:



(A)

Horticulture

(B)

Apiculture

(C)

Sericulture

(D)

Viticulture

Answer: (B) Apiculture



3.

Out of the four options given below, three are of a kind while one does not belong to
the group. Choose the one which is unlike the others.



(A)

Circle: arc

(B)

TV: Screen

(C)

Book: Cover

(D)

Laptop: Charger

Answer: (D) Laptop: Charger



4.

"What will come in place of the question mark in the following number series?
114 11510713470?"



(A)

140

(B)

35

(C)

195

(D)

150

Answer: (C) 195



5.
In a certain code, WORKABLE is written as VOYZPILD, how will BLUNDERS be
written in same code?



(A)

CMVOEST

(B)

TSEOVMC

(C)

YOFMWVIH

(D)

HIVWMFOY

Answer: (D) HIVWMFOY



6.
"All purses are mobile. All mobile are phones. Some mobiles are rings. No ring is
purse. Which Conclusion is right?"

(A)

Some purse is ring.

(B)

No mobile is ring.

(C)

Some phones are purse.

(D)

All rings are mobile.

Answer: (C) Some phones are purse.



7.

There are seven persons A, B, C, D, E, F and G sitting in a line facing west. E is to the
immediate right of G. B is at one of the extreme ends and has E as his neighbour. G is
between E and F. C is sitting second from the south end. Who is sitting at the southern
end?



(A)

A

(B)

B

(C)

C

(D)

E

Answer: (A) A



8.

"A - B' means 'A is father of B'
'A + B' means 'A is daughter of B'
'A ÷ B' means 'A is son of B'
'A × B' means 'A is wife of B'
Which of the following means P is grandson of S?"



(A)

P+Q-S

(B)

P÷Q×S

(C)

P÷Q+S

(D)

P×Q÷S

Answer: (C) P ÷ Q + S



9.

Spider : Insect : : Crocodile : ?



(A)

Reptile

(B)

Mammal

(C)

Frog

(D)

Carnivore

Answer: (A) Reptile



10.

"A - B' means 'A is father of B'
'A + B' means 'A is daughter of B'
'A ÷ B' means 'A is son of B'
'A × B' means 'A is wife of B'
In the expression 'P + Q × T' how is T related to P ?"



(A)

Mother

(B)

Father

(C)

Son

(D)

Brother

Answer: (B) Father



11.

Milk : Emulsion : : Butter : ?



(A)

Aerosol

(B)

Suspension

(C)

Sol

(D)

Gel

Answer: (D) Gel



12.
"A - B' means 'A is father of B'
'A + B' means 'A is daughter of B'
'A ÷ B' means 'A is son of B'
'A × B' means 'A is wife of B'
There is sufficient food for 116 men for25 days. After 21 days, 100 men leave the
place. For how many days will the rest of the food last for the rest of me men?"



(A)

19 days

(B)

24 days

(C)

29 days

(D)

15 days

Answer: (C) 29 days



13.

"All silver are metals. All metals are steel. Some steels are stones. All stones are
stands.
I. Some stands are metals. II. Some stones are silver. III. Some stands are steel.
IV. Some stones are steel."



(A)

Only III and IV follow

(B)

Only I follows

(C)

Only II follows

(D)

Only III follows

Answer: (A) Only III and IV follow



14.

"All chairs are tables. All tables are songs. Some songs are rhythms. Some rhythms
are pillows.
I. Some tables are chairs. II. All tables are rhythms. III. All chairs are songs.

IV. Some pillows are songs."



(A)

Only I and III follow

(B)

Only I and IV follow

(C)

Only I follows

(D)

Only III follows

Answer: (A) Only I and III follow



15.

"Some mobiles are pens. Some pens are covers. Some covers are plates. All plates are
papers.
I. All mobiles are covers. II. Some pens are papers. III. All plates are pens.
IV. Some papers are mobiles."



(A)

Only I follows

(B)

Only II follows

(C)

Only I and IV follow

(D)

None follows

Answer: (D) None follows



16.

"All shoes are tables. Some tables are lanes. All caps are lanes. Some lanes are row.
I. Some tables are rows. II. Some tables are shoes. III. Some rows are caps.
IV. Some lanes are shoes."



(A)

Only I and II follow

(B)

Only II follows

(C)

Only III follows

(D)

Only either I or IV follows

Answer: (B) Only II follows



17.

"All brands are bottles. All bottles are machines. All machines are files. All files are
roots.
I. Some flies are machines. II. Some brands are roots. III. Some machines are roots.
IV. All brands are flies."



(A)

None follows

(B)

Only I follows

(C)

Only IV follows

(D)

All follow

Answer: (D) All follow



18.

I came _____ America.



(A)

from

(B)

at

(C)

in

(D)

on

Answer: (A) from



19.

I ____ cold.



(A)

am

(B)

have

(C)

had

(D)

is

Answer: (A) am



20.

______ car is very old fashioned.



(A)

Fatima's

(B)

Fatima is

(C)

Fatimas

(D)

Fatimas'

Answer: (A) Fatima's



21.

I speak English but he_______.



(A)

doesn't speaks

(B)

doesn't speak

(C)

speaks

(D)

don't speak

Answer: (B) doesn't speak



22.

Nowadays everyone ______ internet.



(A)

had used

(B)

uses

(C)

used

(D)

use

Answer: (B) uses



23.

______ there anybody in the room?



(A)

Are

(B)

is

(C)

am

(D)

if

Answer: (A) Are



24.

Where_____ John and Marry yesterday?



(A)

was

(B)

were

(C)

had been

(D)

had

Answer: (B) were



25.

How long__________ learning English?



(A)

have you been

(B)

are you

(C)

did you

(D)

had you

Answer: (A) have you been



26.

Are you _______ than her?

(A)

more tall

(B)

taller

(C)

most tall

(D)

tallest

Answer: (B) taller



27.

You______ see a doctor.



(A)

should

(B)

have to

(C)

must

(D)

all of them

Answer: (D) all of them

28.

After this you should drive__________.



(A)

more carefully

(B)

more careful

(C)

carefully

(D)

carefull

Answer: (A) more carefully



29.

Do you go to school? _________



(A)

yes, I go

(B)

yes, I do

(C)

yes, I am going

(D)

yes, I am

Answer: (A) yes, I go



30.

You____ go to school.



(A)

have to

(B)

are forced to

(C)

have

(D)

are ordered to

Answer: (A) have to



31.

I hope everyone_____ learned something from this.



(A)

had

(B)

have

(C)

has

(D)

has to

Answer: (C) has



32.

Which value is reflected in Heracles?



(A)

taking care of one's children.

(B)

disobeying the gods to follow one's path.

(C)

disobeying the rules to achieve one's goals.

(D)

taking responsibility for one's actions

Answer: (A) taking care of one's children



33.

Select the synonym of carnal

(A)

spiritual

(B)

sensual

(C)

decent

(D)

chaste

Answer: (B) sensual



34.

Select the option that expresses the given sentence in passive voice: Sujata shared the
results of her experiment with her colleagues.



(A)

Her colleagues shared the results of her experiment with Sujata

(B)

The results of her experiment are being shared with her colleagues by Sujata

(C)

The results of her experiment were shared with her colleagues by Sujata

(D)

The results of her experiment can be shared with her colleagues by Sujata

Answer: (B) The results of her experiment are being shared with her colleagues by

Sujata

35.

Kandangi saree, which has got GI tag, is associated to which state?



(A)

Karnataka

(B)

Kerala

(C)

Tamil Nadu

(D)

Andhra Pradesh

Answer: (C) Tamil Nadu



36.

Peacock parachute spider, which is recently spotted in Eastern Ghat, belongs to the
genus



(A)

Chilobrachys

(B)

Poecilotheria

(C)

Avicularia

(D)

Mygalomorphae

Answer: (B) Poecilotheria



37.

Where was the India's first automated battery charging and changing station for e-
buses inaugurated?



(A)

Ahmedabad

(B)

Chennai

(C)

Bangalore

(D)

New Delhi

Answer: (A) Ahmedabad



38.

Which mobile application is launched by the government to search for generic
medicines?



(A)

Janaushadhi Sarvada

(B)

Janaushadhi Service

(C)

Janaushadhi Safalam

(D)

Janaushadhi Sugam

Answer: (D) Janaushadhi Sugam



39.

Recently launched book 'listening, learning and reading' is based on which leader?



(A)

Narendra Modi

(B)

Amit Shah

(C)

M. Venkaiah Naidu

(D)

Ram Nath Kovind

Answer: (C) M. Venkaiah Naidu



40.

The book 'Idea of Justice' is written by

(A)

Amitabh Ghosh

(B)

Amartya Sen

(C)

Jaswant Singh

(D)

S.S. Sodhi

Answer: (B) Amartya Sen



41.

From which of the following taxes, the central government gets the maximum
revenue?



(A)

Corporate Tax

(B)

Income Tax

(C)

Excise Duties

(D)

Custom Duties

Answer: (A) Corporate Tax

42.

Which one of the following is the first private telecom company to get a licence to
launch a long-distance phone service in India?



(A)

Bharti Telesonic

(B)

Nokia

(C)

Reliance

(D)

Airtel

Answer: (A) Bharti Telesonic



43.

'Namami Gange' is associated with for clean Ganga-



(A)

National Mission

(B)

Ganga Action Plan

(C)

Smart City Mission

(D)

AMRUT

Answer: (A) National Mission



44.

The organization which looks after the credit needs of agriculture and rural
development is-



(A)

FCI

(B)

NABARD

(C)

IDBI

(D)

ICAR

Answer: (B) NABARD



45.

Who got the Nobel Peace Prize 2019?



(A)

Olga Tokarczuk

(B)

Abiy Ahmed Ali

(C)

Peter Handke

(D)

Michael Kremer

Answer: (B) Abiy Ahmed Ali

46.

Where is Saddle Peak in Andaman and Nicobar Islands situated?



(A)

Great Nicobar

(B)

Middle Andaman

(C)

Little Andaman

(D)

Northern Andaman

Answer: (D) Northern Andaman



47.

What is the name of the disputed coastal area located far from the Gujarat coast
between India and Pakistan?



(A)

Gulf of Cambay

(B)

Sir Creek

(C)

Gulf of Khambhat

(D)

Mouth of Indus

Answer: (B) Sir Creek



48.

River Indus originates at:



(A)

Hindukush range

(B)

Himalayan range

(C)

Karakoram range

(D)

Kailash range

Answer: (C) Karakoram range



49.

Wahabis were ________ fanatics.

(A)

Hindu

(B)

Muslim

(C)

Christian

(D)

Sikh

Answer: (B) Muslim



50.

Who was the founder of Seva Sadan in Bombay?



(A)

Shiva Narayan Agnihotri

(B)

Ramabai Ranade

(C)

R.G. Bhandarkar

(D)

B.K. Jayakar

Answer: (B) Ramabai Ranade

51.

The capital that is consumed by an economy or a firm in the production process is
known as



(A)

Capital loss

(B)

Production cost

(C)

Dead-weight loss

(D)

Depreciation

Answer: (D) Depreciation



52.

Which among the following statement is INCORRECT?



(A)

On a linear demand curve, all the five forms of elasticity can be depicted

(B)

If two demand curves are linear and intersecting each other, then, coefficient of
elasticity would be same on different demand curves at the point of intersection.

(C)

If two demand curves are linear and parallel to each other, then, at a particular price,
the coefficient of elasticity would be different on different demand curves.



(D)

The price elasticity of demand is expressed in terms of relaive not absolute changes in
Price and Quantity demanded.



Answer: (C) If two demand curves are linear and parallel to each other, then, at a
particular price, the coefficient of elasticity would be different on different demand
curves.



53.

The horizontal demand curve parallel to x-axis implies that the elasticity of demand is



(A)

Zero

(B)

Infinite

(C)

Equal to 1

(D)

Greater than zero but less than infinity

Answer: (B) Infinite

54.

The producer's demand for a factor of production is governed by the ____ of the
factor.



(A)

Price will decrease

(B)

Marginal productivity

(C)

Availability

(D)

Profitability

Answer: (B) Marginal productivity



55.

The mean and standard deviation of a sample size 10 were found to be 9.5 and 2.5
respectively. Later on, an additional observation become available. This was 15.0 and
was included in the original sample. The mean and standard deviation of 11
observations will be



(A)

10 and 2.5

(B)

10 and 2.86

(C)

11 and 3.86

(D)

12 and 4.86

Answer: (B) 10 and 2.86



56.

What is the mode of 5, 7, 9, 12, 10, 15, 7, 8, 7, 25?



(A)

7

(B)

8

(C)

25

(D)

9

Answer: (A) 7



57.

Which of the following statements about the production possibility curve is accurate?



(A)

The main reason for the rightward shift of the production possibility curve is war

(B)

The main reason for the rightward shift of the production possibility curve is
migration



(C)

The main reason for the rightward shift of the production possibility curve is skill
development programmes



(D)

The main reason for the rightward shift of the production possibility curve is natural
disasters


Answer: (C) The main reason for the rightward shift of the production possibility
curve is skill development programmes



58.

Which of the following statements reflect the correct situation related to the allocation
of the resources?



(A)

Allocation of the resources comes under the causes of economic problems

(B)

Allocation of the resources comes under the causes of opportunity cost

(C)

Allocation of the resources comes under the causes of central problems

(D)

Allocation of the resources comes under the causes of marginal demand

Answer: (C) Allocation of the resources comes under the causes of central problems



59.

Which of the following statements about the production possibility curve is true?



(A)

If a point falls inside the production possibility curve, it indicates that the resources
are over utilised



(B)

If a point falls inside the production possibility curve, it indicates that the resources
are underutilised



(C)

If a point falls inside the production possibility curve, it indicates that there is
adequate employment in the economy



(D)

If a point falls inside the production possibility curve, it indicates that there is
inadequate employment in the economy



Answer: (B) If a point falls inside the production possibility curve, it indicates that the
resources are underutilised



60.

(x + y) (x - y) =



(A)

x2 + 2xy − y2

(B)

x2 − 2xy + y2

(C)

x2 − y2

(D)

x2 + yx − y2

Answer: (C) x2 − y2



61.

What would be the overall effect on aggregate output if there is an increase in the
planned investment spending?



(A)

The aggregate output will increase by an amount that is less than the change in
investment spending



(B)

The aggregate output will increase by an amount that is greater than the change in
investment spending



(C)

The aggregate output will increase by an amount that is equal to the change in
investment spending



(D)

The aggregate output will decrease by an amount that is less than the change in
investment spending



Answer: (C) The aggregate output will increase by an amount that is equal to the

change in investment spending



62.

Which of the following statements is accurate about the free market in a nation’s
economy?



(A)

It is an economy with minimal intervention from the government in trade and minimal
regulations



(B)

It is an economy with maximum intervention from the government in trade and
maximum regulations



(C)

It is an economy with maximum intervention from the government in trade and
minimal regulations

(D)

It is an economy with minimal intervention from the government in trade and
maximum regulations



Answer: (A) It is an economy with minimal intervention from the government in trade
and minimal regulations



63.

Which of the following statements is accurate about the two-sector economy?



(A)

The two-sector economy consists of firms and the government

(B)

The two-sector economy consists of firms and foreign sector

(C)

The two-sector economy consists of households and government

(D)

The two-sector economy consists of households and firms

Answer: (D) The two-sector economy consists of households and firms



64.

What distinguishes a bank from other financial institutions?



(A)

Accepting time deposits as a courtesy

(B)

Accepting demand deposits

(C)

Lending

(D)

Accepting loans and borrowings

Answer: (B) Accepting demand deposits



65.

Given CRR = 4% and SLR = 16%, the value of the money multiplier is:



(A)

5

(B)

25

(C)

8.33

(D)

6.25

Answer: (A) 5



66.

A primary reason why nations conduct international trade is because



(A)

Some nations prefer to produce one thing while others produce another

(B)

Resources are not equally distributed to all trading nations

(C)

Trade enhances opportunities to accumulate profits

(D)

Interest rates are not identical in all trading nations

Answer: (B) Resources are not equally distributed to all trading nations



67.

A main advantage of specialization results from:



(A)

Economics of large-scale production

(B)

The specializing country behaving as a monopoly

(C)

Smaller production runs resulting in lower unit costs.

(D)

High wages paid to foreign workers

Answer: (A) Economics of large-scale production



68.

"Consider the following statements and identify the right ones.
i. Central government does not have exclusive power to impose tax which is not
mentioned in state or concurrent list.
ii. The constitution also provides for transferring certain tax revenues from union list
to states."



(A)

i only

(B)

ii only

(C)

both

(D)

none

Answer: (B) ii only



69.

The tax on net income of companies is



(A)

Personal income tax

(B)

Interest tax

(C)

Wealth tax

(D)

Corporation tax

Answer: (D) Corporation tax



70.

A Type I error occurs when we:



(A)

reject a false null hypothesis

(B)

reject a true null hypothesis

(C)

do not reject a false null hypothesis

(D)

do not reject a true null hypothesis

Answer: (B) reject a true null hypothesis



71.

What is the meaning of the term “heteroscedasticity”?

(A)

The variance of the errors is not constant

(B)

The variance of the dependent variable is not constant

(C)

The errors are not linearly independent of one another

(D)

The errors have non- zero mean

Answer: (A) The variance of the errors is not constant



72.
Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of
which of the following?



(A)

SBI

(B)

RBI

(C)

ICICI

(D)

SEBI

Answer: (B) RBI

73.

For which of the commodities the unit bpd is used in international trade?



(A)

Meat & Livestock

(B)

Precious Metals

(C)

Industrial metals

(D)

Crude oil

Answer: (D) Crude oil



74.

Which among the following regulates the opening of bank accounts overseas by
Indian residents and for outward or inward remission of funds through authorized
channels?



(A)

Ministry of External Affairs

(B)

Ministry of Finance

(C)

Ministry of Overseas Indians

(D)

RBI

Answer: (D) RBI



75.

The concept Industrial Reserve Army is introduced by



(A)

Turgot

(B)

Karl Marx

(C)

Joan Robinson

(D)

J.S. Mill

Answer: (B) Karl Marx



76.

__________ is a specialised branch of accounting that keeps track of a company’s
financial transactions.



(A)

Cost accounting

(B)

Management accounting

(C)

Financial Accounting

(D)

Corporate accounting

Answer: (C) Financial Accounting



77.

Financial accountancy is governed by ___________



(A)

local standards only

(B)

international standards

(C)

local as well as international accounting standards

(D)

company’s internal top management only

Answer: (C) local as well as international accounting standards



78.

In which of the following business organisations there is separation of ownership and
management?

(A)

Sole-proprietorship

(B)

Partnership

(C)

Hindu undivided family

(D)

Company

Answer: (D) Company



79.

The accounting standards Board (India) was formed by the Institute of Chartered
Accountants of India in April---------------



(A)

1977

(B)

1978

(C)

2001

(D)

2009

Answer: (A) 1977

80.

Accounting Standards in India are Issued by the ………..



(A)

ICAI

(B)

BMCC

(C)

IT

(D)

IMA

Answer: (A) ICAI



81.

Law is either private law or _________ law.



(A)

Public

(B)

Private

(C)

Local

(D)

Family

Answer: (A) Public



82.

Basic objective of cost accounting is ________



(A)

tax compliance.

(B)

financial audit.

(C)

cost ascertainment.

(D)

profit analysis.

Answer: (C) cost ascertainment.



83.

Process costing is suitable for ________.



(A)

hospitals

(B)

oil refing firms

(C)

transport firms

(D)

brick laying firms

Answer: (B) oil refing firms



84.

Cost classification can be done in ________.



(A)

two ways

(B)

three ways

(C)

four ways

(D)

several ways

Answer: (D) several ways



85.

If Y = aX ± b, where a and b are any two constants and a ∦ 0, then the quartile
deviation of Y values is equal to:



(A)

a Q.D(X) + b

(B)

∣a∣ Q.D(X)

(C)

Q.D(X) - b

(D)

∣b∣ Q.D(X)

Answer: (B) ∣a∣ Q.D(X)



86.

For a symmetrical distribution:



(A)

β1 > 0

(B)

β1 < 0

(C)

β1 = 0

(D)

β1= 3

Answer: (C) β1 = 0



87.

Which of the following is an absolute measure of dispersion?



(A)

Coefficient of variation

(B)

Coefficient of dispersion

(C)

Standard deviation

(D)

Coefficient of skewness

Answer: (C) Standard deviation



88.

_________ refers to accounting relating to corporate bodies or joint stock companies.



(A)

Financial accounting

(B)

Corporate Accounting

(C)

Cost accounting

(D)

Management accounting

Answer: (B) Corporate Accounting



89.

East India Company is an example of ________



(A)

Chartered Companies

(B)

Statutory Companies

(C)

Registered Companies

(D)

OPC

Answer: (A) Chartered Companies



90.

What is considered the language of business used to communicate financial
information?



(A)

Marketing

(B)

Profit

(C)

Pricing

(D)

Accounting

Answer: (D) Accounting



91.

The meaning of the acronym HRM is



(A)

Human Relations Management

(B)

Humanistic Resource Management

(C)

Human Resource Management

(D)

Human Resourceful Management

Answer: (C) Human Resource Management



92.

When did the Companies Act 2013 came into force?



(A)

5th August 2013

(B)

10th August 2013

(C)

15th August 2013

(D)

20th August 2013

Answer: (D) 20th August 2013



93.

Any contaminated components that seep into the soil, filtration, and are transferred
into the underground reservoir are referred to as



(A)

Water Pollution

(B)

Noise Pollution

(C)

Land Contamination

(D)

Air pollution.

Answer: (C) Land Contamination



94.

Income Tax Act, 1961 came into force on:

(A)

1 – 1 – 1961

(B)

1 – 4 – 1961

(C)

1 – 1 – 1962

(D)

1 – 4 – 1962

Answer: (D) 1 – 4 – 1962



95.

The term money has been derived from the Latin Word:



(A)

Moneta

(B)

Peconja

(C)

Monate

(D)

Menoty

Answer: (A) Moneta

96.

operating costing is a ________.



(A)

method of costing

(B)

technique of costing

(C)

norm of costing

(D)

procedure of costing

Answer: (A) method of costing



97.

Investment can be defined as



(A)

Person’s dedication to purchasing a house or flat

(B)

Use of capital on assets to receive returns

(C)

Usage of money on a production process of products and services

(D)

Net additions made to the nation’s capital stocks

Answer: (B) Use of capital on assets to receive returns



98.

The finance manager is accountable for.



(A)

Earning capital assets of the company

(B)

Effective management of a fund

(C)

Arrangement of financial resources

(D)

Proper utilisation of funds

Answer: (C) Arrangement of financial resources



99.

What is the purpose of a certificate of origin in the export process?



(A)

To assess the creditworthiness of the importer

(B)

To provide details of the goods and terms of export

(C)

To obtain an export license

(D)

To prove the origin of the goods for tariff concessions or exemptions

Answer: (D) To prove the origin of the goods for tariff concessions or exemptions



100.

Which document is required to obtain an export license?



(A)

Export Invoice

(B)

Import Export Code (IEC) number

(C)

Certificate of Inspection

(D)

Registering with Export Credit and Guarantee Corporation (ECGC)

Answer: (B) Import Export Code (IEC) number