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TEST SERIES, VIDEOS & NOTES BOOKS, TESTS VIDEOS & NOTES
1.GEOGRAPHY 1.UPPSC 2.SSC 3.MPSC
2.HISTORY 4.IBPS 5.RAS & RPSC
3.MATHEMATICS ENGINEERING BOOKS & MATERIAL
4. SOCIOLOGY 1. IES 2. GATE 3. IFoS
5.PUBLIC ADMINISTRATION 4. COMPUTER SCIENCE
6. POLITICAL SCIENCE 5. MECHINICAL ENGINEERING
7. ECONOMICS OTHER TELEGRAM CHANNELS
8 PHYSICS 1 GOVERNMENT JOBS
9 COMMERCE ACCOUNTANCY 2 LEARN YOGA & MEDITATION
10 ANTHROPOLOGY 3 LEARN ENGLISH
11 LAW 4 BEST DELAS & OFFERS
12 PHILOSOPHY 5 IAS HINDI BOOKS
13 CHARTERED ACCOUNTANTANCY 6 PDFs FOR ALL EXAMS
14 MEDICAL SCIENCE 7. WORLD DIGITAL LIBIRARY
1.CHENNAI STUDENTS 2.BANGLORE STUDENTS 3. CURRENT AFFAIRS
CONTACT FOR ADVERTISEMENT IN ABOVE CHANNLES
ADMIN1: ADMIN2:
1. Consider the following: 4. Which of the following indicators are taken into
1. Market Borrowing consideration while calculating 'Multi-dimensional
Poverty Index (MPI)'?
2. Treasury Bills
1. Years of Schooling
3. Special Securities to the RBI 2. Assets
Which of given above is/are component(s) of 3. Child Mortality
‘Internal Debt’ of the government? 4. Sanitation
(a) 1 only 5. Electricity
(b) 1 and 2 only Select the correct answer from the codes given below:
(a) 3, 4 and 5 only
(c) 1 and 3 only
(b) 1, 3 and 4 only
(d) 1, 2 and 3
(c) 1, 3, 4 and 5 only
2. Which of the following does not fall under the (d) 1, 2, 3, 4 and 5
category of ‘Capital Receipts’?
5. Which of the following could be the possible
1. Borrowing by the government from Reserve implications of government incurring a ‘Revenue
Bank. Deficit’?
2. Loans received from foreign governments and 1. Government is dissaving and using savings of
international organisation. the other sectors of economy.
3. Interest and dividend on investments made 2. Higher fiscal deficit of the government.
by the government. 3. Government borrowings will also be used for
consumption requirements.
4. Deposits in Post-Office Savings Accounts.
Select the correct answer from the codes given below:
Select the correct answer from the codes given (a) 3 only
below:
(b) 1 and 2 only
(a) 3 only (c) 1, 2 and 3
(b) 3 and 4 only (d) 2 and 3 only
(c) 1, 2 and 3 6. With reference to ‘Reserve Deposit Ratio (RDR)’,
consider the following statements:
(d) 2 and 3 only
1. Cash Reserve Ratio (CRR) is the fraction of
3. Consider the following statements about ‘Fiscal
bank’s total demand and time deposits that
Drag’: must be kept with RBI only in cash form.
1. Fiscal Drag is a damper on the economy 2. Statutory Liquidity Ratio (SLR) requires the
caused by lack of spending or excessive banks to maintain a given fraction of their total
taxation. time and demand deposits in the form of
2. It is the consequence of expanding economies specified liquid assets.
with progressive taxation. 3. Higher Reserve Deposit Ratio (RDR) infuses
liquidity in the market.
Which of the given above statement(s) is/are correct?
Which of the statement(s) given above is/are correct?
(a) 1 only
(a) 3 only
(b) 2 only (b) 1 and 2 only
(c) Both 1 and 2 (c) 1, 2 and 3
(d) Neither 1 nor 2 (d) 2 and 3 only

1
7. Consider the following pairs: 10. According to the theory of ‘Purchasing Power
List – I List - II Parity (PPP)’, consider the following statements:
1. Demand Deposit Saving deposit & Current 1. PPP compares economic productivity and
account deposits standard of living between the countries.
2. Time Deposit Fixed deposit 2. If the country has higher inflation than another,
3. Legal tenders Cheques its exchange rate should be appreciating.

4. Fiat Money Currency notes and coin Which of the given above statement(s) is/are correct?
Which of the given above pair(s) are correctly (a) 1 only
matched?
(b) 2 only
(a) 1, 2 and 3 only
(c) Both 1 and 2
(b) 2 and 3 only
(c) 3 and 4 only (d) Neither 1 nor 2

(d) 1, 2 and 4 only 11. Consider the following items:

8. Which of the following are not included in the 1. Interest payment on Debt
‘Personal Disposable Income (PDI)’ earned by
2. Grants given to the State Government
the households?
1. Undistributed profits 3. Salaries of Employees

2. Corporate tax 4. Subsidies

3. Transfer payments made by the governments 5. Pensions
4. Income Tax Which of the given above are the main items of
Select the correct answer from the codes given below: ‘Revenue Expenditure’?
(a) 1, 2 and 4 only
(a) 3, 4 and 5 only
(b) 1 and 2 only
(b) 1, 3 and 5 only
(c) 2, 3 and 4 only
(d) 1, 2, 3 and 4 (c) 1, 2, 3, 4 and 5
9. Which of the following types of health care facilities (d) 1 and 4 only
have been identified for the implementation of 12. Which of the following contributes to India’s Gross
'LaQshya' program which was recently seen in National Product (GNP)?
news?
1. Income of ambassadors of other countries in
1. Government Colleges and Hospitals.
India.
2. District Hospitals and equivalent health
facilities. 2. Women working at home
3. Designated Private Hospitals in desert and 3. Income of Indian citizens working abroad
hilly areas.
Select the correct answer from the codes given below:
Select the correct answer from the codes given below:
(a) 1 and 2 only
(a) 1 and 2 only
(b) 2 and 3 only (b) 2 and 3 only

(c) 1 and 3 only (c) 3 only

(d) 1, 2 and 3 (d) None of the above

2
13. Identify the 'Operation' based on the following 16. Which of the following statement is incorrectly stated?
descriptions: (a) If the interest rates go up, it is likely that the
1. This operation is conducted by Delhi Police. demand of money goes down.
2. Under this operation, trafficked and (b) Selling of a bond by RBI to private individual
kidnapped person is rescued by Anti-Human or institutions is likely to reduce the money
Trafficking Unit. supply.
(c) A high fiscal deficit is accompanied by higher
3. Rescued children are counselled and given
demand and greater output and not necessarily
requisite medical attention.
be inflationary.
Select the correct answer using the codes given below: (d) None of the above
(a) Operation Milap 17. Which of the following state has become the first
(b) Operation Muskaan state in India to have a 'State Water Policy'?
(c) Operation Life (a) Meghalaya
(d) Operation Prabal (b) Andhra Pradesh
14. Consider the following statements: (c) Karnataka
(d) Telangana
1. Capital goods are any tangible assets used
by one business to produce goods or services 18. ‘High Powered Money’ is a term often used in
as an input for other businesses. economic concepts. In this context, which of the
following statement(s) is/are correct?
2. Consumer good is any good purchased for
1. It includes only that currency which is issued
consumption and not used for the production
by the Central Bank.
of another consumer good.
2. It can be held only by the commercial banks
3. Durable consumer goods have a lifespan of and government.
more than 3 years and non-durables have a
3. It is the currency that is borrowed from the
life span of less than 3 years.
International Monetary Fund.
Which of the statement(s) given above is/are correct? Select the correct answer from the codes given below:
(a) 1 only (a) None of the above
(b) 2 only (b) 1 and 2 only
(c) 1 and 2 only (c) 3 only
(d) 1, 2 and 3 (d) 1, 2 and 3
15. Which of the following actions increases the 19. Which of the following are considered as ‘Factors
‘Money Multiplier’ in an economy? of Production’?
1. Increase in the Case Reserve Ratio (CRR) 1. Human input into the production process
2. Capital required to build the firm
2. Increase in the Statutory Liquidity Ratio
3. Individual who supplies products to the
(SLR)
market, takes risks and make profit
3. Decrease in the Bank Rate
4. Natural resources available for production
Select the correct answer from the codes given below:
Select the correct answer from the codes given below:
(a) 3 only (a) 1 only
(b) None of the above (b) 1 and 2 only
(c) 1 and 2 only (c) 1, 2 and 3 only
(d) 1, 2 and 3 (d) 1, 2, 3 and 4

3
20. Consider the following statements: 23. Consider the following statements:
1. Depreciation refers to decrease in the price 1. Balance of Payment (BoP) records the
of the domestic currency in terms of the transactions in goods, services and assets
foreign currency under floating exchange between residents of a country with the rest
rates. of the world.
2. Devaluation refers to decrease in the price of 2. The increase in official reserves is called the
domestic currency under pegged exchange overall balance of payment deficit.
rates through official action. Which of the given above statement(s) is/are correct?
3. Depreciation corresponds to an increase in (a) 1 only
the exchange rate. (b) 2 only
Which of the given above statement(s) is/are correct? (c) Both 1 and 2
(a) 1 only (d) Neither 1 nor 2
(b) 2 only 24. 'Calicos' and' Chintz' refers to which of the
following?
(c) 1 and 2 only
(a) Varieties of Coffee produced in north-eastern
(d) 1, 2 and 3
part of the country.
21. With reference to the ‘Bretton Woods Conference’ (b) Fine variety of cotton cloth of the country.
held in 1944, consider the following statements:
(c) Species of Butterfly, that recently became
1. It resulted in the creation of International state butterfly of Tamil Nadu.
Monetary Fund (IMF) and World Bank.
(d) Turmeric produced by Telangana that recently
2. A system of fixed exchange rates was got GI tag.
established. 25. Which of the following is not a function of Reserve
Which of the given above statement(s) is/are correct? Bank of India?
(a) 1 only (a) Regulation of liquidity in the market
(b) 2 only (b) Regulation of Foreign Exchange
(c) Both 1 and 2 (c) Management of Fiscal Deficit

(d) Neither 1 nor 2 (d) Banker to the Government and Commercial

Banks
22. Consider the following statements about ‘Fiscal
26. With reference to ‘Fiat money’, consider the
Deficit’:
following statements:
1. It is the budgetary deficit plus the net
1. Currency notes and coins are Fiat money.
borrowings of the government.
2. They do not have intrinsic value like silver and
2. Fiscal Deficit indicates the total borrowing copper.
requirements of the government from all
3. They can be refused by any citizen of country
sources.
for settlement of any type of transaction.
Which of the given above statement(s) is/are correct?
Which of the given above statement(s) is/are correct?
(a) 1 only (a) 1 only
(b) 2 only (b) 1 and 2 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3

4
27. Consider the following statements: 31. Which of the following statement(s) is/are correct
1. Gross National Product (GNP) is GDP plus about ‘Capitalist Economy’?
net factor income from abroad. 1. The goods are produced based on the
2. Net Domestic Product at Factor Cost is also purchasing power of an individual.
known as National Income. 2. The production of goods and services is
Which of the given above statement(s) is/are correct? based on supply and demand in the general
(a) 1 only market.
(b) 2 only 3. United States, Singapore and China are
(c) Both 1 and 2 examples of capitalist economy.
(d) Neither 1 nor 2 Select the correct answer using the codes given below:
28. ‘India’s Forex Reserves’ comprises of: (a) 1 only
(a) Foreign Currency Assets, Gold reserves, (b) 3 only
Special Drawing Rights and India’s reserve
(c) 1 and 2 only
position with IMF.
(d) 1, 2 and 3
(b) G-secs, Gold reserves, Special Drawing
Rights and India’s reserve position with IMF. 32. Which of the following programmes aim at
improving the food and nutritional status of the
(c) Foreign Currency Assets, Gold reserves and
Special Drawing Rights. poor?
(d) Foreign Currency Assets, Bonds of different 1. Public Distribution System
countries, Special Drawing Rights and India’s 2. Integrated Child Development Scheme
reserve position with IMF. 3. Mid-day Meal Scheme
29. Consider the following committees: Select the correct answer using the code given below:
1. Tarkunde Committee (a) 1 and 2 only
2. Dinesh Goswami Committee
(b) 2 and 3 only
3. Indrajit Gupta Committee
(c) 1 and 3 only
Which of the given above committees is/are related
(d) 1, 2 and 3
to 'Electoral Reforms'?
(a) 1 and 2 only 33. Which of the following statement(s) is/are correct
about 'Plan Bee'?
(b) 2 only
(c) 1, 2 and 3 1. It is an initiative launched by the Indian
Railways.
(d) None of the above
30. Which of the following factor(s) is/are responsible 2. It is an amplifying system to imitate the buzz
for ‘Informalisation of Labour Force’? of honey bees to keep wild elephants away
from tracks.
1. Pressure to cut cost of production
2. Rigid labour laws 3. This plan has brought down the number of
3. Demand - supply imbalance of labour force casualties of elephants.

Select the correct answer from the codes given below: Select the correct answer using the codes given below:
(a) 1 only (a) 1 only
(b) 1 and 2 only (b) 1 and 2 only
(c) 2 and 3 only (c) 2 and 3 only
(d) 1, 2 and 3 (d) 1, 2 and 3

5
34. Which of the following statements are correct 37. With reference to the 'Spike Missiles', recently in
about ‘Reserve Bank of India (RBI)’? news, consider the following statements:
1. Reserve Bank of India was established 1. It is an indigenous missile developed by
immediately after the adoption of Indian DRDO.
Constitution in 1949.
2. It have automatic self-guidance system.
2. It is a custodian of the foreign exchange
3. It can be placed in both mountains and plains.
reserves of the country.
Which of the given above statement(s) is/are correct?
3. Bank rates or Open Market Operations are
instruments through which the central bank (a) 3 only
controls money supply. (b) 1 and 2 only
Select the correct answer from the codes given below: (c) 2 and 3 only
(a) 1 only (d) 1 only
(b) 1 and 2 only 38. In an economy, ‘Headcount Ratio’ is the measure of:
(c) 2 and 3 only (a) Unemployment
(d) 1, 2 and 3 (b) Poverty
35. Consider the following statements:
(c) Literacy
1. An asset is a resource with economic value
(d) Malnutrition
with the expectation that it will provide a future
benefit. 39. Consider the following statements regarding
‘Substitutes’ and ‘Complementary’ goods:
2. An asset of a bank consists of its reserves
with the central bank and loans. 1. Demand for a good moves in opposite
3. Deposits of the people in banks is the liability direction of the price of its complementary
of banks. goods.
Which of the statement(s) given above is/are correct? 2. Demand of a good usually moves in the
(a) 1 only direction of the price of its substitutes.
(b) 2 only Which of the statements given above is/are correct?
(c) 2 and 3 only (a) 1 only
(d) 1, 2 and 3 (b) 2 only
36. Consider the following statements: (c) Both 1 and 2
1. Bonds are papers bearing the promise of (d) Neither 1 nor 2
future stream of monetary returns over a 40. Which of the following constitutes ‘Gross
certain period of time. Investment’?
2. These are issued by both governments and
1. Machines, tools and implements
firms.
2. Buildings and office spaces
3. An increase in interest rates leads to increase
in bond price and vice versa. 3. Roads or Bridges
Which of the statement(s) given above is/are correct? Select the correct answer from the codes given below:
(a) 1 only (a) 1 only
(b) 1 and 2 only (b) 1 and 2 only
(c) 2 and 3 only (c) 2 and 3 only
(d) 1, 2 and 3 (d) 1, 2 and 3

6
41. Which among the following is included while 44.
calculating the GDP through ‘Expenditure method’?
1. Final consumption expenditure on the goods
and services produced by the firm.
2. Final investment expenditure incurred by firms
on capital goods.
3. Expenditure by government on final goods and
services.
4. Export revenues earned by the firms by selling
its goods and services abroad.
Select the correct answer from the codes given below:
(a) 1 and 3 only
(b) 2 and 4 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
42. Which of the following statement(s) is/are correct
about the 'Kharchi Festival'?
1. It is a popular festival of West Bengal.
2. The festival is associated with the indigenous
tribal deities and has been influenced by
Brahmanical Hindus.
Select the correct answer from the codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
43. Consider the following statements about
‘Depreciation’:
1. It refers to that portion of the capital goods 46.
which goes in the maintenance and
replacement of existing goods due to wear
and tear.
2. It takes into account unexpected and sudden
destruction caused due to natural calamities.
3. To obtain gross investment in an economy,
depreciation is subtracted from the net
investment.
Which of the statement(s) given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 only
(d) 1 and 3 only
Consider the following statements with reference
to ‘Relative and Absolute Poverty’:
1. Relative poverty is defined as the condition
under which one cannot afford ‘the minimum
provision needed to maintain health and
working efficiency’.
2. Absolute poverty is the condition in which
people lack the minimum amount of income
needed in order to maintain the average
standard of living in the society in which they
live.
Which of the statement(s) given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
45. In the context of economy, sterilization by RBI
refers to:
(a) Operations by RBI to neutralize effects of
excess inflow of foreign investments in the
economy.
(b) Operations by RBI to neutralize the effects
of high non-performing assets on the
economy.
(c) Operations by the RBI to neutralize the effects
of high fiscal deficit on the economy.
(d) None of the above
Consider the following statements about‘Labour
Force Participation Rates (LFPR)’:
1. It is obtained by dividing the number of
persons in the labour force with total
population.
2. The LFPR for women is significantly lower
than that for males in both rural and urban
areas.
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
7
47. Which of the following is correct about ‘Giffen 50. Consider the following statements about
Goods’? 'UNESCO's World Heritage Site':
(a) The demand of Giffen goods decreases with 1. There are 38 World Heritage sites in India
an increase in their prices. either marked as cultural sites or natural sites.
(b) The demand of Giffen goods increases with 2. Jaipur has recently been added to the
an increase in their prices. UNESCO World Heritage Site list.
(c) The demand of Giffen goods does not change
Which of the statement(s) given above is/are correct?
with a change in their prices.
(a) 1 only
(d) The demand of Giffen goods increases with
a decrease in their prices. (b) 2 only
48. Which among the following are the possible (c) Both 1 and 2
implications of ‘Fiscal Deficit’? (d) Neither 1 nor 2
1. It retards the growth of economy in the future.
51. Consider the following statements:
2. High fiscal deficit generally leads to wasteful
1. The Currency Deposit Ratio is the proportion
and unnecessary expenditure by the
of the total deposits commercial banks keep
government.
as reserves.
3. It may have inflationary pressure in the
economy. 2. An increase in Currency Deposit Ratio
(CDR) decreases liquidity in the market.
4. It may lead to the emergence of debt trap.
Select the correct answer from the codes given below: Which of the given above statement(s) is/are correct?

(a) 1 only (a) 1 only

(b) 2 and 3 only (b) 2 only

(c) 1, 3 and 4 only (c) Both 1 and 2
(d) 1, 2, 3 and 4 (d) Neither 1 nor 2
49. Which of the following persons can be classified 52. Consider the following statements about the ‘Gross
as a ‘Worker’ as per Indian Census classification? Domestic Product (GDP)’:
1. Women working as a part time worker in a 1. Real GDP is the value of GDP at the current
family enterprise without any wages prevailing prices.
2. Women bringing woods from forest for
2. Nominal GDP is calculated in such a way that
cooking food for her household
the goods and services are evaluated at some
3. 16 year old adolescent working in family constant prices.
owned tea stall
3. The ratio of Real GDP to Nominal GDP is
4. 70 year old man watering the community park
known as GDP Deflator.
without any remuneration
Which of the given above statement(s) is/are correct?
Select the correct answer from the codes given below:
(a) 2 and 3 only (a) 1 and 2 only

(b) 1 and 3 only (b) 2 and 3 only

(c) 1, 3 and 4 only (c) 1, 2 and 3
(d) 1, 2, 3 and 4 (d) None of the above

8
53. Which of the following best describes about ‘Gross 56. Which of the following is correct about ‘Gross
Domestic Product’? Value Added (GVA)’ at basic prices?
(a) Sum total of value of goods and services 1. It is released by Central Statistical
created within the geographical boundary of Organisation (CSO).
a country in a particular year. 2. It replaced the Gross Domestic Product at
(b) Sum total of value of goods and services market prices.
created by the nationals of a country within 3. It includes the GVA at factor costs and net
the geographical boundary of a country in a product taxes.
particular year.
Select the correct answer from the codes given below:
(c) Sum total of value of goods and services
(a) 1 only
created by the nationals of a country within
or outside the country in a particular year (b) 3 only

(d) Sum total of value of goods only created (c) 1 and 2 only
within the geographical boundary of country (d) 1, 2 and 3
in a particular year.
57. Consider the following statements:
54. 'National Youth Corps' recently seen in news, is
1. Revenue deficit refers to the excess of
related to which of the following?
government’s revenue expenditure over
(a) Rajiv Gandhi Khel Abhiyan revenue receipts.
(b) National Sports Development Fund 2. Fiscal deficit is the difference between the
(c) Nehru Yuva Kendra Sangathan government’s total expenditure and its total
receipts excluding borrowing.
(d) Khelo India Campaign
3. Primary deficit is the fiscal deficit of current
55. Consider the following statements:
year excluding interest liabilities on previous
1. Final goods and services produced in an borrowings.
economy are either in the form of consumption
Which of the statement(s) given above is/are correct?
goods or capital goods.
(a) 1 only
2. Capital goods though not directly consumed
is transformed in the economic process and (b) 1 and 2 only
converts into goods that can be directly (c) 2 and 3 only
consumed.
(d) 1, 2 and 3
3. Consumption goods are categorised into
58. 'Gafa tax', a tax imposed on digital giants like
durables and non-durable goods.
Amazon, Google, Apple and Facebook, is
Which of the statement(s) given above is/are correct? introduced by which country?
(a) 1 only (a) Germany
(b) 1 and 3 only (b) France
(c) 2 and 3 only (c) USA
(d) 1, 2 and 3 (d) India

9
FREE BOOKS, NOTES & VIDEOS FOR CIVILSERVICES

EBOOKS & UPSC PRELIMS USPC MAINS VIDEO FOR DAILY

MAGZINES MATERIALS MATERIALS CIVILSERVICES NEWSAPERS

SECUREIAS UPSC PRELIMS UPSC MAINS DELHI CIVILSERVICES

TESTSERIES TESTSERIES STUDENTS BOOKS

OPTIONAL SUBJECTS BOOKS, STATE PCS, SSC, BANKING

TEST SERIES, VIDEOS & NOTES BOOKS, TESTS VIDEOS & NOTES
1.GEOGRAPHY 1.UPPSC 2.SSC 3.MPSC
2.HISTORY 4.IBPS 5.RAS & RPSC
3.MATHEMATICS ENGINEERING BOOKS & MATERIAL
4. SOCIOLOGY 1. IES 2. GATE 3. IFoS
5.PUBLIC ADMINISTRATION 4. COMPUTER SCIENCE
6. POLITICAL SCIENCE 5. MECHINICAL ENGINEERING
7. ECONOMICS OTHER TELEGRAM CHANNELS
8 PHYSICS 1 GOVERNMENT JOBS
9 COMMERCE ACCOUNTANCY 2 LEARN YOGA & MEDITATION
10 ANTHROPOLOGY 3 LEARN ENGLISH
11 LAW 4 BEST DELAS & OFFERS
12 PHILOSOPHY 5 IAS HINDI BOOKS
13 CHARTERED ACCOUNTANTANCY 6 PDFs FOR ALL EXAMS
14 MEDICAL SCIENCE 7. WORLD DIGITAL LIBIRARY
1.CHENNAI STUDENTS 2.BANGLORE STUDENTS 3. CURRENT AFFAIRS
CONTACT FOR ADVERTISEMENT IN ABOVE CHANNLES
ADMIN1: ADMIN2:
59. Consider the following statements with reference 62. Which among the following employment are part
to Price Elasticity of Demand of a good: of ‘Unorganised Sector’ in India?
1. It is the ratio of percentage change in the 1. Sweeper working in PWD department on
demand of a good to the percentage change contract basis
in its price. 2. Household industry with 8 employees
2. For an inelastic good, the Price Elasticity of 3. Rickshaw puller
Demand is less than 1.
4. Domestic servant
Which of the statement(s) given above is/are correct?
Select the correct answer from the codes given
(a) 1 only below:
(b) 2 only (a) 1, 2 and 4 only
(c) Both 1 and 2 (b) 1 and 3 only
(d) Neither 1 nor 2 (c) 2, 3 and 4 only
60. Which of the following is/are part of ‘Non- Tax (d) 1, 2, 3 and 4
Revenue Receipts’?
63. Which of the following correctly describes about
1. Dividends paid by PSUs and RBI to 'Ryugu', recently seen in news?
government
(a) A primitive carbonaceous near-Earth
2. License fee received by the government asteroid.
3. Disinvestment of shares of PSUs (b) A super earth planet which is discovered by
Select the correct answer from the codes given below: NASA.

(a) 2 only (c) India's second space mission to moon.

(b) 1 and 3 only (d) A powerful X-Ray space telescope.

(c) 1 and 2 only 64. Which of the following measures can lead to the
reduction of fiscal deficit?
(d) 1, 2 and 3
1. Decreasing the tax revenue
61. Which of the following can be the sources of
‘Human Capital Formation’? 2. Reducing the welfare expenditure of
government
1. Investment in education
3. Sale of share of PSUs
2. Migration
4. Government withdrawal from areas which can
3. Investment in health
be handled by private sector
4. Job training
Select the correct answer from the codes given
Select the correct answer from the codes given below: below:
(a) 1, 2 and 3 only (a) 1 only
(b) 3 and 4 only (b) 2 and 3 only
(c) 1, 2 and 4 only (c) 2, 3 and 4 only
(d) 1, 2, 3 and 4 (d) 1, 2, 3 and 4

10
65. Consider the following statements: 68. Which of the following statements are correct
1. Leakage in the circular flow of income about 'Chandrayaan 2'?
happens when country’s income is spent to 1. Its primary objective is to demonstrate the
purchase foreign goods. ability to soft-land on the lunar surface.
2. Injection in the circular flow of income 2. The landing site is in the Moon's South Polar
happens when the demand of domestic goods Region.
is increased by foreigners. 3. It was launched from Abdul Kalam's land.
3. Leakage increases the aggregate demand and Select the correct answer using the code given below:
injection decreases the aggregate demand for (a) 1 and 2 only
goods produced within domestic economy. (b) 1 and 3 only
Which of the statement(s) given above is/are correct? (c) 2 and 3 only
(a) 1 only (d) 1, 2 and 3
(b) 1 and 2 only 69. Which of the following is not considered an asset
(c) 3 only of ‘Reserve Bank of India’?
(d) 1, 2 and 3 (a) Forex reserves
66. Which among the following are the components (b) Government Securities
of ‘Current Account’ in Balance of Payment (c) Gold
(BoP)? (d) Loans by Foreign Countries
1. Remittances and grants 70. When expenditure is more than the income, the
2. Non-factor Income government can borrow from which of the
3. Exports and imports of goods following entities?
4. External Commercial Borrowings 1. Banks
5. Foreign Direct Investment 2. People within the country
Select the correct answer from the codes given below: 3. International financial institutions
(a) 1, 2 and 3 only 4. Reserve Bank of India
(b) 1 and 3 only Select the correct answer from the codes given below:
(a) 1, 2, 3 and 4
(c) 2, 3, 4 and 5 only
(b) 1 and 2 only
(d) 1, 2, 3, 4 and 5
(c) 3 and 4 only
67. Which of the following documents are tabled in
the Parliament along with ‘Annual Financial (d) 1, 2 and 4 only
Statement (AFS)’? 71. Consider the following statements:
1. Medium-term Fiscal Policy Statement 1. Disinvestment is selling off part of the equity
of public sector enterprises.
2. Fiscal Policy Strategy Statement
2. The aim of disinvestment is to improve the
3. Macroeconomic Framework Statement
financial discipline of PSU and to facilitate
4. Economic Survey of India modernisation.
Select the correct answer from the codes given below: Which of the statement(s) given above is/are correct?
(a) 1 only (a) 1 only
(b) 1 and 2 only (b) 2 only
(c) 1, 2 and 3 only (c) Both 1 and 2
(d) 1, 2, 3 and 4 (d) Neither 1 nor 2

11
72. In which of the given below state, India-based 75. Which of the following statement(s) is/are correct
Neutrino Observatory is proposed to be set up? about NABARD?
1. It is fully owned by Government of India.
(a) Tamil Nadu
2. It aims at building an empowered and
(b) Kerala financially inclusive rural India.
(c) Uttarakhand 3. SHG-Bank Linkage Project, world’s largest
micro finance project was launched by
(d) Sikkim
NABARD.
73. Which among the following were the effects of Select the correct answer using the codes given below:
LPG reforms that took place in 1991? (a) 1 only
1. The growth in agriculture and service sectors (b) 1 and 2 only
has been high whereas industrial sector had (c) 2 and 3 only
declined. (d) 1, 2 and 3
76. Consider the following statements:
2. Industrial growth has been slowed down due
1. A rise in interest rates at home country will
to availability of cheaper imports and lower
lead to an appreciation of the domestic
investment.
currency.
Select the correct answer using the codes given 2. A country whose aggregate demand grows
below: faster than rest of the world, generally finds
its currency appreciating.
(a) 1 only
Which of the statement(s) given above is/are correct?
(b) 2 only (a) 1 only
(c) Both 1 and 2 (b) 2 only

(d) Neither 1 nor 2 (c) Both 1 and 2

(d) Neither 1 nor 2
74. Consider the following statements:
77. Which of the following statement(s) is/are correct
1. GATT was established to administer all about the 'Ashok Chakra'?
multilateral trade agreements by providing 1. It is the highest peace time military decoration
equal opportunities to all countries in the awarded for valor, courageous action on self-
international market for trading purposes. sacrifice.
2. The decoration may be awarded to military
2. WTO agreements cover trade in goods and
personnel as well as civilian personnel.
services to facilitate international trade through
3. The persons eligible are Officers and men and
removal of tariff and non-tariff barriers.
women of all ranks of the Army, Navy and
Which of the statement(s) given above is/are Air Force, members of Police Forces including
correct? Central Para-Military Forces.
Select the correct answer from the codes given below:
(a) 1 only
(a) 1 only
(b) 2 only (b) 1 and 2 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3

12
78. Which of the following is likely to occur when there 81. Which of the following correctly describes about
is a rise in the price of foreign exchange for India? 'Operation Sudarshan' recently seen in news?
1. It will reduce the demand for imports. (a) An initiative by the Rajasthan government to
maintain the archaeological monuments.
2. It will increase the exports from India.
(b) An all-India drive to crackdown the selling
3. It will decrease the purchasing cost of a of unauthorised packaged drinking water
foreign good. started by Indian Railways.
4. It will increase the foreigner’s cost while (c) A mega exercise launched by Border Security
purchasing goods from India. Force to fortify anti-filtration grid along the
Pakistan border.
Select the correct answer using the codes given below:
(d) Series of military exercises undertaken
(a) 1 and 2 only between India and Nepal.
(b) 3 and 4 only 82. Which of the following indicates a mechanism used
(c) 1, 3 and 4 only by commercial banks for providing credit to the
government?
(d) 1, 2, 3 and 4
(a) Cash Credit Ratio
79. Which of the following is included in Broad Money (b) Debt Service Obligation
(M3)?
(c) Liquidity Adjustment Facility
1. Currency with the public (d) Statutory Liquidity Ratio (SLR)
2. Demand deposits with banks 83. Which of the following statement(s) about Current
Account Deficit (CAD) is/are correct?
3. Time deposits with banks
1. It is the difference between national savings
Select the correct answer using the codes given below:
and investment.
(a) 1 and 2 only 2. External Commercial borrowing can reduce
(b) 1 and 3 only CAD.
Select the correct answer using the codes given below.
(c) 2 and 3 only
(a) 1 only
(d) 1, 2 and 3
(b) 2 only
80. Which of the following statement is incorrect about (c) Both 1 and 2
‘Fiscal Responsibility and Budget Management Act
(d) Neither 1 nor 2
(FRBM) Act 2003’?
84. Which of the following options are available to RBI
(a) Government cannot borrow from RBI except to control the overall quantum of loans given to
by ways and means advances. the commercial banks?
(b) Government will reduce Revenue Deficit upto 1. Bank Rate
3% of GDP. 2. Repo Rate
(c) Fiscal deficit and revenue deficit may exceed 3. Fixed Deposit Rate
targets only on the grounds such as national Select the correct answer from the codes given below:
security, calamity. (a) 1 only
(d) Government will lay macroeconomic (b) 2 only
framework statement before the Parliament (c) 1 and 2 only
in each financial year. (d) 1, 2 and 3

13
85. Changes in technology and changes in preferences 89. Which of the following ways can help in achieving
are the major reasons for the occurrence of which the ‘Inclusive growth’ in an economy?
of the following kind of unemployment? 1. Higher employment growth rate.
(a) Cyclical Unemployment
2. Reducing gender discrimination.
(b) Structural Unemployment
(c) Frictional Unemployment 3. Higher level of income inequality.
(d) Seasonal Unemployment 4. Increasing rural - urban gap.
86. Which of the following reforms constituted in Select the correct answer using the codes given below:
‘Economic Reforms Programme’ introduced in 1991?
(a) 1 only
1. Industrial Sector Reform
2. Public Sector Reform (b) 1 and 2 only
3. Banking Sector Reform (c) 2 and 3 only
4. External Sector Reform (d) 3 and 4 only
Select the correct answer from the codes given below:
90. Since the Economic Reforms of 1991, the services
(a) 1 and 2 only sector has been leading the economic growth in
(b) 2 and 3 only India. Which of the following activities constitute
(c) 1, 2 and 3 only the ‘Services Sector’ in India?
(d) 1, 2, 3 and 4
1. Trade
87. 'M-sand' and 'bajri', recently in news, are related to:
(a) Different vaccines planning to be used for 2. Financing
eradicating Tuberculosis 3. Construction
(b) Types of folk music which have been 4. Real estate
recognition in the state of Assam
5. Agricultural Labor
(c) Types of food which are declared as
Geographical Indicators Select the correct answer using the codes given below:
(d) Types of sand on which Rajasthan government (a) 1, 2, 4, and 5 only
is formulating a policy (b) 1, 2, 3, and 4 only
88. Consider the following statements about ‘Five Year
(c) 1, 2, and 4 only
Plans’ of India:
1. The fifth five year plan (1974-79) introduced (d) 1, 2, 3, 4, and 5 only
the directed poverty alleviation programs. 91. Which of the following statements about Special
2. The sixth five year plan (1980-1985) marked Drawing Rights (SDRs) is/are correct?
a shift in pattern of industrialization from heavy
1. SDRs can be exchanged for national
industries to infrastructure.
currencies.
3. The seventh five year plan (1985-1990) saw
the emergence of outward looking strategy 2. SDR is a claim on the IMF.
with exports receiving high priority. 3. SDR’s value is based on weighted average
4. There was a two year plan holiday between of IMF members’ currencies.
the years 1990-1992. Select the correct answer using the codes given below:
Which of the statement(s) given above is/are correct?
(a) 1 and 2 only
(a) 1 and 2 only
(b) 3 only (b) 3 only
(c) 1, 2 and 4 only (c) 2 and 3 only
(d) 1, 2, 3 and 4 (d) 1 only

14
92. In the context of Health System in India, which of 95. Which of the following are part of ‘Producer
the following is/are included within the ‘Primary Subsidy’?
Healthcare’?
1. Fertiliser
1. Education of and controlling basic health
problems 2. Water
2. Polio Immunization program 3. Railways
3. Promotion of mental health
4. Sugar
4. Supply of water
5. Promotion of maternal health Select the correct answer from the code given
6. Provision of essential drugs below:
Select the correct answer using the codes given below: (a) 1 and 2 only
(a) 1, 2, 5 and 6 only (b) 2 and 3 only
(b) 1, 3, 5 and 6 only
(c) 1 and 4 only
(c) 1, 2, 3, 5 and 6 only
(d) 1, 2, 3, 4, 5 and 6 (d) 2 and 4 only
93. With reference to 'One Nation, One Ration Card 96. Which of the following goods belongs to the
Scheme', consider the following statements: category of ‘Capital Goods’?
1. It will allow inter-portability and intra-
1. Computer used by a business firm
portability of food security benefits.
2. The scheme aids migrants to access PDS 2. Engine of a car
across the nation from any PDS shop of their 3. Steel sheets to be used in making automobiles
own choice
4. Truck used to carry iron ore
3. Linkages to Aadhar card is mandatory for this
scheme. Select the correct answer using the codes given
Select the correct answer from the codes given below: below:
(a) 1 and 2 only (a) 1, 2 and 3 only
(b) 1, 2 and 3
(b) 3 only
(c) 2 and 3 only
(d) 1 only (c) 1 and 4 only
94. Which of the following were the features of (d) 1 , 2 , 3 and 4
Planning in the Nehruvian era? 97. Arrange the following sectors of economy in the
1. Active role of State in the economic increasing order of their contribution in the GDP:
development of the country.
2. This period witnessed an export-oriented 1. Agriculture
economy where the major thrust was given 2. Industry
on export promotion for promoting economic
3. Services
growth.
3. There was emphasis on the development of Select the correct answer using the codes given
heavy industries in this period. below:
Select the correct answer using code given below: (a) 1 – 2 – 3
(a) 1 and 2 only
(b) 1 – 3 – 2
(b) 1, 2 and 3
(c) 2 and 3 only (c) 2 – 3 – 1
(d) 1 only (d) 3 – 2 – 1

15
98. Consider the following statements about ‘Minimum 99.
Support Price (MSP)’ offered to farmers by the
government:
1. It is offered for food crops only.
2. Its main purpose is to control inflation by
regulating the prices of agricultural products.
3. The MSP is announced by the Government
of India at the end of the sowing season for
certain crops on the basis of the
recommendations of the Commission for
Agricultural Costs and Prices (CACP).
Consider the following statements about
'International Seabed Authority (ISA)':
1. It is an autonomous non-governmental
organization.
2. It was established to organise, regulate and
control all mineral-related activities beyond
the limits of national jurisdiction.
Which of the statement(s) given above is/are
correct?
(a) 1 only
(b) 2 only

Which of the statements given above is/are (c) Both 1 and 2

INCORRECT? (d) Neither 1 nor 2

(a) 1 only 100. The ratio of total additional planned savings in an

economy to the total additional income of the
(b) 1 and 3 only
economy is known as:
(c) 2 and 3 only (a) Marginal propensity to consume (MPC)
(d) 1, 2 and 3 (b) Savings rate
(c) Marginal propensity to save (MPS)
(d) Consumption rate

16
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