Indian Economy PYQs

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1. Prelims 2013Q66Inflation

   Consider the following statements :

   1.Inflation benefits the debtors.

   2.Inflation benefits the bond-holders.

   Which of the statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
2. Prelims 2013Q67Poverty, Unemployment & Social Sector

   Disguised unemployment generally means

   alarge number of people remain unemployedbalternative employment is not availablecmarginal productivity of labour is zerodproductivity of workers is low
3. Prelims 2013Q69Planning & NITI Aayog

   Consider the following statements:

   1.National Development Council is an organ of the Planning Commission.

   2.The Economic and Social Planning is kept in the Concurrent List in the Constitution of India.

   3.The Constitution of India prescribes that Panchayats should be assigned the task of preparation of plans for economic development and social justice.

   Which of the statements given above is/are correct?

   a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
4. Prelims 2013Q74Money & Banking

   Consider the following liquid assets:

   1.Demand deposits with the banks

   2.Time deposits with the banks

   3.Savings deposits with the banks

   4.Currency The correct sequence of these assets in the decreasing order of liquidity is

   a1–4–3–2b4–3–2–1c2–3–1–4d4–1–3–2
5. Prelims 2013Q75Money & Banking

   In the context of Indian economy, ‘Open Market Operations’ refers to

   aborrowing by scheduled banks from the RBIblending by commercial banks to industry and tradecpurchase and sale of government securities by the RBIdNone of the above
6. Prelims 2013Q76Money & Banking

   Priority Sector Lending by banks in India constitutes the lending to

   aagriculturebmicro and small enterprisescweaker sectionsdAll of the above
7. Prelims 2013Q78Poverty, Unemployment & Social Sector

   To obtain full benefits of demographic dividend, what should India do?

   aPromoting skill developmentbIntroducing more social-security schemescReducing infant mortality ratedPrivatization of higher education
8. Prelims 2013Q82Inflation

   A rise in general level of prices may be caused by

   1.An increase in the money supply

   2.A decrease in the aggregate level of output

   3.An increase in the effective demand

   Select the correct answer using the codes given below.

   a1 onlyb1 and 2 onlyc2 and 3 onlyd1, 2 and 3
9. Prelims 2013Q83External Sector: BoP, FDI & Exchange Rate

   Which one of the following groups of items is included in India’s foreign-exchange reserves?

   aForeign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countriesbForeign-currency assets, gold holdings of the RBI and SDRscForeign-currency assets, loans from the World Bank and SDRsdForeign-currency assets, gold holdings of the RBI and loans from the World Bank
10. Prelims 2013Q84Inflation

    Which one of the following is likely to be the most inflationary in its effect?

    aRepayment of public debtbBorrowing from the public to finance a budget deficitcBorrowing from banks to finance a budget deficitdCreating new money to finance a budget deficit
11. Prelims 2013Q85Money & Banking

    Supply of money remaining the same when there is an increase in demand for money, there will be

    aa fall in the level of pricesban increase in the rate of interestca decrease in the rate of interestdan increase in the level of income and employment
12. Prelims 2013Q92National Income & Growth

    Economic growth in country X will necessarily have to occur if

    athere is technical progress in the world economybthere is population growth in Xcthere is capital formation in Xdthe volume of trade grows in the world economy
13. Prelims 2013Q98Planning & NITI Aayog

    Who among the following constitute the National Development Council?

    1.The Prime Minister

    2.The Chairman, Finance Commission

    3.Ministers of the Union Cabinet

    4.Chief Ministers of the States

    Select the correct answer using the codes given below:

    a1, 2 and 3 onlyb1, 3 and 4 onlyc2 and 4 onlyd1, 2, 3 and 4
14. Prelims 2013Q99National Income & Growth

    The national income of a country for a given period is equal to the

    atotal value of goods and services produced by the nationalsbsum of total consumption and investment expenditurecsum of personal income of all individualsdmoney value of final goods and services produced
15. Prelims 2013Q100Agriculture & Food Security

    Which of the following grants/grant direct credit assistance to rural households?

    1.Regional Rural Banks

    2.National Bank for Agriculture and Rural Development

    3.Land Development Banks

    Select the correct answer using the codes given below:

    a1 and 2 onlyb2 onlyc1 and 3 onlyd1, 2 and 3
16. Prelims 2012Q26Poverty, Unemployment & Social Sector

    With reference to National Rural Health Mission, which of the following are the jobs of 'ASHA', a trained community health worker?

    1.Accompanying women to the health facility for antenatal care checkup

    2.Using pregnancy test kits for early detection of pregnancy

    3.Providing information on nutrition and immunization

    4.Conducting the delivery of baby

    Select the correct answer using the codes given below :

    a1, 2 and 3 onlyb2 and 4 onlyc1 and 3 onlyd1, 2, 3 and 4
17. Prelims 2012Q31Poverty, Unemployment & Social Sector

    How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor?

    1.By setting up a large number of new manufacturing industries and agribusiness centres in rural areas

    2.By strengthening 'self-help groups' and providing skill development

    3.By supplying seeds, fertilizers, diesel pump-sets and micro-irrigation equipment free of cost to farmers

    Select the correct answer using the codes given below :

    a1 and 2 onlyb2 onlyc1 and 3 onlyd1, 2 and 3
18. Prelims 2012Q32Poverty, Unemployment & Social Sector

    The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following?

    1.Deprivation of education, health, assets and services at household level

    2.Purchasing power parity at national level

    3.Extent of budget deficit and GDP growth rate at national level

    Select the correct answer using the codes given below :

    a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
19. Prelims 2012Q33Fiscal Policy & Budget

    Which of the following is/are among the noticeable features of the recommendations of the Thirteenth Finance Commission?

    1.A design for the Goods and Services Tax, and a compensation package linked to adherence to the proposed design

    2.A design for the creation of lakhs of jobs in the next ten years in consonance with India's demographic dividend

    3.Devolution of a specified share of central taxes to local bodies as grants

    Select the correct answer using the codes given below :

    a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
20. Prelims 2012Q34Industry & Infrastructure

    What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector?

    1.Setting up of National Investment and Manufacturing Zones

    2.Providing the benefit of 'single window clearance'

    3.Establishing the Technology Acquisition and Development Fund

    Select the correct answer using the codes given below :

    a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3