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Economics

Indian Economy, Banking, Budget, Inflation & International Trade — 8 sub-topics

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Top 8 sub-topics by question count in Economics

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1
Basics of Indian Economy
24 Qs
Q.44
The Global Gender Gap Report primarily measures disparities between genders in which key areas?
  • A.Politics, Economy, Health, Education
  • B.Income, Wealth, Land, Technology
Q.47
Read the following Assertion (A) and Reason (R) carefully and choose the correct option. Assertion (A): The Mahalanobis strategy prioritized heavy industries and capital goods. Reason (R): It was believed that investing in such industries would create long-term capacity for growth. Preafafaa afta (4) sik pret (R) ct eargean us ail eet feraco al often (a): Feterifers wriifa 4 art sett sit Usitra aeqail at orate ét1 fara (R): 38 AT otal 7 fe Ca seit A Paar pet S fara Ht Steferieres eran Ger ett Both A and R are true and R is the correct explanation of A. Both A and R are true but R is not the correct explanation of A.
  • A.Ais true but R is false.
  • B.AW 8 cies R HAT!
  • C.Ais false but R is true.
  • D.Alicia @ ctebd R Fea el
Q.49
Read the following Assertion (A) and Reason (R) carefully and choose the correct option. Assertion (A): The IPR 1956 created an industrial classification into Schedules A, B, and C. Reason (R): This was to identify sectors for exclusive state control, joint sectors, and private sector operation. Prafetea afters (a) afte arent (R) at eran US ik ae faeo FAL RUT (R): FAH FEM SPT eT Paaw, ayaa Aa she Molt aa & craves & fery dat A agar He ar! Both A and R are true and R is the correct explanation of A. A oie R atat Berg oie R, A car at erBteRROT ee Both A and R are true but R is not the correct explanation of A. AGAR Rahat tex afar R, A oor Bel ete aT
  • A.Ais true but Ris false.
  • B.Aer s afars R oT
  • C.Ais false but R is true.
  • D.ATieta 8 fart R FeT V1
Q.42
Consider the following statements and choose the correct option: Statement 1: The Production Possibility Frontier (PPF) shows the trade-offs and opportunity costs faced by an economy. Statement 2: The PPF is used to estimate the government's total revenue and expenditure.
  • A.wert 1: Seed SaaS (PPF) feet oreferaen grr ara fey GA aet ATTR-ATS sik ora aT at aati 1
Q.44
Which Five-Year Plan focused on heavy industries? al at daadia ator Het sett ox cbse eft?
  • A.Ugel
  • B.MS second
Q.44
The Mahalanobis Model was used in which plan?
  • A.Uge
  • B.at
  • C.Fourth
Q.45
Read the following statements carefully and choose the correct option regarding Assertion (A) and Reason (R). Assertion (A): Globalization led to increased inequality in India. Reason (R): Growth was unevenly distributed, benefiting mostly urban elite and service sectors. Prafafaa auat at earuder ofey site afttenes (A) oie arr (R) & deer A at facneu gr) eAIRUr (R): fants sraa SU S faaka gar, raenr oy AeA: WE aftsra aT six Sar stat pt gar Both A and R are true and R is the correct explanation of A.
  • A.Both A and R are true but R is not the correct explanation of A.
  • B.A SHR R lat ea S ctfehs R, A aI Gel Cat AT BI
  • C.Ais true but R is false.
  • D.AGS Aiea R oa
Q.47
Which reform enabled MNCs to enter India? fea gu 4 agesia acuta at aid A waar aed A aera STAT?
  • A.Land Reform
  • B.Labour Law
  • C.oF A
  • D.Swadeshi
Q.44
Which plan introduced Minimum Needs Programme?
  • A.Fourth
  • B.Bor
Q.46
Read the below statements marked as Assertion (A) and Reason (R). Mark the correct option: Assertion (A): increase in autonomous investment leads to a multiplied rise in national income. Reason (R): This happens because of the marginal propensity to save being less than one. fre faq 1g aerit at aftteners (A) afte aareor (R) a fafga wei at fanen GA: afta (A): cara Paar a of a aeta ana 4 aes or of att 81 wart (R): Car gafery stat 8 sales Tae A Stata vats cH a He att 81 Both A and R are true, and R is the correct explanation of A. Both A and R are true, but R is not the correct explanation of A. Ais true, but R is false.
  • A.AWG, cea R aA BI
  • B.Ais false, but R is true.
  • C.A Sra 6, feet R AI BI
  • D.[Not Answered
Q.49
Why did the Indian government resort to licensing even for expanding existing private sector industries under IPR 1956? To promote export competition Prafa ofeeaut cat aera a4 & fer To keep production under government control Scores at Gea Paar A wat & fry
  • A.To prevent technological innovation
  • B.aerdicht Aare ant tens & fey
  • C.To encourage luxury production
  • D.facnftar serres at oieaniea aes & fey
Q.50
The term 'Navratnas' in public sector reform refers to:

Options not extracted (OCR issue).

Q.48
How did licensing policy under the planning era affect the emergence of large industrial conglomerates?
  • A.Moriecoan tome 1 OPPr.com 78
Q.47
How does Indian planning demonstrate responsiveness to feedback? urdta atort thisden & fe daeratioren aa weft act 8? By finalizing plans before public opinion is known SETA hl Ta GI @ Teel ators at ifs ST eae By discarding public suggestions entirely
  • A.arduitas Geral at Ot ae @ Gar ed
  • B.By modifying drafts based on criticism and recommendations
  • C.By consulting only foreign agencies for planning
  • D.INot Answered
Q.48
Jayaprakash Narayan's concept of Total Revolution included which of the following components? 1. Social reforms to eradicate corruption 2. Political reforms to decentralize power 3. Armed struggle against the government 4, Economic reforms focusing on privatization Which of these are correct?

Options not extracted (OCR issue).

Q.50
What is the role of WTO with respect to globalization? ‘daftenenn & Saar A foley aaron eros At yfPrepr aa 8?
  • A.Provide military support
  • B.Bea AeA Wer ae
  • C.Monitor human rights violations
  • D.Arraftenr secret Bt Fart at
Q.47
What was a key feature of the Industrial Policy Resolution of 1956?
  • A.Full privatization
  • B.Upf Profterent
  • C.Abolition of licensing
  • D.msehet ar Sa
Q.43
Why are grants for asset creation still considered Revenue Expenditure? uftaafe Prater & ferg orqara apt ost off ore aoe aut FIAT Gira 8?
  • A.They are spent through government loans
  • B.They are used only by private sector units
  • C.They do not create direct central assets
  • D.ayaa dgta oRedafeat at ara
Q.50
What was the major short-term objective of the stabilization measures in the 1991 reforms?
  • A.Increase agricultural production
  • B.Enhance social sector spending
  • C.anita aa Fara sare
  • D.Control inflation and restore balance of payments
Q.47
What was the main focus of the First Five-Year Plan?
  • A.Heavy industries
  • B.Agriculture
  • C.Urbanization
  • D.Information Technology
Q.48
According to Mahalanobis strategy, growth should primarily be driven by investment in:
  • A.Agricultural inputs
Q.50
The economic policy reforms of 1991 are popularly known as:
  • A.Five-Year Plan
  • B.New Fiscal Policy
  • C.New Economic Policy
  • D.Economic Reconstruction Plan
Q.48
What does "P" in LPG reforms stand for? Verto qeret A "cht" apr aa aref 8?
  • A.Planning
  • B.Privatisation
  • C.Proftecor
  • D.Production
Q.48
What was the main focus of India’s Sixth Five-Year Plan (1980-1985)? ‘Ue A Oat Crawly ator (1980-1985) ar AT eR sa UT?
  • A.Heavy industrialization and capital goods
  • B.Food self-sufficiency through agriculture
  • C.oft & are @ Gra oreaRat
  • D.Poverty alleviation and modernization of technology
2
Population, Poverty & Unemployment
16 Qs
Q.37
Which of the following objectives are part of the National Population Policy (NPP) 2000?
  • A.1. Providing free and compulsory education up to 14 years of age
  • B.2. Increasing fertility rate to ensure demographic dividend
  • C.3. Reducing infant mortality rate below 30 per 1000 live births
  • D.4. Promoting delayed marriage for girls
Q.37
What is meant by population density?
  • A.Population per household
  • B.People per square kilometre
Q.38
Assertion (A) and Reason (R) are given below. Choose the correct option: Assertion (A): Population explosion occurs when death rates decline rapidly but birth rates remain high. Reason (R): Societal reproductive behavior changes instantly with improvements in healthcare.
  • 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 the correct explanation
  • C.A is true, but R is false
  • D.A is false, but R is true
Q.37
Which Indian state recorded negative population growth between 2001-2011?
  • A.Kerala
  • B.Goa
  • C.Nagaland
Q.38
Which of the following best describes the rate of natural increase of population?
  • A.It is the crude birth rate multiplied by crude death rate
  • B.It is the ratio of working population to total population
  • C.It is the difference between the birth rate and the death rate
  • D.It is the average annual growth due to migration alone
Q.36
Assertion (A) and Reason (R) are given below. Choose the correct option: Assertion (A): Population growth can be measured in absolute numbers and percentage change per year. Reason (R): Measuring growth only in absolute numbers provides detailed insights into population trends over time.
  • 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 the correct explanation of A
  • C.A is true, but R is false
  • D.A is false, but R is true
Q.36
Assertion (A) and Reason (R) are given below. Choose the correct option: Assertion (A): Demographic statistics like birth and death rates rely on accurate reporting by households. Reason (R): Birth and death registration is mandatory and always accurately followed in all parts of India. Ara afte (a) afte arent (rR) feu AT SI ach faaea a: eo (R): ARa & ast ann A ara sie eq Colter aftard 8 she sae BAM aes ST S ores fsa Gat 8! Both A and R are true, and R is the correct explanation of A Both A and R are true, but R is not the correct explanation Ais true, but R is false
  • A.Aa 8, cet R ota e
  • B.Ais false, but R is true
  • C.A Hae 6, cet R Fea
  • D.[Not Answered
Q.38
Which of the following statement accurately reflects the relationship between demographic transition and replacement level? In the third stage, fertility begins to approach replacement level Population stabilization occurs when fertility rate drops below replacement level The transition from high growth to low growth aligns with reaching replacement level
  • A.ver of ao Pr fg Fl sik Sepa oa ER ach USA TY SA Slay S
  • B.Replacement level is unrelated to demographic transition
  • C.Dita a oraiferda uRada a dafta at 2
  • D.[Not Answered
Q.36
Assertion (A) and Reason (R) are given below. Choose the correct option: Assertion (A): The Population Enumeration phase of Census 2011 in most parts of India was conducted in February 2011. Reason (R): House Listing and Housing Census was postponed to ensure simultaneous data collection. after (A): area cb arftepiar ait A GreeoraT 2011 ar GREAT ATU ROT taxa 2011 F arratfota feser ra aT eo (R): Va UY stenst ar ae Pia Het & fry Aa aewer sh strara GTO at Saft ae Fear rar er Both A and R are true, and R is the correct explanation of A ASR R at Gea 6, SAR R, A HT Set SBT SF Both A and R are true, but Ris not the correct explanation of A ASR R at Gea, cifera R, A HT Set Ita AMT S
  • A.Ais true, but Ris false
  • B.AW 8, cea R Haas
  • C.Ais false, but R is true
  • D.A Hae 6, cet R eae
Q.37
Uttar Pradesh accounted for approximately what percent of India’s total population in 2011?

Options not extracted (OCR issue).

Q.37
What was India’s urban population percentage in Census 2011? ‘SNOT 2011 HF oareet BY are ARTA abr afer eT UT?

Options not extracted (OCR issue).

Q.37
Which of the following is unrelated to the components of population change? Praffea 4 a ar a oer oRada & acent & oreaiftra 8?
  • A.Deaths
  • B.Migration
  • C.HE Employment
Q.41
Which of the following statements is correct regarding population stabilization? Stabilization occurs when birth rate exceeds death rate feta aa sla s Ta HH aR AY a a ae at os Stabilization is reached when fertility rate drops to zero
  • A.fre aa Sle 8 Ha HOP ex eT at Tes
  • B.Stabilization occurs when birth and death rates are nearly equal
  • C.Stabilization refers to doubling of population every decade
  • D.fener Hr aes S BR Seen A GREAT aT eNTAT SIT
Q.35
Which of these statements is/ are correct regarding the Census of India, 2011? 1, Muslims outnumber all other minorities in India, but they do not from a majority in any of the Indian states. 2. Christian population is distributed mostly in urban areas of India. 3. Jains have a major concentration in the urban areas of Rajasthan, Gujarat and Maharashtra, while the Buddhists are concentrated mostly in Maharashtra. ARE A STOTT, 2011 & Ste A gra A ats a/a Her ae 8/8? 1. ara a qa A een ory att oererat S waren 8, afar 2 feet ft onedta ase A ager at SI 23. GAT Al GUERR sara UTI, TERT sk ASR & etek sorrel A 8, safes Shey GaTeTeR HERE 4 chfsa I 1, and 3 only 3 only
  • A.2 and 3 only
  • B.dat 2 of 3
  • C.1 and 2 only
  • D.gat 1 of 2
Q.38
| With reference to the theory of demographic transition, consider the following statements: 1. For the initial two state of the demographic cycle, a high fertility rate and death rate would result in high population growth, 2. In the third stage, both fertility and mortality factors would decline significantly. 3. The demographic transition theory does not explicitly take into account the migration factor. 4. Social and cultural factors can greatly affect the population, which can impact what the theory predicts. Which of the statements given above is/are CORRECT? oraifercha darn & gia & dest 4, Peafafea net oz are ae: 1, Sraiferhta am ht ones a oraensit 3 fag, sea wore a of ey ex & Roe ser Cree SE tht 3, waite daa Agia we SoS wares ae at a A at eet a 4, arisen of aiepiac ahem GAM at aga Wana aR Gene 8, Gi Agia H sfaeranch at wenfad ae sad SI arr fey ng Huet Ha aa ar at 8/8?
  • A.1, 2, and 3 only
  • B.2, 3, and 4 only
  • C.1, 3, and 4 only
  • D.|| 2 and 4 only
Q.41
What is the proportion of ‘Juvenile Population’ (0-14 years) in India, as per 2011 Census? 2011 ht GrMTOMT & arpa Ra F 'fenatte cere (0-14 awh) apr srqUTa aT 8?
  • A.29.33 % of total population
  • B.30.76 % of total population
  • C.‘pat arreie Fr 30.76%
  • D.27.64 % of total population
3
Banking & Monetary System
7 Qs
Q.46
Economic liberalisation mainly affects which sector? anfties sertenen ARera: fers ata at wutfaa AAT 8?
  • A.Primary and Tertiary
  • B.Primary and Secondary
Q.49
Arrange the following judicial events chronologically: 1. Berubari Union case 2. Kesavananda Bharati case 3. S.R. Bommai case Prafatea sanfites wears at arate aa A arafera hfs:
  • A.1, deant Oar Are
  • B.2. harare aR AAT
  • C.3. WR. aes are
Q.33
How is the lane width for athletes in races up to 400 meters determined on a synthetic track? faite ce ue 400 Alex aa ct ats A yucttel & fery ta At cers HA Paka Hr ort 8?
  • A.Each lane is 2 meters wide, marked by 10 cm lines.
  • B.Velen oF 2 Hex atst @, fora 10 Set Hr tanait S fafea fear var 81
  • C.Each lane is 1.22 to 1.25 meters wide, marked by 5 cm lines.
  • D.Lanes vary in width depending on the number of athletes.
Q.34
Fill in the blank: The ceremonial procession of Lord Dharnath in Dhar district of Madhya Pradesh is locally referred to as a j Rear PUTT HE:
  • A.Fey veal & a feet A mas arate Ht stones eitrara at arte ST wel GAT BI
  • B.Jhanki
  • C.Chhabina
  • D.Rath
Q.44
Which of the following statements about factors affecting the Money Multiplier (MM) is/are correct?
  • A.1. Cash held by individuals acts as a leakage and reduces the money multiplier.
  • B.2. Higher reserves held by banks with the RBI increase the money multiplier.
  • C.3. A higher Cash Reserve Ratio (CRR) reduces the banking system's capacity to create money.
  • D.Only 1 and 3
Q.45
Which universities collaborate to produce the Environmental Performance Index (EPI)?
  • A.Harvard & Stanford
  • B.Yale & Columbia
  • C.Oxford & Cambridge
  • D.MIT & Caltech
Q.31
Fill in the blank: In Madhya Pradesh, the unmarried girls place lamps inside a decorated earthen pot called ______ during Gangaur.
  • A.Kalash
  • B.Ghudlia
  • C.Matki
  • D.Deepdan
4
International Trade & Organizations
6 Qs
Q.46
Which of the following correctly describes cooperative sector industries?
  • A.Owned and operated by central government agencies.
  • B.Operated solely for export purposes.
  • C.Owned by workers or suppliers sharing profits and losses
  • D.Maintained by foreign companies with Indian partnerships.
Q.31
Where was the Americas Regional Office of the New Development Bank (NDB) announced to be established during the BRICS Foreign Ministers’ Meeting in 2018? 2018 A faa faea aBal At don & ck = sacc dem (vaste) ar oar atta apratera cet Vita set cht atoon cAt arg eft?
  • A.Mexico City
  • B.ferent Fat
  • C.Buenos Aires
  • D.| i Paulo
Q.46
The BOP crisis of 1991 involved a shortage of?
  • A.Water
  • B.Electricity
  • C.Foreign exchange
  • D.Labour
Q.46
Consider the following statements and choose the correct option: Statement 1: Unlimited convertibility and fixed price conversion affect the credibility of a currency system. Statement 2: The international monetary system was established to regulate internal fiscal policies of countries. aur 1: orfifta oRadfiaa of Pfga yea oRada yar poreht A fasertiaar at wenfaa aed BI wus 2: states aise pore A ence dat ht stata copa Aifaat at fahrahta ae & fry At ag eft Only Statement 1 is correct dae Hea 1 as
  • A.Only Statement 2 is correct
  • B.dae Hea 2 wate
  • C.Both Statement 1 and Statement 2 are correct
  • D.Neither Statement 1 nor Statement 2 is correct
Q.45
The Logistics Performance Index (LP!) is published by which international organization?
  • A.IMF
  • B.UNCTAD
Q.48
What was the aim of the Sixth Plan (1980-85)?
  • A.Defense expansion
  • B.Faster industrialization
  • C.Poverty reduction and modernization
  • D.Ta Saye fk orerchren oT
5
Public Finance & Budget
3 Qs
Q.42
Which curve shows all combinations of two goods that give a consumer equal satisfaction? op OT deh at aegail & oa ae Satori at carer ¢ ot susie at war dale ea 8?
  • A.Indifference curve
  • B.Budget constraint
  • C.Isoquant curve
  • D.Marginal cost curve
Q.45
Which of the following is an example of a capital receipt? Income Tax collected Venta orerere Dividend from PSUs | taken from RBI
  • A.Re! & fern ran sa0T
  • B.Sale proceeds of public services
  • C.ardurten Garait ch farcht & orca air
  • D.[Not Answered
Q.46
Consider the following statements and choose the correct option: Statement 1: Income tax and dividends from PSUs are classified as revenue receipts in the government budget. Statement 2: Disinvestment in PSUs is also a revenue receipt as it brings income to the government. Prafafaa set ox fre aifiry afte at faenea gh: wet 1: arden aa & soeent S ora aaa she asian at Geant aure F ora wife & wa A acfipar fsa Gat 1 wre 2: arduitten da & suenat A fafiaer ft yer crore nite 6 aif gerd Ga at ore ora etc BI Only Statement 1 is correct Only Statement 2 is correct
  • A.dae wert 2 as
  • B.Both Statement 1 and Statement 2 are correct
  • C.ae 1 of era 2 dat adh f
  • D.Neither Statement 1 nor Statement 2 is correct
6
Agriculture, Industry & Service Sectors
2 Qs
Q.44
When was the first Industrial Policy announced in independent India?

Options not extracted (OCR issue).

Q.46
What was the main objective of the Industrial Policy of 1956? 1956 & afteitftren aif ar yer sexT AT IT?
  • A.Profit Maximization
  • B.Growth with equity
  • C.sfaadt & are ferara
  • D.Laissez-faire policy
7
Microeconomics
1 Qs · 1 with answers
Q.26
Which of the following refers to the extent to which demand for a particular commodity decreases because others are also consuming the same commodity?
  • A.Snob effect✓
  • B.Demonstration effect
  • C.Bandwagon effect
  • D.Veblen effect
Explanation: The snob effect refers to the decrease in demand for a commodity when others consume it, as consumers prefer exclusivity.
8
Money & Capital Market
1 Qs
Q.49
FDI is a part of which reform pillar? Uudtang fra que ei ar fee 8?
  • A.Liberalisation
  • B.Fertau
  • C.Privatisation
  • D.Globalisation