Economy Questions

#1

With reference to India’s Five -Year Plans, which of the following statements is/are correct? 1. From the Second Five -Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five -Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five -Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.

#2

The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus:

#3

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

#4

With reference to land reforms in independent India, which one of the following statements is correct?

#5

Among the following, which one is the largest exporter of rice in the world in the last five years?

#6

Consider the following statements: 1. Coal sector was nationalised by the Government of India under Indira Gandhi. 2. Now, coal blocks are allocated on lottery basis. 3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal products. Which of the statements given above is/are correct?

#7

The Service Area Approach was implemented under the purview of

#8

The Chairman of public sector banks are selected by the:

#9

Which of the following is not included in the assets of a commercial bank in India?

#10

Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

#11

Which one of the following is not the most likely measure the Government/ RBI takes to stop the slide of the Indian rupee?

#12

The money multiplier in an economy increases with which one of the following?

#13

In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis? The foreign currency earnings of India’s IT sector Increasing the government expenditure Remittances from Indians abroad Select the correct answer using the code given below.

#14

Consider the following statements: 1. Most of India’s external debt is owed by governmental entities. 2. All of India’s external debt is denominated in US dollars. Which of the statements given above is/are correct?

#15

Consider the following statements: 1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different 2. In terms of PPP dollars, India is the sixth largest economy in the world. Which of the statements given above is/are correct?

#16

In a given year in India, official poverty lines are higher in some States than in others because: