Economics
262 Defence Economics previous year questions on Economics — options free on every question; 26 include the answer & explanation free, the rest unlock with PYQ Pass.
Q1 FREE PREVIEW
PYQIn India, Planning Commission was set up in year _______.
✓ Correct answer: c) 1950
ExplanationThe Planning Commission of India was established in 1950 by a resolution of the Government of India under the leadership of Prime Minister Jawaharlal Nehru.Its primary purpose was to promote a rapid rise in the standard of living of the Indian people by efficiently exploiting the country's resources, increasing production, and offering opportunities to all for employment in the service of the community.Hence, the correct answer is option C.
Q2 FREE PREVIEW
PYQWhich of the following is NOT a Maharatna company?
✓ Correct answer: b) Hindustan Copper Limited
ExplanationHindustan Copper Limited is not a Maharatna Company.Hindustan Copper Limited (HCL): HCL is a Schedule 'A' Miniratna Category - I Central Public Sector Enterprise.It operates under the administrative control of the Ministry of Mines, Government of India.Incorporated on 9th November 1967. Maharatna Status Eligibility Criteria: To qualify as a Maharatna CPSE, a company must meet one of the following criteria over three years: Average annual net profit of over Rs. 2,500 crore.Average annual turnover of Rs. 20,000 crore.Average annual net worth of Rs. 10,000 crore.Maharatna status grants certain benefits for investment decisions, including the authority to invest Rs. 1,000 crore - Rs. 5,000 crore in a project or up to 15% of their net worth in a project.Hence, the correct answer is option B.
Q3 FREE PREVIEW
PYQThe rate at which the Reserve Bank of India lends money to commercial banks is called
✓ Correct answer: c) Repo Rate
ExplanationThe rate at which the Reserve Bank of India (RBI) lends money to commercial banks is called the "Repo Rate." Repo stands for Repurchase Agreement.The Repo Rate is the interest rate at which the RBI provides short-term loans to commercial banks by purchasing government securities or other eligible securities from them.It is a crucial tool used by the central bank to regulate liquidity, inflation, and credit conditions in the economy.Hence, the correct answer is option (C).
Q4 FREE PREVIEW
PYQIn India, inflation is measured by
✓ Correct answer: b) Consumer price index
ExplanationIn India, inflation is primarily measured using two main indices: the Consumer Price Index (CPI) and the Wholesale Price Index (WPI).Consumer Price Index (CPI) measures the average change over time in the prices paid by urban and rural consumers for a basket of goods and services, including food, housing, transportation, medical care, etc. CPI is calculated separately for various categories such as CPI for Industrial Workers (CPI-IW), CPI for Agricultural Labourers (CPI-AL), and CPI for Rural Labourers (CPI-RL), among others.Hence, the correct answer is option (B).
Q5 FREE PREVIEW
PYQWith reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements: I. It is the flagship scheme of the Ministry of Labour and Employment. II. It was launched in the year 2014. III. Among other things, it will also impart training in soft skills, entrepreneurship, financial and digital literacy. IV. It aims to align the competencies of the unregulated workforce of the country to the National Skill Qualification Framework. Which of the statements given above is/are correct?
✓ Correct answer: b) III and IV only
ExplanationI) It is the flagship scheme of the Ministry of Labour and Employment.This statement is incorrect. - The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is not a scheme under the Ministry of Labour and Employment.Instead, it is the flagship scheme of the Ministry of Skill Development and Entrepreneurship (MSDE).II) It was launched in the year 2014, This statement is incorrect. - The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) was indeed launched on 16th July,2015. III) Among other things, it will also impart training in soft skills, entrepreneurship, financial and digital literacy.This statement is generally correct. - PMKVY aims to provide skill training in various domains, including soft skills, entrepreneurship, financial literacy, and digital skills, among others.IV) It aims to align the competencies of the unregulated workforce of the country to the National Skill Qualification Framework.This statement is generally correct. - The primary aim of PMKVY is to provide skill training and certification that aligns with the National Skill Qualification Framework (NSQF) to enhance the employability of the workforce.Hence, the correct answer is option (B).
Q6 FREE PREVIEW
PYQWith reference to the PM CARES Fund, consider the following statements: I. The amount collected by it directly goes to the Consolidated Fund of India. II. It can avail donations from the foreign contribution and donations to fund can also avail 100% tax exemption. Which of the above statements is/are correct?
✓ Correct answer: b) II only
ExplanationPM CARES Fund – Under the chairmanship of Prime Minister Narendra Modi, the Prime Minister’s Citizen Assistance and Relief in Emergency Situation Fund was created on March 28th, 2020. The Prime Minister’s Citizen Assistance and Relief in Emergency | | Defence Situations Fund popularly known as PM- CARES Fund has been established by the government to address any emergency or distress scenario, including the COVID- 19 pandemic.This Fund was established as a result of several demands from the public to assist the administration in the wake of the COVID-19 emergency.Candidates can know detailed information about the PM CARES Fund on the Official Website (pmindia.gov.in).PM CARES fund is covered under the PM Schemes which is an important static GK topic with regards to UPSC or any other competitive examination.About PM CARES Fund: With the Prime Minister serving as its Chairman, the Fund is a public charitable trust.The ministers of defence, home affairs, and finance are additional members.As a result of the Fund’s ability to accept micro-donations, many people will be able to make donations in even the smallest amounts.The Fund will enhance capabilities for disaster management and promote research on citizen protection.Objectives of PM CARES Fund: To undertake and support relief or assistance of any kind relating to a public health emergency or any other kind of emergency, calamity or distress, either man-made or natural, including the creation or upkeep of healthcare or pharmaceutical facilities, other necessary infrastructure, funding relevant research or any other type of support.To render financial assistance, provide grants of payments of money or take such other steps as may be deemed necessary by the Board of Trustees to the affected population.To undertake any other activity, which is not inconsistent with the above Objects.Hence, the correct answer is option (B).
Q7 FREE PREVIEW
PYQThe Mid-Day Meal scheme comes under the purview of which ministry?
✓ Correct answer: d) Ministry of Education
ExplanationThe Mid-Day Meal scheme is a school meal program designed to improve the nutritional status of school children and encourage school attendance.It falls under the Ministry of Education (formerly known as the Ministry of Human Resource Development) in India.The scheme aims to provide cooked meals to children in government schools and government-aided schools across the country, with the objective of boosting school attendance, retention, and the overall health and nutrition of students.The Mid-Day Meal Scheme in India was indeed started on August 15, 1995, but it was initially known as the 'National Programme of Nutritional Support to Primary Education.' This program was later renamed and expanded into what is now commonly referred to as the Mid-Day Meal Scheme.Hence, the correct answer is option (D).
Q8 FREE PREVIEW
PYQ"Global Competitiveness Report" is released by which of the following organization?
✓ Correct answer: b) WEF
ExplanationWEF stands for the World Economic Forum.The World Economic Forum is an international organization that brings together leaders from various sectors, including business, government, academia, and civil society, to engage in discussions and collaborations aimed at | | Defence addressing global challenges and shaping economic agendas.Key aspects of the World Economic Forum include:1. Annual Meeting: The WEF is best known for its annual meeting in Davos, Switzerland, where leaders gather to discuss and deliberate on pressing global issues.The meeting provides a platform for dialogue and collaboration across different sectors.2. Reports and Research: The WEF conducts research and publishes reports on a wide range of topics, including global competitiveness, technology, sustainability, and more.These reports often provide insights into key trends and challenges facing the world.3. Global Initiatives: The WEF initiates and supports global projects and initiatives aimed at finding solutions to complex issues.These initiatives often involve public-private partnerships and collaboration between various stakeholders.4. Public-Private Cooperation: The organization emphasizes the importance of public-private cooperation in addressing global challenges.It seeks to foster dialogue and collaboration between governments, businesses, and other stakeholders to achieve positive societal impact.Hence, the correct answer is option (B).
Q9 FREE PREVIEW
PYQWhich of the following are commercial banks assets?
✓ Correct answer: b) Loans
ExplanationA bank can have different types of assets, including physical assets, such as equipment and land; loans, including interest from consumer and business loans; reserves, or holdings of deposits of the central bank and vault cash; and investments, or securities.Hence, the correct answer is option (B).
Q10 FREE PREVIEW
PYQWhich of the following is an example of Mixed Economy?
✓ Correct answer: c) Public and Private Sector
ExplanationThe coexistence of both public and private sectors within an economy is a characteristic of a mixed economy.So, "Public & Private Sector" would indeed be an example of a mixed economy.A mixed economy features a combination of both public (government) and private sector enterprises, allowing for both state intervention and free- market principles, aiming to balance economic efficiency with social welfare.Hence, the correct answer is option (C).
Q11 FREE PREVIEW
PYQGross Domestic Product (GDP) is based on which of the following factors?
✓ Correct answer: d) All of the above
ExplanationNational Income: GDP is a key component of calculating national income, as it represents the total value of goods and services produced within a country's borders.Per Capita Income: While not directly defining GDP, dividing the total GDP by the population gives you the per capita income, which is often used to compare living standards across countries.Purchasing Power Parity (PPP): When comparing GDP between countries, PPP is often used to adjust for differences in the cost of living, providing a more accurate picture of relative economic output.While GDP is primarily calculated based on the total value of goods and services produced within a country, it is interconnected with concepts like national income, per capita income, and purchasing power parity, making all of these factors relevant to understanding GDP.Hence, the correct answer is option (D).
Q12 FREE PREVIEW
PYQAs of February 2025, what was the reverse repo rate in India, which is set by the Reserve Bank of India (RBI) to regulate liquidity in the economy?
✓ Correct answer: b) 3.35%
ExplanationAs of the RBI's February 7, 2025, policy announcement, the reverse repo rate in India remained unchanged at 3.35%.In detail: What is the reverse repo rate?The reverse repo rate is the interest rate at which the RBI borrows money from commercial banks by holding the government securities as collateral.Why is it important?The Reserve Bank of India (RBI) uses the reverse repo rate as a tool to manage liquidity in the financial system and regulate the flow of money in the economy.Recent Changes: The Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 6.25% on February 7, 2025. However, the reverse repo rate remained unchanged at 3.35%.Other policy rates: Repo Rate: 6.25% Bank Rate: 6.50% Marginal Standing Facility (MSF) Rate: 6.50% Standing Deposit Facility (SDF) Rate: 6.00% Hence, the correct answer is option (B).
Q13 FREE PREVIEW
PYQWhich of the following are considered legal tender in India?1. Bank notes2. Coins3. Cheques4. e-Rupee5. Bitcoins Select the correct answer using the codes given below:
✓ Correct answer: b) 1, 2, and 4 only
ExplanationIn India, bank notes, coins, and the e-Rupee (Central Bank Digital Currency - CBDC) are considered legal tender.Cheques are not legal tender as they are a negotiable instrument requiring acceptance.Bitcoins and other cryptocurrencies are not recognized as legal tender in India.Hence the correct answer is option B
Q14 FREE PREVIEW
PYQWhich is the first state in India to impose an agriculture tax?
✓ Correct answer: b) Bihar
ExplanationBihar was the first state in India to impose an agricultural tax.This tax was introduced to generate revenue from agricultural produce, given that agriculture is a significant part of the state's economy.Hence, the correct answer is option (B).
Q15 FREE PREVIEW
PYQWhat is meant by 'Sex Ratio'?
✓ Correct answer: b) Number of females per 1000 males
ExplanationSex ratio is defined as the number of females per 1000 males in a given population.In a society that has males and females equal in number, the sex ratio is 1:1 or 1000 females for every 1000 males.This ratio is an important indicator of gender balance in population.Historically there were more females than males in most countries of the world.This phenomena occurred due to two reasons: i) Girl babies enjoy better immune system and resistant to diseases in comparison of male child. ii) Females live longer than males in most of the societies.Hence, the correct answer is Option B i.e Number of females per 1000 males.
Q16 FREE PREVIEW
PYQWhich one of the following is not a part of the service sector in India?
✓ Correct answer: b) Construction
ExplanationKey Points- Construction is a part of the manufacturing sector and not the service sector.Explanation- Construction is a part of the manufacturing sector, which is a sector which derives its raw materials from the primary sector.Various raw materials such as limestone, sandstone, cement, plaster etc are derived from the primary sector.Transport, hotels and restaurants and insurance are part of the service sector, which produces services rather than goods.Hence, options a, c and d are incorrect.Hence the correct option is ‘B’ i.e Construction.
Q17 FREE PREVIEW
PYQRise in the price of a commodity means
✓ Correct answer: d) Fall in the value of currency and rise in the value of commodity
ExplanationKey concept:- Inflation-Inflation refers to the increase in the price of most goods and services that are routinely or commonly used.Food, clothing, housing, recreation, transportation, essentials, etc. Inflation measures the change in the average price of a basket of goods and services over time.Explanation:- As the demand for goods and services increases, the prices of goods and services increase, and raw materials are used to produce those goods and services.As the demand for a product increases, so does the price of the product.Hence, the correct answer is Option D i.e., fall in the value of currency and rise in the value of commodity
Q18 FREE PREVIEW
PYQWhat is meant by 'Public Good'?
✓ Correct answer: b) A commodity whose benefits are indivisibly spread among the entire community.
ExplanationKey Points- Public good are the type of goods whose benefits are spread among the entire community and are provided free of cost by the government.Explanation- Public goods are provided by the government free of cost for the welfare of the public at large.These goods are also called collective or social goods.People cannot be stopped from using them just because they failed to pay for them, i.e, these goods are both are non- excludable and non-rivalrous.Hence the correct option is ‘b’ i.e, a commodity whose benefits are indivisibly spread among the entire community.
Q19 FREE PREVIEW
PYQWhich one of the following statements is incorrect?
✓ Correct answer: b) India meets more than 50 per cent of its defence equipment through imports.
ExplanationKey Concept: India tops the list of the largest buyer or importers of weapons / defence equipment by accounting for approximately 11 percent of the Global Market.Explanation: In recent researches, the biggest defense equipments exporter to India was France, which 36 percent of the year's total defense import.Russia followed closely by exporting around 35 percent of the Year total defense import.Hence, the correct option is Option (B) i.e, India meets more than 50 per cent of its defence equipment through imports.Additional Information: After India, Saudi Arabia follows closely in the list of largest importers of arms by accounting for 11 percent market share from 2017 to 2022.
Q20 FREE PREVIEW
PYQWhich of the following phrases were used in the theme of the Twelfth Five-Year Plan (2012- 17)?1. Inclusive2. Faster3. More inclusive4. Sustainable5. More sustainable Select the correct answer using the codes given below:
✓ Correct answer: c) 2, 3 and 4
ExplanationExplanation Planning Commission It was established on March 15, 1950 and was chaired by Prime Minister Jawaharlal Nehru.The Planning Commission of India was an organization of the Government of India which, among other things, formulated India's five-year plans(there were 12 Five Years Plans till 2014).The Planning Commission was charged with serving all community service employment opportunities.The Planning Commission did not derive its origin from either the Constitution or the Statute but it was formed through Cabinet’s decision.Its objective was to promote a rapid rise in the standard of living of Indians by productively utilizing the country's resources, increasing production and providing opportunities for everyone for employment in the service of society.Slogan for 12th Five Year Plan "Faster, Sustainable, and More Inclusive Growth." It was replaced by NITI Aayog, a more robust organization, on 1 January 2015. It is more of a think tank that works with stakeholders to develop the country.Hence, the correct answer C, i.e 2, 3 and 4
Q21 FREE PREVIEW
PYQWhich of the following statements about the New Development Bank is/are correct?1. The Headquarters of the Bank is situated in Moscow, Russia.2. K. V. Kamath was the first President of the Bank. Select the correct answer using the code given below.
✓ Correct answer: b) 2 only
ExplanationKey Concept: The headquarters of the New Development Bank BRICS are located in Shanghai, China.Explanation: The headquarters of NBD was officially inaugurated on the 9th of December 2004 in Shanghai, China Mr. K.V. Kamath from India was the first President of the New Development Bank.He served the bank from 2015 to 2020. Overview: Formation: Established at the 6th BRICS Summit in Fortaleza, Brazil, 2014 Headquarters: Shanghai, China Observer Status: Received in the United Nations General Assembly in 2018 Objectives: Foster development in member countries Support economic growth Promote competitiveness and job creation Build a knowledge-sharing platform among developing countries Support public and private projects through loans, guarantees, equity participation, and other financial instruments Recent Proposal: India's Proposal: Expand NDB’s scope to include strengthening social infrastructure (e.g., healthcare, education, housing) alongside promoting industry Major Projects Funded in India: Mumbai Metro Rail Delhi-Ghaziabad-Meerut Regional Rapid Transit System Various Renewable Energy Projects Total Approved Projects: 14 projects amounting to nearly USD 4.2 billion Recent Developments: 2020 Loan Pact: India secured a USD 1 billion loan from NDB to boost rural employment and infrastructure Hence, the correct answer is Option (B).
Q22 FREE PREVIEW
PYQWhich of the following statements in the context of income-environment relationship is/are correct?1. Pollution trends tend to follow an inverse-U shaped relationship across different stages of economic development.2. In the beginning stage, pollution increases due to urbanization and industrialization.3. In the later stage, pollution declines due to structural changes towards services sector. Select the correct answer using the code given below.
✓ Correct answer: c) 1,2 and 3
ExplanationKey Points- As there is a structural change in society towards the service sector, the level of pollution caused keeps declining.Explanation- In the early stage of economic development, forests are converted into manufacturing hubs which leads to high environmental degradation and pollution.Service sector causes less pollution than other sectors, thus after the structural change towards the service sector, there is a decline in the level of pollution.Hence the correct option is Option C i.e. 1,2 and 3.
Q23 FREE PREVIEW
PYQWhich of the following statements is not true?
✓ Correct answer: c) The Most Favoured Nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries.
ExplanationGeneral Agreement on Tariffs and Trade (GATT) and World Trade Organisation(WTO): The General Agreement on Tariffs and Trade (GATT) was signed by 23 countries in October 1947 after World War II and entered into force on January 1, 1948. The purpose of the GATT was to facilitate international trade.The GATT was held eight times in total from April 1947 to December 1993, each with great success and results.In 1995, the GATT was merged into the World Trade Organization (WTO) and the WTO was enlarged.All signatory members of the GATT should be treated equally with all other members.This is known as Most Favored Nation and has carried over to the WTO.The practical result of this is that when a country negotiates a tariff reduction with another country (usually a major trading partner), the same reduction automatically applies to all GATT signatories.The Agreement on Agriculture (AoA), a WTO treaty negotiated during the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), was formally ratified in 1994 in Marrakech, Morocco.It came into effect in 1995. Preferential Trade Agreement (PTA) term used in the WTO for preferential trade such as: reduced or zero tariffs that Member States can unilaterally offer to their trading partners.This includes the Generalized System of Preferences, under which developed countries grant preferential tariffs on imports from developing countries. | | Defence It includes non-reciprocal schemes granted by the General Council.Member States are therefore exempt from the application of the Most Favored Nation (MFN).Hence, the correct answer is option (C).
Q24 FREE PREVIEW
PYQUnder flexible exchange rate system, the exchange rate is determined:
✓ Correct answer: a) Predominantly by market mechanism
ExplanationKey Points- Flexible exchange rate system is a type of exchange system where the exchange rate is predominantly on demand and supply of money in the market.Explanation- In a flexible exchange rate system, as per the changes in demand and supply of foreign exchange, the currency is allowed to fluctuate freely.There is no involvement of the central bank in this system and neither is there any need of maintaining foreign reserves.Appreciation and Depreciation of currency take place in this type of exchange system.Hence the correct option is Option A i.e. predominantly by market mechanism.
Q25 FREE PREVIEW
PYQWhich one of the following is an example of a 'natural monopoly'?
✓ Correct answer: b) Delhi Jal Board
ExplanationKey Points- Delhi Jal Board is an example of natural monopoly and it is the most efficient provider in its industry.Explanation- Natural Monopoly is a type of monopoly where a single company is capable of providing a product or service at a cost which is lower as compared to its competitor in the industry.It arises due to natural market forces.Examples include industries related to electricity and water services.Hence the correct option is Option B i.e. Delhi Jal Board.
Q26 FREE PREVIEW
PYQIn view of the fact that kerosene is an inferior good in India, what is/are its implication(s)?1. As households get richer, they consume less kerosene.2. Over time there is a decline in quality of kerosene.3. Government needs to stop subsidies on kerosene. Select the correct answer using the code given below.
✓ Correct answer: a) 1 only
ExplanationKey Points- Inferior goods refer to those type of goods whose demand decreases with increase in income of households.Explanation- Since kerosene is an inferior good, its demand will decrease with the rise of income of households.With the rise in income of households, they can afford other costlier alternatives in place of inferior goods.Thus,Statement 1 is correct.Statements 2 and 3 are incorrect as there is not necessarily a decline of quality of inferior goods after a period of time.Hence the correct answer is Option A i.e 1 only is the correct answer.
Q27
PYQWhich of the following factors led to a decline in inflation rate in India during 2014-2015?1. Persistent decline in crude oil prices.2. Softness in global prices of tradables such as edible oils and coal.3. Tight monetary policy pursued by the Reserve Bank of India. Select the correct answer using the code given below.
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Q28
PYQPrivate investment in Indian agriculture is mostly on labour-saving mechanization. This could be a response to
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Q29
PYQWhich one of the following represents a progressive tax structure?
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Q30
PYQInclusion strategy does not focus on:
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Q31
PYQDemand for a commodity refers to
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Q32
PYQWhich one of the following is not an example of externalities?
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Q33
PYQWhen two goods are completely interchangeable, they are
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Q34
PYQWhich of the following statements with regard to the proposed Asian Infrastructure Investment Bank is/are correct?1. India is one of the founding members of the Bank.2. The Bank is to be headquartered in Shanghai. Select the correct answer using the code given below :
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Q35
PYQWhich one of the following statements with regard to India's economy between 1814 to 1860 is not correct?
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Q36
PYQShishu, Kishor and Tarun are the schemes of :
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Q37
PYQIn India, the term 'hot money' is used to refer to:
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Q38
PYQWhich of the following is/are example(s) of 'Near Money'? 1 Treasury Bill 2 Credit Card 3 Savings accounts and small time deposits 4 Retail money market mutual funds Select the correct answer using the code given below :
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Q39
PYQWho among the following is the Chairman of the Fourteenth Finance Commission?
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Q40
PYQWhich of the following statements are correct ?1. Ability to pay principle of taxation holds that the amount of taxes people pay should relate to their income or wealth.2. The Benefit Principle of taxation states that individuals should be taxed in proportion to the benefit they receive from Government programmes.3. A progressive tax takes a larger share of tax from poor families than it does from rich families.4. Indirect taxes have the advantage of being cheaper and easier to collect. Select the correct answer using the code given below :
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Q41
PYQWhich of the following statement(s) is/are false ?1. Wage Boards are tripartite in nature, with representatives from workers, employers and independent members.2. Except for the Wage Boards for Journalists and Non-Journalists, all the other wage boards are statutory in nature.3. Second National Commission on Labour has recommended against the utility of wage boards. Select the correct answer using the code given below :
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Q42
PYQCapital deepening refers to
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Q43
PYQWhich one of the following is not among the aims of the Second Five-Year Plan?
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Q44
PYQAccording to the Classical Theory of Employment, deviations from the state of full employment are
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Q45
PYQWhich of the following is/are the example(s) of Transfer Payment(s)? 1 Unemployment Allowance 2 Payment of Salary 3 Social Security Payments 4 Old age Pension Select the correct answer using the code given below :
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Q46
PYQWhich one of the following statements is correct with respect to the composition of national income in India?
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Q47
PYQWhich of the following will be the outcome if an economy is under the inflationary pressure?1. Domestic currency heads for depreciation.2. Exports become less competitive with imports getting costlier.3. Cost of borrowing decreases.4. Bondholders get benefitted. Select the correct answer using the code given below.
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Q48
PYQWhich one of the Five Year Plans had a high priority to bring inflation under control and to achieve stability in the economic situation?
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Q49
PYQWhich of the following statement(s) is/are true with respect to Phillips Curve ? 1 It shows the trade-off between unemployment and inflation 2 The downward sloping curve of Phillips Curve is generally held to be valid only in the short run 3 In the long run, Phillips Curve is usually thought to be horizontal at the non- accelerating inflation rate of unemployment (NAIRU) Select the correct answer using the code given below :
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Q50
PYQWhich one of the following is not a component of Revenue Receipts of the Union Government?
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Q51
PYQThe monetary policy in India uses which of the following tools?1. Bank rate2. Open market operations3. Public debt4. Public revenue Select the correct answer using the code given below
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Q52
PYQWhich one of the following criteria got the highest weight for determination of shares of States in the formula given by the 14 th Finance Commission?
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Q53
PYQConsider the following statements about the Second Five-Year Plan :1. It was drafted under the leadership of K. N. Raj.2. It proposed that industries like electricity, railways, steel, machineries and communication could be developed in the public sector.3. The drafters found balancing industry and agriculture very difficult.4. The drafters found balancing industry and agriculture really easy. Which of the statements given above is/are correct?
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Q54
PYQWhich one of the following sectors is not affected by the changes made in the Foreign Direct Investment Policy in June 2016?
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Q55
PYQArrange the following events in sequential order as they happened in India :1. Mahalanobis Model2. Plan Holiday3. Rolling Plan Select the correct answer using the code given below.
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Q56
PYQWho among the following scholars argued that "capital created underdevelopment not because it exploited the underdeveloped world, but because it did not exploit it enough"?
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Q57
PYQDevaluation of currency will be more beneficial if the prices of
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Q58
PYQGoods and Services Tax likely to be levied in India is not a
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Q59
PYQUBI, as an alternative for subsidies in poverty alleviation, stands for
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Q60
PYQWhich one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?
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Q61
PYQThe Most Favored Nation (MFN) Clause under WTO regime is based on the principle of
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Q62
PYQThe Twelfth Five-Year Plan focussed on inclusive growth. Which of the following were considered as challenges for inclusiveness?1. Poverty2. Group inequality3. Regional imbalance4. Unemployment Select the correct answer using the code given below.
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Q63
PYQThe phenomenon of 'demographic dividend' of a country relates to
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Q64
PYQWhich one of the following statements about Exchange-Traded Fund (ETF) is not correct?
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Q65
PYQThe natural rate of unemployment hypothesis was advocated by
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Q66
PYQThe following item consists of two statements, Statement I and Statement II. Examine these two statements carefully and select the correct answer using the code given below. Statement I: There has been a sharp decline in savings rate in Indian economy between 2007- 2008 to 2015-2016. Statement II: There has been a fall in household and public savings.
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Q67
PYQWhich of the following statements about the India Post Payments Bank (IPPB) is/are correct?1. It has been incorporated as a Public Limited Company.2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi. Select the correct answer using the code given below.
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Q68
PYQThe Fourteenth Finance Commission assigned different weights to the following parameters for distribution of tax proceeds to the States :1. Income distance2. Population3. Demographic changes4. Area Arrange the aforesaid parameters in descending order in terms of their weights.
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Q69
PYQWhich one of the following is the maximum age of joining the National Pension System (NPS) under the NPS-Private Sector?
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Q70
PYQThe Economic historian, who has used the data collected by Buchanan Hamilton to support the thesis of deindustrialization in the 19th century India, is
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Q71
PYQThe following item consists of two statements, Statement I and Statement II. Examine these two statements carefully and select the correct answer using the code given below. Statement I: Private investments in research have severely lagged public investments in India. Statement II: Universities play a relatively small role in the research activities of the country.
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Q72
PYQAccording to the latest Reserve Bank of India study on State finances, capital spending is maximum on
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Q73
PYQConsider the following statements about the impact of tax :1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?
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Q74
PYQAs per the extant policy, Foreign Direct Investment is permitted in the defence sector under the automatic route up to which one of the following limits?
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Q75
PYQThe following item consists of two statements, Statement I and Statement II. Examine these two statements carefully and select the correct answer using the code given below. Statement I: Agriculture in India still accounts for a substantial share in total employment. Statement II: There has been no decline in volatility of agricultural growth in India.
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Q76
PYQAccording to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to
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Q77
PYQThe Reserve Bank of India has recently constituted a high-level task force on Public Credit Registry (PCR) to suggest a road map for developing a transparent, comprehensive and near-real-time PCR for India. The task force is headed by
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Q78
PYQAccording to the World Bank's Doing Business Report, 2018, India's ranking has improved in 2018 as compared to 2017 in which of the following areas?1. Paying taxes2. Resolving insolvency3. Starting a business4. Getting electricity Select the correct answer using the code given below.
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Q79
PYQThe following item consists of two statements, Statement I and Statement II. Examine these two statements carefully and select the correct answer using the code given below. Statement I: The overall fiscal deficit of the States in India during 2017-2018 stayed above the FRBM threshold level of 3 percent for the third successive year. Statement II: Special Category States had run up a higher level of fiscal deficit in 2017-2018 compared to 2016-2017.
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Q80
PYQWhich one of the following is an example of a price floor?
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Q81
PYQWhich one of the following factors is not considered in determining the Minimum Support Price (MSP) in India?
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Q82
PYQGini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy?
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Q83
PYQWhich one of the following statements is not correct?
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Q84
PYQThe value of the slope of a normal demand curve is
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Q85
PYQA market situation when many firms sell similar but not identical products is termed as
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Q86
PYQWhich one of the following equals Personal Disposable Income?
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Q87
PYQWhich one of the following is not an assumption in the law of demand?
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Q88
PYQConsider the following statements:1. Inflation in India continued to be moderate during 2017-18. 2.There was significant reduction in food inflation, particularly pulses and vegetables during the period. Which of the statements given above is/are correct?
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Q89
PYQConsider the following statements about a joint-stock company :1. It has a legal existence.2. There is limited liability of share- holders.3. It has a democratic management.4. It has a collective ownership. Which of the statements given above are correct?
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Q90
PYQConsider the following statements about. indifference curves :1. Indifference curves are convex to the origin.2. Higher indifference curve represents higher level of satisfaction3. Two indifference curves cut each other. Which of the statements given above is/are correct?
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Q91
PYQIndexation is a method whose use can be associated with which one of the following?
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Q92
PYQWhich one of the following statements with regard to economic models is not correct?
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Q93
PYQWho among the following has given the concept of Human Development?
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Q94
PYQWhich one of the following canons of taxation was not advocated by Adam Smith?
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Q95
PYQAccording to John Maynard Keynes, employment depends upon
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Q96
PYQThe working of the price mechanism in a free- market economy refers to which one of the following?
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Q97
PYQWhich one of the following is not a dimension of the Human Development Index?
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Q98
PYQWhen some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is
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Q99
PYQSub-prime crisis' is a term associated with which one of the following events?
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Q100
PYQWhich one of the following countries is not a founding member of the New Development Bank?
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Q101
PYQWhich one of the following hypotheses postulates that individual's consumption in any time period depends upon resources available to the individual, rate of return on his capital and age of the individual?
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Q102
PYQWhich of the following statements with regard to the 'Make in India' initiative is/are correct?1. It was launched in the year 2018. 2.Its objective is to foster innovation. Select the correct answer using the code given below:
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Q103
PYQWho among the following is the Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM)?
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Q104
PYQIn economics, if a diagram has a line passing through the origin and has angle with either axis and it is asserted that along the line , what is tacitly assumed?
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Q105
PYQThe Cash Reserve Ratio refers to
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Q106
PYQSuppose an agricultural laborer earns per day in her village. She gets a job to work as a babysitter in a nearby town @ ₹700 per day. She chose to work as an agricultural laborer. Which one of the following is the opportunity cost of the agricultural laborer?
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Q107
PYQA market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by firms, is termed as
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Q108
PYQWhich one of the following is not an objective of the MGNREGA?
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Q109
PYQSince 2014-15, India has consistently run trade surplus with which one among the following countries?
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Q110
PYQRecently the Reserve Bank of India has imposed limitations, initially for a period of six months, on the withdrawal of amount by account holders of which one of the following banks?
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Q111
PYQWhich of the following are considered to be the four pillars of human development?
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Q112
PYQNormally, there will not be a shift in the demand curve when
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Q113
PYQWhich one of the following statements about the Repo rate is not correct?
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Q114
PYQWhich one of the following statements in the context of social sector spending in India during 2014 - 19 (both States and the Union Government together) is true?
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Q115
PYQThe mismatch in the regional or occupational pattern of job vacancies and the pattern of worker availability results in
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Q116
PYQThe situation where the equilibrium level of real GDP falls short of potential GDP is known as
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Q117
PYQWhich one of the following is true of a pure voluntary exchange between two parties A and B ?
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Q118
PYQAccording to UNDP's Human Development Report - 2020, in which of the HDI components has India improved in recent years ?1. Life expectancy at birth2. Expected years of schooling3. GNI per capita4. Mean years of schooling Select the correct answer using the code given below :
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Q119
PYQWhich one of the following is the opportunity cost of a chosen activity ?
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Q120
PYQThe excess of total expenditure of Government over its total receipts, excluding borrowings, is known as
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Q121
PYQWhich one of the following is a typical example of monopolistic competition?
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Q122
PYQWhich one of the following target groups is the beneficiary of 'Garib Kalyan Rojgar Abhiyan' scheme?
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Q123
PYQThe percentage by which the money the borrower pays back exceeds the money that was borrowed is called as
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Q124
PYQThe situation in an economy which is growing slowly along with rapid inflation (rising price level) is called
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Q125
PYQThe asset or assets that a borrower pledges in order to guarantee repayment of a loan is called as
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Q126
PYQWhich one of the following approaches of human development was initially proposed by the International Labour Organisation (ILO) and emphasised on health, education, food, water supply, sanitation and housing ?
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Q127
PYQExchange rates state the value of one currency in terms of other currencies. Which one of the following statements with respect to the exchange rate of currency is correct?
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Q128
PYQWhich of the following measures should be taken when an economy is going through inflationary pressures?1. The direct taxes should be increased.2. The interest rate should be reduced.3. The public. speñding should be increased. Select the correct answer using the code given below :
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Q129
PYQThe increase in private investment spending induced by the increase in Government spending is known as
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Q130
PYQWhich one of the following is not a function of money ?
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Q131
PYQWhich one of the following may lead to movement along the demand curve of a commodity ?
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Q132
PYQConsider the following statements about the Micro, Small and Medium Enterprises (MSMEs) :1. The MSMEs comprise a dynamic sector of the Indian economy, providing large employment opportunities.2. MSMEs require low capital costs and help the industrialization of backward regions.3. MSMEs contribute enormously to socio- economic development. Which of the above statements is/are correct?
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Q133
PYQDuring 2020-21, when India was passing through the adverse effects of COVID-19, which one of the following sectors witnessed positive growth ?
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Q134
PYQWhich one of the following is the first State in India to have 100 percent households with tap water connection?
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Q135
PYQConsider the following statements regarding e- RUPI prepaid digital vouchers :1. The maximum amount of e-RUPI is rupees one lakh.2. Beneficiaries can receive e-RUPI without having a bank account.3. To receive e-RUPI on mobile phones, beneficiaries need a smart phone with Internet connection. Which of the statements given above is/are correct?
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Q136
PYQWhich one of the following statements about Non-Banking Financial Companies (NBFCs) is not correct?
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Q137
PYQThe Department for Promotion of Industry and Internal Trade (DPIIT) has revised the base year index of Eight Core Industries having a combined weight of about 40 - 27 percent in the Index of Industrial Production. Which one of the following is not one of the Eight Core Industries ?
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Q138
PYQWhich one of the following forms of money supply is considered as the most widely used in the Indian monetary system ?
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Q139
PYQWhich one of the following does not influence quantity demanded for a good?
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Q140
PYQWhich one among the following reports defines: Sustainable Development as development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs?
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Q141
PYQWhich one of the following Labour Codes notified by the Government of India incorporated various provisions of the Central Labour Acts such as the Factories Act, 1948 and Plantations Labour Act, 1951?
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Q142
PYQWho among the following formulated the concept of poverty as a measurable development indicator in the Indian subcontinent?
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Q143
PYQAmong the following countries, where did the idea of 'Social Market Economy' emerge in 1950?
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Q144
PYQWhile forming the 'Indo-Pacific Economic Framework for Prosperity', the member countries launched collective discussions towards future negotiations on four pillars. Which one of the following is not one of those pillars?
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Q145
PYQWhich one of the following statements with regard to the National Rural Employment Guarantee Act, 2005 is correct?
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Q146
PYQThe Insolvency and Bankruptcy Board of India (IBBI) was established in the year
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Q147
PYQWhich one of the following assists a country through 'Extended Fund Facility', often talked about in the news
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Q148
PYQInfant mortality ratio of which one of the following countries is comparable to that of India?
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Q149
PYQRecently, the term 'two-pillar solution/two- pillar package' often seen in the news, refers to
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Q150
PYQWhich one of the following statements about a borrower from a Microfinance Company is not correct?
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Q151
PYQWho among the following, first mooted the idea of deficit financing?
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Q152
PYQWhich one of the following would be considered as Foreign Direct Investment?
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Q153
PYQWhich of the following factors signify monopolistic competition ?1. Differentiated products2. Large number of buyers and sellers3. Barriers to entry4. Homogeneous products Select the correct answer using the code given below :
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Q154
PYQWhich one of the following terms denotes the inputs in terms of tools, machines, buildings, raw materials and money in hand required at any stage of production ?
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Q155
PYQWhich one of the following is not a permanent member of the United Nations Security Council?
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Q156
PYQWhich of the following are the effects of devaluation or depreciation of currency?1. It lends to an increase in imports and a decrease in exports2. It leads to an increase in exports and a decrease in imports.3. It leads to an increase in domestic inflation.4. It lends to a decrease in domestic inflation Select the correct answer using the code given below :
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Q157
PYQWhich of the following concepts are considered pillars of the Human Development ?1. Equity2. Sustainability8. Productivity4. Security Select the correct answer using the code given below:
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Q158
PYQWhich one of the following taxes is not subsumed under the Goods and Services Tax in India?
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Q159
PYQWhich one of the following expenditure is subtracted from the Fiscal Deficit to arrive at the Primary Deficit?
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Q160
PYQThe sustained decrease in the general price level is called as
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Q161
PYQWhich of the following is/are United Nations Sustainable Development Goal(s)?1. Decent work and economic growth2. Peace, justice, and strong institutions3. Responsible consumption and production Select the correct answer using the code given below :
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Q162
PYQThe Wholesale Price Inflation has increased in India during 2021-2022 due to which of the following factors?1. Sharp increase in international pricen of crude oil2. Decrease in economic activity post-Covid3. Disruption of global supply chain4. High freight cost Select the correct answer using the code given below :
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Q163
PYQWhich one of the following indicators is included in the National Multidimensional Poverty Index (MPI)?
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Q164
PYQSDG: India Index, developed by NITI Aayog. Includes 17 SDGs for each state. Which one of the following is not included in that index?
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Q165
PYQOther things remaining constant, the marke supply for a good increases if:1. its price increases2. price of its factors of production decreases.3. price of other goods decreases Select the correct answer using the code given below
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Q166
PYQWhich of the following policies help to raise interest rate unambiguously and thereby lead to appreciation of currency?
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Q167
PYQWhat would be the impact on the economy if people start holding more currency in hand and less in deposits?
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Q168
PYQThe unemployment that occurs due to changes in the technology or in the demand for particular products is called
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Q169
PYQConsider the following statements regarding poverty in India:1. The poverty line in India is based on minimum requirements for food, clothing, fuel, education, and healthcare.2. India's accepted average calorie requirement is 2400 calories per person per day in rural areas and 2100 calories per person per day in urban areas. Which of the statements given above is/are correct?
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Q170
PYQThe contraction of private investment spending due to deficit spending by the Government is called
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Q171
PYQWhich of the following action(s) by the Government would lead to contraction of money supply in the economy?1. Purchase of Treasury Bills by the central bank from public.2. Sale of Treasury Bills by the contral bank to public.3. Sale of foreign exchange by the central bank.4. Purchase of foreign exchange by the central bank. Select the correct answer using the code given below :
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Q172
PYQConsider the following statements about the Public Distribution System :1. The Public Distribution System is operated under the joint responsibility of Centre and State/Union Territories.2. Food Corporation of India has assumed the responsibility for procurement, storage and transportation of food grains to the State Governments.3. Both Centre and State have the joint responsibility to identify eligible beneficiaries.4. Some States also distribute additional items of mass consumption through the PDS outlets such as pulses, edible oil, ete. Which of the statements given above are correct?
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Q173
PYQWhich one of the following is a measure that can be used by the Government for combatting inflation?
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Q174
PYQIn India, the contribution of food inflation to overall inflation is around 1/3rd to 2/5th. Within food inflation, contribution of food articles is higher because price rise in food articles is
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Q175
PYQWhich among the following is/are the objective/objectives of the NITI Aayog?1. Imposing policies on the States/UTs2. Allocation of funds at National and State levels3. Design strategies and long-term policies and programme frameworks Select the correct answer using the code given below.
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Q176
PYQSpecial Drawing Rights (SDRs) relate to
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Q177
PYQWhich one of the following situations can lead to inflation?
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Q178
PYQWhich is the only country in the world to officially proclaim the Gross National Happiness (GNH) as the measure of the country's progress ?
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Q179
PYQThe computation of poverty in terms of Monthly Per Capita Consumption Expenditure (MPCE) based on the Mixed Reference Period was recommended by the
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Q180
PYQWhich one of the following is not a fund managed by NIIFL (National Investment and Infrastructure Fund Limited)?
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Q181 · 2009
PYQ 2009Which of the following statements with regard to the Report of Tendulkar Committee (2009) on poverty estimates is/are correct?1. The Committee had used an all-India urban poverty line basket as a reference to derive both rural and urban poverty levels.2. The Committee had anchored the poverty line to the official food calorie norms. Select the correct answer using the code given below.
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Q182
PYQWhich one of the following statements for a firm's equilibrium in Perfect Competition is not correct?
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Q183
PYQWhich one of the following taxes is not included in the Central Pool to be shared with the States according to the recommendations of Finance Commission of India?
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Q184
PYQLevel of per capita GDP depends upon which of the following?1. Proportion of population in the working age2. Work participation rate3. Per worker productivity Select the correct answer using the code given below.
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Q185
PYQUnder normal downward sloping demand curve and fully elastic supply curve of a commodity, an exogenous decrease in demand would lead to
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Q186
PYQConsider the following statements regarding instruments of monetary policy :1. Standing deposit facility (SDF) rate was introduced in April 2022.2. SDF rate replaced fixed reverse repo rate as the floor of the LAF corridor. Which of the statements given above is/are correct?
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Q187
PYQIf India enters into Free Trade Agreements (FTAs) with other nations, then the growth of exports of India would depend upon which of the following?1. Extent of tariff reduction vis-à-vis MFN tariffs2. Extent of relaxation in terms of rules of origin3. Extent of relaxation in sanitary and phytosanitary measures4. Level of infrastructure in India5. Income in nations with which India enters into FTAs Select the correct answer using the code given below.
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Q188
PYQPandit Deendayal Upadhyay National Welfare Fund was established with the view to help which one of the following groups?
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Q189
PYQWhich of the following are included in M1 definition of money for the Indian economy?1. Reserves2. Currency3. Time deposits4. Demand deposits Select the correct answer using the code given below.
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Q190
PYQWhich of the following indicators is/are used to observe the monetary transmission mechanism in the economy?1. Weighted average lending rate2. Weighted average domestic term deposit rate3. 1-year median MCLR4. SDF rate Select the correct answer using the code given below.
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Q191
PYQWhich one among the following was the focus of the Twelfth Five-Year Plan?
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Q192
PYQWhich of the following statements is/are correct?1. GDP deflator captures the average price of an unchanging basket of commodities that constitutes the GDP of the country.2. GDP deflator can be used to measure the real GDP of the economy but not the inflation rate. Select the correct answer using the code given below.
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Q193
PYQWhich one of the following statements is not correct for National Income Accounting for India?
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Q194
PYQConsider the following statements :1. A rupee Vostro account is an account that an Indian bank holds for a foreign bank in the domestic currency (rupee) to enable domestic banks to provide international banking services.2. Insurance density, i.e., average insurance premium per capita does not fully capture the financing gap in the event of a premature death because most of the insurance products sold in India are savings-linked with a small component of protection. Which of the statements given above is/are correct?
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Q195
PYQConsider the following statements regarding weightage of different articles in Wholesale Price Index (WPI) :1. Fuel and power have higher weightage in WPI than that of primary articles.2. Weightage of manufactured products in WPI is higher than that of fuel and power. Which of the statements given above is/are correct?
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Q196
PYQWhich one of the following statements regarding GST is not correct?
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Q197
PYQWhich one of the following dimensions is not included in Human Development Index ?
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Q198
PYQWhich of the following statements is/are correct?1. Most of India's reserves is held in the form of foreign currency.2. There is no cost of holding foreign currency as reserves by a nation. Select the correct answer using the code given below.
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Q199
PYQWhich of the following statements is/are correct?1. A price index captures the change in the average price of a constant basket of commodities.2. If the price index takes values 100 , 110 and 121 in three consecutive years respectively, then the inflation rates in the 2 nd and 3rd years are 10% and 21 % respectively. Select the correct answer using the code given below.
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Q200
PYQWhich one among the following items comprises the major portion of revenue expenditure of the Union Government of India?
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Q201
PYQWhich of the following is not included in the Capital Account of the Balance of Payments of a country?
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Q202
PYQWhich of the following components of Central Government taxes on petroleum products is/are not shareable with the States?1. Basic Excise Duty2. Additional Excise Duty3. Special Additional Excise Duty Select the correct answer using the code given below.
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Q203
PYQThe practice of reducing the size of a product while maintaining its sticker price is called :
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Q204
PYQWhich of the following statements about Open Network for Digital Commerce (ONDC) is/are correct?1. It was launched in 2021 by the Government of India.2. Its aim is to democratize e-commerce in India.3. India has surpassed China in 2024 in e-retail penetration. Select the answer using the code given below :
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Q205
PYQConsider the following statements about Union Government’s Expenditure on revenue account and effective capital expenditure :1. Effective capital expenditure as percentage of GDP has increased from 2020-21 to 2023-24.2. Expenditure on revenue account as percentage of GDP has increased from 2020-21 to 2023-24. Which of the statements given above is/are correct?
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Q206
PYQThe United Nations Carbon Offset Platform is an e-commerce platform to compensate greenhouse gas emissions by purchasing carbon credits. Who among the following can buy these carbon credits?1. A company2. An organization3. А citizen Select the answer using the code given below.
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Q207
PYQWhich one among the following pairs of type of firm and feature is not correctly matched?
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Q208
PYQThe Paramparagat Krishi Vikas Yojana (PKVY) launched in 2015-16 by the Central Government is aimed to :
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Q209
PYQWhich one among the following sectors is included in the list of the Sunrise Sectors in India?
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Q210
PYQWhich of the following statements with respect to the Gender Inequality Index (GII) is/are correct?1. GII reflects gender-based disadvantage in work participation, property and income dimensions.2. GII reflects gender-based disadvantage in reproductive health, empowerment and the labour market dimensions.3. The value of GII ranges from 0 to 1, with a GII of 0 indicating women and men faring equally in all dimensions. Select the answer using the codes given below:
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Q211
PYQThe financial instruments that generate proceeds for investment in environmentally sustainable and climate-suitable projects are called as:
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Q212
PYQWhich one among the following statements correctly defines the Infant Mortality Rate (IMR)?
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Q213
PYQThe Multidimensional Poverty Index (MPI) is measured by:
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Q214
PYQWhich one of the following items comprises the major portion of Revenue Expenditure in Budget 2025-26 of the Union Government of India?
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Q215
PYQIn which of the following years was the General Agreement on Tariffs and Trade (GATT) absorbed into the World Trade Organization (WTO)?
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Q216
PYQThe lower growth of coal production in India during 2011-2012 was primarily due to1. environmental restrictions2. non-availability of forestry clearance3. poor law and order situation in coal- producing States4. excessive rainfall in coal-mining areas Select the correct answer using the code given below.
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Q217
PYQThe Government of India and the Reserve Bank of India have decided to introduce 1 billion pieces of Rs. 10 notes in polymer/ plastic on a field trial basis. Which of the following is/are the objectives behind this move?1. Increase the lifetime of the notes2. Combating counterfeiting3. Reducing the cost of minting of currency Select the correct answer using the code given below :
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Q218
PYQIndian monetary policy includes the "Liquidity Adjustment Facility (LAF)". Which of the following tools is utilized under LAF?1. Repo Rate2. Reverse Repo Rate3. Bank Rate4. Cash Reserve Ratio Select the correct answer using the codes given below.
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Q219
PYQHow does partìcipatory budgeting seek to make the functioning of local governance institutions more transparent and accountable?1. By allowing citizens to deliberate and negotiate over the distribution of public resources2. By allowing citizens to play a direct role in deciding how and where resources should be spent3. By allowing historically excluded citizens with access to important decision-making venues Select the correct answer using the code given below.
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Q220
PYQShare of food in total consumption expenditure has been coming down as per capita income grew over time in last sixty years because
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Q221
PYQConsider the following statements: Statement I: Deficit financing does not lead to inflation if adopted in small doses. Statement II: Deficit financing is an often-used tool for financing budgetary deficits. Select the correct answer using the codes given below:
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Q222
PYQThe government can influence private sector expenditure by1. taxation2. subsidies3. macroeconomic policies4. grants Select the correct answer using the code given below.
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Q223
PYQWhich of the following is a measuring indicator of Human Development Index?
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Q224
PYQA recent survey (by Bloomberg) shows that the USA has fallen behind emerging markets in Brazil, China, and India as the preferred place to invest. Why is this so? . The unstable economic situation of the USA which the global investors feel not likely to improve in the near future. . Global investors are finding Brazil, China and India to be actually more amenable to foreign investment. Select the correct answer using the code given below :
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Q225
PYQWhich one of the following is not a component of the scheme Innovation in Science Pursuit for Inspired Research (INSPIRE)' launched by the Union of India?
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Q226
PYQWhich one of the following is not correct in the context of balance of payments of India during 2013-2014?
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Q227
PYQWhich one of the following continents accounts for the maximum share in exports from India?
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Q228
PYQThe Second Five Year Plan that called for the establishment of Socialist pattern of society was commonly referred to as the
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Q229
PYQDuring the Eleventh Five Year Plan (FYP), the agriculture sector in India witnessed a growth rate of per cent per annum which is higher than 2.4 per cent per annum in the previous FYP. This is largely due to better performance of:
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Q230
PYQWhich of the following statements about the Livestock sector in India is/are correct?1. Livestock contributed about 25 per cent of gross value added in agriculture2. It provides self employment to a large segment of population3. Rapid growth of livestock sector can be egalitarian and inclusive Select the correct answer using the code given below:
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Q231
PYQAs per the RBI guidelines, which one of the following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?
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Q232
PYQWhich of the following is/are not FDI policy change(s) after 2010 ?1. Permission of 100 percent FDI in automotive sector2. Permitting foreign airlines to make FDI up to 49 percent3. Permission of up to 51 percent FDI under the government approval route in multi-brand retailing, subject to specified conditions4. Amendment of policy on FDI in single-brand product retail trading for aligning with global practices Select the correct answer using the code given below :
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Q233
PYQWhich one of the following is not a target of the 12th Five-Year Plan?
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Q234
PYQWhich one of the following was set as a target of average growth of GDP of India over the plan period 2012-2017 by the Approach Paper to the Twelfth Five Year Plan?
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Q235
PYQIn its emphasis on enhancing human capabilities, which one among the following does NOT figure in the Twelfth Five-Year Plan ?
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Q236
PYQSurge pricing takes place when a service provider
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Q237
PYQThe Nehru-Mahalanobis Strategy of Development was implemented for the first time by which one of the following Five-Year Plans?
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Q238
PYQ'Seva Bhoj Yojana', a scheme of the Government of India that seeks to reimburse the Central share of CGST and IGST on Food/Prasad/Langar/Bhandara offered by religious institutions, is introduced recently by which one of the following Ministries?
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Q239
PYQThe principal component(s) of Nehru- Mahalanobis strategy of economic development was/were1. Restructuring economic dependency on metropolitan capitalism into independent economic development.2. Transition from semi-feudal agriculture to capitalist farming. Select the correct answer using the code given below :
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Q240
PYQThe call for Garibi Hatao was incorporated in
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Q241
PYQThe idea of Planning in Independent India was drawn from
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Q242
PYQWhich Five Year Plan of India focused on rapid industrialization based growth process?
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Q243
PYQPlan allocation in agriculture and irrigation as percentage of total plan outlay was highest in :
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Q244
PYQWho among the following is known as the architect of Indian planning?
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Q245
PYQWhich one of the following statements regarding the objectives of the Second Five- Year Plan is not correct?
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Q246
PYQWhich among the following is/are the objective(s) of setting up of Planning Commission in the 1950s in India?1. To increase production and offering opportunities to all for employment2. To make assessment of all resources of the country Select the answer using the code given below :
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Q247
PYQSocial theorists in the nineteenth and twentieth centuries emphasised the emergence of industrialisation, urbanisation, secularisation and bureaucratisation as hallmarks of:
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Q248
PYQBefore the inception of the First Five year Plan, which among the following Plans were initiated in India?1. Bombay Plan2. Peoples Plan3. Sarvodaya Plan4. Gandhian Plan Select the answer using the code given below :
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Q249
PYQWhich among the following statements with regard to Five Year Plans in India is/are correct?1. The First and Ninth five year plans accorded high priority to agriculture2. The Third Plan was based on the Harrod- Domar Model3. Seventh Plan focused on food, work and productivity4. The Ninth five year plan emphasized on massive investments in public sector Select the answer using the code given below :
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Q250
PYQWhich of the following were the years of Annual Plans?
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Q251
PYQUnder which one of the following initiatives does the NITI Aayog support interested States to establish a State Institution for Transformation (SIT) ?
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Q252
PYQEthereum, Tether, Solana and Cardano are all forms of
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Q253
PYQWith which of the following was the Bretton Woods System NOT associated
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Q254
PYQWhich one among the following plans is also known as Mahalanobis Plan?
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Q255
PYQConsider the following statements : I. The Second Five-Year Plan sought to promote development which would establish socialistic pattern of society in India. II. Between 1966 and 1969, three Annual Plans were formulated. III. The Ninth Five-Year Plan could not take off at its stipulated time in the 60th year of India's Independence. Which of the statements given above are correct?
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Q256
PYQConsider the following statements relating to planning in India :1. In the year 1938, the National Planning Committee was set up in India under the chairmanship of Jawaharlal Nehru.2. The Bombay Plan was prepared by the Indian industrialists.3. Acharya Kripalini prepared the Gandhian Plan. Which of the statements given above is/are correct?
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Q257
PYQ‘Inside trading’ is related to?
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Q258
PYQWhich term in economics is a broad measurement of a nation’s overall economic activity. It is the monetary value of all the finished goods and service produced with a country’s border in a specific time period.
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Q259
PYQThe system of issuing and monitoring of money in the market is known as:
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Q260
PYQConvertibility of rupee implies
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Q261
PYQIn banking sector, C stands in CBS for ?
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Q262
PYQFiscal policy is connected with
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