CSP 2015 Indian Economy Test 4 dated. 15.1.2015
Dear Friends,
The time is running out of our hands.
But, maintain calm and focus completely on your job. Give more time for
strengthening what you know and dedicate sometime for learning un-covered areas
if any left out. Read the glossary of words or terminology given in Economic
Survey Vol, I and II, and get clarity on the terms and related Economy
syllabus. It is very easy to score in Economics as only basics and current
related Economic questions are being asked in CSP. I have tried to cover
maximum relevant questions from Economic Survey, India Year Book and based on
the issues appeared in the other newspapers like Business Standard and Business
Line. Hope, you may benefit from this.
Coming to the pending tests in our
series, the Economics test 3 and 5 would be covered in the first week of July;
Geography 4 and 5th would be covered by 20th of July and
the Ecology and Science and Technology by 5th of August, or if
possible before the end of July. Current Affairs are mostly covered in the
respective or relevant subjects. Hence no separate test for CA would be
conducted.
Best of luck…
Yours
friendly,
B.
YADAGIRI, IRS.,
*****
Instructions
1.
Attempt all 101 questions.
2.
All questions carry equal marks
3.
Maximum marks:202
4.
Time allowed: As per UPSC allows
5.
Negative marking as per UPSC rules
*****
1. Consider the
following methods of GDP calculation
1. GDP at factor cost
2. GDP at market prices
3. GDP at basic prices
Arrange the values of
GDP calculated by above means from lower value to higher value.
a.
1,
3 and 2 b. 1, 2 and 3 c. 3. 2 and 2 d. 1, 3 and 2
2. Consider the
following statements
1. The CSO has changed base year for
calculating GDP from 2004-05 to 2011-12
2. The items for arriving at GDP has
changed from GDP at factor cost to GDP at
market prices
3. The revision of base year is done
once in 4-5 years to bring the incomes to near to
reality.
Which of the above
statements are true?
a.
1
and 2 b. 1 and 3 c. 2 and 3 d. 1, 2 and 3
3. The “base year” is
fixed for calculating GDP at constant prices to offset the inflationary effect
in the prices of goods, so that real income can be determined. What if the
“base year” for current estimation of GDP in India?
a. 2004-05 b. 2009-10 c. 2010-11 d. 2011-12
4. In the case of
estimation of GDP at market prices, which of the following statements is NOT
correct?
a. It includes all value of goods and services
at market prices
b. It includes the indirect taxes
c. It doesn’t includes subsidies
d. It includes the direct taxes
5. During January, 2015,
the CSO has changed estimation of national income at market prices. What is the effect of this on the Fiscal
Deficit [FD] of the Country?
a. The FD will go up, so that Govt.
may not adhere to the target fixed
b. The FD will go down, so that Govt.
may adhere to the target fixed
c. The FD target set by the Govt.
would be go up in quantitative terms
d. None of the above
6. The GOI has kept FD
target of 4.1% of the GDP for the fiscal 2014-15 and several measures are taken
to maintain the said target. In this connection, consider the following statements
1. If the FD is more, the government
borrowing crowds out the private investment in
India
2. If the FD is less or within
limits, it would attract huge FDI and FII inflows into India
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
7. Which of the
following statement is NOT true on the Goods and Services Tax [GST] as per the
latest bill introduced in the Parliament?
a. GST would levied by both Centre
and States
b. It is a destination based tax,
i.e., tax is accrued to state where goods or services
are consumed.
c. It is an origin based tax, i.e.,
tax is accrued to states where the goods are sold
d. All of the above are correct
8. Consider the following statements
1. Direct taxes are progressive in nature
as they are levied on them in proportion to their
Income earned
2. In-direct taxes are considered as
regressive as they tax all consumers/people equally,
irrespective of their economic status
Which of the above
statements are correct?
b.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
9. Consider the
following statements
1. The Centre and states are levying
service tax at present and the same are going to be
subsumed into Central GST and state
GST respectively.
2. The export duties are also subsumed
into the GST in the bill passed by Lok Sabha.
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
10. Consider the following statements
1. Simplification of indirect tax
administration
2. Extraction of better tax
compliance
3. Prevention of cascading effect
of taxes
4. Reduction in GDP
Which of the above
is/are effects of implementation of GST in India?
a.
1
and 2 only b. 1 and 3 only c. 1, 2 and 3 only
d. 1, 2, 3 and 4
11. Consider the
following statements
1. Reduction of fiscal autonomy of
the states to some extent
2. States may lose right to exempt
certain products of local importance from VAT.
3. Burden the low income groups as
they spend much of their earnings for
consumption
Which of the above
is/are effects of implementation of GST in India?
a.
1
and 2 only b. 1 and 3 only c. 2 and 3 only d. 1, 2 and 3
12. The Lok Sabha has
passed 122nd Constitution amendment bill, 2014 or GST bill in short
for reforming the indirect tax administration in India and the same is under
the examination of select committee of Rajya Sabha now..
In this context,
consider the following statements
1. The Centre will implement the
Central GST
2. The States would administer the
state GST
3. The rates for central GST are
fixed by Centre and rates for state GST are fixed by the
respective states
Which of the above
statements are correct as per the GST bill?
a. 1 and 2 only b. 1 and 3 only c. 2 and 3 only d. 1, 2 and 3
13. Consider the following statements
1. The Direct taxes contribute more
than 50% of the tax revenue in India
2. The percentage of direct taxes
in the total tax revenue of a country determines its
Level of development
3. In developed countries, the
indirect tax revenue is more than that of direct taxes
Which of the above
statements are true?
a. 1 and 2 only b. 1 and 3 only c. 2 and 3 only d. 1, 2 and 3
14. Consider the following statements
1. The GST bill has to be passed by
the Parliament by special majority
2. The said bill has to be passed
by not less than 50% of the states with special
majority
3. The said bill has to be passed
by not less than 50% of the states with simple
majority
Which of the above
statements are true?
a. 1 and 2 only b. 1 and 3 only c. 2 and 3 only d. 1, 2 and 3
15. Which of the
following is NOT a way for achieving the Fiscal Deficit targets set by the
Government for itself?
a. Raising the new taxes
b. Cutting the public expenditure
c. By enhancing the subsidies
d. By selling natural resources such
as spectrum or by disinvestment
16. Which of the
following global organizations is responsible for release of “Global Economic
Prospects Report”?
a. World Trade Organisation b. World Bank
c. International Monetary Fund d. UNCTAD
17. Which of the
following types of taxes indicate the picking up or slowdown of the
manufacturing sector in India?
a. Direct taxes b. Indirect
taxes levied by Centre
c. Excise duty only d. Customs and
Service taxes only
18. Consider the
following statements
1. Fiscal Deficit [FD] figure is always
bigger than the Revenue Deficit [RD]
2. Effective Revenue Deficit [ERD] is
always more than the Revenue Deficit
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
19. Consider the
following Union Taxes
1. Corporate tax
2. Service tax
3. Income tax
4. Union Excise duty
Arrange the above Union
taxes in ascending order of their collections during the fiscal 2014-15.
a.
4,
2, 3 and 1 b. 4, 3, 2 and
1 c. 1, 3, 2 and 4 d. 4, 3, 2 and 1
20. Consider the
following pairs
|
|
Nature
of receipt to GOI
|
Description
|
|
1
|
Direct taxes
|
Service Tax
|
|
2
|
Indirect taxes
|
Personal Income Tax
|
|
3
|
Non-debt capital
receipts
|
Recovery of loans
|
|
4.
|
Capital receipts
|
Funds raised from PPF
& Small Savings
|
Which of the above pairs are correctly
matched?
a. 1, 3 and 4 b. 2, 3 and 4 c. 1, 2 and 3 d. 3 and 4 only
21. Which of the following options
describes the tax buoyancy correctly?
a. Rise in tax collections proportionately more than the growth in the
GDP
b. Collection of taxes as per the targets set
c. Fall in the tax collections vis-à-vis the growth in the national
income
d. Net positive tax collections vis-à-vis actual collections over the
previous year
22.
Goods produced in the factory are leaving for distribution or being shifted to
do-down. What is the tax payable at this stage of movement of goods from the
factory or manufacturing place?
a. Union Excise duty [UED]
b. Customs Duty
c. State Excise Duty
d. Service Tax
23.
When you pay fees at any coaching centre for civil services/bank or pay food
bill at hotels, which of the following tax would be paid along with the fees or
bill?
a. Income tax b. Service tax c. Customs duty d. corporate tax
24.
You have visited Hotel Taj at Mumbai and paid a bill there. In this connection,
which of the following taxes, you must NOT have paid there?
a. Sales tax b. Service tax c. Excise duty d. Luxury tax
25.
Consider the following receipts of the GOI
1. Various taxes or tax revenue
2. Interest and dividend received on
government investment
3. Receipts for the services rendered
by the Government
4. PPF proceeds used by the Government
Which
of the above are Revenue receipts of the country?
a.
1 and 2 only b. 1, 2 and 3 only
c. 1, 2, 3 and 4 d. 2, 3 and
4 only
26. Consider the
following receipts of the GOI
1. Withdrawals from PPF, Small Savings Instruments, Post
offices and banks
2. Loans obtained from RBI and from abroad
3. Proceeds of disinvestment
4. Recovery of Loans
Which
of the above are Capital receipts of the country?
a.
1 and 2 only
b. 1, 2 and 3
only c. 1, 2, 3 and 4 d. 2, 3 and 4 only
27. Consider the following receipts
1. Public Provident Fund deposits
2. National Saving Certificate deposits
3. Kisan Vikas Patras
4. Interest earned by the Government
on its investment
Which of the above represents the
capital receipts of the Central Government?
a. All of them b. 2, 3 and 4 c. 1, 3 and 4 d. 1, 2 and 3 only
28. Broadening of the tax base means
a. Increase in the number of tax
payers paying more than Rs.10 lakh income
b. Increase in the number of people
paying taxes from non-payers category
c. Helping the people to cross poverty
line
d. None of the above
29. Consider the following expenditure
1. Repayment of loans
2. Expenditure on construction of a
factory
3. Subsidies
4. Soft loan given to take care of
sugar industries in UP
Which of the above head fall under
revenue expenditure of the GOI?
a.
1,
2 and 4 b. 1, 2 and 3 c. 1 and 3 only
d. Only 3
30. Consider the following pairs
|
|
Situation
|
Type
of deficit
|
|
1
|
GOIs
actual net receipts is lower than the projected receipts
|
Fiscal Deficit
|
|
2
|
Total expenditure of
the GOI goes beyond the receipts necessitating borrowings
|
Revenue Deficit
|
|
3
|
The interest payments
are excluded from the Fiscal Deficit
|
Primary Deficit
|
Which of the above pairs are correctly
matched?
a. Only 1 b. Only
2 c. Both 1 and 3 d. Only
3
31. Consider the following statements
1. GOI has constituted Expenditure Management Commission under the
chairmanship
of Biman Jalan, former Governor, RBI as
announced in Budget, 2014-15.
2. The
primary responsibility of the commission is to suggest major expenditure
reforms that
will enable the GOI to reduce and manage its
Fiscal Deficit at more sustainable
levels.
3. The
commission is mandated to evaluate proposals for reducing the three major
Subsidies, i.e. food, fertilizer and oil.
4. The
Commission is also mandated to suggest measures of augmenting resources for
fighting
climate change in India
Which of the above statements are true?
a.
1
and 2 only b. 1, 2 and 3 only
c. All of them d. 1, 2 and 4
only
32. Consider the following statements
1. India’s share in world imports and exports, in percentage terms, has
reduced during the
period 2004-05 to 2013-14
2. The shares of India’s exports to Asia and Africa have increased
during 2004-05 to 2013-
14 and decreased to Europe and
America during the same time
3. India has both trade deficit and current account deficit in its
Balance of Payment account
Which of the above
statements are correct?
a.
1
and 2 b. 2 and 3 c.
1, 2 and 3 d. 1 and
3
33. Consider the following
1. Increase in government spending
2. Raising or lowering of tax rates
3. Encouraging private investment by
providing tax incentives
4. Measures to control inflation
Which of the above
measures are related to fiscal policy of a Government?
a.
1
and 2 only b. 1, 2 and 3 only
c. All of them d. 1, 2 and 4
only
34. Consider the following items of
external sector
1. Exports of merchandise and services
2. Imports of merchandise and services
3. Remittances by the Non-Resident
Indians
4. Overseas investment made by Indians
Which of the above items have bearing
on the Current Account Deficit, CAD?
a.
1 and 2 only
b. 1, 2 and 3 only c. 1, 2, 3 and 4 d. 2, 3 and 4 only
35. Consider the following statements
1. The contribution of agriculture and allied sectors to India’s GDP is
just 15%
2. In spite of services having high share in India’s income [72 % of GDP
in India in 2014-
15], but has low share in employment
in India
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
36. Consider the following items
1. Interest receipts
2. Proceeds of disinvestment
3. Dividends
4. Recovery of loans
Which of the above items represent
non-tax revenue for the GOI?
a.
1
and 2 b. 2 and 3 c.
1, 2 and 3 d. 1
and 3
37. Consider the following statements
1. Mostly the plan expenditure is capital in nature
2. The non-plan is totally revenue expenditure
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
38. Consider the following measures of
the GOI
1. Rationalization of food and
fertilizer subsidies
2. De-regulation of diesel prices
3. Direct benefit transfer [DBT] of
subsidies on LPG to domestic consumers
Which of the above measures would reduce the
burden of Fiscal Deficit?
a.
1
and 2 b. 2 and 3 c.
1, 2 and 3 d. 1
and 3
39. Which of the following statements
is NOT correct with regard to Pump priming?
a. It means pumping money into the economy by decreasing taxation and
increasing
Government
spending to stimulate
growth
b. It is a combination of both fiscal
and monetary policies
c. It is generally done when economy slows
down or during recessionary trends
d. It has a potential to increase
employment and raise consumer demand
40. What is the meaning of the term ‘Laissez Faire' in Economics?
a. Free
market economy without the intervention / involvement of Government
b. Economy
with limited Government intervention
c. It is an
economy where minimum wages, duties and certain trade restrictions are put in
place to
take of the labour.
d. None of
the above
41. Consider the following classes of people
1. Government servants of Union who
joined service after 1.1.2004
2. Employees of un-organized sector
3. Citizens of India who are not
covered in any pension scheme or PPF
Which of the above classes of people
are eligible for National Pension Scheme [NPS] or Contributory Pension Scheme of
GOI?
a.
1
and 2 b. 2 and 3 c.
1, 2 and 3 d. 1
and 3
42. Which of the following
global organizations is responsible for release of “World Economic Outlook”?
a. World Trade Organisation b. World Bank
c. International Monetary Fund d. UNCTAD
43.
Consider the following statements on anti-dumping measures
1. The complaint filed by the
domestic industry before Director General of Anti-dumping
and Allied Duties [DGAD] is the
starting point for taking anti-dumping measures
2. The DGAD conducts investigations
and recommends imposition of anti-dumping
duties to the Department of Revenue.
3. The Department of Revenue may
impose provisional or definitive duties on the
recommendations of the DGAD.
4. Raising the anti-dumping duties is
not allowed under WTO rules
Which of the above statements are
correct?
a.
1 and 2 only
b. 1, 2 and 3 only c. 1, 2, 3 and 4 d. 2, 3 and 4 only
44. The Trade Facilitation Agreement
[TFA] which was initiated at 9th Ministerial Conference of WTO at
Bali in December, 2013 has come into force, after the Peace clause related to
agricultural subsidies in developing countries was extended indefinitely or
till the permanent solution is found for the issue.
In this connection, consider the
following statements
1. Greater transparency and
simplification of customs procedures
2. Use of electronic payments and risk
management techniques
3. Faster clearances at Ports
4. Subsidies related to procurement and
holding of public stocks for food security
Which of the above issues are parts of
TFA as entered by the WTO members?
a.
1
and 2 only b. 1, 2 and 3 only
c. 1, 2, 3 and 4 d. 2, 3 and
4 only
45. Consider the following
1. Foreign Direct Investment [FDI]
and Foreign Portfolio Investments [FPI]
2. External Commercial Borrowings
[ECBs]
3. Special Drawing Rights [SDRs]
4. NRI deposits
Which of the above create debt obligation to Union
Government of India?
a.
1 and 2 only
b. 1, 2 and 3 only c. 1, 2, 3 and 4 d. 2, 3 and 4 only
46. Consider the following statements
1. The foreign exchange reserves in
India are maintained by RBI
2. The foreign exchange reserves are
part of capital account of GOI
3. The quantum of foreign exchange
reserves in India and China are almost same
Which of the above statements are
true?
a.
1
and 2 b. 2 and 3 c. 1, 2 and 3 d. 1 and 3
47. Consider the following statements
1. The core sectors in India are
Cement, Coal, Crude, Electricity, Fertilizers, Natural
gas, Refinery products and steel.
2. The core sectors have 38 percent
weightage in IIP
3. IIP date give the performance by
the all the industrial sectors on monthly/quarterly
basis with a time lag of 40 days.
Which of the above statements are
true?
a.
1
and 2 b. 2 and 3 c. 1, 2 and 3 d. 1 and 3
48. What is the “Plant Load Factor”,
PLF in electricity generation?
a. It is a measure of efficiency of
thermal power stations
b. It indicates the quality of coal
used in power stations
c. PLF indicate quality of electricity
produced
d. None of the above
49. Consider the following sources of
Petroleum products and Natural gas in India
1. Petroleum and natural gas produced
in India
2. Petroleum and natural gas produced
by Indian PSUs/companies or concerns
abroad
3. Imports of POL [Petroleum, oil and
Lubricants] products
Which of the above sources are used
for meeting POL products/energy requirements in India?
a.
All
of them b. 2 and 3 c. 1 and 2 d. 1 and 3
50. Consider the
following statements
1. India has started commercial
production of coal bed methane [CBM]
2. Shale oil and gas exploration on
trial basis has been begun in India by ONGC Ltd.
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
51. The GOI has cancelled old allocations of
coal blocks and e-auctioned them recently. In this context, consider the
following statements
1. At present, the entire domestic
coal is produced by Coal India Ltd. [CIL]
2. Part of the coal requirement in
India is met by imports from Indonesia, Malaysia etc.
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
52. Consider the
following statements
1. Carbon tax/green energy cess is
levied on the non-combustion energy sources
such as wind, Solar, hydropower and
nuclear.
2.
It is a pigovian tax
3. It is indirect tax and thus
regressive in nature.
Which of the above statements are true?
a.
All
of them b. 2 and 3 c. 1 and 2 d. 1 and 3
53. Consider the following statements
1. The raise of excise duty on petrol
and diesel is “implicit carbon tax” meant for promoting Green
energy and reduction in use of fossil fuels in India.
2. The recent slump in oil prices at world level has been mostly passed
on to the
customers
in India
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
54. Consider the following statements
1. Unlike, IBRD or World Bank and IMF,
WTO is not an agency of United Nations
2. The highest policy making body in
WTO is its biannual “Ministerial Conference”
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
55. Which of the following is NOT a
duty of WTO?
a. To facilitate implementation of
multilateral and bilateral agreements of world trade
b. To ensure optimum use of resources
and to protect environment
c. To act as a platform for member
countries to decide future strategies on trade and
tariff
d. To promote international trade with
a view to accelerate economic development
of under-developed countries
56. Consider the following statements
on UNCTAD
1. It’s main aim is to promote international
trade with a view to accelerate economic
development of under-developed
countries
2. It is one of the permanent agency
of UNO, but its membership is optional
3. In UNCTAD, the members have single
vote irrespective of their economic strength.
Which of the above
statements are true?
a.
1,
2 and 3 b. 2 and 3 c. 1
and 2 d. 1 and 3
57. Consider the following statements
1. The main aim of Asian Development
Bank, ADB, is to accelerate economic and social development in Asia and Pacific
region.
2. The chairmanship of the bank
rotates among the members on a rotation basis
3. Unlike, Brettonwood twins, IMF and
World Bank, ADB give equal voting rights among the members
Which of the above
statements are true?
a.
1
and 3 b. 2 and 3 c. Only
1 d. Only
3
58. Consider the
following statements
1. The members of the Organization of
the Petroleum Exporting Countries [OPEC] have been drawn from Asia, Africa and
South America only
2. The largest producer of oil and
natural gas (combined) in the world is not member of
OPEC
3. Its main objective is to control
production and price of petroleum so as to safeguard the interests of petroleum exporting
countries
Which of the above statements are true?
a.
1,
2 and 3 b. 2 and 3 c. 1 and 2 d. 1 and 3
59. Consider the following statements
1. Regional Comprehensive Economic
Partnership (RCEP) is a proposed Free
Trade
Agreement among the 10 ASEAN
countries and 6 Nations which have FTA with ASEAN Countries
2. The Trans Pacific Partnership is a proposed
FTA among 12 countries in the Asia Pacific Region
3. China and India are part of the
both of the above proposed free trade agreements at
present
Which of the above statements are
true?
a. 1, 2 and 3 b. 2
and 3 c.
1 and 2 d. 1 and 3
60. Consider the
following statements
1. G7 is grouping of world's 7 major
industrial democracies in the world with a basic aim of fine tuning of short term economic
policies among participant countries and to monitor developments in the world economy
and assess economic policies
2. G-7 in its latest meeting at Germany
has called for an end to the use of fossil fuels, a
key contributor to global warming
by 2100
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
61. The term Mercosur is an association of 5 countries
in a continent with a basic purpose of promoting free
trade and the fluid movement of goods, people, and currency.
Identify the continent?
a. Africa b. Asia c. Europe d. South America
62. Consider the following statements
1. The 7th Pay Commission
is a statutory body
2. It recommends pay structure w. e. f
1.1.2016 for all Central Govt. employees including
Defense forces and Railways
3. It will work under the Ministry of
Finance
Which of the above statements are
true?
a. 1, 2 and 3 b. 2 and 3 c. 1 and 2 d. 1 and 3
63. Consider the following items
1. American or Global Depository
Receipts [ADR/GDR]
2. Trade credits
3. Investment made by P-Notes through
FIIs in Indian stock markets
Which of the above create debt obligation to
Union Government of India?
a.
1
and 2 only b.
1, 2 and 3 only c. 1and 3 d. 2 and 3 only
64. Consider the following items
1. Debt/equity investment in India by foreign companies
2. Remittances by the Indians living in
Gulf countries
3. Loans obtained by India and NRI deposits [banking capital]
Which of the above items fall under capital
account of India?
a.
1
and 2 only b. 1, 2 and 3 only
c. 1 and 3 d. 2 and 3 only
65. Consider the following
statements
1. Foreign currency assets [FCAs]
2. Gold reserves of RBI
3. Special Drawing Rights [SDRs]
4. Reserve tranche position [RTP]
with IMF
Which of the above represent the
Foreign Exchange reserves of India?
a.
1 and 2 only
b. 1, 3 and 4 only c. 1, 2, 3 and 4 d. 1 and 3 only
66. Consider the following
statements
1. The forex reserves are shown as
reserve assets in the capital account of the BOP
2. The forex reserves are shown as
separate assets by RBI outside the BOP account Which of the above statements are
correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
67. Consider the following items
of expenditure
1. Interest payments
2. Subsidies
3. Grants to third world or other
countries
4. Expenditure on running the various
Departments
Which of the above constitute
non-plan revenue expenditure of the GOI?
a.
All
of them b. 1, 2 and 3 only
c. 2, 3 and 4 d. 1 and 3
only
68. Consider the following items of
expenditure
1. Defense expenditure
2. Loans to Public enterprises or PSUs
3. Loans to state governments / UTs / foreign Governments
Which of the above constitute non-plan capital
expenditure of the GOI?
a.
1, 2 and 3 b. 1 and 3 only
c. 2 and 3
d. 1 and 2 only
69. Consider the following items
1.
Expenditure on electricity generation and Construction of roads, bridges and
canals
2. Centrally
sponsored schemes
3.
Construction of roads, bridges and canals
4. Expenditure
on power generation both renewal and non-renewal sources
Which of the above constitute
plan(ned) expenditure of the GOI?
a.
All of them b. 1, 2 and 3 only
c. 2, 3 and 4 d. 1
and 3 only
70. During certain months, prices of certain items such
as onion, meat or fish skyrocket and go beyond the consumption limits of poor
and marginalized sections of the society. The CPI based inflation figures
published by Bureau of Labor
Statistics without taking the volatility in such consumables is described as
a. Core inflation b.
Head/top line inflation
c. Hyper inflation d.
Galloping inflation
71. Consider the following
crops
1. Cereals
2. Oil seeds and Pulses
3. Fruits and vegetables
4. Raw jute and Copra
To which of the above
agricultural produce, the Minimum Support Price [MSP] is announced at national
level?
a.
All
of them b. 1, 2 and 4 only
c. 2, 3 and 4 d. 1, 2 and 3 only
72. Consider the following pairs
|
|
Name of the
committee
|
Mandate
|
|
1
|
Nachiket
Mor Committee
|
Restructuring
of NBFCs
|
|
2
|
Usha
Thorat committee
|
Restructuring
of national food security act, Mid-day meal and other food distribution
schemes
|
|
3
|
Shanta
Kumar committee
|
Granting
of bank licenses
|
Which of the above are correctly matched?
a.
1, 2 and 3 b. 1 and 3 only c. 2 and 3 d. None
73. Consider the following recommendations of
Shantaram Committee?
1. Hand over the procurement task of
FCI to States which are experienced and good at it
2. Dilute the National Food Security Act [NFSA]
scope and coverage of people from 67% to 40 percent
3. Defer implementation of NFSA in states that have not done
end to end computerization
4. The stocking capacity of FCI shall
be increased to accommodate fresh stocks of food grains
Which of the above
recommendations are made by Shantaram committe?
a.
All
of them b. 1, 2 and 4 only
c. 2, 3 and 4 d. 1, 2 and 3 only
74. Consider the following
organization/schemes
1. Food Corporation of India, FCI
2. Target PDS system
3. National Food security Act
4. Nutrient Based subsidy (NBS)
Arrange
the establishment/starting of the above in a chronological order?
a.
1, 2, 3
and 4 b. 4, 3, 2 and
1 c. 1, 3, 2 and 4 d. 1, 2, 4 and 3
75. Consider the following
1.
FCI
2.
Minimum support prices to farmers
3.
Urea and other fertilizer policies
and their subsidization
Which of the above are controlled or
comes under the purview of Ministry of Agriculture?
a. 1 and 2 only b. 2 and 3 only c. 1 and 3 only d. All of them
76. Consider
the following recommendations
1. Farmers are given subsidy on per
hectare basis.
2. The MSP policy and trade policy shall
go hand in hand, so that so that their landed costs of pulses and oilseeds shall not be
less than MSP
3. Cash transfer should be made in the Jan-dhan
account of the male head/patriarch of the family
Which of the above
recommendations are made by Shantaram committee?
a. 1 and 2 only b. 2 and 3 only c. 1 and 3 only d. All of them
77. Shanta
Kumar Committee on FCI restructuring has recommended building “Strategic”
reserve of foodgrains. Under which
a.
5MMT grains to be stored in physical
form
b.
5MMT grains-equivalent to be stored
in forex currency form
c.
Both a and b
d.
Neither a nor b
78. The term Baltic dry index is related to
a. Measures changes in
the cost to transport raw materials such as metals, grains
and fossil fuels by sea.
b. Measures changes in
the cost to transport raw materials such as metals, grains and
fossil fuels by land route
c. Combined Index of the stock
exchange indices in the Baltic countries of Europe
d. Index indicating the fluctuation in
the raw materials all over the world
79. Which of the following options describes the Minimum
Alternate Tax [MAT] correctly?
a. It is a
direct tax payable by tax payers if their tax becomes nil or low via-a-vis
the tax
payable before claiming deductions, exemptions etc.
b. It is
minimum tax payable whether the company or firm makes profit or not
c. It is a
tax payable on transactions dealt on stock exchanges
d. It is
the tax payable by Foreign Portfolio Investors only
80. What
is the chief objective of National AYUSH Mission (NAM)?
a. To provide free medicines to the
poor and marginalized sections of the society
b. Promotion of cost effective
Ayurveda, Siddha, Unani and Homeopathy medical
systems to people through the
participation of states and UTs
c. To promote Yoga to international
level as a gift of India to the world
d. Free supply of AYUSH products
through automated medicines dispensaries
81. Consider the following statements
1. The AIIB is a Chinese backed
multilateral credit organization with authorized capital of
$100 billions
2. It is going to fund
infrastructure projects in Asia-Pacific region
3. The membership in the
institution is restricted to Asia only
4. The United Nations, along with
USA, Japan and South Korea rejected it as
un-sustainable
Which of the above
statements are true?
a.
Only
1 b. 1 and 4 c. 2 and 4 d. 1 and 3
82. Consider the following ports in
India and Bangladesh
1. SAARC is one of the least
integrated regional blocks in the world with just 5% of its trade is among the members
2. Multilateral Motor Vehicle
Agreement [MVA] among Bangladesh, Bhutan, India & Nepal [BBIN] meant for free
movement of people and goods across the borders
would improve the
connectivity in the region.
3. Before this agreement, there
was no movement of Indian goods across these
Nations and their ports
Which of the above statements are
correct?
a. 1and 2 b. 1, 2 and 3 c.
1 and 3 d. 2 and 3
83. Consider the following conditions
1. A minimum population of 5000
2. At least 75% of the working male
population engaged in non-agricultural pursuits
3. Population is density is not less
than 400 per square KM
4. Literacy among the residents
would be not less than 75%
Which of the above conditions are to
be fulfilled to recognize some town as “Census town” in India?
a. 1, 2, 3 and 4 b. 1, 2 and 3 c. 1, 3 and 4 d. 1, 2 and 4
84.
The shares of benefit reserved under MGNREGA for SCs and STs and Women are 23,
17 and 53 % respectively. Which of the following terms correctly describes this
proposition?
a. Gender budgeting
b. Social budgeting
c. Both Gender and social budgeting
d. Both Gender and social budgeting
85. Consider the following statements
1. The Programme for International Student Assessment (PISA)
is the project of
Organization for Economic Co-operation and Development [OECD]
2. The basic
objective of PISA is to test the problem solving capabilities of 15 year
old
students by in reading, Mathematics and Science, across the world
3. Students
from India has scored top ranks in their assessment
Which of the above statements are
true?
a. 1 and 2 only b. 2 and 3 only c. 1 and 3 only d. All of them
86. Consider the following statements
1. The enrollment of students in Indian primary and upper
primary sections, has gone up in
private schools during the period 2005 to 20013
2. During the
period, 2007-08 to 2013-14, enrollment in Government runs primary and
upper
primary schools has declined by 11.7 million in India
3. The trends
appear to be due to withdrawal of SSA from rural areas
Which of the above statements are
true?
a. 1 and 2 only b. 2 and 3 only c. 1 and 3 only d. All of them
87. Consider the following
statements
1.
The Labour Bureau Report, 2014 has
states that the current size of formal skilled labour force in India is just 2%
2.
The Deen Dayal Upadhyaya Grameen
Koushalya Yojana [DDU-GKY] is a placement –linked skill development scheme
meant for the poor rural youth
Which of the above statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
88. Consider the following pairs
|
|
Scheme meant for minorities
|
Purpose
|
|
1
|
Nai Manjil
|
Education and skill development of drop outs
|
|
2
|
USTTAD
|
Capacity building of traditional artisans and craftsmen
|
|
3
|
Nai Roshni
|
Leadership training for women
|
|
4
|
MANAS
|
Upgrading the entrepreneurial skills of minority youth
|
Which of the above pairs are correctly
matched?
a. 1, 2, 3 and 4 b. 1, 2 and 3 c. 1, 3 and 4 d. 1, 2 and 4
89. Which of the following pairs are correctly matched?
|
|
Committee
|
Issue
|
|
1
|
Tendulkar committee
|
Poverty estimates
|
|
2
|
KC Chakrabarthy
|
Recapitalization of RRBs
|
|
3
|
Shah Commission
|
Applicability of MAT to FPIs and others
|
Which of the above pairs are correctly
matched?
a. 1and 2 b. 1, 2 and 3 c.
1 and 3 d. 2 and 3
90. Consider the following pairs
|
|
Scheme/Mission
|
Implementing
Ministry
|
|
1
|
National AYUSH Mission
|
Ministry of Health and Family Welfare
|
|
2
|
Skill India Mission
|
Ministry of Skill Development and Entrepreneurship
|
|
3
|
Swachh Bharat Mission
|
Ministry of Urban Development and
Ministry of Drinking Water and Sanitation
|
Which of the above pairs are correctly
matched?
a. 1and 2 b. 1, 2 and 3 c.
1 and 3 d. 2 and 3
91. The first International Yoga Day has been celebrated
on 21st June, 2015 and the particular date was suggested by the PM of India and
the same was accepted by the United Nations General Assembly. The reason for
selection of the said date is….
a. June
21st is the longest day in Northern Hemisphere
b. It is
an auspicious day for the entire world
c. It is
the birth day of Indian Prime Minister, Mr. Narendra Modi
d. The
Adi Yogi, Lord Shiva was considered to have taught yoga to mankind on
this
day
92. Consider the following statements
1. UDAAN
is special initiative for promoting industry in Jammu and Kashmir
2. It is
nature of partnership between Indian Inc. [Corporates
of India] and Ministry of
Home Affairs and implemented by National Skill Development Corporation
[NSDC].
3.
The programme aims to provide skills training and enhance the
employability of unemployed youth of J&K.
Which of the above
statements are true with regard to UDAAN?
a. 1and 2 b. 1, 2 and 3 c. 1 and 3 d. 2 and 3
93. Consider the
following statements
1. The UNICEF launched WASH [Global
Water, Sanitation and Hygiene for all]
Campaign, in implementation of Millennium
Development Goals [MDGs] which
are supposed to be achieved by
2015
2. The chief
objective of WASH is to create awareness on the necessity of safe and
Sustainable drinking water and sanitation
or functional toilets to all people
3. The MDGs related to safe
drinking water and sanitation has been achieved across the
world
Which of the above
statements are correct?
a. 1and 2 b. 1, 2 and 3 c. 1 and 3 d. 2 and 3
94. Which of the
following statements is NOT with regard to the Convention on the Elimination of
All Forms of Discrimination against Women [CEDAW]?
a. It is otherwise described as
“International bill of women rights” and it defines
discrimination against women and
sets agenda for national action to end violations
against the fairer sex.
b.
India
is a signatory to the convention
c.
CEDAW
affirms the women’s reproductive rights, including the right to determine the number
of children, spacing and equal access to family planning
d.
It
bans the sterilization of women [tubectomy] and call for vasectomy instead.
95. Which of the
following statements is true with regard to “Van Bandhu Kalyan Yojana” [VKY]?
a. VKY is meant for welfare of Tribal people and particularly to lift
human development
Indices of tribal people.
b. The Union
Government will provide 10 crore rupees for each block from 10 states and
the blocks are selected on the recommendations
of the concerned States
c. This scheme has been implemented
in all states, including those with scheduled
areas
d. The scheme mainly focuses on
bridging infrastructural gaps and gap in human
Development indices between
Schedule tribes and other social groups
96. Consider the following statements
1. By 2020, India would be the
youngest nation in the world with average age of 29
2. The Indian states with projected
people’s age more than 29 are Meghalaya,
Arunachal Pradesh and Uttar
Pradesh
3. The Indian states with projected peoples
age less than 29 are Kerala, Tamil Nadu,
and
Himachal Pradesh
Which of the above statements are true?
a. Only 2 b. 1, 2 and 3 c. Only 1 d. 2 and 3
97. Consider the following statements
1. The spending on social sectors in
India in absolute terms has been going down for the
past 5 years
2. The social expenditure as a
percentage of GDP has been steadily growing in India
since 2009-10
Which of the above
statements are correct?
a.
Only
1 b. Only 2 c. Both 1 and 2 d. Neither 1 nor 2
98. Consider the
following parameters
1. Fiscal Deficit
2. Current Account Deficit
3. Quantum of proceeds of
disinvestment
4. Inflation
Which of the above
parameters are used while making “Macro Vulnerability Index” [MVI]?
a. 1, 2, 3 and 4 b. 1, 2 and 4 c. 1, 3 and 4 d. 1, 2 and 3
99. Consider the subsidies given on the following items in India
1.
Fuel
and kerosene
2.
Electricity
and Water
3.
Passenger
tariffs in Railways
4.
Wheat
and rice subsidies
Which of the
subsidies given on the above items are regressive in nature?
a. 1, 2, 3 and 4 b. 1, 2 and 4 c. 1, 3 and 4 d. 1, 2 and 3
100. Consider the following trade blocks under discussion
1.
Trans-Pacific
Partnership
2.
Trans-Atlantic
Trade and Investment Partnership
3.
Regional
Comprehensive Economic Partnership [RCEP]
In which of the above
proposed trade agreements, India is seriously engaged or allowed to engage to
secure membership?
a. Only 1 b. 1, 2 and 3 c.
Only 3 d. 2 and 3
101.
Consider the following pairs
|
|
Name of the scheme
|
Implementing
Department/Ministry/agency
|
|
1
|
Mid-Meal Scheme
|
Ministry of Human Recourse
Development
|
|
2
|
Wheat Based Nutrition Programme
[WBNP]
|
Ministry of Women and Child
Development
|
|
3
|
NFSA, 2013
|
Ministry for Consumer Affairs, Food & Public Distribution
|
Which of the above pairs are
correctly matched?
a. 1 and 2 only b. 2 and 3 only c. 1 and 3 only d. All of them
*****
Thank you Sir!
ReplyDeleteThanks sir ......its useful........P.harsha
ReplyDeleteQuestions are very good sir... feeling comfortable with these... please provide key...
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