UPSC Prelims Marathon 11th March – Economy – 2024

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We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs daily. Daily Quiz UPSC Prelims Marathon 11 Mar

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Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

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CHOOSE A QUESTION

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Time Left :5

Question No. 1

Which of the following describes “the study of how societies use scarce resources to produce valuable commodities and distribute them among different people”?

AEconomics

BPolitical Science

CHuman Geography

DAnthropology

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Question No. 2

Who among the following wrote the “The Wealth of Nations”?

AAdam Smith

BDavid Ricardo

CJohn Marshall

DHerbert Spencer

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Question No. 3

Which of the following is/are model/s of distribution systems?
1.State based
2.Market based
3.State – Market Mix
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 4

Which of the following is/are example/s of state-based distribution system?
1.China
2.USSR
3.USA
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 5

Who among the following was written the “The General Theory of Employment, Interest and Money”?

AJ M Keynes

BAdam Smith

CJohn Nash

DMilton Friedman

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Question No. 6

The term “Washington Consensus” is often seen in news related to?

AMarket reforms

BPublic health

CDefense measures

DUN Security Council

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Question No. 7

Which of the following policy reform/s is/are come/s under “Washington Consensus”?
1.Fiscal discipline
2.Trade liberalization
3.Privatization
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 8

Which of the following is/are comes under tertiary sector?
1.Banking
2.Education
3.Transportation
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 9

Which of the following is/are way/s of to calculate the income of an economy?
1.GDP
2.NDP
3.GNP
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 10

Which of the following is/are part of Gross Domestic Product (GDP) calculation?
1.Private consumption
2.Gross investment
3.Trade balance
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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