Economy Basics– 2020 and Before that

[WpProQuiz 1928]

[WpProQuiz 2052]

[WpProQuiz 2334]

National Income– 2022

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Wrong Answer : -0.66

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Question No. 1

Consider the following statements regarding the Directorate General of Commercial Intelligence and Statistics (DGCI&S):
1. It compiles and releases yearly export & import data on merchandise trade.
2. It comes under Ministry of Commerce and Industry.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

Consider the following statements:
1. ‘Factory Price’ is the ‘input cost’ the producer has to incur in the process of producing something.
2. ‘Market cost’ is derived after deducting the indirect taxes to the factor cost of the product.
Which of the statements above given is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

With reference to the base year for national income accounting, which of the following statements is/are correct?
1. It was revised from 2004–05 to 2011 – 12.
2. It has been revised in line with the requirements of the System of National Accounts (SNA)-2008.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 4

Gross National Product (GNP) is the GDP of a country added with its ‘income from abroad’. Which of the following is/are part of income from abroad in India?
1. Private Remittances
2. External grants
3. Interest on External loans
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C1 and 3 only

D1, 2 and 3

✕

Question No. 5

Which of the following ministry in India decides the rate of depreciation of a good?

AMinistry of Commerce

BMinistry of Finance

CMinistry of Agriculture

DMinistry of Home

✕

Question No. 6

Which of the following statements is/are correct about “International Standards of Accounting and Reporting (ISAR)”?
1. It was established after the financial crisis of 2001.
2. United Nations Conference on Trade and Development (UNCTAD) serves as ISAR’s secretariat.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 7

With reference to the Gross Domestic Product, which of the following statements is/are correct?
1. It is the value of the all-intermediate goods and services produced within the boundary of a nation during one year period.
2. It is calculated by adding national private consumption, gross investment, government spending and trade balance.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 8

Consider the following statements regarding the Annual Survey of Industries (ASI):
1. It is conducted by National Sample Survey Office (NSSO).
2. It covers both formal and informal industries.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 9

Which of the following is/are characteristics of a Public good?
1. non-excludability
2. Rival Consumption
3. Non rejectable
Select the correct answer using the code given below:

A1 only

B1 and 3 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 10

“Let do” approach is related to which of the following?

ASocialist market system

BCommand market system

CFree market system

DChina market system

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

National Income– 2021

[WpProQuiz 2649]

National Income– 2020 and Before that

[WpProQuiz 1929]

Fiscal Policy– 2022

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Correct Answer : 2

Wrong Answer : -0.66

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Question No. 1

Which of the following state taxes is/are subsumed under Goods and Service Tax (GST)?
1. State VAT
2. Central Sales Tax
3. Entry Tax
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 2

Which of the following statements is/are correct about “Tobin tax”?
1. It is a tax imposes on all foreign exchange transactions.
2. It is not implemented anywhere in the world till now.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

Which of the following is an example of “Stealth Tax”?

APersonal Income Tax

BCorporate Tax

CSales Tax

DExcise Tax

✕

Question No. 4

With reference to the “Tax-to-GDP” ratio of India, which of the following statements is/are correct?
1. Higher the tax to GDP ratio the better financial position the country will be in.
2. India’s Tax-to-GDP ratio is higher than the average OECD Tax-to-GDP ratio.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 5

Consider the following statements regarding “Pigovian Tax”:
1. It is a tax placed on any good which creates negative externalities.
2. Carbon tax is an example of Pigovian Tax.
Which of the following codes below given is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 6

Which of the following is/are recommendations of “N K Singh committee”?
1. The combined debt-to-GDP ratio of the centre and states should be brought down to 80 per cent by 2023.
2. The Committee advocated Fiscal Deficit as the operating target to bring down public debt.
3. The Committee also recommends that centre reduce its revenue deficit steadily by 0.5% GDP points each year.
Select the correct answer using the codes given below:

A1 only

B2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 7

Consider the following statements with respect to “Effective Revenue Deficit” (ERD):
1. It is aimed to deduct the money used out of borrowing to finance capital expenditure.
2. It is suggested by the Urjit Patel Committee on Public Expenditure.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 8

Consider the following statements with respect to “Expenditure Management Commission (EMC)”:
1. It was created through executive resolution.
2. Bimal Jalan was the first chairman of EMC.
Which of the statements given above is/are NOT correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 9

Consider the following statements regarding measures to achieve “Fiscal Consolidation” in India:
1. Cutting down the burden of salaries and pensions.
2. Cutting down the Administered Price Mechanisms.
3. Higher education declared as non-priority sector.
Which of the statements given above is/are correct?

A1 only

B1 and 2 only

C3 only

D1, 2 and 3

✕

Question No. 10

Which of the following is/are part of “revenue expenditure”?
1. Subsidies forwarded to all sectors by the government.
2. Postal Deficits of the government.
3. Grants given by the government to Indian states and foreign countries.
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Fiscal Policy– 2021

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Wrong Answer : -0.66

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Question No. 1

Consider the following statements regarding “Pigovian Tax”:
1. It is a tax placed on any good which creates negative externalities.
2. Carbon tax is an example of Pigovian Tax.
Which of the following codes below given is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

Consider the following statements regarding measures to achieve “Fiscal Consolidation” in India:
1. Cutting down the burden of salaries and pensions.
2. Cutting down the Administered Price Mechanisms.
3. Higher education declared as non-priority sector.
Which of the statements given above is/are correct?

A1 only

B1 and 2 only

C3 only

D1, 2 and 3

✕

Question No. 3

Consider the following statements with respect to “Effective Revenue Deficit” (ERD):
1. It is aimed to deduct the money used out of borrowing to finance capital expenditure.
2. It is suggested by the Bimal Jalan Committee on Public Expenditure.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 4

Consider the following statements with respect to “Expenditure Management Commission (EMC)”:
1. It was created through executive resolution.
2. Raghuram rajan was the first chairman of EMC.
Which of the statements given above is/are NOT correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 5

Which of the following is an example of “Stealth Tax”?

APersonal Income Tax

BCorporate Tax

CSales Tax

DExcise Tax

✕

Question No. 6

Which of the following is/are part of “revenue expenditure”?
1. Subsidies forwarded to all sectors by the government.
2. Postal Deficits of the government.
3. Grants given by the government to Indian states and foreign countries.
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 7

Which of the following is/are recommendations of “N K Singh committee”?
1. The combined debt-to-GDP ratio of the centre and states should be brought down to 80 per cent by 2023.
2. The Committee advocated Fiscal Deficit as the operating target to bring down public debt.
3. The Committee also recommends that centre reduce its revenue deficit steadily by 0.5% GDP points each year.
Select the correct answer using the codes given below:

A1 only

B2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 8

Which of the following state taxes is/are subsumed under Goods and Service Tax (GST)?
1. State VAT
2. Central Sales Tax
3. Entry Tax
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C.2 and 3 only

D1, 2 and 3

✕

Question No. 9

Which of the following statements is/are correct about “Tobin tax”?
1. It is a tax imposes on all foreign exchange transactions.
2. It is not implemented anywhere in the world till now.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 10

With reference to the “Tax-to-GDP” ratio of India, which of the following statements is/are correct?
1. Higher the tax to GDP ratio the better financial position the country will be in.
2. India’s Tax-to-GDP ratio is higher than the average OECD Tax-to-GDP ratio.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Fiscal Policy– 2020 and Before that

[WpProQuiz 2082]
[WpProQuiz 1930]

Monetary Policy– 2022

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Correct Answer : 2

Wrong Answer : -0.66

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Time Left :5

Question No. 1

Consider the following statements regarding the Economic Census:
1. It is conducted by Ministry of Statistics and Programme Implementation (MoSPI).
2. It covers all entrepreneurial units which involved in any economic activities of either agricultural or non-agricultural sector.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

A facility under which scheduled commercial banks can borrow additional amount of overnight money from the Reserve Bank by dipping into their Statutory Liquidity Ratio (SLR) portfolio up to a limit at a penal rate of interest – is describes which of the following?

AMarginal Standing Facility

BOpen Market Operations

CCash Reserve Ratio

DSterilization

✕

Question No. 3

Which of the following are instruments of Monetary Policy of Reserve Bank of India (RBI)?
1. Repo rate
2. Reverse Repo rate
3. Cash Reserve Ratio
4. Open Market Operations (OMOs)
Select the correct answer using the code given below:

A1, 2 and 4 only

B1, 2 and 3 only

C1, 3 and 4 only

D1, 2, 3 and 4

✕

Question No. 4

Which of the following is/are type/types of External Benchmark Rates?
1. Repo rate
2. Statutory Liquidity Ratio.
3. Cash Reserve Ratio.
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 5

Which of the following statements is/are correct about “Flexible Inflation Targeting Framework” in India?
1. It was based on the recommendation of Urjit Patel committee.
2. It was given statutory basis by amending the Banking Regulation Act, 1949.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 6

Consider the following statements with respect to “National Payments Corporation of India (NPCI)”:
1. It is an initiative of RBI and State Bank of India.
2. It was created under the provisions of the Payment and Settlement Systems Act, 2007.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 7

Which of the following “currencies” is/are considered for Reference rate of RBI?
1. US Dollar
2. Japan Yen
3. Renminbi
4. Britain Pound
Select the correct answer using the codes given below:

A1, 2 and 3 only

B2, 3 and 4 only

C1, 2, 3, and 4

D1, 2 and 4 only

✕

Question No. 8

“LERMS” is related to which of the following?

ABanking sector

BIndustries sector

CExchange rate

DInfrastructure sector

✕

Question No. 9

Which of the following provision (s) is/are covered under “Banking Regulations Act, 1949”?
1. Bank Rate
2. Statutory Liquidity Ratio
3. Cash Reserve Ratio
Select the correct answer using the codes given below:

A1 only

B1 and 3 only

C2 and 3 only

D2 only

✕

Question No. 10

Which of the following statements regarding new monetary aggregates set by RBI is/are correct?
1. New monetary aggregates are recommended by Dr. Y.V. Reddy.
2. Committee was recommended four monetary aggregates.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Monetary Policy– 2020

[WpProQuiz 2650]

Monetary Policy– 2020 and Before that

[WpProQuiz 1931]

Money and Banking– 2022

Start Quiz

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Correct Answer : 2

Wrong Answer : -0.66

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Question No. 1

The term Economic Capital Framework is related to which of the following?

ABad Bank

BReserve Bank of India

CNew Development Bank

DWorld Bank

✕

Question No. 2

Which of the following financial institutions/banks are covered under deposit insurance of Deposit Insurance and Credit Guarantee Corporation (DICGC)?
1. Commercial Banks
2. Regional Rural Banks
3. Urban Cooperative Banks
4. Local Area Banks
5. Small Finance Banks
Select the correct answer using the code given below:

A1, 2 and 3 only

B1, 2, 3 and 4 only

C1 and 2 only

D1, 2, 3, 4 and 5

✕

Question No. 3

Which of the following liquidity windows is/are allowed raising liquidity by regional rural banks?
1. Liquidity Adjustment Facility
2. Marginal Standing Facility
3. Call Money Market
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 4

The Utkarsh 2022, sometimes seen in news is related to which of the following?

ARegulation and supervision of Central Bank

BForeign exchange

CBanks amalgamation

DDoubling farmer’s income

✕

Question No. 5

Which of the following are the pillars of the Basel Norms?
1. Capital adequacy requirements
2. Supervisory review
3. Market discipline
4. Government intervention
Select the correct answer using the code given below:

A1, 2, 3 and 4

B1, 2 and 3 only

C2, 3 and 4 only

D1, 3 and 4 only

✕

Question No. 6

Recently, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2018-19, a statutory publication in compliance with which of the act?

ABanking Regulation Act, 1949

BReserve Bank of India Act, 1934

CPayment and Settlements Act, 2007

DThe State Bank of India Act, 1955

✕

Question No. 7

The Reserve Bank of India was set up P J Nayak Committee to review Governance of Boards of Banks in India and to establish which of the following?

ABanks Board Bureau

BIndian Banks Association

CBad Banks

DDifferentiated Banks

✕

Question No. 8

Which of the following statements is/are correct about “small finance banks”?
1. Small finance banks are universal banks.
2. Small Finance Banks was recommended by the usha thorat committee.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 9

Consider the following statements regarding “Local Area Banks (LABs)”:
1. NRI contributions are not permitted in equity of Local Area Banks.
2. A family group can promote equity holding in Local Area Banks up to 40%.
Which of the statements above given is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 10

Which of the following suggested the government to create All India Development Banks (AIDBs)?

AManmohan Singh

BSukhamoy Chakraborty

CMontek Singh Ahluwalia

DNarasimhan

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Money and Banking– 2021

[WpProQuiz 2651]

Money and Banking– 2020 and Before that

[WpProQuiz 1932]

[WpProQuiz 2083]

[WpProQuiz 2086]

Financial Market– 2022

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Correct Answer : 2

Wrong Answer : -0.66

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Time Left :5

Question No. 1

Consider the following statements regarding the Currency Swap Arrangement:
1. The exchange of currencies is determined by market determined exchange rate not on market rate.
2. The disputes out of arrangement are settled within the countries.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

Recently, Reserve Bank of India (RBI) has slapped restrictions on withdrawal on Punjab and Maharashtra Cooperative Bank Ltd (PMC Bank), under which Act does the RBI has imposed restrictions?

AReserve Bank of India Act, 1934

BPayment and Settlement Systems Act, 2007

CSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002

DBanking Regulation Act, 1949

✕

Question No. 3

Consider the following statements regarding the Market Stabilization Scheme (MSS):
1. It is a tool used by commercial banks to reduce the liquidity and bringing the money market under control.
2. It was initiated by Raghuram Rajan after financial crisis of 2008.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 4

The Herfindahl-Hirschman Index (HHI) is associated with which of the following?

AMarket concentration

BForeign trade

CInsurance Index

DFinancial Institutions Performance

✕

Question No. 5

Which of the following statements is/are NOT correct about “Cash Management Bill (CMB)”?
1. It is a short-term instrument issued by government to meet the temporary cash flow mismatches.
2. These are issued for maturities less than 91 days.
Select the correct answer using the code given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 6

Which of the following treasury bills is/are discontinued from money market?
1. 14 day treasury bills
2. 91 day treasury bills
3. 182 day treasury bills
Select the correct answer using the codes given below:

A1 only

B2 and 3 only

C3 only

D1, 2 and 3

✕

Question No. 7

“Marwari Kayas and Chettiars” terms are associated with which of the following?

AStock brokers

BIndigenous bankers

CStock market protectors

DMint production agents

✕

Question No. 8

Which of the following committees underlined the need and laid foundations for money market development in India?

AChakravarthy Committee & Vahul Committee

BNarasimhan Committee & Vahul Committee

CNarasimhan Committee & Chakravarthy Committee

DNarasimhan Committee & Shome Committee

✕

Question No. 9

In money market, trading is done on a rate known as discount rate which is determined by?

ARepo rate

BOpen Market Operations

CMarginal Standing Facility

DStatutory liquidity ratio

✕

Question No. 10

With reference to the capital and money markets, which of the following statements is/are correct?
1. The money market fulfils the requirements of funds for the period up to 364 days.
2. The capital market fulfils the requirements of funds for the period above 364 days.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Financial Market– 2021

[WpProQuiz 2653]

Financial Market– 2020 and Before that

[WpProQuiz 1933]

Five Year Plans and Economic Reforms– 2022

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Correct Answer : 2

Wrong Answer : -0.66

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Time Left :5

Question No. 1

Which of the following methods is/are comes under privatization?
1. Sale of public enterprises to private sector.
2. Disinvestment of public enterprise equity.
3. Participation of private sector in management in public sector enterprises.
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 2

Consider the following statements regarding Extended Fund Facility (EFF):
1. It is lending facility of the IMF.
2. It was established to help countries to overcome poverty restraints.
Which of statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

“Washington Consensus” is related to which of the following?

AEconomic reforms

BBilateral trade

CBalance of payments measures

DFiscal Federalism

✕

Question No. 4

With reference to the rolling plan, which of the following statements is/are correct?
1. It was introduced by P V Narasimha Rao.
2. The rolling plan rejected the eighth five year Plan of the preceding Janata government.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 5

The Gadgil Strategy is associated with which of the following plan?

ASecond five year plan

BThird five year plan

CFourth five year plan

DEighth five year plan

✕

Question No. 6

Which of the following plan is associated with Harrod Domar?

AFirst five year plan

BSecond five year plan

CSixth five year plan

DNinth five year plan

✕

Question No. 7

Consider the following statements regarding the “Effective Tax Rate”:
1. It is applicable to both individuals and corporations.
2. The effective tax rate is a more accurate representation of a person’s or corporations overall tax liability than their marginal tax rate, and it is typically lower.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 8

Consider the following statements regarding “Service Area Approach (SAA)”:
1. It was introduced in seventh five year plan for planned and orderly development of rural and semi-urban areas.
2. It is applicable to Scheduled Commercial Banks including regional rural banks.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 9

With reference to the ‘District Rural Development Agency (DRDA)’, which of the following statements is/are correct?
1. It was established by centre in 1980.
2. It has been given constitutional status by passing 74th Constitutional Amendment.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 10

Which of the following statements is/are correct about ‘Fifth five year plan’?
1. The time period for Fifth five year plan was 1974-79.
2. Plan focus was on unemployment.
3. Plan was completed its tenure without any lapse.
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C1 and 3 only

D1, 2 and 3

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Five Year Plans and Economic Reforms– 2021

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Wrong Answer : -0.66

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Time Left :5

Question No. 1

“Washington Consensus” is related to which of the following?

AEconomic reforms

BBilateral trade

CBalance of payments measures

DFiscal Federalism

✕

Question No. 2

Consider the following statements regarding “Service Area Approach (SAA)”:
1. It was introduced in seventh five year plan for planned and orderly development of rural and semi-urban areas.
2. It is applicable to Scheduled Commercial Banks including regional rural banks.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

Consider the following statements regarding Extended Fund Facility (EFF):
1. It is lending facility of the IMF.
2. It was established to help countries to overcome poverty restraints.
Which of statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 4

Consider the following statements regarding the “Effective Tax Rate”:
1. It is applicable to both individuals and corporations.
2. The effective tax rate is a more accurate representation of a person’s or corporations overall tax liability than their marginal tax rate, and it is typically lower.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 5

The Gadgil Strategy is associated with which of the following plan?

ASecond five year plan

BThird five year plan

CFourth five year plan

DEighth five year plan

✕

Question No. 6

Which of the following methods is/are comes under privatization?
1. Sale of public enterprises to private sector.
2. Disinvestment of public enterprise equity.
3. Participation of private sector in management in public sector enterprises.
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 7

Which of the following plan is associated with Harrod Domar?

AFirst five year plan

BSecond five year plan

CSixth five year plan

DNinth five year plan

✕

Question No. 8

Which of the following statements is/are correct about ‘Fifth five-year plan’?
1. The time period for Fifth five-year plan was 1974-79.
2. Plan focus was on unemployment.
3. Plan was completed its tenure without any lapse.
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C1 and 3 only

D1, 2 and 3

✕

Question No. 9

With reference to the ‘District Rural Development Agency (DRDA)’, which of the following statements is/are correct?
1. It was established by centre in 1980.
2. It has been given constitutional status by passing 74th Constitutional Amendment.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 10

With reference to the rolling plan, which of the following statements is/are correct?
1. It was introduced by P V Narasimha Rao.
2. The rolling plan rejected the eighth five year Plan of the preceding Janata government.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Five Year Plans and Economic Reforms– 2020 and Before that

[WpProQuiz 2325]

Agriculture– 2022

Start Quiz

Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

Answered

Not Answered

Marked For Review

Not Visited

CHOOSE A QUESTION

1
2
3
4
5
6
7
8
9
10

  

Time Left :5

Question No. 1

Consider the following statements regarding the Essential Commodities Act (ECA), 1955:
1. It was enacted to control the production, supply and distribution of, and trade and commerce in, certain goods considered as essential commodities.
2. Food and civil supply authorities in States execute the provisions of the Act.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

Which of the following is/are consists of the Economic Cost of food-grains to Food Corporation of India (FCI)?
1. Pooled cost of grains
2. Procurement incidentals
3. Cost of distribution
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 3

Consider the following statements regarding the production of Milk in India:
1. From 2014 – 15 onwards, continuous increase in the production of milk in India.
2. The per capita availability of milk in India is more than 400grams/day.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 4

Consider the following statements regarding the agriculture credit in India:
1. Central government fixes agriculture credit disbursement targets for the banking sector every year.
2. Domestic Scheduled Commercial Banks are required to lend 18% of the Adjusted Net Bank Credit (ANBC) to agriculture.
3. Regional Rural Banks are required to lend 50% of their total outstanding advances towards agriculture.
Which of the statements given above is/are correct?

A1 only

B1 and 2 only

C3 only

D1, 2 and 3

✕

Question No. 5

Consider the following statements:
1. From 2015 – 16 onwards, there is a continuous increase in production of rice.
2. The regional distribution of the agricultural credit has been favoring of the Southern Region.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 6

“EKTA portal” is often seen in news is related to which of the following?

APromotion Federalism through web portal

BIntellectual Property Rights Education portal

CAgricultural Education portal

DTraditional and Indigenous products portal

✕

Question No. 7

Which of the following statements is/are correct about “Micro-irrigation Development in India”?
1. Area covered under micro-irrigation gradually increased from 2014 – 15.
2. A Micro Irrigation Fund (MIF) created with NABARD with an initial corpus of Rs.500crore.
Select the correct answer using the code given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 8

Which of the following is/are constraint/constraints for development of integrated value chain system of Agriculture sector?
1. Low public and private investments in agriculture since the early 1990s.
2. Inability of sub – market yards to provide opportunities for open auction.
3. Poor maintenance of rural roads.
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 9

Consider the following statements:
1. Share of GVA of Agriculture & Allied Sector is continuously decreasing from 2014 – 15.
2. Share of livestock is continuously increasing from 2014 – 15.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 10

Which of the following is/are covered under Operation Greens?
1. Tomatoes
2. Onions
3. Potatoes
4. Fruits
Select the correct answer using the codes given below:

A1, 2 and 3 only

B2, 3 and 4 only

C1, 3 and 4 only

D1, 2, 3 and 4

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Agriculture– 2021

Start Quiz

Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

Answered

Not Answered

Marked For Review

Not Visited

CHOOSE A QUESTION

1
2
3
4
5
6
7
8
9
10

  

Time Left :5

Question No. 1

“EKTA portal” is often seen in news is related to which of the following?

APromotion Federalism through web portal

BIntellectual Property Rights Education portal

CAgricultural Education portal

DTraditional and Indigenous products portal

✕

Question No. 2

Consider the following statements regarding the agriculture credit in India:
1. Central government fixes agriculture credit disbursement targets for the banking sector every year.
2. Domestic Scheduled Commercial Banks are required to lend 18% of the Adjusted Net Bank Credit (ANBC) to agriculture.
3. Regional Rural Banks are required to lend 50% of their total outstanding advances towards agriculture.
Which of the statements given above is/are correct?

A1 only

B1 and 2 only

C3 only

D1, 2 and 3

✕

Question No. 3

Consider the following statements regarding the Essential Commodities Act (ECA), 1955:
1. It was enacted to control the production, supply and distribution of, and trade and commerce in, certain goods considered as essential commodities.
2. Food and civil supply authorities in States execute the provisions of the Act.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 4

Consider the following statements regarding the production of Milk in India:
1. From 2014 – 15 onwards, continuous increase in the production of milk in India.
2. The per capita availability of milk in India is more than 400grams/day.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 5

Consider the following statements:
1. From 2015 – 16 onwards, there is a continuous increase in production of rice.
2. The regional distribution of the agricultural credit has been favored of the Southern Region.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 6

Consider the following statements:
1. Share of GVA of Agriculture & Allied Sector is continuously decreasing from 2014 – 15.
2. Share of livestock is continuously increasing from 2014 – 15.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 7

Which of the following is/are consists of the Economic Cost of food-grains to Food Corporation of India (FCI)?
1. Pooled cost of grains
2. Procurement incidentals
3. Cost of distribution
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 8

Which of the following is/are constraint/constraints for development of integrated value chain system of Agriculture sector?
1. Low public and private investments in agriculture since the early 1990s.
2. Inability of sub – market yards to provide opportunities for open auction.
3. Poor maintenance of rural roads.
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 9

Which of the following is/are covered under Operation Greens?
1. Tomatoes
2. Onions
3. Potatoes
4. Fruits
Select the correct answer using the codes given below:

A1, 2 and 3 only

B2, 3 and 4 only

C1, 3 and 4 only

D1, 2, 3 and 4

✕

Question No. 10

Which of the following statements is/are correct about “Micro-irrigation Development in India”?
1. Area covered under micro-irrigation gradually increased from 2014 – 15.
2. A Micro Irrigation Fund (MIF) created with NABARD with an initial corpus of Rs.500crore.
Select the correct answer using the code given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Industries and Industrial Policies– 2022

Start Quiz

Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

Answered

Not Answered

Marked For Review

Not Visited

CHOOSE A QUESTION

1
2
3
4
5
6
7
8
9
10

  

Time Left :5

Question No. 1

Consider the following statements:
1. Coal accounts for 55 per cent of the country’s energy needs.
2. There is a continuous increase in the production of coal from 2016 to 2020.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

Consider the following statements regarding the Annual Survey of Industries (ASI):
1. Annual Survey of Industries (ASI) is conducted by National Sample Survey Office.
2. It covers both formal and informal industries.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

The Economic Freedom of the World report is released by which of the following?

AFraser Institute

BWorld Bank

CWorld Economic Forum

DThe Heritage Foundation

✕

Question No. 4

Consider the following statements:
1. The share of Gross Capital Formation of the industrial sector had continuously declined from last ten years.
2. The eight-core industries have a total weight of nearly 50 percent in the Index of Industrial Production.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 5

Which of the following enterprises is/are funded mostly under Venture Capital funds?
1. Start-ups.
2. Small enterprises.
3. Medium enterprises.
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 6

Which of the following Indicator of the Ease of Doing Business – 2019 has the least performed?

AGetting electricity

BStarting Business

CRegistering Property

DEnforcing Contracts

✕

Question No. 7

SIPP scheme often seen in news is related to which of the following?

ASmall and medium enterprise development

BStart-ups promotion

CSpace programmes

DSmart city programme

✕

Question No. 8

With reference to central government aim to combine 44 central laws into four codes, which of the following are the four codes?
1. Code on Wages.
2. Code on Industrial Relations.
3. Code on Social security and Welfare.
4. Code on Trade Unions.
Select the correct answer using the code given below:

A1, 2 and 3 only

B2, 3 and 4 only

C1, 2 and 4 only

D1, 2, 3 and 4

✕

Question No. 9

The term “Harmonized System (HS)” often seen in news is related to which of the following?

AIndustrial Sector

BInternational product nomenclature

CInternational Financial Services

DGlobal Infrastructure Investment

✕

Question No. 10

Consider the following statements regarding the “steel sector in India”:
1. India is the largest producer of crude steel in the world.
2. India is the second largest consumer of steel in the world.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Industries and Industrial Policies– 2021

Start Quiz

Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

Answered

Not Answered

Marked For Review

Not Visited

CHOOSE A QUESTION

1
2
3
4
5
6
7
8
9
10

  

Time Left :5

Question No. 1

Consider the following statements regarding the “steel sector in India”:
1. India is the 2nd largest producer of crude steel in the world after United States of America.
2. India is the second largest consumer of steel in the world.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

Consider the following statements regarding the Annual Survey of Industries (ASI):
1. Annual Survey of Industries (ASI) is conducted by National Sample Survey Office.
2. It covers both formal and informal industries.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

Consider the following statements:
1. Coal accounts for 55 per cent of the country’s energy needs.
2. There is a continuous increase in the production of coal from 2016 to 2020.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 4

Consider the following statements:
1. The share of Gross Capital Formation of the industrial sector had continuously declined from last ten years.
2. The eight-core industries have a total weight of nearly 50 percent in the Index of Industrial Production.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 5

SIPP scheme often seen in news is related to which of the following?

ASmall and medium enterprise development

BStart-ups promotion

CSpace programmes

DSmart city programme

✕

Question No. 6

The Economic Freedom of the World report is released by which of the following?

AFraser Institute

BWorld Bank

CWorld Economic Forum

DThe Heritage Foundation

✕

Question No. 7

The term “Harmonized System (HS)” often seen in news is related to which of the following?

AIndustrial Sector

BInternational product nomenclature

CInternational Financial Services

DGlobal Infrastructure Investment

✕

Question No. 8

Which of the following enterprises is/are funded mostly under Venture Capital funds?
1. Start-ups.
2. Small enterprises.
3. Medium enterprises.
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 9

Which of the following Indicator of the Ease of Doing Business – 2019 has the least performed?

AGetting electricity

BStarting Business

CRegistering Property

DEnforcing Contracts

✕

Question No. 10

With reference to central government aim to combine 44 central laws into four codes, which of the following are the four codes?
1. Code on Wages.
2. Code on Industrial Relations.
3. Code on Social security and Welfare.
4. Code on Trade Unions.
Select the correct answer using the code given below:

A1, 2 and 3 only

B2, 3 and 4 only

C1, 2 and 4 only

D1, 2, 3 and 4

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Industries and Industrial Policies– 2020 and Before that

[WpProQuiz 1934]

[WpProQuiz 2326]

Services– 2022

Start Quiz

Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

Answered

Not Answered

Marked For Review

Not Visited

CHOOSE A QUESTION

1
2
3
4
5
6
7
8
9
10

  

Time Left :5

Question No. 1

With reference to the Insurance Regulatory and Development Authority (IRDA), which of the following statements is/are correct?
1. It is a statutory body.
2. The chairman and its members are appointed by government.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

With reference to the Other Service Providers (OSP’s), which of the following statements is/are correct?
1. OSPs or other service providers are companies or firms which provide secondary or tertiary services such as telemarketing, tele-banking or telemedicine for various companies, banks or hospital chains.
2. It requires minimal investment but gave great returns in business.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

Which of the following Insurance companies are works under General Insurance Corporation of India (GIC)?
1. National Insurance Company Ltd.
2. New India assurance Company Ltd.
3. Oriental Fire and Insurance Company Ltd.
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 4

The “Draft Scheme of Reconstruction” is recently in news is related to which of the following?

ABanking

BRailways

CRoadways

DPort rejuvenation

✕

Question No. 5

“World Investment Report” published by which of the following?

AWorld Bank

BWEF

CUNIDO

DUNCTAD

✕

Question No. 6

The “GATI portal” is recently in news is related to which of the following?

AShip Tracking

BFlight tracking

CNational highways

DInland water ways

✕

Question No. 7

With reference to the new hydro policy 2019, which of the following statements is/are correct?
1. It includes large hydro projects within the ambit of renewable energy.
2. Now the renewable energy capacity has increased to 34.4% of total energy mix.
Select the correct answer using the code given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 8

Which of the following measures will spur the economic growth?
1. Transparent and hassle-free land acquiring.
2. Availability of Skilled labour.
3. High interest rates in the economy.
4. Decrease in effective demand.
Select the correct answer using the code given below:

A1 and 2 only

B2, 3 and 4 only

C1, 3 and 4 only

D1, 2, 3 and 4

✕

Question No. 9

Which of the following are the objectives of the “National Digital Communications Policy”?
1. Broadband for all by 2025.
2. Creating 100 million additional jobs in the Digital Communications sector.
3. Enhancing the contribution of the Digital Communications sector to 10% of India’s GDP from 5% in 2017.
4. Ensuring Digital Sovereignty.
Select the correct answer using the code given below:

A1, 2 and 3 only

B3 and 4 only

C4 only

D1, 2, 3 and 4

✕

Question No. 10

Consider the following statements regarding the “gig economy”:
1. Gig workers include self-employed, freelancers, independent contributors and part-time workers.
2. It is tech-enabled platforms connect the consumer to the gig worker to hire services on a short-term basis.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Services– 2021

Start Quiz

Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

Answered

Not Answered

Marked For Review

Not Visited

CHOOSE A QUESTION

1
2
3
4
5
6
7
8
9
10

  

Time Left :5

Question No. 1

With reference to the Insurance Regulatory and Development Authority (IRDA), which of the following statements is/are correct?
1. It is a statutory body.

2. The chairman and its members are appointed by government.

Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 2

With reference to the Other Service Providers (OSP’s), which of the following statements is/are correct?
1. OSPs are companies or firms which provide secondary or tertiary services such as telemarketing, tele-banking or telemedicine for various companies, banks or hospital chains.

2. It requires minimal investment but gave great returns in business.

Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 3

Which of the following Insurance companies are works under General Insurance Corporation of India (GIC)?
1. National Insurance Company Ltd.

2. New India assurance Company Ltd.

3. Oriental Fire and Insurance Company Ltd.

Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 4

The “Draft Scheme of Reconstruction” is recently in news is related to which of the following?

ABanking

BRailways

CRoadways

DPort rejuvenation

✕

Question No. 5

“World Investment Report” published by which of the following?

AWorld Bank

BWEF

CUNIDO

DUNCTAD

✕

Question No. 6

The “GATI portal” is recently in news is related to which of the following?

AShip Tracking

BFlight tracking

CNational highways

DInland water ways

✕

Question No. 7

With reference to the new hydro policy 2019, which of the following statements is/are correct?
1. It includes large hydro projects within the ambit of renewable energy.

2. Now the renewable energy capacity has increased to 34.4% of total energy mix.

Select the correct answer using the code given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 8

Which of the following measures will spur the economic growth?
1. Transparent and hassle-free land acquiring.

2. Availability of Skilled labor.

3. High interest rates in the economy.

4. Decrease in effective demand.

Select the correct answer using the code given below:

A1 and 2 only

B2, 3 and 4 only

C1, 3 and 4 only

D1, 2, 3 and 4

✕

Question No. 9

Which of the following are the objectives of the “National Digital Communications Policy”?
1. Broadband for all by 2025.

2. Creating 100 million additional jobs in the Digital Communications sector.

3. Enhancing the contribution of the Digital Communications sector to 10% of India’s GDP from 5% in 2017.

4. Ensuring Digital Sovereignty.

Select the correct answer using the code given below:

A1, 2 and 3 only

B3 and 4 only

C4 only

D1, 2, 3 and 4

✕

Question No. 10

“Consider the following statements regarding the “gig economy”:
1. Gig workers include self-employed, freelancers, independent contributors and part-time workers.
2. It is tech-enabled platforms connect the consumer to the gig worker to hire services on a short-term basis.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Services– 2020 and Before that

[WpProQuiz 2327]

Inflation and Employment– 2022

Start Quiz

Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

Answered

Not Answered

Marked For Review

Not Visited

CHOOSE A QUESTION

1
2
3
4
5
6
7
8
9
10

  

Time Left :5

Question No. 1

“Fiscal Stimulus” is provided to different sectors of an economy to promote the growth. Which of the following measure (s) is/are constitutes fiscal stimulus?
1. Lowering interest rates
2. Tax rebates
3. Export subsidies
Select the correct answer using the code given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

✕

Question No. 2

Which of the following organization conducts the “Periodic Labour Force Surveys (PLFS)”?

ANITI Aayog

BCentral Statistical Office

CNational Sample Survey Office (NSSO)

DMinistry of Labour

✕

Question No. 3

Which one among the following items has least weight in wholesale price index (WPI)?

ARaw materials

BFuel and power

CFood Items

DManufactured products

✕

Question No. 4

The government of India in June 2019 set up a working group to revise the current series of Wholesale Price Index (WPI) and devise a new Producer Price Index (PPI). The group is headed by which of the following?

ARamesh Chand

BB. N. Goldar

CBimal Jalan

DSoumya Kanti Ghosh

✕

Question No. 5

Which of the following pair (s) is/are correctly matched?
Index:Base Year
1. Wholesale price index:2014-15
2. Consumer price index:2004-05
3. Gross Domestic Product:2011-12
Select the correct answer using the code given below:

A1 only

B3 only

C1 and 3 only

D2 and 3 only

✕

Question No. 6

With reference to the “effects of inflation”, which of the following statements is/are correct?
1. Borrowers suffer and lenders benefit out of inflation.
2. Rising inflation indicates rising aggregate demand.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

✕

Question No. 7

“A graphic curve which advocates a relationship between inflation and unemployment in an economy”- describes which of the following?

APhillips curve

BLaffer Curve

CLorrenz curve

DGini coefficient

✕

Question No. 8

The concept which shows relationship between inflation and the interest rate, expressed by an equation – formulated by which of the following?

AAdam Smith

BDavid Ricardo

CIrving Fischer

DArthur Laffer

✕

Question No. 9

Consider the following statements regarding the traits of “recession”:
1. General rise in demand.
2. Inflation remains higher and no signs of going down.
3. Employment rate falls.
Which of the statements above given is/are correct?

A1 only

B1 and 2 only

C3 only

D1, 2 and 3

✕

Question No. 10

A graph showing the degree of inequality in income and wealth in a given population or an economy – describes which of the following?

ALaffer Curve

BLorenz Curve

CPhillips Curve

DKuznets Curve

✕

Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

Inflation and Employment– 2021