The Tuesday Economy Quiz #1

Hi All,

Prelims 2016 is now coming near and nearer. Keeping the same in mind, we have come up with a new initiative

We will be posting a 7-10 Questions Quiz on a daily basis.

Monday Polity Quiz- we will be publishing five to ten questions on Indian Polity
Tuesday Economy Quiz – where we will be publishing five to ten questions on Economy
Wednesday Geography & Environment Quiz – 5 -1 0 questions on Geography & Enviorment
Thursday History & Culture Quiz – 5 – 10 questions on Ancient, Medieval & Modern History, Art & Culture
Friday General Awareness Quiz – This will have about 7- 10 questions on the S & T, and other Miscellaneous Topics
Saturday CSAT Quiz – This will have at least 10 questions on CSAT for Prelims 2016

The purpose of these is to enable practise on a daily level for you to prepare for Civil Services Prelims Examination. This questions will be moderate level and it is expected of you solve these questions with decent level of preparation.

If you are looking for more professional questions with a rank – we also have a Test Series where you will be competing with about 2000+ serious IAS aspirants.

This is Economy Quiz Day 1. Please type your answers in the comments below .

These Questions will be posted on the Portal – https://forumias.com/portal

These initiatives will not stop before Prelims 2016 .

You can view and answer Today’s Questions here

https://forumias.com/portal/the-monday-polity-quiz-1/

Since Its day 1, we are also reposting the quiz questions as a dicsussion thread.

Note : Answers to the quiz will be posted in the comments section one day later

 

Q.1) Which of the following initiative has not been covered under the Bharatmala Project?
a) Construction of roads along India’s borders and coastal areas
b) Improving connectivity of non-major ports, religious and tourist places
c) Development of newly declared national highways in district headquarters
d) Improving connectivity by inland waterways

Q.2) The economic survey talks about “Chakravyuha” by which it means
1. Difficult entry of firm in market
2. Difficult exit of firm from market

Select the Incorrect answer using the codes given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of  the above

Q.3) What would be the impact on price of a commodity with rise in indirect taxes?
1. Increase in its Factory price
2. Increase in its Ex-factory price
3. Increase in its Market price

Select the correct answer using the codes given below:
a) 1  and 3 only
b) 1 and 2 only
c) 2 and 3 only
d) All of the above

Q.4) The Economic Survey has prescribed a 4-D model for the banking sector to face competition in the changed environment. These 4-D stands for
a) Deregulation, Development, Diversification and Disinvestment
b) Deregulation, Double financial repression, Diversification and Disinvestment
c) Deregulation, Disinterring, Diversification and Disinvestment
d) Deregulation, Disinterring, Diversification and Differentiation

Q.5) Human Development Index measured on the basis of three broad parameters. These are
a) Per capita income, school enrollment and child mortality
b) Purchasing power parity, educated adults and infant mortality
c) Real per capita income, Level of education and Life expectancy at birth
d) Gross national income, literacy rate and life expectancy at birth

Q.6) Due to recession, there has been a drastic rise in job cuts. This is a case of
1. Structural unemployment
2. Cyclical unemployment

Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of the above

Q.7) Which of the following is/are tools of Monetary policy?
1. Repo rate
2. Tax rate

Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of the above

Q.8) ‘Liquidity Trap’ is a situation in which:
a) People want to hold only cash because prices are falling everyday
b) People want to hold only cash because there is too much of liquidity in the economy
c) The rate of interest is so low that no one wants to hold interest bearing assets and people wants to hold cash
d) There is an excess of foreign exchange reserves in the economy leading to excess money supply

Q.9) The most appropriate measure of a country’s economic growth is the:
a) Gross Domestic Product
b) Net Domestic Product
c) Net National Product
d) Per capita real income

Q.10) The main argument advanced in favour of small scale and cottage industries in India is that:
a) Cost of Production is low
b) They require small capital investment
c) They advance the goal of equitable distribution of wealth
d) They generate a large volume of employment

__________________________________________________________________

Leave Answers in comments below ! enjoy 🙂

 


Comments

81 responses to “The Tuesday Economy Quiz #1”

  1. Hiii,
    We intentionally delay answer by one day. So, that aspirant uses its mean to find the answer to get the different aspects as well. This way, he would apply his mind to fullest to get the answer. Otherwise, we psychologically look for the answer and move away without much applying brain. Whereas, UPSC has more than 70% questions where brain application is must.

  2. thevagabond85 Avatar
    thevagabond85

    @ForumIAS sir but posting answer in another page makes it difficult to check with our own posted answers on the previous day. Please consider using (javascript ) such that when we click on (+ button) answer is revealed then and there, saving our time. Thanks.

  3. Alankar Singh Avatar
    Alankar Singh

    D
    B
    A
    A
    C
    B
    A
    C
    D
    D

  4. Supermanreturns Avatar
    Supermanreturns

    C-B-A-D- D-B,-C-A-B-D

  5. Rahul Agarwal Avatar
    Rahul Agarwal

    1.c

    2.b

    3.c

    4.d

    5. c

    6. b

    7.a

    8.c

    9. c

    10.c

  6. akhilesh khurana Avatar
    akhilesh khurana

    1-b,2-a,3-c,4-a,5-d,6-b,7-a,8-c,9-a,10-b

  7. Preetha Elangovan Avatar
    Preetha Elangovan

    d,a,d,a,c,b,c,c,a,d

  8. vikulroy Avatar
    vikulroy

    1-d, 2-b, 3-d, 4-b, 5-a, 6-b, 7-a, 8-a, 9-c, 10-d

  9. Sonny Ethan Avatar
    Sonny Ethan

    1.
    2. B
    3. A (not sure)
    4. D
    5. D
    6. B
    7. A
    8. C
    9. D
    10. D

  10. Jeremy Thangkhokai Haokip Avatar
    Jeremy Thangkhokai Haokip

    2b, 3c, 4d, 5c, 6b, 7a,8c,9c,10d

  11. Yuvraj Kumar Avatar
    Yuvraj Kumar

    1C 2B 3C(TRICKY) 4B 5C 6A 7A 8C 9C 10D
    Thanks Team

  12. 3-a, 5-b, 9-a, 10-c

  13. Sandeep Sharma Avatar
    Sandeep Sharma

    Great job…. ForumIAS is the boon for poor aspirants…. (who could not afford test series, the hindu). but some times i feel nervous, when i observed that some important article not covered in “Newspaper Must Read Articles”. In that case we need to go another sources.. which is time consuming.. at 2 – 3 place. So here my advice is that before posting “Newspaper Must Read Articles” plz refer another another sites also. Thanks… God bless you/team

  14. nidhisom Avatar
    nidhisom

    D
    B
    D
    B
    D
    A
    A
    C
    D
    D

  15. C/B/C/D/C/B/A/B/D/C

  16. Devender K Chouhan Avatar
    Devender K Chouhan

    ans are as follow..
    starting from 1 to 10 qus…a b a d d a a c d d respectielly

  17. Nitesh Mishra Avatar
    Nitesh Mishra

    1. D
    2. A
    3. A
    4. A
    5. C
    6. C
    7. A
    8. C
    9. D
    10. D

  18. elutherian Avatar
    elutherian

    1- D
    2- B
    3- C
    4- D
    5- C
    6- B
    7- A
    8- C
    9- D
    10- D

  19. Assassin Avatar
    Assassin

    d

    b

    a

    a

    c

    d

    a

    c

    c

    d

  20. 1.d 2.b 3.c 4.d 5.c 6.a 7.a 8.c 9.a 10.d

  21. Vladimir Avatar
    Vladimir

    Thank you for the new initiative 🙂

  22. HEMANT KOTIYAL Avatar
    HEMANT KOTIYAL

    Dbaacbaccd

  23. Khagendra Avatar
    Khagendra

    1 – c
    2 – b
    3 – d
    4 – a
    5 – d
    6 – a
    7 – a
    8 – c
    9 – c
    10 – d

  24. Vijay Karthik Avatar
    Vijay Karthik

    Ok.sir. Now i understood.

  25. 1-d,2-b,3-b,4-d,5-c,6-b,7-a,8-c,9-c,10-d

  26. 1-d,2-b,3-b,4-d,5-c,6-b,7-a,8-c,9-a,10-d

  27. gughapriya Avatar
    gughapriya

    Sir, I am not able to find the answers. plz help.

  28. CheekuRam Avatar
    CheekuRam

    1.Bharatmala Project not covered – Development of newly declared national highways in district headquarters
    5.Human Development Index measured -Real per capita income, Level of education and Life expectancy at birth
    4. 4-D- Deregulation, Disinterring, Diversification and Differentiation
    7. tools of Monetary policy -Repo rate
    9.measure of a country’s economic growth – Per capita real income
    10.small scale and cottage industries -They generate a large volume of employment

  29. Srikant Avatar
    Srikant

    1-c,2-b,3-c,5-c,6-1,7-a,8-c,9-c,10-d

  30. shivani Avatar
    shivani

    1 c
    2 b
    3
    4 b
    5 c
    6
    7 a
    8 c
    9
    10 d

    Good questions ?

  31. knowledgemustbefree Avatar
    knowledgemustbefree

    dbaadbaabd

  32. batmanreign Avatar
    batmanreign

    1.D
    2.B
    3.A
    4.A
    5.C
    6.B
    7.A
    8.C
    9.C
    10.D

  33. We are uploading the answers after 24 hours, so that candidates can apply their mind and try to find out all nuisances. Otherwise, it is a futile exercise as we just check the answer and move away and donot apply our mind. In Prelims 70% questions are solved by applying brain only, so this exercise would ensure that we apply brain first to find out the answer. And later we can check the performance by comparing with answer key.

  34. Joyce_Joseph12 Avatar
    Joyce_Joseph12

    1-d 2-b 3-a 4-d 5-c 6-b 7-a 8-c 9-c 10-d

  35. 1-C, 2-B, 3-D, 4-C, 5-C, 6-B, 7-A, 8-C, 9-D, 10-D

  36. 1-C

    2-B

    3-D

    4-C

    5-C

    6-B

    7-A

    8-C

    9-D

    10-D

  37. Maverick25 Avatar
    Maverick25

    1) d
    2) b
    3) c
    4) d
    5) c
    6) b
    7) a
    8) a
    9) c
    10) d

  38. Vijay Karthik Avatar
    Vijay Karthik

    OK sir but we get to know our attempted questions are correct ?

  39. Manikanth_reddy Avatar
    Manikanth_reddy

    1.D
    2.B
    3.A
    4.C
    5.C
    6.C
    7.A
    8.A
    9.B
    10.D

  40. ashishbsnl Avatar
    ashishbsnl

    1-c,2-b,3-d,4-d,5-c,6-b,7-a,8-c,9-d,10-d

  41. Harpreet singh Avatar
    Harpreet singh

    1.b 3.c 4.d 5.c 6.b 7.a 8.c 9.c 10.d

  42. q2- -b,q5-a,q7-a,q9-c,q10-c

  43. 1-a
    2-b
    3-D
    4-D
    5-d,
    6-b,
    7-a
    8
    9
    10-D

  44. Atul Das Avatar
    Atul Das

    DCCDCBCCDD

  45. 1.c

    3.d

    4.d

    7.a

    8.c

    9.c

    10.d

  46. satyendra kumar Avatar
    satyendra kumar

    1-a, 2-a, 3-a, 4-d, 5-d, 6-b, 7-a, 8-c, 9-a, 10-d

  47. ramraghuwanshi Avatar
    ramraghuwanshi

    2b
    3c
    4
    5d
    6
    7a
    8c
    9d
    10d

  48. 1 C

    2 B

    3 D

    4 D

    5 C

    6 B

    7 A

    8 C

    9 C

    10 D

  49. Snow white Avatar
    Snow white

    ok sir.. thank you for ur selfless initiatives helping many of us.. keep up this good work..

  50. Hello Mrinal

    Providing answers next day ensures that proper mind is applied to get the different nuisances. Otherwise candidates always look for the answer and don’t apply their mind. Which is not fruitful for prelims examination where most of the answers has to be solved by applying mind only.

  51. Providing answers next day ensures that proper mind is applied to get the different nuisances. Otherwise candidates always look for the answer and don’t apply their mind. Which is not fruitful for prelims examination where most of the answers has to be solved by applying mind only.

  52. Answer keys would be always provided on the next day. This ensures that proper mind is applied to get the different nuisances. Otherwise candidates always look for the answer and don’t apply their mind. Which is not fruitful for prelims examination where most of the answers has to be solved by applying mind only.

  53. Vish Balaji Avatar
    Vish Balaji

    1:a,2:b

  54. dccdcbadcd

  55. Dhrumil Avatar
    Dhrumil

    1-d 2-b 3-d 4-d 5-d 6-b 7-a 8-c 9-c 10-b

  56. 10 d

    9 d

    8 c

    7 a

    6 a

    5 c

    4 a

    3 c

    2 c

    1 c

  57. shah harsh Avatar
    shah harsh

    1-d 2-b 3-c 4-c 5-c 6- 7-a 8-c 9-c 10-d

  58. ashwini Avatar
    ashwini

    thank you so much for such initiative.

  59. 1-d, 2-b, 3-d, 4-c, 5-c, 6-b, 7-a, 8-c, 9-d, 10-d

  60. pbhaalu Avatar
    pbhaalu

    1-c

    2-b

    3-c

    4-c

    5-c

    6-c

    7-a

    8-

    9-c

    10-d

  61. 1-d
    2-b
    3-c
    4-a
    5-c
    6-c
    7-a
    8-a
    9-a
    10-c

  62. Sir,mam , its a tedious task to refer to answers after one day later , we often are preoccupied in lot of things and answer matching takes a back seat , It would be great if you post the answers and explanations just below the questions on the same day , Nevertheless great initiative ForumIAS

  63. DrKingSchultz Avatar
    DrKingSchultz

    C
    B
    C
    D
    D
    B
    A
    C
    C
    D

  64. loneranger85 Avatar
    loneranger85

    1.d

    2.b

    3.c

    4.d

    5.c

    6.b

    7.a

    8.c

    9.d

    10.d

  65. Gaurav Tripathi Avatar
    Gaurav Tripathi

    1. d
    2. c
    3. c
    4. d
    5. c
    6. b
    7. a
    8. c
    9. a
    10. d

  66. Snow white Avatar
    Snow white

    Cbbddbaccd

  67. Chandan kumar Avatar
    Chandan kumar

    D,B,A,D,C,A,A,C,C,D

  68. janaki ram Avatar
    janaki ram

    please post questions along with answers.

    and explanation to the answers at the end.

  69. Nishtha Narang Avatar
    Nishtha Narang

    Dcddccacdd

  70. Snow white Avatar
    Snow white

    Thankyou sir for ur initiative ! But please make sure that we all are notified via email when u release the answer key of the quizes ! Regards N thanks sir !

  71. arpita sharma Avatar
    arpita sharma

    cbdccbacac

  72. 1-c
    2-
    3-c
    4-
    5-c
    6-b
    7-1
    8-c
    9-d
    10-d

  73. Dear Vijay, the questions are not factual in nature at all. So you wont find them in Google. What you are required/expected to do is , read the book and attempt the questions.

  74. Hi,

    Answers are released one day later as of now. This ensures that people simply do not read answers and go. No one will benefit from simply reading the answers. It is heavily recommended that you solve the questions . At least attempt the questions.

    For yesterday’s quiz, we have posted the answers. Check the Daily Initiatives Panel on the Right Hand Side.

  75. 1-c 2-c 3-c 4-c 5-c 6-b 7-a 8-_ 9-c 10-c

  76. 10-d, 9-c, 8-c, 7-a, 6-a, 5-c, 4-d, 3-c, 2-c, 1-d

  77. Rajneesh Mishra Avatar
    Rajneesh Mishra

    b,c,d,a,c,b,a,c,a,d

  78. Vijay Karthik Avatar
    Vijay Karthik

    Dear and respected sir;
    Thanks a lot for your help.
    please post answers as well, as providing answers will only be helpful otherwise it will hinder the direct advantage of posting questions . Because when we google it sometimes cannot find the direst answers for the questions.

  79. Defcon1 Avatar
    Defcon1

    please share answers in the bottom along with questions so that we can rely on trusted keys

  80. 4-d,5-c,7-a,8-c,9-d

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