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 –

These initiatives will not stop before Prelims 2016 .

You can view and answer Today’s Questions here

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 🙂


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