10000 Questions for Prelims 2020 | Prelims 2020 Marathon

Dear Friends,

Let is share and post / paste here questions of various test series . If we crowd source enough, we know that questions will come from here. There was a thread of crowd sourced questions in the past, where @wunwun @burger @pizza and all had contributed and that year we had many questions come from there. 


Let us start this initiative. Also please follow the convention followed last year by @neyawn Sir, let us number the questions in a serial number.


Here I am starting


#1Choose correct statements

1) M N Roy was the founder of Communism in India

2) M N Roy first mooted the idea of Constituent Assembly

3) Patel was the Chairman of Committee on negotiating with states

4) Nehru was the Chairman of Drafting Committee


Select correct

a) 1 and 2 only

b) 2 and 3 only

c) 2 and 4 only

d) None of t

jack_Sparrow , curious_kid and 124 others like this
115k views

1.4k comments

If a country’s growth rate is good but there is no corresponding growth in employment, then which of the following could be the reasons:

(a) The growth is coming from better utilization of existing capacity and not because of increase in investment

(b) The growth is coming from increase in investment but not because of better utilization of existing capacity

(c) The growth is coming from both as a result of increase in investment and increase in capacity utilization

(d) None of the above
850 views
Economic growth in a country will necessarily have to occur if:

(a) There is technological progress in the country
(b) There is population growth in the country
(c) There is capital formation in the country
(d) The country's exports are increasing
848 views
Which of the following are part of capital account transaction?

1. Masala bonds
2. Purchase of capital equipment from abroad
3. NRI deposits in Indian banks

Select the correct answer using the code given below:
(a) 1 only
(b) 1 & 2 only
(c) 3 only
(d) 1 & 3 only
846 views
Deleted
Capital formation in a country will necessarily lead to which of the following:

1. Increase in ICOR
2. Decreasein ICOR
3. Economic growth

Select the correct answer using the code given below:

(a) 1 & 3 only
(b) 2 & 3 only
(c) 3 only
(d) None of the above

C or D?

740 views
If a country’s growth rate is good but there is no corresponding growth in employment, then which of the following could be the reasons:

(a) The growth is coming from better utilization of existing capacity and not because of increase in investment

(b) The growth is coming from increase in investment but not because of better utilization of existing capacity

(c) The growth is coming from both as a result of increase in investment and increase in capacity utilization

(d) None of the above

A

738 views
Which of the following are part of capital account transaction?

1. Masala bonds
2. Purchase of capital equipment from abroad
3. NRI deposits in Indian banks

Select the correct answer using the code given below:
(a) 1 only
(b) 1 & 2 only
(c) 3 only
(d) 1 & 3 only

d

734 views
Capital formation in a country will necessarily lead to which of the following:

1. Increase in ICOR
2. Decreasein ICOR
3. Economic growth

Select the correct answer using the code given below:

(a) 1 & 3 only
(b) 2 & 3 only
(c) 3 only
(d) None of the above

C

728 views
Economic growth in a country will necessarily have to occur if:

(a) There is technological progress in the country
(b) There is population growth in the country
(c) There is capital formation in the country
(d) The country's exports are increasing

C

726 views
If India is experiencing economic growth, then which of the following statements must hold true:
1. Real GDP is increasing
2. Nominal GDP is increasing
3. Rate of growth of real GDP is increasing
4. Rate of growth of nominal GDP is increasing

Select the correct answer using the code given below:

(a) 1 only
(b) 1 & 2 only
(c) 1 & 3 only
(d) 1 & 4 only

A?

722 views

mhs11 said

If India is experiencing economic growth, then which of the following statements must hold true:
1. Real GDP is increasing
2. Nominal GDP is increasing
3. Rate of growth of real GDP is increasing
4. Rate of growth of nominal GDP is increasing

Select the correct answer using the code given below:

(a) 1 only
(b) 1 & 2 only
(c) 1 & 3 only
(d) 1 & 4 only

A?

Correct.

736 views

mhs11 said

Economic growth in a country will necessarily have to occur if:

(a) There is technological progress in the country
(b) There is population growth in the country
(c) There is capital formation in the country
(d) The country's exports are increasing

C

Correct.

Investment in the economy means production of capital goods. 

When the economy produces all consumption goods and no capital goods (investment) then its GDP shall remain constant i.e. it will not grow. But till the time there is net production of capital goods i.e. investment in the economy, the production of goods and services (GDP) will keep on increasing. Capital formation means production of capital goods. So, if there is capital formation, it will necessarily lead to increase in GDP i.e. economic growth.

eclectus,
734 views

mhs11 said

Capital formation in a country will necessarily lead to which of the following:

1. Increase in ICOR
2. Decreasein ICOR
3. Economic growth

Select the correct answer using the code given below:

(a) 1 & 3 only
(b) 2 & 3 only
(c) 3 only
(d) None of the above

C

Correct. 

Capital formation means production of capital goods.

Production of capital goods leads to future production of goods and services and hence economic growth. 

Production of capital goods increases the capital stock in the economy but does not tell whether there is any increase in efficiency of that capital. Efficiency is measured as how much output is produced from how much of inputs. So, we can’t say that ICOR will increase or decrease with capital formation.

eclectus,
728 views
Which of the following are part of capital account transaction?

1. Masala bonds
2. Purchase of capital equipment from abroad
3. NRI deposits in Indian banks

Select the correct answer using the code given below:
(a) 1 only
(b) 1 & 2 only
(c) 3 only
(d) 1 & 3 only

d

Correct. 

Masala bonds are issued outside India and money is raised in foreign currency, so it is part of our capital account. When NRIs are depositing money in Indian banks then it’s t ransaction between Indian residents (banks) and non-resident Indians and it creates a liability on Indian banks for future, hence it’s a capital receipt. Import of capital equipment are part of current account.

eclectus,
722 views
Capital formation in a country will necessarily lead to which of the following:

1. Increase in ICOR
2. Decreasein ICOR
3. Economic growth

Select the correct answer using the code given below:

(a) 1 & 3 only
(b) 2 & 3 only
(c) 3 only
(d) None of the above

C or D?

C- explanation above. 

716 views

mhs11 said

Economic growth in a country will necessarily have to occur if:

(a) There is technological progress in the country
(b) There is population growth in the country
(c) There is capital formation in the country
(d) The country's exports are increasing

C

Correct.

Investment in the economy means production of capital goods. 

When the economy produces all consumption goods and no capital goods (investment) then its GDP shall remain constant i.e. it will not grow. But till the time there is net production of capital goods i.e. investment in the economy, the production of goods and services (GDP) will keep on increasing. Capital formation means production of capital goods. So, if there is capital formation, it will necessarily lead to increase in GDP i.e. economic growth.

Thanks for the explanation!

626 views
If a country’s growth rate is good but there is no corresponding growth in employment, then which of the following could be the reasons:

(a) The growth is coming from better utilization of existing capacity and not because of increase in investment

(b) The growth is coming from increase in investment but not because of better utilization of existing capacity

(c) The growth is coming from both as a result of increase in investment and increase in capacity utilization

(d) None of the above

@upsc2020 what should be the answer to this?

624 views

mhs11 said

If a country’s growth rate is good but there is no corresponding growth in employment, then which of the following could be the reasons:

(a) The growth is coming from better utilization of existing capacity and not because of increase in investment

(b) The growth is coming from increase in investment but not because of better utilization of existing capacity

(c) The growth is coming from both as a result of increase in investment and increase in capacity utilization

(d) None of the above

@upsc2020 what should be the answer to this?

A

Higher economic growth comes from additional investment, or increase in capacity utilization of the capital stock (factory).

When economic growth comes from new investment then generally more jobs are created but when economic growth comes from better utilization of the existing capacity (which was earlier not utilized properly) then jobs may not get created in the economy.

eclectus, mhs11
680 views
The term “Open access” in electricity means which of the following:

(a) Large consumers have access to the transmission and distribution network to obtain electricity from the suppliers of their choice

(b) Large consumers can choose the distribution company of their choice

(c) Any consumer of electricity can also generate electricity from their own resource and can feed on to the distribution network.

(d) Distribution companies can choose from which of the power producers they want to purchase power without government interference
588 views
Which of the following sectors have the highest allocation in “National Infrastructure Pipeline” (NIP)?

(a) Energy
(b) Road
(c) Rail
(d) Urban
570 views
‘Harmonized System of Nomenclature’ (HSN) was recently in the news, is related to which of the following?

(a) Classification of goods in international trade
(b) International financial transactions
(c) Space technology
(d) Classification of seeds and plants
568 views
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