BPSC Special Quiz: Economy for Other State PSC Exams

Question 1

The unemployment which occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work is termed as?

Question 2

Match the following.
List - I
1) First Five Year Plan
2) Second Five Year Plan
3) Fourth Five Year Plan
4) Fifth Five Year Plan
List - II
(A) Motto of Gairibi Hatao
(B) Pokhran 1 was done during this Plan
(C) Harod-Domar Model
(D) Mahalanobis Model
Choose the correct code give below.

Question 3

Which of the following is/are included in ‘Capital receipts’?

Question 4

Which of the following is not a part of revenue receipts of the government?

Question 5

Wholesale Price Index (WPI) is published by which of the following ministries?

Question 6

Consider the following statements:
1) Index of Industrial Production (IIP) measures short-term changes in volume of production of basket of industrial products during a given period of time.
2) IIP is compiled by NSSO.
3) The base year of IIP is 2004-05
Which of the above statements are correct:

Question 7

Which of the following Index is calculated and published by Central Statistics Office (CSO)?

Question 8

Which of the following is not considered a Core Industrial Sector in the Index of Industrial Production (IIP)?

Question 9

Which of the following is a fallout of inflation?

Question 10

Which of the following economic terms is incorrectly matched with its definition?
(i) Inflation: A general increase in the price level
(ii) Deflation: A General decline in the price level
(iii) Disinflation: Reduction in the rate of inflation
(iv) Stagflation: Inflation with high rates of unemployment

Question 11

Unified Payments Interface(UPI) was launched by

Question 12

Under the chairmanship of which of the following committees, it was recommended a five-pronged strategy Project 'SASHAKT' to deal with non-performing assets in the country's banking system?

Question 13

GNP is equal to?

Question 14

According to the recommendation of the 14th Finance Commission, the share of states in the center's tax revenue is increased from 32% to _____.

Question 15

Which of the following best describe the term ‘import cover’?

Question 16

In economics 'Gresham law' relates to-

Question 17

The maximum amount of the total Revenue earned by the Govt. of the India comes from

Question 18

Which of the following Acts has specially been launched to facilitate banks in recovery of bad loans?

Question 19

Which of the following constitutional amendment act is related to GST?

Question 20

Which of the following is not included in Quantitative tools of Monetary Policy?

Question 21

Consider the statements given below with respect to Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). Which of the statements is/are incorrect?

1) CRR is the fraction of the total Net Demand and Time Liabilities maintained by the bank with itself in form of cash deposits.

2) SLR is the fraction of the total Net Demand and Time Liabilities maintained by a bank with RBI in the form of specified liquid assets.

3) CRR and SLR are parts of Liquidity Adjustment Facility (LAF).

Question 22

Which among the following is/are the qualitative tools to control credit creation by RBI?
1) Open Market Operations
2) Repo Rate
3) Margin Requirements
4) Credit Rationing Policy
Select the correct-

Question 23

The term “Inclusive growth” was mentioned in which of the following Five-year plans?

Question 24

What is the time limit for an asset or loan to be declared as Non-Performing Asset?

Question 25

Which of the following is constituted to receive the disinvestment proceeds of Central Public Sector Companies?