Sunday, April 8, 2012

TEST PAPER OF INDIAN ECONOMY FOR UPSC PRELIMS(IAS STUDY CIRCLE)

1] Which state stands first in the length of roads in the country ?
(A) U. P.
(B) M. P.
(C) Maharashtra
(D) Rajasthan
2]When was Focus Market Scheme introduced ?
(A) 2003-04
(B) 2004-05
(C) 2005-06
(D) 2006-07
3]CENVAT is associated with—
(A) Direct Tax
(B) Income Tax
(C) Indirect Tax
(D) Service Tax
4] Which of the following occupied the highest place in growth rate during the 10th Plan period 2002-2007 ?
(A) Agricultural Sector
(B) Service Sector
(C) Industrial Sector
(D) Mining
5] Nirmal Bharat Abhiyan Yojana is associated with—
(A) The development of Bihar
(B) Community toilets in slum areas
(C) Construction of houses for low income groups
(D) None of the above
6] “Pure Banking, Nothing Else” is a slogan raised by—
(A) ICICI Bank
(B) HDFC Bank
(C) SBI
(D) UTI Bank
7]Which one of the following stands at first rank in the list of top 10 steel producers in the world ?
(A) Nippon Steels
(B) Tata-Corus
(C) Arcelor-Mittal
(D) Bao Steel
8] Oil Refinery at Bhatinda is being established by—
(A) IOC
(B) HPCL
(C) Reliance
(D) BPCL
9] The maximum limit of Foreign Direct Investment (FDI) in public sector banking is—
(A) 51%
(B) 50%
(C) 33%
(D) 49%
10]Which of the following plan is meant for constructing houses for rural people ?
(A) Indra Avas Yojana
(B) Ambedkar Avas Yojana
(C) PURA
(D) None of the above
11] For 11th plan period 2007–2012 savings rate has been targeted at—
(A) 30.8%
(B) 31.6%
(C) 34.8%
(D) 33.6%
12] According to Small and Medium Enterprise Development Act, the maximum limit for medium enterprise is—
(A) Rs. 25 lakhs
(B) Rs. 1 crore
(C) Rs. 5 crore
(D) Rs. 10 crore
13]Recently, Ministry of Human Resource Development developed a new index termed as ‘Educational Development Index’ (EDI) related to primary and upper primary education.
The state at the top of this index is—
(A) Delhi
(B) Kerala
(C) Tamil Nadu
(D) Andhra Pradesh
14] US-based “Novelis” has recently been acquired by—
(A) Tata Group
(B) Birla Group
(C) Reliance Group
(D) Jointly by Tata and Birla Group
15] How many banks are there in public sector at present ?
(A) 28
(B) 27
(C) 19
(D) 20
16]Which of the following is not a financial regulator ?
(A) IRDA
(B) AMFI
(C) PFRDA
(D) SEBI
17]Inflation in India is measured on which of the following indexes/indicators ?
(A) Cost of Living Index
(B) Consumer Price Index
(C) Wholesale Price Index
(D) Gross Domestic Product
18] As per 13th Finance Commission Recommendations during 2010-15, transfers to the states from the central tax pool are expected to be—
(A) Rs. 44000 crore
(B) Rs. 164832 crore
(C) Rs. 318581 crore
(D) Rs. 107552 crore
19]Global Hunger Index released by IFPRI in October 2011 places India at—
(A) 58th rank
(B) 64th rank
(C) 67th rank
(D) 74th rank
20] When was the first EPZ set-up in Kandla ?
(A) 1965
(B) 1970
(C) 1975
(D) 1995
21] Which of the following is not a direct tax ?
(A) Income tax
(B) Property tax
(C) Sales tax
(D) House tax
22] Ultimate burden of tax is known as—
(A) Impact
(B) Incidence
(C) Shifting of tax
(D) None of the above
23] Which is included in Capital budget ?
(A) Income received from public borrowings
(B) Income received from tax-sources
(C) Income received from non-tax sources
(D) All of the above
24] Which of the following is the largest significant factor of revenue expenditure of Central Government ?
(A) Defence Expenditure
(B) Subsidy
(C) Interest Payment
(D) Salary
25] In comparison to revenue deficit; the size of fiscal deficit is always—
(A) Higher
(B) Smaller
(C) Similar
(D) Uncertain
26] Where is Indian Diamond Institute (IDI) established ?
(A) New Delhi
(B) Mumbai
(C) Surat
(D) Jaipur
27]The index of measuring economic development is—
(A) Increase in productive assets
(B) National income
(C) Per-capita income
(D) Any of the above
28] What was infant mortality rate in India at present?
(A) 70 per thousand
(B) 65 per thousand
(C) 60 per thousand
(D) 47 per thousand
29]What has been the annual growth rate of population during 1991-2001 ?
(A) 2•20 %
(B) 2•14%
(C) 1•95%
(D) 1•00%
30]In the history of population growth of India, which year is called “the year of great divide” ?
(A) 1951
(B) 1947
(C) 1935
(D) 1921
31]The factor that determines the change in population of a place is—
(A) Birth rate
(B) Death rate
(C) Migration
(D) All of these
32] Which state produces maximum pulses in the country ?
(A) Madhya Pradesh
(B) Uttar Pradesh
(C) Orissa
(D) Maharashtra
33]Kasturba Gandhi Education Scheme is related to—
(A) Girl Education
(B) Adult Education
(C) Child Labour Education
(D) Tribal Women (above 18 years)
34]What is ‘green gold’ ?
(A) Tea
(B) Coffee
(C) Gold
(D) Rice
35] What is a foot loose industry ?
(A) Any industry which can locate virtually anywhere
(B) Foot loose industry has no strong national orientation in its location requirements
(C) Both of above
(D) None of the above
36]Nowadays, the thurst areas of human development are—
(A) Health
(B) Gender Equity
(C) Gender Empowerment
(D) All of the above
37]The object of every producing firm is—
(A) To maximise production
(B) To minimise cost
(C) To maximise profit
(D) None of the above
38] Which of the following is the function of Planning Commission ?
(A) To estimate various resources of the country
(B) To prepare plan for the balanced and effective use of resources
(C) To review plan
(D) All of the above
39]Final shape is given to plan by—
(A) Planning Commission
(B) Finance Minister
(C) National Development Council
(D) None of the above
40]How many censuses (including the 2011 census) have been carried out since independence ?
(A) 05
(B) 06
(C) 07
(D) 08
41]“An Enquiry into the Nature and Causes of Wealth of Nations” is the book of economist—
(A) Adam Smith
(B) Marshall
(C) Robbins
(D) None of above
42] “Economics is the Science of Wealth” who gave this definition ?
(A) J. K. Mehta
(B) Marshall
(C) Adam Smith
(D) Robbins
43]The negative aspect of economic development after independence is—
(A) Problems of poverty and unemployment have not been eliminated
(B) Industrialisation did not take place as expected
(C) Many public sector enterprises started making losses
(D) All of the above
44]Which of the following programmes is not for rural poverty eradication ?
(A) SGSY
(B) SJSRY
(C) PMGY
(D) All above programmes are for rural poverty eradication
45] Which year has been currently used as the base year to estimate national income in India by CSO ?
(A) 2004-05
(B) 1993-94
(C) 2001-02
(D) 1999-2000
46]Development expenditure of the Central government does not include
A. defence expenditure
B. expenditure on economic services
C. expenditure on social and community services
D. grant to states
47]Gilt-edged market means
A. bullion market
B. market of government securities
C. market of guns
D. market of pure metals
48]In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A. Chemicals other than fertilizers
B. Services sector
C. Food processing
D. Telecommunication
49]India changed over to the decimal system of coinage in
A. April 1995
B. April 1957
C. April 1958
D. April 1959
50]If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A. increase it
B. decrease it
C. no impact
D. None of the above
51]The co-operative credit societies have a
A. two-tier structure
B. three-tier structure
C. four-tier structure
D. five-tier structure
52]Regional rural banks....
1 have limited area of operation
2 have free access to liberal refinance facilities from NABARD
3 are required to lend only to weaker sections
A. I, III
B. II, III
C. I, II, III
D. I, II
53]
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?
1 A large number of farmers are illiterate and know little about scientific agriculture
2 Prices of primary products are lower than those of manufactured products
3 Investment in agriculture has been low when compared to investment in industry
A. I, II, III
B. I, II
C. I, III
D. II, III
54]National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
A. 1997 B. 1998
C. 1999 D. 2000
55]The annual yield from which of the following Union Government taxes is the highest?
A. Custom duties
B. Corporation tax and income tax
C. Inheritance tax, wealth tax, interest tax and gift tax
D. Excise duties
56]National expenditure includes
A. consumption expenditure
B. investment expenditure
C. government expenditure
D. All of the above
57]The apex body for formulating plans and coordinating research work in agriculture and allied fields is...
A. State Trading Corporation
B. Regional Rural Banks
C. National Bank for Agriculture and Rural Development (NABARD)
D. Indian Council of Agricultural Research
58]In India, which one among the following formulates the fiscal policy?
A. Planning Commission
B. Ministry of Finance
C. Finance Commission
D. The Reserve Bank of India
59]Devaluation of currency leads to
A. fall in domestic prices
B. increase in domestic prices
C. no impact on domestic prices
D. erratic fluctuations in domestic prices
60]Sarvodaya aimed at ?
(a) classless society
(b) economic revolution
(c) upliftment of weaker sections
(d) upliftment of all, irrespective of their status
61]Which Plan gave emphasis on removal of poverty for the first time?
(A) Fourth
(B) Fifth
(C) Sixth
(D) Seventy
62]National Income Estimates in India are prepared by—
(A) Central Statistical Organization
(B) National Development Council
(C) Ministry of Finance
(D) Planning Commission
63]. Consider the following statements:
The functions of commercial banks in India include
1. Purchase and sale of shares and securities on behalf of customers.
2. Acting as executors and trustees of wills.
Which of the statements given above is/are correct?
(a) 1 only (b) 2 only
(c) Both 1 and 2 (d) Neither 1 nor 2
64]Which one of the following authorities makes recommendations to the
Governor of a State as to the principles for determining the taxes and
duties which may be appropriated by the Panchayats in that particular
State?
(a) District Planning Committees. (b) State Finance Commission.
(c) Finance Ministry of that State. (d) Panchayati Raj Ministry of that States.
65]With reference to the Indian economy, consider the following
statements:
1. The Gross Domestic Product (GDP) has increased by four times in the last 10
years.
2. The percentage share of Public Sector in GDP has declined in the last 10
years.
Which of the statements given above is/are correct?
(a) 1 only (b) 2 only
(c) Both 1 and 2 (d) Neither 1 nor 2
66]. Consider the following which can be found in the ambient atmosphere:
1. Soot
2. Sulphur hexafluoride
3. Water vapour
Which of the above contribute to the warming up of the atmosphere?
(a) 1 and 2 only (b) 3 only
(c) 2 and 3 only (d) 1, 2 and 3
67]The International Development Association, a lending agency, is
administered by the
(a) International Bank for Reconstruction and Development.
(b) International Fund for Agricultural Development.
(c) United Nations Development Programme.
(d) United Nations Industrialized Development Organization.
68]Which one of the following can one come across if one travels through
the Strait of Malacca:
(a) Bali (b) Brunei
(c) Java (d) Singapore
69]With reference to the river Luni, which one of the following statements
is correct?
(a) It flows into Gulf of Khambhat.
(b) It flows into Gulf of Kuchchh.
(c) It flows into Pakistan and merges with a tributary of Indus.
(d) It is lost in the marshy land of the Rann of Kuchchh.
70]In the context of India’s Five Year Plan, a shift in the pattern of
industrialization, with lower emphasis on heavy industries and more on
infrastructure begins in
(a) Fourth Plan (b) Sixth Plan
(c) Eighth Plan (d) Tenth Plan
72]. With reference to the United Nations Convention on the Rights of the
Child, consider the following:
1. The Right to Development.
2. The Right to Expression.
3. The Right to Recreation.
Which of the above is/are the Rights of the child?
(a) 1 only (b) 1 and 3 only
(c) 2 and 3 only (d) 1, 2 and 3
73]Sustainable development is described as the development that meets
the needs of the present without compromising the ability of future
generations to meet their own needs. In this perspective, inherently the
concept of sustainable development is intertwined with which of the
following concepts?
(a) Social justice and empowerments (b) Inclusive Growth
(c) Globalization (d) Carrying capacity
74]Given below are the names of four energy crops. Which one of them
can be cultivated for ethanol?
(a) Jatropha (b) Maize
(c) Pongania (d) Sunflower
75]Inclusive growth as enunciated in the Eleventh Five Year Plan does not
include one of the
following:
(a) Reduction of poverty (b) Extension of employment opportunities
(c) Strengthening of capital market (d) Reduction of gender inequality
76]. Which one of the following is responsible for the preparation and
presentation of Union
Budget to the Parliament?
(a) Department of Revenue (b) Department of Economic Affairs
(c) Department of Financial Services (d) Department of Expenditure
77]. By a regulation in 1793, the District Collector was deprived of his
judicial powers and made the collecting agent only. What was the reason for such regulation?
(a) Lord Cornwallis felt that the District Collector’s efficiency of revenue collection
would enormously increase without the burden of other work.
(b) Lord Cornwallis felt that Judicial power should compulsorily be in the hands of
Europeans while Indians can be given the job of revenue collection in the districts.
(c) Lord Cornwallis was alarmed at the extent of power concentrated in the
District Collector and felt that such absolute power was undesirable in one person.
(d) The judicial work demanded a deep knowledge of India and a good training in
law and Lord Cornwallis felt that District Collector should be only a revenue collector?
78] Which one of the following is not related to United Nations?
(a) Multilateral Investment Guarantee Agency.
(b) International Finance Corporation.
(c) International Centre for Settlement of Investment Disputes.
(d) Bank for International Settlements.
79]Which of the following is / are treated as artificial currency?
(a) ADR (b) GDR
(c) SDR (d) Both ADR and SDR
80]. In India, the interest rate on savings account in all the nationalized
commercial banks is
fixed by
(a) Union Ministry of Finance (b) Union Finance Commission
(c) Indian Banks’ Association (d) None of the above.

2 comments:

  1. Do most students take the IAS test in Hindi or take the IAS exam in English! That would be interested. Do students taking particular subjects prefer English over others?

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    1. I'm appearing for IAS Exam and confused that which subject to choose for mains but then I enrolled in http://www.wiziq.com/course/4765-economics-for-upsc-ias-mains and choose Economics as my Mains subject and was looking for such informative post from your side also . Thanks for the post. It clear my doubt regarding ias.

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