Civils Indian Economy-3

Indian Economy UPSC Civil Services,Prelims,SSC,CSAT GS,IAS Exam

which of the following are associated with planning in India
1. the finance commission
2. the national development council
3. the union ministry of rural development
4. the union ministry of urban development
5. the parliament
select the correct answer using the code given below

(A) 1,2 and 5
(B) 1,3 and 4
(C) 2 and 5
(D) 1,2,3,4 and 5

the sale tax you pay while purchasing a tooth paste is a

(A) tax imposed by the central government
(B) tax imposed by the central government but collected by the state government
(C) tax imposed by the state government but collected by the central government
(D) tax imposed and collected by the state government

what does venture capital mean

(A) a short-term capital provides to industries
(B) a long-term start-up capital provides to new entrepreneurs
(C) fund provided to industries at times of incurring losses
(D) funds provided for replacement and renovation industries

The main objective of the 12 th Five plan is ?

(A) Inclusive growth and poverty reduction
(B) Inclusive and sustainable growth
(C) Sustainable and inclusive growth to reduce unemployment
(D) Faster , sustainable and more inclusive growth

with reference to Balance of payment , which of the following constitutes/ constitute the current Account ?
1. Balance of trade
2. Foreign asset
3. Balance of invisibles
4. Special drawing right
select the correct answer using the code given below

(A) 1 only
(B) 2 and 3 only
(C) 1 and 3 only
(D) 1, 2 and 4 only

The term Marginal standing Facility Rate and ‘Net Demand and time liabilities , some times appearing in News, are used in relation to ?

(A) Banking operations
(B) Communication networking
(C) Military strategies
(D) Supply and demand of agricultural products.

What is/are the facility /facilities the beneficiaries can get from the services of business correspondent (Bank saathi ) in branchless area ?
1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
2. It enables the beneficiaries in the rural areas to make deposits and withdrawls.
Select the correct answer using the codes given below:

(A) 1 only
(B) 2 only
(C) both1 and 2
(D) neither 1 nor 2

In the context of Indian economy, which of the following is/are the purpose/purposes of ‘statutory Reserve Requirements ?
1. To enable the central bank to control the amount of advances the bank can create.
2. To make the people’s deposits with banks safe and liquid.
3. To prevent the commercial banks from making excessive profits.
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements.
Select the correct answer using code given below :

(A) 1 only
(B) 1 and 2 only
(C) 2 and 3 only
(D) 1,2,3 and 4

Which of the following constitute capital Account ?
1. Foreign loans
2. Foreign direct investment
3. Private remittance
4. portfolio investment.
select the correct answer using the codes given below

(A) 1, 2 and 3
(B) 1, 2 and 4
(C) 2, 3 and 4
(D) 1, 3 and 4

Distinguised unemployment generally means

(A) Large number of people remains unemployed
(B) Alternative employment is not available
(C) Marginal productivity of labour is zero
(D) productivity of workers is low

Consider the following statements :
1. Inflation benefits the debtors
2. Inflation benefits the bondholders
which of the statement given above is/are correct

(A) 1 only
(B) 2 only
(C) both 1 and 2
(D) neither 1 nor 2

The balance of payment of a country is a systematic record of ?

(A) All important and export transactions of a country during a given period of time, normally a year
(B) Goods exported from a country during a year
(C) Economic transaction between the government of one country to another
(D) Capital movements from one country to another

The reserve bank of India regulates the commercial banks in matters of
1. Liquidity of assets
2. Branch expansion
3. Merger of banks
4. Winding of banks
select the correct answer using the codes given below

(A) 1 and 4 only
(B) 2, 3 and 4 only
(C) 1, 2 and 3 only
(D) 1, 2, 3 and 4

An increase in the bank rate generally indicated that the ?

(A) Market rate of interest is likely to fall
(B) Central bank is no longer making loans to commercial banks
(C) Central bank is following an easy money policy
(D) Central bank is following a tight money policy

In India , deficit finance is used for raising resources for ?

(A) Economic development
(B) Redemption of public debt
(C) Adjusting the balance of payments
(D) Reducing the foreign debt

Consider the following liquid assets.
1. Demand deposits with the banks
2. Time deposits with the banks
3. Savings deposits with the banks
4. Currency
the correct sequence of these assets in the decreasing order of liquidity is

(A) 1-4-3-2
(B) 4-3-2-1
(C) 2-3-1-4
(D) 4-1-3-2

In the context of Indian Economy , ‘open market operations’ refers to ?

(A) Borrowing by scheduled banks from the R B I
(B) Lending by commercial banks to industry and trade
(C) purchase and sale of government securities by the RBI
(D) None of these