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Economics UPSC PYQ 2014

14 questions from the UPSC 2014 examination.

14 questions

1Mediumprelims2 marks
Economic Planning & Five-Year Plans

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.

A1, 2 and 5 only
B1, 3 and 4 only
C2 and 5 only
D1, 2, 3 and 5
2Mediumprelims2 marks
Monetary Policy & Money Supply

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 banks 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 the code given below.

A1 only
B1 and 2 only
C2 and 3 only
D1, 2, 3 and 4
3Easyprelims2 marks
Monetary Policy & Money Supply

The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to

Abanking operations
Bcommunication networking
Cmilitary strategies
Dsupply and demand of agricultural products
4Easyprelims2 marks
Financial Markets & Capital Markets

What does venture capital mean?

AA short-term capital provided to industries
BA long-term start-up capital provided to new entrepreneurs
CFunds provided to industries at times of incurring losses
DFunds provided for replacement and renovation of industries
5Easyprelims2 marks
International Institutions & Reports

Which of the following organizations brings out the publication known as ‘World Economic Outlook’?

AThe International Monetary Fund
BThe United Nations Development Programme
CThe World Economic Forum
DThe World Bank
6Mediumprelims2 marks
Fiscal Policy & Budget

With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure? 1. Defence expenditure 2. Interest payments 3. Salaries and pensions 4. Subsidies Select the correct answer using the code given below.

A1 only
B2 and 3 only
C1, 2, 3 and 4
DNone
7Mediumprelims2 marks
Agriculture & Rural Development

In the context of food and nutritional security of India, enhancing the ‘Seed Replacement Rates’ of various crops helps in achieving the food production targets of the future. But what is/are the constraint/constraints in its wider/greater implementation? 1. There is no National Seeds Policy in place. 2. There is no participation of private-sector seed companies in the supply of quality seeds of vegetables and planting materials of horticultural crops. 3. There is a demand–supply gap regarding quality seeds in case of low-value and high-volume crops. Select the correct answer using the code given below.

A1 and 2
B3 only
C2 and 3
DNone
8Easyprelims2 marks
Taxation

The sales tax you pay while purchasing a toothpaste is a

Atax imposed by the Central Government
Btax imposed by the Central Government but collected by the State Government
Ctax imposed by the State Government but collected by the Central Government
Dtax imposed and collected by the State Government
9Easyprelims2 marks
Economic Planning & Five-Year Plans

The main objective of the 12th Five-Year Plan is

Ainclusive growth and poverty reduction
Binclusive and sustainable growth
Csustainable and inclusive growth to reduce unemployment
Dfaster, sustainable and more inclusive growth
10Mediumprelims2 marks
Infrastructure & Industry

With reference to two non-conventional energy sources called ‘coalbed methane’ and ‘shale gas’, consider the following statements : 1. Coalbed methane is the pure methane gas extracted from coal seams, while shale gas is a mixture of propane and butane only that can be extracted from fine-grained sedimentary rocks. 2. In India, abundant coalbed methane sources exist, but so far no shale gas sources have been found. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
11Mediumprelims2 marks
External Sector & Balance Of Payments

With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? 1. Balance of trade 2. Foreign assets 3. Balance of invisibles 4. Special Drawing Rights Select the correct answer using the code given below.

A1 only
B2 and 3
C1 and 3
D1, 2 and 4
12Easyprelims2 marks
Digital Payments & Financial Inclusion

What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 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 withdrawals. Select the correct answer using the code given below.

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
13Easyprelims2 marks
Monetary Policy & Money Supply

If the interest rate is decreased in an economy, it will

Adecrease the consumption expenditure in the economy
Bincrease the tax collection of the Government
Cincrease the investment expenditure in the economy
Dincrease the total savings in the economy
14Hardprelims2 marks
Agriculture & Rural Development

Consider the following pairs: Programme/Project — Ministry 1. Drought-Prone Area Programme : Ministry of Agriculture 2. Desert Development Programme : Ministry of Environment and Forests 3. National Watershed Development Project for Rainfed Areas : Ministry of Rural Development Which of the above pairs is/are correctly matched?

A1 and 2 only
B3 only
C1, 2 and 3
DNone
Economics — All Years|All Subjects