Growth, Development, Schemes and Indices — UPSC Prelims PYQs (Set 2)

Q1. Consider the following statements : Other things remaining unchanged, market demand for a good might increase if
1. price of its substitute increases
2. price of its complement increases
3. the good is an inferior good and income of the consumers increases
4. its price falls
Which of the above statements are correct? UPSC Prelims 2021

Question 1 optionsA1 and 4 onlyB2, 3 and 4C1, 3 and 4D1, 2 and 3
Q2. Which one of the following is likely to be the most inflationary in its effects? UPSC Prelims 2021

Question 2 optionsARepayment of public debtBBorrowing from the public to finance a budget deficitCBorrowing from the banks to finance a budget deficitDCreation of new money to finance a budget deficit
Q3. With reference to Indian economy, demand-pull inflation can be caused/increased by which of the following?
1. Expansionary policies
2. Fiscal stimulus
3. Inflation-indexing wages
4. Higher purchasing power
5. Rising interest rates
Select the correct answer using the code given below. UPSC Prelims 2021

Question 3 optionsA1, 2 and 4 onlyB3, 4 and 5 onlyC1, 2, 3 and 5 onlyD1, 2, 3, 4 and 5
Q4. “Gold Tranche” (Reserve Tranche) refers to UPSC Prelims 2020

Question 4 optionsAa loan system of the World BankBone of the operations of a Central BankCa credit system granted by WTO to its membersDa credit system granted by IMF to its members
Q5. Consider the following statements :
1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI).
2. The WPI does not capture changes in the prices of services, which CPI does.
3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.
Which of the statements given above is/are correct ? UPSC Prelims 2020

Question 5 optionsA1 and 2 onlyB2 onlyC3 onlyD1, 2 and 3
Q6. The Global Competitiveness Report is published by the UPSC Prelims 2019

Question 6 optionsAInternational Monetary FundBUnited Nations Conference on Trade and DevelopmentCWorld Economic ForumDWorld Bank
Q7. Atal Innovation Mission is set up under the UPSC Prelims 2019

Question 7 optionsADepartment of Science and TechnologyBMinistry of Labour and EmploymentCNITI AayogDMinistry of Skill Development and Entrepreneurship
Q8. In a given year in India, official poverty lines are higher in some States than in others because UPSC Prelims 2019

Question 8 optionsApoverty rates vary from State to StateBprice levels vary from State to StateCGross State Product varies from State to StateDquality of public distribution varies from State to State
Q9. Consider the following statements : As per the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018
1. if rules for fixed-term employment are implemented, it becomes easier for the firms/companies to lay off workers
2. no notice of termination of employment shall be necessary in the case of temporary workman
Which of the statements given above is/are correct? UPSC Prelims 2019

Question 9 optionsA1 onlyB2 onlyCBoth 1 and 2DNeither 1 nor 2
Q10. With reference to India’s Five-Year Plans, which of the following statements is/are correct?
1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.
Select the correct answer using the code given below. UPSC Prelims 2019

Question 10 optionsA1 and 2 onlyB2 onlyC3 onlyD1, 2 and 3
Q11. With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :
1. AIIB has more than 80 member nations.
2. India is the largest shareholder in AIIB.
3. AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct? UPSC Prelims 2019

Question 11 optionsA1 onlyB2 and 3 onlyC1 and 3 onlyD1, 2 and 3
Q12. Which one of the following is not a sub-index of the World Bank's 'Ease of Doing Business Index'? UPSC Prelims 2019

Question 12 optionsAMaintenance of law and orderBPaying taxesCRegistering propertyDDealing with construction permits
Q13. The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus UPSC Prelims 2019

Question 13 optionsAtransportation cost onlyBinterest cost onlyCprocurement incidentals and distribution costDprocurement incidentals and charges for godowns
Q14. In the context of any country, which one of the following would be considered as part of its social capital? UPSC Prelims 2019

Question 14 optionsAThe proportion of literates in the populationBThe stock of its buildings, other infrastructure and machinesCThe size of population in the working age groupDThe level of mutual trust and harmony in the society
Q15. Consider the following statements :
1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries.
2. In terms of PPP dollars, India is the sixth largest economy in the world.
Which of the statements given above is/are correct? UPSC Prelims 2019

Question 15 optionsA1 onlyB2 onlyCBoth 1 and 2DNeither 1 nor 2

0 of 15 answered

Growth, Development, Schemes and Indices — UPSC Prelims PYQs (Set 2)

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