IAS Prelims 2014: Gs Paper I: Economic And Social Development: Previous Year Questions

60 Questions | Total Attempts: 626

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  • 1. 
    The balance of payments of a country is a systematic record of
    • A. 

      All import and transactions of a during a given period normally a year

    • B. 

      Goods exported from a country during a year

    • C. 

      Economic transactions between the government of one country to another

    • D. 

      Capital movements from one country to another

  • 2. 
    The Reserve Bank of India regulates the commercial banks in matters of1. liquidity of assets2. branch expansion3. merger of banks4. winding-up of banksSelect 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

  • 3. 
    Which of the following constitute Capital Account?1. Foreign Loans2. Foreign Direct Investment3. Private Remittances4. Portfolio InvestmentSelect 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

  • 4. 
    Consider the following statements: 1. Inflation benefits the debtors.2. Inflation benefits the bond-holders.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

  • 5. 
    Consider the following liquid assets:1.Demand deposits with the banks2.Time deposits with the banks3.Savings deposits with the banks4.CurrencyThe correct sequence of these decreasing orders of Liquidity is 
    • A. 

      1-4-3-2

    • B. 

      4-3-2-1

    • C. 

      2-3-1-4

    • D. 

      4-1-3-2

  • 6. 
    An increase in the Bank Rate generally indicates 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

  • 7. 
    In India, deficit financing 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

  • 8. 
    Disguised unemployment generally means
    • A. 

      Large number of people remain unemployed

    • B. 

      Alternative employment is not available

    • C. 

      Marginal productivity of labour is zero

    • D. 

      Productivity of workers is low

  • 9. 
    In the context of Indian economy, Open Market Operations' refers to
    • A. 

      Borrowing by scheduled banks from the RBI

    • B. 

      Lending by commercial banks to industry and trade

    • C. 

      Purchase and sale of government securities by the RBI

    • D. 

      None of the above

  • 10. 
    Priority Sector Lending by banks in India constitutes the lending to
    • A. 

      Agriculture

    • B. 

      Micro and small enterprises

    • C. 

      Weaker sections

    • D. 

      All of the above

  • 11. 
    A rise in general level of prices may be caused by1. an increase in the money supply2. a decrease in the aggregate level of output3. an increase in the effective demandSelect the correct answer using the codes given below.
    • A. 

      1 only

    • B. 

      1 and 2 only

    • C. 

      2 and 3 only

    • D. 

      1, 2 and 3

  • 12. 
    Which one of the following groups of items is included in India's foreign-exchange reserves?
    • A. 

      Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries

    • B. 

      Foreign-currency assets, gold holdings of the RBI and SDRs

    • C. 

      Foreign-currency assets, loans from the World Bank and SDRs

    • D. 

      Foreign-currency assets, gold holdings of the RBI and loans from the World Bank

  • 13. 
    Which one of the following is likely to be the most inflationary in its effect?
    • A. 

      Repayment of public debt

    • B. 

      Borrowing from the public to finance a budget deficit

    • C. 

      Borrowing from banks to finance a budget deficit

    • D. 

      Creating new money to finance a budget deficit

  • 14. 
    To obtain full benefits of demographic dividend, what should India do?
    • A. 

      Promoting skill development

    • B. 

      Introducing more social security schemes

    • C. 

      Reducing infant mortality rate

    • D. 

      Privatization of higher education

  • 15. 
    Supply of money remaining the same when there is an increase in demand for money, there will be
    • A. 

      A fall in the level of prices

    • B. 

      An increase in the rate of interest

    • C. 

      A decrease in the rate of interest

    • D. 

      An increase in the level of income and employment

  • 16. 
    Economic growth in country X will necessarily have to occur if
    • A. 

      There is technical progress in the world economy

    • B. 

      There is population growth in X

    • C. 

      There is capital formation in X

    • D. 

      The volume of trade grows in the world economy

  • 17. 
    The national income of a country for a given period is equal to the
    • A. 

      Total value of goods and services produced by the nationals

    • B. 

      Sum of total consumption and investment expenditure

    • C. 

      Sum of personal income of all individuals

    • D. 

      Money value of final goods and services produced

  • 18. 
    Which of the following grants/ grant direct credit assistance to rural households?1. Regional Rural Banks2. National Bank for Agriculture and Rural Development3. Land Development BanksSelect the correct answer using the codes given below: 
    • A. 

      1 and 2 only

    • B. 

      2 only

    • C. 

      1 and 3 only

    • D. 

      1, 2 and 3

  • 19. 
    With reference to the usefulness of the by-products of sugar industry, which of the following statements is / are correct?1. Bagasse can be used as biomass fuel for the generation of energy.2. Molasses can be used as one of the feed stocks for the production of synthetic chemical fertilizers.3. Molasses can be used for the production of ethanol.Select the correct answer using the codes given below.
    • A. 

      1 only

    • B. 

      2 and 3 only

    • C. 

      1 and 3 only

    • D. 

      1, 2 and 3

  • 20. 
    Which one among the following industries is the maximum consumer of water in India?
    • A. 

      Engineering

    • B. 

      Paper and pulp

    • C. 

      Textiles

    • D. 

      Thermal power

  • 21. 
    Which of the following can be said to be essentially the parts of ‘inclusive Governance’?1. Permitting the Non-Banking Financial Companies to do banking2. Establishing effective District planning Committees in all the districts3. Increasing the government spending on public health4. Strengthening the Mid-day Meal SchemeSelect the correct answer using the codes given below:
    • A. 

      1 and 2 only

    • B. 

      3 and 4 only

    • C. 

      2, 3 and 4 only

    • D. 

      1, 2, 3 and 4

  • 22. 
    With reference to National Rural Health Mission, which of the following are the jobs of ‘ASHA’, a trained community health worker?1. Accompanying women to the health facility for antenatal care checkup2. Using pregnancy test kits for early detection of pregnancy3. Providing information on nutrition and immunization4. Conducting the delivery of babySelect the correct answer using the codes given below: 
    • A. 

      1, 2 and 3 only

    • B. 

      2 and 4 only

    • C. 

      1 and 3 only

    • D. 

      1, 2, 3 and 4

  • 23. 
    How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor?1. By setting up a large number of new manufacturing industries and agribusiness centers in rural areas2. By strengthening ‘self-help groups’ and providing skill development3. By supplying seeds, fertilizers, diesel pump-sets and micro-irrigation equipment free of cost to farmersSelect the correct answer using the codes given below: 
    • A. 

      1 and 2 only

    • B. 

      2 only

    • C. 

      1 and 3 only

    • D. 

      1, 2 and 3

  • 24. 
    The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following?1. Deprivation of education, health, assets and services at household level2. Purchasing power parity at national level3. Extent of budget deficit and GDP growth rate at national levelSelect the correct answer using the codes given below:
    • A. 

      1 only

    • B. 

      2 and 3 only

    • C. 

      1 and 3 only

    • D. 

      1, 2 and 3

  • 25. 
    What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector?1. Setting up of National Investment and manufacturing Zones2. Providing the benefit of ‘single window clearance’3. Establishing the Technology Acquisition and Development FundSelect the correct answer using the codes given below:
    • A. 

      1 only

    • B. 

      2 and 3 only

    • C. 

      1 and 3 only

    • D. 

      1, 2 and 3

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