Structure of the Indian Economy (Civil Service Examination), Questions and Answers, GK for UPSC, Bank PO & All Exams

1. A consumer is said to be in equilibrium, if: [1998]

a. he is able to fulfill his need with a given level of income

b. he is able to live in full comforts with a given level of income

c. he can fulfill his needs without consumption of certain items

d. he is able to locate new sources of income

2. According to the World Development Report, low income economics are those for which the per capita GNP in 1994 was: [1998]

a. US $ 925 or less

b. US $825 or less

c. US $725 or less

d. US $525 or less

3. Assertion (A): Devaluation of a currency may promote export.
Reason (R): Price of the country's products in the international market may fall due to devaluation. [1999]

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is not a correct explanation of A

c. A is true but R is true

d. A is false but R is true

4. The Narasimham Committee for financial sector Reforms has suggested reduction in [1995]

a. SLR and CRR

b. SLR, CRR and Priority Sector Financing

c. SLR and Financing to capital goods sector

d. CRR, Priority Sector Financing and Financing to capital goods sector

5. Which one of the following is true regarding the Jawahar Rozgar Yojana (JRY)? [1995]

a. It was launched during the Prime Minister-ship of India Gandhi

b. It aims at creating one million jobs annually

c. The target group of JRY are the urban poor living below the poverty line

d. Under the scheme 30% of the employment generated is reserved for women

6. The Capital Account Convertibility of the Indian Rupee implies: [1998]

a. that the Indian Rupee can be exchanged by the authorised dealers for travel

b. that the Indian Rupee can be exchanged for any major currency for the purpose of trade in goods and services

c. that the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assets

d. None of the above

7. From the balance sheet of a company, it is possible to: [1999]

a. judge the extent of profitability of this company

b. assess the profitability and size of the company

c. determine the size and composition of the assets and liabilities of the company

d. determine the market share, debts and assets of the company

8. What is the correct sequence of the descending order of the following States in respect of female literacy rates as per the 2001 census? [1997]
1. Mizoram
2. Kerala
3. Goa
4. Nagaland
Choose the correct answer using the codes given below:
Codes:

a. 2,1,3,4

b. 2,3,4,1

c. 2,3,4,1

d. 1,2,4,3

9. Human Development Index comprises literacy rates, life expectancy at birth and [1997]

a. Gross National Product per head in the US dollars

b. Gross Domestic Product per head at real purchasing power

c. Gross National Product in US dollars

d. National Income per head in US dollars

10. The main reason for low growth rate in India, inspite of high rate of savings and capital formation is: [1995]

a. high birth rate

b. low level of foreign and

c. low capita/output ratio

d. high capita/output ratio

General Knowledge

1. World Geography -Test-01

2. World Geography -Test-02

3. World Geography -Test-03

4. Geography of India -Test-01

5. Geography of India -Test-02

6. Geography of India -Test-03

7. Geography of India -Test-04

8. Geography of India -Test-05

9. History of India - Test - 01

10. History of India - Test - 02

11. History of India - Test - 03

12. History of India - Test - 04

13. History of India - Test - 05

14. History of India - Test - 06

15. History of India - Test - 07

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