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Set 4: Part 1: Economics MCQ for Prelims
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Set 4: Part 1: Economics MCQ For Prelims!!

Akshay Kadam is teaching live on Unacademy Plus

Akshay Kadam
With 5 yr UPSC coaching experience; I wl help u get conceptual clarity of topics & their Applied Understanding to score more.

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  1. Economics Test Series For Prelims unacademy Master Economics with the help of Conceptual Objective Practice Questions, By Prof. Akshay D Kadam https://unacademy.com/user/AkshayDKadam


  2. Economics Sample Questions 17. Cost-push inflation is caused by a change in: 18. Which of the following is correct explanation of the Phillips curve? a. Demand b. Supply c. Money supply d. Interest rates a. Inflation causes unemployment b. Inflation reduces unemployment c. Unemployment causes inflation d. Inflation and unemployment are independent of each other https://unacademy.com/user/AkshayDKadam fppt.com


  3. Economics Sample Questions 19. The Phillips curve was proven incorrect because of which economic concept? 20. Consider following statements: Forward contracts are exchange-traded, standardized contracts ii. Future contracts are private agreements between two parties and are not rigid in their stated terms and conditions Select correct answer using codes given below a. Deflation b. Stagflation c. Inflation d. Monetary policy a. 1 only b. 2 only c. Both 1 and2 d. Neither 1 nor 2 https://unacademy.com/user/AkshayDKadam ppt.com


  4. Economics Test Series For Prelims unacademy Master Economics with the help of Conceptual Objective Practice Questions, By Prof. Akshay D Kadam https://unacademy.com/user/AkshayDKadam


  5. Economics Sample Questions 1. Which of the following are derivative instruments? Options Swaps Futures Debt Select correct answer using codes given below: 1 only 1, 2 and 3 only 1 and 3 only 1, 2, 3 and 4 https://unacademy.com/user/AkshayDKadam fppt.com


  6. Economics Sample Questions A is correct, R is incorrect. A is incorrect, R is correct. 2. Consider the following Assertion A: Hedge funds are managed less aggressively than mutual funds. Reason R: Popular technique of 'hedging refers to an investment taken out to limit the risk of another investment. Select correct answer using codes given below: Both A and R are correct and R is a correct explanation of A. Both A and R are correct but R is not a correct explanation of A. https://unacademy.com/user/AkshayDKadam fppt.com


  7. Economics Sample Questions 3. Consider the following statements about financial instruments: A call option permits the owner to buy an underlying good at a specified exercise price within a certain period whereas a put option permits the owner to sell the underlying commodity at a specified exercise price within a certain period Futures can be traded in commodity market whereas Options are used only in money market. Select correct answer using codes given below: 1 only 2 only Both 1 and 2 Neither 1 nor 2 https://unacademy.com/user/AkshayDKadam ppt.com


  8. Economics Sample Questions 4. Which of the following are core principals of WTO trading system? Non-Discrimination Binding and Enforceable Commitments Single Undertaking Safety Valves Select correct answer using codes given below: 5. Which of the following are principal legal agreements of WTO? Agreement on Trade-Related Aspects of Intellectual Property Rights Agreement on Labour Standards es given Select coGoods Agreemert Select correct answer using codes given below: 1 only 1 and 2 only 1 and 3 only 1, 2 and 3 1 only 1 and 2 only 1 and 3 only 1, 2 and 3 https://unacademy.com/user/AkshayDKadam fppt.com


  9. Economics Sample Questions 6. Consider the following Assertion A: India can provide preferential treatment to imports from Afghanistan Reason R: Preferential treatment is an exception to Most Favoured Nation principal of WTO. Select correct answer using codes given below: Both A and R are correct and R is a correct explanation of A. Both A and R are correct but R is not a correct explanation of A A is correct, R is incorrect. A is incorrect, R is correct. https://unacademy.com/user/AkshayDKadam fppt.com


  10. Economics Sample Questions Both 1 and2 Neither 1 nor 2 7. Consider the following statements: Countervailing duty is imposed on imports to offset the subsidies that are given in source country If a nation exports a product at a price lower than the price it normally charges on its own home market, it is said to be "dumping" the product and destination country can impose Anti-dumping duty to offset this. Select correct answer using codes givern below: 8. Which of the following are not under aegis of WTO? Trade-Related Investment Measures Multilateral Investment Guarantee Agency Agreement on rules of origin Agreement on application of sanitary and phyto-sanitary measures 1 only 2 only https://unacademy.com/user/AkshayDKadam fppt.comm


  11. Economics Sample Questions 11. 'Income generated from Tourism' can be placed under which of the following? 12. If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following? Invisible Import Invisible Export Visible Import Visible Export Fiscal adjustment Deficit Financing Statutory spending Retrenchment https://unacademy.com/user/AkshayDKadam fppt.com


  12. Economics Sample Questions 15. Which of the following are correctlyWhich of the above are correctly matched? matched? Vote on account: grant in advance to enable the government to carry on until the voting of demands for grants and the passing of the Appropriation Bill and Finance Bill. Interim budget: full budget made by the government during the last year of its term Vote of Credit: grant for meeting an unexpected demand upon the resources of India, due to the magnitude or the indefinite character of which, the demand cannot be stated with the details ordinarily given in a budget 1 and 2 only 2 only 1, 2 and 3 None of the above https://unacademy.com/user/AkshayDKadam fppt.com


  13. Economics Sample Questions https://unacademy.com/user/AkshayDKadam ppt.com