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Set 5: Part 2: Economics MCQ for Prelims
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Set 5: Part 2: Economics MCQ For Prelims!!

Akshay Kadam is teaching live on Unacademy Plus

Akshay Kadam
I have 4 Years of Experience in Coaching. My Wife & My First Student in UPSC journey, Mrs. Madhulika Kadam, Cracked UPSC with AIR 190 Rank.

U
Unacademy user
sir se ye P(E/F) aur P(F/E) me bhut confusion ho rha h plx help
Abhishek Dhiman
7 months ago
Ok please wait for next lesson
Sushma yadav
7 months ago
ok sir
Sushma yadav
7 months ago
?????
Abhishek Dhiman
7 months ago
I have uploaded new lesson please check
Sushma yadav
7 months ago
thnk u so much sir
Abhishek Dhiman
7 months ago
welcome
  1. Economics Test Series For Prelims Master Economics with the help of Conceptual Objective unacademy Practice Questions, By Prof. Akshay D Kadam https://unacademy.com/user/AkshayDKadan


  2. Which of the following is Which of the following is India's largest agricultural used for the measurement of commodity by export value and Import Value? distribution of income? a) Laffer Curve b) Engel's Law c) Lorenz Curve d) Philip Curve a) Basmati Rice By Export Value and Vegetible Edible Oil by Import Value b) Tea By Export Value and Vegetible Edible Oil by Import Value C) Basmati Rice By Export Value and Pulses Import Value d) Tea By Export Value and Pulses by Import Value https://unacademy.com/user/AkshayDKadam


  3. Consider the following statements and Consider the following statements and mark the correct one - 1) India is one of the largest producers of 1) Gross cropped area is the total area oilseeds in the world and this sector occupies an important position in the agricultural economy. 2) Edible Oils have been India's largest crops but is counted only once. import commodity. This is because the Which of the above statements are consumption is high, and productivity is true? low. Which of the above statements are true? b) Only 2 is correct a) Only 1 is correct b) Only 2 is correct c) Both 1 and 2 are correct d) Neither 1 nor 2 is correct mark the correct one - 5 sown once as well as more than once in particular year. 2) Net Sown Area is the area sown with a) Only 1 is correct c) Both 1 and 2 are correct d) Neither 1 nor 2 is correct https://unacademy.com/user/AkshayDKadam


  4. Consider the following statements and Consider the following statements and mark the correct one - 1) Thailand, Indonesian and Malaysia1) In terms of Million tons; India are the top natural r bber producingproduces more Fruits and Vegetables countries 2) Kerala accounts for more than 90 2) India has emerged as Second largest Percent of total rubber production of the producer of Fruits and vegetables after Country Which of the above statements are true? Which of the above statements are true? a) Only 1 is correct b) Only 2 is correct c) Both 1 and 2 are correct d) Neither 1 nor 2 is correct mark the correct one - than Food grains. China. a) Only 1 is correct b) Only 2 is correct c) Both 1 and 2 are correct d) Neither 1 nor 2 is correct https://unacademy.com/user/AkshayDKadam


  5. Consider the following statements about distribution of Food Grains through Public Type of revolution Product distribution system 1) Minimum Support Price (MSP) is the price 2) Silver Revolution B) Fruits at which Central Government Procures food 3) Pink Revolution C) Meat grains 2) Central Issue Price(CSP) is the price at Options which government makes these food grains a) 1-A, 2-B, 3-C, 4-D available to states. Match the following pairs 1) Golden Revolution A) Eggs 4) Grey Revolution D) Fertilizers b) 1-B, 2-A, 3-C, 4-D | c) 1-A, 2-B, 3-D, 4-C d) 1-8, 2A, 3-D: 4-C 3) FCI fix Retail price to be charged at Fair price shops under PDS Which of the above statements are Correct? a) 1 and 2 is correct b) 2 and 3 is correct c) 1 2 and 3 are correct d) 1 and 3 are wrong https://unacademy.com/userlAkshayDKadam


  6. Arrange the stages of Economic Consider the following statements about GVA Integration in correct sequence: and GDP 1.) Free Trade Agreement 2.) Preferential trade Agreement Production taxes Production subsidies. 3.) Common Market 4.) Custom Union Select the correct answer using Which of the above statements are correct the codes given below a) 1-2-3-4 b) 2-1-3-4 c) 2-1-4-3 d) 1-3-2-4 1) GVA at basic prices GVA at factor cost + 2) GDP at market prices GVA at basic prices + Product taxes- Product subsidies. a) Only 1 b) Only 2 c) Both are correct d) None of the above https://unacademy.com/userlAkshayDKadam


  7. Consider the following statements Consider the following statements about India's Forex about different economic terms- 1) Higher value of Primary deficit is a 1) Indian Forex reserves are on account of capital key vulnerability of India compared to account surplus while Chinese forex reserves are on other emerging economies. 2) Fiscal deficit includes SLR in it. 3) Fiscal deficit includes debt creating Chinese Forex reserves as they got accumulated as well as non debt creating capital through capital account flows instead of trade surplus. receipts Which of the above statements are a) Only 1 correct a) 2 and 3 b) 1 and 3 c) 1 and 2 d) 2 Reserve viz viz China's and mark correct statements - account current account surplus. 2) Quality of Indian Forex reserves is much better than Options - b) Only 2 c) Both 1 and 2 are correct d) Both 1 and 2 are wrong https://unacademy.com/user/AkshayDKadam


  8. Unemployment which exists in Nirbhaya Fund is Administered by? any economy due to changes in a) Ministry of Women and Child economic factors like introduction Development of computers or Artificial intelligence is termed as? a) Cyclical unemployment b) Structural unemployment c)Frictional unemployment d) None of the above b) Department of Economic Affairs (DEA) c) Ministry of Home affairs d) Empowered Committee of Officers appointed by Women and child development Minister. https://unacademy.com/userlAkshayDKadam


  9. If foreign banks with less than 20 Finances to Which of the following branches do not meet RBI's Priority sector lending targets; classification as per RBl rules? they contribute their fund to a) NABARD's Rural Infrastructure 2) Housing loan Development Fund (RIDF) b) Small Industries development 4) Women fund of SIDBI c) Natinal equity fund of SIDBI Options d) Contribute to Reginal Rural a) 2 3 4 and 5 Banks funds. comes under Priority sector 1) Export credit 3) Medium enterprises 5) Minorities b) 2 4 and5 c) 1 2 34 and 5 d) 2 and 3 https://unacademy.com/user/AkshayDKadam


  10. Which of the following Consider the following statements about WPI and factors increase the Velocity of Money in 1) WPl is Compiled by Office of Economic Circulation? 1) Money in the hands of with base year of 2011-12 rich people 2) Inflationary times in prepared by Central Statistical Organisation economy 3) Financial inclusion Programme Implementation with base year of 4) Developed economy. 2011-12. Options- a) 1 2 and 4 b) 1 3 4 c) 2 3 4 d) 3 and 4 CPI Adviser under Ministry of Commerce and Industry 2) CPI Urbal, Rural and consolidated are (CSO) under Ministry of Statistics and Which of the above statements are correct a) Only 1 b) Only 2 c) Both are correct d) None of the above


  11. Consider the following statements Consider the following statements about about government securities 1) All government securities are fully are commercial loans borrowed from tradable and are eligible for SLR collateral transactions. 2) Only Central govt can issue treasury 2) In case of FDI, foreign money is used bills while dated securities are issued only to finance the equity Capital. But in by state as well as central govts. 3) Treasury bills carry fixed interest finance any kind of funding other than rates while dated securities carry floating interest rates. Which of the above statements are Options correct a) 2 b) 1 2 c) 1 2 3 d) 2 and 3 External Commercial Borrowings 1) ECBs foreign sources for financing the commercial activities in India. case ECBs, foreign money is used to equity Which of the above statements are correct? a. 1 only b. 2 only c. Both 1 and 2 d. Neither 1 nor 2 https:/lunacademy.com/user/AkshayDKadam