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Set 5: Part 4: Economics MCQ for Prelims
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Set 5: Part 4: 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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Unacademy user
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rajkiy arakshan ani samajik v shaikshnik arakshan yamdhe nemka farak kay? means rajkiy arakshanach exmpl kay asu shkate?
Hanumant Hande
8 months ago
We will cover it in todays special class live .. Please join it
nnp is related to national income sir clear my doubt
  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. Consider the following statements about GDPWhich of the following is 1) GDP makes no adjustment for leisure time calculated as National 2) GDP doesn't adjust for the distribution of goods 3) GDP is not good indicator to judge whether thee economy is contracting or expanding, whether a threat such as a recession or inflation looms on the horizon. 4) GDP does not cover negative externalities but c) GVA at basic prices of covers opportunity costs involved Which of the above statements are correct a)3and 4 b) 1 2 and3 c) 1 2 and 4 d) 1 2 Income of India? a) GDP at factor cost of factor cost prices of 2011-12 n or inflation looms on ) GDP at cons prices of 2011-12 2011-12 d) Net national product at factor cost prices of 2011-12 https://unacademy.com/user/AkshayDKadam


  3. 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


  4. Consider the following statements about Consider the following statements about Revenue budget and Capital Budget Macr 1) Though Loan recovery is capital receipt;, the interest received on thesethat the government is spending most of loans is revenue receipt. 2) Though government borrowing to finance fiscal deficit do not fall under government may lead to higher real capital receipts; the interest paid on such interest rates. borrowings is placed under capital expenditure Which of the above statements are correct? a) 1 Only b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 Macroeconomics 1) An Expansionary Fiscal policy means its revenue. 2) Excessive domestic borrowing by the Which of the above statements are correct? a) 1 Only b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 https://unacademy.com/user/AkshayDKadam


  5. Consider the following statements about Consider the following are examples of Fiat money? 1) It has no or a negligible intrinsic value. 1) Savings Account. 2) It is not convertible by law to any other 2) Bank Time deposits/Certificates of thing. 3) It is not fixed in value in terms of any 3) It is not fixed in value in terms of any objective standards. 4) It is money that is backed by nothing. 4) Hard foreign currencies. Which among the above are correct statements? Options - ) 2 3 and 4 b) 1 2 and3 c) 1 2 and 4 d) 1 2 3 and 4 Near Money/Quasi-Money? Deposits. objective standards. Which among the above are correct statements? Options - ) 2 3 and 4 b) 1 2 and3 c) 1 2 and 4 d) 1 2 3 and 4 https:/lunacademy.com/userlAkshayDKadam


  6. Which of the following is part of totalConsider the following statements about supply of money in the economy? 1) Money held by the households, firms,1) It Is body under RBi created as part of local authorities and companies etc. 2) Money held by central government in 2) It Gives recommendations for the treasury. 3) Money held as CRR and SLR by n commercial banks with RBI. Which among the above are correct statements? Options - (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) Only 1 Banks Board Bureau Seven Point Indra Dhanush Mission. appointment of full-time Directors as well as non-Executive Chairman of PSBs. Which of the above statements are correct? a) 1 Only b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 https://unacademy.com/user/AkshayDKadam


  7. Consider the following statements about Which of the following actions are Banks Board Bureau 1) India ranked 130th out of 186 economies in recently released Index of action? Economic Freedom 2018. 2) The index was released by top US Branches based Think Tank, The Heritage Foundation. Which of the above statements are correct? a) 1 Only b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 instituted by RBI against banks which are brought under Prompt Corrective 1) Restriction on expansion of Bank 2) Restriction on Staff recruitment 3) Higher provisioning for loans 4) Stop on loans and Advances. Options - a) 1 2 and 3 Only b) 1 2 and 4 Only c) 2 3 and 4 Only d) 1 2 3 and 4 https://unacademy.com/userlAkshayDKadam


  8. Which of the following factors can affectConsider the following statements about the exchange rates? 1) Differentials in Inflation 2) Differentials in Interest Rates 3) Political Stability 4) Current-Account Deficits. Which among the above are correct statements? Options ) 2 3 and 4 b) 1 2 and 3 c) 1 2 and 4 d) 1 2 3 and 4 GDP and GVA measures of economic activity - 1) The GDP methodology gives picture of state of economic activity from producers' side or supply side.. 2) The GVA model gives picture from consumers' side or demand perspective. Which of the above statements are correct? a) 1 Only b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 0 https:/lunaca demy.com/user/AkshayDKadam