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Set 5: Part 9: Economics MCQ for Prelims
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Set 5: Part 9: 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.

U
Unacademy user
Speechless...... Thanks a lot.... Make a lecture on how to write Vyakhya of Gadh and padh.
Aditya Jalan
2 months ago
Hello All, Thanks for your replies. I had been keeping busy in my private job schedule and couldn't take out time for you all through unacademy. Really SORRY for that. Still, I would like to contribute in whatever way I can. So, please co-operate me with this. Kindly, share with me specific topics in Gadya, Padya that you want detailed desciption. Kindly share specific questions that you want answer. And if possible, kindly share me pdf/image of topic which you want to be discussed, Ill definitely share. I have planned to invest 2 hours daily on unacademy from Septmeber mid to October last. Please help me make the best out of it. You can share your questions on email too - sumukhjalan@gmail.com However, all the videos will be on this platform only. THANKS in ADVANCE :)
doubt, sir i think FC recommend Horizontal + vertical + interstate tax devolution so I think ans should be (C)
Akshay Kadam
8 months ago
Nimesh Finance commission does recommend Vertical devolution but does not try to address any type of Imbalance but it does address horizontal imbalance like giving more grants to less tax generating States as compared to developed states like UP gets more than Maharashtra.
  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. Union government has set up Subhash Garg Committee', with GeM 3.0 which of the following mandate? 1) It is third version of Government e- a) Regulation of Fintech sector in Marketplace; launched by Ministry of India b) Addressing technological loopholes in banking sector c) Addressing aftereffects of demonetization and gst to revive Government growth d) To bring more stringent laws on a) 1 Only banking frauds. Consider the following statements about Commerce and Industry. 2) GeM is an Online Market platform to facilitate procurement of goods and services by various Ministries and agencies of the Which of the above statements are correct? b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 https://unacademy.com/user/AkshayDKadam


  3. According to recent report published by No money can be withdrawn without World Steel Association (WSA); which prior parliamentary approval from of the following is correct order of top 1) Consolidated fund of India. three largest crude steel producer of the 2) Contingency Fund of India. world? a) CHINA JAPAN INDIA b) USA> JAPAN INDIA c) USA>CHINA>INDIA d) CHINA> USA INDIA 3) Public Account Of India Options - a) Only 1 b) Only 1 and 2 c) Only 3 d) 1 2 and3 https://unacademy.com/user/AkshayDKadam


  4. The Finance commission through system of tax devolution and grants in 1) The expenditure that does not result in to aid addresses which of the following creation of assets for government of India is factors? 1) Horizontal imbalance among states 2) Vertical imbalance between Centre is treated as revenue receipt. and states. 3) Inter State inequality. 4) Intra State inequality. Which among the above are correct statements? statements? a) Only 1 and 3 b) Only 1 and 4 c) Only 1 2 and 3 d) Only 3 and 4 Consider the following statements about treated as revenue expenditure. 2) The receipt that does not result in to creation of liabilities for government of India 3) All grants given to State and UT's are treated as revenue expenditure. Which among the above are correct a) Only 1 and 3 b) Only 2 and 3 c) Only 1 and 2 d) 1 2 and 3


  5. Consider the following statements What is the significance of putting various about NSSF 1) NSSf is a part of Public Account of India 2) Only Central government can banks and other financial institutions. borrow money from NSSF Which among the above are correct statements? a) Only 1 b) Only 2 c) Both 1 and 2 d) Neither 1 nor 2 economic sectors in the harmonised master list infrastructure sector?a) It will help get sectors financial supports from b) It will help get sectors ease of doing business by faster land acquisition process. c) It will help get sectors less regulation by the government d) It will help get sectors tax breaks and tax exemptions so as to make infrastructure sectors in list more competitive. https://unacademy.com/userlAkshayDKadam


  6. Consider the following statements about Consider the following Assertion A: Falling of Dependency ratio; Gini coefficient and its relation with decreases saving and investment Reason R: In case of increasing dependency ratio Government may increase tax rates to account for increased spending on social sector related with Gini coefficient. schemes like pensions leading to reduction in disposable income.. Select correct answer using codes given with Gini Coefficient. below: a) Both A and R are correct and R is a correct? correct explanation of A. b) Both A and R are correct but R is not b) 1 and 3 only a correct explanation of A. c) A is correct, R is incorrect. d) A is incorrect, R is correct. 2 different factors 1) Gini coefficient varies inversely with median age of population. 2) High GDP growth rate is negatively 2 3) Percentage of population in Agriculture sector is negatively related 0 Which of the above statements is/are a) 1 and 2 only c) 2 and 3 only d) 1 2 and 3 only


  7. Consider the following statements about The Asian Development Bank (ADB) has Index of Industrial Production (IIP) 1) Index of Industrial Production (IIP) is released by the Central Statistics Office 2022 to help fasten inclusive economic (CSO) of the Ministry of Statistics and Programme Implementation with base year status. The ADB's programme in India will focus of 2011-12 2) The Eight Core Industries comprise around 50 per cent of the weight of items more and well-paid jobs. included in the Index of Industrial Production (IP) Which of the above statements is/are correct? a) 1 only b) 2 only c) Both 1 and 2 d) Neither 1 nor 2 decided to increase its annual lending to India to maximum of $4 billion between 2018 and transformation towards upper middle income on which of the following parameters? 1) Boost economic competitiveness to create 2) Improve access to infrastructure and services. 3) Address climate change and improving climate resilience. 4) Increasing farm productivity Options - a) 1 and 2 Only b) 3 and 4 Only c) 1 2 and 3 Only d) All the above


  8. Consider the following statements about Asian Consider the following statements about Development Bank - 1) ADB is a regional development bank which 1) Universal Basic Income is a form of social aims to promote social and economic development headquartered in Tokyo Japan. it's called universal. 2) Japan is largest shareholder (capital subscription) of ADB having 15.7% shares | requirement to work or to demonstrate followed by China (15.6%). 3) India is largest borrower country from ADB 3) It is means to demolish complex welfare followed by Indonesia and China. Which of the above statements are correct? transfer obligations without weakening work Options a) 1 and 2 Only b) 2 and 3 Only c) 1 2 and 3 Only d) None the above Universal Basic Income. security paid to every Household; that's why 2) It is unconditional and paid without a willingness-to-work bureaucracies while meeting some social incentives significantly Which of the above statements are correct? a) 1 2 3 b) 1, 3 c) 1 2 d) 2 3


  9. Consider the following statements about State Bank of India (SBI) along with FTSE Masala Bonds 1) Masala bonds are bonds issued outside India but denominated in Indian Exchange (LSE). Bond Index aims to- Rupees 2) Currently, masala bonds are reckoned investors in international markets to analyse both under combined corporate debt limit India's government bond market (CCDL) for FPl (Foreign Portfolio Investments) and external commercial investors in international markets to analyse borrowings (ECBs) Which of the above statements are correct? a) Only 1 b) Only 2 c) Both are correct d) None of the above Russell, global index and data provider launched FTSE SBI Bond Index series at London Stock 1) transparent and reliable benchmark for 2) transparent and reliable benchmark for India's Corporate bond market. Which of the above statements are correct? a) Only 1 b) Only 2 c) Both are correct d) None of the above https://unacademy.com/userlAkshayDKadam


  10. GST council is headed by which of the Consider the following statements about following dignitory? a) Prime Minister of India b) Finance Minister of India c) Chief Economic Adviser to the Government of India d) CM of state elected by GST council Which of the above statements are members from among themselves. Standing Deposit Facility' 1) It is new monetary instrument by RBI to suck out liquidity from market. 2) It does not require provision of collateral for liquidity absorption. correct - a) Only 1 b) Only 2 c) Both 1 and 2 are True d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  11. Consider the following statements about |Which of the following have been CRR and 'Standing Deposit Facility declared by RBl as Domestically 1) For CRR, RBI requires to issue collaterals in the form of government1) ICICI bank ltd securities; for which RBl pays no interest. 2)RBl will have to pay interest to banks 4) Bank of Baroda for money absorbed by RBl under Standing deposit facility Which of the above statements are correct a) Only 1 b) Only 2 c) Both 1 and 2 are True d) Neither 1 nor 2 correct Systematically important banks? 2) SBl 3) HDFC bank ltd Options- a) 1 and 2 only b) 1 and 3 Only c) 2 and 3 Only d)1 2 and 3 Only https://unacademy.com/user/AkshayDKadam


  12. Which of the following is a Consider the following statements of comparison about Hybrid Instrument that is Preference Share holders and Equity share holders - combination of loan and 1) Preference shares represent partial ownership in a ownership instrument? company, although preferred stock shareholders do not a) Non Convertible debentures b) Bond Holders c) Preference Share holders d) Equity Share holders Options enjoy any of the voting rights like Equity share holders. 2) Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before Equity share holders Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  13. Consider the following statements Consider the following statements about Cess about Payments banks 1) The payments bank cannot undertake lending activities. 2) Payments bank are not allowed to states. issue ATM/debit cards and credit 2) Both Surcharge and Cess goes to cards. Which of the above statements are only for the specific purposes. incorrect? a) 1 Only b2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct and Surcharge? 1) A common feature of both surcharge and cess is that the centre need not share it with Consolidated Fund of India but can be spend Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  14. T K Viswanathan committee on The LDB project was unveiled in July fair market conduct is set up by 2016 to make India's logistics sector which of the following bodies? more efficient through the use of a) Competition commission of Information Technology; was launched India b) IRDA c) SEBI d) RBl by which of the following ministry? a) The Union Ministry of Shipping b) Ministry of Road Transport and Highways c) Ministry of Railways d) Ministry of Civil Aviation https://unacademy.com/user/AkshayDKadam


  15. Which of the following falls under Which of the following steps are Export and Import of Services under taken in case o BOP Current Account of India? 1) Money spent on travel by Tourists. 1) Monetary expansion. 2) Tuition paid to Universities by 2) Devaluation of currency. International Students. 3) Banking Insurance and consulting 4) Depreciation of currency. services in Foreign Land. 4) Interest received on international a) 1 and 2 investments. Options - a) 1 2 and 3 b) 1 2 and4 c) 2 3 and 4 d) 1 3 and 4 disequilibrium/Deficit? 3) Monetary contraction. Options b) 1 and 4 c) 3 and d) 3 and 2 https://unacademy.com/userlAkshayDKadam


  16. The Indo Pacific Freedom corridor project, that aims to create infrastructure and connectivity project is joint initiative of which of the following countries? a) India and Japan b) India and USA c) India and ASEAN d) India and Australia https://unacademy.com/user/AkshayDKadam