#1. The Government of India has established NITI Aayog to replace the (2015)

Human Rights Commission

Finance Commission

Law Commission

Planning Commission

#2. Convertibility of rupee implies (2015)

being able to convert rupee notes into gold

allowing the value of rupee to be fixed by market forces

freely permitting the conversion of rupee to other currencies and vice versa

developing an international market for currencies in India

#3. With reference to the Fourteenth Finance Commission, which of the following statements is/ are correct? [2015] 1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent. 2. It has made recommendations concerning sectorspecific grants. Select the correct answer using the code given below

1 only

2 only

Both 1 and 2

Neither 1 nor 2

#4. (d) Agricultural Produce Market Committee 80. 'Pradhan Mantri Jan-Dhan Yojana' has been launched for (2015)

providing housing loan to poor people at cheaper interest rate

promoting women's Self-Help Groups in backward areas

promoting financial inclusion in the country

providing financial help to the marginalized communities

#5. The Fair and Remunerative Price (FRP) of sugarcane is approved by the (2015)

Cabinet Committee on Economic Affairs

Commission for Agricultural Costs and Prices

Directorate of Marketing and Inspection, Ministry of Agriculture

Agricultural Produce Market Committee

#6. There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit? [2015] 1. Reducing revenue expenditure 2. Introducing new welfare schemes 3. Rationalizing subsidies 4. Expanding industries Select the correct answer using the code given below

1 and 3 only

2 and 3 only

1 only

1, 2, 3 and 4

#7. With reference to inflation in India, which of the following statements is correct? (2015)

Controlling the inflation in India is the responsibility of the Government of India only

The Reserve Bank of India has no role in controlling the inflation

Decreased money circulation helps in controlling the inflation

Increased money circulation helps in controlling the inflation

#8. With reference to 'Indian Ocean Rim Association for Regional Cooperation (IOR-ARC)', consider the following statements: [2015-I] 1. It was established very recently in response to incidents of piracy and accidents of oil spills. 2. It is an alliance meant for maritime security only. Which of the statements given above is / are correct? (2015)

1 only

2 only

Both 1 and 2

Neither 1 nor 2

#9. What does venture capital mean? (2014)

A short-term capital provided to industries

A long-term start-up capital provided to new entrepreneurs

Funds provided to industries at times of incurring losses

Funds provided for replacement and renovation of industries

#10. The sales tax you pay while purchasing a toothpaste is a (2014)

tax imposed by the Central Government

tax imposed by the Central Government but collected by the State Government

tax imposed by the State Government but collected by the Central Government

tax imposed and collected by the State Government

#11. With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure? [2014 ] 1. Defence expenditure 2. Interest payments 3. Salaries and pensions 4. Subsidies Select the correct answer using the code given below

1 only

2 and 3 only

1, 2, 3 and 4

None

#12. If the interest rate is decreased in an economy, it will (2014)

decrease the consumption expenditure in the economy

increase the tax collection of the Government

increase the investment expenditure in the economy

increase the total savings in the economy

#13. Economic growth in country X will necessarily have to occur if (2013)

there is technical progress in the world economy

there is population growth in X

there is capital formation of X

the volume of trade grows in the world economy

#14. Supply of money remaining the same when there is an increase in demand for money, there will be (2013)

a fall in the level of prices

an increase in the rate of interest

a decrease in the rate of interest

an increase in the level of income and employment

#15. Which one of the following is likely to be the most inflationary in its effect? (2013)

Repayment of public debt

Borrowing from the public to finance a budget deficit

Borrowing from banks to finance a budget deficit

Creating new money to finance a budget deficit

#16. A rise in general level of prices may be caused by [2013 ] 1. an increase in the money supply 2. a decrease in the aggregate level of output 3. an increase in the effective demand Select the correct answer using the codes given below

1 only

1 and 2 only

2 and 3 only

1, 2 and 3

#17. To obtain full benefits of demographic dividend, what should India do? (2013)

Promoting skill development

Reducing infant mortality rate

Privatization of higher education

#18. Who among the following constitute the National Development Council? [2013 ] 1. The Prime Minister 2. The Chairman, Finance Commission 3. Ministers of the Union Cabinet 4. Chief Ministers of the States Select the correct answer using the codes given below.

1, 2 and 3 only

1, 3 and 4 only

2 and 4 only

1, 2, 3 and 4

#19. Which of the following would include Foreign Direct Investment in India? [2012 ] 1. Subsidiaries of foreign companies in India 2. Majority foreign equity holding in Indian companies 3. Companies exclusively financed by foreign companies 4. Portfolio investment Select the correct answer using the codes given below:

1, 2, 3 and 4

2 and 4 only

1 and 3 only

1, 2 and 3 only

#20. Which of the following measures would result in an increase in the money supply in the economy? [2012 ] 1. Purchase of government securities from the public by the Central Bank 2. Deposit of currency in commercial banks by the public 3. Borrowing by the government from the Central Bank 4. Sale of government securities to the public by the Central Bank Select the correct answer using the codes given below:

1 only

2 and 4 only

1 and 3

2, 3 and 4

#21. Under which of the following circumstances may ‘capital gains’ arise? [2012 ] 1. When there is an increase in the sales of a product 2. When there is a natural increase in the value of the property owned 3. When you purchase a painting and there is a growth in its value due to increase in its popularity Select the correct answer using the codes given below

1 only

2 and 3 only

2 only

1, 2 and 3

#22. Consider the following specific stages of demographic transition associated with economic development : [2012 ] 1. Low birthrate with low death rate 2. High birthrate with high death rate 3. High birthrate with low death rate Select the correct order of the above stages using the codes given below

1, 2, 3

2, 1, 3

2, 3, 1

3, 2, 1

#23. Which of the following is /are among the noticeable features of the recommendations of the Thirteenth Finance Commission? [2012 ] 1. A design for the Goods and Services Tax, and a compensation package linked to adherence to the proposed design 2. A design for the creation of lakhs of jobs in the next ten years in consonance with India’s demographic dividend 3. Devolution of a specified share of central taxes to local bodies as grants Select the correct answer using the codes given below:

1 only

2 and 3 only

1 and 3 only

1, 2 and 3

#24. The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following? [2012 ] 1. Deprivation of education, health, assets and services at household level 2. Purchasing power parity at national level 3. Extent of budget deficit and GDP growth rate at national level Select the correct answer using the codes given below:

1 only

2 and 3 only

1 and 3 only

1, 2 and 3

#25. How do District Rural Development Agencies (DRDAs) help in the reduction of rural poverty in India? [2012 ] 1. DRDAs act as Panchayati Raj Institutions in certain specified backward regions of the country. 2. DRDAs undertake area-specific scientific study of the causes of poverty and malnutrition and prepare detailed remedial measures. 3. DRDAs secure inter-sectoral and inter-departmental coordination and cooperation for effective implementation of anti-poverty programmes. 4. DRDAs watch over and ensure effective utilization of the funds intended for anti-poverty programmes. Which of the statements given above is/are correct?

1, 2 and 3 only

3 and 4 only

4 only

1, 2, 3 and 4

#26. The lowering of Bank Rate by the Reserve Bank of India leads to (2011)

more liquidity in the market

less liquidity in the market

no change in the liquidity in the market

mobilization of more deposits by commercial banks

#27. Economic growth is usually coupled with (2011)

Deflation

Inflation

Stagflation

Hyperinflation

#28. Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs) ? 1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt. 2. The Government no longer intends to retain the management control of the CPSEs. Which the correct statements given above is/are correct (2011)?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

#29. Which of the following can aid in furthering the Government’s objective of inclusive growth ? [2011 ] 1. Promoting Self-Help Groups. 2. Promoting Micro Small and Medium Enterprises. 3. Implementing the Right to Education Act. Select the correct answer using the codes given below:

1 only

1 and 2 only

2 and 3 only

1,2 and 3 only

#30. Why is the offering of “teaser loans’’ by commercial banks a cause of economic concern ? 1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future. 2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units. [2011 ] Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

#31. What is the difference between “vote-on-account” and “interim budget” ? [2011 ] 1. The provision of a “vote-on-account’’ is used by a regular Government, while an “interim budget’’ is a provision used by a caretaker Government 2. A “vote-on-account’’ only deals with the expenditure in Government budget, while an “interim budget’’ includes both expenditure and receipts Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

#32. With reference to the Finance Commission of India, which of the following statements is correct ? (2011)

It encourages the inflow of foreign capital for infrastructure development

It facilitates the proper distribution of finances among the Public Sector Undertakings

It ensures transparency in financial administration

None of the statements (a), (b) and (c) given above is correct in his context

#33. Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act”? (2011)

Adult members of only the scheduled caste and scheduled tribe households

Adult members of below poverty line (BPL) households

Adult members of households of all backward communities

Adult members of any household

#34. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under microfinance is/are : [2011 ] 1. Credit facilities 2. Savings facilities 3. Insurance facilities 4. Fund Transfer facilities Select the correct answer using the codes given below the lists ?

1 only

1 and 4 only

2 and 3 only

1, 2, 3 and 4

#35. With reference to “Aam Admi Bima Yojana’’, consider the following statements ? 1. The member insured under the scheme must be the head of the family or an earning member of the family in a rural landless house-hold. 2. The member insured must be in the age group of 30 to 65 years. 3. There is a provision for free scholarship for up to two children of the insured who are studying between classes 9 and 12. [2011 ] Which of the statements given above is/are correct?

1 only

2 and 3 only

1 and 3 only

1, 2 and 3

#36. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two ? (2011)

FII helps bring better management skills and technology, while FDI only brings in capital.

FII helps in increasing capital availability in general, while FDI only targets specific sectors.

FDI flows only into the secondary market while FII targets primary market

FII is considered to be more stable than FDI

#37. Consider the following actions which the government can take : [2011 ] 1. Devaluing the domestic currency. 2. Reduction in the export subsidy. 3. Adopting suitable policies which attract greater FDI and more funds from FIIs. Which of the above action/actions can help in reducing the current account deficit ?

1 and 2

2 and 3

3 only

1 and 3

#38. Which one of the following statements appropriately describes the “fiscal stimulus” ? (2011)

It is a massive investment by the government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth.

It is an intense affirmative action of the government to boost economic activity in the country.

It is government’s intensive action on financial institutions to ensure disbursement of loans to agriculture and allied sectors to promote greater food production and contain food inflation.

It is an extreme affirmative action by the government to pursue its policy of financial inclusion

#39. In terms of economy, the visit by foreign nationals to witness the XIX commonwealth games in India amounted to (2011)

Export

Import

Production

Consumption

#40. India has experienced persistent and high food inflation in the recent past. What could be the reasons? 1. Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%. 2. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change. 3. The food supply chain has structural constraints. [2011 ] Which of the statements given above are correct ?

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

+917649911100

UPSC question paper – 2011-2015 – Poverty, Planning, Finance and Economic/Social Development

Results

#1. The Government of India has established NITI Aayog to replace the (2015)

#2. Convertibility of rupee implies (2015)

#4. (d) Agricultural Produce Market Committee 80. 'Pradhan Mantri Jan-Dhan Yojana' has been launched for (2015)

#5. The Fair and Remunerative Price (FRP) of sugarcane is approved by the (2015)

#7. With reference to inflation in India, which of the following statements is correct? (2015)

#9. What does venture capital mean? (2014)

#10. The sales tax you pay while purchasing a toothpaste is a (2014)

#11. With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure? [2014 ] 1. Defence expenditure 2. Interest payments 3. Salaries and pensions 4. Subsidies Select the correct answer using the code given below

#12. If the interest rate is decreased in an economy, it will (2014)

#13. Economic growth in country X will necessarily have to occur if (2013)

#14. Supply of money remaining the same when there is an increase in demand for money, there will be (2013)

#15. Which one of the following is likely to be the most inflationary in its effect? (2013)

#16. A rise in general level of prices may be caused by [2013 ] 1. an increase in the money supply 2. a decrease in the aggregate level of output 3. an increase in the effective demand Select the correct answer using the codes given below

#17. To obtain full benefits of demographic dividend, what should India do? (2013)

#18. Who among the following constitute the National Development Council? [2013 ] 1. The Prime Minister 2. The Chairman, Finance Commission 3. Ministers of the Union Cabinet 4. Chief Ministers of the States Select the correct answer using the codes given below.

#26. The lowering of Bank Rate by the Reserve Bank of India leads to (2011)

#27. Economic growth is usually coupled with (2011)

#29. Which of the following can aid in furthering the Government’s objective of inclusive growth ? [2011 ] 1. Promoting Self-Help Groups. 2. Promoting Micro Small and Medium Enterprises. 3. Implementing the Right to Education Act. Select the correct answer using the codes given below:

#32. With reference to the Finance Commission of India, which of the following statements is correct ? (2011)

#33. Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act”? (2011)

#36. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two ? (2011)

#38. Which one of the following statements appropriately describes the “fiscal stimulus” ? (2011)

#39. In terms of economy, the visit by foreign nationals to witness the XIX commonwealth games in India amounted to (2011)

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