DAY – 38: Insights Self Study Guide for Prelims + Mains – 2015
20 July 2015
Following Questions are Based on this TIMETABLE
Thanks to Rains, Power Cuts, and other Factors, we could Frame Only 10 questions that too from Chapter – 1 itself! Anyway we will cover all chapters without compromising both quantity and quality.
Descriptive Questions
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Economic Survey – 2015: Volume – 1, Chapter – 1
Economic Survey – 2015: Volume – 1, Chapter – 1
Economic Survey – 2015: Volume – 1, Chapter – 1
Multiple Choice Questions Quiz
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Welcome to the New initiative. The following questions are based on the topics we have given in this Timetable. For more challenging question papers (Full Length), please join our Preliminary Exam – 2015 Test Series (Please Click Here for Reviews)
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Question 1 of 10
1. Question
Consider the following statements:
- The Economic Survey – 2015 has strongly advocated that Big Bang reforms should be introduced by the government at the earliest owing to huge mandate
- If the Supreme Court influences policies of the government, it can be said that policy making has dispersed vertically
Which of the above statements is/are correct?
Correct
Solution: d)
Solution: d)
http://www.enotes.com/homework-help/what-different-between-horizontal-vertical-policy-255176
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: d)
Solution: d)
http://www.enotes.com/homework-help/what-different-between-horizontal-vertical-policy-255176
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 2 of 10
2. Question
If the credit rating agency Moody has rated India’s sovereign credit rate as ‘Baa3’, this means India has
Correct
Solution: c)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: c)
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 3 of 10
3. Question
How does the large inflow of Foreign Institutional Investment into the Indian stock markets affect Rupee?
Correct
Solution: b)
http://www.thehindubusinessline.com/banking/fii-effect-on-rupee/article2476999.ece
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: b)
http://www.thehindubusinessline.com/banking/fii-effect-on-rupee/article2476999.ece
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 4 of 10
4. Question
The Macro-Vulnerability Index (MVI), which measures macroeconomic position of a country, combines which of the following indicators?
- Fiscal deficit
- Inflation
- Current account deficit
Choose the correct answer using the codes below:
Correct
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 5 of 10
5. Question
Which of the following measures by the government are called as ‘Reform Measures’?
- Increasing the quantitative restrictions on gold
- Increasing FDI caps in defense
- Deregulating diesel prices
- Taxing energy products
Choose the correct answer using the codes below:
Correct
Solution: a)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: a)
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 6 of 10
6. Question
Consider the following statements:
- In India, employment growth and elasticity have declined in the 2000s compared to the 1990s
- In India, labour force growth is in excess of employment growth
Which of the above statements is/are correct?
Correct
Solution: c)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: c)
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 7 of 10
7. Question
The external sector is the portion of a country’s economy that interacts with the economies of other countries. Which of the following factors pose risk to India’s external sector?
Correct
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 8 of 10
8. Question
With reference to utility of accumulating more foreign exchange reserves, consider the following statements:
- They create economic and financial resilience
- They provide cushion against shocks
- They provide geopolitical influence
Which of the above statements is/are correct?
Correct
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 9 of 10
9. Question
The ultimate aim of subsidising fertiliser in India is to provide
Correct
Solution: a)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: a)
Economic Survey – 2015: Volume – 1, Chapter – 1
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Question 10 of 10
10. Question
One of the measures suggested by the Economic Survey to tackle problems faced by the Public Sector Banks is to ‘Disinter’. Which of the following explanations aptly describes the meaning of ‘Disinter’ policy?
Correct
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
Incorrect
Solution: d)
Economic Survey – 2015: Volume – 1, Chapter – 1
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