DAY – 41: Insights Self Study Guide for Prelims + Mains – 2015
24 July 2015
Following Questions are Based on this TIMETABLE (+ Recent UPDATE)
Descriptive Questions
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The Economic Survey – 2015, Volume – 2, Chapter – 1
2) Critically discuss efforts made by India to address climate change challenges. (200 Words)
The Economic Survey – 2015, Volume – 2, 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 6
1. Question
Headline growth rate will now be measured by GDP at
Correct
Solution: a)
The Economic Survey, Volume – 2, Chapter – 1
http://www.thehindubusinessline.com/portfolio/whats-different-about-the-new-gdp/article6971890.ece
Incorrect
Solution: a)
The Economic Survey, Volume – 2, Chapter – 1
http://www.thehindubusinessline.com/portfolio/whats-different-about-the-new-gdp/article6971890.ece
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Question 2 of 6
2. Question
As per the recent data, the ratio of gross value added (GVA) to gross value of output (GVO) shows that value addition is the highest in
Correct
Solution: b)
The Economic Survey, Volume – 2, Chapter – 1
Incorrect
Solution: b)
The Economic Survey, Volume – 2, Chapter – 1
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Question 3 of 6
3. Question
The decline in fuel prices leads to a sharper reduction in which of the following indices?
Correct
Solution: a)
The Economic Survey, Volume – 2, Chapter – 1
Incorrect
Solution: a)
The Economic Survey, Volume – 2, Chapter – 1
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Question 4 of 6
4. Question
Consider the following statements:
- India’s export shares to Asia is larger than it’s exports shares to Europe and America combined
- Manufactured goods constitute bulk of India’s exports
Which of the above statements is/are correct?
Correct
Solution: c)
The Economic Survey, Volume – 2, Chapter – 1
Incorrect
Solution: c)
The Economic Survey, Volume – 2, Chapter – 1
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Question 5 of 6
5. Question
If there is surge in capital inflows into the country, this is usually enabled by
- Higher portfolio investment
- Higher foreign direct investment (FDI)
- High external commercial borrowings (ECB)
Choose the correct answer using the codes below:
Correct
Solution: d)
The Economic Survey, Volume – 2, Chapter – 1
Incorrect
Solution: d)
The Economic Survey, Volume – 2, Chapter – 1
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Question 6 of 6
6. Question
Consider the following statements:
- The debt-to-GDP ratio indicates the country’s ability to pay back its debt
- Compared to USA, UK, China and Japan, India has low debt-to-GDP ratio
Which of the above statements is/are correct?
Correct
Solution: c)
The Economic Survey, Volume – 2, Chapter – 1
http://www.investopedia.com/terms/d/debtgdpratio.asp
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
Incorrect
Solution: c)
The Economic Survey, Volume – 2, Chapter – 1
http://www.investopedia.com/terms/d/debtgdpratio.asp
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
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