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Indian Economy Previous Year Questions (PYQ) with Answers – Page 8

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Indian Economy questions asked in previous year papers of SSC, Banking, Railway and other exams, with the exam and year, answers and explanations.

580 previous-year questions

All Indian Economy questionsIndian Economy NotesPYQs by exam
Q141.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

In the context of finance, the term 'beta' refers to

  1. A.the process of simultaneous buying and selling of an asset from different platforms
  2. B.an investment strategy of a portfolio manager to balance risk versus reward
  3. C.a type of systemic risk that arises where perfect hedging is not possible
  4. D.a numeric value that measures the fluctuations of a stock to changes in the overall stock market
Show answer
Correct answer: D. a numeric value that measures the fluctuations of a stock to changes in the overall stock market

Beta tells how strongly a share's price moves when the whole market moves. The market itself has a beta of 1.

Q142.Indian EconomyAsked in: UPSC CAPF · CAPF 2023, Paper IHard

Which of the following is/are not correct about the Mother's Absolute Affection Programme?

1. Allows all pregnant women to absolutely free and no-expense delivery in public health institutions.

2. Provides assured, comprehensive and quality antenatal care.

3. Promotes undiluted focus on breastfeeding.

4. Provides medical and nutritional care to severely acute malnourished children.

Select the correct answer using the code given below:

  1. A.1, 2 and 3 only
  2. B.2 and 3 only
  3. C.1, 2 and 4 only
  4. D.3 only
Show answer
Correct answer: C. 1, 2 and 4 only

The MAA (Mothers' Absolute Affection) programme is only about breastfeeding, so statement 3 is the one correct statement and 1, 2 and 4 are not.

Q143.Indian EconomyAsked in: Delhi · 15 Nov, 2023, Shift 3Medium

Which of the following is NOT an element of the Competition Act 2002?

  1. A.Prohibition of anti-competitive agreements
  2. B.Regulation of combination
  3. C.Abuse of dominant position
  4. D.Prohibition of trade
Show answer
Correct answer: D. Prohibition of trade

The Competition Act, 2002 rests on three pillars, and freedom of trade is the very thing it protects, so no provision of it prohibits trade; on the contrary, the Act opens by stating that it seeks to ensure freedom of trade carried on by other participants in markets in India.

Q144.Indian EconomyAsked in: UPSC CAPF · CAPF 2023, Paper IMedium

Which one of the following is the largest component of revenue expenditure in the Union Budget 2022 - 23 ?

  1. A.Interest payments
  2. B.Defense expenditure
  3. C.Expenditure on healthcare
  4. D.Subsidies
Show answer
Correct answer: A. Interest payments

In the Union Budget 2022-23, interest on past borrowing was the single largest item of revenue expenditure. Revenue expenditure is spending that creates no assets, such as salaries, pensions, interest, subsidies and grants.

Q145.Indian EconomyAsked in: CDS · CDS-II 2023, GKHard

Which of the following action(s) by the Government would lead to contraction of money supply in the economy? 1. Purchase of Treasury Bills by the central bank from public 2. Sale of Treasury Bills by the central bank to public 3. Sale of foreign exchange by the central bank 4. Purchase of foreign exchange by the central bank Select the correct answer using the code given below:

  1. A.1 and 4 only
  2. B.1 and 3 only
  3. C.2 and 3 only
  4. D.2 only
Show answer
Correct answer: C. 2 and 3 only

In both actions the central bank takes rupees from the public in exchange for an asset, so money in circulation falls.

Q146.Indian EconomyAsked in: CDS · CDS-I 2023, GKMedium

Which of the following strategies is/are adopted for implementing the POSHAN Abhiyaan? 1. Inter-sectoral convergence for better service delivery 2. Use of technology (ICT) for real-time growth monitoring of women and children Select the correct answer using the code given below.

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: C. Both 1 and 2

Convergence of different schemes and the use of ICT for real-time monitoring are both core strategies of POSHAN Abhiyaan. POSHAN Abhiyaan (Prime Minister's Overarching Scheme for Holistic Nourishment), also called the National Nutrition Mission, was launched on 8 March 2018 at Jhunjhunu in Rajasthan.

Q147.Indian EconomyAsked in: CDS · CDS-I 2023, GKHard

Which of the following is/are the sub-mission/sub-missions of the National Skill Development Mission (NSDM)? 1. Institutional training 2. Overseas employment 3. Leveraging of public infrastructure Select the correct answer using the code given below.

  1. A.1 only
  2. B.2 only
  3. C.1, 2 and 3
  4. D.2 and 3 only
Show answer
Correct answer: C. 1, 2 and 3

Institutional training, overseas employment and leveraging of public infrastructure are all sub-missions of the National Skill Development Mission.

Q148.Indian EconomyAsked in: CDS · CDS-I 2023, GKEasy

Which among the following is/are the objective/objectives of the NITI Aayog? 1. Imposing policies on the States/UTs 2. Allocation of funds at National and State levels 3. Design strategies and long-term policies and programme frameworks Select the correct answer using the code given below.

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1, 2 and 3
  4. D.3 only
Show answer
Correct answer: D. 3 only

NITI Aayog is a policy think tank that designs strategies and long-term policy and programme frameworks; it neither imposes policies on states nor allocates funds.

Q149.Indian EconomyAsked in: CDS · CDS-II 2023, GKMedium

As per the Cabinet Resolution of 1st January, 2015, the NITI Aayog consists of : 1. Prime Minister of India 2. Governing Council comprising Chief Ministers of all the States and Lieutenant Governors of Union Territories 3. Rural Development Minister 4. Chief Executive Officer to be appointed by the Prime Minister. Select the correct answer using the code given below:

  1. A.1, 2 and 3
  2. B.1, 2 and 4
  3. C.1 and 2 only
  4. D.3 and 4 only
Show answer
Correct answer: B. 1, 2 and 4

The resolution that created NITI Aayog names the Prime Minister as Chairperson, a Governing Council of Chief Ministers and Lieutenant Governors, and a Chief Executive Officer appointed by the Prime Minister.

Q150.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

Consider the following :

1. Demographic performance

2. Forest and ecology

3. Governance reforms

4. Stable government

5. Tax and fiscal efforts

For the horizontal tax devolution, the Fifteenth Finance Commission used how many of the above as criteria other than population, area and income distance?

  1. A.Only two
  2. B.Only three
  3. C.Only four
  4. D.All five
Show answer
Correct answer: B. Only three

Besides population, area and income distance, the Fifteenth Finance Commission used demographic performance, forest and ecology, and tax and fiscal efforts.

Q151.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

Consider the investments in the following assets :

1. Brand recognition

2. Inventory

3. Intellectual property

4. Mailing list of clients

How many of the above are considered intangible investments?

  1. A.Only one
  2. B.Only two
  3. C.Only three
  4. D.All four
Show answer
Correct answer: C. Only three

Brand recognition, intellectual property and a client mailing list have no physical form, while inventory is a stock of physical goods.

Q152.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IHard

Consider the following statements :

1. The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds.

2. Niger is cultivated as a Kharif crop.

3. Some tribal people in India use niger seed oil for cooking.

How many of the above statements are correct?

  1. A.Only one
  2. B.Only two
  3. C.All three
  4. D.None
Show answer
Correct answer: C. All three

Nigerseed is one of the oilseeds covered by MSP, it is grown mainly in the kharif season, and tribal communities use its oil for cooking.

Q154.Indian EconomyAsked in: UPSC CAPF · CAPF 2023, Paper IMedium

Suppose an Indian citizen makes an investment abroad and earns a positive return on her investment. Which of the following is correct?

  1. A.Her income is part of India's GDP, but not part of India's national income.
  2. B.Her income is part of India's national income, but not part of India's GDP.
  3. C.Her income is part of both India's GDP and national income.
  4. D.Her income is neither part of India's GDP, nor its national income.
Show answer
Correct answer: B. Her income is part of India's national income, but not part of India's GDP.

Her return is earned outside India, so it is not in India's GDP, but it is earned by an Indian resident, so it counts in India's national income.

Q155.Indian EconomyAsked in: SSC CGL · 14 Jul 2023, Shift 1Medium

Which of the following is the largest pan-India scheme to strengthen health care infrastructure across the country with focus on primary, secondary and tertiary care services?

  1. A.LaQshya
  2. B.AB-PMJAY
  3. C.PM-ABHIM
  4. D.PM-MI
Show answer
Correct answer: C. PM-ABHIM

The Pradhan Mantri Ayushman Bharat Health Infrastructure Mission, launched in October 2021, is the largest pan-India scheme for building up health infrastructure, and it works at all three levels of care.

Q156.Indian EconomyAsked in: SSC GD Constable · 16 Jan 2023, Shift 3Medium

Consider a market structure where the number of firms is large, there is free entry and exit of firms, but the goods produced by them are not homogeneous. Such a market structure is called ______.

  1. A.monopsony
  2. B.oligopoly
  3. C.monopoly
  4. D.monopolistic competition
Show answer
Correct answer: D. monopolistic competition

This form, analysed by Edward Chamberlin, keeps two features of perfect competition, a large number of firms and free entry and exit, but drops the third: each firm sells a differentiated or branded product, so it faces a downward sloping demand curve and has a little control over its own…

Q158.Indian EconomyAsked in: SSC CHSL · 15 March, 2023, Shift 1Medium

Which of the following statements is correct regarding the demand curve? I. It is a graphical representation of the demand function. II. It gives the quantity demanded by the consumer at each price.

  1. A.Both I and II
  2. B.Only II
  3. C.Neither I nor II
  4. D.Only I
Show answer
Correct answer: A. Both I and II

A demand curve is the picture of the demand function, which links the quantity a consumer buys to the price of the good, so statement I is correct.

Q159.Indian EconomyAsked in: SSC CHSL · 10 March, 2023, Shift 1Easy

According to the law of demand, the consumer's demand for a good must be ______.

  1. A.inversely related to the price of the good
  2. B.directly related to the supply of the good
  3. C.directly related to the price of the good
  4. D.inversely related to the supply of the good
Show answer
Correct answer: A. inversely related to the price of the good

The law of demand says that, other things remaining the same, a consumer buys more of a good when its price falls and less when the price rises, so price and quantity demanded move in opposite directions.

Q160.Indian EconomyAsked in: SSC CGL · 14 Jul 2023, Shift 1Medium

The consumption of fixed capital is also known as _________.

  1. A.depreciation
  2. B.net investment
  3. C.appreciation
  4. D.gross investment
Show answer
Correct answer: A. depreciation

Consumption of fixed capital is the national income term for depreciation, the fall in the value of machines, buildings and other fixed assets as they are used up or become obsolete over the year.