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HomePYQPrelims QuestionsEconomy2012

2012 Economy Practice Questions

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26 years
2012EconomyGS1
Difficulty

The Multi-dimensional Poverty Index developed by ‘Oxford Poverty and Human Development initiative with UNDP support covers which of the following?
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.

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2012EconomyGS1
Difficulty

How do District Rural Development Agencies (DRDAs) help in the reduction of rural poverty in India?
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 interdepartmental coordination and cooperation for effective implementation of anti-poverty programmes.
4. DRDAs watch over and ensure effective utilisation of the funds intended for anti-poverty programmes.

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2012EconomyGS1
Difficulty

If the National Water Mission is properly and completely implemented, how will it impact the country?
1. Part of the water needs of urban areas will be met through recycling of waste-water.
2. The water requirements of coastal cities with inadequate alternative sources of water will be met by adopting appropriate technologies that allow for the use of ocean water.
3. All the rivers of Himalayan origin will be linked to the rivers of peninsular India.
4. The expenses incurred by farmers for digging bore-wells and for installing motors and pump-sets to draw ground-water will be completely reimbursed by the Government.

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2012EconomyGS1
Difficulty

Consider the following:
1. Hotels and restaurants
2. Motor transport undertakings
3. Newspaper establishments
4. Private medical institutions
The employees of which of the above can have the ‘Social Security’ coverage under Employees’ State Insurance Scheme?

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2012EconomyGS1
Difficulty

The endeavour of ‘Janani Suraksha Yojana’ Programme is:
1. To promote institutional deliveries.
2. To provide monetary assistance to the mother to meet the cost of delivery.
3. To provide for wage loss due to pregnancy and confinement.

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2012EconomyGS1
Difficulty

With reference to the National Rural Health Mission, which of the following are the jobs of ‘ASHA’, a trained community health worker?
1. Accompanying women to the health facility for antenatal care checkup.
2. Using pregnancy test kits for early detection of pregnancy.
3. Providing information on nutrition and immunisation.
4. Conducting the delivery of a baby.

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2012EconomyGS1
Difficulty

How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor?
1. By setting up a large number of new manufacturing industries and agribusiness centres in rural areas.
2. By strengthening ‘self-help groups’ and providing skill development.
3. By supplying seeds, fertilisers, diesel pump-sets and micro-irrigation equipment free of cost to farmers.

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2012EconomyGS1
Difficulty

Consider the following statements:
The price of any currency in international market is decided by the
1. World Bank
2. Demand for goods/services provided by the country concerned
3. Stability of the government of the concerned country
4. Economic potential of the country in question

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2012EconomyGS1
Difficulty

Which of the following would include Foreign Direct Investment in India?
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.

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2012EconomyGS1
Difficulty

Under which of the following circumstances may ‘capital gains’ arise?
1. When there is an increase in sales of product
2. When there is a natural increase in the value of the property owned.
3. When you purchase a painting, there is a growth in its value due to an increase in its popularity.

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2012EconomyGS1
Difficulty

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 subprime 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.

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2012EconomyGS1
Difficulty

The basic aid of Lead Bank Scheme is that:

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2012EconomyGS1
Difficulty

The Reserve Bank of India(RBI) acts as a bankers’ bank. This would imply which of the following?
1. Other banks retain their deposits with the RBI.
2. The RBI lends funds to the commercial banks in times of need.
3. The RBI advises the commercial banks on monetary matters.

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2012EconomyGS1
Difficulty

Which of the following measures would result in an increase in the money supply in the economy?
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.

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2012EconomyGS1
Difficulty

Despite having large reserves of coal, why does India import millions of tons of coal?
1. It is the policy of India to save its own coal reserves for the future, and import it from other countries for the present use.
2. Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.
3. Steel companies need a large quantity of coking coal which has to be imported.

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2012EconomyGS1
Difficulty

In India, in the overall index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following are among those Eight Core industries?
1. Cement 2. Fertilizer 3. Natural Gas 4. Refinery products 5. Textiles

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2012EconomyGS1
Difficulty

What is/are the recent policy initiative(s) of Government of India to promote the growth of the manufacturing sector?
1. Setting up of National Investment and Manufacturing Zones.
2. Providing the benefit of ‘single window clearance’.
3. Establishing the Technology Acquisition and Development Fund.

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2012EconomyGS1
Difficulty

Which of the following can be said to be essentially the parts of ‘Inclusive Governance’?
1. Permitting the Non-Banking Financial Companies to do banking.
2. Establishing effective District Planning Committees in all the districts.
3. Increasing government spending on public health.
4. Strengthening the Mid-day Meal Scheme.

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