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HomePYQPrelims QuestionsEconomy2018

2018 Economy Practice Questions

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26 years
2018EconomyGS1
Difficulty

If a commodity is provided free to the public by the Government, then

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2018EconomyGS1
Difficulty

Despite being a high saving economy, capital formation may not result in significant increase in output due to:

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2018EconomyGS1
Difficulty

Consider the following statements:
Human capital formation as a concept is better explained in terms of a process which enables:
1. Individuals of a country to accumulate more capital.
2. Increasing the knowledge, skill levels and capacities of the people of the country.
3. Accumulation of tangible wealth.
4. Accumulation of intangible wealth.

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2018EconomyGS1
Difficulty

India enacted the Geographical Indications of Goods(Registration and Protection) Act, 1999 in order to comply with the obligations to:

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2018EconomyGS1
Difficulty

With reference to India’s decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/are correct?
1. It is introduced as a part of the Income Tax Act.
2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the “Double Taxation Avoidance Agreements”.

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2018EconomyGS1
Difficulty

Consider the following items:
1. Cereal grains hulled
2. Chicken eggs cooked
3. Fish processed and canned
4. Newspapers containing advertising material
Which of the above items is/are exempted under GST(Goods and Services Tax)?

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2018EconomyGS1
Difficulty

With reference to the governance of public sector banking in India, consider the following statements:
1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.

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2018EconomyGS1
Difficulty

Consider the following statements:
1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the state Governments.
3. Treasury bills are issued at a discount from the par value.

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2018EconomyGS1
Difficulty

Which one of the following statements correctly describes the meaning of legal tender money?

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2018EconomyGS1
Difficulty

Consider the following statements:
1. Capital Adequacy Ratio(CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.
2. CAR is decided by each individual bank.

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2018EconomyGS1
Difficulty

Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in news?

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2018EconomyGS1
Difficulty

Which one of the following links all the ATMs in India?

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2018EconomyGS1
Difficulty

With reference to digital payments, consider the following statements:
1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.
2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication.

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2018EconomyGS1
Difficulty

Consider the following:
1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric
The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

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2018EconomyGS1
Difficulty

Consider the following statements:
1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
2. The Government does not impose any customs duty on all the imported edible oils as a special case.

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2018EconomyGS1
Difficulty

Increase in absolute and per capita real GNP does not connote a higher level of economic development, if:

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