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UPSC Economics Previous Year Questions 2019

 1.The Chairman of public sector banks are selected by the

a) Banks Board Bureau
b) Reserve Bank of India
c) Union Ministry of Finance
d) Management of concerned bank

 

2. The economic cost of food grains to the Food Corporation  of  India is Minimum  Support  Price and bonus (if any) paid to the farmers plus
a) transportation cost only
b) interest cost only
c) procurement incidentals and distribution cost
d) procurement incidentals and charges for godowns

 

3. The Service Area Approach was implemented under the purview of
a) Integrated Rural Development Programme
b) Lead Bank Scheme
c) Mahatma Gandhi National Rural Employment Guarantee Scheme
d) National Skill Development Mission
 

4. Consider the following statements:
1. Most of India’s external debt is owed by governmental entities.
2. All of India’s external debt is denominated in US dollars. Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

 

5. Which of the following is not included in the assets of a commercial bank in India?
a) Advances
b) Deposits
c) Investments
d) Money at call and short notice

 

6. In the context of India, which of the following factors is/are contributor/ contributors to reducing the risk of a currency crisis?
1. The foreign currency earnings of India’s IT sector
2. Increasing the government expenditure
3. Remittances from Indians abroad
Select the correct answer using the code given below.
a) 1 only
b) 1 and 3 only
c) 2 only
d) 1, 2 and 3

 

7. Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of Indian stock market without registering themselves directly?
(a) Certificate of Deposits
(b) Commercial Paper
(c) Promissory Note
(d) Participatory Note

 
8. With reference to India’s Five-Year Plans, which of the following statements is/are correct?
1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.
Select the correct answer using the code given below.
a) 1 and 2 only
b) 2 only
c) 3 only
d) 1, 2 and 3

 

9. Consider the following statements:
1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods      and      services     in different countries
2. In terms of PPP dollars, India is the sixth largest economy in the world.
Which of the statement  given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

 

10. Among the agricultural commodities imported by India, which one of the following accounts for the highest  imports  in  terms  of value in the last five years?
a) Spices
b) Fresh fruits
c) Pulses
d) Vegetable oils

 

11. Which one of the following is not the most likely measure the Government/ RBI takes to stop the slide of Indian rupee?
a) Curbing imports of non- essential goods-and promoting exports
b) Encouraging Indian borrowers to issue rupee denominated Masala Bonds
c) Easing conditions relating to external commercial borrowing
d) Following an expansionary monetary policy

 

12. The money multiplier in an economy increases with which one of the following?
a) Increase in the cash reserve ratio
b) Increase in the banking habit of the population
c) Increase in the statutory liquidity ratio
d) Increase in the population of the country

 

13. With reference to land reforms in independent India, which one of the following statements is correct?
a) The ceiling laws were aimed at family holdings and not individual holdings.
b) The major aim of land reforms was providing agricultural land to all the landless.
c) It resulted in cultivation of cash crops as a predominant form of cultivation.
d) Land reforms permitted no exemptions to the ceiling limits.

 

14. In a given year in India, official poverty lines are higher in some States than in others because
a) poverty rates vary from State to State
b) price levels vary from State to State
c) Gross State Product varies from State to State
d) quality of public distribution varies from State to State

 

15. Consider the following statements:
1. Coal sector was nationalized by the Government of India under Indira Gandhi.
2. Now, coal blocks are allocated on lottery basis.
3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self- sufficient in coal product. 
Which of the statements given above is/are correct?
a) 1 only
b) 2 and 3 only
c) 3 only
d) 1, 2 and 3
 

16. Among the following which one is the largest exporter of rice in the world in the last five years?
(a) China
(b) India
(c) Myanmar
(d) Vietnam

 


Answer:

1-A; 2-C; 3-B; 4-D; 5-B;
6-B; 7-D; 8-A; 9-A; 10-D;
11-D; 12-B;13-B;14-B; 15-A; 16-B;
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