BPSC-68 (Prelims) Economy
■ Economy Questions & Answers
Q1. Which of the following are the objectives of SEZ Act, 2005?
1. Generation of additional economic activity
2. Promotion of exports of goods and services
3. Creation of employment
(A) 1,2 and 3
(B) 2 and 3 only
(C) 1 and 3 only
(D) More than one of the above
(E) None of the above
All statements are correct but only one option'A' is correct.
Source: Ministry of Commerce
Q2.What is the policy measure adopted by the Government of India to improve the system of agriculture marketing?
(A) Maintenance of Buffer Stock
(B) Public Distibuiton System (PDS)
(C) Minimum Support Price (MSP)
(D) More than one of the above
(E) None of the above
All the three options are policy measures to improve the agricultural marketing in India.
Source: NCERT: Class XI : Economics: Indian Economic Development: Chapter 6: Rural Development,pp.105.
Q3.Which committee suggested the enactment of the Competition Act, 2002?
(A) Rangarajan committee
(B) S.V.S. Raghavan Committee
(C) Cijay Kelkar Committee
(D) More than one of the above
(E) None of the above
Q4. Match List-I with List-II
|
|
List I |
List II |
|
a. |
Grey
Revolution |
1. Onion
production |
|
b. |
Pink
Revolution |
2. Tomato
and meat production |
|
c. |
Silver
Revolution |
3. Production
of eggs |
|
d. |
Red
Revolution |
4. Fertilizers |
|
(A) |
a 4 |
b 1 |
c 3 |
d 2 |
|
(B) |
a 3 |
b 1 |
c 4 |
d 2 |
|
(C) |
a 1 |
b 4 |
c 2 |
d 3 |
|
(D) |
More than one
of the above |
|||
|
(E) |
None of the
above |
|||
Q5.Which of the following Five-Year Plans was focussed on Human Resource Development?
(A) First
(B) Third
(C) Fifth
(D) More than one of the above
(E) None of the above
The correct answer is option 'E'. 8th Five Year Plan was focused on HRD. Hence no option is correct.
Q6.Which of the following States of India received the highest Foreign Direct Investment (FDI) equity flow during April to September 2022?
(A) Karnataka
(B) Tripura
(C) Gujarat
(D) More than one of the above
(E) None of the above
Because the question asks which of the following, not which Indian State; otherwise (E) None of the above, since Maharashtra received the highest FDI equity flow.
Source: DPIIT
(A) Union Budget, 1991-1992
(B) Union Budget, 1992-1993
(C) Union Budget, 1993-1994
(D) More than one of the above
(E) None of the above
Source: India Budget, Ministry of Finance, Government of India
Q8. Which of the following were goals of the Five-Year Plans?
1. Growth
2. Modernization
3. Self-reliance
4. Literature
(A) 1,3 and 4 only
(B) 2,3 and 4 only
(C) 1,2 and 4 only
(D) More than one of the above
(E) None of the above
The correct answer is option 'E'. Statement 4 (Literature) in false. Since all the options A, B and C contains statement 4. Hence none of the options are correct.
Q9. Which organization carries out the survey for determining the poverty line?
(A) NSSO
(B) NITI Aayog
(C) RBI
(D) More than one of the above
(E) None of the above
For determining the poverty line, Household Consumer Expenditure Survey (HCES) is required. The HCES is generally done at quinquennial intervals and data was coducted by National Sample Survey Office (NSSO).The latest data of Large Sample Survey on Household Consumer Expenditure has been collected by NSSO in its 68th round conducted in 2011-12. Although NSSO conducted large size HCES in 2017-18, yet, in view of the data quality issues, the government decided not to release it. NITI Aayog doesn't do any survey. Instead, it depends on survey data provided by NSSO and also various reports/ analysis of other think tanks, educational institutions etc. Hence answer A is correct.
(Note: BPSC has rejected NSO as answer for this question).
Source: PIB
Q10. The trade balance of India (merchandise and services) for December 2022 (provisional) is
(A) (-) 10.50 USD billion
(B) (+) 11.98 USD billion
(C) (-) 11.98 USD billion
(D) More than one of the above
(E) None of the above
Source:PIB: Table 1
Q11. At what percentage has Bihar registered the lowest Female Workforce Participation Rate for the year 2020-2022?
(A) 4% in rural and 6.5% in urban areas
(B) 6% in rural and 8.1% in urban areas
(C) 7% in rural and 9.1% in urban areas
(D) More than one of the above
(E) None of the above
*Q12. The maximum number of tax industries is in which district?
(A) Darbhanga
(B) Purnia
(C) Kishanganj
(D) More than one of the above
(E) None of the above
Q13. According to the National Family Survey-5 released by the Union Ministry of Health and Family Welfare on November 24,2021, there has been a significant improvement in the sex ratio of Bihar. It has increased from ____ in 2015-16 to ____ in 2020-2022.
(A) 1062, 1090
(B) 1040, 1070
(C) 1030, 1050
(D) More than one of the above
(E) None of the above
Q14. According to the Bihar Economic Survey (2021-2022), what was the rate of growth of Gross State Domestic Product (GSDP) of Bihar in 2020-2021?
(A) 3%
(B) 2%
(C) 2.5%
(D) More than one of the above
(E) None of the above
Q15. Which one of the following is correct for Bihar economy?
(A) The growth rate is one of the lowest in India at 2.5%.
(B) Bihar produces mostly primary goods.
(C) The occupational structure of the economy is stagnant from above.
(D) More than one of the above
(E) None of the above
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