Previous Year Solved Question Papers

Previous Year Solved Question Papers

Civil Service Preliminary Paper-1 Previous Year Questions on Economics & Indian Economy - 2014

1. The sales tax you pay while purchasing a toothpaste is a
(a) tax imposed by the Central Government
(b) tax tmposed by the Central Government but collected by the State Government
(c) tax imposed by the State Government but collected by the Central Government

(d) tax imposed and collected by the State Government



2. What does venture capital mean?
(a) A short-term capital provided to industries
(b) A long-term start-up capital provided to new entrepreneurs
(c) Funds provided to industries at times of incurring losses
(d) Funds provided for replacement and renovation of industries



3. The main objective of the 12th Five-Year Plan is
(a) inclusive growth and poverty reductions
(b) inclusive and sustainable growth
(c) sustainable and inclusive growth to reduce unemployment

(d) faster, sustainable and more inclusive growth.



4. With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?
1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights

Select the correct answer using the code given below.
(a) 1 only
(b) 2 and 3

(c) 1 and 3
(d) 1, 2 and 4



5. The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to
(a) banking operations
(b) communication networking
(e) military strategies
(d) supply and demand of agricultural products



6. What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?
1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
2. It enables the beneficiaries in the rural areas to make deposits and withdrawals.

Select the correct answer using the code given below.
(a) 1 only
(b) 2 only

(c) Both 1 and 2
(d) Neither 1 nor 2



7. In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements

Select the correct answer using the code given below.
(a) 1 only
(b) 1 and 2 only
(c)  2 and 3 only
(d) 1, 2, 3 and 4




8. With reference to Union Budget, which of the following, is/are covered under Non-Plan Expenditure?
1. Defence -expenditure
2. Interest payments
3. Salaries and pensions
4. Subsidiess,

Select the correct answer using the code given below.
(a) 1 only
(b) 2 nd 3 only
(c) 1, 2, 3 and 4
(d) None




9. If the interest rate is decreased in an economy, it will
(a) decrease the consumption expenditure in the economy
(b) increase the tax collection of the Government

(c) increase the investment expenditure in the economy
(d) increase the total savings in the economy




10. Consider the following towns of India :
1. Bhadrachalam
2. Chanderi
3. Kancheepuram
4. Kamal

Which of the above are famous for the production of traditional sarees / fabric?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 2 and 3
(d) 1, 3 and 4


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