WBCS MAINS ECONOMICS

1. If the demand and supply of a commodity increase by an equal absolute amount, what will be the effect on market price?
2. A syndicated loan is a loan that is _____?
3. In which five year plan self-reliance as an object of planning was emphasized?
4. ”Strategy 2020″ is a Long-Term Strategic Framework developed by which among the following International Banks?
5. Which among the following is NOT correctly matched ?
6. Who among the following is called guru of Micro finance in India?
7. As per the current provisions of the Reserve Bank of India of Act, 1934, what is the highest denomination of notes RBI can issue?
8. We suppose that Reserve Bank of India would like to increase the cash Reserves of the commercial Banks. Which among the following would be most appropriate action of the RBI to achieve this aim?
9. The targets from fifth five year plan are set  with respect to which of the following parameters?
10. Which among the following group best fits in a definition of a ‘shadow banking system’?
11. In which year Public Debt Act was passed ?
12. Consider the following statements:

 
  1. A debenture Holder is also a creditor to the company
  2. A debenture Holder is also eligible to vote in the company
Which among the above statements is/ are correct?
13. Consider the following:

 
  1. Discount Rate
  2. Government Spending
  3. Reserve Requirements
  4. Open Market Operations
Which among the above are considered to be major instruments of monetary policy for regulating the economy ?
14. Consider the following:

 
  1. Financial Transaction Plan
  2. Technical Assistance Special Fund
  3. Financial Stability Board
Which among the above is/ are parts of International Monetary Fund?
15. Urban Co-operative banks are governed by?
16. What is the share of Government of India in NABARD?
17. With reference to Pulse production in India, consider the following statements:
1. India is world’s largest producer, consumer as well as importer of the pulses
2. The Most produced pulse of India is Chick Pea
3. The top pulse producing state of India is Madhya Pradesh
Which among the above is / are correct statements?
18. Consider the following statements:
1. Much of the financial savings of the Indian household sector is in the form of Bank Deposits
2. Deposits made in Public Banks, Private Banks as well as Cooperative Banks are insured under Deposit Insurance in India
Which among the above statements is / are correct?
19. Under the WTO, the members have committed themselves to extend concessions made to one trading partner to all WTO members. How do members benefit from the MFN principle?
1. It ensures equal access to international markets
2. It allows imposing higher tariffs on the products to order to protect their industry
3. Countries can negotiate one multilateral agreement instead of several bilateral agreements
Which among the above is / are correct statements?
20. Which among the following statements is / are correct with reference to the market capitalization?
1. Market capitalisation is the product of total number of shares and stock price
2. Market capitalisation changes daily
Choose the correct option from the codes given below
21. In the Exclusive Economic Zones (EEZs):
1. the countries have exclusive rights to territorial sea up to 100 nautical miles from the baseline
2. foreign vessels have freedom of navigation
3. submarine pipes and cables can be laid down by foreign countries
Which among the above is / are correct statements?
22. Which among the following would generally happen if there is an increase in the Bank Rates?
23. Sometimes, the term “Pink Revolution” makes news in context with:

 
  1. Onion production
  2. Pharmaceuticals
  3. Prawn production
Select the correct option from the codes given below:
24. Which among the following statements is / are correct with reference to the market capitalization?
1. Market capitalisation is the product of total number of shares and stock price
2. Market capitalisation changes daily
Choose the correct option from the codes given below:
25. Currently, which of the above is/are included in basket of reserve currencies under International Monetary Fund?

 
  1. Euro
  2. Japanese Yen
  3. British Pound
Select the correct option from the codes given below:
26. Consider the following statements with respect to the MUDRA Bank in India:

 
  1. The MUDRA Bank is responsible for Registration, regulation and accredition of Micro-finance Institutions.
  2. The MUDRA Bank come under the direct regulation of theRBI.
Which of the above is/are correct?
27. The banks keep the Cash Reserve Ratio in the form of __:
28. Which committee is responsible for identifying out the criteria for the urban poor or urban BPL families?
29. Consider the following statements:

 
  1. Mixed banking is a combination of deposit banking and investment banking
  2. When banks undertake the activities of wholesale and retail banking together, it is called universal Banking
Which of the above statements is/are correct?
30. The term CIPAM, which was recently in news, is associated to:
31. In which type of economy theoretically goods and services can be more affordable?
32. What was the Literacy rate of India at the time of independence?
33. Which of the following happens because of DBT(Direct benefit transfer)?
34. Which of the following is a reason for India to be a developing country?
35. Which state is the largest tendu leaves producer in India?
36. Who monitors fertilizer distribution in India?
37. Which oilseeds are used in the Manufacturing of paints?
38. What is India’s contribution to global smartphone market in 2019?
39. Which is the largest electrical equipment manufacturer in India?
40. Which is the top gold producing country in the world?
41. What is the share of petroleum sector in the FDI received from 2000-2020?
42. When was AMRUT mission launched?
43. Which country is the largest producer of raw jute and jute goods?
44. Which state has most number of paper mills in India?
45. What is the maximum investment by any single investor in an Indian company?
46. Which among the following is the oldest insurance company of India?
47. In context with the flow of the rural credit , which among the following comes at the last ?
48. The Agrarian Reforms Committee under the chairmanship of Shri J C Kumarappa in 1949 was related to which of the following?
49. In context with the currency management in India the responsibility for coinage vests with which of the following?
50. Kirit Parikh committee was related to which of the following?
51. In which year the Consumer protection act was implemented in India?
52. Under which of the following laws, the Subsidiary Bank of State Bank of India is constituted ?
53. A person has a Locker in a Bank. In this question the following statement holds correct:
54. Who among the following heads the “Economic Intelligence Council ” in India?
55. Consider the following statements:

 
  1. Not all banks come under the regulation of Right to Information Act
  2. Not all banks come under the Schedule 2 of RBI
Which among the above statements is / are correct?
56. Economic Planning comes under which of the following lists ?
57. Which among the following state has highest number of Export Oriented Units in India?
58. Consider the following statements:

 
  1. Hike in global oil prices can widen the Current Account Deficit (CAD) of India
  2. Higher CAD can lead to depreciation of the currency
Which among the above statements is/ are correct?
59. The minimum interest rate of a bank below which it is not viable to lend, is known as ____:
60. Which among the following is a correct definition of Outsourcing?
61. Which of the following is / are correct statements about the term “Circular Economy, which is seen in news sometimes?

 
  1. It focuses on a shift from fossil fuels to renewable energy
  2. It generally focuses upon environmental restoration in Industrial production
  3. It strongly advocates use of digital money instead of paper money
Select the correct option from the codes given below:
62. Demutualization:
1. is a process through which any member-owned organisation becomes a shareholder-owned company
2. relates to the stock exchanges as well as the insurance companies
Choose the correct option from the codes given below:
63. With reference to the tax revenues of the government of India, which among the following is / are correct observations:
1. The share of Direct Taxes in total tax collection is more than that of indirect taxes
2. The share of corporation tax in total direct taxes is more than that of income tax
Select the correct option from the codes given below:
64. Which among the following is / are examples of Recurring deposit?
1. Home safe account
2. Sickness deposit account
3. Home construction deposit scheme
Select the correct option from the codes given below:
65. Which among the following denotes the Market Capitalization of a company?
66. Consider the following companies:
1. Coal India Limited
2. Oil India Limited
3. Gail Indian Limited
Which among the above is / are Maharatna companies?
67. The Human Capital Report is published by the:
68. Consider the following elements:

 
  1. Angel investors
  2. Incubators
  3. Crowd funding
  4. Seed accelerators
Which of the above are elements of start-up ecosystem?
69. Consider the following statements about the Nyaya Mitra scheme:

 
  1. Under the scheme, the government will appoint a judicial magistrate of first classas “Nyaya Mitra”
  2. The scheme will focus mainly on those cases that are pending for more than 10 years at district level
Which of the above statements is/are correct?
70. In which of the following case, law of demand fails?
71. Which among the following is called India’s market watch dog?
72. On which birth anniversary of Mahatma Gandhi, NREGA was renamed as MNREGA by Cabinet of India?
73. In context with the employment programmes in India, which among the following was the first to mandate child-care facilities for women at work sites?
74. Which among the following is oldest?
75. Who among the following was the architect of second five year plan ?
76. Which among the following neighboring country sources its entire requirement of petrol, diesel and jet fuel from India?
77. The term “Golden Revolution” is most closely related to which of the following missions?
78. Which among the following authority appoints a Deputy Governor in Reserve Bank of India?
79. Consider the following:

 
  1. Discount Rate
  2. Government Spending
  3. Reserve Requirements
  4. Open Market Operations
Which among the above are considered to be major instruments of monetary policy for regulating the economy ?
80. The Mahatma Gandhi National Rural Employment Guarantee Act mandates at least what fraction of the beneficiaries to be women?
81. Income generated from Tourism” can be placed in which among the following?
82. Which among the following is correct in context with the Brown ATMs (Automated Teller Machines) ?
83. Which among these is most volatile Foreign Capital?
84. With reference to the impact(s) of liberalization on India’s exports and imports, consider the following observations:
1. The share of Agriculture exports in India’s total exports has increased
2. The share of textiles in India’s total exports has decreased
3. The share of engineering goods exports in India’s total exports has increased
Which among the above statements is / are correct?
85. Consider the following companies:
1. Coal India Limited
2. Oil India Limited
3. Gail Indian Limited
Which among the above is / are Maharatna companies?
86. The Human Capital Report is published by the
87. What benefits are available to farmers under the National Food Security Mission?
1. Financial assistance for purchase of seeds
2. Financial assistance for machines and farm equipments
3. Financial assistance for micronutrients in rice crops
Select the correct option from the codes given below:
88. The balance in current account and capital account together can be adjusted in the Balance of Payment with the help of _?
89. Who is the custodian of Contingency Fund of India?
90. Which of the following is a fixed cost for a firm?
91. What is the difference between the Gross value added and Net value-added ?
92. Who among the following was awarded Noble Price in economics in 2019 along with Abhijit Banerjee?
93. Which economy is based on the state ownership of resources and factors of production?
94. Which among the following is not a sunrise industry?
95. Which sector has seen double-digit growth in India in the last decade?
96. Which company partnered with NITI Aayog to implement Fertilizer subsidy disbursement through Blockchain Technology?
97. Which among the following are included in essential commodities under the essential commodities act,1955?
1. Foodstuff
2. Drugs
3. Fuel
Choose the correct option from the codes given below:
98. Which of the following is related to the Round revolution in India?
99.

How many SEZ’s are currently operational in India?

100. Which organization releases Index of Industrial production?