NPSC MOCK TEST ON ECONOMICS 2024
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Rules and Regulations for Test:
1. There are 100 Questions in this Test.
2. Each Question carries 1 Mark.
3. There is a Negative Marking of (-0.33) for each wrong answer.
4. No marks will be deducted for unanswered Question(s).
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- Answered
- Review
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Question 1 of 100
1. Question
1) In India, Banks can accept interest free deposits in ___
1) Current Account
2) Saving Account
3) Demand Deposits
4) Term DepositsChoose the correct option:
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Question 2 of 100
2. Question
2) Which of the following are the indicators used for measuring the Human Development Index?
1) Life expectancy at birth
2) Expected years of schooling
3) Per Capita Gross Domestic Product
4) Child Mortality Rate
5) Per Capita Gross National Income
Select the correct answer using the code given below: -
Question 3 of 100
3. Question
3) Stapes taken by FSSAI promote food fortification includes which of the following?
1) Food Fortification Resource Centre
2) POSHAN Maah
3) Eat Right India
Codes -
Question 4 of 100
4. Question
4) “The state nutrition profiles” is a joint effort of which of the following institution?
1. NITI AaYOG
2. International Food Policy Research Institute (IFPRI)
3. Indian Institute of Population sciences (IIPS)
4. UNICEF
5. Institute of economic growth (IEG)
Select the correct answer using the code given below: -
Question 5 of 100
5. Question
5) Higher parking of funds by the banks with the reserve bank of India under the Reverse Repo is likely to
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Question 6 of 100
6. Question
6) Which of the following can be considered as the source(s) of money supply in India?
1) The Reserve Bank of India (RBI)
2) Government
3) Banks
Select the correct answer using the code given below: -
Question 7 of 100
7. Question
7) Which of the following transaction gets/get correct accounted under India’s GDP?
1) Goods manufactured in a particular year, but remain unsold
2) Money spent by the Indian resident abroad for travel and tourism
3) Money spent by the non-resident within India
4) Investment in R&D
Select the correct answer using the code given below: -
Question 8 of 100
8. Question
8) Which of the following statements is/are correct?
1) Bank Rate is the minimum interest rate, below which of the financial institutions cannot lend
2) MCLR is the minimum rate of interest, which a central bank charges, while lending loans to the domestic banks
3) Repo Rate is the interest rate charged by the RBI, when it lends money to the banks against securities for the short term only.
Select the correct answer using the code given below: -
Question 9 of 100
9. Question
9) Consider the following statement regarding the Antyodaya Anna Yojana (AAY)
1) Households headed by the widows are entitled to an AAY card
2) Under the scheme, the government provides highly subsidized rate of rs 2/- per kg , for rice and rs 3/- per kg for wheat
3) The state/UTs bear the distribution cost, including the margin to the dealers and the retailers, as well as the transportation cost
Which of the following statements given above is/are correct? -
Question 10 of 100
10. Question
10) A persistent fall in the general price level of goods and services is known as __:
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Question 11 of 100
11. Question
11) Which among the following is a term for which alternate word “Buyer’s Monopoly” is used?
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Question 12 of 100
12. Question
12) Which of the following are used as tool for the Liquidity adjustment facility (LAF)?
1. Repo Rate
2. Reverse Repo Rate
3. Cash Reserve Ratio
4.Statutory liquidity ratio
Select the correct option from codes given below: -
Question 13 of 100
13. Question
13) Who is called the ‘Father of Economics’?
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Question 14 of 100
14. Question
14) What is meant by bank rate?
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Question 15 of 100
15. Question
15) Who wrote the book ‘Planned Economy for India’?
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Question 16 of 100
16. Question
16) Dadabhai Naoroji theorised on the drain of wealth from India in his book:
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Question 17 of 100
17. Question
17) The steel plants at Durgapur, Bhilai and Rourkela were established during the period of
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Question 18 of 100
18. Question
18) The most distinguishing feature of oligopoly is:
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Question 19 of 100
19. Question
19) Which of the following comes under the secondary sector of the Indian economy?
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Question 20 of 100
20. Question
20) The one rupee note bears the signature of:
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Question 21 of 100
21. Question
21) What is the density of population of India as per Census 2011?
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Question 22 of 100
22. Question
22) What is the literacy rate of India as per Census 2011?
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Question 23 of 100
23. Question
23) When was the Finance Commission set up?
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Question 24 of 100
24. Question
24) Which Organization/Ministry publishes the Consumer Price Index of India?
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Question 25 of 100
25. Question
25) In which Five Year Plan, India adopted Mixed Economy?
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Question 26 of 100
26. Question
26) The present Industrial Policy is based on:
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Question 27 of 100
27. Question
27) In which form of market, an individual firm is called as a ‘Price Taker’?
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Question 28 of 100
28. Question
28) Who is known as the Father of India’s planning?
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Question 29 of 100
29. Question
29) Which NE state has the highest literacy rate as per Census 2011?
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Question 30 of 100
30. Question
30) When was the Planning Commission set up?
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Question 31 of 100
31. Question
31) Which Five Year Plan was terminated before its stipulated period due to problems of coalition Government?
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Question 32 of 100
32. Question
32) What is the full form of NITI?
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Question 33 of 100
33. Question
33) When was the NITI Aayog formed?
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Question 34 of 100
34. Question
34) Who is the Chairperson of the NITI Aayog?
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Question 35 of 100
35. Question
35) Under which Article of the Indian Constitution, the Finance Commission was set up?
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Question 36 of 100
36. Question
36) Who is known as the ‘Father of Indian Census’?
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Question 37 of 100
37. Question
37) Under whose guidance, the 2011 Census of India was conducted?
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Question 38 of 100
38. Question
38) Who among the following heads the “Economic Intelligence Council ” in India?
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Question 39 of 100
39. Question
39) Indian economy is the ….. Largest economy in the world.
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Question 40 of 100
40. Question
40) Under which Amendment of the Indian Constitution, the GST came into effect?
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Question 41 of 100
41. Question
41) What is the Theme of ASEAN Summit 2023?
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Question 42 of 100
42. Question
42) The Sixth and the Eighth Five-Year Plans covered the period 1980-85 and 1992-97 respectively. The Seventh Five-Year Plan covered which of the following periods?
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Question 43 of 100
43. Question
43) Which among the following is the largest nuclear power station of India by capacity?
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Question 44 of 100
44. Question
44) Which Ministry of India created an E-Shram portal for the welfare in the unorganized sector?
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Question 45 of 100
45. Question
45) The highest ever capital outlay for the Ministry of Railways in the FY 2023-24:
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Question 46 of 100
46. Question
46) In the current Fiscal Year 2023-24, the Fiscal Deficit of Gross State Domestic Product (GSDP) is estimated at:
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Question 47 of 100
47. Question
47) In which year Liberalized Exchange Rate Management System (LERMS) was launched in India?
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Question 48 of 100
48. Question
48) In which Five Year Plan the concept of ‘Buffer Stock’ was introduced?
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Question 49 of 100
49. Question
49) “Faster, Sustainable and more Inclusive growth” was the objective of which Five year plan?
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Question 50 of 100
50. Question
50) Under which Article of the Indian Constitution, the Finance Commission was set up?
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Question 51 of 100
51. Question
51) Which District of Nagaland has the highest literacy rate as per 2011 census?
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Question 52 of 100
52. Question
52) Who is the present Governor of the RBI?
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Question 53 of 100
53. Question
53) It is the rate of Interest at which RBI provides liquidity to commercial banks against the collateral of Govt:
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Question 54 of 100
54. Question
54) Bank Rate implies the rate of interest?
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Question 55 of 100
55. Question
55) The Asian Development Bank (ADB) is set to construct 25-mw solar power plant in which state?
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Question 56 of 100
56. Question
56) What is the overall cost of the “PRITHvi VIgyan (PRITHVI)” scheme approved by the Union Cabinet of India?
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Question 57 of 100
57. Question
57) As per RBI’s new policy, what is the maximum dividend commercial banks can pay out based on their net NPA ratios?
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Question 58 of 100
58. Question
58) Which Union Ministry is associated with the Competition (amendment) Bill 2022?
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Question 59 of 100
59. Question
59) Which institution released the ‘2023 Adaptation Gap Report’?
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Question 60 of 100
60. Question
60) As of 2024, for how many sectors is the Government of India running Performance Linked Incentive (PLI) schemes?
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Question 61 of 100
61. Question
61) What is the projected global unemployment rate for the year 2024?
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Question 62 of 100
62. Question
62) According to “World Happiness Report” India’s rank at
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Question 63 of 100
63. Question
63) According to the World Economic Forum’s Travel and Tourism Development Index 2024, India has climbed to the position of
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Question 64 of 100
64. Question
64) The Export-Import Bank of India (India Exim Bank) recently opened its East Africa Representative Office in
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Question 65 of 100
65. Question
65) Recommendations of first Finance Commission covered which of the following periods?
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Question 66 of 100
66. Question
66) Which institution has notified four key measures with an aim to strengthen 1,514 urban co-operative banks in India?
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Question 67 of 100
67. Question
67) According to Global Gender gap Index, India ranked at
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Question 68 of 100
68. Question
68) Which of the following state has negative population growth is according to Census 2011?
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Question 69 of 100
69. Question
69) According to Census 2011, what was the population growth rate of India from 2001 to 2011?
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Question 70 of 100
70. Question
70) What is the maximum maturity period of funds/instruments in money market?
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Question 71 of 100
71. Question
71) What is maximum period for which money is lent under notice money?
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Question 72 of 100
72. Question
72) Name the system through which money market trades are conducted?
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Question 73 of 100
73. Question
73) Which of the following countries has a greater prevalence of absolute poverty?
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Question 74 of 100
74. Question
74) Which of the following statements is true about the primary sector?
i) Mining and forestry is a primary sector activity
ii) Agriculture and poultry farming is a primary sector activity
iii) Transport is a primary sector activity
iv) Construction is a primary sector activity -
Question 75 of 100
75. Question
75) The per-day calorie estimate of poverty for rural economies is __________.
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Question 76 of 100
76. Question
76) In which year was the National Food for Work Programme launched in India?
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Question 77 of 100
77. Question
77) Which of the following is a part of transient poor?
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Question 78 of 100
78. Question
78) The concept of Economy Planning in India is derived from:
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Question 79 of 100
79. Question
79) According to Census 2011, which union territory has the highest population growth rate between 2001 to 2011?
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Question 80 of 100
80. Question
80) What % of aggregate deposit can be borrowed by cooperative banks in the call/notice money market?
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Question 81 of 100
81. Question
81) Which among the following is considered to be the be4st measure of an increase in a country’s economic efficiency?
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Question 82 of 100
82. Question
82) Which among the following is NOT a money market instrument?
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Question 83 of 100
83. Question
83) Which among the following is a money market instrument of shortest tenure?
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Question 84 of 100
84. Question
84) Which of the following is not a fixed cost?
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Question 85 of 100
85. Question
85) What is demand for necessities?
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Question 86 of 100
86. Question
86) Poverty in India is measured by any one of the following criteria?
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Question 87 of 100
87. Question
87) Which of the following is not correct Five year Plan?
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Question 88 of 100
88. Question
88) What is the number of members in the Monetary Policy Committee (MPC)?
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Question 89 of 100
89. Question
89) The rate at which RBI purchases or rediscounts bills of exchange of commercial banks is called?
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Question 90 of 100
90. Question
90) What is the growth forecast of India for the current fiscal, as per the Asian Development Bank (ADB)?
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Question 91 of 100
91. Question
91) Which Indian company has received claims worth INR 240 billion rupees (USD 2.9 billion) from creditors?
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Question 92 of 100
92. Question
92) Which bank launched the ‘Nation First Transit Card’ to facilitate seamless customer commuting experience?
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Question 93 of 100
93. Question
93) India recently organised its first ‘Investment Forum 2023’ with which country?
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Question 94 of 100
94. Question
94) Which institution releases the Financial Inclusion Index (FI-Index) in India?
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Question 95 of 100
95. Question
95) Which Indian Financial Institution has recently raised ₹10,000 crore through the issue of infrastructure bond?
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Question 96 of 100
96. Question
96) Which is the first life insurance company to receive a GIFT City IFSC registration?
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Question 97 of 100
97. Question
97) The Government of India signed a $400 million policy-based loan with which institution to support urban services?
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Question 98 of 100
98. Question
98) Which organization recently released the “State of Global Air (SoGA) 2024”?
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Question 99 of 100
99. Question
99) What was the target of the first five-year plan?
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Question 100 of 100
100. Question
100) Recently, which ministry notified new wage rates for unskilled manual workers under the MGNREGA, 2005 for FY 2024-2025?