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UPSC NDA and NA Economy Quiz 1

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UPSC NDA and NA Economy Quiz 1

shape Introduction

Economy is a very important subject for Railway Recruitment exams and UPSC Exams. UPSC NDA and NA Prelims Exam is the combination of Mathematics and General Ability. Geography is one of the most important topics in the General Ability section. All these questions are easily understandable format. UPSC NDA and NA Economy Quiz 1 is very useful to get the maximum marks from the General Ability sections. Candidates can check the daily updates at UPSC Official Website

shape Pattern

Paper Mode Subject Marks Duration
Paper-I Mathematics 200 Marks 2 hours
Paper-II General Ability 200 Marks 2 hours
UPSC NDA and NA Syllabus

shape Samples

1. Deficit financing implies
    A. printing new currency notes B. replacing new currency with worn out currency C. public expenditure in excess of public revenue D. public revenue in excess of public expenditure

Answer: Option C
2. Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
    A. 80 percent B. 83 percent C. 90 percent D. 100 percent

Answer: Option D
3. Which of the following is not a part of machinery that settles industrial disputes?
    A. Wage Court B. Works Committee C. Conciliation officers D. Board of Conciliation

Answer: Option A
4. In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, another material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value-added in the process?
    A. Rs 1000 B. Rs 500 C. Rs 400 D. Rs 300

Answer: Option D
5. Paper currency first started in India in
    A. 1861 B. 1542 C. 1601 D. 1880

Answer: Option A
6. The ARDC is now a branch of the
    A. RBI B. NABARD C. IDBI D. SDBI

Answer: Option B
7. Devaluation of currency leads to
    A. fall in domestic prices B. increase in domestic prices C. no impact on domestic prices D. erratic fluctuations in domestic prices

Answer: Option B
8. Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
    A. ARDC B. SBI C. NABARD D. PACs

Answer: Option C
9. If the RBI adopts an expansionist open market operations policy, this means that it will
    A. buy securities from non-government holders B. sell securities in the open market C. offer commercial banks more credit in the open market D. openly announce to the market that it intends to expand credit

Answer: Option C
10. Redistribution polices geared to reduce economic inequalities include
    A. progressive tax policies B. land reforms C. rural development policies D. All the above

Answer: Option D
11. Short-term finance is usually for a period ranging up to
    A. 5 months B. 10 months C. 12 months D. 15 months

Answer: Option A
12. In India, which one among the following formulates the fiscal policy?
    A. Planning Commission B. Ministry of Finance C. Finance Commission D. The Reserve Bank of India

Answer: Option B
13. The budget deficit means
    A. the excess of total expenditure, including loans, net of lending over revenue receipts B. difference between revenue receipts and revenue expenditure C. difference between all receipts and all the expenditure D. fiscal deficit less interest payments

Answer: Option C
14. Subsidies mean
    A. payment by government for purchase of goods and services B. payment made by business enterprises to factors of production C. payment made by companies to shareholders D. payment made by the government to business enterprises, without buying any goods and services

Answer: Option D
15. National expenditure includes
    A. consumption expenditure B. investment expenditure C. government expenditure D. All of the above

Answer: Option D

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