# UPSC NDA and NA Economy Quiz 1

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# UPSC NDA and NA Economy Quiz 1

### 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

### 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

### 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

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

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

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

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

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

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

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

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

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

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

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

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