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UPSC NDA and NA Economy Quiz 3

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UPSC NDA and NA Economy Quiz 3

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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 3 is very useful to get the maximum marks from the General Ability sections. Candidates can check the daily updates at UPSC Official Website

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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

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1. What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?
    A. 75% and 90% B. 90% and 75% C. 10% and 25% D. 25% and 10%

Answer: Option D
2. Currently, which among the following products is facing imports ban from China?
    A. Milk and Milk products B. Rice C. Telecom equipment D. Heavy electrical engineering equipment

Answer: Option A
3. Why the Indirect taxes are termed regressive taxing mechanisms?
    A. They are charged at higher rates than direct taxes B. They are charged the same for all income groups C. They are not charged the same for all income groups D. They are not charged the same for all income groups

Answer: Option B
4. The concept of ‘Universal Banking’ was implemented in India on the recommendations of:
    A. Abid Hussain Committee B. R H Khan Committee C. S Padmanabhan Committee D. Y H Malegam Committee

Answer: Option B
5. Which among the following is the oldest Public Sector Bank of India?
    A. Punjab National Bank B. Imperial Bank of India C. Allahabad Bank D. Central Bank of India

Answer: Option C
6. Which of the following Price Indices of India is considered for measuring ‘Headline Inflation’?
    A. GDP Deflator B. CPI-AL/RL C. CPI-IW D. WPI

Answer: Option D
7. Which of the following agricultural commodity of India gives largest in terms of export value?
    A. Tea B. Basmati Rice C. spices D. cotton

Answer: Option B
8. The central nodal agency for implementing the price support operations for commercial crops is:
    A. NAFED B. NABARD C. TRIFED D. FCI

Answer: Option A
9. The minimum interest rate of a bank below which it is not viable to lend is known as ____:
    A. Reserved Rate B. Base Rate C. Marginal Rate D. Prime Lending Rate

Answer: Option B
10. National Small Savings Fund is a part of which among the following?
    A. Consolidated Fund of India B. Public Account of India C. Contingency Fund of India D. Prime Minister’s Relief Fund

Answer: Option B
11. Maximum share in India’s total external debt is of which among the following currency?
    A. US Dollar B. Indian Rupee C. Euro D. Japanese Yen

Answer: Option A
12. The National Mission for Saffron has been launched as a subscheme of which among the following programs?
    A. National Food Security Mission B. National Horticulture Mission C. Rashtriya Krishi Vikas Yojana D. National Cash Crop Programme

Answer: Option C
13. If the Reserve Bank of India wants to increase the Cash Reserves commercial Banks, which among the following would be the most probable step taken by
    A. Release Gold from its reserves B. Buy bonds in the open market C. Prohibit the transactions that involve bill of exchange D. Increase the tranche reserves with the IMF

Answer: Option B
14. Which among the following can not be called an ant inflationary measure?
    A. Raising the Bank Rates B. Raising the Reserve Ratio Requirements C. Purchase of securities in the Open Markets D. Rationing of the Credit

Answer: Option C
15. Which among the following is the short name of highest authority in India for Indirect Taxes?
    A. CBED B. CBDT C. CBEC D. CBIT

Answer: Option C

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