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 4 is very useful to get the maximum marks from the General Ability sections. Candidates can check the daily updates at UPSC Official Website
1. Income generated from Tourism” can be placed in which among the following?
A. Invisible Import
B. Invisible Export
C. Visible Import
D. Visible Export
Answer: Option B
2. Who among the follwoing is known to have mooted the idea of Food Coupons?
A. C Rangrajan
B. V Subbarao
C. Nandan Nilkeni
D. Kaushik Basu
Answer: Option D
3. A village in the plain area of India comes under the Pradhan Mantri Gram Sadak Yojna , if its population is more than ___?
A. 500
B. 1000
C. 1500
D. 2000
Answer: Option A
4. If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following?
A. Fiscal adjustment
B. Deficit Financing
C. Mandatory spending
D. Retrenchment
Answer: Option B
5. The Financial Sector Assessment Program (FSAP) is a comprehensive and in-depth analysis of a country’s financial sector. This programme is conducted b
A. International Monetary Fund
B. G-20
C. World Economic Forum
D. World Bank
6. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called?
A. FDI
B. Portfolio Investment
C. NRI Investment
D. Foreign Indirect Investment
Answer: Option D
7. The Mahatma Gandhi National Rural Employment Guarantee Act mandates at least what fraction of the beneficiaries to be women?
A. 25%
B. 30%
C. 40%
D. 50%
Answer: Option B
8. The implementation of which among the following programmes is/ was based upon the concept of the Self Help Groups (SHGs)?
A. National Rural Employment Guarantee Act
B. Sampoorna Grameen Rozgar Yojna
C. Swarna Jayanti Gram Swarozgar Yojna
D. National Food for Work Programme
Answer: Option C
9. The power of the commercial banks to expand deposits through expanding their loans and advances is known as which among the following?
A. Capital Expansion
B. Credit Expansion
C. Credit Control
D. Credit Creation
Answer: Option D
10. If the Reserve Bank of India wants to block/hinder the Capital Outflows and contain the currency depreciation, which among the following would be the reason
A. Increase Interest Rates
B. Decrease Interest Rates
C. Purchase Government Bonds
D. Decrease Statutory Liquidity Ratio
11. What is the impact on the “Social overhead capital requirements” of an economy, if the population increases?
A. Social overhead capital requirements fall
B. Social overhead capital requirements remain unchanged
C. Social overhead capital requirements increase
D. Social overhead capital requirements fall drastically
Answer: Option C
12. Who among the following has written the book “Growth & Finance”?
A. Bimal Jalan
B. K Subba Rao
C. C Rangrajan
D. Amartya Sen
Answer: Option C
13. A Maharatna company can invest up to which among the following amounts in a project independently?
A. Rs. 1000 Crore
B. Rs. 5000 Crore
C. Rs. 10000 Crore
D. Rs. 15000 Crore
Answer: Option B
14. Which among the following authority appoints a Deputy Governor in Reserve Bank of India?
A. Governor of RBI
B. Central Board of Directors
C. Central Government
D. Committee of the Central Board
Answer: Option C
15. In India, which among the following decides the savings bank rate?
A. Central Government
B. Banks themselves
C. Reserve Bank of India
D. Commercial Banks