1. Consumer welfare is indicated by
(a) Savings
(b) Disposable income
(c) Expenditure
(d) None of the above
2. Economic Survey is published by
(a) Ministry of Finance
(b) Planning commission
(c) Govt. of India
(d) Indian statistical institute
3. The direct correlation among caste, poverty and social status implied that ? [UPSC CAPF 2013]
1. with improvement in economic status, one could claim higher social status.
2. caste hierarchy was immutable lower castes were the only ones to be pushed into menial labour.
3. lower castes were the only ones to be pushed into menial labour.
4. with improvement in social status, one could claim higher caste status.
Select the correct answer using the code given below.
(a) 1, 2 and 4
(b) 1, 3 and 4
(c) 2 and 4
(d) 1 and 3
4. According to simple Keynesian theory the slope of the aggregate consumption curve against income is ? [UPSC CAPF 2019]
(a) Positive
(b) Negative
(c) Zero
(d) Infinity
5. Which one of the following is an example of a price ceiling ? [UPSC CAPF 2019]
(a) Fares charged by Airlines in India
(b) Price printed on biscuit packets
(c) Minimum support price for cane growers
(d) Minimum wages fixed by state Governments
6. Who coined the concept of “Paradox of Thrift” ? [UPSC CAPF 2019]
(a) Adam Smith
(b) Alfred Marshall
(c) John Maynard Keynes
(d) Paul A. Samuelson
7. Which one of the following educational development indicators is currently used by United Nations Development Programme (UNDP) to construct Human Development Index ? [UPSC CAPF 2020]
(a) Level of Literacy
(b) Gross Enrolment Ratio
(c) Mean Years of Schooling
(d) Dropout rate
8. Which of the following is/are the indicator/indicators used by IFPRI to compute the Global Hunger Index Report? [UPSC CSE 2016]
1. Undernourishment
2. Child stunting
3. Child mortality
Select the correct answer using the code given below.
(a) 1 only
(b) 2 and 3 only
(c) 1, 2 and 3
(d) 1 and 3 only
9. With reference to Indian economy, consider the following statements: [UPSC CSE 2015]
1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
10. Economic growth in country X will necessarily have to occur if [UPSC CSE 2013]
(a) there is technical progress in the world economy
(b) there is population growth in X
(c) there is capital formation in X
(d) the volume of trade grows in the world economy
11. To obtain full benefits of demographic dividend, what should India do? [UPSC CSE 2013]
(a) Promoting skill development
(b) Introducing more social security schemes
(c) Reducing infant mortality rate
(d) Privatization of higher education
12. The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following? [UPSC CSE 2012]
1 Deprivation of education, health, assets and services at household level
2 Purchasing power parity at national level
3 Extent of budget deficit and GDP growth rate at national level
Select the correct answer using the codes given below :
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
13. Economic growth is usually coupled with [UPSC CSE 2011]
(a) Deflation
(b) Inflation
(c) Stagflation
(d) Hyperinflation
Which of the following can aid in furthering the Government’s objective of inclusive growth? [UPSC CSE 2011]
1. Promoting Self-Help Groups
2. Promoting Micro, Small and Medium Enterprises
3. Implementing the Right to Education Act
Select the correct answer using the codes given below:
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
14. In the context of Indian economy, consider the following statements : [UPSC CSE 2011]
1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
