Economy previous Year Questions from 2014 (UPSC/ IAS)

1. With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure? (UPSC / IAS 2014)

(1) Defence expenditure

(2) Interest payments

(3) Salaries and pensions

(4) Subsidies,

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2. Which of the following organizations brings out the publication known as ‘World Economic Outlook’? (UPSC / IAS 2014)

3. If the interest rate is decreased in an economy, it will (UPSC / IAS 2014)

4. In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? (UPSC / IAS 2014)

(1) To enable the Central Bank to control the amount of advances the banks can create

(2) To make the people’s deposits with banks safe and liquid

(3) To prevent the commercial banks from making excessive profits

(4) To force the banks to have sufficient vault cash to meet their day-to-day requirements

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5. What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? (UPSC / IAS 2014)

(1) It enables the beneficiaries to draw their subsidies and social security benefits in their villages.

(2) It enables the beneficiaries in the rural areas to make deposits and withdrawals.

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6. The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’,

sometimes appearing in news, are used in relation to (UPSC / IAS 2014)

7. With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? (UPSC / IAS 2014)

(1) Balance of trade

(2) Foreign assets

(3) Balance of invisibles

(4) Special Drawing Rights

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8. The main objective of the 12th Five-Year Plan is (UPSC / IAS 2014)

9. What does venture capital mean? (UPSC / IAS 2014)

10. The sales tax you pay while purchasing a toothpaste is a (UPSC / IAS 2014)