Economy previous Year Questions from 2015(UPSC/ IAS)

1. Convertibility of rupee implies (UPSC / IAS 2015)

2. Which of the following brings out the ‘Consumer Price Index Number for Industrial Workers’? (UPSC / IAS 2015)

3. In India, markets in agricultural products are regulated under the (UPSC / IAS 2015)

4. When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points,

which of the following is likely to happen? (UPSC / IAS 2015)

5. Which one of the following issues the ‘Global Economic Prospects’ report periodically? (UPSC / IAS 2015)

6. The Fair and Remunerative Price (FRP) of sugarcane is approved by the (UPSC / IAS 2015)

7. In the ‘Index of Eight Core Industries’, which one of the following is given the highest weight? (UPSC / IAS 2015)

8. A decrease in tax to GDP ratio of a country indicates which of the following? (UPSC / IAS 2015)

(1) Slowing economic growth rate

(2) Less equitable distribution of national income

Select the correct answer using the code given below.

9. There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit? (UPSC / IAS 2015)

(1) Reducing revenue expenditure

(2) Introducing new welfare schemes

(3) Rationalizing subsidies

(4) Expanding industries

Select the correct answer using the code given below.

10. The problem of international liquidity is related to the non-availability of (UPSC / IAS 2015)

11. With reference to inflation in India, which of the following statements is correct? (UPSC / IAS 2015)

12. With reference to the Indian economy, consider the following (UPSC / IAS 2015)

(1) Bank rate

(2) Open market operations

(3) Public debt

(4) Public revenue

Which of the above is/are component/ components of Monetary Policy?

13. With reference to the Indian economy, consider the following statements: (UPSC / IAS 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?

14. ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to (UPSC / IAS 2015)