Economics : Civil Services Exam 2014 Question Paper Analysis

Analysis of Economics Section of Civil Services Exam 2014

Economics Previous Year Questions Analysis
By   @shriyansh,   2 years ago

In this article we will analyse the Questions asked from economics section in the Civil Services exam 2014. We will have a comparison with the syllabus and sources we have already discussed.



Questions


Difficulty : Medium

Topic Hierarchy :

Source : Current Affairs

Q1. What does venture capital mean ?

  1. A short-term capital provided to industries
  2. A long-term start-up capital provided to new entrepreneurs
  3. Funds provided to industries at times of incurring losses.
  4. Funds provided for replacement and renovation of industries. 


Difficulty : Medium

Topic Hierarchy : Planning

Source : Current Affairs

Q2. The main objective of the 12th Five-Year Plan is

  1. inclusive growth and poverty reduction.
  2. inclusive and sustainable growth
  3. sustainable and inclusive growth to reduce unemployment
  4. faster, sustainable and more inclusive growth. 


Difficulty : Medium

Topic Hierarchy : Balance of Payments

Source : NCERT

Q3. With reference to Balance of Payments, which of the following constitutes/ constitute the Current Account ?

  1. Balance of trade
  2. Foreign assets
  3. Balance of invisibles
  4. Special Drawing Rights

Select the correct answer using the code given below.

  1. 1 only
  2. 2 and 3
  3. 1 and 3
  4. 1, 2 and 4 


Difficulty : Easy

Topic Hierarchy : Money and Banking

Source : Current Affairs

Q4. The terms 'Marginal Standing Facility Rate' and 'Net Demand and Time Liabilities', sometimes appearing in news, are used in relation to

  1. banking operations
  2. communications networking
  3. military strategies
  4. supply and demand of agricultural products 


Difficulty : Medium

Topic Hierarchy : Money and Banking

Source : Current Affairs

Q5. What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas ?

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.

Select the correct answer using the code given below.

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2


Difficulty : Medium

Topic Hierarchy : Money and Banking

Source : NCERT

Q6. In the context of Indian economy which of the following is/are the purpose/purposes of 'Statutory Reserve Requirements'?

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.

Select the correct answer using the code given below.

  1. 1 only
  2. 1 and 2 only
  3. 2 and 3 only
  4. 1, 2, 3 and 4 


Difficulty : Medium

Topic Hierarchy : Economic Development / Reports

Source : Current Affairs

Q7. Which of the following organizations brings out the publication known as 'World Economic Outlook ?

  1. The International Monetary Fund
  2. The United Nations Development Programme
  3. The World Economic Forum
  4. The World Bank 


Difficulty : Medium

Topic Hierarchy : Public Finance

Source : NCERT

Q8. With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure ?

1. Defence expenditure

2. Interest payments

3. Salaries and pensions

4. Subsidies

Select the correct answer using the code given below.

  1. 1 only
  2. 2 and 3 only
  3. 1, 2, 3 and 4
  4. None


Difficulty : Medium

Topic Hierarchy : Money and Banking

Source : NCERT

Q9. If the interest rate is decreased in an economy, it will

  1. decrease the consumption expenditure in the economy 
  2. increase the tax collection of the Government.
  3. Increase the investment expenditure in the economy
  4. increase the total savings in the economy. 



Author : Shriyansh Gautam
Shriyansh Gautam
@shriyansh

Civil Services Aspirant

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