In this article we will analyse the Questions asked from economy section in the Civil Services exam 2018. We will have a comparison with the syllabus and sources we have already discussed
Difficulty : Medium
Topic Hierarchy : Sectors of Economy > Agriculture
Resource : Current Affairs
Q1. Consider the following statements:
1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
2. The Government does not impose any customs duty on all the imported edible oils as a special case.
Which of the statements given above is/are correct?
Difficulty : Medium
Topic Hierarchy : Money and Banking
Resource : Current Affairs
Q2. Consider the following statements:
1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.
2. CAR is decided by each individual bank. Which of the statements given above is/are correct?
Difficulty : Medium
Topic Hierarchy : International Organisations > WTO
Resource : Current Affairs
Q3. India enacted the Geographical Indications of Goods (Registration and Protection) Act, 1999 in order to comply with the obligations to
Difficulty : Easy
Topic Hierarchy : Money and Banking
Resource : NCERT
Q4. Which one of the following statements correctly describes the meaning of legal tender money?
Difficulty : Medium
Topic Hierarchy : Basics
Resource : NCERT
Q5. If a commodity is provided free to the public by the Government, then
Difficulty : Medium
Topic Hierarchy : National Income Accounting
Resource : NCERT
Q6. Increase is absolute and per capital real GNP do not connote a higher level of economic development, if
Difficulty : Easy
Topic Hierarchy : Indian Economy Development
Resource : NCERT
Q7. Consider the following statements: Human capital formation as a concept is better explained in terms of a process which enables
1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities of the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth.
Which of the statements given above is/are correct?
Difficulty : Medium
Topic Hierarchy : Indian Economic Development
Resource : NCERT
Q8. Despite being a high saving economy, capital formation may not result in significant increase in output due to
Difficulty : Medium
Topic Hierarchy : Money and Banking > RBI
Resource : Extra
Q9. Consider the following statements:
1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the state Governments.
3. Treasury bills offer are issued at a discount from the par value.
Which of the statements given above is/are correct?
Difficulty : Medium
Topic Hierarchy : Sectors of Economy > Agriculture
Resource : Current Affairs
Q10. Consider the following:
1. Areca nut
2. Barley
3. Coffee
4. Finger millet
5. Groundnut
6. Sesamum
7. Turmeric
The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?
Difficulty : Medium
Topic Hierarchy : Money and Banking
Resource : Current Affairs
Q11. With reference to the governance of public sector banking in India, consider the following statements:
1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.
Which of the statements given above is/are correct?
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