Economics Economy questions from IAS 2011.
A "closed economy" is an economy in which
A rapid increase in the rate of inflation is sometimes attributed to the "base effect". What is "base effect"?
All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the
Among the following who are eligible to benefit from the "Mahatma Gandhi National Rural Employment Guarantee Act" ?
Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two ?
Consider the following actions which the Government can take : 1. Devaluing the domestic currency. 2. Reduction in the export subsidy. 3. Adopting suitable policies which attract greater FDI and more funds from FIIs. Which of the above action/actions can help in reducing the current account deficit ?
Economic growth is usually coupled with
In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities ?
In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to
In the context of Indian economy, consider the following statements : 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 ?
India is regarded as a country with "Demographic Dividend". This is due to
Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under microfinance is/are : 1. Credit facilities 2. Savings facilities 3. Insurance facilities 4. Fund Transfer facilities Select the correct answer using the codes given below the lists :
The lowering of Bank Rate by the Reserve Bank of India leads to
What is the difference between "vote-on-account" and "interim budget"? 1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government. 2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?
Which of the following can aid in furthering the Government's objective of inclusive growth ? 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 :
Which one of the following is not a feature of "Value Added Tax"?
Which one of the following statements appropriately describes the "fiscal stimulus" ?
Why is the offering of "teaser loans" by commercial banks a cause of economic concern ? 1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future. 2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units. Which of the statements given above is/are correct ?
With reference to "Aam Admi Bima Yojana", consider the following statements : 1. The member insured under the scheme must be the head of the family or an earning member of the family in a rural landless household. 2. The member insured must be in the age group of 30 to 65 years. 3. There is a provision for free scholarship for up to two children of the insured who are studying between classes 9 and 12. Which of the statements given above is/are correct ?