Economics Practice Questions Set 2
For India's Top Government Exams
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Consider the following statements about Sinking Fund
1. It is a method of repayment of public debt.
2. It is created by the government out of budgetary revenues every year.
Which of the statements given above is/are correct?
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1 point
Consider the following statements relating to the estimation of National Income.
1. Foreigners working in Indian Embassies are normal residents of India.
2. Foreigners working in the office of WHO, World Bank, UNO, etc. located in India are not normal residents of India.
3. Indians working in foreign embassies in India are not normal residents of India.
Which of the statements given above is/are not correct?
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1 point
Which of the following statements are correct?
1. The global economy relied on oil for much of the 20th century as a portable and indispensable fuel.
2. The immense wealth associated with oil generates political struggles to control it.
3. History of petroleum is also the history of war and struggle.
4. Nowhere is this more obviously the case of war and struggle than in West Asia and Central America.
Select the correct answer using the codes given below
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1 point
Match the following
List l
(Five Year Plan)

A. First
B. Second
C. Fifth
D. Ninth
List ll
(Emphasis)

1. Food security and women empowerment
2. Heavy industries
3. Agriculture and community development
4. Removal of poverty
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1 point
Consider the following statements
1. In India the minimum denomination coin acceptable for transaction is 50 paise.
2. Coins below 50 paise are not legal tender for payment.
Which of the statements given above is/are correct?
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1 point
Consider the following statements with regard to Statutory Liquidity Ratio (SLR)
1. To meet SLR, Commercial banks can use cash only.
2. SLR is maintained by the banks themselves.
3. SLR restricts the banks’ leverage in pumping more money into the economy.
Which of the statements given above is/are correct?
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1 point
India’s market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country. The main reason behind this move is
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1 point
A recent survey (by Bloomberg) shows that the USA has fallen behind emerging markets in Brazil, China, and India as the preferred place to invest. Why is it so?
1. Unstable economic situation of the USA which the global investors feel not likely to improve in the near future.
2. Global investors are finding Brazil, China, and India to be actually more amenable to foreign investment.
Select the correct answer using the code given below
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1 point
Brent index is associated with ___
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0 points
Match the following
List l
(Phase of Industrial Revolution)

A. First Phase
B. Third Phase
C. Second Phase
D. Fourth Phase
List ll
(Feature)

1. Rise of steel, chemical, electricity industries
2. Rise of cotton mill
3. Rise of steam engine
4. Rise of petrochemicals, jet aircraft, computers
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1 point
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