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Economic wizard for IAS Prelims-2017

Q.1.Occupational pattern in India is fast changing. This is mainly due to

  1. Growth of tertiary sector
  2. Increase in non-farm activities
  3. Education
  4. Increased migration in rural India
  5. Resource-population imbalance in rural India.
  1. All
  2. 1,2,3 & 4
  3. 2,3,4 & 5
  4. 2,4 & 5

Q.2. GDP at MP nears GDP at FC if

  1. The differences between Indirect tax and Subsidies vanishes
  2. The differences between Indirect tax and Subsidies increases
  3. Inflation is at the lowest level
  4. No depreciation in the asset take place

Q.3. Centralized Planning has the following advantages over decentralized Planning?

  1. It promotes equitable distribution of resources
  2. It promotes fastest rate of economic growth
  3. It supports national integration
  4. It prevents nation’s disintegration
  1. 1, 2 & 3
  2. 1 & 2
  3. 1, 2, 3 & 4
  4. 1 & 3

Q.5. TFA will facilitate the movement of 

  1. Goods
  2. Services
  3. Both a & b
  4. None of the above

Q.26. Prior permission for receipt of foreign contribution and its utilization is required under

  1. FCRA
  2. FERA
  3. Both a & b
  4. None of the above
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