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Mock Test for 2017 Prelims: Economics

Q.1. Which of the following are the advantages of SCO for India?

  1. Energy Security
  2. Counter-terrorism
  3. Balancing Act against Pro-US image
  1. Only 1
  2. 1 & 2
  3. 2 & 3
  4. 1,2 & 3

Q.2. According to SIT, Participatory Note are safe tool for money laundering due to

  1. Lack of information about “beneficial owner “ with the SEBI
  2. Direct investment in companies that is outside the purview of SEBI
  3. Transferable nature of Participatory Note
  4. Its location is outside India
  1. 1, 2 & 3
  2. 1, 3 & 4
  3. 1 & 3
  4. Only 1

Q.3. Which of the following organizations are associated with ASEAN?

  1. ARF
  2. RCEP
  3. TAC
  1. All
  2. only 1
  3. 1 & 3
  4. 1 & 2

Q.4. Which of the following digital payment services does not require internet connection?

  1. BHIM
  2. NUUP
  3. Bharat QR
  4. UPI

Q.5. Consider the following statements about SDG:

  1. The 1st Agenda for Environment and Development viz. Agenda 21 was adopted in Rio Summit 1992.
  2. The resolution “The Future we want” was reached at Rio +10 Conference.

Now select the correct statements

  1. Both
  2. Only 1
  3. Only 2
  4. None of the above

Q.6. Which of the following are temporary work visa that allow employers to hire foreign labour in USA?

  1. H1B Visa
  2. L1A Visa
  3. L1B Visa
  1. All
  2. Only 1
  3. 2 & 3
  4. Only 3

Q.7. VDS announced to unearth black money has certain advantages. Select such advantages:

  1. It helps to convert unproductive assets to productive ones
  2. Its helps to control inflation
  3. It encourages honest persons
  4. It increases government’s revenue
  5. It attracts foreign investment
  1. 1, 2 & 5
  2. 1, 2, 4 & 5
  3. Only1
  4. 1, 3, 4 & 5

Q.8. Consider the following statements:

  1. Pay hike of lower sections of employee promotes industrial growth by increasing its demand
  2. Pay hike of high income group promotes industrial growth by encouraging more investment

Choose the correct ones:

  1. Both 1 & 2
  2. Only 1
  3. Only 2
  4. None of the above


Q.9.Fiscal Deficit in India usually remains high because

  1. British exploitation increased government’s responsibility
  2. Major chunk of population are below poverty line
  3. Nature still dominates Indian economy.
  4. India is surrounded by irresponsible countries.
  1. All
  2. 1,2 & 3
  3. 2,3 & 4
  4. 2 & 3

Q.10. Which of the following method of raising funds from market involves least time?

  1. IPO
  2. FPO
  3. OFS
  4. Both a & b

Q.11. Deflation means

  1. Negative inflation
  2. Decrease in inflation
  3. Either a or b can be correct
  4. Neither a nor b can be correct

Q.12. The first Union budget of independent India was presented by

  1. K. Shanmugam Chetty
  2. D. Deshmukh
  3. Jawaharlal Nehru
  4. Moraji Desai

Q.13. SAARC’s secretariat is based in

  1. New Delhi
  2. Dhaka
  3. Kathmandu
  4. Colombo

Q.14. In case of sovereign Gold Bonds, sovereign guarantee is available for

  1. Capital invested
  2. Interest plus capital invested
  3. Capital gains made on such investment
  4. Nothing as such is specified in the scheme.

Q.15. Child labour in India is permitted in

  1. Family enterprises in all circumstances
  2. Audio-visual entertainment industry after school hours
  3. Both a & b
  4. None of the above
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