Consider the following statements: 1. Moringa (drumstick tree) is a leguminous evergreen tree. 2. Tamarind tree is endemic to South Asia. 3. In India, most of the tamarind is collected as minor forest produce. 4. India exports tamarind and seeds of moringa. 5. Seeds of moringa and tamarind can be used in the production of biofuels. Which of the statements given above are correct?
A. 1, 2, 4 and 5 | B. 3, 4 and 5 | C. 1, 3 and 4 | D. 1, 2, 3 and 5
Topic: External Sector and International Economy | Year: 2021 | Subject: Economy
UPSC 2021 Economy Question 2
The vegetation of savannah consists of grassland with scattered small trees, but extensive areas have no trees. The forest development in such areas is generally kept in check by one or more or a combination of some conditions. Which of the following are such conditions? 1. Burrowing animals and termites 2. Fire 3. Grazing herbivores 4. Seasonal rainfall 5. Soil properties Select the correct answer using the code given below.
A. 1 and 2 | B. 4 and 5 | C. 2, 3 and 4 | D. 1, 3 and 5
Topic: Public Finance and Banking | Year: 2021 | Subject: Economy
UPSC 2021 Economy Question 3
How is permaculture farming different from conventional chemical farming? 1. Permaculture farming discourages monocultural practices but in conventional chemical farming, monoculture practices are predominant. 2. Conventional chemical farming can cause increase in soil salinity but the occurrence of such phenomenon is not observed in permaculture farming. 3. Conventional chemical farming is easily possible in semi-arid regions but permaculture farming is not so easily possible in such regions. 4. Practice of mulching is very important in permaculture farming but not necessarily so in conventional chemical farming. Select the correct answer using the code given below.
A. 1 and 3 | B. 1, 2 and 4 | C. 4 only | D. 2 and 3
Topic: External Sector and International Economy | Year: 2021 | Subject: Economy
UPSC 2021 Economy Question 4
With reference to 'WaterCredit', consider the following statements 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct?
A. 1 and 2 only | B. 2 and 3 only | C. 1 and 3 only | D. 1, 2 and 3
With reference to India, consider the following statements 1. Retail investors through demat account can invest in 'Treasury Bills' and Government of India Debt Bonds' in primary market. 2. The Negotiated Dealing System- Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange. Which of the statements given above is/are correct?
With reference to Indian economy, demand-pull inflation can be caused/ increased by which of the following? 1. Expansionary policies 2. Fiscal stimulus 3. Inflation-indexing wages 4. Higher purchasing power 5. Rising interest rates Select the correct answer using the code given below.
A. 1, 2 and 4 only | B. 3, 4 and 5 only | C. 1, 2, 3 and 5 only | D. 1, 2, 3, 4 and 5
The money multiplier in an economy increases with which one of the following?
A. Increase in the Cash Reserve Ratio in the banks | B. Increase in the Statutory Liquidity Ratio in the banks | C. Increase in the banking habit of the people | D. Increase in the population of the country
Which one of the following is likely to be the most inflationary in its effects?
A. Repayment of public debt | B. Borrowing from the public to finance a budget deficit | C. Borrowing from the banks to finance a budget deficit | D. Creation of new money to finance a budget deficit
Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?
A. Diversion of resources to the purchase of real estate and investment in luxury housing | B. Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc. | C. Large donations to political parties and growth of regionalism | D. Loss of revenue to the State Exchequer due to tax evasion
Topic: Planning, Industry and Inclusive Growth | Year: 2021 | Subject: Economy
UPSC 2021 Economy Question 10
Consider the following statements: The effect of devaluation of a currency is that it necessarily 1. improves the competitiveness of the domestic exports in the foreign markets 2. increases the foreign value of domestic currency 3. improves the trade balance Which of the above statements is/are correct?
A. 1 only | B. 1 and 2 | C. 3 only | D. 2 and 3
Topic: External Sector and International Economy | Year: 2021 | Subject: Economy
Previous Year Questions
Economy — UPSC 2021
14 questions. Click any option for instant feedback.
1–10 of 14
Q1·Economy·2021·External Sector and International Economy
Consider the following statements: 1. Moringa (drumstick tree) is a leguminous evergreen tree. 2. Tamarind tree is endemic to South Asia. 3. In India, most of the tamarind is collected as minor forest produce. 4. India exports tamarind and seeds of moringa. 5. Seeds of moringa and tamarind can be used in the production of biofuels. Which of the statements given above are correct?
Q2·Economy·2021·Public Finance and Banking
The vegetation of savannah consists of grassland with scattered small trees, but extensive areas have no trees. The forest development in such areas is generally kept in check by one or more or a combination of some conditions. Which of the following are such conditions? 1. Burrowing animals and termites 2. Fire 3. Grazing herbivores 4. Seasonal rainfall 5. Soil properties Select the correct answer using the code given below.
Q3·Economy·2021·External Sector and International Economy
How is permaculture farming different from conventional chemical farming? 1. Permaculture farming discourages monocultural practices but in conventional chemical farming, monoculture practices are predominant. 2. Conventional chemical farming can cause increase in soil salinity but the occurrence of such phenomenon is not observed in permaculture farming. 3. Conventional chemical farming is easily possible in semi-arid regions but permaculture farming is not so easily possible in such regions. 4. Practice of mulching is very important in permaculture farming but not necessarily so in conventional chemical farming. Select the correct answer using the code given below.
Q4·Economy·2021·Money, Banking and Financial Markets
With reference to 'WaterCredit', consider the following statements 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct?
Q5·Economy·2021·Money, Banking and Financial Markets
With reference to India, consider the following statements 1. Retail investors through demat account can invest in 'Treasury Bills' and Government of India Debt Bonds' in primary market. 2. The Negotiated Dealing System- Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange. Which of the statements given above is/are correct?
Q6·Economy·2021·Money, Banking and Financial Markets
With reference to Indian economy, demand-pull inflation can be caused/ increased by which of the following? 1. Expansionary policies 2. Fiscal stimulus 3. Inflation-indexing wages 4. Higher purchasing power 5. Rising interest rates Select the correct answer using the code given below.
Q7·Economy·2021·Money, Banking and Financial Markets
The money multiplier in an economy increases with which one of the following?
Q8·Economy·2021·Money, Banking and Financial Markets
Which one of the following is likely to be the most inflationary in its effects?
Q9·Economy·2021·Planning, Industry and Inclusive Growth
Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?
Q10·Economy·2021·External Sector and International Economy
Consider the following statements: The effect of devaluation of a currency is that it necessarily 1. improves the competitiveness of the domestic exports in the foreign markets 2. increases the foreign value of domestic currency 3. improves the trade balance Which of the above statements is/are correct?