Prelims MCQs Quiz 46 : Economic Survey 2014-15


1. Economic Survey 2014-15 mentions – The Indian banking system is afflicted by what might be called “double financial repression”. In this context which of the following has caused financial repression on the asset side of the balance sheet?
1. high inflation.
2. SLR requirement.
3. PSL requirement.
Select the correct answer using the codes given below.
a) 3 only
b) 2 only
c) 2 and 3 only
d) 1, 2 and 3

Answer & Explanation

 

2. According to Economic Survey 2014-15, what is the JAM number trinity?
a) a mechanism for targeted and less distortive way of supporting poor.
b) a balance between the budget deficit, revenue deficit and capital deficit.
c) a balance between current account deficit, capital deficit and fiscal deficit
d) a fiscal policy having a short, medium and long term goals. 

Answer & Explanation

 

3. Consider the following
1. Petroleum
2. Food
3. Fertilizer
The correct descending order of the subsidy given on these items according to Economic Survey 2014-15 is
a) 2 3 1
b) 2 1 3
c) 1 3 2
d) 1 2 3 

Answer & Explanation

 

4. The top reasons for stalling of government owned projects in last five years according to the Economic Survey 2014-15 is/are
1. land acquisition problems.
2. lack of environmental clearances.
3. lack of funds.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

Answer & Explanation

 

5. Region wise, India’s export shares to which of the following region has declined in the 10 year period from 2004 to 2014?
1. Asia.
2. America.
3. Europe.
4. Africa
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1 and 4 only

Answer & Explanation

 

6. Consider the following:
1. Agriculture & allied products.
2. Manufactured goods.
3. Crude & petro products.
On the basis of their contribution in exports, the correct descending order is
a) 3 2 1
b) 2 1 3
c) 2 3 1
d) 3 1 2 

Answer & Explanation
7. Consider the following statements about Gross Capital Formation (GCF) according to Economic Survey 2014-15:
1. The GCF in public sector is more than that in private sector.
2. In last five years, the GCF has always been more than Gross savings.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer & Explanation

 

8. According to Economic Survey 2014-15, “unconditional convergence” should be a desirable feature of a sector that can serve as engine of structural transformation. Unconditional convergence means
a) high level of productivity.
b) faster productivity growth in higher productivity area.
c) faster productivity growth in lower productivity area.
d) both (a) and (b). 

Answer & Explanation

 

9. Which of the following is/are true about price subsides in India, according to Economic Survey 2014-15?
1. Price subsidies are often progressive unlike other subsidies.
2. They may distort markets in ways that ultimately hurt the poor.
3. They benefit wealthy households more than poor households.
Select the correct answer using the codes given below.
a) 1 only
b) 1 and 2 only
c) 2 and 3 only
d) 1, 2 and 3

Answer & Explanation

 

10. The Economic Survey 2014-15 has made some key policy recommendations in respect of the banking sector. In this context, ‘disinter’ means
a) reducing financial repression.
b) diversifying bank and non-bank financial sources.
c) differentiating between Public Sector Banks based on their performance
d) none of the above 

Answer & Explanation

 

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Please read these important articles about prelims preparation

1. How UPSC asks current affairs in GS Prelims

2. How to practice prelims MCQs for UPSC

3. Applying logic in UPSC General Studies Prelims

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