Economy

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10 questions

2024 · Question 45 · Economic Concepts
With reference to the sectors of the Indian economy, consider the following pairs : Economic activity | Sector 1. Storage of agricultural produce | Secondary 2. Dairy farm | Primary 3. Mineral exploration | Tertiary 4. Weaving cloth | Secondary How many of the pairs given above are correctly matched ?
Choose your answer(a)Only one(b)Only two(c)Only three(d)All four
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2024 · Question 47 · Economic Concepts
With reference to physical capital in Indian economy, consider the following pairs : Items | Category 1. Farmer’s plough | Working capital 2. Computer | Fixed capital 3. Yarn used by the weaver | Fixed capital 4. Petrol | Working capital How many of the above pairs are correctly matched ?
Choose your answer(a)Only one(b)Only two(c)Only three(d)All four
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2023 · Question 28 · Economic Concepts
Consider the investments in the following assets : 1. Brand recognition 2. Inventory 3. Intellectual property 4. Mailing list of clients How many of the above are considered intangible investments?
Choose your answer(a)Only one(b)Only two(c)Only three(d)All four
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2022 · Question 7 · Economic Concepts
Which of the following activities constitute real sector in the economy ? 1. Farmers harvesting their crops 2. Textile mills converting raw cotton into fabrics 3. A commercial bank lending money to a trading company 4. A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below :
Choose your answer(a)1 and 2 only(b)2, 3 and 4 only(c)1, 3 and 4 only(d)1, 2, 3 and 4
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2022 · Question 9 · Economic Concepts
With reference to the expenditure made by an organisation or a company, which of the following statements is/are correct ? 1. Acquiring new technology is capital expenditure. 2. Debt financing is considered capital expenditure, while equity financing is considered revenue expenditure. Select the correct answer using the code given below :
Choose your answer(a)1 only(b)2 only(c)Both 1 and 2(d)Neither 1 nor 2
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2021 · Question 4 · Economic Concepts
Consider the following statements : Other things remaining unchanged, market demand for a good might increase if 1. price of its substitute increases 2. price of its complement increases 3. the good is an inferior good and income of the consumers increases 4. its price falls Which of the above statements are correct?
Choose your answer(a)1 and 4 only(b)2, 3 and 4(c)1, 3 and 4(d)1, 2 and 3
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2018 · Question 47 · Economic Concepts
If a commodity is provided free to the public by the Government, then
Choose your answer(a)the opportunity cost is zero.(b)the opportunity cost is ignored.(c)the opportunity cost is transferred from the consumers of the product to the tax-paying public.(d)the opportunity cost is transferred from the consumers of the product to the Government.
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2018 · Question 48 · Economic Concepts
Increase in absolute and per capita real GNP do not connote a higher level of economic development, if
Choose your answer(a)industrial output fails to keep pace with agricultural output.(b)agricultural output fails to keep pace with industrial output.(c)poverty and unemployment increase.(d)imports grow faster than exports.
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2018 · Question 49 · Economic Concepts
Consider the following statements : Human capital formation as a concept is better explained in terms of a process which enables 1. individuals of a country to accumulate more capital. 2. increasing the knowledge, skill levels and capacities of the people of the country. 3. accumulation of tangible wealth. 4. accumulation of intangible wealth. Which of the statements given above is/are correct ?
Choose your answer(a)1 and 2(b)2 only(c)2 and 4(d)1, 3 and 4
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2018 · Question 50 · Economic Concepts
Despite being a high saving economy, capital formation may not result in significant increase in output due to
Choose your answer(a)weak administrative machinery(b)illiteracy(c)high population density(d)high capital-output ratio
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

With reference to physical capital in Indian economy, consider the following pairs : Items | Category 1. Farmer’s plough | Working capital 2. Computer | Fixed capital 3. Yarn used by the weaver | Fixed capital 4. Petrol | Working capital How many of the above pairs are correctly matched ?

Consider the investments in the following assets : 1. Brand recognition 2. Inventory 3. Intellectual property 4. Mailing list of clients How many of the above are considered intangible investments?

If a commodity is provided free to the public by the Government, then

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

Despite being a high saving economy, capital formation may not result in significant increase in output due to