Economics Quiz - Questions asked in Engineering Services Prelims 2019

Economy Quiz,, Careerneeti Logo

Economics questions are often asked in many exams like SSC, IBPS, RRB, LIC, Intelligence Bureau, RBI, UPSC, and other various competitive exams so here are some economy questions to practice asked in the UPSC Engineering Services Prelims Exam.

Q1. Which one of the following is not a component of Capital Receipts?

Market borrowings including special bonds
External loans raised by the Central Government from abroad
Receipts from taxes on property and capital transactions
Provident Funds (State Provident Funds and Public Provident Funds)

Q2. Which one of the following statement is correct with respect to societal development?

Behavior grows into habits, habits into tradition and tradition become custom
Customs grow into mores and mores into traditions
Behaviors grow into customs and customs grow into traditions
Folkways grow into tradition and traditions grow into customs

Q3. Which one of the following statement is correct with respect to the convergence theory on social change?

The societal adaptive culture is changing more slowly
As societies become modernized, they begin to resemble one another more closely
The developed countries show more growth in social changes than the less developed countries
Strong opposition by old people retards the social changes

Q4. With respect to the conduct and performance of a company, perfect competition refers to?

 A large number of small firms producing differentiated products
Complete freedom in economic life and the absence of rivalry among firms
Many companies selling similar products with free entry
Sole producer selling a distinct product

Q5. The cheapest method of marketing of securities with the only cost incurred being on sending letters of rights to existing holders is

Public issue through prospectus method
Offer for sale method
Rights issue
Subscription by inside coterie method

Q6. Fiscal policy means

Balancing the revenue collection and expenditure
Establishing equilibrium between demand and supply of goods and services
Use of taxation, public expenditure by Government for the purpose of stabilization or development
Deficiency as an instrument of growth

Q7. Which of the following does not come under the offerings of MUDRA Bank?

Portfolio Credit Guarantee
Credit for large industries
Credit Enhancement

Q8. Which is/are the key reasons for encouraging start-up Entrepreneurship?

Focusing on the service industry
Bringing the values of proactivity into society
All of the above

Q9. Which of the following are the main objectives of Gold Monetization Scheme launched in the country?
 1. To monetize gold holdings in the country
 2. To increase export of gold from the country 
 3. To reduce India's import bill 
 4. To meet the targets of reduction in fiscal deficit 
Select the correct answer using the code given below:

1 and 4 only
2 and 4 only
2 and 3 only
1 and 3 only

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