Flagship Prelims 2018 Batch 1 & 2 | TS 21 Economics (Advanced) discussion

All aspirants who are giving tomorrow’s test should discuss all there doubts/queries about any question on this thread and not in the comments section of the test

Around 20 questions of the test can be solved using Tikdam method

Tikdams explanations in those selected questions are given in the explanation column itself

By closely observing those questions after every test you will gradually learn the art of Tikdams which will assist you in clearing the UPSC prelims

Highlights of tomorrow’s test:

 

Q.1) Which of the following bodies or organizations given below decides the Issue Price of Food Grains in India?

a) Cabinet Committee on Economic Affairs (CCEA)

b) Food Corporation of India (FCI)

c) Commission on Agricultural Costs and Prices (CACP)

d) Ministry of Food, Public Distribution and Consumer Affairs

 

Q.2) Given below are some of the situations. Which of the following given below may lead to an increase in the inflow of foreign exchange in India?

1. Devaluation of rupee

2. Stable and low inflation in India

Select the correct option using the code given below.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

 

Q.3) An increase in the Cash Reserve Ratio (CRR) by the Monetary Policy Committee (MPC), is likely to lead to

a) Lower interest rates

b) Reduction in fiscal deficit

c) Increase in Foreign Portfolio Investment

d) Lower lending by banks

 

Q.4) Consider the following statements about Non-bank financial companies (NBFCs)

1. These are financial institutions that provide banking services and hold a banking license issued by RBI.

2. NBFC cannot accept demand deposits.

3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is available to depositors of NBFCs.

Which of the statements given above is/are correct?

a) 1 and 2 only

b) 2 only

c) 2 and 3 only

d) 1, 2 and 3

All the best!

By Root

Caretaker @civilsdaily