Get ready for upcoming Economics Basics Prelims Test on 18th August- sample questions highlighting our methodology

click here to enroll for the Prime Prelims TS

Dear students,

31st May 2020 is the D-day for all civil service aspirants.

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe. “

This Quote by Abraham Lincoln clearly sums up how one should prepare for that day. So before entering the battlefield alone should have enough practice. Our Prime Prelims Test series which shall enrich you to acquaint yourself with the pattern of CSE-2020, assess your abilities, rectify your mistakes and make you confident to appear on the examination day.

Our Prime Prelims Test Series follows the same approach as that adopted by UPSC. Our team of experts is quite enriched with the UPSC pattern and focal point of the questions and hence creates more chances for the aspirants to crack civil service examination by appearing our Test Series.

The key philosophy of our prelims TS is Evidence-based question making: The 3600 questions you face in our mocks have their relevance established in UPSC’s trend analysis. We focus on themes that are important as per UPSC so that we maximize your chances of questions overlap with the actual UPSC Prelims.

Thus Economics basics test contain questions from the following themes:

Economic Growth and Development- 17 Questions

Fiscal policy- 18

Inflation-10

Finance/Capital market-12

Monetary policy-16

Banking-19

Basic economic concept-8

 

Nothing speaks more than the facts itself rather than a mere jargon. Here is a list of 5 sample questions from the upcoming test which will help you in identifying the standards and approach we follow. (you can skip this if you want to attempt these directly in the test). 

Noone but only you can assess how it will help you in being the top percentile of aspirants. You have to practice ruthlessly and civils Daily provides you with a platform to hone your skills.

Q.1)  National income is the measure of the level of the country’s economic activity in a given time period. With reference to it, what is/are the factors that may limit the growth in National income?

1. Surplus of the unskilled labor force

2. Lack of managerial skill

3. More women working as a housewife

Select the correct answer using the code given below.

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) 1, 2 and 3

 

Q.2)  Which of the following will be a part of Capital Expenditure by the Government of India?

1. Repayment of loans by Central government

2. Grants given by the Central government to state governments

3. Loans by Central government to state government

Select the correct answer using the code given below.

a) 1 and 2 only

b) 1 and 3 only

c) 2 and 3 only

d) 1, 2 and 3

 

Q.3) Consider the following statements about Net National Product (NNP):

1. It is more than the Gross National Product.
2. NNP (at factor cost) increases if indirect tax increases.
3. NNP (at factor cost) increases if subsidies increases.

Which of the above is/are correct?

a) 1 and 2 only

b) 1 only

c) 3 only

d) 1, 2 and 3

 

Q.4)  Which of the following are the pillars of Gross National Happiness?

1. High investment rate

2. Preservation and promotion of cultural values

3. Conservation of natural environment

4. Establishment of good governance.

Select the correct answer using the code given below.

a) 1 and 2 only

b) 1,2 and 3 only

c) 2,3 and 4

d) 1,3 and 4

 

Q.5) Which of the following factors may increase the level of inflation in an economy?

1. Deficit financing

2. Reduction in Indirect taxes

3. Increase in Black money in the economy

4. Defective supply chain Select the correct answer using the code given below.

a) 1,3 and 4 only

b) 2 and 3 only

c) 1 and 2 only

d) 1,2,3 and 4

click here to enroll for the Prime Prelims TS

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