Get ready for upcoming Economics Current affairs Prelims Test on 24th August- sample questions highlighting our methodology

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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 Current affairs test contain questions from the following themes:

External sector -18

Government schemes-13

Agriculture-8

Fiscal policy-10

International economic organisation-12

Banking-11

Monetary policy-8

Indices-6

Industrial sector-4

Infrastructure-7

Capital/financial market-3

 

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) With reference to the Systemically Important Financial Institutions, consider the following statements:

1. These are institutions whose failure will cause disruption in the wider financial system and economy.

2. These institutions enjoy an implicit sovereign guarantee against failure.

3. In India, RBI has declared only ICICI and SBI banks as domestic systemically important banks .

Which of the statements given above are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1,2  and 3

 

Q.2) Consider the following statements regarding Capital Conservation Buffer,

1.It is the mandatory capital that financial institutions are required to hold above minimum regulatory requirement.

2. Capital buffers were mandated under the Basel III regulatory reforms.

3. It has been fully implemented in India.

Which of the statements given above is/are correct?

a) 1 only

b) 1 and 2 only

c) 1 and 3 only

d) 1, 2 and 3

 

Q.3)  Exchange rate is an important determinant of India’s foreign trade. In this regard which of the following is/are not truewith respect to India?

1. When the real exchange rate is more than the nominal exchange rate, the rupee is said to be undervalued.
2. US FED taper has resulted in appreciation in the rupee thus making Indian exports uncompetitive.
3. A devaluation is said to occur when exchange rate is increased by the government.

Select the correct answer using the codes given below

a) 1 and 2 only

b) 2 and 3 only

c) 3 only

d) 1,2 and 3

 

Q.4)  Which of the following can reduce the deficit in Balance of Payments?

1. Reducing import custom duties
2. Restrictive monetary policy
3. Appreciation of domestic currency

Select the correct answer using the code given below.

1 and 3 only

2 and 3 only

2 only

1 and 2 only

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