Mock Test

Exam: BPSC Subject: General Studies Topic: Economics

Total Questions: 20

Q1. Which of the following is a limitation of the HDI?

It measures too many dimensions. It does not account for income inequality. It only focuses on economic factors. It does not consider health at all.
Q2. The challenges of rural development in India are multifaceted, encompassing economic, social, and environmental dimensions. Which of the following is a critical factor that exacerbates these challenges in tribal and remote rural areas?

Greater access to advanced technology Stronger institutional mechanisms for governance Inadequate infrastructure and geographical isolation Higher levels of social capital and community cohesion
Q3. The concept of 'intra-industry trade' refers to trade in:

Goods from different industries Similar goods within the same industry Raw materials and finished products Services across different sectors
Q4. In urban planning, the principle of 'mixed-use development' aims to:

Separate residential areas from commercial and industrial zones to minimize nuisures. Integrate various land uses (residential, commercial, recreational) within the same neighborhood or building. Concentrate all economic activities in a single, dominant central business district. Promote large-scale, single-purpose developments like shopping malls or business parks.
Q5. Portfolio investment involves the purchase of:

Physical assets and controlling interest in a foreign company Stocks and bonds of foreign companies without controlling interest Real estate abroad Intellectual property rights
Q6. What is the primary role of a central bank in relation to public finance?

Setting income tax rates Managing government debt Implementing monetary policy Directly funding public services
Q7. The availability of time to adjust to price changes affects:

Elasticity of Demand Elasticity of Supply Both Elasticity of Demand and Supply Neither Elasticity of Demand nor Supply
Q8. Which of the following is a component of government expenditure?

Corporate profits Interest payments on public debt Household savings Foreign direct investment
Q9. The 'Dedicated Freight Corridors' project is primarily aimed at:

Increasing passenger train speed Separating freight and passenger traffic for faster movement of goods Developing new tourist routes Improving suburban railway services
Q10. Inclusive growth aims to ensure that economic progress is:

Environnentally unsustainable Socially equitable and environmentally sustainable Driven by external aid only Focused on a few select industries
Q11. The effectiveness of poverty alleviation programs in India is often hindered by:

Overly centralized implementation mechanisms. Leakages and inefficiencies in delivery systems. Lack of political will to address poverty. Insufficient financial allocation.
Q12. What is the main purpose of disinvestment policy in India?

To increase government debt To reduce the government's stake in public sector undertakings To nationalize private companies To increase government spending on subsidies
Q13. Which tax is levied on the production of goods within India?

Income Tax Customs Duty Excise Duty Service Tax
Q14. Which of the following sectors has witnessed a significant surge in exports from India due to the 'Digital India' initiative?

Textiles Information Technology (IT) and IT-enabled Services (ITeS) Traditional handicrafts Agricultural products
Q15. The document often highlights the importance of ______ for Bihar's economic growth.

Defense spending Agricultural reforms Foreign military aid Cultural tourism promotion
Q16. The 'New Economic Policy' introduced by the British in India after the 1857 revolt aimed at:

Strengthening Indian indigenous industries Increasing direct British investment and administrative control Empowering local self-governance Reducing trade with Britain
Q17. Which bank's tagline is 'The Bank That Begins With You'?

State Bank of India Bank of Baroda Punjab National Bank Union Bank of India
Q18. The interconnectedness of the SDGs means that progress on one goal can impact progress on others. This principle is known as:

Synergy Interdependence Integration Holistic approach
Q19. If the government wants to reduce inflation, it might:

Increase government spending Cut taxes Reduce government spending Increase transfer payments
Q20. Net income from investments abroad (like dividends and interest) is recorded in which BOP account?

Capital Account Financial Account Current Account Trade Balance

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