Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
Dear students,
1. In the comments section, share your score and also let everyone know the logic you’ve used to mark certain answers. This will trigger intelligent discussions benefitting everyone.
2. Completing the test should be your top priority. Focus on accuracy rather than simply attempting more questions. Give enough thought to each question, we have increased the time limit so you can do this.
3. At the end of the test, click on ‘View Questions’ button to check the solutions.
*You can attempt the test multiple times for your own practice but only your first attempt will be counted for rankings.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly.
Time has elapsed
You have reached 0 of 0 points (0).
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
1 pointsWhich of the following given below may lead to Inflation?
1. A reduction in the total productive capacity of the economy even as more and more people are employed
2. Oversupply of goods in the economy
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Inflation is basically too much money chasing too few goods, or excess demand chasing limited supply. If income rises faster, demand for goods and services will also rise. On the other hand, if the economy is unable to satisfy the increased demand, for e.g. due to poor infrastructure, lack of production etc, the higher income will spiral the prices upwards and lead to high inflation.
Excess supply is likely to bring prices down and not lead to inflation.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Inflation is basically too much money chasing too few goods, or excess demand chasing limited supply. If income rises faster, demand for goods and services will also rise. On the other hand, if the economy is unable to satisfy the increased demand, for e.g. due to poor infrastructure, lack of production etc, the higher income will spiral the prices upwards and lead to high inflation.
Excess supply is likely to bring prices down and not lead to inflation. -
Question 2 of 5
2. Question
1 points8 Degree Channel (8 degrees north latitude) separates which of the following given below?
Correct
8 Degree Channel (8 degrees north latitude) separates islands of Minicoy and Maldives.
Incorrect
8 Degree Channel (8 degrees north latitude) separates islands of Minicoy and Maldives.
-
Question 3 of 5
3. Question
1 pointsWhich of the following statements regarding Greater one-horned rhinoceros is/are correct?
1. Greater one-horned rhinoceros is native to the Indian subcontinent.
2. It is listed as Critically Endangered on the IUCN Red List.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Greater one-horned rhinoceros is a rhinoceros species native to the Indian subcontinent. It is listed as Vulnerable on the IUCN Red List.
Pobitora is known for the highest density of Indian one-horned rhinos in the world along with Kaziranga National Park, the shelter for two thirds of the world’s great one-horned rhinos.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Greater one-horned rhinoceros is a rhinoceros species native to the Indian subcontinent. It is listed as Vulnerable on the IUCN Red List.
Pobitora is known for the highest density of Indian one-horned rhinos in the world along with Kaziranga National Park, the shelter for two thirds of the world’s great one-horned rhinos. -
Question 4 of 5
4. Question
1 pointsPrinting currency is usually the last resort for the government in managing its deficit because of which of the reasons given below?
1. Government expenditure using this new money boosts incomes and raises private demand in the economy, thus leading to inflation.
2. Excess supply of rupee will cause its depreciation.
Select the correct answer using the codes given belowCorrect
Both of the above are correct.
Government expenditure using this new money boosts incomes and raises private demand in the economy. Thus, it fuels inflation. Easy monetary policy and high inflation are two of the leading causes of currency depreciation.Incorrect
Both of the above are correct.
Government expenditure using this new money boosts incomes and raises private demand in the economy. Thus, it fuels inflation. Easy monetary policy and high inflation are two of the leading causes of currency depreciation. -
Question 5 of 5
5. Question
1 pointsWhich of the following statements regarding Current account convertibility is/are correct?
1. Current account convertibility means freedom to convert domestic currency into foreign currency and vice versa for trade in goods and invisibles.
2. There is partial Current account convertibility in India.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Current account convertibility means freedom to convert domestic currency into foreign currency and vice versa for trade in goods and invisibles (services, transfers or income from investment). Individuals and entities can convert currencies in the foreign exchange market. Current account convertibility is one part of currency convertibility.
In India, there is full current account convertibility since August 20, 1993.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Current account convertibility means freedom to convert domestic currency into foreign currency and vice versa for trade in goods and invisibles (services, transfers or income from investment). Individuals and entities can convert currencies in the foreign exchange market. Current account convertibility is one part of currency convertibility.
In India, there is full current account convertibility since August 20, 1993.
Leaderboard: 2nd September 2022 | Prelims Daily with Previous Year Questions
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
UPSC 2023 countdown has begun! Get your personal guidance plan now! (Click here)
