Officier’s IAS Academy under the aegis of R.A.Israel Jebasingh, IAS has launched a Prelims Test Series targeted at IAS 2016.
To know more about the test series, check the link – Prelims 2016 Online Test Batch Schedule. Use Promo Code CD500 to get 500 off on the test package.
Wonder what the questions are going to be like? Here are 6 under Indian Economics
#1. Which of the following statements are true?
i) Exchange rates are determined by open market economies which is open to a wide range of buyers and sellers where currency trading is continuous
ii) Forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a future date
a) i only b) ii only c) both i and ii d) neither i nor ii
Explanation- Exchange rates are determined by foreign exchange markets
Reason- The economic condition of the country , where our money was devalued many a times .Indian rupee plunges to 2-year low of 65.10.
#2. Consider the statements about Bharatiya Mahila Bank (BMB)
- The banks accepts deposits only from women
- It lends predominantly to women
Which of the following are correct?
a. Only I | b. Only II | c. Both I and II | d. Neither I nor II
Explanation: The banks’ accept deposits from everyone but lends predominantly to women.
Reason: Government mulls merger of Bharatiya Mahila Bank into State Bank of India.
#3. Which of the following statements is/are correct?
i. The Central Statistical office publishes consumer price index for all series.
ii. The wholesale price index is published by ministry of Finance.
a.i only | b.ii only | c.both I and ii | d.neither i nor ii
Explanation: CSO publishes CPI for Industrial workers, Agricultural Labourers, Rural Labours. CPI for Urban Non-manual employees published by Ministry of Labour and Employment. The Wholesale price Index is Published by the office of economic Advisor.
Reason: Last year Economy survey had spoken about CPI.
#4. The chairman of 7th central pay commission is
a. Shri Ashok Kumar Mathur
b. Shri Vivek Rae
c. Dr. Ratha Roy
d. Smt. Meena Agarvwal
Reason: Recently the most awaited 7th pay commission was announced.
#5. Match the following,
Problems faced by farming sector possible measures
1) Unirrigated land A) Setting up agro-based mills
2) Low price for crops B) Banks to provide low interest credit
3) Debt burden C) Procurement of food grains by govt
4) No job in the off season D) Construction of canals by the govt
Select the correct code from below :
a) 1-D;2-C;3-B;4-A
b)1-D;2-A;3-B;4-C
c)1-C;2-B;3-A;4-D
d)1-C;2-D;3-A;4-B
Reason: Across India farmers are facing drought crisis.
This was a sample. If you wish to attend the full test series, click on Application form, here.
Apply promo code = CD500 to get a rebate of 500 INR on the course fee.
