A 05 Economy

ANALOG IAS INSTITUTE TEST SERIES - 2015
C.S.(P)-2015
DO NOT OPEN THIS BOOKLET UNTIL YOU ARE ASKED TO DO SO

T.B.C. : P-PFC-L-CGJB
TEST BOOKLET SERIES
Serial No.
TEST BOOKLET
GENERAL STUDIES (PAPER I)

Time Allowed: Two Hours
INDIAN ECONOMY
Maximum Marks: 200
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PRELIMS TEST SERIES 2015

INDIAN ECONOMY
Number of Questions: 100
1.
Marks: 200
They are fantastically diverse. They
(c) Personal safety
speak hundreds of languages and
(d) None of the above
dialects.
They
comprise
scores
of
5.
Amrut Mahotsav, part of budget
ethnic groups. They include highly
speech of FM, refers to
industrialized economics and up-and-
(a) Celebration for success of white
coming economies. They span half the
revolution,
surface of the earth and are home to
worlds largest Milk producer
two-fifths of the world's population'.
is
the
(c) Successful cleaning of Himalayan
(a) SAPTA
(b) APEC
(c) ARF
(d) CIS
Agricultural income tax is assigned to
rivers
(d) Launch of Rainbow revolution
6.
Allocations for which of the following
the State Government by
schemes are part of plan revenue
(a) The Finance Commission
expenditure
(b) The National Development Council
1.
MGNREGA
(c) The Inter-state Council
2.
NFSA (National Food Security Act)
(d) The Constitution of India
3.
Sarva Siksha Abhiyan
Most Favoured Nations (MFN) clause
4.
NRHM
under WTO implies,
(a) 1, 3
(a) Most favour to some countries
(c) 1, 3, 4
(b) Most favour to all countries
4.
India
of Independence in 2022
belongs to:
3.
since
(b) Celebration on the eve of 75th year
The group of countries referred to here
2.
Time : 120 Min
7.
(b) 1, 2, 4
(d) All the above
Consider the following statements
(c) No favour to any country
with
(d) No favour to some countries
1.
Which of the following is not an
respect to GAAR:
Purpose
is
to
check
tax
evasion
indicator in measuring Social Progress
2.
Prevents misuse of DTAA
Index?
3.
Parthasarathy
Shome
panel
(a) Health and wellness
was set up, in 2012 to review
(b) Nutrition
the guide lines for GAAR
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Page |2
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8.
(a) 1, 2 correct (b) 2, 3 correct
redraw the legislations governing
(c) 1, 3 correct (d) All the above
Indias financial system

2.
As per agreement on Monetary policy

frame work between GOI and RBI
Independent debt management
which of the following are true?
agency
1.
2.
Once in every six months, RBI
3.
It drafted Indian Financial code.
should publish document related
4.
Narasimhan
3.
Monetary
RBI
work agreement between GOI and
has to
surrender certain
RBI
(c) 1, 2, 3 correct (d) All the above
11.
According to GOI disinvestment policy,
The aim is to bring inflation below
the term strategic sale of PSU means
6%
(a) Majority stake issued to strategic

sectors like Defence
(b) Sale of share of Defence PSUs
(c) Sale of stake along with
Which of the following are true with
management
respect to the GIFT city?
(d) Majority stake issued to PSUs
International Financial services

centre is going to be part of it
IFSC facilitates Indian companies
12.
to raise foreign funds in India,

without going overseas
GIFT city is a multi specialty
With reference to TRIPS agreement of

WTO, consider the following provisions
provided for developing countries:
1.
government of Gujarat
(b) 1, 2, 3
(c) 2, 3, 4
(d) All the above

was
set
comprehensively
up
review
to
2.
Compulsory licensing allows a

to
temporarily
generics when faced with a public

to
health problem
and

nations
override a patent, to produce
Consider the following statements:

FSLRC
these
certain situations
government
(a) 1, 2, 4
1.
for
import drugs at a cheaper rate in
It is a joint venture between

Government of India and state
Parallel imports is a provision

provided
Special Economic Zone
10.
frame
CPI-C inflation is considered for
(d) All the above
4.
review
(a) 1, 2, 4 correct (b) 2, 3, 4 correct
(c) 1, 2, 3
3.
policy
targeting
(b) 1, 3, 4
2.
Committee
period between 6 to 18 months
(a) 1, 2, 4
1.
recommended to come up with
inflation targeting by RBI

4.
to forecasts of inflation for the
powers to GOI as part of inflation
9.
FSLRC recommended
Page |3
3.
Only
product
patent
can
be
Trust of India and nationalized
issued to food, drugs, chemicals,
banks
for a period of 20 years

4.
(c) Deposits under the special deposit
India ratified TRIPS agreement
schemes
Which of the above provisions are
(d) All of the above
true?
13.
16.
With respect to the latest budget
(a) 1, 2
(b) 2, 3, 4
which of the following statements are
(c) 1, 2, 3
(d) All the above
correct

1.
1.
Sinchai
Yajana
fall in price level
development
2.
Reflation is to counter deflation
development of cottage industries
3.
Core
inflation
is
nothing
but
2.
4.
3.
Stagflation is an inflation in a
4.
(a) 1, 3, 4 correct (b) 2, 4 correct
1.
2.
3.
17.
Sales tax
through
Parampraghat Krishi vikas yojana

MUDRA is to promote lending for
JAM trinity, to promote direct
(a) 1, 3, 4
(b) 2, 3, 4
(c) 2, 4
(d) All the above

1.
Value-added tax
Liquidity trap is a situation where

any decrease in the repo rates will
Property tax
not affect liquidity situation in the
Which of the taxes given above is/are

Advalorem tax/taxes?
market
2.
(a) 1 and 2
(b) 1 and 3
(c) 2 and 3
(d) All of these
Crowding out means government

taking the money from market
leaving less space for the private
Other liabilities of the Central

Government of
rural
benefit transfer
(d) 1, 4 correct
Consider the following taxes
promote
agriculture.
stagnated economy
(c) 1, 3 correct
to
is to promote organic cultivation
services
15.
Gram
Disinflation is a phenomena of
inflation excluding inflation in
14.
Pradhanmantri
India include out-
institutions
3.
Sweat shares are those shares
standings against which one of the
given to the existing share
following?
holders in substitute for profit.
(a) Small saving schemes

(b) Securities
issued
to
4.
Industrial
Development Bank of India, Unit

Initial public offer and follow up

public offer both include new
shares
Page |4
(a) Only 4 is false
(b) Only 2 is false
different
(c) Only 3 is false
(d) All are true
companys domestic currency.

2.
18. Consider the following statements:

1.
2.
3.
Convertible
High fiscal deficit might lead
Bonds
are
quasi-debt
to crowding out effect in the
instruments and tradable on the
economy
primary capital market.
WMAs
replaced
Which of the statements given above
Adhoc
treasury bills since 1997
is/are correct?
High
(a) Only 1
fiscal
deficit
might
The
debt
of
government

1.
Tax
expenditure
(a) 1, 2, 3 correct
of
(b) 2, 3, 4 correct
concessions
2.
enjoyed
are
collectively
3.
usually
by
4.
financing
Effective
revenue
deficit
Money
printed
by
RBI
Direct Taxes help in income
(a) 1, 2, 4 correct
(b) 2, 3, 4 correct
is
(c) 1, 3, 4 correct
less than revenue deficit

4.
Central Sales Tax is levied,
redistribution
and
spending by government
3.
Tax Buoyancy is a measure of
central government
Pump priming is nothing but

deficit
(d) All the above
is
called high powered money
22.
Consider the following components of
(a) 1, 2, 3 correct
the
(b) 2, 3, 4 correct
development
(c) 1, 3, 4 correct
1.

Foreign
Currency
Convertible
PURA
Facilitate
model
road
of
economic
connectivity
in
electricity
in
villages.
(d) All the above are correct

1.
and
collected and appropriated by
the
employees
2.
exemptions
growth in GDP

benefits
to
revenue growth in response to

Fringe
refers
revenue foregone as a result
(c) 1, 2, 4 correct
20.
(b) Only 2
(c) Both 1 and 2 (d) Neither 1 nor 2
provident funds
1.
issuing
Currency
includes outstandings against
19.
the
Foreign
dampen savings
4.
from
2.
Enhancement
of
rural areas
Bonds are issued in currencies

Page |5
3.
4.
Establishment of cyber caf in
(c) 5
villages
(d) 3
Construction of hospital in rural
24.
areas.

with
Which of the components given above
1.
Reduces cascading effect
is/are the
2.
Is a comprehensive indirect
major
connectivity
formulated by the PURA model?
tax
(a) 1 and 4
3.
(b) 1, 2 and 4
Aimed at forging a common

domestic market
(c) 1, 2 and 3
4.
(d) 1, 2, 3 and 4
23.
respect to GST
Alcohol
and
(a) 1, 2, 3 correct
List-I
List-II
(b) 2, 3 correct
A. ISO 9001
1. Quality
(c) 2, 3, 4 correct
Management
(d) All the above
Systems
25.
Certification
GDP?
Management
1.
It is based on income method
Systems
2.
Growth
will
now
be
measured by GDP at constant
3. Occupational
market prices
3.
Management
4.
Certification
Management
Management
26.
Systems
Certification
A
(a) 1
(b) 2

GVA
at basic price +
Stamp duty is an example of

product tax
4. Food Safety
5. Service Quality
GDP =
product taxes product subsidies
Systems
E. ISO 15700
rate
Certification
Health and
D. ISO 22000
Which of the following are correct with

respect to new method of calculating
2. Environmental
C. ISO 18001
are
exempted from GST
Match the following
B. ISO 14001
petroleum
(a) 1, 3, 4
(b) 2, 3
(c) 2, 3, 4
(d) All the above

1.
MAT is a tax imposed on the book

profits of a zero tax company
2.
The finance Minister in his 2015

budget levied MAT on capital
gains made by FII
Page |6
3.
MAT is also levied on individuals

1.
who avail certain tax exemptions

4.
MAT
is
levied
on
companies
tripping
located in SEZs
27.
(a) 1, 3 correct
(b) 2, 4 correct
(c) 1, 4 correct
(d) 2, 3 correct
3.
4.
2.
3.
There is a limit on maximum
4.
of
tax
DTAA will help in attracting

India has a DTAA with more
India has a negative list with
balance of individual customer in
respect to service tax from
payment bank
2012
SLR requirements for payment
(a) 2, 3, 4 correct
banks and small banks is less
(b) 1, 2, 3 correct
than commercial banks
(c) 1, 3, 4 correct
Priority sector lending up to 40%
(d) All the above

1.
(a) 1, 2, 4 correct (b) 3, 4 correct

(c) 1, 2 correct
(d) 1, 3, 4 correct
2.
3.
consider
for
various
calculating
The
newly
introduced
announced by
CPI
ministry of
Rural development
The RBI is bound to maintain a
4.
reserve against the issue whatever
Inflation discourages exports
(a) 1, 2, 3 correct
may be the amount. The system is
(b) 1, 3, 4 correct
called as
(c) 1, 2, 4 correct
(a) Proportional Reserve System
(d) All the above

32.
(d) Simple Deposit system

does
(Rural) and CPI (Urban) are
(c) Balmer Lawrie & Co Ltd
(c) Minimum Reserve system
stability
inflation
India
Limited
(b) Gold Deposit Reserve system
WPI
services
(a) Bharat Earth Movers Limited

Consultants
price
through monetary policy
Which of the following is not a public
Educational
Inflation targeting focuses on

achieving
sector undertaking?
29.
part
than 80 countries
banks and small banks
(b)
as
by
more investments
Payment bank cannot issue credit
is mandatory for both private
28.
practiced
planning
cards
2.
are
companies

1.
Treaty shopping and round
Arrange the following in the increasing

order
1.
of their validity periods
Notice money
Page |7
33.
2.
Call money
3.
3.
Treasury Bills
4.
Dated securities
are
also
called
as
Shadow banks
(a) 1243
(b) 21 34
(c) 1234
(d) 2143

36.
Redistribution
policies
geared
to
The growth rate of the Per Capita
reduce economic inequalities include
Income at the current price is higher
(a) Rural development schemes
than
(b) Land reforms
the
Per
Capita
Income
at
constant prices, because the former
(c) Progressive tax policies
takes into account the rate of
(d) All the above
(a) Increase in price level
34.
NBFCs
37.
Which of the following instruments
(b) Population growth
used by private markets to raise
(c) Growth in money supply
capital abroad?
(d) Increase in wage rate
1.
American Depository Receipts
2.
Global Depository Receipts
regarding
3.
Indian Depository Receipts
Traded Funds (G-ETF)
4.
Euro issues
1.
G-ETF acts as a substitute for
(a) 1, 2
(b) 1, 2, 4
physical gold
(c) 1, 2, 3
(d) All the above
2.
Gold-Exchange
G-ETF will reduce current
38.
following
account deficit
3.
4.
With reference to India, consider the
Security Transaction Tax is not
1. Lead Bank scheme
levied on G-ETF
2. No frill accounts
G-ETF can be traded on National
3. Differential
Rate
of
Interest
scheme
Spot exchange limited
4. Teaser loans
(a) All are false

(b) Only 4 is false
Which of the above can be considered
(c) Only 3 is false
as steps taken to achieve financial
(d) All are true
inclusion in India?

1.
There is no Universal Banking

practice in India
2.
(b) 2, 3, 4
(c) 3, 4
(d) All the above
Universal Banking leads to

loss in specialization

(a) 1, 3, 4
1.
Secondary
market
is
the
financial market for trading of
Page |8
securities that
have
been

1.
issued in an IPO/FPO
2.
Futures and options are two
from BRICS bank

2.
classes of derivatives
3.
been
nations is to forestall short
issued
is
known
as
term
3.
futures
4.
in
exchanges
The
former
is
Development
chairman
appointed
of
as
Bank
commission
(a) 1, 2 correct
Currency futures trading is
(b) 1, 2, 4 correct
allowed in India
(c) 1, 3, 4 correct
Currency futures are traded
(d) All the above
in commodity exchanges
(a) 1, 2, 4 correct
1.
Amber box subsidies include
(b) 1, 2, 3 correct
those that impact on market
(c) 2, 3, 4 correct
prices
(d) 1, 2, 3, 4 correct
41.
New
president of New Development
are
regulated by forward markets
4.
of
HDFC
commodity exchanges
Commodity
payment
bank
Bullion is also traded as part

commodity
of
Only BRICS nations can be

part

of
Balance
pressures
3.
Reserve
Arrangement between BRICS
2.
Contingency
Repurchase of stock that has

buyback of shares
1.
The proposed AIIB is different
2.
As of now there is no limit on

Blue Box subsidies
Decrease in cash reserve ratio
3. Only product patent can be
might lead to
1.
Increase in credit creation
issued for pharmaceuticals in
2.
Decrease in M3
India
3.
Increase in
4.
Increase in interest rate
M3
M0
4.
GI can be granted to a single

person
(a) 1, 2, 3 correct
(a) 1, 2, 3
(b) 2, 3, 4
(b) 2, 3, 4 correct
(c) 1, 3
(d) 1, 2, 4
(c) 1, 3, 4 correct
(d) All the above

Page |9

1.
Ponzi
scheme
has

1.
become
very famous recently due to

its
healthy
returns
imports
2.
and
ethical investments
2.
IDRs
are
issued
by
Non-
effect
shows
payments
3.
Shariah Index was introduced

by BSE to attract
REER is an inflation adjusted

exchange rate
4.
Shariah
funds from Arab countries
Interest
rates
in
domestic
market effect exchange rates
India has power exchanges
(a) 1, 2, 4 correct
for electricity market.
(b) 2, 3, 4 correct
(a) 1, 2, 3 correct
(c) 1, 3, 4 correct
(b) 2, 3, 4 correct
(d) 2, 3 correct
(c) 1, 3, 4 correct
1.
(d) All the above

45.
curve
worsen the overall balance of
Investors
4.
depreciation in short run can
Indian companies to Indian

3.
Depreciation of rupee boosts
Insider trading is a healthy
What is Levy-Sugar?
practice
(a) The portion of sugar production of
India
2.
the country meant for export

(b) The sugar which is imported by the
Government and allotted to Public
of
trade
in
Nikkei is a market Index of

South
3.
stock
Korea
Price per share multiplied by
Distribution System at a cost lower
total number of shares is the
than
market
that
incurred
by
the
Government
(c) The portion of sugar production
capitalization
of
company
4.
Optionally convertible
that the Government takes away
debentures are allowed in
from sugar mills at lower than
India
market rates for supplying to the
(a) Only 1 true
Public Distribution System
(b) Only 1, 2 true
(d) The portion of sugar production

that the State Governments supply
(c) Only 3 true

(d) Only 3, 4 true
to the Union Government at less

than market rates

P a g e | 10
48.

1.
(a) When population in an economy
Pigovian tax is a tax on all spot
continues to remain poor even after
conversions of one currency into
increase in nominal income

(b) When rise in the incomes of poor is
another
2.
neutralized by inflation.
Tobin tax is a tax on negative
(c) When
externalities
3.
(d) When people getting
Which of the statements given
unemployment allowance does not
above is/are correct?
want to work anymore

52.
(a) 1, 2
(b) 2, 3
(c) 1, 3
Current
account
financed
by
deficit
capital
is
3.
4.
Increase
current
(ZBB)
2.
New
budget
right
the
neglecting
the
scratch.
The
budget
expenditure.
account
Choose the correct code:
Trade deficit is a part of capital
(a) 1, 2 and 3
(b) 2 and 3
account
(c) Only 2
(d) Only 3
An increasing trade deficit may be

symptom
of
long
53.
the public distribution system and for

building up buffer stocks are known
(a) 2, 3, 4 correct
as
(b) 1, 3, 4 correct
(a) Minimum Support Prices
(c) 1, 2, 4 correct
(b) Procurement Prices
(d) 1, 2, 3 correct
(c) Issue Prices
Sales from Domestic Tariff Area(DTA)

to SEZs are to be treated as which
among the following?
The price at which the Government

purchases food grains for maintaining
term
deindustrialization
(d) Ceiling Prices

54.
(a) Imports (b) Domestic sales

(c) Exports (d) Domestic procurement
Select the correct situation which
defines welfare trap?

lays
from
deficit might lead to inflation
51.
Budgeting
Unlimited deficit financing.
3.
in
Based
1.
account
surplus
2.
Zero
emphasis on:

1.
50.
increases
along with inflation.
Withholding tax is a tax levied on

holding companies
49.
unemployment
Which one of the following is emerged

as a major instrument of Monetary
Policy in the Indian Economy?
(a) Liquidity Adjustment Facility
(b) Commercial Papers
(c) Treasury Bills
P a g e | 11

55.
Which
one
(b) This
among
the
Indian
Agricultural Sectors is covered under
political and economic interests in
the Market Intervention Scheme (MIS)
their respective countries.

(c) This
(b) Irrigation
additional
fund
would
be
granted to the Indian forces to meet
(c) Horticulture (d)Animal Husbandry
any
World Investment Report is published
intrusion in the Indian Territory.
by which of the following?
exigencies
arising
out
of
(d) This fund would help India's state
(a) WEF
(b) WTO
run companies pursue acquisition
(c) GATT
(d) UNCTAD
of oil, gas, coal, LNG and other raw
Duty Drawback Scheme is a normal

export
incentive
given
by
all
the
material in other countries.

59.
The natural rate of unemployment is
economies and is allowed by the World
the sum of?
Trade Organisation too. What is the
(a) Frictional unemployment and
rationale behind it?
Structural unemployment
(a) As different economies specialise in
(b) Frictional unemployment and
different products, this equalises

their
differential
effects
on
Cyclical unemployment
the
(c) Structural unemployment and
world trade.
Cyclical unemployment
(b) Indirect taxes of the economies

should
not
be
allowed
to
(d) Structural unemployment and
get
exported.
Seasonal unemployment
60.
(c) As exporters earn precious foreign
The Laffer curve shows the

relationship between?
exchange for their economies.
(a) Per capita income and
(d) This is a declared bias in the
58.
help
lobbyists abroad to seek India's
(a) Forestry
57.
would
following
of the Indian Government?
56.
fund
environmental pollution
provisions of the WTO and was
(b) Rate of unemployment and rate of
among the reasons why the Doha
inflation
Round of its talk stuck.
(c) Tax rate and tax revenue
Which one of the following statements
(d) Economic growth and income
related to 'Sovereign Wealth Fund' is
inequality
correct?
61.
(a) This proposed fund would help
Big-mac index is based on?

(a) Official exchange rate
Indians facing adverse conditions
(b) Real effective exchange rate
in an alien country.
(c) Nominal effective exchange rate

P a g e | 12
(d) Purchasing power parity exchange
(c) Fluctuations in agricultural and
rate
62.
industrial output
Which of the following regarding

Financial stability and development
council is/are true?
1.
Headed by Finance Minister
2.
A high-level body set up to
(d) Increase in salaries to employees

65.
regarding banking in India?

1.
2.
the mechanism for maintaining
3.
development.
63.
Which of the following regarding WTO
66.
(b) Only 2
(c) Only 3
(d) 2, 3
Which of the following is/are correct?
special
2.
3.
NAMA11 is a group of developing
4.
developed countries
vehicle
under
Western dedicated freight corridor

Eastern dedicated freight corridor
Eastern
corridor extends from
Ludhiana to Dankuni
(a) 1, 2
(b) 1, 3
(c) 2, 3
67.
Which of the following is not a reason

for cost push inflation?
(a) The existence of a large parallel
economy
(b) Excessive indirect taxation

purpose
is supported by World Bank
countries fighting against
64.
corridor
is supported by JETRO
binding
(d) All the above
freight
Minister of Railways
The decisions of Dispute

settlement body are legally
3.
Dedicated
corporation of India limited is a
Supports Regional Trade

Agreements
2.
RBI imposes fine at bank rate on
(a) Only 1
1.
is/are true?
1.
RBI determines the savings rate
by RBI
among IRDA, SEBI & PFRDA

(d) All the above
is
reserve requirements as specified
ordination i.e., co-ordination
(c) 1, 2
Ratio
banks if they do not maintain
Takes care of inter-regulatory co-
(b) 2, 3
Adequacy
of Interest
financial stability, financial sector
(a) 1, 3
Capital
determined by RBI
strengthen and institutionalize
3.
Which of the following is/are correct
(a) 1, 3
(b) 2, 4
(c) 2, 3
(d) All the above
Which of the following is considered as

an example of dirty subsidy?
(a) Subsidy on Fertilizers
(b) Subsidy on Food
(c) Subsidy on Diesel
(d) Subsidy on Alcohol
P a g e | 13
68.
The Nehru-Mahalanobis model of
(d) Erratic fluctuations in domestic
development believes in
prices
72.
(a) Trickle down approach
69.
(b) Decentralised approach
evil effects of small and uneconomic
(c) Capitalistic approach
holdings is
(d) Socialistic approach
(a) Cooperative farming

(b) Using capital intensive technology
Which of the following are true
(c) Rapid industrialization
regarding CACP?
(d) Opt for cash crops instead of food
1.
It is a statutory body
2.
Its recommendations are binding
3.
It
is
under
the
ministry
of
crops
73.
4.
It
revises
MSP
before
(b) Increase in borrowings
every
(c) Fall in price of goods and services
agriculture season
(d) Decrease in savings
(a) 1, 2 are correct
74.
(b) 3, 4 are correct
(a) Gilt edge market
(d) All are correct
(b) Stock Exchange
Which of the following statements are
(c) Mutual funds
true with respect to Credit Default

Swap?
It
is
an
insurance
against
(d) Call money market

75.
nonpayment of debt
2.
CDS are allowed in India
3.
Naked CDS are insurance against

Gilt edged securities
4.

1.
(a) 1, 2
(b) 1, 4
(c) 1, 2, 3
(d) 2, 4
Devaluation of currency leads to

(a) Fall in domestic prices
(b) Increase in domestic prices
(c) No impact on domestic prices

Recapitalization
providing
the
involves
bank
with
new
capital by government
2.
Recapitalization by GOI is mostly

to
CDS are used by companies to

raise money from markets
71.
Which one of the following is part of

Capital Market in Indian Economy?
(c) 1, 2, 4 are correct
1.
Increase in policy rate leads to

(a) Fall in investments
Agriculture
70.
The best solution for overcoming the
ensure
banks
meet
Basel
norms
3.
Purchase of shares of a bank is

part of Recapitalization of banks
(a) 1, 2 correct
(b) 1, 3 correct
(c) 2, 3 correct
P a g e | 14
76.
Small-Scale Industries in India are
(a)1, 2, 3 correct
supposed to be
(b) 1, 2, 4 correct
1.
Labour intensive
(c) 2, 3, 4 correct
2.
Capital intensive
3.
Labour light
4.
Skill light
Choose
your
79.

1.
answer
from
the
respect
following codes,
77.
(b) 2 and 3
(c) 2 and 4
(d) 1 and 3
2.
3.
The proceeds from IPO goes to
Gold monetization scheme might

lead
The proceeds from offer for sale
account deficit
4.
to
decrease
in
Sovereign gold bonds are called
Offer for sale is a practice of GOI
(a) 1, 2, 3 correct
to disinvest its stake in CPSUs
(b) 1, 3 correct
Underwriting of securities is done
(c) 2, 4 correct
by hedge funds

80.
Inflation may result in
(b) 1, 3, 4 correct
(a) Depreciation of currency
(c) 1, 2, 3 correct
(b) Appreciation of currency
(c) Increase in exports
(d) Decrease in interest rates
1.
Public
debt
government
2.
3.
is
nothing
debt
but
81.
excluding
Increase in domestic rate of interest

leads to
external debt
(a) Increase in foreign inflows
Public debt in India is managed
(b) Decrease in foreign inflows
by RBI as per RBI Act of 1934
(c) Depreciation of domestic currency
Increasing public debt leads to
inflation
4.
current
as Gilt-edged securities
(a) 1, 2, 4 correct
78.
Interest earned is paid only in the
company
of India
4.
Monetisation
form of currency
by GOI goes to Consolidated Fund

3.
Gold
deposited in metal account
2.
to
scheme, jewellery can also be
(a) 1 and 4
1.
As per latest draft of GOI with
82.
FIIs are allowed to invest in
respect to frictional unemployment?
public debt
1.

Always exist in an economy
P a g e | 15
2.
3.
It is an outcome of voluntary
4.
unemployment
(a) 1, 2, 3
(b) 1, 3, 4
Indicates decrease in employment
(c) 1, 2, 4
(d) All the above
86.
opportunities in the economy

4.
According
unemployment
1.
Constitutional
IGST will appropriated to the

state in which it is collected
2.
(c) 1, 2, 4
No longer cess and surcharges

levied
3.
(d) All the above
GST council has right to alter
Millennium Development Goals Report
GST rate and resolve disputes
is published by
related to GST
(a) IMF
(b) WB
4.
(c) WHF
(d) UNDP
(a) 1, 2, 3 correct (b) 2, 3, 4 correct
A country is said to be in a debt trap if

(a) It
has
to
abide
by
the
Exports are exempted from GST
(c) 1, 3, 4 correct (d) 3, 4 correct

87.
Land reforms are associated with

1.
Tenancy reforms
2.
Imposition of land ceilings
(b) It has to borrow to make interest
3.
Abolition of intermediaries
payments on outstanding loans
4.
Consolidation of land holdings
conditionalities
imposed
by
the
International Monetary Fund
(c) It has been refused loans or aid by
Choose
creditors abroad
your
answer
from
the
following
Codes:
(d) The World Bank charges a very
85.
122nd
Amendment Bill,
(b) 1, 3
84.
to
Generally it is not considered as
(a) 2, 3
83.
FII issues P-notes
high rate of interest on outstanding
(a) 1 and 3
(b) 1, 2, and 3
as well as new loans
(c) 2and 3
(d) 1 and 2

88.
respect to foreign investments?

1.
FPI includes FIIs and QFIs
2.
Foreign Investor with stake of less

1.
than 10% in a company is treated
terms of WPI
2.
as FII and more than 10% as FDI

3.
Producer
Price
Index
doesnt
track change in tax burden

3.
in India
Headline inflation is measured in
Service Price Index in India tracks
Investments by NRIs, PIOs and
the change in prices of various
OCIs
services
are
treated
as
foreign
investment

4.
WPI is calculated by MoSPI

P a g e | 16
92.
89.
Non-Tax revenue can be increased by
(a) 1, 2, 3 correct
improving the working of
(b) 1, 2 correct
(a) Electricity boards
(c) 2, 3, 4 correct
(b) Commercial irrigation projects
(c) Indian Railways
Golden Revolution is related to
(d) All the above
(a)Precious minerals
93.
The term Open Acreage Licensing
(b) Pulses
Policy refers to
(c) Jute
(a) Exploration policy of Oil and
(d) Horticulture
90.
Natural Gas
Which of the following is/are true with
(b) Exploration policy of Coal
regard to inflation?
(c) Exploration policy of Natural
1.
It erodes the value of rupee
2.
It leads to decrease in exports
3.
Its affect is similar to indirect tax
4.
It makes imports attractive
Resources
(d) Allocation of land to SEZs
94.
1.
Transfer payments are payments
(a) Only 1
made between the divisions of a
(b) Only 3
company
2.
(c) 1, 2, 3
91.
Transfer
price
is
one
way
(d) All the above
payment of money for which no
money,
respect to deficits in fiscal policy?
received in exchange
1.
2.
4.
or
service
An economy having Revenue
(a) Only 1 correct
deficit mean it has fiscal deficit
(b) Only 2 correct
An Economy having primary
(c) Both 1 & 2 correct
deficit mean it has Revenue
(d) None of the above are correct

95.
deficit
3.
good,
An Economy having Fiscal deficit
is
Zero Coupon Bond means

(a) Securities on which no interest rate
mean it has both revenue and
is paid and the issuer only pays the
primary deficits
Face value
An Economy having budget deficit

mean it has fiscal deficit
(b) Bond
issued
against
unsecured
asset
(a) 1, 3, 4
(b) 1, 2, 4
(c) A convertible debenture
(c) 2, 3, 4
(d) All the above
(d) Security
issued
at
very
interest rate

P a g e | 17
low
96.
1.
Special category status is awarded to

a state based on following parameters
government and private sector to
1.
Low population density
foreign creditors
2.
Strategic
locations
along
2.
the
borders of the country
97.
3.
Backwardness of state
4.
Hilly and difficult terrain
5.
Newly formed state
3.
NRI deposits are part of external

debt
4.
The long term external debt of
(a) 1, 3, 4, 5
(b) 1, 2, 3, 4
GOI is lesser than short term
(c) 1, 2, 4, 5
(d) 1, 2, 4
external debt
In India, which of the following have
(a) 1, 4
(b) 1, 2, 4
the highest share in the disbursement
(c) 1, 2, 3
100. The
recent
activities?
tapering
(a) Commercial Banks
1.
announcement
of
2.
(c) Regional Rural Banks
Is to reduce inflation and increase

It led to steep appreciation of
rupee
(d) Microfinance Institutions
3.
Base Rate is a banking term. The
Led
to
increase
in
dollar
denominated inflows into India
Base Rate s determined by
4.
(a) RBI
It is related to quantitative easing

in USA
(b) Commercial Bank
Which of the above statement are
(c) Finance Ministry
correct?
(d) Loan Recipient

Which of the following statements with
respect to external debt are true?
(a) 2, 3 correct
(b) 1, 4 correct
(c) 1, 3, 4 correct (d) 1, 2, 4 correct
*****

fed
interest rate in US economy
(b) Cooperative Banks
99.
External debt of GOI is managed

by ministry of finance
of credit to agriculture and allied
98.
It is total amount due by the
P a g e | 18
Place for Rough Work

P a g e | 19
Place for Rough Work

P a g e | 20

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ANALOG IAS INSTITUTE TEST SERIES - 2015

DO NOT OPEN THIS BOOKLET UNTIL YOU ARE ASKED TO DO SO

GENERAL STUDIES (PAPER I)

Maximum Marks: 200

DO NOT OPEN THIS BOOKLET UNTIL YOU ARE ASKED TO DO SO

ANALOG IAS INSTITUTE

PRELIMS TEST SERIES 2015

Number of Questions: 100

They are fantastically diverse. They

(c) Personal safety

speak hundreds of languages and

(d) None of the above

Amrut Mahotsav, part of budget

ethnic groups. They include highly

speech of FM, refers to

industrialized economics and up-and-

(a) Celebration for success of white

coming economies. They span half the

surface of the earth and are home to

worlds largest Milk producer

two-fifths of the world's population'.

(c) Successful cleaning of Himalayan

Agricultural income tax is assigned to

Allocations for which of the following

the State Government by

schemes are part of plan revenue

(a) The Finance Commission

(b) The National Development Council

(c) The Inter-state Council

NFSA (National Food Security Act)

(d) The Constitution of India

Sarva Siksha Abhiyan

Most Favoured Nations (MFN) clause

under WTO implies,

(a) Most favour to some countries

(b) Most favour to all countries

(b) Celebration on the eve of 75th year

The group of countries referred to here

Time : 120 Min

Consider the following statements

(c) No favour to any country

(d) No favour to some countries

Which of the following is not an

indicator in measuring Social Progress

Prevents misuse of DTAA

(a) Health and wellness

was set up, in 2012 to review

the guide lines for GAAR

ANALOG IAS INSTITUTE The Right Choice of Achievers.

(a) 1, 2 correct (b) 2, 3 correct

redraw the legislations governing

(c) 1, 3 correct (d) All the above

Indias financial system

As per agreement on Monetary policy

Independent debt management

which of the following are true?

Once in every six months, RBI

It drafted Indian Financial code.

should publish document related

work agreement between GOI and

According to GOI disinvestment policy,

The aim is to bring inflation below

the term strategic sale of PSU means

(a) Majority stake issued to strategic