WBCS Prelims 2018 Indian Economy Question and Solution

INDIAN ECONOMY QUESTION AND SOLUTION(QUIZ) - WBCS PRELIMS 2018

   In West Bengal Civil Service (WBCS) Preliminary Examination 2018, total of 11 questions was asked from Indian Economy.

1. Fiscal Deficit is

[A]  Budget Deficit + Government’s market borrowings and liabilities

[B]  Revenue Total expenditure

[C]  Primary Deficit + Interest Payments

[D] All of the above

Correct Answer

Correct Answer: [D] All of the above

2. Expenditure for public administration falls under

[A]  Plan Expenditure

[B]  Non-plan Expenditure

[C]  Profitable Expenditure

[D] None of above

Correct Answer

Correct Answer: [B]  Non-plan Expenditure

3. The finance commission is constituted with one chairperson and _____ number of the members

[A]  4

[B]  5

[C]  6

[D] 7

Correct Answer

Correct Answer: [A] 4

4. India imports maximum gold from which country?

[A]  Switzerland

[B]  UAE

[C]  South Africa

[D] Brazil

Correct Answer

Correct Answer: [A]  Switzerland

Notes: As per World Gold Council data 2016-17

5. Which of the following is not required while considering GNP [Gross National Product]?

[A]  Purchase of goods by Government

[B]  Private investment

[C]  Per capital income of citizens

[D] Net foreign investment

Correct Answer

Correct Answer: [C]  Per capital income of citizens

6. NITI Aayog is set up by

[A]  A resolution by Union Cabinet

[B]  Amending the constitution of India

[C]  Both [A] and [B]

[D] Neither [A] nor [B]

Correct Answer

Correct Answer: [A]  A resolution by Union Cabinet

7. Financial inclusion as per RBI means

[A]  An easily accessed and speedy grievance redressal process

[B]  Expanded effects on financial literacy

[C]  Greater consumer protection for newly included customers

[D] All of the above

Correct Answer

Correct Answer: [D] All of the above

8. . The second meeting of the Governing Council of NITI Aayog emphasized on

[A]  Eradication of poverty

[B]  State unites should be the focus of all development efforts

[C]  Clearance of all pending projects

[D] Both [A] and [B]

Correct Answer

Correct Answer: [D] Both [A] and [B]

9. Development expenditure of the Central Government does not Include

[A]  Defense expenditure

[B]  Expenditure on economic services

[C]  Expenditure on social and community services

[D] Grant to states

Correct Answer

Correct Answer: [A]  Defense expenditure

10. At present the JNNURM project of the Central Govt.

[A]  Funds development in cities for transport only

[B]  Funds development in rural areas for transport only

[C]  Funds projects in cities and villages for transport, housing and environment protection

[D] Limited funds road development for villages

Correct Answer

Correct Answer: [A]  Funds development in cities for transport only

11. Green revolution in India has taken place through district-wise execution of

[A]  IADA(Intensive Agricultural District Programme)

[B]  IAAP(Intensive Agricultural Area Programme)

[C]  IADA and IAAP

[D] None of the above

Correct Answer

Correct Answer: [C]  IADA and IAAP