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UPSC NDA and NA Economy Quiz 2

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UPSC NDA and NA Economy Quiz 2

shape Introduction

Economy is a very important subject for Railway Recruitment exams and UPSC Exams. UPSC NDA and NA Prelims Exam is the combination of Mathematics and General Ability. Geography is one of the most important topics in the General Ability section. All these questions are easily understandable format. UPSC NDA and NA Economy Quiz 2 is very useful to get the maximum marks from the General Ability sections. Candidates can check the daily updates at UPSC Official Website

shape Pattern

Paper Mode Subject Marks Duration
Paper-I Mathematics 200 Marks 2 hours
Paper-II General Ability 200 Marks 2 hours
UPSC NDA and NA Syllabus

shape Samples

1. Development expenditure of the Central government does not include
    A. defence expenditure B. expenditure on economic services C. expenditure on social and community services D. grant to states

Answer: Option A
2. ICICI is the name of a
    A. chemical industry B. bureau C. corporation D. financial institution

Answer: Option D
3. Gilt-edged market means
    A. bullion market B. market of government securities C. market of guns D. market of pure metals

Answer: Option B
4. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
    A. Chemicals other than fertilizers B. Services sector C. Food processing D. Telecommunication

Answer: Option D
5. Devaluation of a currency means
    A. reduction in the value of a currency vis-a-vis major internationally traded currencies B. permitting the currency to seek its worth in the international market C. fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies D. fixing the value of the currency in multilateral consultation with the IMF, the World Bank, and major trading partners

Answer: Option A
6. In the second nationalization of commercial banks, ___ banks were nationalized.
    A. 4 B. 5 C. 6 D. 8

Answer: Option C
7. Depreciation means
    A. closure of a plant due to lock out B. closure of a plant due to labour trouble C. loss of equipment over time due to wear and tear D. destruction of a plant in a fire accident

Answer: Option C
8. Deficit financing leads to inflation in general, but it can be checked if
    A. government expenditure leads to increase in the aggregate supply in ratio of aggregate demand B. only aggregate demand is increased C. all the expenditure is denoted national debt payment only D. All of the above

Answer: Option D
9. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    A. will decrease B. will increase C. will neither increase nor decrease D. None of the above

Answer: Option C
10. India changed over to the decimal system of coinage in
    A. April 1995 B. April 1957 C. April 1958 D. April 1959

Answer: Option B
11. The association of the rupee with pound sterling as the intervention currency was broken in
    A. 1990 B. 1991 C. 1992 D. 1993

Answer: Option C
12. On which one of the following is the benefits received the principle of taxation to achieve optimality bases?
    A. Marginal benefit received B. Total benefit received C. Average benefit received D. Ability to pay for the benefit

Answer: Option D
13. Gross domestic capital formation is defined as
    A. flow of expenditure devoted to increased or maintaining of the capital stock B. expenditure incurred on physical assets only C. production exceeding demand D. net addition to stock after depreciation

Answer: Option D
14. On July 12, 1982, the ARDC was merged into
    A. RBI B. NABARD C. EXIM Bank D. None of the above

Answer: Option B
15. Which of the following is the most appropriate cause of exports surplus?
    A. Country's exports promotion value B. Country's stringent import policy C. Developments in national and international markets D. None of the above

Answer: Option C

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