UPPSC RO/ARO GENERAL STUDIES QUIZ

Question 1:

Despite the high rate of savings and capital formation in India, why does capital formation not result in significant output growth?

Iliteracy

Low level of foreign aid

Low capital-output ratio

High capital-output ratio

Question 2:

Economic growth will inevitably happen in an economy.

On Technological advances in the world economy

On population growth in a country

On capital formation in a country

On increasing the volume of trade in the world economy

Question 3:

What will be the effect of reducing the bank rate by the Reserve Bank of India?

Market liquidity will increase.

Market liquidity will decrease.

There will be no impact on the liquidity of the market.

Banks will be able to store more deposit capital

Question 4:

How many members are there in the GST Council?

33

35

25

23

Question 5:

Which of the following concepts implies that sustainable development should take a holistic approach towards notions of progress and give equal importance to non-economic aspects of wellbeing?

Gross Domestic Product

Gross National Happiness

Net National Product.

Gross National Product

Question 6:

Which of the following is not a measure taken by the Reserve Bank of India to control inflation in the economy?

Bank rate hike

Increase in cash reserve ratio

Purchase of government securities

Increase in Statutory Liquidity Ratio

Question 7:

Which of the following is not a function of the Reserve Bank of India?

Regulation of currency

Regulation of monetary policy

Regulation of foreign trade

Management of foreign exchange reserves

Question 8:

Who announces the Minimum Support Price (MSP) in India?

By the Cabinet Committee on Economic Affairs (CCEA) on the advice of the Reserve Bank of India

By the Reserve Bank of India on the advice of the Commission for Agricultural Costs and Prices

By the Commission for Agricultural Costs and Prices on the advice of the Cabinet Committee on Economic Affairs (CCEA)

By the Cabinet Committee on Economic Affairs (CCEA) on the recommendation of the Commission for Agricultural Costs and Prices

Question 9:

Match the following institutions correctly with their headquarters.

Organization Headquarters

IMF A.Kathmandu
SAARC B. Geneva
W.T.O. C.Washington D.C.
New Development Bank D. Shanghai

1 2 3 4

C A B D

B C A D

C B D A

B D A C

Question 10:

Consider the following statements about BRICS -

The headquarters of BRICS Bank or New Development Bank is located in Beijing.
South Africa is a member of BRICS since its inception in 2009.
BRICS is a group of four countries of the emerging developing economies of the world.

Which of the above statements are correct?

1 and 2 only

1 and 3 only

1, 2 and 3 all

None of the above