Basic Economic Concepts

14 Questions
  1. 1
    With reference to the sectors of the Indian economy, consider the following pairs :
    Economic activity Sector
    1. Storage of agricultural produce Secondary
    2. Dairy farm Primary
    3. Mineral exploration Tertiary
    4. Weaving cloth Secondary
    How many of the pairs given above are correctly matched ?
    UPSC CSE I - 2024
  2. 2
    With reference to physical capital in Indian economy, consider the following pairs:
    Items Category
    1. Farmer's plough Working capital
    2. Computer Fixed capital
    3. Yarn used by the weaver Fixed capital
    4. Petrol Working capital
    How many of the above pairs are correctly matched ?
    UPSC CSE I - 2024
  3. 3
    Consider the investments in the following assets :
    1. Brand recognition
    2. Inventory
    3. Intellectual property
    4. Mailing list of clients
    How many of the above are considered intangible investments?
    UPSC CSE I - 2023
  4. 4
    Which of the following activities constitute real sector in the economy ?
    1. Farmers harvesting their crops
    2. Textile mills converting raw cotton into fabrics
    3. A commercial bank lending money to a trading company
    4. A corporate body issuing Rupee Denominated Bonds overseas
    Select the correct answer using the code given below :
    UPSC CSE I - 2022
  5. 5

    With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:

    1. Worker productivity per worker (at 2004–05 prices) increased in urban areas while it decreased in rural areas.
    2. The percentage share of rural areas in the workforce steadily increased.
    3. In rural areas, the growth in the non-farm economy increased.
    4. The growth rate in rural employment decreased.

    Which of the statements given above is/are correct?

    UPSC CSE I - 2020
  6. 6
    With reference to India's Five-Year Plans, which of the following statements is/are correct?
    1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
    2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
    3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.
    Select the correct answer using the code given below.
    UPSC CSE I - 2019
  7. 7
    If a commodity is provided free to the public by the Government, then
    UPSC CSE I - 2018
  8. 8
    The substitution of steel for wooden ploughs in agricultural production is an example of
    UPSC CSE I - 2015
  9. 9
    Economic growth in country X will necessarily have to occur if
    UPSC CSE I - 2013
  10. 10
    A "closed economy" is an economy in which
    UPSC CSE I - 2011
  11. 11

    Match List I with List II and select the correct answer using the codes given below the Lists:

    List I List II
    I. Boom A) Business activity at high level with increasing income, output and employment at macro level
    II. Recession B) Gradual fall of income, output and employment with business activity in a low gear
    III. Depression C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment
    IV. Recovery D) Steady rise in the general level of prices, income, output and employment

    Codes:

    UPSC CSE I - 2000
  12. 12

    Consider the following statements:

    Industrial development in India, to an extent, is constrained by:

    1. Lack of adequate entrepreneurship and leadership in business
    2. Lack of savings to invest
    3. Lack of technology, skills and infrastructure
    4. Limited purchasing power among the larger masses

    Which of the above statements are correct?

    UPSC CSE I - 1999
  13. 13

    Since 1980, the share of the tertiary sector in the total GDP of India has:

    UPSC CSE I - 1999
  14. 14

    Some time back, the Government of India, decided to de-license 'white goods' industry. 'White goods' include:

    UPSC CSE I - 1998