Economics– Miscellaneous Topics – Old Year Questions (Part 2)

85. Regarding ‘DigiLocker’, sometimes seen in the news, which of the following statements is/are correct?

1. It is a digital locker system offered by the Government under the Digital India Programme.
2. It allows you to access your e-documents irrespective of your physical location.

Select the correct answer using the code given below :

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

[I.A.S. (Pre) 2016]


86. Which of the following online portals has been launched by the Ministry of Urban Development, Government of India for small traders?

(a) e-traders
(b) e-Lala
(c) e-urban
(d) e-urban-dev

[U.P. P.C.S. (Mains) 2016]


  87. SEMFEX scheme has been introduced by :

(b) RFC

[R.A.S./R.T.S.(Pre) 1999]


88. Which one of the following Union Ministries is implementing the Biodiesel Mission (As Nodal Ministry)?

(a) Ministry of Agriculture
(b) Ministry of Science and Technology
(c) Ministry of New and Renewable Energy
(d) Ministry of Rural Development

[I.A.S. (Pre) 2008]


89. Which one of the following companies has started a rural marketing network called ‘e-couples’?

(a) ITC
(b) Dabur
(c) Procter and Gamble
(d) Hindustan Unilever

[I.A.S. (Pre) 2005]


90. The Visa-on-Arrival Scheme (VoA) was started in the country in January 2010 on a pilot basis. Which of the following countries was not in this list in this year?

(a) Japan
(b) Philippines
(c) Finland
(d) Singapore

[U.P.P.C.S. (Mains) 2010]


91. ‘Project Arrow’ is concerned with the modernization of which of the following?

(a) Airports
(b) Post Offices
(c) Road Transport
(d) Railways

[U.P.P.C.S (Pre) 2010]


  92. Project ARROW is related to:

(a) the welfare of old scheduled tribal men
(b) a wing of the Armed Forces
(c) a standard of quality of garments
(d) giving a new identity to post offices

[U.P.P.C.S. (Mains) 2009]


93. Bhakra-Nangal is a joint project of :

(a) Haryana-Punjab and Rajasthan
(b) Haryana-Punjab and Delhi
(c) Himachal Pradesh-Haryana and Punjab
(a) Punjab-Delhi and Rajasthan

[U.P.P.C.S. (Mains) 2012]


94. India’s first textile university will be set up in which of the following States?

(a) Madhya Pradesh
(b) Bihar
(c) Gujarat
(d) Odisha
(e) None of the above/More than one of the above

[60th to 62th B.P.S.C. (Pre) 2016]


95. Two statements are given below, one labelled as Assertion (A) and the other labelled as Reason (R). Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology. Reason (R): The ideology of socialism believes in universalism and globalism.

In the context of the above two statements, which one of the following is correct?

(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true, but R is not the correct explanation of A
(c) A is true, but R is false (d) A is false, but R is true

[I.A.S. (Pre) 1997]


  96. Which one of the following is not taken as a factor among the non-economic factors, which contribute to economic growth?

(a) Human resource
(b) Corruption
(c) Social organization
(d) Market surplus in agriculture

[Jharkhand P.C.S. (Pre) 2013]


97. Which one of the following is not an example of economic infrastructure?

(a) Schools
(b) Sanitary facilities
(c) Coal mines
(d) Roads and Railways

[U.P.P.C.S. (Mains) 2004]


98. Super Bazar is :

(a) Whole-sale organization
(b) Retail-sale organization
(c) Consumer cooperative organization
(d) Superior quality and high-valued goods sale organization

[U.P.P.C.S. (Mains) 2003]


99. Who is the Father of ‘Modern Economics’?

(a) Adam Smith
(b) Marshall
(c) Keynes
(d) Robins

[M.P.P.C.S. (Pre) 2010]


  100. Which one of the following sets of economists strongly favored a market economy?

(a) Adam Smith, Keynes, Hicks
(b) Adam Smith, Marx, Strumlin
(c) Adam Smith, Hayek, Friedman
(d) Adam Smith, Ricardo, J.K. Galbraith

[I.A.S. (Pre) 1993]


101. Who is the author of the book ‘Wealth of Nations’?

(a) Adam Smith
(b) David Ricardo
(c) J.M. Keynes
(d) Gunnar Myrdal

[U.P.P.C.S. (Mains) 2012]


  102. Name the Indian Economist who won the Leontif Award in 2009. Earlier this award had been won by persons such as J.K. Galbraith, Amartya Sen, and others.

(a) Dr. Manmohan Singh
(b) Shanta Sinha
(c) Shankar Acharya
(d) Bina Agarwal

[U.P.P.C.S. (Mains) 2007]


103. Which one of the following is not included in the country’s wealth?

(a) Mines
(b) Dams
(c) Money supply
(d) Cattle wealth

[U.P.P.C.S. (Spl.) (Mains) 2004]


104. Who is the author of the book ‘The Accumulation of Capital’?

(a) Mrs. Joan Robinson
(b) Adam Smith
(c) Lord Maynard Keynes
(d) None of the above

[Uttarakhand P.C.S. (Pre) 2014]


105. The term ‘Prisoner’s Dilemma’ is associated with which one of the following?

(a) A technique in glass manufacture
(b) A term used in shipping industry
(c) A situation under the game theory
(d) Name of a supercomputer

[I.A.S. (Pre) 2008]


  106. Who is the father of scientific management?

(a) Henry Fayol
(b) Elton Mayo
(c) Cheston Bernard
(d) F.W. Taylor

[U.P. R.O./A.R.O. (Mains) 2017]


  107. One common agreement between Gandhism and Marxism is :

(a) the final goal of a stateless society
(b) class struggle
(c) abolition of private property
(d) economic determinism

[I.A.S. (Pre) 2020]


  108. The theory of trusteeship of business assets was pronounced by :

(a) Henry Fayol
(b) Mahatma Gandhi
(c) Jawahar Lal Nehru
(d) Karl Marx

[U.P.P.C.S. (Mains) 2009]


109. The Gandhian economy is based on the principle of :

(a) Competition
(b) Trusteeship
(c) State Control
(d) None of these

[U.P.P.C.S.(Pre) 2013]


110. Who among the following had propounded the concept of ‘Trusteeship’ ?

(a) M.N. Roy
(b) Aurobindo Ghosh
(c) Mahatma Gandhi
(d) G.K. Gokhale

[U.P.P.C.S. (Mains) 2012]


111. Consider the following statements :

1. The Gandhian Economy is based on the principle of trusteeship.
2. The Uttar Pradesh Zamindari Abolition and Land Reforms Act, 1950 is included in the Ninth Schedule.
3. The 60th Constitutional Amendment reduced the voting age of citizens in India from 21 years to 18 years.
4. In 1982, ‘Shetkari Sangthan’ was organized by Medha Patekar. Of these statements :

(a) Only 1 and 2 are correct.
(b) Only 2 and 3 are correct.
(c) Only 3 and 4 are correct.
(d) All are correct.

[U.P. Lower Sub. (Pre) 2013]


  112. Consider the following statements :

1. The Standard Mark of the Bureau of Indian Standards (BIS) is mandatory for automotive tyres and tubes.
2. AGMARK is a quality Certification Mark issued by the Food and Agriculture Organization (FAO).

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

[I.A.S. (Pre) 2017]


113. ISO 14001 is :

(a) an international spy network to watch nuclear explosions in any part of the world
(b) a Pakistani network that organizes terrorist activities in India
(c) an international certificate issued to industrial units for having established a Pollution Control System
(d) a certificate issued by the Government regarding the quality of a product

[U.P.P.C.S. (Pre) 1999]


114. Which of the following statements is/are correct regarding Smart India Hackathon 2017?

1. It is a centrally sponsored scheme for developing every city in our country into Smart Cities in a decade.
2. It is an initiative to identify new digital technology innovations for solving the many problems faced by our country.
3. It is a program aimed at making all the financial transactions in our country completely digital in a decade.

Select the correct answer using the code given below :

(a) 1 and 3 only
(b) 2 only
(c) 3 only
(d) 2 and 3 only

[I.A.S. (Pre) 2017]


  115. With reference to the ‘Prohibition of Benami Property Transactions Act, 1988 (PBPT Act)’, consider the following statements :

1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction.
2. Properties held benami are liable for confiscation by the Government.
3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) 1 and 3 only
(d) 2 and 3 only

[I.A.S. (Pre) 2017]


  116. The first Indian State to start a State Data Centre (SDC) is :

(a) Telangana
(b) Rajasthan
(c) Chhattisgarh
(d) Himachal Pradesh

[M.P.P.C.S. (Pre) 2017]


117. Match the following :

List-I (Year) List-II (Committee)
1. 1949-51 A. Local Finance Enquiry Committee
2. 1953-54 B. Taxation Enquiry Commission
3. 1963-66 C. Rural-Urban Relationship Committee
4. 1985-88 D. National Commission on Urbanization

Codes: 1 2 3 4

(a) A B C D
(b) B C D A
(c) C D A B
(d) D C B A

[J.P.S.C. (Pre) 2016]


118. Match List-I and List-II and select the correct answer :

List-I List-II
A. Chakravarty (i) Tax Reforms Committee
B. Narasimham (ii) Poverty Estimation Committee
C. Tendulkar (iii) Banking Sector Reforms Committee
D. Chelliah (iv) Financial Sector Reforms Committee

Codes: A B C D

(a) iii ii i iv
(b) iv i iii ii
(c) ii iii iv i
(d) iii iv ii I

[J.P.S.C. (Pre) 2016]


  119. The web portal ‘DACNET’ is related to :

(a) e-Agriculture
(b) e-Commerce
(c) e-Business
(d) e-Logistics

[J.P.S.C. (Pre) 2016]


120. World’s first country to have a cashless economy :

(a) Canada
(b) Sweden
(c) France
(d) Belgium

[J.P.S.C. (Pre) 2016]


121. According to the Rural Cleanliness Survey, which State is at the top of the ladder as far as cleanliness is concerned?

(a) Jharkhand
(b) Sikkim
(c) Kerala
(d) Telangana

[J.P.S.C. (Pre) 2016]


  122. Which one of the following statements is not correct?

(a) ‘Golden Hand Shake Scheme’ relates to voluntary retirement.
(b) The real ownership of a joint stock company remains with the shareholders.
(c) According to the Human Development Report, 2010 in India, the mean year of schooling and expected year of schooling respectively are 4.4 and 10.3.
(d) In the context of India’s Population Projection, the concept of ‘Age-quake’ is related to the Child Age population.

[U.P. Lower Sub. (Pre) 2013]


123. Drishti 2025, is related to :

(a) Stablization of Population
(b) Industrial Development
(c) Increase in Food Production
(d) Global Warming

[Uttarakhand U.D. A./L.D.A. (Pre) 2003]


  124. The term ‘Intended Nationally Determined Contributions’ is sometimes seen in the news in the context of :

(a) Pledges made by the European countries to rehabilitate refugees from the war-affected Middle East
(b) Plan of action outlined by the countries of the world to combat climate change
(c) Capital contribution by the member countries in the establishment of Asian Infrastructure Investment Bank
(d) Plan of action outlined by the countries of the world regarding Sustainable Development Goals

[I.A.S. (Pre) 2016]


  125. Consider the following statements :

1. As per law, the Compensatory Afforestation Fund Management and Planning Authority exists at both National and State levels.
2. People’s participation is mandatory in the compensatory afforestation programs carried out under the Compensatory Afforestation Fund Act, of 2016.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

[I.A.S. (Pre) 2019]


126. In India, ‘extended producer responsibility’ was introduced as an important feature in which of the following?

(a) The Bio-medical Waste (Management and Handling) Rules, 1998
(b) The Recycled Plastic (Manufacturing and Usage) Rules, 1999
(c) The e-Waste (Management and Handling) Rules, 2011
(d) The Food Safety and Standard Regulation, 2011

[I.A.S. (Pre) 2019]

127. The Environmental Kuznets Curve (EKC) shows the relationship between per capita GDP and environmental loss. What is the shape of the Environmental Kuznets Curve?

(a) Inverted ‘U’ shaped
(b) Inverted ‘V’ shaped
(c) Inverted ‘L’ shaped
(d) None of these

[U.P.P.C.S. (Pre) 2019]


128. In international policy processes, which of the following is not a specific achievement with which women’s empowerment is implicitly equated with

(a) Political Participation
(b) Legal Reform
(c) Strategic Choices
(d) Economic Security

[U.P. Lower Sub. (Mains) 2013]


129. Assertion (A): Lehman Brothers (an investment banking company in the US) filed for Chapter 11 bankruptcy protection in September 2008. Reasons (R): Sub-prime lending was one of the main causes of the financial crisis.

(a) Both A and R are true, and R is the correct explanation of A.
(b) Both A and R are true, but R is not the correct explanation of A.
(c) A is true, but R is false.
(d) A is false, but R is true.

[M.P.P.C.S. (Pre) 2008]


  130. Consider the following statements and state which is/are correct.

1. The sub-prime crisis that hit the U.S. economy was caused by a sudden increase in oil prices.
2. The crisis led to default in home loan repayment.
3. It led to the failure of some U.S. banks.
4. Sub-prime crisis caused a crash in the Indian Stock Market.

Choose your answer from given codes: Codes :

(a) 1 only
(b) 2 and 4 only
(c) 2, 3 and 4 only
(d) 1, 2, 3 and 4

[U.P.P.C.S (Pre) 2010]


131. The amount of highest household waste per capita per year is produced in the world by :

(a) Australia
(b) Denmark
(c) Ireland (d) USA

[U.P.P.C.S. (Spl.) (Pre) 2008]


132. The approximate percentage of the world water resources available in India is :

(a) 4
(b) 1.5
(c) 11
(d) 7.9

[R.A.S./R.T.S.(Pre) 2007]


  133. In the development of hydroelectric power, the pioneering State in India is :

(a) Himachal Pradesh
(b) Karnataka
(c) Tamil Nadu
(d) Uttar Pradesh

[U.P.P.C.S. (Pre) 1998]


134. In relation to the total atomic energy production in the World, the production in India comes to only :

(a) 0.1%
(b) 1%
(c) 2%
(d) 3%

[U.P.P.C.S. (Pre) 1999]


  135. Arrange the following States of India in descending order of their gross electricity generated :

1. Gujarat
2. Maharashtra

3. Tamil Nadu
4. Uttar Pradesh

Select the correct answer from the codes given below:


(a) 4, 1, 2, 3
(b) 2, 1, 4, 3
(c) 2, 4, 3, 1
(d) 1, 2, 4, 3

[U.P.P.C.S. (Pre) 2000]


  136. At present, per capita annual consumption of electricity in India is about :

(a) 150 KWh
(b) 250 KWh
(c) 350 KWh
(d) 500 KWh

[U.P.P.C.S. (Pre) 1998]


137. In August 2006, the Government of India notified the Rural Electrification Policy. This Policy aims at the provision of access to all households by which year?

(a) 2008
(b) 2009
(c) 2010
(d) 2012

[I.A.S. (Pre) 2008]


138. According to the Union Budget 2006-07, the Government aimed to raise the power generation capacity by 15,000 MWs by :

(a) March 2007
(b) March 2008
(c) March 2009
(d) March 2010

[U.P.P.C.S. (Mains) 2005]

139. What has been the approximate share of renewable energy out of the total generation capacity in the energy sector of India as of Dec. 2011?

(a) 11 %
(b) 8 %
(c) 5 %
(d) 2 %

[U.P.P.C.S. (Mains) 2012]


140. Which of the following is not the objective of the current National Electricity Policy?

(a) Access to electricity available for all households in the next five years
(b) Fulfill the electric power demand by 2012
(c) Protection of consumer’s interest
(d) Reduce the per unit price of electricity

[U.P.P.C.S. (Mains) 2005]


  141. Which of the following is not correctly matched?

(a) Primary Energy – Tidal Power
(b) Commercial Energy – Oil and Gas
(c) Non-Commercial Energy – Animal Dung
(d) Non-Conventional Energy – Solar Energy

[U.P. R.O./A.R.O. (Pre) 2021]


142. Consider the following statements. Regional disparities in India are high and have been rising in recent years because:

1. there is a persistent investment over time only in select locales.
2. Some areas are agro-climatically less conducive to development.
3. Some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities.
4. Some areas have faced continuous political instability.

Which of the above statements is correct?

(a) 1, 2 and 3
(b) 1, 2 and 4
(c) 1, 3 and 4
(d) 2, 3 and 4

[I.A.S. (Pre) 1999]

  143. The East-West corridor of the Golden Quadrilateral connects which of the following centers (nodes)?

(a) Silchar and Porbander
(b) Guwahati and Ahmedabad
(c) Kandla and Tinsukia
(d) Itanagar and Jamnagar

[M.P.P.C.S. (Pre) 2019]

  144. In which of the following States, India’s first Railway line has been made under the public-private partnership model?

(a) Rajasthan
(b) Madhya Pradesh
(c) Maharashtra
(d) Gujarat

[U.P. Lower Sub. (Pre) 2015]


  145. The cities which are included in the ‘Golden Triangle’ of Indian Tourism are :

(a) Agra, Delhi and Jaipur
(b) Mathura, Agra and Gwalior
(c) Agra, Kanpur and Lucknow
(d) None of the above

[U.P.P.C.S. (Pre) 2016]


146. More than one-third of the crude steel production of the world comes from :

(a) China
(b) Japan
(c) Russia
(d) U.S.A.

[U.P.P.C.S (Pre) 2011]

147. The Kamaiya system is :

(a) an arrangement of canals that cover unirrigated areas in Nepal
(b) a system of bonded labor in Nepal that continues from generation to generation
(c) a system of contract labor in Assam prevalent in tea gardens
(d) a system of labor on seaports to load and unload goods

[U.P.U.D.A./L.D.A. (Pre) 2002]


  148. Which of the following statements is not correct?

(a) India was a colony of Britain till 1947.
(b) The Indian economy stagnated during the British period.
(c) India was a supplier of manufacturing goods during British rule.
(d) India was the supplier of raw materials during British rule.

[U.P. P.C.S. (Mains) 2013]


149. Which one of the following statements about Arthashastra is not true?

(a) It prescribes the duty of a king.
(b) It describes the economic life of the country.
(c) It lays down the principles of politics.
(d) It highlights the need for financial reforms.

[U.P.P.C.S. (Pre) 1994]


  150. In how many adhikarnas is the Kautilya Arthashastra divided?

(a) 11
(b) 12
(c) 14
(d) 15

[48th to 52nd B.P.S.C. (Pre) 2008]


151. What is the meaning of ‘Athavana’?

(a) Revenue department
(b) Revenue
(c) Import Tax
(d) Trade Tax

[Jharkhand P.C.S. (Pre) 2003]


  152. India is divided into how many PIN zones?

(a) 5
(b) 6
(c) 7
(d) 8

[Uttarakhand P.C.S. (Mains) 2006]


  153. Consider the following statements :

1. The number of post offices in India is in excess of 1.5 lakh.
2. Bharat Sanchar Nigam Limited (BSNL) was formed in the year 1997.
3. Telecom Regulatory Authority of India (TRAI) was established in the year 2000.

Which of the statements given above is/are correct?

(a) 1, 2 and 3
(b) 1 and 2
(c) 1 only
(d) 3 only

[I.A.S. (Pre) 2005]


  154. Which bank has been presented with the ‘Asian Banking Award 2001’ for operational efficiency in treasury operations :

(a) Industrial Development Bank of India (IDBI)
(b) Industrial Credit and Investment Corporation of India (ICICI)
(c) HDFC
(d) SBI

[U.P.P.C.S. (Pre) 2002]


155. In which State, India’s largest Naphtha Cracker Plant was inaugurated by the Union Petroleum Minister in February 2011?

(a) Andhra Pradesh
(b) Karnataka
(c) Haryana
(d) Odisha

[U.P.P.C.S. (Mains) 2011]


  156. How much is one barrel of oil approximately?

(a) 131 litres
(b) 159 litres
(c) 179 litres
(d) 201 litres

[U.P.P.C.S. (Pre) 2009]


  157. Weight of L.P.G. in Kilogram filled in Non-domestic gas cylinder is :

(a) 14.2
(b) 15.8
(c) 19.0
(d) 19.4

[U.P.P.C.S. (Pre) 2009]


  158. The correct full form of PVR cinema is :

(a) Priya Village Road Show
(b) Priya Videos & Reviews
(c) Parvati Videos & Reviews
(d) Priyam Village & Road Show

[U.P.P.C.S. (Mains) 2011]


  159. ‘AGMARK’ is related with :

(a) Processing
(b) Quality
(c) Packaging
(d) None of the above

[U.P. Lower Sub. (Pre) 2013]


  160. AGMARK is a :

(a) Co-operative society for egg production
(b) Co-operative society of farmers
(c) Regulated market for eggs
(d) A seal of quality guarantee

[U.P.P.C.S. (Mains) 2004, U.P.U.D.A./L.D.A. (Pre) 2002]


  161. ‘Geographical Indication Tag’ for black pottery is associated with which of the following place in Uttar Pradesh?

(a) Najibabab
(b) Khurja
(c) Nizamabad
(d) Kasganj

[U.P. R.O./A.R.O. (Pre) 2021]


  162. ‘Eco mark’ is given to the Indian products that are :

(a) pure and unadulterated
(b) rich in proteins
(c) environment friendly
(d) economically viable

[I.A.S. (Pre) 1998]


163. Considering the geographical-environmental conditions and the culture of Rajasthan, which sector should naturally be given top-policy priority for long-term, sustainable, inclusive development?

(b) Animal Husbandry
(d) Industry

[R.A.S./R.T.S.(Pre) 2007]


164. At present, what is the main source of wealth in Bihar?

(a) Industry
(b) Agriculture
(c) Natural Resources
(d) Minerals

[48th to 52nd B.P.S.C. (Pre) 2008]


165. The country in which a major controversy has erupted regarding outsourcing :

(a) France
(b) Germany
(c) Japan
(d) U.S.A.

[Uttarakhand P.C.S. (Mains) 2002]


166. Now, Packaging has assumed importance, because :

(a) It provides protection to the products
(b) It makes the products attractive
(c) It increases credibility of the products
(d) It provides all the above

[U.P.P.C.S. (Pre) 2009]


167. After the merger of Air India and Indian Airlines, the New entity is now known as :

(a) Indian Airways
(b) Indian Airlines
(c) Air India
(d) Indo-Air

[U.P.P.C.S. (Mains) 2007]


  168. The ‘Transaction Fee’ which has been banned by a recent Supreme Court order from being realized from customers relates to :

(a) Sea journey
(b) Air journey
(c) Rail journey
(d) Road journey

[U.P. Lower Sub. (Pre) 2013]


  169. Universal Service Obligation Fund is concerned with :

(a) adjustment of liabilities of telecom companies
(b) adjustment of accounts of oil refining companies to maintain the same price
(c) the aid of people suffering from contagious diseases
(d) the aid in the time of natural disasters

[U.P.P.C.S. (Mains) 2003]


170. ‘Belt and Road Initiative’ is sometimes mentioned in the news in the context of the affairs of :

(a) African Union
(b) Brazil
(c) European Union
(d) China

[I.A.S. (Pre) 2016]


  171. Yamuna Expressway runs between :

(a) Noida to Greater Noida
(b) Greater Noida to Agra
(c) Lucknow to Agra
(d) Agra to Allahabad

[U.P.P.C.S. (Mains) 2012]