CGL 2024 Prelims Economics Part 3

Question 1 of 25

1. Question

According to Census of India 2011, what is the gap between male and female literacy rate in India?

21.59%
18.30%
24.84%
16.68%

Question 2 of 25

2. Question

Which of the following is an example of capital receipts?

Revenue from the sale of government assets
Taxes on income
Interest on government bonds
Grants-in-aid from other governments

Question 3 of 25

3. Question

The National Youth Policy 2014 defines youth as population between the ages of ____ and ____.

20; 29
15; 25
15; 29
10; 19

Question 4 of 25

4. Question

Which of the following definitions best describes the concept of microfinance?

A microfinance institution is a company registered under the Companies Act, 1956...
Microfinance is a banking service provided to unemployed or low-income individuals...
A microfinance institution is a digital-only and mobile-first bank.
Microfinance refers to providing banking services to individuals living in rural areas.

Question 5 of 25

5. Question

What challenge does foreign investment often face in India?

Excessive foreign competition
Inconsistent regulatory environment
Lack of skilled labour
Lack of consumer base

Question 6 of 25

6. Question

As for the year 2020-21, which of the following states had the lowest unemployment rate among persons aged 15 years and above?

Sikkim
Madhya Pradesh
Gujarat
Chhattisgarh

Question 7 of 25

7. Question

Which of the following is a difference between self-help groups (SHGs) and microfinance institutions (MFIs) in India?

SHGs are non-profit organisations, while MFIs are for-profit organisations.
SHGs provide only credit, while MFIs provide a range of financial services.
SHGs are typically small, community-based organisations, while MFIs are larger and more formal institutions.
SHGs rely on government subsidies for funding, while MFIs rely on commercial sources of funding.

Question 8 of 25

8. Question

Identify the sequence of implementation of the following taxes.
I. Land revenue
II. Sales tax
III. MODVAT
IV. Service tax

III, II, IV, I
II, IV, I, III
IV, II, I, III
I, II, III, IV

Question 9 of 25

9. Question

What is the empirically fitted relationship between the rate of change of money, wage, and rate of unemployment known as?

Friedman’s model
Keynesian model
Baumol hypothesis
Philips curve

Question 10 of 25

10. Question

What was the actual growth rate of the first five-year plan?

4.2%
2.6%
3.6%
2.1%

Question 11 of 25

11. Question

Which of the following is NOT the socio-economic objective of Industrial Policy Statement 1980?

Higher employment generation
Consumer protection against high prices and bad quality
Promotion of export-oriented industries
Allowing the maximum foreign direct investment

Question 12 of 25

12. Question

If assets of a bank are greater than liabilities, it will be recorded as:

liabilities
net worth
reserves
assets

Question 13 of 25

13. Question

Which of the following is NOT correct with regards to the history of calculating National Income (NI) in India?

First attempt to compute NI was made by Dadabhai Naoroji.
First official attempt to compute NI was made by PC Mahalanobis.
Dadabhai Naoroji divided the Indian economy into two parts: primary sector and secondary sector.
First scientific method to compute NI was used by Dr VKRV Rao.

Question 14 of 25

14. Question

Which of the following is a correct statement?

National Income is GNP at FC.
National Income is NDP at MP.
National Income is GDP at MP.
National Income is NNP at FC.

Question 15 of 25

15. Question

Which of the following statements is/are correct?
i. The first green revolution led to over-exploitation of natural resources.
ii. The second Green Revolution was more focused on Southern India.
iii. The second green revolution ensured in achieving sustainable livelihood security.

i and iii
Only ii
ii and iii
i and ii

Question 16 of 25

16. Question

As per the report of the NITI Aayog in 2023, which among the following states in India has the lowest percentage of the total population that is multidimensionally poor?

Goa
Kerala
Sikkim
Uttarakhand

Question 17 of 25

17. Question

Which of the following statements is correct about the composition of the agriculture sector and employment in GDP post-independence?

The proportion of employment has declined significantly but not the share of the agriculture sector in GDP.
The proportion of both the agriculture sector and employment in GDP has increased significantly.
The proportion of both the agriculture sector and employment in GDP has declined significantly.
The proportion of GDP contributed by the agricultural sector declined significantly but not the employment depending on the agriculture sector.

Question 18 of 25

18. Question

The Parliament passed the Essential Defence Services Bill, 2021 in August 2021. Which of the following is an objective behind passing it?

To encourage more FDI in defence services
To prohibit strikes, lockouts and layoffs in units engaged in essential defence services
To appoint more women in defence services
To implement one rank one pension

Question 19 of 25

19. Question

Each of the following statements includes two terms. In three cases, the two terms mean the same as each other. In which of the following cases do the two terms NOT mean the same as each other?

Nominal GDP and GDP at current prices
The base period and the reference period
Changes in real GDP and the GDP deflator
Real GDP and GDP at constant prices

Question 20 of 25

20. Question

How was the growth in all food grains after the Green Revolution?

Unitary
Proportionate
Unpredictable
Disproportionate

Question 21 of 25

21. Question

The Drought Prone Area Programme (DPAP) for providing employment to people in drought prone areas was started by the Government of India during the _____.

Fourth Five-Year Plan
Sixth Five-Year Plan
Third Five-Year Plan
Seventh Five-Year Plan

Question 22 of 25

22. Question

The Accelerated Female Literacy Programme was initiated in districts where the female literacy rate, based on the 2001 census, was _____.

below 35%
below 45%
below 30%
below 50%

Question 23 of 25

23. Question

According to the Agricultural and Processed food products Export Development Authority (APEDA) 2020-2021, which state of India has the first rank in grapes production?

Maharashtra
Karnataka
Bihar
Uttar Pradesh

Question 24 of 25

24. Question

What correctly defines change of inventories of a firm during a year?

Production of the firm during the year – Sale of the firm during the year
Production of the firm during the previous year – Sale of the firm during the year
Sale of the firm during the year – Production of the firm during the year
Production of the firm during the year – Sale of the firm during the previous year

Question 25 of 25

25. Question

In which five-year plan was the ‘food, work, and productivity’ slogan used?

Sixth
Fifth
Fourth
Seventh

Exam	CGL (Prelims)
Year	2024
Subject	Economics
Part	3
Questions	25