CGL 2024 Prelims Economics Part 4
Quiz-summary
0 of 21 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
Information
| Exam | CGL (Prelims) |
| Year | 2024 |
| Subject | Economics |
| Part | 4 |
| Questions | 21 |
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 21 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- Answered
- Review
-
Question 1 of 21
1. Question
As per the Census of India 2011, the increase in literacy rates for males and females, respectively, as compared to 2001 Census was:
Correct
➤ Between 2001 and 2011, male literacy rose by 6.88%, and female literacy increased by 11.79%, indicating a significant improvement, especially among females.
★ This reflects positive outcomes of literacy missions and women empowerment programs.Incorrect
➤ Between 2001 and 2011, male literacy rose by 6.88%, and female literacy increased by 11.79%, indicating a significant improvement, especially among females.
★ This reflects positive outcomes of literacy missions and women empowerment programs. -
Question 2 of 21
2. Question
The CSO adopted the concept of Gross Value Added in _____.
Correct
➤ The Central Statistics Office (CSO) adopted Gross Value Added (GVA) in January 2015 to replace GDP at factor cost, aligning with international practices.
★ GVA offers a clearer picture of economic productivity by sector.Incorrect
➤ The Central Statistics Office (CSO) adopted Gross Value Added (GVA) in January 2015 to replace GDP at factor cost, aligning with international practices.
★ GVA offers a clearer picture of economic productivity by sector. -
Question 3 of 21
3. Question
Which of the following is an example of joint sector industry?
Correct
➤ Oil India Limited (OIL) is a joint sector enterprise, combining government and private sector ownership, unlike the others which are either fully public or private.
★ Joint sector industries promote collaboration between state and private entities.Incorrect
➤ Oil India Limited (OIL) is a joint sector enterprise, combining government and private sector ownership, unlike the others which are either fully public or private.
★ Joint sector industries promote collaboration between state and private entities. -
Question 4 of 21
4. Question
According to Census of India 2011, in rural India, which state has the maximum female workforce participation rate?
Correct
➤ Himachal Pradesh recorded the highest female workforce participation rate in rural India according to the 2011 Census, due to better education and employment opportunities.
★ It reflects gender-inclusive rural development.Incorrect
➤ Himachal Pradesh recorded the highest female workforce participation rate in rural India according to the 2011 Census, due to better education and employment opportunities.
★ It reflects gender-inclusive rural development. -
Question 5 of 21
5. Question
The Flexible Inflation Targeting Framework (FITF) was introduced in India post the amendment of the Reserve Bank of India (RBI) Act, 1934 in _____.
Correct
➤ The Flexible Inflation Targeting Framework (FITF) was implemented in 2016, mandating RBI to maintain inflation at 4% ±2% as part of monetary policy transparency.
★ It was based on recommendations of the Urjit Patel Committee.Incorrect
➤ The Flexible Inflation Targeting Framework (FITF) was implemented in 2016, mandating RBI to maintain inflation at 4% ±2% as part of monetary policy transparency.
★ It was based on recommendations of the Urjit Patel Committee. -
Question 6 of 21
6. Question
According to Census of India 2011, female adolescents in the age group of 10-19 years had a share of:
Correct
➤ Female adolescents (10–19 years) made up 47.3% of the adolescent population in 2011, showing a near gender parity in the young population.
★ Important for planning youth-centric and gender-balanced policies.Incorrect
➤ Female adolescents (10–19 years) made up 47.3% of the adolescent population in 2011, showing a near gender parity in the young population.
★ Important for planning youth-centric and gender-balanced policies. -
Question 7 of 21
7. Question
The government of which of the following states allocated ₹11,728 crore for the Aasara pension scheme in its annual budget for the fiscal year 2022–23?
Correct
➤ The Telangana government allocated ₹11,728 crore in 2022–23 for Aasara Pension, which provides financial support to old, disabled, widows, and others.
★ It is a major welfare scheme to reduce poverty and vulnerability.Incorrect
➤ The Telangana government allocated ₹11,728 crore in 2022–23 for Aasara Pension, which provides financial support to old, disabled, widows, and others.
★ It is a major welfare scheme to reduce poverty and vulnerability. -
Question 8 of 21
8. Question
The Government of India allowed automatic approval of _____% of FDI by Reserve Bank of India in nine categories of industries.
Correct
➤ GOI allowed automatic FDI approval up to 74% in key sectors (like defence) through RBI route, encouraging foreign investment and technology transfer.
★ This move aimed to boost domestic manufacturing and global partnerships.Incorrect
➤ GOI allowed automatic FDI approval up to 74% in key sectors (like defence) through RBI route, encouraging foreign investment and technology transfer.
★ This move aimed to boost domestic manufacturing and global partnerships. -
Question 9 of 21
9. Question
Which of the following is NOT correct regarding circular flow of income?
Correct
➤ In the circular flow model, government expenditure is an injection, but savings are considered a leakage, not an injection. So, the statement in Option A is incorrect.
★ Savings reduce spending and are not part of direct economic injections.Incorrect
➤ In the circular flow model, government expenditure is an injection, but savings are considered a leakage, not an injection. So, the statement in Option A is incorrect.
★ Savings reduce spending and are not part of direct economic injections. -
Question 10 of 21
10. Question
Which of the following is a component of the SHG-bank linkage program in India?
Correct
➤ In the SHG-bank linkage program, banks provide loans either to SHGs or directly to individual members, making Option B correct.
★ It is India’s largest microfinance program involving commercial banks, RRBs, and cooperatives.Incorrect
➤ In the SHG-bank linkage program, banks provide loans either to SHGs or directly to individual members, making Option B correct.
★ It is India’s largest microfinance program involving commercial banks, RRBs, and cooperatives. -
Question 11 of 21
11. Question
Money supply is a ____ concept.
Correct
➤ Money supply refers to the total stock of money in an economy at a given point in time, making it a stock concept.
★ In contrast, income and expenditure are flow concepts.Incorrect
➤ Money supply refers to the total stock of money in an economy at a given point in time, making it a stock concept.
★ In contrast, income and expenditure are flow concepts. -
Question 12 of 21
12. Question
The headquarters of the second Green Revolution cell was in _____.
Correct
➤ The Second Green Revolution Cell was headquartered in Patna, Bihar, focusing on agricultural development in eastern India.
★ It aimed to replicate Green Revolution success in resource-poor regions.Incorrect
➤ The Second Green Revolution Cell was headquartered in Patna, Bihar, focusing on agricultural development in eastern India.
★ It aimed to replicate Green Revolution success in resource-poor regions. -
Question 13 of 21
13. Question
When the analysis of population density is done by calculating it through net cultivated area, then the measure is termed as:
Correct
➤ Physiological density refers to population per unit of cultivable land, which is used to assess the pressure on productive land.
★ It gives a more realistic measure than overall population density.Incorrect
➤ Physiological density refers to population per unit of cultivable land, which is used to assess the pressure on productive land.
★ It gives a more realistic measure than overall population density. -
Question 14 of 21
14. Question
The green revolution technology resulted in an increase in cereal production from 72.4 million tons in 1965–66 to _____ million tons in 1978–79.
Correct
➤ Due to Green Revolution techniques, India’s cereal production rose to 131.9 million tons in 1978–79 from 72.4 million tons in 1965–66.
★ This revolution ensured food security and self-sufficiency.Incorrect
➤ Due to Green Revolution techniques, India’s cereal production rose to 131.9 million tons in 1978–79 from 72.4 million tons in 1965–66.
★ This revolution ensured food security and self-sufficiency. -
Question 15 of 21
15. Question
Match the following items.
List I List II i. Global System of Trade Preferences a. 2021 ii. India-Gulf Cooperation Council Free Trade Agreement b. 1988 iii. The India-Republic of Korea Comprehensive Economic Partnership Agreement c. 2004 iv. 7th Trade Policy Review d. 2010 Correct
➤ 1988 – GSTP among developing countries
➤ 2004 – Talks initiated with GCC
➤ 2010 – CEPA with South Korea signed
➤ 2021 – 7th TPR of India at WTO
★ Understanding such agreements is important for trade and economic policy awareness.Incorrect
➤ 1988 – GSTP among developing countries
➤ 2004 – Talks initiated with GCC
➤ 2010 – CEPA with South Korea signed
➤ 2021 – 7th TPR of India at WTO
★ Understanding such agreements is important for trade and economic policy awareness. -
Question 16 of 21
16. Question
_____ is an industry association and self-regulatory organisation (SRO) whose primary objective is to work towards the robust development of the microfinance sector.
Correct
➤ The Microfinance Institutions Network (MFIN) is a Self-Regulatory Organisation (SRO) for NBFC-MFIs, promoting responsible lending and growth of the microfinance industry.
★ Recognized by RBI to promote client protection and transparency.Incorrect
➤ The Microfinance Institutions Network (MFIN) is a Self-Regulatory Organisation (SRO) for NBFC-MFIs, promoting responsible lending and growth of the microfinance industry.
★ Recognized by RBI to promote client protection and transparency. -
Question 17 of 21
17. Question
The Working Group under the chairmanship of _____ in the year ______ proposed a new intermediate monetary aggregate to be referred to as NM2.
Correct
➤ The Working Group on Money Supply Analytics and Methodology of Compilation led by Dr. Y.V. Reddy in 1998 proposed a new monetary measure called NM2 (New Monetary Aggregate).
★ It aimed to provide a better understanding of money demand and liquidity in the economy.Incorrect
➤ The Working Group on Money Supply Analytics and Methodology of Compilation led by Dr. Y.V. Reddy in 1998 proposed a new monetary measure called NM2 (New Monetary Aggregate).
★ It aimed to provide a better understanding of money demand and liquidity in the economy. -
Question 18 of 21
18. Question
What is the primary objective of the ‘Standup India’ initiative?
Correct
➤ The Stand-Up India Scheme (launched in 2016) aims to facilitate bank loans between ₹10 lakh and ₹1 crore to SC/ST and women entrepreneurs for starting new enterprises.
★ It promotes inclusive growth and entrepreneurship in underserved sections.Incorrect
➤ The Stand-Up India Scheme (launched in 2016) aims to facilitate bank loans between ₹10 lakh and ₹1 crore to SC/ST and women entrepreneurs for starting new enterprises.
★ It promotes inclusive growth and entrepreneurship in underserved sections. -
Question 19 of 21
19. Question
According to the Census of India 2011, ‘Other Religions and Persuasions (ORP)’ comprise how much of the population?
Correct
As per the 2011 Census, around 7.9 million people belonged to Other Religions and Persuasions (ORP), such as tribal religions, nature worship, etc.
★ ORP reflects India’s religious diversity beyond major religions.Incorrect
As per the 2011 Census, around 7.9 million people belonged to Other Religions and Persuasions (ORP), such as tribal religions, nature worship, etc.
★ ORP reflects India’s religious diversity beyond major religions. -
Question 20 of 21
20. Question
According to the Census of India 2011, the percentage of adolescent population (10-19 years) from the total population is how much?
Correct
As per Census 2011, adolescents (10–19 years) made up 20.9% of India’s total population, highlighting the demographic’s significance in future planning.
★ Adolescents form a vital part of India’s demographic dividend.Incorrect
As per Census 2011, adolescents (10–19 years) made up 20.9% of India’s total population, highlighting the demographic’s significance in future planning.
★ Adolescents form a vital part of India’s demographic dividend. -
Question 21 of 21
21. Question
As per a report of the Ministry of Labour and Employment, what was the rate of unemployment in Maharashtra for the year 2021-22?
Correct
Incorrect