CHSL 2022 Prelims Economics Part 2
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Exam: CHSL (Prelims)
Year: 2022
Subject: Economics
Total Questions: 59
Part: 2 (25 Questions)
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Question 1 of 25
1. Question
Which of the following statements is correct regarding the demand curve?
I. It is a graphical representation of the demand function.
II. It gives the quantity demanded by the consumer at each price.Correct
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Question 2 of 25
2. Question
Which among the following is the oldest stock exchange in India?
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Question 3 of 25
3. Question
The commercial banks of India have to maintain a minimum percentage of cash, gold and other securities before lending loans to its customers. This is called the ____.
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Question 4 of 25
4. Question
Which type of seeds played an important role in Green Revolution in India?
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Question 5 of 25
5. Question
In the given expression of GDP according to the expenditure method, which of the following represents the aggregate imports expenditure incurred by the economy?
C + I + G + X – M
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Question 6 of 25
6. Question
In India, the electoral bonds are valid for how many days from the date of issue?
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Question 7 of 25
7. Question
The second five-year plan of India focused on _____.
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Question 8 of 25
8. Question
Which of the following statements is NOT correct with respect to the poverty line?
I. In India, it is normally estimated after every ten years.
II. The proportion of people below poverty line is not same for all social groups and economic categories in India.Correct
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Question 9 of 25
9. Question
The collection of all bundles that the consumer can buy with her income at the prevailing market prices is called the ____.
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Question 10 of 25
10. Question
The monetary policy instrument called ‘bank rate’ is aligned to ____.
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Question 11 of 25
11. Question
The simultaneous shifts of both the demand curve and the supply curve can happen in which of the following ways?
I. Supply curve shifts leftward and demand curve shifts rightward.
II. Both supply and demand curves shift leftwards.
III. Supply curve shifts rightward and demand curve shifts leftward.Correct
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Question 12 of 25
12. Question
____ is a legal declaration of a person who is unable to pay off debts.
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Question 13 of 25
13. Question
Which of the following statements is correct regarding the government securities in the economy?
I. It is a tradeable instrument issued by the Central Government or the State Governments.
II. They are called risk-free gilt-edged instruments.Correct
Incorrect
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Question 14 of 25
14. Question
Considering the five-year plans of India, which of the following is correct matched?
I. Rolling Plan – Introduced before Sixth Five-Year Plan
II. Mahalanobis Plan – Second Five-Year PlanCorrect
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Question 15 of 25
15. Question
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is an employment scheme that was launched in 2005 to provide social security by guaranteeing a minimum of ________ days paid work per year to all the families whose adult members opt for unskilled labour-intensive work.
Correct
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Question 16 of 25
16. Question
Which of the following statements is correct regarding the marginal utility of a commodity?
I. It is the change in total utility due to consumption of one additional unit of a commodity.
II. It diminishes with increase in consumption of the commodity.Correct
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Question 17 of 25
17. Question
Which among the following is the correct way to express change of inventories of a firm during a year?
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Question 18 of 25
18. Question
In which year was the Insurance Regulatory and Development Authority of India set up?
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Question 19 of 25
19. Question
Macroeconomics deals with which of the following studies?
I. Reasons behind the unemployment of resources
II. Determination of total outputCorrect
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Question 20 of 25
20. Question
Law of Demand states that, there is a negative relationship between ____.
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Question 21 of 25
21. Question
Consider the given consumption function of country X and answer the following question.
C = 100 + 0.8Y
What is the value of autonomous consumption (A) and marginal propensity to consume (MPC) in the given equation?
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Question 22 of 25
22. Question
A bank that has a paid-up capital of ____ and above qualifies for the schedule bank category as listed in the RBI Act 1934.
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Question 23 of 25
23. Question
Personal income of households can be calculated in which of the following ways?
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Question 24 of 25
24. Question
What were the primary goals of the five-year plans in India?
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Question 25 of 25
25. Question
Which of the following statements is correct regarding the production possibility frontier?
I. It gives the combinations between two goods that can be produced when the resources of the economy are fully utilised.
II. It illustrates the production possibilities of the economy.Correct
Incorrect