Economics Questions & Answers (Compiled from UPSC, SSC ,PSC ,IBPS previous question papers)

• 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years.
• 2. The percentage share of Public Sector in GDP has declined in the last 10 years.

• 1. levied by the Union 
• 2. collected by the State 

• 1. Purchase and sale of shares and securities on behalf of customers. 
• 2. Acting as executors and trustees of wills.

• 1. Nationalization of Banks
• 2. Formation of Regional Rural Banks
• 3. Adoption of villages by Bank Branches

• 1. The assets in the National Investment Fund are managed by the Union Ministry of Finance.
• 2. The National Investment Fund is to be maintained within the Consolidated Fund of India.
• 3. Certain Asset Management Companies are appointed as the fund managers.
• 4. A certain proportion of annual income is used for financing select social sectors.

• 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.
• 2. As compared to Consumer Price Index – for Industrial Workers (CPI(IW)), the WPI gives less weight to food articles. 

• 1. Cutting the tax rates 
• 2. Increasing the government spending 
• 3. Abolishing the subsidies In the context of economic recession, 

• 1. Encouraging Foreign Direct Investment inflows 
• 2. Privatization of higher educational Institutions 
• 3. Down-sizing of bureaucracy 
• 4. Selling/offloading the shares of Public Sector Undertakings

• 1. Melt down                                                                 Fall in stock prices 
• 2. Recession                                                                Fall in growth rate 
• 3. Slow down                                                                 Fall in GDP 

• 1. Brazil 
• 2. Mexico 
• 3. South Africa 

• 1. They cannot engage in the acquisition of securities issued by the government. 
• 2. They cannot accept demand deposits like Savings Account. 

• 1. Development of infrastructure facilities. 
• 2. Promotion of investment from foreign sources.
• 3. Promotion of exports of services only.

• 1. A Trade Mark is an individual or a company's right whereas a Geographical Indication is a community's right. 
• 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed. 
• 3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned   to the agricultural goods/products and handicrafts only. 

Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ?