2K23

Q.1 Which of the following is correct about the Eighth Five Year Plan?

• The largest source of financing the public sector outlay comes from government borrowings

• It has comparatively lesser outlay when compared to the earlier plans

• It gave priority to infrastructural growth

• None of the above

Unemployment which occurs while a worker switches from one job to another is called as:

a.       Search unemployment

b.      Frictional unemployment

c.       Seasonal unemployment

d.      Cyclical unemployment

• Only b

• Only b & c

• Only b & a

• Only c

India has experienced persistent and high food inflation in the recent past. What could be the reasons?

1.      Capital flight may result from the federal reserve’s stringent monetary policy.

2.      Capital flight may increase the interest cost of firms with existing External Commercial Borrowings (ECBs).

3.      Depreciation of domestic currency decreases the currency risk associated with ECBS

Which of the statements given above are correct?.

• 1 and 2 only

• 2 and 3 only

• 1 and 3 only

• 1, 2 and 3

Zero marginal productivity of labour occurs in

•      Technological unemployment

• Structural unemployment

• Seasonal unemployment

• None of the Above

Which of the following are related to the distribution of income and inequality in society?

• Gini coefficient and the Laffer Curve

• Gini Ratio and Lorenz Curve

• Multidimensional poverty index

• None of the above

One of the following is not an important pillar of human development

1.      Per Capita Income

2.      National Income

3.      Education

4.      Inclusion and Equity

• Only 1 and 2

• Only 2 and 3

• Only 1 and 4

• Only 2 and 4

A country is said to be in debt-trap if

1.      It has to abide by the conditionalities imposed by the international monetary fund.

2.      It has been refused loans or aid by creditors abroad

3.      If it has very low forex reserves to cover its expenses

4.      It has to borrow to make interest payments on outstanding loans.

• Only 1 and 2

• Only 3 and 4

• Only 2 and 3

• Only 1 and 4

Arrange the ministries from highest to lowest in terms of amount of money allocation as per budget 2023 – 24.

1.      Ministry of Railways

2.      Ministry of Home Affairs

3.      Ministry of Defense

4.      Ministry of Chemicals and fertilizers

• 1, 2, 3, 4

• 4, 2, 1, 3

• 1, 2, 4, 3

• 3, 1, 2, 4

Consider the statements regarding the UNDP’s Global MPI:

1.      Dimensions for measuring include: Education, health and standard of living.

2.      Standard of living dimension is based on seven indicators.

3.      All the indicators are given equal weight.

Which among the following(s) statements is/are correct?

• 1 and 2 only

• 2 and 3 only

• 1 and 3 only

• 1, 2 and 3

Which among the following is/are related to school education launched during FY23 in India?

1.      Pilot project of Balvatika

2.      Toy-based pedagogy

3.      National Credit framework

4.      Vidyanjali

5.      PM Special Scholarship Scheme

• 1, 2, 3, 4 and 5

• 1, 3, 4 and 5

• 1, 2, 3 and 4

•    1, 3,4 and 5