INSIGHT UPSC QUIZ

Globalisation is the process of rapid integration or interconnection between countries. Which of the following factors enable/influence the process of globalisation?

1. Increasing foreign trade.

2. Improvement in technology. 

3. Reduction in trade barriers. 

4. Need for skilled persons.

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Consider the following statements:

1. In 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was devalued against foreign currencies.

2. Devaluation is done in order to encourage imports and increase the inflow of foreign currency in an economy.

Which of the statement(s) given above is/are correct?

In 1991, Indian government introduced a new set of policy measures which changed the direction of our economy. Which among the following were immediate reasons for such a landmark decision?

Poverty is the lack of income and productive resources to ensure sustainable livelihoods. Which among the following are tools/methods used for estimation of poverty in India?

1. Sen Index

2. Poverty Gap Index 

3. Gini Coefficient

4. Inverted Poverty Gap

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The British introduced the railways in India in 1850 and it is considered as one of their most important contributions. In which of the following way(s) the railways affected the economic structure of the India?

1. It enabled people to break geographical and cultural barriers.

2. It fostered commercialisation of Indian agriculture.

Which of the statement(s) given above is/are correct?

 The Budget documents presented to the Parliament, besides the Finance Minister’s Budget Speech, include:

1. Expenditure Budget.

2. Receipt Budget.

3. Expenditure Profile.

4. Output Outcome Monitoring Framework.

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Arrange the following ‘Non-Tax Revenue’ sources of the Union Government in decreasing order: 

1. Dividends and Profits. 

2. Interest receipts. 

3. Receipts of Union Territories.

4. External Grants.

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In context of Indian Economy, New Economic Policy (NEP) announced in 1991 by the central government consisted of wide-range of economic reforms which included:

1. Removal of trade restrictions.

2. Promoting overall competitiveness by removing rigidities in various central ministries.

3. Bringing inflation under control.

4. Increasing the output of goods and services.

Which of the statement(s) given above is/are correct with reference to New Economic Policy?

Arrange the following sources of earning of Union Government of India in decreasing order:

1. Custom duties.

2. Non-Tax Revenue.

3. Non-Debt Capital Receipts.

4. Union Excise Duties.

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Money is accepted as a medium of exchange because the given currency is authorised by the government of the country. Which among the following are modern forms of money/currency?