INSIGHT UPSC QUIZ

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?

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?

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?

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.

Select the correct answer using the code given below.

With reference to pre-liberalisation era, which of the following factors were responsible for underdevelopment and stagnation of the Indian economy?

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.

Select the correct answer using the code given below:

Which of the following should be the focus areas in order to bring about comprehensive rural development in India?

In 1950, the Planning Commission was set up with the Prime Minister as its Chairperson. The era of five-year plans had begun. Which of the statements given below correctly defines the goals of the five-year plans?

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

Select the correct answer using the code given below:

In context of LPG reforms ushered in the Indian economy AFTER 1991, consider the following statements:

1. The reform policies led to the establishment of private sector banks, Indian as well as foreign.

2. The financial sector was allowed to take decisions on many matters without consulting the RBI. 

3. Foreign Institutional Investors (FIIs) were denied permission to invest in Indian financial markets. 

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