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# Quiz on Indian Economy for UPSC Civil Service Exams

If the covariance of two variables is equal to the product of the standard deviations of the variables, then the correlation coefficient will be?
-1
+1
0
Between 0 and -1

According to the Planning Cornmission, for infrastructure development during Eleventh Five Year Plan, the required investment is?
Approximately \$ 250 billion
Approximately \$ 500 billion
Approximately \$ 750 billion
Approximately \$ 1000 billion

In the year 2007-08 the per capita NNP at current prices was?
More than Rs. 20,000
More than Rs. 30,000
More than Rs. 40,000
More than Rs. 50,000

Four heads of expenditure of the Union Budget 2009-10 are given below:

1. Plan expenditure
2. Non-plan expenditure
3. Revenue expenditure
4. Capital expenditure

Arrange the expenditure heads in descending order using the codes given below:
2,3,4,1
3,4,2, 1
3,2,1,4
2,1,4,3

The index of Financial Inclusion has been launched for the first time in 2008 by?
Confederation of Indian Industries (CII)
Federation of Indian Chamber of Commerce and Industry (FICCI)
National Council of Applied Economic Research (NCAER)
Indian Council for Research on International Economic Relations (ICRIER)

The shape of a frequency curve cannot be?
U-shaped
V Shaped
J-shaped
S-shaped

Which one of the following is not a feature of current Indian Planning?
Structural Planning
Indicative Planning
Functional Planning
Decentralised Planning

The term ‘Animal Spirit’ was used by Keynes for?
Consumption
Investment
Income
Interest

Mathematics was first used economic theory by?
Weiser
Walras
Cournot
Pigou

Which of the following is average of second order?
Arithmetic mean
Geometric mean
Second quartile
Standard deviation

The user cost of capital is?
The real rate of interest plus the rate of depreciation
The nominal rate of interest plus the rate of depreciation
The real rate of interest only
The nominal rate of interest only

Which of the following is pure unit less number?
Mathematical average
Statistical average
Absolute measure of dispersion
Relative measure of dispersion

The number of items reserved for the exclusive manufacture by micro and small enterprises is currently?
Less than 25
Less than 50
Less than 75
Less than 100

The elasticity of factor substitution for constant elasticity substitution production function is always?
Zero
One
A positive value
A negative value

The Revealed Preference theory assumes?
Weak ordering
Strong ordering
Constant ordering
Multiple ordering

India’s first port-based Special Economic Zone named Inter national Container Transshipment Terminal (ICTI) is being set-up at?
Kandla
Kochi
Goa
Tuticorin

The Keynesian theory of employment provides the solution of?
Frictional unemployment
Disguised unemployment
Cyclical unemployment
Seasonal unemployment

The concept of disinvestment was introduced by?
Friedman
Kaldor
Keynes
Myrdal

Which average is most affected by the extreme observations?
Arithmetic mean
Geometric mean
Median
Mode

India’s foreign exchange rate system is?
Free float
Managed float
Fixed
Fixed target of band

As per BASEL-II norms, a bank’s capital to risk weighted assets ratio (CRAR) should be at least?
8%
10%
12%
14%

The terms ‘NEER’ and ‘REER’ are related with?
Foreign exchange rate
External economic resources
National and regional economic equality
Environmental regulation

For the calculation of percentile, the data should be arranged in?
Ascending order
Descending order
Random order
Either random or descending order

The concept of ‘costing margin’ in the pricing theory was introduced by?
Andrews
Baumol
Cournot
Williamson

A new housing price index RESIDEX has been launched by?
Planning Commission
Housing Development Finance Corporation
National Housing Bank
Central Statistical Organization