# 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