CDS Indian Economy 3

Question 1

The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched primarily to achieve:

Accepted Answer

Financial inclusion for all households

Answer

Universal health coverage

Answer

Free education for rural children

Answer

Subsidised food for below-poverty-line families

Question 2

Which institution is known as the 'lender of last resort' in India?

Accepted Answer

Reserve Bank of India

Answer

State Bank of India

Answer

NABARD

Answer

SIDBI

Question 3

India's economic liberalisation reforms were initiated in which year?

Accepted Answer

1991

Answer

1985

Answer

1989

Answer

1995

Question 4

The National Rural Employment Guarantee Act (NREGA) guarantees how many days of wage employment per year to rural households?

Accepted Answer

100 days

Answer

50 days

Answer

75 days

Answer

150 days

Question 5

What is the meaning of 'Fiscal Deficit'?

Accepted Answer

Difference between total revenue and total expenditure of the government excluding borrowings

Answer

Excess of exports over imports

Answer

Excess of government revenue over expenditure

Answer

Difference between money supply and demand

Question 6

Which sector contributes the highest percentage to India's GDP?

Accepted Answer

Services sector

Answer

Agriculture sector

Answer

Industrial sector

Answer

Mining sector

Question 7

The term 'Balance of Payments' (BoP) refers to:

Accepted Answer

Record of all economic transactions between a country and the rest of the world

Answer

Balance between rural and urban incomes

Answer

Difference between imports and exports only

Answer

Government's budgetary balance between revenue and expenditure