Check your Economics Preparation for IAS 2015


Check your Economics Preparation for IAS 2015

Check your Economics Preparation for IAS 2015

Q 1. Consider the following statements regarding the Balance of Payment of a country :

  1. The BOP is a statistical statement that comprises transactions between residents and non-residents during a period.
  2. In the compilation of BOP determination of the residence of economic entities is necessary instead of nationality.

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

(a) 1 only                             (b) 2 only

(c) Both 1 and 2                 (d) Neither 1 nor 2




Q2. Consider the following statements about 6th FYP, and choose the correct one(s):

  1. It was termed as ‘Infrastructure Plan’.
  2. The reappraised of import substitution strategy begins from it.
  3. The concept of Rolling Plan was introduced in it.

(a) 1 and 2 only                 (b) 2 and 3 only

(c) 1 and 3 only                  (d) All of the above


Q3. Insider trading refers to:

(a) Trading of goods inside the country.

(b) Purchase and sale of shares of a company by its own promoter.

(c) Trading of shares by individuals with potential access to non-public information about the company.

(d) Sale of goods produced by the Foreign investors inside the home economy.


Q4. Consider the following pairs:

Zone                                                      Means

1.Special Economic Zone                   Zones where trade laws differ                                                                from the rest of the country, with an                                                                                                                        aim to generate additional economic activity.

2.Coastal Regulation Zone                   Coastal areas which will be mapped and                                                                                                                  managed to protect livelihoods of traditional fisher folk                                                                      community.

3.Island Protection Zone                     For Andaman and Nicobar  islands and Lakshwadeep islands                                                                                only.

Which of the above given pair(s) is/are correctly matched?

(a) 1, 2 and 3                      (b) 1 and 2 only

(c) 2 and 3 only                  (d) 1 only

Q5. In the context of 12th five year plan, consider the following statements:

  1. It aims at faster, sustainable and more inclusive growth.
  2. Growth rate target has been reduced from 9% to 7.2%.
  3. Agriculture growth target has been pegged at 5%.
  4. Poverty ratio is to be brought down to 10%.


Which of the above given statements is/are correct?

(a) 1 and 2 only                                 (b) 1, 3 and 4 only

(c) 1 and 4 only                  (d) 1, 2 and 3 only

Answer key

Q ans
1 c
2 c
3 c
4 a
5 c


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