UPSC ECONOMICS SUBJECT QUIZ

UPSC Economics Subject Quiz

1 / 10

The ‘Ease of Doing Business Index’ is published by which of the following?

International Monetary Fund (IMF)

World Bank

United Nations Development Programme (UNDP)

2 / 10

Which of the following indices is used to measure income inequality?

Human Development Index (HDI)

Gini Coefficient

Gross Domestic Product (GDP)

3 / 10

The term ‘Stagflation’ refers to an economic situation characterized by:

High inflation and high unemployment

High inflation and low unemployment

Low inflation and high unemployment

4 / 10

Which of the following is not a function of the Reserve Bank of India?

) To regulate the issue of Banknotes

To provide direct loans to the public

To act as the banker's bank

5 / 10

Liberalization, Privatization, and Globalization (LPG) model’ in India was introduced as part of which economic policy?

Economic Policy of 1991

Look East Policy

New Education Policy

6 / 10

What is the primary objective of the ‘Make in India’ initiative?

To increase the GDP and tax revenue of the Indian economy

To encourage multinational and domestic companies to manufacture their products in India

To reduce India's dependency on imports

7 / 10

Which of the following schemes is aimed at providing a permanent universal basic income to all citizens?

Pradhan Mantri Jan Dhan Yojana

MGNREGA

None of the above

8 / 10

What does the term ‘GDP at Purchasing Power Parity (PPP)’ imply?

The total value of all goods and services produced within a country's borders in a specific time period.

A comparative economic measure used to estimate the relative purchasing power of different countries' currencies.

The gross domestic product calculated at the current market price.

9 / 10

In the context of Indian Economy, what does ‘Monetary Policy’ primarily focus on?

Direct Tax Reforms

Government Spending

Price Stability and Inflation Control

10 / 10

Which of the following terms describes the situation when the government’s expenditures exceed its revenue?

Deficit Financing

Fiscal Surplus

Balanced Budget

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