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BPSC Prelims GS Practice Test - 10
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Subject: Economy
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Question 1 of 5
1. Question
1 pointsMixed economy means :
Correct
A mixed economic system is a system that combines aspects of both capitalism and socialism.
Mixed economy is one in which both public and private enterprises exist together, with some level of freedom to utilize capital for profit making. However, government interference is expected to achieve social aims.Incorrect
A mixed economic system is a system that combines aspects of both capitalism and socialism.
Mixed economy is one in which both public and private enterprises exist together, with some level of freedom to utilize capital for profit making. However, government interference is expected to achieve social aims.Unattempted
A mixed economic system is a system that combines aspects of both capitalism and socialism.
Mixed economy is one in which both public and private enterprises exist together, with some level of freedom to utilize capital for profit making. However, government interference is expected to achieve social aims. -
Question 2 of 5
2. Question
1 pointsThe first Indian State to have its Human Development Report prepared and released by Amartya Kumar Sen in Delhi is :
Correct
Madhya Pradesh was the first state to have calculated Human Development Report in 1995, under the guidance of Prof. Amartya Sen.
Incorrect
Madhya Pradesh was the first state to have calculated Human Development Report in 1995, under the guidance of Prof. Amartya Sen.
Unattempted
Madhya Pradesh was the first state to have calculated Human Development Report in 1995, under the guidance of Prof. Amartya Sen.
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Question 3 of 5
3. Question
1 pointsWho coined the term ‘Hindu rate of growth’ for Indian Economy?
Correct
The term was coined by Prof Raj Krishna who argued at one of his lectures in the late 70s that “..no matter what happens to the economy the trend growth rate in India will be 3.5%”. It was later used by a few economists to link the low growth rate of the 50s-80s period to Hindu beliefs of “Karma” & “Bhagya”.
Incorrect
The term was coined by Prof Raj Krishna who argued at one of his lectures in the late 70s that “..no matter what happens to the economy the trend growth rate in India will be 3.5%”. It was later used by a few economists to link the low growth rate of the 50s-80s period to Hindu beliefs of “Karma” & “Bhagya”.
Unattempted
The term was coined by Prof Raj Krishna who argued at one of his lectures in the late 70s that “..no matter what happens to the economy the trend growth rate in India will be 3.5%”. It was later used by a few economists to link the low growth rate of the 50s-80s period to Hindu beliefs of “Karma” & “Bhagya”.
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Question 4 of 5
4. Question
1 pointsWhich among the following has the highest weightage in Index of 8 Core Industries?
Correct
Index of 8 Core Industries
compiled and released by Office of the Economic Adviser (OEA), Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry
The eight infrastructure sectors, constitute 40.27% of the total index of industrial production (IIP).Revised weight-age in core sectors:
Petroleum Refinery production (weight: 28.04%)
Electricity generation (19.85%)
Steel production (17.92%)
Coal production (10.33%)
Crude Oil production (8.98%)
Natural Gas production (6.88%)
Cement production (5.37%)
Fertilizers production (2.63%)Incorrect
Index of 8 Core Industries
compiled and released by Office of the Economic Adviser (OEA), Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry
The eight infrastructure sectors, constitute 40.27% of the total index of industrial production (IIP).Revised weight-age in core sectors:
Petroleum Refinery production (weight: 28.04%)
Electricity generation (19.85%)
Steel production (17.92%)
Coal production (10.33%)
Crude Oil production (8.98%)
Natural Gas production (6.88%)
Cement production (5.37%)
Fertilizers production (2.63%)Unattempted
Index of 8 Core Industries
compiled and released by Office of the Economic Adviser (OEA), Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry
The eight infrastructure sectors, constitute 40.27% of the total index of industrial production (IIP).Revised weight-age in core sectors:
Petroleum Refinery production (weight: 28.04%)
Electricity generation (19.85%)
Steel production (17.92%)
Coal production (10.33%)
Crude Oil production (8.98%)
Natural Gas production (6.88%)
Cement production (5.37%)
Fertilizers production (2.63%) -
Question 5 of 5
5. Question
1 pointsThe GDP growth rate of India in 2018-19 was
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