Daily GS Foundation MCQs - SthaapnaEconomy Previous Year QuestionsIAS Previous Year QuestionsSthaapana – January 2019Sthaapana – January 2019 – Week 3

IAS Previous Year ECONOMY Questions – Lecture – 1 – STHAAPNA Series

Chapter - Growth and Development

IAS Previous Year ECONOMY Questions – Lecture – 1

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Q.1) Despite being a high saving economy, capital formation may not result in significant increase in output due to: (2018)

a) weak administrative machinery

b) illiteracy

c) high population density

d) high capital output ratio


Q.2) The main reason for low growth rate in India, inspite of high rate of savings and capital formation is (1995) 

a) high birth rate

b) low level of foreign investment

c) low capital output ratio

d) high capital output ratio


Q.3) Human capital formation as a concept is better explained in terms of a process, which enables (2018)

1. individuals of a country to accumulate more capital.

2. increasing the knowledge, skill levels and capacities of the people of the country.

3. accumulation of tangible wealth.

4. accumulation of intangible wealth.

Which of the statements given above is/are correct? 

a) 1 and 2

b) 2 only

c) 2 and 4

d) 1, 3 and 4


Q.4)  Increase in absolute and per capita real GNP do not connote a higher level of economic development, if (2018) 

a)  industrial output fails to keep pace with agricultural output.

b) agricultural output fails to keep pace with industrial output.

c) poverty and unemployment increase.

d) imports grow faster than exports.


Q.5) Which of the following gives ‘Global Gender Gap Index’ ranking to the countries of the world? (2017) 

a) World Economic Forum

b) UN Human Rights Council

c) UN Women

d) World Health Organization


Q.6) Which of the following is/are the indicator/indicators used by IFPRI to compute the Global Hunger Index Report? (2016)

1) Undernourishment

2) Child stunting

3) Child mortality

Select the correct answer using the code given below: 

a) 1 only

b) 2 and 3 only

c) 1,2 and 3

d) 1 and 3 only


Q.7) With reference to Indian economy, consider the following statements: (2015)

1) The rate of growth of real Gross Domestic Product has steadily increased in the last decade.

2) The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.

Which of the statements given above is/are correct? 

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2


Q.8) Pradhan Mantri Jan Dhan Yojana has been launched for : (2015) 

a) providing housing loan to poor people at cheaper interest rates

b) promoting women’s Self Help Groups in backward areas

c) promoting financial inclusion in the country

d) providing financial help to marginalised communities


Q.9) The national income of a country for a given period is equal to the (2013) 

a) total value of goods and services produced by the nationals

b) sum of total consumption and investment expenditure

c) sum of personal income of all individuals

d) money value of final goods and services produced


Q.10) Economic growth in country X will necessarily have to occur if : (2013) 

a) there is technical progress in the world economy

b) there is population growth in X

c) there is capital formation of X

d) the volume of trade grows in the world economy

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