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TEST BOOKLET
INSTRUCTIONS
1. IMMEDIATELY AFTER THE COMMENCEMENT OF THE EXAMINATION, YOU SHOULD CHECK THAT THIS BOOKLET
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2. ENCODE CLEARLY THE TEST BOOKLET SERIES A, B, C OR D AS THE CASE MAY BE IN THE APPROPRIATE PLACE IN
THE ANSWER SHEET.
3. You have to enter your Roll Number on the Test Booklet in the Box
provided alongside. Do NOT write anything else on the Test Booklet.
4. This Test Booklet contains 100 items (Questions). Each item is printed in English. Each item comprises four
responses (answers). You will select the response which you want to mark on the Answer Sheet. In case you
feel that there is more than one correct response with you consider the best. In any case, choose ONLY ONE
response for each item.
5. You have to mark all your responses ONLY on the separate Answer Sheet provided. See direction in the
answers sheet.
6. All items carry equal marks. Attempt all items. Your total marks will depend only on the number of correct
responses marked by you in the answer sheet. For every incorrect response 1/3rd of the allotted marks will be
deducted.
7. Before you proceed to mark in the Answer sheet the response to various items in the Test booklet, you have to
fill in some particulars in the answer sheets as per instruction sent to you with your Admission Certificate.
8. After you have completed filling in all responses on the answer sheet and the examination has concluded, you
should hand over to Invigilator only the answer sheet. You are permitted to take away with you the Test
Booklet.
9. Sheet for rough work are appended in the Test Booklet at the end.
investors that are not registered with price on inflation in India, consider the
2. The investors enjoy the voting rights in 1. It has benefited urban consumers more
Which of the statements given above is/are more than the CPI (fuel) component.
Select the answer using the correct
correct?
code given below.
(a) 1 only
(a) 1 only
(b) 2 only
(b) 2 only
(c) Both 1 and 2
(c) Both 1 and 2
(d) Neither 1 nor 2
(d) Neither 1 nor 2
8. With reference to Foreign Institutional 11. With reference to the Micro, Small and
Investors (FIIs), consider the following Medium Enterprises in India, consider the
statements: following statements:
1. A foreign investment to acquire more
1. They are categorised on the basis of net
than 10% shares of a company is
profit and number of persons
categorised as Foreign Institutional
employed.
Investment.
2. FIIs can invest only in companies listed 2. Government has reserved certain items
on the stock exchange. to be manufactured exclusively by
Which of the following statements given MSME sector.
above is/are correct? Which of the statements given above is/are
(a) 1 only correct?
(b) 2 only (a) 1 only
(c) Both 1 and 2 (b) 2 only
(d) Neither 1 nor 2 (c) Both 1 and 2
(d) Neither 1 nor 2
9. Which of the following steps can help in
making domestic production of steel
12. Nutrient based subsidy scheme covers
sustainable?
which of the following fertilizers?
1. Decreasing basic customs duties on
1. Urea
certain primary iron and steel products.
2. Imposing anti-dumping duties on steel 2. Phosphatic fertilisers (P)
imported from other nations. 3. Potassic fertilisers (K)
Select the correct answer using the code Select the correct answer from the code
given below: given below.
(a) 1 only (a) 1 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3
3 www.visionias.in Vision IAS
13. Consider the following points of differences 16. With reference to Urea, consider the
between a share and a debenture: following statements:
1. While a share capital is the credit to the 1. It is the most produced and most
company, a debenture is an ownership imported fertiliser in India.
capital. 2. The subsidy on urea is provided only for
2. While dividend is paid on shares, agricultural purposes and not for
interest is paid on debentures. industrial purposes.
Which of the statements given above is/are Which of the statements given above is/are
correct?
correct?
(a) 1 only
(a) 1 only
(b) 2 only
(b) 2 only
(c) Both 1 and 2
(c) Both 1 and 2
(d) Neither 1 nor 2
(d) Neither 1 nor 2
Which of the statements given above is/are Which of the statements given above is/are
correct? correct?
(a) 1 only (a) 1 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) Both 1 and 2
(d) Neither 1 nor 2 (d) Neither 1 nor 2
6 www.visionias.in Vision IAS
31. For which of the following industries is 34. Which of the following commodities falls
Industrial Licensing compulsory? under the purview of Essential Commodities
1. Distillation and brewing of alcoholic Act for price regulation by government?
drinks. 1. Petroleum products
2. Railway transport 2. Edible oil
3. Drugs and Pharmaceuticals 3. Pulses
4. Atomic energy
4. Rice
5. Electronic Aerospace and Defence
Select the correct answer using the codes
equipment
given below
Select the correct answer using the code
(a) 1 only
given below.
(b) 2 and 4 only
(a) 1, 3 and 5 only
(c) 1, 2 and 4 only
(b) 1 and 4 only
(c) 2, 4 and 5 only (d) 1, 2, 3 and 4
(d) 3, 4 and 4 only
35. Which of the following initiatives have
32. Which of the following is/are part of helped to increase the agricultural
transfer payments? productivity in India?
1. Payment for Services provided abroad 1. Supply of High Yield Variety (HYV) seeds
2. Donations from abroad 2. Supply of chemical fertilizers
3. Remittance 3. Improved irrigation methods
Select the correct answer using the code Select the correct answer using the code
given below. given below.
(a) 1 and 2 only (a) 1 only
(b) 1 and 3 only (b) 1 and 2 only
(c) 2 only (c) 2 and 3 only
(d) 2 and 3 only
(d) 1, 2 and 3
38. Which of the following can be used to 41. Which of the following is/are characteristics
finance Current Account Deficit (CAD)? of a capitalist system of economy?
1. Sale of reserves of foreign currencies
1. Income equality
and securities
2. Production for profit
2. Payment of foreign transactions in gold
3. Minimal government intervention
3. External loans from IMF
Select the correct answer using the code Select the correct answer using the code
given below. given below.
(a) 1 and 2 only (a) 1 and 2 only
(b) 1 only (b) 2 and 3 only
(c) 2 and 3 only
(c) 3 only
(d) 1, 2 and 3
(d) 1, 2 and 3
(c) 2 only
Select the correct answer using the code
(d) 1, 2 and 3 given below.
(a) 1, 2 and 3 only
50. Consider the following statements with (b) 1 and 4 only
Which of the statements given above is/are 3. It distributes subsidized food items only.
Which of the statements given above is/are
correct?
correct?
(a) 1 only
(a) 1 and 3 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) None
17 www.visionias.in Vision IAS
95. In the context of Indian economy, which of 98. With reference to a socialist society,
the following constitute export of services? consider the following statements:
1. An Indian tourist visiting Mauritius. 1. The production of goods is based on the
2. Bharti Airtel setting up its operations in purchasing capacity of the people.
Africa. 2. The factors of production are owned by
3. An Indian IT company selling software both government and the private
to a Chinese firm. sector.
4. A Canadian national visiting India for 3. There is greater competition among
liver transplant. producers which results in increased
Select the correct answer using the code efficiency.
given below. Which of the statements given above is/are
(a) 1, 2, and 3 only correct?
(b) 4 only (a) 1 and 2 only
(c) 2, 3 and 4 only (b) 1 only
(d) 2 and 4 only (c) 2 and 3 only
(d) None
96. Which of the following is/are the
recommendations of 14th finance 99. Which among the following correctly
commission? defines the term dependency ratio?
1. Increasing the share of states in the (a) It is the ratio of population dependent
central divisible tax pool on the agricultural sector.
2. Replacement of FRBM act with Debt (b) It is the ratio of children below the age
Ceiling and Fiscal Responsibility of 15 and older persons above 65 years
legislation. to the working age population.
3. Remove the distinction between special (c) It is the ratio of the population below
and general category states for tax the poverty line.
devolution purposes. (d) It is the number of persons unemployed
Select the correct answer using the codes per thousand persons.
given below.
(a) 1 only
100. Consider the following statements with
(b) 1 and 2 only
respect to Real Exchange Rate:
(c) 2 and 3 only
1. It is calculated by adjusting the nominal
(d) 1, 2 and 3
exchange rate with purchasing power
parity between the two countries.
97. Which of the following is the most likely 2. If the real exchange rate rises above
impact of an increase in interest rates of
one, it means that goods at home have
bonds in India, if there is no restriction on
become more expensive than goods
buying of bonds by foreigners?
abroad.
(a) It will result in an appreciation of the
Which of the statements given above is/are
rupee.
correct?
(b) It will result in a depreciation of the
(a) 1 only
rupee.
(b) 2 only
(c) Exchange rates will remain unchanged.
(c) Both 1 and 2
(d) Rupee will depreciate initially and then
(d) Neither 1 nor 2v
appreciates.