Mock Test

Exam: BPSC Subject: General Studies Topic: Economics

Total Questions: 20

Q1. The Bihar budget is presented for which financial year?

Calendar year Financial year (April 1st to March 31st) Monsoon season Winter months
Q2. The 'Blue Revolution' in India is related to the development and promotion of:

Dairy production Poultry farming Fisheries and aquaculture Horticulture
Q3. A significant increase in public debt can potentially lead to:

Lower interest rates Reduced inflation Higher interest payments for the government Increased private investment
Q4. Discouraged workers are:

People who have just started looking for a job. People who have found a new job quickly. People who have given up looking for a job. People who work part-time but want full-time work.
Q5. Which initiative focuses on improving India's digital infrastructure by promoting broadband connectivity in rural areas?

Smart Cities Mission Digital India National Optical Fibre Network (NOFN) / BharatNet Ayushman Bharat
Q6. Remittances sent by citizens working abroad are recorded in the:

Capital Account Financial Account Current Account Trade Balance
Q7. Which marketing strategy aims to create a unique place for a product in the consumer's mind?

Market Penetration Product Development Market Segmentation Product Positioning
Q8. Policies promoting inclusive growth often focus on:

Regressive taxation Strengthening social safety nets Reducing public spending on healthcare Discouraging microfinance
Q9. The concept of 'structural unemployment' in the Indian context is most closely associated with:

Cyclical downturns in economic activity. Mismatch between the skills of the workforce and the demands of the labor market. Voluntary unemployment due to high reservation wages. Seasonal fluctuations in agricultural employment.
Q10. The concept of 'weak sustainability' in environmental economics implies that:

Natural capital can be substituted by manufactured capital without loss of welfare. Natural capital is irreplaceable and must be preserved in its natural state. Economic growth is impossible without degrading the environment. Environmental protection is only necessary in the short term.
Q11. Which of the following is a condition often attached to IMF loans?

Mandatory investment in renewable energy projects Implementation of structural adjustment policies Reduction in military spending Commitment to join a specific trade bloc
Q12. What is the opposite of contractionary monetary policy?

Fiscal policy Expansionary monetary policy Trade policy Exchange rate policy
Q13. When the marginal product of labor is at its maximum, the marginal cost of production is:

At its minimum. At its maximum. Equal to average variable cost. Equal to average total cost.
Q14. Which of the following is a major import category that significantly contributes to India's trade deficit?

Pharmaceuticals Machinery and Electrical Equipment Gems and Jewellery Textiles
Q15. The policy on 'Organic Farming Promotion' in Bihar aims to:

Increase the use of chemical fertilizers Develop and promote chemical-free farming practices Restrict the sale of organic produce Discourage traditional farming methods
Q16. If the government provides a subsidy for the production of a good, what is the likely effect on the market?

Supply decreases, price increases. Demand increases, price decreases. Supply increases, price decreases. Demand decreases, price increases.
Q17. Which of the following is a quantitative tool of monetary policy?

Moral suasion Margin requirements Open Market Operations Publicity
Q18. What is an example of a 'want' in economics?

Water Shelter A new video game Air
Q19. The role of 'infrastructure' in economic development is to:

Hinder industrial growth by increasing costs Facilitate trade, communication, and productivity Solely benefit the agricultural sector Isolate regions and create economic disparities
Q20. Economic development is generally considered a broader concept than economic growth because it includes:

Only increases in the quantity of goods and services produced Improvements in living standards, social progress, and institutional change Focus solely on GDP growth Emphasis on technological advancements alone

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