Bihar Economy-Sample Questions- BPSC Test Series

Q1. Under Bihar Shatabdi Unorganised Sector Workers and Artisans Social Security Scheme 2011, Bihar State Labour Welfare Society has been formed with the objective _______.

1. to provide social security to the Organized workers and artisans of the state
2. to provide social security to the unorganized workers and non- artisans of the state
3. to provide social security to the unorganized workers and artisans of the state
4. to provide social security to the unorganized including Organized workers and artisans of the state

Q2. Which of the following best describes ‘Care Economy’?

1. It is an economic system in which deliberate attention is paid to good governance policies for the dependent population.
2. It consists of the work done by women at home taking care of the household chores.
3. It is an economic system in which genuine care for people and nature is the top priority.
4. It refers to the philosophy of making investments in demographic dividend to ensure better economic results in future

Q3. The state government has initiated Chief Minister Family Benefit Scheme from 2012-13. This provides one time grant of ________in case of death, due to either accident or criminal activity

1. 10,000
2. 20,000
3. 25,000
4. 50,000

Q4. Which of the following measures can be used to reduce inflation?

1. Increasing Cash Reserve Ratio (CRR).
2. Increasing Statutory Liquidity Ratio (SLR).
3. Reducing fiscal deficit.
4. Reducing Reverse Repo Rate.

Select the correct answer using the code below.

1. 1 and 2 only
2. 1, 2 and 3 only
3. 3 and 4 only
4. 1, 2, 3 and 4

Q5. Under centrally sponsored scheme of Model Career Centres (MCC), the planned centres have been established in sub-regional Employment Exchanges at_______.

1. Patna
2. Muzaffarpur
3. Patna and Muzaffarpur
4. None of the above

Q6. Which of the following services are accounted in the Gross Domestic Product of a country?

1. services rendered by a domestic help
2. services rendered by a worker from unorganized sector
3. services produced in Indian embassies located abroad
4. services produced in military establishments located abroad

Select the correct answer using the codes given below.

1. 1 and 2 only
2. 1, 2 and 3 only
3. 2, 3 and 4 only
4. 1, 2, 3 and 4

Q7. To finance its deficit, government prefers borrowing from public over RBI. What can be the best reason for this?

1. Rate of interest charged by RBI is higher.
2. Government has to return the sum to RBI within a fixed period of time.
3. Public borrowing does not affect the money supply in the market.
4. It increases the sale of government bonds

Q8. In order to enhance the scope of skill development, _______have been selected by Bihar Skill Development Mission (BSDM) and it is being implemented by ______of the state government.

1. 149 courses and 12 Departments
2. 125 courses and 12 Departments
3. 149 courses and 15 Departments
4. 125 courses and 15 Departments

Q9. Consider the following statements:

1. The Net Domestic product can be lesser than or equal to Gross Domestic Product for the same year.
2. Gross National Product of an economy is always lesser than its Gross Domestic Product for the same year.

Which of the statements given above is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Q10. In order to expand the employment opportunities and fulfill the target of Aarthik Hal, Yuvaon ko Bal, one of the components of Saat Nischay, the state government has launched Kushal Yuva Programme on ______.

1. October 1, 2016
2. October 2, 2016
3. October 20, 2016
4. October 10, 2016

Q11. With reference to ‘Effective Revenue Deficit’, consider the following statements:

1. It was introduced on the recommendation of 13th Finance Commission.
2. It includes all the revenue expenditure done in the form of grants for creation of capital assets.
3. Grants given under MNREGA to build capital assets like roads and ponds forms part of it.

Which of the statements given above is/are correct?

1. 1 only
2. 2 and 3 only
3. 3 only
4. None

Q12. Qualified Foreign Investors (QFIs) are allowed to invest in which of the following segments of the capital market?

1. Mutual Funds
2. Equities
3. Corporate Debt

Select the correct answer using the code given below.

1. 1 and 3 only
2. 2 only
3. 2 and 3 only
4. 1, 2 and 3

Q13. Under Kushal Yuva Programme, youth between age group of ____will receive training in communication skills (Hindi and English), software skills and basic computer skills.

1. 12-25 years
2. 15-30 years
3. 15-25 years
4. 18-25 years

Q14. Consider the following pairs:

Type of Unemployment : Example

1. Structural Unemployment : An unemployed worker from cycle industry because people are buying more cars
2. Cyclical Unemployment : Unemployment due to slowdown in economy
3. Frictional Unemployment : A person leaving his job to prepare for civil services

Which of the pairs given above is/are correctly matched?

1. 1 and 2 only
2. 2 and 3 only
3. 3 only
4. 1, 2 and 3

Q15. Which of the following are the components of Balance of Payments (BoP)?

1. Financial capital transfers
2. External loan and investment
3. Foreign Institutional Investment
4. Issuing of external bonds
5. Export and Imports of Goods and Services

Select the correct answer using the code given below.

1. 1, 2 and 3 only
2. 2, 3 and 4 only
3. 1, 4 and 5 only
4. 1, 2, 3, 4 and 5

Q16. Recently, Bihar Skill Development Mission (BSDM) has been established which will run ____skill training centre in each block in the state where those skills will be imparted.

1. One
2. Two
3. Three
4. Four

Q17. Anchor Banks refer to:

1. Public Sector banks that will drive the consolidation process among the state owned banks.
2. Public Sector banks that are providing most of the infrastructural financing.
3. Pubic Sector Banks that will coordinate banking activities in a district.
4. Public Sector Banks that have been classified as Domestic Systemically Important Banks (D-SIBs)

Q18. According to 2011 Census, the Work Participation Rate (WPR), defined as the proportion of workers (main and marginal) to total population was ________in Bihar

23. 4 percent
24. 4 percent
25. 4 percent
26. 4 percent

Q19. Kuznets curve is used to explain which of the following?

1. Relationship between economic inequality against income per capita.
2. Relationship between rates of taxation and resulting levels of government revenue.
3. Relationship between household expenditure on particular good and household income.
4. Relationship between unemployment and inflation

Q20. Which of the following nominated as a nodal agency for Gender Budgeting in Bihar?

1. Women Development Council (WDC)
2. Department of Social Welfare
3. Child and Women Development Council
4. Ministry of Finance

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