UPSC Economy MCQs


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Forward from: UPSC Economy GS 3
📍PERSONAL INCOME

🔸It is the sum of all the income received by the people of the country in one year.

Personal Income = National Income + Transfer payments – Undisclosed profits of corporate + Payment for social security provisions

🔸Transfer Payments are the payments that are not against any productive work. (Example- Old Age Pension, Unemployment compensation etc.)

🔸Social Security Provisions- Payment made by employees towards PF, Insurance etc.


Forward from: UPSC Economy GS 3
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Forward from: UPSC Economy GS 3
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Forward from: UPSC Economy GS 3
70th_BPSC_2024_Prelims_Gyan_Sir_SCS_Selection_Material_Free_Free.pdf
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Which of the statement given above is/ are correct?
Poll
  •   1 only
  •   2 only
  •   both 1 and 2
  •   neither 1 nor 2
55 votes


26. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: [2010]

1. They cannot engage in the acquisition of securities issued by the government.

2. They cannot accept demand deposits like Savings Account


Forward from: UPSC Economy GS 3
70th_BPSC_2024_Prelims_Gyan_Sir_SCS_Selection_Material_Free_Free.pdf
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25. Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government? [2010]
Poll
  •   Cash Credit Ratio
  •   Debt Service Obligation
  •   Liquidity Adjustment Facility
  •   Statutory Liquidity Ratio
71 votes


Forward from: UPSC Economy GS 3
70th_BPSC_2024_Prelims_Gyan_Sir_SCS_Selection_Material_Free_Free.pdf
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Forward from: UPSC Economy GS 3
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23. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [2007]
Poll
  •   State Bank of India
  •   RBI
  •   ICICI Bank
  •   Life Insurance Corporation of India
79 votes


Forward from: UPSC Economy GS 3
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Which of the statements given above is/are correct?
Poll
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  •   2 only
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77 votes


22. Consider the following statements: [2007]

1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.

2. A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.


Forward from: UPSC Economy GS 3
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Forward from: UPSC Economy GS 3
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Forward from: UPSC Economy GS 3
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Which of the statements given above are correct?
Poll
  •   1, 2 and 3
  •   1 and 2 only
  •   2 and 3 only
  •   1 and 3 only
55 votes

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