1. Which of the following is NOT a component of GDP calculated by the expenditure method? (a) Consumption expenditure (b) Investment expenditure (c) Government expenditure (d) Net exports (e) Depreciation
2. Real GDP refers to: (a) GDP at current prices (b) GDP adjusted for inflation (c) GDP at constant prices (d) Both (b) and (c)
3. The Human Development Index (HDI) measures: (a) Only economic growth (b) Life expectancy, education, and income (c) Only health and education (d) Only income and health
4. Sustainable development aims to: (a) Focus solely on economic growth (b) Balance economic growth with environmental protection and social equity (c) Prioritize environmental protection over economic growth (d) Limit economic growth to preserve the environment

Indian Economy & Planning:

1. The NITI Aayog replaced which institution? (a) Planning Commission (b) Finance Commission (c) National Development Council (d) Reserve Bank of India
2. Which of the following is NOT a goal of NITI Aayog? (a) Cooperative federalism (b) Bottom-up planning (c) Top-down planning (d) Sustainable Development Goals
3. The primary objective of the Monetary Policy of RBI is to: (a) Control inflation (b) Promote economic growth (c) Manage foreign exchange reserves (d) All of the above
4. Fiscal policy refers to the government’s decisions regarding: (a) Taxation and expenditure (b) Interest rates (c) Money supply (d) Foreign exchange rates
5. The Goods and Services Tax (GST) is a: (a) Direct tax (b) Indirect tax (c) Progressive tax (d) Regressive tax
6. Which committee is related to agricultural credit in India? (a) Urjit Patel Committee (b) B.S. Sivaramann Committee (c) C. Rangarajan Committee (d) Nachiket Mor Committee

Money & Banking:

1. The repo rate is the rate at which: (a) Banks lend money to the RBI (b) RBI lends money to banks (c) Banks borrow money from each other (d) RBI borrows money from banks
2. Which of the following is a tool of monetary policy? (a) Repo rate (b) Cash Reserve Ratio (CRR) (c) Statutory Liquidity Ratio (SLR) (d) All of the above
3. Inflation is a situation where: (a) Prices of goods and services fall (b) Purchasing power of money increases (c) Prices of goods and services rise (d) Unemployment decreases
4. What is the meaning of ‘Quantitative Easing’? (a) Increasing interest rates to curb inflation. (b) A monetary policy where a central bank injects liquidity into the market by purchasing assets. (c) Reducing government spending. (d) Increasing taxes.
5. What is the role of NABARD? (a) Providing refinance support for agriculture and rural development (b) Regulating commercial banks (c) Managing foreign exchange reserves (d) Formulating monetary policy

International Economics:

1. Which organization publishes the World Development Report? (a) International Monetary Fund (IMF) (b) World Bank (c) World Trade Organization (WTO) (d) United Nations Development Programme (UNDP)
2. What does FDI stand for? (a) Foreign Direct Investment (b) Foreign Domestic Investment (c) Fiscal Deficit Investment (d) Financial Development Investment
3. The balance of payments (BoP) includes: (a) Current account only (b) Capital account only (c) Both current and capital accounts (d) Neither current nor capital accounts
4. What is the meaning of ‘Devaluation’ of a currency? (a) Increase in the value of the currency. (b) Decrease in the value of the currency. (c) Maintaining the value of the currency. (d) Fluctuating the value of the currency.
5. Which of the following is NOT a function of the WTO? (a) To regulate international trade (b) To provide a forum for trade negotiations (c) To provide financial assistance to developing countries (d) To settle trade disputes

Agriculture & Rural Development:

1. The Minimum Support Price (MSP) is: (a) The maximum price farmers can charge for their produce (b) The minimum price the government guarantees to farmers for their produce (c) The average market price of agricultural produce (d) The price at which farmers sell their produce to consumers
2. Which of the following is a major source of rural credit in India? (a) Commercial banks (b) Regional Rural Banks (RRBs) (c) Cooperative banks (d) All of the above
3. What is the purpose of MGNREGA? (a) To provide employment in rural areas (b) To promote industrial development in rural areas (c) To provide education in rural areas (d) To provide healthcare in rural areas
4. What is ‘Operation Flood’ related to? (a) Increasing milk production (b) Increasing food grain production (c) Improving irrigation facilities (d) Developing fisheries
5. What does ‘PDS’ stand for in the context of food security? (a) Public Distribution System (b) Private Distribution System (c) Production Distribution System (d) Procurement Distribution System

Poverty & Unemployment:

1. Which of the following is a measure of poverty? (a) Headcount ratio (b) Poverty gap (c) Multidimensional poverty index (d) All of the above
2. Disguised unemployment refers to: (a) Open unemployment (b) Seasonal unemployment (c) A situation where more people are employed than actually required (d) Frictional unemployment
3. The ‘Mahatma Gandhi National Rural Employment Guarantee Act’ (MGNREGA) aims to provide: (a) 100 days of guaranteed wage employment in a year to rural households (b) 200 days of guaranteed wage employment in a year to rural households (c) 300 days of guaranteed wage employment in a year to rural households (d) 365 days of guaranteed wage employment in a year to rural households
4. Which of the following is a cause of unemployment? (a) Lack of skills (b) Technological advancements (c) Economic slowdown (d) All of the above
5. What is the meaning of ‘Demographic Dividend’? (a) A decline in the birth rate of a country. (b) The high economic growth potential that can result from a demographic transition, where the working-age population grows faster than the dependent population. (c) An increase in the elderly population. (d) A balanced population structure across all age groups.