IASbaba’s Revision Module for UPSC Civil Services Prelims 2017: Economic Survey MCQs

Hello Friends

How are you all?

We hope you are at your best in revision and following 60 Days regularly. Continuing our effort in assisting you in revision, here we present Economic Survey 2017 most probable and quality MCQs that will help in consolidating your content in much better manner. Do go through this document and make the best use of it. 🙂

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  • Neil R

    ohh god… thank you…… no words….. always you come to rescue somehow …….

  • UPSC aspirant

    Thanks Baba g.
    ☺☺😊😊😊☺
    Thanks to motivate us by your selfless work.

  • ISHAAN

    thankz babaji

  • Dracula

    Babaji Q.No.6(regarding BHIM app)
    Even the 3rd statement will be correct.So answer should be (a).

    Link:http://www.livemint.com/Industry/bB2DkdSeyRcj4GwOJmkl0K/How-to-use-BharatQR-code-UPI-and-BHIM-app.html

    • Abhijeet

      i also think so.

  • suchak

    Q.16 :- Inflation increase when there is more money and low supply so , answer should be D babaji

    • Abhijeet

      i too have dis doubt

      • suchak

        Kyoto protocol wala bhi answer galat Hai

        • Abhijeet

          which question ..i could not find in ES document

          • suchak

            day 42 , Q 6

    • Prince Azhar

      suchak, you following , both insights and iasbaba 60 days course. my question is , are you simultaneously preparing for both or you following one and improvising other?.

      • suchak

        Sir ji me 3rd time wala Hu ….

        Apne feasibility SE subject padhata Hu and test deta Hu. Test ke timetable ko nahi follow karata

        Aap Jo kar rahe ho woh more than enough Hai ( read your comment yesterday )

        • Prince Azhar

          thank you mate 🙂 your strategy is also perfect 🙂 i hope you will succeed , all the best 🙂 🙂

  • success

    thanks ias baba

  • Abhijeet

    Q15: Isnt telcom sector part of service sector ?
    if yes then service sector should have highest FDI flows..
    please clarify

    • Quest

      Also,
      Q7-Isn’t Aadhar Pay a digital payment app for merchants ?
      though it isn’t a peer-to-peer app..

      • Abhijit (ABG)

        Word ”Mobile” is problematic in both the sentences – It is for those who do not have mobile phone

    • Quest

      or may be it’s asking about the scheme in toto and not the app :!!

      • Abhijeet

        yaaa dey asking scheme in toto..coz customer dont require mobile but only biometric authentication but merchant do need app.
        so statements are wrong.
        yeh wala maine bhi galat kiya hai..but ab samaj aagya

        nd please give ur view on my queries too

    • Abhijit (ABG)

      Regarding Q6 – 3rd statement is correct

      https://bhimappdownload.com/make-payment-in-bhim-app-using-aadhar-card/

      At the time of BHIM App development initially Aadhar based payments were not supported. The BHIM App lets the users to perform the cashless transactions using virtual payment address (VPA). The BHIM App is now updated to support the Aadhar based payments. Users can now register with their Aadhar card number to utilise the BHIM App.

      • Abhijeet

        thanks sirjee..aise question galat ho jaate hai toh pain hota hai
        🙂

        • Abhijit (ABG)

          🙂 I think as initially Aadhaar based payment was not supported, 3rd statement was considered wrong. UPDATE nhi kiya hoga baba ji ne.
          @[email protected]:disqus – please update Q6 – All of them are correct !!!

          • Abhijeet

            hmm mostly probably.. bakiyo pe bhi ek baar nazar ghuma lo

      • Quest

        virtual payment address ?

      • Mission 2017

        Thnx…nyce info.

      • thevagabond85
    • Quest

      all are valid doubts …
      the answer for 16 should certainly be D..

      • Abhijit (ABG)

        Repayment of debt will be least inflationary according to me. The money which can be used for building public infrastructure is being used to repay debt. if public expenditure increases, inflation may take place.
        So, how can answer be A ?

        • Quest

          Abhi, tumne koe short cut banana tha Na..to remember constitutional and non constitutionaln bodies appointment and all..please post it here, if possible..Regards

          • Abhijit (ABG)

            ohkkk – I will tell you some tricks which I developed – jyada nhi bas 3-4 tricks banayi thi. I will have to go back and revise them again. I will post it here in 1-2 days !!! Nhi to remind me on Monday !!!

          • Abhijeet

            test 22 of vision..hell difficult tha..inni sari ajeeb si schemes…
            but test 27 survey one was chill..

          • Quest

            Kitne bane 27 main ?

          • Quest

            Khatam kar dale saare tests ? Badi jaldi kar dea yaar..sahi hai..m still struggling with insights papers though…😐

          • Abhijeet

            naah saare nhi hue mere…28 complete kiye hai..baki 7 hai ..will do it in these week..tere kinne hue insight ke test ?

          • Quest

            28 ke marks bata ?

          • Abhijeet

            around 140 aaye..tere ?

          • Quest

            Same here ,144 ☺

          • Abhijeet

            rank kya banri hai 144 mai ?

          • Quest

            Maine test series laga nahi rakhi. Islea to us din @keephumanityalive se pucha tha..marks and corresponding rank…usse puch, shayad batae tujhe ..ttyl tc

          • Abhijeet

            ohk..bbyeee

          • Quest

            Aadhe hue hain…revising them now..making small notes of them…sorry ye kal Padha nahi theek se… Acha ek query hai, do we have thorium deposits only along the east coast ?

          • Abhijeet

            u will be surprised to know that maximum thorium is found not in kerala but AP and yes they are found in eastern coast too.
            for your reference: http://pib.nic.in/newsite/PrintRelease.aspx?relid=112034

          • Quest

            AP has also maxi uranium reserves isn’t ? Other states being Odisha,Rajasthan,Meghayala …pls add if I am forgetting anything and corrrct if I am wrong ??

          • Quest

            Sorry, not odisha but Jharkhand

          • Abhijeet

            yes AP, jharkhand, meghalaya , rajasthan ..chattisgarh & karnataka bhi hai..

          • Quest

            Queries, is cert in a statutory body..though I know that it has powers under the IT act..2nd, coal gasification may lead to water contamination..is this Statement true ?

          • Abhijeet

            i dont think it is statutory body as such…what u say ?

            No UGC (underground coal gasification) is completely clean mechanism and does not lead to water contamination.

          • Quest

            No as per me…was just confirming…for coal gasification, what u say is what is mentionedin insights test series …pls read this once http://www.teriin.org/index.php?option=com_publication&task=details&sid=67

          • Abhijeet

            UGC is clean/green coal technology as per government
            http://www.pib.nic.in/newsite/erelcontent.aspx?relid=55528

          • Quest

            Two more queries …last for the day, will bother tomrw now….one, seasonality is a factor of rotation revolution and axial tilt or only the latter two… two, natural gas and shale gas sources are same in india kya ? As in state wise ? If not..to bata kahan kahan Kaunas milta hai ..much Regards ☺

          • Abhijeet

            seasonality is result of revolution+ axial tilt
            Shale resources are more and varied than NG.
            wht u think ?

          • Quest

            Same

          • Quest
          • Abhijeet

            doubts:
            1. Copyright issuance is under MHRD or DIPP ?
            2. TERI is under MoEFCC or MNRE ?
            3. What is definition of merit and non merit subsidies and will solar power plant subsidy qualify as merit subsidy or non merit subsidy ?

          • Quest

            Hrd, independent think tank (guess),merit is possibly with positive externalities..solar should be merit … seriously no clue (a total guess) what do u say ?

          • Abhijeet

            coyright wala i got cleared ..its under DIPP now after new IP policy

            baki solar wala i doubt and teri mai bhi confusion hai ?

          • Quest

            Copyright wala think is a revelation …even m not sure of the other two

          • Quest

            Can u please share a source which says it is under DIPP now ? The new IPR policy did make a suggestion though .. everything has become a mix bowl

          • Abhijeet
          • Quest

            Hey, thank u for the information..great help..keep Sharing 😃

          • Quest

            Regarding ur doubt on Teri and biogas the other day…check quest 28 and 76 of insights paper 5 resp..was revising so found …

          • Abhijeet

            thanks 🙂

          • Quest

            How much in test 30 vision??.got ur source for the quests . haha ??

          • Abhijeet

            test 30 was too bad for me…could hardly manage 116..
            what about u ?

          • Quest

            Same here …110..this paper was tough in my opinion..

          • Quest

            Score in test 29 ?

          • Abhijeet

            around 130….. urs ?
            and how u are covering map work ?

          • Quest

            O, nowhere near 130..nothing special for map work..atlas dekh lo 5-10 mint daily..aur kya karenge map work main ?

          • Abhijeet

            hmmm…ur exam centre ?

          • Quest

            Kolkata

          • Abhijeet

            ohh i thought u too in delhi only

          • Quest

            Individual Satyagraha was announced in Ramgarh session ? Vision test 28 ..my history is pathetic…pls answer

          • Abhijeet

            will revert u bck..have too chck dont remember nw

          • Abhijeet

            i asked for vision scores and got following info…hope it will help u as well

            Test 28 – > Avg score is 64.37 Test 29 > Avg score is 62.75 Test 30- > Avg score is 58.03 Test 31 – > Avg score is 63.56 Test 32 – > Avg score is 63.10 Test 33- > Avg score is 64.37 Test 34 – > Avg score is 70.25 .Test 35 -> cannot see as yet to give that test.
            These are average score till now from Vision platform series( keeps on changing) . For test series they don’t provide the top 100 wala score.
            Anything AROUND or ABOVE 110 in Vision test is considered good.

          • Quest

            Yes, it helped … considering the ever soaring cut off…thanks and regards 😃👍

          • Quest

            Also, is this Statement correct..Indian social conference was the social reform wing of the congress…spectrum qualified the statement ..prefixing Virtually the social reform cell of congress ..what u say ?

          • Abhijeet

            i did this wrong..but even GK today says that it was virtually social reform cell of congress..
            so i think we should accept it as a fact remember it and move forward…

          • Quest

            Query : who is the executive head of PMO ? Pm or the principal secretary ? And is PM a part of PMO ? Further, who appoints the Principal secretary…

          • Quest

            Query: in relation to modern Indian history what were bakasht land ?

          • Abhijeet

            land confiscated by zamindars due to non payment of rent by occupant tenant.

          • Abhijit (ABG)

            Some facts

            1. President submits resignation to the Vice President
            2. Vice President submits resignation to the President
            3. Governor submits resignation to the President
            4. Judge of Supreme Court submits resignation to the President
            5. Judge of High Court submits resignation to the President
            6. Speaker submits resignation to the Deputy Speaker ( of both Lok Sabha and Legislative assemblies )
            7. Deputy Speaker submits resignation to the Speaker ( of both Lok Sabha and Legislative assemblies )
            8. Chairman submits resignation to the Deputy Chairman ( of Legislative Council )
            9. Deputy Chairman submits resignation to the Chairman ( of both RS and Legislative Council )
            10. UPSC chairman and members submits resignation to the President
            11. CAG submits resignation to the President

            http://forumias.com/portal/indian-polity-who-tenders-resignation-to-whom-factsheet-important-for-prelims/

          • Abhijit (ABG)
          • Abhijit (ABG)
          • Quest

            Sorry for a stupid question…but what is the qualifying no of questions for paper 2 cast..I mean each question carries how many marks 2.5 since the paper was of 80 marks or there is some other calculation ?

          • Abhijit (ABG)

            2.5*80 = 200 marks
            you have to obtain 66.66 marks out of 200
            So, if you correctly solve 40 questions – which I think you will be able to do – especially mathematics one – you are in – so no need to worry !!!

          • Quest

            Not worried re, was just confirming…thanks and regards 👍

          • Quest

            M no tech savvy, hence the stupid quest..how can Bhim work on a feature phn ? Download kaise karenge app feature phn pe 😐

          • Abhijit (ABG)

            Hahaha – Feature phone se to bas USSD code ke through transactions ho sakte hai. May be there is some provision like that.

            Searched it on net
            http://www.bgr.in/news/how-to-send-and-receive-money-with-upi-on-iphone-and-feature-phones-without-bhim-app/

          • Quest

            Haan USSD to pata hai mujhe..ye vision ke magazine main likha hai that it works both on smart and feature phone…also QR code ke advantages main likha hai ke..there no need to type amount to be paid and there no probability of error..but QR code main bhi to amount type karni padhti hai..

          • Abhijit (ABG)

            QR code main amount type nhi karni padegi – every thing – price, merchant’s address and other facts are contained in th QR code – so just need to scan that code and provide your authentication 🙂

          • Abhijit (ABG)

            No you are correct – shayad amount enter karna padega

          • Quest

            Reason being ek merchant ka ek code hota hai par customer and unki purchase ke amount to alag alag hoti hai na 😃 jor laga de, aaj se do hafte reh gae…ek aur doubt…lok adalat supreme court cases bhi resolve karate hai kya by conciliation ?

          • Abhijit (ABG)

            Nature of Cases to be Referred to Lok Adalat

            1. Any case pending before any court.

            2. Any dispute which has not been brought before any court and is likely to be filed before the court.

            http://www.nalsa.gov.in/lok-adalat

            Provided that any matter relating to an offence not compoundable under the law shall not be settled in Lok Adalat.

            I am not sure about this – so can’t say with full conviction. But, likha to aisa hi hai ki any case pending before any court.

            Ek baat bataon – Judiciary waala concept jyada strong nhi hai – Aaj polity ke jo concepts bache hue hain – wo karunga

          • Quest

            Abhi, got it cleared…not just Pending even pre litigation cases at all levels are covered…
            Lage raho…sab acha hoga…Jai Hind :))

          • Abhijit (ABG)

            🙂 thanks
            Lok Adalat is an important topic – will revise it again

          • Quest

            Kaun se list kaun se body nikalti hai ye kahin consolidate kea hai…de de if yes ..

          • Abhijit (ABG)

            civilsdaily main listicles diye hue hain – they will be useful to you. Wahan sab consolidate kiya hua hai

          • Quest

            Marks dekhe tere, lag jaa…do not miss the opportunity…u deserve all of this 😃

          • Abhijit (ABG)

            Hi Quest – thanks 🙂
            I hope you also did fine. How much you are scoring ?

          • Quest

            Not too sure ..in the range 114-118 with different keys ..

          • Abhijit (ABG)

            MAINS ki preparation main lag jaao – you have a very high chance 🙂 . Do write on TLP.

          • Quest

            Should we make a group of 2-3 of us to discuss questions Nd all ? Let me know anyways.. Regards

          • Abhijit (ABG)

            Sure – you can discuss with me. I was also searching for someone with whom I can discuss the issues.
            So, what do you suggest – where can we discuss ?

          • Quest

            Drop ur email id here, would ping on hangouts ..

          • Abhijit (ABG)
          • Abhijeet

            add quest to mains group

    • Abhijit (ABG)

      Bhai, I am facing problem in understanding Interest Coverage ratio, Can you please help me with it .

      • Abhijeet

        bhai i will try to explain with example again:

        suppose Mr X is a businessman . Now Mr X wants to expand business and so went to SBI for loan of 1 lac @ 12%pa. So yearly 12000 rupee interest dene hai unko SBI ko. Now SBI wale will calculate ICR of Mr X.
        Assume Mr X business earns profit of
        6000 then ICR= profit / interest expense i.e 0.5
        so SBI wale bolenge ki aapki 1 lac udhar ki aukat nhi hai..
        12000 ICR= 1
        this is also not comfortable
        240000 ICR = 20 times
        bula bula ke loan denge iss condition mai..

        hope its helpful.

        • Quest

          :O

          • Abhijeet

            hehe 😀

        • Abhijit (ABG)

          Thank you Abhi !!!

          • Abhijeet

            welcome bhai..anytime

        • suchak

          Cess and Surcharge me help chahiye …

          Which goes to Public fund and and which to consolidated ?
          which use for specific and which for anyone ?

          • Abhijeet

            cess is for specific use and surcharge is not specific.
            as far as i know cess goes to public fund but babaji ke solution mai CFS bola hai..

          • suchak

            Thanks for reply

            Yes same there I commented and Quote businesslike article that Cess goes to PF

            And Surcharge to CFI ?

        • suchak

          +1

          Foreign portfolio investment se company take over nahi kee ja sakati kya ?
          Read some where that Chinese firm using P notes ( Before KYC) try to take over some firms silently.

          • Abhijeet

            i dont think takeover can happen thru FPI coz FPI hardly helds majority shares in listed companies.

      • Anon_101

        It simply means how much of the interest amount (on the principal loan you have taken) is covered by you. I you are taking loan and interest comes out to be ‘x’ then you must have have the ability to atleast cover ‘x’ by profit so that you can repay your loan…otherwise you won’t get the loan.

    • Mission 2017

      Same doubts..plz if u get d ans…plz post it..thnx..

    • Anon_101

      Q6(3) I think they are trying to ask Aadhar enabled payment system where you use finger print to authenticate the transaction..since there is not option for it in BHIM hence it is incorrect. Read Q7 you will get it

    • abhijit

      if you repay debt , wont it increase the cash in hand for the public leading to more demand at that point of time , hence leading to inflation ? @abhijeetpalod:disqus

    • Thank you Abhijeet. Please check featured comment.

  • Abhijit (ABG)

    Thank you baba ji 🙂

  • vivekwankhede

    Thank you!

  • Mission 2017

    Thnx a lot sir..

  • Madhu Babu

    thank u sir

  • Be_like_Fedex

    Thank you Babaji, these are really good 🙂 Please release the other modules also soon. Last year the Art and Culture modules were really helpful!

  • tshrt

    In Question 17 PARA – answer is given wrong, in explanation also you have initially mentioned Reconstruction Agency. Please rectify.

  • Please make the following changes/corrections:

    Q.6) Statement (3) should be read as – It will “not” support Aadhaar-based payments. And since, recently Aadhaar-based payments feature is also added, this statement which says “not support Aadhaar-based payments” stands incorrect.

    Q.15) Statement (b) – It should be Computer Services sector (not just Services sector)

    Q.16) Solution is given wrong. Correct answer is (d)

    Q.17) Solution is given wrong. Correct answer is (b) – Public Sector Asset Rehabilitation Agency

  • Lord Vorminious

    Is there a Question Only format available? It’d be very helpful. Thanks.

  • Diwakar

    Thanks sir !!

  • akanksha saxena

    Please release the environment and science tech module soon, they were really good last year…would be highly grateful sir!!!!

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