Previous Year Question Answer

Analysis for WBCS

Speaker-Shyamal Banerjee
 WBCS Preliminary Question – 2020

 When Indian Rupee gets depreciated vis-a-vis U.S. dollar,

It usually makes our
(A) Exports Cheaper and Imports Costlier
(B) Imports Cheaper and Exports Costlier
(C) Both Exports and Imports Costlier
(D) No effect on Exports and Imports
 WBCS Preliminary Question – 2020

 When Indian Rupee gets depreciated vis-a-vis U.S. dollar,

It usually
makes our
(A) Exports Cheaper and Imports Costlier
(B) Imports Cheaper and Exports Costlier
(C) Both Exports and Imports Costlier
(D) No effect on Exports and Imports

 Explanation :- Click Here

 WBCS Preliminary Question – 2020

1.‘Economic Reform‘ measures in India was formally

introduced in
(A) July, 1991
(B) August, 1947
(C) January, 1980
(D) March, 1990

 Explanation :- Click Here

The correct answer is July 1991. Important Points Prime Minister P.V. Narsimha
Rao and Finance Minister Manmohan Singh began the economic reform process
in July 1991. It was termed as 'liberalization' by the media. The goal of the
reforms was to make the economy more market and service-oriented and
expand the role of private and foreign investment. There was significant
opposition to the reforms, but both Rao and Singh continued the reforms. Key
Points Following the reforms, India's GDP rose from $266 billion to $3 trillion
and its purchasing power parity rose from $1 trillion in 1991 to $1.2 trillion in
2019 respectively. Liberalization: The aim of liberalization was to end the
'license raj' and end the restrictions which were a hindrance in the
development and growth of the nation. It also allowed private players to
expand their business. Privatization: Privatization was to reduce the monopoly
of public sector companies and increase the role of private sector companies.
Globalization: The aim of globalization was to integrate the Indian economy
with the global one.
 WBCS Preliminary Question – 2020

1.The largest producer of milk in the world is

(A) India
(B) USA
(C) China
(D) Australia

 Explanation :- Click Here

 The correct answer is India.
Key Points India is the largest producer of milk, followed by the USA and China.
Additional Information India the largest producer of pulses. India is the second-
largest producer of rice, wheat, sugarcane, cotton, and groundnuts in the
world. India is the second-largest fruit and vegetable producer of the world
fruit and vegetable production, respectively. China is the world's largest rice
producer, followed by India.
 WBCS Preliminary Question – 2020

1.‘Non-performing Assets‘ (NPA) of Indian Commercial

Banks are
(A) Buildings and Land
(B) Loans not repaid within stipulated time
(C) Government securities
(D) Cash holding

 Explanation :- Click Here

The correct answer is Loans not repaid within the stipulated time.
Non-performing asset (NPA) - It is a loan or advance for which the principal or
interest payment remained overdue for a period of 90 days . NPA as defined by
the RBI, “if for a period of more than 90 days, the interest or installment amount
is overdue then that loan account can be termed as a Non-Performing Asset –

SARFAESI Act, 2002 (The Securitisation and Reconstruction of Financial Assets

and
Enforcement of Security Interest Act) empowers financial institutions to take
possession of collateralized assets, manage assets, sell, or lease a part, or all of
the business of the borrower.The Act is applicable to cases where security
interest for securing the repayment of any financial asset is more than Rs. 1
lakh.
 WBCS Preliminary Question – 2020

1.Nationalisation of 14 Commercial Banks took place in

(A) 1969
(B) 1980
(C) 1971
(D) 1991

 Explanation :- Click Here

 WBCS Preliminary Question – 2020

1.The Human Development Index (HDI) is published by the

(A) World bank
(B) UNDP
(C) IMF
(D) NITI Aayog

 Explanation :- Click Here

 WBCS Preliminary Question – 2020

1.The 100 Rupee Currency Note in India is Signed by

(A) Governor, Reserve Bank of India
(B) Secretary, Ministry of Finance
(C) Finance Minister of India
(D) Prime Minister of India

 Explanation :- Click Here

 WBCS Preliminary Question – 2020

1.Inflation in India is
(A) Double-digit > 0
(B) Single-digit > 0
(C) Negative
(D) Zero

 Explanation :- Click Here

 WBCS Preliminary Question – 2020

1.The Contribution of Service Sector to India’s GDP is

(A) 60%
(B) 50%
(C) 42%
(D) 23%

 Explanation :- Click Here

 WBCS Preliminary Question – 2020

1.The difference between GDP at market prices and GDP

at factor cost
(A) Direct Taxes
(B) Indirect Taxes
(C) Transfer payments
(D) Subsidies

 Explanation :- Click Here

 WBCS Preliminary Question – 2018

1.Expenditure for public administration falls under

(a) Plan Expenditure
(b) Non-Plan Expenditure
(c) Profitable Expenditure
(d) None of above

 Explanation :- Click Here

 WBCS Preliminary Question – 2018

1.Expenditure for public administration falls under

(a) Plan Expenditure
(b) Non-Plan Expenditure
(c) Profitable Expenditure
(d) None of above

 Explanation :- Click Here

 WBCS Preliminary Question – 2018

8.Development expenditure of the Central Government

does not include
(a) defense expenditure
(b) expenditure on economic services
(c) expenditure on social and community services
(d) grant to states

 Explanation :- Click Here

 WBCS Preliminary Question – 2018

8.Development expenditure of the Central Government

does not include
(a) defense expenditure
(b) expenditure on economic services
(c) expenditure on social and community services
(d) grant to states

 Explanation :- Click Here

 WBCS Preliminary Question – 2020

1.The Second Five Year Plan of India was based on

(A)Harrod-Domar Model
(B)Solow Model
(C)Mahalanobis Model
(D)Mahatma Gandhi’s Vision

 Explanation :- Click Here , Click here

 Concise Notes :- Click Here

 WBCS Preliminary Question – 2017

1.More than 50% of the working population in India

depend on
(A)the primary sector
(B)the public sector
(C)the tertiary sector
(D)the industrial sector

 Explanation :- Click Here

 WBCS Preliminary Question – 2017

1.The largest contributor to gross domestic savings of

India is
(A)the household sector
(B)the private corporate sector
(C)the public sector
(D)the foreign sector

 Explanation :- Click Here

 WBCS Preliminary Question – 2017

1.In India the Repo rate is announced by

(A)Ministry of Finance, Govt. of India
(B)Prime Minister of India
(C)Reserve Bank of India
(D)President of India

 Explanation :- Click Here

 WBCS Preliminary Question – 2017

1.The special Eonomic Zones Act was passed by the Indian

Parliament in 2005 and the Act came into force in
(A)2006
(B)2009
(C)2014
(D)2016

 Explanation :- Click Here

 WBCS Preliminary Question – 2017

1.The objective of the Fiscal of the Fiscal Responsibility and

Budget
Management Act, 2004 is:
(A)to reduce revenue deficit.
(B)to reduce fiscal deficit.
(C)to ensure that public debt does not exceed 50% of the
GDP of the year
from 2011
(D)All of the above

 Explanation :- Click Here

 WBCS Preliminary Question – 2017

1.The SEBI was given statutory recognition in 1992 on the

recommendation of
(A)the Chakraborty Commission
(B)the Chelliah Committee
(C)the Tendulkar Committee
(D)the Narasimham Committee

 Explanation :- Click Here , Click Here

 WBCS Preliminary Question – 2017

1.Indian Rupee is fully convertible at :

(A) Current Account
(B) Capital Account
(C) Trade Account
(D) None of the above

 Explanation :- Click Here