SHANKAR IAS Economy & Agriculture PDF

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SHANKAR IAS Economy & Agriculture PDF: Latest Target IAS 2024, if your Target is Clear the exam UPSC Civil Services Exam in 2024, Than this book pdf will Very useful to study smart for Economics and Agriculture.

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Table of Contents

Topics in the SHANKAR IAS Economy & Agriculture PDF

1- Growth and development
2- Issues related to planning
3- Inflation
4- Monetary policy in India
5- Banks & Financial markets
6- Indian Agriculture
7- Poverty, Inequality, and Unemployment
8- Government budgeting
9-Taxation in India
10-External sector
11- International economic organizations
12-Food processing & related industries
13-Industrial sector
14-Infrastructure
15-Investment model

SHANKAR IAS Economy & Agriculture Important Questions

Which of the following sectors is NOT a part of the agricultural value chain?
(a) Farming
(b) Processing
(c) Distribution
(d) Manufacturing

Answer: (d) Manufacturing

2. Gross Domestic Product (GDP) is the measure of:
(a) Total population of a country
(b) Total area of a country
(c) Total value of goods and services produced in a country
(d) Total exports of a country

Answer: (c) Total value of goods and services produced in a country

3. Which of the following is an example of a regressive tax?
(a) Income tax
(b) Value Added Tax (VAT)
(c) Property tax
(d) Sales tax

Answer: (d) Sales tax

4. What does the term “inflation” refer to?
(a) Increase in the general price level of goods and services
(b) Decrease in the general price level of goods and services
(c) Increase in the total population of a country
(d) Decrease in the total population of a country

Answer: (a) Increase in the general price level of goods and services

SHANKAR IAS Economy & Agriculture PDF

5. Which of the following is NOT a factor of production?
(a) Land
(b) Labor
(c) Capital
(d) Entrepreneurship

Answer: (d) Entrepreneurship

6. The term “subsistence agriculture” refers to:
(a) Large-scale commercial farming
(b) Organic farming practices
(c) Farming for personal consumption
(d) Cooperative farming

Answer: (c) Farming for personal consumption

7. What is the main objective of the Green Revolution in agriculture?
(a) Increase agricultural productivity through the use of modern techniques
(b) Promote organic farming practices
(c) Reduce the use of chemical fertilizers and pesticides
(d) Preserve traditional farming methods

Answer: (a) Increase agricultural productivity through the use of modern techniques

8. What is the purpose of the National Rural Employment Guarantee Act (NREGA)?
(a) Provide subsidized food to rural households
(b) Promote agricultural exports
(c) Ensure employment opportunities for rural households
(d) Improve access to healthcare in rural areas

Answer: (c) Ensure employment opportunities for rural households

9. Which of the following is an example of a non-renewable resource?
(a) Solar energy
(b) Wind energy
(c) Fossil fuels
(d) Water

Answer: (c) Fossil fuels

SHANKAR IAS Economy & Agriculture PDF

10. What is the primary objective of the World Trade Organization (WTO)?
(a) Promote international peace and security
(b) Facilitate global economic cooperation and trade liberalization
(c) Provide financial assistance to developing countries
(d) Regulate global environmental standards

Answer: (b) Facilitate global economic cooperation and trade liberalization

Important Questions For IAS Economics & Agriculture

11. What is the main source of revenue for the government in a market economy?
(a) Taxes
(b) Foreign aid
(c) Export earnings
(d) Investment income

Answer: (a) Taxes

12. What does the term “fiscal policy” refer to?
(a) Government regulation of interest rates
(b) Government management of public debt
(c) Government control over the money supply
(d) Government decisions on taxation and public spending

Answer: (d) Government decisions on taxation and public spending

13. Which of the following is a measure of income inequality in a country?
(a) GDP per capita
(b) Gini coefficient
(c) Human Development Index (HDI)
(d) Consumer Price Index (CPI)

Answer: (b) Gini coefficient

14. What is the role of the Reserve Bank of India (RBI) in the Indian economy?
(a) Regulating and supervising the banking sector
(b) Conducting monetary policy
(c) Issuing currency
(d) All of the above

Answer: (d) All of the above

SHANKAR IAS Economy & Agriculture PDF

15. Which of the following is NOT a characteristic of a developed economy?
(a) High per capita income
(b) Advanced infrastructure
(c) Low unemployment rates
(d) High poverty rates

Answer: (d) High poverty rates

16. What is the main objective of the Make in India initiative?
(a) Promote foreign direct investment in India
(b) Boost manufacturing sector growth in India
(c) Encourage exports from India
(d) Enhance agricultural productivity in India

Answer: (b) Boost manufacturing sector growth in India

17. What is the role of the Securities and Exchange Board of India (SEBI)?
(a) Regulating and supervising the stock market
(b) Ensuring food safety standards
(c) Promoting tourism in India
(d) Managing foreign exchange reserves

Answer: (a) Regulating and supervising the stock market

18. What is the concept of “opportunity cost” in economics?
(a) The cost of production inputs
(b) The cost of purchasing goods and services
(c) The value of the next best alternative foregone
(d) The cost of inflation

Answer: (c) The value of the next best alternative foregone

SHANKAR IAS Economy & Agriculture PDF

19. What is the main function of commercial banks in an economy?
(a) Providing loans to individuals and businesses
(b) Regulating interest rates
(c) Managing fiscal policy
(d) Issuing currency

Answer: (a) Providing loans to individuals and businesses

20. What is the role of the World Bank in the global economy?
(a) Promoting global trade and investment
(b) Providing financial assistance to developing countries
(c) Regulating international financial markets
(d) Promoting sustainable development

Answer: (b) Providing financial assistance to developing countries