Previous year MCQs

Economy UPPSC 2009 GS-I
Question

The largest item of public expenditure in the Union Budget in recent years has been:

Answer & Solution

Answer: (Detailed Solution Below)

Option B: Interest payments

Detailed Solution:

The correct answer is “Interest payments”.
Interest payments are the largest component of revenue expenditure in the Union Budget.

Similar Questions:

In which one of the following places, the cave temples built by the Rashtrakutas in the Ellora mountains are located?
  1. A) Aurangabad (Maharashtra)
  2. B) Nasik (Maharashtra)
  3. C) Gwalior (Madhya Pradesh)
  4. D) Golconda
Arrange the following Committees formed for small scale sector in a chronological order and select the correct answer from the codes given below:

I. Nayak Committee
II. Abid Hussain Committee
III. S.S. Kohli Committee
IV. Karve Committee

Codes:
  1. A) I, II, IV, III
  2. B) III, II, I, IV
  3. C) IV, I, II, III
  4. D) I, II, III, IV
The specific requirements of the 'start-ups' can be fulfilled through:
  1. A) Angel Investors
  2. B) Venture capital
  3. C) Crowdfunding
  4. D) All the above
The position of India in worlds textile export is:
  1. A) First
  2. B) Second
  3. C) Third
  4. D) Fourth
Which one of the following is not the objective of financial inclusion?
  1. A) To extend financial services to poor population.
  2. B) To unlock the door of growth potential of weaker section.
  3. C) Shrinking of banking infrastructure.
  4. D) To extend financial sector into rural areas.
Role of Human Resources in Economic development, which of the following statement/s is/are correct?

1. Effects of economic development on population growth.
2. Effects of population growth in economic development.

Select the correct answer using the code given below—
Code -
  1. A) Only 1
  2. B) Only 2
  3. C) Both 1 and 2
  4. D) Neither 1 nor 2
The slogan of "poverty eradication" was given in the five year plan of:
  1. A) Second five year plan
  2. B) Fourth five year plan
  3. C) Fifth five year plan
  4. D) Sixth five year plan
Consider the following statements and select the correct answer using the code given below:

Assertion (A): Educated unemployment increases with high rate of economic growth.
Reason (R): It happens only when there is lack of professional education.

Code:
  1. A) Both A and R are correct and R is the correct explanation of A
  2. B) Both A and R are correct but R is not the correct explanation of A
  3. C) A is true but R is false
  4. D) A is false but R is true
Match List-I with List-II and select the correct answer by using the codes given below the lists:
List-I List-II

A. Non-cooperation Movement - 1. 1942
B. Civil Disobedience Movement - 2. 1937
C. Formation of Congress Ministries - 3. 1930
D. Quit India Movement - 4. 1920

Code:
A B C D
  1. A) 1 2 3 4
  2. B) 4 3 2 1
  3. C) 2 1 4 3
  4. D) 3 4 1 2
There are certain number of benches in a Class room. If four students sit on each bench then three benches remain unoccupied. If, however, three students sit on each bench then three students remain standing in the class. The number of students in the class is:
  1. A) 36
  2. B) 48
  3. C) 60
  4. D) 72
Among the SAARC countries the most densely populated country is:
  1. A) Bangladesh
  2. B) India
  3. C) Pakistan
  4. D) Maldives
Which among the following are the sources of current revenue for the Central Govt?

I. Corporate Tax
II. Profit from Public Enterprises
III. Sale of National Savings Certificates
IV. Loans received from the World Bank
V. Excise duties

Select the correct answer from the codes given below:
Codes:
  1. A) I, II and III
  2. B) II, III and IV
  3. C) III, IV and V
  4. D) I, II and V