Economics Miscellaneous (Part – IV)

Total Questions: 52

21. The Misery Index is the sum of a country's unemploy- ment and inflation rate. The higher the index, the more miserable is the country to live in. The figure given be- low is the Misery Index for various countries in Europe. [I.A.S. (Pre) 1998]

Which of the following conclusions can be drawn from the Misery Index given above?

1. Britain is the most miserable country to live in.

2. The inflation rate in Spain is less than in Belgium List-Ban and Britain.

3. Italy and France seem to have almost identical un- employment rate.

4. The higher the Misery Index, the higher the inflation rate.

Select the correct answer using the codes given below:

Codes:

 

 

Correct Answer: (b) 2 and 3
Note:

On the basis of the Misery Index given in the figure, Spain is the most miserable country to live in. Hence, statement 1 is incorrect. Statement 2 is correct as the inflation rate in Spain is less than in Belgium and Britain. Statement 3 is also seems to be correct by the figure. Statement 4 is incorrect through the example of Spain. Hence, option (b) is the correct answer.

 

22. Consider the following statements: [U.P.P.C.S. (Pre) 2006]

1. According to a survey conducted by Uttar Pradesh Planning Department recently, Lucknow has been found to be the most developed.

2. As per recent study conducted in 20 States by the 'Centre for Media Studies', corruption in 2005 in India is less than what it was in 2002.

3. As per targets set for Bharat Nirman Yojna, houses to  be constructed for the rural poor would not even meet 50% of the shortage of rural houses.

Select the correct answer using the code given below:

Codes:

 

Correct Answer: (b) 2 and 3 only
Note:

According to the Planning Atlas 2005 released by the Planning Department of Uttar Pradesh, the top five developed districts of the State were as follows:

District Value
1. Gautam Budh Nagar 413.15
2. Ghaziabad 167.46
3. Meerut 139.66
4. Kanpur city 135.94
5. Lucknow 131.93

23. An International Organization 'Transparency International' issues Corruption Index every year. Match the years given in List A with India's ranking given in List-B and select the correct answer from the codes given below the lists: [U.P.P.S.C. (R.I.) 2014]

List-A (Year) List-B (India's Ranking)
A. 2014 1. 87
B. 2012 2. 95
C. 2011 3. 94
D. 2010 4. 85

Codes:

Option A B C D
(a) 4 3 2 1
(b) 4 2 3 1
(c) 1 2 4 3
(d) 1 3 2 4
Correct Answer: (a)
Note:

As per the Transparency International's 'Corruption Perception Index', India's year by year ranking were as follows: 85th in the year 2014, 94th in 2012, 95th in 2011 and 87th in 2010. In the Corruption Perception Index released in January 2024, India is at 93rd position among 180 countries in 2023. The list is topped by the Denmark while Finland and New Zealand are at 2nd and 3rd rank respectively. Somalia is at the bottom of the global ranking, with score of 11.

 

24. RESIDEX, an index of residential prices in India, was launched in the year. [U.P.P.C.S. (Mains) 2011]

Correct Answer: (c) 2007
Note:

NHB RESIDEX, India's first official housing price index, was an initiative of the National Housing Bank (NHB), under- taken at the behest of the Government of India, Ministry of Finance. It was launched in July, 2007 and updated periodically till March 2015, taking 2007 as the base year. During this period, the coverage of NHB RESIDEX was expanded gradually to 26 cities. Thereafter revamped NHB RESIDEX with larger scope and wider geographical coverage was published taking FY 2012-13 as base year and is updated up to March 2018. With effect from April 2018, a new series with FY 2017-18 as new base year has been published and is updated periodically.

 

25. Index 'Residex' is associated with: [U.P.P.C.S. (Mains) 2015]

Correct Answer: (d) Land Prices
Note:

NHB RESIDEX, India's first official housing price index, was an initiative of the National Housing Bank (NHB), under- taken at the behest of the Government of India, Ministry of Finance. It was launched in July, 2007 and updated periodically till March 2015, taking 2007 as the base year. During this period, the coverage of NHB RESIDEX was expanded gradually to 26 cities. Thereafter revamped NHB RESIDEX with larger scope and wider geographical coverage was published taking FY 2012-13 as base year and is updated up to March 2018. With effect from April 2018, a new series with FY 2017-18 as new base year has been published and is updated periodically.

 

26. Which right is not provided in the Consumer Protection 77 Act, 1986 of India? [M.P.P.C.S. (Pre) 2001]

Correct Answer: (c) Rebate in rates of goods and services for the weaker sections of the society
Note:

The Consumer Protection Act, 1986 of the Government of India is not for rebate in rates of goods and services for the weaker section of the society. Statements of other options are correct with reference to this Act.

 

27. Trade and Merchandise Marks Act was passed in: [U.P.P.C.S (Mains) 2016]

Correct Answer: (d) 1958
Note:

The Trade and Merchandise Marks Act was passed in 1958. It is an Act to provide for the registration and better protection of trade marks and for the prevention of the use of fraudulent marks on merchandise.

 

28. POCSO Act is related to: [Uttarakhand P.C.S. (Pre) 2012]

Correct Answer: (b) Children
Note:

The Protection of Children from Sexual Offences (POCSO) Act was enacted in 2012 especially to protect children (aged less than 18) from sexual assault, sexual harassment and use of pornographic material for the purpose of sexual offence against children.

 

29. Land Acquisition Bill was passed in Lok Sabha with how many amendments? [R.A.S./R.T.S. (Pre) (Re-Exam) 2013]

Correct Answer: (b) 09
Note:

Land Acquisition Bill was passed by Lok Sabha with 09 amendments. The full form of the Bill was-The Right to Fair Compensation and Transparency in Land Acquisition, Re- habilitation and Resettlement (Amendment) Bill 2015. This Bill was introduced in Lok Sabha on 24 February, 2015 and passed by the Lok Sabha on March 10, 2015.

 

30. The new government at the Centre has recently ratified the Marrakesh Treaty. This treaty aims at: [Uttarakhand P.C.S. (Pre) 2012]

Correct Answer: (c) Promotion of access to published works by visually impaired persons and persons with print disabilities
Note:

The Central Government on 30 June, 2014 has ratified the Marrakesh Treaty. With this, India becomes the first country to ratify this treaty. Aims of the Marrakesh Treaty is to facilitate access to published works for persons who are blind, visually impaired or otherwise print disabled.