BPSC Exam 2025: Integrated 70th Combined Main (Written) Competitive Examination, Optional, Economics
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Serial No.
Booklet Series
02/GO/CC/M-2025 – 11
I
Candidate’s Roll Number
Question Booklet
I
ECONOMICS
Time Allowed : 2 Hours Maximum Marks : 100
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1. Saving accounts in banks are basically 5. ‘Grand Innovation Challenge’ was
for launched by
(A) Safety view (A) Finance Commission
(B) Can be withdrawn any time
(B) RBI
(C) Earn interest
(C) NITI Aayog
(D) All of the above
(D) Planning Commission
2. Green Revolution means
(A) Growing of more crops 6. Where was the agreement on trade and
tariffs signed ?
(B) Development of High Yielding and
Disease resistant plants (A) China
(C) Less cost policy (B) Geneva
(D) Organic farming
(C) Mauritius
3. ‘Gilt edged market’ related to (D) Singapore
(A) Government securities trading
(B) Metal’s trading 7. The branch which deals with the various
stages of a consumer goes through
(C) Services trading
before purchasing products or services
(D) Debenture’s trading
for his end use
4. The primary purpose of the RBI (A) Consumer attitude
Monetary Policy is to maintain
(B) Consumer perception
(A) Exchange rate
(B) Price stability
(C) Consumer behaviour
(C) Employment generation
(D) Consumer interest
(D) Growth
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8. What is CD (Credit deposit) ratio of Bihar 11. Which of the following pairs is correctly
till March 31, 2023 approximately ? matched ?
Nuclear Power Plants – State
(A) 52%
(A) Kaiga (NPCIL) – Madhya Pradesh
(B) 53% (B) Tarapur (TAPS) – Bihar
(C) Kudankulam (NPCIL) – Orissa
(C) 55%
(D) Kakrapar (KAPS) – Gujarat
(D) 50%
12. National income accounting method is
related to
9. The basic reason of operating the law of
(A) Double-entry system
diminishing return is
(B) Space-entry system
(A) Imperfect substitution between (C) Single-entry system
factors
(D) All of the above
(B) Scarcity of factors
13. The father of Indian planning is
(C) Both (A) and (B)
(A) Mahatma Gandhi
(D) None of the above
(B) M. Visvesvaraya
(C) Sardar Patel
10. Engagement of local people in
(D) Jawaharlal Nehru
development projects refers to
(A) Sustainable development 14.
objectives and policies of the
(B) Social development (A) Finance department
(B) Production department
(C) Regional development
(C) Marketing department
(D) Participatory development (D) All of the above
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15. ‘Zero Based Budget’ is introduced by 18. Which one is not matching ?
(A) Yellow Revolution – Tomato
(A) Pro. Pigou production
(B) Pro. Friedman (B) Black Revolution – Petroleum
production
(C) Pro. Peter Payer (C) Round Revolution – Potato
production
(D) Pro. Amartya Sen
(D) Red Revolution – Meat production
16. Which among the following is not the 19. India opted mixed economy in
factor to determine location of industries ? (A) Second Five Year Plan
(B) Third Five Year Plan
(A) Religious factor
(C) Fourth Five Year Plan
(B) Gross income (D) First Five Year Plan
(C) Natural resources
20. Which are the instruments of Fiscal Policy ?
(D) Financial resources (A) Public Expenditure and Taxation
(B) Public Revenue and Public Debt
(C) Budget and Fiscal D
17. Monopolistic competition demand curve
Economy
nature is (D) All of the above
(A) Perfectly elastic 21. Factor prices are determined in the factor
market under the forces of
(B) Indeterminate demand curve
(A) Elasticity of demand
(B) Demand and supply
(C) Downward sloping and more elastic
(C) Marginal productivity
(D) Downward sloping and less elastic (D) Elasticity of supply
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22. National Income Estimates of India is 25. The Bretton Woods Agreement
prepared by happened to establish the IMF in the
year
(A) RBI
(A) 1944
(B) Niti Aayog
(B) 1952
(C) Indian Statistical Institute
(C) 1954
(D) CSO
(D) 1940
23. Hawkish monetary policy is used
26. The concept of Five-Year Plan in the
(A) to expand money supply
Constitution of India is borrowed from
(B) to check depression
(A) England
(C) to loose credit condition
(B) Russia
(D) to reduce money supply (C) The United States of America
(D) Japan
24. Product variation refers to
27. Big private companies contribute to the
make demand more price elastic development of a nation by
only
increase demand only
(C) A different version of a product that (C) Increasing production of the
has some similar characteristics to manufacturing industrial goods in
other versions with distinct features the country
(D) A problem with quality control that (D) Increasing their products demand
tends to decrease demand only through advertisement
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28. Mehsi (East Champaran) is famous for 32.
an economy for current year is
(A) Silk industry
(B) Paper industry
(C) Button manufacturing industry
(D) Sugar mills
29. In the World Trade Organization (WTO)
33. Which of the following is not direct tax ?
India often advocate for
(A) Protectionism (A) Poll tax
(B) Isolationism (B) Land tax
(C) Free trade (C) Personal property tax
(D) All of the above
(D) Security transaction tax
30. Which of the following PSE’s name is 34. The key instrument used for setting
agricultural commodity prices is
not
(A) Cost-oriented price
(A) Miniratna
(B) Market-oriented price
(B) Maharatna
(C) Value based pricing
(C) Navratna
(D) The Minimum Support Price (MSP)
(D) Pancharatna
35. Total physical product is derived from
31. Who brought up the Mahalwari system ? marginal physical product is
(A) Sir John Shore (A) Cumulative division
(B) Lord Cornwallis (B) Cumulative subtraction
(C) Lord Pavell (C) Cumulative addition
(D) William Bentinck (D) Cumulative product
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36. 40. The measure of correcting excess
demand is
(A) Cash discount on goods
(A) Reduction in taxes
(B) Increase in public expenditure
(C) Remittance through banks
(D) None of the above
(D) Increase in public debt
37. Which Five Year Plan of India focused
41. The Jute industry built in Bihar is located in
on rapid industrialisation based growth
model ? (A) Damodar – Vally Region
(A) Second Five Year Plan
(B) North – West Plain of Bihar
(B) Third Five Year Plan
(C) North – East Plain of Bihar
(C) Fifth Five Year Plan
(D) Middle – South Plain of Bihar
(D) First Five Year Plan
42.
38. (A) Contractionary policy
1951 was
(B) Neutral policy
(A) Development of the service sector
(C) Expansionary policy
(B) Development of the industrial sector
(D) All of the above
(C) Development of the primary sector
(D) Development of the agricultural
43. Which is not an internal factor in price
sector
decisions ?
(A) Price elasticity as per sales of
39. The Indian debt market is traditionally product
known as
(B) Consumer behaviour for given
product
(B) Financial market
(C) Position of product in product cycle
(C) Retail market
(D) None of the above
(D) Wholesale market
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44. The tax is not related to Goods and 48. A ‘negotiable instrument’ means
Services Tax
(A) Cheque payable either to order or to
(A) Custom Duty bearer
(B) Excise Duty (B) Bill of exchange
(C) A promissory note
(C) Service Tax
(D) All of the above
(D) Value Added Tax
45. Lorenz curve measures 49. The key reasons to impose the direct
taxes are
(A) Population growth rate
(A) Economic redistribution and stability
(B) Inequality of income
(B) Encouraging compliance
(C) Illiteracy
(D) Unemployment (C) Revenue generation
(D) All of the above
46. Which is one of the most basic
nces on an individual’s needs,
50. The Value Added Service of EXIM
wants and behaviour ?
Bank is
(A) Product
(A) Line of credit
(B) Price
(B) Export marketing services
(C) Brand
(C) Buyers credit
(D) Culture
(D) Pre-shipment credit
47. In which plan land reform was the main
goal of Bihar ? 51.
(A) The Second Five Year Plan (A) Supaul
(B) Thakurganj
(B) The Third Five Year Plan
(C) Darbhanga
(C) The Fourth Five Year Plan
(D) Bahadurganj
(D) The First Five Year Plan
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52. Which of the following is not correctly 55. The concept of ‘Marginal Man’ was
matched ? propounded by
(A) Louis Wirth
(A) 10th Five Year Plan – Double the
per capita income of India in the (B) Robert E. Park
next 15 years (C) Louis Dumont
(B) 11th Five Year Plan – Rapid and more
inclusive growth
(C) 12th Five Year Plan – Faster, more 56. The revenue receipt is
inclusive and sustainable growth (A) Borrowing
(D) 9th Five Year Plan – Growth with (B) External grant
social justice and equality (C) Loan recovery
(D) Disinvestment
53. Plan holiday years in the Indian economy
was
57. Which is the poorest district of Bihar on
(A) 1965 – 1968
percentage of population basis in 2021 ?
(B) 1966 – 1969
(C) 1967 – 1970 (A) Supaul
(D) 1964 – 1967 (B) Kishanganj
(C) Araria
54. A penetration pricing is (D) East Champaran
(A) Attract customers to a new service
58.
(B) Attract customers to a new product
(A) Extra normal losses
by offering a lower price
(C) A marketing strategy (C) Average variable costs
(D) All of the above
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59. Which paradox is contradictory to 63. Regional Rural Bank was
Heckscher-Ohlin (H-O) theory ? established in India in the year
(A) Haberlar paradox (A) 26 January 1972
(B) Samuelson paradox
(B) 02 October 1974
(C) Leontief’s paradox
(C) 02 October 1975
(D) Learner paradox
(D) 15 August 1970
60.
form of 64. The strategy of rolling plan was adopted
by
(A) Oligopoly market
(B) Monopoly market (A) Indira Gandhi
(C) Monopolistic market (B) Rajeev Gandhi
(D) Perfect market (C) Narendra Modi
(D) Morarji Desai
61. What is not true about a cheque ?
(A) The cheque must contain the date 65. ‘Wage cut maintains full employment in
(B) It may contain a conditional order the economy’ is the view of
(A) Pigou
(C) The amount must be specially
(B) Keynes
(D) Cheque must be signed by the (C) J. K. Mehta
maker
(D) Marshall
62. The primary determinant of exchange
rates in the foreign exchange market is 66. The balance of payment account records
ow of foreign exchange on the
(A) Credit side
(B) Debit side
(C) Central bank policies (C) Both (A) and (B)
(D) Supply and demand for currencies (D) None of the above
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67. The primary goal to established India 70. Service Tax to be exempted on General
as a self-reliant and self-generating Insurance Scheme under the
economy is related to (A) Companies Amendment Bill
Scheme
(A) Second Five Year Plan
(B) Customer Protection Act
(B) Third Five Year Plan
(C) Producer Protection Scheme
(C) Fourth Five Year Plan (D) NIRMAYA Scheme
(D) First Five Year Plan
71. Correct description of propensity to
save is
68. Which state utilises the highest amount
(A) It denotes the ratio of savings to
of fertilisers ?
income
(A) Bihar (B) It is the additional income that does
not get saved
(B) Punjab
(C) It denotes the ratio of change in saving
to change in income
(C) Haryana
(D) It denotes the actual level of income
(D) UP at which it is equal to the saving
69. 72.
(A) Borrowings (A) Milk production and distribution
(B) Borrowings minus interest payments
(B) Flood control
(C) Both interest payments and
(C) Dam project
borrowings
(D) Interest payments (D) Irrigation project
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73. The ‘Ease 4.0 reforms agenda’ is 77. Food subsidy in India comprises of
related to
(A) Subsidy to farmers
(A) Higher Judiciary reforms
(B) Manufacturing sector reforms (B) Subsidies to Food Corporation of
(C) Global taxation reforms India
(D) Banking reforms
(C) Subsidy to consumers
74. Repo rate is being increased during (D) All of the above
(A) Prosperity
(B) Depression 78. Which is norms of distributive justice ?
(C) Recovery
(A) Power and needs only
(B) Responsibility only
75. The NABARD’s pilot project for (C) Equality and equity only
digitization of SHGs is called
(D) All of the above
(A) e – Shakti
(B) e – Samriddhi
(C) e – Techno 79. The correct statement about duopoly is
(D) e – Shanthi
(A) Duopoly is a special case for the
imperfect competition
76. Which of the following events
characterised the economic crisis of (B) Duopoly is a special case for the
1991 ? monopsony market structure
(A) Selling of gold from reserves
(C) Duopoly is a special case for the
oligopoly market structure
(C) Reduction in foreign exchange
reserves (D) Duopoly is a special case for the
(D) All of the above monopoly market structure
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80. The increase in the value of foreign 84. ‘The theory of employment multiplier’
exchange rate which is done intentionally was propounded by
by the government is called
(A) Kahn
(A) Appreciation
(B) Hansen
(B) Depreciation
(C) Devaluation (C) Keynes
(D) Revaluation (D) Marshall
81. Which of the following is not correctly 85.
matched ? NITI Aayog ?
(A) Second Five Year Plan –1956 to 1961 (A) Sindhushree Khullar
(B) Fourth Five Year Plan –1969 to 1974 (B) Suman B. Bery
(C) Fifth Five Year Plan –1974 to 1979
(C) Rajiv Kumar
(D) First Five Year Plan –1951 to 1956
(D) Arvind Panagariya
82. The approach of BOP explains the
relationship between domestic output 86. The income of farmers is stabilized in the
and trade balance is given by
times of crop failure through
(A) The elasticity approach
(B) The monetary approach (A) Buffer stock
(C) The absorption approach (B) Mutual funds
(D) The Keynesian approach (C) Crop insurance scheme
(D) Income insurance
83. Which of the following is not
87. OSMOS was introduced by RBI in the
(A) It raises foreign dependency
year
(B) It raises the government obligation
(A) 1995
(C) It determines the entire borrowing
needs of the government (B) 2000
(D) Repayments of various loans
(C) 2005
coupled with an interest,
(D) 1991
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88. India’s foreign trade basic problem is 92. IS and LM curve analysis explain
(A) Increasing quantity of weapons i. Money market equilibrium
imports
ii. Capital market equilibrium
(B) Payments of imports in rupees
iii. Product market equilibrium
(C) Increasing quantity of exports
iv. Foreign trade equilibrium
(D) Unfavourable terms of Trade
Choose the correct answer from the
options given below :
89. The ‘Iron Law of Wages’ is known as
(A) i and iii
(A) The marginal productivity theory of
wages (B) ii and iii
(B) Collective bargaining (C) ii and iv
(C) The wage fund theory
(D) i and ii
(D) The subsistence theory of wages
93. Primary purpose of conducting a ‘t-test’
90. In the Union Budget 2021-22 SVAMITVA in regression analysis is
Scheme is related to (A) Test individual parameter
(A) Property
(B) Test model accuracy
(B) Education
(C) Validate residual
(C) Skill
(D) Farming
91. 94. What is the accounting method of
known as national income ?
(A) Capital formation (A) Value-added approach
(B) Depreciation (B) Income approach
(C) The expenditure approach
(D) Investment (D) All of the above
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95. The government budget is 98. Number of scheduled Commercial Bank
(A) Estimated statement for the expected
annual expenses and income approximately
(A) More than 8 thousand but less than
(B) Details of expenditure and revenue
9 thousand
(B) Less than 8 thousand but more than
(C) Economy’s balance of payment
status 7 thousand
(D) The complete details of government (C) More than 9 thousand but less than
achievements 10 thousand
(D) Less than 7 thousand but more than
96. A Nation that has positive net exports 6 thousand
enjoys a trade of
(A) Loan
99. First paperless budget of India was
(B) Surplus
(A) Budget 2020 – 21
(C) Investment
(B) Budget 2021 – 22
(C) Budget 2022 – 23
(D) Budget 2019 – 20
97. The policy that helps to integrate a
domestic economy with the world
100. Currency swap is a method of
economy is known as
(A) Speculating in foreign exchange
(A) Globalisation
(B) Hedging against foreign exchange
(B) Liberalisation (C) Leverage instrument used by
cooperative banks
(C) Centralisation
(D) Mode of payment in international
(D) Privatisation trade
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Official key not published for this paper.
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Source: Bihar Public Service Commission. Question paper published by Bihar Public Service Commission.