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Home Shop Competitive Exams Master the Indian Economy in 30 Days: Both Basics & Recent Trends !

Master the Indian Economy in 30 Days: Both Basics & Recent Trends !

Original price was: ₹2,000.00.Current price is: ₹297.00.

30 Days Master Economy Through Daily Questions & Answers with proper Explanations

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Introducing the “Economy Questions for Competitive Exams” course—a comprehensive 30-day program designed specifically to boost your preparation for the Economy section in competitive exams like UPSC, SSC, RBI, and others. This course delivers 10 carefully curated questions daily (with Answers and Explanations), covering a wide range of subjects related to the Indian Economy, ensuring you’re fully prepared for the upcoming exams.

DEMO QUESTIONS:


1. In the context of India’s fiscal policy, the government recently introduced the “Counter-cyclical Fiscal Policy” to stabilize the economy during fluctuations. Which of the following best defines this policy approach?

  • A) Increasing government expenditure during an economic boom to prevent overheating.
  • B) Cutting public expenditure and raising taxes during a recession to control inflation.
  • C) Increasing public spending and reducing taxes during a recession while cutting spending during a boom.
  • D) Raising interest rates during a downturn to promote savings.

2. The “Taylor Rule,” a frequently cited principle in central bank policy decisions, has been in the news due to inflationary concerns globally. How does the Taylor Rule suggest central banks adjust nominal interest rates?

  • A) Based solely on GDP growth rates.
  • B) Based on inflation gap and output gap.
  • C) Based on changes in the fiscal deficit.
  • D) Based on money supply growth.

3. Recently, discussions about “Secular Stagnation” have resurfaced in global economic discourse. What is the primary feature of secular stagnation?

  • A) Persistent high inflation despite slow economic growth.
  • B) A prolonged period of low interest rates, low inflation, and stagnant economic growth.
  • C) A steady increase in public debt due to rising government expenditures.
  • D) High unemployment rates accompanied by rapid inflation.

4. In light of recent changes in the global economy, “Stagflation” has become a critical concern. Which of the following is a characteristic of stagflation?

  • A) High inflation and high unemployment.
  • B) Low inflation and rapid economic growth.
  • C) Deflation combined with rising employment.
  • D) Economic growth without inflation.

5. The International Monetary Fund (IMF) has recently revised its projections for the “World Economic Outlook.” One of the key measures is the “output gap.” What does a positive output gap imply for an economy?

  • A) The actual output is higher than the potential output, leading to inflationary pressure.
  • B) The actual output is lower than potential output, indicating underutilization of resources.
  • C) There is no difference between actual and potential output, indicating equilibrium.
  • D) The economy is in a deflationary phase with lower than potential output.

6. “Phillips Curve” has often been debated in economic policy circles. Recently, there has been a focus on the flattening of the Phillips Curve in the context of global inflation trends. What does this flattening signify?

  • A) A stronger relationship between unemployment and inflation.
  • B) A breakdown of the relationship between unemployment and inflation.
  • C) Higher inflation with higher employment rates.
  • D) Lower inflation with higher unemployment rates.

7. The concept of “Quantitative Easing” has gained prominence in the context of post-pandemic recovery. Which of the following best explains its impact on an economy?

  • A) It directly increases the central bank’s interest rates to curb inflation.
  • B) It increases the money supply by purchasing government bonds and other securities, lowering interest rates.
  • C) It reduces government borrowing and fiscal deficit by decreasing public spending.
  • D) It involves selling government bonds to decrease liquidity in the market.

8. India’s recent macroeconomic discussions have revolved around the concept of the “Impossible Trinity” or “Trilemma” in international economics. Which of the following is NOT a component of this trilemma?

  • A) Fixed exchange rate.
  • B) Independent monetary policy.
  • C) Free capital mobility.
  • D) High fiscal deficit.

9. With rising concerns about global inflation, “cost-push inflation” has become a term in focus. Which of the following is a primary driver of cost-push inflation?

  • A) Excess demand in the market.
  • B) Increase in consumer spending due to lower interest rates.
  • C) Rising input costs, such as wages and raw materials.
  • D) Excess supply in the market leading to price cuts.

10. In the context of post-pandemic recovery, the “K-shaped recovery” has been a widely discussed term. What does the K-shaped recovery signify?

  • A) Economic recovery where all sectors of the economy recover uniformly.
  • B) A recovery pattern where different sectors and groups in the economy recover at different paces, with some growing and others declining.
  • C) A recovery characterized by an initial sharp downturn followed by rapid economic growth across sectors.
  • D) A recovery where inflation and unemployment rise simultaneously, leading to slower growth.

 

Why You Should Buy This Course Today:

1. Structured Preparation for 30 Days:

  • For the next 30 days, you will receive 10 questions every day directly to your inbox. This daily practice will help you consistently revise, absorb, and master the economy topics with ease.

2. Coverage of Basics + Current Affairs:

  • Not only will you revise fundamental concepts like monetary policy, fiscal policy, inflation, and government budgeting, but you’ll also get questions on recent developments and important contemporary issues. This combination is crucial for competitive exams like UPSC, where both the basics and current affairs play a major role in scoring well.

3. With Correct Answers:

  • Each question will come with a correct answer and explanation, helping you to not only solidify your knowledge but also help in correcting any misconceptions instantly.

4. Revise Effectively Without Overwhelm:

  • Preparing for the economy section can feel overwhelming, especially with so many topics to cover. This course breaks it down into digestible daily chunks so you can revise progressively without burning out.

5. Boost Confidence with Exam-like Questions:

  • The questions are modeled after previous years’ exam patterns, ensuring that you are solving the kind of questions that are highly likely to appear in exams. By the end of this course, you will be confident and ready to tackle the toughest economy-related questions.

6. Time-saving and Efficient:

  • With pre-made questions delivered directly to you, there’s no need to spend extra hours searching for the right study materials. This course saves you time, allowing you to focus on consistent learning.

7. Stay Updated with the Latest Trends:

  • The course includes questions on recent economic policies, budget updates, and global economic shifts that impact India, keeping you ahead in the game when it comes to current affairs.

8. Build Exam-ready Knowledge:

  • By answering these questions daily, you will steadily build the depth of knowledge needed to answer the Economy section confidently, especially in exams like UPSC, where unexpected questions are common.

Who Should Enroll?

  • UPSC Civil Services Aspirants preparing for Prelims
  • SSC CGL & CHSL Candidates aiming to strengthen their Economy section
  • RBI & Banking Exam Candidates looking to excel in the Economics & General Awareness sections
  • Any aspirant who wants to improve their understanding of the Indian Economy and stay updated with recent developments

Course Benefits:

  • Daily Bite-Sized Learning: Questions delivered in small, manageable sets every day make studying easy and stress-free.
  • Reinforce Knowledge: Whether you’re a beginner or revising the Economy section, this course helps you retain information more effectively.
  • Save Time on Preparation: No need to sift through multiple resources. We provide the most relevant and recent topics in one place, helping you focus on what’s important.
  • Boost Exam Confidence: Practicing 300 questions over 30 days ensures you are fully equipped to face any Economy-related question in your exam.

How This Course Works:

  • Day 1 to Day 30: Each day, you’ll receive 10 questions via email or through our learning platform. The questions cover topics like monetary policy, fiscal policy, inflation, government budgets, foreign trade, economic reforms, and current economic trends.
  • Review & Learn: After attempting the questions, you will receive the answers. This will help you grasp both the factual and conceptual aspects of the Indian Economy.

What You Will Achieve:

By the end of this 30-day course, you will:

  • Have comprehensive knowledge of the Indian Economy, ready for any competitive exam.
  • Be able to confidently answer questions on the Economy section, including complex topics and recent changes.
  • Save hours of preparation time by following a structured, efficient study plan.

Enroll Now and Start Mastering the Indian Economy Today!

Don’t miss this chance to simplify your Economy preparation. With expert-curated questions, daily practice, and in-depth answers, you’ll be fully prepared to ace the Economy section of your upcoming exam.

This course offers you a systematic, convenient, and thorough revision plan that no aspirant can afford to miss. Whether you are a beginner or someone who wants to fine-tune your knowledge, this is the perfect opportunity to sharpen your economy skills and maximize your exam performance.