[Test 1] Rajasthan RPSC College Lecturer Test Series 2021 for Economics

Rajasthan RPSC College Lecturer Exam 2021 Test Series for Economics in English and HindiRajasthan Public Service Commission conducts the recruitment for Technical and Non Technical Education Department for the post of Lecture. The Rajasthan Public Service Commission has released the recruitment for Assistant Professor and lecturer (Technical Education) Posts. There are 918 vacancies for these posts. This is a big opportunity for candidates who waiting for jobs in RPSC. It is essential to know details like Exam Pattern, Syllabus, Exam Date, Previous Year Papers, and Admit Card.

RPSC Lecturer Exam 2021 Test Series: 25 High Quality Economics Mock Tests with answers PDF in English and Hindi Medium as per syllabus, Based on Trending and Previous Papers Analysis, which will definitely improve your confidence and score in real exam.

Rajasthan RPSC College Lecturer Test Series 2021 for Economics – Click Here

Practice Test 1

1. What is the number of members in the Monetary Policy Committee (MPC)?

[A] 4
[B] 5
[C] 6
[D] 7

2. Which among the following defines ‘currency depreciation” of a currency?

[A] Fall in the exchange rate of one currency in terms of other currencies
[B] Fall in the exchange rate of other currencies in terms of one currencies
[C] Decrease in the volume of a particular currency
[D] Increase in the exchange rate of a currency

3. Which among the following correctly categorizes Collateralized Borrowing and Lending Obligation?

[A] A market operation
[B] A money market instrument
[C] A clearing system
[D] A Scheme of Reserve Bank of India

4. What was the Authorized capital and paid up capital of NABARD in 1982 when it was established?

[A] Rs. 500 crore and Rs. 200 Crore respectively
[B] Rs. 500 crore and Rs. 100 Crore respectively
[C] Rs. 500 crore and Rs. 300 Crore respectively
[D] Rs. 500 crore and Rs. 500 Crore respectively

5. In context with the inflation control, what is the meaning of sterilization for foreign inflow?

[A] filtering the black money
[B] compliance with import export regulations
[C] withdrawing a equivalent local currency to maintain desirable rate of exchange
[D] allowing currency trade futures

6. If a commodity has more number of substitutes, the demand for this commodity wills be_______?

[A] More elastic
[B] less elastic
[C] inelastic
[D] perfectly elastic

7. Which among the following is considered as an important power of World Bank?

[A] World Bank has right to insist on pegged parities
[B] World Bank has right to float Bonds and use the proceeds for loans
[C] World Bank has right to buy gold below current Gold prices
[D] All are correct

8. In which year The Payment and Settlement Systems (PSS) Act came into force?

[A] 2005
[B] 2006
[C] 2007
[D] 2008

9. In which of the following Industrial Policy Statements, Tiny Unit was defined for the very first time in India?

[A] New Industrial License Policy 1970
[B] Industry Policy Statement 1973
[C] Industry Policy Statement 1970
[D] Industrial Policy Statement 1977

10. In Financial Language, Fixed to Floating and Floating to Floating are used in context with which among the following?

[A] Interest rates
[B] Swaps
[C] Foreign Exchange Rates
[D] None of them

11. Which among the following is the Biggest Borrower in India?

[A] Indian Government
[B] Reserve Bank of India
[C] Indian Railways
[D] State Governments

12. The provisions relating to promissory notes have been incorporated in which among the following acts?

[A] Indian Contract Act
[B] Indian Partnership Act
[C] Negotiable Instruments Act
[D] None of the above

13. The Tobin tax, initially suggested by James Tobin was a tax on which among the following transactions?

[A] Property Transactions
[B] Currency Transactions
[C] Industrial transactions
[D] All of above

14.Which among the following cannot be called an antiinflationary measure?

[A] Raising the Bank Rates
[B] Raising the Reserve Ratio Requirements
[C] Purchase of securities in the Open Markets
[D] Rationing of the Credit

15.Which among the following is the largest export market for India, for its marine products?

[B] EU
[C] China
[D] Japan

16.Which among the following body regulates Mutual Funds in India?


17.Urban Co-operative banks are governed by?

[A] State Governments
[C] Both a and b
[D] Central Government

18.Foreign Direct Investment(FDI) and Foreign Institutional Investment(FII) are distinct in terms of?

[A] FDI brings capital, technology & management and FII brings only capital
[B] FDI targets specific sectors and FII help in increasing foreign capital availability
[C] FII is considered more stable
[D] FII targets both primary and secondary market while FDI targets only primary.

19.Which of the following statements is/are correct, with respect to debenture holder and equity share holder?

  1. Equity shares are a part of share capital whereas debenture is a part of loan
  2. Equity share holder possess ownership rights in the company whereas debenture holders do not possess ownership rights
  3. At the time of liquidation, debenture holders are given preferences over equity holders

Select the correct option from the codes given below:

[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 1 & 3
[D] 1, 2 & 3

20.How the government uses fiscal policy as an instrument to combat inflation?

  1. By increasing public expenditure
  2. By increasing public debt
  3. By delaying the payment of old debts
  4. By increasing taxes

Select the correct option from the codes given below:

[A] Only 1, 2 & 3
[B] Only 2, 3 & 4
[C] Only 1, 3 & 4
[D] 1, 2, 3 & 4

21.Liquidity Adjustment Facility (LAF) is used by RBI to bring changes in which of the following? 

  1. CRR and SLR
  2. Repo and Reverse Repo rates
  3. Bank rate

Choose the correct option from the codes given below:

[A] 1,2,3
[B] 1 and 2
[C] 1 Only
[D] 2 Only

22. If the Reserve Bank of India wants to increase the Cash Reserves commercial Banks, which among the following would be the most probable step taken by it ?

[A] Release Gold from its reserves
[B] Buy bonds in the open market
[C] Prohibit the transactions that involve bill of exchange
[D] Increase the tranche reserves with the IMF

23.Which of the following places of the world is known for ‘Guano’, a uniquely-produced natural fertilizer which has a high concentration of nitrates?

[A] Tierra del Feugo
[B] Atacama desert
[C] Minas Gerais of Brazil
[D] Coastal headlands and Islands of Peru

24.Which among the following closest instrument to Gold ETF? 

[A] Debenture
[B] G-Sec security
[C] Mutual Fund
[D] Commercial Paper

25.Consider the following statements about Kul Irrigation technique:

  1. The technique is most prevalent in southern India
  2. The method involves natural or artificial removal of surface and sub-surface water from a given area

Which of the above statements is/are correct?

[A] 1 Only
[B] 2 Only
[C] Both 1 & 2
[D] Neither 1 nor 2

26.Which among these was not Stipulated in the Fiscal Responsibility And Budget Management Act 2003?

[A] Elimination of revenue deficit
[B] Elimination of primary deficit
[C] Non-borrowing by the central government from RBI except in certain situations
[D] Fixing government guarantees in any financial year as a percentage of GDP

27.Which of the following countries recently announced to withdraw from Trans-Pacific Partnership (TPP)?

[A] U.S.A
[B] Japan
[C] Singapore
[D] Canada

28.Recently, the RBI launched Sovereign Gold Bond (SGB) Scheme 2018-19 Series V subscriptions. Consider the following statements with respect to the Gold Bond Scheme?

  1. The bonds can be used as collateral for loans
  2. Capital gain arising out of redemption of sovereign gold bond is tax exempt
  3. While the minimum permissible investment is 1 gram of gold, maximum permissible investment is 500 grams

Which of the above statements is/are correct?

[A] 1 & 2 Only
[B] 1 & 3 Only
[C] 2 & 3 Only
[D] 1, 2 & 3

29.Consider the following statements about the Ujjwal DISCOM Assurance Yojna:

  1. The scheme is optional for all the states
  2. The scheme aims for financial restructuring of debt of power distribution companies with the help of state issued bonds

  Which of the above statements is/are correct?

[A] 1 Only
[B] 2 Only
[C] Both 1 & 2
[D] Neither 1 nor 2

30.Which of the following industries is the major beneficiary of the Mumbai port ?

[A] Sugar and Cotton textile industry
[B] Cotton textile and Petrochemical industry
[C] Iron and Steel industry
[D] Engineering and Fertilizer industry

31.Who is the author of Das Kapital?

[A] J S Mill
[B] Adam Smith
[C] Keynes
[D] Karl Marx

32.Who is the autor of the book “Utilitarianism”?

[A] Jermy bentham
[B] Immanuel Kant
[C] J S Mill
[D] David Ricardo

33.Who is the founder of the Indian Statistical Institute in Kolkata?

[A] C.R.Rao
[B] P.C.Mehalonibis
[C] Yoginder K ALagah
[D] Amartya Sen

34.In which economy, consumers choice plays a key role in the functioning of the economy?

[A] Capitalist economy
[B] Mixed economy
[C] Socialist economy
[D] Both a and b

35.In which system of economy is the “participation of the workers in the collective bargaining” is a feature?

[A] Socialist economy
[B] Mixed economy
[C] Market Economy
[D] Traditional Economy

36.Which private company owned Air India before Nationalization in 1953?

[A] Birla Industries
[B] Reliance group
[C] Tata group
[D] Adani group

37.For the first time, indicative planning was used in which FIve Year Plan?

[A] Third Five Year Plan
[B] Fifth Five Year Plan
[C] Eighth Five Year Plan
[D] Tenth Five Year Plan

38.What is the Horticulture premium in the PM Fasal Bima Yojna?

[A] 5%
[B] 2%
[C] 4%
[D] 6%

39.Which Irrigation system cannot be used for growing Paddy?

[A] Sprinkler
[B] Canal
[C] Tank
[D] Well

40.Which among the following is correct for a Registered seed?

[A] Genetic identitiy is not maintained
[B] Purity of genes is considered
[C] A Violet color certificate is issued
[D] It is breeded only by public sector

41.Which International organization releases the Global Forest Assessment report?

[B] World economic forum
[D] International Union of Forests research organization

42.In which forest the shrub Neelakurinji blossoms?

[A] Nilgiri Biosphere reserve
[B] Gir forests
[C] Jim Corebette National park
[D] None of the above

43.Which among the following are included in essential commodities under the essential commodities act,1955?
1. Foodstuff
2. Drugs
3. Fuel
Choose the correct option from the codes given below:

[A] 1 only
[B] 1 and 2 only
[C] 1 and 3 only
[D] None of the above

44.What is the percentage of crops processed by the food processing industry?

[A] 5%
[B] 2%
[C] 8%
[D] 10%

45.In which year was the National centre for cold chain development established?

[A] 2011
[B] 2012
[C] 2013
[D] 2014

46.Which of the statement is correct regarding ATMA?

[A] ATMA is responsible for technology dissemination at state level
[B] Chief Minister is chairman of ATMA
[C] It uses PSU’s to organize farmers
[D] It aims at pilot testing new institutional arrangements for technology dissemination

47.What is the main aim of National Mission for sustainable agriculture?

[A] Promoting Sustainable Agriculture through climate change adaptation measures
[B] Promoting Sustainable Agriculture through HYV variety seeds
[C] Promoting Sustainable Agriculture through increasing productivity of crops
[D] Promoting Sustainable Agriculture through increased irrigation

48.Which Industry was more focussed in the Industrial policy of 1956?

[A] Cottage and small scale industry
[B] Infrastructure
[C] Manufacturing
[D] Service

49.Which sectors among the following are reserved for the government exclusively?

[A] Railways
[B] Roadways
[C] Airports
[D] None of the above

50.Which sector of the economy has more weightage in IIP calculation?

[A] Manufacturing
[B] Mining
[C] Electricity
[D] Services

51.The National Kamadhenu breeding centre is going to be set up in which state?

[A] Haryana
[B] Andhra Pradesh
[C] Bihar
[D] Odisha

52.What is the maximum land for the right to ownership of land farmed by tribals or forest dwellers?

[A] 5 Hectares
[B] 6 Hectares
[C] 8 Hectares
[D] 4 Hectares

53.What is India’s rank in the Global wool production?

[A] 2
[B] 5
[C] 9
[D] 10

54.Which among the following not an advantage of beekeeping?

[A] Honeybees increase the crop yield
[B] Honeybees pollinate crops
[C] Honeybees produce royal jelly
[D] None of the above

55.What is a rainbow diet?

[A] Inclusion of meat in diet
[B] Inclusion of pulses in diet
[C] Inclusion of fruits and vegetables in diet
[D] Inclusion of fish in diet

56.What is the amount produced under the PM Kisan Yojna by the central government per acre of land?

[A] Rs 5000
[B] Rs 7000
[C] Rs 6000
[D] Rs 8000

57.Which of the statement is correct regarding ATMA?

[A] ATMA is responsible for technology dissemination at state level
[B] Chief Minister is chairman of ATMA
[C] It uses PSU’s to organize farmers
[D] It aims at pilot testing new institutional arrangements for technology dissemination

58.Who administers the Industries (Development and Regulation) Act 1951?

[D] None of the above

59.What is the full form of AMRUT?

[A] Atal Mission for Revamping and Urban Transformation
[B] Atal Mission for Rejuvenation and Urban Transformation
[C] Atal Mission for Rejuvenation and Urban Transformation
[D] Atal Mission for Revamping and Urban Trade

60.Where is the headquarters of Ordinance factories?

[A] Mumbai
[B] Kolkata
[C] Delhi
[D] Hyderabad

61.What is the main objective of ASPIRE scheme?

[A] Set up incubation centres
[B] Create new jobs
[C] Promote MSME’s
[D] All of the above

62.Which industry is the second largest employer in India?

[A] Railway
[B] Textile
[D] Pharmaceuticals

63.What is the full of the electric vehicle scheme FAME?

[A] Faster Adoption and Manufacturing of Electric Vehicles
[B] Faster Adoption with Manufacturing and providing electricity
[C] Finer Adoption and Manufacturing of Electric Vehicles
[D] Finer adjustment and manufacturing of Electric vehicles

64. What is the growth rate of plastic processing in India during the last 5 years?

[A] 8.8%
[B] 3.5%
[C] 6.7%
[D] 10.9%

65. What is the contribution of rural areas to FMCG spending?

[A] 55%
[B] 46%
[C] 36%
[D] 65%

66.What is the contribution of Gems and Jewellery sector of India to world’s consumption?

[A] 10%
[B] 16%
[C] 29%
[D] 34%

67. Which American luxury jewellery brand opened its first store in India in 2020?

[A] Cartlier
[B] Tiffany & Co
[C] Pandora
[D] None of the above

68. Which country is the major exporter of Gems and jewellery to India?

[B] Hong Kong
[C] Switzerland

69. Which city has major Residential houses sold in 2019?

[A] Delhi
[B] Hyderabad
[C] Mumbai
[D] Pune

70.Which country is the largest steel exporter in the world?

[A] India
[B] Japan
[D] China

71.What is the share of paper in Indian imports?

[A] 2.3%
[B] 1.7%
[C] 3.4%
[D] 5.3%

72. What is CAGR of the service sector in the last 5 years?

[A] 2.34%
[B] 1.45%
[C] 4.54%
[D] 3.22%

73.Which among the following global companies invested Reliance Jio’s divestment for fundraising?
1. Facebook
2. Lake Vista
3. General Atlantic
4. TPG capital
Choose the correct option from the choices given below:

[A] 1,2 and 3 only
[B] 1 and 4 only
[C] 1 and 3 only
[D] 1,2,3 and 4

74. What is the main objective of “Study in India” scheme?

[A] Bring back Indian students to India
[B] Bring back Indian origin students to India
[C] Attract foreign students to study in India
[D] none of the above

75. Which Institution launched Start up Hub portal?

[A] Ministry of commerce
[B] Ministry of Electronics and Information technology
[C] NITI Aayog
[D] None of the above

76. What is the amount of money spent on training the workforce by India?

[A] $4.3 billion
[B] $1.6 billion
[C] $2 billion
[D] $3.5 billion

77. What is the growth rate experienced by the Indian Advertising market?

[A] 10.2%
[B] 9.2%
[C] 6,7%
[D] None of the above

78. In which year was the telephone switchboard (exchange) was invented?

[A] 1830
[B] 1857
[C] 1871
[D] 1876

79. Which among the following countries is/are the leading importers of food products among the agricultural sector?

  1. US
  2. France
  3. Italy
  4. Japan

Select the correct code from the options given below:

[A] Only 1 & 2
[B] Only 1, 2 & 4
[C] Only 2, 3 & 4
[D] 1, 2, 3 & 4

80.Which among the following statements is/are correct about communication and services?

  1. The maximum development of communications and services sectors has taken place in the economically developed countries of North America and Western Europe.
  2. Developing countries with a large and skilled manpower like China and India are making rapid progress in the services sectors due to relatively lower labour costs here.

Select the correct code from the options given below:

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 & 2

81.In which form does the banks hold the SLR set by RBI?
1. Government bonds
2. Gold
3. Public sector bonds
Choose the correct option from the choices given below:

[A] 1 and 2 only
[B] 1 only
[C] 2 and 3 only
[D] 1,2 and 3

82. Which among the following are the determinants of interest rates?
1. Inflation
2. Promotion of savings
3. Need for growth
Choose the correct option from the choices given below:

[A] 1,2 and 3
[B] 1 and 2 only
[C] 1 and 3 only
[D] 2 and 3 only

83. Which institution Manages G-Secs?

[A] Government of India
[B] State Government

84. National Wind Resource Assessment Programme was launched in?

[A] 1990
[B] 1985
[C] 1989
[D] 1982

85. What is the rank of India in terms of overall energy consumption in the world?

[A] 6
[B] 5
[C] 3
[D] 4

86. Which is the first ISO 9001: 2000 certified Aviation Company in India ?

[A] Airports Authority of India
[B] Pawan Hans Helicopters Limited
[C] Air India Limited
[D] Air India Charters Limited

87.Under which article education is termed as a fundamental right in Indian Constitution?

[A] 22-B
[B] 24-c
[C] 21-A
[D] 22-D

88.Which of the following measure is taken by RBI to infuse liquidity in the economy:
1. purchase government securities
2. decrease interest rates
3. Raise CRR
4. Reduce SLR
Choose the correct option from the choices given below:

[A] 1 and 4
[B] 1,2 and 4
[C] 1 and 3
[D] 3 and 4

89.Which government institution regulatess SIDBI?

[C] Department of Finance

90.Where is the headquarters of  IRDAI located?

[A] Hyderabad
[B] Lucknow
[C] Mumbai
[D] Delhi

91.In which list under the seventh schedule does shipping comes?

[A] Union list
[B] State list
[C] Concurrent list
[D] None

92.Which among the following is the aim of Setu Bharatam?

[A] Make highway free of rail crossing
[B] Make inland waterways navigable
[C] Create new inland waterways
[D] Make inland ports

93.Which country is the world’s largest oil consumer?

[B] India
[C] China
[D] Russia

94.Which among the following is solid fuel?

[B] Coke
[D] Coal

95.How many oil refineries are present in India?

[A] 20
[B] 23
[C] 18
[D] 15

96.Which among the following status is granted to ONGC?

[A] Miniratna
[B] Maharatna
[C] Megaratna
[D] Navaratna

97.What is India’s rank in Gas consumption in the world?

[A] 12
[B] 13
[C] 14
[D] 15

98.What is the maximum capacity of a Mini Hydropower plant?

[A] 100 MW
[B] 2 MW
[C] 25 MW
[D] 10 MW

99.In which year India carried out “Operation Smiling Buddha”?

[A] 1978
[B] 1977
[C] 1974
[D] 1971

100.Which state has the largest Thorium reserves in India?

[A] Karnataka
[B] Andhra Pradesh
[C] Tamil Nadu
[D] Kerala

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