HPAS 2021 Prelims Question Paper – Q13
Vadinar oil refinery is managed by:
(A) Reliance Industries
(B) Bharat Petroleum
(C) Essar Oil Ltd.
(D) Hindustan Petroleum
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Answer: C
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HPAS 2021 Prelims Question Paper – Q34
Given below are two statements:
Statement I: According to a World Bank working paper, extreme poverty in India dropped to 10.2% in the pre-Covid year of 2019 from as much as 22.5% in 2011.
Statement II: The paper uses the Consumer Pyramids Household Survey (CPHS) to provide estimates of how poverty and inequality in India have evolved since 2011.
In the light of the above statements, choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
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Answer: A
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HPAS 2021 Prelims Question Paper – Q35
Given below are two statements:
Statement I: Development expenditure of the Central Government does not include defense expenditure and grants to states.
Statement II: Non-development expend involves Interest payments and Subsidies.
In the light of the above statements choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
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Answer: D
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HPAS 2021 Prelims Question Paper – Q36
Given below are two statements:
Statement I: Deficit financing cannot create inflation in an economy.
Statement II: If RBI reduces the cash reserve ratio, the credit creation will decline.
In the light of the above statements, choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
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Answer: B
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HPAS 2021 Prelims Question Paper – Q37
Given below are two statements:
Statement I: Low-income countries (LICs) and lower-middle-income countries (LMICs) have high prospective growth rates and high marginal productivities of capital.
Statement II: They should borrow, and borrow heavily, in order to finance a broad-based increase in investments on human capital (education and health), public infrastructure… and environmental protection.
In the light of the above statements, choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
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Answer: A
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HPAS 2021 Prelims Question Paper – Q39
Consider the following statements:
1. If Indian economy is in equilibrium at the point where plans to save and to invest are equal, then government expenditure must be equal to government income.
2. In pursuance with the recommendations of Narsimham Committee the RBI has framed new guidelines to setup more foreign exchange banks.
3. Redistribution policies geared to reduce economic inequalities include progressive tax policies.
4. The currency convertibility concept in its original from originated in Taylors Agreement.
Choose the correct answer from the options given below:
(A) (1) and (3) only
(B) (2) and (3) only
(C) (1) and (4) only
(D) (2) and (4) only
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Answer: A
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HPAS 2021 Prelims Question Paper – Q40
Consider the following statements:
(1) Gross capital formation consists of outlays on additions to the fixed assets of the economy plus gross changes in the level of inventories.
(2) Net value added at factor cost is the sum total of all the factor payments.
(3) The National Income is the total amount of income accruing to a country from economic and non-economic activities in year time.
(4) In moving from national income to Personal income we must subtract the incomes earned but not received and add incomes received but not currently earned.
Choose the correct answer from the options given below:
(A) (1) and (3) only
(B) (1) and (4) only
(C) (2) and (3) only
(D) (2) and (4) only
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Answer: D
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HPAS 2021 Prelims Question Paper – Q41
Consider the following statements:
(1) The green economy could add more than 54 million jobs worldwide by 2030.
(2) World over the additional investment to avoid future pandemics is estimated to be only $15 billion a year.
(3) Over 90 percent of countries saw their HDI value drop in either 2020 or 2021.
(4) The economic gains from phasing out coal could amount to as much as 1.7 percent of global GDP every year.
Choose the correct answer from the option given below:
(A) (1) and (3) only
(B) (1) and (2) only
(C) (2) and (3) only
(D) (3) and (4) only
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Answer: C
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HPAS 2021 Prelims Question Paper – Q44
Match List I with List II:
List I
(a) Gini coefficient (b) PISA score (c) Human Trophic Level (d) Palma ratio
List II
(i) a measure of the energy intensity of diet composition.
(ii) assesses how far students near the end of compulsory education have acquired some of the knowledge and skills…
(iii) measures the extent to which the distribution of income among individuals or households… deviates perfectly equal distribution.
(iv) The share of all income received by the 10% people with highest disposable income divided by the share of all income received by the 40% people with the lowest disposable income.
Choose the correct answer from the options given below:
(A) (a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
(B) (a)-(ii), (b)-(iii), (c)-(iv), (d)-(i)
(C) (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)
(D) (a)-(ii), (b)-(i), (c)-(iv), (d)-(iii)
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Answer: A
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HPAS 2021 Prelims Question Paper – Q45
Match List I with List II:
List I
(a) Conglomerate (b) Golden handshake (c) Blue Chip (d) Laissez Faire
List II
(i) The company that has acquired interest in different industries by taking over or merging with other companies.
(ii) an economic system in which transactions between private groups of people are free from any form of economic interventionism.
(iii) an employment agreement which states that the employer will provide a significant severance package…
(iv) stock in a stock corporation with a national reputation for quality reliability…
Choose the correct answer from the options given below:
(A) (a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
(B) (a)-(ii), (b)-(iii), (c)-(i), (d)-(iv)
(C) (a)-(i), (b)-(iii), (c)-(iv), (d)-(ii)
(D) (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)
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Answer: C
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HPAS 2021 Prelims Question Paper – Q80
Which of the following is not the main objective of Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR)?
(i) To strengthen the farmer’s efforts through creation of required pre- and post-harvest agri-infrastructure…
(ii) To promote value chain addition linked production modules that will help farmers increase their income…
(iii) To attend national priorities through several sub-schemes.
(iv) To empower youth through skill development, innovation and agri-entrepreneurship based agri-business models…
(A) (iii) and (iv)
(B) All of these
(C) None of these
(D) (i) and (ii)
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Answer: C
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