Bihar Economy-Sample Questions- BPSC Test Series

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<<–2/”>a >span style=”color: #000000;”>Q1. Under Bihar Shatabdi Unorganised Sector Workers and Artisans Social Security Scheme 2011, Bihar State Labour Welfare Society has been formed with the objective _______.

  1. to provide social security to the Organized workers and artisans of the state
  2. to provide social security to the unorganized workers and non- artisans of the state
  3. to provide social security to the unorganized workers and artisans of the state
  4. to provide social security to the unorganized including Organized workers and artisans of the state

Q2. Which of the following best describes ‘Care economy‘?

  1. It is an economic system in which deliberate attention is paid to Good Governance policies for the dependent Population.
  2. It consists of the work done by Women at home taking care of the household chores.
  3. It is an economic system in which genuine care for people and nature is the top priority.
  4. It refers to the philosophy of making investments in demographic dividend to ensure better economic results in future

Q3. The State Government has initiated Chief Minister Family Benefit Scheme from 2012-13. This provides one time grant of ________in case of death, due to either accident or criminal activity

  1. 10,000
  2. 20,000
  3. 25,000
  4. 50,000

Q4. Which of the following measures can be used to reduce Inflation?

  1. Increasing Cash Reserve Ratio (CRR).
  2. Increasing Statutory Liquidity Ratio (SLR).
  3. Reducing Fiscal Deficit.
  4. Reducing Reverse Repo rate.

Select the correct answer using the code below.

  1. 1 and 2 only
  2. 1, 2 and 3 only
  3. 3 and 4 only
  4. 1, 2, 3 and 4

Q5. Under centrally sponsored scheme of Model Career Centres (MCC), the planned centres have been established in sub-regional EMPLOYMENT Exchanges at_______.

  1. Patna
  2. Muzaffarpur
  3. Patna and Muzaffarpur
  4. None of the above

Q6. Which of the following Services are accounted in the Gross Domestic Product of a country?

  1. services rendered by a domestic help
  2. services rendered by a worker from unorganized sector
  3. services produced in Indian embassies located abroad
  4. services produced in military establishments located abroad

Select the correct answer using the codes given below.

  1. 1 and 2 only
  2. 1, 2 and 3 only
  3. 2, 3 and 4 only
  4. 1, 2, 3 and 4

Q7. To finance its deficit, government prefers borrowing from public over RBI. What can be the best reason for this?

  1. Rate of interest charged by RBI is higher.
  2. Government has to return the sum to RBI within a fixed period of time.
  3. Public borrowing does not affect the Money-supply-2/”>Money Supply in the market.
  4. It increases the sale of Bonds/”>Government Bonds

Q8. In order to enhance the scope of Skill development, _______have been selected by Bihar Skill Development Mission (BSDM) and it is being implemented by ______of the state government.

  1. 149 courses and 12 Departments
  2. 125 courses and 12 Departments
  3. 149 courses and 15 Departments
  4. 125 courses and 15 Departments

Q9. Consider the following statements:

  1. The Net Domestic product can be lesser than or equal to Gross Domestic Product for the same year.
  2. Gross National Product of an economy is always lesser than its Gross Domestic Product for the same year.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q10. In order to expand the employment opportunities and fulfill the target of Aarthik Hal, Yuvaon ko Bal, one of the components of Saat Nischay, the state government has launched Kushal Yuva Programme on ______.

  1. October 1, 2016
  2. October 2, 2016
  3. October 20, 2016
  4. October 10, 2016

Q11. With reference to ‘Effective Revenue Deficit‘, consider the following statements:

  1. It was introduced on the recommendation of 13th Finance Commission.
  2. It includes all the Revenue Expenditure done in the form of grants for creation of capital assets.
  3. Grants given under MNREGA to build capital assets like roads and ponds forms part of it.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 and 3 only
  3. 3 only
  4. None

Q12. Qualified Foreign Investors (QFIs) are allowed to invest in which of the following segments of the Capital Market?

  1. Mutual Funds
  2. Equities
  3. Corporate Debt

Select the correct answer using the code given below.

  1. 1 and 3 only
  2. 2 only
  3. 2 and 3 only
  4. 1, 2 and 3

Q13. Under Kushal Yuva Programme, youth between age group of ____will receive training in Communication skills (Hindi and English), Software skills and basic computer skills.

  1. 12-25 years
  2. 15-30 years
  3. 15-25 years
  4. 18-25 years

Q14. Consider the following pairs:

Type of Unemployment : Example

  1. Structural Unemployment : An unemployed worker from cycle Industry because people are buying more cars
  2. Cyclical Unemployment : Unemployment due to slowdown in economy
  3. Frictional Unemployment : A person leaving his job to prepare for civil services

Which of the pairs given above is/are correctly matched?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 3 only
  4. 1, 2 and 3

Q15. Which of the following are the components of Balance of Payments (BoP)?

  1. Financial capital transfers
  2. External loan and Investment
  3. Foreign Institutional Investment
  4. Issuing of external bonds
  5. Export and Imports of Goods and Services

Select the correct answer using the code given below.

  1. 1, 2 and 3 only
  2. 2, 3 and 4 only
  3. 1, 4 and 5 only
  4. 1, 2, 3, 4 and 5

Q16. Recently, Bihar Skill Development Mission (BSDM) has been established which will run ____skill training centre in each block in the state where those skills will be imparted.

  1. One
  2. Two
  3. Three
  4. Four

Q17. Anchor Banks refer to:

  1. Public Sector Banks that will drive the consolidation process among the state owned banks.
  2. Public Sector banks that are providing most of the infrastructural financing.
  3. Pubic Sector Banks that will coordinate Banking activities in a district.
  4. Public Sector Banks that have been classified as Domestic Systemically Important Banks (D-SIBs)

Q18. According to 2011 Census, the Work Participation Rate (WPR), defined as the proportion of workers (main and marginal) to total population was ________in Bihar

  1. 4 percent
  2. 4 percent
  3. 4 percent
  4. 4 percent

Q19. Kuznets curve is used to explain which of the following?

  1. Relationship between economic inequality against income per capita.
  2. Relationship between rates of Taxation and resulting levels of government revenue.
  3. Relationship between household expenditure on particular good and household income.
  4. Relationship between unemployment and inflation

Q20. Which of the following nominated as a nodal agency for Gender BUDGETING in Bihar?

  1. Women Development Council (WDC)
  2. Department of Social Welfare
  3. Child and Women Development Council
  4. Ministry of Finance

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Bihar is a state in eastern India. It is the third-largest state in India by population, with over 100 million people. Bihar is also one of the poorest states in India, with a per capita income of just over $2,000.

The economy of Bihar is based on agriculture, industry, and services. Agriculture is the largest sector of the economy, accounting for over 40% of the state’s GDP. The main crops grown in Bihar are rice, wheat, maize, and sugarcane. Bihar is also a major producer of milk and meat.

The Industrial Sector is the second-largest sector of the economy, accounting for over 20% of the state’s GDP. The main industries in Bihar are textiles, Food Processing, and pharmaceuticals.

The services sector is the third-largest sector of the economy, accounting for over 30% of the state’s GDP. The main services in Bihar are banking, insurance, and tourism.

The economy of Bihar has been growing at a rate of over 10% per year in recent years. This Growth has been driven by investments in Infrastructure-2/”>INFRASTRUCTURE, agriculture, and industry. The government of Bihar has also been working to improve the state’s business Environment.

Despite the recent growth, the economy of Bihar faces a number of challenges. These challenges include POVERTY, unemployment, and infrastructure bottlenecks. The government of Bihar is working to address these challenges, but it will take time to see results.

The future of the economy of Bihar looks bright. The state has a young population, a large workforce, and a number of natural Resources. With the right policies in place, Bihar can become one of the most prosperous states in India.

Agriculture in Bihar

Agriculture is the largest sector of the economy of Bihar, accounting for over 40% of the state’s GDP. The main crops grown in Bihar are rice, wheat, maize, and sugarcane. Bihar is also a major producer of milk and meat.

The agricultural sector in Bihar is facing a number of challenges, including low productivity, lack of Irrigation, and poor infrastructure. The government of Bihar is working to address these challenges, but it will take time to see results.

Industry in Bihar

The industrial sector is the second-largest sector of the economy of Bihar, accounting for over 20% of the state’s GDP. The main industries in Bihar are textiles, food processing, and pharmaceuticals.

The industrial sector in Bihar is also facing a number of challenges, including poor infrastructure, lack of skilled labor, and high energy costs. The government of Bihar is working to address these challenges, but it will take time to see results.

Infrastructure in Bihar

The infrastructure in Bihar is in a poor state. The roads are in bad condition, the power supply is unreliable, and the telecommunications Network is outdated. The government of Bihar is working to improve the infrastructure, but it will take time to see results.

Human Development in Bihar

The Human Development index of Bihar is low. The state has a high rate of poverty, illiteracy, and Malnutrition. The government of Bihar is working to improve the human development index, but it will take time to see results.

Social Development in Bihar

The social development in Bihar is also lagging behind. The state has a high rate of crime, violence, and Corruption. The government of Bihar is working to improve the social development, but it will take time to see results.

Economic Development in Bihar

The economic development of Bihar has been slow in recent years. The state has a low per capita income and a high rate of unemployment. The government of Bihar is working to improve the economic development, but it will take time to see results.

Challenges and Opportunities in Bihar Economy

The economy of Bihar faces a number of challenges, including poverty, unemployment, and infrastructure bottlenecks. The government of Bihar is working to address these challenges, but it will take time to see results.

Despite the challenges, the economy of Bihar also has a number of opportunities. The state has a young population, a large workforce, and a number of Natural Resources. With the right policies in place, Bihar can become one of the most prosperous states in India.

Future of Bihar Economy

The future of the economy of Bihar looks bright. The state has a young population, a large workforce, and a number of natural resources. With the right policies in place, Bihar can become one of the most prosperous states in India.

Here are some frequently asked questions and short answers about Bihar Economy:

  1. What is the main Source Of Income for the people of Bihar?

Agriculture is the main source of income for the people of Bihar. About 70% of the population of Bihar is dependent on agriculture for their livelihood.

  1. What are the major crops grown in Bihar?

The major crops grown in Bihar are rice, wheat, maize, sugarcane, and pulses.

  1. What is the industrial sector like in Bihar?

The industrial sector in Bihar is not very developed. The main industries in Bihar are textiles, sugar, and cement.

  1. What is the infrastructure like in Bihar?

The infrastructure in Bihar is not very good. The roads are in bad condition, and there is a shortage of electricity and water.

  1. What are the major problems faced by the people of Bihar?

The major problems faced by the people of Bihar are poverty, unemployment, and lack of Education.

  1. What are the government’s initiatives to improve the economy of Bihar?

The government of Bihar has taken several initiatives to improve the economy of the state. These initiatives include the development of infrastructure, promotion of industries, and provision of employment opportunities.

  1. What are the prospects for the future of Bihar’s economy?

The prospects for the future of Bihar’s economy are good. The state has a young population, and the government is taking steps to improve the infrastructure and promote industries.

  1. What are the challenges that Bihar faces in the future?

The major challenges that Bihar faces in the future are poverty, unemployment, and lack of education. The government will need to address these challenges in order to improve the lives of the people of Bihar.

  1. What are the opportunities that Bihar has in the future?

The major opportunities that Bihar has in the future are in the areas of agriculture, industry, and tourism. The state has a lot of potential to grow in these areas.

  1. What is your opinion about the future of Bihar’s economy?

I believe that the future of Bihar’s economy is bright. The state has a lot of potential to grow, and the government is taking steps to improve the infrastructure and promote industries. I am confident that the people of Bihar will be able to overcome the challenges that they face and achieve a better future.

Bihar Economy-Sample Questions- BPSC test Series

1. Which of the following is not a major source of revenue for the state government of Bihar?

(A) Sales tax
(B) Income tax
(C) Excise duty
(D) Custom Duty

2. Which of the following is not a major expenditure of the state government of Bihar?

(A) Education
(B) Health
(C) Agriculture
(D) Defence

3. Which of the following is the largest sector of the economy of Bihar?

(A) Agriculture
(B) Industry
(C) Services
(D) Mining

4. Which of the following is the main agricultural crop of Bihar?

(A) Rice
(B) Wheat
(C) Sugarcane
(D) Jute

5. Which of the following is the main industrial product of Bihar?

(A) Steel
(B) Cement
(C) Jute
(D) Sugar

6. Which of the following is the main service sector of Bihar?

(A) Transport
(B) Communication
(C) Trade
(D) Tourism

7. Which of the following is the main source of employment in Bihar?

(A) Agriculture
(B) Industry
(C) Services
(D) Construction

8. Which of the following is the main export product of Bihar?

(A) Rice
(B) Sugar
(C) Jute
(D) Cement

9. Which of the following is the main import product of Bihar?

(A) Petroleum products
(B) Machinery
(C) Iron and steel
(D) Fertilizers

10. Which of the following is the main trading partner of Bihar?

(A) India
(B) Nepal
(C) Bangladesh
(D) China

11. Which of the following is the main Foreign Direct Investment (FDI) destination in Bihar?

(A) The United States
(B) Japan
(C) China
(D) South Korea

12. Which of the following is the main Infrastructure Development project in Bihar?

(A) The Patna Metro Rail Project
(B) The Ganga Expressway
(C) The Purvanchal Expressway
(D) The North-South Corridor

13. Which of the following is the main social development project in Bihar?

(A) The Sarva Shiksha Abhiyan
(B) The Pradhan Mantri Jan Dhan Yojana
(C) The Mahatma Gandhi National Rural Employment Guarantee Act
(D) The Pradhan Mantri Kaushal Vikas Yojana

14. Which of the following is the main health development project in Bihar?

(A) The National Rural Health Mission
(B) The Pradhan Mantri Jan Arogya Yojana
(C) The National Health Mission
(D) The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana

15. Which of the following is the main education development project in Bihar?

(A) The Sarva Shiksha Abhiyan
(B) The Rashtriya Madhyamik Shiksha Abhiyan
(C) The Pradhan Mantri Vidya Yojana
(D) The National Institute of Open Schooling

16. Which of the following is the main environment development project in Bihar?

(A) The National Green Tribunal
(B) The Forest conservation Act
(C) The Wildlife Protection Act
(D) The Air (prevention and control of pollution) Act

17. Which of the following is the main law and order development project in Bihar?

(A) The Bihar Police
(B) The Bihar State Vigilance Commission
(C) The Bihar State Human Rights Commission
(D) The Bihar State Legal Services Authority

18. Which of the following is the main infrastructure development project in Bihar?

(A) The Patna Metro Rail Project
(B) The Ganga Expressway
(C) The Purvanchal Expressway
(D) The North-South Corridor

19. Which of the following is the main social development project in Bihar?

(A) The Sarva Shiksha Abhiyan
(B) The Pradhan Mantri Jan Dhan Yojana
(C) The Mahatma Gandhi National Rural Employment Guarantee Act
(D) The Pradhan Mantri Kaushal Vikas Yojana

20. Which of the following is the main health development project in Bihar?

(A) The National Rural