Current Affairs MCQ for UPSC Exams – 27 August 2015

 Current Affairs MCQ for UPSC Exams – 27 August 2015

:: National ::

1. A special category status is accorded to state on the following basis

A. High population density
B. Strategic location along borders
C. Economic Back wardness
D. Sizable share of tribal population

1.A & B
2.B,C & D
3.B & D
4.A & D

:: Business ::

2. The governments resort to following options to check rising inflations

1. Government go on to increase the production to matching the level ofdemand is short term measure.
2. Tighter monetary policy to cool down either the demand – pull or cost push inflation by

Which of the above statements is\are true

1.only 1
2.only 2
3.Both
4.neither 1 nor 2

3. Consider the following statements about fiscal surplus –

1. This is deflationary gap where the shortfall in total spending of the government over the national income
2. This is also known as output gap.
3. Here demand is more but supply is low correct statement is / are

Which of the above statements is\are true

1.only 1 & 2
2.only 2 & 3
3.All are true
4.only 1 & 3

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