67th BPSC Prelims Re-exam 2022
Indian Economy Previous Year Questions (PYQs)
Explore 5 solved 67th BPSC Prelims Re-exam 2022 Indian Economy questions with detailed step-by-step bilingual solutions, option analysis, and answer keys.
Which of the following partly defines the micro-enterprise in India?
Detailed Explanation:
Under the MSME Act (revised 2020), a micro-enterprise is defined by two criteria: investment in plant and machinery/equipment not exceeding Rs. 1 crore and annual turnover not exceeding Rs. 5 crore.
Option 3 correctly states the investment threshold of Rs. 1 crore. Option 1 incorrectly mentions turnover of Rs. 15 crore (actual: Rs. 5 crore), and Option 2 incorrectly states investment of Rs. 1.5 crore (actual: Rs. 1 crore).
Therefore, only Option 3 correctly defines a micro-enterprise, making it the correct answer.
Which statement is not true about the poverty estimates based on the 68th round of NSSO?
Detailed Explanation:
The 68th NSSO round (2011-12) used the Tendulkar methodology and established the poverty line at Rs. 33.33 per capita per day for urban areas (Statement 1 is true). The survey revealed that 21.9% of India's population was living below the poverty line (Statement 2 is true).
Statement 3 claims 33.35% of the population was below the poverty line, which contradicts the official figure of 21.9% and is therefore incorrect.
Therefore, Statement 3 is the false statement, making Option 3 the correct answer.
Bhandari Committee is related to
Detailed Explanation:
The Bhandari Committee (1994) was constituted to examine the functioning and recommend the restructuring of Regional Rural Banks (RRBs). It identified 49 weak RRBs requiring comprehensive restructuring and suggested granting greater autonomy to RRB boards in business and staffing decisions.
The committee had no mandate on taxation (direct/indirect) or general agricultural credit—its focus was exclusively on strengthening the RRB framework.
Therefore, regional rural banks' restructuring is the correct focus, making Option 3 the correct answer.
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What is the objective of community development?
Detailed Explanation:
The Community Development Programme (CDP), launched in India in 1952, aimed at holistic rural development through participatory action, focusing on improving living standards, agricultural productivity, health, and education.
The core objective was to foster harmonious life by promoting social justice, self-determination, empowerment, and collective action—ensuring communities live peacefully with mutual cooperation and shared progress.
Therefore, harmonious life represents the fundamental goal of community development, making Option 3 the correct answer.
At which of the following places the newsprint paper industry is located?
Detailed Explanation:
Nepanagar in Madhya Pradesh houses Nepa Mills Limited, India's first indigenous newsprint manufacturing unit, established in 1947.
Durgapur has steel plants, Kanpur has textile/leather industries, and Satana has no major newsprint facility.
Therefore, Nepanagar is the correct location for newsprint paper industry, making Option 2 the correct answer.
67th BPSC Prelims Re-exam 2022 - Indian Economy Chapter-wise Distribution
Industry
2 Qs (40%)Employment, Poverty & Inclusive Growth
2 Qs (40%)Money, Banking & Financial System
1 Qs (20%)67th BPSC Prelims Re-exam 2022 - Indian Economy Questions FAQs
Q1 How many Indian Economy questions were asked in 67th BPSC Prelims Re-exam 2022?
Q2 What is the chapter-wise question distribution for Indian Economy in 67th BPSC Prelims Re-exam 2022?
- Industry: 2 questions (40%)
- Employment, Poverty & Inclusive Growth: 2 questions (40%)
- Money, Banking & Financial System: 1 questions (20%)