70th BPSC Prelims 2024
Indian Economy Previous Year Questions (PYQs)
Explore 4 solved 70th BPSC Prelims 2024 Indian Economy questions with detailed step-by-step bilingual solutions, option analysis, and answer keys.
Who among the following Indian capitalists was not the architect of the "Bombay Plan"?
Detailed Explanation:
Dhirubhai Ambani founded Reliance Industries in the 1960s, decades after the Bombay Plan (1944) was drafted.
The Bombay Plan was authored by eight prominent industrialists: J.R.D. Tata, G.D. Birla, Lala Shri Ram, Purshottamdas Thakurdas, Kasturbhai Lalbhai, A.D. Shroff, John Mathai, and Ardeshir Dalal. It proposed a 15-year blueprint for state-led industrialization and mixed economy development in post-independence India.
Who headed the Royal Commission on Indian currency appointed in 1913?
Detailed Explanation:
Royal Commission on Indian Currency (1913) was appointed to examine India's currency system and the feasibility of adopting the gold standard.
Sir Austin Chamberlain, a British statesman and former Chancellor of the Exchequer, was appointed as the Chairman of this commission. J. M. Keynes served as a prominent member but did not head it.
According to the Reserve Bank of India, what is one of the eligibility criteria for a Small Finance Bank (SFB) to transition into a Universal Bank?
Detailed Explanation:
The Reserve Bank of India (RBI) permits Small Finance Banks (SFBs) to transition into Universal Banks if they meet specific eligibility criteria.
Key requirement: a minimum net worth of ₹1,000 crore as paid-up voting equity capital, completion of at least five years of operations, and adherence to regulatory compliance and sound governance norms.
🧐 Not Sure What to Study Next?
Get a personalised study plan based on your goals, time and revision needs.
Which component of fertilizer is used for stimulating early growth purpose?
Detailed Explanation:
Phosphorus stimulates early growth by promoting root development and seedling establishment.
It is a key component of ATP (adenosine triphosphate), enabling energy transfer for metabolic processes, and is found in fertilizers like DAP and SSP.
70th BPSC Prelims 2024 - Indian Economy Chapter-wise Distribution
Money, Banking & Financial System
2 Qs (50%)Agriculture
1 Qs (25%)Indian Economy: Historical Background & Economic Reforms
1 Qs (25%)70th BPSC Prelims 2024 - Indian Economy Questions FAQs
Q1 How many Indian Economy questions were asked in 70th BPSC Prelims 2024?
Q2 What is the chapter-wise question distribution for Indian Economy in 70th BPSC Prelims 2024?
- Money, Banking & Financial System: 2 questions (50%)
- Agriculture: 1 questions (25%)
- Indian Economy: Historical Background & Economic Reforms: 1 questions (25%)