Economy (UPSC)

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Q. A city plans to reduce its unemployment rate from 8% to 4% in 4 years. What is the average annual reduction in unemployment rate?
  • A. 1%
  • B. 1.5%
  • C. 2%
  • D. 2.5%
Q. A company plans to produce 5000 units of a product in 10 days. If they have produced 3000 units in the first 5 days, how many units do they need to produce in the next 5 days to meet their target?
  • A. 2000
  • B. 1500
  • C. 2500
  • D. 3000
Q. A construction project is planned to be completed in 60 days. If 3 workers are assigned and they complete 1/4 of the work in 15 days, how many more workers are needed to finish the project in time?
  • A. 3
  • B. 4
  • C. 2
  • D. 1
Q. A country has a budget deficit of $50 billion and total government expenditure of $500 billion. What is the percentage of the budget deficit to total expenditure?
  • A. 5%
  • B. 10%
  • C. 15%
  • D. 20%
Q. A country has a labor force of 50 million and an unemployment rate of 8%. How many people are unemployed?
  • A. 4 million
  • B. 3 million
  • C. 5 million
  • D. 6 million
Q. A country has a poverty rate of 25%. If the population is 50 million, how many people are living in poverty?
  • A. 10 million
  • B. 12.5 million
  • C. 15 million
  • D. 20 million
Q. A country’s total exports are $300 billion and total imports are $350 billion. What is the trade balance?
  • A. -$50 billion
  • B. $50 billion
  • C. $100 billion
  • D. $150 billion
Q. A delivery truck can carry 200 kg of goods. If it makes 4 trips in a day, how much total weight can it deliver in a day?
  • A. 600 kg
  • B. 800 kg
  • C. 1000 kg
  • D. 1200 kg
Q. A factory produces 1200 units of a product in 8 hours. How many units can it produce in 5 hours at the same rate?
  • A. 750
  • B. 600
  • C. 900
  • D. 800
Q. A factory produces 300 units of a product in 2 hours. How many units can it produce in 10 hours?
  • A. 1200
  • B. 1500
  • C. 1800
  • D. 2000
Q. A farmer harvested 2400 kg of rice from 8 acres. What is the average yield per acre?
  • A. 250 kg
  • B. 300 kg
  • C. 350 kg
  • D. 400 kg
Q. A farmer has 120 acres of land. If he plants corn on 3/5 of his land, how many acres does he plant corn on?
  • A. 60 acres
  • B. 72 acres
  • C. 48 acres
  • D. 90 acres
Q. A farmer wants to increase his crop yield by 25%. If his current yield is 800 kg, what will be his target yield?
  • A. 900 kg
  • B. 1000 kg
  • C. 1100 kg
  • D. 1200 kg
Q. A field has a length of 200 meters and a width of 150 meters. What is the area of the field in square meters?
  • A. 25000 m²
  • B. 30000 m²
  • C. 35000 m²
  • D. 40000 m²
Q. A gardener can plant 100 trees in 5 hours. How many trees can he plant in 3 hours?
  • A. 50
  • B. 60
  • C. 70
  • D. 80
Q. A government allocates $1 billion for inclusive growth initiatives. If 40% is spent on education, how much is allocated to education?
  • A. $300 million
  • B. $400 million
  • C. $500 million
  • D. $600 million
Q. A government increases its spending by $100 million, which leads to an increase in GDP by $400 million. What is the multiplier effect?
  • A. 2
  • B. 3
  • C. 4
  • D. 5
Q. A government program aims to increase the literacy rate from 70% to 85% over 10 years. What is the required annual increase in literacy rate?
  • A. 1.5%
  • B. 1.6%
  • C. 1.7%
  • D. 1.8%
Q. A rural development program costs $500,000 and is expected to benefit 10,000 families. What is the cost per family?
  • A. $40
  • B. $50
  • C. $60
  • D. $70
Q. A team of 5 people can complete a task in 15 days. How many days will it take for 10 people to complete the same task?
  • A. 7.5
  • B. 10
  • C. 12
  • D. 15
Q. A tractor can plow a field in 4 hours. How many fields can it plow in 12 hours?
  • A. 2 fields
  • B. 3 fields
  • C. 4 fields
  • D. 5 fields
Q. If a community's average household income is $60,000 and the goal is to increase it by 20% over 5 years, what will be the target average income?
  • A. $66,000
  • B. $70,000
  • C. $72,000
  • D. $75,000
Q. If a country has a GDP of $1 trillion and aims for a 6% growth rate, what will be its GDP after one year?
  • A. $1.06 trillion
  • B. $1.1 trillion
  • C. $1.12 trillion
  • D. $1.15 trillion
Q. If a farmer has 300 chickens and 20% of them are laying eggs, how many chickens are laying eggs?
  • A. 50
  • B. 60
  • C. 70
  • D. 80
Q. If a farmer needs 15 liters of water for 1 kg of crop, how much water is needed for 200 kg of crop?
  • A. 250 liters
  • B. 300 liters
  • C. 350 liters
  • D. 400 liters
Q. If a farmer produces 1500 kg of wheat from 5 acres of land, what is the yield per acre?
  • A. 250 kg
  • B. 300 kg
  • C. 350 kg
  • D. 400 kg
Q. If a farmer sells 200 kg of apples for $800, what is the price per kg?
  • A. $2
  • B. $3
  • C. $4
  • D. $5
Q. If a farmer uses 50 kg of fertilizer for every 1000 kg of crop, how much fertilizer is needed for 5000 kg of crop?
  • A. 200 kg
  • B. 250 kg
  • C. 300 kg
  • D. 350 kg
Q. If a government collects $200 billion in taxes and spends $250 billion, what is the budget deficit?
  • A. $50 billion
  • B. $100 billion
  • C. $150 billion
  • D. $200 billion
Q. If a product's price increases from $20 to $25, what is the percentage increase in price?
  • A. 20%
  • B. 25%
  • C. 30%
  • D. 35%
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