Clear UPSC IAS Prelims 2021 through 10000 Expected MCQs: Practice Solved Test 15

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Test 15


Q1. Consider the following statements.

  1. Surface current constitute more than the deep-water currents.
  2. Cold currents are usually found in the west coast in the higher latitudes in the Northern Hemisphere.
  3. Warm currents are found on the east coast of continents in the low and middle latitudes.

Which of the above statements is/are correct?

 a) 1, 3

 b) 2, 3

 c) 3 only

 d) 1, 2

Q.2) Consider the following statements regarding classification of Asteroids:

1. C-type asteroids are composed of silicate materials and nickel-iron.

2. S-type asteroids are made up of clay and silicate rocks.

3. M-type of asteroids have a metallic composition.

Which of the statements given above is/are correct?

a) 1 only

b) 2 and 3 only

c) 3 only

d) 1,2 and 3

Q.3) which of the following steps will not be taken by RBI if it decides to adopt an ‘expansionist’ monetary policy?

1. Cut Bank Rate and Cash Reserve Ratio.

2. Increase Marginal Standing Facility Rate.

3. Decrease Statutory Liquidity Ratio.

4. Increase the Reverse Repo Rate.

Select the answer using the code given below:

a) 1 and2 only

b) 2and3only

c) 2 and4 only

d) 3and4only

Q.4) With reference to ‘Industry 4.0’, consider the following statements:

1. India has become the first country in the world where World Economic Forum has opened its centre for Fourth Industrial Revolution.

2. The 4th industrial revolution includes cyber- physical systems, the Internet of things and big data analytics.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.5) Consider the following statements regarding ‘Marginal Cost of funds based Lending Rate’ (MCLR):

1. It aims to improve the transmission of policy rates into the lending rates of banks.

2. It helps the banks to become more competitive and enhance their long run value.

3. It ensures availability of bank loans at interest rates which are fair to the borrowers as well as the banks.

4. It aims to improve transparency in the methodology followed by banks for determining interest rates.

Which of the statements given above is/are correct?

a) 3 and4only

b) 1, 2, 3 and4

c) 2, 3 and4 only

d) 1,2and4only

Q.6) Consider the following statements regarding Sovereign Gold Bond (SGB) Scheme:

1. These bonds are restricted for sale to individuals and Hindu Undivided Families (HUFs) only.

2. The capital gains tax arising on redemption of an SGB has been exempted.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.7) Arrange the following according to their increasing order of ‘liquidity’:

1. Saving deposits with the banks.

2. Currency and coins with the public.

3. Demand deposits with the banks.

4. Term deposits with the banks.

Select the correct answer using the code given below:

a) 4-1-3-2

b) 2-3-4-1

c) 3-4-1-2

d) 1-2-3-4

Q.8) Consider the following statements:

1. A Palaeochannel is a channel that is no longer part of an active river system and has ceased to be a conduit of water.

2. Palaeochannels are commonly occurring landforms in hilly terrain.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.9) Consider the following statements:

1. Pradhan Mantri Suraksha Bima Yojana offers a renewable one-year accidental death-cum- disability cover to all the subscribing bank account holders in the age group of 18 to 70 years.

2. Pradhan Mantri Jeevan Jyoti Bima Yojana offers a renewable one-year term life cover of Rs 2 lakh to all subscribing bank account holdersintheagegroupof18-50years.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.10) Consider the following statements regarding BRAHMOS Supersonic Cruise Missile:

1. It is developed by BrahMos Aerospace Pvt. Ltd. (BAPL), New Delhi.

2. It is capable of being launched from land, sea, sub-sea and air against surface and sea-based targets.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.11) Consider the following statements:

1. A Balanced Budget is a budget with zero Revenue Deficit.

2. Gender budgeting is the allocation of funds on the basis of gender.

Which of the statements given above is/are not correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.12) Consider the following statements regarding the ‘School Education Quality Index’ (SEQI):

1. It has been developed by the Ministry of Skills Development and Entrepreneur ship (MSDE) to evaluate the performance of States and Union Territories (UTs)in schools.

2. Kerala and Manipur have bagged the top spot.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.13) The process where all the outstanding demands of Budget are directly put to vote without further discussion in the House is known as:

a) Policy Cut Motion

b) Guillotine

c) Simple Closure

d) Kangaroo Closure

Q.14) Consider the following statements regarding Climate Vulnerability Map of India:

1. The map is being developed indigenously by the Department of Science and Technology (DST)in collaboration with World Bank.

2. The map is being developed at a national level for the government to distribute funds to district authorities.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.15) The establishment of payment banks is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?

1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of payment banks.

2. Payment banks can issue both credit cards and debit cards

3. Payment banks cannot undertake lending activities

Select the correct answer using the code given below:

a) 1 only

b) 1and3only

c) 2only

d) 1,2and3

Q.16) Consider the following statements:

1. National Tiger Conservation Authority (NTCA), established in 2005, oversees the management of Project Tiger and Tiger Reserves in India.

2. Uttarakhand has the highest number of tigers followed by Karnataka and Madhya Pradesh.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.17) Consider the following statements about Non-Resident Indian Deposits:

1. Foreign Currency Non-resident (Bank) Accounts can be opened by NRIs and Overseas Corporate Bodies (OCBs).

2. When a resident becomes an NRI, his existing rupee accounts are designated as Foreign Currency Non-Resident (Bank) Account.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.18) Consider the following statements regarding India Economic Summit:

1. The summit is being held by the World Economic Forum in collaboration with the Confederation of Indian Industry.

2. The summit aims to accelerate the Fourth Industrial Revolution.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.19) Fiscal Policy in India is formulated by which of the following?

a) The Reserve Bank of India

b) NITI Aayog

c) Ministry of Finance

d) The Finance Commission

Q.20) Consider the following statements regarding Pneumoconiosis:

1. It is the general term for a class of interstitial lung diseases.

2. It is occupational health disease and mostly affects workers who work in the mining and construction sectors.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q21. Which of the following have an influence on the movement of ocean water?

  1. Salinity
  2. Temperature
  3. Sun
  4. Moon
  5. Wind

Select the correct answer code:

 a) 2, 3, 4, 5

 b) 1, 2, 4, 5

 c) 1, 2, 5

 d) 1, 2, 3, 4, 5

Q22. Which of the following factors can lead to Demand-pull inflation?

1. Strong consumer demand

2. Increase in money supply

3. When prices go up

4. Technological innovation

Select the correct code:

 a) 1, 2, 3

 b) 1, 2, 4

 c) 1, 3, 4

 d) 1, 2, 3, 4

Q.23) Consider the following statements regarding financial markets in India:

1. Short term financial market is known as Capital Market, while the long term financial market is known as Money Market.

2. Short term financial market fulfils requirements of funds for a period maximum upto 90days.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.24) With reference to ‘Assam accord’, recently seen in the news, consider the following statements:

1. It was signed in 1985 after the Assam agitation.

2. It resulted in the establishment of a Bodoand Territorial Council under the Sixth Schedule of the Constitution of India.

3. It provided special protection to the socio- cultural and linguistic identities of Assam.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1,2and3

Q.25) Consider the following statements regarding Direct Benefit Transfer (DBT):

1. It aims to transfer subsidies directly to the people through their bank or post office accounts.

2. It covers all centrally sponsored schemes.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.26) Consider the following statements regarding ‘CHANG’E-4’:

1. It is the first lunar probe to successfully soft land on the far side of the moon.

2. This mission is a joint collaboration of Japanese and European Space Agencies.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.27) With reference to ‘Treasury Bills’, consider the following statements:

1. They are issued to get short term loans.

2. They are issued by the RBI.

3. States are not allowed to issue Treasury Bills.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) 1 and2only

d) 1,2and3

Q.28) which of the following are part of the ‘Twin Balance Sheet’ problem in India?

a) Fiscal Deficit and Revenue Deficit

b) Inflation and Balance of Payments crisis

c) Banks and Corporate stress

d) Export and Import Ratio

Q.29) which of the following can be considered as money market instruments?

1. Treasury Bills

2. Commercial Paper

3. Cash Management Bill

4. Mutual Funds

5. Commercial Bills

Select the correct answer using the code given below:

a) 1,2and3only

b) 1,2and4only

c) 1, 2,3and4only

d) 1,2, 3, 4 and5

Q.30) Consider the following statements regarding the Chakmas and Hajongs:

1. They are originally inhabitants of the Chittagong Hill Tracts of erstwhile East Pakistan.

2. Both Chakmas and Hajongs follow Islamic religion.

3. People in Arunachal Pradesh are demanding citizenship rights for Chakma and Hajong people in their State.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 1and3only

c) 1 only

d) 1,2and3

Q.31) Consider the following statements regarding the Financial Sector Development

Council (FSDC):

1. The Finance Secretary acts as its Chair person.

2. It is entrusted with the task to resolve inter-regulatory disputes.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.32) Consider the following statements about ‘Womaniya on GeM’ which was recently seen in the news:

1. It is an initiative to develop entrepreneurship for women on the margins of society to achieve gender inclusive economic growth.

2. Government e-Marketplace under the aegis of Ministry of Commerce and Industry is the Implementing agency.

Which of the statements given above is/are not correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.33) Consider the following statements:

1. Chit funds and Nidhis are recognisedas Non- Banking Financial Companies by the RBI.

2. Nidhi companies are regulated by the State governments whereas Chit funds are regulated by the Central government.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.34) Consider the following statements regarding the Eklavya Model Residential Schools Scheme (EMRSs):

1. The scheme aims to ensure access to quality education for tribal students in the remote tribal areas.

2. Every block with more than 50% of Scheduled Tribes (ST) population will have an Eklavya Model Residential School by the year2022.

3. This scheme is under the Ministry of Human Resource and Development.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 2only

d) 1,2and3

Q.35) Consider the following statements:

1. Repo rate and Reverse repo rate as an instrument of money market were introduced post economic reforms of 1991.

2. In reverse repo, RBI is the lender whereas Banks and Financial Institutions are borrowers.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.36) With reference to the Naval Air Station ‘INS Kohassa’, consider the following statements:

1. It is located on the southernmost tip of Lakshadweep Islands.

2. It is meant to function as a base for the purpose of military operations only.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.37) which of the following does not come under the definition of a ‘Reverse Merger/Takeover’?

a) Parent company merging into a subsidiary.

b) Loss making firm merging into a profit making one.

c) Acquisition of a private company by a public company.

d) Start up merging into an established company.

Q.38) The recently inaugurated ‘DiffoBridge’ which will provide uninterrupted access and an all-weather road to the Indian security forces is located in which of the following states?

a) Arunachal Pradesh

b) Jammu and Kashmir

c) Uttarakhand

d) Sikkim

Q.39) Consider the following statements regarding The International Centre for Settlement of Investment Disputes (ICSID):

1. It is an investment dispute settlement body whose decisions are binding on the parties.

2. Once the parties have agreed to arbitration, they cannot withdraw their consent unilaterally.

3. India is a member of ICSID.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 3only

c) 2and3only

d) 1,2and3only

Q.40) ‘Kaveri crater’ ,recently seen in the news, can be found in which of the following regions?

a) Southern Indian Ocean

b) Southern India

c) South of the Arctic pole

d) Southern Antarctic

Q.41) which of the following institutions is associated with Fortaleza Declaration?

a) Asian Development Bank (ADB)

b) World Trade Organization (WTO)

c) New Development Bank (NDB)

d) Bilateral Investment Promotion & Protection Agreement (BIPA)

Q.42) Regarding Capital Account Convertibility in India, which of the following statements is not correct?

a) India allows partial account convertibility.

b) Indian Corporates are allowed full convertibility through the automatic route upto a limit.

c) Individuals are allowed to invest in foreign assets and shares.

d) India has set a target to move towards full capital account convertibility till 2022.

Q43. Consider the following statements.

  1. Whenever there is an issue on the resignation of Member of the Legislative Assembly (MLA), only the Speaker has the discretion to decide whether the resignations were voluntary or genuine.
  2. Since Independence, the Speaker of the Lok Sabha has been a member of the ruling party.

Which of the above statements is/are correct?

 a) 1 only

 b) 2 only

 c) Both

 d) None

Q.44) which of the following statements correctly describe a ‘circular economy’?

a) An economic system aimed at eliminating waste and the continual use of resources.

b) It is similar to closed economy where capital keeps on circulating within the same economy.

c) It signifies a complete cycle of all the four stages of an economy.

d) An economy assumed to be exogenous that is independent of national income.

Q.45) Consider the following statements:

1. The point where tax is being imposed is known as ‘incidence of tax’.

2. The point where tax makes its effect known is known as ‘impact of tax’.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.46) Consider the following statements regarding National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT):

1. It is the first common forum of dispute resolution between Centre and States.

2. It shall be situated at Mumbai.

3. Appeals against the orders of Appellate Authorities under the Central and State GST Acts liebefore it.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1,2and3

Q.47) In context of ‘Goods and Services tax (GST)’, which of the following statements is not correct?

a) GST subsumed both central taxes state taxes.

b) Statesweretogetcompensationfor5yearsfor loss of revenue due to implementation of GST.

c) States will assess 90 percent of all goods and services while the remaining 10 percent will be assessed by the centre.

d) Minor changes in rules and regulations may be permitted with the approval of the chairperson.

Q.48) Consider the following statements regarding ‘Jan Shikshan Sansthan’ (JSS):

1. They impart vocational skill training & entrepreneurship benefits to the underprivileged.

2. Its course, curriculum and training are aligned with the National Skills Qualification Framework (NSQF).

3. It currently functions under Ministry of Human Resource Development.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1,2and3

Q49. Consider the following statements about Leader of Opposition.

  1. Leader of Opposition is the leader of the largest party that has not less than one-tenth of the total strength of the house.
  2. Leader of Opposition plays a crucial role in bringing bipartisanship and neutrality to the appointments in institutions of accountability and transparency.
  3. There was no Leader of Opposition in the first Lok Sabha.

Which of the above statements is/are correct?

 a) 1, 3

 b) 2, 3

 c) 1, 2

 d) 1, 2, 3

Q.50) Consider the following statements regarding International Energy Agency’s Technology Collaboration Programme on Bioenergy (IEA Bioenergy TCP):

1. It is an international platform which aims to improve co-operation and information exchange between countries that have national programmes in bio-energy research, development and deployment.

2. India has joined IEA Bioenergy TCP as its 25th member.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.51) which of the following is/are a direct implication of US sanctions on oil imports from Iran?

1. International crude oil prices will rise

2. Rupee will appreciate

3. India’s trade deficit will increase

4. Consumer price index based inflation rises

Select the correct answer using the code given below.

a) 1and4only

b) 2and3only

c) 1,3and4only

d) 2only

Q.52) With reference to EASE (Enhanced Access and Service Excellence) Reform Index, consider the following statements:

1. It is prepared by the Indian Banking Association in association with the Boston Consulting Group.

2. The first report on EASE Reform Index has been released by the Reserve Bank of India.

3. It is a frame work adopted to strengthen public sector banks and rank them on metrics.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 1and3only

c) 2and3only

d) 1,2and3

Q.53) “This Fund meant to assist in meeting the cost of national & state level adaptation measure in areas that are particularly vulnerable to the adverse effects of climate change”. Which of the following correctly describe the fund mentioned above?

a) National Clean Energy Fund.

b) Global Climate Fund.

c) National Adaptation fund for climate change.

d) Green Finance.

Q.54) which of the following is/are the purpose of government’s Gold Monetization Scheme:

1. To bring the idle gold lying with Indian households into the economy.

2. To promote FDI in the gold and jewellery sector.

3. To reduce India’s dependence on gold imports.

Select the correct answer using the code given below:

a) 1 only

b) 2and3only

c) 1,2and3

d) 1and3only

Q.55) Consider the following statements regarding ‘The National Rural Economic Transformation Project’ (NRETP):

1. It provides additional financing to the National Rural Livelihoods Project (NRLP).

2. It will support entrepreneurship programs for poor rural women and youth.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.56) Sale/purchase of government bonds, as a means to control the money supply in the market, is termed as:

a) Open Market Operation

b) Liquidity Adjustment Facility

c) Marginal Standing Facility

d) Market Capitalisation

Q57. Consider the following statements regarding Privilege motion.

  1. It can be moved only in the Lok Sabha.
  2. Any notice should be relating to an incident of recent occurrence.
  3. The Speaker is the first level of scrutiny of a privilege motion.

Which of the above statements is/are correct?

 a) 1, 2

 b) 1, 3

 c) 2, 3

 d) 1, 2, 3

Q.58) Consider the following statements about Regional Rural Banks (RRBs):

1. Their share capital is sponsored by the RBI, Govt. of India and the Scheduled Commercial Banks.

2. Their main objective is to increase institutional credit for the rural and agricultural sector.

3. They are required to full fill the Priority Sector Lending norms.

Which of the statements given above is/are correct?

a) 1 only

b) 2and3only

c) 3only

d) 1and3only

Q.59) Consider the following statements regarding the ‘India Cooling Action Plan’:

1. It aims to provide sustainable cooling and thermal comfort for all while securing environmental and socio-economic benefits for the society.

2. It will also map the technologies available to cater the cooling requirements including passive interventions, refrigerant-based technologies and alternative technologies.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.60) Consider the following statements regarding Credit Rating in India:

1. It is done to assess the credit worthiness of a prospective borrower to meet debt obligations.

2. Credit Rating Agencies in India are regulated by RBI.

3. Moody’s, S&P, CRISIL and CARE are some of the major credit rating agencies of India.

Which of the statements given above is/are correct?

a) 1 only

b) 2and3only

c) 1 and2only

d) 1and3

Q.61) Consider the following statements:

1. White Label ATMs are owned and operated by the bank

2. Green Label ATMs are used for agricultural transactions

3. Brown Label ATMs are owned and operated by a non-banking entity

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2only

c) 3only

d) 2and3only

Q.62) which of the following statements does not describea ‘Willful Defaulter’:

a) A person who borrows money from lending institutions but fail to repay.

b) A person who is financially capable to repay and yet does not do so.

c) A person who diverts the funds for a purpose other than what the fund was a vailed for.

d) A person whose funds are not available in the form of assets as funds have been siphoned off.

Q.63) Consider the following statements regarding IT Corridorin China:

1. India has launched its first IT Corridor in China.

2. The National Association of Software and Services Companies (NASSCOM) is developing the corridor.

3. This corridor will increase partnerships between Indian and Chinese companies.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1,2and3

Q.64) Consider the following statements about Priority Sector lending:

1. All Indian (domestic) Banks need to lend 40 percent of their total lending to the priority sector every year.

2. Priority sector lending includes credit given by banks to Micro Finance Institutions (MFIs).

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q65. Consider the following statements about Fundamental Duties

  1. The constitution authorises courts for enforcement of Fundamental Duties.
  2. While some Fundamental duties are applicable to Indian citizens, few are applicable to foreigners.

Which of the above statements is/are incorrect?

 a) 1 only

 b) 2 only

 c) Both

 d) None

Q.66) Consider the following statements regarding Small Finance Banks:

1. They shall primarily undertake basic banking activities of accepting deposits and lending to small farmers and small businesses.

2. They are not subjected to the prudential norms and RBI regulations that apply to existing commercial banks, including maintenance of CRR and SLR.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.67) Consider the following regarding Union Budget2019-20:

1. Pradhan Mantri Matsya Sampada Yojana has been proposed to address infrastructure gaps in the fisheries sector.

2. Jal Jeevan Mission targets that all rural households will be provided with piped water

Supply by 2030.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.68) Arrange the following in ascending order, with regard to their percentage in export bucket of India.

1. Petroleum products

2. Organic Chemicals

3. Iron and steel

4. Electrical machinery

Select the correct answer using the code given below.

a) 1-2-3-4

b) 1-3-2-4

c) 2-1-3-4

d) 1-4-3-2

Q.69) With reference to a domestic systemically important bank (D-SIB), consider the following statements:

1. Failure of these types of banks will cause severe disruption to the overall economy.

2. These banks become systemically important due to their size and cross jurisdictional activities only.

3. Since these banks are too big, they are not supported by the government during distress.

Which of the statements given above is/are correct?

a) 1 only

b) 2and3only

c) 3only

d) 1 and2 only

Q.70) Consider the following statements regarding the Marginal Standing Facility (MSF) of RBI:

1. It is used by all financial institutions.

2. It is a part of the liquidity adjustment facility.

3. It is a cheaper route to fulfil the overnight requirement of funds.

4. Banks use this route only if they exhaust all other channel storaise short-term funds.

Which of the statements given above is/are not correct?

a) 1,2and3only

b) 1,3and4only

c) 2, 3 and4 only

d) 1, 2,3 and4

Q.71) Global Energy Transition Index 2019 has been recently released by:

a) United Nations Environment Programme

b) International Renewable Energy Agency

c) World Economic Forum

d) UN-Energy

Q.72) Consider the following statements about Cash Reserve Ratio (CRR):

1. It can be increased to curb deflation or low inflation.

2. RBI pays interest on CRR to the scheduled banks.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.73) Consider the following statements regarding “Primary and Secondary markets”

1. A share being purchased directly from the company by a person occurs in the secondary market.

2. Investors buying and selling shares among themselves occur in the primary market.

3. Both primary market and secondary market need an institutionalised floor for their trading.

Which of the statements given above is/are not correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1,2and3

Q.74) Consider the following statements about Monetary Policy Committee (MPC):

1. Its members are appointed by the President on the recommendations of the Central Government.

2. Its core mandate is to fix the benchmark policy interest rate to contain inflation within the target level.

3. It is headed by the Governor of RBI.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1,2and3

Q.75) which of the following is the major hurdle faced by SME (Small and Medium Enterprises) Exchange due to which it is still at an evolving stage?

a) Proliferation of SME Exchanges.

b) Declining prices of listed stocks and their illiquidity.

c) SME’s are unwilling to go public as they work on local level.

d) It is seen worldwide that SME’s are working in a low profit model.

Q.76) Consider the following statements about Statutory Liquidity Ratio (SLR):

1. It includes cash and gold.

2. Banks may earn returns on money parked as SLR

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.77) which of the following statements is incorrect with respect to “Angel Investor”?

a) They are investors who provide financial backing to entrepreneurs for starting their business.

b) They are focused on making substantial profits, rather than helping the business succeed.

c) They provide technical help to the start ups.

d) In India, they can be recognised as Category I: AIF venture capital funds.

Q.78) Consider the following statements about Non-Banking Financial Companies (NBFC):

1. They are allowed to accept and renew public deposits.

2. The repayment of deposits by NBFCs is guaranteed by RBI.

3. They need to maintain Capital Adequacy Ratio (CAR) norm as prescribed by the RBI.

Which of the statements given above is/are correct?

a) 1 only

b) 2and3only

c) 3only

d) 1and3only

Q.79) In Indian context, which of the following is not a reason for the popularity of Participatory Notes (PN) for foreign investors?

a) PNs offer investors to check the market before investing heavily.

b) PNs provide a safe way to invest the unaccounted money.

c) PNs can act as a hedging tool for foreign investors.

d) PNs cannot be customized and thus help in managing risk

Q.80) In the context of India’s special demographic pattern which has resulted in different Outlier groups, consider the following statements:

1. Bihar, Jammu and Kashmir, Haryana, Maharashtra are the negative outliers which would experience lesser benefits of demographic dividend.

2. Kerala, Madhya Pradesh, and Chhattisgarh are positive outliers and may experience larger benefits of demographic dividend.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.81) Consider the following statements:

1. Hedge funds is the investable capital which moves swiftly towards the more profitable sectors of an economy.

2. Indian stock market has been in boom for the last two years, riding on the FIIs inflow via Participatory Notes (PNs).

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.82) Bad banks have been suggested as a way of dealing  with non-performing assets. Which of the following best describes a ‘bad bank’?

a) It is one which has more that 10% of its assets under performing or non-performing.

b) It is one which takes over all of the loans of a stressed bank before it goes under.

c) It relieves a stressed bank by taking over its non-performing assets and making it financially viable.

d) It is an entity within the bank which restructures the bank’s underperforming assets before they become unviable.

Q.83) In context of ‘Grant-in-aid’ to the states, which of the following statements is not correct?

a) Grant-in-aid is a complimentary/secondary instrument to tax devolution.

b) Finance Commission recommends the principle and quantum of grants to the states which are in need of assistance.

c) These grants are often referred to as ‘Gap filling grants’.

d) These grants are drawn out of Contingency Fund of India.

Q.84) Consider the following statements about Pradhan Mantri Kaushal Vikas Yojana (PMKVY):

1. It aims to train all the youth of working age by 2020.

2. Under the relaunched PMKVY, placement tracking has been made voluntary.

3. Prior learning of individuals is recognized, assessed, and certified through Recognition of Prior Learning certificates.

Which of the statements given above is/are not correct?

a) 1 only

b) 1 and2 only

c) 3only

d) 2and3only

Q85. Consider the following statements

1. No money out of consolidated fund of India is appropriated except in accordance

With a parliamentary law

2. Loan received by the World Bank is a part of revenue receipts.

3. Annual Financial Statement has to distinguish the expenditure of the Government on revenue account from other expenditures.

Which of the above statements is/are correct?

 a) 1, 3

 b) 1 only

 c) 3 only

 d) 1, 2

Q.86) Consider the following statements about Disability Adjusted Life Years (DALY):

1. It is the potential life lost due to premature death and years of productivity lost due to disability.

2. 1DALYis equivalent to loss of 1monthoffull health.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q87. Privy Purse was granted to the princely states due to which of these reasons?

 a) This was a part of the compromise to get Princely states on board the Constituent Assembly

 b) There was a revolt in the general populace with the uprooting of the princely states from the Independent India

 c) Princely states had significant private property and their integration was preceded by an assurance that they will be allowed to retain some property and be given some government allowances

 d) Princely states played a significant role in bringing constitutional reforms in the British administration

Q.88) Consider the following statements regarding ‘NSSO Periodic Labour Force Survey’ (PLFS)2017-18:

1. It was found that unemployment in India has increased and was at a four-decade high in 2017-18.

2. Unemployment in urban areas is higher compared to rural areas.

3. Labor Force Participation Rate (LFPR) has increased from 2011-12 to 2017-18.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1,2and3

Q.89) which of the following is the primary purpose of keeping foreign exchange reserves by the RBI?

a) To target a particular exchange rate in India.

b) To supply credit to various private and government projects abroad.

c) To act as a reserve for last resort in times of crisis.

d) To exhibits India’s growing political and economic prowess.

Q.90) Consider the following statements with respecttoASERreport2018:

1. The reports hows a learning deficit in students of classes I-VIII.

2. The learning deficit is limited to government schools.

3. Gradual improvement has been noticed in students of Kerala, Himachal, Chhattisgarh,

And Odisha.

Which of the statements given above is/are correct?

a) 1 and2 only

b) 2and3only

c) 1and3only

d) 1, 2, and3

Q.91) India uses which of the following exchange rate regime in foreign exchange regulation and management?

a) Fixed Currency Regime

b) Floating Currency Regime

c) Managed Exchange Regime

d) Pegged Currency Regime

Q92. Organizing the All India Whips Conference is one of the important functions assigned to the

a) Leader of Ruling and Opposition parties

 b) Ministry of Parliament Affairs

 c) Lok Sabha Secretariat

 d) Speaker of the Lok Sabha

Q.93) which of the following best describes the term “Devaluation” sometimes seen in thenews?

a) An asset losing its value due to its use, wear and tear or due to other economic reasons.

b) When the exchange rate of the domestic currency is reduced by its government against any foreign currency.

c) A tool used by Central bank to stabilise the domestic market through open market operations.

d) A term used in foreign exchange market which means a government increasing the exchange rate of its currency against any foreign currency.

Q.94) The focus of policies in India has always been to bring the marginalized and poor sections into the mainstream of society. Which of the following government schemes does not have social and financial inclusion as an objective?

a) Pradhan Mantri Jan Dhan Yojana

b) Sugamya Bharat Abhiyan

c) Project Saksham

d) Ayushman Bharat Mission

Q.95) which of the following items come under ‘Current Account’ of the Balance of Payment?

1. Exports

2. Interest payments

3. Private remittance

4. FDI

5. External lending and borrowing

Select the correct answer using the code given below:

a) 1,2and3

b) 2, 3 and 4

c)1,2,3and5

d) 1, 2, 3, 4 and 5

Q.96) In which of the following types of Disinvestment, the control over management is transferred?

1. Strategic disinvestment

2. Offer for Sale

3. Cross-holding

4. Privatization

Select the correct answer using the code given below.

a) 4 only

b) 1,2 and4

c) 2and3

d) 1and4

Q.97) With reference to Women’s Livelihood Bonds, consider the following statements:

1. They will be launched by SIDBI with the help of the World Bank and UN Women.

2. They will target women entrepreneurs in the technology sector.

Which of the statements given above is/are correct?

a) 1 only

b) 2only

c) Both1and2

d) Neither1nor2

Q.98) Consider the following statements with respect to ‘Indian Population Policy’:

1. The policy focuses on a balanced child sex ratio and not on birth control.

2. Female health rights have been given their due importance in the formulation of this policy.

3. The policy is youth friendly and provides counsellors for sexual health support.

Which of the statements given above is/are not correct?

a) 2and3only

b) 1 only

c) 3only

d) 1, 2, and3

Q.99) which of the following sources form part of the Revenue Receipts of government?

1. Interests received by the government on loans

2. Interests paid by the government on loans

3. Penalties & fines received by the government

4. Borrowings by the government

Select the correct answer using the code given below:

a) 1,3and4only

b) 1and3only

c) 1,2and3

d) 1 only

Q.100) Consider the following statements regarding Outcome and Performance Budgets:

1. Outcome Budget is presented by the Ministry of Finance, whereas Performance budget is presented by different departments of a ministry.

2. Outcome budget is a micro-level process and

Performance budget is a macro-level process.

3. Many Outcome budgets form one Performance budget.

Which of the statements given above is/are correct?

a) 1,2and3

b) 1 and2 only

c) 1 only

d) 2 and 3 only

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