Which of the following is the most appropriate measure of a country’s economic growth?
Per capita real income
Gross Domestic Product
Net National Product
Gross National Product
Tarapore Committee was related to-
Foreign direct investment
Banking license
Capital account convertibility
Inflation
What is the contribution of small-scale industries sector in India’s GDP?
15%
20%
30%
40%
Who issued the Permanent Account Number (PAN) card in India?
CSO
SEBI
RBI
Income Tax Department
Which among the following is the base year used for Wholesale Price Index (WPI)?
2004-05
2008-09
2010-11
2011–12
With reference to economy, what is Difference-in-Differences (DiD) methodology?
It is a device to study about the economic stratification
It is a statistical technique used to estimate the effect of a specific intervention.
It is a measurement to analyse living standard of various communities.
It is an average of the differences found in various studies of the same economic sector at the same time.
Basel Committee on Banking Supervision is a committee of bank supervisors drawn from member countries. Which of the following countries are among the member countries?
United Kingdom, China, India and United State of America
France, Germany, China and Saudi Arabia
Belgium, Spain, Sweden and Switzerland
All of the above
A situation, in which the allocation of goods and services by a free market is not efficient, is known as
market imperfection
market failure
market uctuation
market capturing
Consider the following statements regarding cooperative banking in India:
1) The rural co-operative credit system comprises short-term and long-term co-operative credit structures.
2) Primary Agricultural Credit Societies are not regulated by the Reserve Bank of India.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Consider the following statements regarding the Non-Banking Finance Companies (NBFCs) in India:
1) They cannot offer gifts to their customers.
2) Deposits placed with them are not insured.
3) Deposits placed with them are guaranteed by the Reserve Bank of India.
Which of the statements given above are correct?
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
The Bureau of Indian Standards (BIS) certification marks scheme was introduced by the government of India in which year?
1975
1982
1986
1995
Which of the following organizations prepare the Economic Survey of India?
Reserve Bank of India
Ministry of Finance
NITI Aayog
Ministry of Statistics and Programme Implementation
Which of the following is/are the objectives of WTO?
To set and implement rules for international trade
To settle down the trade disputes
To eliminate discriminatory treatment in international trade relations
Which of the following functions is/are of a commercial bank?
Accepting deposits
Granting of loans and advances
Electronic transfer of funds
Which of the following would be the best indicator for comparing development in different countries?
Per Capita Income
GDP
National Income
Market Capitalization
On the recommendation of which commission was RBI established?
Hilton Young Commission
Imperial Commission
Central Commission
Usha Thorat Committee
Consider the following functions of the Reserve Bank of India:
1) To regulate the issue of Bank notes as per the instructions of the Government.
2) To maintain price stability while keeping in mind the objective of growth.
Which of the functions given above is/are correct?
Which of the following are the Monetary Policy instruments?
1) Taxation2) Borrowing3) Moral Suasion4) Repo RateChoose the correct option:
3 and 4 only
1 and 4 only
Reasons for high FDI inflows in a country are –
High score in Macro vulnerability Index.
High Ination
Contractionary monetary policy.
Which among the following is termed ‘Hot Money’?
FII
FDI
ADR
GDR
Who publishes the World Economic Outlook report?
World Bank
World Economic Forum
Financial Action Task Force
International Monetary Fund
With reference to International Monetary Policy Trilemma, which of the following statements is/are correct?
1) The theory states that an Independent monetary Policy, free flow of Capital and fixed exchange rate cannot be achieved simultaneously.2) The theory is frequently credited to the economists Robert Mundell and Marcus Fleming and is also called as Mundell-Fleming trilemma.
Which of the statement given above is/are correct?
With reference to latest data available on internal trade in India, which of the following statements is/are correct?
1) Haryana is the largest net exporter State.2) Maharashtra is the top exporter as well as importer state.Select the correct statement(s) using the code given below:
Financial Stability Report:
1) Reflects the overall assessment on the stability of India’s financial system and its resilience to risks emanating from global and domestic factors.2) Is published by Ministry of Finance.Select the correct answer using the code given below:
1 and 2
Neither of the two
Convertibility of rupee implies:
being able to convert rupee notes into gold
allowing the value of rupee to be fixed by market forces
freely permitting the conversion of rupee to other currencies and vice versa
developing an international market for currencies in India
Which of the following would help in reviving investment in India?
1. Recapitalization of public sector banks2. Clear, transparent and stable tax regimeSelect the correct statement(s) using the code given below:
With reference to taxation, which of the following statements is/are correct?
1. Taxation is like economic glue which binds citizens to state in a two way relationship.2. Indirect taxes hurt more as they reduce disposable income and the taxpayer has no choice.Select the correct statement(s) using the code given below:
With reference to direct taxes, which of the following statements is/are correct?
1. Advanced economies collect a substantially lower proportion of their taxes as direct taxes than do emerging markets.2. India, an emerging market, collects about 60% of its tax as direct tax and the rest is indirect tax.Select the correct statement(s) using the code given below:
With reference to fiscal decentralization in India, which of the following statements is/are correct?
1. Panchayats are much better in terms of own revenue generation than Municipalities.2. The permissible taxes for Panchayats include property and entertainment taxes.Select the correct statement(s) using the code given below:
Both 1 and 2Both 1 and 2
With reference to the Twin Balance Sheet (TBS) challenge in India, which of the following statements is/are correct?
1) TBS refers to stressed balance sheets of both public sector banks and Corporates.2) Recapitalization would help in strengthening the balance sheets of Corporates.3) Resolution of stressed assets is one of the key strategies to solve this problem.Select the correct answer using the code given below:
Which of the following statements regarding “Commodity Market” is/are correct?
1) It can be defined as a virtual or a physical marketplace.
2) It facilitates purchasing, trading and selling of primary products or raw materials.
Select the correct answer using the codes given below:
With reference to “Demand”, consider the following statements:
1) It simply means a consumer’s desire to buy goods and services.
2) It is for the suppliers to decide the demand.
None of the above
Which of the following items come under Non-Planned Expenditure in the Union Budget of India?
1) Interest payments
2) Salaries and pensions
3) Subsidies
2 and 3
1 and 3
Consider the following statements regarding “Inflation”:
1) Inflation is associated with a sustained fall in prices.
2) Excess supply of money may cause inflation.
Food and Agriculture Organisation (FAO) Council approved India’s proposal to observe an International Year of Millets in which one of the following years?
2020
2021
2022
2023
Consider the following statements regarding Total Factor Productivity (TFP):
1) TFP is a measure of an economy’s long-term technological change.2) TFP enables economies to grow from low income to middle income and from there to high income economies.Select the correct answer using the code given below:
1 and 2
Which of the following statements are correct:
1) Spending on R&D is directly linked to number of patents in a country.2) India spends less than 1% of GDP on R&D3) In India, the private sector carries out the bulk of the R&DSelect the correct answer using the code given below:
Consider the following differences between ‘Bank Rate’ and ‘Repo Rate’:
1) Repo Rate is always higher than the Bank Rate.2) Increase in Bank Rate directly affects the lending rates offered to the customer while increase in Repo Rate doesn’t affect customers directly.3) No collateral is involved while charging Bank Rate but collateral is involved when Repo Rate is charged.Select the correct answer using the code given below:
GST has resulted in:
1) increase in indirect taxpayer base2) increase in voluntary compliance with payment of taxes3) transfer of the tax base toward consuming states from producing statesSelect the correct answer using the code given below:
WTO aims to implement which of the following Sustainable Development Goals (SDG):
1) SDG 2 on hunger, food security, nutrition and sustainable agriculture2) SDG 3 on healthy lives and wellbeing3) SDG 8 on economic growth, employment and work4) SDG 14 on oceans, seas, and marine resources.Select the correct answer using the code given below:
2, 3 and 4 only
3 only
1, 2, 3 and 4
Consider the following statements:
1) Interest rate on a bond and the yield on the bond in directly proportional to each other.
2) If the future growth prospects are high of any economy then people tend to spend more on government securities than on private securities.
The National Strategy for Financial Inclusion for India 2019-2024 is released by?
Department of economic affairs.
World Bank and Indian statistical institute.
With respect to the Recapitalization bonds, consider the following statements:
1) Under this PSBs will buy the bonds issued by the government and in turn Government will buy the shares issued by banks thus increasing the banks tier 1 equity capital.
2) These bonds are convertible i.e they can be converted into shares.
With respect to the National pension scheme for traders, consider the following statements:
1) It is a pension scheme for shopkeepers with annual turnover not exceeding Rs 1.5 crore.
2) Central government gives 75% contribution and the rest is borne by the beneficiaries.
Consider the following statements with respect to the Minimum Support Prices announced for agricultural crops:
1) Minimum support prices are currently announced for 24 commodities includes raw jute and Virginia flu cured (VFC) tobacco.
2) Cotton Corporation of India (CCI) is the central nodal agency for undertaking price support operations for Cotton.
Which one of the following is not correct about Repo rate?
It is the interest rate charged by the Central Bank of overnight loan
It is the interest rate paid by the commercial banks on overnight borrowing.
It is the interest rate agreed upon in the loan contract between a commercial bank and the Central Bank
It is the cost of collateral security
Which of the following are considered to be the four pillars of human development?
Equity, inclusion, productivity and empowerment
Equity, productivity, empowerment and sustainability
Productivity,gender,inclusion, and equity
Labour, productivity, inclusion and equity
Which of the following law/curve stated that ‘lower the unemployment in an economy, the higher the rate of inflation’ ?
Gini’s Curve
Verdoorn’s Law
Gibrat’s Law
Philips curve
Performance of how many companies are reflected in the Sensex?
5000
1600
50
30
“Capital Adequacy Ratio” is related to -
Interbank currency exchange rate
Risk soaking capacity of Banks
Bailout package for state DISCOMs
Adequate capital required for economic growth