1.Which of the following is/are the advantage/advantages of practicing drip irrigation?
1. Reduction in weed
2. Reduction in soil salinity
3. Reduction' in-soil erosion
Select the correct answer using the code given below.
a) 1 and 2 only
b) 3 only
c) 1 and 3 only
d) None of the above
2. There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty Select the correct answer using the code given below.
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2, 3 and 4
3. 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 and 2 only
b) 1 and 3 only
c) 2 only
d) 1, 2 and 3
4. Which one of the following is the purpose of ‘UDAY’, a scheme of the Government?
a) Providing technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy.
b) Providing electricity to every household in the country by 2018.
c) Replacing the coal-based power plants with natural gas, nuclear, solar, wind, and tidal power plants over a period of time.
d) Providing for financial turnaround and revival of power distribution companies.
5. In the context of which of the following do you sometimes find the terms ‘amber box, blue box, and green box’ in the news?
a) WTO affairs
b) SAARC affairs
c) UNFCCC affairs
d) India-EU negotiations on FTA
6. Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buildings, machinery, etc.
2. Loans received from foreign governments
3. Loans and advances granted to the States and Union Territories
Select the correct answer using the code given below.
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
7. With reference to the International Monetary and Financial Committee (IMFC), consider the following statements:
1. IMFC discusses matters of concern affecting the global economy and advises the International Monetary Fund (IMF) on the direction of its work.
2. The World Bank participates as an observer in IMFC’s meetings.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
8. Which of the following best describes the term ‘import cover’, sometimes seen in the news?
a) It is the ratio of the value of imports to the Gross Domestic Product of a country
b) It is the total value of imports of a country in a year
c) It is the ratio between the value of exports and that of imports between two countries
d) It is the number of months of imports that could be paid for by a country’s international reserves
9. The term ‘Core Banking Solution’ is sometimes seen in the news.
Which of the following statements best describes/describe this term?
1. It is a network of a bank’s branches that enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBI’s control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below.
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
10. India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news.
Which of the following has declared that ranking?
a) Organization for Economic Cooperation and Development (OECD)
b) World Economic Forum
c) World Bank
d) World Trade Organization (WTO)
11. What is/are the purpose/purposes of the ‘Marginal Cost of Funds based Lending Rate (MCLR)’ announced by RBI?
1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.
2. These guidelines help ensure the availability of bank credit at interest rates that are fair to the borrowers as well as the banks.
Select the correct answer using the code given below.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
12. With reference to ‘Financial Stability and Development Council’, consider the following statements:
1. It is an organ of NITI Aayog.
2. It is headed by the Union Finance Minister.
3. It monitors macroprudential supervision of the economy.
Which of the statements given above is/are correct?
a) 1 and 2 only
b) 3 only
c) 2 and 3 only
d) 1, 2 and 3
13. What is/are the purpose/purposes of ‘District Mineral Foundations’ in India?
1. Promoting mineral exploration activities in mineral-rich districts
2. Protecting the interests of the persons affected by mining operations
3. Authorizing State Governments to issue licenses for mineral exploration
Select the correct answer using the code given below.
a) 1 and 2 only
b) 2 only
c) 1 and 3 only
d) 1, 2 and 3
14. With reference to ‘Bitcoins’, sometimes seen in the news, which of the following statements is/are correct?
1. Bitcoins are tracked by the Central Banks of the countries.
2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address.
3. Online payments can be sent without either side knowing the identity of the other.
Select the correct answer using the code given below.
a) 1 and 2 only
b) 2 and 3 only
c) 3 only
d) 1, 2 and 3
15. What is/are the purpose/purposes of the Government’s ‘Sovereign Gold Bond Scheme’ and ‘Gold Monetization Scheme’?
1. To bring the idle gold lying.
with Indian households into the economy.
2. To promote FDI in the gold and jewelry sector.
3. To reduce India’s dependence on gold imports Select the correct answer using the code given below.
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer.
1-C; 2-C; 3-B; 4-D; 5-A;
6-D; 7-C; 8-D; 9-A; 10-C;
11-C; 12-C; 13-B; 14-B; 15-C;
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