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Only
1
is
true
Only
2
is
true
1
and
2
are
true
All
are
true
Only
1
is
correct
Only
2
is
correct
2
and
3
are
correct
All
are
correct
3. The
long
run
potential
growth
rate
for
India
is
a. 8-10%
b. 9-10%
c. 7-9%
d. 7-7.75%
The
correct
option
is
a
4. The
real
GDP
growth
for
2015-16
is
expected
to
be
a. 8-10%
b. 9-10%
c. 7-9%
d. 7-7.75%
The
correct
option
is
d
5. Consider
the
following
statements
1. There
are
no
risks
of
possible
spillovers
from
the
global
slowdown
2. The
correlation
between
Indian
and
global
growth
has
come
down
over
time
3. There
is
a
volatile
external
environment
Which
of
the
statements
are
incorrect?
a.
b.
c.
d.
Only
1
is
incorrect
1
and
2
are
incorrect
1
and
3
are
incorrect
All
are
incorrect
Correct
option
is
b
Explanation-there
are
significant
risks
of
weaker
global
activity
with
risks
of
possible
spillovers.
Also
the
correlation
between
the
growth
rate
of
India
with
that
of
the
world
has
increased
from
0.2
(1991-2002)
to
0.42
since
then.
6. Which
of
the
following
is
delaying
the
prospects
of
reviving
private
investment
a. Twin
balance
sheet
problem
b. Efficient
implementation
of
JAM
c. Delay
in
Implementation
of
GST
d. Delay
in
Implementation
of
GAAR
The
correct
answer
is
a
Explanation-
corporate
and
bank
balance
sheets
are
both
under
stress
which
on
one
side
has
made
the
corporates
to
put
on
hold
their
investments
decisions
and
on
the
other
side
the
banks
have
reduced
the
volume
of
the
loans
to
be
offloaded
and
the
cost
of
credit
has
gone
up.
7. Twin
balance
sheet
problem
refers
to
a. Increased
stress
on
the
balance
sheets
of
banks
and
corporates
b. Increasing
number
of
NPAs
exerting
stress
on
balance
sheet
of
the
banks
c. Increased
stress
on
the
balance
of
payments
situation
d. None
of
the
above
Choose
the
correct
option
The
correct
option
is
a
8. Consider
the
following
statements
with
regards
to
RIRI
1. RIRI
stands
for
Rational
Investor
Rating
Index
2. It
combines
two
elements-growth
and
inflation
3. India
as
a
destination
of
investment
proposition
stands
out
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
Only
3
is
correct
2
and
3
are
correct
All
are
correct
10. consider
the
following
statements
regarding
Indian
Agriculture
1. The
performance
in
2015-16
is
better
than
the
previous
year
2. Average
agriculture
growth
in
La-Nina
years
has
been
3.7%
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
12. The
dramatic
decline
of
oil
prices
is
a
cause
of
worry
because
1. May
have
an
effect
on
the
remittances
2. May
force
the
oil
exporting
countries
to
curtail
the
use
of
foreign
labor
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
14. The
stagnancy
in
the
exports
of
services
is
puzzling
because
1. More
of
the
services
go
to
Asian
countries
2. The
rupee
has
depreciated
in
the
last
year
against
dollar
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
Only
1
is
correct
1
and
2
are
correct
1
and
3
are
correct
All
are
correct
16. The
increase
in
the
wages
with
implementation
of
7th
Pay
commission
may
not
have
larger
impact
on
inflation
because
1. The
7th
pay
awards
do
not
determine
the
government
demand
2. The
pay
awards
determine
only
a
small
part
of
demand
3. There
is
a
slack
in
the
private
sector
labour
market
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
Only
2
is
correct
1
and
3
are
correct
All
are
correct
Only
1
Only
2
Both
can
be
used
Neither
can
be
used
18. The
stability
of
remittances
is
puzzling
even
though
1. The
crude
prices
of
oil
has
come
down
drastically
2. The
exports
of
steel
and
aluminum
has
increased
in
the
last
one
year
3. FDI
in
various
sectors
has
been
liberalized
Choose
the
correct
option
e.
f.
g.
h.
Only
1
is
correct
Only
2
is
correct
1
and
3
are
correct
All
are
correct
Only
1
is
correct
1
and
2
are
correct
2
and
3
are
correct
All
are
correct
20. The
4Rs
in
the
Twin
Balance
Sheet
Problem
recommendations
refer
refer
to
a. Recognition,
Recapitalization,
Resolution,
Reform
b. Recognition,
Reporting,
Resolution,
Reform
c. Recognition,
Recapitalization,
Regrouping,
Reform
d. Recognition,
Recapitalization,
Result,
Reform
The
correct
option
is
a
Explanation-
Recognition,
Recapitalization,
Resolution,
Reform
21. Consider
the
following
statements
regarding
WTO
1. Nairobi
meet
was
the
21st
Ministerial
Conference
2. WTO
approved
the
food
security/
stockholding
issue
in
2015
3. The
Nairobi
package
includes
SSM,
commitment
to
abolish
export
subsidies
on
farm
exports
and
measures
related
to
cotton
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
1
and
2
are
correct
Only
3
is
correct
All
are
correct
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
23. Consider
the
following
statements
1. As
per
the
Fitch
Rating
Agency,
India
is
in
the
A
investment
category
2. As
of
now
vulnerabilities
exist
in
china,
Brazil
and
Saudi
Arabia
3. In
the
short
run
India
must
focus
on
domestic
sources
of
demand.
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
1
and
2
are
correct
2
and
3
are
correct
All
are
correct
2)
Consider
the
following
statements
with
regards
to
Indian
economy
since
1980s
1. industrial
licensing
has
been
dismantled
2. no
public
sector
has
been
privatized
3. trade
barriers
have
been
reduced
Choose
the
correct
option
a)
b)
c)
d)
Opportunity
cost
Fiscal
cost
Economic
cost
Political
cost
5)
Consider
the
following
statements
1. firms averaging 40 years were 5 times larger (in terms of employment) than new ones in India
1. set up under Recovery of Debts Due to Banks &Financial Institutions Act 1993
3.
The
government
recently
has
announced
that
it
would
be
setting
up
5
more
DRTs
8)
Which
of
the
following
represents
the
difference
between
central
sector
scheme
and
centrally
sponsored
scheme
a)
b)
c)
d)
Central
sector
schemes
are
more
in
number
compared
to
centrally
sponsored
schemes
In
the
former
75%
contribution
is
from
the
centre
whereas
it
is
100%
in
the
latter
Both
are
one
and
the
same
The
former
is
implemented
by
its
own
machinery
whereas
the
latter
is
implemented
by
state
machinery
9)
The
imports
of
fertilizers
has
been
canalized.
Here
the
word
canalization
means
a)
b)
c)
d)
The
company
has
suffered
huge
loss
in
the
present
financial
year
The
accumulated
losses
of
the
company
to
be
equal
to
or
more
than
its
networth
The
accumulated
losses
of
the
company
to
be
equal
to
or
more
than
its
market
capitalization
None
of
the
above
11)
SICA
1985
was
the
result
of
the
recommendations
of
the
following
committee
a)
b)
c)
d)
T
Tiwari
committee
Narasimhan
committee
Alagh
Committee
Rangarajan
Committee
1-the smart cards were utilized for paying MGNREGA wages in Telangana
2-the smartcards were able to reduce payment delays, reduce leakages, increased wages etc
3-the
cost
of
implementation
of
the
smartcard
project
was
more
than
the
benefits
obtained
14)
The
demand
of
the
present
situation
is
that
the
PPP
(Perpetrator
Pays
Principle)
must
be
applied
in
a
careful
manner
because
1. The
corporate
houses
wield
a
large
political
power
2. The
investment
scenario
has
to
be
revived
3. Ten
large
corporate
houses
account
for
majority
of
private
capital
expenditure
Which
of
the
above
statement/s
are
true?
a)
b)
c)
d)
15)
Consider
the
following
statements
regarding
Insolvency
and
Bankruptcy
code
2015
1. When
the
default
occurs
creditors/borrower
must
approach
DRT
only
2. The
insolvency
resolution
must
be
finished
in
180
days
and
no
extension
is
provided
3. During
the
process
of
insolvency
resolution
the
debtor/borrower
is
not
immune
to
the
claims/lawsuits
of
creditors
Which
of
the
above
statements
are
incorrect?
a)
b)
c)
d)
16)
To
overcome
the
problems
of
strong
and
weak
institutions
the
government
is
taking
following
measure/s
1. The
Insolvency
and
Bankruptcy
code
2. Amending
PCA
3. Providing
blanket
immunity
to
the
bureaucrats
Which
of
the
above
is
correct?
a)
b)
c)
d)
Only
2
is
correct
1
and
2
are
correct
2
and
3
are
correct
All
are
correct
17)
Which
committee
was
set
up
by
GoI
to
recommend
regarding
revitalizing
PPP
a)
b)
c)
d)
Rangarajan
Committee
TSR
Subramaniam
committee
Parekh
committee
Kelkar
committee
new
technologies
so
that
the
forces
of
competition
can
guide
capital
and
labor
resources
to
their
most
productive
and
dynamic
uses.
But
it
also
requires
exit
so
that
resources
are
forced
or
enticed
away
from
inefficient
and
unsustainable
uses.
2)
Correct
option
is
c.
Explanation-
Since
the
early
1980s,
the
Indian
economy
has
made
remarkable
progress
in
increasing
entry:
industrial
licensing
has
been
dismantled,
public
sector
monopolies
have
been
diluted,
some
public
sector
assets
have
been
privatized,
foreign
direct
investment
has
been
considerably
liberalized,
a
process
that
has
been
accelerated
under
this
government,
and
trade
barriers
have
been
reduced.
3) Correct option is b.
Explanation-the
sick
pay
indirect
taxes
which
are
used
to
subsidize
the
sick
companies
and
since
these
sick
companies
are
still
existing
they
lead
to
supply
of
substandard
goods
and
services
whose
prices
would
have
come
down
as
a
result
of
competition
if
these
companies
were
allowed
to
exit.
4)
Correct
option
is
d.
Explanation-the
impeded
exit
leads
to
creation
of
three
costs-fiscal,
economic
and
political
5)Correct
option
is
b.
Explanation-the
size
of
companies
averaging
40
years
was
2.5
times
the
new
ones.
The
exit
problem
is
not
only
restricted
to
the
public
sector
and
in
fact
has
become
the
major
problem
in
the
private
sector
6)
Correct
option
is
C
Explanation-the
subsidies
that
are
provided
to
the
sick
firms
can
be
of
two
types-implicit
and
explicit.
The
bailout
provided
by
the
government
is
a
type
of
explicit
subsidy.
The
loans
given
by
the
banks
are
a
type
of
implicit
subsidy.
Since
the
bank
has
given
the
loans
and
the
company
is
has
turned
sick,
the
banks
may
become
cautious
and
in
order
to
prevent
further
accumulation
of
NPA
may
hike
the
interest
rates.
7)
Correct
option
is
a
Explanation-DRTs
have
following
features
a)
Have
been
set
up
under
The
Recovery
of
Debt
Due
to
Banks
and
Financial
Institutions
Act
1993
b)
In
principle
both
the
borrower
and
lenders
can
approach
DRTs
c)
GoI
has
recently
announced
that
it
would
be
setting
up
DRTs
at
6
cities-Bangalore,
Chandigarh,
Dehradun,
Siliguri
and
Hyderabad
8)Correct
option
is
d
Central
Sector
Schemes
are
different
(and
less
in
number)
than
Centrally
Sponsored
Schemes.The
major
difference
is
that
the
former
is
funded
entirely
by
the
Central
government
and
implemented
byits
machinery,
whereas
the
latter
is
based
on
subjects
in
the
State
List,
and
is
majorly
funded
by
the
Centralgovernment
but
implemented
by
the
states.
9)correct
option
is
b.
Explanaion-only
three
companies-STC,
MMTC
and
IPL
are
allowed
to
import
fertilizers
into
India.
10)
correct
option
is
b
Explanation-Criterias
to
be
declared
as
sick
company
are
a) The
accumulated
losses
to
be
more
than
the
networth
b) The
company
must
have
a
factory
license
c) Company
should
have
completed
at
least
5
years
after
having
been
incorporated
under
companies
act
of
1956
d) The
company
must
have
had
at
least
50
workers
on
any
of
the
working
days
in
the
preceding
year
11)
Correct
option
is
a
Explanation-because
of
the
increase
in
the
industrial
sickness
in
the
country,
the
then
government
appointed
T
Tiwari
committee,
whose
recommendations
have
led
to
formulation
of
SICA
1985
12)
correct
option
is
c
Explanation-In
India
over
the
period
of
time
there
have
been
certain
institutions
which
are
becoming
weak
because
of
various
reasons
(eg-DRT)
and
on
the
other
hand
we
have
institutions
which
are
growing
strong,
now
because
of
these
strong
institutions
the
managers
have
a
fear
that
writing
off
the
loans
may
bring
them
under
the
scanner
of
strong
institutions
which
is
leading
to
ever
greening
of
the
loans
13)
correct
option
is
c
Explanation-in
order
to
reduce
leakages,
root
out
ghost
cards,
decrease
time
delays,
biometric
smart
cards
were
used
in
the
state
of
Andhra
Pradesh.
It
achieved
all
the
objectives.
The
return
was
seven
times
the
cost
of
implementation.
90%
of
the
beneficiaries
also
preferred
the
smart
cards.
14)
correct
answer
is
c
Explanation-the
PPP
although
stipulates
that
the
promoters
gambit
has
not
paid
off
it
is
them
who
have
to
suffer
the
consequences.
Having
said
so
it
is
also
imperative
that
there
is
a
need
to
revive
the
growth
and
also
the
fact
that
the
majority
of
the
private
capital
expenditure
comes
from
top
10
companies
which
also
had
taken
the
risk,
there
is
a
need
to
apply
PPP
with
certain
trade
offs
15)
correct
option
is
d
Explanation-the
creditors/borrower
can
either
approach
DRT
(individuals)
or
NCLT
(companies).
If
the
IR
is
not
over
in
180
days
then
an
extension
of
90
days
can
be
provided.
During
the
process
of
IR,
the
borrower
is
immune
from
creditors
claims
and
lawsuits
16)
correct
answer
is
b
Explanation-the
parliament
in
May
2016
has
passed
the
Insolvency
and
Bankruptcy
bill
2015
which
will
strengthen
DRT/NCLT
and
on
the
other
hand
to
mitigate
the
negative
impact
of
strong
institutions
the
government
is
mulling
amending
PCA
which
can
differentiate
cases
of
graft
from
those
which
are
genuine
errors
in
the
decision
making
17)
correct
answer
is
d
Only
1
is
correct
Only
3
is
correct
1
and
2
are
correct
All
are
correct
Only
I
is
correct
Only
2
is
correct
1
and
2
are
correct
1
and
3
are
correct
Only
1
is
incorrect
1
and
3
are
incorrect
Only
2
is
incorrect
All
are
incorrect
Only
1
is
correct
1
and
2
are
correct
Only
3
is
correct
All
are
correct
Te
correct
option
is
c
Explanation-the
banking
penetration
on
an
average
is
46%
in
India
and
there
are
only
two
states
which
have
coverage
greater
than
75%
(chattisgarh
and
Madhya
Pradesh)
and
the
state
of
Chattisgarh
has
the
highest
penetration
of
86%.
7) Consider
the
following
statements
a) 75%
of
the
adult
population
has
been
covered
under
Aadhaar
b) Banking
penetration
in
india
is
over
50%
c) To
improve
the
banking
penetration
government
of
India
recently
launched
MUDRA
bank
Choose
the
correct
option
a)
b)
c)
d)
Te
correct
option
is
c
Explanation-
Aadhaar
has
covered
75%
of
the
total
population
and
955
of
the
adult
population.
The
banking
coverage
on
an
average
in
India
is
46%
and
to
improve
the
penetration
RBI
has
issued
23
new
licenses.
Only
1
is
correct
1
and
3
are
correct
2
and
3
are
correct
All
are
correct
10)
Only
1
is
correct
1
and
3
are
correct
2
and
3
are
correct
All
are
correct
11)
12)
Only
1
is
correct
1
and
2
are
correct
2
and
3
are
correct
All
are
correct
13)
Consider
the
following
regarding
PAHAL
scheme
1) For
availing
PAHAL,
Aadhaar
is
mandatory
2) Cylinders
provided
to
households
enjoy
universal
subsidy
3) Introduction
of
PAHAL
has
led
to
spike
of
black
market
prices
of
cylinders
Only
1
is
correct
1
and
2
are
correct
2
and
3
are
correct
All
are
correct
15)
Only
1
is
correct
1
and
2
are
correct
1
and
3
are
correct
All
are
correct
1
is
correct
2
is
correct
Both
are
correct
Both
are
incorrect
Correct
answer
is
c
Explanation-The
new
MGNREGS
system
has
following
features
The
new
system
keeps
funds
in
a
central
pool
Disburses
the
expenditure
in
real
time
i.e
when
the
spending
has
occurred
The
funds
will
flow
from
either
centre/state
to
panchayat
Since
the
funds
are
transferred
in
real
time
from
the
pool
it
can
avoid
misallocation.
17)
a)
b)
c)
d)
Correct
answer
is
a
18)
a)
b)
c)
d)
Correct
answer
is
a
Explanation-there
are
4
states
which
have
lower
than
50%
Aadhaar
penetration-Nagaland
(48.9%),
Mizoram
(38%),
Meghalaya
(2.9%)
and
Assam
(2.4%)
19)
Even
after
the
implementation
of
PAHAL
,
diversion
of
LPG
from
domestic
to
commercial
sources
continues
because
a) Violation
of
One
Product
One
Price
Principle
b) There
is
increased
supply
of
LPG
c) The
usage
of
LPG
by
households
has
come
down
d) None
of
the
above
The
correct
option
is
a.
Explanation-
LPG
in
India
is
available
at
3
different
prices-subsidized,
unsubsidized
and
market
price
(The
first
two
are
for
households
and
third
is
for
commercial
uses).
The
cylinders
sold
in
market
attract
customs
and
excise
duties.
Since
the
cylinders
are
available
at
three
different
prices
there
is
a
still
a
scope
for
diversion.
20)
Only
1
is
correct
2
and
3
are
correct
1
and
3
are
correct
All
are
correct
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
3.
Pink
revolution
refers
to
a. meat
b. potato
c. oil
seeds
d. fruits
The
correct
answer
is
a
Explanation-After
Green
and
White
revolutions
India
has
seen
the
rise
of
Pink
revolution
which
refers
to
technological
revolutions
in
the
meat
processing
4.
Consider
the
following
statements
1. the
average
wheat
production
of
India
is
lower
than
the
world
average
2. only
three
states-Punjab,
Haryana
and
Madhya
Pradesh
have
much
higher
yields
compared
to
the
world
average
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
Only
3
is
correct
2
and
3
are
correct
All
are
correct
comparison
39%
less
46%
less
The
average
production
of
paddy
is
India
is
lesser
than
the
average
of
the
world.
6.
Consider
the
following
statements
regarding
pulses
1. India
imports
pulses
2. India
is
one
of
the
major
producers
of
pulses
3. Average
production
of
pulses
in
India
is
lesser
than
the
world
average
Choose
the
correct
option
a.
b.
c.
d.
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
Explanation-
In
case
of
pulses
most
of
the
land
under
production
is
unirrigated
and
most
of
the
production
from
the
unirrigated
land.
Government
provides
MSP
for
pulses
like
moong,
gram,
urad
etc
8.
Consider
the
following
statements
regarding
MSP
1. Was
introduced
in
1966-67
2. MSP
is
decided
by
CACP
3. MSP
is
announce
at
the
beginning
of
Kharif
season
only
Choose
the
correct
option
a.
b.
c.
d.
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
10.
Which
of
the
following
is/are
components
of
Rainbow
revolution
1. Round
revolution
2. Yellow
Revolution
3. Silver
revolution
Choose
the
correct
option
a.
b.
c.
d.
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
Only
1
is
correct
Only
3
is
correct
2
and
3
are
correct
All
are
correct
12.
In
order
to
increase
coverage
under
irrigation
and
promote
the
efficient
use
of
water,
government
should
1. New
irrigation
technologies
must
be
given
infrastructure
lending
status
2. Both
centre
and
state
must
increase
public
spending
on
flood
irrigation
3. The
ongoing
schemes
must
be
consolidated
into
AIBP
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
15.
Which
of
the
following
represents
the
water
deficiency
in
India
1. India
exports
rice,
cotton,
sugar
and
soyabean
2. The
government
subsidises
electricity
for
agriculture
Only
1
is
correct
2
and
3
are
correct
1
and
3
are
correct
All
are
correct
17.
There
is
a
need
to
promote
the
production
of
other
crops
especially
pulses
because
1. Indian
agriculture
has
become
cereal
centric
2. The
dietary
patterns
are
evolving
3. The
social
returns
of
pulses
is
higher
than
cereals
Choose
the
correct
option
a.
b.
c.
d.
Only
2
is
correct
Only
3
is
correct
1
and
3
are
correct
All
are
correct
19.
Consider
the
following
statements
1. Wheat
production
in
India
is
greater
than
that
of
America
2. Milk
production
in
India
is
greater
than
that
of
America
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
Only
2
is
true
2
and
3
are
true
Only
1
is
true
All
are
true
5. Consider
the
following
statements
regarding
open
defecation
1. In
south
Asia,
Pakistan
and
Afghanistan
have
higher
open
rural
defecation
2. 61%
of
the
rural
population
in
India
defecates
in
the
open
3. All
the
population
that
defecate
in
the
open
do
not
have
working
latrines
Choose
the
correct
option
a.
b.
c.
d.
Only
2
is
true
2
and
are
true
Only
1
is
true
All
are
true
Only
2
is
true
2
and
3
are
true
Only
1
is
true
All
are
true
Only
2
is
true
2
and
3
are
true
Only
1
is
true
All
are
true
Only
2
is
true
1
and
2
are
true
Only
3
is
true
All
are
true
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
Only
2
is
true
1
and
2
are
true
Only
3
is
true
All
are
true
13. Which
of
the
following
scheme/s
has/have
entitlements
for
pregnant
women
1. ICDS
2. NFSA
3. JSY
Choose
the
correct
option
a.
b.
c.
d.
Only
2
1
and
2
Only
3
All
the
three
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
and
3
are
true
Only
1
and
3
are
true
All
are
true
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
3
is
true
Only
2
and
3
are
true
Only
1
and
3
are
true
All
are
true
Only
1
is
true
Only
2
and
3
are
true
Only
1
and
3
are
true
All
are
true
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Explanation-
Subsidy
is
usually
given
to
producers/suppliers
so
that
the
prices
are
kept
low,
employment
is
maintained
etc
or
directly
to
the
consumers
as
in
case
of
DBT
in
LPG,
in
any
case
it
distorts
the
market
thereby
leading
to
mis-allocation
of
resources.
The
government
has
various
tariff
rates
in
case
of
electricity
and
railway.
In
such
cases
it
overcharges
one
segment
and
subsidizes
the
other
heavily
hence
provides
cross-subsidization
14. Consider
the
following
statements
1. The
higher
rate
of
returns
on
small
saving
schemes
lead
to
higher
savings
2. The
higher
rate
of
returns
on
small
saving
schemes
may
lead
to
lower
savings
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
16. Consider
the
following
regarding
PAHAL
1. It
is
a
form
of
direct
subsidy
2. AADHAAR
is
mandatory
3. The
government
has
decided
not
to
give
LPG
subsidy
to
households
having
an
annual
income
greater
than
5
lakh
rupees
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
true
Only
2
and
3
are
true
Only
1
and
3
are
true
All
are
true
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
and
3
are
true
Only
1
and
3
are
true
All
are
true
Only
1
Only
2
and
3
Only
1
and
3
All
the
three
Only
1
Only
2
Both
None
of
the
two
Only
2
is
correct
Only
2
and
3
are
correct
Only
1
and
3
are
correct
All
the
three
are
correct
Is
a
direct
tax
Is
taxed
differently
at
all
the
three
levels
of
government
Could
turn
out
to
be
the
important
source
of
revenue
for
the
local
bodies
(if
reformed)
Usually
collected
at
municipalities
Higher
property
tax
may
lead
to
end
of
property
price
speculation
Is
important
because
it
is
levied
on
an
immovable
good
4. Fiscal
capacity
refers
to
1. Expenditure
2. revenue
Choose
the
correct
option
a.
b.
c.
d.
Only
1
Only
2
Both
None
Only
2
Only
2
and
3
Only
1
and
3
All
Only
2
Only
3
Only
2
and
3
All
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
Only
2
Both
None
are
true
Only
1
Only
1
and3
Only
2
and
3
All
Explanation-
The
income
tax
exemption
level
must
be
maintained
so
that
more
and
more
income
earners
naturally
fall
under
tax
bracket
as
the
data
corroborates
it.
The
subsidies
cannot
be
completely
eliminated
but
better
targeting
could
hold
the
key.
Property
tax
must
be
developed
as
it
would
reduce
speculation,
bring
more
revenues
etc.
11. Which
of
the
following
is
going
to
reduce
the
fiscal
capacity
of
a
country
1. Missing
taxpayers
2. Exiting
of
the
taxpayers
3. Well
directed
subsidy
Choose
the
correct
option
a.
b.
c.
d.
Only
1
Only
1
and3
Only
1
and
2
All
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
13. What
should
have
been
the
ideal
taxpayer
to
voter
turnout
ratio
for
India
a. 5.5%
b. 4%
c. 7.9%
d. 23%
The
correct
option
is
d
14. Consider
the
following
statements
regarding
TPC
1. Will
be
headed
by
PM
2. Will
suggest
broad
policy
measures
for
taxation
3. Recommendations
are
binding
on
the
government
Choose
the
correct
option
a.
b.
c.
d.
Only
2
is
correct
Only
2
and
3
are
correct
Only
1
and
3
are
correct
All
the
three
are
correct
Only
1
Only
2
and
3
Only
1
and
3
All
the
three
goods.
Free
Trade
Agreement-is a preferential agreement wherein members will reduce tariffs on
trade amongst themselves whereas for rest of the world they will impose their own tariffs
Customs
Union-is
a
free
trade
agreement
where
members apply a Common External Tariff
schedule to imports from other countries
Common
Market- is a customs union where movement of factors of production is
relatively free amongst member countries
Economic Union-is a common market where member countries co-ordinate on their macro-
other countries
3. Is
a
customs
union
where
movement
of
factors
of
production
is
relatively
free
amongst
the
member
countries
4. Is
a
common
market
where
member
countries
co-ordinate
their
macroeconomic
policies
The
correct
answer
is
c
Explanation-
Common
Market- is a customs union where movement of factors of production is
other countries
c. Is
a
customs
union
where
movement
of
factors
of
production
is
relatively
free
amongst
the
member
countries
d. Is
a
common
market
where
member
countries
co-ordinate
their
macroeconomic
and
exchange
rate
policies
The
correct
answer
is
d
Explanation-
Economic
Union-is
a
common
market
where
member countries co-ordinate on their macro-
Only
1
1
and
3
Only
2
All
other countries
3. Is
a
customs
union
where
movement
of
factors
of
production
is
relatively
free
amongst
the
member
countries
4. Is
a
common
market
where
member
countries
co-ordinate
their
macroeconomic
and
exchange
rate
policies
The
correct
answer
is
b
Explanation-
Customs
Union-is
a
free
trade
agreement
where
members apply a Common External Tariff
Explanation-since
the
exports
are
increasing
it
will
lead
to
higher
inflow
of
foreign
currency
into
India.
The
supply
of
these
foreign
currencies
increase
thereby
increasing
the
demand
for
Indian
rupees
and
thus
appreciating
its
value.
9. Consider
the
following
statements
on
SAFTA
(South
Asia
Free
Trade
Agreement)
1. It
replaced
SAPTA
2. Consists
of
seven
member
countries
of
SAARC
3. India
and
Pakistan
are
both
the
members
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
true
2
and
3
is
true
1
and
3
are
true
All
are
true
Only
1
1
and
3
Only
2
All
11. The
higher
inflow
of
FDI
into
India
will
lead
to
_________
of
Indian
currency
1. Depreciation
2. Appreciation
3. Both
are
independent
of
each
other
4. Devaluation
The
correct
option
is
b
Explanation-
The
supply
of
foreign
currencies
increases
thereby
increasing
the
demand
for
Indian
rupees
and
thus
appreciating
its
value.
12. The
impact
of
TPP
on
India
could
be
1. The
exports
will
increase
rapidly
2. Will
contribute
2%
to
GDP
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
true
Only
2
is
true
Both
are
false
Bothe
are
true
Only
1
is
true
1
and
3
are
true
Only
2
is
true
All
are
true
a.
b.
c.
d.
Only
1
is
true
1
and
3
are
true
2
and
3
are
true
All
are
true
Only
3
is
true
1
and
3
are
true
2
and
3
are
true
All
are
true
Only
1
is
correct
2
and
3
are
correct
Only
3
is
correct
All
are
correct
Only
1
is
correct
2
and
3
are
correct
Only
3
is
correct
All
are
correct
Only
1
is
correct
2
and
3
are
correct
Only
3
is
correct
All
are
correct
Only
1
is
correct
2
and
3
are
correct
Only
3
is
correct
All
are
correct
Only
1
is
correct
1
and
3
are
correct
Only
3
is
correct
All
are
correct
1
and
2
1
and
3
1,2
and
3
All
the
four
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
14. Consider
the
following
statements
regarding
MOP
and
DAP
1. Subsidy
given
is
based
on
the
cost
of
production
2. Imports
of
MOP
and
DAP
are
controlled
by
the
government
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
Only
2
is
correct
Both
are
correct
Both
are
wrong
Only
1
is
correct
1
and
3
are
correct
Only
2
is
correct
All
are
correct
Only
1
is
correct
1
and
3
are
correct
Only
2
is
correct
All
are
correct
Only
3
agencies
are
given
the
permission
to
import
urea
and
any
miscalculation
in
the
requirement
may
lead
to
shortage
of
supply
and
diversion
into
black
market
18. As
per
the
experts
what
is
the
ratio
in
which
N,
P
and
K
should
be
used
a. 2:4:1
b. 4:2:1
c. 1:2:4
d. 1:4:2
The
correct
option
is
b
19. Consider
the
following
statements
1. India
overuses
fertilizers
more
than
china
2. All
states
use
thrice
more
nitrogen
as
compared
to
phosphorous
than
is
recommended
Choose
the
correct
option
a. Only
1
is
correct
b. Only
2
is
correct
c. Both
are
correct
d. Both
are
wrong
The
correct
option
is
d
Explanation-china
overuses
fertilizers
more
than
India.
Most
states
use
almost
twice
more
nitrogen
as
compared
to
phosphorous
than
is
recommended.
In
case
of
nitrogen
used
is
100%
more
than
potash.
20. Consider
the
following
statements
1. Decanalisation
will
lead
to
more
black
marketing
2. It
would
also
lead
to
spike
in
the
market
prices
3. It
would
lead
to
better
estimation
of
demand
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
1
and
3
are
correct
Only
3
is
correct
All
are
correct
21. Following
which
measures
should
be
taken
to
increase
the
efficiency
of
urea
subsidy
1. Shifting
to
NBS
2. Deregulating
the
market
3. Neem
coating
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
correct
1
and
3
are
correct
Only
3
is
correct
All
are
correct
Only
1
1
and
2
2
and
3
All
the
three
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
7. The
dismissal
norms
for
the
formal
sector
have
been
provided
under_______
a. The
Industrial
Disputes
Act
1947
b. Payment
of
Minimum
Wages
Act
1948
c. Payment
of
Bonuses
Act
1965
d. Companies
Act
2013
The
correct
option
is
a
Explanation-As
per
section
2A
of
IDA-Where
any
employer
discharges,
dismisses,
retrenches,
or
otherwise
terminates
the
services
of
an
individual
workman,
any
dispute
or
difference
between
that
workman
and
his
employer
connected
with,
or
arising
out
of,
such
discharge,
dismissal,
retrenchment
or
termination
shall
be
deemed
to
be
an
industrial
dispute
8. Consider
the
following
statements
on
EPF
a. For
employees
earning
up
to
Rs
15000
per
month
it
is
mandatory
b. The
employer
contributes
12%
of
the
take
home
salary
c. Whole
of
this
12%
goes
as
the
contribution
towards
provident
fund
Choose
the
correct
option
a.
b.
c.
d.
Only
1
1
and
2
2
and
3
All
the
three
9. The
benefit
of
contract
labour
are
1. It
is
cheaper
to
hire
them
2. They
do
not
form
a
part
of
formal
labour
hence
the
size
of
the
firm
essentially
remains
unchanged
3. Since
company
has
outsourced
hiring
of
contract
labour,
it
did
not
worry
about
regulations,
labour
inspections
of
the
contract
laborers
Choose
the
correct
option
a.
b.
c.
d.
Only
1
1
and
2
2
and
3
All
the
three
Only
1
Only
1
and
2
Only
2
and
3
All
the
three
Only
1
Only
1
and
2
Only
2
and
3
All
the
three
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
b. In
case
of
fertilizer
manufacturing
industry,
75-80%
of
the
production
costs
are
due
to
energy,
hence
it
is
not
employment
intensive
14. India
should
have
been
a
leader
in
apparel
industry
because
1. It
is
capital
intensive
2. It
is
labour
intensive
3. Only
a
fraction
of
the
costs
are
consumed
by
capital
intensive
inputs
Choose
the
correct
option
a.
b.
c.
d.
Only
1
Only
1
and
2
Only
2
and
3
All
the
three
Only
1
Only
1
and
2
Only
2
and
3
All
the
three
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
Only
1
and
2
Only
2
and
3
All
the
three
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Explanation-The
integration
of
grids
will
lead
to
supply
of
power
from
one
grid
to
another
which
will
lead
to
a
vibrant
electricity
market.
For
planning
and
operational
purposes,
I ndia
w as
demarcated
i nto
5
r egions
n amely
N orthern,
E astern,
W estern,
N orth
E astern
a nd
Southern
r egion.
4. The
renewable
energy
targets
have
been
revised
to
a. 150
GW
by
2020
b. 175
GW
by
2022
c. 172
GW
by
2020
d. 150
GW
by
2022
The
correct
option
is
b
Explanation-The
renewable
energy
targets
has
been
revised
from
32
GW
to
175
GW
by
2022
of
which
the
respective
components
are
solar
(100
GW)
+
Wind
(60
GW)
+
Biomass
and
others
(10GW)
+
small
hydro
projects
(5
GW)
5. In
which
were
the
power
exchanges
set
up
a. 2010
b. 2012
c. 2008
d. 2007
The
correct
option
is
c
Explanation-Open
Access
policy
on
electricity
was
announced
in
2003
and
to
operationalized
it
power
exchanges
were
set
up
in
2008,
here
the
price
discovery
would
happen
though
competitive
bidding.
6. The
peak
level
deficit
for
the
year
2014-15
was
a. 3.5%
b. 3.0%
c. 2.0%
d. 2.4%
The
correct
option
is
d
Explanation-Peak
level
deficit
refers
to
the
shortfall
in
the
demand
and
supply
of
power
during
the
peak
levels
such
as
summer.
Only
1
is
true
Only
2
is
true
Only
2
and
3
All
are
true
d. Price
and
non-price
barriers
come
in
the
way
of
single-nationwide
electricity
prices
through
open
access.
e. Determination
of
progressive
tariff
schedules
for
domestic
consumers.
f. India
suffers
from
high
AT&C
losses
(25%
for
2014-15)
10. The
government
has
introduced
which
of
the
following
scheme/s
in
the
power
sector
1. UDAY
2. IPDS
3. DDUGJY
Choose
the
correct
option
a.
b.
c.
d.
Only
1
is
true
Only
2
is
true
Only
2
and
3
All
are
true
Only
1
is
true
Only
2
is
true
Only
2
and
3
All
are
true
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
Only
1
is
true
Only
2
is
true
Only
2
and
3
All
are
true
Only
1
is
true
Only
2
is
true
Both
are
true
Both
are
false
17. As
per
the
budget
the
target
year
for
electrifying
all
the
villages
is
a. 2018
b. 2019
c. 2020
d. 2022
The
correct
option
is
a
18. As
per
the
National
Tariff
policy
the
deadline
for
ensuring
24*7
electricity
to
all
is
a. 2019-20
b. 2020-21
c. 2021-22
d. 2022-23
The
correct
option
is
c