ECONOMICS प्रश्न बैंक

1. Which of the following are included as 5.
Consider the following statements

part of India’s GDP? regarding Gross Domestic Product:
(i) Activities in Indian embassies and (i) It is the value added by all the firms
consulates in other countries in the economy
(ii) Air India services between two (ii) It is the final value of goods and
different countries services produced in the economy
(iii) Value addition in India’s economic (iii) It is the sum of final consumption
territory and investment expenditure by the
(iv) Economic activities of residents of
household, private and government
India in international waters
sector and net of exports and
imports
Select the correct answer using the
code given below: (iv) It is the income received by the four
(a) (i) & (ii) only factors of production
(b) (iii) only
(c) (ii) & (iii) only Select the correct answer using the
(d) All of the above code given below:
(a) (i) & (ii) only
2. The visit of foreigners in India to see the (b) (i), (ii) & (iii) only
various places/events in the country, (c) (i), (ii) & (iv) only
amounts to which of the following in (d) All of the above
terms of economy:
6. Consider the following statements
(a) Production
(b) Consumption (i) Capital goods are final goods and
(c) Import are not used as an input
(d) Export (ii) Intermediate goods are those which
have been produced but should be
3. Quarterly and Annual GDP data is further transformed before it can be
released by NSO with a time lag of: used for any purpose
(a) One month Select the correct answer using the

(b) Two months code given below:
(c) Three months (a) (i) only
(b) (ii) only
(d) Four months
(c) Both (i) & (ii)
(d) Neither (i) nor (ii)
4. The demand for GDP in the economy
comes from which of the following
7. Which of the following are not counted
sectors:
in India’s GDP calculation?
(i) Household
(i) Informal sector activity
(ii) Private (ii) Re-exports
(iii) Government
(iv) External Select the correct answer using the
code given below:
Select the correct answer using the (a) (i) only
code given below: (b) (ii) only
(a) (i) & (ii) only (c) Both (i) & (ii)
(b) (ii) & (iii) only (d) Neither (i) nor (ii)
(c) (i), (ii) & (iii) only
(d) All of the above 8. Economic growth in India is measured
by change in GDP at:
1
(a) Constant market prices Select the correct answer using the
(b) Current market prices code given below:
(c) Factor Cost at constant prices (a) (i) only
(d) Factor Cost at market prices (b) (ii) only
(c) Both (i) & (ii)
9. If India is experiencing economic (d) Neither (i) nor (ii)
growth, then which of the following
statements must hold true: 13. The National Income of a country
(India) is equal to which of the
(i) Real GDP is increasing following:
(ii) Nominal GDP is increasing
(iii) Rate of growth of real GDP is (a) Gross National Product (GNP)
increasing (b) Net National Product at Market
(iv) Rate of growth of nominal GDP is Prices
increasing (c) Net National Product at Factor Cost
(d) Income going to the household
Select the correct answer using the sector
code given below:
(a) (i) only 14. Which of the following statements are
(b) (i) & (ii) only true regarding Gross National Income:
(c) (i) & (iii) only
(d) (i) & (iv) only (i) It is the income earned by a
country's Residents
10. If a country is experiencing recession, (ii) It is the income earned by a
then which of the following shall be country's residents and non-
true: residents both
(iii) It is calculated at market price by
(a) Decrease in real GDP NSO
(b) Decrease in nominal GDP (iv) It is equal to GDP plus exports
(c) Decrease in rate of growth of GDP minus imports
(d) All of the above
11. Consider the following statements: code given below:
(a) (i) & (iii) only
(i) Real GDP has steadily increased in (b) (i) & (iv) only
the last decade (c) (ii) & (iii) only
(ii) GDP at current market prices has (d) (ii), (iii) & (iv) only
steadily increased in the last
decade 15. Consider the following statements:
(i) Net Factor Income from Abroad is
Select the correct answer using the equivalent to net of exports &
code given below: imports
(a) (i) only (ii) Net of Indirect taxes and subsidies
(b) (ii) only are included in the calculation of
(c) Both (i) & (ii) national income
(a) (i) only
(i) Real per capita GDP has steadily (b) (ii) only
increased in the last five years (c) Both (i) & (ii)
(ii) Real per capita income has steadily (d) Neither (i) nor (ii)
increased in the last five years
2
16. Welfare of the people of a country is (a) (i) & (iii) only
best represented by which of the (b) (ii) & (iv) only
following parameter: (c) (i) & (iv) only
(d) (ii) & (iii) only
(a) Per capita net national income at
constant prices 20. In domestic savings, generally which
(b) Per capita net national income at sector has the highest share?
current prices
(c) Per capita GDP at constant prices (a) Household
(d) Per capita GDP at current prices (b) Private corporate
(c) Public Sector
17. Which of the following constitutes (d) Almost equal contribution by the
investment in the economy? above sectors
(i) Production of consumption goods 21. Which of the following statements

(ii) Production of capital goods could be true for a high savings
(iii) Production of services economy?
(iv) Buying and selling of shares (i) Higher investment
(ii) Higher consumption
(iii) Higher exports
code given below:
(a) (i) & (ii) only
code given below:
(b) (ii) only
(a) (i) & (ii) only
(c) (ii) & (iv) only
(b) (i) & (iii) only
(d) All of the above (c) (ii) & (iii) only
18. Consider the following statements:
22. Which of the following statements are
(i) Imported capital equipment are true regarding GDP at constant market
part of investment in Indian prices in the last few quarters?
economy
(ii) Imported capital equipment are (i) Increasing
part of India’s GDP (ii) Growth rate increasing
(iii) Growth rate decreasing
Select the correct answer using the (iv) Stagnant
code given below:
(a) (i) only Select the correct answer using the
(b) (ii) only code given below:
(c) Both (i) & (ii) (a) (i) only
(d) Neither (i) nor (ii) (b) (i) & (ii) only
19. The decrease in dependency ratio (ratio (d) (iv) only
of dependent population to working age
population) of a country may lead to 23. Consider the following statements
which of the following situation: regarding Capital formation:
(i) Increase in savings rate (i) Gold and valuable metals are part
(ii) Decrease in savings rate of Fixed Capital Formation
(iii) Increase in Capital Formation (ii) Intellectual properties are part of
(iv) Decrease in Capital Formation Fixed capital formation
(iii) Construction of buildings and
Select the correct answer using the other structures are part of Capital
code given below: Formation
3
Select the correct answer using the 27. Capital formation in a country will
code given below: necessarily lead to which of the
(a) (i) only following:
(c) (ii) & (iii) only (i) Increase in ICOR
(d) (iii) only (ii) Decrease in ICOR
(iii) Economic growth
24. India is planning to become a $5
Trillion economy by 2024-25. Consider Select the correct answer using the
the following statements. code given below:
(i) It is in nominal terms (a) (i) & (iii) only
(ii) It is in PPP terms (b) (ii) & (iii) only
(iii) It will require compounded annual (c) (iii) only
real growth of around 8% , with 4% (d) None of the above
inflation
code given below:
(i) Investment in the economy
(a) (i) only
increases with decrease in capital
(b) (ii) only
output ratio
(ii) Economic output increases with
(d) (ii) & (iii) only
decrease in capital output ratio
25. Despite being a high saving economy,
capital formation may not result in
code given below:
significant increase in output due to:
(a) (i) only
(b) (ii) only
(a) weak administrative machinery
(c) Both (i) & (ii)
(b) illiteracy
(c) high population density (d) Neither (i) nor (ii)
(d) high capital-output ratio
regarding Incremental Capital Output (i) Decrease in investments will lead to
Ratio (ICOR): depletion of capital stock in the
economy
(i) It shows how efficiently capital is (ii) Decrease in investments will lead to
being used to produce output increase in incremental capital
(ii) It is the extra unit of capital output ratio
(iii) Decrease in investments will lead to
required to produce one additional
decrease in the production of goods
unit of output
and services
(iii) It is the extra unit of output
produced from one additional unit Select the correct answer using the
of capital code given below:
(iv) It is the ratio of change in capital to (a) (i) only
change in output (b) (ii) only
Select the correct answer using the (d) None of the above
code given below:
(a) (i) only 30. For a sustained high growth, which of
(b) (i) & (ii) only the following statements will be true:
(c) (i), (ii) & (iv) only
(d) (i), (iii) & (iv) only
4
(a) Raising the investment by keeping 34. A country is going through a phase of
the incremental capital output ratio industrialization. Which of the
minimum following statements are correct?
(b) Raising the investment and
incremental capital output ratio (a) Capital to labour ratio increases
both (b) Productivity of labour increases
(c) Increasing capital output ratio and (c) Total factor productivity increases
keeping investment at a constant (d) All of the above
rate
(d) All of the above 35. Consider the following statements
regarding ‘GDP Deflator’:
31. If a country’s growth rate is good but
there is no corresponding growth in (i) It is an index of price which is
employment, then which of the calculated as the ratio of nominal
following could be the reasons: GDP to real GDP
(ii) The weights differ according to the
(a) The growth is coming from better production level of each good in
utilization of existing capacity and GDP deflator
not because of increase in
investment Select the correct answer using the
(b) The growth is coming from increase code given below:
in investment but not because of (a) (i) only
better utilization of existing (b) (ii) only
capacity (c) Both (i) & (ii)
(c) The growth is coming from both as (d) Neither (i) nor (ii)
a result of increase in investment
and increase in capacity utilization 36. Which of the following statements are
correct about CPI rural, CPI urban and
(d) None of the above
CPI combined index?
32. If a factory is running at peak
(i) Inflation data is published by NSO
production with certain number of
(ii) The base year is 2011-12
labourers then the marginal
productivity of labour will be: (iii) It is released for all India and for
states and UTs separately on a
(a) Positive monthly basis
(b) Negative
(c) Zero Select the correct answer using the
code given below:
(d) One
(a) (i) only
(b) (ii) only
33. Economic growth in a country will
necessarily have to occur if: (c) (ii) & (iii) only
(a) There is technological progress in
the country 37. Consider the statements regarding the
(b) There is population growth in the various inflation indices published in
the country:
country
(c) There is capital formation in the
(i) Wholesale Price Index (WPI) does
country
not represent the inflation in
(d) The country's exports are
services
increasing
(ii) Consumer Price Index (CPI)
represents the inflation in goods
and services
5
(iii) CPI and WPI represent the inflation Which of the statements given above
of imported goods also is/are correct?
(iv) GDP deflator captures the inflation (a) (i) only
of the goods and services produced (b) (ii) only
domestically (c) Both (i) & (ii)
code given below: 41. Which of the following statements are
true regarding 'Terms of trade' (ToT) of
(a) (i) & (ii) only a country with another country:
(b) (i), (ii), (iii) only
(c) (ii), (iii) & (iv) only (i) It is ratio of export price index to
(d) All of the above import price index
(ii) It is a ratio of value of exports to
38. Wholesale Price Inflation (WPI) index value of imports
includes price change of which of the (iii) It is a measure of how much
following sectors: imports a country can get for a unit
of exported goods
(i) Agriculture
(iv) ToT increases with increase in price
(ii) Mining
of exported goods
(iii) Manufacturing
(iv) Electricity
code given below:
code given below: (b) (ii) & (iv)
(a) (ii) & (iii) only
(c) (i), (iii) & (iv) only
(b) (iii) only
(d) (ii), (iii) & (iv) only
42. Which of the following is a common
measure of degree of 'openness of an
39. Consider the following statements economy'?
regarding CPI and WPI:
(a) Exports and imports share in world
(i) CPI includes indirect taxes
GDP
(ii) WPI includes indirect taxes
(b) Balance of Payments as a
percentage of GDP
code given below: (c) Trade balance as a percentage of
(a) (i) only GDP
(b) (ii) only (d) Exports and imports of goods and
(c) Both (i) & (ii) services as a percentage of GDP
40. Consider the following statement with regarding India’s merchandise trade:
reference to ‘Income Elasticity of
Demand’: (i) India’s merchandise imports as a
percentage of GDP has steadily
(i) It measures the responsiveness of decreased in the last decade
demand for a particular good to (ii) India’s merchandise exports as a
changes in consumer income. percentage of GDP has steadily
(ii) Using this concept, it is possible to decreased in the last decade
tell if a particular good represents a
necessity or a luxury. Select the correct answer using the
code given below:
6
(a) (i) only
(b) (ii) only
(c) Both (i) & (ii)

regarding services trade of India:
(i) Value of export of services is equal

to merchandise exports
(ii) India services trade is steadily in
surplus in the last decade

code given below:
(a) (i) only
(b) (ii) only
(c) Both (i) & (ii)

regarding India:
(i) Exports (of goods and services) as a

percent of GDP has steadily
decreased in the last decade
(ii) Imports (of goods and services) as a
percent of GDP has steadily
increased in the last decade
(iii) Trade as a percent of GDP has
steadily decreased in the last
decade

code given below:
(a) (ii) only
(b) (i) & (ii) only
(c) All of the above
7
46. Consider the following statements interest-free balances in order to
regarding Reserve Bank of India (RBI): meet the reserve requirements
(iii) Inflation tax
(i) It was set up on the basis of
recommendations of the Hilton Select the correct answer using the
Young Commission code given below:
(ii) It was set up as a shareholder’s (a) (i) only
bank, but was nationalized in 1949 (b) (ii) only
(c) (i) & (ii) only
Select the correct answer using the (d) All of the above
code given below:
(a) (i) only 50. If a country has ‘Pegged’ (fixed but
(b) (ii) only adjustable) exchange rate, then
(c) Both (i) & (ii) consider the following statements:
(i) Inflation in the country may make
47. Consider the following statements in its exports less competitive
an economy: (ii) If the country devalues its currency
in proportion to the inflation then its
(i) Value of transactions is generally exports may remain competitive
higher than the value of output
(GDP) Select the correct answer using the
(ii) Money required for transaction in code given below:
the economy is equal to the value of (a) (i) only
transactions (b) (ii) only
(c) Both (i) & (ii)
Select the correct answer using the (d) Neither (i) nor (ii)
code given below:
(b) (ii) only true regarding India’s present
(c) Both (i) & (ii) exchange rate system:
(i) Rupee-dollar rate depends on
48. The term “Seigniorage” means: market forces of demand & supply
(ii) RBI regulates the Rupee dollar rate
(a) The income generated by the (iii) RBI intervenes in the forex market
Central Bank on account of money (iv) RBI regulates the forex market
creation
(b) The income generated by Select the correct answer using the
Government on account of money code given below:
creation (a) (i) only
(c) The backup of physical gold (b) (i) & (iii) only
required to print currency notes (c) (i), (iii) & (iv) only
(d) It is the nominal value of all the (d) (ii) & (iii)
currency notes and coins
52. RBI intervenes in the foreign exchange
49. Which of the following are part of market to:
“Seigniorage”?
(i) To contain the volatility in the
(i) Interest income on reserves kept rupee
with RBI for money creation (ii) To set a price band for Rupee in
(ii) Interest accruing from bank terms of Dollar
balances kept central bank as
8
Select the correct answer using the (a) Increase in money supply in the
code given below: economy
(a) (i) only (b) Depreciation of rupee
(b) (ii) only (c) Appreciation of rupee
(c) Both (i) & (ii) (d) Increase in GDP
57. Which of the following situation may
53. Consider the following statements lead to depreciation of a country's
regarding purchasing power parity currency with respect to another
(PPP) exchange rates: country:
(i) If two countries have zero rate of (a) Foreign Investment inflow
inflation, their PPP exchange rates (b) Rise in the interest rate
will be constant (c) Increase in exports
(ii) The prices of goods will be same in (d) None of the above
both the countries when converted
at PPP exchange rate 58. The export competitiveness of a
country with its trading partners can
Select the correct answer using the be best measured through which of the
code given below: following exchange rates:
(a) (i) only
(b) (ii) only (a) Nominal Exchange Rate
(c) Both (i) & (ii) (b) Real Exchange Rate
(d) Neither (i) nor (ii) (c) Nominal Effective Exchange Rate
(d) Real Effective Exchange Rate
54. Which of the following statements are
true in case "the currency of two 59. If 'Real Effective Exchange Rate' of a
countries are at purchasing power country appreciates then which of the
parity": following will be true:
(a) PPP exchange rate is equal to
Nominal exchange rate (a) Exports will become more
(b) PPP exchange rate is equal to Real competitive
exchange rate (b) Export competitiveness will reduce
(c) Nominal exchange rate is equal to (c) Imports will decrease
Real exchange rate (d) Will have no impact on trade
(d) PPP, Nominal and Real exchange
rates become equal 60. Consider the following statements
regarding the transactions happening
55. Which of the following statements is at the international level for trade and
correct? financial flows.
(a) An overvalued currency will boost (i) There is an international authority

exports from the country with the power to force the use of a
(b) An undervalued currency will boost particular currency
exports from the country (ii) There is a basket of currencies
(c) Overvaluation/ undervaluation of which can only be used to settle
currency does not impact exports international transactions
(d) None of the above (iii) Currencies which maintain a stable
purchasing power are generally
56. Increase in India's trade deficit may accepted
lead to which of the following: (iv) Freely convertible currencies are
generally accepted
9
Select the correct answer using the 64. Which of the following investors/
code given below: agencies can purchase government of
(a) (i) only India securities/bonds?
(b) (ii) & (iv) only
(c) (iii) & (iv) only (i) Reserve Bank of India
(d) (ii), (iii) & (iv) only (ii) Portfolio Investors
(iii) Financial Institutions
61. Which of the following statements are (iv) Individuals
true regarding the Foreign Currency Select the correct answer using the
Non-Resident (FCNR) Accounts: code given below:
(a) (i) only
(i) Resident Indians and NRI's both (b) (i) & (iii) only
can open (c) (iii) only
(ii) Only Foreign currency can be (d) All of the above
deposited
(iii) Rupee can be deposited 65. Which of the following is the largest
(iv) Can have both demand and time holder of Government securities?
deposits (a) Commercial banks
(b) Cooperative Banks
Select the correct answer using the code (c) Reserve Bank of India
given below: (d) Insurance companies
(a) (i) & (ii) only
(b) (ii) only 66. Consider the following statements
(c) (ii) & (iv) only regarding “State Development Loans”
(d) (i), (ii) & (iv) only
(i) It is a Government security
(ii) RBI manages the public debt of
62. The term "Nostro Account" was
states
recently in the news is related to:
(iii) It can be used under SLR by banks
(i) It is an account that one bank
holds in another bank
code given below:
(ii) It is used to facilitate international (a) (ii) only
transactions (b) (i) & (ii) only
code given below:
(b) (ii) only true regarding “Cash Management
(c) Both (i) & (ii) Bills”?
(i) Issued by Central Government and
63. The term "SWIFT" is sometimes seen in not by state governments
the news, is related to: (ii) It is used to fund fiscal deficit
(iii) It can be used for temporary
(a) It is used in space technology mismatches in the cash flow of the
(b) It is used to securely transmit government
information and instructions by
financial institutions Select the correct answer using the
(c) It is used for messaging in secret code given below:
defence communication (a) (i) & (ii)
(b) (ii) & (iii)
(d) It is used for faster transmission of
(c) (iii) only
data
(d) (i) & (iii) only
10
68. Which of the following statements will Select the correct answer using the
be true if the inflation in the economy code given below:
is increasing? (a) (i) only
(i) Bond price will decrease (c) (iii) & (iv) only
(ii) Bondholders will loose (d) (ii), (iii) & (iv) only
(iii) The yield on bonds will increase
Select the correct answer using the (i) Currency notes are legal tenders
code given below: (ii) Currency notes are unlimited legal
(a) (i) only
tenders
(b) (i), & (ii) only
(iii) Currency notes are guaranteed by
(c) (iii) only
the Central Government
(iv) Currency notes are guaranteed by
69. The price of government securities is the RBI
influenced by which of the following?
Select the correct answer using the code
(i) Interest rate in the economy given below:
(ii) Liquidity in the market (a) (i) & (iii) only
(iii) Developments in forex, money and (b) (i) & (iv) only
capital markets (c) (i), (ii) & (iii) only
(d) (ii) & (iv) only
code given below: 73. Who has the authority to issue
(a) (i) only currency notes in India?
(b) (ii) only
(c) (i) & (ii) only (a) Central Government
(d) All of the above (b) Ministry of Finance
(c) RBI
70. Which one of the following statements (d) RBI governor
correctly describes the meaning of legal
tender money? 74. Consider the following statements
regarding currency circulation in India:
(a) The money which is tendered in
courts of law to defray the fee of (i) Govt. of India has the sole right to
legal cases mint coins
(b) The money which a creditor is
(ii) The coins are issued for circulation
under compulsion to accept in
settlement of his claims only through RBI in terms of the
(c) The bank money in the form of RBI Act 1934
cheques, drafts, bills of exchange, (iii) Coins can be issued up to the
etc. denomination of Rs. 1000 as per
(d) The metallic money in circulation the Coinage Act 1906
in a country
(a) (i) only
(i) Currencies and coins are fiat (b) (i) & (ii) only
money (c) (iii) only
(ii) Currencies do not have intrinsic (d) All of the above
value but coins have
(iii) Currencies and coins are legal 75. If new currency is being issued, then
tenders who has the authority to decide its
(iv) Cheques are legal tenders "Denomination":
11
(a) RBI Governor (a) (i) only
(b) RBI Central Board of Directors (b) (ii) only
(c) Central Government (c) Both (i) & (ii)
(d) Monetary Policy Committee (d) Neither (i) nor (ii)
76. Who is the final authority in approving 80. Consider the following statements
the design, form and material of bank regarding ‘Agency Banks’ of RBI:
notes:
(i) RBI Act 1934 allows it to appoint
(a) Governor of RBI agency banks
(b) Central Board of RBI (ii) Public sector and private sector
(c) Central Government banks both can act as agency
(d) Governor of RBI in consultation banks
with Central Government
77. Prime Minister, on 8th of Nov 2016, code given below:
declared that the existing Rs. 500 and (a) (i) only
Rs. 1000 notes will not be legal tender. (b) (ii) only
This was done under which of the (c) Both (i) & (ii)
following Act. (d) Neither (i) nor (ii)
(a) RBI Act 1934 81. Which of the following functions are
(b) Banking regulation Act 1949 part of the Reserve Bank of India (RBI)
(c) Payment and Settlement Systems acting as Banker to Banks?
Act 2007
(d) Does not require any statutory (i) Enabling banks to maintain their
backing accounts with RBI for statutory
reserve requirements
78. Which agency has the authority to (ii) Enabling settlement of interbank
declare that certain bank notes cease transfer of funds
to be legal tender: (iii) RBI provides short term loans and
advances to banks
(a) RBI governor (iv) Acting as lender of last resort
(b) RBI Central Board
(c) Central Government Select the correct answer using the
(d) Central Government on the code given below:
recommendation of RBI Central (a) (i) only
Board (b) (i) & (ii) only
79. Which of the following statements are (d) All of the above
true regarding RBI?
82. RBI acts as a 'lender of last resort' to
(i) As per the RBI Act 1934, RBI is ensure the following in the economy:
bound to undertake the receipt and
payments and other banking (i) To prevent possible failure of the
operations of the central banks
government (ii) To protect the interest of the
(ii) As per the RBI Act 1934, RBI is depositors of the banks
obliged to act as banker to State (iii) To ensure financial stability in the
governments economy
Select the correct answer using the Select the correct answer using the
code given below: code given below:
12
(b) (i) & (ii) only code given below:
(c) (i) & (iii) only (a) (i) & (ii) only
(d) All of the above (b) (ii) & (iii) only
83. Which of the following are (d) All of the above
characteristic situation for ‘Bank Run’?
(i) Customers withdraw their deposits regarding ‘ways and means’ advance:
fearing that banks will run out of
reserves (i) It is available for both Central and
(ii) Banks are in risk of default State governments
(iii) The bank has been declared (ii) Government need to pay interest on
bankrupt ways and means advance
(iii) It is to meet the temporary
Select the correct answer using the mismatches of receipts and
payments
code given below:
(a) (i) & (ii) only
code given below:
(c) (iii) only
(a) (i) only
(c) (ii) & (iii) only
(i) RBI can act as lender of last resort
for banks and NBFCs both
regarding RBI:
(ii) All NBFCs are registered with and
regulated by RBI
(i) RBI regulates interest rates on
savings & Time deposits in
commercial banks
code given below:
(ii) RBI regulates "Money Market"
(a) (i) only
(b) (ii) only
(c) Both (i) & (ii)
code given below:
(a) (i) only
(b) (ii) only
85. Which of the following functions are
(c) Both (i) & (ii)
part of the Reserve Bank of India (RBI)
acting as Banker to Central
Government?
regarding “Commercial Papers”:
(i) RBI maintains the account for the
(i) It is an unsecured debt instrument
various central government funds
(ii) It is a short-term money market
like Consolidated Fund of India,
instrument
Contingency Fund and Public
(iii) NBFCs issue commercial papers
Account of India
(ii) RBI acts as advisor to the Select the correct answer using the
government on monetary and code given below:
banking related matters (a) (i) only
(iii) RBI provides Ways and Means (b) (ii) & (iii) only
Advances to the government (c) (ii) only
(iv) RBI floats loans and manages them (d) All of the above
on behalf of the government
13
89. Which of the following are (i) It will be responsible for
instrument/s of money market? appointment of heads in PSBs and
Financial Institutions
(i) Cash management bills (ii) It will help PSBs in developing
(ii) Treasury bills strategies and capital raising plans
(iii) Certificate of Deposits (iii) It will improve the governance of
(iv) State Development Loans the Public Sector Banks (PSBs)
(a) (i) & (ii) only (a) (i) only
(b) (ii) & (iii) only (b) (i) & (iii) only
(c) (i) & (iv) only (c) (ii) & (iii) only
(d) (i), (ii) & (iii) only (d) All of the above
90. Mergers and Acquisitions of 93. Consider the following statements

commercial banks may require regarding the insurance cover provided
approval of which of the following to depositors by Deposit Insurance and
agency/ies? Credit Guarantee Corporation (DICGC)
(i) Reserve Bank of India (RBI) (i) All commercial banks and urban
(ii) Competition Commission of India cooperative banks have to register
(CCI) with DICGC for providing
insurance to depositors
Select the correct answer using the (ii) RBI incurs the insurance premium
code given below: burden
(a) (i) only (iii) Government incurs the insurance
(b) (ii) only premium burden
(c) Both (i) & (ii)
(d) Neither (i) nor (ii) Select the correct answer using the
code given below:
91. The Government is planning merger of (a) (i) only
public sector banks. It will benefit in (b) (i) & (ii) only
which of the following ways: (c) (iii) only
(i) Reducing cost and achieving
efficiency
regarding payment banks:
(ii) Achieving economies of scale
(iii) Leading to consolidation
(i) They can open demand and time
(iv) The merged entity will have less
deposit accounts both
NPA as compared to the individuals
(ii) They are set up as differentiated
banks
(iii) They may act as Business
code given below:
Correspondents for other banks
(a) (i) & (ii) only
(iv) They will provide payments /
(b) (i), (ii) & (iii) only
remittance services to migrant
(c) (ii), (iii) & (iv)
labour workforce and small
businesses
regarding the "Banks Board Bureau Select the correct answer using the
(BBB)" constituted in 2016: code given below:
(a) (i) & (iv) only
14
(b) (i) & (ii) only (i) They are under dual regulation of
(c) (ii), (iii) & (iv) only central/state govt. and RBI
(d) All of the above (ii) They are supervised by NABARD
95. Consider the following statements Select the correct answer using the
regarding recently launched “India code given below:
Post Payment Bank”: (a) (i) only
(b) (ii) only
(i) It allows demand and fixed deposit (c) Both (i) & (ii)
both (d) Neither (i) nor (ii)
(ii) It allows savings and current
account both 99. Which of the following statements are
(iii) It is a public sector company correct regarding "Regional Rural
Banks (RRBs)":
code given below: (i) They are regulated by RBI
(a) (i) only (ii) They are supervised by NABARD
(b) (i) & (iii)
(c) (ii) & (iii) only Select the correct answer using the
(d) None of the above code given below:
(a) only (i)
96. What is the purpose of setting up of (b) only (ii)
Small Finance Banks (SFBs) in India? (c) Both (i) & (ii)
(i) To supply credit to small business
units 100. NABARD provides refinance to
(ii) To supply credit to small and which of the following types of financial
marginal farmers institutions:
(iii) To encourage young entrepreneurs
to set up business particularly in (i) Commercial Banks
rural areas. (ii) Regional Rural Banks
(iii) State Cooperative Banks & Land
Select the correct answer using the Development Banks
code given below: (iv) Non-Banking Financial Companies
(a) (i) & (ii) only
(b) (ii) & (iii) only Select the correct answer using the
(c) (i) & (iii) only code given below:
(d) (i), (ii) & (iii) (a) (ii) only
(b) (ii) & (iii) only
97. A new organizational structure ‘Board (c) (i), (ii) & (iii) only
of Management’ was proposed for the (d) All of the above
Urban Cooperative Banks by which
committee? 101. Consider the following statements
(a) Malegam Committee regarding MUDRA Bank:
(b) Nachiket Mor Committee
(c) Raghuram Rajan Committee (i) It will provide direct lending to
(d) Narasimhan Committee small entrepreneurs
(ii) MUDRA loans will be available for
98. Which of the following statements are agriculture, manufacturing,
correct regarding "Primary Cooperative trading and service activities
Banks":
code given below:
15
(a) (i) only (b) (ii) only
(b) (ii) only (c) (i) & (iii) only
(c) Both (i) & (ii) (d) All of the above
102. Consider the following statements regarding "Account Aggregators":
regarding National Housing Bank
(NHB): (i) These are new class of Non-
Banking Financial Companies
(i) NHB regulates Housing finance (ii) They will provide lending to small
companies customers
(ii) NHB is regulated by Govt. of India (iii) They will provide information to
(iii) NHB provides direct finance for their customers of their financial
individual housing loans assets invested in different
(iv) NHB provides refinance for instruments
individual housing loans
Select the correct answer using the code code given below:
given below: (a) (i) only
(a) (i) & (iv) only (b) (i) & (ii) only
(b) (i) & (iv) only (c) (i) & (iii) only
(c) (ii) & (iii) only (d) (iv) only
(d) (iv) only
106. NBFCs raise their resources from
103. Which of the following statements which of the following:
are true regarding Housing Finance
Companies (HFC)? (i) Loans from Banks
(ii) By issuance of bonds in the
(i) HFCs are under direct regulation of financial markets
RBI (iii) Through External Commercial
(ii) HFCs are a category of Non- Borrowing (ECB)
Banking Financial Companies (iv) Mutual Funds
(NBFCs)
Select the correct answer using the code given below:
code given below: (a) (i) only
(a) (i) only (b) (i) & (ii) only
(b) (ii) only
(c) Both (i) & (ii)
104. Consider the following statements 107. Which of the following were the
regarding "Peer to Peer Lending reasons for the recent NBFC crisis in
the economy?
Platforms" in India:
(i) Relying on short term financing to

(i) They are regulated by RBI as Non-
fund long-term investments
Banking Financial Companies
(ii) Asset liability mismatch (ALM)
(ii) They can lend on their own
(iii) Rollover risk of commercial papers
(iii) They provide credit guarantee
(a) (i) only (b) (i), (ii) only
16
(c) (ii), (iii) only (a) (i) only
(d) All of the above (b) (i) & (ii) only
(c) (iii) only
108. Consider the following statements (d) All of the above
regarding "Real Estate Investment
Trusts (REITs): 111. Consider the following statements
regarding "Sovereign Wealth Funds
(i) They are regulated by respective (SWFs)":
Real Estate Regulatory Authorities
(RERA) of every State (i) SWFs are State owned investment
(ii) It will make real estate sector funds
accessible to small investors (ii) SWFs are established through
fiscal and trade surpluses
Select the correct answer using the (iii) They are used to stabilize budget
code given below and economy of the country from
(a) (i) only excess volatility in revenues
(b) (ii) only
(iv) SWFs typically invests in
(c) Both (i) & (ii) government owned projects/assets
109. Which of the following statements code given below:
are true regarding "Angel Investors": (a) (i) & (iv) only
(i) Angel investors generally invest
(c) (ii), (iii) & (iv) only
their own money
(d) (i), (ii) & (iii) only
(ii) They invest in small start-ups and
entrepreneurs 112. Which of the following statements
(iii) They provide more favourable are true regarding the term "Crowd
terms and conditions as compared funding"?
to other lenders
(iv) Angel investment is regulated by (i) It is a method of financing through
SEBI the internet/social media
(ii) Small amounts of money are raised
Select the correct answer using the from large number of investors
code given below: (iii) It has the potential to increase
(a) (i) & (ii) only entrepreneurship
(b) (iii) only (iv) It is also referred as marketplace
(c) (ii) & (iii) only financing
110. Consider the following statements code given below:
regarding ‘Alternative Investment (a) (i) & (ii) only
Fund’ (AIF): (b) (i), (ii) & (iii) only
(i) Its privately pooled investment
vehicle established in India and
regulated by SEBI
(ii) It collects fund from sophisticated
regarding "Exchange Traded Funds
investors from India or Foreign
(ETF)":
(iii) Venture capital comes under AIF
(i) ETFs are traded like stocks and can
be bought and sold throughout the
code given below:
day
17
(ii) ETFs can be used as a vehicle for (b) As fixed by the Central Government
disinvestment while appointing, not exceeding
(iii) ETFs offers the benefit of three years and eligible for re-
diversification of risks appointment
(c) As fixed by the Central Government
Select the correct answer using the while appointing, not exceeding five
code given below: years and not eligible for re-
(a) (i) only appointment
(b) (i) & (ii) only (d) As fixed by the Central Government
(c) (ii) & (iii) only while appointing, not exceeding
(d) All of the above three years and not eligible for re-
appointment
114. The term "Bharat 22" recently seen
in the news is related to which of the 117. Consider the following statements:
following:
(a) RBI is fully autonomous institution
(a) A programme launched by (b) Central Government can give
Government to give incentives to directions to RBI if it considers
defence equipment manufacturing necessary
in India (c) Central government cannot
(b) It is an Exchange Traded Fund supersede the Central Board of
(ETF) launched by Government of Directors of RBI
India (d) All of the above
(c) A missile programme launched by
ISRO 118. Consider the following statements:
(d) A programme to make India "open
defecation free" by 2022 (i) Banks require prior approval of RBI
for appointment of directors
115. Which of the following statements (ii) Management of Public Sector
are true regarding the “Bharat Bond banks is under dual regulation of
ETF”: Central Govt. & RBI
(i) It will provide liquidity to investors

(ii) It will deepen the corporate bond
code given below:
market
(a) (i) only
(iii) Individuals will not be allowed to
(b) (ii) only
purchase these instruments
(c) Both (i) & (ii)
(iv) It will be traded on stock exchange
code given below: 119. Consider the following statements:
(a) (i) & (ii) only
(b) (ii) & (iv) only (i) RBI is a wholly owned subsidiary of
(c) (i) & (iii) only Govt. of India
(d) (i), (ii) & (iv) only (ii) RBI’s surplus transfer to the
central government has steadily
116. Consider the following statements decreased in the last 5 years
regarding the term of appointment of
RBI Governor: Select the correct answer using the
code given below:
(a) As fixed by the Central Government (a) (i) only
while appointing, not exceeding five (b) (ii) only
years and eligible for re- (c) Both (i) & (ii)
appointment (d) Neither (i) nor (ii)
18
120. In the year 2018-19, RBI 123. Which of the following are revenue
transferred a much higher amount (Rs. source of RBI?
1.76 lakh cr) to the government of (a) Management of Forex reserves
India. Which of the following are the (b) Open market operations
sources of this higher fund? (c) Repo operations
(i) Transfer from Contingency Fund
(ii) Transfer from Asset Development 124. Consider the following statements
Fund of RBI regarding liquidity crisis in the debt
(iii) Income as a result of higher open markets:
market operations
(i) It may be caused due to defaults in
Select the correct answer using the the debt market
code given below: (ii) It may be caused due to FPIs
(a) (i) only running out of Indian markets
(b) (i) & (iii) only (iii) It may result in hardening of
(c) (ii) & (iii) only interest rates
(iv) RBI may do OMO to resolve the
liquidity crisis
(i) National Centre for Financial
code given below:
Education is an institution
(a) (i) & (ii) only
promoted by Ministry of Finance,
Govt. of India
(ii) Indian Financial Technology and (c) (ii), (iii) & (iv) only
Allied Services is a subsidiary of (d) All of the above
RBI
Select the correct answer using the regarding Monetary Base in India:
code given below:
(a) (i) only (i) It is the total liability of RBI
(b) (ii) only (ii) It is the total liability of
(c) Both (i) & (ii) Government of India
122. RBI giving its surplus reserves to code given below:
government may result in which of the (a) (i) only
following: (b) (ii) only
(c) Both (i) & (ii)
(i) Increasing inflation in the economy (d) Neither (i) nor (ii)
(ii) Decreasing inflation in the
economy 126. Which of the following could be the
(iii) No impact on inflation after effects of demonetization?
(iv) Meeting the fiscal deficit target of
the government (i) RBI's liability would reduce to the
extent the old notes does not come
Select the correct answer using the to the banking system
code given below:
(ii) Transfer of wealth from holders of
(a) (i) only
illicit black money to the public
(b) (ii) only
sector
(c) (i) & (iv) only
(d) (iii) & (iv) only (iii) Shift of resources from the private
sector to the government
19
(iv) Indirect and corporate taxes would (b) (ii) only
decline to the extent growth slows (c) Both (i) & (ii)
code given below: 130. Consider the following statements
(a) (i) & (iii) only regarding Money Multiplier:
(c) (ii), (iii) & (iv) only (i) It increases with increase in reserve
(d) All of the above requirements of banks
(ii) It decreases with increase in
127. Which of the following are part of reserve requirements of banks
Monetary Base of an economy? (iii) It increases with Monetary Base
(iv) It decreases with Monetary Base
(i) Currency notes and coins with the
public Select the correct answer using the
(ii) Vault cash of commercial banks code given below:
(iii) Deposits of commercial banks with (a) (i) only
RBI (b) (ii) only
(iv) Deposits of Government of India (c) (ii) & (iii) only
with RBI (d) (ii) & (iv) only
Select the correct answer using the 131. Consider the following statements
code given below: regarding ‘money supply’:
(a) (i) only
(b) (i) & (ii) only (i) It can be increased by increasing
(c) (iii) & (iv) only the money multiplier
(ii) It can be increased by increasing
the monetary base
128. Reserve money of the commercial
banks includes which of the following:
code given below:
(a) (i) only
(i) All deposits of Public
(b) (ii) only
(ii) Government securities held by
(c) Both (i) & (ii)
banks (d) Neither (i) nor (ii)
(iii) Cash held by banks in their vaults
(iv) Money deposited with RBI 132. Consider the following statements
regarding “Open Market Operations”
Select the correct answer using the (buying and selling of govt. bonds by
code given below: RBI)
(a) (ii) & (iii) only
(b) (ii), (iii) & (iv) only (i) It changes the monetary base
(c) (iv) only (ii) It changes the money supply
(d) All of the above (iii) It changes the money multiplier
129. Money can be created in the Select the correct answer using the
economy in which of the following code given below:
ways? (a) (i) & (ii) only
(i) Full reserve banking (b) (ii) only
(ii) Fractional reserve banking (c) (i) & (iii) only
code given below: 133. Which of the following is not part of
(a) (i) only the money supply in the economy?
20
(i) Money lying with the government
(ii) Deposits of commercial banks with Select the correct answer using the
other commercial banks code given below:
(iii) Money lying with the Central bank (a) (i) only
(iv) Deposits of pubic with commercial (b) (i) & (iii) only
banks (c) (iii) only
code given below: 137. Consider the following statement
(a) (i) only regarding ‘Market Stabilization Bonds’
(b) (ii) & (iv) only (MSBs):
(c) (i) & (ii) only
(d) (i), (ii) & (iii) only (i) These are Treasury bills and Dated
securities
134. Which of the following are part of (ii) RBI is empowered to issue MSBs
money supply? (iii) The interest payment on these
bonds is made by government from
(i) Cash and deposits of public its budgetary resources
(ii) Bonds held by public
(iii) Shares held by public Select the correct answer using the
code given below:
(a) (i) only
code given below:
(b) (i) & (ii) only (c) (ii) & (iii) only
(c) (ii) & (iii) only (d) All of the above
135. Consider the following statements regarding Cash Reserve Ratio (CRR):
regarding Open Market Operations:
(i) It helps in securing monetary
stability and managing liquidity in
(i) It is conducted by Commercial
the economy
Banks
(ii) There is no limit on CRR without
(ii) It is conducted by RBI
any floor or ceiling rate
(iii) It is about debt securities
(iv) It is about equity securities Select the correct answer using the
code given below:
(c) Both (i) & (ii)
(a) (i) & (iii) only (d) Neither (i) nor (ii)
(c) (ii), (iii) & (iv) only 139. Consider the following statements
(d) All of the above regarding Cash Reserve Ratio (CRR)
kept with RBI by commercial banks:
(i) It ensures safety to the people’s
(i) Open Market Operation is a deposits in banks
monetary policy tool (ii) It ensures solvency of banks
(ii) Open Market Operations take place (iii) It increases the cost of funds for the
in secondary market banks
(iii) Sterilization is a monetary policy (iv) Banks earn interest on CRR
tool
21
Select the correct answer using the (iv) If RBI fails to achieve the target, it
code given below: needs to submit report to the Govt.
(a) (i) only of India stating reasons of failure
(b) (i) & (ii) only
(c) (i), (ii) & (iii) only Select the correct answer using the
(a) (i) & (ii) only
140. In the context of Indian economy, (b) (iii) only
which of the following is/are the (c) (i), (ii) & (iv) only
purpose/purposes of “Statutory (d) All of the above
Reserve Requirements”?
143. As per the new Monetary Policy
(i) To enable the Central Bank to Framework, who will determine the
control the amount of advances the inflation target?
banks can create
(ii) To make the people’s deposits with (a) Government of India (GoI)
banks safe and liquid (b) Reserve Bank of India (RBI)
(iii) To prevent the commercial banks (c) Govt. of India in consultation with
from making excessive profits RBI
(iv) To force the banks to have (d) Monetary Policy Committee
sufficient vault cash to meet their
day-to-day requirements 144. Which of the following statements
are true regarding the Monetary Policy
Select the correct answer using the Committee (MPC)?
code given below.
(a) (i) only (i) It has the authority to decide repo
(b) (i) & (ii) only rate, CRR, SLR
(c) (ii) & (iii) only (ii) Its decision is binding on RBI
(d) (i), (ii), (iii) & (iv) only
141. The Scheduled Commercial Banks code given below:
(SCB) are required to maintain CRR (a) (i) only
with RBI as per which act: (b) (ii) only
(c) Both (i) & (ii)
(a) Reserve Bank of India Act 1934 (d) Neither (i) nor (ii)
(b) The Banking Regulation Act 1949
(c) Securities Contract (Regulation) 145. Which of the following statements
1956 are true regarding ‘Marginal Standing
(d) None of the above Facility’ (MSF)?
(i) Scheduled commercial banks
142. Consider the following statements borrow additional amount for
overnight only
regarding the 'Monetary Policy
(ii) The banks can dip into their SLR
Framework' that exists between Govt.
portfolio to borrow from RBI
of India and Reserve Bank of India:
(iii) It provides a safety valve against
(i) The primary objective of Monetary unanticipated liquidity shocks
Policy is price stability
(ii) There is a flexible target for
code given below:
inflation that RBI needs to achieve
(a) (i) & (ii) only
(iii) Monetary Policy Framework is
operated by RBI (c) (iii) only
22
146. The "Consumer Confidence Survey" (d) All of the above
in India is conducted by which of the
following: 150. If the US Central Bank raises their
interest rate then it may lead to which
(a) Reserve Bank of India of the following in the Indian economy:
(b) National Statistical Office (NSO)
(c) Department of Consumer Affairs (a) Rupee depreciation
(d) Ministry of Labour & Employment (b) Rupee appreciation
(c) Investors moving to India
147. Which of the following agencies (d) Increase in money supply
conducts ‘inflation expectation survey’
of households in India? 151. Which of the following RBI may do
to curb the rupee depreciation:
(a) Ministry of Statistics and (i) Allowing importers to directly buy
Programme Implementation foreign currency from RBI
(b) National Statistical Office (ii) Increasing the repo rate
(c) Reserve Bank of India (iii) Selling dollars in foreign exchange
(d) Ministry of Finance market
(iv) Buying dollars in foreign exchange
148. RBI is keeping the policy rate at a market
higher level for quite some time. Which
of the following conditions may have Select the correct answer using the
led to such behaviour? code given below:
(i) Inflation in the economy is high (b) (ii) & (iii) only
(ii) Inflation expectation in the (c) (i), (ii) & (iii) only
economy is high (d) (i), (ii) & (iv) only
Select the correct answer using the 152. Consider the following statement
code given below: regarding the term “Operation Twist”:
(a) (i) only
(b) (ii) only (i) It is a kind of open market
(c) Both (i) & (ii) operation
(d) Neither (i) nor (ii) (ii) RBI pumps additional money into
the system to increase liquidity
149. RBI changed its monetary policy (iii) It helps in monetary transmission
stance from accommodative to neutral.
Which of the following could be the Select the correct answer using the
probable reasons? code given below:
(a) (i) & (ii) only

(i) Inflation is edging up in the (b) (ii) & (iii) only
economy (c) (i) & (iii) only
(ii) Demand is firming up in the (d) All of the above
economy
(iii) A decline in Consumer confidence 153. Which of following statements are
(iv) RBI will have flexibility to move the true regarding “Term Repo
policy rate in any direction Operations”?
(i) The interest rate is between reverse
Select the correct answer using the repo and repo rate
code given below: (ii) The interest rate is above the repo
(a) (i) & (ii) only rate
(b) (ii) & (iv) only (iii) The interest rate is generally fixed
(c) (i), (ii) & (iv) only (iv) The interest rate is generally
variable
23
(a) (i) & (iii) only (a) (i) & (ii) only
(b) (i) & (iv) only (b) (i) & (iii) only
(c) (ii) & (iii) only (c) (iii) only
(d) (ii) & (iv) only (d) All of the above
154. Which of the following statements 157. Consider the following statements
are true regarding the “Long Term Repo regarding the interest rates linked with
Operation” (LTRO) Conducted by RBI an external benchmark rate:
as per the 6th February 2020 monetary
policy review meeting? (i) External benchmark rate can be
repo rate or yield on government
(i) It was a fixed term repo operation securities or any rate published by
(ii) It was done at above the repo rate Financial Benchmarks India Pvt.
(iii) RBI did not conduct auction to Ltd.
select the bank for this operation (ii) Once repo rate changes the lending
rate of banks will automatically
Select the correct answer using the change
code given below: (iii) Banks are mandated by RBI to link
(a) (i) only the deposit and lending rate with
(b) (i) & (iii) only external benchmark rate
(d) None of the above Select the correct answer using the
code given below:
155. Consider the following statements (a) (i) only
regarding the “Monetary Policy” (b) (i) & (ii) only
followed by RBI: (c) (ii) only
(i) It follows flexible inflation target
(ii) While inflation is in control, RBI 158. Consider the following statements
can focus on growth regarding the “spread” charged over the
(iii) Financial Stability is the explicit external benchmark rate by the banks:
mandate of monetary policy
(iv) Achieving monetary policy objective (i) The spread will be decided by the
will ensure financial stability banks
(ii) The spread will change with the
Select the correct answer using the change of external benchmark rate
code given below: (iii) The spread may be different for
(a) (i) only different category of loans
(b) (i) & (ii) only
(c) (ii) & (iv) Select the correct answer using the
(d) (ii), (iii) & (iv) code given below:
(a) (i) & (ii) only
156. Which of the following statements (b) (ii) & (iii) only
are true regarding the Marginal Cost of (c) (i) & (iii) only
Funds based Lending Rate (MCLR): (d) All of the above
(i) Banks will do lending at or above 159. Consider the following statements
MCLR regarding Non-Banking Finance
(ii) MCLR may increase because of Companies (NBFCs):
increase in CRR/SLR
(iii) MCLR helps in better transmission (i) RBI mandates NBFCs to link their
of policy rate into lending rate lending rates with an anchor rate
24
(ii) MCLR is an anchor rate which acts Select the correct answer using the
as external benchmark rate code given below:
(a) (ii) only
Select the correct answer using the (b) (i) & (ii) only
code given below: (c) (i), (iii) & (iv) only
(a) (i) only (d) All of the above
(b) (ii) only
(c) Both (i) & (ii) 163. Which of the following may have
(d) Neither (i) nor (ii) inflationary impact in the economy?
160. "Government offers above market (i) Forex swap

interest rate on the small savings (ii) Increase in inflow of foreign capital
schemes like PPF etc.". It leads to: (iii) General elections
(i) Hindrance in monetary policy Select the correct answer using the
transmission code given below:
(ii) Supports monetary policy (a) (i) only
transmission (b) (ii) only
(iii) Mostly benefits the rich people (c) (ii) & (iii) only
(iv) Mostly benefits the poor people (d) All of the above
Select the correct answer using the 164. Which of the following tools RBI
code given below: uses for monetary policy?
(i) Forex Swap
(b) (i) & (iv) only
(ii) Liquidity Adjustment Facility (LAF)
(iii) Market Stabilization Scheme
(d) (ii) & (iv) only
(iv) Sterilization
161. Which of the following could create Select the correct answer using the
a hindrance in achieving the objective code given below:
of inflation targeting by RBI? (a) (i), (ii) & (iii) only
(b) (i), (iii) & (iv) only
(i) Government deviating from the (c) (iii) & (iv) only
fiscal road map (d) All of the above
(ii) Impediments in monetary policy
transmission 165. The Real Rate of Interest is equal to
(iii) Supply side bottlenecks the Nominal Interest Rate minus
inflation. Consider the following
Select the correct answer using the statements:
code given below:
(a) (i) only (i) Real Interest Rate must be positive
(b) (i) & (ii) only
to encourage savings and reduce
(c) (ii) & (iii)
consumption
(ii) Real Interest Rate must be negative
162. Which of the following operations to encourage savings and reduce
by RBI will help in ‘monetary consumption
transmission’? (iii) Real interest rate is always positive
(i) Forex Swap (iv) Inflation rate in the market may be
(ii) Sale of Government bonds by RBI negative
(iii) Operation Twist
(iv) Long Term Repo Operation (LTRO) Select the correct answer using the
code given below:
(a) (i) only
25
(b) (iii) only
(c) (i) & (iii) only 169. Consider the following statements:
(d) (i) & (iv) only (i) Inflation benefits creditors
(ii) Inflation benefits debtors
166. Which of the following factors may (iii) Inflation benefits bondholders
lead to increase in savings in the (iv) Inflation benefits depositors
economy?
(i) Positive real interest rate code given below:
(ii) Low inflation rate (a) (i) & (iii) only
(iii) Rise in per capita income (b) (ii) only
(iv) Growth of financial intermediaries (c) (iii) only
Select the correct answer using the (d) (i), (iii) & (iv) only
code given below:
(a) (iii) only 170. Consider the following two
(b) (iii) & (iv) only statements:
(d) All of the above (i) Headline inflation measures price
inflation arising due to all types of
167. Inflation in the economy generally commodities in the economy
leads to which of the following: (ii) Core inflation measures the
headline inflation excluding volatile
(i) Depreciation of currency components i.e. food and fuel items
(ii) Appreciation of currency
(iii) Increase in real interest rate Select the correct answer using the
(iv) Increase in nominal interest rate code given below:
(a) (i) only
Select the correct answer using the (b) (ii) only
code given below: (c) Both (i) & (ii)
(a) (i) & (iii) only (d) Neither (i) nor (ii)
(c) (i) & (iv) only 171. The rise in prices of goods and
(d) (i), (iii) & (iv) only services in an economy may be caused
due to:
168. If an economy is in “Liquidity Trap”,
then which of the following statements (i) Increase in money supply
shall be true: (ii) Increase in government
expenditure
(i) The interest rate in the market will
(iii) RBI purchasing government
be very low/zero
securities from the public
(ii) People and businesses both will
(iv) Increase in wages
hold on to their cash and don’t
spend
(iii) People will be willing to spend code given below:
(iv) Demand Deposits of banks (a) (i) & (ii) only
increases (b) (i), (ii) & (iii) only
(c) (i), (ii), & (iv) only
code given below:
(a) (i) only 172. If a country is experiencing
(b) (ii) & (iv) only inflation then what will decrease:
(d) (i) & (iv) only (a) Wage level
26
(b) The output of goods and services (a) Rate of Interest
(c) The amount of money needed to (b) Price level
purchase a given quantity of goods (c) Output
and services (d) All of the above
(d) Purchasing Power
178. Which of the following scenarios
173. Which of the following may lead to can support sustainable economic
an increase in the overall prices? growth?
(i) Increase in effective demand (i) Deflation

(ii) Decrease in the aggregate level of (ii) Low and moderate inflation
output (iii) Galloping inflation
(iii) Increase in aggregate output (iv) Hyperinflation
(iv) An increase in overall employment
code given below: (a) (ii) only
(a) (i) & (iv) only (b) (i) & (ii) only
(b) (ii) & (iv) only (c) (ii) & (iii) only
(c) (i), (ii) & (iv) only (d) All of the above
179. Which of the following are the
174. Which of the following will reasons that make a moderate level of
necessarily lead to inflation? inflation good for the economy?
(a) Increase in aggregate demand (i) It increases consumption levels

(b) Increase in effective demand (ii) It keeps businesses profitable
(c) Decrease in Output (iii) It induces people to save more
(d) Increase in current account deficit
175. To reduce the rate of inflation, the code given below:
Government should: (a) (ii) only
(b) (i) & (ii) only
(a) Increase public expenditure (c) (iii) only
(b) Encourage consumer expenditure (d) All of the above
(c) Increase Income tax
(d) Reduce Interest Rate 180. Consider the following statements
regarding an economy facing deflation:
176. If the supply of money is increased
in the economy, then which of the (i) Companies defer their investments
following statements are true: (ii) People defer their expenditures
(iii) Demand decreases
(a) It may lead to increase in interest (iv) Unemployment increases
rates
(b) It may lead to decrease in interest Select the correct answer using the
rates code given below:
(c) It will necessarily lead to economic (a) (i) & (ii) only
growth (b) (iii) only
(d) None of the above (c) (iii) & (iv) only
177. The amount of Money Supply in the
economy affects the following 181. 'Stagflation' occurs in which of the
macroeconomic variables: following situation:
27
(i) Demand pull inflation (i) Higher employment leads to higher
(ii) Cost push inflation inflation
(ii) Higher inflation leads to higher
Select the correct answer using the employment
code given below:
(b) (ii) only code given below:
(c) Both (i) & (ii) (a) (i) only
(d) Neither (i) nor (ii) (b) (ii) only
(c) Both (i) & (ii)
182. Which of the following are supply (d) Neither (i) nor (ii)
side factor/s responsible for inflation?
(i) Increase in exports (i) Disinflation is declining rate of
(ii) Increase in government inflation but the rate of inflation
expenditure remains positive
(iii) Increase in credit creation (ii) Deflation is general decrease in
price level and the inflation rate is
Select the correct answer using the negative
code given below:
(b) (ii) & (iii) only code given below:
(c) (i) & (iii) only (a) (i) only
(d) (iii) only (b) (ii) only
(c) Both (i) & (ii)
183. If the interest rate is decreased in (d) Neither (i) nor (ii)
an economy, it will
(a) Decrease the consumption regarding an economy facing
expenditure in the economy disinflation:
(b) Increase the tax collection of the
Government (i) Companies defer their investments
(c) Increase the investment (ii) People defer their expenditures
expenditure in the economy (iii) Demand decreases
(d) Increase the total savings in the (iv) Unemployment increases
economy
(a) (i) only
(i) High output leads to high (b) (i) & (iii) only
unemployment (c) None of the above
(ii) High unemployment leads to high (d) All of the above
inflation
Select the correct answer using the regarding the ‘National Strategy for
code given below: Financial Inclusion for India 2019-
(a) (i) only 2024’:
(b) (ii) only
(c) Both (i) & (ii) (i) Banking access to every village
(d) Neither (i) nor (ii) within 5 km radius by March 2020
(ii) Every adult having access to
185. Consider the following statements: financial service provider through a
mobile device by March 2024
28
(iii) Public Credit Registry by March 191. Consider the following statements
2020 regarding "Islamic/ Sharia banking":
Select the correct answer using the (i) It is based on the principle of not
code given below: charging interest from the
(a) (i) only borrowers
(b) (iii) only (ii) It is based on the principle of
(c) (ii) & (iii) only prohibition of interest payment
(d) All of the above (iii) It is based on the principle of
sharing of profit and loss
189. Consider the following statements (iv) It will help in financial inclusion
regarding "Sovereign Gold Bonds":
(i) These are government securities given below:
denominated in grams of gold (a) (i) only
(ii) Issued by RBI on behalf of Govt. of (b) (ii) & (iv) only
India (c) (i), (ii) & (iv) only
(iii) Investors will receive fixed interest (d) All of the above
rate
(iv) If the market price of gold declines, 192. Which of the following statements
investors will be protected against are true regarding “Shadow Banking”:
capital loss
(i) They by and large raise funds from
Select the correct answer using the public deposits
code given below: (ii) Their activities are transparent
(a) (i) & (ii) only and properly regulated
(b) (ii) & (iii) only (iii) IL&FS is an example of Shadow
(c) (i), (ii) & (iii) only bank
regarding the “Gold Monetization (a) (i) only
Scheme”: (b) (ii) only
(c) (iii) only
(i) It will help in mobilization of gold (d) (i) & (ii) only
held by households and
193. "Enhanced Access and Service
institutions
Excellence (EASE)" is linked to which of
(ii) It will facilitate the use of gold for
the following:
productive purpose
(iii) It will help in reducing import of (a) Public sector bank reforms
gold and Current Account Deficit (b) e-Governance
(CAD) (c) Digital India Programme
(iv) Banks will be allowed to lend this (d) None of the above
gold to jewellers
Select the correct answer using the regarding the "Banking Ombudsman
code given below: Scheme":
(b) (i), (ii) & (iii) only (i) Banking Ombudsman is appointed
(c) (ii) & (iv) only by the RBI
(d) All of the above (ii) RBI management as the banking
ombudsman
29
(iii) It resolves customer complaints (c) Small Finance Banks
against deficiency in certain (d) Non-Banking Financial Institutions
banking services (NBFCs)
(iv) It has been introduced under the
Reserve Bank of India Act 1934 198. Which category of banks have the
highest share in agricultural credit:
code given below: (a) Commercial Banks (excluding
(a) (i) & (iii) only regional rural banks)
(b) (ii) & (iii) only (b) Regional Rural banks
(c) (ii), (iii) & (iv) only (c) Cooperative Banks
(d) (i) & (iv) only (d) Non-Banking Financial Companies
199. Which of the statements are correct

195. ‘Priority sector lending’ includes
which of the following categories? regarding the term "bail in" which was
(i) Renewable Energy recently in the news?
(ii) Export Credit
(iii) Social Infrastructure (a) rescuing of corporates by
(iv) Education government
(b) rescuing of financial institution by
Select the correct answer using the tax payers money
code given below: (c) rescuing of financial institution by
(a) (ii) & (iv) only its depositors/ creditors
(b) (ii), (iii) & (iv) only (d) All of the above
(c) (iii) & (iv) only
(d) All of the above 200. Which of the following statements
are true regarding "Prompt Corrective
196. Consider the following statements Action (PCA)" framework:
regarding "Kisan Credit Card (KCC)"
scheme: (i) It is applicable to banks and non-
banking financial companies
(i) It provides short term credit for (NBFCs)
cultivation of crops (ii) The institutions under PCA may
(ii) It provides long term credit cease to lend
(iii) It provides credit for consumption (iii) It is a supervisory tool of RBI for
requirements of farmers household banks
(iv) Available to owner cultivator, (iv) It applies once financial
tenant farmers and share croppers institutions reach certain threshold
level regarding Capital and NPAs.
code given below: Select the correct answer using the
(a) (i) only code given below:
(b) (ii) & (iv) only (a) (i), (ii) & (iii) only
(c) (i), (ii) & (iii) only (b) (iii) & (iv) only
(d) All of the above (c) (ii), (iii) & (iv) only
197. Which of the following category of
financial institutions are not involved 201. Consider the following statements
in the implementation of Kisan Credit regarding the ‘Supervisory Action
Cards (KCC)? Framework’:
(a) Regional Rural Banks (RRBs) (i) It is applicable for Urban-

(b) Cooperative Banks Cooperative banks
30
(ii) It can be initiated in case of serious (i) Bank for International Settlement
governance issues (BIS)
(ii) Foreign Commercial banks
Select the correct answer using the (iii) Other/foreign Central banks
code given below: (iv) Other institutions approved by
(a) (i) only Central Board of RBI
(b) (ii) only
(c) Both (i) & (ii) Select the correct answer using the code
(d) Neither (i) nor (ii) given below:
(a) (i) only
202. Which of the following statements
are true regarding "Domestic
Systemically Important Banks (DSIB)":
(i) These are also called "too big to fail"
(ii) They need to meet additional 206. Which of the following statements
capital requirement is true regarding “Line of Credit”:
(iii) The list of DSIB should be declared
a) It is issued by one bank to another
annually by RBI
b) It is issued mainly in case of
(iv) The list of DSIB is declared by the
international transactions
Ministry of Finance
c) It is a preset amount of money that
a bank has agreed to lend
d) The company will have to pay
code given below
(a) (i) & (ii) only interest on the amount for which
(b) (ii) & (iii) only line of credit has been issued
are true regarding “Letter of credit”?
203. Which of the following bank is not
(i) It is a form of bank guarantee
in the list of "Domestic Systemically
(ii) It is an assurance that a buyer’s
Important Banks"
payment to a seller will be received
on time
(a) Axis Bank
(iii) It is a letter issued from a bank that
(b) HDFC Bank
the bank has agreed to lend
(c) ICICI Bank
(d) State Bank of India (SBI) Select the correct answer using the
code given below:
204. Which of the following statements (a) (i) only
are correct regarding the recently (b) (i) & (ii) only
launched "Electoral Bonds": (c) (i) & (iii) only
(a) It is an interest-bearing instrument
(b) The bond will have the name of the 208. Which of the following statements
donar are true regarding “Teaser Loans”?
(c) It can be bought and sold in the
market (i) It is a fixed cum floating loan
(d) It can be purchased by citizens and product
companies incorporated in India (ii) These are short term loans
(iii) These loans are banned by RBI
205. RBI keeps its foreign exchange
reserves with which of the following Select the correct answer using the
agency/ies? code given below:
31
(a) (i) only (c) (ii), (iii) & (iv) only
(b) (i) & (ii) only (d) All of the above
(c) (iii) only
(d) (ii) & (iii) only 212. Consider the following statements:
209. The term “provisioning” in the (i) Capital Adequacy Ratio (CAR) is the
banking sector is related to which of amount that banks have to
the following: maintain in the form of their own
funds to offset any loss that banks
(a) It is the loss that the bank incurs incur if the account-holders fail to
on sale of bad assets repay dues.
(b) It is the amount of fund that the (ii) CAR is decided by each individual
bank needs to set aside when the
bank.
loan turns NPA
(c) It is the minimum amount of funds
Which of the statements given above
that the depositors will receive
is/are correct?
when the bank goes bankrupt
(a) (i) only
(d) It is the minimum amount which
(b) (ii) only
the borrower will have to pay even
if the loan turns NPA (c) Both (i) & (ii)
210. The term ‘Securitization’ refers to
which of the following: 213. Consider the following statements
regarding Capital Adequacy Ratio
(a) Issuance of securities of smaller (CAR) of banks:
values to raise liquidity
(b) Pooling and repackaging of (i) Deposits of public is a part of the
financial assets into marketable capital for calculating CAR
securities (ii) Bondholders increases the CAR of
(c) Selling of debt securities to get the bank and hence safety of the
access to liquidity depositors
(d) An unconventional monetary policy
tool to pump liquidity in the Which of the statements given above
economy through creation of is/are correct?
securities (a) (i) only
(b) (ii) only
211. Which of the following statements (c) Both (i) & (ii)
are true regarding the “Partial Credit (d) Neither (i) nor (ii)
Guarantee Scheme” launched in the
2019-20 budget? 214. Consider the following statements:
(i) It is applicable for all govt. and (i) Non-Performing Assets of

private banks both scheduled commercial banks is
(ii) NBFCs assets will be purchased by more than non- banking financial
banks companies
(iii) It will help in resolving the problem (ii) Presently, Capital Adequacy Ratio
of asset liability mismatch of of scheduled commercial banks is
NBFCs around 15%
(iv) It will help in handling liquidity
issues of NBFCs Select the correct answer using the
code given below:
(a) (i) only (c) Both (i) & (ii)
(b) (ii) & (iii) only (d) Neither (i) nor (ii)
32
215. Consider the following statements (i) FDI investment happens through
regarding ‘Additional Tier 1 bonds’: secondary market
(i) They are part of capital under Basel (ii) FDI investment is about equity
III norms securities
(ii) They are perpetual in nature and (iii) FDI investment is about debt
have no maturity period securities
(iii) They can be written down in case of
bank failure Select the correct answer using the
code given below:
code given below:
(b) (i) & (ii) only
(a) (ii) only
(b) (iii) only
(d) (ii) only
216. Which of the following statements regarding Foreign Portfolio Investors
are true regarding the “Liberalized (FPI):
Remittance Scheme” (LRS)?
(i) FPI is mainly into primary market
(i) It is applicable for Individuals only (ii) FPI investment may happen through
and not companies primary market
(ii) It is applicable for both current and (iii) FPI investment happens only
capital account in equity shares
(iii) Foreign exchange trading is not (iv) FPI investment happens only
permitted in this scheme in debt securities
(a) (i) only (a) (i) only
(b) (i) & (iii) only (b) (ii) only
(c) (ii) & (iii) only (c) (ii) & (iii) only
(d) All of the above (d) None of the above
217. Foreign Direct Investment (FDI) in

India can happen by which of the
following ways:
(i) Foreign Portfolio investments are
more volatile than FDI
(i) Subsidiary
(ii) FDI investors can easily sell their
(ii) Joint Venture
holdings and quit the market
(iii) Acquisition of shares
(iii) Foreign Portfolio investment is
(iv) Purchase of government securities
sector specific
(iv) FDI investment in general target
code given below: the capital market
(a) (i) & (ii) only
(b) (ii) & (iii) only Select the correct answer using the
code given below:
(a) (i) only
regarding Foreign Direct Investment (d) (iv) only
(FDI):
33
(i) A Foreign Portfolio Investor can (b) Department for Promotion of
maximum invest 10 per cent in an Industry and Internal Trade (DPIIT)
Indian Company (c) Reserve Bank of India (RBI)
(ii) When Foreign Investment in an (d) Respective administrative
Indian company is more than 10 Ministry/ Department
per cent it is treated as FDI
Select the correct answer using the (i) Through masala bonds, capital is
code given below: raised in foreign currency
(a) (i) only (ii) Through masala bonds capital is
(b) (ii) only raised in domestic currency
(c) Both (i) & (ii) (iii) By issuance of masala bonds, the
(d) Neither (i) nor (ii) exchange risk is transferred to the
investor
(i) Foreign Direct Investment in India Select the correct answer using the
code given below:
has steadily increased in the last 5
years
(a) (i) only
(ii) Foreign Portfolio Investment in
(b) (ii) only
India has steadily increased in the
last 5 years (d) (ii) & (iii) only
Select the correct answer using the 226. Which of the following measures
code given below: will help in preventing rupee
(a) (i) only depreciation:
(b) (ii) only
(c) Both (i) & (ii) (i) Easing restriction on ECB
(d) Neither (i) nor (ii) (ii) Easing restrictions on raising funds
through Masala Bonds
223. Which of the following statements (iii) Restricting imports of non-
are true regarding Foreign Portfolio essential commodities
Investors (FPIs): (iv) Restricting FPI investments in
India
(i) They fund India’s Current Account
Deficit (CAD) code given below:
(ii) They help in achieving (a) (i) & (ii) only
governments disinvestment target (b) (i) & (iii) only
(iii) They are liable to pay capital gain (c) (i), (ii) & (iii) only
tax in India (d) (iii) & (iv) only
Select the correct answer using the 227. The term "Phantom Capital" was
code given below: recently in the news, is related to which
(a) (i) only of the following:
(c) (iii) only (a) Fake currency notes
(d) All of the above (b) Recapitalization of public sector
banks
224. Foreign Direct Investment in India (c) Circular Flow of Income in an
under "Government Route" is approved economy
by which of the following agency/body: (d) Foreign Direct Investment
(a) Department of Economic Affairs
34
228. Consider the following statements 232. Which of the following constitute
regarding “strategic disinvestment” of Capital Account in BoP?
PSUs:
(i) Global Depository Receipts (GDRs)
(i) Government sells up to 50% or (ii) International Trade Credit
higher percentage of shares to a (iii) Government securities purchased
strategic partner by foreign Investors
(ii) Management control must be (iv) Securities purchased by foreign
transferred to the strategic partner portfolio investors

(a) (i) only
(a) (i) & (ii) only
(b) (ii) only
(b) (iii) & (iv) only
(c) Both (i) & (ii)
229. Which of the following
ministries/departments identify PSUs 233. Which of the following are part of
for “Strategic Disinvestment”? capital account transaction?
(a) Department of Investment and (i) Masala bonds

Public Asset Management (DIPAM) (ii) Purchase of capital equipment
(b) NITI Aayog from abroad
(c) Jointly by DIPAM and NITI Aayog (iii) NRI deposits in Indian banks
(d) Inter-Ministerial body called
‘Alternative Mechanism’ Select the correct answer using the
code given below:
are true regarding “Alternative (b) (i) & (ii) only
Mechanism”? (c) (iii) only
(a) It is an inter-ministerial body to
fasten the process of strategic 234. Which of the following statements
disinvestment will be considered as part of ‘Transfer
(b) It is an inter-ministerial body to Payments’ in balance of payment?
identify PSUs for strategic
disinvestment (i) Gift sent by an NRI to his friend in
(c) It is the nodal department for India
strategic disinvestment (ii) Money sent by an Indian employee
(d) None of the above to his family in India who has gone
abroad temporarily
231. Which of the following will be
included in the balance of payments of Select the correct answer using the
India? code given below:
(i) Factor income of Indian residents (a) (i) only
from abroad (b) (ii) only
(ii) Gift received by a family in India (c) Both (i) & (ii)
from his NRI son (d) Neither (i) nor (ii)
code given below: 235. The Current Account Deficit in
(a) (i) only Balance of Payment can be financed
(b) (ii) only through:
(c) Both (i) & (ii)
35
(i) Net capital inflow Select the correct answer using the
(ii) Foreign exchange reserve code given below:
transaction (a) (i) only
(b) (ii) only
Select the correct answer using the (c) Both (i) & (ii)
code given below: (d) Neither (i) nor
(a) (i) only
(c) Both (i) & (ii) regarding resolution of stressed assets:
(i) RBI can issue directions to banking
companies for resolution of
stressed assets
regarding “Currency Swap Agreement”
(ii) RBI can direct banking companies
between two companies:
to move through IBC 2016 for
resolution of stressed assets only
(i) It is used to obtain foreign currency
upon authorization of Govt. of India
loans at cheaper interest rate
(iii) Lenders require RBI authorization
(ii) It removes the exchange rate risk
for resolution of stressed assets
under IBC Code 2016
(b) (ii) only (a) (i) only
(c) Both (i) & (ii) (b) (i) & (ii) only
(d) Neither (i) nor (ii) (c) (ii) & (iii) only
240. Which of the following kind of
(i) As per the Banking Regulation Act entities are covered under Insolvency
1949, RBI, in public interest, can and Bankruptcy Code 2016?
supersede the management of a (i) Individuals
banking company. (ii) Partnership firms
(ii) As per the RBI Act 1934, RBI, in (iii) Limited Liability Partnerships
public interest can supersede the (iv) Companies
management of a non-banking
financial company Select the correct answer using the
code given below:
Select the correct answer using the (a) only
code given below: (b) & (iv) only
(a) (i) only (c) (ii), (iii) & (iv) only
(b) (ii) only (d) All of the above
(c) Both (i) & (ii)
(d) Neither (i) nor (ii) 241. Which of the following statements
are true regarding the Insolvency and
238. Consider the following statements Bankruptcy Code 2016?
regarding Reserve Bank of India (RBI)
Act 1934: (i) Committee of Creditors consist of
(i) RBI can supersede the only financial creditors
management of a banking company (ii) Operational creditors do not share
under RBI Act 1934 the resolution proceeds
(ii) The Central Government can (iii) NCLT will decide the distribution of
supersede the ‘Central Board’ of proceeds between financial and
RBI under RBI Act 1934 operational creditors
36
Select the correct answer using the (ii) To initiate resolution of FSPs under
code given below: IBC 2016, the appropriate
(a) (i) only regulator should make an
(b) (i) & (ii) only application
(d) (iii) only Select the correct answer using the
code given below:
are true regarding the Insolvency and (b) (ii) only
Bankruptcy Code 2016? (c) Both (i) & (ii)
(i) The resolution plan should be
approved by NCLT 245. Who cannot bid for companies put
(ii) The resolution process must be up for sale under the new Insolvency
completed within 330 days and Bankruptcy Code (IBC):
including litigation (i) A wilful defaulter
(ii) Promoters of the company
(a) (i) only code given below
(b) (ii) only (a) (i) only
(c) Both (i) & (ii) (b) (ii) only
(d) Neither (i) nor (ii) (c) Both (i) & (ii)
regarding Insolvency and Bankruptcy 246. Consider the following statements
Code (IBC) 2016:
regarding the recent amendments done
in IBC 2016:
(i) IBC is applicable for Financial
Service Providers like NBFCs (i) It is applicable for corporate debtor
(ii) Central Government has the
and corporate guarantor
authority to decide which type of
(ii) New management is ringfenced
financial service providers will be
from offences committed by the
included for resolution under IBC
erstwhile management
(iii) IBC has not been made applicable
for insolvency of banks Select the correct answer using the
code given below
code given below:
(b) (ii) only
(a) (i) only
(c) Both (i) & (ii)
(b) (i) & (ii) only
(c) (iii) only
244. Consider the following statements are true regarding the SARFAESI Act
regarding resolution of Financial 2002?
Service Providers (FSP) under IBC
2016. (i) It is applicable to banks and NBFCs
both
(i) Govt. of India in consultation with (ii) It allows selling of the security in
appropriate regulator will decide case of secured lending
which category of FSPs can be
taken up for resolution under IBC Select the correct answer using the
2016 code given below:
(a) (i) only
37
(b) (ii) only (iii) Liquidity crunch in the economy
(c) Both (i) & (ii)
code given below:
248. “Liquidity Coverage Ratio” is (a) (i) & (ii) only
defined as a ratio of: (b) (ii) & (iii) only
(a) High quality liquid assets to cash (d) All of the above
outflow for 30 days period
(b) High quality liquid assets to 252. The term “On-lending model” was
deposits of the public in the bank recently in the news is related to which
(c) High quality liquid assets to net of the following?
cash outflow amount over a 30
days period (a) Loan given by NBFCs out of bank
(d) High quality liquid assets to total borrowing to priority sectors will be
lending of banks considered as Priority Sector
Lending
249. Which of the following will be the (b) Loans given by Development
impact of rupee depreciation? Financial Institutions to banks for
(i) Exports will become more further lending
competitive (c) Loans given by banks to
(ii) Exporters will fetch more dollars for Development Financial Institutions
the same amount of goods exported (d) RBI giving loans to NBFCs for
(iii) Demand for domestic goods and onward lending
services will increase
253. Which of the following will deter
Select the correct answer using the investments in the economy?
code given below:
(a) (i) only (i) High real interest rate
(b) (ii) only (ii) High capacity utilization
(d) All of the above Select the correct answer using the
code given below:
regarding cryptocurrencies in India: (b) (ii) only
(i) Trading of cryptocurrencies is (c) Both (i) & (ii)
banned in India (d) Neither (i) nor (ii)
(ii) Cryptocurrencies acquired value
because they can be created only in 254. Consider the following statements
limited number in a market determined exchange rate
system:
code given below: (i) Imposing tariff may not help in
(a) (i) only improving trade balance as the
(b) (ii) only exchange rate moves to offset the
(c) Both (i) & (ii) tariff
(d) Neither (i) nor (ii) (ii) The exchange rate depends on the
demand and supply of the two
251. A reduction in repo rate by RBI may currencies
not be transmitted into lending rate in
the economy because of: Select the correct answer using the
code given below:
(i) Banks cost of funds remaining high (a) (i) only
(ii) Government offering higher (b) (ii) only
interest on its own savings schemes (c) Both (i) & (ii)
38
(d) Neither (i) nor (ii) (c) (ii) & (iii) only
regarding rupee-dollar rate in foreign 259. Microfinance is the provision of
exchange market: financial services to people of low-
income groups. This includes both the
(i) Inflation in the domestic economy consumers and the self-employed.
will lead to rupee depreciation Services rendered under microfinance
(ii) Rupee depreciation will lead to is/are:
inflation in the domestic goods in
the economy (i) Credit facilities
(ii) Savings facilities
Select the correct answer using the (iii) Insurance facilities
code given below: (iv) Fund transfer facilities
(a) (i) only
(b) (ii) only Select the correct answer using the
(c) Both (i) & (ii) codes given below the lists:
(d) Neither (i) nor (ii) (a) (i) only
(b) (i) & (iv) only
256. Which of the following activities will
increase liquidity in the economy?
(d) (i), (ii), (iii) & (iv)
(i) Advance tax payment
(ii) Tax refunds for GST
regarding lending by “Microfinance
(iii) Front loading of government
Institutions (MFIs)”:
expenditure
(iv) Recapitalization of public sector
(i) RBI has put a cap on household
banks
income limit to avail credit from
MFIs
(ii) RBI has increased the lending limit
code given below:
(a) (i) & (iii) only by MFIs per borrower to Rs. 1.25
lakhs
(b) (ii), (iii) & (iv) only
code given below:
257. The problem of international (a) (i) only
(b) (ii) only
liquidity is related to the non-
(c) Both (i) & (ii)
availability of:
(a) Goods and services
(b) Gold and silver
(c) Dollars and other hard currencies
regarding ‘White Label ATMs (WLAs)’:
(d) Exportable surplus
(i) ATMs set up, owned and operated
258. Surplus liquidity in the economy by non-banks are called WLAs
may result in which of the following: (ii) Non-bank ATM operators are
(i) Softening of bond yield authorized under the Payment and
(ii) Reduction in cost of capital Settlement Systems Act, 2007 by
(iii) Depreciation of currency RBI.
(a) (ii) only (a) (i) only
(b) (i) & (iii) only (b) (ii) only
39
(c) Both (i) & (ii) 265. Consider the following statements
(d) Neither (i) nor (ii) regarding ‘Advance Pricing Agreement’:
262. Consider the following statements: (i) It is an agreement between a tax

authority and a tax payer
(i) Debt overhang refers to a debt (ii) It is an agreement between two
burden so large that an entity governments
cannot take on additional debt to (iii) It is an agreement to discover the
finance future projects. pricing methodology between
(ii) Debt trap is a situation in which it related company transactions
becomes difficult or impossible to (iv) It helps in making a country an
repay the debt attractive destination for foreign
investments
(a) (i) only codes given below the lists:
(b) (ii) only (a) (i) & (iii)only
(c) Both (i) & (ii) (b) (ii) & (iii) only
(d) Neither (i) nor (ii) (c) (ii) & (iv) only
regarding ‘Circuit Breaker’: 266. Enforcement Directorate enforces
which of the following laws:
(i) Circuit breaker applies when the
stock or indices moves too much in (i) Foreign Exchange Management Act
either direction (FEMA) Act 1999
(ii) Circuit breakers when triggered
(ii) Prevention of Money Laundering
may bring about a coordinated
Act (PMLA) 2002
trading halt in all the equity
markets nationwide
code given below:
(a) (i) only
code given below:
(b) (ii) only
(a) (i) only
(b) (ii) only (c) Both (i) & (i)
(c) Both (i) & (ii) (d) Neither (i) nor (ii)
267. In case of the recent Yes Bank
264. The term ‘Transfer Pricing’ was crisis:
recently in the news, it is related to (i) RBI superseded the Board of ‘Yes
which of the following? Bank’ through RBI Act 1934
(ii) RBI acted as ‘Lender of Last Resort’
(a) The price at which one company
sells intermediate goods to other Select the correct answer using the
companies code given below:
(b) The price at which goods are (a) (i) only
transferred within group (b) (ii) only
companies (c) Both (i) & (i)
(c) The price at which goods are (d) Neither (i) nor (ii)
transferred between shell
companies
(d) The price at which one company
transfers its goods from one state to
another state for stocking purpose
40
268. Which of the following figures are (b) It measures development outcomes
presented as part of the Budget of govt. programmes
presentation in Parliament? (c) It helps in better service delivery
(d) It reduces unnecessary expenses
(i) Budgeted receipts and expenses for
the next Financial Year (FY) 272. Consider the following statements
(ii) Budgeted receipts and expenses for regarding 'Contingency Fund of India'
the current FY
(iii) Revised receipts and expenses for (i) The fund is at the disposal of the
the current FY president of India
(iv) Actual receipts and expenses for (ii) The fund is at the disposal of the
the last FY Prime Minister of India
(iii) The funds spent shall ultimately be
Select the correct answer using the approved by the parliament
code given below: (iv) The funds spent are recouped from
(a) (i) only the Consolidated Fund of India
(b) (i) & (ii) only
(c) (i), (ii), & (iii) only Select the correct answer using the
(a) (i) only
269. Consider the following statements (b) (ii) & (iv) only
regarding presentation of Budget in the (c) (i), (iii) & (iv) only
Parliament: (d) (i) & (iv) only
(i) Finance Bill is introduced on the 273. Surplus reserve of RBI transferred
very first day when the Finance to Government of India (GOI) will come
Minister presents Budget in the under which of the following?
Parliament
(ii) Appropriation Bill is introduced (a) Market borrowings and other
after the voting on demand for liabilities
grants is over (b) Non-tax revenue receipts
(c) Non-debt capital receipts
Select the correct answer using the (d) Debt receipts
code given below:
(a) (i) only 274. The Grants-in-aid given by the
(b) (ii) only Central Government to the State
(c) Both (i) & (ii) Governments and local bodies for
(d) Neither (i) nor (ii) creation of capital assets are classified
in the Union budget under?
270. Which of the following department
prepares outcome budget? (a) Revenue expenditure
(b) Capital Expenditure
(a) Public finance division under (c) Both Revenue and Capital
department of expenditure expenditure
(b) Budget division under department (d) None of the above
of Economic affairs
(c) Department of financial services 275. Which of the following are Non-Tax
(d) NITI Aayog Receipts of the Central Government?
271. Which of the following statement is (i) Issue of Passport and Visa
not true regarding "Outcome Budget": (ii) Registration of Companies
(iii) Royalty from on shore oilfields
(a) It is not presented in parliament (iv) Royalty from offshore oilfields
41
code given below: (b) (ii) & (iii) only
(a) (i) only (c) (i) & (iii) only
(b) (i), (ii) & (iii) only (d) All of the above
(d) All of the above 279. Which of the following are part of
capital budget of Govt. of India?
276. Which of the following are Non-debt
capital receipts of Govt. of India? (i) Issuance of Sovereign Gold Bonds
(ii) Receipt from Gold Monetization
(i) Disinvestment
(ii) Recovery of loans Select the correct answer using the
(iii) Public Account receipts code given below:
(iv) Treasury Bills (a) (i) only
(b) (ii) only
Select the correct answer using the (c) Both (i) & (ii)
code given below: (d) Neither (i) nor (ii)
(a) (i) only
(b) (i) & (ii) only 280. Which of the following are revenue
(c) (iii) & (iv) only receipts of Central Government
budget?
(i) RBI paying dividend to govt. of
277. Which of the following are part of
India
Capital Budget of Govt. of India?
(ii) PSUs paying dividend to govt. of
India
(i) Proceeds received in the public
(iii) PSUs earnings
account of India
(iv) Proceeds from sale of govt. land
(ii) PSUs purchasing capital
equipment
(iii) Establishment of “India Post
code given below:
Payment Bank”
(a) (i) only
(b) (i) & (ii) only
code given below: (d) All of the above
(a) (i) only
281. Tax revenue collection in our
country mainly depends on which of
the following:
278. Which of the following is/are (i) Nominal GDP

included in the capital budget of the
(ii) Real GDP
Government of India?
(i) Expenditure on acquisition of
code given below:
assets like roads, buildings,
(a) (i) only
machinery, etc.
(b) (ii) only
(ii) Loans received from foreign (c) Both (i) & (ii)
governments (d) Neither (i) nor (ii)
(iii) Loans and advances granted to the
States and Union Territories 282. “Tax Buoyancy” in the economy is
defined as:
code given below.
42
(i) Ratio of percentage change in tax 285. Fiscal Deficit is equal to:
revenue to percentage change in
GDP (i) Total expenditure minus total
(ii) Ratio of change in tax revenue to receipts
change in GDP (ii) Total expenditure minus total
(iii) Percentage increase in tax revenues receipts excluding borrowing
as measured from previous year (iii) Revenue deficit plus capital
(iv) Incremental change in tax revenues expenditure minus non debt
required to increase the GDP by creating capital receipts
one percent (iv) Total borrowing
(a) (i) only (a) (i) & (iv) only
(b) (i) & (ii) only (b) (ii) & (iii) only
(c) (iii) only (c) (ii), (iii) & (iv) only
(d) (ii) & (iv) only (d) All of the above
283. Which of the following receipts goes 286. Fiscal Deficit of the Government of
to Public Account of India: India is equal to which of the following:
(i) Treasury Bills (a) Debt creating capital receipts

(ii) Kisan Vikas Patra (b) Non-Debt capital receipts
(iii) Sukanya Samriddhi Account (c) Debt and non-debt capital receipts
(iv) Public Provident Fund (d) Capital receipts less of revenue
receipts
given below: 287. There has been a persistent deficit
(a) (i) & (iv) only budget year after year. Which of the
(b) (ii) & (iii) only following actions can be taken by the
(c) (ii), (iii) & (iv) only Government to reduce the deficit?
(i) Reducing revenue expenditure
284. Consider the following statements (ii) Introducing new welfare schemes
regarding the "National Small Savings (iii) Rationalizing subsidies
Funds (NSSF)": (iv) Expanding industries
(i) The proceeds of small savings Select the correct answer using the
scheme of Central government goes code given below.
to NSSF (a) (i) & (iii) only
(ii) NSSF is a part of Public Account of (b) (ii) & (iii) only
India (c) (i) only
(iii) NSSF is a part of Consolidated (d) (i), (ii), (iii) & (iv) only
Fund of India (CFI)
Select the correct answer using the code regarding the government’s fiscal
given below: deficit:
(a) (i) only
(b) (i) & (ii) only (i) It may be inflationary
(c) (i) & (iii) only (ii) It may not be inflationary
(d) (iii) only (iii) It raises aggregate demand
43
Select the correct answer using the (i) It is a strategy to boost sluggish
code given below: economy
(a) (i) only (ii) RBI pumps money into the
(b) (ii) only economy
(c) (i) & (iii) only (iii) Government reduces subsidies
(d) All of the above (iv) Public spending increases
289. Postponing the "Fiscal Deficit" Select the correct answer using the
target or Fiscal Slippage may result in code given below:
which of the following: (a) (i) & (ii) only
(b) (i), (ii), & (iv) only
(i) Decrease in bond prices (c) (i), (iii) & (iv) only
(ii) Increase in bond yield (d) (i) & (iv) only
(iii) Increase in market interest rates
(iv) Decrease in market interest rates 293. Consider the following statements
regarding "counter-cyclical" fiscal
Select the correct answer using the policy:
code given below: (i) Government uses the counter
(a) (i) & (ii) only cyclical policy to cool down the
(b) (i) & (iii) only economy during boom period
(c) (ii) & (iii) only (ii) In counter cyclical policy,
(d) (i), (ii) & (iii) only government increases spending
and reduces taxes during economic
290. Which of the following can finance slowdown
Govt. of India’s fiscal deficit? Select the correct answer using the code
given below:
(i) Foreign Direct Investment (FDI)
(a) (i) only
(ii) Foreign Portfolio Investment (FPI)
(b) (ii) only
(c) Both (i) & (i)
code given below:
(a) (i) only
(c) Both (i) (ii) regarding ‘Fiscal Consolidation’ policy:
(i) It is an effort by the government to
291. Consider the following statements: bring down fiscal deficit
(ii) It is an effort to reduce public debt
(i) Fiscal deficit increases aggregate (iii) It is an effort to reduce current
demand in the economy account deficit
(ii) Fiscal deficit is financed by (iv) It is an effort to raise revenues and
borrowing from RBI bring down wasteful expenses
(a) (i) only (a) (i), (ii) & (iii) only
(b) (ii) only (b) (i), (ii) & (iv) only
(c) Both (i) & (ii) (c) (iv) only
(d) Neither (i) nor (ii) (d) All of the above
292. Which of the following statements 295. Which of the following statement is
are true regarding "fiscal stimulus": true regarding “Tax Base”?
44
(a) It is the number of people falling Select the correct answer using the
under tax net code given below:
(b) It is the number of people and (a) (i) only
business units under tax net (b) (ii) only
(c) It is the income of people which can (c) Both (i) & (ii)
be taxed by the government (d) Neither (i) nor (ii)
(d) It is the aggregate value of financial
streams on which tax can be 299. Consider the following statements
imposed by the government regarding Goods and Services Tax
(GST):
regarding "Tax Avoidance" and (i) Taxes need to be paid at each point
"General Anti Avoidance Rules in the value chain
(GAAR)": (ii) It will have input tax credit
mechanism
(i) Tax avoidance is legal
(iii) The total taxes will be passed on to
(ii) Tax avoidance is illegal
the consumers
(iii) GAAR target business transactions
that are entered into with the
objective of avoiding tax code given below:
(iv) GAAR target transactions entered (a) (i) & (ii) only
into for tax evasion and tax (b) (i) & (iii) only
avoidance both (c) (ii) & (iii) only
given below:
regarding GST:
(b) (i) & (iv) only
(c) (ii) & (iii) only (i) The market price of a product will
(d) (ii) & (iv) only be same all across India
(ii) The producing State will not get
297. Which of the following taxes are GST
regressive in nature?
(iii) It will allow seamless passage of
input tax credit across States
(i) Income Tax
(iv) It will not lead to cascading effect of
(ii) Sales Tax
taxes
(iii) Goods & Services Tax (GST)
(iv) Value Added Tax (VAT)
code given below:
(a) (i) & (ii) only
code given below:
(a) (i) only
(b) (ii) only
(c) (i) & (ii) only
301. GST will lead to formalization of the
Indian economy because of the
following reasons.
regarding Goods and Services Tax
(GST):
(a) GST is consumption/ destination-
(i) GST is a value added tax
based tax
(ii) GST is a multipoint destination (b) GST has input tax credit
based tax mechanism
45
(c) All the businesses have to pay GST (b) (ii) only
without any threshold limit (c) (i) & (iii) only
(d) GST will be levied on goods and (d) All of the above
services both
302. Consider the following statements regarding Goods and Services Tax?
regarding IGST:
(i) It will lead to harmonization of
(i) It is levied by the Centre on inter- taxes
state supply of goods (ii) Supplies to exports are zero rated
(ii) The IGST rate is equal to CGST plus
the SGST/UTGST rate Select the correct answer using the
(iii) The tax revenue is shared equally code given below:
among the Centre and the (a) (i) only
consuming State/UT (b) (ii) only
(c) Both (i) & (ii)
Select the correct answer using the (d) Neither (i) nor (ii)
code given below:
(a) (i) only 306. Consider the following statements
(b) (ii) only regarding import of goods and services
(c) (i) & (iii) only in India:
(d) All of the above (i) They are treated as inter-state
supplies
(ii) Customs duty and IGST both are
303. What does "Revenue Neutral Tax applicable
Rate" means in reference to the Goods (iii) Only IGST is applicable
and Services Tax": (iv) Imports are zero-rated
(a) That GST rate at which tax Select the correct answer using the
(indirect) revenues of States and code given below:
Centre will not get impacted after (a) (i) & (ii) only
implementation of GST (b) (i) & (iii) only
(b) The tax rate will be same for the (c) (iii) only
Centre and State (d) (i) & (iv) only
(c) The tax rate at which Central and
States revenues will be same 307. Which of the following statements
(d) All of the above are true regarding the "Electronic - Way
Bill"?
regarding the GST Compensation Cess: (i) It is mandatory as per the GST law
(ii) It is a replacement of the Way Bill
(i) It is levied and collected by the which was required under the VAT
Centre regime
(ii) GST compensation fund has been (iii) It is required for goods transported
established in Consolidated Fund worth more than Rs. 50,000/-
of India (iv) It will check tax evasion
(iii) The States will be compensated if
their nominal revenue growth is Select the correct answer using the
less than 14% after the code given below:
implementation of GST. (a) (i) only
(b) (i) & (iv) only
Select the correct answer using the (c) (i) & (iii) only
(a) (i) only
46
308. Consider the following statements (d) All of the above
regarding "Composition Scheme" in
GST: 311. The term ‘Crowd-in’ in the economy
(i) It exempts small taxpayers from is related to which of the following?
payment of GST
(ii) It allows small businesses to pay (i) Targeted government spending acts
tax at a fix percent of their turnover as an engine of growth in the short
(iii) It reduces the compliance cost for run
small businesses (ii) Government spending
complements the private
Select the correct answer using the investment
code given below: (iii) Government spending substitutes
(a) (i) only the private investment
(b) (i) & (iii) only (iv) Government spending boosts
(c) (ii) only demand for goods which in turn
(d) (ii) & (iii) only increases private demand
regarding the Goods and Services Tax code given below:
Network (GSTN): (a) (i) & (ii) only
(i) It is a non-government, private (c) (i), (ii) & (iv) only
limited company (d) (i), (iii) & (iv) only
(ii) It is a not for profit company
Select the correct answer using the regarding the “Inverted Duty
code given below: Structure” in international trade:
(a) (i) only
(b) (ii) only (i) It makes domestic manufactured
(c) Both (i) & (ii) goods less competitive against
(d) Neither (i) nor (ii) finished product imports in the
domestic market.
310. The term ‘Crowd-out’ in economy is (ii) Finished goods are taxed at higher
related to which of the following: rate than the raw materials
(iii) Raw materials are taxed at higher
(i) Increased public sector spending rate than the finished products
replaces private sector spending (iv) This has reference to Customs
(ii) Governments deficit spending Duty
through borrowed money leads to
hardening of interest rates Select the correct answer using the
(iii) Government spending uses up code given below:
financial resources that would (a) (i) & (ii) only
otherwise be used by private firms (b) (i) & (iii) only
(iv) Government providing a service or (c) (i) & (iv) only
good that would otherwise be a (d) (i), (iii) & (iv) only
business opportunity for private
industry 313. Consider the following statements
regarding inverted duty structure in
Select the correct answer using the GST:
code given below: (i) It is the result of several tax slabs
(a) (i) only in our GST structure
(b) (i) & (ii) only (ii) It creates problem in claiming input
(c) (ii) & (iii) only tax credit
47
Select the correct answer using the (c) Raising taxes to provide funds to
code given below: repay the maturing bonds
(a) (i) only (d) Print additional paper currency to
(b) (ii) only meet maturing obligations
(c) Both (i) & (ii)
are true regarding “Deficit Financing”?
regarding use of Aadhar for benefit (i) It raises aggregate demand in the
transfer: economy
(i) The money can be drawn only from (ii) It may result in inflation in
the Consolidated Fund of India economy
(ii) The States can also use Aadhar to (iii) It is used as a developmental tool
transfer benefit from Consolidated by developing countries
Fund of States (iv) It is done by issuing government
(iii) Central government can make bonds
Aadhar mandatory for
authentication to provide any Select the correct answer using the
subsidy code given below:
(iv) It can be used for transfer of benefit (a) (i) & (ii) only
to individuals who are residing in (b) (i), (ii) & (iii) only
India for more than 182 days (c) (iii) & (iv) only
code given below: 318. Inflation acts as a tax in the
(a) (i) only economy. This tax is:
(b) (ii) & (iv) only (a) Progressive
(c) (i), (iii) & (iv) only (b) Proportional
(d) (ii), (iii) & (iv) only (c) Regressive
315. The term “Pump Priming” means:
(i) It is a way to stimulate the economy are correct?
by reducing tax (i) Progressiveness in personal income
(ii) It is done in economic slowdown by tax can be increased by having
increasing government spending more tax slabs
(iii) RBI prints extra money (ii) Redistribution of income can help
in stimulating the economy by
Select the correct answer using the increasing consumption
code given below:
(b) (i) & (ii) only code given below:
(c) (iii) only (a) (i) only
(d) All of the above (b) (ii) only
(c) Both (i) & (i)
316. When a portion of public debt falls (d) Neither (i) nor (ii)
due, refinancing of public debt is done
by: 320. Consider the following statements
regarding the Corporate Income Tax
(a) Selling new bonds and using which the government reduced
proceeds to pay off holders of effectively to 25.17%:
maturity bonds
(b) Extending maturity of debt by (i) It is applicable for Indian
raising the interest payable on rate Companies
maturing debt
48
(ii) It is applicable for domestic (ii) It comes under Department of
companies Expenditure, Ministry of Finance
(iii) It is applicable only if the (iii) It is an end to end online solution
companies are not availing various for processing payments,
exemptions reconciliation and reporting of
(iv) The above rate is including Cess central schemes
and Surcharge (iv) It tracks fund utilization up to the
last mile for central schemes
code given below:
code given below:
321. Which department decides the
outlay for Centrally Sponsored Scheme
(CSS)
regarding the Fifteenth Finance
Commission (FFC) recommendations:
(a) NITI Aayog
(b) Public Finance Division under
(i) It has recommended 41%
department of Expenditure
devolution from Central taxes to
(c) Economic Division under States in 2020-21
department of Economic Affairs (ii) It has recommended 1% devolution
(d) None of the above from Central taxes to the Union
Territories of J&K and Ladakh
322. Consider the following statements 2020-21
regarding the Centrally Sponsored
Schemes (CSCs): Select the correct answer using the
code given below:
(i) Central government gives grant to (a) (i) only
States to implement these schemes (b) (ii) only
(ii) For Central government, most of (c) Both (i) & (ii)
the expenditure on CSCs is revenue (d) Neither (i) nor (ii)
expenditure
(iii) Central government transfers the 325. Consider the following statements
amount to either State regarding the Fifteenth Finance
Consolidated Fund or directly to Commission (FFC) recommendations:
State implementing agencies
(i) For horizontal devolution, the
Select the correct answer using the population of 2011 Census will be
code given below: considered
(a) (i) only (ii) There are six parameters for
(b) (i) & (ii) only horizontal devolution out of which
(c) (ii) & (iii) only ‘Tax Effort’ is one
regarding the "Public Finance (a) (i) only
Management System (PFMS)": (b) (ii) only
(c) Both (i) & (ii)
(i) It comes under the office of (d) Neither (i) nor (ii)
Controller General of Accounts,
Ministry of Finance
49
326. Consider the following statements (iii) NRI deposits
regarding the “Grants in Aid” (iv) Foreign Direct Investment in India
recommended by the Fifteenth Finance (FDI)
Commission (FFC) for the year 2020-
21: Select the correct answer using the
code given below:
(i) It has recommended revenue deficit (a) (i) only
and local body grants (b) (i) & (iii) only
(ii) It has recommended sector specific (c) (i), (ii) & (iii) only
and performance grants (d) (ii) & (iv) only
(iii) It has recommended State-specific
grants
331. Which of the following are part of
India’s External Debt?
code given below:
(i) External Commercial Borrowing
(a) (i) only
(ECB)
(ii) NRI Deposits
(d) All of the above (iii) Investments made by Portfolio
Investors in debt securities
327. Which UT/State’s per capita SGDP (iv) Portfolio Investors purchasing
has been taken as the reference by the government securities
Fifteenth Finance Commission for
calculating the ‘income distance’? Select the correct answer using the
code given below:
(a) Goa (a) (i) only
(b) Haryana (b) (iv) only
(c) Delhi (c) (i), (iii) & (iv) only
(d) Maharashtra (d) All of the above
328. Which of the following items had 332. Consider the following regarding
the highest share of expenditure in the India’s external debt:
overall budget of GoI in 2019-20?
(i) It is around 20% of GDP
(a) Salary and Pension (ii) Sovereign Debt is less than 5% of
(b) Interest payment GDP
(c) Capital Expenditure (iii) External Commercial Borrowings
(d) Explicit Subsidies (ECB) has the highest share in
India’s external debt
329. Which is the biggest source of
budgetary receipts in the year 2019-20 Select the correct answer using the
for Govt. of India? code given below:
(a) (i) & (ii) only
(a) Corporation Tax (b) (iii) only
(b) Income Tax (c) (i) & (iii) only
(c) Goods and Services Tax (d) All of the above
(d) Borrowings
330. The Public Debt of Government of (i) States and UTs combined
India includes which of the following: expenditure is more than Central
government expenditure
(i) Treasury Bills (ii) States and UTs combined
(ii) External Commercial Borrowing borrowing is more than Central
(ECB) government borrowing
50
Select the correct answer using the (iii) The States require Finance
code given below: Commission approval to deviate
(a) (i) only from their fiscal deficit target
(b) (ii) only
(c) Both (i) & (ii) Select the correct answer using the
(d) Neither (i) nor (ii) code given below:
(a) (i) & (ii) only
334. Which of the following statements (b) (iii) only
are true regarding FRBM Act 2003? (c) (i) & (iii) only
(i) RBI can subscribe to the primary (d) All of the above
issues of Central government
securities 337. “Central Government Debt”
(ii) RBI can fund Central government includes which of the following?
fiscal deficit (i) Outstanding liabilities on the
(iii) Central government can take security of the Consolidated Fund
advance from RBI in case there is a of India
mismatch in cash disbursements (ii) Outstanding liabilities in the Public
and cash receipts Account of India
(iii) Off-budget liabilities
(b) (i) & (iii) only (a) (i) only
(c) (ii) & (iii) only (b) (i) & (ii) only
(d) (iii) only (c) (ii) & (iii) only
335. As per the FRBM Act 2003, Central
Government shall endeavour to ensure 338. Consider the following statements
that: regarding Forex Reserves:
(i) The general government debt shall
not exceed 60% of GDP by 2024-25 (i) The country’s Forex Reserves fully
(ii) The central government debt shall covers the external debt
not exceed 40% of GDP by 2024-25 (ii) The country’s Forex Reserves fully
(iii) The central government shall not covers its one-year imports of goods
give additional guarantees on loan and services
in excess of 0.5% of GDP in any
financial year Select the correct answer using the
code given below:
(a) (ii) only (c) Both (i) & (ii)
(b) (iii) only (d) Neither (i) nor (ii)
(c) (i) & (ii) only
(d) All of the above 339. India’s external liabilities include
which of the following?
336. Consider the following statements: (i) FDI investment in India
(ii) FPI’s debt and equity investments
(i) FRBM Act 2003 has provided for an in India
escape clause in which central
government can deviate from the Select the correct answer using the
fiscal deficit target by 0.5% code given below:
(ii) The central government has also (a) (i) only
approved for additional fiscal deficit (b) (ii) only
to States by 0.5% over and above (c) Both (i) & (ii)
the normal limit of 3% (d) Neither (i) nor (ii)
51
340. Which of the following is not a case (a) (i) only
of Centre’s Off Budget Borrowings? (b) (ii) only
(c) Both (i) & (ii)
(a) Borrowing by FCI to fund the food (d) Neither (i) nor (ii)
subsidy programme
(b) Borrowing by HUDCO to fund the
affordable housing programme
(c) Borrowing by NABARD for govts’
irrigation projects
(d) Borrowing by NTPC for its power
generation projects
341. The "Internal and Extra Budgetary

Resources" of Central Public Sector
Undertakings (CPSUs) include which of
the following:
(i) Profit of the CPSUs

(ii) Domestic and foreign loans raised
by the CPSUs

given below:
(a) (i) only
(b) (ii) only
(c) Both (i) & (i)

regarding the “e-assessment scheme”:
(i) It allows faceless assessment of

taxpayers
(ii) It is for direct taxpayers
(iii) The national e-assessment centre
is based in Mumbai

code given below:
(a) (i) only
(b) (ii) only
(c) (i) & (ii) only

regarding “Vivad se Viswas” scheme
proposed in the budget:
(i) It is only for direct taxes

(ii) The objective is to generate timely
revenue for the government

code given below:
52
344. Consider the following statements: Select the correct answer using the
code given below:
(i) Agriculture GDP at constant prices (a) (i) only
has steadily increased in the last 10 (b) (ii) only
years (c) Both (i) & (ii)
(ii) GDP at constant prices has steadily (d) Neither (i) nor (ii)
increased in the last 10 years.
code given below: (i) Department of fisheries is under
(a) (i) only Ministry of Agriculture and
(b) (ii) only Farmers’ welfare
(c) Both (i) & (ii) (ii) Department of Animal Husbandry
(d) Neither (i) nor (ii) and dairying is under Ministry of
Agriculture and Farmers’ Welfare
345. Consider the following statements: (iii) Department of Agriculture and
Cooperation released the 20th
(i) Horticulture production is more Livestock Census
than food grain production in India
in the last few years Select the correct answer using the
(ii) Agriculture credit target for the code given below:
year 2020-21 has been set at Rs. 15 (a) (i) only
lakh crores in the budget (b) (i) & (ii) only
code given below:
(a) (i) only 349. Which of the following statements
(b) (ii) only are true regarding the Model
(c) Both (i) & (ii) Agricultural Land Leasing Act 2016?
(i) The model act allows consolidation
346. Consider the following statements of farm land
regarding ‘cropping intensity’: (ii) The duration of lease and the
consideration amount is regulated
(i) Cropping intensity is calculated as by the government
the ratio of gross cropped area to (iii) The model act does not allow
net sown leasing of land for animal
(ii) It is less than 100% in India husbandry purposes
Select the correct answer using the Select the correct answer using the code
code given below: given below:
(a) (i) only (a) (i) only
(b) (ii) only (b) (i) & (iii) only
(c) (ii) only
(c) Both (i) & (ii)
347. Consider the following statements regarding electronic National
regarding Minimum Support Price Agriculture Market (e-NAM)
(MSP):
(i) MSP is calculated 50% over actual
(i) It will ensure that the people get the
paid out costs
agri-commodities at the same price
(ii) Government announces MSP for over the entire country
commercial crops also
53
(ii) Farmers can sell their agri-produce 354. Consider the following statements
through e-NAM sitting at their regarding organic foods in India:
homes without bringing it in the
physical APMC mandis (i) FSSAI regulates organic foods in
India
Select the correct answer using the (ii) Any food to be sold as ‘organic’ in
code given below: India must be certified through
(a) (i) only National Program for Organic
(b) (ii) only Production (NPOP)
(c) Both (i) & (ii) (iii) ‘Jaivik Bharat’ is a logo developed
(d) Neither (i) nor (ii) by FSSAI for organic products in
India
are true regarding the Model Select the correct answer using the
Agriculture Produce and Livestock code given below:
Marketing Act 2017? (a) (i) only
(b) (iii) only
(i) It allows private wholesale mandi (c) (i) & (iii) only
trade (d) All of the above
(ii) It allows contract farming
(iii) The law proposes a cap on 355. Consider the following statements
market/mandi fee regarding "Krishi Vigyan Kendras
(KVKs)":
given below: (i) KVKs are completely financed by
(a) (i) only Govt. of India
(b) (ii) only (ii) KVKs are financed jointly by Govt.
(c) (ii) & (iii) only of India and the State governments
(d) All of the above (iii) KVKs work as knowledge and
resource centre of agricultural
352. Which of the following statements technologies to make it available to
are true regarding the Model Contract farmers
Farming Act 2018? (iv) KVKs produce quality product to
make it available to farmers
(i) It proposes establishment of State
level Contract Farming Authority
(ii) FPOs are allowed to sign contract
code given below:
farming agreements with bulk
buyers
(b) (ii) & (ii) only
given below:
(a) (i) only
(b) (ii) only 356. Which of the following statements
(c) Both (i) & (ii) are true regarding “Farmer Producer
(d) Neither (i) nor (ii) Organization” (FPO):
353. Participatory Guarantee System for (i) It is a legal entity formed by

India (PGS-India) is related to which of farmers, fishermen, rural artisans
the following: etc.
(a) Organic Farming (ii) NABARD is providing support for
promotion of FPOs
(b) Patents
(c) Banking
code given below:
54
(a) (i) only (ii) The farmer is allowed to sell his
(b) (ii) only unbranded farm produce including
(c) Both (i) & (ii) seed of a variety protected under
(d) Neither (i) nor (ii) this act
regarding the scheme PM-KISAN: code given below:
(a) (i) only
(i) All the farmers are eligible without (b) (ii) only
any exception (c) Both (i) & (ii)
(ii) The scheme will not be inflationary (d) Neither (i) nor (ii)
in nature
Select the correct answer using the regarding “National Gene Fund”:
code given below:
(a) (i) only (i) It has been established under
(b) (ii) only Protection of Plant Varieties and
(c) Both (i) & (ii) Farmers Rights Act 2001
(d) Neither (i) nor (ii) (ii) It has been established under
Indian Patent Act 1970
358. Consider the following statements: (iii) It will receive benefit sharing from
(i) Fishing contributes around 1% in the breeder
overall GDP
(ii) Livestock contributes around 5% in Select the correct answer using the
overall GDP code given below:
(a) (i) only
Select the correct answer using the (b) (ii) only
code given below: (c) (i) & (ii) only
(a) (i) only (d) (i) & (iii) only
(b) (ii) only
(c) Both (i) & (ii) 362. FCI stores the food grains procured
(d) Neither (i) nor (ii) for the central pool in the following:
359. Consider the following statements: (i) FCI’s own godowns

(ii) Central Warehousing godowns
(i) India is the largest exporter of rice (iii) State Warehousing godowns
in the world (iv) Godowns hired from private sector
(ii) India is the largest producer of milk
in the world Select the correct answer using the
code given below:
code given below: (b) (i), (ii) & (iii) only
(a) (i) only (c) (ii) & (iv)
(b) (ii) only (d) All of the above
(c) Both (i) & (ii)
(d) Neither (i) nor (ii) 363. “Private Entrepreneurs Guarantee
Scheme” is related to which of the
360. Consider the following statements following?
regarding “Protection of Plant Varieties (a) Construction of Godowns in PPP
and Farmers Rights (PPVFR) Act 2001: mode
(b) Construction of Mega Food Parks
(i) The ‘Breeder’ of the new variety will by private developers
decide the royalty (c) Export promotion
(d) Promotion of MSMEs
55
364. Which of the following statements 368. The term ‘under-recovery’ was
are true regarding “Open Market Sale recently in the news, is related to which
Scheme”: of the following?
(a) It is done by Reserve Bank of India (a) Government spending more on the
to sell Govt. securities subsidies than the budgeted
(b) It is done by Food Corporation of amount
India to sell food grains (b) Cost incurred by PSU’s in providing
(c) It is done by Securities and subsidies
Exchange Board of India (SEBI) to (c) Government giving exemptions on
sell shares certain types of taxes
(d) It is done by companies listed on (d) Central government getting less
stock exchange to issue shares repayment on loans given to States
365. Consider the following statements 369. Consider the following statements
regarding “Central Issue Price” (CIP): regarding Urea subsidy:
(i) It is the price at which food grains (i) The subsidy amount is transferred
are issued to the state governments directly into farmers account
(ii) It is fixed by Food Corporation of (ii) The per kg subsidy amount is fixed
India and does not change with market
(iii) The present CIP for rice and wheat fluctuation
is Rs. 3/kg and Rs. 2/kg (iii) Price of Urea is regulated by the
respectively government
(a) (i) only (a) (i) & (ii) only
(b) (ii) & (iii) only (b) (ii) & (iii) only
(c) (i) & (iii) only (c) (iii) only
(d) (iii) only (d) All of the above
366. Consider the following statements 370. Consider the following statements
regarding the 20th Livestock Census: regarding the 'Nutrient Based Subsidy'
(NBS) Scheme.
(i) Uttar Pradesh has the largest
number of cattle populations (i) It is given for phosphatic and
(ii) Maharashtra has the largest potassic fertilizers
poultry population (ii) It is given for urea
(iii) The prices of fertilizers under
Select the correct answer using the nutrient based scheme are
code given below: regulated by the government
(a) (i) only
(iv) Subsidy is based on per kg of
(b) (ii) only
nutrients present in the fertilizer
(c) Both (i) & (ii)
code given below:
367. Recently the term “Economic
Threshold Limit” was there in the news.
It is related to which of the following? (b) (ii) & (iii) only
(c) (i) & (iv) only
(a) Potential GDP growth (d) (iii) & (iv) only
(b) Capacity utilization of the economy
(c) Pest management for crops
(d) Underground water level
56
371. Consider the following statements: (i) It is under ministry of Agriculture
and Farmers Welfare
(i) Minimum Export Price (MEP) is the (ii) The fund is utilized to grant
price below which exports are not working capital loan to central
permitted agencies
(ii) MEP is imposed to curb the price (iii) The scheme promotes direct
rise and prevent disruptions in purchase of farm produce from the
domestic supply farmers
(iii) Minimum Import Price (MIP) is the
price below which imports are not
code given below:
allowed
(a) (i) only
(iv) MIP is imposed to curb imports and (b) (i) & (ii) only
protect domestic producers (c) (ii) & (iii) only
code given below: 375. Consider the following statements
(a) (i) & (iii) only regarding the onion price spike last
(b) (ii) & (iii) only year:
(c) (ii), (iii) & (iv) only (i) Central government put stocking
(d) All of the above limits on retailers and wholesalers
under Essential Commodities Act
372. Consider the following statements 1955
regarding "Warehouse Receipts": (ii) National Agricultural Cooperative
Marketing Federation of India
(i) They are issued as per the (NAFED) and National Cooperative
Warehousing (Development & Consumers Federation of India
Regulation) Act 2007 (NCCF) provided onions at cheaper
(ii) Warehousing Development & prices in the markets
Regulatory Authority (WDRA) is (iii) NAFED and NCCF are registered as
under ministry of Commerce and Multi-State Cooperative Societies
Industry
(iii) Warehouse receipts are negotiable
code given below:
(iv) These receipts are govt. recognized
(a) (i) only
and can be used for taking loan
(b) (ii) only
code given below:
(a) (i) only 376. Which of the following statements
(b) (iii) & (iv) only are true regarding SAMPADA scheme?
(c) (i), (iii) & (iv) only (i) It is implemented by Ministry of
(d) All of the above Agriculture
(ii) It is implemented by Ministry of
373. Which of the following scheme is consumer affairs, food and public
not part of PM-AASHA distribution
(a) Price Support Scheme (iii) It will focus on agro-marine
(b) Price Stabilization Scheme processing
(c) Price Deficiency Payment Scheme
(d) Pilot of Private Procurement and Select the correct answer using the
Stockist Scheme code given below:
(a) (i) only
374. Consider the following statements (b) (i) & (iii) only
regarding Price Stabilization Fund (c) (ii) & (iii) only
(PSF): (d) (iii) only
57
377. Consider the following statements (i) It is an E-commerce as well as a
regarding ‘Operation Greens’: knowledge platform
(ii) It is an initiative of Ministry of
(i) It is under ministry of Food Agriculture (MoA)
Processing Industries (iii) Through this portal, buyers can
(ii) NAFED will be the nodal agency to avail organic products at their
implement it door step at much lower prices
(iii) It focusses on building post-harvest
processing facilities and agri-
Which of the statements given above
logistics
is/are correct?
Select the correct answer using the (a) (i) & (ii) only
code given below: (b) (ii) & (iii) only
(a) (i) & (ii) only (c) (i) & (iii) only
(b) (ii) & (iii) only (d) All of the above
(d) All of the above 381. Which of the following statements
are true regarding "International Fund
378. Which of the following statements for Agricultural Development" (IFAD):
are true regarding recently released
“Agriculture Export Policy 2018”: (i) It is a specialized agency of the
United Nations
(i) Double agricultural exports by (ii) It is a specialized agency of the
2022 World Bank Group
(ii) Double India’s share in world agri- (iii) It focuses on food production in
exports developing countries
(iii) This policy will play a major role in (iv) It focuses on eradicating rural
doubling farmers income poverty in developing countries

code given below:
given below:
(a) (i) only
(b) (i) & (ii) only
(b) (i), (iii) & (iv) only
regarding the ‘National Technical
Textile Mission’:
(i) The aim is to promote our domestic

market through research and
development
(ii) Our growth in technical textiles is
high as compared to the 4% world
average growth
code given below:
(a) (i) only
(b) (ii) only
(c) Both (i) & (ii)
380. Consider the followings statements

with reference to ‘Jaivik-kheti portal’:
58
382. Which of the following statements (ii) It is a socioeconomic survey
are true regarding “Inclusive growth”? conducted annually
(iii) It is conducted on rotating topics
(i) Inclusive growth is fuelled by
market driven sources of growth Select the correct answer using the
(ii) Inclusive growth focuses on code given below:
productive employment (a) (i) only
(iii) Inclusive growth focuses on income (b) (i) & (iii) only
redistribution (c) (iii) only
code given below: 386. Which of the following statements
(a) (i) & (ii) only are true regarding “Labour Force
Participation Rate”:
(a) Number of persons in the labour
force as a percentage of working
age population
383. Poverty Gap is defined as:
(b) Number of persons in the labour
(i) It is the ratio by which the mean force as a percentage of population
income of the poor falls below (c) Number of persons employed as a
poverty line as a proportion of percentage of labour force
poverty line (d) Number of persons searching for
(ii) It is used to reflect the intensity of job as a percentage of labour force
poverty
387. Match the following regarding how
Select the correct answer using the frequently they are conducted:
code given below:
(a) (i) only (i) Periodic Labour Force Survey
(b) (ii) only (ii) Economic Census
(c) Both (i) & (ii) (iii) Consumer Expenditure Survey
(d) Neither (i) nor (ii) (iv) Census
384. Consider the following statements 1. Decadal

regarding expenditure done by the 2. Quinquennial
General Government: 3. Annual
4. No fixed periodicity
(i) Expenditure on education is
around 3% Select the correct answer using the
(ii) Expenditure on health is around code given below:
1.5% (a) (i) – 4, (ii) – 2, (iii) – 4, (iv) – 1
(b) (i) – 3, (ii) – 4, (iii) – 2, (iv) – 1
Select the correct answer using the (c) (i) – 4, (ii) – 2, (iii) – 3, (iv) – 1
code given below: (d) (i) – 3, (ii) – 1, (iii) – 4, (iv) – 2
(a) (i) only
(c) Both (i) & (ii) regarding the “Periodic Labour Force
(d) Neither (i) nor (ii) Survey”:
385. Consider the following statements (i) It is conducted quinquennially

regarding National Sample Survey (ii) It is conducted for both rural and
(NSS): urban labour force
(i) It is conducted by National (iii) It collects data for urban labour on
Statistical Office (NSO) a quarterly basis
59
Select the correct answer using the 393. In a country, jobs are available but
code given below: still people are unemployed as there is
(a) (i) only a serious mismatch between what
(b) (i) & (ii) only companies need and what workers can
(c) (ii) only offer. This kind of unemployment is
(d) (ii) & (iii) only referred as:
389. Which of the following statements (a) Cyclical

are true regarding the findings of the (b) Structural
Periodic Labour Force Survey (PLFS) (c) Seasonal
Report 2017-18: (d) Frictional
(i) Overall Labour Force Participation 394. A person has left his current job
Rate is 36.9% and is looking for another job. He/ she
(ii) Labour Force Participation Rate of is facing which type of unemployment:
females is 17.5%
(iii) Unemployment rate is 6.1% (a) Structural
(b) Cyclical
(c) Frictional
code given below:
(d) He/ she will not be considered as
(a) (i) & (ii) only
unemployed
395. In case of disguised
unemployment, which of the following
will hold true:
390. The ratio of labour force in the
informal to formal sector in India is
(i) Marginal productivity of capital will
approximately:
(a) 50:50 be zero
(b) 70:30 (ii) Productivity of labour will be less
(c) 80:20
(d) 90:10
code given below:
(a) (i) only
391. The unemployment caused due to
(b) (ii) only
the workers living far from the regions
and are unable to move to the locations (c) Both (i) & (ii)
where jobs are available is an example (d) Neither (i) nor (ii)
of:
(a) Cyclical regarding an economy facing cyclical
(b) Frictional unemployment:
(c) Structural
(i) It may lead to inflation in the
(d) Disguised
economy
392. The unemployment caused due to (ii) It may lead to deflation in the
the workers lacking the requisite job economy
skills is an example of: (iii) It can be tackled through
expansionary monetary policy
(a) Cyclical (iv) It can be tackled through
(b) Structural expansionary fiscal policy
(c) Frictional
(d) Disguised Select the correct answer using the
code given below:
60
(a) (i) only 400. Consider the following statements
(b) (ii) only regarding “Pradhan Mantri Rojgar
(c) (i), (iii) & (iv) only Protsahan Yojana”:
(i) It is targeted for workers earning
397. Which of the following are true for wages up to Rs. 15000
underemployment? (ii) Government provides employees
contribution of the EPF
(i) Workers in job that do not utilize (iii) Government reimburses the
their skills employer contribution of EPS
(ii) Workers in low paying jobs as (iv) The scheme is applicable for MSME
relative to their skills sector only
(iii) Part time workers preferring full
time jobs Select the correct answer using the
(iv) Productivity of labour is low code given below:
(a) (i) & (ii) only
Select the correct answer using the code (b) (i), (ii) & (iv) only
given below: (c) (i) & (iii) only
(a) (i) & (ii) only (d) (iii) & (iv) only
(c) (ii), (iii) & (iv) only 401. Consider the following statements:
(i) Insurance penetration is measured
398. 'Demographic Dividend' is as the percentage of insurance
estimated/calculated in terms of which premium to GDP
of the following: (ii) Insurance density is measured as
the ratio of premium (in US dollar)
(a) Population to total population
(b) Total Fertility Rate (TFR)
(c) Working Age to Non-Working Age Select the correct answer using the
population ratio code given below:
(d) Additional per capita income (a) (i) only
growth (b) (ii) only
(c) (i) & (ii) both
regarding employment elasticity:
(i) It measures the percentage change
are true regarding ‘replacement level
in economic growth with respect to
fertility’?
1% increase in employment
(a) It is the level of fertility at which
(ii) Agriculture sector has more
population remains constant
employment elasticity as compared
(b) It is the level of fertility at which
to other sectors of the economy
population growth remains
constant
(c) It is the level of fertility at which a
code given below:
population exactly replaces itself
(a) (i) only
from one generation to another
(b) (ii) only
(c) Both (i) & (ii)
are true regarding India’s Total Fertility
Rate (TFR)?
61
(i) It is declining and is expected to go (a) Absolute poverty
below the replacement level fertility (b) Relative poverty
by 2021 (c) Both (a) & (b)
(ii) Once it goes below the replacement (d) None of the above
level fertility, the population will
stop increasing 407. Consider the following statements:
(i) Lorenz curve represent economic
Select the correct answer using the inequality
code given below: (ii) Kuznets curve represent the level of
(a) (i) only inequality associated with
(b) (ii) only economic development
(c) Both (i) & (ii)
code given below:
are true regarding minimum wages in (b) (ii) only
India? (c) Both (i) & (ii)
(i) The National Floor Level Minimum
Wage (NFLMW) is not binding on 408. Which one of the following
States statements represent ‘Headcount
(ii) There are different level of ratio’?
minimum wages across States
(iii) Minimum wages are different for (a) When the number of poor is
different category of employments estimated as the proportion of
people below the poverty line
Select the correct answer using the (b) When the number of poor is
code given below: estimated as the proportion of
(a) (i) & (ii) only people above the poverty line
(b) (ii) only (c) When the number of people is
(c) (ii) & (iii) only estimated as the proportion of
(d) All of the above people below the median income of
the country
405. Bhoothalingam Committee was (d) None of the above
formed with the purpose of:
409. The wage rates of MGNREGA
(a) Giving recommendations on workers are revised annually based on
revisiting forest laws in India and which index?
argued for merging all the existing
(a) CPI-Agricultural Labourers
forest laws into single law
(b) CPI-Rural Labourers
(b) Giving nationwide poverty
(c) CPI-Rural
estimates using PPP as basis
(d) CPI-Combined
(c) Giving recommendations on
Minimum Wage and argued for 410. The National Census is conducted
adoption of National Floor Level by which of the following offices/
Minimum Wage agencies:
(d) Of estimating unemployment data (a) Central Statistical Office (CSO)
in India (b) National Sample Survey Office
(NSSO)
406. “Absence of minimum income to get (c) Registrar General and Census
the minimum needs of life” is Commissioner, Ministry of Home
concerned with which of the following Affairs
types of poverty? (d) Census Bureau of India
62
411. Consider the following statements (a) Avoiding double taxation of income
regarding World Bank classification of with respect to social security taxes
countries: (b) Free market access for trade in
(i) It classifies the countries into three services
groups based on per capita Gross (c) Bilateral agreement between
National Income (GNI) countries to enable unrestricted
(ii) It uses nominal exchange rate for movement of labour
converting respective countries per
(d) Agreement among all the WTO
capita GNI into dollars
members to promote e-commerce
code given below:
(a) (i) only are correct regarding the United
Nations TIR Convention:
(b) (ii) only
(c) Both (i) & (ii)
(i) India is a member to the convention
(ii) India is planning to become a
member of the convention
(iii) It will facilitate seamless movement
(i) India’s GNP is greater than GDP
of goods amongst the parties to the
(ii) China’s per capita GDP is more
than four times of India’s per capita convention
GDP
(b) (ii) only (c) (i) & (iii) only
(c) Both (i) & (ii) (d) (ii) & (iii) only
413. Consider the following statements regarding ‘Generalized System of
regarding different types of Free Trade Preferences (GSP)’:
Agreements (FTAs):
(i) Special and differential treatment
(i) Customs Union is an FTA in which is offered to developing and least
members apply a common external developed countries
tariff schedule to imports from non- (ii) WTO defines developing and least
members developed countries for offering
(ii) Common Market is a customs GSP benefits
union where movement of factors of (iii) It is offered on reciprocal basis
production is relatively free
amongst member countries Select the correct answer using the
code given below:
(a) (i) only (d) (ii) & (iii) only
(b) (ii) only
(c) Both (i) & (ii) 417. Which of the following statements
(d) Neither (i) nor (ii) are true regarding ‘Compulsory
Licenses’?
414. The "Totalization Agreement" was
in the news is related to which of the (i) Compulsory licenses are granted
following: under the Patents Act 1970
63
(ii) It can be granted if the product in 421. Which of the following statements
question is sold at an unaffordable are true regarding “Duty Credit Scrip”?
price
(i) Loan/credit given by government
Select the correct answer using the for trade purpose
code given below: (ii) The scrip is expressed as a
(a) (i) only percentage of export turnover
(b) (ii) only (iii) It can be used/adjusted for
(c) Both (i) & (ii) payment of taxes
418. Which of the following statements code given below:
are true regarding “Financial Action (a) (i) only
Task Force”: (b) (i) & (iii) only
(i) It is an inter-governmental body of (d) (iii) only
which India is a member
(ii) It has been established to combat 422. Consider the following statements
money laundering and terrorist regarding the “Remission of Duties or
financing Taxes on Export Products (RoDTEP)”
scheme:
Select the correct answer using the (i) It is a WTO compliant scheme
code given below: (ii) It will replace Merchandise Exports
(a) (i) only from India Scheme (MEIS)
(b) (ii) only
(c) Both (i) & (ii) Select the correct answer using the
(d) Neither (i) nor (ii) code given below:
(a) (i) only
419. Arrange the countries in (b) (ii) only
descending order in terms of FDI (c) Both (i) & (ii)
inflows in India in 2018-19: (d) Neither (i) nor (ii)
(a) USA>Singapore>Mauritius>UAE 423. Consider the following statements

(b) Singapore>Mauritius>USA>UAE regarding the “Remission of Duties or
(c) Mauritius>Singapore>USA>UAE Taxes on Export Products (RoDTEP)”
(d) Singapore>UAE>Mauritius>USA scheme:
(i) The scheme will cover levies that
are not reimbursed currently
420. Match the column of Index and (ii) The scheme is for reimbursing the
which agency publishes it: CGST and SGST paid on various
(i) Corruption Perception Index products in case of exports
(ii) Index of Economic Freedom (iii) The scheme will make exports zero-
(iii) Global Economic Freedom Index rated
1. Transparency International Select the correct answer using the

2. Heritage Foundation code given below:
3. Fraser Institute (a) (i) & (ii) only
(a) (i) – 1, (ii) – 2, (iii) – 3
(b) (i) – 2, (ii) – 3, (iii) – 1 424. The term “Certificates of Origin” is
(c) (i) – 3, (ii) – 1, (iii) – 2 related to which of the following?
(d) (i) – 1, (ii) – 3, (iii) – 2
64
(a) It is used in granting of visas to 430. Which of the following is dependent
individuals on “QUOTA” assigned by IMF to its
(b) It is used in protection of member countries?
intellectual property rights across
the country (i) Financial resources that the
(c) It is used in international trade member country is obliged to
(d) None of the above provide IMF
(ii) Voting Rights
425. Which of the following statements (iii) SDR allocation to member
are true regarding the scheme “Nirvik”? countries
(iv) Borrowing capacity of a member
(a) It is an insurance scheme for the country
exporters
(b) It is related to internal security Select the correct answer using the
(c) It is a subsidy provided by the code given below:
government (a) (ii) only
(d) It is related to MSME credit (b) (ii) & (iii) only
(c) (i) & (iv) only
426. Consider the following statements: (d) All of the above
(i) Germany has the second largest 431. Consider the following statements:
gold reserve in the world
(ii) India is among the top 10 countries (i) The main source of World Bank
holding gold reserves funding is share capital of member
countries
Select the correct answer using the (ii) The main source of funds for
code given below: International Monetary Fund (IMF)
(a) (i) only is borrowing from specific member
(b) (ii) only countries
(c) Both (i) & (ii)
code given below:
427. ‘Logistics Performance Index’ is (a) (i) only
released by which of the following (b) (ii) only
institutions? (c) Both (i) & (ii)
(a) World Bank (d) Neither (i) nor (ii)
(b) IMF
(c) World Economic Forum 432. Consider the following statements
(d) United Nations Conference on regarding the "Most Favoured Nation
Trade and Development (UNCTAD) (MFN)" principle of WTO trade:
(i) A member country can grant more
428. ‘World Migration Report’ is released favours to the other member
by which of the following institution? country
(ii) MFN is basically a principle of non-
(a) World bank discriminatory trade
(b) IMF (iii) Free Trade Agreements have been
(c) World Economic Forum exempted from the MFN principle
(d) United Nations
429. "Which countries are eligible to
code given below:
become member of BRICS Bank?"
(a) (i) only
(a) Any Country
(b) Members of United Nations
(c) (ii) only
(c) Members of World Bank or IMF
(d) Any 'developing' country (d) (ii) & (iii) only
65
433. Which of the following measures (ii) It is easy for the trading partners of
are considered as prohibitive under the country A to impose anti-dumping
Agreement on ‘Trade Related duty against A
Investment Measures (TRIMS)’ under (iii) Market economy status is related to
WTO? IMF
(i) Local content requirement
(ii) Export obligation Select the correct answer using the
(iii) Technology transfer requirement code given below:
(iv) Domestic employment (a) (i) & (ii) only
code given below:
(a) (i) only
regarding ‘Trademarks’:
(i) Trademarks can last for indefinite
time period
434. Which of the following are imposed (ii) Trademarks are assignable
in case a country’s government is (iii) Protected through ‘Trade Marks Act
subsidizing its exporters? 1999’
(a) Anti-Dumping Duty Select the correct answer using the

(b) Counter-vailing Duty code given below:
(c) Safeguard Duty (a) (i) only
(d) Customs Duty
(c) (iii) only
are true regarding ‘Safeguard Duty’:

(i) It is a WTO compliant measure
regarding ‘Trade secrets’:
(ii) It is imposed when there is an
increased import of particular
(i) No registration is required to
product
protect trade secrets
(iii) It is imposed as an additional
(ii) It can be protected for unlimited
import duty
time period
(iii) To qualify as a trade secret, the
information should have
code given below:
(a) (ii) only commercial value
(b) (ii) only
code given below:
(a) (i) only
436. Country A has not been granted (b) (i) & (iii) only
"market economy status" by its group (c) (iii) only
partners. Which of the following (d) All of the above
statements are true?
(i) Prices of majority of products in the
country A is regulated by the (i) PM Kisan will fall under “Green
government Box” in WTO subsidies
(ii) Peace Clause under WTO is still
continuing
66
Select the correct answer using the 444. Which agency/institution releases
code given below: the “Social Mobility Index”?
(a) only
(b) only (a) World Economic Forum
(c) Both (i) & (ii) (b) World Bank
(d) Neither (i) nor (ii) (c) OECD
are true regarding the “Multilateral
Convention to Implement Tax Treaties
Related Measures”?
(i) India has ratified the Treaty

(ii) It has come into force
(iii) It will replace double taxation
avoidance agreements

code given below:
(a) (i) only
(b) (i) & (ii) only
(d) (iii) only
441. Which of the following institution is

not part of World Bank Group?
(a) International Finance Corporation

(b) The Multilateral Investment
Guarantee Agency
(c) The International Centre for
Settlement of Investment Disputes
(d) Food and Agricultural Organization
442. ‘Harmonized System of

Nomenclature’ (HSN) was recently in
the news, is related to which of the
following?
(a) Classification of goods in

international trade
(b) International financial transactions
(c) Space technology
(d) Classification of seeds and plants
443. “Annual Observance Report” is

published by which
institution/agency?
(a) IMF
(b) World Bank
(c) RBI
(d) OECD
67
445. Which ministry/department grants is a publicly listed government
"Infrastructure Status" to the various company
sectors: (ii) The recently launched “Tejas
Express” is being run by private
(a) Department of Economic Affairs, players
Ministry of Finance
(b) Department of Financial Services, Select the correct answer using the
Ministry of Finance code given below:
(c) Reserve Bank of India (RBI) (a) (i) only
(d) None of the above (b) (ii) only
(c) Both (i) & (ii)
446. Which of the following has been (d) Neither (i) nor (ii)
granted infrastructure status?
450. “Public Private Partnership
(i) Multi-modal logistics park Appraisal Committee (PPPAC)” is under
(ii) Cold Chain which ministry/department?
(iii) Affordable Housing
(iv) Soil-testing laboratories (a) Department of Economic Affairs
(DEA)
Select the correct answer using the (b) Department of Investment and
code given below: Public Asset Management (DIPAM)
(a) & (ii) only (c) Ministry of Road, Transport and
(b) (i), (ii) & (iii) only Highways
(d) Ministry of Railway
(c) & (iv) only
447. Consider the following statements regarding “Air India”:
regarding the services sector in India: (i) Air India was nationalized in early
1960s
(i) Services sector receives 2/3 of total (ii) 100% FDI is allowed in Air India by
FDI inflows in India foreign entities
(ii) Services sector accounts for around
40% of our total exports
code given below:
(a) (i) only (c) Both (i) & (ii)
(b) (ii) only (d) Neither (i) nor (ii)
(c) Both (i) & (ii)
(d) Neither (i) nor (ii) 452. Consider the following statements
regarding “National Pharmaceuticals
448. Which of the following sectors have Pricing Authority” (NPPA):
(i) It is under ministry of health and
the highest allocation in “National
Infrastructure Pipeline” (NIP)? family welfare
(ii) It fixes/revises the prices of
(a) Energy controlled drugs
(b) Road (iii) It implements the provisions of
(c) Rail Drug Price Control Order (DPCO)
(d) Urban
(a) (i) only
(i) Indian Railway Catering and (b) (i) & (iii) only
Tourism Corporation Ltd. (IRCTC) (c) (ii) & (iii) only
68
453. In light of the recent COVID-19 (i) Share of Gold imports in total
pandemic, which of the following acts merchandise imports has steadily
were invoked in reference to ‘masks’ decreased in the last decade
and ‘hand sanitizers’: (ii) Share of Petroleum, Oil and
Lubricants (POL) in total
(i) Essential Commodities Act 1955 merchandise imports has steadily
(ii) Prevention of Black marketing and increased in the last decade
Maintenance of Supplies of
Essential Commodities Act, 1980 Select the correct answer using the
(iii) Disaster Management Act 2005 code given below:
(a) (i) only
Which of the statements given above (b) (ii) only
is/are correct? (c) Both (i) & (ii)
(a) (i) only (d) Neither (i) nor (ii)
(c) (ii) & (iii) only 457. The theme for 2019-20 economic
(d) All of the above survey is:
(a) Wealth creation
(b) Investment led growth
(c) Domestic consumption led growth
regarding multi-brand FDI in retail:
(d) Welfare
(i) 51% FDI is allowed in inventory-
based model of e-commerce
458. The philosophy of “Invisible hand”
(ii) 51% FDI is allowed in brick and
was given by:
mortar model
(iii) 100% FDI is allowed in all models
(a) Adam Smith
for food products sourced from
(b) Karl Marx
Indian farmers or manufactured in
(c) Milton Freidman
India
(d) John Maynard Keynes
459. The budget of 2020-21 is focussed
code given below:
on three themes. Which of the following
(a) (ii) only
is not one of them?
(b) (iii) only
(a) Aspirational India
(b) Economic Development
(c) Caring Society
(d) Skilled India
(i) India’s share in world merchandise
exports is less than 2%
(ii) India is the second largest
460. The term ‘Rent seeking’ refers to
manufacturer of mobile phones in
which of the following?
the world
(a) Excessive rent collected by the
owners because of rise in demand
code given below:
(b) Practise of manipulating public
(a) (i) only
policy as a strategy to increase
(b) (ii) only
profits
(c) Both (i) & (ii)
(c) Higher prices collected by business
entities by forming cartels
(d) Manipulating profits by inflating
costs
with respect to India’s imports
69
regarding the "Zero Defect, Zero Effect (b) (i) & (ii) only
(ZED)" scheme: (c) (ii) & (iii) only
(i) The scheme is for MSME sector
(ii) It ensures producing high-quality 464. Which of the following are part of
manufacturing products the 'Index of Industrial Production
(iii) It ensures minimal negative impact (IIP)'?
on environment.
(iv) It is a cornerstone of the flagship (i) Mining and quarrying
Make in India programme (ii) Electricity generation
(iii) Construction
Select the correct answer using the (iv) Forestry
code given below:
(a) (i) & (iv) only code given below:
(b) (ii) & (iii) only (a) (i) & (ii) only
(c) (i), (ii) & (iii) only (b) (ii) & (iii) only
(d) All of the above (c) (i), (ii) & (iii) only
regarding the "Common Services 465. Which of the following statements
Centre (CSC)": are correct regarding the "SMILE"
scheme:
(i) They are part of the Digital India
programme (a) It is linked to providing credit to
(ii) They are implemented on public MSME enterprises under Make in
private partnership modal India
(iii) They are provided exclusively by (b) It is linked to providing financial
the government support by Govt. of India for
(iv) They act as access points for women and SC/ST entrepreneurs
delivery of various electronic (c) It is a scheme to provide support to
services small and marginal farmers for
allied activities
code given below:
(a) (i) & (ii) only 466. Which of the following statements
(b) (i) & (iii) only are true regarding the "Open Acreage
(c) (iii) & (iv) only Licensing Policy (OALP)"?
(d) (i), (ii) & (iv) only
(i) The policy is for oil and gas sector
463. Which of the following statements (ii) Any private developer can
are true for the Regional Connectivity participate without experience of oil
Scheme (RCS)/UDAN: and gas sector
(i) Connects unserved and (iii) Private players can suggest to
underserved airports Government to put specific blocks
(ii) Government provides Viability Gap on bid
Funding (VGF) (iv) The policy is a part of the New
(iii) There will be multiple players Exploration Licensing Policy
operating on each route
Select the correct answer using the code code given below:
given below: (a) (i) & (ii) only
70
(b) (ii) & (iii) only 471. Which of the following statements
(c) (i) & (iii) only are not correct regarding "Shell
(d) (ii) & (iv) only Companies":
467. The term "Graded Surveillance (a) They are generally involved in
Measure" recently seen in the news is money laundering and tax
related to which of the following: avoidance activities
(b) They generally do not hold any
(a) Security of Indian coastal areas assets in real
(b) Companies listed on stock (c) They are defined as illegal entities
exchanges as per the Company Act 2013
(c) ISRO's satellite programme (d) They do not have any active
(d) IMF monitoring various economies business operations
468. Which of the following statements 472. Which of the following statements
are true regarding the SAUBHAGYA are correct regarding Ujjwala Scheme?
scheme recently launched:
(i) It plans to provide free LPG
(i) The scheme aims to particularly connections to BPL families
electrify the villages (ii) It provides free/subsidized LPG
(ii) Government will be providing cylinders to BPL families
subsidized electrification to rural (iii) The connections will be issued in
and urban households the name of the women of the
(iii) Government will be providing households
subsidy on electricity consumption
(a) (i) only (b) (i) & (iii) only
(b) (ii) & (iii) only (c) (ii) & (iii) only
(c) (ii) only (d) All of the above
469. Which of the following regarding "Bharatmala" Project:
Ministries/departments releases the
"core industries" output data: (i) It is a part of National Highway
Development Programme (NHDP)
(a) Department for Promotion of (ii) It will particularly build border and
Industry and Internal Trade (DPIIT) international connectivity roads
(b) National Statistical Office (NSO) (iii) State PWDs will also be involved for
(c) Department of Economic Affairs its execution
470. The term "roll-on roll-off" recently code given below
in the news is related to which of the (a) (i) only
following: (b) (ii) only
(a) Transportation of vehicles through (d) (iii) only
ships
(b) Connecting two ports through 474. Consider the following statements
dedicated shipping channel regarding "Invest India":
(c) Railway engines and wagons
(d) Dedicated freight corridors (i) It is a non-profit agency
71
(ii) It is an agency under Dept. of (c) Captive mining of coal by
Economic Affairs government and private companies
(d) Government conducting auction to
Select the correct answer using the award coal blocks
code given below:
(a) (i) only 478. The term “Open access” in
(b) (ii) only electricity means which of the
(c) Both (i) & (ii) following:
(a) Large consumers have access to
475. Which of the following statements the transmission and distribution
are true regarding "India Infrastructure network to obtain electricity from
Finance Company Limited (IIFCL)": the suppliers of their choice
(b) Large consumers can choose the
(i) It is a non-Government company distribution company of their
(ii) It is an NBFC registered with RBI choice
(c) Any consumer of electricity can
Select the correct answer using the also generate electricity from their
code given below: own resource and can feed on to
(a) (i) only the distribution network.
(b) (ii) only (d) Distribution companies can choose
(c) Both (i) & (ii) from which of the power producers
they want to purchase power
without government interference
are true regarding "Serious Fraud
are true regarding “Swiss challenge”?
Investigation Office (SFIO)":
(a) It is a game
(i) It is under Dept. of Economic
(b) It is a method of awarding projects
Affairs, Ministry of Finance
by the government
(ii) It is under Ministry of Corporate (c) It is related to lottery business
Affairs (d) None of the above
(iii) It is an executive body established
through government resolution 480. Central Government has started
(iv) It has been established under an awarding airport projects under a new
Act model of PPP. Under this model the
basis of selection of the private
Select the correct answer using the operator is:
code given below
(a) (i) & (iii) only (a) Percentage Profit sharing
(b) (i) & (iv) only (b) Percentage Revenue sharing
(c) (ii) & (iii) only (c) Per passenger fee given to Govt.
(d) (ii) & (iv) only (d) Per passenger fee charged by
passengers
477. As per the Coal Mines (Special
Provisions) Act 2015, government has 481. Consider the following statements:
allowed:
(i) Share of MSME sector is around
(a) Mining and sale of coal by private 30% in overall GDP of our country
companies without end use (ii) Share of MSME sector is around
restriction 40% in overall exports of the
(b) Mining of coal by private companies country
with end use restriction
72
Select the correct answer using the statutory body first should come first
code given below: in the order.
(a) (i) only
(b) (ii) only (i) Pension Fund Regulatory
(c) Both (i) & (ii) Development Authority (PFRDA)
(d) Neither (i) nor (ii) (ii) Insurance Regulatory and
Development Authority of India
482. The term “MCA21” is related to (IRDAI)
which of the following: (iii) Securities and Exchange Board of
India (SEBI)
(a) It is an e-governance project
(b) It is a group of companies Select the correct answer using the
registered under SEBI code given below:
(c) It is a survey done by NSO (a) (ii) - (i)- (iii)
(d) It is a code used in space (b) (iii) – (ii) – (i)
technologies (c) (i) – (ii) – (iii)
(d) (ii) – (iii) – (i)
regarding “Concessional Finance 486. What do you understand by the
Scheme”: term “Circular Economy” often seen in
(i) Under the scheme, projects are news?
selected by Ministry of External
Affairs (a) It refers to an industrial system
(ii) Under the scheme, Govt. of India that is restorative or regenerative in
gives 2% interest subsidy nature
(iii) The scheme is operated through (b) It refers to the cyclical booms and
EXIM Bank of India recession in an economy
(c) It refers to a “Closed Economy” that
Select the correct answer using the primarily relies on internal trade
code given below: (d) It refers to a system in which there
(a) (i) & (ii) only is Cyclical correlation between
(b) (i) & (iii) only savings and investment
(c) (iii) only
487. The term ‘bilateral netting’ is
related to which of the following?
(a) Power sector contracts
(b) Financial contracts
regarding the ‘National Statistical
(c) Inter-government contracts
Commission’ (NSC):
(d) Tax avoidance related contracts
(i) It was set up on the
recommendations of the
Rangarajan Commission
regarding the newly launched “Toll-
(ii) The chief Statistician of India is the
Operate-Transfer (TOT) model in the
secretary to the commission
road sector:

(i) Toll revenue collection rights are
code given below:
auctioned to private players for
(a) (i) only
long term
(b) (ii) only (ii) Toll revenue need to be shared with
(c) Both (i) & (ii) the government authority
(d) Neither (i) nor (ii) (iii) Already constructed roads are
given to private players
485. Arrange the following in the correct
the correct chronological order i.e. the Select the correct answer using the
one which was established as a code given below:
73
(a) (i) only (b) (i) & (ii) only
(b) (ii) only (c) (iii) only
(c) (i) & (iii) only (d) (ii) & (iii) only
(d) (ii) & (ii) only
489. Consider the following statements: 492. Consider the following statements
regarding “BharatNet” project:
(i) India has total power generation
capacity of more than 350 GW (i) It will provide broadband
(ii) Renewable energy share is more connectivity to all the 2.5 lakh
than 25% gram panchayats
(ii) It is implemented through
Select the correct answer using the Universal Service Obligation Fund
code given below: (USOF)
(a) (i) only
(b) (ii) only Select the correct answer using the
code given below:
(c) Both (i) & (ii)
(a) (i) only
(b) (ii) only
(c) Both (i) & (ii)
regarding ‘National Investment and (d) Neither (i) nor (ii)
Infrastructure Fund’ (NIIF):
(i) It is meant for both greenfield and regarding the SFURTI scheme:
brownfield project
(ii) It will invest into infrastructure (i) It is implemented by ministry of
projects and infrastructure MSME
financing companies like NBFCs (ii) It promotes cluster-based
(iii) It will raise funds from both development
domestic and international sources
(a) (ii) only (b) (ii) only
(b) (ii) & (iii) only (c) Both (i) & (ii)
(c) (iii) only (d) Neither (i) nor (ii)
494. Which of the following are the main
components of KUSUM scheme?
are true regarding Universal Service (i) Installation of grid connected solar
Obligation Fund (USOF)? power plants in remote areas
(ii) Installation of standalone off-grid
(i) This fund is under Dept. of solar water pumps
Telecommunication (iii) Solarization of existing grid-
(ii) This fund is used to provide ICT connected agricultural pumps
services in rural and remote areas
(iii) This fund is created out of the Select the correct answer using the
budgetary resources of Govt. of code given below:
India (a) (i) & (ii) only
(a) (i) only
74
495. The main objectives of setting up (c) Directorate General of Civil
Special Economic Zones (SEZ) are: Aviation (DGCA)
(d) Ministry of Civil Aviation
(i) Generation of additional economic
activity 499. Credit Rating Agencies are
(ii) Promotion of investment from regulated by which
foreign sources ministry/department/agency?
(iii) Creation of employment
opportunities (a) Reserve Bank of India
(b) Securities and Exchange Board of
Select the correct answer using the India
code given below: (c) Ministry of Corporate Affairs
(a) (i) & (iii) only (d) Ministry of Finance
(b) (i) only
(c) (iii) only 500. Which of the following statements
(d) All of the above are true regarding the term ‘Force
Majeure’ which was recently in the
496. Which of the following statements news?
are true with reference to Special
Economic Zones (SEZ)? (i) It is generally treated as a breach of
contract
(i) SEZ units may import/procure (ii) Unforeseeable circumstances that
goods and services from Domestic prevent someone from fulfilling a
Tariff Area (DTA) without payment contract
of customs/import duty (iii) Includes an Act of God or natural
(ii) Customs duty is imposed on sale disasters, war or war-like
from SEZ to DTA situations, epidemics, pandemics,
(iii) SEZ units should be net foreign etc.
exchange earners
code given below: (a) (i) & (iii) only
(a) (i) only (b) (ii) & (iii) only
(b) (i) & (iii) only (c) (iii) only
(c) (iii) only (d) All of the above
497. Arrange in decreasing order the

percentage share in power generation
capacity:
(a) Private > Central > States

(b) Central > Private > States
(c) Private > States > Central
(d) Central > States Private
498. Which of the following

agency/ministry regulates tariffs for
aeronautical services at the airports?
(a) Airport Authority of India (AAI)

(b) Airport Economic Regulatory
Authority (AERA)
75

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1. Which of the following are included as 5.

Consider the following statements

(a) One month Select the correct answer using the

(i) Production of consumption goods 21. Which of the following statements

44. Consider the following statements

(i) Value of export of services is equal

Select the correct answer using the

45. Consider the following statements

(i) Exports (of goods and services) as a

Select the correct answer using the

(a) An overvalued currency will boost (i) There is an international authority

90. Mergers and Acquisitions of 93. Consider the following statements

(i) Relying on short term financing to

(i) It will provide liquidity to investors

(a) (i) & (ii) only

160. "Government offers above market (i) Forex swap

(i) Increase in effective demand (i) Deflation

(a) Increase in aggregate demand (i) It increases consumption levels

199. Which of the statements are correct

(a) Regional Rural Banks (RRBs) (i) It is applicable for Urban-

(i) It is applicable for all govt. and (i) Non-Performing Assets of

217. Foreign Direct Investment (FDI) in

(a) Department of Economic Affairs

Select the correct answer using the

(a) Department of Investment and (i) Masala bonds

262. Consider the following statements: (i) It is an agreement between a tax

278. Which of the following is/are (i) Nominal GDP

(i) Treasury Bills (a) Debt creating capital receipts

341. The "Internal and Extra Budgetary

(i) Profit of the CPSUs

Select the correct answer using the code

342. Consider the following statements

(i) It allows faceless assessment of

Select the correct answer using the

343. Consider the following statements

(i) It is only for direct taxes

Select the correct answer using the

353. Participatory Guarantee System for (i) It is a legal entity formed by

359. Consider the following statements: (i) FCI’s own godowns

Select the correct answer using the

(i) The aim is to promote our domestic

380. Consider the followings statements

384. Consider the following statements 1. Decadal

385. Consider the following statements (i) It is conducted quinquennially

389. Which of the following statements (a) Cyclical

(a) USA>Singapore>Mauritius>UAE 423. Consider the following statements

1. Transparency International Select the correct answer using the

(a) Anti-Dumping Duty Select the correct answer using the

438. Consider the following statements

(i) India has ratified the Treaty

Select the correct answer using the

441. Which of the following institution is

(a) International Finance Corporation

442. ‘Harmonized System of

(a) Classification of goods in

443. “Annual Observance Report” is

Select the correct answer using the

497. Arrange in decreasing order the

(a) Private > Central > States

498. Which of the following

(a) Airport Authority of India (AAI)

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