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economics > economics and agri static > Flashcards

economics and agri static Flashcards

1
Q

Impossible trinity ?

A

Fixed exchange rate
free capital flow
Independent monetary policy

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2
Q

NEER currencies basket weightage ?

If NEER increases, currency _______? ( appreciates or depreciates )

If NEER increases, trade competitiveness of India products ______? ( increases or decreases )

A

US- 30%, Europe - 20%, China- 40%, Japan - 10%
appreciates
Decreases

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3
Q

Global depository receipts are shares issued by _____ companies in __________ share market

( domestic, foreign)

A

domestic
foreign

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4
Q

Tax Buoyancy refers to?

Tax buoyancy greater than 1 signifies that ?

A

the responsiveness of tax revenue receipts to changes in national income.

tax revenues grow at a faster rate than the growth in national income.

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5
Q

___________ Committee Recommendations
* The combined debt-to-GDP ratio of the centre and states should be brought down to 60% by 2023
(comprising of 40% for the Centre and 20% for states)

A

N K Singh

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6
Q

Off budget borrowing - OBBs refer to ???

A

borrowings that are not reflected in the budget, even though budgetary resources will have
to be used for their repayment.
o Thus, OBB is not part of the calculation of the fiscal indicators despite fiscal implications

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7
Q

Article 293 (3) of the Constitution.
???

A

Article mandates States to take consent of the Centre before raising any loan if they have any
outstanding loan to the Centre or loans where the Centre is the guarantor

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8
Q

Types of G-Secs

Treasury Bills (T-bills) * These are short term debt instruments issued by the Centre in three tenors,
namely, ___ day, ___ day and ___ day.
* They are zero coupon securities and pay no interest. Instead, they are issued
at a discount and redeemed at the face value at maturity

Cash Management
Bills (CMBs)
* CMBs are similar to T-bills but are issued for maturities _____________.

State Development
Loans (SDLs)
* SDLs are __________

A

91, 182, 364

less than 91 days

dated securities issued through normal auctions by the State Governments similar to Dated G-Secs.

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9
Q

G-Secs are issued through auctions conducted by RBI on its electronic platform called the
___________

A

E-Kuber

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10
Q

GST Council is a constitutional body established by the President under the Article _______

A

279A

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11
Q

The idea of a nationwide GST in India was first proposed by the___________ in
2000

A

Kelkar Task Force on indirect taxes

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12
Q

GST council

Decision-making through voting: Decision requires a _________ majority of members
present and voting.
Centre’s share is _______ of votes cast

A

3/4th
33%

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13
Q

National Statistical Commission (constituted in 2006) acts as an apex advisory body on statistical
matters.
o It was created on the recommendations of the __________ Commission

A

C. Rangarajan

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14
Q

Place in Seventh Schedule: The subject ‘Statistics’ is covered in _________list

A

Entry 94 of the Union List (List – I) and
Entry 45 of the Concurrent List (List – III).

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15
Q

Primary agri credit society is regulated by ____

A

registrar cooperative

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16
Q

Certificate of deposit ____ months, ____ months or ___months

Commercial papers ___ days or __ months

A

3, 6, 12

270 days, 9

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17
Q

shares of NSE are held at _______

A

central depository service limited

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18
Q

SEBI Can regulate any money pooling scheme worth Rs.__ cr or more

A

100

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19
Q

Press Note 3 (PN3) stipulations: PN3 requires that _____________
PN3 does not apply to______ investments

A

an entity of a country that shares a
land border with India can invest only under the Government route.

FPI

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20
Q

What is the effect of a stronger currency on trade?
A. It contributes to lower trade deficits as exports become more competitive
B. It contributes to higher trade deficits as imports become more attractive to domestic consumers
C. It has no significant effect on trade
D. It leads to a decline in overall economic growth

A

B

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21
Q

Preferential trade agreement
FTA
custom union
Common market
economic union

A
  1. countries agree to reduce duties on agreed product
  2. Countries reduce tariff on inter-trade
  3. all members together apply tariff on products of non-member
  4. it is a custom union where members allow movement of labour and capital
  5. not just allow labour and capital but also form common policies ( monetary and fiscal)
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22
Q

does South Asian Free Trade Area (SAFTA) under SAARC would be said custom union or common market?

A

NO

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23
Q

Investment Facilitation Agreement at WTO:

o Launched in _______ by a group of developing and least-developed WTO members. It is a joint initiative
aims at developing a multilateral agreement on Investment Facilitation for Development that will
improve investment and business climate.
o does it include India?

A

2017
NO

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24
Q

Phosphate rocks are majorly produced only from two
States in India, namely ____ and ____
At most places, Phosphorus coexists with _______

A

Rajasthan and Madhya
Pradesh
Cadmium

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25
Q

Countries must first join the __ to be eligible to join the ______________

fill up with
world bank and IMF

A

IMF
world Bank Group

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26
Q

Fertilizers are classified as Primary,
Secondary and Micronutrients.

o Primary fertilizers are further classified on the type of nutrients they supply to soil such as____

o Secondary fertilizer includes _____ while micronutrients include______

A

nitrogenous (urea), phosphatic (Di-Ammonium Phosphate (DAP)) and potassic (muriate of potash
(MOP)) fertilizers. or nitrogen (N), phosphorus (P), and potassium (K)

calcium, magnesium, and Sulphur (CAMASUtra)

iron, zinc, boron, chlorid

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27
Q

Irrigation Projects in India are classified into three categories, viz. Major, Medium and Minor
Irrigation.
o Major Irrigation Projects: Cultivable Command Area (CCA) of more than ________ hectares.
ü Cultivable Command Area (CCA) is an area which can be physically irrigated from a scheme and
is fit for cultivation.
o Medium Irrigation projects: CCA of less than ____hectares but more than ____ hectares.
o Minor Irrigation Projects: CCA of ____hectares or less

A

10,000,10,000 , 2,000,2,000

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28
Q

WPI index is released by______
* ________________ releases All India
consumer price index.

A

Economic Advisor in the Ministry of
Commerce and Industry.

The National Statistical Office (NSO), Ministry of Statistics
and Programme Implementation (MoSPI)

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29
Q

________ country is first in inland capture of fish

India is ____ in aquaculture

A

India
2

30
Q

Indian states

Egg production first -
milk production first -
Meat production
Wool production

A

Andra
UP
UP
Rajasthan

31
Q

Social Impact Bond (SIB)
* A SIB is an innovative financing mechanism in which governments enter into agreements with social
service providers, such as NGOs, and investors to pay for the delivery of pre-defined social outcomes.
*
who created India’s first Social Impact Bond (SIB).<?____

A

The Pimpri Chinchwad Municipal Corporation (PCMC) in Maharashtra’s Pune district signed a
Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) India

32
Q

NABARD
* Genesis: It came into existence on the recommendation of ___________committee in 1982 by the NABARD Act, 1981
Administered by the Ministry of _________

A

B. Sivaraman
Finance

33
Q

Rice varieties - created by ICAR ___________
Wheat varieties __________
Rati ML 365 is a variety of?

Solapur Lal is ?_______

A

Jaya (first rice variety released in India), Swarna, Pusa Basmati 1121 (world’s longest
basmati rice)

Wheat varieties - HD 2967, DBW 187
pigeon pea

first biofortified pomegranate variety

34
Q

Name of world’s first cloned buffalo calf by India
Name of the world’s first in-vitro fertilized
buffalo calf?

A

Samrupa
Pratham,

35
Q

The Mines and Minerals (Development and Regulation) Amendment Bill, 2023

What is the validity period of the Exploration License (EL) introduced in the Mines and Minerals (Development and Regulation) Amendment Bill, 2023?

A) Three years
B) Five years
C) Seven years
D) Ten years

_________ will conduct auction, _____ will give license

(Central, state govt)

A

B
central govt, state govt

36
Q

For India, major import sources include- Cobalt _________; Lithium (_________); Nickel (____________

A

(China, US and Japan)
Chile, Russia and
China
Sweden and China)

37
Q

ISI mark issued by ?
AGMARK ?
BIS Hallmark is issued for?
FPO mark issued by?
Indian Organic ?

A

BIS
Directorate of marketing and Inspection - Min of Agriculture
GOLD
FSSAI
Agriculture and processed food product export development authority

38
Q

APEDA was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act of 1985.

It works under the Ministry of _____________.
Objective: To develop and promote the export of scheduled products.
The products specified under the APEDA ACT are called scheduled products, and exporters of such scheduled products are required to register under APEDA.

does it provide financial assistance to development of scheduled products ?__________

It provides information, and guidelines for the development of scheduled products.
Headquarters: __________

A

Commerce and Industry
YES
New Delhi

39
Q

Bureau of Indian Standards (BIS)
established under the ______ Act, replacing the
then Indian Standards Institution (ISI)
o It works under the aegis of Ministry Of _________

A

BIS
Consumer Affairs,

40
Q

A start-up is a start-up acc to DPIIT
if it is not older than ___ years
and It has turnover less than ___ crore

Ministry of Corporate Affairs (MCA) has defined “start-up” through an executive order under the
_____ Act

A

10
100 crore
Companies

41
Q

Competition Commission of India
* Genesis: It is a statutory body created via the __________
Ministry: Ministry of Corporate Affairs.
* Composition: Chairperson and at least __ to maximum ___ other members to be appointed by the
central government.
o Term of office of chairperson and members is ___years or the age of __ years whichever is earlier.

are they eligible for reappointment ??

A

Competition act, 2002.
2, 6, five ,65

Yes

42
Q

Companies need to spend a minimum ___% of its average
net profit for its preceding ___ financial years’ amount on
CSR activities.

CSR applicable to companies
Net profit - _____
net worth - ________
turnover - ________

A

2
three
5 crore
500 crore
1000 crore

43
Q

Central Electricity Authority (CEA)
* About: Statutory Organization under _____act. It works under the Ministry of _____

A

Electricity Act, 2003
Power

44
Q

Central Electricity Regulatory Commission (CERC):

CERC is a statutory body established by the Government of India under the provisions of the _________________act.
It is responsible for regulating the tariffs of power generated by generating companies, inter-State transmission of electricity, and for promoting competition, efficiency, and economy in the electricity sector.

Ministry of ___

A

Electricity Regulatory Commissions Act, 1998
power

45
Q

_____________ adjudicates upon the disputes between the licensees, and generating companies and transmission licensees.

A. Central electricity regulatory commission
B. Central Electricity Authority

A

A

46
Q

Appellate tribunal for electricity is established under ________act

it hears cases against the decisions of ______

A

Electricity act
Central electricity regulatory commission

47
Q

Critical minerals are ?

A

elements that are the building blocks of essential modern-day technologies and are
at risk of supply chain disruptions

48
Q

Insurance Density measures ????________
Insurance Penetration measures ????_________

A

how much insurance each person buys on average.- (premium/ pop)

how much of a country’s economy is spent on insurance. ( premium / GDP)

49
Q

Insurance Regulatory and Development Authority of India (IRDAI)
* Genesis: Formed as a statutory body under an Act of Parliament, i.e., _________Act
* HQ: ___________
* Ministry:_____________

A

IRDAI act 1999
Hyderabad, Telangana
Ministry Of Finance, Department of Financial Services.

50
Q

Five year plan holidays were in ?

A

1966-69, 1979-80

51
Q

During the year 2021-22, mineral production was reported from 19 States of which the bulk of
value of mineral production of about 97.04% was confined to ______ States only. .
* The order was Odisha with a share of 44.11% followed by __________ (17.34%), ___________
(14.10%), ____________ (13.24%), ___________ (4.36%), ____________ (2.44%), and __________
(1.45%) in the total value of mineral production.

The remaining 12 States have a cumulative share of less than 3% of total value during the 2021-22.

A

7

Chhattisgarh

Rajasthan

Karnataka

Jharkhand

Madhya Pradesh

Maharashtra

52
Q

India-Middle East-Europe Economic Corridor

Signed by {_________________________________

A

Saudi Arabia, the European Union, India, the United Arab Emirates (UAE), France, Germany, Italy, and the United States.

53
Q

The Standing Deposit Facility (SDF) was first proposed in the __________committee report in 2014.
It is designed to absorb extra liquidity from banks through interest payments.

Implementation and Functionality:

SDF serves as the floor of the Liquidity Adjustment Facility (LAF) corridor, replacing the previously fixed-rate reverse repo. o collateral how much ???\_\_\_\_\_\_\_\_\_\_\_\_\_

The SDF rate is \_\_\_\_\_\_\_\_\_\_\_\_ ( higher/lower) compared to the Reverse Repo rate (3.35%), providing banks with a greater incentive to park excess money in the SDF window.

Role within the LAF Corridor:

The LAF corridor represents the gap between the repo and reverse repo rates.
SDF and reverse repo operations are employed by the central bank to remove excess liquidity from the system.

Comparison with Reverse Repo Operations:

Reverse repo operations require the RBI to deposit collateral in the form of government assets to borrow money from commercial banks.
SDF allows banks to store surplus liquidity with the RBI at their discretion, without the need for collateral.
A

Urjit Patel

NO collateral

higher (3.75%)

54
Q

Which of the following statements regarding deposits under the SDF (Special Deposit Facility) is TRUE according to Indian banking regulations?

a) Deposits under the SDF are included as balances eligible for the Cash Reserve Ratio (CRR) under the RBI Act of 1934.

b) Deposits under the SDF are not included as eligible assets for the Statutory Liquidity Ratio (SLR) under the Banking Regulation Act of 1949.

c) Deposits under the SDF are not included as balances eligible for the Cash Reserve Ratio (CRR) under the RBI Act of 1934, but they are counted as eligible assets for the Statutory Liquidity Ratio (SLR) under the Banking Regulation Act of 1949

d) Deposits under the SDF are counted as eligible assets for both the Cash Reserve Ratio (CRR) and the Statutory Liquidity Ratio (SLR) under the respective banking regulations.

A

C

55
Q

NBFCs whose asset size is of ₹ _____ cr or more as per last audited balance sheet are considered as
systemically important NBFCs.

A

500

56
Q

J. C. Kumarappan committee recommended

A

agrarian reforms after independence

57
Q

A circular economy means ?

A

products are designed in such a way that they can be used again, or even multiple times, to maximise their value

58
Q

Marketable securities are?

A

type of internal debt, those that are freely traded in a secondary market. Marketable government
securities include G-secs and T-Bills issued through auction

59
Q

Intermediate treasury bills are a type of short-term debt instrument issued by the Government of India through the Reserve Bank of India (RBI). They have a maturity period of ______________ days

They were introduced in April ________ ( year) as an alternative to the discontinued 91-day ad-hoc treasury bills

They are sold only to ___________ in multiples of Rs. _____lakh minimum. They are non-transferable.

Intermediate T-bill and Securities issues by national small saving fund are non-marketable debt.

A

14

1997

state governments, foreign central banks and other specified bodies

1

60
Q

are goods that are produced for private consumption included when GDP is calculated>?????

A

NO

61
Q

A surety is not a bank guarantee and is not an insurance policy

true or false

A

true

62
Q

REITs (Real Estate Investment Trusts)
Definition and Purpose
REITs: Companies that own, operate, or finance income-producing real estate.
Investment Focus: Primarily commercial real estate (e.g., office buildings, shopping malls).
How REITs Work

Pooling of Funds: Collect money from investors to invest in commercial properties.

Income Generation through ____________
Income Distribution: Must distribute ____% of earnings to investors as dividends (SEBI guidelines).

Regulatory Framework
Regulated by SEBI: Under SEBI (Real Estate Investment Trusts) Regulations, 2014.

Investment Allocation:
___% in income-generating commercial properties.
Up to ___% in under-construction properties, stocks, bonds, or cash.

Currently, REITs are allowed to invest in residential properties >?_________

Mandatory Stock Market Listing: Ensures transparency and liquidity.

A

Earn rental income and interest payments from properties.
90
80
20
NO

63
Q

All the proceeds received from the GST compensation cess would be credited to __________

A

a non-lapsable fund
known as the Goods and Services Tax Compensation Fund

64
Q

Kuznets Curve
Phillips Curve
Laffer curve
engel curve
Beveridge curve
The J Curve
Indifference Curve
Kinked Demand Curve

Offer Curve
Rahn

A

Kuznets Curve
Kuznets Curve is applied to illustrate the theory that economic growth originally leads to higher inequality, succeeded later by the decrease of inequality

Phillips Curve - unemployment vs inflation

Laffer curve _ tax rate vs tax revenus

engel curve
As income rises, expenditure on necessities like food may increase at a decreasing rate, while spending on luxury items might increase more rapidly

Beveridge curve- unemployment VS vaccancies ( inverse )

The J Curve is an economic philosophy that states the trade shortfall will originally decrease following currency depreciation

Indifference Curve
An indifference curve presents a combination of two goods that provide a buyer with an equal level of satisfaction and utility, thereby causing consumer indifference.

Kinked Demand Curve
The kinked demand curve was developed in 1939 by Paul M. Sweezy. The model describes the performance of oligopolistic industries. The kinked demand curve representation tries to describe the reason for price rigidity beneath oligopolistic market condition

Offer Curve
In economics and especially in global trade, an offer curve gives the quantity of one kind of goods that an operator will export (“offer”) for every quantity of another kind of goods that it imports. It is due to this cause that the offer curve is identified also as the reciprocal demand curve. The offer curve was initially determined by English economists Edgeworth and Marshall to assist define international trade.

Rahn, which suggests that there is a level of government spending that maximizes economic growth.

65
Q

Many committees have suggested setting up of MPC. For example,______________

MPC consists of _______ members - ______________
o The Government nominees are appointed based on the recommendations of a search cum selection
committee consisting of the_____________
o Ministry of Finance, and _______ no of experts in the field of economics or banking as nominated by the
central government. The nominee will hold office for a period of ___ years and will not be eligible
for re-appointment.\

Central Government determines the inflation target in terms of the Consumer Price Index, once
in every_________ years in consultation with the RBI

RBI has to organize at least ______ meetings of the MPC in a year.

A

in 2002 the Y. V. Reddy
Committee recommended for a MPC to decide policy actions. Subsequently, suggestions were made
to set up a MPC in 2006 by the Tarapore Committee, in 2007 by the Percy Mistry Committee, in
2009 by the Raghuram Rajan Committee and then in 2013, both in the report of the Financial Sector
Legislative Reforms Commission (FSLRC) and the Dr. Urjit R. Patel (URP) Committee

six
the RBI Governor (Chairperson), the RBI Deputy Governor in charge
of monetary policy, one official nominated by the RBI Board and the remaining three members
nominated by the Government of India.

cabinet secretary (Chairperson), the RBI Governor, the secretary of the
Department of Economic Affairs,
\
three
four
five
four

66
Q

Inflation-indexed bonds or IIBs is a type of bond designed to protect investors from the rising
inflation, which is the rise in the overall price level of goods and services in an economy over
time

Both the principal amount and interest payments on these bonds are adjusted

IIBs would be a G-Sec and therefore, would be eligible for short-sale and repo

A

read

67
Q

State development loans are qualified for SLR?

A

YES

68
Q

periodic labour survey By ____
___months
____-status

A

NSO
3
current weekly status

69
Q

national investment fund is maintained under

A

Public account of india

70
Q

National infrastructure pipeline
share among center state and private

A

39, 40,21

71
Q

national infrastructure pipeline sector
Energy sector -
roads
urban
railway

A

24%, 18%, 17%, 12%

economics (4 decks)

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