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Part 1 Flashcards

1
Q

Which one of the following is the correct defi nition of
“Agenda 21”?

A

sustainable
development.

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2
Q

Brundtland Report, published in

A

1987

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3
Q

Brundtland Report, published in 1987 by

A

United Nations World Commission on Environment and Development, coined the term “Sustainable Developmen

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4
Q

Brundtland Report, published in 1987 by United Nations

A

Our Common Future”.

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5
Q

Publication of ‘The Limit to Growth’ Report

A

1972

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6
Q

Publication of Brundtland Commission Report

A

April, 1987

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7
Q

Adoption of Montreal Protocol

A

September, 1987

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8
Q

Rio Earth Summit

A

June, 1992

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9
Q

United Nations has identifi ed

A

United Nations has identifi ed 17 Sustainable Development Goals which have to be realised by the year 2030

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10
Q

Sustainable Development Goals 1

A

No Poverty : End poverty in all its forms everywhere.

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11
Q

Sdg 2

A

Zero Hunger : End hunger, achieve food security and improved nutrition and promote sustainable agriculture.

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12
Q

Sdgb3

A

Good Health and Well Being: Ensure healthy lives & promote well-being for all at all ages.

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13
Q

4

A

Quality Education: Ensure inclusive and equitable education and promote lifelong learning opportunities for all.

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14
Q

5

A

Gender Equality: Achieve gender equality and empower all women and girls.

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15
Q

6

A

Clean Water and Sanitation: Ensure availability and sustainable management of water and sanitation for all

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16
Q

13

A

Climate Action: Take urgent action to combat climate change and its impacts

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17
Q

(14)

A

Life Below Water: Conserve and sustainably use the oceans, seas and marine resources for sustainable development.

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18
Q

15

A

Life on Land: Combat desertification, sustainably manage forests, half and reverse land degradation and halt biodiversity loss.

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19
Q

Peace and Justice Strong Institutions:

A

Promote peaceful and inclusive societies and provide access to justice

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20
Q

17

A

Partnerships to achieve the Goal: Global Partnerships for Sustainable Development.

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21
Q

Position of Countries in Sustainable Development Goals (SDG) Index

A
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22
Q

Club of Rome i

A

me is an association of economists, civil servants and scientists with a mission to promote understanding of the global challenges facing humanity. The organisation has prioritised fi ve key areas of impact: emerging New Civilisations; Planetary Emergency; Reframing Economics; Rethinking Finance; and Youth Leadership and Intergenerational Dialogues.

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23
Q

The United Nations Conference on Environment and Development (UNCED

A

Earth Summit’ was held in Rio de Janeiro, Brazil from 3 - 14 June 1992

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24
Q

fi rst Human Environment Conferenc

A

Stockholm, Sweden in 1972.

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25
Q

primary objective of the Rio ‘Earth Summit’

A

was to produce a broad agenda and a new blueprint for internationalaction on environmental action and development issue.

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26
Q

pecial session of UN General Assembly was held from

A

23-27 June, 1997 in New York to take stock of how well countries, international organizations and sectors of civil society have responded to the challenges of the Earth Summit

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27
Q

Rio + 10 summit

A

Rio + 10 summit was held in Johannesburg in 2002 and Rio

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28
Q

Rio+20

A

was held in Rio de Janeiro in 2012.

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29
Q

GEF provides funds

A

GEF provides funds to the least developed countries “Least Developed Countries Fund” (LDCF).

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30
Q

Minamata Convention

A

Mercury

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31
Q

Stockholm Convention

A

Stockholm Convention on Persistent Organic Pollutant

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32
Q

Agenda 21

A

Agenda 21 is legally non-binding, voluntarily implemented action plan of the United Nations on Sustainable Development.

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33
Q

It is a product of the Earth Summit (UN Conference on Environment and Development) held

A

in Rio de Janeiro, Brazil in 1992.

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34
Q

Rio+20 is

A

the short name for the United Nations Conference on Sustainable Development.

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35
Q

The conference’s outcome document entitled

A

The Future We Want’ was a call to action for governments, businesses and the UN alike to support countries interested in the transition to a green economy

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36
Q

National Environmental Engineering Research Institute

A

National Environmental Engineering Research Institute (NEERI) is situated in Nagpur, Maharashtra

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37
Q

Central Public Health Engineering Research Institute (CPHERI) in

A

in 1958 to focus on water supply, sewage disposal and related diseases and to some extent on industrial pollution.

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38
Q

NEERI has five zonal laboratories

A

Chennai, Delhi, Hyderabad, Kolkata & Mumbai.

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39
Q

National Environment Appellate Authority (NEAA)

A

provides a framework for international cooperation in the development of meteorology and operational hydrology and their practical application. WMO is an intergovernmental organization with a membership of 193 Member States and Territories WMO was originated from the International Meteorological Organization (IMO) which was founded in 1873 to facilitate the exchange of weather information across national borders. WMO became a specialized agency of the United Nations on 17 March, 1951

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40
Q

UNEP (United Nations Environment Programme)

A

was established in 1972. It is headquartered in Nairobi (Kenya).

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41
Q

EPA (Environment Protection Agency)

A

is an agency of the U.S. It was established on 2 Dec. 1970 for enforcing standards and laws that promote the health of human/individuals and the environment

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42
Q

Green Peace International

A

is a non-governmental organization. *Its headquarter is in Amsterdam, Netherlands.

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43
Q

NITI (National Institution for Transforming India)

A

Nodal Institution for coordination and implementation ofSustainable Development Goals in India

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44
Q

Given below are two statements, one labelled as Assertion (A) and other as the Reason (R).Assertion (A) : Sustainable development is important
for well being of human society. Reason (R) Codes :: Sustainable development is a kind of development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

A

) Both (A) and (R) are true and (R) is correct explanation of (A)

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45
Q

Publication of ‘The Limit to Growth’ Report

A

1972

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46
Q

Publication of Brundtland Commission Report

A

August, 1987

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47
Q

Enforcement of Montreal Protocol

A

January, 1989

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48
Q

Rio Earth Summit

A

June, 1992

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49
Q

The discussion on ‘Sustainable Development’ was started after submitting a report on environmentthe United Nations in 1987. That report wa

A

After the submission of the report Our Common Future, also known as the Brundtland Report, which was published by World Commission on Environment and Development (WCED) in

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50
Q

Which of the following is not related to environmental protection?

A
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51
Q

The Environment (Protection) Act of India was enacted in–

A

The Environment (Protection) Act of India was enacted in the year 1986. It extends to the whole of India.

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52
Q

which of the following years the Environment Protection Act was passed?

A

1986

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53
Q

Environment is a composite state of –

A

The environment may be divided into biotic and abiotic environments. The biotic environment is made up of biotic factors, that is all living things in the environment. The abiotic or physical environment is made up of all the physical factors that aff ect organisms, e.g. temperature, light intensity, the amount of available water etc.

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54
Q

Generally, environment can be classifi ed as following categories. Which among the following is NOT a part of such category

A

Generally, environment can be classifi ed as physical, cultural and biological environment. Physical environment includes landforms, water bodies, climate, soils, rocks, minerals, etc. Biological environment includes plants, animals, microorganisms, etc. whereas cultural environment include man-made features such as economical, social and political elements.

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55
Q

Sustainable development is a matter of intergenerational sensibility in respect of the use of

A

Natural resources

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56
Q

What is blue carbon?

A

Blue carbon is simply the term for carbon captured by the world’s ocean and coastal ecosystems.Sea grasses, mangroves, and salt marshes along our coast “capture and hold” carbon, acting as something called a carbon sink. These coastal systems, though much smaller in size than the planet’s forests, sequester this carbon at a much faster rate, and can continue to do so for millions of years.

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57
Q

Saving energy and other resources for the future without sacrifi cing people’s comfort in the present’ is the defi nition of which of the following concepts

A

Sustainable development

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58
Q

Which of the following Sustainable Development Goal (SDG) will target the water availability for all and its permanent management upto 2030 in India?

A

SDG - 6

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59
Q

The Decade of Sustainable Energy for all is the initiative of:

A

United Nations

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60
Q

Which of the following is a Nodal Institution for implementation of Sustainable Development Goals in India?

A

NITI Aayog

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61
Q

World Environment Day is celebrated on:

A

5 June

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62
Q

The book ‘Silent Spring’ published in 1962 which set the tone for an environmental movement in the world, was written by:

A

Silent Spring’ is an environmental science book published in 1962. It was written by an American biologist and ecologist ‘Rachel Carson’

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63
Q

The main role of solar radiation is in –

A

Water cycle

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64
Q

National Environmental Engineering Research Institute is situated at:

A

Nagpur

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65
Q

When and where the National Environment Engineering Research Institute (NEERI) was established

A

1958, Nagpur

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66
Q

What is important for Sustainable Development?

A

Conservation of biological diversity, prevention and control of pollution, decreasing poverty, all are important for Sustainable Development. It is imperative for achieving the goal of sustainable development to make policies on information about our environment and ecology. Presently sustainable development has become an alternative approach to the theories of development. Certain information are required for policy formulation on sustainable development.

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67
Q

The ‘Common Carbon Metric’ supported by UNEP, has been developed for

A

assessing the carbon footprint of building operations around the world

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68
Q

core infrastructure elements of the mission are-

A

Adequate water supply.* Assured electricity supply.* Sanitation including solid waste management.* Effi cient urban mobility and public transport.* Aff ordable housing, especially for the poor.* Robust IT connectivity and digitalization.* Good Governance, especially e-Governance and people’s participation.* Sustainable environment.* Safety and security of citizens, particularly women, children and the elderly.* Health and Education.

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69
Q

Earth Summit’ was held at:

A

Rio-de-Janeiro

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70
Q

‘Earth Summit’ was held at:

A

The fi rst Earth Summit by United Nations Conference on Sustainable Development was held in Rio-de-Janeiro in 1992. In 2012, the United Nations Conference on Sustainable Development was also held in Rio and is also commonly called Rio+20 or Rio Earth Summit 2012.

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71
Q

What was the title of the Rio -20 declaration?

A

a) The future we want

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72
Q

The fi rst ‘Earth Summit’ was held at-

A

Rio-de-Janeiro

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73
Q

International Conference held in Rio-de-Janeiro was:

A

International conference held in Rio-de-Janeiro in 1992 was the United Nations Conference on Sustainable Development.

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74
Q

Which among the following sectors contribute the most
in savings in India?

A

Household

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75
Q

Hot currency

A

Hot currency (or money) signifies currency that quickly and
regularly moves between financial markets, that ensures
investors lock in the highest available short-term interest rates.
Hot money continuously shifts from countries with lowinterest
rates to those with higher rates. These financial
transfers affect the exchange rate and potentially impact a
country’s balance of payments.

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76
Q
  1. Match the list-I with the list-II and select the correct
    answer from the code given below the lists :
    List-I List-II
    A. Capital Gain Tax 1. Income
    B. Central Excise Duty 2. Factory Produc
    C. Custom Duty 3. Import
    D. Corporate tax 4. Sale of Property
    Code :
    A B C D
    (a) 4 2 3 1
    (b) 1 3 2 4
    (c) 3 1 4 2
    (d) 2 4 1 3
A

Capital gain tax : Capital gains means the profit earned by
an individual on the sale of his investment in assets such as
stocks, real estate, commodities, bonds etc. Generally it is
the ‘gain’ made on ‘capital investment’. Capital gains are taxed
if an individual sells an asset after holding it for a certain
‘long’ period.
Central Excise duty : Central Excise duty is a form of indirect
tax that is levied by the Central Government for the production,
sale, or license of certain goods.
Customs duty : Customs duty refers to the tax imposed on
goods when they are transported across international borders.
In simple terms, it is the tax that is levied on import and
exports of goods. It is an indirect tax.
Corporation tax : Corporation tax is a tax imposed on the net
income or profit that enterprises (companies) make from their
businesses. It is a direct tax like income tax. Companies, both
private and public registered in India under the Companies
Act 1956, are liable to pay corporation tax.

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77
Q

World Consumer Rights Day is celebrated on

A

World Consumer Rights Day is celebrated on March 15
every year.

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78
Q

Property Rights related to trade :
1. Trade Marks
2. Industrial designs
3. Geographical Indications
4. Labour Standards
Choose the correct answer from the given codes :
(a) 1 (b) 1 and 2
(c) 1, 2 and 3 (d) All of the ab

A

WTO agreement on ‘Trade-Related Aspects of
Intellectual Property Rights’ (TRIPS) is the most
comprehensive multilateral agreement on Intellectual
Property (IP). It plays a central role in facilitating trade in
knowledge and creativity and in resolving the trade disputes
over IP. TRIPS covers the following forms of Intellectual
Property Rights : 1. Copyright and related Rights, 2. Trade
Marks, 3. Geographical Indications, 4. Industrial Designs,
5. Patents, 6. Layout-Designs (Topographies) of Integrated
Circuits, 7. Trade Secrets. Labour standards is not included
in Intellectual Property (IP). TRIPS came into force on
1 January, 1995

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79
Q

(Specialization) (Name)
A. Taxation i. M. Govinda Rao
B. Agriculture ii. C. Rangarajan
C. Monetary Policy iii. Arvind Panagariya
D. Indian Economic Planning iv. Ashok Gulati
and State Level Reforms
E. Fiscal policy v. Parthsarthi Shome
Codes :
A B C D E
(a) v iv iii ii i
(b) ii iv i iii v
(c) i iv iii ii v
(d) v iv ii iii i
R.A.S./R.T.S. (Pre) (Re- Exam) 20

A

Ashok Gulati is an Agricultural economist and former
Chairman of CACP (Commission for Agricultural Costs and
Prices). Parthsarthi Shome was the Chairman of Tax Administration
Reform Commission (TARC). C. Rangarajan is former
governor of RBI. While Arvind Panagariya was first
Vice-chairman of NITI Aayog. M. Govinda Rao was member
of the 14th Finance Commission. Before this he was the
Director of ‘National Institute of Public Finance and Policy

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80
Q

Under the Constitution of India, Economic Planning is a
subjec

A

Economic and Social Planning is enlisted in the Concurrent
List under the Seventh Schedule of the Constitution of India,
which is under the joint domain of both the States
Governments and the Union Government of Indi

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81
Q
  1. Consider the following statements :
  2. A watershed development fund has been established
    with a total corpus of Rs. 200 crores.
  3. The objective is to undertake integrated watershed
    development work in selected 100 districts.
  4. Under the scheme, two-third of amount is given for
    grant based projects in the State.
    With the help of given codes, find which of the above
    statement(s) is/are correct?
    (a) 1 only (b) 1 and 2 only
    (c) 1, 2 and 3 (d) 2 and 3 only
    U.P.P.C.S. (Pre) 20
A

The Union Government has established a Watershed
Development Fund (WDF) during year 2000 with total cost
of Rs. 200 crore which includes Rs. 100 crore by Ministry of
Agriculture and Rs. 100 crore by NABARD as matching
contribution. Initially, the objective of WDF was to undertake
integrated watershed development work in selected 100
districts. WDF has two components viz., loan and grant.
Two-third of the Fund will be for loans to the State
Government for watershed development and one-third will
be for grant based activities covering promotional efforts,
capacity building etc. Hence, option (b) is the correct answ

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82
Q

See the explanation of above question.
188. Consider the following events and arrange them in
chronological order :
1. Establishment of NABARD
2. Self Help Group Bank Linkage Programme
3. Kisan Credit Card Plan
4. Establishment of Regional Rural Bank
Select the correct answer from the codes given below.
Codes:
(a) 4, 1, 2, 3 (b) 4, 2, 3, 1
(c) 1, 2, 3, 4 (d) 4, 3, 2, 1

A

Establishment of NABARD – 1982
Self Help Group Bank Linkage Programme – 1992-93
Kisan Credit Card Plan – 1998
Establishment of Regional Rural Bank – 1975
Therefore, the correct chronological order is given in
option (a)

83
Q

. Consider the following statements :
The Indian rupee is fully convertible –
1. in respect of Current Account of Balance of Payments
2. in respect of Capital Account of Balance of Payments
3. into gold
Which of the these statements is/are correct?
(a) 1 alone (b) 3 alone
(c) 1 and 2 (d) 1, 2 and 3
I.A.S.

A

The balance of payments account, which is a statement of all
transactions made between a country and the rest of the
world, consists of two accounts – current and capital
account. While the current account deals mainly with import
and export of goods and services, the capital account is made
up of cross-border movement of capital by way of investments
and loans.
Current account convertibility refers to the freedom to
convert rupees into other internationally accepted currencies
and vice-versa/or without any restrictions. Similarly,
capital account convertibility means the freedom to conduct
investment transactions without any constraints. Typically,
it would mean no restriction on the amount of rupees anyone
can convert into foreign currency or vice-versa for the
purpose of trading financial assets. Indian rupee is fully
convertible on current account from August, 1994. As far as
the capital account convertibility of rupee is concerned,
India has come a long way in liberating the capital account
transactions in the last three decades and currently has
partial capital account convertibility

84
Q

Who among the following is the founder of ‘World
Economic Forum’?

A

The World Economic Forum (WEF) is the international organization
for public-private cooperation. It was founded in
1971 by Klaus Schwab, as a not-for-profit foundation and is
headquartered in Geneva, Switzerland. The forum engages
the foremost political, business, cultural and other leaders of
society to shape global, regional and industry agendas. The
WEF is mostly known for its annual meeting at the end of
January in Davos, Switz

85
Q

foundation and is
headquartered in

A

Geneva, Switzerlan

86
Q

What is the India’s rank in the Sustainable
Development Goal Index?

A
87
Q

. On what basis is the inflation rate measured in India?

A

India, the rate of inflation is generally measured on the
basis of Consumer Price Index (CPI), Wholesale Price Index
(WPI) and Labour Cost of Living Index. At present, RBI uses
Consumer Price Index (CPI) (Combined) to measure inflation.

88
Q

largest tea exporting country of the world is

A
89
Q

‘SENSEX’ is the popular Index of Bombay Stock Exchange
(BSE). It is measured on the basis of how many blue chip
companies listed in BSE

A

30

90
Q

main reasons for the volatility in Indian share market are
as follows :

A

Inflow and outflow of foreign funds.
2. Fluctuations in foreign capital markets.
3. Changes in monetary policy.
4. Availability of liquidity in the market.
5. Political situations.
6. Economic outlook.
7. Corporate performances etc.

91
Q

main reasons for the volatility in Indian share market are
as follows :

A

Inflow and outflow of foreign funds.
2. Fluctuations in foreign capital markets.
3. Changes in monetary policy.
4. Availability of liquidity in the market.
5. Political situations.
6. Economic outlook.
7. Corporate performances etc.

92
Q

The size of marginal landholding in India is :

A

In Indian Agriculture Census, the operational holdings are
categorized in five size classes :
1. Marginal – Below 1 hectare
2. Small – 1 to 2 hectares
3. Semi-Medium – 2 to 4 hectares
4. Medium – 4 to 10 hectares
5. Large – 10 hectare and above

93
Q
  1. Micro, Small and Medium Enterprises Development
    (MSMED) Act was passed in the year
A

2006

94
Q
  1. Lowering the Cash Reserve Ratio, it will have the following
    impact on the economy:
A

Cash Reserve Ratio (CRR) is described as a particular
percentage of cash deposits that must be maintained by every
bank in India as per the requirements of the RBI. If RBI lowers
the CRR, the banks will have higher leverage to liquidity
because it increases the loanable funds with the bank. The
banks in turn can sanction further loans to businesses and
industry for different investment purposes and the economy
may see increased investment. It also increases the overall
supply of money in the economy. Hence, Statement I, II and
III are correct while statement IV is incorrect.

95
Q

Concept of ‘Joint Sector’ for industrial development of
India was envisaged in Industrial Policy Resolution o

A

India’s second Industrial Policy was put before the Parliament
by Pt. Jawaharlal Nehru in April, 1956. In this policy,
main objective was to step up the industrial growth rate and
for this acceleration in industrialization was needed. The
priorities of this policy includes, acclerating the industrialization
process, expand public and co-operative sectors,
bring equality in distribution of wealth and income and to
prevent the monopolistic tendency in this sector. Concept
of ‘Joint Sector’ harmonious industrial development was
envisaged in this policy. The joint sector was envisaged as
something in between the public and the private sector and
in which the State could actively participate in management,
control and decision-making.

96
Q

Minimum Wages Act

A

1948

97
Q

Industries (Development and Regulation) Act

A

1951

98
Q

Monopolistic and Restrictive Trade Practices – 1969
(MRTP) Act

A

1969

99
Q

Foreign Exchange Regulation Act (FERa

A

1973

100
Q

UDAY

A

Ministry of Power, Government of India launched Ujwal
DISCOM Assurance Yojana (UDAY) which was approved
by Union Cabinet on 5th November, 2015. The scheme
envisages : Financial turnaround and revival of power distribution
companies, Operational improvement, Reduction of
cost of generation of power, Development of Renewable
Energy and Energy efficiency and conservatio

101
Q

core concept of the Eleventh Five Year Plan is

A

Faster and more inclusive growth

102
Q

most common measure of estimating inflation in
India is

A
103
Q

basic difference between imperative and indicative
planning is that :

A

imperative planning, economic decisions are made through
the centralized planning authority usually the government
and the market forces of demand and supply have a very
limited role to play in such centralized system. In indicative
planning, the role of the state is to indicate and provide
directions and support to the market for their functioning.
Indicative planning serves to complement and enhance the
market, as oppose to replace the market mechanism (in imperative
planning), hence it is adopted in market-based and
mixed economies

104
Q

Under which Five Year Plan, did agriculture register a
negative growth ?

A

3

105
Q

Which one of the following per capita calorie intake has
been recommeded to determine the poverty line in rural
areas in Indi

A
106
Q

Which one of the following agriculture practices is
eco-friendl

A

Organic farming is an eco-friendly agricultural practice that
uses fertilizers of organic origin such as compost manure,
green manure, and bone meal and places emphasis on
techniques such as crop rotation and companion planting. It
is defined as production of crops without the use of synthetic
chemical fertilizers and pesticides. Compared with
conventional agriculture, organic farming reduces soil
erosion, decreases nitrate leaching into groundwater and
surface water and recycles animal wastes back into farm

107
Q

Persons below the poverty line in India are classified as
such based on whether

A

) they are entitled to a minimum prescribed food bask

108
Q

Trans-Pacific Partnershi

A
109
Q

The aim of differentiated interest scheme was to provide
concessional loans to

A

Differentiated interest rate scheme was launched by the
Central Government in the year 1972. The aim of the scheme
was to provide concessional loans to weaker section of the
society.

110
Q

. Insider trading is related to :

A

Insider trading is related to share market. It is the buying or
selling of a publicly traded company’s stock in share market
by someone who has non-public, material information about
that stock. It is illegal when the material information is still
non-public, and this comes with stern penalties and harsh
consequences. Insider trading is an unfair and illegal practice
in the stock market, wherein other investors are at a great
disadvantage due to the lack of important insider non-public
information about a company.

111
Q

With what subject is Raghuram Rajan Committee
connect

A

Government of India constituted a high level committee
on Financial Sector Reforms under the Chairmanship of
Raghuram Rajan in the year 2007

112
Q

When did India become a member of International
Monetary Fund?

A

India is among the founding members of IMF and the World
Bank. India became the member of IMF and the World Bank
on 27 December, 1945. Principality of Andorra became the
190th member of IMF on October 16, 2020.

113
Q

has the maximum volume of foreign trade with

A

China

114
Q

Which of the following is the main principle of agriculture
finance

A

main principle of agricultural finance includes objective
(purpose), person and productivity planning

115
Q

Which of the following is the main principle of agriculture
finance

A

main principle of agricultural finance includes objective
(purpose), person and productivity planning

116
Q

year the rupee was devalued for the first time in
India?

A

1949

117
Q

National Institute for Entrepreneurship and Small
Business Development is situated at

A

The National Institute for Entrepreneurship and Small
Business Development (NIESBUD) is situated in Noida
(U.P.). It is a premier organization of the Ministry of Skill
Development and Entrepreneurship, engaged in training,
consultancy, research, etc. in order to promote entrepreneurship
and skill development. It was established in 1983 under
Societies Registration Act, 1860 by the Government of India

118
Q

Bhakra-Nangal

A

Bhakra-Nangal is a joint project of Haryana, Punjab and
Rajasthan. It is the most important multipurpose project
named after the two dams built at Bhakra and Nangal on the
Satluj river. According to Central Water Commission,
Government of India, India is ranked third after U.S.A. and
China in the number of large dams.

119
Q

over a given period of time both prices and monetary
income have been doubled, the real income will be

A

given time period if both the prices as well as monetary
income gets twice then there is no change in the real income
because increased prices will be balanced by the increased
income and vice versa. It will not have any effect on the real
income

120
Q

With which of the following groups of countries India has
the largest import trade?

A

China

121
Q

Land Development Bank provides loan to farmers for:

A

The Land Development Bank provides long-term loans for
the development of land and increasing the agricultural
production.

122
Q

The concept of ‘Navratna’ is associated wit

A

concept of ‘Navratna’ is associated with selected
Central Public Sector Enterprises (CPSEs). The Government
of India in the year 1997, initially awarded the status of
Navratna to 9 CPSEs, as to give them more power and autonomy
to compete in the global market.
At present, the Government of India categorizes CPSEs
under three categories of Miniratna, Navratna and
Maharatna. This categorization is based on factors such as

123
Q

Which of the following States has highest Per Capita
Average Income?

A
124
Q

rapid increase in the rate of inflation is sometimes
attributed to the ‘base effect’. What is ‘base effect’?
(a) It is the impact of drastic deficiency in supply due

A

Base effect’ refers to a kind of statistical anomaly that causes
steep hike or decline in the rate of price rise or fall because
the current prices are compared relative to the previous period.
If last year’s price of certain articles is low and this year
it has returned to its normal price, yet the rate of increase,
which is relative to the last year’s price, is shown h

125
Q
  1. The Bretton Woods Conference led to the establishment
    of :
  2. I.M.F. 2. I.B.R.D.
  3. United Nations 4. W.T.O.
    Select the correct answer using codes given below.
    Codes :
    (a) 1 and 2 (b) 1, 2 and 3
    (c) 1 and 3 (d) 1, 2, 3 and 4
A

The Bretton Woods Conference, officially known as the
‘United Nations Monetary and Financial Conference’, was a
gathering of delegates from 44 nations that met from 1-22
July, 1944 in Bretton Woods, New Hampshire (USA), to agree
upon a series of new rules for the post-World War II
international monetary system. The two major
accomplishments of the conference were the creation of
International Monetary Fund (IMF) and the International
Bank for Reconstruction and Development (IBRD) or the
World Bank.
IMF and IBRD are also called as ‘Bretton Woods twins’
because both are set up under Bretton Woods Conference.

126
Q

Who among the following released “Citizens’ guide to
fight corruption”

A

Central Vigilance Commission had released “Citizens’ guide
to fight corruption” in year 2002. The Central Vigilance
Commission (CVC) was set up by the Government of India in
February, 1964 on the recommendations of the Committee on
prevention of corruption, headed by K. Santhanam, to
advise and guide Central Government agencies in the field
of vigilance. The CVC Bill was passed by both the Houses of
Parliament in 2003 and the President gave its assent on
September 11, 2003. Thus, the Central Vigilance Commission
Act, 2003 came into effect from that date

127
Q
  1. Which States of India have derived maximum benefits from
    green revolution?
A

Green revolution in India started with Kharif crop in 1966.
The States like Punjab, Haryana, Uttar Pradesh (Western
part), etc. having good irrigation and other infrastructure
facilities were able to derive the maximum benefits of the
green revolution

128
Q
  1. The economic cost of foodgrains to the Food Corporation
    of India is Minimum Support Price and bonus (if any) paid
    to the farmers plu
A

) procurement incidentals and distribution cost

129
Q

Dunkel proposal is related to :

A

Arthur Dunkel’s draft treaty for the Uruguay Round of the
General Agreement on Trade and Tariffs (GATT) was
presented in December 1991. In this round of talks, the GATT
ambit was being expanded to cover not only trade in goods
but also trade in services (GATS), trade-related intellectual
property rights (TRIPS) and trade-related investment
measures (TRIMs).

130
Q

which of the following financial years the devaluation
of rupee in India took place twice?

A

1991-92

131
Q
  1. In India markets in agricultural products are regulated
    under the :
    (a) Essential
A

most parts of the India, markets of agricultural products
are established and regulated under the Agricultural Product
Marketing Committee Acts, enacted by the States

132
Q

International Monetary Fund loans can be used for which
of the following purposes?

A

member countries tackle balance of payments problems,
stabilize their economies and restore sustainable economic
growth. Any member country can turn to the IMF for financing
if it has a balance of payments need and unable to pay its
international bills. This crisis resolution role is at the core of
IMF lending. The IMF is not a development bank and unlike
the World Bank and other development agencies, it does not
finance projects

133
Q

tariff

A

Tariffs are taxes charged on the import of goods from foreign
countries. While historically tariffs were used as a source
of revenue for governments, they are now used mainly to
protect domestic industries from foreign competition. Tariffs
increase the prices of imported goods and leads to a
contraction in the volume of trade. The overall effect is a
reduction in imports, increased domestic production and
higher consumer prices.

134
Q

Duty-Draw-Back implies

A

Duty drawback implies the refund of custom and excise
duties paid on inputs or raw materials and service tax paid on
the input services used in manufacture of export goods

135
Q

. Which among the following multinational companies are
functioning in India?

A

Unilever is an Indian consumer goods producer, whose headquarter
is in Mumbai. It is an Indian subsidiary company of
British-Dutch multinational company Unilever. It is not a
multinational company in itself. Guest Keen Williams
Limited is an engineering company. The company is
currently engaged in industrial warehousing at Howrah, West
Bengal and in investment and treasury operation on an all
India basis. It is also not a multinational company

136
Q

National Agriculture Policy – 2000
Marine Fishing Policy – 2004
New Foreign Trade Policy – 2014
Seventh Finance Commission – 1978

A
137
Q

Kisan Credit Card (KCC

A

Kisan Credit Card (KCC) scheme was introduced in 1998.
The prime objective of this credit scheme is to enable farmers
in having quick and timely access to affordable credit. The
model of KCC scheme was prepared by NABARD on the
recommendations of R.V. Gupta Committee.
Objectives : (1) To meet the short term credit requirements
for cultivation of crops.
(2) Post harvest expenses. Hence, statement (4) is correct.
(3) Working capital for maintenance of farm assets and
activities allied to agriculture etc. Hence, statement (1) is
correct.
(4) Consumption requirements of farm households. Hence,
statement (3) is also correct.
(5) Investment credit requirement for agriculture and allied
activities like pump sets, sprayers and dairy animals etc.
Statement (2) and (5) are not the objectives of the KCC.
Therefore, option (b) is the correct answer

138
Q

Coins are minted in India at :

A

Mumbai, Kolkata and Hyderabad

139
Q

Priority sector lending by banks in India constitutes the
lending t

A

According to the priority sector lending norms of the RBI,
banks have to extend at least 40% of their credit to the priority
sector. Some of the priority sectors lending mentioned
by the RBI are agriculture, micro, small and medium enterprises,
education, housing, export credit, social infrastructure,
renewable energy etc. Lending to weaker sections constitutes
a major part of this. Hence, option (d) is the correct
answer. Lending to weaker sections constitutes a major part
of this. Hence, option (d) is the correct answe

140
Q
  1. With reference to the measures of tenancy reforms in
    India, which of the statements is/are correct?
  2. Regulation of rent
  3. Security of tenure
  4. Conferment of ownership on tenants
    Select the correct answer using codes given below :
    (a) 1 only (b) 1 and 2 only
    (c) 2 and 3 only (d) 1, 2 and 3
A

Land reforms in general and tenancy reforms in
particular aim at redistributing ownership holding from the
view point of social justice, and reorganizing
operational holdings from the view point of optimum utilization
of land. The scope of land reforms therefore entails
abolition of intermediaries and tenancy reforms, i.e. regulation
of rent, security of tenure for tenants and conferment of
ownership on them. The entire concept aims at the abolition
of intermediaries and bringing actual cultivator in direct contact
with the State. The provisions of security of tenancy
and rent regulation provide a congenial atmosphere in which
the agriculturist feels sure of reaping the fruits of his labour

141
Q

Which of the following is a Nodal Institution for
implementation of Sustainable Development Goals in
Indi

A

NITI Aayog is the Nodal Institution for implementation of
Sustainable Development Goals (SDGs) in India. It is
established with the aim to achieve SDGs with cooperative
federalism

142
Q

The promoter of National Stock Exchange of India is :

A

National Stock Exchange of India was set up in November,
1992 on the recommendation of Manohar J. Pherwani
Committee. The promoters of NSE of India includes IDBI,
SBI, IFCI, LIC, GIC, IDFC and Government of India

143
Q

Inclusive governance

A

Inclusive governance means that all sections of the society
should be equally provided with the facilities provided by
the government. To establish effective District Planning
Committees in all the districts, to increase government expenditure
on public health and to empower Mid-day Meal
Scheme are all parts of inclusive governance. Permitting the
Non-Banking Financial Companies to do banking can not be
considered as part of inclusive governance.

144
Q

TRIMs (Trade-Related Investment Measures)

A

TRIMs (Trade-Related Investment Measures) is a World
Trade Organization (WTO) agreement that restricts
preference of domestic firms and thereby enable international
firms to operate more easily with foreign markets. This
agreements, negotiated during the Uruguay Round, applies
only to measures that affect trade in goods. Recognizing
that certain investment measures can have trade-restrictive
and distorting effects, it states that no member shall apply a

145
Q

. The Indian Patents Act came into force i

A

the Government of India appointed Justice
N. Rajagopala Ayyangar Committee to examine the question
of revision of the Patent Law and advise government
accordingly. On the recommendation of this committee, the
Patent Bill was introduced in the Lok Sabha on 21st September,
1965, which however lapsed. In 1967, again an amended
bill was introduced which was referred to a joint Parliamentary Committee and on the final recommendation of the
Committee, the Patents Act, 1970 was passed. This Act
repealed and replaced the 1911 Act so far as the patents law
was concerned. Most of the provisions of the 1970 Act were
brought into force on 20th April 1972 with publication of the
Patent Rules, 1972

146
Q

International Liquidity

A
147
Q

Kandla, situated in the Gulf of Kutch, is well known for
which of the following industrie

A

India is the first country in Asia, which accepted the importance
of Export Processing Zones in export promtion and
established Asia’s first Export Processing Zone in Kandla in
1965. Today it is considered as India’s largest multi-product
functional Special Economic Zone (Kandla SEZ or KASEZ)
ecompassing 1000 acres with about 255 performing units.

148
Q

Operation Black Board is related to

A

Operation Black Board was started in 1987 with an objective
to provide minimum essential facilities in all primary schools
in the country

149
Q

The first Industrial Policy of the free India was announced

A

After Independence, India’s first Industrial Policy was
announced by Dr. Shyama Prasad Mukherjee, the then
Minister of Industry on April 6th 1948. This outlined the
approach to industrial growth and development. It
emphasized the importance to the economy of securing a
continuous increase in production and ensuring its
equitable distribution. It made clear that India is going to
have a Mixed Economic Model

150
Q
  1. Which of the followings is the largest vegetable producing
    country in the world?
A
151
Q

Kisan Credit Card scheme was brought for the farmers
i

A

1998-1999

152
Q

When was gender budgeting initiated in India?

A

gender budgeting was first introduced in India in the
Union Budget 2005-06. Gender budgeting is concerned with
gender sensitive formulation of programmes/schemes,
allocation of resources, implementation and execution, audit
and impact assessment and follow-up corrective action to
address gender disparities. In 2005-06, the gender budgeting
constituted 4.8% of the total budget outlay, but over the
years, its proportion in the budget has close to stagnated,
hovering around

153
Q

Ease of Doing Business Index

A

Ease of Doing Business Index was an annual index published
by the World Bank. In this index, ranking was provided to
the countries of the world on the basis of basic changes
made to provide trade facilities

154
Q

Ease of Doing Business Index

A

Ease of Doing Business Index was an annual index published
by the World Bank. In this index, ranking was provided to
the countries of the world on the basis of basic changes
made to provide trade facilities

155
Q

When did India become a member of International
Monetary Fund

A

India is among the founding members of IMF and the World
Bank. India became the member of IMF and the World Bank
on 27 December, 1945. Principality of Andorra became the
190th member of IMF on October 16, 2020.

156
Q

Pradhan Mantri MUDRA Yojana (PMMY)

A

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme
launched by the Hon’ble Prime Minister on April 8, 2015 for
providing loans upto 10 lakh to the non-corporate, nonfarm
small/micro enterprises. These loans are classified as
MUDRA(Micro Units Development & Refinance Agency
Ltd.) loans under PMMY. These loans are given by
Commercial Banks, RRBs, Small Finance Banks, MFIs and
NBFCs, while MUDRA will refinance these institutions. The
borrower can approach any of the lending institutions mentioned
above or can apply online through the portal
www.udyamimitra.in . Under the aegis of PMMY, MUDRA
has created three products namely ‘Shishu’ (for loans upto
Rs. 50,000), ‘Kishore’ (for loans upto Rs. 5 lakh) and ‘Tarun’
(for loans upto Rs. 10 lakh) to signify the stage of growth/
development and funding needs of the beneficiary micro
unit/entrepreneur and also provide a reference point for the
next phase of graduation/growth

157
Q

The basis of determining dearness allowances to
employees of India

A

India, Consumer Price Index for Industrial Workers (CPIIW)
is used for tracking inflation and for fixing dearness
allowances (DA) of employees and industrial workers.

158
Q

Which among the following is an asset for a Commercial
Bank

A
159
Q

formulates the monetary policy in India ?

A

The monetary policy in India was earlier (till 2016) formulated
by the Reserve Bank of India. At present, the Monetary Policy
Committee (MPC) constituted by the Central Government
determines the policy interest rate required to achieve the
inflation target. RBI’s Monetary Policy Department (MPD)
assists the MPC in formulating the monetary policy. The RBI
is vested with the responsibility of conducting monetary
policy which is explicitly mandated under the RBI Act, 1934.
The primary objective of monetary policy is to maintain price
stability while keeping in mind the objective of growth.

160
Q
  1. In the context of India, which of the following factors is/
    are contributor/contributors to reducing the risk of a
    currency crisis?
  2. The foreign currency earnings of India’s IT sector
  3. Increasing the government expenditure
  4. Remittances from Indians abroad
    Select the correct answer using the code given below.
    (a) 1 only (b) 1 and 3 only
    (c) 2 only (d) 1, 2 and 3
A

currency crisis is a situation in which serious doubt exists
as to whether a country’s central bank has sufficient foreign
exchange reserves to maintain the country’s fixed (currency)
exchange rate. A currency crisis results from chronic balance
of payments deficits, and thus is also called a balance of
payments crisis which is relative to the declining value of
the home currency. The foreign currency earnings of India’s
IT sector and remittances from Indians abroad together can
reduce the risk of a currency crisis in India by greater inflow
of foreign currency. While increase in government
expenditure may increase the supply of rupee currency and
increase imports which can adversely affect the currency
crisis. Therefore, option (b) is the right answer.

161
Q

.P. Council of Agricultural Research is located at

A

Uttar Pradesh Council of Agriculture Research is located in
Lucknow. It was established in the year 1989

162
Q

In the context of independent India’s economy, which one
of the following was the earliest event to take plac

A

Life insurance companies were nationalized in 1956 and
general insurance companies were nationalized in 1972. While
State Bank of India was nationalized in July 1955 and Banking
Regulation Act came into force on 10 March, 1949. The first
Five Year Plan was commenced in 1951. Hence, option (c) is
the correct answer.

163
Q

Animal Breed
(a) Buffalo – Bhadawari
(b) Cow – Sindhi
(c) Goat – Jamunapari
(d) Sheep – Tharparkar
U.P. R.O./A.R.O.

A

Bhadawari is a breed of buffalo. They are basically found in
Uttar Pradesh and Madhya Pradesh. Sindhi (Red Sindhi) is a
breed of cow originating from Sindh province of Pakistan. In
India, it is found in Punjab, Haryana, Karnataka, Tamil Nadu,
Kerala and Odisha. Jamunapari is an Indian breed of domestic
goat originating in Uttar Pradesh. Tharparkar is a breed of
cow found in Gujarat and Rajasthan. Hence, option (d) is not
correctly matched

164
Q

paper gold’ refers to

A

term ‘paper gold’ refers to Special Drawing Rights (SDR)
of IMF.The SDR is an international reserve asset that member
countries can add to their foreign currency and gold reserves
and use for payments requiring foreign exchange. It refers to
the assets transferred by the IMF to its member countries as
lending. It is the currency (unit of account) of the IMF and
due to its acceptability, it is referred as paper gold

165
Q

a given year in India, official poverty lines are higher
in some States than in others because

A

Suresh Tendulkar Committee computed new poverty lines
for rural and urban areas of each State based on the uniform
poverty line consumption basket. These poverty lines would
vary from State to State because of inter-state price
differentials of consumer goods and services included in
the poverty line basket.
Hence, in a given year in India, official poverty lines are
higher in some State than in others because price levels
vary from State to State.

166
Q

Abid Hussain Committee was related to :

A

Small and medium industri

167
Q

. Uruguay round pertains to

A

Uruguay round was the 8th round of multilateral trade
negotiations conducted within the framework of the GATT
(General Agreement on Tariffs and Trade), spanning from
1986 to 1993 and embracing 123 countries as ‘contracting
parties’. The Uruguay round led to the creation of the World
Trade Organization (WTO).

168
Q

. Uruguay round pertains to

A

Uruguay round was the 8th round of multilateral trade
negotiations conducted within the framework of the GATT
(General Agreement on Tariffs and Trade), spanning from
1986 to 1993 and embracing 123 countries as ‘contracting
parties’. The Uruguay round led to the creation of the World
Trade Organization (WTO).

169
Q

Treasury bills are sold in India by :

A

Treasury bills or T-bills, which are money market instruments,
are short-term debt instruments issued by the Government
of India. Treasury bills were first issued in 1917 in India.
Treasury bills are sold by the RBI on auction basis. These
are presently issued in three tenors, namely 91 day T-bills,
182 day T-bills and 364 day T-bills.

170
Q

Genetic industry inclu

A

Genetic industries are engaged in re-production and
multiplication of certain species of plant and animals with
the object of sale. The main aim is to earn profit from such
sale. Examples of genetic industries includes nurseries (where
plants are grown for the sale), poultry farm (where birds are
raised for meat and eggs), animal husbandry, pisciculture
(for growing fish in ponds, canals and rivers), orchard (to
harvest different kind of fruits) and agriculture or farming for
growing crops.

171
Q

The objective of ‘Minimum Needs Programme’ is to
provide the infrastructure to

A

The ‘Minimum Needs Programme’ was introduced in the
country in the first year of the Fifth Five Year Plan (1974-78).
The objective of the programme is to establish a network of
basic services and facilities of social consumption in all the
areas upto nationally-accepted norms, within a specified
time-frame. The programme is designed to assist in raising
living standards and in reducing the regional disparities in
development. The programme is essentially an investment
in human resources. The basic needs of the people identified
for this programme are Elementary Education, Adult
Education, Rural Health, Rural Roads, Rural Electrification,
Rural Housing, Environmental Improvement of Urban Slums
and Nutrition. It aims at “social and economic development
of the community, particularly the underprivileged and
underserved population.

172
Q

The objective of ‘Minimum Needs Programme’ is to
provide the infrastructure to

A

The ‘Minimum Needs Programme’ was introduced in the
country in the first year of the Fifth Five Year Plan (1974-78).
The objective of the programme is to establish a network of
basic services and facilities of social consumption in all the
areas upto nationally-accepted norms, within a specified
time-frame. The programme is designed to assist in raising
living standards and in reducing the regional disparities in
development. The programme is essentially an investment
in human resources. The basic needs of the people identified
for this programme are Elementary Education, Adult
Education, Rural Health, Rural Roads, Rural Electrification,
Rural Housing, Environmental Improvement of Urban Slums
and Nutrition. It aims at “social and economic development
of the community, particularly the underprivileged and
underserved population.

173
Q
  1. Match the column-A with the column-B and select the
    correct answer using the codes given below :
    Column -A Column -B
    A. 1955 1. Export-Import Bank of India
    B. 1964 2. Industrial Development Bank
    of India
    C. 1982 3. Industrial Credit and Invest-
    ment Corporation of India
    D. 1987 4. Board of Industrial and
    Financial Reconstruction
    Codes
A

Export-Import Bank of India was set up in March 1982 through
Exim Bank Act, 1981. It provides financial assistance to
exporters and importers with a view to promoting the country’s
international trade. IDBI was constituted under Industrial
Development Bank of India Act, 1964 as a Development
Financial Institution (DFI) and came into being on July 01,
1964. While ICICI was formed in 1955 to provide mediumterm
and long-term project financing to Indian businesses
and BIFR was set up in January 1987.

174
Q

Asia-Pacific Ministerial

A

The first ‘Asia-Pacific Ministerial Conference on Housing
and Urban Development (APMCHUD)’ was held in New
Delhi, India in December, 2006 under the theme of ‘A vision
for sustainable urbanization in the Asia-Pacific by 2020’.
Thus, statement 1 is incorrect.
The conference of APMCHUD is a biennial event. Its second
conference (2008) was held in Tehran (Iran), third (2010) in
Solo (Indonesia), fourth (2012) in Amman (Jordan), fifth (2014)
in Seoul (South Korea), Sixth (2016) in New Delhi and
seventh conference (2018) in Tehran. Hence statement 2 is
also incorrect.

175
Q

With reference to the ‘Capital formation’ which of the
statements is/are correct?
1. Process of capital formation depends on savings and
effectiveness of financial institutions.
2. Investment is the essential factor of capital formation.
Select the correct answer using the codes given below.
Codes :
(a) Only 1 (b) Only 2
(c) Both 1 and 2 (d) Neither 1 nor 2

A

Capital formation is a term used to describe the net capital
accumulation during an accounting period for a particular
country. To accumulate additional capital, a country needs
to generate savings and investments from household savings.
or based on government policy. Countries with a high
rate of household savings can accumulate funds to produce
capital goods faster, and a government that runs a surplus
can invest the surplus in capital goods.
The World Bank measures capital formation by assessing
the change in net savings. If the household savings rate is
increasing, savers may invest the additional money and purchase
stocks and bonds. If more households are saving and
financial institutions are effective, the country may report a
cash surplus, which is a positive sign for capital formation.
Hence, both of the given statements are correc

176
Q

A. Singrauli 1. Oil
B. Kajarhat 2. Milk
C. Koyali 3. Coal
D. Anand 4. Cement
Code :
A B C D
(a) 1 2 3 4
(b) 2 3 4 1

A

Correct matching of the lists are as follows :
Singrauli (Madhya Pradesh) – Coal
Kajarhat (Uttar Pradesh) – Cement
Koyali (Gujarat) – Oil
Anand (Gujarat) – Milk

177
Q

the States of India, the State Finance Corporations
have given assistance mainly to develop

A

The Central Industrial Finance Corporation was established
under the Industrial Finance Corporation Act, 1948 for the
purpose of providing medium and long-term loans to
industrial undertakings that remain outside the normal
activities of commercial banks. The desire of the State
Governments was that similar corporations should be formed
in the States so that the work of Industrial Finance Corporation
can be supplemented. The intention is that the State
Corporations will restrict their activities to the financing of
medium and small scale industries and, as far as
possible, will consider only such proposals which are
outside the purview of the Central Industrial Finance
Corporation. Thus, option (d) is the correct answer

178
Q

the States of India, the State Finance Corporations
have given assistance mainly to develop

A

The Central Industrial Finance Corporation was established
under the Industrial Finance Corporation Act, 1948 for the
purpose of providing medium and long-term loans to
industrial undertakings that remain outside the normal
activities of commercial banks. The desire of the State
Governments was that similar corporations should be formed
in the States so that the work of Industrial Finance Corporation
can be supplemented. The intention is that the State
Corporations will restrict their activities to the financing of
medium and small scale industries and, as far as
possible, will consider only such proposals which are
outside the purview of the Central Industrial Finance
Corporation. Thus, option (d) is the correct answer

179
Q
A

.T.O. – Generally to forbid the use of
quantitative restrictions in trade
I.M.F. – To provide finance to correct
equilibrium in balance of payments
SAARC – To promote cooperation among South
Asian countries
I.D.A. – Sanction of Soft Loa

180
Q

Repo rate comes under purview of

A

Repo (Repurchase Option) Rate is the key monetary policy
rate of interest at which the Central Bank or the Reserve
Bank of India (RBI) lends short term money to banks,
essentially to control credit availability, inflation, and the
economic growth. Repo Rate in India is the primary tool in
the RBI’s Monetary and Credit Policy. Other policy rates,
such as Reverse Repo Rate and Marginal Standing Facility
Rate, are often directly linked with the Repo Rate of RBI.
Reverse Repo Rate is, on the other hand, an exact opposite
of the Repo Rate. Banks park money with the RBI for short
term at the prevailing Reverse Repo Rate.

181
Q
  1. With reference to Indian economy, demand-pull inflation
    can be caused/increased by which of the following?
  2. Expansionary policies
  3. Fiscal stimulus
  4. Inflation-indexing wages
  5. Higher purchasing power
  6. Rising interest rates
    Select the correct answer using the code given below.
A

Demand-pull inflation emerges when the aggregate demands
exceed the level of aggregate supply or full employment
output. Consumers and investors seek to buy more than
the total amount of output that can be produced. The demand-pull
inflation may be caused by an increase in money
supply. This would also occur when aggregate demand increases
either because of rise in the marginal efficiency of
capital or a rise in the propensity to consume. Expansionary
fiscal policy is intended to increase the money supply in the
economy using budgetary instruments to either raise spending
or cut taxes. So, Expansionary fiscal policy can cause
demand-pull inflation. Hence, statement 1 is correct. A fiscal
stimulus is a package comprising tax rebates and incentives.
It is used by the government to stimulate the economy
and prevent the country from a financial crisis. It increases
money supply in the economy and is intended to increase
the demand, job creation, etc. So, it can also lead to the
demand-pull inflation. Hence, statement 2 is also correct.
Inflation-indexing wages do not lead to demand-pull
inflation because they are adjusted with inflation. They are
provided to reduce the effect of inflation. Hence, statement
3 is incorrect.
Higher purchasing power can lead to demand-pull inflation,
because consumers have a lot to spend and they can
demand more goods/services. Hence, statement 4 is correct.
Rising of interest rates reduces money supply in the
economy, so, it cannot lead to demand-pull inflation. Hence,
statement 5 is incorrect.

182
Q

World Development Report’ is an annual publication of :

A

The World Development Report is an annual report
published by International Bank for Reconstruction and
Development (or World Bank).

183
Q
  1. Which one of the following modes of privatization is the
    most comprehensive and complete?
A

The most comprehensive and complete mode of privatization
is divestment. Divestment refers to the transfer of ownership
and management to the private sector

184
Q
  1. In India the Public Sector is most dominant in
A

Among the given options, Public Sector is most dominant in
commercial banking in India. In 1991, Public Sector Banks
(PSBs) accounted for 90% of the banking sector in India. As
per the RBI data, PSBs had a 74.28 percent and 76.26 percent
market share in credits and deposits respectively in 2015.
However, their market share in credits and deposits has
dipped to 59.8 percent and 64.75 percent respectively in 2020,
but still this sector is dominated by the PSBs

185
Q

Which one of the following will not have a direct impact
on human capital formatio

A

Human capital formation indicates the process of acquiring
and increasing the number of persons who have the skills,
education and experience which are critical for the economic
and the political development of the country. Human capital
can be developed through creation of skilled, trained and
efficient labour force by providing better education, training,
health care facilities etc. Irrigation will not have a direct
impact on human capital formation

186
Q

Fiscal policy is concerned with which of the following

A

Fiscal policy is the use of government spending and
taxation to influence the economy. Governments typically
use fiscal policy to promote strong and sustainable growth
and reduce poverty

187
Q

A Letter of Credit has to be produced by :

A

Letter of Credit (L/C) is a written undertaking by the
importer’s bank, known as the Issuing Bank, on behalf of its
customer, the Importer (Applicant), promising to effect
payment in favour of the Exporter (Beneficiary) up to a stated
sum of money, within a prescribed time limit and against
stipulated documents. After the trading parties agree on a
sale of goods, the Importer requests that its bank (the Issuing
Bank) issue a Letter of Credit in favour of the Exporter.

188
Q

A rise in ‘SENSEX’ means:

A

The BSE SENSEX is a free-float market-weighted stock market
index of 30 well-established and financially sound companies
listed on the Bombay Stock Exchange. A rise in ‘SENSEX’
means an overall rise in prices of shares of this group of 30
companies.

189
Q

Commercial paper

A

Commercial paper is a form of unsecured, short-term debt.
It’s commonly issued by companies to finance their payrolls, payables, inventories, and other short-term liabilities.
Maturities on commercial paper range from one to 270 days, with an average of around 30 days.
Commercial paper is issued at a discount and matures at its face value.
The minimum denomination of commercial paper is $100,000 and it pays a fixed rate of interest that fluctuates with the market

190
Q

CD

A

certificate of deposit (CD) is a savings account that holds a fixed amount of money for a set period of time, in exchange for interest paid by the issuing bank. CDs are considered a safe option for savings because the amount that can be withdrawn is guaranteed from the start

191
Q

Call Money

A

Call Money’ is the borrowing or lending of funds for 1 day
(overnight). Participants in call money market includes banks
(excluding RRBs) and Primary Dealers (PDs), both as
borrowers and lenders. Participants are force to decide on
interest rate in call money market. It is short period borrowing
and lending to meet the short term mismatches in fund
position. Hence, statement (3) is correct.

192
Q

Zero-coupon Bond’

A

Zero-coupon Bond’ is a debt security that does not pay
interest but instead trades at a deep discount, rendering a
profit at maturity, when the bond is redeemed for its full face
value. Hence, statement (4) is incorrect

193
Q

Where was the first World Summit on Social
Development under the aegis of UNESCO held?

A

The first World Summit for Social Development (WSSD)
under the aegis of UNESCO was held in March, 1995 in
Copenhagen. At WSSD, Governments reached a new
consensus on the need to put people at the centre of
development

194
Q

SEBI sidbi nabard

A

SEBI
(Capital Market), SIDBI (Micro-finance) and NABARD
(Agricultural credit) are apex institution in their respective
fields.

195
Q
  1. Inflation is beneficial to which of the following section of
    economy?
A

Inflation occurs when there is a general increase in the price
of goods and services and a fall in purchasing value of money.
Inflation allows debtors (borrowers) to pay credtitors
(lenders) back with money worth less than when it was
originally borrowed, which benefits debtors. Thus, inflation
brings about a redistribution of real wealth in favour of debtors
at the cost of creditors. Investors in bonds and securities
with fixed interest rates, consumers, pensioners etc. also lose
in real terms during inflation

196
Q

Which one of the following is covered by the Kisan Credit
Card Scheme?

A

Kisan Credit Card (KCC) scheme was introduced in
August, 1998 for providing adequate and timely credit support
to farmers. The KCC scheme is implemented by Commercial
Banks, Regional Rural Banks (RRBs) and Small Finance Banks
and Cooperatives. The KCC covers post-harvest expenses,
produce marketing loans, consumption requirements of farmer
household and investment credit requirements for agriculture
and allied activities. In March, 2012, the government amended
the KCC Scheme and now a KCC card holder can get an
ATM-enabled Rupay debit card

197
Q

correctly matched lists are as follows :
Industry Production Centre
Jute Products – Titagarh
Silk Textile – Bengaluru
Woollen- Hosiery – Ludhiana
Woollen Carpet – Bhadoh

A
198
Q

Debenture

A

debenture is a medium to long-term debt instrument used
by large companies to borrow money, at a fixed rate of interest.
A debenture is like a certificate of loan or a loan bond
evidencing the fact that the company is liable to pay a
specified amount with interest. Public limited company issues
the debenture under the Company Act, 1956 and it is under
the guidelines of the SBI. Hence, debenture holders of a
company are its credito

199
Q
  1. Which of the following committees examined and
    suggested Financial Sector reforms?
A

Narasimham Committee

200
Q

Baht is the currency o

A

Baht is the currency of Thailand. Turkey’s – Turkish Lira,
Vietnam’s – Dong, Iran’s – Rial.

201
Q
  1. National Agriculture Technology Project (NATP) is
    funded in India b
A
202
Q

. Long-term fiscal policy was announced by which finance
minister of India?

A

Long-term fiscal policy in India was announced by then
Finance Minister Vishwanath Pratap Singh (V.P. Singh) in
his Budget Speech 1985-86. Through this policy, government
revenue and expenditure was framed with a long-term
framework

203
Q

. Which one of the following States has largest area under
Soyabean cultivation

A

Env (3 decks)

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