July 12, 2024
Which of the following steps that will result in containing inflation?
(1) Increasing Cash Reserve Ratio (CRR)
(2) Decreasing Statutory Liquidity Ratio (SLR)
(3) Permitting Central agencies to import duty free pulses and sugar.
Select the correct answer using the codes given below:
  • (A) 1 only
  • (B) 1 and 3 only
  • (C) 2 and 3 only
  • (D) 1, 2 and 3
Regarding Himachal Pradesh, how many of the below given pair(s) is/are correctly matched?
1. Fiscal deficit (target 2022-23) = Rs 9,602 crore
2. Revenue deficit (2022-23 estimated) = Rs 3,903 crore
3. GSDP (2022-23 at current prices projected) = Rs 1,92,690 crore
  • (A) 1 pair only
  • (B) 1 pair only
  • (C) 1 pair only
  • (D) 1 pair only
Who recommends the MSP and issue prices?
  • (A) Ministry of agriculture
  • (B) Planning commission
  • (C) Commission for Agricultural Costs and Prices
  • (D) NABARD
Which of the following five year plan had the objectives of rapid industrialization, increase in the national income, expansion of the opportunities for employment and reduction in the inequalities w.r.t. income and wealth?
  • (A) 2nd five year plan
  • (B) 5th five year plan
  • (C) 4th five year plan
  • (D) 7th five year plan
Which of the following statement is incorrect?
  • (A) Literacy rate is defined as the percentage of population aged 6 years/above who can both read/write with understanding a short simple statement on her everyday life.
  • (B) Persons who were either ‘working’ or ‘seeking or available for work’ constitute the labour force.
  • (C) Sex ratio is defined as the number of females per 100 males.
  • (D) WPR is defined as the percentage of employed persons in the population.
Consider the following statements :
1. When GST was introduced, the central government guaranteed states a 14% compounded annual growth in their GST revenue for a period of five years.
2. In 2021-22, Himachal Pradesh estimated to receive Rs 2,695 crore in the form of GST compensation grants.
Select the correct statement(s) using the codes below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1. Base Year for Index of Industrial Production is 2011-2012.
2. The eight core industries of India represent about 40% of the weight of items that are included in the IIP.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following is/are incorrect regarding IMF?
1. IMF was established in 1944 in the aftermath of the Great Depression of the 1930s.
2. IMF functions as a regulatory body and also focuses on administering a code of conduct for exchange rate policies.
Select the answer using the codes below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Quaternary sector implies
  • (A) Activities related to mining and quarrying
  • (B) Activities related to manufacturing
  • (C) Fishing activities
  • (D) Research and developmental activities
The famous ‘LiFE’ report is released by which of the following organizations?
  • (A) Ministry of Environment, Forest and Climate Change
  • (B) NITI Aayog
  • (C) The Energy and Resources Institute
  • (D) UN Environment Programme
Which of the following statement(s) is/are correct?
1. Machine age in India began with cotton, textile, jute and coal-mining industries in the 1850s.
2. At the time of independence, the Indian economy was underdeveloped with agriculture contributing to less than 10 per cent of the GDP.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1. A Central Bank Digital Currency (CBDC) can be used to purchase G-Secs.
2. CBDC will make the monetary and payment systems more efficient.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1. As per Section 45ZN of the RBI Act, 1934 if RBI fails to meet the inflation target, it has to present a report to the government explaining the reasons for the failure.
2. In the report, the central bank will have to mention the remedial actions it proposes to take for keeping inflation in the targeted range.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are incorrect?
1. Any change in design of a currency note has to be approved by the RBI’s Central Board and the central government.
2 The Reserve Bank of India Act, 1934, gives RBI the “sole right” to issue banknotes in India.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct regarding NITI Aayog?
1. Union Finance Minister is the Chairperson of NITI Aayog.
2. Chief Ministers of all states and Lt. Governors of Union Territories are part of its governing council.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1. Poverty estimation in India is carried out by NITI Aayog’s task force.
2. The calculation of poverty line is based on the data captured by the National Sample Survey Office .
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct regarding Capital Adequacy Ratio?
1. It is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities.
2. Banks are supposed to maintain their CRAR at 9% or above according to Basel-III norms.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1. Union budget 2021-22 allowed RRBs to extend credit for education, housing and even small businesses in rural India.
2. EASE reforms were launched in 2018 for the public sector banks.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1.The bad loans of MSMEs as a per cent of gross advances has increased since 2020.
2. MSMEs in India typically rely on NBFCs for their financing needs.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statement(s) is/are correct?
1. Commission for Agricultural Costs and Prices has the power to approve any change in the Minimum Support Prices (MSP).
1. Recently, Minimum Support Prices (MSP) for all mandated rabi crops has been increased for marketing season 2023-24.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2

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