July 16, 2024
Consider the following statements:
1. External Benchmark Lending Rates (EBLR) are the lending rates set by the banks based on external benchmarks such as repo rate.
2. The RBI has projected real GDP growth for 2023-24 at 6.5 per cent.
Which of the statements given below is/are correct?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Consider the following statements:
1. In case of indirect tax, the incidence of tax, and impact of tax is on the same person.
2. Direct Tax is progressive in nature.
Which of the statements given below is/are correct?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) None
Which of the following statement(s) is/are correct?
1. Income Tax Act 1961 governs Corporate tax.
2. Effective tax rate which companies pay in India comprises of Corporate Taxes, surcharges and cess.
Select the answer using the codes:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following statements is/are correct regarding Inclusive growth?
1. Inclusive growth is fuelled by market driven sources of growth.
2. Inclusive growth focuses on productive employment.
Select the answer using the codes:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Which of the following is/are correct?
1. The unemployment caused due to the workers living far from the regions and are unable to move to the locations where jobs are available is an example of Structural unemployment.
2. Cyclical Unemployment is a result of the business cycle.
3. Disguised Unemployment is traced in the agricultural sector of India
Select the answer using the codes given below:
  • (A) 1 and 3 only
  • (B) 2 and 3 only
  • (C) 1 and 2 only
  • (D) 1, 2 and 3
Which of the following is correct?
1. NITI Aayog’s recommendations require approval by the Union Cabinet and thereby is binding.
2. NITI Aayog has financial allocation powers for policy programmes.
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 measures can be implemented to address the deficit in Balance of Trade of India?
1 Recognition and setting up of towns of export.
2. Giving Income Tax concessions to exporters.
3. Promoting PLI scheme for different industries
Select the correct statements using the code given below:
  • (A) 1 and 3 only
  • (B) 2 and 3 only
  • (C) 1 and 2 only
  • (D) 1, 2 and 3
Consider the following statements:
1 The year 2023 marks the birth tercentenary of Adam Smith.
2. Adam Smith wrote “An Inquiry into the Nature and Causes of the Wealth of Nations” in 1776.
Select the incorrect statement(s) using the code given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2 
  • (D) Neither 1 nor 2
The plan undertook drastic policy measures to combat the bad economic situation and to undertake an annual average growth of 5.6% through introduction of fiscal & economic reforms including liberalisation under the Prime Minister ship of Shri P V Narasimha Rao. Which plan is being referred to here?
  • (A) Fourth Five year Plan
  • (B) Fifth Five year Plan
  • (C) Sixth Five year Plan
  • (D) Eighth Five year Plan
If the US Central Bank raises their interest rate, then it may lead to:
  • (A) Rupee depreciation
  • (B) Rupee appreciation
  • (C) Investors moving to India
  • (D) Increase in money supply
Which of the following statement(s) is/are correct regarding the Purchasing Managers Index?
1. The PMI is compiled by IHS Markit.
2. It is a survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month.
Select the answer using the codes given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Consider the following statements:
1 The bank credit is the total amount of money that a person or business can borrow from a bank.
2. Bank credit grew in the fiscal ended March 2023 due to higher demand for funds.
Which of the above given statement(s) is/are correct?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Consider the following statements regarding the Stand up India Scheme:
1 Of the funds sanctioned till March 2023, about 80 per cent of the loans have been given to women entrepreneurs.
2. It has been extended up to 2030.
3. It is based on the third pillar of National Mission for Financial Inclusion namely “Funding the unfunded”
4. Stand up India Scheme was in launched in 2014.
Which of the above given statement(s) is/are incorrect?
  • (A) 1 and 3 only
  • (B) 2 and 4 only
  • (C) 3 and 4 only
  • (D) 1 and 2 only
Consider the following statements:
1. The world's largest single-location oil refinery complex is located at Jamnagar.
2. Windfall taxes are designed to tax the profits a company derives from an external, sometimes unprecedented event.
Which of the above given statement(s) is/are correct?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
The Unified Payments Interface (UPI) supports which of the following?
  • (A) Transactions between deposit accounts at banks
  • (B) Transactions between banks intermediated by pre-paid instruments including wallets
  • (C) Pre-sanctioned credit lines at banks
  • (D) All of the above

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