April 24, 2024
With reference to the Indian economy, consider the following statements:
1. Core inflation provides a sense of how the broader economy is doing.
2. Super core inflation is calculated by removing gold and silver price inflation from core inflation.
3. Inflation being sticky essentially means that inflation is taking longer than expected to fall.
Which of the statements given below is/are correct?
  • (A) 1 and 3 only
  • (B) 2 and 3 only
  • (C) 1 and 2 only
  • (D) 1, 2 and 3
With reference to the Certificate of deposit, consider the following statements:
1. It was first introduced in 1989 on the recommendation of the Vaghul Committee.
2. They are issued by Commercial Banks which are freely transferable from one party to another.
3. It is essentially a money market instrument.
Which of the statements given below is/are correct?
  • (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/are correct regarding GST?
1. The Goods and Services Tax (GST) Council recently approved the creation of a national tribunal mechanism with state benches for the redressal of disputes.
2. GST Council is a statutory body under the GST Act.
Select the answer using the codes:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2
Advance digital skills are related to which of the following?
  • (A) Cloud architecture
  • (B) Application development
  • (C) Machine learning
  • (D) All of the above
Which of the following statements is/are correct regarding Unicorns?
1. The valuation of unicorns is not expressly linked to their current financial performance, but largely based on their growth potential.
2. Unicorns are privately held, venture-capital backed startups with a valuation of $1 billion.
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. UPI supports both Person-to-Person (P2P) and Person-to-Merchant (P2M) payments.
2. UPI has collaborated with PayNow which is a fast payment system in Singapore.
Select the correct statements using the code given below:
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2 
  • (D) Neither 1 nor 2
Consider the following statements regarding the Emissions Trading Scheme (ETS)?
1. The Bureau of Energy Efficiency (BEE) would be the nodal coordinator of the scheme.
2. Under it the companies would not be required to cut carbon emissions in absolute terms.
Which of the above given statement(s) is/are incorrect?
  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor
Which of the following statement(s) is/are incorrect?
1. The Giffen good or inferior good is an exception to the law of demand.
2. When the price of an inferior good falls, the poor will buy less and vice versa.
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. Law of Demand explains the direction of change in demand due to change in the price.
2. Demand for a commodity is said to be “Elastic” when the quantity demanded increases by a large amount due to a little fall in the price.
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:
1. Payment made to others for the purchase of factors of production is known as Explicit costs.
2. It includes, wages, payment for raw material, rent for the building, interest for capital invested, expenditure on transport and advertisement other expenses like license fee.
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

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