Revision Series | Economy | Miscellaneous | 49

December 10, 2023

Consider the following statements:
1. Digital lending is the process of availing credit online.
2. As per a RBI report that India has the maximum number of digital loan apps in the world.
Select the correct statement(s) using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (C)

Consider the following statements:
1. United Payments Interface (UPI) payment limits for hospitals and educational institutions is Rs 5 lakh per transaction.
2. E-mandate is a digital payment method to virtually enable and authorise merchants to collect recurring payments through debit or credit cards.
Select the incorrect statement(s) using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (d)

Consider the following statements:
1. Multidimensional Poverty Index (MPI) is a measure of poverty that considers multiple dimensions of well-being, beyond just income or monetary measures.
2. It was developed by the United Nations Population Fund & Oxford Poverty and Human Development Initiative (OPHI).
Select the correct statement(s) using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: (a)

Which of the following published the State of Food and Agriculture?

(A) Food and Agriculture Organisation.
(B) World Economic Forum.
(C) International Fund for Agricultural Development.
(D) Indian Council of Agricultural Research.

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Answer: (A)

Which of the following sectors are part of the Index of Eight Core Industries?
1. Telecom
2. Steel
3. Electricity
4. Textiles
5. Silver
Choose the correct code

(A) 1 and 4 only
(B) 2 and 3 only
(C) 3 and 5 only
(D) 1, 2, 3, 4 and 5

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Answer: B

Consider the following statements regarding Goods and Services Tax (GST):
1. GST is a value added tax
2. GST is a multipoint source based tax.
Select the correct answer using the code given below:

(A) 1 only
(B) 2 only
(C) Both 1 & 2
(D) Neither 1 nor 2

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Answer: A

Which of the following is/are correct?
1. In case of Reverse Repo rate, Banks borrow short term funds by pledging government securities.
2. Under SDF, banks can borrow funds from the RBI by pledging government securities within the limits of the SLR.
Select the answer using the codes below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

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Answer: (d)

Which of the following scenarios can be the best support towards achieving sustainable economic growth?

(A) Deflation
(B) Low and moderate inflation
(C) Galloping inflation
(D) Hyperinflation

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Answer: (B)

Identify the correct sequence in descending order as per the weightage in the Consumer Price Index (CPI) Combined?
1. Food and Beverages
2. Intoxicants
3. Housing
4. Fuel
Select the answer using the codes given below:

(A) 1-4-3-2
(B) 2-3-1-4
(C) 1-3-4-2
(D) 2-4-3-1

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Answer: (c)

Which of the following are stakeholders in Pradhan Mantri Fasal Bima Yojana (PMFBY)?

(A) Central Government
(B) Insurance companies
(C) State Governments
(D) All of the above

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Answer: (d)