Revision Series | Economy | Miscellaneous | 68

January 4, 2024

Consider the following statements:
1. Under PM SVANidhi 45 % beneficiaries of are women.
2. Around 72% of the beneficiaries of PM SVANidhi are from marginalised sections.
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 w.r.t. "One Nation-One Pass":
1. It aims to facilitate the seamless transit of timber, bamboo, and other forest produce across the country.
2. Under it there is a promise to incentivize the entire value chain.
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. North Eastern Handicrafts and Handlooms Development Corporation (NEHHDC) is under the administrative control of the Ministry of Skill Development and Entrepreneurship.
2. NEHHDC provides financial, technical and other assistance to craftsmen, weavers, co-operatives.
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: (B)

Coal production in India has shot up to over by how many million tonnes in financial year 2023?

(A) 664.
(B) 667.
(C) 674.
(D) 684.

Show Answer

Answer: (A)

Reserve Bank of India (RBI) Deputy Governor recently flagged the central bank’s concern over Credit Information Companies (CICs) which provide credit scores to individuals for availing loans and asked them to focus on six key areas to improve services. Which are these six areas?
1. Need to improve data quality
2. Timely redressal of customer complaints
3. Strengthening of internal ombudsman framework
4. Streamlining the process for handling data correction requests
5. Concerns arising out of usage of data for consulting and analytics
Choose the correct code

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

Show Answer

Answer: D

these six areas-

1.need to improve data quality;

2.timely redressal of customer complaints;

3.strengthening of internal ombudsman framework;

4.streamlining the process for handling data correction requests;

5.strengthening of cybersecurity and data privacy through robust information security governance framework

6.concerns arising out of usage of data for consulting and analytics.

Consider the following statements regarding Financial Intelligence Unit – India (FIU-IND):
1. It is the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
2. It is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Prime Minister.
Select the correct answer using the code given below:

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

Show Answer

Answer: A

The 2022-23 report on the trends in, and progress of, banking in India, was released by?

(A) NITI Aayog.
(B) Reserve Bank of India (RBI).
(C) Centre for Monitoring Indian Economy.
(D) National Statistical Office(NSO).

Show Answer

Answer: (B)

He led RBI’s efforts during India’s severe balance of payments stress in 1990-91, including initiatives to raise international loans and pledging India’s gold reserves, which salvaged the country’s financial reputation and prevented a potential default. Under his leadership, RBI implemented import compression measures by raising cash margins on imports. This stringent strategy significantly reduced the current account deficit, stabilising the balance of payments.
Which famous personality is being referred to here?

(A) D. Subbarao.
(B) R. Rangarajan.
(C) Bimal Jalan.
(D) S.Venkitaramanan.

Show Answer

Answer: (D)

"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?

(A) Asian Development Bank
(B) International Monetary Fund
(C) United Nations Environment Programme Finance Initiative
(D) World Bank

Show Answer

Answer: (b)

Which one of the following is incorrect regarding the Purchasing Managers' Index (PMI)?

(A) The PMI data is released at the beginning of every month
(B) PMI below 50 represents an expansion
(C) It is an indicator of business activity both in manufacturing and services sectors.
(D) 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.

Show Answer

Answer: (b)