Economy & social development: practice set 1

Which among the following is/are the objective(s) of the Rainfed Area Development (RAD) initiative under the National Mission for Sustainable Agriculture (NMSA)?

1. 1.Encouraging monoculture in rainfed areas
2. 2.Increasing rice cultivation in irrigated regions
3. 3.Enhancing productivity and minimising climatic risks through Integrated Farming Systems (IFS)

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Which of the following is/are the most significant implication(s) of obtaining Oeko-Tex certification for Eri Silk in the global textile industry?

1. 1.It allows Indian exporters to compete in high-end markets that prioritise chemical-free products.
2. 2.It confirms that Eri Silk meets international safety, environmental, and quality standards, enabling its entry into premium eco-conscious markets.

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Which one of the following best describes the ‘Crowding Out Effect’ in the context of fiscal policy?

Which of the following statements about insurance in aviation sector is/are correct?

1. 1.‘Aviation Hull Insurance’ covers the physical aircraft, including the body, engine, and on-board equipment.
2. 2.Under the Montreal Convention, adopted in 1999 by over 130 countries, including India, airlines are strictly liable to pay compensation to the family/nominee of every deceased passenger without requiring the family to prove fault.

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Consider the following statements in respect of RTGS and NEFT:

1. I.In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments.
2. II.In RTGS, the customer is charged for inward transactions while that is not the case for NEFT.
3. III.Operating hours for RTGS are restricted on certain days while this is not true for NEFT.

Which of the statements given above is/are correct?

Consider the following statements:

1. 1.In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India.
2. 2.In India, Foreign Institutional Investors can hold the Government Securities (G-Secs).
3. 3.In India, Stock Exchanges can offer separate trading platforms for debts.

Which of the statements given above is/are correct?

Consider the following statements:

1. Statement-I: India does not import apples from the United States of America.
2. Statement-II: In India, the law prohibits the import of Genetically Modified food without the approval of the competent authority.

Which one of the following is correct in respect of the above statements?

Consider the investments in the following assets:

1. 1.Brand recognition
2. 2.Inventory
3. 3.Intellectual property
4. 4.Mailing list of clients

How many of the above are considered intangible investments?

Consider the following:

1. 1.Demographic performance
2. 2.Forest and ecology
3. 3.Governance reforms
4. 4.Stable government
5. 5.Tax and fiscal efforts

For the horizontal tax devolution, the Fifteenth Finance Commission used how many of the above as criteria other than population area and income distance?

With reference to the Indian economy, consider the following statements:

1. 1.If the inflation is too high, Reserve Bank of India (RBI) is likely to buy government securities.
2. 2.If the rupee is rapidly depreciating, RBI is likely to sell dollars in the market.
3. 3.If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars.

Which of the statements given above are correct?

With reference to the Indian economy, what are the advantages of "Inflation-Indexed Bonds (IIBs)"?

1. 1.Government can reduce the coupon rates on its borrowing by way of IIBs.
2. 2.IIBs provide protection to the investors from uncertainty regarding inflation.
3. 3.The interest received as well as capital gains on IIBs are not taxable.

Which of the statements given above are correct?

In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers?

Along with the Budget, the Finance Minister also places other documents before the Parliament which include 'The Macro Economic Framework Statement'. The aforesaid document is presented because this is mandated by

“Gold Tranche” (Reserve Tranche) refers to

In the context of the Indian economy, non-financial debt includes which of the following?

1. 1.Housing loans owed by households
2. 2.Amounts outstanding on credit cards
3. 3.Treasury bills

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With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:

1. 1.Worker productivity (₹ per worker at 2004 – 05 prices) increased in urban areas while it decreased in rural areas.
2. 2.The percentage share of rural areas in the workforce steadily increased.
3. 3.In rural areas, the growth in non-farm economy increased.
4. 4.The growth rate in rural employment decreased.

Which of the statements given above is/are correct?

With reference to chemical fertilizers in India, consider the following statements:

1. 1.At present, the retail price of chemical fertilizers is market-driven and not administered by the Government.
2. 2.Ammonia, which is an input of urea, is produced from natural gas.
3. 3.Sulphur, which is a raw material for phosphoric acid fertilizer, is a by-product of oil refineries.

Which of the statements given above is/are correct?

Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

Consider the following statements:

1. 1.Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries.
2. 2.In terms of PPP dollars, India is the sixth largest economy in the world.

Which of the statements given above is/are correct?

Which one of the following is not the most likely measure the Government/RBI takes to stop the slide of Indian rupee?

With reference to the provisions made under the National Food Security Act, 2013, consider the following statements:

1. 1.The families coming under the category of ‘below poverty line (BPL)’ only are eligible to receive subsidised food grains.
2. 2.The eldest woman in a household, of age 18 years or above, shall be the head of the household for the purpose of issuance of a ration card.
3. 3.Pregnant women and lactating mothers are entitled to a ‘take-home ration’ of 1600 calories per day during pregnancy and for six months thereafter.

Which of the statements given above is/are correct?

Consider the following:

1. 1.Areca nut
2. 2.Barley
3. 3.Coffee
4. 4.Finger millet
5. 5.Groundnut
6. 6.Sesamum
7. 7.Turmeric

The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

With reference to the governance of public sector banking in India, consider the following statements:

1. 1.Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
2. 2.To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.

Which of the statements given above is/are correct?

With reference to the ‘National Intellectual Property Rights Policy’, consider the following statements:

1. 1.It reiterates India’s commitment to the Doha Development Agenda and the TRIPS Agreement.
2. 2.Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.

Which of the above statements is/are correct?

Consider the following statements:

1. 1.Tax revenue as a percent of GDP of India has steadily increased in the last decade.
2. 2.Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.

Which of the statements given above is/are correct?

Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?

The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/describe this term?

1. 1.It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. 2.It is an effort to increase RBI's control over commercial banks through computerization.
3. 3.It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.

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