Economy & social development: practice set 4

Consider the following statements about Multidimensional Poverty Index (MPI):

1. 1.MPI is calculated using Alkire-Foster methodology.
2. 2.MPI calculated by NITI Aayog has a total of twelve indicators.
3. 3.Maternal Health and Bank Account are common indicators in the MPI of NITI Aayog and MPI of United Nations Development Programme (UNDP).

Which of the statements given above is/are correct?

Consider the following statements:

1. I.The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).
2. II.In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature.

Which of the statements given above is/are correct?

Consider the following types of vehicles:

1. I.Full battery electric vehicles
2. II.Hydrogen fuel cell vehicles
3. III.Fuel cell-electric hybrid vehicles

How many of the above are considered as alternative powertrain vehicles?

Suppose the revenue expenditure is ₹ 80,000 crores and the revenue receipts of the Government are ₹ 60,000 crores. The Government budget also shows borrowings of ₹ 10,000 crores and interest payments of ₹ 6,000 crores. Which of the following statements are correct?

1. I.Revenue deficit is ₹ 20,000 crores.
2. II.Fiscal deficit is ₹ 10,000 crores.
3. III.Primary deficit is ₹ 4,000 crores.

Select the correct answer using the code given below.

With reference to physical capital in Indian economy, consider the following pairs:

How many of the above pairs are correctly matched?

Consider the following statements:

1. Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.
2. Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government.

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

Consider the following statements in respect of the digital rupee:

1. 1.It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy.
2. 2.It appears as a liability on the RBI's balance sheet.
3. 3.It is insured against inflation by its very design.
4. 4.It is freely convertible against commercial bank money and cash.

Which of the statements given above are correct?

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

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

1. 1.A share of the household financial savings goes towards government borrowings.
2. 2.Dated securities issued at market-related rates in auctions form a large component of internal debt.

Which of the above statements is/are correct?

With reference to the “Tea Board” in India, consider the following statements:

1. 1.The Tea Board is a statutory body.
2. 2.It is a regulatory body attached to the Ministry of Agriculture and Farmers Welfare.
3. 3.The Tea Board’s Head Office is situated in Bengaluru.
4. 4.The Board has overseas offices at Dubai and Moscow.

Which of the statements given above are correct?

With reference to 'Urban Cooperative Banks' in India, consider the following statements:

1. 1.They are supervised and regulated by local boards set up by the State Governments.
2. 2.They can issue equity shares and preference shares.
3. 3.They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.

Which of the statements given above is/are correct?

Indian Government Bond Yields are influenced by which of the following?

1. 1.Actions of the United States Federal Reserve
2. 2.Actions of the Reserve Bank of India
3. 3.Inflation and short-term interest rates

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With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?

1. 1.Quantitative restrictions on imports by foreign investors are prohibited.
2. 2.They apply to investment measures related to trade in both goods and services.
3. 3.They are not concerned with the regulation of foreign investment.

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In India, which of the following can be considered as public investment in agriculture?

1. 1.Fixing Minimum Support Price for agricultural produce of all crops
2. 2.Computerization of Primary Agricultural Credit Societies
3. 3.Social Capital development
4. 4.Free electricity supply to farmers
5. 5.Waiver of agricultural loans by the banking system
6. 6.Setting up of cold storage facilities by the governments

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In a given year in India, official poverty lines are higher in some States than in others because

The Service Area Approach was implemented under the purview of

The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

In the context of any country, which one of the following would be considered as part of its social capital?

Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news?

If a commodity is provided free to the public by the Government, then

Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?

The Global Infrastructure Facility is a/an

With reference to ‘National Skills Qualification Framework (NSQF)’, which of the statements given below is/are correct?

1. 1.Under NSQF, a learner can acquire the certification for competency only through formal learning.
2. 2.An outcome expected from the implementation of NSQF is the mobility between vocational and general education.

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Consider the following statements:

The nation-wide ‘Soil Health Card Scheme’ aims at

1. 1.expanding the cultivable area under irrigation.
2. 2.enabling the banks to assess the quantum of loans to be granted to farmers on the basis of soil quality.
3. 3.checking the overuse of fertilizers in farmlands.

Which of the above statements is/are correct?

Which of the following has/have occurred in India after its liberalization of economic policies in 1991?

1. 1.Share of agriculture in GDP increased enormously.
2. 2.Share of India’s exports in world trade increased.
3. 3.FDI inflows increased.
4. 4.India’s foreign exchange reserves increased enormously.

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The term 'Base Erosion and Profit Shifting' is sometimes seen in the news in the context of

What is/are the purpose/purposes of Government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'?

1. 1.To bring the idle gold lying with Indian households into the economy
2. 2.To promote FDI in the gold and jewellery sector
3. 3.To reduce India's dependence on gold imports

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