Economy & social development: practice set 7

In what way(s) does the Vizhinjam International Seaport represent a structural shift in India's maritime trade and logistics policy?

1. 1.By functioning exclusively as a domestic cargo hub to reduce reliance on coastal shipping and eliminate the need for foreign collaborations.
2. 2.By focusing primarily on passenger cruise tourism and heritage shipping to increase Kerala's profile as a maritime heritage destination.
3. 3.By leveraging its natural deep draft and strategic location to reduce dependence on foreign trans-shipment ports, enhance revenue retention, and reposition India in regional maritime trade.

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Which of the following statements about M1xchange’s role in Micro, Small & Medium Enterprises (MSMEs) financing is/are correct?

1. 1.M1xchange provides collateral based loans to MSMEs.
2. 2.M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs.
3. 3.M1xchange functions as a credit rating agency for MSMEs.

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Which of the following are the sources of income for the Reserve Bank of India?

1. I.Buying and selling Government bonds
2. II.Buying and selling foreign currency
3. III.Pension fund management
4. IV.Lending to private companies
5. V.Printing and distributing currency notes

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Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):

1. I.It provides loans and guarantees to middle income countries.
2. II.It works single-handedly to help developing countries to reduce poverty.
3. III.It was established to help Europe rebuild after the World War II.

Which of the statements given above are correct?

With reference to the Indian economy, “Collateral Borrowing and Lending Obligations” are the instruments of:

With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements:

1. 1.CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities.
2. 2.CSR rules do not specify minimum spending on CSR activities.

Which of the statements given above is/are correct?

With reference to Union Budget, consider the following statements:

1. 1.The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
2. 2.At the Union level, no demand for a grant can be made except on the recommendation of the President of India.

Which of the statements given above is/are correct?

With reference to Central Bank digital currencies, consider the following statements:

1. 1.It is possible to make payments in a digital currency without using US dollar or SWIFT system.
2. 2.A digital currency can be distributed with a condition programmed into it such as a time-frame for spending it.

Which of the statements given above is/are correct?

In the context of finance, the term ‘beta’ refers to

Consider the following statements:

1. Statement-I: India's public sector health care system largely focuses on curative care with limited preventive, promotive and rehabilitative care.
2. Statement-II: Under India's decentralized approach to health care delivery, the States are primarily responsible for organizing health services.

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

Consider the following statements:

The effect of devaluation of a currency is that it necessarily

1. 1.improves the competitiveness of the domestic exports in the foreign markets
2. 2.increases the foreign value of domestic currency
3. 3.improves the trade balance

Which of the above statements is/are correct?

Which one of the following is likely to be the most inflationary in its effects?

With reference to Indian economy, demand-pull inflation can be caused/increased by which of the following?

1. 1.Expansionary policies
2. 2.Fiscal stimulus
3. 3.Inflation-indexing wages
4. 4.Higher purchasing power
5. 5.Rising interest rates

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If you withdraw ₹ 1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be

Consider the following statements:

1. 1.In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.
2. 2.In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.

Which of the statements given above is/are correct?

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

1. 1.‘Commercial Paper’ is a short-term unsecured promissory note.
2. 2.‘Certificate of Deposit’ is a long-term instrument issued by the Reserve Bank of India to a corporation.
3. 3.‘Call Money’ is a short-term finance used for interbank transactions.
4. 4.‘Zero-Coupon Bonds’ are the interest bearing short-term bonds issued by the Scheduled Commercial Banks to corporations.

Which of the statements given above is/are correct?

In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis?

1. 1.The foreign currency earnings of India's IT sector
2. 2.Increasing the government expenditure
3. 3.Remittances from Indians abroad

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The Chairmen of public sector banks are selected by the

Consider the following statements:

1. 1.The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
2. 2.The Government does not impose any customs duty on all the imported edible oils as a special case.

Which of the statements given above is/are correct?

Consider the following statements:

1. 1.As per the Right to Education (RTE) Act, to be eligible for appointment as a teacher in a State, a person would be required to possess the minimum qualification laid down by the concerned State Council of Teacher Education.
2. 2.As per the RTE Act, for teaching primary classes, a candidate is required to pass a Teacher Eligibility Test conducted in accordance with the National Council of Teacher Education guidelines.
3. 3.In India, more than 90% of teacher education institutions are directly under the State Governments.

Which of the statements given above is/are correct?

Which one of the following statements correctly describes the meaning of legal tender money?

Consider the following statements:

1. 1.The Standard Mark of Bureau of Indian Standards (BIS) is mandatory for automotive tyres and tubes.
2. 2.AGMARK is a quality Certification Mark issued by the Food and Agriculture Organisation (FAO).

Which of the statements given above is/are correct?

What is/are the most likely advantages of implementing ‘Goods and Services Tax (GST)’?

1. 1.It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
2. 2.It will drastically reduce the ‘Current Account Deficit’ of India and will enable it to increase its foreign exchange reserves.
3. 3.It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future.

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The establishment of 'Payment Banks' is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?

1. 1.Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.
2. 2.Payment Banks can issue both credit cards and debit cards.
3. 3.Payment Banks cannot undertake lending activities.

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In the context of which of the following do you sometimes find the terms 'amber box, blue box and green box' in the news?

Regarding 'Atal Pension Yojana', which of the following statements is/are correct?

1. 1.It is minimum guaranteed pension scheme mainly targeted at unorganized sector workers.
2. 2.Only one member of a family can join the scheme.
3. 3.Same amount of pension is guaranteed for the spouse for life after subscriber's death.

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