Indian Economy PYQs

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1. Prelims 2016Q37International Organisations & Reports

   India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?

   aOrganization for Economic Cooperation and Development (OECD)bWorld Economic ForumcWorld BankdWorld Trade Organization (WTO)
2. Prelims 2016Q43Money & Banking

   What is/are the purpose/purposes of the 'Marginal Cost of Funds based Lending Rate (MCLR)' announced by RBI?

   1.These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.

   2.These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.

   Select the correct answer using the code given below.

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
3. Prelims 2016Q48Agriculture & Food Security

   With reference to 'Initiative for Nutritional Security through Intensive Millets Promotion', which of the following statements is/are correct?

   1.This initiative aims to demonstrate the improved production and post-harvest technologies, and to demonstrate value addition techniques, in an integrated manner, with cluster approach.

   2.Poor, small, marginal and tribal farmers have larger stake in this scheme.

   3.An important objective of the scheme is to encourage farmers of commercial crops to shift to millet cultivation by offering them free kits of critical inputs of nutrients and microirrigation equipment.

   Select the correct answer using the code given below.

   a1 onlyb2 and 3 onlyc1 and 2 onlyd1, 2 and 3
4. Prelims 2016Q56Financial Markets & Institutions

   With reference to 'Financial Stability and Development Council', consider the following statements :

   1.It is an organ of NITI Aayog.

   2.It is headed by the Union Finance Minister.

   3.It monitors macroprudential supervision of the economy.

   Which of the statements given above is/are correct?

   a1 and 2 onlyb3 onlyc2 and 3 onlyd1, 2 and 3
5. Prelims 2016Q60Taxation

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

   amining operation by multinational companies in resource-rich but backward areasbcurbing of the tax evasion by multinational companiescexploitation of genetic resources of a country by multinational companiesdlack of consideration of environmental costs in the planning and implementation of developmental projects
6. Prelims 2016Q61Industry & Infrastructure

   Recently, India's first 'National Investment and Manufacturing Zone' was proposed to be set up in

   aAndhra PradeshbGujaratcMaharashtradUttar Pradesh
7. Prelims 2016Q62Industry & Infrastructure

   What is/are the purpose/purposes of 'District Mineral Foundations' in India?

   1.Promoting mineral exploration activities in mineral-rich districts

   2.Protecting the interests of the persons affected by mining operations

   3.Authorizing State Governments to issue licences for mineral exploration

   Select the correct answer using the code given below.

   a1 and 2 onlyb2 onlyc1 and 3 onlyd1, 2 and 3
8. Prelims 2016Q63Poverty, Unemployment & Social Sector

   'SWAYAM', an initiative of the Government of India, aims at

   apromoting the Self Help Groups in rural areasbproviding financial and technical assistance to young start-up entrepreneurscpromoting the education and health of adolescent girlsdproviding affordable and quality education to the citizens for free
9. Prelims 2016Q66Money & Banking

   With reference to 'Bitcoins', sometimes seen in the news, which of the following statements is/are correct?

   1.Bitcoins are tracked by the Central Banks of the countries.

   2.Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address.

   3.Online payments can be sent without either side knowing the identity of the other.

   Select the correct answer using the code given below.

   a1 and 2 onlyb2 and 3 onlyc3 onlyd1, 2 and 3
10. Prelims 2016Q67International Organisations & Reports

    Consider the following statements :

    1.New Development Bank has been set up by APEC.

    2.The headquarters of New Development Bank is in Shanghai.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
11. Prelims 2016Q71Financial Markets & Institutions

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

    1.To bring the idle gold lying with Indian households into the economy

    2.To promote FDI in the gold and jewellery sector

    3.To reduce India's dependence on gold imports

    Select the correct answer using the code given below.

    a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
12. Prelims 2016Q73Money & Banking

    Pradhan Mantri MUDRA Yojana is aimed at

    abringing the small entrepreneurs into formal financial systembproviding loans to poor farmers for cultivating particular cropscproviding pensions to old and destitute personsdfunding the voluntary organizations involved in the promotion of skill development and employment generation
13. Prelims 2016Q75International Organisations & Reports

    'Global Financial Stability Report' is prepared by the

    aEuropean Central BankbInternational Monetary FundcInternational Bank for Reconstruction and DevelopmentdOrganization for Economic Cooperation and Development
14. Prelims 2016Q76Poverty, Unemployment & Social Sector

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

    1.It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.

    2.Only one member of a family can join the scheme.

    3.Same amount of pension is guaranteed for the spouse for life after subscriber's death.

    Select the correct answer using the code given below.

    a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
15. Prelims 2016Q77International Trade & WTO

    The term 'Regional Comprehensive Economic Partnership' often appears in the news in the context of the affairs of a group of countries known as

    aG20bASEANcSCOdSAARC
16. Prelims 2016Q82International Organisations & Reports

    'European Stability Mechanism', sometimes seen in the news, is an

    aagency created by EU to deal with the impact of millions of refugees arriving from Middle Eastbagency of EU that provides financial assistance to eurozone countriescagency of EU to deal with all the bilateral and multilateral agreements on tradedagency of EU to deal with the conflicts arising among the member countries
17. Prelims 2015Q1Money & Banking

    'Pradhan Mantri Jan-Dhan Yojana' has been launched for

    aproviding housing loan to poor people at cheaper interest ratesbpromoting women's Self-Help Groups in backward areascpromoting financial inclusion in the countrydproviding financial help to the marginalized communities
18. Prelims 2015Q2Fiscal Policy & Budget

    With reference to the Fourteenth Finance Commission, which of the following statements is/are correct?

    1.It has increased the share of States in the central divisible pool from 32 percent to 42 percent.

    2.It has made recommendations concerning sector-specific grants.

    Select the correct answer using the code given below.

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
19. Prelims 2015Q4Taxation

    A decrease in tax to GDP ratio of a country indicates which of the following?

    1.Slowing economic growth rate

    2.Less equitable distribution of national income

    Select the correct answer using the code given below.

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
20. Prelims 2015Q8Industry & Infrastructure

    In the 'Index of Eight Core Industries', which one of the following is given the highest weight?

    aCoal productionbElectricity generationcFertilizer productiondSteel production