Indian Economy PYQs

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1. Prelims 2024Q53Money & Banking

   Consider the following statements in respect of the digital rupee :

   1.It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy.

   2.It appears as a liability on the RBI's balance sheet.

   3.It is insured against inflation by its very design.

   4.It is freely convertible against commercial bank money and cash.

   Which of the statements given above are correct ?

   a1 and 2 onlyb1 and 3 onlyc2 and 4 onlyd1, 2 and 4
2. Prelims 2024Q59International Organisations & Reports

   Consider the following statements :

   1.India is a member of the International Grains Council.

   2.A country needs to be a member of the International Grains Council for exporting or importing rice and wheat.

   Which of the statements given above is/are correct ?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
3. Prelims 2024Q85Fiscal Policy & BudgetAnswer disputed

   With reference to Union Budget, consider the following statements :

   1.The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.

   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 ?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
4. Prelims 2024Q92International Trade & WTO

   Consider the following statements :

   Statement-I :

   India does not import apples from the United States of America.

   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 ?

   aBoth Statement-I and Statement-II are correct and Statement-II explains Statement-IbBoth Statement-I and Statement-II are correct, but Statement-II does not explain Statement-IcStatement-I is correct, but Statement-II is incorrectdStatement-I is incorrect, but Statement-II is correct
5. Prelims 2024Q98Agriculture & Food Security

   With reference to the Digital India Land Records Modernisation Programme, consider the following statements :

   1.To implement the scheme, the Central Government provides 100% funding.

   2.Under the Scheme, Cadastral Maps are digitised.

   3.An initiative has been undertaken to transliterate the Records of Rights from local language to any of the languages recognized by the Constitution of India.

   Which of the statements given above are correct ?

   a1 and 2 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
6. Prelims 2024Q99Poverty, Unemployment & Social Sector

   With reference to the 'Pradhan Mantri Surakshit Matritva Abhiyan', consider the following statements :

   1.This scheme guarantees a minimum package of antenatal care services to women in their second and third trimesters of pregnancy and six months post-delivery health care service in any government health facility.

   2.Under this scheme, private sector health care providers of certain specialities can volunteer to provide services at nearby government health facilities.

   Which of the statements given above is/are correct ?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
7. Prelims 2024Q100Poverty, Unemployment & Social Sector

   With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements :

   1.The entry age group for enrolment in the scheme is 21 to 40 years.

   2.Age specific contribution shall be made by the beneficiary.

   3.Each subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years.

   4.Family pension is applicable to the spouse and unmarried daughters.

   Which of the statements given above is/are correct ?

   a1, 3 and 4b2 and 3 onlyc2 onlyd1, 2 and 4
8. Prelims 2023Q21Financial Markets & Institutions

   Consider the following statements :

   Statement–I :

   Interest income from the deposits in Infrastructure Investment Trusts (InvITs) distributed to their investors is exempted from tax, but the dividend is taxable.

   Statement–II :

   InvITs are recognized as borrowers under the ‘Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002’.

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

   aBoth Statement–I and Statement–II are correct and Statement–II is the correct explanation for Statement–IbBoth Statement–I and Statement–II are correct and Statement–II is not the correct explanation for Statement–IcStatement–I is correct but Statement–II is incorrectdStatement–I is incorrect but Statement–II is correct
9. Prelims 2023Q22Money & Banking

   Consider the following statements :

   Statement–I :

   In the post-pandemic recent past, many Central Banks worldwide had carried out interest rate hikes.

   Statement–II :

   Central Banks generally assume that they have the ability to counteract the rising consumer prices via monetary policy means.

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

   aBoth Statement–I and Statement–II are correct and Statement–II is the correct explanation for Statement–IbBoth Statement–I and Statement–II are correct and Statement–II is not the correct explanation for Statement–IcStatement–I is correct but Statement–II is incorrectdStatement–I is incorrect but Statement–II is correct
10. Prelims 2023Q24Money & Banking

    Which one of the following activities of the Reserve Bank of India is considered to be part of 'sterilization'?

    aConducting 'Open Market Operations'bOversight of settlement and payment systemscDebt and cash management for the Central and State GovernmentsdRegulating the functions of Non-banking Financial Institutions
11. Prelims 2023Q25Financial Markets & Institutions

    Consider the following markets :

    1.Government Bond Market

    2.Call Money Market

    3.Treasury Bill Market

    4.Stock Market

    How many of the above are included in capital markets?

    aOnly onebOnly twocOnly threedAll four
12. Prelims 2023Q26Agriculture & Food Security

    Which one of the following best describes the concept of 'Small Farmer Large Field'?

    aResettlement of a large number of people, uprooted from their countries due to war, by giving them a large cultivable land which they cultivate collectively and share the producebMany marginal farmers in an area organize themselves into groups and synchronize and harmonize selected agricultural operationscMany marginal farmers in an area together make a contract with a corporate body and surrender their land to the corporate body for a fixed term for which the corporate body makes a payment of agreed amount to the farmersdA company extends loans, technical knowledge and material inputs to a number of small farmers in an area so that they produce the agricultural commodity required by the company for its manufacturing process and commercial production
13. Prelims 2023Q27Agriculture & Food Security

    Consider the following statements :

    1.The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds.

    2.Niger is cultivated as a Kharif crop.

    3.Some tribal people in India use niger seed oil for cooking.

    How many of the above statements are correct?

    aOnly onebOnly twocAll threedNone
14. Prelims 2023Q28National Income & Growth

    Consider the investments in the following assets :

    1.Brand recognition

    2.Inventory

    3.Intellectual property

    4.Mailing list of clients

    How many of the above are considered intangible investments?

    aOnly onebOnly twocOnly threedAll four
15. Prelims 2023Q29Fiscal Policy & Budget

    Consider the following :

    1.Demographic performance

    2.Forest and ecology

    3.Governance reforms

    4.Stable government

    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?

    aOnly twobOnly threecOnly fourdAll five
16. Prelims 2023Q30International Organisations & Reports

    Consider the following infrastructure sectors :

    1.Affordable housing

    2.Mass rapid transport

    3.Health care

    4.Renewable energy On how many of the above does UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focus for its investments?

    aOnly onebOnly twocOnly threedAll four
17. Prelims 2023Q51Poverty, Unemployment & Social Sector

    Consider the following statements in relation to Janani Suraksha Yojana :

    1.It is a safe motherhood intervention of the State Health Departments.

    2.Its objective is to reduce maternal and neonatal mortality among poor pregnant women.

    3.It aims to promote institutional delivery among poor pregnant women.

    4.Its objective includes providing public health facilities to sick infants up to one year of age.

    How many of the statements given above are correct?

    aOnly onebOnly twocOnly threedAll four
18. Prelims 2023Q52Poverty, Unemployment & Social Sector

    Consider the following statements in the context of interventions being undertaken under Anaemia Mukt Bharat Strategy :

    1.It provides prophylactic calcium supplementation for pre-school children, adolescents and pregnant women.

    2.It runs a campaign for delayed cord clamping at the time of child-birth.

    3.It provides for periodic deworming to children and adolescents.

    4.It addresses non-nutritional causes of anaemia in endemic pockets with special focus on malaria, hemoglobinopathies and fluorosis.

    How many of the statements given above are correct?

    aOnly onebOnly twocOnly threedAll four
19. Prelims 2023Q71Industry & Infrastructure

    Consider the following statements with reference to India :

    1.According to the ‘Micro, Small and Medium Enterprises Development (MSMED) Act, 2006’, the ‘medium enterprises’ are those with investments in plant and machinery between ₹15 crore and ₹25 crore.

    2.All bank loans to the Micro, Small and Medium Enterprises qualify under the priority sector.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
20. Prelims 2023Q72Money & Banking

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

    1.It is possible to make payments in a digital currency without using US dollar or SWIFT system.

    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?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2