Indian Economy PYQs

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1. Prelims 2018Q93Agriculture & Food Security

   Consider the following :

   1.Areca nut

   2.Barley

   3.Coffee

   4.Finger millet

   5.Groundnut

   6.Sesamum

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

   a1, 2, 3 and 7 onlyb2, 4, 5 and 6 onlyc1, 3, 4, 5 and 6 onlyd1, 2, 3, 4, 5, 6 and 7
2. Prelims 2018Q96Money & Banking

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

   1.Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.

   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 ?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
3. Prelims 2018Q97Taxation

   Consider the following items :

   1.Cereal grains hulled

   2.Chicken eggs cooked

   3.Fish processed and canned

   4.Newspapers containing advertising material

   Which of the above items is/are exempted under GST (Goods and Services Tax) ?

   a1 onlyb2 and 3 onlyc1, 2 and 4 onlyd1, 2, 3 and 4
4. Prelims 2017Q3Poverty, Unemployment & Social Sector

   'Recognition of Prior Learning Scheme' is sometimes mentioned in the news with reference to

   aCertifying the skills acquired by construction workers through traditional channels.bEnrolling the persons in Universities for distance learning programmes.cReserving some skilled jobs to rural and urban poor in some public sector undertakings.dCertifying the skills acquired by trainees under the National Skill Development Programme.
5. Prelims 2017Q9International Organisations & Reports

   Which of the following gives 'Global Gender Gap Index' ranking to the countries of the world ?

   aWorld Economic ForumbUN Human Rights CouncilcUN WomendWorld Health Organization
6. Prelims 2017Q11Money & Banking

   Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC) ?

   1.It decides the RBI's benchmark interest rates.

   2.It is a 12-member body including the Governor of RBI and is reconstituted every year.

   3.It functions under the chairmanship of the Union Finance Minister.

   Select the correct answer using the code given below :

   a1 onlyb1 and 2 onlyc3 onlyd2 and 3 only
7. Prelims 2017Q23Poverty, Unemployment & Social Sector

   Which of the following are the objectives of 'National Nutrition Mission' ?

   1.To create awareness relating to malnutrition among pregnant women and lactating mothers.

   2.To reduce the incidence of anaemia among young children, adolescent girls and women.

   3.To promote the consumption of millets, coarse cereals and unpolished rice.

   4.To promote the consumption of poultry eggs.

   Select the correct answer using the code given below :

   a1 and 2 onlyb1, 2 and 3 onlyc1, 2 and 4 onlyd3 and 4 only
8. Prelims 2017Q29Financial Markets & Institutions

   Who among the following can join the National Pension System (NPS) ?

   aResident Indian citizens onlybPersons of age from 21 to 55 onlycAll State Government employees joining the services after the date of notification by the respective State GovernmentsdAll Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004
9. Prelims 2017Q33Agriculture & Food Security

   What is/are the advantage/advantages of implementing the 'National Agriculture Market' scheme ?

   1.It is a pan-India electronic trading portal for agricultural commodities.

   2.It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.

   Select the correct answer using the code given below :

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
10. Prelims 2017Q34International Trade & WTO

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

    1.It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.

    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 ?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
11. Prelims 2017Q40Money & Banking

    What is the purpose of setting up of Small Finance Banks (SFBs) in India ?

    1.To supply credit to small business units

    2.To supply credit to small and marginal farmers

    3.To encourage young entrepreneurs to set up business particularly in rural areas.

    Select the correct answer using the code given below :

    a1 and 2 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
12. Prelims 2017Q43Money & Banking

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

    aMobile wallets will not be necessary for online payments.bDigital currency will totally replace the physical currency in about two decades.cFDI inflows will drastically increase.dDirect transfer of subsidies to poor people will become very effective.
13. Prelims 2017Q55Industry & Infrastructure

    With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct ?

    1.It is an organ of NITI Aayog.

    2.It has a corpus of ₹ 4,00,000 crore at present.

    Select the correct answer using the code given below :

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
14. Prelims 2017Q56International Organisations & Reports

    The Global Infrastructure Facility is a/an

    aASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.bWorld Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.cCollaboration among the major banks of the world working with the OECD and focused on expanding the set of infrastructure projects that have the potential to mobilize private investment.dUNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
15. Prelims 2017Q61Poverty, Unemployment & Social Sector

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

    1.Under NSQF, a learner can acquire the certification for competency only through formal learning.

    2.An outcome expected from the implementation of NSQF is the mobility between vocational and general education.

    Select the correct answer using the code given below :

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
16. Prelims 2017Q63Poverty, Unemployment & Social Sector

    Consider the following in respect of 'National Career Service' :

    1.National Career Service is an initiative of the Department of Personnel and Training, Government of India.

    2.National Career Service has been launched in a Mission Mode to improve the employment opportunities to uneducated youth of the country.

    Which of the above statements is/are correct ?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
17. Prelims 2017Q64Money & Banking

    Which of the following statements best describes the term 'Scheme for Sustainable Structuring of Stressed Assets (S4A)', recently seen in the news ?

    aIt is a procedure for considering ecological costs of developmental schemes formulated by the Government.bIt is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.cIt is a disinvestment plan of the Government regarding Central Public Sector Undertakings.dIt is an important provision in 'The Insolvency and Bankruptcy Code' recently implemented by the Government.
18. Prelims 2017Q72Agriculture & Food Security

    Consider the following statements :

    The nation-wide 'Soil Health Card Scheme' aims at

    1.expanding the cultivable area under irrigation.

    2.enabling the banks to assess the quantum of loans to be granted to farmers on the basis of soil quality.

    3.checking the overuse of fertilizers in farmlands.

    Which of the above statements is/are correct ?

    a1 and 2 onlyb3 onlyc2 and 3 onlyd1, 2 and 3
19. Prelims 2017Q77External Sector: BoP, FDI & Exchange Rate

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

    1.Share of agriculture in GDP increased enormously.

    2.Share of India's exports in world trade increased.

    3.FDI inflows increased.

    4.India's foreign exchange reserves increased enormously.

    Select the correct answer using the codes given below :

    a1 and 4 onlyb2, 3 and 4 onlyc2 and 3 onlyd1, 2, 3 and 4
20. Prelims 2017Q79Money & Banking

    Consider the following statements :

    1.National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.

    2.NPCI has launched RuPay, a card payment scheme.

    Which of the statements given above is/are correct ?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2