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Exam Year: 2026

  • ,

    Consider the following statements about Multidimensional Poverty Index (MPI):
    1. MPI is calculated using Alkire-Foster methodology.
    2. MPI calculated by NITI Aayog has a total of twelve indicators.
    3. Maternal Health and Bank Account are common indicators in both NITI Aayog MPI and UNDP MPI.

    (a)

    1 and 2 only

    (b)

    1, 2 and 3

    (c)

    1 and 3 only

    (d)

    2 only

    Correct Answer:

    A

  • ,

    Consider the following statements about the Non-Banking Financial Companies (NBFCs) in
    India:
    1. NBFCs cannot accept demand deposits.
    2. All the NBFCs operating in India have to be registered with the RBI.
    3. NBFCs form part of the payment and settlement system and can issue cheque drawn on
    itself.
    4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation
    (DICGC) is not available to the depositors of deposit taking NBFCs.
    Which of the statements given above is/are correct?

    (a)

    1 and 4

    (b)

    1, 2 and 3

    (c)

    4 only

    (d)

    2, 3 and 4

    Correct Answer:

    A

  • ,

    With reference to different Committees in India, consider the following details:
    Sl. No. Committee | Objective | Organization under which it was formed
    1.R.N. Malhotra Committee | Comprehensive reforms of Insurance sector in India | Insurance Regulatory and Development Authority of India
    2.L.C. Gupta Committee | Preparing a roadmap for the introduction of derivatives trading in India | Securities and Exchange Board of India
    3.Urjit R. Patel Committee | Preparing a roadmap for reforming bank lending to the Housing sector | Reserve Bank of India
    4.Y.H. Malegam Committee | Preparing a roadmap for reforms in Microfinance sector in India | Reserve Bank of India
    In how many of the above rows are all the details correctly matched?

    (a)

    2 only

    (b)

    2 and 3

    (c)

    1, 3 and 4

    (d)

    2 and 4

    Correct Answer:

    D

  • ,

    Which of the following statements about Crowdfunding is/are correct?
    1. Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project.
    2. Small and Medium Enterprises (SMEs) are able to raise funds at lower cost of capital without undergoing rigorous procedures.

    (a)

    1 only

    (b)

    2 only

    (c)

    Both 1 and 2

    (d)

    Neither 1 nor 2

    Correct Answer:

    C

  • ,

    Which of the following statements about insurance in aviation sector is/are correct?
    1. ‘Aviation Hull Insurance’ covers the physical aircraft, including the body, engine, and onboard equipment.
    2. Under the Montreal Convention, adopted in 1999 by over 130 countries, including India,
    airlines are strictly liable to pay compensation to the family/nominee of every deceased
    passenger without requiring the family to prove fault.
    Select the answer using the code given below:

    (a)

    1 only

    (b)

    2 only

    (c)

    Both 1 and 2

    (d)

    Neither 1 nor 2

    Correct Answer:

    C

  • ,

    Which of the following statements about Rare Earth Elements (REEs) and Critical Minerals is/are correct?
    1. Modern technological innovations including Artificial Intelligence, robotics and space
    exploration extensively utilise Rare Earth Elements (REEs).
    2. China has the highest share in mining of REEs followed by India.
    3. The Government of India launched the National Critical Mineral Mission (NCMM) in 2025 to establish a robust framework for self-reliance in the critical mineral sector.
    4. Rare Earth Elements are a set of 13 metallic elements.
    Select the answer using the code given below:

    (a)

    1 and 3 only

    (b)

    3 only

    (c)

    1, 3 and 4

    (d)

    1, 2 and 4

    Correct Answer:

    A

  • ,

    Which one of the following best describes the ‘Crowding Out Effect’ in the context of fiscal policy?

    (a)

    A situation where private investment increases due to increased Government spending

    (b)

    A situation where Government borrowing leads to higher interest rates, which reduces private investment

    (c)

    A situation where an increase in taxes leads to increased private sector investment

    (d)

    A situation where Government spending has no impact on aggregate demand

    Correct Answer:

    B

  • ,

    Which of the following statements about M1xchange’s role in MSMEs financing is/are correct?
    1. M1xchange provides collateral based loans to MSMEs.
    2. M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs.
    3. M1xchange functions as a credit rating agency for MSMEs.

    (a)

    1, 2 and 3

    (b)

    2 only

    (c)

    2 and 3 only

    (d)

    1 only

    Correct Answer:

    B

  • ,

    A bond whose proceeds are used only to finance or refinance a combination of both environmental and social projects is called:

    (a)

    Green Bond

    (b)

    Social Bond

    (c)

    Sustainability Bond

    (d)

    Sovereign Bond

    Correct Answer:

    C

  • ,

    Which of the following statements about Real-World Assets (RWA) Tokenization are
    correct?
    1. Tokenization is the process of turning real world assets into digital tokens using blockchain
    technology.
    2. Tokenization of real world assets offers 24×7 access, promoting financial inclusion.
    3. Tokenization of real world assets will allow the access to high growth investment
    opportunities for individuals in India.
    Select the answer using the code given below:

    (a)

    1, 2 and 3

    (b)

    2 and 3 only

    (c)

    1 and 2 only

    (d)

    1 and 3 only

    Correct Answer:

    A