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Showing 99 questions2017 ×(remove filter)Clear all

All subjects 99 Agriculture 1 Art and Culture 7CSAT 0Economics 12 Environment 15Ethics 0Geography 8 Governance 14 International Relations 8 Modern History 7Off Topics 0Polity 21 Science and Technology 6

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Economics › Differentiated Banks

Economics › Differentiated Banks

2017

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:

Options

(a)

1 and 2 only

(b)

2 and 3 only

(c)

1 and 3 only

(d)

1, 2and 3

Answer

(A)
Economics › Digital Payments,Digital Infrastructure

Economics › Digital Payments,Digital Infrastructure

2017

Consider the following statements:

1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
2. NCPI has launched RuPay, a card Payment scheme.

Which of the statements given above is/are correct?

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(C)
Economics › Digital Payments,Digital Infrastructure

2017

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

Options

(a)

Mobile wallets will not be necessary for online payments.

(b)

Digital currency will totally replace the physical currency in about two decades.

(c)

FDI inflows will drastically increase.

(d)

Direct transfer of subsidies to poor people will become very effective.

Answer

(A)
Economics › Economic Growth,LPG,Planning

Economics › Economic Growth,LPG,Planning

2017

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:

Options

(a)

1 and 4 only

(b)

2, 3 and 4 only

(c)

2 and 3 only

(d)

1, 2, 3 and 4

Answer

(B)
Economics › Economic Growth,LPG,Planning

2017

The term ‘Domestic Content Requirement’ is sometimes seen in the news with reference to

Options

(a)

Developing solar power production in our country.

(b)

Granting licenses to foreign T.V. channels in our country.

(c)

Exporting our food products to other countries.

(d)

Permitting foreign educational institutions to set up their campuses in our country.

Answer

(A)
Economics › GST

Economics › GST

2017

Consider the following statements :
1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.

Which of the statements given- above is/are correct ?

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(D)
Economics › GST

2017

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

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

Select the correct answer using the code given below:

Options

(a)

1 only

(b)

2 and 3 only

(c)

1 and 3 only

(d)

1, 2 and 3

Answer

(A)
Economics › Investment Funds

Economics › Investment Funds

2017

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 Rs. 4,00,000 crore at present.

Select the correct answer using the code given below :

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(D)
Economics › RBIxFunctions

Economics › RBIxFunctions

2017

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:

Options

(a)

1 only

(b)

1 and 2 only

(c)

3 only

(d)

2 and 3 only

Answer

(A)
Economics › Trade

Economics › Trade

2017

‘Broad-based Trade and Investment Agreement (BTIA)’ is sometimes seen in the news in the context of negotiations held between India and

Options

(a)

European Union

(b)

Gulf Cooperation Council

(c)

Organization for Economic Cooperation and Development

(d)

Shanghai Cooperation Organization

Answer

(A)

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