Subject: Economics

Q.1) Consider the following statements regarding the ‘Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)’:
1. First BIMSTEC summit was held in Thailand.
2. The ADB(Asian Development Partner) is BIMSTEC’s development partner.
Which of the statements given above is/are correct?
a) Neither 1 nor 2
b) 1 only
c) 2 only
d) Both are correct

Q.2) What is ‘Swiss Challenge’, which was recently seen in news?
a) It is one of the ways of awarding government contracts to private players.
b) It is one of the ways of awarding private contracts to government players.
c) It is one of the ways of implementing government schemes through private players.
d) Both (a) and (b)

Q.3) Agreement on Agriculture(AoA) is related to
a) World Trade Organisation
b) SAARC
c) Food and Agriculture Organization
d) BIMSTEC

Q.4) Consider the following statements regarding the ‘World Trade Organization’:
1. All the UN members are members of the WTO.
2. Its headquarter is in Geneva, Switzerland.
Which of the statements given above is/are correct?
a) Both are correct
b) 1 only
c) 2 only
d) Neither 1 nor 2

Q.5) Consider the following statements regarding the ‘Foreign Portfolio Investment (FPI)’:
1. All FPI taken together cannot acquire more than 24 per cent of the paid up capital of an Indian Company.
2. Any equity investment by non-residents which is less than or equal to 10% of capital in a company is portfolio investment.
Which of the statements given above is/are correct?
a) Both are correct
b) 1 only
c) 2 only
d) Neither 1 nor 2

Q.6) With reference to ‘LiFi’, recently in the news which of the following statements is / are correct? (CSE: 2016)
1. It uses light as the medium for high speed data transmission
2. it is a wireless technology and is several times faster than ‘WiFi’
Select the correct answer using the code given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Q.7) The term ‘Intended Nationally Determined Contributions’ is sometimes seen in the news in the context of (CSE: 2016)
a) Pledges made by the European countries to rehabilitate refugees from the war-affected Middle East
b) Plan of action outlined by the countries of the world to combat climate change
c) Capital contributed by the member countries in the establishment of Asian Infrastructure Investment Bank
d) Plan of action outlined by the countries of the world regarding Sustainable Development Goals

Q.8) Which one of the following is a purpose of ‘UDAY’, a scheme of the Government? (CSE: 2016)
a) Providing technical and financial assistance to the start-up entrepreneurs in the field of renewable sources of energy
b) Providing electricity to every household in the country of 2018
c) Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time
d) Providing for financial turnaround and revival of power distribution companies

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