Consider the following statements regarding Regional Rural Banks (RRB):

1. They are jointly set up by the central government, state government, and a public sector bank with the state government holding majority of stake.
2. They are regulated by RBI and supervised by state governments.
3. The Priority Sector Lending Target for RRB is 90 percent of their Adjusted Net Bank Credit (ANBC).

How many of the above statements are correct?

This concept discusses that taxation and borrowing are equivalent means of financing expenditure. When the government increases spending by borrowing today, which will be repaid by taxes in the future, it will have the same impact on the economy as an increase in government expenditure that is financed by a tax increase today.

Which of the following concepts has been described by the passage given above?

The output of a Japanese car company located in India would be

In the context of macroeconomics, ‘Broad Money’ includes which of the following along with currency in circulation?

Under this Public-Private Partnership model, the cost is completely borne by the government. The government invites bids for engineering knowledge from private players. Procurement of raw materials and construction costs are met by the government. The private sector’s participation is minimal and is limited to the provision of engineering expertise.

Which of the following investment models has been described the passage given above?

Consider the following statements regarding Treasury Bills (T-bills):

1. They are zero coupon securities that are issued at a discount and redeemed in face value at maturity.
2. These are long term debt instruments issued for maturities of more than 364 days.

Which of the statements given above is/are correct?

Which of the following statements best describes the Balance of Payment (BOP) of a country?

With reference to MSME categorisation, consider the following statements:

1. Micro enterprises are those with investments not more than Rs.1 crore and annual turnover not more than Rs. 5 crore.
2. Small enterprises are those with investments not more than Rs. 10 crore and annual turnover not more than Rs 50 crore.
3. Medium enterprises are those with investments not more than Rs. 100 crore and annual turnover not more than Rs. 500 crore.

Which of the statements given above is/are correct?

Consider the following statements regarding Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) in India:

1. Foreign Direct Investment (FDI) is the investment through equity instruments by a person resident outside India under certain conditions.
2. FPI often leads to technology transfer, job creation, and infrastructure development in the host country, whereas FDI primarily affects the liquidity and efficiency of financial markets.

Which of the statements given above is/are correct?

Consider the following statements regarding the World Trade Organisation (WTO):

1. All the United Nations countries are members of the WTO.
2. The General Council is the highest decision-making body of the WTO.
3. One of the objectives of the WTO is to achieve the exchange rate stability in different economies.

How many statements given above are not correct?

Consider the following statements regarding the agricultural census in India:

1. In India, it is conducted every 5 years by the Ministry of Agriculture and Farmers Welfare.
2. It is carried out as a Central Sector Scheme.
3. The first agricultural census in India was carried out during the first five-year plan.

How many of the statements given above are correct?

1. Only one
2. Only two
3. All three
4. None

Consider the following:

1. Net Income from shipping services
2. Net Income from tourism
3. Net Income from banking services

How many of the above constitute Net Non-Factor income in the Balance of Payment?

Consider the following statements regarding the Asian Infrastructure Investment Bank:

1. It was founded with the purpose to act as an alternative to the World Bank for providing funds to its member countries.
2. It is headquartered in Beijing.
3. It has permanent observer status in the deliberations of the United Nations General Assembly.

How many of the statements given above are correct?

1. Only one
2. Only two
3. All three
4. None

In the context of the economy, consider the following statements:

1. Gross national product (GNP) is obtained by deducting net factor income from abroad from the gross domestic product (GDP).
2. Net national product (NNP) is obtained by deducting depreciation from gross national product (GNP).

Which of the statements given above is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Consider the following statements regarding Minimum Support Price (MSP):

1. MSP aims to protect farmers from market fluctuations and thus prevent distress sales of crops by farmers.
2. MSP is a legally guaranteed minimum price offered by the government of India for some of the food grain and commercial crops.

Which of the statements given above is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Which of the following bodies/organizations was jointly involved in the development of the System of National Accounts (SNA), which is used to compile measures of economic activity globally?

1. United Nations
2. Ministry of Statistics and Programme Implementation
3. United States Federal Bank
4. World Economic Forum

In the context of economy, which of the following statements best describes the term “Green GDP”?

1. Contribution of the renewable energy sector in GDP.
2. Contribution of biodiversity in economic growth.
3. Colour-coded method of GDP calculation by United Nations.
4. GDP calculation after adjusting for environmental damage.

Consider the following:

1. Increase in Repo rate by the RBI
2. Decrease in direct tax rates
3. Decrease in export of items such as agricultural crops.

How many of the above will help in controlling the inflation?

1. Only one
2. Only two
3. All three
4. None

As per “Jobs for Resilience, South Asia Development Update” released by the World Bank, the South Asia region including India is not reaping its demographic dividend. In this context consider the following:

1. Exceptionally low share of women in employment
2. Weak employment trends in non-agricultural sectors
3. Employment ratio of the region is relatively lower than other emerging economies
4. Narrow demographic window, which is to exist only till 2035

How many of the above may be the causes for such a trend?

1. Only one
2. Only two
3. Only three
4. All four

Consider the following pairs:

How many of the pairs given above are correctly matched?

1. Only one
2. Only two
3. All three
4. None

Consider the following statements regarding Insurance Sector in India:

1. India’s insurance penetration is more than 10 percent of GDP.
2. The FDI limit in the insurance sector is at 51%.
3. Insurance density in India is more than 20000 rupees.

How many of the above statements are correct?

Consider the following statements regarding the World Bank Group:

1. To join the World Bank Group, a country first needs to become a member of the International Monetary Fund (IMF).
2. The International Bank for Reconstruction and Development (IBRD) offers interest-free loans to the world’s poorest countries.
3. India is a member of all five institutions of the World Bank Group.

How many of the statements given above are correct?

Consider the following actions of RBI:

1. Decreasing Interest Rates
2. Increasing Reserve requirements
3. Selling government bonds

How many of the above are likely actions of RBI during hawkish/ contractionary monetary policy?

Consider the following:

1. Gross Fiscal Deficit is obtained by excluding both revenue receipts and non-debt creating capital receipts from total expenditure.
2. The primary deficit is gross fiscal deficit minus gross interest liabilities.

Which of the statements given above is/are correct?

Consider the following statements about the Sovereign Gold Bonds (SGBs):

1. These are issued by the RBI on behalf of the government.
2. The value of these bonds is tied to the value of gold.
3. These are traded on both, the Bombay Stock Exchange and the National Stock Exchange.

How many of the above statements are not correct?

Consider the following:

1. Personal Income
2. Goods production within the country
3. Imports from other countries
4. Fees on services rendered by the government

How many of the above can be sources of tax revenue to the government?

Consider the following statements regarding the National Skill Development Corporation NSDC:

1. It is a not-for-profit public limited company, fully owned by the government.
2. Ministry of Skill Development & Entrepreneurship is the nodal agency.
3. Its main objective is to establish and run public institutions related to skill development.

How many of the above statements are correct?

Consider the following statements regarding capital markets:

1. They deal in debt as well as equity instruments.
2. Certificate of deposits and commercial papers are securities traded in the capital markets.
3. Public participation is limited in capital markets compared to the money market.

How many of the above statements are correct?

Consider the following situations:

1. Decrease of interest rates in India.
2. Decrease in demand for foreign goods.
3. Expectations of future appreciation of foreign currency.

How many of the above situations could lead to the appreciation of the Indian rupee?

Which of the following government body heads the “Indian Historical Records Commission” (IHRC)?

Consider the following statements regarding the Special Economic Zone (SEZ):

1. SEZ operate under the provisions of Special Economic Zones Act, 2005.
2. Both central and state governments have the power to establish SEZ.
3. It is deemed to be a foreign territory for trade operations, duties and tariffs.

How many of the statements given above are correct?

Consider the following:

1. Price stability
2. Economic Growth
3. Employment generation

How many of the above are the objectives of fiscal policy?

Which of the following is/are forms of narrow money?

1. Currency notes
2. Demand deposits held by commercial banks
3. Net time deposits of commercial banks

Select the correct answer using the code given below.

With reference to the Global Alliance of National Human Rights Institutions (GANHRI), consider the following statements:

1. It operates within the Office of the United Nations High Commissioner for Human Rights.
2. India is a member of it.

Which of the statements given above is/are correct?

Consider the following statements regarding special drawing rights (SDR) in the Balance of Payment:

1. It is an international reserve asset, created by the IMF to supplement its member countries official reserves.
2. The value of the SDR is based on a basket of four major currencies the US dollar, Euro, Chinese renminbi (RMB), and Japanese yen.

Which of the statements given above is/are correct?

Consider the following:

1. Hoarding and speculation
2. Increase in indirect taxes
3. Increase in administered prices of agriculture produce

How many of the above can create cost-push inflation?

Consider the following statements regarding the New Industrial Policy 1991:
1. It aimed to reduce the role of the public sector by reserving fewer industries for government control.
2. The policy relaxed regulations on competition by abolishing the Monopolistic and Restrictive Trade Practices (MRTP) limits.
Which of the statements given above is/are correct?

Which of the following funds receives the proceeds from the disinvestment of Central Public Sector Enterprises (CPSEs) in India?

Consider the following:
1. Undistributed Profits
2. Corporate taxes
3. Net Interest payments made by households
How many of the above have to be deducted from National Income to calculate Personal Income?

Consider the following:
1. Reduction in purchasing powers of wage earners
2. Credit crunch due to increase in cost of capital
3. Depreciation in currency
How many of the above are the impacts of inflation?

With reference to Prevention of Money Laundering Act (PMLA), consider the following statements:
1. The Act puts the onus on the accused to prove he is innocent while seeking bail.
2. The Act allows for the attachment of property of accused under the act.
3. The Enforcement Directorate (ED) is responsible for investigating offences under the PMLA.
How many of the statements given above are correct?

Consider the following statements:
1. Both consumption and capital goods are used to calculate the gross domestic production (GDP).
2. A part of the total output which comprises capital goods constitutes an economy’s gross investment.
Which of the statements given above is/are correct?

With reference to Exchange Traded Currency Derivative (ETCD), consider the following statements:
1. It is a standardized financial contract traded on regulated stock exchanges.
2. It is regulated by SEBI and RBI both.
Which of the statements given above is/are correct?

Consider the following statements regarding the measurement of inflation in India:
1. Wholesale Price Index (WPI) is estimated based on wholesale prices of select goods and services.
2. Currently, the base year for WPI calculation is 2011-12.
3. WPI is estimated by the Office of Economic Advisor under the Ministry of Commerce and Industry.
How many of the statements given above are correct?

Consider the following statements:
1. The usual status approach estimates only those persons as unemployed who had no gainful work for a major time during the 365 days preceding the date of survey.
2. The current weekly status approach is useful in capturing long-term open chronic unemployment but not seasonal employment.
Which of the statements given above is/are correct?

With reference to the National Pharmaceutical Pricing Authority (NPPA), consider the following statements:
1. It is an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.
2. It regulates drug prices under the Drugs (Prices Control) Order, 2013.
3. It adjusts drug prices in line with changes in the consumer price index on an annual basis.
How many of the statements given above are correct?

With reference to Child Care Leave (CCL) under Central Civil Services (Leave) Rules, 1972, consider the following statements:
1. Female employees under the age of 18 years are allowed CCL of 1 year to look after their children.
2. There is no age limit in the case of a differently abled child.
3. Denying a woman’s Child Care Leave is a violation of the constitution.
How many of the above statements are correct?

Consider the following statements regarding the Securities and Exchange Board of India (SEBI):
1. It is a statutory body.
2. It regulates all intermediaries in stock exchanges like share brokers, underwriters and mutual funds.
Which of the statements given above is/are correct?

Fair and Remunerative Price (FRP) is a guaranteed price set by the government to ensure fair compensation to farmers for the cultivation of which of the following crops?

Prasanta Chandra Mahalanobis, also known as the architect of Indian Planning, was responsible for formulating which of the following five-year plans?

Consider the following situations:
1. A decrease in the repo rate leads to a decrease in the money supply in an economy.
2. An increase in the repo rate leads to a decrease in the prices of goods (Inflation).
Which of the above situations is/are an Efficient Monetary Policy Transmission in an economy?

Consider the following:
1. Increase in agricultural production and productivity
2. Excessive Usage of Chemicals
3. Monocropping
4. Depletion of Groundwater.
How many of the above were the consequences of the Green Revolution in India?

Consider the following statements regarding micro-insurance in India:
1. It aims to promote insurance coverage among economically vulnerable sections of society.
2. It is regulated by the Reserve Bank of India (RBI).
3. Micro insurance can include both general insurance policies as well as life insurance policies.
How many of the above statements are correct?

When people are employed in a job where their presence or absence does not make any difference is known as:

Consider the following pairs:
Military Exercise   Nations involved
1. Tiger Triumph : India and the US
2. DUSTLIK : India and Uzbekistan
3. Lamitiye : India and Seychelles
How many of the above pairs are correctly matched?

Which of the following establishes the inversely proportional relation between inflation and unemployment rate?

The term “Doxxing,” often mentioned in the news, is primarily associated with:

The ASPIRE Scheme is primarily associated with which of the following objectives of the Government of India?

Consider the following statements about the Climate Technology Centre and Network (CTCN):
1. It was established at the UN Framework Convention on Climate Change Paris summit in 2016.
2. The main goal of the CTCN is to foster the transfer of climate technologies for low-carbon and climate-resilient development.
3. CTCN is the implementation arm of the Technology Mechanism of the UN Framework Convention on Climate Change.
How many of the statements given above are correct?

With reference to the Unified Payment Interface (UPI), consider the following statements:
1. The UPI Lite app can only hold a maximum of Rs 2000 at a time.
2. Users are not required to enter their UPI PIN to confirm UPI Lite payments.
3. UPI allows users to deposit cash at Cash Deposit Machines without using a debit/credit card.
How many of the statements given above are correct?

Which of the following is not a part of India’s annual budget as mandated by the Fiscal Responsibility and Budget Management Act, 2003?

Consider the following statements with reference to National Accounts Statistics:
1. At present, the Central Statistical Office (CSO) uses 2014-15 as the base year.
2. In calculating the real and nominal GDPs of the current year, the production volume is fixed.
Which of the statements given above is/are correct?

Consider the following statements about Masala Bonds:
1. Masala bonds are debt instruments issued in the Indian capital market.
2. They aim to raise funds to support private sector infrastructure development initiatives in India.
Which of the statements given above is/are correct?

Consider the following statements:
1. The Drought Prone Area Development Programme (DPAP) was launched during the first five-year plan.
2. The Rolling Plan was implemented after the rejection of the fifth five-year plan.
Which of the statements given above is/are correct?

The concept of Buffer stock of grains was introduced during which of the following five-year plans?

Which of the following organizations publish the World Development Report?

Consider the following statements regarding the ‘White label ATMs’:
1. They can accept and service all bank customers by charging fees.
2. They are owned and operated by the National Payments Corporation of India (NPCI).
Which of the statements given above is/are correct?

Which of the following are the changes made in government budgeting to make it more efficient and effective?
1. Restructuring of Centrally Sponsored schemes
2. Merger of Railway and General budget
3. Classification into Plan and Non-Plan classification
Select the correct answer using the code given below.

With reference to the Crystal Maze 2, consider the following statements:
1. It is an advanced air-launched missile developed by India under Make in India initiative.
2. It is capable of hitting a target over 250 kilometers away.
3. It is designed to target high-value movable and relocatable assets like fighter aircraft.
How many of the statements given above are correct?

Which of the following reports given below are published by the International Monetary Fund (IMF)?
1. World Economic Outlook
2. Global Economic Prospects report
3. The Fiscal Monitor
Select the correct answer using the code given below.

With reference to the Kalvari Class Submarine, consider the following statements:
1. Kalvari Class submarines feature nuclear-powered propulsion systems.
2. The Kalvari Class submarines are built as a part of the collaboration between India and Russia.
Which of the statements given above is/are correct?

The term ‘Vasuki indicus’ is often mentioned in the news in reference to

Consider the following statements:
1. Inflationary gap refers to a situation where aggregate demand is less than the productive capacity of an economy.
2. Increase in tax and reduction in transfer payments can reduce the inflationary gap.
Which of the statements given above is/are correct?

Consider the following foreign Investments:
1. A foreign manufacturer acquiring an interest in an Indian company that supplies it with the raw materials it needs.
2. A foreign company invests in an Indian business that is unrelated to its core business.
3. A foreign company establishes the same type of business operation in India as it operates in its home country.
Which of the above is/are considered as horizontal FDI coming into India?

Consider the following:
1. Economic growth
2. Modernisation
3. Self-reliance
4. Equity
How many of the above were the primary goals of the Five-year Plans in India?

Recently, AstraZeneca for the first time admitted that its COVID-19 vaccine (Covishield) had rare side effects including Thrombosis with Thrombocytopenia Syndrome (TTS). In this regard, which of the following statements best describes the term ‘Thrombosis’?

Consider the following statements regarding Outcome Budgeting:
1. It gives project-wise outlays for all ministries against outcomes listed during the year.
2. The outcomes are expected results not only in terms of monetary units or physical infrastructure but also in terms of qualitative targets and achievements.
Which of the statements given above is/are correct?

With reference to the Koodiyattam art form, consider the following statements:
1. It is a Sanskrit theatre tradition of Kerala.
2. It is performed by the Chakyar community.
3. It has been included in UNESCO’s Intangible Cultural Heritage list.
How many of the above statements are correct?

Consider the following statements regarding aviation sector in India:
1. The civil aviation sector contributes less than 3% to the GDP.
2. Director General of Civil Aviation (DGCA) is the regulatory body in the field of civil aviation.
3. Regional Connectivity Scheme-Ude Desh ka Aam Nagrik (UDAN) will be applicable on flights which cover distance between 200 km and 1200 km only.
How many of the above statements are correct?

With reference to elections in India, consider the following:
1. Damage to EVMS
2. Booth-capturing
3. Natural disasters
How many of the above are valid reasons to declare a poll at a polling station void by the Election Commission of India?

Recently, the Supreme Court has stayed the construction of four proposed dams inside Kalesar Wildlife Sanctuary. In this context, in which of the following states/union territories of India the Kalesar Wildlife Sanctuary is situated?

With reference to accounting, consider the following variables:
1. Income
2. Profits
3. Bank Balance
4. Equity Shareholdings
How many of the above are classified as flow variables?

Which of the following was the primary objective of land reforms in India post-independence?

Consider the following statements regarding the Asian Development Bank (ADB):
1. India is among the top five largest shareholders of ADB.
2. At present, it has more than 100 members.
3. It provides financing to only public sector projects and public-private partnership projects.
How many of the statements given above are correct?

Consider the following statements regarding shipping sector in India:
1. Around 95 per cent of India’s trade by volume and 68 per cent in terms of value is transported by sea.
2. Inland Water Transport (IWT) carries less than 2 percent of India’s organized freight traffic.
Which of the statements given above is/are correct?

Consider the following statements regarding the infrastructure sector of India:
1. Indian Railways is the fourth largest network in the world lengthwise.
2. National Highways constituted about 10 percent of India’s total road network.
Which of the statements given above is/are correct?

Consider the following statements:
1. An ad valorem tax is a tax based on the assessed value of an item, such as real estate or personal property.
2. The Goods and Services Tax is an ad valorem tax.
Which of the statements given above is/are correct?

Consider the following statements regarding the Financial Intelligence Unit (FIU) of India:
1. It functions under the direct jurisdiction of the Ministry of Home Affairs.
2. It is mandatory for banks in India to furnish monthly cash transaction reports to the FIU on transactions over Rs. 2.5 lakh.
Which of the statements given above is/are correct?

Which one of the following is widely used as a ripening agent for fruits?

Consider the following statements:
Statement-I: The benefits of public goods are available to all and not restricted to a particular consumer class.
Statement-II: Public goods are produced exclusively by the government.
Which one of the following is correct in respect of the above statements?

Consider the following:
1. Accepting Demand deposits
2. Remittances Services
3. Providing Net Banking and fund transfer services
4. Providing Credit cards and loans to unserved and underserved sections
How many of the above services are provided by Payment Banks in India?

“Regenerative Blue Economy – Mapping the Blue Economy” report sometimes seen in the news, was published by:

Consider the following statements regarding Telecom Sector in India:

1. India is the world’s second-largest telecommunications market with a subscriber base of over a billion.
2. Foreign direct investment of up to 74% is allowed through the automatic route.
3. The 5G network has been rolled out in all 28 states and 8 UTs in India.

How many of the above statements are correct?

With reference to Lok Adalat, consider the following statements:

1. It is one of the Alternative Dispute Resolution (ADR) mechanisms.
2. It has been granted statutory status under the Legal Services Authorities Act, 1987.
3. The persons/members deciding cases in the Lok Adalats act in a judicial capacity.

How many of the statements given above are correct?

The recently discovered 5,200-year-old Harappan settlement at “Padta Bet” is located in which of the following states?

Consider the following statements regarding the Goods and Service Tax (GST):

1. It is a single comprehensive direct tax.
2. It is a destination-based consumption tax applicable throughout the country.

Which of the statements given above is/are correct?

Consider the following pairs:

How many of the pairs given above are correctly matched?

Consider the following pairs:

How many pairs given above are correctly matched?

Consider the following statements regarding Consumer Price Index (CPI):

1. CPI measure changes over time in general level of prices of goods and services that households acquire for the purpose of consumption.
2. All the existing four types of CPI have been placed at same base year for the sake of uniformity.

Which of the statements given above is/are correct?

Consider the following statements:

1. Labour force includes all the people in the working age group of 15 to 59 years.
2. Worker population ratio is defined as the percentage of employed persons in population.
3. Unemployment rate is the percentage of persons unemployed among the persons in the labour force.

How many of the statements given above are correct?