1. Which of the following
statements best k describes the term 'Scheme for Sustainable Structuring of
Stressed Assets (S4A)', recently seen in the news?
(a) It is a
procedure for considering ecological costs of developmental schemes formulated
by the Government.
(b) It is a
scheme of RBI for reworking the financial structure of big corporate entities
facing genuine difficulties.
(c) It is a
disinvestment plan of the Government regarding Central Public Sector
Undertakings.
(d) It is
an important provision in 'The Insolvency and Bankruptcy Code' recently
implemented by the Government.
Answer. B
2. Which of the following has/have
occurred in India after its liberalization of economic policies in 1991?
1. The 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 :
(a) 1 and 4
only
(b) 2, 3
and 4 only
(c) 2 and 3
only
(d) 1, 2, 3
and 4
Answer. B
3. Consider the following statements:
1. National
Payments Corporation of India (NPCI) helps in promoting financial inclusion
in the country.
2. NPCI has
launched RuPay, a card payment scheme.
Which of
the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1
and 2
(d) Neither
1 nor 2
Answer. c
4. 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 the economy of India and will enable it to overtake
China in the near future.
Select the correct answer
using the code given below:
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer. a
5. 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?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer. d
6. What is the
purpose of setting up of Small 9 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:
(a) 1 and 2
only
(b) 2 and 3
only
(c) 1 and 3
only
(d) 1, 2
and 3
Answer. a
7. Which of
the following is the most likely consequence of implementing the 'Unified
Payments Interface (UPI)’?
(a) Mobile
wallets will not be necessary for online payments.
(b) The 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
8. 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 :
(a) 1 only
(b) 1 and 2
only
(c) 3 only
(d) 2 and 3
only
Answer. a
9. The Trade
Disputes Act of 1929 provided for
(a) the
participation of workers in the management of industries.
(b)
arbitrary powers to the management to quell industrial disputes.
(c) an
intervention by the British Court in the event of a trade dispute.
(d) a
system of tribunals and a ban on strikes.
Answer. d
10. Consider
the following statements:
1. The
Factories Act, 1881 was passed with a view to fix the wages of industrial
workers and to allow the workers to form trade unions.
2. N.M.
Lokhande was a pioneer in organizing the labor movement in British India.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1
and 2
(d) Neither
1 nor 2
Answer. b
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