Current Economics MCQs (Jan by CA Rahul Kumar 350+ Current

Current Economics MCQs (Jan

2019 to Feb 20) + Eco Survey 2020

WriteToBeIAS.com Prelims 2020 Online Classes

by CA Rahul Kumar

1 Telegram https://t.me/IASeconomy Youtube https://tinyurl.com/yx22y2yl

350+ Current Economy

MCQs for Prelims 2020

By CA Rahul Kumar

Period : Jan 2019 to Feb. 2020 + Economic Survey

For answers and detailed explanations (with original source links)

1) Join our telegram channel https://t.me/IASeconomy

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Sources –

1) The Hindu and Indian Express

2) P.I.B.

3) Economic Survey (latest 2)

4) Budget 2020 (latest 2)

5) NITI Aayog Strategy document

6) Yojna monthly

You know “More than 90% of the Economy Questions are asked from

last 1.5 Years current affairs only

https://t.me/IASeconomy

https://tinyurl.com/yx22y2yl






by CA Rahul Kumar


INDEX

Sn.

No.

Name of the Topic (No of MCQs) Page No

1. National Income (21) 2

2. Money and Banking (31) 7

3. External Sectorincl International Institutions (37) 16

4. Money and Capital Markets +NBFC (19) 24

5. Public Finance (7) 28

6. Taxation (26) 30

7. Inflation (4) 35

8. Unemployment and Poverty (25) 36

9. Population and Demography (1) 40

10. International Institutions(27) 40

11. Industry(37) 45

12. Agriculture(39) 53

13. Infrastructure 14 61

14. Social Sector(14) 63

15. Service Sector 4 66

16. Sustainable Development 22 67

17. Government Sector 27 72

18. Miscellaneous 12 77

Note – Questions given in blue font are from Economic Survey 2019-20






by CA Rahul Kumar


NATIONAL INCOME

Q1. Consider following statements:

1. The Fifth Economic Census (5th EC) is being conducted by Ministry of Statistics and

Programme Implementation (MoSPI) in 2019.

2. Economic Census is the complete count of all establishment located within the geographical

boundary of India.

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

Q2. The goal to make India a 5 trillion dollar economy is to be achieved by?

(a) 2022

(b) 2024

(c) 2020

(d)2030

Q3.Consider the following statements about the Indian Economy -

1. India’s GDP growth has steadily increased from 2017.

2. India is the fifth largest economy in terms of GDP.

Select the correct code

a. 1 only

b. 2 only

c. Both a and b

d. Neither a nor b

Q4.World Economic Outlook is published by

a. OECD

b. World Bank

c. IMF

d. UNCTAD

Q5.Consider the following statements

1. On the supply side, the deceleration in GDP growth has been contributed generally by all

sectors.

2. On the demand side, the deceleration in GDP growth was caused by a decline in the growth

of real fixed investment.


a. 1 only

b. 2 only

c. Both a and b

d. Neither a nor b


1. The length of India's business cycle is about 13 quarters.






by CA Rahul Kumar


2. The last recorded low growth was in in Q2 of 2019-20


a. 1 only

b. 2 only

c. Both a and b

d. Neither a nor b


1. There has been an uptick in headline inflation.

2. The Wholesale Price Index (WPI) inflation has increased sharply.


a. 1 only

b. 2 only

c. Both a and b

d. Neither a nor b


1. There has been a decrease in the share of formal employment.

2. In urban regions, there has been a shift of employment from salaried jobs to self- employed.


a. 1 only

b. 2 only

c. Both a and b

d. Neither a nor b


1. The stance of the Monetary Policy Committee of the Reserve Bank of India was

accommodative.

2. The transmission of policy rates has been stagnant across different market segments.


a. 1 only

b. 2 only

c. Both a and b

d. Neither a nor b

Q10. Which of the following statements are true about GVA contribution

(i) Share of agriculture and allied sectors in the total GVA of the country has declined.

(ii) The contribution of industrial activities to GVA has increased.

(iii) The contribution of the services sector to GVA has moved ahead faster.


a. (i), (ii, (iii)

b. (i), (iii) only

c. (ii), (iii) only

d. All the above

Q11. Consider the following statements






by CA Rahul Kumar


1. Highest component in the composition of government expenditure is the expenditure on

defence services, salaries, pensions, interest payments and major subsidies.

2. The share of capital expenditure in total expenditure is envisaged to decline

Which of the following statements are true?

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q12. Which among the following statements is not true?

a. Revenue receipts have grown at a much higher pace during the current financial year.

b. There is low growth in Net Tax revenue.

c. Capital expenditure has grown at roughly three times compared to the last financial year.

d. There has been an increase in the fiscal deficit of the Central Government compared to last

year.


1. Out of the total liabilities of the Central Government. 90% of it is public debt.

2. The total liabilities of the Central Government, as a ratio of GDP, has been consistently

declining.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. The fiscal deficit of the General Government is expected to decline in 2019-20.

2. The combined liabilities of Centre and States have also decreased in 2019.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Ans: a


1. Out of the six Members of Monetary Policy Committee, three Members will be from the RBI and

the other three Members of MPC will be appointed by the Central Government.

2. The Members of the Monetary Policy Committee appointed by the Central Government shall

hold office for a period of two years.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q16. Consider the following:






by CA Rahul Kumar


1. India’s GDP in nominal terms is higher than its GDP in purchasing power parity (PPP) terms.

2. The economy of India is a developing mixed economy.


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

Q17. Consider the following statements:-

1. India currently spends 2.5 per cent of the GDP on health.

2. United States currently spends about 8.5% of its GDP on health.

Which statement/statements given above is/are correct?

Select the correct answer using the codes given below.

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None

Q18. Which of the following is/are included in Public Debt of India:-

1. Small savings

2. Provident funds

3. External debt

4. Treasury bills


(a) 1, 2 and 4 only

(b) 2 and 4 only

(c) 3 and 4 only

(d) 1, 2, 3 and 4


1. The Chinese Economy is half of the US Economy in terms of nominal GDP 2018-19.

2. The Indian Economy is one third of the Chinese Economy in terms of nominal GDP 2018-19.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None


1. The Monetary Policy Committee of India is responsible for fixing the benchmark interest rate in

India.

2. The committee is answerable to the RBI Governor if the inflation exceeds the range prescribed

for three consecutive months.



(a) 1 only






by CA Rahul Kumar


(b) 2 only

(c) Both 1 and 2

(d) None

Q21. Consider the following Statements-

1. The average growth of the Indian economy between 2014-15 and 2017-18 was 7.3%.

2. Indian economy is projected to be the fastest-growing major economy in 2018-19 and 2019-20 as

per IMF.



(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

Q22. Which of the following defines the virtuous cycle of growth ?

a. Increase fixed investment -> accelerates GDP growth -> higher growth in consumption

b. Increase fixed investment -> higher growth in consumption -> accelerates GDP growth

c. Accelerates GDP growth -> Increase fixed investment -> higher growth in consumption

d. Higher growth in consumption ->Increase fixed investment- > accelerates GDP growth

MONEY AND BANKING

Q1. CDR, SDR, S4A, JLF terms recently seen in news are related to

(a) Chandrayaan Mission

(b) Mission Shakti

(c) Restructure of defaulted loans

(d) None of the above


1. RBI is profit making agency by managing borrowings.

2. Reserve Bank of India has transferred an interim surplus of rupees 28,000 crore to the Centre.

3. This is first time such transfer has taken place from RBI to centre.


(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q3. PCA framework gets triggered when a bank breaches which of the following?

1. Crossing 6% net NPA






by CA Rahul Kumar


2. Return on Assets (ROA) less than 0.25%

3. CRAR less than 9%, but equal or more than 6%


(a) 1 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q4. The benchmark rates for Treasury Bills is announced by

(a) RBI

(b) SEBI

(c) Finance Ministry

(d) Financial Benchmarks India Private Ltd (FBIL)

Q5. Consider the following statements regarding the Bank Boards Bureau (BBB):

1. It helps Banks in developing strategies and capital raising plans.

2. it appoints the heads of public sector banks and other financial Institutions

3. All the Members and Chairman of BBB are part time appointment.

Select the correct answer using the codes given below:

(a) 1 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q6. Which of the following clearly explains the term ‘haircuts’ in the banking system?

(a) It is the difference between loan amount and actual value of the asset used as the collateral.

(b) It is the difference between the actual dues from the borrower and the amount she/he settles with

the bank.

(c) It is the difference between the total interest of the loan and the subvention provided by the

Government.

(d) Both statements (a) and (b) are correct in this context.

Q7. Consider following statements

1. MUDRA loans are not available for purchase of CNG Tempo/Taxi as public transport carrier.

2. MUDRA loans are available for Khadi Activity.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q8. With reference to the ‘liquidity coverage ratio (LCR)’, consider the following statements:

1. The LCR assures that financial institutions have the necessary assets on hand to meet any long-

term liquidity disruptions.

2. RBI has allowed banks to use their Government bonds held under the minimum SLR requirement

to count as liquid assets for computing LCR.






by CA Rahul Kumar


3. Government securities under the Marginal Standing Facility and Facility to Avail Liquidity for

Liquidity Coverage Ratio can also be considered for LCR.


(a) 2 and 3 only

(b) 1 and 3 only

(c) 3 only

(d) 1, 2 and 3

Q9. India conferred the Honorary Rank of General of the Indian Army on General Purna Chandra

Thapa. He is from:

(a) Bhutan Army

(b) Nepal Army

(c) Indian Army

(d) Chinese Army

Q10. Consider the following statements: -

1. The Capital Conservation Buffer has been introduced with the objective to increase capital

requirements in good times and decrease the same in bad times.

2. Countercyclical Buffer is to ensure that banks maintain a cushion of capital that can be used to

absorb losses during periods of financial and economic stress.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q11. Consider the following: -

1. Foreign Currency Assets

2. SDRs

3. Reserve Position in the IMF

4. Gold

Which of the above are included in Foreign exchange reserves of Reserve bank of India?


(a) 1, 2 and 4 only

(b) 2, 3and 4 only

(c) 1, 2 and 3 only

(d) 1, 2, 3 and 4

Q12. Consider the following: -

1. Gross NPA: 100 Crores

2. Provision Aside: 10 Crores

3. At the end of the year, the bank collects 85 Crores only.

From the above figures, what is the figure of the Net NPA of Bank?


(a) 15 Crore

(b) 10 Crore






by CA Rahul Kumar


(c) 5 Crore


Q13.

Consider the following Statements: -

1. Tokenisation involves a process in which a unique token masks sensitive card details.

2. Customers can be charged a nominal fee for availing tokenisation service.



(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

Q14.Which one of the following best describes the term “Merchant Discount Rate” sometimes seen

in news?

(a)The incentive given by a bank to a merchant for accepting payments through debit cards

pertaining to that bank.

(b)The amount paid back by banks to their customers when they use debit cards for financial

transactions for purchasing goods or services.

(c)The charge to a merchant by a bank for accepting payments from his customers through the

bank’s debit cards.

(d)The incentive given by the Government to merchants for promoting digital payments by their

customers through Point of Sale (PoS) machines and debit cards.

Q15.The rate of exchange for foreign currencies is determined by






by CA Rahul Kumar


(a)Central Board of Indirect Taxes and Customs

(b)Central Board of Direct Taxes

(c)RBI

(d)None of the above

Q16.Which one of the following best describes the term “Bill Discounting” sometimes seen in

news?

(a)Bill Discounting is a discount/ fee which a bank takes from a seller to release funds before the

credit period ends.

(b)The amount paid back by banks to their customers when they use debit cards for financial

transactions for purchasing goods or services.

(c)The charge to a merchant by a bank for accepting payments from his customers through the

bank’s debit cards.

(d)The incentive given by the Government to merchants for promoting digital payments by their

customers through Point of Sale (PoS) machines and debit cards.

Q17.Consider the following statements:

1. National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-

one funds transfer.

2. NEFT system also facilitates one-way cross-border transfer of funds from India to Nepal.

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

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


National Payments Corporation of India(NPCI)

1.is an initiative of Bank Board Bureau and RBI under the provisions of the Payment and

Settlement Systems Act, 2007

2. is “Not for Profit” Company, which intends to provide infrastructure to the entire Banking system

in India for physical as well as electronic payment and settlement systems.

3.has developed the National Electronic Toll Collection (NETC) program to meet the electronic

tolling requirements of the Indian market.


(a)1only

(b)1 and 2 only

(c)1 and 3 only

(d)2 and 3 only

Q19.Reserve Bank of India recently revised its guidelines on liquidity risk management framework

for:

(a)Banks

(b)Pension Funds

(c)Insurance Companies

(d)Non-banking finance companies(NBFCs)






by CA Rahul Kumar



1.Insolvency and Bankruptcy Board of India was established on 1st October,2016.

2.It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies,

Insolvency Professional Entities and Information Utilities.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

Q21.With reference to Merchant Discount Rate, consider following statements:

1.It is a fee charged from a merchant by a bank for accepting payments from customers through

credit and debit cards in their establishments.

2.All companies with a turn over of Rs 50 crore or more need to provide the facility of payment

through RuPay Debit card and UPI QR code to their customers, under which no MDR fee will be

charged from customers as well as merchants


(a)Both1and2

(b)2 only

(c)1only

(d)Neither 1 nor 2


1.Unified Payments Interface has been developed by National Payments Corporation of

India(NPCI).

2.With a UPI-enabled bank account, one can make real-time bank-to-bank payments, and even

transact using Aadhaar number, mobile number or Virtual Payment Address (UPIID).


(a)Both1 and 2

(b)1 only

(c)2only

(d)Neither 1 nor 2

Q23.Which among the following organisations recently launched a global consortium for digital

currency governance?

(a)IMF

(bWorld Bank

(c)Asian Development Bank

(d)World Economic Forum

Q24.With reference to prompt corrective action (PCA) framework, consider the following

statements:

1.The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism for

banks that become under capitalised due to poor asset quality, or vulnerable due to loss of

profitability.

2.It is a framework under which banks with weak financial metrics are put under watch by the RBI.






by CA Rahul Kumar


3.The PCA framework deems banks as risky if they slip some trigger points-capital to risk weighted

assets ratio(CRAR), net NPA, Retur non Assets (RoA) and Tier 1 Leverage ratio.


(a)1 and 2 only

(b)1 and 3 only

(c)3 only

(d)1 , 2 and 3

Q25.Which among the following in India released the National Strategy for Financial Inclusion

(NSFI) for the period 2019-2024?

(a)Reserve Bank of India

(b)NITI Aayog

(c)Ministry of Rural Development

(d)Ministry of Finance

Q26. With reference to the Block chain technology, consider the following statements:

1.Block chains are open, distributed ledger that can chronologically record transactions between

two parties efficiently innear real time.

2.It generally has key characteristics of centralization, persistency, anonymity and

auditability.


(a)1only

(b)2only

(c)Both1and2

(d)Neither1nor2


1.Small finance banks (SFBs) are primarily set up to undertake basic banking activities of

acceptance of deposits and lending to unserved and underserved sections, including small business

units, small and marginal farmers, micro and small industries etc.

2.Payments Banks can apply for conversion into SFB after five years of operations.


(a)1 only

(b)2 only

(c)Both 1 and 2


Q28.Consider following statements:

1. For enforcement of auditing standards and ensuring the quality of audits, Government has

established National Financial Reporting Authority as an independent regulator.

2. Pursuant to Government’s advice to PSBs, they have been obtaining certified copy of passport of

the promoters/directors and other authorised signatories of companies availing loan facilities of

more than Rs. 100 crore .


(a) 1 only

(b) 2 only






by CA Rahul Kumar


(c) Both 1 and 2

(d) Neither 1 nor 2


1. Bank Nationalisation Day came into existence ever since 14 banks were nationalised by the

government on July 19, 1969.

2. First Bank with Indian capital-Punjab National Bank was Founder of the Bank is Bal Gangadhar

Tilak.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

Q30.The reserves of RBI include

1. Contingency Fund

2. The currency and gold revaluation reserve (CGRA)

3. Investment revaluation account

Select the correct answer using the code given below.

(a) 1and2only

(b) 3only

(c) 1and3only

(d) 1,2and3


1. Prudential Framework for Resolution of Stressed Assets is issued by RBI.

2. The provisions of these directions shall not apply to NBFC.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q32. The most appropriate term for “convertible digital currencies” or “digital equivalent of cash”

is

(a) Digital wallet

(b) e-cash

(c) Crypto currency

(d) All of the above


1. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin

address.

2. Bitcoin has a very small carbon footprint.


(a) 1 only

(b) 2 only






by CA Rahul Kumar


(c) Both 1 and 2

(d) Neither 1 nor 2

Q34. Consider the following statements:

1. Insolvency Research Foundation (IRF) has been established by SIPI in partnership with the

Indian Institute of Corporate Affairs (IICA).

2. It is an independent research centre to serve public good and help in robust policy making based

on deep research.

Which of the above statements is/are correct?

(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2


1. The Insolvency and Bankruptcy Board of India was established on 1st October 2010.

2. It is a unique regulator which regulates a profession as well as processes.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

Q36.“SWEEKAR” and “SWAGAT” recently seen in news are related to

(a) Biodiesel from cooking oil

(b) Illegal migrants

(c) Digital payment ecosystem

(d) Child adoption


1. During 2019-20, the 10-year benchmark G-Sec yield mostly softened.

2. Systemic liquidity in 2019-20 has been largely in surplus.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. Despite a decrease in policy rates, the credit growth in the economy has been declining since

the beginning of this year.

2. The growth of loans from NBFCs has been increasing since the beginning of this year.


a. 1 only

b. 2 only

c. Both 1 and 2






by CA Rahul Kumar


d. Neither 1 nor 2


1. The insurance penetration for Life insurance has increased from 2011.

2. The non-life insurance has increased consistently.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q40. In the recent amalgamation of the three banks i.e. Bank of Baroda, Vijaya and Dena Bank,

which of the banks is/are transferee bank/(s)?

(a) Bank of Baroda

(b) Vijaya and Dena Banks

(c) Bank of Baroda and Dena Bank

(d) Bank of Baroda, Vijaya and Dena Bank

EXTERNAL SECTOR


1. India recently revoked the Most Favoured Nation status bestowed on Pakistan in 1996 in

retaliation to the terror attack in Uri.

2. Revoking it means India can levy whatever import tariffs it wants.

3. Pakistan has granted MFN status to India.


(a) 1 and 2 only

(b) 2 and 3 only

(c) 2 only

(d) 1, 2 and 3

Q2. Significant Reduction Exceptions (SRE) sometimes seen in the news recently is associated

with which of the following?

(a) Waiver from US sanctions

(b) Kimberly Process

(c) Cabotage laws


Q3. ‘Significant reduction exemptions [SRE]’, recently seen in news

(a) Waiver on Iran Oil imports

(b) Reduction in Carbon footprint

(c) Reduction plastic use







by CA Rahul Kumar



1. Solid plastic waste has been prohibited from import into the country.

2. Polyethylene Terephthalate is a form of Nylon.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. The objective of launching RCEP was mutually beneficial economic partnership agreement

among the ASEAN Member States and ASEAN’s FTA partners.

2. India is not a member of RCEP.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by

the Ministers of its Member jurisdictions.

2. The FATF's decision making body, the FATF Plenary, meets two times per year.

3. Pakistan is on the ‘grey list’ of countries of risk.


(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q7. With reference to Most Favoured Nation principle, consider the following statements:

1. MFN status gives preferential treatment to certain countries so as to have a better trade

relationship.

2. It is applicable only to goods and services are exempted.

Which of the statement given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. 100% FDI under automatic route is permitted in inventory based model of e-commerce or multi-

brand retailing.

2. FDI is not permitted in marketplace model of e-commerce.

Which of the statements given above is/ are correct?

(a) 1 only






by CA Rahul Kumar


(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q9. Consider the following statements w.r.t objectives of EXIM Bank of India: -

1. Act on business principles with due regard to public interest.

2. Providing financial assistance to exporters and importers.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None


1. External Commercial Borrowing (ECB) norms are decided by Cabinet Committee of Economic

Affairs.

2. The ceiling for External Commercial Borrowing (ECB) is $750 million or equivalent per

financial year.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None


1. RuPay Card has been launched in Bhutan.

2. The electricity generated by the Mangdechhu hydro power project will meet the energy

requirements only of Bhutan.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

Q12. Which of the following is not a member of `The Shanghai Cooperation Organisation (SCO)’?

(a) India

(b) Pakistan

(c) Turkmenistan

(d) Tajikistan


1. The Financial Action Task Force (FATF) is an inter-governmental body established in 1980 by

the Ministers of its Member jurisdictions.

2. Pakistan was placed on the grey list by the FATF.






by CA Rahul Kumar



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q14. Which one of the following sectors does not allow 100% FDI under automatic route as

per the FDI Policy 2018?

(a) Agriculture & Animal Husbandry

(b) Coal & Lignite

(c) Thermal Power

(d) Chit Funds

Q15. India has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to

Prevent Base Erosion and Profit Shifting (MLI), Consider the following statements-

1. The MLI is a result of concerted work by the G20 countries to tackle the issue of base erosion

and profit shifting, something that affects them all.

2. BEPS is a tax avoidance strategy used by multinational companies by exploiting gaps and

mismatches in tax rules to artificially shift profits to low or no-tax locations.

3. India was part of the Ad Hoc Group of more than 100 countries and jurisdictions from the G20,

OECD and other interested countries, which worked on the finalizing the text of the Multilateral

Convention.



(a) 2 and 3 only

(b) 1 and 2 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q16. “REER” and “NEER” sometimes mentioned in the news are related to

(a) Indicators of external competitiveness.

(b) Extinct species

(c) Mini satellites

(d) Drones

Q17. “Libra” recently seen in news is

(a) A new global currency

(b) Star war movie

(c) Space mission



1. Japan has w.e.f. 5 June 2019 withdrawn India’s GSP benefits.

2. These are unilateral, non-reciprocal and non-discriminatory benefits extended by some developed

countries to developing countries.


(a) 1 only

(b) 2 only






by CA Rahul Kumar


(c) Both 1 and 2

(d) Neither 1 nor 2


1. The objective of launching RCEP negotiations is to achieve a modern, comprehensive, high-

quality, and mutually beneficial economic partnership agreement among the ASEAN Member

States and ASEAN’s FTA partners.

2. India is not partner to RCEP.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q20.Which of the following agency develops Logistics Ease Across Different States (LEADS)

index?

(a) Ministry of commerce and industry

(b) NITI Ayog

(c) Ministry of statistics and Programme Implementation

(d) PMO

Q21.APEDA is mandated with the responsibility of export promotion and development for which

of the following scheduled products:

1.Pickles, Papads and Chutneys

2.Herbal and Medicinal Plants

3.Guar Gum


(a) 1 and 2 only

(b) 1 and 2 only

(c) 1 only

(d) 1,2 and 3

Q22.With reference to Regional Comprehensive Economic Partnership (RCEP) consider the

following statements:

1.The objective of launching RCEP negotiation is to achieve a mutually beneficial economic

partnership agreement among the ASEAN member states only.

2.India is not a member to RCEP.


(a)1 only

(b)2 only

(c)Both 1 and2

(d)Neither 1 nor 2

Q23.Consider the following statements related to Financial Action Task Force (FATF):

1. The Financial Action Task Force (FATF) is an inter-governmental body.

2. India is a Member of the FATF.


(a) 1 only

(b) 2 only






by CA Rahul Kumar


(c) Both 1 and 2

(d) Neither 1 nor 2

Q24.“INSTEX”,recently seen in news is related to

(a) mission to facilitate non-USD transactions

(b) space mission to Saturn

(c) New instrument for transaction in share market

(d) mission to study Artic

Q25.Among the following, which one is not member of RCEP?

(a) India

(b) China

(c) Australia

(c) Japan

Q26.With reference to Shanghai Cooperation Organisation (SCO), consider the following:

1. Shanghai Cooperation Organisation Charter was signed during the St. Petersburg SCO Heads of

State meeting in June 2002.

2. Pakistan will host the 19th council of heads of government of the Shanghai Cooperation

Organisation next year.

3. The SCO is a China-led security bloc in which India and Pakistan were admitted as full members

in 2016.


(a)1 only

(b)1 and 2 only

(c)1 and 3 only

(d)1,2 and3

Q27.Recently, European Union has expressed interest in exploring a bilateral investment protection

agreement (BIPA)with:

(a)China

(b)India

(c)Bangladesh

(d)Saudi Arabia

Q28.A new division named ‘New and Emerging Strategic Technologies (NEST)’ will be set up

under the:

(a)NITI Aayog

(b)Ministry of Skill Development and Entrepreneurship

(c)Ministry of External Affairs

(d)Ministry of Home Affairs

Q29.With reference to RuPay, consider following statements:

1.It is the first-of-its-kind domestic Debit and Credit Card payment network of India.

2.RuPay is a product of National Securities Depository Limited (NSDL).






by CA Rahul Kumar


3.All RuPay ATM-cum-debit cardholders are presently eligible for accidental death and permanent

disability insurance cover.



(a)1 and 2 only

(b)1 and 3 only

(c)1 only

(d)3 only


1. CAD to GDP ratio has been significantly improving from 2009-14 to 2014-19

2. The CAD to GDP ratio was lower in the first half of 2019-20.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. An increase in merchandise exports to GDP ratio has a net positive impact on BOP position.

2. India’s top 5 trading partners jointly account for more than 50% of India’s total merchandise

trade.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. In 2019-20 (April-November), petroleum products continued to be the largest imported

commodity, in value terms.

2. In the export basket of 2019-20 (April-November), crude petroleum had the largest share.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. India’s net services surplus has been steadily increasing in relation to GDP.

2. The surplus on net services has been significantly financing the merchandise trade deficit.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2






by CA Rahul Kumar


Q34.Arrange the following items in the increasing order of its share in the service exports basket

(i) Business services

(ii) Software services

(iii) Transportation

(iv) Travel


a. (ii), (iv), (iii), (i)

b. (iii), (iv), (i), (ii)

c. (iii), (i), (iv), (ii)

d. (ii), (iv), (i), (iii)

Q35. Logistics Performance Index is released by

a. World Bank

b. UNCTAD

c. IMF

d. EU


1. Net remittances from Indians employed overseas have been constantly increasing year after

year.

2. The net FDI into the country almost doubled from 2009-14 to 2014-19.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q37. What is Net International Investment Position?

a. It measures the gap between two countries' stock of foreign assets at a specific point in time.

b. It measures the gap between a nation’s stock of foreign assets and foreigner’s stock of that

nation’s assets at a specific point in time.

c. It measures the gap between two countries' IMF tranche at a specific point in time.

d. It measures the gap between the export ratio of two countries.

Q38. Consider the following statements with respect to Kimberley Process Certification

System (KPCS)

1. It came in to effect through a United Nations General Assembly Resolution.

2. It is a non binding agreement to remove conflict diamonds from the global supply chain.

3. India is one of the founding members.

Which of the statements given above are correct?

(a) 1 and 3 only

(b) 2 and 3 only

(c) 1, 2 and 3

(d) None






by CA Rahul Kumar


MONEY AND CAPITAL MARKETS (+NBFC) Q1. Consider following statements:

1. A mortgage is a debt instrument.

2. Mortgages are also known as "claims on property."



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q2. Consider the following statements w.r.t. Competition Commission of India (CCI): -

1. The Commission is required to give opinion on competition issues referred by a statutory

authority.

2. CCI consists of a Chairperson and 6 Members appointed by the Central Government.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None

Q3. Consider following statements-






by CA Rahul Kumar


1. A company incorporated in India and registered under the Companies Act, 1956 / Companies

Act, 2013 can issue and operate Prepaid Payment Instruments (PPIs) after receiving authorisation

from RBI.

2. Interest is payable on Prepaid Payment Instruments (PPIs) balances.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. The electoral bonds are available at specified branches of the State Bank of India (SBI) for 10

days each in the months designated by the government from time to time.

2. The bonds may be bought for any value, in multiples of 1,000 or 10,000 rupees only.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q5.Which of the following is an example of Gandhian trusteeship philosophy?

(a) Planting of trees

(b) Corporate social responsibility

(c)Feeding poor

(d) Paying taxes

Q6.Consider the following statements regarding:

Assertion(A):Exchange Traded Funds (ETFs) are mutual funds listed and traded on stock exchanges

like shares.

Reason(R): ETF simply copies an index and endeavours to accurately reflect its performance.

Mark correct answer as:

(a)if both A and R are true and R is the correct explanation of A

(b)if both A and R are true but R is not the correct explanation of A

(c)if A is true but R is false

(d)if A is false but R is true


1.Alternative Investment Fund (AIF) means any fund established or incorporated in India which is a

privately pooled investment vehicle which collects funds from sophisticated investors, whether

Indian or foreign, for investing it in accordance with a defined investment policy.

2.AIF also includes funds covered under the SEBI (Mutual Funds) Regulations, 1996, SEBI

(Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to

regulate fund management activities.

3.An AIF under the SEBI (Alternative Investment Funds) Regulations, 2012 can be established or

incorporated in the form of a trust or a company or a limited liability partnership or a body

corporate.








by CA Rahul Kumar


(a)1 and 3 only

(b)1 and 2 only

(c)2 and 3 only

(d)1, 2 and 3

Q8.Credit rating agencies in India are regulated by:

(a)RBI

(b)SEBI

(c)Department of Economic Affairs

(d)Ministry of Corporate Affairs


1. National Investment and Infrastructure Fund Limited (NIIFL) is an investor-owned fund manager

2. The funds are registered as Alternative Investment Fund (AIF) with the Securities and Exchange

Board of India (SEBI).


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. The Chairman of the Financial Stability and Development Council (FSDC) is the RBI Governor.

2. FSDC was formed to bring greater coordination among financial market regulators.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q11. Consider following statements regarding significance of ‘Regulatory Sandbox’:

1. The Securities and Exchange Board of India and The Insurance Regulatory and Development

Authority of India have announced working guidelines based on The Reserve Bank of India’s

final draft on regulatory sandbox

2. The three sandboxes are aimed at creating an environment of eased regulations for testing new

product-based and technology-based innovations.

3. However, unlike the RBI sandbox, which won’t accept applications from participants with

solutions based on crypto currency, credit rating, credit registry and chain marketing services,

IRDAI has set no such restrictions


(a) 1 only

(b) 2 and 3 only

(c) 1, 2 and 3

(d) 1 and 3

Q12. With reference to Core Investment Companies (CICs), consider following statements






by CA Rahul Kumar


1. CICs are non-banking financial companies (NBFCs) holding not less than 80% of their net assets

in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in

group companies.

2. Unlike NBFCs which are required to constitute board level committees, no such standards are

mandated for CICs.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. Bharat Bond ETF would be the first corporate Bond ETF in the country.

2. It will invest in a portfolio of bonds of CPSE, CPSU, CPFI or any other Government or Private

organizations that matures on or before the maturity date of the ETF.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q14. With reference to Sovereign Gold Bonds (SGB) consider the following statements:

1. Minimum permissible investment is for 1 gram of gold.

2. The Bond is issued by SBI on behalf of Government of India.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. A debenture is a loan issued by a firm.

2. It usually involves a fixed repayment schedule, in terms of both time and interest.

3. The person who owns the debenture will never have any claim on the company and has no voting

rights.


(a) 1 only

(b) 2 and 3 only

(c) 1 and 2 only

(d) 1, 2 and 3


1. Revenue bonds where the funds raised are earmarked for one project are termed Municipal

bonds.

2. Municipal bonds have been inexistence in India since1951.







by CA Rahul Kumar


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2


1. Sovereign Gold Bond (SGB) are government securities denominated in grams of gold.

2. The Bond is issued by State Bank of India on behalf of Government of India.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2


1. CPSEETF was launched by the government in March 2014 to help divest its stake in select

public sector undertakings through the ETF route.

2. The CPSEETF is managed by Reliance Mutual Fund.


(a) 1only

(b) 2only

(c) Both1and 2

(d) Neither1nor2


1. Serious Fraud Investigation Office (SFIO) has been established under the Ministry of Commerce.

2. The Central Govt. May assign the investigation into the affairs of a company to the Serious Fraud

Investigation Office in public interest.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

PUBLIC FINANCE

Q1. With reference to the Fifteenth Finance Commission, consider the following

1. The Fifteenth Finance Commission was constituted on 27 November 2017.

2. Its ‘Terms of Reference’ include recommending monitorable performance criteria for important

national flagship programmes and examining the possibility of setting up a permanent non lapsable

funding for India’s defence needs.



(a) 2 only

(b) Both 1 and 2

(c) 1 only






by CA Rahul Kumar


(d) Neither 1 nor 2


1.National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons, which is a

voluntary and contributory pension scheme was launched in 2019.

2.The traders in the age group of 18-50 years with an annual turnover, not exceeding Rs.1.5 crore

and who are not members of EPFO/ESIC/NPS/PM-SYM or an income tax payer can join the

scheme.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither1 nor 2

Q3. With Reference to the Fifteenth Finance Commission, which of the following statements is/are

correct?

1. The Fifteenth Finance Commission was constituted on 27 November 2015.

2. Terms of reference includes recommending monitorable performance criteria for important

national flagship programmes.

3. Terms of reference includes examining the possibility of setting up a permanent non lapsable

funding for India’s defence needs.

(a) 1 and 2 only

(b) 2 only

(c) 3 only

(d) 2 and 3 only


1. Gender Responsive Budgeting (GRB) was adopted by India in 2009-10.

2. Overall, the Gender Budget Allocation for 2019-20 is close to 10 percent as a proportion of total

expenditure.


(a) 1 only

(b) 2 only

(c) Both1and 2

(d) Neither1nor 2

Q5. Consider the following statements about a scheme launched by the Government of India: It was

launched to provide social security during old age and to protect elderly persons aged 60 years and

above against a future fall in their interest income due to uncertain market conditions. The scheme

enables old age income security for senior citizens through provision of assured pension / return

linked to the subscription amount based on government guarantee to Life Insurance Corporation of

India (LICI).Identify the scheme.

(a)Pradhan Mantri Swasthya Suraksha Yojana

(b)Pradhan Mantri Vaya Vandana Yojana

(c)Liveability Index Programme

(d)Rashtriya Vayoshri Yojana






by CA Rahul Kumar


Q6. Which of the following indicates most approximate figure for Budget 2019-20 of Railways:-

(a) 55,000 Crore

(b) 65,000 Crore

(c) 75,000 Crore

(d) 85,000 Crore

Q7. ‘Non-Functional Upgradation (NFU)’ is related to

(a) Aircraft upgradation

(b) Seventh Central Pay commission

(c) Submarine upgradation

(d) Skills Training

Q8. Which of the following indicates most approximate figure for Budget 2019-20 of Defence:-

(a) 3,00,000 Crore

(b) 4,00,000 Crore

(c) 5,00,000 Crore

(d) 6,00,000 Crore

TAXATION Q1. With reference to Advance Pricing Agreement, which of the following statements is/are

correct?

1. It is an ahead-of-time agreement between a taxpayer and a tax authority on an appropriate

transfer pricing methodology (TPM) for a set of transactions at issue over a fixed period of time

2. Taxpayers may enter into APAs with more than one tax authority – i.e., bilateral or multilateral

APAs


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1nor 2

Q2. ‘Country-by-Country (CbC) Report’ recently seen in news is related to

(a) International Terrorism

(b) Sea Piracy

(c) Tax administrations



1. The accounting of GST collections in the Central Government is done on the cash basis.

2. A constitutional amendment to fix the proportion of shareable taxes going to states has been

enacted.


(a) 1 only

(b) 2 only






by CA Rahul Kumar


(c) Both 1 and 2

(d) Neither 1 nor 2


1. The TIR Convention facilitates the international carriage of goods from one or more customs

offices of departure to one or more customs offices of destination.

2. The vehicle remains sealed throughout the TIR transport and goods are not inspected at border

crossings.

3. India gets its second TIR shipment via Chabahar Port from Afghanistan


(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3


1. Goods & Services Tax Council is a constitutional body for making recommendations to the

Union and State Government on issues related to Goods and Service Tax.

2. The GST Council is chaired by the Prime Minister


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q6. ‘Angel Tax’, sometimes seen in news is

(a) Income tax payable on capital raised by unlisted companies via issue of shares where the share

price is seen in excess of the fair market value of the shares sold.

(b) Income tax rebate to Startups

(c) Income tax on companies with FDI investments above 25 percent


Q7. Country-by-Country (CbC) report sometimes seen in news is a key step in making India

compliant with the Base Erosion and Profit Shifting (BEPS) project.

Which one of the following statements best describes the term?

Select one:

(a) It is the annual publication of OECD on tax evasion achieved by multinational enterprises by

shifting the profits

(b) A report required to be published by multinational enterprises annually and for each tax

jurisdiction in which they do business

(c) A report that contains the revised standards of transfer pricing documentation

(d) It is the guidelines by OECD for developing countries for securing revenues by realigning

taxation with economic activities and value creation


1. Angel Tax is the income tax payable on capital raised by listed companies.

2. Investments of up to `25 crore in an eligible company will be exempt from the angel tax.







by CA Rahul Kumar


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q9. Consider the following statements w.r.t. The National Bench of the Goods and Services Tax

Appellate Tribunal:-

1. It will serve as a forum for the second appeal in GST laws.

2. It will serve as the second common forum for dispute resolution between Centre and States.

3. It will serve as a forum for the first appeal against the decisions of the Appellate Authorities

under the Central and State GST Acts.

Which of the statements given above is are correct.


(a) Only 3

(b) 1 and 2 only

(c) 1, 2 and 3

(d) None


1. The annual turnover limit under which companies would be exempt from GST has been

increased to Rs. 40 lakh for the North Eastern and hill states, from the earlier limit of Rs. 20

lakh.

2. The threshold limit for Composition Scheme to small service providers has been increased from

an annual turnover of up to Rs. 20 Lakh to an annual turnover of up to Rs. 40 Lakh.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. Income Tax Act is amended only during the main Budget.

2. Finance Bill and Appropriation Bill both are Money Bills.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q12. The annual GST return form for normal taxpayers/ businesses registered under the Goods and

Services Tax (GST) regime is:

(a) GSTR-9

(b) GSTR-9A

(c) GSTR-9B

(d) GSTR-9C






by CA Rahul Kumar



1. e-way bill is a document required to be carried by a person in charge of the conveyance carrying

any consignment of goods of value exceeding fifty thousand rupees

2. Only registered person can enrol and generate thee-way bill for movement of goods for his/ her

own use


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

Q14.The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of

(a)mining operation by multinational companies in resource-rich but backward areas

(b)curbing of the tax evasion by multinational companies

(c)exploitation of genetic resources of a country by multinational companies

(d)lack of consideration of environmental costs in the planning and implementation of

developmental projects

Q15.“FASTag” is a device that employs

(a)Radio Frequency

(b)Microwave Frequency

(c)Infrared Frequency


Q16.Goods and Service Tax Network (GSTN) is

(a)Public sector entity

(b)Private sector Entity

(c)Non-profit organization


Q17.The GST Council consists of the:

1. Union Finance Minister

2. Union Minister of State (Finance)

3. The Minister in charge of Finance or Taxation or any other Minister, nominated by each state

government.

4. RBI governor


(a) 1 and 2 only

(b)1,2 and 3 only

(c) 2,3and 4 only

(d) 1, 2 ,3 and 4

Q18.With reference to FASTag, consider the following:

1.It is issued separately for each vehicle, regardless of ownership.

2.It is valid for a period of four years.

3.NPCI does not issue FASTag.

Which of the above statements are correct?

(a)2 and 3






by CA Rahul Kumar


(b)1 and 2

(c)1 and 3

(d)3 only

Q19.With reference HSN Code, consider the following statements:

1.It is a five-digit identification code developed by theWorld Customs Organization (WCO)

2.The Ministry of Commerce and Industry recently allocated a separate Harmonised System (HS)

code for Khadi.


(a)1only

(b)2only

(c)Both1and2

(d)Neither1nor2


1.GST is proposed to be a dual levy where the Central Government will levy and collect Central

GST and the State will levy and collect State GST on intra-state supply of goods or services.

2.GST Council dictates tax rate, tax exemptionand tax laws, keeping in mind special rates and

provisions for some states.

3.The Centre does not levy and collect Integrated GST (IGST) on inter-state supply of goods or

services.


(a)2 and 3

(b)1 and 2

(c)1 and 3

(d)1, 2 and 3

Q21. ICEDASH and ATITHI are two new IT initiatives related to:

(a)Ministry of Commerce and Industry

(b)Ministry of Finance

(c)Ministry of Corporate Affairs

(d)Ministry of External Affairs

Q22. “GAFA tax" recently seen in news is related to

(a) Tax on large internet and technology companies

(b) Tax on food products with trans fats

(c) Tax on carbon emissions

(d) Tax on clearing forests by firms


1. The Central Board of Indirect Taxes and Customs (CBIC) determines the Rate of Exchange of

conversion of the Foreign Currencies specified into Indian currency or vice versa, relating to

imported and export goods.

2. Central Board of Indirect Taxes and Customs is a part of the Department of Expenditure under

the Ministry of Finance, Government of India.




https://cleartax.in/s/exemptions-gst-goods




by CA Rahul Kumar


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. The National Anti-profiteering Authority (NAA) is the statutory mechanism under GST law to

check the unfair profiteering activities by the registered suppliers under GST law.

2. Any consumer or organisation experiencing the non-reduction in the price of the goods or service

despite reduction in the rate of tax can file the complaint with proper prima facie evidences.

3. Only Online complaint facility is available.


(a) 1 only

(b) 1 and 2 only

(c) 1 and 3 only


Q25. The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of

(a) Mining operation by multinational companies in resource-rich but backward areas

(b) Curbing of the tax evasion by multinational companies

(c) Exploitation of genetic resources of a country by multinational companies

(d) Lack of consideration of environmental costs in the planning and implementation of

developmental projects


1. Unlike a tax, a cess is levied to meet a specific purpose; its proceeds cannot be spent on any kind

of government expenditure.

2. Recently flood cess was introduced by the state of Karnataka.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

INFLATION

Q1. Which of the following brings out the ‘Consumer Price Index Number for the Industrial

Workers’?

a) The Reserve Bank of India

b) The Department of Economic Affairs

c) The Labour Bureau

d) The department of Personnel and Training

Q2. Sudden disruption in oil supply to India can cause

1. disruption in economic growth

2. increase Current Account Deficit

3.Increase inflation

(a) 1 and 2






by CA Rahul Kumar


(b) 1 and 3

(c) 2 and 3

(d) all

Q3.Consider the following statements:-

1. Wholesale Price Inflation (WPI) number is a better measurement of what is largely happening

with consumer prices.

2. Reserve Bank of India uses WPI inflation to manage Monetary Policy in the country.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None

Q4. Through Asset liability management (ALM), which of the following central risks can be

managed:-

1. Interest Rate Risk

2. Liquidity Risk

3. Foreign currency risk

4. Currency risk


(a) 1, 2 and 4 only

(b) 2 only

(c) 1, 3 and 4 only

(d) 1, 2, 3 and 4

UNEMPLOYMENT AND POVERTY

Q1. Regarding “Pradhan Mantri Awas Yojana (Urban)” scheme, which of the following is not one

ofits component?

(a) Slum rehabilitation of Slum Dwellers with participation of private developers using land as a

resource

(b) Promotion of Affordable Housing for weaker section through credit linked subsidy

(c) Affordable Housing in Partnership with Public sectors only

(d) Subsidy for beneficiary-led individual house construction /enhancement

Q3. The Special Data Dissemination Standard (SDDS) were established by?

(a) IMF

(b) World Bank

(c) RBI

(d) WTO

Q4. ‘SWEEKAR’ and ‘SWAGAT’ recently in news are

(a) Indigenously developed payment system

(b) New variety of apples

(c) High Yielding Variety of Wheat







by CA Rahul Kumar


Q5. Consider following statements about Pradhan Mantri Shram Yogi Maandhan (PM-SYM):

1. It ensures old age protection for Unorganised Workers.

2. During the receipt of pension, if the subscriber dies, the spouse of the beneficiary will not get the

pension received by the beneficiary as family pension.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q6.‘Hank Yarn Obligation’ is

(a) Subsidy to Silk Farmers

(b) Subsidy to Handloom Weavers

(c) Availability of coiled or wrapped yarn to handloom weavers


Q7. Consider following statements related to Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

Yojana:

1. It is Pension yojana for Unorganised Sector workers with monthly income of rupees 15000 or

below.

2. It will give assured monthly pension of rupees 5000 from the age of 60 years.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q8.The new concept of ‘learning poverty’ has been introduced by:

(a)UNDP

(b)UNICEF

(c)World Bank

(d)PISA

Q9. The New Code on Wages will amalgamate which of the following acts:

1.Payment of Wages Act, 1936

2.Payment of Bonus Act, 1965

3.Employees State Insurance Act, 1948

4.Equal Remuneration Act, 1976


(a)1 and 4 only

(b)1, 2 and 4 only

(c)3 and 4 only

(d)1, 2, 3 and 4

Q10.With reference to the Minimum Wages Act, 1948, consider the following:

1.Under the Act, both Centre and the State governments are responsible in respect of their

scheduled employments within their jurisdictions to fix and revise minimum wages.






by CA Rahul Kumar


2.The Act is legally non-binding but statutory.

3.Period to revise the minimum wages is five years.



(a)1 and 3

(b)1 only

(c)2 and 3

(d)1, 2 and 3

Q11.Recently, JEEVANKAUSHAL– curriculum for life skills is launched by

(a)ministry of human resources and development

(b)ministry of skill development and entrepreneurship

(c)ministry of rural development

(d)Prime Minister’s Office

Q12.SANKALP scheme is related to

(a)Skill development

(b)Rural development

(c)Women empowerment

(d)Agriculture


1.SC/ST households

2.No literate adult above 25 years

3. Female headed household without a male member between the age of 16-59

4.Landless households as manual casual labour

5.Household without any adult member holding a government job

Which of the following fall under de privation category of SECC 2011?

(a)1,2,3,5

(b)2,3,4,5

(c)1,2,3,4

(d)All

Q14. “Time to Care” Report released by Oxfam International focuses on:

(a)Alleviation of global poverty

(b)Reducing maternal mortality rate

(c)Eradicating child labour

(d)Non-communicable diseases like mental illness

Q15.Match the following state government schemes related to skill development.

Scheme- State

1.Samvardhan Yojanaw-MadhyaPradesh

2.Kushal Yuva Programmex-Bihar

3.Kushalkar.comy-Karnataka

4.SEEKHO-SIKHAOz-Haryana

Select the correct answer from the following

(a)1-w,2-y,3-x,4-z

(b)1-w,2-x,3-y,4-z






by CA Rahul Kumar


(c)1-x,2-w,3-z,4-y

(d)1-z,2-w,3-y,4-x

Q16. Oxfam International is

(a)an agency of the United Nations to help refugees of civil wars

(b)a global Human Rights Movement

(c)a group of charitable organizations focusing on the alleviation of global poverty

(d)aninter-governmentalagencytocatertomedicalemergenciesinwar-ravagedregions

Q17.`SANKALP’, an initiative of the Government of India, aims at

(a) Promoting the Self Help Groups in rural areas

(b) Providing financial and technical assistance to young start-up entrepreneurs

(c) District level skilling ecosystem

(d) Providing affordable and quality education to the citizens for free


1. The 45th World Skills Competition was held in Kazan, Russia in August 2019.

2. India is a member to World Skills International.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

Q19. Periodic Labour Force Survey (PLFS) is released by

(a) Labour bureau

(b) The Reserve Bank of India

(c) NSSO

(d) The Department of Economic Affairs

Q20. Consider the following statements.

1. Inflation has declined in almost all the countries around the world.

2. However in India, inflation has been showing an uptick.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. Headline inflation based on CPI-C has been sliding on an upward path since 2014.

2. The average CPI-C headline inflation has increased continuously.


a. 1 only

b. 2 only

c. Both 1 and 2






by CA Rahul Kumar


d. Neither 1 nor 2


1. CPI-Rural inflation has been consistently above CPI-Urban inflation

2. The divergence has been mainly on account of the differential rates of food inflation

between rural and urban areas witnessed during this period


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. The overall inflation rate has been quite low in almost all the States.

2. Daman & Diu have the lowest inflation rate amongst all the States.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q24. Consider the following statements about CPI-C inflation in 2019-20.

1. Food and beverages emerged as the main contributor to CPI-C inflation

2. The major driver of CPI-C inflation was the miscellaneous group.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q25. Which of the following are reasons for a high spread between the wholesale and retail prices ?

1. high transaction costs

2. weak infrastructure

3. information systems

4. poor marketing facilities

5. huge margins of middleman


a. 1, 2, 3, 5

b. 2, 3, 4, 5

c. 1, 3, 4, 5

d. 1, 2, 3, 4, 5

POPULATION AND DEMOGRAPHY


1. World Population Prospects is released by United Nations.

2. Around 2050, India is projected to overtake China as the world’s most populous country.


(a) 1 only

(b) 2 only






by CA Rahul Kumar


(c) Both 1 and 2

(d) Neither 1 nor 2

INTERNATIONAL INSTITUTIONS

Q1. ‘Libor’ is

(a) Interbank Interest Rate

(b) London crude oil variety

(c) Coming Olympics mascot



1. The SWIFT is a global member-owned cooperative.

2. It is headquartered in London.

3. It developed a secure electronic messaging service and common standards to facilitate cross-

border payments.



(a) 1 only

(b) 1 and 2 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q3.Consider following statements

1. WTO has an Appellate Body which hears appeals in disputes brought by WTO Members.

2. Dispute Settlement Body (DSB) is the supreme body for disputes settlement at WTO.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q4. Consider the following -

1. Minimum Regulatory Capital Requirements based on Risk Weighted Assets (RWAs)

2. Supervisory Review Process

3. Market Discipline

Which of the above are pillars of BASEL III for banking sector?


(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3


1. World Economy Outlook (WEO) is issued by World Bank.






by CA Rahul Kumar


2. India is projected to grow ahead of China as WEO-2019



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None

Q5. Consider following statements

1. The Organization of the Petroleum Exporting Countries (OPEC) is headquartered in Vienna,

Austria.

2. India is one of the 14 Members of the OPEC.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q6.In the BIMSTEC, an initiative of seven countries, which of the following is/are not a

participant/ participant?

1. Bangladesh

2. Bhutan

3. China

4. Myanmar

5. Thailand


(a) 1 only

(b) 2, 3 and 4

(c) 1 and 3

(d) 1, 2,4 and 5

Q7. Which one of the following issues the ‘World Economic outlook’ report periodically?

(a) International Monetary Fund

(b) The European Bank for Reconstruction and Development

(c) The US Federal Reserve Bank

(d) The World Bank

Q8. ‘Illuminating Inequalities’ released in 2019 is related to

(a) UN Development Programme

(b) World Economic Forum

(c) Amnesty International

(d)Oxfam India

Q9. The term ‘Regulatory Consistency Assessment Programme (RCAP)’ is sometimes mentioned

in media with reference to

(a) Basel Norms

(b) FDI

(c) Insurance






by CA Rahul Kumar


(d) Participatory Notes

Q10.Recently India was part of the ‘Summit on Financial Markets and the World Economy’ (2019)

that took place in which of the following countries?

(a) India

(b) Brazil

(c) Japan

(d) France

Q11. Which one of the following issues the “Special Data Dissemination Standard (SDDS)”

(a) World Bank

(b) International Monetary Fund

(c) United Nations

(d) The Asian Development Bank

Q12.Consider the following

1. PISA was introduced by the Organisation for Economic Cooperation Development (OECD) to

test the learning levels of 15-year-olds in reading, mathematics and science.

2. India is one of participant of the programme.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. The Bank of International Settlement is owned by 60 central banks, representing countries from

around the world that together account for about 95% of world GDP.

2. Its head office is in Bern, Switzerland.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2

Q14. Consider the following about Dispute settlement Body of WTO

1. The General Council is WTO’s highest decision-making body and it also meets as the DSB.

2. Decisions are taken here by the reverse consensus method.

3. Its decisions are final and binding

Which among the following statements is/are correct?

(a) 1 and 2

(b) 2 and 3

(c) 1 and 3

(d) all



https://www.bis.org/about/member_cb.htm




by CA Rahul Kumar


Q15. Which of the following organizations brings out the publication known as ‘Ease of doing

business'?

(a)The International Monetary Fund

(b)The United Nations Development Programme

(c)The World Economic Forum

(d)The World Bank

Q16.The “Global Risks Report” is published by the

(a)International Monetary Fund

(b)United Nations Conference on Trade and Development

(c)World Economic Forum

(d)World Bank

Q17. Which of the following organizations brings out the publication known as ‘Global social

mobility index'?

(a) The International Monetary Fund

(b) The United Nations Development Programme

(c) The World Economic Forum

(d) The World Bank

Q18. Lisbon Treaty is related to

(a) Extradition of prisoners

(b) European Union

(c) Climate change



1. The “New Development Bank” International organization was jointly founded by the IBSA

Countries.

2. All countries have equal shareholding and voting rights.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

Q20. New Southern Policy is strategy of foreign relations of which of the following countries?

(a) South Korea

(b) India

(c) China

(d) America

Q21. The term “Far East” often in news refer to

(a) South Korea

(a) Eastern part of Russia

(b) Eastern part of Pacific Ocean






by CA Rahul Kumar


(c) Eastern part of North East India

(d) None

Q22. Global Microscope on Financial Inclusion Reportis published by:

(a)IMF

(b)The Economist Intelligence Unit

(c)World Economic Forum

(d)INSEAD

Q23. With reference to Tropical Forest Alliance 2020, consider the following statements:

1.It was founded in 2012 at Rio+20.

2.This project is part of the World Economic Forum’s Shaping the Future of Global Public Goods

Platform.


(a)2only

(b)1only

(c)Both1and2

(d)Neither1nor2

Q24. Global Investment Trend Monitor Report was recently released by:

(a)UNCTAD

(b)IMF

(c)WTO

(d)World Bank

Q25. India is set to sign ‘Agreement on Reciprocal Logistics Support(ARLS)’ with which of the

following countries?

(a)USA

(b)UK

(c)Japan

(d)Russia

Q26. Women, Business and the Law (WBL) is a project collecting unique data on the laws and

regulations that restrict women’s economic opportunities. It is an initiative of:

(a)OECD

(b)World Bank Group

(c)UN Women

(d)UNDP

Q27. Global Talent Competitiveness Index (GTCI) 2020 was published by:

(a)World Bank

(b)Oxfam

(c)INSEAD

(d)IMD World Competitiveness Center

INDUSTRY



https://www.insightsonindia.com/2019/11/04/global-microscope-on-financial-inclusion-report/

https://www.insightsonindia.com/2019/11/05/agreement-on-reciprocal-logistics-support-arls/




by CA Rahul Kumar


Q1. With which of the following country India has signed MoU on Cooperation in the field of

Geologyand Mineral Resources

(a) Bolivia

(b) Argentina

(c) Peru

(d) South Africa

Q2. Regarding Index of Industrial Production (IIP) , which of the following statements are true?

1. It is an annual production index, which is also considered as a lead indicator of the industrial

performance.

2. It is compiled and published by the central statistical organization (CSO).

3. The current base year of IIP is 2011-2012.


(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q3. With reference to “Faster Adoption and Manufacturing of Electric Vehicles II (FAME II)

scheme”, which of the following statements is/are correct?

1. Under it, Emphasis is on electrification of the public transportation that includes shared transport.

2. The scheme proposes for establishment of charging infrastructure


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1nor 2


1. National Automotive Testing and R&D Infrastructure Project (NATRiP), represents a

unique joining of hands between the Government of India, a number of State Governments and

Indian Automotive Industry to create a state of the art Testing, Validation and R&D

infrastructure in the country.

2. Indian Automative Industry is a Sunshine industry in India contributing to over 7.5% to country’s

GDP


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. FAGMIL is a Government of India Undertaking, under the administrative control of Department

of Fertilizers, Ministry of Chemicals and Fertilizers.

2. It is engaged in mining and marketing of mineral gypsum in Madhya Pradesh.

3. FAGMIL is Miniratna-II Company.






by CA Rahul Kumar



(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q6. Consider the following statements regarding “Turmeric Production in India”

1. India is the world’s second largest producer of turmeric

2. Maharashtra is the largest grower of turmeric in the country


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. India is the second largest producer of silk in the world.

2. Mulberry, Eri, Tussar and Muga are the main type of silk produced in the country.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. India is the second largest producer of jute in the world.

2. India is the third largest manufacturer of cotton in the world.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q9. “Bharat-22” recently seen in news is ?

(a) Biodiesel

(b) Exchange Traded Fund

(c)Solar plane

(d) Gold Bond

Q10. “Interconnect Usage Charge” ,recently seen in news is related to

(a) Train services

(b) Airport services

(c) Internet services

(d) Telecom services






by CA Rahul Kumar


Q11.What does Viability Gap Fund mean?

(a) A long-term start-up capital provided to new entrepreneurs

(b) Funds provided to industries at times of incurring losses

(c) Funds provided for replacement and renovation of industries

(d) Viability Gap Funding is a certain percentage of capital cost paid by the government


1.Paris Convention for the Protection of Industrial Property, adopted in 1883,applies to industrial

property in the widest sense, including patents, trademarks, industrial designs etc.

2.It is administered by the World trade Organisation.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2


1.Ministry of Heavy Industries and Public Enterprises has launched mission purvodaya.

2.It aims to develop eastern India by accelerated development of roadways and energy sector.


(a)1only

(b)2only

(c)Both1and2

(d)Neither1nor2


1. The country is 4th largest consumers of finished steel in world.

2. India is the largest crude steel producer.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q15. PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity in

(a) Manufacturing sector

(b)Services sector

(c) Both a and b


Q16. In India, in the overall Index of Industrial Production, the Indices of Eight Core Industries

have a combined weight of 37-90%. Which of the following are among those Eight Core Industries?

1. Cement

2. Fertilizers

3. Natural gas

4. Refinery products

5. Textiles






by CA Rahul Kumar


Select the correct answer using the codes given below :

(a) 1 and 5 only

(b) 2, 3 and 4 only

(c) 1, 2, 3 and 4 only

(d) 1, 2, 3, 4 and 5

Q17. Which of the following are the objectives of National Broadband Mission

1. Develop a Broadband Readiness Index (BRI) to measure the availability of digital

communications infrastructure.

2. Broadband access to all villages by 2030

3. Develop innovative implementation models for Right of Way (RoW).


(a) 1 only

(b) 1 and 3 only

(c) 1 and 2 only

(d) 1, 2 and 3

Q18.‘Project Zero’ recently seen in news is associated with:

(a)Land degradation and desertification

(b)Blocking the sale of counterfeit goods

(c)Decreasing carbon emissions

(d)Net neutrality

Q19.With reference to the Mineral Laws (Amendment) Ordinance 2020, consider the following

statements:

1.Through the ordinance India has opened up the coal sector completely for commercial mining for

all local and global firms after easing restrictions on end-use and prior experience in auctions

2.It has amended the Coal Mines (Special Provisions) Act, 2015, as well as the Mines and Minerals

(Development and Regulation) Act, 1957.


(a)1 only

(b)Both 1 and 2

(c)2 only

(d)Neither 1 nor 2

Q20.AGR (as per the definition of the Department of Telecom) often seen in news includes which

among the following:

1.Spectrum usage charges

2.Dividend

3.Interest on deposits

4.Profit on sale of assets


(a)1 ,2 and 3 only

(b)1 ,2 and 4 only

(c)1,3 and 4 only

(d)1 ,2, 3 and 4






by CA Rahul Kumar



1.The recently setup National Startup Advisory Council will be chaired by the Minster of Skill

Development and Entrepreneurship.

2.It aims to foster a culture of innovation amongst citizens and students in particular.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither1 nor 2


1.To recognize young people as critical drivers of sustainable development, Atal Innovation

Mission (AIM), NITI Aayog and United Nations Development Programme (UNDP) India launched

Youth Co: Lab.

2.It aims at accelerating social entrepreneurship and innovation in young India.


(a)1 only

(b)Both 1 and 2

(c)2 only

(d)Neither 1 nor 2


1.Hyperloop is the name given to a technology where in vacuum is used to transport people very

fast.

2.High speed in a hyperloop is achieved as the pods, which carry passengers, move using magnetic

levitation.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2


1. Khanij Bidesh India Ltd. (KABIL) is to be set up with the participation of three Central Public

Sector Enterprises namely, National Aluminium Company Ltd. (NALCO), Hindustan Copper Ltd.

(HCL) and Mineral Exploration Company Ltd. (MECL).

2. KABIL is to ensure a consistent supply of critical and strategic minerals to Indian domestic and

international market.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2






by CA Rahul Kumar


Q25. In India the overall Index of Industrial Production, the Indices of Eighth Core Industries have

combined weight of 37.90 %.Which of the following are among those Eight Core Industries?

1. Cement

2. Fertilizers

3. Natural Gas

4. Refinery products

5. Textiles


(a) 1 and 5only

(b) 2, 3 and 4only

(c) 1, 2, 3 and 4only

(d) 1, 2, 3, 4 and 5

Q26. National Manufacturing Competitiveness Programme (NMCP) is implemented bythe

(a) Ministry of Micro, Small and Medium Enterprises (MSMEs)

(b) Ministry of Corporate Affairs

(c) Ministry of Commerce and Industry

(d) Ministry of Heavy Industries and Enterprises


1. In India, the GI tag is governed by the Geographical Indication of Goods (Registration and

Protection) Act which came into being in 1999.

2. A GI tag is valid for twenty years.

3. Jeeraphool rice from Chhattisgarh became the country’s first product to bag a GI tag.

4. Ministry of commerce’s department for promotion of industry and internal trade is responsible

for registering GIs in India.



(a) 1, 2 and 4 only

(b) 1and 4 only

(c) 2, 3 and 4 only

(d) 1, 2, 3 and 4

Q28. National Productivity Council (NPC) comes under the

(a) Ministry of Skill Development and Entrepreneurship

(b) NITI Aayog

(c) Department for Promotion of Industry and Internal Trade

(d)Ministry of Micro, Small and Medium Enterprises


1. Small start-ups with turn over upto Rs.2.5 crore will get the promised tax holiday.

2. They will be eligible for deduction of 100 percent of income of a negligible start-up for 3 years

out of 7 years from the year of its incorporation.


(a) 1only

(b) 2only

(c) Both1and2

(d) Neither1nor2






by CA Rahul Kumar



1. The real GVA of the industrial sector has been steadily declining.

2. The low growth in the industrial sector is primarily due to the manufacturing sector.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q31. Ease of Doing Business Report is published by

a. World Bank

b. UNCTAD

c. IMF

d. WTO


1. As per industry-wise distribution of recognized startups, IT Services accounted for the

highest percent of startups.

2. Maharashtra, Karnataka and Delhi are the top three performers in terms of State-wise

distribution of recognized startups in India.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. During 2019-20, total FDI Equity inflows were higher than 2018-19.

2. 80% of FDI Equity inflows came from Singapore, Mauritius, Netherlands, USA and Japan.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. India stood at third position in the production of crude steel.

2. It is also the largest consumer of finished steel.


a. 1 only

b. 2 only

c. Both 1 and 2






by CA Rahul Kumar


d. Neither 1 nor 2


1. Textile sector is the biggest employer after agriculture.

2. Exports of textile have increased in 2018-19 compared to 2017-18.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. India is now the global leader in monthly data consumption.

2. India is the largest energy consumer in the world.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q37. Energy Transition Index is published by

a. EIU

b. UNICEF

c. World Bank

d. World Economic Forum

AGRICULTURE

Q1. With reference to National Agriculture Market (e-NAM), consider the following

1. It is an online trading portal that was launched by the Government of India on 14th April, 2015.

2. It aims to create an online transparent competitive price discovery system to facilitate farmers

with remunerative prices for their produce.

3. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM.



(a) 2 only

(b) 1 and 2

(c) 1 and 3

(d) 2 and 3

Q2. Consider the following

1. Ministry of Agriculture and Farmers Welfare has distributed more than one lakh bee-boxes

among farmers and unemployed youths across the country under its 'Honey Mission' initiative.

2. 'Honey Mission' was launched in August 2017.

3. Honey exports from India grew 19% year-on-year in 2018-19 to $105 million and 13% in the

previous fiscal to $101 million amid increasing demand.






by CA Rahul Kumar


4. Punjab, West Bengal, Uttar Pradesh and Bihar are among leading honey producing states in

India.



(a) 1and 4 only

(b) 1, 2 and 3

(c) 2, 3 and 4

(d) 4 only


Under Kisan Credit Card (KCC) facility,

1. Fisheries and animal husbandry farmers are also included

2. Interest subvention is available to eligible farmers @ 2% per annum at the time of disbursal of

loan and additional interest subvention @ 4% per annum in case of prompt repayment

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

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q4. “Crop Cutting Experiments (CCEs)” recently seen in news is related to

(a) Technology to cut crop in cost effective manner

(b) Accurately estimate the yield of a crop or region during a given cultivation cycle

(c) Used for transgenic crops


Q5. Which of the following brings out the ‘Advance Estimates of production of major crops?

(a) Ministry of Food Processing Industries

(b) Department of Agriculture, Cooperation and Farmers Welfare

(c) Department of Consumer Affairs



1. FCI is a nodal Agency for procurement of Pulses and Oilseeds.

2. The Central Government extends price support for only procurement of wheat and paddy through

the FCI and State Agencies.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q7.Consider the following:

1. Nitrogen

2. Phosphorus

3. Potash

4. Urea



http://www.fcamin.nic.in/




by CA Rahul Kumar


5. Sulphur

For which of the above Department of Fertilizers fixes Nutrient Based Subsidy Rates?

(a) 1, 2, 3 and 4

(b) 1, 2, 3 and 5

(c) 1, 2, 4 and 5

(d) 1, 2, 3, 4 and 5

Q8. With reference to “PM Kisan Maan Dhan Yojana” consider the following:

1. The scheme is voluntary and contributory for farmers in the entry age group of 18 to 40 years.

2. Monthly pension of Rs.5000/- will be provided to on attaining the age of 60 years.

3. The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age

of entry.


(a) 1 and 2 only

(b) 1 and 3 only

(c) 1only

(d) 1, 2 and 3

Q9. With reference to Price stabilization fund consider the following

1. It is to promote direct purchase from farmers/farmers’ associations at farm gate / Mandi.

2. Safal will act as Fund Manager.

3. It will act to maintain a strategic bufferstock that would discourage hoarding and unscrupulous

speculation.


(a) 1 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3


1. PM KISAN is a Central Sector scheme with 50% funding from Government of India.

2. An income support of Rs.6000/- per year in three equal instalments will be provided to small and

marginal farmer families having combined land holding/ownership of upto 2 hectares.

3. Definition of family for the scheme is husband, wife and minor children.


(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3


1. All farmers – individuals/Joint cultivator owners

2. Tenant farmers, oral lessees and share croppers

3. SHGs or Joint liability groups including tenant farmers

Which of the above is/are eligible for Kisan Credit Card?

(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only






by CA Rahul Kumar


(d) 1, 2 and 3


1. India is one of the first countries in the world to develop a comprehensive Cooling Action plan.

2. Its aim is to reduce cooling energy requirements by 25% to 40% by 2037-38.

3. It will help in Doubling Farmers Income.


(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q13. ‘Transport and Marketing Assistance (TMA)’ Scheme is related to

(a) Export under Make in India

(b) International component of freight and marketing of agricultural produce

(c) Export for Coir Industry


]

Q14. Consider following statements about Pradhan Mantri Kisan Samman Nidhi (PM-KISAN):

1. Under this programme, vulnerable landholding farmer families, having cultivable land up to 2

hectares, will be provided direct income support.

2. This programme will be funded by State Governments and Government of India in the ratio of

50:50.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q15. Consider following statements w.r.t. “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN):

1. Under the scheme PM-Kissan only Marginal farmers (SMF) families having cultivable land upto

one hectare will be provided income support.

2. The income support of Rs.6000/- per year will be provided through account payee cheque in six

equal instalments.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q16.Consider following statements w.r.t. agriculture Census:

1. Farmers having below 2-hectares land are categorised as Marginal Farmers.

2. Farmers having more than 5-hectares land are categorised as Large Farmers.


(a) 1 only

(b) 2 only

(c) Both 1 and 2






by CA Rahul Kumar


(d) Neither 1 nor 2

Q17. Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM) is under

administrative control of :-

(a) Ministry of Human resource development

(b) Ministry of Agriculture

(c) Ministry of Rural development

(d) Ministry of finance

Q18. Consider the following statements w.r.t. Electronic National Agriculture Market (e-NAM):

1. It is funded by the Central Government and State Governments in the ratio of 50:50.

2. It creates a national network of major mandis which can be accessed physically.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None

Q19.Which of the following are mechanisms of agriculture credit in India

(a)Priority sector lending

(b) interest subvention scheme

(c) kisan credit scheme

(d)all

Q20. Which of the following can be the impact of farm loan waivers?

1. can boost agricultural productivity in short-term

2. can impact banking sector balance sheet

3. can decrease credit to agriculture R&D

(a) all

(b) 1 and 2

(c) 2 and 3

(d) 1 and 3

Q21.Operation Greens taken by government aims to control prices of

(a)Tomato, onion, potato

(b)tomato, pulses, potato

(c) onion, rice, potato

(d) onion, pulses, potato

Q22. Consider the correct statement about Pradhan Mantri Kisan Mandhan Yojana.

(a) It is an old age pension scheme for all farmers

(b) It is an old age pension scheme for land holding small and marginal farmers

(c) It provides financial assistance of 6000 rs/annum for all farmers

(d) It provides financial assistance of 6000 rs/annum for land holding small and marginal farmers.






by CA Rahul Kumar


Q23.Consider the following statements regarding Pradhan Mantri Kisan Samman Nidhi (PM

KISAN).

1. PM KISAN is a Central Sector scheme with 100 % funding from Government of India

2. Under this programme, vulnerable and holding farmer families, having cultivable land upto 2

acres, will be provided direct income support at the rate of Rs. 6,000 per year.

3. Definition of family for the scheme is husband, wife and minor children.

4. All Institutional Land holders are eligible beneficiaries.


(a) 1, 2, 3

(b) 1, 3

(c) 2, 3, 4

(d)1, 3, 4


1.Cotton is a drought resistant crop ideal for arid climates.

2.India under Cotton Technical Assistance Programme(TAP) for Africa cover 41 African countries.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

Q25. Consider the following statements relating to Objectives of “Operation Greens”:

1. Price stabilisation for producers and consumers by proper production planning in the Tomato,

Onion and Potato (TOP) clusters.

2. Reduction in post-harvest losses by creation of farm gate infrastructure and creation of

appropriate storage capacity linking consumption centres.

3. Setting up of a market intelligence network to collect and collate real time data on demand and

supply and price of TOP crops.


(a)2 and 3only

(b) 2 only

(c)1 and 3 only

(d)1, 2 and 3


1. A new ration card will be required for availing the portability benefit under the government's

ambitious' one nation, one ration card' initiative

2.Under the initiative, eligible beneficiaries would be able to avail their entitled food grain under

the National Food Security Act (NFSA) from any Fair Price Shop in the country


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2







by CA Rahul Kumar


1. Under Aadhaar enabled Fertilizers Distribution System (AeFDS), it is mandatory for the retailers

to sell subsidized fertilizers through PoS devices.

2. The Fertilizer sales are not monitored online .


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1.India is self-sufficient in terms of fertilizer production and we do not Import fertilizers.

2.The MRP of urea is statutorily fixed by the Government.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q29.What is/are the advantage/advantages of implementing the ‘National Agriculture Market’

scheme?

1. It is a pan-India electronic trading portal for agricultural commodities.

2. It provides the farmers access to nationwide market, with prices commensurate with the quality

of their produce.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q30. The economic cost of food grains to the Food Corporation of India is Minimum Support Price

and bonus (if any) paid to the farmers plus

(a) transportation cost only

(b) interest cost only

(c) procurement incidentals and distribution cost

(d) procurement incidentals and charges for godowns

Q31. PM-AASHA scheme is related to

(a) ensuring remunerative prices to farmers for their produce

(b)community health worker

(c) women’s empowerment scheme

(d) free LPG scheme for women

Q32.Which one of the following best describes the main objective of ‘Seed Village Concept?

(a) Encouraging the farmers to use their own farm seeds and discouraging them to buy the seeds

from others

(b) Involving the farmers for training in quality seed production and thereby to make available

quality seeds to others at appropriate time and affordable cost

(c) Earmarking some villages exclusively for the production of certified seeds






by CA Rahul Kumar


(d) Identifying the entrepreneurs in village and providing them technology and finance to set up

seed companies Solution

Q33.Under the Pradhan Mantri Kisan SAMPADA Yojana, the following schemes will be

implemented:

1. Setting up of SEZ’s and mega food parks

2.Integrated Cold Chain and Value Addition Infrastructure

3.Food Safety and Quality Assurance Infrastructure


(a)1 and 3

(b)1 and 2 only

(c)2 and 3 only

(d)1 ,2 and 3


1. Zero Budget Natural Farming (ZBNF), which is a set of farming methods, and also a grassroots

peasant movement, has spread to various states in India.

2.Four pillars of ZNBF are Jivamrita, Bijamrita, Acchadana and Whapasa.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)1, 2 and 3

Q35. With reference to the Agricultural and Processed Food Products Export Development

Authority (APEDA), consider the following statements:

1.It was established by the Government of India under the Agricultural and Processed Food

Products Export Development Authority Act passed by the Parliament in December,1985.

2.It replaced the Processed Food Export Promotion Council (PFEPC).


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2


1. The share of agriculture and allied sectors in the total GVA of the country has been

declining.

2. The share of agriculture and allied sectors in its contribution to national income has

gradually increased.

Select the correct code.

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. Farm mechanization market in India has been decelerating.






by CA Rahul Kumar


2. Overall farm mechanization in India is lower compared to other countries.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q38.The Economic Cost of foodgrains consists of

a. Pooled cost of grains

b. Procurement incidentals

c. Cost of distribution

d. All the above


1. The regional distribution of agricultural credit in India is highly skewed.

2. It is observed that credit is the least in North Eastern, Hilly and Eastern States.

3. It is observed that credit is the highest in Punjab and Uttar Pradesh


a. 1 only

b. 1 and 2 only

c. 1 and 3 only

d. All the above

Q40.Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) is amalgamation of which of the following

schemes?

1. Accelerated Irrigation Benefits Programme (AIBP)

2. Har Khet Ko Pani (HKKP)

3. Per Drop More Crop (PDMC)

4. Watershed Development (WD)

5. Command Area Development (CAD)

Select the answer from the codes given below:

(a) 1, 2, 3 and 4 only

(b) 1, 2, 3 and 5 only

(c) 1, 2, 4 and 5 only

(d) 1, 2, 3, 4 and 5

INFRASTRUCTURE Q1. 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.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q2. Consider following statements about National Rural Economic Transformation Project

(NRETP):






by CA Rahul Kumar


1. It will help women in rural households shift to a new generation of economic initiatives by

developing viable enterprise for farm and non-farm products.

2. It is funded by World Bank.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q3. With reference to Bharat Mala Project, consider the following statements :

1. Under programme, roads will be built along borders with Bhutan and Nepal and bottlenecks on

existing Golden Quadrilateral highway network will be removed.

2. It envisages construction of roads along India's borders, coastal areas, ports, religious and

tourist places as well as over 100 district headquarters.

3. The BharatMala project will include economic corridors, inter-corridor and feeder route, national

corridors efficiency improvement, border roads and international connectivity, coastal roads and

port connectivity and greenfield expressway


(a) 1 and 3 only

(b) 2 only

(c) 2 and 3 only

(d) 1, 2 and 3


1.NITI Aayog recently unveiled the Infrastructure Investment Trust (InvITs) roadmap.

2.Infrastructure Investment Trust (InvITs) are investment scheme similar to mutual funds that allow

investment from individuals and institutional investors ininfrastructure projects to earn a portion of

the income as return.


(a)Both1 and 2

(b)1 only

(c)2 only

(d)Neither 1 nor 2

Q5. Consider the following statements related to “Bharatmala Project”:

1. Economic corridors

2. Inter-corridor and feeder roads

3. Border and International connectivity roads

4. Coastal and port connectivity roads

5. Expressways

Which of the above are included under the project?

Select the correct answer using the code given below

(a) 1,2 and 3 only

(b) 2,3and 4 only

(c) 1,2,3 and 4 only


Q6.“Mattala Airport” is located in






by CA Rahul Kumar


(a) India

(b) Srilanka

(c) Maldives

(d) Seychelles

Q7. India Smart Grid Forum (ISGF) is a public private partnership initiative of:

(a)Ministry of Coal

(b)Ministry of Communications

(c)Ministry of Power

(d)Ministry of Electronics and Information Technology

Q8. “Chattogram” and “Mongla” recently seen in news are

(a) Coal mines

(b) Uranium mines

(c) Port

(d) Oil field

Q9.India recently inaugurated the infrastructure facilities constructed to support the proposed oil

refinery project in

(a) Mongolia

(b) Bhutan

(c) Nepal

(d) Afghanistan


1. National Investment and Infrastructure Fund Limited (NIIFL) is an investor-owned fund

manager, anchored by the Government of India (GoI) in collaboration with leading global and

domestic institutional investors.

2. The funds are registered as angel funds with the Securities and Exchange Board of India (SEBI).


(a) 1only

(b) 2only

(c) Both1and 2

(d) Neither1nor2

SOCIAL SECTOR

Q1.Consider the following statements related to ‘RashtriyaVayoshri Yojana’ (RVY):

1. Only for senior citizens, belonging to BPL category.

2.To providephysical aids and assisted living devices.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q2.With reference to Bharatiya POSHAN Krishi Kosh, consider the following statements:

1.It was announced by the Ministry of Women and Child Development along with Bill & Melinda

Gates Foundation (BMGF) in November, 2019.



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by CA Rahul Kumar


2.It has two components–Development of a Food Atlas and Documentation of promising practices

for Jan-Andolan for POSHAN Abhiyaan.


(a)2 only

(b)1 only

(c)Both 1 and 2

(d)Neither 1 nor 2


1.Jal Jeevan Mission aims to give functional tap-water to every household in the country by 2022.

2.Water is part of the concurrent list.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2


1.Internet connectivity

2.Water conservation

3.SHGs

4.Sports Youth club culture

Which of the following are covered under Mission Antyodaya clusters?

(a)1,2,3

(b)2,3,4

(c)1,3,4

(d)All

Q5.‘The International Migrant Stock 2019’ report is released by

(a) UN Department of Economic and Social Affairs (DESA)

(b) UN Development Programme

(c) UN General Assembly

(d) Amnesty International

Q6.Consider the following about Global Liveability Index

1. It is given by Economist Intelligence Unit

2. New Delhi and Mumbai ranked at 55 and 85 respectively among 140 cities

Which of the following statements is/are correct?

(a)1 only

(b)2 only

(c) Both

(d) None

Q7. With reference to Arogya Sanjeevani Policy, consider the following statements:

1.It is a Standard Health Insurance Product (SHIP) to be rolled out from April 1, 2020, onwards.

2.It primarily focuses on women of BPL households.







by CA Rahul Kumar


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

Q8. Consider the following

1. Vidya Lakshmi Portal provides single window for Students to access information and make

application for Educational Loans provided by Banks and Govt Scholarships.

2. A student can apply to a maximum of two Banks through Vidya Lakshmi portal using CELAF.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. Health & Nutrition

2. Education

3. Artificial Intelligence

4. Financial inclusion

5. Skill development

6. Basic Infrastructure

Which of the above are focus area for Transformation of Aspirational District Programme?

(a) 1, 2, 3 and 4

(b) 1, 2, 3 and 5

(c) 1, 2, 4 and 5

(d) 1, 2, 3, 4 and 5


1. Expenditure on social services, as a proportion of GDP, has increased by 1.5%.

2. Total formal employment in the economy increased to 9.98%


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q11.Human Development Index is published by

a. World Bank

b. UNESCO

c. WHO

d. UNDP


1. Least expenditure in the various components of education is for the course fees.






by CA Rahul Kumar


2. Students pursuing education in private aided institutions are spending significantly higher as

compared to government institutions


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q13.Which of the following statements are true?

1. The share of regular wage/salaried employees has decreased as per usual status.

2. The proportion of women workers in the regular wage/salaried employees category has

increased.

3. Among the self-employed category, while the proportion of own account workers and

employers increased.

4. The distribution of workers in the casual labour category increased.


a. 1 and 2 only

b. 2 and 3 only

c. 1 and 3 only

d. 2 and 4 only


1. Female labour force participation rate for productive age-group shows a declining trend.

2. The rate of decline was also sharper in urban areas compared to rural areas


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

SERVICE SECTOR

Q1.Which of the following statements about the service sector are true?

a. It accounts for around 55% of the total size of the economy and GVA growth.

b. It accounts for two-thirds of total FDI inflows into India.

c. It accounts for about 38% of total exports.

d. All the above


1. FDI equity inflows accounted for about two-thirds of the total gross FDI equity inflows into

India.

2. Bank credit to the services sector has continued to decelerate.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2






by CA Rahul Kumar



1. India now ranks 1st among the world’s largest commercial services exporters.

2. Despite India’s strong performance in services exports, India’s financial services exports

have remained stagnant


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. The top five states attracting foreign tourists are Tamil Nadu, Maharashtra, Uttar Pradesh,

Delhi and Rajasthan.

2. The top five states attracting domestic tourists are Tamil Nadu, Uttar Pradesh, Karnataka,

Andhra Pradesh and Maharashtra.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

SUSTAINABLE DEVELOPMENT

Q1. SATAT is an initiative aimed at

(a) Alternative towards Affordable Transportation

(b) Doubling farmers income

(c) Electricity to all


Q2.Swachh Bharat Mission (Grameen), (SBM-G ) assumes significance in the wake of cleanliness

in India. Which of the followings are key components of the implementation of SBM-G :

1. Construction of household toilets

2. Construction of community sanitary complexes

3. A revolving fund at the Village level

4. Funds for rural sanitary marts, where materials for the construction of toilets, etc., may be

purchased

5. Funds for solid and liquid waste management.

Select the correct answer using the code given below :

(a) 1, 3 and 4

(b) 2, 3, 4 and 5

(c) 2, 4 and 5

(d) 1, 2, 4 and 5

Q3. Consider the following statements with respect to Trade Related Analysis of Fauna andFlora in

Commerce (TRAFFIC)

1. It is a bureau under United Nations Environment Programme (UNEP).

2. It works globally on trade in wild animals and plants in the context of both biodiversity

conservation and sustainable development.






by CA Rahul Kumar


Which of the statement(s) given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q4. Which of the following state recently set up the country's first International Women's Trade

Centre (iWTC), inconsonance with the United Nations Sustainable Development Goals (SDGs).

(a) Telangana

(b) Gujarat

(c) Maharashtra

(d) Kerala

Q5.Which among the following international organisations has launched a global initiative to grow,

restore and conserve 1 trillion trees around the world?

(a)World Economic Forum

(b)UNEP

(c)IUCN

(d)World Wide Fund for Nature


1.Green Credit scheme allows “forests” to be traded as a commodity.

2.It allows the Forest Department to outsource one of its responsibilities of reforesting to non-

government agencies.


(a)Both 1 and 2

(b)1 only

(c)2 only

(d)Neither 1 nor 2

Q7. With reference to the State Energy Efficiency Index 2019, consider the following:

1. The index is developed by Bureau of Energy Efficiency (BEE) in association with Alliance for an

Energy Efficient Economy (AEEE)

2.Haryana, Karnataka and Kerala have topped the State Energy Efficiency Index 2019.

Which of the above statements are correct?

(a)2 only

(b)1 and 2

(c)1 only


Q8. With reference to UNESCO Creative Cities Network (UCCN), consider the following

statements:

1. The UNESCO Creative Cities Network (UCCN) was created in 2004 to promote cooperation

with and among cities that have identified creativity as a strategic factor for sustainable urban and

rural development.






by CA Rahul Kumar


2. Mumbai, Hyderabad and Chennai are the only Indian cities that have been designated as

members of UCCN so far.

3.Categories for recognition under UCCN include Crafts and Folk Arts, Design, Film, Gastronomy,

Music, Media Arts and Literature.


(a)1 and 3 only

(b)1, 2 and 3

(c)3 only

(d)2 only

Q9.“Green Channel” ,recently in the news recently is related to

(a) Environment clearance for a project

(b) Mergers and acquisition

(c) A TV channel launched by BBC



1. Zero Budget Natural Farming (ZBNF) is a set of farming methods, and a grass roots peasant

movement, which has spread to various states in India.

2.It was the southern Indian state of Kerala where ZBNF first evolved.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2


1. BS-VI mass emission standard for vehicles are mandatory throughout the country from April 1,

2022 to curb pollution across the country.

2. National Electronic Toll Collection (FASTag) programme can also be used for parking purposes.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q12.Consider the following statements related toIREDA:

1. IREDA is India’s financial institution dedicated to clean energy expansion.

2. IREDA has financed the largest share of renewable energy projects in India.

3. It was founded under MNRE in 2009.

Which of the statements given above is/are correct ?

(a) 2 and 3 only

(b) 2 only

(c) 1 and 2 only

(d) 1,2 and 3







by CA Rahul Kumar


1. The Renewable Energy and Energy Efficiency Partnership(REEEP) develops innovative,

efficient financing mechanisms to strengthen markets for clean energy services in low- and middle-

income countries.

2. REEEP's work is made possible by generous donors and are funded primarily by sovereign

governments, multilateral and international organizations.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q14.Which among the following plans to phase out fossil fuel financing?

(a)Nordic Investment Bank(NIB)

(b)Asian Development Bank(ADB)

(c)European Investment Bank(EIB)

(d)New Development Bank(NDB)


1.GCF helps developed and developing countries limit or reduce their green house gas (GHG)

emissions and adapt to climate change.

2.It was set up by the 194 countries who are parties to the United Nations Framework Convention

on Climate Change (UNFCCC) in 2009, as part of the Convention’s financial mechanism.


(a)2 only

(b)1 only

(c)Both1 and 2

(d)Neither1 nor 2

Q16. Consider the following statements in respect of Trade Related Analysis of Fauna and Flora in

Commerce (TRAFFIC):

1. TRAFFIC is a bureau under United Nations Environment Programme(UNEP).

2. The emission of TRAFFIC is to ensure that trade in wild plants and animals is not a threat to the

conservation of nature.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor2


1. Green climate fund is accountable to the World Bank.

2. The Fund’s investments can be in the form of grants, loans, equity or guarantees.

3. The Fund is headquartered in Songdo, in the Republic of Korea.


(a) 1only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3






by CA Rahul Kumar



1. The forest and tree cover 24.56% of the geographical area of the country.

2. India reduced its emission intensity by 21% from 2005 to 2014.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. There has been an increase of forest and tree cover compared to the previous assessment.

2. In terms of canopy density classes, the area covered by Very Dense Forest is the highest.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q20.Global Forest Resource Assessment is released by

a. UNICEF

b. FAO

c. IUCN

d. WWF


1. Net change in carbon stock in India shows that net change is highest in litter carbon.

2. Net change in carbon stock in India shows that net change is least in soil organic carbon.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2


1. The Shannon-Wiener Index for Diversity is used for measuring species richness and

abundance.

2. The index also compares diversity of species among various habitats.


a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

GOVERNMENT SCHEMES







by CA Rahul Kumar


1. The ‘Food Safety Mitra (FSM)’ scheme will support medium and large scale food businesses to

comply with the food safety laws.

2. The ‘Eat Right Jhola’, are usable cloth bag shall replace plastic bags for grocery shopping in

various retail chains.


(a)1 only

(b)2 only

(c) Both 1 and 2

(d)Neither 1 nor 2

Q2.Who among the following can join the National Pension System(NPS)?

(a)Resident Indian citizens only

(b)Persons of age from 21 to 55 only

(c)All State Government employees joining the services after the date of notification by the

respective State Governments

(d)All Central Government employees including those of Armed Forces joining the services on or

after 1St April, 2004

Q3.With reference to Pradhan Mantri Matru Vandana Yojana (PMMVY), consider the following

statements:

1.It is a flagship scheme of the Government for pregnant women and lactating mothers.

2.It is a direct benefit transfer scheme under which cash benefits are provided to pregnant women in

their bank account directly to meet enhanced nutritional needs and fully compensate for wage loss.

3.The eligible beneficiaries also receive cash incentive under Pradhan Mantri Surakshit Matritva

Abhiyan.


(a)1 and 2 only

(b)1 only

(c)2 only

(d)1 and 3 only


1.UJALA is a flagship project of the government where it wants every BPL household in India to

use LED bulbs.

2.Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Union Ministry of

Power.

3.Street Light National Programme (SNLP) was launched in 2015.


(a)2 only

(b)2 and 3 only

(c)3 only

(d)1 and 3 only

Q5. Consider the following statements related to Pradhan Mantri Van Dhan Yojana (PMVDY):

1. Pradhan Mantri Van Dhan Yojana (PMVDY) is a Market Linked Tribal Entrepreneurship

Development Program for forming clusters of tribal Self-Help Groups.






by CA Rahul Kumar


2. TRIFED has also partnered with UNESCO for promoting Van Dhan program through the tribal

Culture, Craft, Cuisine and Commerce.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


1. National Skill Development Fund was set up in 2009 by the Government of India for raising

funds both from Government and Non Government sectors for skill development.

2. The Fund meets its objectives through National Skill Development Corporation (NSDC) which is

an industry led ‘Not For Profit Company’ set up for building skill development capacity and forging

strong linkages with the market.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q7.New Swarnima Scheme for Women is associated with

(a) Ministry of Labour and Employment

(b) Ministry of Social Justice and Empowerment

(c) Ministry of Skill Development and Entrepreneurship

(d) Ministry of Women and Child Development


Under Pradhan Mantri KisanSamman Nidhi (PM-KISAN)

1. All Institutional land holders and vulnerable landholding farmer families, having cultivable land

upto 1.5 hectares, will be provided direct income support.

2. Common Service Centres (CSCs) have also been authorized to do registration of the farmers for

the Scheme upon payment of fees.

Which of the statements given above is/are not correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q9. Consider following statements about PM-Kisan Samman Nidhi Yojana?

1. The Farmer should be a citizen of India.

2. Those Small and marginal farmer families who have combined land holding or ownership of up

to 2 hectares are eligible to apply.

3. The Persons who paid Income Tax in last assessment year are also eligible to apply


(a) 1 and 2 only

(b) 2 only

(c) 3 only



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by CA Rahul Kumar


(d) 2 and 3 only


1. All landholder farmers’ families in the country are eligible for the PM-Kisan Scheme.

2. Under the PM-Kisan Scheme an income support of Rs.6000/- per year is provided to all farmer

families across the country in three equal instalments of Rs.2000/- each every four months.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q11.Which of the following is/are the aims of “Digital India” Plan of the Government of India?

1.Formation of India’s own Internet companies like China did.

2.Establish a policy framework to encourage overseas multinational corporations that collect Big

Data to build their large data centres within our national geographical boundaries.

3.Connect many of our villages to the Internet and bring Wi-Fi to many of our schools, public

places and major tourist centres.


(a)1 and 2only

(b)3 only

(c)2 and 3 only

(d)1, 2 and 3


1. Better health outcomes

2. Achieving INDC targets

3.Women empowerment

4.Alternate livelihood opportunities

Which of the following statements are the positive outcomes of UJJWALA Yojana?

(a)1,2,3

(b)2, 3, 4

(c)1, 3, 4

(d)All

Q13. Consider the following statements with respect to Atal Bhoojal Yojana

1. The emphasis of the scheme will be on recharge of ground water sources and revival of surface

water bodies by involving people at the local level.

2. The half of the fund will be supported by a World Bank loan and the rest will be funded by state

government.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q14. Consider the following statements with respect to Kisan Urja Suraksha evam Utthaan

Mahabhiyan (KUSUM) Scheme






by CA Rahul Kumar


1. The Scheme aims to provide last mile electrical connectivity to all rural and urban households.

2. The scheme required the consumer to mandatorily have a bank account linked with Aadhaar

number for availing LPG Subsidy.

3. It is implemented by Ministry of New and Renewable Energy.


(a) 3 only

(b) 1 and 2 only

(c) 2 and 3 only

(d) None

Q15. Consider the following statements regarding Swachh Bharat Mission (Grameen) (SBM-G )

1. Construction of toilets in government schools will be done by the Ministry of Women and Child

Development

2. Construction of toilets in Aganwadis will be done by the Ministry


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q16.With reference to the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) Scheme

in India, which of the following statements is/are correct?

1. Electricity connections will be given to APL families for Rs 500, which will be payable in 10

equal monthly instalments

2. It also includes the Repair and Maintenance (R&M) for 5 years.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1nor 2

Q17.Regarding the features of Deendayal Antyodaya Yojana (DAY) - urban, which of the

following statements is not correct?

(a) It is implemented by Ministry of Housing & Urban Poverty Alleviation

(b) Normally, Funding will be shared between the Centre and the States in the ratio of 75:25.

(c) Cost of construction of shelters for urban homeless is fully funded under the Scheme.


Q18. Consider following statements related to Mid-Day Meal-

1. Cooking cost is linked to Inflation Index.

2. Mid-Day Meal Scheme (MDMS) covers all school children studying in Classes I-VIII of

Government, Government-Aided Schools.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2






by CA Rahul Kumar



1. Energy Efficiency Services Limited (EESL) is a joint venture of only two national Public-Sector

Undertakings.

2. It is implementing agency for Unnat Jyoti by Affordable LEDs for All (UJALA).


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q20. Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana is

(a) a pension scheme for workers in the unorganised sector

(b) a pension scheme for workers in the organised sector

(c) Both of the above


Q21.Consider the following statements related to Pradhan Mantri Ujjwala Yojana (PMUY):

1. LPG connections will be provided to BPL families with a support of Rs.2000 per connection.

2. As per a WHO report, smoke inhaled by women from unclean fuel is equivalent to burning 400

cigarettes in an hour.


(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q22. With reference to the ‘"Housing for All by 2022" Mission- URBAN, which of the

following statements is/are correct ?

1. It is implemented by the Ministry of Housing & Urban Poverty Alleviation

2. It is a Centrally Sponsored Scheme, except the credit linked subsidy component, which will be

implemented as a Central Sector Scheme

3. Ownership of houses will be in the name of woman and never jointly with husband

Select the correct answer using the code given below :

(a) 1 and 2 only

(b) 2 only

(c) 2 and 3 only

(d) 1, 2 and 3


1. Rashtriya Vayoshri Yojana (RVY) is scheme administered by The Ministry of Women and Child

Development.

2. Under the Scheme, physical aids and Assisted Living Devices are provided free of cost to the

beneficiary Women belonging to BPL category.


(a) 1 only

(b) 2 only






by CA Rahul Kumar


(c) Both 1 and 2

(d) Neither 1 nor 2


1. Uchhatar Avishkar Yojana (UAY) is 100% industry sponsored Scheme.

2. One of the objectives of UAY scheme is to promote innovation in IITs.



(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None

Q25. Which of the following is a ‘Scheme for Life Insurance’:-

(a) The Pradhan Mantri Jan Dhan Yojana (PMJDY)

(b) The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

(c) The Pradhan Mantri Suraksha Bima Yojana (PMSBY)

(d) The Atal Pension Yojana (APY)

MISCELLANEOUS

Q1. With reference to IRSED, consider the following

1. The third meeting of the IRSED focussed on six core areas of cooperation, namely, Development

of Transport Infrastructure and Technologies; Development of Agriculture and Agro-Processing

sector; Small and Medium Business support; Digital Transformation and Frontier Technologies;

Cooperation in Trade, Banking, Finance, and Industry; and Tourism & Connectivity.

2. The IRSED was established following a bilateral MoU signed between NITI Aayog and the

Ministry of Economic Development of the Russian Federation during the 19th edition of the Annual

India-Russia Bilateral Summit.

3. The meeting was attended by finance ministers and senior leaders of both the countries to help

enhance strategic economic cooperation between our countries

Which of the statements given above is/are incorrect?


(a) 1 and 3 only

(b) 1, 2 and 3

(c) 2 and 3 only

(d) 3 only

Q2. ‘Indian Performing Rights Society(IPRS)’recently seen in news is a/an:

(a) Representative body of artists and music owners

(b)Theatre network

(c)International child rights network

(d)Anti-drug trafficking organisation

Q3.The author of book “Good economics for hard times” is

(a) Esther Duflo

(b) CRangarajan






by CA Rahul Kumar


(c)AmartyaSen

(d)Elinor Ostrom

Q4.Which one of the following is a partner with World Food Programme to develop the new global

hunger monitoring system called “Hunger Map LIVE”?

(a) Amazon

(b) Google

(c) Alibaba Cloud

(d) Walmart

Q5. The ‘Kimberley Process (KP)’ recently in the news, is related to

(a) Dispute resolution between parties

(b) Conflict diamonds

(c) Coal mining

(d) Gold standard

Q6. Ease of living index is released by

(a) Ministry of Housing and Urban Poverty Alleviation

(b) NITI Aayog

(c) NSSO

(d) Labour Bureau

Q7.The 2019 Sveriges Riksbank Prize in Economic Sciences was conferred on

(a)Abhijit Banerjee

(b)Amartya Sen

(c)Jean Dreze



1. Institute for Competitiveness , India is the Indian knot in the global network of the Institute for

Strategy and Competitiveness at London School of Economics.

2.Institute for Competitiveness, India conducts & supports indigenous research; offers academic &

executive courses; provides advisory services to the Corporate & the Government.


(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

Q9. Consider following statements w.r.t. NITI Aayog :-

1. The Vice President is the Ex-officio chairman.

2. Its Governing Council consists of Chief Ministers of all the States and Union territories with

Legislatures and lieutenant governors of Union Territories.



(a) 1 only



https://en.wikipedia.org/wiki/Ministry_of_Housing_and_Urban_Poverty_Alleviation




by CA Rahul Kumar


(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Q10. Kafala system sometimes seen in the news recently was followed by which of the following

countries?

(a) Qatar

(b) Zambia

(c) Indonesia

(d) Maldives

Q11. ‘The Theory of Moral Sentiments’ book is written by:-

(a) John Maynard Keynes

(b) Friedrich August von Hayek

(c) Karl Marx

(d) Adam Smith

Q12. The coin of Rs 350 denomination has been released by Government recently to mark the Birth

Anniversary of :-

(a) Guru Nanak Dev

(b) Guru Govind Singh

(c) Baba Bhim Rao Ambedkar

(d) Mahatma Buddha



Documents

Current Economics MCQs (Jan by CA Rahul Kumar 350+ Current