Q. Consider the following Rights -
I. Right to safety
II. Right to be informed
III. Right to choose
IV. Right to be heard
V. Right to seek redressal
VI. Right to consumer awareness
How many of the rights are covered under the Consumer Protection Act ?
1) Only three
2) Only four
3) Only five
4) All six
Q. Consider the following statements in relation to Goods and Services Tax -
I. At present, crude oil, petrol (MS), Diesel (HSD), ATF, and Natural Gas are part of the GST.
II. As per Section 12(5) of the Constitution (101st Amendment) Act, GST Council shall recommend the date from which the GST will be levied on such products.
III. In the present dispensation, The Central Government levies excise duty on auto fuels, while State governments impose a Value Added Tax(VAT) and sales tax on these products.
How many statements given above are correct ?
1) Only one
2) Only two
3) All three
4) None of the above
Q. Consider the key components of the monetary policy -
(I) Repo Rate
(II) Standing Deposit Facility Rate
(III) Bank Rate
(IV) Cash Reserve Ratio
How many of the above have been changed in Monetary Policy Review June 7, 2024?
1) Only two
2) Only three
3) All four
4) None of the above
Q. One of the disadvantages of the Wholesale Price Index in India is that -
1) It does not cover the services sector
2) It is not available for individual commodities
3) It is available only on a monthly basis
4) It is available only at constant prices
Q. Which of the following is not an objective of the Monetary Policy of RBI?
1) Boost economic development
2) Direct credit in a desirable direction
3) Control inflationary pressure
4) Ensure social justice
Q. Commercial banks in India are mandatorily required to disburse a percent of their loans to the agriculture sector -
1) 18%
2) 25%
3) 30%
4) 40%
Q. Consider the following International Agencies:
I. World Bank
II. International Monetary Fund III. Asian Infrastructure Investment Bank
IV. New Development Bank
Which of the above institutions provide long-term development loans to member countries?
1) Only I and II
2) Only I
3) Only I, III, and IV
4) All I, II, III and IV
Q. Life Insurance Corporation of India came into existence in -
1) 1960
2) 1955
3) 1956
4) 1959
Q. Which of the following programme is not associated with the National Mission for Sustainable Agriculture (NMSA)?
1) RAD
2) SHC
3) RKVY
4) PM-KSY
Q. The National Food Security Mission (NFSM) was launched in -
1) 2007
2) 2006
3) 2008
4) 2009
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