Q. Which one is correct about IMF?
1) It grants loan to any country
2) It grants loan to only developing countries
3) It grants loan to only member countries
4) It grants loan to the Central Bank of a country
Q. Matabari Pera and Pachra have got Geographical Indication (GI) tag. They are produced in which State?
1) Assam
2) Mizoram
3) Manipur
4) Tripura
Q. Before the inception of the First Five-Year Plan, which among the following Plans were initiated in India?
1. Bombay Plan
2. People's Plan
3. Sarvodaya Plan
4. Gandhian Plan
Select the answer using the code given below:
1) Only 1 and 2
2) Only 1 and 3
3) Only 3 and 4
4) 1, 2, 3, and 4
Q. Which among the following statements with regard to Five-Year Plans in India is/are correct?
1. The First and Ninth Five-Year Plans accorded high priority to agriculture.
2. The Third Plan was based on the Harrod-Domar Model.
3. Seventh Plan focused on food, work and productivity.
4. The Ninth Five-Year Plan emphasized on massive investments in the public sector.
Select the answer using the code given below:
1) Only 1
2) 1 and 3
3) 3 and 4
4) 1, 2, and 4
Q. Which among the following is/are the objective(s) of setting up of Planning Commission in the 1950s in India?
1. To increase production and offer opportunities to all for employment.
2. To make an assessment of all the resources of the country.
Select the answer using the code given below.
1) Only 1
2) Only 2
3) Both 1 and 2
4) Neither 1 nor 23
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
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