1. 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.
2. ‘Recognition of Prior Learning Scheme’ is sometimes mentioned in the
news with reference to
a. Certifying the skills acquired by
construction workers through traditional channels.
b.
Enrolling
the persons in Universities for distance learning programmes
c.
Reserving
some skilled jobs to rural and urban poor in some public sector undertakings.
d. Certifying the skills acquired by
trainees under the National Skill Development Programme.
3. Which
of the following statements is/are correct regarding the Monetary Policy
Committee (MPC)?
i. It decides the RBI’s benchmark
interest rates.
ii. It is a 12 – member body
including the Governor of RBI and is reconstituted every year.
iii. It functions under the
chairmanship of the Union Finance Minister.
Select the
correct answer using the code given below:
a)
1
only
b)
1
and 2 only
c)
3
only
d)
2
and 3 only
4. The
Trade Disputes Act of 1929 provided for
a. The participation of workers in
the management of industries.
b.
Arbitrary
powers to the management to quell industrial disputes.
c.
An
intervention by the British Court in the event of a trade dispute.
d. A system of tribunals and a ban
on strikes.
5. The
term ‘ Digital Single Market Strategy’ seen in the news refers to
a. ASEAN
b.
BRICS
c.
EU
d. G20
6. With
reference to the ‘Prohibition of Benami Property Transactions Act, 1988 (PBPT
Act)’, consider the following statements:
i. A
property transaction is not treated as a benami transaction if the owner of the
property is not aware of the transaction.
ii. Properties
held benami are liable for confiscation by the Government.
iii. The
Act provides for three authorities for any appellate mechanism.
Which of the
statements given above is/are correct?
a)
1
only
b)
2
only
c)
1
and 3 only
d)
2
and 3 only
7. Which
of the following has/have occurred in India after its liberalization of
economic policies in 1991?
i. Share
of agriculture in GDP increased enormously.
ii. Share
of India’s exports in world trade increased.
iii. FDI
inflows increased
iv. India’s
foreign exchange reserves increased enormously.
Select
the correct answer using the codes given below:
a)
1
and 4 only
b)
2,
3 and 4 only
c)
2
and 3 only
d)
1,
2, 3 and 4
8. Consider
the following statements:
i. National
Payments Corporation of India (NPCI) helps in promoting the financial inclusion
in the country .
ii. NPCI
has launched RuPay, a card payment scheme.
Which
of the statements given above is/are correct?
a)
1
only
b)
2
only
c)
Both
1 and 2
d)
Neither
1 nor 2
9. What
is/are the most likely advantages of implementing ‘Goods and Services Tax
(GST)’?
i. It
will replace multiple taxes collected by multiple authorities and will thus
create a single market in India.
ii. It
will drastically reduce the ‘Current Account Deficit’ of India and will enable
it to increase its foreign exchange reserves.
iii. It
will enormously increase the growth and size of economy of India and will
enable it to overtake China in the near future.
Select
the correct answer using the code given below:
a)
1
only
b)
2
and 3 only
c)
1
and 3 only
d)
1,
2 and 3
10.
‘Broad – based Trade and
Investment Agreement (BTIA)’ is sometimes seen in the news in the context of
negotiations held between Indian and
a. European Union
b.
Gulf
Cooperation Council
c.
Organization
for Economic Cooperation and Development
d. Shanghai Cooperation
Organization.
11.
Consider the following
statements:
i. Tax
revenue as a percent of GDP of India has steadily increased in the last decade.
ii. Fiscal
deficit as a percent of GDP of India has steadily increased in the last decade.
Which
of the statements given above is/are correct?
a)
1
only
b)
2
only
c)
Both
1 and 2
d)
Neither
1 nor 2
12.
With reference to ‘National
Investment and Infrastructure Fund’, which of the following statements is / are
correct?
i. It
is an organ of NITI Aayog.
ii. It
has a corpus of Rs.4,00,000 crore at present.
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
13.
The Global Infrastructure
Facility is a / an
a. ASEAN initiative to upgrade
infrastructure in Asia and financed by credit from the Asian Development Bank.
b.
World
Bank collaboration that facilitates the preparation and structuring of complex
infrastructure Public-Private Partnerships (PPPs) to enable mobilization of
private sector and institutional investor capital.
c.
Collaboration
among the major banks of the world working with the OECD and focused on
expanding the set of infrastructure projects that have the potential to
mobilize private investment.
d. UNCTAD funded initiative that
seeks to finance and facilitate infrastructure development in the world.
14.
Which of the following statements
best describes the term ‘Scheme for Sustainable Structuring of stressed Assets
(S4A)’, recently seen in the news?
a. It is a procedure for considering
ecological costs of developmental schemes formulated by the Government.
b.
It
is Scheme of RBI for reworking the financial structure of big corporate
entities facing genuine difficulties.
c.
It
is a disinvestment plan of the Government regarding Central Public Sector
Undertakings.
d. It is an important provision in
“The Insolvency and Bankruptcy Code” recently implemented by the Government.