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Daily Regarding Geothermal Energy, choose the correct statement out of the following:
i) It is present between rocks and fluids beneath the Earth’s surface
ii) First geothermal plant was established in the USA
Through which of the following sources can
the government finance its fiscal deficit?
1. net borrowing at home
2. borrowing from abroad
3. borrowing from RBI
Select the correct answer using the code
given below.
The policy of Import Substitution refers:
With reference to Goods and Services Tax
(GST), consider the following statements:
1. It is a type of value added tax.
2. The tax under GST regime is imposed at
the point of consumption.
3. It is not applicable on imports of goods
and services.
Which of the statements given above is/are
correct?
Consider the following statements with
regard to Fiat money:
1. It does not have an intrinsic value of its
own.
2. It cannot be refused by any citizen of the
country for settlement of any
transaction.
Which of the statements given above is/are
correct?
Which of the following is/are the
components of trade balance?
1. Trade in goods
2. Trade in services
3. Net transfers
Select the correct answer using the code
given below
Which of the following best describes tariff
and non-tariff barriers?
Effective Revenue Deficit is
Which of the following banking institutions
are involved in providing direct credit to
rural population?
1. Commercial bank
2. Regional rural bank
3. Land development bank
4. NABARD
Select the correct answer using the code
given below
With reference to economy, Current Daily
Status and Current Weekly Status are
approaches to measure:
As per the income method of calculating
GDP, which of the following act as factors
of production?
1. Labour
2. Capital
3. Entrepreneur
4. Land
Select the correct answer using the code
given below.
Which of the following is not a component
of balance of payments account?
If the country A has higher inflation than
country B, the exchange rate of country A
with respect to country B’s exchange rate
will most likely:
With reference to Indian banking system,
which of the following comes under the
Priority sector lending?
1. Social Infrastructure
2. Agriculture
3. Micro, Small and Medium
Enterprises(MSMEs)
Select the correct answer using the code
given below.
With reference to Corporate Social
Responsibility (CSR), consider the following
statements:
1. CSR is a statutory liability for the
corporate entities in India.
2. CSR fund can be utilized by companies
only in India and not abroad.
3. Foreign companies are exempted from
CSR obligation.
Which of the statements given above is/are
correct?
With reference to the Participatory Note (PNote), consider the following statements:
1. It is issued by a SEBI registered Foreign
Institutional Investor in overseas market.
2. The investor in P-Note are the real
owners of the Indian securities in which
they invest.
Which of the statements given above is/are
correct?
With reference to the Hydrocarbon
Exploration and Licensing Policy (HELP),
consider the following statements:
1. It provides for a uniform licensing
system to cover all hydrocarbons.
2. It adopts fiscal system of Revenue
Sharing Contract.
Which of the statements given above is/are
correct?
With reference to the Special Drawing
Rights (SDR), consider the following
statements:
1. It was created by World Bank.
2. It is used as a reserve asset to
supplement to the existing reserves of
member countries.
3. Presently, it is valued in terms of gold.
Which of the statements given above is/are
correct?
With respect to economy, which of the
following correctly describes the
term skewflation?
Which of the following rates can be
increased to decrease inflation in the
economy?
1. Statutory Liquidity Ratio
2. Repo rate
3. Bank rates
Select the correct answer using the code
given below
With respect to the Indian economy, what
does ‘GDP’ of the country mean?
The problem of twin deficit is associated
with which of the following?
Arrange the following items of the
Wholesale Price Index (WPI) in the
decreasing order of their weights:
1. Primary Articles
2. Fuel and Power
3. Manufactured Products
Select the correct answer using the code
given below.
With respect to the Monetary Policy
Committee, consider the following
statements:
1. It is a statutory body.
2. It is headed by the RBI governor
3. It decides the RBI‟s benchmark interest
rates.
Which of the statements given above is/are
correct?
Which of the following are the components
of Capital Expenditure?
1. Expenditure on the acquisition of land.
2. Loans given by the central government
to state governments.
3. Interest payments on market loans.
Select the correct answer using the code
given below
Which among the following is/are the major
objectives of setting up of Special Economic
Zones?
1. To attract Foreign Direct Investment
2. To create employment opportunities
3. To boost export of goods and services
Select the correct answer using the code
given below
Which of the following statements regarding
Index of Industrial Promotion (IIP) is/are
correct?
1. It measures the short-term changes in the
volume of production of a basket of
industrial products during a given
period.
2. It is compiled and published monthly by
the Central Statistical Organization
(CSO).
3. It is calculated on the base year 2004-
2005.
Select the correct answer using the code
given below.
Which of the following statement correctly
describes ‘depreciation’ ?
With reference to Union Budget, which of
the following forms part of Revenue
Receipts?
1. Disinvestment of Public Sector
undertakings.
2. Income from sale of spectrum.
3. Grants-in-aid from foreign Governments
Select the correct answer using the code
given below.
Which of the following constitutes high
powered money?
1. Currency notes
2. Coins
3. Cheques
Select the correct answer from the code
given below.
Consider the following statements with
reference to Consumer Price Index (CPI):
1. It accounts for all goods and services
produced in an economy.
2. It includes prices of imported goods.
3. Weights in CPI differ according to
production level of each good .
Which of the statements given above is/are
correct?
A farmer has three acres of land and he
requires only three labors including himself
to carry out all farm operation in a year. If he
employs five more workers on the same
piece of land, then this would be a form of
With reference to economy, the term „base
effect‟ refers to:
Fiscal Responsibility and Budget
Management (FRBM) Act, 2003 aims at:
1. Reducing revenue deficit every year.
2. Eliminating fiscal deficit completely.
Select the correct answer using the code
given below
With reference to Indian economy, the
term jobless growth refers to
If we deduct interest payments from the
Fiscal deficit we arrive at the concept of
Consider the following statements with
regard to the Reserve Bank of India:
1. It is the lender of last resort for the
commercial banks.
2. It acts as a banker to both central and
state governments.
Which of the statements given above is/are
correct?
Which of the following are direct taxes in
India?
1. Income Tax
2. Corporation Tax
3. Service Tax
Select the correct answer using the code
given below.
Consider the following statements regarding
Marginal Standing Facility (MSF):
1. It is an overnight scheme of lending
funds to banks by the Central bank.
2. It is always fixed above the repo rate.
Which of the statements given above is/are
correct?
Consider the following differences
between core and headline inflation:
1. While core inflation excludes food and
fuel prices, headline inflation includes
them.
2. Core inflation is relatively more volatile
and fluctuating than headline inflation.
Which of the statements given above is/are
correct?
Consider the following statements regarding
inflation targeting:
1. It is a strategy used by the central
government to stabilize the economy.
2. The benchmark used for targeting
inflation in India is based on Consumer
Price Index.
Which of the statements given above is/are
correct?
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