Indian Economy Previous Year Questions (PYQ) with Answers – Page 5

Which of the following statements is/are correct? 1. Most of India's reserves is held in the form of foreign currency. 2. There is no cost of holding foreign currency as reserves by a nation. Select the correct answer using the code given below.

Which of the following statements is/are correct?

1. A price index captures the change in the average price of a constant basket of commodities.

2. If the price index takes values 100, 110 and 121 in three consecutive years respectively, then the inflation rates in the 2nd and 3rd years are 10% and 21% respectively.

Select the correct answer using the code given below.

Which of the following statements is/are correct?

1. GDP deflator captures the average price of an unchanging basket of commodities that constitutes the GDP of the country.

2. GDP deflator can be used to measure the real GDP of the economy but not the inflation rate.

Select the correct answer using the code given below.

With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements : 1. The entry age group for enrolment in the scheme is 21 to 40 years. 2. Age specific contribution shall be made by the beneficiary. 3. Each subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years. 4. Family pension is applicable to the spouse and unmarried daughters. Which of the statements given above is/are correct ?

With reference to the 'Pradhan Mantri Surakshit Matritva Abhiyan', consider the following statements : 1. This scheme guarantees a minimum package of antenatal care services to women in their second and third trimesters of pregnancy and six months post-delivery health care service in any government health facility. 2. Under this scheme, private sector health care providers of certain specialities can volunteer to provide services at nearby government health facilities. Which of the statements given above is/are correct ?

With reference to the Digital India Land Records Modernisation Programme, consider the following statements: 1. To implement the scheme, the Central Government provides 100% funding. 2. Under the Scheme, Cadastral Maps are digitised. 3. An initiative has been undertaken to transliterate the Records of Rights from local language to any of the languages recognized by the Constitution of India. Which of the statements given above are correct ?

Consider the following statements : Statement-I : India does not import apples from the United States of America. Statement-II : In India, the law prohibits the import of Genetically Modified food without the approval of the competent authority. Which one of the following is correct in respect of the above statements?

Which of the following two organizations are parts of TIWB (Tax Inspectors Without Borders)?

Which of the following is a part of the capital receipt of the Government of India ? 1. Disinvestment receipts 2. Interest receipts 3. Small savings 4. Net market borrowing Select the answer using the code given below:

Retail core inflation is calculated excluding which of the following ? 1. Food and beverages 2. Fuel and light 3. Transport and communication 4. Clothing and Education Select the answer using the code given below:

Financial Action Task Force is :

What were the main reforms undertaken under the New Economic Policy of the early 1990s ? 1. Trade liberalization 2. Public Sector Disinvestment 3. Poverty Alleviation 4. Rapid industrialization Select the answer using the code given below :

Population of the year 2011 was first introduced in the tax devolution formula for sharing Union tax revenue with the States by

Consider the following statements regarding Public Goods and Externalities : 1. Non-rivalry and non-excludability are two characteristics of Public Goods 2. Market can provide the optimal amount of a good in the presence of externalities Which of the statements given above is/are correct ?

Consider the following statements regarding instruments of Monetary Policy: 1. The Central Bank can increase the money supply by increasing the bank rate 2. The Central Bank can increase the money supply by purchasing securities from the public 3. The Central Bank can decrease the money supply by increasing the cash reserve ratio Which of the statements given above is/are correct?

What is the percentage weightage assigned to Forest and Ecology in the devolution formula given by the Fifteenth Finance Commission of India for sharing of Union tax revenue with the States?

In recent years, which one among the following is the source of demand in the Indian economy in descending order?

Consider the following statements:

1. Burden of a tax on a commodity is independent of who (buyer or seller) it is explicitly imposed upon

2. Burden of a tax on a commodity depends on the slope of the demand and supply curves

Which of the statements given above is/are correct?

Consider the following statements regarding instruments of monetary policy :

1. Standing deposit facility (SDF) rate was introduced in April 2022.

2. SDF rate replaced fixed reverse repo rate as the floor of the LAF corridor.

Which of the statements given above is/are correct?

With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements : 1. CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities. 2. CSR rules do not specify minimum spending on CSR activities. Which of the statements given above is/are correct ?