UPSC Prelims Mock Test 6 – GS Paper 1

UPSC Prelims Mock Test 6 – GS Paper 1

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1.In which of the fields Artificial Intelligence can be made use of?
1.Marketing
2.Subsidy release and beneficiary identification
3.Space exploration
4.Agriculture
5.Citizen relationship
Select the correct answer using the codes given below:
(a)1, 3 and 5
(b)2, 3 and 5
(c) 1, 2, 3 and 5
(d) All the above

2. Which of the following is/are the components of the Balance of Payment?
1.Exports
2.Foreign Direct Investment
3.External Commercial Borrowings
4.External Assistance
Select the correct answer using the codes given below:
(a)1 and 2
(b)1, 3 and 4
(c)1,2 and 4
(d)All the above

3.With reference to India economy, among the following, which all monetary policies can reduce inflation?
1.Increasing the cash reserve ratio
2.Selling of bonds in the open market operations
3.Increasing taxes.
4.Restrictions on exports and imports.
Choose the correct statement from below:
(a)1 only
(b)2, 3 and 4
(c)1 and 2
(d)1, 3 and 4

4. Consider the following statements regarding Gross Domestic Product calculation in India:
1.Only final products are considered while calculating GDP
2.It is tied to a specific territory – a country’s border irrespective of the person producing it.
3.In India, GDP is calculated at market prices
Which of the above statements is/are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1,2 and 3

5. Which of the following can lead to rupee depreciation?
1. The high-interest rate in Indian banks.
2. FPI Inflows.
3. Increasing the current account deficit
Select the correct answer using the code given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 3 only
(d) 1, 2 and 3.

6. Which of the following relationship is represented by the Philips curve?
(a) Inflation and unemployment
(b) GDP and growth
(c) Taxation and revenue receipts Inflation and growth

7. Considerthe following pairs:

Regions	Country
1. Diffa	South Africa
2. Oromia	Ethiopia

3. Khartoum

Egypt

Select the correct answer using the code given below:
(a)1 only
(b)2 only
(c)3 only
(d)None of the above

8.Consider the following statements:
1.Free trade among nations will increase world output and income.
2.Less developed countries do not share equally in the gains from trade.
Which of the above statements is/are true?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

9. If the demand for a good is inelastic,
(a) The burden of tax on buyers would be higher than that on sellers
(b) The burden of tax on buyers would be lower than that on sellers
(c) The burden of tax on buyers would be equal to that on sellers
(d) None of the above

10. Which of the following is/are components Product of the Gross Domestic
1.Consumption
2.Government Expenditure
3.Net factor income from abroad Choose the correct answer from the options given below

11. Which of the following is not a consequence of rupee depreciation?
1.Increase in the cost of imports
2.Foreign trips will become costlier
3.Exports will become competitive
4.Reduction in remittances from abroad
Choose the correct answer from the options given below
(a)1 and 3 only
(b)1,2 and 4 only
(c)1 and 4 only
(d)4 only

12.Consider the following statements:
1.Confederation of Indian Industries is a non-profit, non- governmental organisation which plays a proactive role in India’s development process.
2.Union Minister of Commerce and Industry is the President of the CII.
Which of the above statements is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

13. Which of the following can be attributed as tools for Value Capture Financing?
1.Land Value Tax
2.Transfer of development rights
3.Tax increment financing
4.Land pooling system
5.Betterment Levy
Select the correct answer using the codes given below:
(a) 1, 3, 4 and 5
(b) 1, 2, 4 and 5
(c)1, 4 and 5
(d)All the above

14.With reference to the ‘PARIVESH Portal’, consider the following statements:
1.It is a web-based application developed for online submission and monitoring proposals for seeking Environment Clearances from Centre and State.
2.It is developed by the Ministry of Electronics and Information Technology.
Which of the statements is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 and 2

15. Which of the following statements is not correct?
(a) CPI includes prices of goods consumed by the representative consumer, hence it includes prices of imported goods.
(b) Real GDP is calculated in a way such that the goods and services are evaluated at constant prices.
(c) The ratio of Real GDP to Nominal GDP is known as GDP Deflator
(d) Consumer Price Index (CPI) is the index of prices of a given basket of commodities which are bought by the representative consumer.

16. Which of the following factors are responsible for demand-pull inflation?
1.Increase in Per capita income
2.Deficit financing
3.Infrastructural deficiencies Select the code from the following:
(a)1 and 2
(b) 2 and 3
(c) 1 and 3
(d) All of the above

17.Which of the following goals are suggested by the National Commission on Farmers (NCF) for ensuring sustainable agriculture and food security?
1.Improve the economic viability of farming by ensuring that farmers earn a “minimum net income.
2.Replace plantation crops with pulses coverage to reduce the water consumption in the central regions of India
3.Mainstream the human and gender dimension in all farm policies and programmes and give explicit attention to sustainable rural livelihoods
4.Complete the unfinished agenda in land reforms and to initiate comprehensive asset and aquarian reforms
Select the correct answer using the codes given below:
(a)1, 3 and 4
(b)1, 2 and 3
(c)2, 3 and 4
(d)All the above

18.Which of the following are the conditions of Stagflation?
1.High inflation in the market
2.High economic growth
3.High unemployment in the economy
Select the code from the following:
(a)1 and 2
(b)2 and 3
(c)1 and 3
(d)All of the above

19.Consider the following statements regarding national income
1.National income is a net national product at factor cost.
2.National disposable income is the sum of net national product at market prices and other current transfers from the rest of the world.
Choose the correct statements using the codes given below
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

20.Recently a new online portal named “ENSURE” was launched in relation to:
(a) Pre-primary education
(b) Skill Development of women.
(c) Livestock development
(d) Border Security

21. What does an increase in Bank rate mean for the public?
(a) Central Bank is no longer making loans to commercial banks
(b) Central Bank is following an easy money policy
(c) Central Bank is following a tight money policy
(d) The market rate of interest is likely to fall

22. Which of the following statements can be attributed as the features of Inland Water Transport in India?
1. High fuel cost and high energy consumption
2. Requires very little land acquisition as compared to Road and Rail modes.
3. It can provide optimal modal mix by integrating river transport with other modes thereby reducing total logistics cost.
Select the correct answer using the codes given below
(a)1 and 2
(b)2 and 3
(c)1 and 3
(d)1, 2 and 3

23.Which of the following statements is/are true regarding the sectors of the economy in India?
1.Workers in the tertiary sector do not produce tangible goods.
2.In India, employment in the service sector has increased to the same extent as production.
3.The activities in primary, secondary and tertiary sectors are always independent.
Which of the above statements is/are true?
(a) 1 and 2
(b) 2 and 3
(c) 1 only
(d) 1, 2 and 3

24.Arrange the following according to the increasing order of their value
1.GNP at market price
2.NNP at market price
3.Personal Income
4.NNP at factor cost
Choose the correct answer using the following codes
(a) 3-2-1-4
(b) 3-2-4-1
(c) 3-4-2-1
(d) 3-1-4-2

25.An unsecured and short-term debt instrument issued by a corporation for meeting short term liabilities are commonly known as:
(a)External Commercial Borrowing
(b)Commercial Paper
(c)Participatory Notes
(d)Mutual Funds

26.Which of the following are correctly matched?
1.Lorenz Curve – Income distribution
2.J Curve – Taxation
3.Laffer Curve – Devaluation Select the correct answer:
(a)1 only
(b)1 and 2 only
(c)1 and 3 only
(d)All of the above

27.Consider the following statements:
1.Frictional unemployment occurs when the economy is in recession and no jobs are available.
2.Invisible trade is a trade of the services like the banks, consulting and shipping companies.
Which of the above statements is/are true?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

28.A liquidity trap is a situation when
(a) all potential investors expect the rate of interest to rise in future
(b) all potential investors expect the rate of interest to fall in future
(c) The natural rate of interest is above the critical rate of interest
(d) demand for money for speculative purpose is interest inelastic

29.Consider the following statements
1.Economic growth is a qualitative concept whereas economic development is a quantitative concept
2.Economic growth is a more relevant metric for progress in developed countries whereas economic development is more relevant to measure progress and quality of life in developing nations
Choose the correct statements using the code given below:
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

30.Consider the following statements
1.World Economic Forum releases Global Energy Transition Index
2.India is ranked first among the BRICS block of countries
Which among the following is/are incorrect?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

31.Consider the following statements regarding Green GDP
1.Green GDP is a term used for expressing GDP after adjusting for environmental degradations.
2.While explicitly green GDP is not measured in India, environmental accounting has been done in India from the last 2 decades.
Choose the correct statements
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

32.The Orchha town, which was in the news recently, is associated with which of the following?
(a)It is a place located in Maharashtra, declared as a wildlife sanctuary
(b)It is a newly excavated archaeological site of later Harappan period.
(c)It is a place in Madhya Pradesh which is listed as a tentative world heritage site by UNESCO.
(d)It is a place in Gujarat where the largest solar park of India has been set up.

33.Consider the below statements in regard to WPI and IIP:
1.WPI is published by the Ministry of Commerce and Industries, prepared monthly and is touching the price data at the wholesale level.
2.The IIP is about industrial production and is published on a monthly basis by the CSO.
Which of the statements given above is correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

34.What can be the benefits of the successful implementation of GST Composition Scheme?
1.Ease in GST compliance procedures for small scale manufacturers and traders
2.Ease in carrying out inter-state transactions for the manufacturers.
3.Limited tax liability for the goods in comparison with the normal GST rates.
Select the correct answer using the code given below:
(a)1 and 2 only
(b)2 and 3 only
(c)1 and 3 only
(d)1,2 and 3

35. Consider the following statements regarding Industrial production
1.Index of Industrial Production (IIP) predicts the level of industrial production in advance.
2.Purchasing Managers Index predicts industrial production by tracking parameters like new order flows, stocks of items purchased etc
Choose the correct statements using the code below:
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

36. The difference between a bank and a Non-Banking Financial Institution (NBFI) is that,
(a) a bank interacts directly with customers while an NBFI interacts with banks and governments.
(b) a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is mainly concerned with the term loan needs of large enterprises
(c) a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies.
(d) a bank’s main interest is to help in business transactions and savings/ investment activities while an NBFI’s main interest is in the stabilisation of the currency

37.Under the Bretton Woods system, the long term development assistance was to be provided by
1.The International Bank for Reconstruction and Development (IBRD)
2.The International Development Association (IDA)
3.International Monetary Fund (IMF)
Select the correct answer using the codes given below:
(a)1 only
(b)1 and 2
(c)2 only
(d)1, 2 and 3

38 .Which of the following statement(s) is/are not true regarding the difference between the Balance of Payments and Balance of Trade?
1.’Balance of Payments’ represents a country’s economic transactions with the rest of the world and the ‘Balance of Trade’ represents total internal trade.
2.Balance of Trade accounts the visible items only whereas
Choose the correct answer from the codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

40.Which of the following manages FOREX and Gold reserves of India?
(a)SEBI
(b)All Nationalised Banks
(c)RBI
(d)Finance ministry

39. Idai, Savannah, Fani , Pabuk has recently seen in the news represents:
(a) Tropical cyclones in Indian Ocean
(b) Dried up rivers in African Continent
(c) Grasslands in Tropics
(d) Local Winds in Sahel Region
40.Which of the following manages FOREX and Gold reserves of India?
(a) SEBI
(b) All Nationalised Banks (c) RBI
(d) Finance ministry
41. Consider the following statements about ‘fiscal capacity’.
1. It’s simply the government’s ability to generate revenues.
2. Tax to GDP ratio is often taken as a proxy for the fiscal capacity of a government.
Which of the statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

42. Which of the following statements is not correct regarding Gender Inequality Index
(a) The GII is built on the same framework as the Inequality adjusted HDI (IHDI)
(b) The GII is an equality index which provides the level of equality achieved by women
(c) It measures gender inequalities in three important aspects of human development— reproductive health,empowerment and economic status
(d) Higher the GII value, the more disparities between females and males and the more loss to human development.

43.With reference to the United Nations Assistance Mission in Afghanistan, consider the following statements:
1.It aims to support the people and government of Afghanistan in achieving peace and stability.
2.It was established by the United Nations Economic and Social Council.
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

44.Which of the following can be considered as a part of inclusive development?
1.Skill development
2.Poverty reduction
3.Environment protection
Choose the correct answer using the codes given below
(a)1 and 2 only
(b)2 and 3 only
(c)1 and 3 only
(d)1,2 and 3

45.Which of the following is/are the measure that an economy can take to reduce ‘revenue deficit’ without creating liabilities?
1.Domestic borrowing
2.Reduce the subsidies
3.Increase in direct taxes
4.Borrowing from foreign countries
Select the correct answer using the codes given below:
(a)2 and 3 only
(b)1 and 2 only
(c)2 and 4 only
(d)1, 2 and 3 only

46.With reference to IFC Masala Bonds, sometimes seen in the news, which of the statements given below is/are correct?
1.The International Finance Corporation, which offers these bonds, is an arm of the World Bank Group.
2.They are the rupee-denominated bonds and are a source of debt financing for the public and private sector.
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

47.Which among the following is not a Union tax?
(a)Stamp duties
(b)Corporation tax
(c)Taxes on agricultural income
(d)Taxes on railway freight and fare

48.Who among the following is responsible for specifying the wage rates for the purpose of the scheme MGNREGA?
(a)Central Government
(b)State Government
(c)Gram Sabha
(d)Both a and b

49.Consider the following statements about Capital Gains Tax:
1.A capital gains tax is a tax on the profit obtained on the sale of capital assets.
2.Capital assets are those that generate income like property, precious metals, stocks and bonds.
Which of the above given statements is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

50.Which of the following is/are targeted under the National Clean Air Programme?
1.Particulate Matter2.5
2.Carbon monoxide
3.Sulphur dioxide
4.Carbon dioxide
5.Particulate Matter10
Select the correct answer using the code given below:
(a)1,2 and 3 only
(b)2,3 and 4 only
(c)1,2,3 and 4 only
(d)1 and 5 only

51.Consider the following statements:
1.Full Capital Account Convertibility allows anyone to freely move from local currency into foreign currency and vice versa.
2.Full Current account convertibility is allowed in India but not allowed for capital account.
3.Capital account convertibility brings stability in the economy.
Which of the statements given above is / are correct?
(a)2 only
(b)1 and 2 only
(c)3 only
(d)1, 2 and 3

52.Insight lander, seen recently in news is:
(a) ISRO’s lunar lander as part of Chandrayaan-2
(b) Mission launched by NASA to detect the gravitational waves
(c) Robotic lander of NASA to study Mars
(d) Lander launched as part of lunar exploration of China

53.Which among the following categories come under the priority sector lending framework ?
1.Self Help Group
2.Small and marginal farmers.
3.Persons with disabilities
4.Export credit
5.Social infrastructure
Select the correct answer from the code given below :
(a)1,2 and 5
(b)1,2 and 3
(c) 1,2,3 and 4
(d) 1,2,3,4 and 5

54. Consider the following statements
1.Wealth tax is collected from productive as well as unproductive assets
2.Wealth tax is a part of GST now Choose the correct statements
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

55. Consider the statements regarding Aspirational Districts Programme (ADP):
1.It is being implemented throughout India and in all districts.
2.The Aspirational Districts Programme, through real-time monitoring and proactive course corrections, reinforces the mechanisms of cooperative & competitive federalism between the Centre and the States, down to the Districts.
Which of the above statements is/are true?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

56.Consider the following statements :
1.Inflation in the economy may lead to crowding out in the economy.
2.Inflation leads to an increase in the interest rate in the economy.
Select the correct answer from the code given below:
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

57.Consider the following statements:
1.India’s share in agricultural exports in the global trade accounts for 5% for the year 2019.
2.The major export destination of India in terms of value with regard to the agricultural exports is China.
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

58.The difference between revenue deficit and grants for creation of capital assets is known as
(a)Capital deficit
(b)Effective revenue deficit
(c)Effective capital deficit
(d)Primary deficit

59. S-400 missile system seen in news is developed by which of the following countries?
(a)Russia
(b)United States of America
(c)Israel
(d)India

60.High powered money includes
1.Currency in circulation
2.Other Deposits with the RBI
3.Cash Reserves of the banks held with themselves
4.Cash Reserves of the Banks held with RBI
Choose the correct answer from the following codes below:
(a)2, 3 and 4 only
(b)1 and 4 only
(c)3 and 4 only
(d)All the above

61. Global Economic Prospects is a report published by:
(a) World Economic Forum
(b) United Nations Conference on Trade and Development
(c) World Bank
(d) International Monetary Fund

62.Consider the following statements.
1.Participatory Notes are offshore derivative instruments
2.Participatory notes are issued by brokers and FIIs registered with SEBI.
3.They are used outside India for making investments in shares listed in the Indian stock market.
Which of the above statements are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d)All of the above

63.Consider the following statements regarding General budget in India
1.Budget estimates are based on the previous two year’s estimates
2.The demand for grants is a statement of estimated expenditures to be made out of the public accounts of India
Choose the correct statements from the above given
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

64.The M2 concept of money supply includes which of the following?
1.Time Deposits with the banks.
2.Savings deposits with the post office savings banks.
3.Demand deposits with the public in the commercial and cooperative banks.
4.Other deposits held by the public with Reserve Bank of India.
Select the correct answer using the codes given below:
(a)1, 3 and 4 only
(b)2, 3 and 4 only
(c)1, 2 and 3 only
(d)All the above

65.Consider the following pairs:

International Body	Objective
1. WTO	Multi-lateral trade negotiation body
2. IDA	Provides loans to address short- term  balance of payment problems

3. IMF

Sanction ofsoft loans

Which of the above pairs are correctly matched?
(a)1 only
(b)1 and 3
(c)2 and 3
(d)All the above

66. The term Inverted duty structure has been frequently seen in news. It means :
(a)It is a situation where export duty is higher than import duty
(b)It is a situation where export subsidy is higher than import duty
(c)It is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production of such finished goods.
(d)None of the above

67. Considering the following statements
1. All expenditures incurred by the government including repayment of debt and loans are given to state/UT governments is spent out of the Consolidated fund of India
2. All public money received other than those included in Consolidated fund of India are held in Public Accounts of India
Choose the correct statements using the codes given below
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

68. Extinction Rebellion abbreviated as XR was in seen in news. It is:
(a)Global NGO that helps in preparing IUCN Red List
(b)Climate change protest started in United Kingdom
(c)The organisation founded by Greta Thunberg
(d)A coalition of countries against USA’s withdrawal from Paris Agreement

69.In terms of value in US dollars, the share in world exports is lowest for which one among the following?
(a)Malaysia
(b)Mexico
(c)India
(d)China

70.Bacterias does/do affect:
1.Plants
2.Food
3.Water
Select the correct answer using the code given below:
(a)1 and 2 only
(b)2 and 3 only
(c)1 and 3 only
(d)1,2 and 3

71. Which among the following is/are considered as the liabilities of the Reserve Bank of India ?
1. Contingency Fund
2.Asset Development Fund
3.Currency and Gold Revaluation Account
4.Investment Revaluation Account
5.Foreign Exchange Forward Contracts Valuation Account
Select the correct answer using the code given below :
(a) 1,3,4 and 5
(b) 1,2,3 and 5
(c) 3,4 and 5
(d) 1,2,3,4 and 5

72. Which of the following is not a ‘debt capital receipt’?
(a) Small Saving Scheme
(b) Recovery of loans
(c) Securities issued to nationalised banks
(d) World Bank loans

73. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?
1.Promotion of free trade and resource flows across countries.
2.Protection of intellectual property rights.
3.Managing a balanced trade between different countries.
4.Promotion of trade between the former East Block countries and the western world.
Select the correct answer by using the codes given below :
(a)1 and 3
(b)1 and 2
(c)1, 2 and 3
(d)All the above

74.Consider the following pairs: 

Handicrafts	States
1. Kutch Embroider y	Gujarat
2. Tikuli	Manipur
3. Zari- Zardosi	Uttar Pradesh

Which of the above pairs are correctly matched?
(a)1 only
(b)1 and 3
(c)1 and 2
(d)All the above

75.Rythu Sadhikara Samstha, an organisation established to implement zero budget natural farming is established by:
(a)Andhra Pradesh
(b)Madhya Pradesh
(c)Karnataka
(d)Sikkim

76.Consider the following statements regarding expenditure
1.Capital expenditure is a one-way payment and the money spent on it cannot be recovered
2.Revenue expenditures are two- way payments and money spent can be recovered through periodical income or by the disposal of assets created
Which of the above-given statements are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

77. Consider the following statements:
1.Orangutans are naturally found in India.
2.One-horned rhinoceros are naturally found in India only.
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

78. Which of the following statements is not correct?
(a)Budget deficit is the difference between total expenditure and total receipts and is always zero
(b) Revenue deficit is the difference between revenue expenditure and revenue receipts
(c) Primary deficit is the difference between total expenditure and total receipts except borrowing and other liabilities
(d) Fiscal deficit can be obtained by adding interest payments to primary deficit

79. Participatory Guarantee System, seen often in the news indicate:
(a) System to monitor the abnormal increase in the share price of an item in capital market.
(b) Quality assurance systems to certify products within the organic sector.
(c) Accreditation programme for certification of healthcare organizations.
(i) Independent third-party audit to review the functioning of Central Sector Schemes.

80. Which of the following statement correctly describes the term ‘Liquidity Coverage Ratio’ (LCR), often seen in the news?
(a)It is a measure of the reserves that commercial banks hold other than gold assets.
(b)It is a measure of the reserves that banks need to hold in the form of Cash.
(c)It is a measure of highly liquid assets which can easily be converted into cash that banks are required to hold.
(d)None of the above.

81.Consider the statements regarding the Agriculture sector of India:
1.Indian agriculture sector suffers from disguised unemployment.
2.Indian agriculture sector has the highest productivity in the world
Which of the above statements is/are true?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

82.The type of budget where budgeting is done based on the anticipated and intended outcomes is known as
(a)Outcome budget
(b)Zero-based budget
(c)Performance and program budgeting
(d)None of the above

83.Which of the following is likely to be most inflationary in its impact?
(a)Repayment of public debt
(b)Borrowings from the public to finance a budget deficit
(c)Borrowings from banks to finance a budget deficit
(d)Lowering the REPO rate.

84.Consider the following statements:
1.National Annual Rural Sanitation Survey is commissioned by the Ministry of Drinking Water and Sanitation.
2.The survey report indicates that all of the states in India is Open Defecation Free.
Which of the above statements is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

85. The curve which explains the relationship between tax and tax revenue is
(a)Philiphs curve
(b)Lorenz curve
(c)Engel curve
(d)Laffer curve

86.With reference to biopesticides, consider the following statements:
1.They are naturally occurring pesticides which are less toxic in comparison with conventional pesticides.
2.Plants can generate biopesticides on its own if suitable genes are added into the plant genes.
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

87. Consider the following statements:
1. Core Banking Solutions (CBS) can be defined as a solution that enables banks to offer a multitude of customer-centric services on a 24×7 basis from a single location, supporting retail as well as corporate banking activities.
2.Regional rural banks and urban cooperative banks have also adopted the CBS.
3.E-Kuber is the Core Banking Solution of Reserve Bank of India.
Select the correct answer using the code given below:
(a)1 only
(b)1 and 3
(c)1 and 2
(d)1,2 and 3

88.The term “data localisation” often seen in the news can be most appropriately related to:
(a)Use of indigenous electronic equipments and phasing out the foreign devices.
(b)Restricting the usage of e commerce sites which have no permanent residence in source country.
(c)Storage of data on any device physically present in the borders of the country.
(d)Switching the storage of data to cloud storage for enhanced storage capacity and efficient data retrieval.

89.Selling of goods in a foreign country at a price lower than the price of home country is known as
(a)Price dumping
(b)Cost dumping
(c)Predatory dumping
(d)Anti dumping

90.Which of the following is/are the components of the Human Development Index?
1.Mean years of education among the adult population.
2.Expected years of schooling for children.
3.Life expectancy at birth.
4.Gross national income (GNI) per capita.
Select the correct answer using the codes given below:
(a)1, 2 and 3
(b)1, 2 and 4
(c)2, 3 and 4
(d)All the above

91.Consider the following statements
1. Surcharge is a tax additionally levied as a percentage of existing tax amount for a specific purpose.
2.Cess is a tax additionally levied as a percent of existing tax amount but without any specific purpose
Choose the statements which are not correct using the codes given below
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

92.Which of the following is a capital receipt in the Government budget ?
(a)Interest receipts on loans given by the Government to other parties.
(b)Dividend and profit of public enterprises.
(c)Borrowings of the government from the public.
(d)Property tax receipts.

93.Candida auris has been in news recently. It refers to
(a)A multidrug resistant fungus
(b)Recently discovered star in Milky Way
(c)New frog species found in Himalayas
(d)New drug to treat TB

94.Consider the following statements regarding Goods and services tax (GST)
1.GST will be collected at the point of sale and not point of origin
2.GST follow one indirect tax for the whole nation which is aimed at making one unified common market
Choose the correct statements from the above given
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

95.CRISPR-Cas9 technology often seen in news is:
1.Used to alter the human embryonic genes.
2.Helpful in the treatment of cancer immunotherapy.
3.Used for directed gene silencing. Select the correct answer using the code given below:
(a)1 only
(b)2 and 3 only
(c)3 only
(d)1,2 and 3

96.Consider the following statements regarding the FRBM Act, 2003
1.It was enacted with the purpose of correcting the fiscal imbalances like high revenue and fiscal deficit.
2.Mid-term fiscal policy statement is one of the three statements brought in by the FRBM act to ensure greater transparency in fiscal operations.
Choose the correct statements using the codes given below
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

97.With reference to the Mekong river, consider the following statements:
1.It flows through the state of Arunachal Pradesh in India and travels towards South East Asia.
2.The Mekong delta is commonly affected by the impacts of tropical cyclones.
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

98.Consider the following statements regarding the Marginal Standing Facility (MSF).
1.MSF is on the line of the existing LAF and is part of it.
2.MSF is a costlier route than Repo.
3.MSF functions as a last resort for banks to borrow short term funds.
4.MSF is linked to the net demand and time liabilities of the Banks.
Which of the above statements is/are true?
(a)2, 3 and 4
(b)2 and 3
(c)1, 3 and 4
(d)All the above

99.One of the reasons for India’s occupational structure remaining more or less the same over the years has been that,
(a)investment pattern has been directed towards capital-intensive industries
(b)productivity in agriculture has been high enough to induce people to stay with agriculture
(c)ceilings on land holdings have enabled more people to own land and hence their preference to stay with agriculture
(d)people are largely unaware of the significance of transition from agriculture to industry for economic development

100.Consider the following statements regarding GST Council
1.The GST Council is a key decision making body that will take all important decisions regarding the GST
2.The Union Finance Minister will be the chairperson with all state finance ministers being the members to the council
3.States and Centre share equal weightage in voting and decisions need 3/4th majority to be passed
Choose the correct statements using the codes given below
(a)1 and 2 only
(b)2 and 3 only
(c)1 and 3 only
(d)1,2 and 3

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