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20th January 2018: Daily MCQs for Indian Economy
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Indian Economy related questions

Jatin Verma is teaching live on Unacademy Plus

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

U
Unacademy user
I think you should stop advertising regarding your courses in each and every lessons. You are already a top educator in unacademy and every aspirant know about you. I suggest you to directly start with questions. It saves time.
Renuka Tyagi
2 years ago
He is repeats for following him in every lesson because every day new students watch his course and they r unware of his other courses, so it's for them, you can skip those slides and can move directly to main slides :) on a lighter note
Rajat Sharma
2 years ago
why shouldn't he
Preeti Rawat
2 years ago
I agree with Chetan Naik, Jatin Sir please consider it.
Amit Kumar
2 years ago
shi kahaa ms renuka,bt sometime time shortening occur in jatin sir video,so he can give brief info.about himself in less than 30 sec.
Aayush Shukla
2 years ago
he can add a full slide about his unacademy plus course because he his advertising in every course
Ayman Hussain
2 years ago
ya u can skip that part plz raise any valid issue :) be positive stop find lacuna.. jazbati nai hona
Madhu Learner
2 years ago
if that is the case u can skip that aad. like me
Dilshad Anjum
2 years ago
getting it free, still people have a problem. It must be binding from Unacedemy to do that. Don't judge someone without knowing him
Dilshad Anjum
2 years ago
getting it free, still people have a problem. It must be binding from Unacedemy to do that. Don't judge someone without knowing him
Dilshad Anjum
2 years ago
getting it free, still people have a problem. It must be binding from Unacedemy to do that. Don't judge someone without knowing him
Dilshad Anjum
2 years ago
getting it free, still people have a problem. It must be binding from Unacedemy to do that. Don't judge someone without knowing him
Renuka Tyagi
2 years ago
yes skip the slides if you don't want to listen them like me and good things take time :)
Dilshad Anjum
2 years ago
@_@
Amit Kumar
2 years ago
Bhai koi jazbati nhi hoja ......
Chetan Naik
2 years ago
Guys be practical and don't take it personally, I'm not an enemy of jatin ji. His courses are very informative and valuable. But introduction for 2 min in each and every lessons is unnecessary. Lenghty intro and discussion is taking toll on his health, you can see jatin ji coughing in the middle of his lectures. He can give elaborated intro about his other courses when a new course is created by him, but in subsequent lessons a very brief intro of 30 sec is required. It's just a feedback from my side. Thank you.
Dilshad Anjum
2 years ago
It must be binding from Unacedemy. what he can do ? I am following him since he upload this 1st video in study IQ. It must be his duty to do that. anyway chuck the tooic because it getting bigger and bigger. thank you
Aayush Shukla
2 years ago
ye emotions ????????????
sir plz continue this mcq till prelims at least..vl help us In self assessment n better understanding
sir question 3 is totally correct here u r saying which option is correct but in the question u have written not correct so u r making reading error. Great variety of questions.
Sir I asked u already plzz answer me. Senkaku island in east China sea or South China sea 'coz Roman sir in daily mcq told that they are in east China sea
SG PRABU
2 years ago
East China only, because Japan has a controversial link with that island, if it is in south China sea, then there's no play of japan in that island
Romil Agarwal
2 years ago
East China bro
Sunita Kumari
2 years ago
obviously east. China sea
east china sea you must watch map ok
Sir, for Q.3, the question says which one is NOT correct, but you said the answer is B. According to the question A should be the answer as the first statement is NOT correct.
Chaitanya kaskar
2 years ago
Both statements are incorrect. So answer is option C
  1. Daily 10 MCQs for Indian Economy for UPSC CSE 2018 By Jatin Verma 20th January, 2018 . Highlights: Emphasis on Concept-building Useful for revising Indian economy part of DN Coverage of Economy related Current Affairs


  2. Explore a Search Courses, Topics & Educators Jatin Verma VERIFIED Follow My Idea is not to simply read out the Lines, my Idea is to read between the Lines!!! Hope you get it before it's too late :) 761,690 This month views 8,426,384 Lifetime Views Facebook: jatinverma0 509 47 Courses 210.2k Followers 6 Following Wish you all a Very Happy New Year UNACADEMY PLUS Approach the New Year with resolve to find the opportunities hidden in each new day By Jatin Verma By Jatin Verma Upcoming Indian Economy for UPSC CSE (Hindi) January 2018: The Hindu- Daily News Analysis By Jatin... January 2018: The Hindu Daily News and Editorial Analysis By... Last date to apply is 27th January, 2018 48 Lessons 42 Lessons View Details 2,310 ratings 244 reviews 977 ratings81 revlews


  3. INSTRUCTIONS Watch the lessons on 'The Hindu Daily News Analysis and Editorial Analysis' video before or after attempting the question. As soon as the question appears, pause the video, answer the question and resume it. .100% of the time, without fail, calculate your score and write it in the comments section (Compete Correct Conclusion 1-3 Very low chance of selection Can do better, need to grind more 4-5 6-7 Going good, almost there 8 or more Very high chance of selection


  4. unacademy About course course curriculum FAQs Upcoming Indian Economy For UPSC CSE By Jatin Verma In this course, Jatin Verma will cover all the important aspects of Indian Economy and related Current Affairs relevant to the UPSC Civil Services Exam, other Exams conducted by UPSC and the State PSC exams. This course will also be relevant for Economy section of SSC, Banking and other Govt exams Starts on 27th Jan, 2018 43 SESSIONS Live sessions of 1 hour duration each which will comprehensively cover Upcoming Indian Economy LIFETIME ACCESS Get access to recordings of all the live sessions, downloadable notes, study material and other learning APPLY FOR COURSE


  5. Q1: If RBl reduces the CRR requirements, which of the following are most likely to happen? 1) Inflation could rise because of increased money supply 2) Interest rates will increase because of decrease in the money supply. 3) Interest rates on consumer loans may come down Which of the above statements is/are correct? A) 1 and 2 only B) 2 and 3 only C) 1 and 3 only D) All of the above 2


  6. Solution: C (1 and 3) Explanation . Cash Reserve Ratio is a Quantitative tool used by RBI to impact the money supply in the economy. If RBl cuts the CRR, it means that the banks will have to maintain lesser amount as Cash reserve. Now the additional money can be lend out as loans, thus increasing the money supply in the economy. . As this result in more money in hands of people, this could lead to inflation. . Increased money supply could reduce the loan demand, hence banks will have to reduce interest rates on loan 2


  7. Q2: Consider the following statements regarding Monetary Policy Committee (MPC) of the RBI 1) It has total 6 members 2) The members appointed to the committee by central government will have a tenure of 4 years. 3) The members appointed to the committee by central government are eligible for re-appointment. Which of the statements given above is/are correct? A) 1 and 2 only. B) 2 and 3 only. C) 1 and 3 only. D) 1, 2 and 3 2


  8. Solution: A (1 and 2 only) Explanation: . MPC has 6 members . 3 from the RBI - RBI governor, the deputy governor in charge of monetary policy and one official nominated by the central bank. 3 appointed by central government through an external selection committee. . This search committee will be headed by cabinet secretary and comprise of the Secretary (Department of Economic Affairs), the RBl governor and three experts in the field of economics or banking as nominated by the central government. 2 . The government appointed member will have tenure of 4 years, not eligible for re-appointment.


  9. Q3: Consider the following statements regarding National Infrastructure Investment Fund (NIIF) 1) NIIF will invest only in greenfield infrastructure projects 2) NIIF has a totoal corpus of Rs 20,000 crore Which of the statements given above is/are not correct? A) 1 only. B) 2 only. C) Both D) None 2


  10. Solution: C (Both) Explanation It is a Rs 40,000 crore fund. Rs 20,000 crore from Govt, rest from investors. NIIF will invest in greenfield and brownfield projects. NIF will have a dual role of equity capital infusion in projects as well as getting the due diligence done for investment in infrastructure projects and have investors available for them. 2


  11. Q4: Consider the following statements regarding Clean Energy Cess 1) It is an example of Pigouvian Tax 2) t is currently subsumed by GST Which of the statements given above is/are correct? A) 1 only. B) 2 only C) Both D) None 2


  12. Solution: C (Both) Explanation: . Pigouvian Tax is a tax on any market activity that generates negative . The Clean Energy Cess, introduced in 2010, is a carbon tax on the externalities production and importation of coal, lignite and peat, operating on the "polluter pays" principle. . The coal cess or Clean Energy Cess thus had the dual objective of 2 penalising production and import of coal and its variants to encourage a shift towards renewable sources of energy while garnering funds to support research and innovation in clean energy alternatives . It is now subsumed by GST.


  13. Solution: A Explanation: CACP recommends the fair and remunerative prices based on inter- crop price parity, inflation considerations, fair return to farmers and a host of other factors. It is the cabinet Committee on Economic affairs that finally approves it 2


  14. Q7: The Pradhan mantri Jan Dhan Yojna is managed by which Department in Finance ministry: A) Department of Economic Affairs B) Department of Expenditure C) Department of Revenue D) Department of Financial Services 2


  15. Q8: Consider the following products/services 1) Cheque Truncation System 2) Aadhaar Enabled Payment System (AEPS) 3) National Finance Switch 4) RuPay payment gateway Which of the above is/are developed by National Payment Corp of India (NPCI)? A) 1, 2 and 4 only. B) 2, 3 and 4 only. C) 1, 2 and 3 only. D) 1, 2, 3 and 4 2


  16. Solution: D Explanation Cheque Truncation System (CTS) Aadhaar Enabled Payment System (AEPS) National Finance Switch Unified Payments Interface RuPay BHIM App Immediate Payment Service 2 The above are products/services developed by NPCI


  17. Q9: Consider the following: 1) Currency with the public 2) Demand deposits with banks 3) Time deposits with banks Which of these are included in Broad Money (M3) in India? A) 1 and 2 B) 2 and 3. C) 1 and 3 only. D) 1, 2 and 3. 2


  18. Solution: D Explanation MO-Reserve Money= Currency in circulation + Bankers' deposits with RBI M1 = Currency (notes plus coins) held by the public + DD is net demand deposits held by commercial banks. M2 = M1 + Savings deposits with Post Office savings banks M3 = M1 + Net time deposits of commercial banks M4 = M3 + Total deposits with Post Office savings organisations (excluding National Savings Certificates)