Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
Download
29th January 2018 Daily MCQs on Indian Economy
4,178 plays

More
10 MCQs

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.

Unacademy user
pls make this course in hindi also
why was Montek Ahluwalia committee formed?
okkk ...now Perfectt????
waiting for your polity mcqs
  1. Daily 10 MCQs for Indian Economy for UPSC CSE 2018 By Jatin Verma 29th 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: jatinverma7 Telegram: jatinverma05 171 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 Conclusiorn 1-3 Very low chance of selection 4-5 more 6-7 Going good, almost there 8 or more Very high chance of selection


  4. Q1: With reference to Indian economy, consider the following: 1) Bank rate 2) Open market operations 3) Public debt 4) Public revenue Which of the above statements is/are part of monetary policy? A) 1 only B) 2, 3 and 4only C) 1 and 2 only D) 1, 3 and 4 only 2


  5. Solution: C Explanation . Public debt and Public revenue are matters falling under Fiscal policy. The Ministry of Finance handles these subjects. . Bank rate and OMOs fall within the jurisdiction of RBl' s monetary policy 2


  6. Q2: Consider the following committees/taskforces 1) Y K Alagh Committee 2) Lakdawala Committee 3) Tendulkar Committee 4) Rangarajan Committee 5) Montek Ahluwalia Committee Which of the above are associated with proverty line definition? A) 1, 3 and 4 only. B) 1, 2, 3 and 4 only. C) 1, 3, 4 and 5 only. D) 1, 2, 3, 4 and 5. 2


  7. Solution: B Explanation: . Except Monetek Ahluwalia all others have headed committees associated with proverty line definition. 2


  8. Q3: Consider the following statements regarding WPl and CPI 1) WPl and CPI has both goods and services in their basket 2) The revised WPl series, prices are inclusive of indirect taxes Which of the statements given above is/are not correct? A) 1 only. B) 2 only. C) Both D) None 2


  9. Solution: C (Both) Explanation WPI does not have services in its basket, CPI has both goods and services. In the new series of WPI, prices used for compilation do not include indirect taxes in order to remove impact of fiscal policy. This is in consonance with international practices and will make the new WPI conceptually closer to 'Producer Price Index' 2


  10. Q4: Consider the following statements regarding Priority Sector Lending Certificates (PSLCs) 1) As per RBI guidelines, There would be 4 kinds of PSLCs 2) A bank is permitted to issue PSLCs up to 50% of the previous year' s PSL achievement without having the underlying loans in its books. Which of the statements given above is/are correct? A) 1 only. B) 2 only. C) Both D) None 2


  11. Solution: C (Both) Explanation . There would be 4 kinds of PSLCs: PSLC Agriculture: Counting for achievement towards the total agriculture lending target. PSLC SF/MF: Counting for achievement towards the sub-target for lending to Small and Marginal Farmers. PSLC Micro Enterprises: Counting for achievement towards the sub target for lending to Micro Enterprises PSLC General: Counting for achievement towards the overall priority sector target. 2 All Scheduled Commercial Banks (including Regional Rural Banks), Urban Co- operative Banks, Small Finance Banks and Local Area Banks are eligible to participate in PLSC trading. As per RBI guidelines, a bank is permitted to issue PSLCs up to 50% of the previous year s PSL achievement without having the underlying loans in its books.


  12. Q5: Agricultural Marketing & Farm Friendly Reforms Index is released by A) NITIAYOG B) Ministry of Agriculture and Fawrmers Welfare C) NABARD D) Indian Council of Agricultural Research 2


  13. Q6: Consider the following statements with reference to Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 1) It is applicable to Non-Banking Financial Companies. 2) 2016 amendment brings hire purchase and financial lease under the (SARFAESI) Actt ambit of the Sarfaesi Act Which of the statements given above is/are correct? A) 1 only. B) 2 only. C) Both D) None. 2


  14. Solution: D Explanation GDP at factor cost GDP at market prices Indirect taxes + Subsidies 2


  15. Solution: C Explanation GNP GDP + Factor income earned by the domestic factors of production employed in the rest of the world Factor income earned by the factors of production of the rest of the world employed in the domestic economy 2


  16. Q9: Extended Fund Facility is associated with: A) IMF B) International Bank for Reconstruction and Development. C) WTO D) International Development Association 2


  17. Solution: A Explanation The EFF was established to provide assistance to countries: (i) experiencing serious payments imbalances because of structural impediments; or (ii) characterized by slow growth and an inherently weak balance of payments position The EFF provides assistance in support of comprehensive programs that include policies of the scope and character required to correct structural imbalances over an extended period. 2


  18. Q10: Consider the following statements regarding Trade Infrastructure for Export Scheme (TIES): 1) It aims to enhance export competitiveness by bridging gaps in export infrastructure, create focused export infrastructure. 2) The scheme is in addition to centrally sponsored scheme - Assistance to States for creating Infrastructure for the Development and growth of Exports (ASIDE). Which of the statements given above is/are correct? A) 1 only. B) 2 only. C) Both D) None. 2