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Set 5: Part 10: Economics MCQ for Prelims
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Set 5: Part 10: Economics MCQ for Prelims

Akshay Kadam is teaching live on Unacademy Plus

Akshay Kadam
With 5 yr UPSC coaching experience; I wl help u get conceptual clarity of topics & their Applied Understanding to score more.

U
Unacademy user
thanks so much sir for working very hard for us have a good day
  1. Economics Test Series For Prelims Master Economics with the help of Conceptual Objective unacademy Practice Questions, By Prof. Akshay D Kadam https://unacademy.com/user/AkshayDKadan


  2. Consider the following statements about The Asian Development Bank (ADB) has Index of Industrial Production (IIP) 1) Index of Industrial Production (IIP) is released by the Central Statistics Office 2022 to help fasten inclusive economic (CSO) of the Ministry of Statistics and Programme Implementation with base year status. The ADB's programme in India will focus of 2011-12 2) The Eight Core Industries comprise around 50 per cent of the weight of items more and well-paid jobs. included in the Index of Industrial Production (IP) Which of the above statements is/are correct? a) 1 only b) 2 only c) Both 1 and 2 d) Neither 1 nor 2 decided to increase its annual lending to India to maximum of $4 billion between 2018 and transformation towards upper middle income on which of the following parameters? 1) Boost economic competitiveness to create 2) Improve access to infrastructure and services. 3) Address climate change and improving climate resilience. 4) Increasing farm productivity Options - a) 1 and 2 Only b) 3 and 4 Only c) 1 2 and 3 Only d) All the above


  3. Consider the following statements about Asian Consider the following statements about Development Bank - 1) ADB is a regional development bank which 1) Universal Basic Income is a form of social aims to promote social and economic development headquartered in Tokyo Japan. it's called universal. 2) Japan is largest shareholder (capital subscription) of ADB having 15.7% shares | requirement to work or to demonstrate followed by China (15.6%). 3) India is largest borrower country from ADB 3) It is means to demolish complex welfare followed by Indonesia and China. Which of the above statements are correct? transfer obligations without weakening work Options a) 1 and 2 Only b) 2 and 3 Only c) 1 2 and 3 Only d) None the above Universal Basic Income. security paid to every Household; that's why 2) It is unconditional and paid without a willingness-to-work bureaucracies while meeting some social incentives significantly Which of the above statements are correct? a) 1 2 3 b) 1, 3 c) 1 2 d) 2 3


  4. Consider the following statements about State Bank of India (SBI) along with FTSE Masala Bonds 1) Masala bonds are bonds issued outside India but denominated in Indian Exchange (LSE). Bond Index aims to- Rupees 2) Currently, masala bonds are reckoned investors in international markets to analyse both under combined corporate debt limit India's government bond market (CCDL) for FPl (Foreign Portfolio Investments) and external commercial investors in international markets to analyse borrowings (ECBs) Which of the above statements are correct? a) Only 1 b) Only 2 c) Both are correct d) None of the above Russell, global index and data provider launched FTSE SBI Bond Index series at London Stock 1) transparent and reliable benchmark for 2) transparent and reliable benchmark for India's Corporate bond market. Which of the above statements are correct? a) Only 1 b) Only 2 c) Both are correct d) None of the above https://unacademy.com/userlAkshayDKadam


  5. GST council is headed by which of the Consider the following statements about following dignitory? a) Prime Minister of India b) Finance Minister of India c) Chief Economic Adviser to the Government of India d) CM of state elected by GST council Which of the above statements are members from among themselves. Standing Deposit Facility' 1) It is new monetary instrument by RBI to suck out liquidity from market. 2) It does not require provision of collateral for liquidity absorption. correct - a) Only 1 b) Only 2 c) Both 1 and 2 are True d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  6. Consider the following statements about |Which of the following have been CRR and 'Standing Deposit Facility declared by RBl as Domestically 1) For CRR, RBI requires to issue collaterals in the form of government1) ICICI bank ltd securities; for which RBl pays no interest. 2)RBl will have to pay interest to banks 4) Bank of Baroda for money absorbed by RBl under Standing deposit facility Which of the above statements are correct a) Only 1 b) Only 2 c) Both 1 and 2 are True d) Neither 1 nor 2 correct Systematically important banks? 2) SBl 3) HDFC bank ltd Options- a) 1 and 2 only b) 1 and 3 Only c) 2 and 3 Only d)1 2 and 3 Only https://unacademy.com/user/AkshayDKadam


  7. Which of the following organisation has developed a Composite Water Management Index as a useful tool to 1) Gross Command Area is area which is fit for assess and further improve the performance in cultivating crops; and can be physically efficient management of water resources? a) NITI Aayog b) Ministry of Water Resources | c) Ministry of Drinking Water and Sanitationuncultivable area. d) Ministry of Environment & Forests (MoEF) Options Consider the following statements about Gross Command Area and Cultural command area irrigated by canal irrigation scheme. 2) Cultural command area is a area that includes both cultivable area as well as Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/user/AkshayDKadam


  8. The buying and selling of shares throughWhich of the following are debt stock exchanges is part of which of the instruments? following market? a) Follow on public offer b) Primary Market c) Secondary Market d) Buyback Offer 1) Bonds 2) Treasury Bills 3) Debenture 4) Shares Options - a) 1 2 and 3 only b) 1 2 and 4 Only c) 2 3 and 4 Only d) 1 2 3 and 4 Only https://unacademy.com/userlAkshayDKadam


  9. Which of the following is a Consider the following statements of comparison about Hybrid Instrument that is Preference Share holders and Equity share holders - combination of loan and 1) Preference shares represent partial ownership in a ownership instrument? company, although preferred stock shareholders do not a) Non Convertible debentures b) Bond Holders c) Preference Share holders d) Equity Share holders Options enjoy any of the voting rights like Equity share holders. 2) Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before Equity share holders Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  10. Consider the following statements Consider the following statements about Small Finance Banks - about NBFC's and Banks 1) NBFC cannot accept demand 1) The small finance banks are subjected to all prudential and term deposits like banks. 2) NBFC do not form part of the commercial banks including requirement of maintenance norms and regulations of RBI as applicable to existing payment and settlement system; of Cash Reserve Ratio (CRR) and Statutory Liquidity and are not covered by deposit insurance Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct Ratio (SLR). 2) The small finance banks will be required to extend 75 |per cent of its Adjusted Net Bank Credit (ANBC) to the 8 sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank. Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  11. Consider the following statements Consider the following statements about Cess about Payments banks 1) The payments bank cannot undertake lending activities. 2) Payments bank are not allowed to states. issue ATM/debit cards and credit 2) Both Surcharge and Cess goes to cards. Which of the above statements are only for the specific purposes. incorrect? a) 1 Only b2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct and Surcharge? 1) A common feature of both surcharge and cess is that the centre need not share it with Consolidated Fund of India but can be spend Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  12. Aadhaar is a 12-digit unique identity number |The Union Finance Ministry has issued to all Indian residents based on their launched second exchange-traded biometric and demographic data. The data is fund (ETF), named Bharat 22. What is collected by the Unique Identification Authority of India (UIDAI), a statutory authority established iby the government of a) It is aimed at speeding up India, under which of the following ministry/Organisations? a) Ministry of Home affairs. b) Ministry of Electronics and Information reviving sick PSU's. Technology c) Unique Identification Authority of India sector banks. (UIDAI) is an autonomous independent statutory authority; and does not function investments in Indian infrastructure under any ministry or organisation. d) Finance Ministry the objective behind launching Bharat 22? governments disinvestment programme b) It is aimed at raising funds for c) It is aimed at capitalising public d) It is aimed at increasing foreign fund. ttps:/lunacademy.com/user/AkshayDKadam


  13. Which of the following statements about |Which of the following statements convertibility in Indian economy? 1) India has full convertibility of rupee on economy? trade/Visible/Merchandise account. 1) India has No convertibility on 2) India has full convertibility of rupee on capital account. services/Invisibles account. Which of the above statements are correct? a) Only 1 b) Only 2 c) Both 1 and 2 are correct d) Neither 1 nor 2 correct about convertibility in Indian 2) India has floating exchange rate. Which of the above statements are correct? a) Only 1 b) Only 2 c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  14. Consider the following statements about BASEL III Norms regulatory capital 1) Capital adequacy ratio is the ration of amount of banks Capital(tier I +tier II) to the 1) Capital adequacy ratio under total loans/advances made by the bank. 2) Tier 1 capital predominantly consists of | 8%. common equity that is amount that all common shareholders have invested in the | 7% while Tier 2 capital requirement is company. Which of the above statements are correct? Which of the above statements are a) Only 1 by,Only 2 c) Both 1 and 2 are correct d) Neither 1 nor 2 correct Consider the following statements about BASEL III Norms regulatory capital requirement in India- BASAL IIl norms to be maintained is 2) Tier I capital requirement in India is 2% correct? a) Only 1 o) oh 2 and 2 are corect c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  15. Consider the following statements about BASEL Ill The global financial stability Norms regulatory capital 1) The objective behind maintaining Capital conservation buffer is to increase capital requirements in good times and decrease theb) IMF same in bad times. 2) The objective behind maintaining Counter cyclical buffer is to maintain cushion of capital that can be used to absorb losses during periods of financial and economic stress. Which of the above statements are correct? report was released by which of the following organisation? a) World Economic Forum c) World Bank d) UNDP a) Only1 b) Only 2 c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  16. The Indo Pacific Freedom corridor project, that aims to create infrastructure and connectivity project is joint initiative of which of the following countries? a) India and Japan b) India and USA c) India and ASEAN d) India and Australia https://unacademy.com/user/AkshayDKadam