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Set 5: Part 12: Economics MCQ for Prelims
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Set 5: Part 12: Economics MCQ for Prelims

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
  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 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


  3. Consider the following statements National Payments Corporation of India is the about Monetary Policy Committee umbrella organisation for all retail payment 1) MPC is a statutory body 2) MPC is completely autonomous statements about NPCI body and Central government has no 1) Unified Payments Interface was developed role to play in its composition andby NPO functioning Which of the above statements are RuPay is developed by NPCl. incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct systems in India. Consider the following 2) Domestic card payment network called 3) BharatQR - A common QR code built for ease of payments is developed by NPCI. 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 https://unacademy.com/userlAkshayDKadam


  4. 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


  5. T K Viswanathan committee on The LDB project was unveiled in July fair market conduct is set up by 2016 to make India's logistics sector which of the following bodies? more efficient through the use of a) Competition commission of Information Technology; was launched India b) IRDA c) SEBI d) RBl by which of the following ministry? a) The Union Ministry of Shipping b) Ministry of Road Transport and Highways c) Ministry of Railways d) Ministry of Civil Aviation https://unacademy.com/user/AkshayDKadam


  6. Which of the following falls under Which of the following steps are Export and Import of Services under taken in case o BOP Current Account of India? 1) Money spent on travel by Tourists. 1) Monetary expansion. 2) Tuition paid to Universities by 2) Devaluation of currency. International Students. 3) Banking Insurance and consulting 4) Depreciation of currency. services in Foreign Land. 4) Interest received on international a) 1 and 2 investments. Options - a) 1 2 and 3 b) 1 2 and4 c) 2 3 and 4 d) 1 3 and 4 disequilibrium/Deficit? 3) Monetary contraction. Options b) 1 and 4 c) 3 and d) 3 and 2 https://unacademy.com/userlAkshayDKadam


  7. 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


  8. 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


  9. 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


  10. 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