Indian Economy

1.

Which of the following is not a correct statement with respect to Masala Bonds? 

[A] They allow Indian companies to raise overseas debts in Indian currency
[B] Interest Payment on Masala Bonds is in Indian Rupee
[C] Most popular market for Masala Bonds is New York currently
[D] All of the above are correct statements

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2.

The share of direct taxes in India’s tax kitty peaked in 2009-10 at 60% and thereafter, it has consistently fallen. Which of the following is the most appropriate reason for the same? 

[A] There was a substantial reduction in direct tax rates in the country
[B] The consumption pattern and economic growth were affected by economic recession
[C] The share of indirect taxes increased substantially
[D] None of the above is an appropriate reason

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3.

The Government of India has decided to allow commercial mining by private companies recently. In which year, coal mining was nationalized in India for the first time? 

[A] 1971
[B] 1968
[C] 1952
[D] 1965

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4.

Which of the following organisations assist a country with the adjustment process under its Extended Fund Facility?

[A] Asian Development Bank
[B] World Bank Group
[C] International Monetary Fund (IMF)
[D] New Development Bank (NDB)

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5.

Which of the following is not a traditional Rabi crop in India?

[A] Chick pea
[B] Mustard
[C] Pigeon Pea
[D] Wheat

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6.

Which of the following is/are Money Market Instruments?

[A] Treasury Bills
[B] Commercial Papers
[C] Certificate of Deposits
[D] All of the above

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7.

Bank Rate is defined as the rate at which:

[A] RBI lends short term loans to commercial banks
[B] a commercial bank can lend to its customers
[C] RBI lends long term loans to commercial banks
[D] the commercial banks are able to borrow overnight funds from RBI

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8.

 Consider the following statements about Mixed Economy system:

  1. It combines the features of both capitalist and socialist market
  2. India is an excellent example of mixed economy system

Which of the above statements is/are correct?

[A] 1 Only
[B] 2 Only
[C] Both 1 & 2
[D] Neither 1 nor 2

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9.

Consider the following statements about the Commission for Agricultural Costs & Prices (CACP):

  1. It is mandated to recommend minimum support prices (MSPs)
  2. Union Agriculture Minister is the ex-officio chairperson of the commission

Which of the above statements is/are correct?

[A] 1 Only
[B] 2 Only
[C] Both 1& 2
[D] Neither 1 nor 2

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10.

India is the biggest producer, as well as the largest consumer and importer of which of the following crops?

[A] Wheat
[B] Cotton
[C] Sugarcane
[D] Pulses

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