1. Consider the following:
- Magnetic Strip Card
- Chip Card
Which among the above work on the basis of EMV Technology?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: B [Only 2]
Notes:
EMV refers to Europay, MasterCard, Visa Standard and is a technology for integrated operation by Chip Cards.
2. What is the impact on the “Social overhead capital requirements” of an economy, if the population increases?
[A] Social overhead capital requirements fall
[B] Social overhead capital requirements remain unchanged
[C] Social overhead capital requirements increase
[D] Social overhead capital requirements fall drastically
Show Answer
Correct Answer: C [Social overhead capital requirements increase]
3. Consider the following:
- Discount Rate
- Government Spending
- Reserve Requirements
- Open Market Operations
Which among the above are considered to be major instruments of monetary policy for regulating the economy ?
[A] 1, 2, 3 & 4
[B] 1, 2, 3
[C] 1,3, 4
[D] 1,2, 4
Show Answer
Correct Answer: C [1,3, 4]
4. Consider the following:
- Road and Railways
- Schools
- Sanitary Facilities
- Hospitals
Which among the above are considered to be the Economic Overheads?
[A] Only 1
[B] 1 & 2
[C] 1, 2 & 3
[D] 1, 2 , 3 & 4
Show Answer
Correct Answer: A [Only 1]
5. Many a times, we read in the newspapers about a term “contra funds”. Which among the following is a correct statement about the contra funds?
[A] Contra funds are likely to perform well in the long run, but not in the short term
[B] Contra funds are likely to perform well in the short run, but not in the long term
[C] Contra funds are come with a guaranteed return and issued as a contract
[D] Contra funds are those funds in which ONLY corporate investors are allowed to invest
Show Answer
Correct Answer: A [Contra funds are likely to perform well in the long run, but not in the short term]
6. Which among the following regulates the opening of bank accounts overseas by Indian residents and for outward or inward remission of funds through authorized channels?
[A] Ministry of External Affairs
[B] Ministry of Finance
[C] Ministry of Overseas Indians
[D] RBI
Show Answer
7. The General Anti Avoidance and Thin Capitalization Rules to combat illicit transfer of money and assets abroad through complex financial arrangements and instruments, have been incorporated as a part of which among the following?
[A] Foreign Exchange Management Act, 1999 (FEMA)
[B] Prevention of Money Laundering Act, 2002 (PMLA)
[C] Direct Taxes Code Bill
[D] Income tax Act 1961
Show Answer
Correct Answer: C [Direct Taxes Code Bill]
8. Central Institute of Indian Languages is located at?
[A] Bangalore
[B] Mysore
[C] Bhopal
[D] Lucknow
Show Answer
Correct Answer: B [Mysore]
9. National Rural Livelihood Mission aims to ensure that at least one member from each identified rural poor household, preferably a woman, is brought under the which among the following networks / schemes / facilities in a time bound manner?
[A] MGNREGA
[B] Self Help Groups
[C] Financial Inclusion
[D] Food Security
Show Answer
Correct Answer: B [Self Help Groups]
10. Consider the following:
- National Initiative on Climate Resilient Agriculture
- National Mission of Sustainable Agriculture
Which among the above come under the Prime Minister’s National Plan on Climate Change?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: B [Only 2]
Notes:
The National Initiative on Climate Resilient Agriculture has been launched by ICAR.
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