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 GST council has decided a four tier structure of taxation to cover most goods and services. Which of the following is a correct group of these four tiers?
[A] 5%, 10%, 15% and 20%
[B] 5%, 12%, 18% and 22%
[C] 5%, 12%, 18% and 28%
[D] 5%, 13%, 18% and 32%

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3. Which of the following is main objective of Aadhaar Pay?
[A] To enable peer-to-peer money transaction
[B] To enable merchants to receive digital payments using Aadhaar
[C] To integrate UPI with Aadhaar
[D] To link Jan-Dhan Accounts with Aadhaar number

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4. Currently, Aadhaar is NOT being used in India for which of the following purposes?
[A] Identification of beneficiaries under pension schemes and Jan-dhan Programme
[B] Taxation
[C] Identification of MGNREGA beneficiaries
[D] Identification of mid-day meal programme at schools

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5. The term discovered small field (DSF), which was recently making news is related to which of the following ?
[A] Petroleum Sector
[B] Nuclear Minerals
[C] Quantum Science
[D] None of them

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6. Which of the following is the main objective of Insolvency Professional Entity?
[A] To implement bankruptcy law under The Insolvency and Bankruptcy Code, 2016
[B] To facilitate speedy recoveries of high value loan defaults
[C] To identify the insolvent individuals
[D] All of above

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7. Shankar-6 or Sankar-6 is a variety of which of the following commodities?
[A] Mustard
[B] Cotton
[C] Groundnut
[D] Soyabean

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8. What is the current Fund transaction limit under Unified Payments Interface (UPI)?
[A] Rs. 50,000
[B] Rs. 100,000
[C] Rs. 200,000
[D] Rs. 20,000

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9. Approximately what fraction of India’s total edible oil demand is met through imports?
[A] 20%
[B] 30%
[C] 50%
[D] 60%

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10. Who is the current chairman of Bank Board Bureau?
[A] Vinod Rai
[B] N. Gopalaswami
[C] Wajahat Habibullah
[D] Bhanu Pratap Sharma

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