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Q.1) With reference to the calculation of Gross Domestic Product (GDP), consider the following:

1. Commission of a real estate agent in the sale of a property

2. Sale of a used car

3. Components such as tyres sold for car manufacture

Which of the following are not included in its calculation?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 2 and 3

Solution (b)

Q.2) With reference to National Cooperative Development Corporation (NCDC), consider the following statements:

1. It is the statutory organisation under Ministry of Agriculture & Farmers Welfare.

2. It strengthens and promotes programmes across sectors relating to agriculture and allied fields

3. Recently it launched Yuva Sahakar – Cooperative Enterprise Support and Innovation

Scheme

Which of the statements given above are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1,2 and 3

Solution (d)

Q.3) With reference to the Ease of Doing Business (EoDB) rankings, consider the following statements:

1. It is published by the World Bank

2. The Doing Business report ranks countries on the basis of distance to frontier (DTF), a score that shows the gap of an economy to the global average.

3. India’s rank has been constantly improving since 2014.

Which of the given statements is/are correct?

a) 1 only

b) 1 and 3 only

c) 1, 2 and 3

d) 3 only

Solution (b)

Q.4) With reference to the first Human Capital Index released recently, consider the following Statements:

1. It has been released by World Economic Forum

2. It conveys the productivity of the next generation of workers compared to a benchmark of complete education and full health.

3. Singapore topped the list.

Which of the given statements is/are correct?

a) 1 only

b) 1 and 2 only

c) 2 and 3 only

d) 2 only

Solution (c)

Q.5) With reference to the Credit Rating agencies in India, consider the following statements:

1. They are registered and regulated by SEBI

2. They function on “Issuer pays” model rather than “Subscriber pays’ model

3. According to the new norms, ratings agencies are required to disclose liquidity position, source and rationale of additional funds of a company.

Which of the given statements is/are correct?

a) 1 and 2 only

b) 1 only

c) 2 and 3 only

d) 1, 2 and 3

Solution (d)

Q.6) With reference to the External Commercial Borrowings (ECBs), consider the following statements:

1. The cost of ECBs is higher than the domestic borrowings.

2. It widens the investor base of a company

3. The government can direct inflows into specific sectors by allowing higher ECBs in them, thus promoting development

Which of the given statements is/are advantages of ECBs?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 2 and 3

Solution (b)

Q.7 which of the following schemes is not related to MSMEs?

a) SHAKTI

b) Samadhaan

c) Sambandh

d) SFURTI

Solution (a)

MSME Delayed Payment Portal – MSME Samadhaan

Public Procurement Portal for MSEs – MSME Sambandh

Scheme of Fund for Regeneration of Traditional Industries (SFURTI) – related to Infrastructure of MSMEs

SHAKTI (Scheme for harnessing & allocating Koyla transparently in India) – step to tackle stress in the power sector and not related to MSME.

Q.8) Baba Kalyani committee recently submitted its report on?

a) Review of powers of CBI

b) Impact of Climate change on Indian rivers

c) SEZ policy

d) Review of Bilateral Trade Agreements

Solution (c)

Q.9 Inclusive Wealth Report 2018 is published by?

a) World Bank

b) World Economic Forum

c) UN Environment Programme

d) UN Development Programme

Solution (c)

10. With reference to the Integrated Disease Surveillance Programme (IDSP), consider the following statements:

1. It comes under the National Health Mission.

2. The scheme seeks to set up a Central Disease Surveillance Unit and a State Surveillance

Unit in each State where data is collected and analyzed.

3. It is assisted by World Bank.

Which of the given statements is/are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 2 and 3

Solution (d)

Integrated Disease Surveillance Programme (IDSP)

• IDSP is a disease surveillance scheme under National Health Mission, under the Ministry of Health and Family Welfare in India, assisted by the World Bank.

11. With reference to the Intensified Mission Indradhanush, consider the following Statements:

1. It has been launched by the Government of India to reach each and every child under two years of age.

2. It is a special drive that will focus on all the districts of the country

3. It targets to immunize all children against seven vaccine preventable diseases

Which of the given statements is/are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 2 and 3

Solution (c)

Q.12) Recently, PAiSA portal was launched by which of the following Union Ministries?

a) Ministry of Railways

b) Ministry of Agriculture and Farmers Welfare

c) Ministry of Housing

d) Ministry of Rural Development

Solution (c)

Q.13) With reference to the Demographic Dividend, consider the following statements:

1. A country with a high population between 15-64 years is considered to have a high demographic dividend.

2. Focus on providing skill development and education will help in effective utilisation of demographic dividend.

Which of the statements is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Solution (c)

Q.14) Universal Basic Income has been in news for a while. Consider the following statements with reference to it:

1. It is unconditional and universal to all the citizens of the country

2. UBI would require subsumption of other subsidies and allowances in order to free up resources so that a particular amount can be directed to people on a periodic basis.

Which of the given statements is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Solution (c)

Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens.

Q.15) With reference to the definition of poverty in India, which of the following statements is correct?

a) According to C Rangarajan committee, poverty line should be Rs 32 in rural areas and Rs 47 in urban areas.

b) The poverty estimates of Rangarajan committee were lower than that of Tendulkar committee.

c) The poverty line suggested by World Bank is lower than that of Tendulkar committee.

d) None of the above

Solution (a)

Q.16) which of the following statements is not correct?

a) Poverty Gap is the difference between the mean income among the poor and the poverty line

b) Headcount ration shows the percentage of population whose per capita incomes are below the poverty line

c) Multidimensional poverty Index consists of 10 indicators

d) None of the above

Solution (d)

Q.17) which of the following committees is not related to poverty estimation in India?

a) YK Alagh

b) NC Saxena committee

c) Pronab Sen committee

d) None of the above

Solution (c)

Pranab Sen Committee for Slums was constituted by Ministry of Housing and Poverty Alleviation in 2010.

18. Which of the following is/are a correct difference between SECC 2011 and Census 2011?

1) Census is conducted by Census Commissioner in Home Ministry while SECC 2011 was by Ministry of Rural Development.

2) Census has a statutory backing while SECC 2011 doesn’t.

Select the correct option from below:

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Solution (c)

Q.19) which of the following are steps taken by the Government for the eradication of poverty?

1. Progressive taxation

2. Decentralisation through Panchayati Raj and Nagarpalikas

3. Saubhagya scheme

Which of the following is/are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 2 and 3

Solution (d)

Q.20) With reference to The National Food Security Act 2013, consider the following statements:

1. The Act provides for coverage of up to 75% of the rural population and up to 50% of the urban population

2. Under the Act, the eligible persons will be entitled to receive 5 kgs of food grains per person per month at subsidized prices of Rs. 3/2/1 per Kg for rice/wheat/coarse grains.

3. To ensure the food security of poorest of poor, the existing Antyodaya Anna Yojana

(AAY) households will continue to receive 35 Kgs of foodgrain per household per month

4. Pregnant women and lactating mothers are also covered under the scheme.

Which of the given statements is/are correct?

a) 1, 2 and 3 only

b) 2, 3 and 4 only

c) 1, 3 and 4 only

d) 1, 2, 3 and 4

Solution (d)

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