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Along with the Budget, the Finance Minister also places other documents before the Parliament which include 'The Macro Economic Framework Statement'. The aforesaid document is presented because this is mandated by:
UPSC 2020
Article 112 and Article 110 (1) of the Constitution of India
Article 113 of the Constitution of India
Provisions of the Fiscal Responsibility and Budget
Management Act, 2003
Long standing parliamentary convention
Which of the following statements given is incorrect?
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The weightage of food in Consumer Price Index(CPI) is higher than that in Wholesale Price Index (WPI).
The WPI does not capture changes in the prices of services, which CPI does.
Reserve Bank of India has now adopted WPI as its key measure of Inflation and to decide on changing the key policy rates.
None of the above
If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India?
1. Not depending on short-term foreign borrowings.
2. Opening up to more foreign banks.
3. Maintaining full capital account convertibility.
Select the correct answer using the code given below:
UPSC 2020
1 only
1 and 2 only
3 only
1, 2 and 3
Gold Tranche (Reserve Tranche) refers to:
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a loan system of the World Bank
one of the operations of a Central Bank
credit system granted by IMF to its members
a credit system granted by WTO to its members
With reference to Trade-Related Investment Measures (TRIMs), which of the following statements is/are correct?
1. Quantitative restrictions on imports by foreign investors are prohibited.
2. They apply to investment measures related to trade in both goods and services.
3. They are not concerned with the regulation of foreign investment.
Select the correct answer using the code given below :
UPSC 2020
1 and 2 only
2 only
1 and 3 only
1, 2 and 3
In which one of the following groups are all the four countries members of G20?
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Argentina, Mexico, South Africa and Turkey
Australia, Canada, Malaysia and New Zealand
Brazil, Iran, Saudi Arabia and Vietnam
Indonesia, Japan, Singapore and South Korea
In India, which of the following can be considered as public investment in agriculture?
1. Fixing Minimum Support Price for agriculture produce of all crops
2. Computerization of Primary Agriculture Credit Societies
3. Social Capital development
4. Free electricity supply of farmers
5. Waiver of agriculture loans by the banking system
6. Setting up of cold storage facilities by the governments
Select the correct answer using the code given below:
UPSC 2020
1, 2 and 5 only
1, 3, 4 and 5 only
2, 3 and 6 only
1, 2, 3, 4, 5 and 6
With reference to the funds under Members of Parliament Local Area Development Scheme (MPLADS), which of the following statements are correct?
1. MPLADS funds must be used to create durable assets like physical infrastructure for health, education, etc.
2. A specified portion of each MP’s fund must benefit SC/ST populations.
3. MPLADS funds are sanctioned on a yearly basis and the unused funds cannot be carried forward to the next year.
4. The district authority must inspect at least 10% of all works under implementation every year.
Select the correct answer using the code given below:
UPSC 2020
1 and 2 only
3 and 4 only
1, 2 and 3 only
1, 2 and 4 only
In India, which of the following can be considered as public investment in agriculture?
1. Fixing Minimum Support Price for agricultural produce of all crops
2. Computerization of Primary Agricultural Credit Societies
3. Social Capital development
4. Free electricity supply to farmers
5. Waiver of agricultural loans by the banking system
6. Setting up of cold storage facilities by the governments
Select the correct answer using the code given below :
UPSC 2020
1, 2 and 5 only
1, 3, 4 and 5 only
2, 3 and 6 only
1, 2, 3, 4, 5 and 6
Under the Kisan credit card scheme, short-term credit support is given to farmers for which of the following purposes?
1. Working capital for maintenance of farm assets
2. Purchase of combine harvesters, tractors and mini trucks
3. Consumption requirements of farm households
4. Post-harvest expenses
5. Construction of family house and setting up of village cold storage facility
Select the correct answer using the code given below :
UPSC 2020
1, 2 and 5 only
1, 3 and 4 only
2, 3, 4 and 5 only
1, 2, 3, 4 and 5
Consider the following statements:
1. In the case of all cereals, pulses and oilseeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.
2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.
Which of the statements given above is/are correct?
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Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
With reference to Foreign Direct Investment in India, which one of the following is considered its major characteristic?
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It is the investment through capital instruments essentially in a listed company.
It is a largely non-debt creating capital flow.
It is the investment which involves debt-servicing.
It is the investment made by foreign institutional investors in the Government securities.
The term ‘West Texas Intermediate’, sometimes found in news, refers to a grade of
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Crude oil
Bullion
Rare earth elements
Uranium
In the context of the Indian economy, non-financial debt includes which of the following?
1. Housing loans owed by households
2. Amounts outstanding on credit cards
3. Treasury bills
Select the correct answer using the code given below:
UPSC 2020
1 only
1 and 2 only
3 only
1, 2 and 3
If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do?
1. Cut and optimize the Statutory Liquidity Ratio
2. Increase the Marginal Standing Facility Rate
3. Cut the Bank Rate and Repo Rate
Select the correct answer using the code given below:
UPSC 2020
1 and 2 only
2 only
1 and 3 only
1, 2 and 3
With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:
1. Worker productivity (Rs. per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.
2. The percentage share of rural areas in the workforce steadily increased.
3. In rural areas, the growth in non-farm economy increased.
4. The growth rate in rural employment decreased.
Which of the statements given above is/are Correct?
UPSC 2020
1 and 2 only
3 and 4 only
3 only
1, 2 and 4 only
Consider the following statements:
1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.
2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.
Which of the statements given above is/are correct?
UPSC 2020
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
If you withdraw ₹1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be