GS TEST SERIES – 08
1. With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:
1. AIIB is a multilateral development bank with a capital size of $100 billion.
2. India is the second-largest shareholder in AIIB.
3. AIIB does not lend to members outside of Asia.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 2 and 3 only
2. Consider the following statements regarding the National Disaster Response Force (NDRF):
1. It functions under the Ministry of Earth Sciences.
2. It has been constituted under the Disaster Management Act, 2005.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
3. Under the provisions of the Companies Act, 2013, which of the following companies is/are required to spend a minimum of 2% of their net profit over the preceding three years as Corporate Social Responsibility (CSR)?
1. A company having a net worth of five hundred crore rupees or more
2. A company having a net profit of two crore rupees
3. A company having a turnover of one hundred crore rupees
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 only
(d) 1, 2 and 3
4. With reference to PM Gati Shakti, consider the following statements:
1. It is a digital platform to bring related ministries together for integrated planning of infrastructure projects.
2. Under the scheme, dynamic mapping of all infrastructure projects with real-time updation will be provided by way of a map.
3. An Empowered Group of Secretaries (EGoS) which approves any changes in the Master Plan has been constituted under the chairmanship of Special Secretary (Logistics) of Ministry of Commerce and Industry.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3 only
5. With reference to Zero Defect Zero Effect, consider the following statements:
1. It aims to manufacture goods in the country with ‘zero defects’ and to ensure that the goods have ‘zero effect’ on the environment.
2. The Bureau of Indian Standards has been appointed as the National Monitoring & Implementing Unit (NMIU) for implementation of ZED.
3. Ministry of Environment, Forest and Climate Change in collaboration with NITI Aayog launched the ZED scheme.
Which of the statements given above is/are not correct?
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
6. Consider the following:
1. Life Insurance Corporation of India
2. Max Life Insurance Company Limited
3. General Insurance Corporation of India
4. New India Assurance Company Limited Which of the above are identified as Domestic Systemically Important Insurers (D-SIIs) in India?
(a) 1 and 3 only
(b) 1, 2 and 3 only
(c) 1, 3 and 4 only
(d) 2, 3 and 4 only
7. India has recorded the highest-ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22. In this context, consider the following statements:
1. United Kingdom was the top investor country with respect to FDI Equity inflow.
2. Computer Software & Hardware was the top recipient sector of FDI Equity inflow.
3. Maharashtra was the highest recipient state of FDI Equity inflow.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) 2 and 3 only
(d) None
8. The first All India Annual State Ministers’ Conference on Water was recently held. In this context, consider the following statements regarding the status of water in the Indian constitution:
1. Water is a concurrent subject under List III of the seventh schedule.
2. The Union Government has the powers to regulate and develop inter-State rivers under List I of the seventh schedule.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
9. With reference to the ‘National Green Hydrogen Mission’ in India, consider the following statements:
1. It aims to develop a green hydrogen production capacity of at least 50 MMT (Million Metric Tonne) per annum by 2030.
2. It will fund the domestic manufacturing of electrolyzers to produce green hydrogen.
3. Ministry of Environment, Forest and Climate Change will be responsible for the overall coordination and implementation of the Mission.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3
10. Consider the following statements:
1. Purchasing Managers’ Index (PMI) is an indicator of business activity for both in the manufacturing and services sectors.
2. A score above 50 denotes expansion in business activity and below 50 denotes contraction.
3. The PMI is compiled by Reserve bank of India.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3
11. Consider the following statements with reference to Swiss challenge method of Public Private Partnership (PPP) Model:
1. Private investors can submit proposals for infrastructure development without an invitation from the government.
2. The initial proponent has right of refusal and counter-match any superior offers given by the third party.
3. The Vijay Kelkar panel had recommended this model for future PPP projects.
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
12. Which of the following statements best describes the Reserve Tranche Position of an economy?
(a) It is the total amount of money held by the banks with the Central Bank.
(b) It is the total liability of the monetary authority (Central Bank) of the country.
(c) It is the proportion of money that banks keep with themselves as reserve requirement.
(d) It is the foreign currency amounts that a member country may draw from the IMF without agreeing to conditions.
13. With reference to Foreign Portfolio Investment (FPI), consider the following statements:
1. It is regulated by the Reserve Bank of India.
2. It was harmonized by the merger of the Foreign Institutional Investor (‘FII’) and Qualified Foreign Investor (‘QFI’) mode of investment.
3. FPIs can invest in Government Securities in India.
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
14. Consider the following statements with reference to Global Manufacturing Risk Index 2021:
1. This index was released by World Bank.
2. The ranking assesses the relative attractiveness of countries as locations of production.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
15. With reference to the horticulture sector in India, consider the following statements:
1. Overall production in the horticulture sector has surpassed the food grain production.
2. It contributes more than 50% to the Gross Value Added of the agriculture sector.
3. Overall productivity of horticulture crops is higher than that of food grains.
Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
16. With reference to Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:
1. It is a statutory body under the Ministry of Food Processing Industries.
2. APEDA is mandated with the responsibility of export promotion of alcoholic as well as non-alcoholic beverages.
3. It is responsible for monitoring the import of sugar in India.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 2 and 3 only
17. With reference to recent delays in conducting the decennial census of 2021, consider the following statements regarding the Socio Economic Census of India:
1. It is the first paperless census in India conducted on hand-held electronic devices.
2. Like the decennial census, it was based on the individuals.
3. It uses the parameters laid down by the S.R. Hashim committee.
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
18. World Manufacturing Production report is published by
(a) International Monetary Fund
(b) United Nations Industrial Development Organization
(c) World Trade Organization
(d) International Bank for Reconstruction and Development
19. Recently Lokur Committee was in the news. It is set up to give recommendations on matters related to
(a) the definition of scheduled tribes.
(b) the expenditure in the elections to the parliament and state legislative assemblies
(c) the environmental impact in the Himalayan region.
(d) the road safety measures
20. Consider the following statements with reference to the One Nation One Fertiliser Scheme:
1. It aims to reduce logistic costs involved in the transportation of fertilizers.
2. It is implemented under the Ministry of Agriculture and Farmers’ Welfare.
3. This scheme applies to both public and private sector companies.
Which of the statements given above is/are
correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1 and 3 only
21. Consider the following statements regarding the textile industry in India:
1. The textiles and apparel industry in India is the largest employer among all the sectors.
2. The Government targets to achieve US $100 billion in export for textile products by 2030.
3. USA was the top export destination of textiles during FY2022.
Which of the statements given above is/are correct?
(a) 1 and 3 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3
22. With reference to the Five Year Plans in independent India, consider the following pairs:
Plan : Description
1. First Plan(1951–56) : Priority to agriculture including irrigation and power projects
2. Second Plan(1956-61) : Emphasis on rapid industrialization with a focus on heavy industries and capital goods
3. Fifth Plan (1974-79): Focus on poverty alleviation and self- reliance
Which of the pairs given above are correctly matched?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
23. With reference to the burial practices of the Indus Valley Civilization, consider the following statements:
1. Dholavira provides evidence of the burial of pairs of males and females together.
2. Most common burial method was placing the body with the head towards the east in a simple pit.
Which of the statements given above is/are not correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
24. With reference to planning in India, consider the following statements:
1. Bombay Plan focused on rapid industrialization with an emphasis on heavy capital goods and basic industries.
2. Visvesvaraya Plan gave more importance to agriculture than industrialization.
3. Sarvodaya Plan promoted land reforms, self-dependent villages, and decentralized participatory forms of planning and economic progress.
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
25. Consider the following statements regarding New Development Bank:
1. It is a multilateral development bank established by BRICS countries.
2. China is the largest shareholder of the New Development Bank.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
26. With reference to, “Pradhan Mantri Annadata Aay Sanrakshan Abhiyan” (PM-AASHA), which of the following schemes is/are part of PM-AASHA?
1. The Price Support Scheme (PSS)
2. The Price Deficiency Payment Scheme (PDPS)
3. The Pilot of Private Procurement and Stockist Scheme (PPPS)
Select the correct answer using the code given below.
(a) 1 only
(b) 3 only
(c) 1 and 2 only
(d) 1, 2 and 3
27. The water bird count at the Kole Wetlands, a Ramsar site, and an Important Bird Area was held recently as part of the Asian Waterbird Count (AWC) 2023. Where is Kole wetlands situated?
(a) Madhya Pradesh
(b) Jharkhand
(c) Kerala
(d) Telangana
28. Which one of the following statements correctly describes the meaning of ‘insurance penetration’?
(a) The ratio of total insurance premium to total population in a country.
(b) The percentage of premium used to pay all the costs of acquiring, writing, and servicing insurance and reinsurance by insurance firms.
(c) The ratio of premium underwritten in a given year to the Gross Domestic Product (GDP) in a country.
(d) The ratio of total profits of an insurance company to the amount of revenue it generates from underwriting insurance policies.
29. Which of the following is/are included to estimate food inflation in India?
1. Cereals
2. Fruits
3. Eggs
4. Sugar and Confectionery
5. Tobacco
Select the correct answer using the code given below.
(a) 1, 2 and 3 only
(b) 4 only
(c) 1, 2, 3 and 4 only
(d) 1, 2, 3, 4 and 5
30. Consider the following statements:
1. India is the world’s largest importer of vegetable oil.
2. India was the largest consumer of sugar in the world during 2021-22
3. India is the world’s largest producer of tea.
Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
31. With reference to Neem Coated Urea, consider the following statements:
1. Release of Neem oil in the soil increases nitrogen fixation by the soil microorganisms.
2. It prevents leaching of nitrogen of urea into the soil and hence prevents the soil from damage.
3. It can enhance the yield of paddy and soybean.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
32. With reference to ‘Pradhan Mantri Kisan Samruddhi Kendras’ (PMKSK), consider the following statements:
1. This scheme is implemented under the Ministry of Agriculture and Farmer Welfare.
2. They will act as retail fertilizer shops in the country and also provide access to seeds.
3. They will conduct soil testing and provide useful information about farming techniques to farmers.
Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
33. Consider the following statements regarding National Logistics Policy 2022:
1. It aims to lower the cost of logistics from the current 10% of GDP to less than 5% by the year 2050.
2. India aims to be among the top 25 countries in the LPI (Logistics Performance Index) by 2030.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
34. Consider the following statements regarding growth in Gross Value Added (GVA) in Industry in the last decade:
1. Manufacturing has largest presence within the industrial sector.
2. The share of electricity has been showing an increasing trend since last five years.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
35. In the context of the World Trade Organization (WTO), consider the following statements with respect to the Amber Box subsidies:
1. These are trade distorting by making products of a particular country cheaper in comparison to other country’s products.
2. Support limit of subsidy is capped at 10% of the total agricultural production for developed countries and at 5% for developing countries.
3. It includes input subsidies such as subsidies for fertilisers, seeds, electricity, etc.
Which of the statements given above is/are correct?
(a) 1, 2 and 3
(b) 1 and 3 only
(c) 1 and 2 only
(d) 3 only
36. With reference to the Unlawful Activities (Prevention) Act 1967 (UAPA Act), consider the following statements:
1. National Investigation Agency was established in 2008 under the Act.
2. Only Indian nationals can be charged under the act.
3. It has the death penalty as the highest punishment.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 3 only
(d) 1, 2 and 3
37. Recently, the 108th Indian Science Congress was held in Nagpur. Consider the following statements regarding the Indian Science Congress:
1. The Indian Science Congress Association was an initiative of Pandit Jawaharlal Nehru.
2. It is presided over by the chairman of the Defence Research and Development Organisation.
Which of the statements given is/are correct? (a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
38. With reference to basic criteria for MSME classification, consider the following statements:
1. Micro enterprises are those companies where the investment in plant and machinery does not exceed one crore rupees and annual turnover does not exceed five crore rupees.
2. In medium enterprises, the investment in plant and machinery does not exceed twenty five crore rupees and annual turnover does not exceed one hundred crore rupees.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
39. With reference to “Fair and Remunerative Price (FRP)”, consider the following statements:
1. FRP is the price declared by the government, which sugar mills are legally bound to pay to farmers for the cane procured from them.
2. It is fixed and announced by the Commission for Agricultural Costs and Prices (CACP).
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
40. ‘Prajjwala Challenge’ was recently seen in the news, in the context of:
(a) electrification of rural areas.
(b) supply of gas pipelines in hilly areas.
(c) adding more cities in smart city campaign.
(d) transformation of the rural economy with special focus on rural women belonging to the marginalised rural communities in India.
41. With reference to FDI, consider the following statements:
1. In the Year 2020-21, India received the lowest FDI since the 1991 reforms due to Covid 19.
2. Recently annual FDI inflows in India crossed the 100 Billion mark.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
42. Consider the following pairs:
IPR Convention/Agreement Description
1. Paris Convention : Protection of Industrial Property
2. Nice Agreement : Classification of goods and services for registering trademarks and service marks
3. Berne Convention : Protection of Literary and Artistic Works
How many pairs given above are correctly matched?
(a) Only one pair
(b) Only two pairs
(c) All three pairs
(d) None of the pairs
43. Which of the following statements regarding ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ is/are correct?
1. It is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason.
2. Individuals in the age group of 18-70 years having a savings bank or a post office account are entitled to enroll under the scheme.
3. It is mandatory for the participatory account holders to link their Aadhar Card to their account to avail benefits of the scheme.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
44. Which of the following is/are the major contributor(s) to India’s balance of payments crisis in 1991?
1. Decline in exports from India
2. Increase in global prices of crude oil
3. Decline in foreign remittances
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
45. With reference to the recession in an economy, consider the following statements:
1. Two consecutive quarters of negative economic growth is an indicator of recession.
2. Recession is normally considered to be extremely severe than depression as the decline in GDP can exceed 10 percent.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
46. Consider the following statements with reference to concept of floor wage:
1. The floor wage is determined by the central government and it cannot be varied across different geographical areas.
2. The Code on Wages, 2019 stipulates that the minimum wage that is paid to every employee cannot go below the floor wage.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
47. With reference to ‘major airports in India, consider the following statements:
1. An airport can be designated as a ‘major airport’ only if it has annual passenger traffic of at least 35 lakhs.
2. Airports Authority of India (AAI) regulates tariffs for aeronautical services at major airports.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
48. Consider the following statements regarding PLI (Production Linked Incentive) scheme:
1. The objective of the scheme is to make domestic manufacturing globally competitive.
2. Incentives under the scheme are calculated on the basis of incremental sales.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
49. With reference to various pricing mechanisms, which of the following statements is not correct?
(a) Market price refers to the price at which the assets, products, and services are bought and sold.
(b) Control Price is the technique of establishing a lower limit or upper limit of the selling price of specified goods and services.
(c) An administered price is the price of a good or service as dictated by a government or centralized authority.
(d) Recommendation of price levels for wheat and rice by the Commission for Agriculture Costs and Prices (CACP) is an example of market price.
50. With reference to Minimum Support Price, consider the following statements:
1. It is announced by the Government of India for 32 major agricultural commodities every year.
2. The Commission for Agricultural Costs & Prices (CACP) considers both the imputed cost of capital and the rent on the land while recommending the MSP.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
51. Which of the following are most likely consequences of rigid labor laws?
1. Increased compliance burden on firms
2. Increased use of contract labor
3. Entry and exit barriers for firms
4. Difficulties in hiring and firing employees
Select the correct answer using the code given below.
(a) 1, 2 and 3 only
(b) 2, 3 and 4 only
(c) 1 and 4 only
(d) 1, 2, 3 and 4
52. Which one of the following is the basic difference between the Central Sector Schemes and Centrally Sponsored Schemes?
1. While the Central Sector Schemes are 100 percent funded by the Union Government, the Centrally Sponsored Schemes (CSSs) are funded by the Centre and the States in fixed ratios.
2. While the Central Sector Schemes are mainly formulated on subjects from the State List of the Seventh Schedule, the Centrally Sponsored Schemes are formulated on subjects mentioned in the Union List.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
53. Consider the following statements regarding the Indian automotive industry:
1. India has become the second-largest vehicle market in 2022 after China.
2. Number of automobiles produced in the country has increased steadily over the last five years.
3. 100% FDI is allowed in the automobile sector under the automatic route.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 3 only
(d) 1 and 3 only
54. Which of the following are Ramsar Sites in India?
1. Thane Creek
2. Tampara Lake
3. Yashwant Sagar
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
55. Consider the following statements regarding the recently released Global Risk Report:
1. It is released by United Nations Office for Disaster Risk Reduction.
2. It is released annually based on Global Risks Perception Survey.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
56. Which of the following statements best describes the term ‘unemployment trap’?
(a) It is a situation deliberately brought by the government to reduce unemployment and increase demand by going for higher economic growth.
(b) It is a phenomenon wherein more people are employed than actually needed.
(c) It is a situation where the opportunity cost of going to work is higher than remaining unemployed.
(d) The situation where the majority of workers are employed in the low paying unorganized sector.
57. Consider the following statements:
1. Agricultural exports have increased steadily during the last five years.
2. USA continued to remain the top export destination for India in FY22.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
58. What is the aim of the ‘SPRINT Challenge’ initiative launched recently?
(a) It aims to boost the usage of indigenous technology in Indian Navy.
(b) It aims to bring India’s Ease of doing business ranking among top 50.
(c) It aims to provide free and accessible basic healthcare to all after Covid-19
(d) It aims to improve air quality in India by reducing PM 2.5 concentration in air.
59. With reference to the recent fiscal trends in Indian economy, consider the following statements:
1. In the current fiscal year, bank loans to the services sector have surpassed that of the Industrial sector.
2. Indian banks have witnessed the highest incremental credit growth in the current fiscal year.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
60. Which of the following are the components of the New Industrial Policy of 1991?
1. De-licensing of the gunpowder, industrial explosives and detonating fuse industry
2. Abolition of the Monopolistic and Restrictive Trade Practices (MRTP) Limit
3. Replacement of the Foreign Exchange Regulation Act, 1973 with the Foreign Exchange Management Act (FEMA), 1999
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
61. Consider the following statements regarding Business Expectation Index (BEI).
1. It is released by the World Economic Forum.
2. It gives a glimpse of the demand conditions in the financial sector.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
62. Consider the following statements with respect to the Federation of Indian Export Organisation:
1. It provides the interface between the international trading community of India and the central and state governments.
2. It is registered under the Societies Registration Act, of 1860.
3. It issues a Certificate of Origin required as proof of origin of the goods.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
63. Consider the following statements regarding Market-Based Economic Dispatch (MBED) mechanism:
1. It will ensure that the cheapest electricity generating resources available across the country are supplied to meet the overall system demand.
2. It will make State’s Electricity Distribution Companies (DISCOMs) less dependent on the state governments.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
64. In India, which one of the following is responsible for the registration of civil aircraft?
(a) Airport Authority of India
(b) Bureau of Civil Aviation Security
(c) Airports Economic Regulatory Authority of India
(d) Directorate General of Civil Aviation
65. Which of the following is the world’s first satellite-based two-way capable messaging solution for premium smartphones announced recently?
(a) Starlink
(b) Snapdragon
(c) Frontier
(d) Tether
66. With reference to telecom sector reforms in India, consider the following statements:
1. Fee-sharing mechanism between the government and the telecoms is based on ‘revenue-sharing fee’ model.
2. The tenure for future spectrum auctions is for a period of 30 years.
3. Up to 49% of Foreign Direct Investment (FDI) under the automatic route is allowed in the telecom sector.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
67. With reference to Public Private Partnership (PPP) projects, consider the following statements regarding Build-Operate-Transfer (BOT) model:
1. A private player is granted a concession to finance, build and operate a project for a specified period of time.
2. The risk of the project completely lies with the government.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
68. Consider the following statements regarding PM-KISAN:
1. Tenant farmers are eligible to get benefits under the Scheme.
2. The identified beneficiary gets Rs. 6000 every four months under the scheme.
3. ln case of incorrect declaration, the beneficiary shall be liable for recovery of transferred financial benefit.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 3 only
(d) 1, 2 and 3
69. With reference to Primary Agricultural Credit Societies (PACS), consider the following statements:
1. They are outside the purview of the Banking Regulation Act, of 1949.
2. They are registered under the respective state co-operative societies act.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
70. In the context of India’s foreign trade policy, which one of the following statements about the initiative “Towns of Export Excellence” (TEE) is not correct?
(a) Specified towns with a goods turnover of Rs 750 Crore or more may be notified as TEE.
(b) All the states in India have at least one Town of Export Excellence.
(c) Common service providers in TEE areas will be considered eligible for authorization under the Export Promotion Capital Goods (EPCG) Scheme (EPCG) scheme.
(d) This initiative comes under the Ministry of Commerce & Industry.
71. With reference to ‘e-commerce entities’ operating in India, which of the following statements is/are correct?
1. They refer to sellers offering their goods or services for sale on an electronic marketplace in India.
2. They are required to provide information to consumers relating to the country of origin at the pre-purchase stage.
3. They are prohibited from organizing flash sales.
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
72. Consider the following statements with respect to Code on Social Security, 2020:
1. It aims to extend social security benefits to workers in both organised and unorganised sectors including gig and platform workers.
2. Employees have to complete a minimum of fifteen years of service to be eligible for gratuity payment.
3. Maternity benefit is applicable to every establishment in which ten or more employees are employed.
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
73. Which of the following statements is correct about African Swine Fever recently seen in the news?
(a) It is a viral disease that attacks buffaloes.
(b) It is endemic to sub-Saharan Africa and restricted to African continent.
(c) It has recently started affecting human beings too after mutation.
(d) There is no cure or precaution available for the infection yet.
74. With reference to economic reforms, consider the following pairs:
Consensus Focus
1. Washington Consensus : Liberalisation of FDI inflows
2. Beijing Consensus : Self-determination and inclusion of selective foreign ideas
3. Santiago Consensus : Social and Economic Inclusion
Which of the pairs given above are correctly matched?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
75. Consider the following statements regarding the World Bank:
1. India is a founding member of the World Bank.
2. The Board of Governors is the highest decision-making body at the Bank.
3. To become a member of the World Bank,a country must first join the United Nations.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1 and 2 only
76. Foreign Direct Investment is prohibited under which of the following sectors in India?
1. Trading in Transferable Development Rights
2. Manufacturing of cigarettes
3. Lottery Business
4. Gambling and Betting
5. Air Transport Services
Select the correct answer using the code given below.
(a) 2 and 3 only
(b) 5 only
(c) 1, 2, 3 and 4 only
(d) 1, 2, 3, 4 and 5
77. Consider the following statements with reference to Industrial Relations Code, 2020:
1. A company with five hundred employees can lay off employees without getting approval from the government.
2. Trade Unions having more than 51% of the workers as members would be recognized as a sole negotiating union.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
78. Sammed Shikharji was in the news recently. It is a holy site for which of the religious/ tribal communities in India?
(a) Gonds
(b) Buddhists
(c) Jains
(d) Bhils
79. With reference to Foreign Direct Investment (FDI) Policy in the aviation sector in India, consider the following statements:
1. 100 percent FDI is permitted under automatic routes in Scheduled Air Transport Service/Domestic Scheduled Passenger Airline for Non-Resident Indians.
2. 74 percent of FDI is permitted under automatic routes for greenfield airport projects.
3. 49 percent FDI is permissible in domestic airlines under the automatic route but this cannot come from foreign airline companies.
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
80. In the context of the Balance of Payment, which of the following items come under the
Capital Account?
1. External Commercial Borrowings
2. Bilateral loans
3. Foreign Direct Investment (FDI)
4. Remittances
Select the correct answer using the code given below.
(a) 2 and 4 only
(b) 1, 3 and 4 only
(c) 1, 2, 3 and 4
(d) 1, 2 and 3 only
81. Consider the following pairs regarding different models of investment India followed.
Investment Model : Core Policy
1. Harrod Domar Model : Policy to increase investment by increasing savings
2. Feldman- Mahalanobis Model : Policy to increase investment in capital goods sector
3. Leverage Investment Model : Policy to increase investment by borrowed money
How many pairs given above are correctly matched?
(a) All three pairs
(b) Only one pair
(c) Only two pairs
(d) None of the pairs
82. Which of the following identifies Central Public Sector Enterprises (CPSEs) for strategic disinvestment and advice on the mode of sale, and percentage of shares to be sold of the CPSE?
(a) NITI Aayog
(b) Ministry of Finance
(c) Department of Investment and Public Asset Management (DIPAM)
(d) Ministry of Corporate Affairs
83. Which of the following is/are correct with reference to various modes of privatisation in India?
1. Greenfield privatisation involves removing barriers to entry for the private sector hitherto reserved for the public sector.
2. Under cold privatisation, public enterprises are made to behave as private enterprises by giving financial autonomy to seek financial assistance directly from the capital market.
3. Disinvestment or divestiture is effected by the sale or transfer of shares held by the government directly or through its agencies in enterprises to the private sector.
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
84. India is a member of which of the following institutions of the World Bank Group?
1. International Bank for Reconstruction and Development (IBRD)
2. International Centre for Settlement of Investment Disputes (ICSID)
3. International Finance Corporation (IFC) 4. Multilateral Investment Guarantee Agency (MIGA)
5. International Development Association (IDA)
Select the correct answer using the code given below.
(a) 1, 4 and 5 only
(b) 2, 3 and 5 only
(c) 1, 3, 4 and 5 only
(d) 1, 2, 3, 4 and 5
85. Recently, Defence Research and Development Organisation (DRDO) carried out a successful test launch of Prithvi-II. It is a
(a) frigate
(b) torpedo
(c) tank
(d) ballistic missile
86. Which of the following are among the top ten export commodities of India during FY 2020- 21?
1. Iron and Steel
2. Vegetable Oils
3. Marine Products
4. Plastic raw materials
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 and 4 only
(c) 1 and 3 only
(d) 3 and 4 only
87. Consider the following statements regarding the lending facilities of the International Monetary Fund (IMF):
1. Rapid Credit Facility (RCF) provides rapid concessional financial assistance to low-income countries facing an urgent balance of payments need.
2. Rapid Financing Instrument (RFI) provides rapid financial assistance to all member countries facing an urgent balance of payments need.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
88. Consider the following statements with reference to the Dairy sector in India:
1. It accounts for more than 10 per cent of the national economy.
2. India accounts for more than 20 percent of global milk production.
3. India has the largest cattle and buffalo population in the world.
Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
89. Which of the following statements is correct about the Sagol Kangjei which was, sometimes seen in the news recently?
(a) It is a festival indigenous to Assam for celebrating harvest.
(b) It is a famous equine breed of India from Manipur.
(c) It is a sport indigenous to Manipur and similar to modern Polo.
(d) It is a famous traditional dance form of Assam.
90. Consider the following pairs:
Initiatives Objective
1. SFURTI : To organize traditional industries into clusters to make them competitive
2. CHAMPIONS portal : To make the smaller units big by handholding and addressing their grievances
3. ASPIRE : To promote startups for innovation in the agro-industry
Which of the pairs given above is/are correctly matched?
(a) 1 and 2 only
(b) 2 only
(c) 3 only
(d) 1, 2 and 3
91. Consider the following:
1. Artemis 1 Mission
2. Lucy Mission
3. Hakuto R Mision
Which of the missions given above is/are lunar missions?
(a) 1 only
(b) 2 only
(c) 1 and 3 only
(d) 2 and 3 only
92. Consider the following statement with reference to fertiliser subsidy:
1. The Government pays a subsidy on urea to fertiliser manufacturers on the basis of cost of production.
2. Non-Urea based fertilisers are regulated under Nutrient Based Subsidy (NBS) Scheme.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
93. With reference to Farmer Producer Organisations (FPOs), consider the following statements:
1. It can be registered as a company or cooperative society.
2. Its management lies entirely with the Small Farmers’ Agribusiness Consortium (SFAC).
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
94. Consider the following statements regarding the Pravasi Bharatiya Divas:
1. It is organized by the Ministry of Culture.
2. It is celebrated to commemorate the return of Mahatma Gandhi from South Africa to India in 1915.
3. It is celebrated every year.
Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 only
(d) 2 and 3 only
95. In the context of the balance of payment (BOP), which of the following are included in the transfer payments?
1. Aid received in kind from foreign governments
2. Remittances
3. Non-resident deposits
4. Contributions and donations to religious institutions
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 3 and 4 only
(c) 1, 2 and 3 only
(d) 1, 2 and 4 only
96. With reference to the common BIS standards, consider the following pairs:
BIS standard Used for
1. BIS Hallmark : Standards compliance mark for industrial products
2. ISI Mark : Mandatory standard for gold and silver jewellery
3. Ecomark : Labeling of environment-friendly products
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 3 only
(c) 1 only
(d) 2 only
97. Consider the following statements regarding the International Monetary Fund (IMF):
1. The International Monetary and Financial Committee (IMFC) is the highest decision-making body of the IMF.
2. Every member country has equal voting power in decision-making at the IMF.
3. The Board of Governors has the right to approve quota increases, allocate or cancel special drawing rights (SDR).
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 3 only
98. Which of the following goods come under the category of white goods?
1. Refrigerators
2. Dishwashers
3. Air conditioners
4. LED Lights
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 3 and 4 only
(c) 1, 2 and 4 only
(d) 1, 2, 3 and 4
99. With reference to the insurance sector in India, which of the following statements is/are correct?
1. The number of general insurance companies are higher as compared to life insurance companies operating in India.
2. Life insurance penetration is less as compared to general insurance penetration in India.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
100. With reference to ‘Bharat Gaurav Trains’ scheme, consider the following statements:
1. It allows only private players to operate trains on theme-based circuits.
2. The operator has the freedom to decide the route, the halts, and the services provided but not the tariff.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2