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1. Read the following statements and choose the CORRECT answer
i) GDP is a specific measure of economic welfare that does NOT include aspects like leisure time, environmental quality, freedom, social justice or gender equality.
ii) Per Capita Income includes and also indicates the level of income equality among people.

A

i is true and ii is false

B

i is false ii is true

C

i is true and ii is true

D

i is false and ii is false

2. The Human Development Index (HDI) includes which of one of the following components?

A

Ratio of Medical Doctors per 100 people in an area

B

The Birth and Life Expectancy

C

The Students graduating from Pre Primary School

D

The Infant mortality rate due to Pneumonia and Diarrhea

3. Which of these committees is related to Financial Inclusion?

A

Vaghul Committee

B

A Ghosh Committee

C

Narasimham Committee

D

Raghuram Rajan Committee

4. The rate at which RBI purchases or rediscounts bills of exchange of commercial banks is called _____

A

Interest Rate

B

Repo Rate

C

Bank Rate

D

System Repo

5. Choose from the following given options, the appropriate active/passive form of the given passive/active sentence
Mridul ate six shrimp at dinner.

A

At dinner six shrimp was ate by Mridul.

B

At dinner, six shrimp were eaten by Mridul.

C

At dinner, shrimps are eaten by Mridul.

D

At dinner Mridul eat six shrimp

6. On what type of goods is the countervailing duty imposed on?

A

Imported Goods

B

Exported Goods

C

Local Goods

D

Rare Goods

7. The following questions consists of a related pair of words, followed by four pairs of words. Choose the pair that best represents a similar relationship to the one expressed in the original pair of words.
Binding : Book

A

tree : write

B

frame : picture

C

nail : clothes

D

stitch : bicyle

8. The FDI Policy allows ____ FDI under the automatic route for the marketplace model of e-commerce activities.

A

25%

B

50%

C

75%

D

100%

9. What is the current Cash Reserve

A

2%

B

4%

C

4.50%

D

5%

10. ____ has the highest Gross State Domestic Product (GSDP0

A

Maharastra

B

Kerala

C

Punjab

D

Uttar Pradesh

11. What percent of shareholding in National Housing Bank was divested by RBI in 2019?

A

100

B

60

C

40

D

20

12. In the context of which of the following organizations, do you hear the term Reserve Tranche Position (RTP)?

A

World Bank

B

Organisation for Economic Co-operation and Development

C

International Monetary Fund

D

World Trade Organisation

13. Name the Indian bank that signed an MoU with CARE Ratings to assess credit quality of its small and medium enterprises (SME) customers in 2020.

A

HDFC Bank

B

Bank of Baroda

C

ICICI Bank

D

Axis Bank

14. After the postponement of the Fourth Five Year Plan, annual plans were launched for the first time in India. In which year was this?

A

1951

B

1956

C

1961

D

1966

15. Who heads the High level expert group on farm exports set up by the 15th Finance Commission in 2020?

A

Radha Singh

B

Sanjiv Puri

C

N K Singh

D

Paban K. Borthaku

16. According to the Status Paper on Government Debt for 20-21, what is the amount of Central Government Debt as a percent of GDP?

A

30.5 %

B

5.2 %

C

63.9 %

D

72.3 %

17. By what kind of curve is the degree of urbanization represented?

A

Exponential

B

Logarithmic

C

Logistic

D

Normal

18. To improve the connectivity of key economic areas in which state, did Asian Development Bank (ADB) recently approve a USD 350 million loan agreement?

A

Maharashtra

B

Uttar Pradesh

C

Punjab

D

Madhya Pradesh

19. In June 2022, India`s services sector growth hit an eleven year high in February as per PMI. What does PMI stand for?

A

Purchasing Manager`s Index

B

Public Money Index

C

Purchasing Market Interest

D

Personal Market Investment

20. Which category of banks came under the regulation of Reserve Bank of India after the passing of the Banking Regulation (Amendments) Bill in 2020?

A

Cooperative Banks

B

ICICI Ltd

C

Land Developments Banks

D

Nidhi Companies