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UPSC PYQs: Economy, Banking & Development

Review complete published questions grouped by topic: Economy, Banking & Development.

21 published questions

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Questions

As per the NSSO 70th Round "Situation Assessment Survey of Agricultural Households", consider the following statements: 1. Rajasthan has the highest percentage share of agricultural households among its rural households. 2. Out of the total agricultural households in the country, a little over 60 percent belong to OBCs. 3. In Kerala, a little over 60 percent of agricultural households reported to have received maximum income from sources other than agricultural activities. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
With reference to India's decision to levy an equalisation tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/are correct? 1. It is introduced as a part of the Income Tax Act. 2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under Double Taxation Avoidance Agreements. Select the correct answer using the code given below.2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following statements: 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt-to-GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for State Governments. 2. The Central Government has domestic liabilities of 21% of GDP as compared to 49% of GDP of State Governments. 3. As per the Constitution of India, it is mandatory for a State to take the Central Government's consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following statements: 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2. The Government does not impose any customs duty on all imported edible oils. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Which one of the following links all the ATMs in India?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following statements: 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if account-holders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
With reference to provisions made under the National Food Security Act, 2013, consider the following statements: 1. Families coming under the category of below poverty line (BPL) only are eligible to receive subsidised food grains. 2. The eldest woman in a household, of age 18 years or above, shall be the head of the household for the purpose of issuance of a ration card. 3. Pregnant women and lactating mothers are entitled to a take-home ration of 1600 calories per day during pregnancy and for six months thereafter. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following statements: 1. In India, State Governments do not have the power to auction non-coal mines. 2. Andhra Pradesh and Jharkhand do not have gold mines. 3. Rajasthan has iron ore mines. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
With reference to digital payments, consider the following statements: 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account. 2. While a chip-PIN debit card has four factors of authentication, BHIM app has only two factors of authentication. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Which one of the following statements correctly describes the meaning of legal tender money?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
If a commodity is provided free to the public by the Government, then:2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Increase in absolute and per capita real GNP do not connote a higher level of economic development, if:2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following statements: Human capital formation as a concept is better explained in terms of a process which enables: 1. individuals of a country to accumulate more capital 2. increasing the knowledge, skill levels and capacities of the people of the country 3. accumulation of tangible wealth 4. accumulation of intangible wealth. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Despite being a high-saving economy, capital formation may not result in significant increase in output due to:2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by State Governments. 3. Treasury bills are issued at a discount from the par value. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
With reference to solar power production in India, consider the following statements: 1. India is the third largest in the world in the manufacture of silicon wafers used in photovoltaic units. 2. Solar power tariffs are determined by the Solar Energy Corporation of India. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements: 1. It is the flagship scheme of the Ministry of Labour and Employment. 2. It will, among other things, impart training in soft skills, entrepreneurship, financial and digital literacy. 3. It aims to align competencies of the unregulated workforce of the country to the National Skill Qualification Framework. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric. The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
With reference to the governance of public sector banking in India, consider the following statements: 1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade. 2. To put public sector banks in order, the merger of associate banks with the parent State Bank of India has been effected. Which of the statements given above is/are correct?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development
Consider the following items: 1. Cereal grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4. Newspapers containing advertising material. Which of the above items is/are exempted under GST (Goods and Services Tax)?2018 · Prelims GS1 · Indian Economy & Development · Economy, Banking & Development