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Test Booklet Series

TEST BOOKLET

GENERAL STUDIES (P) 2017 Test 2112

C
Time Allowed: Two Hours Maximum Marks: 200

INSTRUCTIONS

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feel that there is more than one correct response with you consider the best. In any case, choose ONLY ONE
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1. Which among the following sectors is/are 4. Which among the following is/are likely to
covered under the Index of Industrial result in the current account surplus in the
Production (IIP)? Balance of Payments (BoP)?
1. Mining 1. Increase in the remittances received
2. Manufacturing from abroad.
3. Electricity 2. Sale of Bonds by Reserve Bank of India
Select the correct answer using the code in the global market.
given below. 3. Fall in global oil prices
(a) 1 and 2 only Select the correct answer using the code
(b) 2 only given below.
(c) 1 and 3 only (a) 1 and 2 only
(d) 1, 2 and 3 (b) 1 and 3 only
(c) 3 only
2. With reference to Participatory Notes (PN), (d) 1, 2 and 3
consider the following statements:
1. These are financial instruments used by 5. With reference to the impact of fall in crude

investors that are not registered with price on inflation in India, consider the

the SEBI to invest in Indian securities. following statements:

2. The investors enjoy the voting rights in 1. It has benefited urban consumers more

relation to shares invested through the than the rural consumers.

PN. 2. It has impacted WPI (fuel) component

Which of the statements given above is/are more than the CPI (fuel) component.
Select the answer using the correct
correct?
code given below.
(a) 1 only
(a) 1 only
(b) 2 only
(b) 2 only
(c) Both 1 and 2
(c) Both 1 and 2
(d) Neither 1 nor 2
(d) Neither 1 nor 2

3. Which among the following is/are the

6. Which of the following factors can lead to
instruments of secondary capital market?
fall in Indian exports?
1. Bonds
1. Global slowdown
2. Initial Public Offering
2. Low global commodity prices
3. Commercial Papers
3. Deprecation of currency
Select the correct answer using the code
Select the correct answer using the code
given below.
given below.
(a) 1 and 3 only
(a) 1 and 2 only
(b) 1 only
(b) 2 only
(c) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
(d) 1, 2 and 3
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7. With reference to Rural Infrastructure 10. Which among the following steps can be
Development Fund (RIDF), consider the taken to improve ease of doing business in
following statements: India?
1. The shortfalls in the priority sector 1. Implementation of Goods and Services
lending of both foreign banks and public Tax
sector banks are deposited in RIDF.
2. Flexibility in labour policy
2. It is maintained by the National Bank for
3. Improving effectiveness of single
Agriculture and Rural Development
window clearances
(NABARD).
Select the correct answer using the code
Which of the statements given above is/are
correct? given below.
(a) 1 only (a) 1 and 2 only
(b) 2 only (b) 2 and 3 only
(c) Both 1 and 2 (c) 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3

8. With reference to Foreign Institutional 11. With reference to the Micro, Small and
Investors (FIIs), consider the following Medium Enterprises in India, consider the
statements: following statements:
1. A foreign investment to acquire more
1. They are categorised on the basis of net
than 10% shares of a company is
profit and number of persons
categorised as Foreign Institutional
employed.
Investment.
2. FIIs can invest only in companies listed 2. Government has reserved certain items
on the stock exchange. to be manufactured exclusively by
Which of the following statements given MSME sector.
above is/are correct? Which of the statements given above is/are
(a) 1 only correct?
(b) 2 only (a) 1 only
(c) Both 1 and 2 (b) 2 only
(d) Neither 1 nor 2 (c) Both 1 and 2
(d) Neither 1 nor 2
9. Which of the following steps can help in
making domestic production of steel
12. Nutrient based subsidy scheme covers
sustainable?
which of the following fertilizers?
1. Decreasing basic customs duties on
1. Urea
certain primary iron and steel products.
2. Imposing anti-dumping duties on steel 2. Phosphatic fertilisers (P)
imported from other nations. 3. Potassic fertilisers (K)
Select the correct answer using the code Select the correct answer from the code
given below: given below.
(a) 1 only (a) 1 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3
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13. Consider the following points of differences 16. With reference to Urea, consider the
between a share and a debenture: following statements:
1. While a share capital is the credit to the 1. It is the most produced and most
company, a debenture is an ownership imported fertiliser in India.
capital. 2. The subsidy on urea is provided only for
2. While dividend is paid on shares, agricultural purposes and not for
interest is paid on debentures. industrial purposes.
Which of the statements given above is/are Which of the statements given above is/are
correct?
correct?
(a) 1 only
(a) 1 only
(b) 2 only
(b) 2 only
(c) Both 1 and 2
(c) Both 1 and 2
(d) Neither 1 nor 2
(d) Neither 1 nor 2

14. Which of the following reasons necessitated

17. With reference to the Demographic
the intervention of State in the industrial
development after independence? Dividend, consider the following
1. The private sector lacked the huge statements:
capital required for setting up of heavy 1. A country with a high population
industries. between 15-64 years is considered to
2. The private players had less incentive to have a high demographic dividend.
invest in industrialisation due to the low 2. Focus on providing skill development
demand for industrial goods. and education will help in effective
3. The need to maximise the profit utilisation of demographic dividend.
necessitated State intervention. Which of the statements is/are correct?
Select the correct answer using the code (a) 1 only
given below. (b) 2 only
(a) 1 only (c) Both 1 and 2
(b) 1 and 2 only (d) Neither 1 nor 2
(c) 2 and 3 only
(d) 1, 2 and 3
18. With reference to Direct Benefit Transfer
(DBT), consider the following statements:
15. With reference to money markets, consider
1. Under DBT, the monetary benefits from
the following statements:
different schemes will be directly
1. Call money refers to borrowing/lending
transferred to the beneficiary's bank
of funds on overnight basis.
account.
2. Notice Money refers to
2. It will help to eliminate waste in subsidy
borrowing/lending of funds for period
transfer and reduce corruption.
exceeding 14 days.
Which of the statements given above is/are Which of the statements given above is/are
correct? correct?
(a) 1 only (a) 1 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) Both 1 and 2
(d) Neither 1 nor 2 (d) Neither 1 nor 2
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19. Which of the following is/ 22. With reference to the 2015 Ministerial
are not agreements under WTO? Conference of WTO, consider the following
1. Trade Facilitation Agreement statements:
2. Trade Related Intellectual Property 1. It was held in Bali, Indonesia.
Rights 2. The member countries reached
3. Agreement on Subsidies and consensus on Doha Development
Countervailing Measures Agenda.
Select the correct answer using the code 3. Afghanistan and Liberia acceded to the
given below? WTO at this conference.
(a) 1 and 2 only Which of the statement/statements given
(b) 3 only above is/are correct?
(c) 1, 2 and 3 (a) 3 only
(d) None of the above (b) 1 and 2 only
(c) 2 and 3 only
20. Consider the following statements with (d) 1, 2 and 3
regard to Pension Fund Regulatory and
Development authority (PFRDA):
23. With reference to Infrastructure Investment
1. It is a non-statutory body under the
Trusts (InvITs), consider the following
ministry of Social Justice.
statements:
2. Pension funds of both private and
1. They enable investments into the
Government employee comes under its
infrastructure sector by pooling small
purview.
sums of money from multiple investors.
3. The National Pension Scheme (NPS) is
2. Investments through InvITs can only be
regulated by PFRDA.
made in PPP project.
Which of the following statements given
3. These are regulated by SEBI.
above are correct
Which of the statements given above is/are
(a) 1 and 2 only
correct?
(b) 2 and 3 only
(c) 1 and 3 only (a) 1 and 3 only
(d) 1, 2 and 3 (b) 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
21. With reference to the recent changes in the
norms for the priority sector lending,
consider the following statements: 24. Which of the following is/are the
1. Loans to the agricultural sector will be components of Current Account of the
categorised as direct and indirect having Balance of Payments?
separate targets. 1. Investments of Indian nationals in other
2. Foreign banks with less than 20 countries.
branches will be exempted from priority 2. Dividends from Foreign Investment
sector lending. 3. Loans from World Bank
Which of the statements given above is/are Select the correct answer using the code
correct? given below.
(a) 1 only (a) 1 and 2 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) 1 and 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3
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25. Which of the following schemes are 28. Which of the following was/were features
concerned with Urban Infrastructure? of the Mahalanobis growth model?
1. AMRUT 1. Emphasis on Self-Reliance
2. HRIDAY 2. Indicative planning
3. Swachh Bharat Mission 3. Emphasis on heavy goods industries
Select the correct answer using the code Select the correct answer using the code
given below.
given below.
(a) 1 and 2 only
(a) 1 and 2 only
(b) 2 and 3 only
(b) 1 and 3 only
(c) 1 and 3 only
(c) 3 only
(d) 1, 2 and 3
(d) 1, 2 and 3

26. Which of the following

29. Which of the following statements is/are
factors necessitate privatization and
correct regarding Special Safeguard
commercialization of infrastructure sector?
1. Scarcity of resources and stress on mechanism in WTO?

public finances. 1. It is a tool that will allow developing

2. Management efficiency of private countries to raise tariffs temporarily to
sector. deal with import surges or price falls.
3. Technological changes. 2. It has been included under the Nairobi
Select the correct answer using the code Package negotiated under the WTO.
given below. Select the correct answer using the code
(a) 1 and 2 only given below.
(b) 2 and 3 only (a) 1 only
(c) 1, 2 and 3 (b) 2 only
(d) None of the above (c) Both 1 and 2
(d) Neither 1 nor 2
27. With reference to the National Agricultural
Market (NAM), consider the following
30. With reference to Quantitative Easing,
statements:
consider the following statements:
1. It aims to create a pan-India electronic
1. Under this policy, the central bank sells
trading portal for agricultural
government securities to increase
commodities.
interest rates in the economy.
2. It will be implemented as a Central
2. It can lead to an inflation in the
Sector Scheme through Agri-Tech
Infrastructure Fund (ATIF). economy.

Which of the statements given above is/are Which of the statements given above is/are
correct? correct?
(a) 1 only (a) 1 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) Both 1 and 2
(d) Neither 1 nor 2 (d) Neither 1 nor 2
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31. For which of the following industries is 34. Which of the following commodities falls
Industrial Licensing compulsory? under the purview of Essential Commodities
1. Distillation and brewing of alcoholic Act for price regulation by government?
drinks. 1. Petroleum products
2. Railway transport 2. Edible oil
3. Drugs and Pharmaceuticals 3. Pulses
4. Atomic energy
4. Rice
5. Electronic Aerospace and Defence
Select the correct answer using the codes
equipment
given below
Select the correct answer using the code
(a) 1 only
given below.
(b) 2 and 4 only
(a) 1, 3 and 5 only
(c) 1, 2 and 4 only
(b) 1 and 4 only
(c) 2, 4 and 5 only (d) 1, 2, 3 and 4
(d) 3, 4 and 4 only
35. Which of the following initiatives have
32. Which of the following is/are part of helped to increase the agricultural
transfer payments? productivity in India?
1. Payment for Services provided abroad 1. Supply of High Yield Variety (HYV) seeds
2. Donations from abroad 2. Supply of chemical fertilizers
3. Remittance 3. Improved irrigation methods
Select the correct answer using the code Select the correct answer using the code
given below. given below.
(a) 1 and 2 only (a) 1 only
(b) 1 and 3 only (b) 1 and 2 only
(c) 2 only (c) 2 and 3 only
(d) 2 and 3 only
(d) 1, 2 and 3

33. Which of the following are part of

36. With reference to Incremental Capital
liberalisation policy of the government?
Output Ratio (ICOR), consider the following
1. De-reservation of sectors which were
statements:
reserved for small scale industry.
1. It refers to the additional capital
2. De-licensing
3. Disinvestment required to generate additional output
4. Easing quantitative restrictions on in the economy.
imports 2. A higher value of ICOR represents
5. Allowing establishment of private sector higher efficiency of investment in the
banks, both Indian as well as foreign. economy.
Select the correct answer using the code Which of the statements given above is/are
given below. correct?
(a) 1 and 5 only (a) 1 only
(b) 2, 3 and 4 only (b) 2 only
(c) 1, 2, 4 and 5 only (c) Both 1 and 2
(d) 1, 2, 3, 4 and 5 (d) Neither 1 nor 2
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37. Consider the following statements, 40. With reference to Depository Receipt (DR),
regarding India's economic policy before consider the following statements:
1991 reforms: 1. It is a financial instrument issued by a
1. Private industries were allowed in every
company in its domestic market.
field but license was mandatory.
2. It is issued for tapping foreign investors
2. Large business houses required
permission from the government to who may not be able to participate
expand their business operations. directly in the domestic market.
3. Rate of taxation was kept minimum to 3. It is denominated in a foreign currency.
encourage faster growth. Which of the statements given above is/are
Which of the statements given above is/are correct?
not correct?
(a) 1 and 3 only
(a) 1 and 2 only
(b) 2 and 3 only
(b) 2 only
(c) 1 and 3 only (c) 2 only
(d) 1, 2, and 3 (d) 1, 2 and 3

38. Which of the following can be used to 41. Which of the following is/are characteristics
finance Current Account Deficit (CAD)? of a capitalist system of economy?
1. Sale of reserves of foreign currencies
1. Income equality
and securities
2. Production for profit
2. Payment of foreign transactions in gold
3. Minimal government intervention
3. External loans from IMF
Select the correct answer using the code Select the correct answer using the code
given below. given below.
(a) 1 and 2 only (a) 1 and 2 only
(b) 1 only (b) 2 and 3 only
(c) 2 and 3 only
(c) 3 only
(d) 1, 2 and 3
(d) 1, 2 and 3

39. Consider the following statements with

42. Which among the following countries is/are
reference to tariffs and quotas:
1. While tariffs directly impact the value of part of the Trans-Pacific Partnership (TPP)?
imports, quotas aim to curb the volume 1. India
of imports. 2. China
2. Both tariffs and quotas restrict imports 3. United States of America
and protect the domestic firm.
Select the correct answer using the code
Which of the above mentioned statements
given below.
is/are correct?
(a) 1 and 2 only
(a) 1 only
(b) 2 only (b) 1 and 3 only
(c) Both 1 and 2 (c) 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3
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43. Which among the following is/are part of 46. India has a Free Trade Agreement with
the Sustainable Development Goals (SDGs)? which of the following?
1. End poverty in all its forms everywhere 1. ASEAN
2. Achieve gender equality 2. MERCOSUR
3. Take urgent action to combat climate 3. European Union
change and its impacts Select the correct answer using the code
given below.
Select the correct answer using the code
(a) 1 and 2 only
given below.
(b) 2 only
(a) 1 and 2 only
(c) 1 and 3 only
(b) 2 and 3 only
(d) 1, 2 and 3
(c) 3 only
(d) 1, 2 and 3
47. With reference to the exchange rates,
consider the following statements:
44. Consider the following statements with 1. Under the fixed exchange rate, the
regard to power sector in India: central bank links the exchange rate to
1. The demand for power is growing at a another country's currency or to the
rate higher than the GDP growth rate. price of gold.
2. The power generation from coal is 2. Under the floating exchange rate, the
greater than all other sources of power currency price is set by the foreign
combined together. exchange market based on supply and
3. Non commercial energy consumption is demand.
higher than commercial energy Which of the statements given above is/are
correct?
consumption.
(a) 1 only
Which of the above statements is/are
(b) 2 only
correct?
(c) Both 1 and 2
(a) 1 and 3 only
(d) Neither 1 nor 2
(b) 1 and 2 only
(c) 3 only
48. With reference to rural credit in India,
(d) 1, 2 and 3 consider the following statements:
1. The share of non-institutional credit is
45. Which of the following statements related greater than the share of institutional
to the National Investment and credit for farmers in India.
Infrastructure Fund (NIIF) is/are correct? 2. Among the institutional credit agencies,
1. It aims at attracting both domestic and NABARD is the biggest contributor of
foreign investors. direct loan to farmers.
2. It focuses solely on greenfield 3. Ratio of agricultural credit to
infrastructure projects. agricultural GDP has increased in the
Select the correct answer using the code last decade.
Which of the statements given above is/are
given below.
correct?
(a) 1 only
(a) 1 only
(b) 2 only
(b) 1 and 2 only
(c) Both 1 and 2
(c) 3 only
(d) Neither 1 nor 2 (d) 2 and 3 only
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49. With reference to agriculture sector in India, 51. Which of the following pairs are correctly

consider the following statements: matched?

Type of good Example of
1. Among the all sectors in India,
good
agriculture employs maximum 1. Intermediate : Salt used by a
workforce. good housewife to
cook food.
2. Due to the shift from subsistence to
2. Durable : Scooter used
commercial agriculture, the average consumer good by a worker to
land holding has increased in India. travel from
office to home
3. The dependence of Indian farmers on
3. Capital good : Boat being
monsoon has come down since
used to
independence. transport
Which of the statements given above is/are goods across a
river.
correct?
4. Non-durable : Shoes used by
(a) 1 and 2 only consumer good a person for
(b) 1 and 3 only jogging.

(c) 2 only
Select the correct answer using the code
(d) 1, 2 and 3 given below.
(a) 1, 2 and 3 only
50. Consider the following statements with (b) 1 and 4 only

regard to Asian Development Bank (ADB): (c) 2, 3 and 4 only

(d) 1, 2, 3 and 4
1. It is a regional development bank

headquartered in Tokyo. 52. With reference to Agricultural Produce

2. The bank admits members from the Market Committee (APMC), consider the
following statements:
Asian Continent only.
1. It is a statutory market committee
3. It releases annual report of Creativity constituted by state government.
Productivity Index. 2. APMCs restrict the farmer from entering
into direct contract with any
Which of the statements given above is/are
manufacturer.
correct?
Which of the statements given above is/are
(a) 1 and 2 only correct?

(b) 2 and 3 only (a) 1 only

(b) 2 only
(c) 3 only
(c) Both 1 and 2
(d) 1 and 3 only (d) Neither 1 nor 2
10 www.visionias.in Vision IAS
53. With reference to the Competition 56. Which of the following statements is/are
Commission of India, consider the following correct regarding District Mineral
statements: Foundation (DMF)?
1. It aims to promote competition and 1. It is a non-profit organization working
ensure freedom of trade in the markets
for the interest and benefit of mining
of India.
companies and organizations.
2. It is a statutory body.
2. It has been established by Mines and
3. It works under the Ministry of
Commerce and Industry. Minerals (Development and Regulation)
Select the correct answer using the code Act 2015.
given below. Select the correct answer using the code
(a) 1 and 2 only given below.
(b) 1 and 3 only (a) 1 only
(c) 3 only (b) 2 only
(d) 1, 2 and 3 (c) Both 1 and 2
(d) Neither 1 nor 2
54. Which among the following is/are the
functions performed by the Securities and
57. Consider the following statements:
Exchange Board of India?
1. In a free trade agreement, the member
1. regulating the business in stock
exchanges countries maintain a common external
2. prohibiting insider trading in securities tariff for exports and imports from non-
3. promoting investors' education and members.
training of intermediaries of securities 2. A Customs Union is characterised by
markets free movement of factors of production
Select the correct answer using the code among member countries.
given below. Which of the statements given above is/are
(a) 1 only correct?
(b) 1 and 3 only
(a) 1 only
(c) 2 and 3 only
(b) 2 only
(d) 1, 2 and 3
(c) Both 1 and 2
(d) Neither 1 nor 2
55. Consider the following statements regarding
Rashtriya Gokul Mission:
1. It was launched during the 12th Five 58. With reference to Bitcoins, consider the
Year Plan. following statements:
2. It aims to conserve and develop 1. The value of the Bitcoins is based on a
indigenous cattle breeds in a scientific basket of currencies.
manner. 2. In India, only the entities approved by
3. It aims at cross breeding elite the Reserve Bank of India can transact
indigenous breeds with foreign breeds
in Bitcoins.
of cattle.
Which of the statements given above is/are
Which of the statements given above are
correct?
correct?
(a) 1 and 2 only (a) 1 only
(b) 1 and 3 only (b) 2 only
(c) 2 and 3 only (c) Both 1 and 2
(d) 1, 2 and 3 (d) Neither 1 nor 2
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59. Qualified Foreign Investors (QFIs) are 62. Which of the following factors can be
allowed to invest in which of the following attributed to growth of unemployment in
segments of the capital market? India?
1. Mutual Funds 1. Slow growth in agricultural and
2. Equities industrial productivity.
3. Corporate Debt 2. Slow expansion of manufacturing
Select the correct answer using the code
sector
given below.
3. Concentration of investment in capital
(a) 1 and 3 only
goods industry.
(b) 2 only
Select the correct answer using the code
(c) 2 and 3 only
given below.
(d) 1, 2 and 3
(a) 1 and 2 only
(b) 1 and 3 only
60. Which of the following statements is/are
(c) 2 and 3 only
correct with regard to organic farming?
1. Yields from organic farming are less (d) 1, 2 and 3
than modern agricultural farming during
the initial period. 63. Consider the following statements:
2. Organic produce may have a shorter 1. Only the companies having the
shelf life than sprayed produce. Navratna status are eligible for
3. Organic farming requires less labour obtaining Maharatna status.
input than conventional farming. 2. To be eligible for Miniratna status a
Select the correct answer using the code company should have profits
given below. continuously for three years.
(a) 2 and 3 only 3. Coal India Limited and Steel Authority of
(b) 3 only India Limited are Maharatna companies.
(c) 1 and 2 only
Which of the statements given above is/are
(d) 1, 2 and 3
correct?
(a) 1 and 2 only
61. Which of the following is/are the effects of
(b) 1 only
New Economic Policy 1991 on Indian
(c) 2 and 3 only
economy?
(d) 1, 2 and 3
1. Increase in foreign direct investment
and forex reserves.
2. Increase in public investment in 64. With reference to the economy, what does

agricultural infrastructure. the term unicorn club refer to?

3. Reduction in regional disparities. (a) It refers to the startups with valuation
Select the correct answer using the code greater than $1 billion.
given below. (b) It refers to the companies with presence
(a) 1 and 2 only in multiple sectors of economy.
(b) 1 only (c) It refers to countries with a growth rate
(c) 2 and 3 only greater than 10 per cent in an year.
(d) 1, 2 and 3 (d) None of the above
12 www.visionias.in Vision IAS
65. Which of the following is/are the 68. With reference to the Foreign Trade Policy
characteristics of "Hard currency" i.e, 2015-20, consider the following statements:
currency of a strong geo-political country 1. It aims to increase India's exports to
with stable economy?
US$900 billion by 2019-20.
1. Low liquidity
2. It has launched Merchandise Export
2. Free convertibility
from India Scheme to incentivise
3. Full convertibility
Select the correct answer using the codes exports by giving duty concessions.
given below. Which of the statements given above is/are
(a) 3 only correct?
(b) 1 and 2 only (a) 1 only
(c) 2 and 3 only (b) 2 only
(d) 1, 2 and 3
(c) Both 1 and 2
(d) Neither 1 nor 2
66. Indian economy has a potential to achieve a
growth rate of 8-10 per cent. Which among
the following reforms are necessary to 69. Spending under Corporate Social
achieve this potential? Responsibility (CSR) in India is applicable to
1. Addressing the exit problem faced by which of the following?
the companies 1. A branch of a foreign company
2. Investment in health and education operating in India
sectors 2. A branch of an Indian company
3. Reforms in agricultural sector.
operating overseas
Select the correct answer using the code
3. Central public sector undertakings
given below.
(a) 1 and 2 only Select the correct answer using the codes
(b) 1 only given below.
(c) 2 and 3 only (a) 1 only
(d) 1, 2 and 3 (b) 2 and 3 only
(c) 1 and 3 only
67. Consider the following pairs: (d) 1, 2 and 3
Type of subsidy Stated purpose
under WTO
70. Which among the following is/are part of
1. Green Box : Production limiting
Public Debt incurred by the central
subsidies
2. Amber Box : Trade distorting government?
subsidies and need to be 1. Internal Debt
curbed 2. External Debt
3. Blue Box : Not specific subsidies 3. Public Account Liabilities
and are non-actionable Select the correct answer using the code
Which of the above is/are correctly given below.
matched?
(a) 1 and 2 only
(a) 1 and 3 only
(b) 1 and 3 only
(b) 2 only
(c) 2 and 3 only (c) 2 only
(d) 1 and 2 only (d) 1, 2 and 3
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71. Which among the following statements 74. Which of the following steps have been
is/are correct about green bonds? taken up to promote renewable energy?
1. It is an equity instrument used to raise 1. Raising money through Infrastructure
Debt Funds to finance green projects
capital to fund green projects.
2. Inclusion of renewable energy in Priority
2. Private corporations cannot issue green
Sector lending
bonds. 3. Setting up of National clean energy fund
Select the correct answer using the code Select the correct answer using the code
given below. given below.
(a) 1 only (a) 1 and 2 only
(b) 1 and 3 only
(b) 2 only
(c) 2 and 3 only
(c) Both 1 and 2
(d) 1, 2 and 3
(d) Neither 1 nor 2

75. With reference to MUDRA (Micro Units

72. Which among the following schemes have Development and Refinance Agency) Bank,
been merged into Pradhan Mantri Krishi consider the following statements:
Sinchayee Yojana? 1. The funding to small entrepreneurs will
1. Accelerated Irrigation Benefit be disbursed through both banks and
non-banking financial institutions
Programme
(NBFCs).
2. Integrated Watershed Management 2. The bank will provide more than 50% of
Programme the loans to SC/ST entrepreneurs.
3. On Farm Water Management 3. MUDRA Bank is both financier and
Select the correct answer using the code regulator of Micro Finance Institutions
given below. (MFIs).
Which of the statements given above is/are
(a) 1 and 2 only
true?
(b) 2 only
(a) 1 only
(c) 1 and 3 only (b) 1 and 3 only
(d) 1, 2 and 3 (c) 2 only
(d) 1, 2 and 3
73. Which among the following correctly
defines the term viability gap funding? 76. Which among the following factors have led
to improved performance of Indian
(a) It is a grant focussed on improving the
economy despite the weak growth of global
skill set of the population to utilise the
economy recently?
demographic dividend. 1. Pursuing efforts to improve ease of
(b) It is a grant to help industrial projects to doing business
adopt environmental friendly 2. Liberalising foreign direct investment
technologies. 3. Improving financial inclusion
(c) It is a grant to support infrastructure Select the correct answer using the code
given below.
projects that are economically justified
(a) 1 and 2 only
but fall short of finances.
(b) 1 only
(d) It is a grant focussed on the upliftment (c) 2 and 3 only
of weaker sections of the society. (d) 1, 2 and 3
14 www.visionias.in Vision IAS
77. Which among the following steps can be 80. Which of the following can reduce the
taken to ensure sustainable use of water in deficit in Balance of Payments?
agricultural sector in India? 1. Reducing import custom duties
1. Reduced export of water intensive 2. Restrictive monetary policy
3. Appreciation of domestic currency
foodgrains
Select the correct answer using the code
2. Rationalisation of subsidies on power
given below.
for agriculture
(a) 1 and 3 only
3. Incentivize adoption of micro irrigation (b) 2 and 3 only
practices. (c) 2 only
Select the correct answer using the code (d) 1 and 2 only
given below.
(a) 1 and 2 only 81. Which of the following are part of World
(b) 1 only Bank Group of which India is also a
(c) 2 and 3 only member?
1. International Bank for Reconstruction
(d) 1, 2 and 3
and Development.
2. Multilateral Investment Guarantee
78. Which of the following is/are the
Agency.
components of Capital Account of Balance 3. International Development Association.
of Payments? 4. International Center for the Settlement
1. Foreign Direct Investment of Investment Disputes.
2. Foreign Institutional Investment Select the correct answer using the code
3. Deposits by NRIs given below.
Select the correct answer using the code (a) 1 and 3 only
given below. (b) 3 and 4 only
(c) 1, 2 and 3 only
(a) 1 only
(d) 1, 2 and 4 only
(b) 1 and 2 only
(c) 3 only
82. Consider the following statements with
(d) 1, 2 and 3
reference to Regional Comprehensive
Economic Partnership (RCEP)?
79. Which of the following were the areas of 1. It is a proposed economic partnership
focus under New Economic Policy 1991? between the 10 ASEAN members and its
1. Balance of payment six FTA partners.
2. Inflation 2. India is not of a member of RCEP.
3. International competitiveness 3. It will cover trade in goods, services,
Select the correct answer using the code investment and intellectual property.
Select the correct answer using the code
given below.
given below.
(a) 1 only
(a) 1 only
(b) 1 and 2 only
(b) 1 and 2 only
(c) 2 and 3 only
(c) 3 only
(d) 1, 2 and 3 (d) 1 and 3 only
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83. With reference to Five Year Plans in India, 86. With reference to Special Economic Zones,
consider the following statements: consider the following statements:
1. During the first five-year plan, maximum 1. It refers to a specially demarcated
expenditure was done on agriculture territory with tax holidays and
exemptions from duties for export and
sector.
import.
2. The twelfth five-year plan aims at both
2. A major objective of setting up a SEZ is
inclusive and sustainable growth.
to attract Foreign Direct Investment and
Which of the statements given above is/are earn foreign exchange.
correct? Which of the statements given above is/are
(a) 1 only correct?
(b) 2 only (a) 1 only
(c) Both 1 and 2 (b) 2 only
(d) Neither 1 nor 2 (c) Both 1 and 2
(d) Neither 1 nor 2
84. Rainbow revolution is a term used for
initiatives taken to increase production in 87. Which of the following is correct regarding a
Micro nation?
which of the following?
(a) It is a small sovereign nation completely
1. Edible oils
existing inside another nation and
2. Foodgrains
recognized by WTO.
3. Fruits (b) It is small islands recognized as
Select the correct answer using the code sovereign entities by WTO.
given below. (c) It is a physical or virtual entity with its
(a) 1 and 2 only own rules of business, though
(b) 1 and 3 only not officially recognized as sovereign.
(c) 3 only (d) It is a Special Economic Zone with
(d) 1, 2 and 3 complete tax exemptions within a
nation.

85. With reference to Minimum Support Price

88. Which of the following is/are correct
(MSP), consider the following statements:
regarding Special Drawing Rights (SDR)?
1. It is a market intervention by the
1. SDR is a hard currency issued by
government to protect farmers against International Monetary Fund (IMF).
any sharp fall in prices of agricultural 2. Allocation of SDR is made to member
produce. countries in proportion of their quotas
2. It is fixed on the basis of in IMF.
recommendations of Cabinet 3. The value of SDR is based on a basket of
Committee on Economic Affairs. currencies of US dollar, euro, yen and
Which of the statements given above is/are reminibi only.
correct? Select the correct answer using the code
given below.
(a) 1 only
(a) 1 and 3 only
(b) 2 only
(b) 2 only
(c) Both 1 and 2
(c) 1 and 2 only
(d) Neither 1 nor 2 (d) 1, 2 and 3
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89. Udyog Aadhar Memorandum (UAM) is a 92. Which of the following are the
scheme for: consequences of the policy of

(a) promoting financial inclusion among protectionism?

1. More choice for domestic consumers
MSME employees.
2. Higher cost of domestic goods
(b) promoting ease of doing business for
3. Helps domestic industries to compete
MSMEs. against foreign players.
(c) providing access to collateral free loans 4. Reduction in forex reserves of the
for SC/ST owned MSMEs. nation.
(d) allocating Aadhar Number for MSME Select the correct answer using the code
given below:
employees.
(a) 1 and 3 only
(b) 1 and 4 only
90. Which of the following is correct with
(c) 2 and 3 only
respect to the "convertibility of Indian
(d) 2 and 4 only
rupee"
(a) It is fully convertible on both capital and 93. Fall in the global prices of which of the
current account following goods could result into narrowing
(b) It is fully convertible on current account of trade deficit for India?
1. Gold
and partially on capital account
2. Crude oil
(c) It is partially convertible on both capital
3. Pulses
and current account
Select the correct answer using the code
(d) It is fully convertible on capital account given below.
and partially on current account (a) 1 and 2 only
(b) 1 only
91. Consider the following statements regarding (c) 2 and 3 only

Service Sector Employment. (d) 1, 2 and 3

1. The share of services in global

94. Consider the following statements regarding
employment has decreased in the past
Public Distribution System in India:
decade. 1. The central government is responsible
2. The percentage contribution of India's for distribution of food grains.
service sector to its GDP is greater than 2. The State governments hold the
that of China. responsibility for storage of food grains.

Which of the statements given above is/are 3. It distributes subsidized food items only.
Which of the statements given above is/are
correct?
correct?
(a) 1 only
(a) 1 and 3 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) None
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 95. In the context of Indian economy, which of 98. With reference to a socialist society,
the following constitute export of services? consider the following statements:
1. An Indian tourist visiting Mauritius. 1. The production of goods is based on the
2. Bharti Airtel setting up its operations in purchasing capacity of the people.
Africa. 2. The factors of production are owned by
3. An Indian IT company selling software both government and the private
to a Chinese firm. sector.
4. A Canadian national visiting India for 3. There is greater competition among
liver transplant. producers which results in increased
Select the correct answer using the code efficiency.
given below. Which of the statements given above is/are
(a) 1, 2, and 3 only correct?
(b) 4 only (a) 1 and 2 only
(c) 2, 3 and 4 only (b) 1 only
(d) 2 and 4 only (c) 2 and 3 only
(d) None
96. Which of the following is/are the
recommendations of 14th finance 99. Which among the following correctly
commission? defines the term dependency ratio?
1. Increasing the share of states in the (a) It is the ratio of population dependent
central divisible tax pool on the agricultural sector.
2. Replacement of FRBM act with Debt (b) It is the ratio of children below the age
Ceiling and Fiscal Responsibility of 15 and older persons above 65 years
legislation. to the working age population.
3. Remove the distinction between special (c) It is the ratio of the population below
and general category states for tax the poverty line.
devolution purposes. (d) It is the number of persons unemployed
Select the correct answer using the codes per thousand persons.
given below.
(a) 1 only
100. Consider the following statements with
(b) 1 and 2 only
respect to Real Exchange Rate:
(c) 2 and 3 only
1. It is calculated by adjusting the nominal
(d) 1, 2 and 3
exchange rate with purchasing power
parity between the two countries.
97. Which of the following is the most likely 2. If the real exchange rate rises above
impact of an increase in interest rates of
one, it means that goods at home have
bonds in India, if there is no restriction on
become more expensive than goods
buying of bonds by foreigners?
abroad.
(a) It will result in an appreciation of the
Which of the statements given above is/are
rupee.
correct?
(b) It will result in a depreciation of the
(a) 1 only
rupee.
(b) 2 only
(c) Exchange rates will remain unchanged.
(c) Both 1 and 2
(d) Rupee will depreciate initially and then
(d) Neither 1 nor 2v
appreciates.

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