In the context of Indian economy, consider the following statements: (2011)
1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?

With reference to the Indian economy after the 1991 economic liberalisation, consider the following statements: (2020)
1. Worker productivity (Rs. per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.
2. The percentage share of rural areas in the workforce steadily increased.
3. In rural areas, the growth in the non-farm economy increased.
4. The growth rate in rural employment decreased.
Which of the statements given above is/are correct?

With reference to India's Five-Year Plans, which of the following statements is/are correct? (2019)
1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.
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Which of the following has/have occurred in India after its liberalisation of economic policies in 1991? (2017)
1. Share of agriculture in GDP increased enormously.
2. Share of India's exports in world trade increased.
3. FDI inflows increased.
4. India's foreign exchange reserves increased enormously.
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The main objective of the 12th Five-Year Plan is: (2014)

Which of the following can be said to be essentially the parts of 'Inclusive Governance'? (2012)
1. Permitting the Non-Banking Financial Companies to do banking.
2. Establishing effective District Planning Committees in all the districts.
3. Increasing government spending on public health.
4. Strengthening the Mid-day Meal Scheme.
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Which of the following factors/policies were affecting the price of rice in India in the recent past? (2020)
1. Minimum Support Price
2. Government's trading
3. Government's stockpiling
4. Consumer subsidies
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With reference to chemical fertilisers in India, consider the following statements: (2020)
1. At present, the retail price of chemical fertilisers is market-driven and not administered by the Government.
2. Ammonia, which is an input of urea, is produced from natural gas.
3. Sulphur, which is a raw material for phosphoric acid fertilizer, is a by-product of oil refineries.
Which of the statements given above is/are correct?

In India, which of the following can be considered as public investment in agriculture? (2020)
1. Fixing Minimum Support Price for agricultural produce of all crops.
2. Computerization of Primary Agricultural Credit Societies.
3. Social Capital development.
4. Free electricity supply to farmers.
5. Waiver of agricultural loans by the banking system
6. Setting up cold storage facilities by the governments.
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Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes? (2020)
1. Working capital for maintenance of farm assets
2. Purchase of combine harvesters, tractors and mini trucks.
3. Consumption requirements of farm households
4. Post-harvest expense
5. Construction of a family house and setting up a village cold storage facility.
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Consider the following statements: (2020)
1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.
2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.
Which of the statements given above is/are correct?

The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus: (2019)

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years? (2019)

With reference to land reforms in independent India, which one of the following statements is correct? (2019)

Among the following, which one is the largest exporter of rice in the world in the last five years? (2019)

Consider the following statements: (2018)
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 the imported edible oils as a special case.
Which of the statements given above is/are correct?

Consider the following: (2018)
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?

What is/are the advantage/advantages of implementing the 'National Agriculture Market' scheme? (2017)
1. It is a pan-India electronic trading portal for agricultural commodities.
2. It provides the farmers access to nationwide markets, with prices commensurate with the quality of their produce.
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Which of the following is/are the advantage/advantages of practicing drip irrigation? (2016)
1. Reduction in weed
2. Reduction in soil salinity
3. Reduction in soil erosion
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The Fair and Remunerative Price (FRP) of sugarcane is approved by the: (2015)

In India, markets in agricultural products are regulated under the (2015)

Consider the following statements: (2015)
1. The Accelerated Irrigation Benefits Programme was launched during 1996-97 to provide loan assistance to poor farmers.
2. The Command Area Development Programme was launched in 1974-75 for the development of water-use efficiency.
Which of the statements given above is/are correct?

The substitution of steel for wooden ploughs in agricultural production is an example of (2015)

Which one of the following best describes the main objective of 'Seed Village Concept'? (2015)

The term 'West Texas Intermediate', sometimes found in news, refers to a grade of (2020)

With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct? (2020)
1. Quantitative restrictions on imports by foreign investors are prohibited.
2. They apply to investment measures related to trade in both goods and services.
3. They are not concerned with the regulation of foreign investment.
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Consider the following statements: (2019)
1. Coal sector was nationalised by the Government of India under Indira Gandhi.
2. Now, coal blocks are allocated on lottery basis.
3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal products.
Which of the statements given above is/are correct?

Which one of the following is the purpose of 'UDAY', a scheme of the Government? (2016)

What is/are the purpose/purposes of 'District Mineral Foundations' in India? (2016)
1. Promoting mineral exploration activities in mineral-rich districts
2. Protecting the interests of the persons affected by mining operations
3. Authorizing State Governments to issue licenses for mineral exploration
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What is/are the recent policy initiative(s) of Government of India to promote the growth of the manufacturing sector? (2012)
1. Setting up of National Investment and Manufacturing Zones.
2. Providing the benefit of 'single window clearance'.
3. Establishing the Technology Acquisition and Development Fund.
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In India, in the overall index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following are among those Eight Core industries? (2012)
1. Cement 2. Fertilizer
3. Natural Gas 4. Refinery products
5. Textiles
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Despite having large reserves of coal, why does India import millions of tons of coal? (2012)
1. It is the policy of India to save its own coal reserves for the future, and import it from other countries for the present use.
2. Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.
3. Steel companies need a large quantity of coking coal which has to be imported.
Which of the statements given above is/are correct?

Which one of the following is likely to be the most inflationary in its effects? (2021)

Which of the following steps is most likely to be taken at the time of an economic recession? (2021)

With reference to the Indian economy, demand-pull inflation can be caused/increased by which of the following? (2021)
1. Expansionary policies
2. Fiscal stimulus
3. Inflation-indexing wages
4. Higher purchasing power
5. Rising interest rates
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Consider the following statements: (2020)
1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI).
2. The WPI does not capture changes in the prices of services, which CPI does.
3. The Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.
Which of the statements given above is/are correct?

With reference to inflation in India, which of the following statements is correct? (2015)

Consider the following statements: (2013)
1. Inflation benefits the debtors.
2. Inflation benefits the bond-holders.
Which of the statements given above is/are correct?

Which one of the following is likely to be the most inflationary in its effect? (2013)

India has experienced persistent and high food inflation in the recent past. What could be the reasons? (2011)
1. Due to a gradual switchover to the cultivation of commercial crops, the area Under cultivation of food grains has steadily decreased in the last five years by about 30%.
2. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change.
3. The food supply chain has structural constraints.
Which of the statements given above are correct?

Consider the following statements: (2021)
Other things remaining unchanged, market demand for a good might increase if
1. price of its substitute increases
2. price of its complement increases
3. the good is an inferior good and the income of the consumer increases
4. its price falls
Which of the above statements are correct?

"Gold Tranche" (Reserve Tranche) refers to: (2020)

With reference to the Indian economy, consider the following statements: (2020)
1. 'Commercial Paper' is a short-term unsecured promissory note.
2. 'Certificate of Deposit' is a long-term instrument issued by the Reserve Bank of India to a corporation.
3. 'Call Money' is a short term finance used for interbank transactions.
4. 'Zero-Coupon Bonds are the interest-bearing short term bonds issued by the Scheduled Commercial Banks to corporations.
Which of the statements given above is/are correct?

With reference to 'Bitcoins', sometimes seen in the news, which of the following statements is/are correct? (2016)
1. Bitcoins are tracked by the Central Banks of the countries.
2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address.
3. Online payments can be sent without either side knowing the identity of the other.
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What is/are the purpose/purposes of the Government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'? (2016)
1. To bring the idle gold lying with Indian households into the economy.
2. To promote FDI in the gold and jewellery sector
3. To reduce India's dependence on gold imports.
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What does venture capital mean ? (2014)

A rise in the general level of prices may be caused by: (2013)
1. An increase in the money supply
2. A decrease in the aggregate level of output
3. An increase in the effective demand
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Which of the following measures would result in an increase in the money supply in the economy? (2012)
1. Purchase of government securities from the public by the Central Bank.
2. Deposit of currency in commercial banks by the public.
3. Borrowing by the government from the Central Bank.
4. Sale of government securities to the public by the Central Bank.
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Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)? (2011)
1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
2. The Government no longer intends to retain the management control of the CPSEs.
Which of the statements given above is/are correct?

With what purpose is the Government of India promoting the concept of "Mega Food Parks"? (2011)
1. To provide good infrastructure facilities for the food processing industry.
2. To increase the processing of perishable items and reduce wastage.
3. To provide emerging and eco-friendly food processing technologies to entrepreneurs.
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With reference to the Indian economy, consider the following statements: (2022)
1. If the inflation is too high, the Reserve Bank of India (RBI) is likely to buy government securities.
2. If the rupee is rapidly depreciating, RBI is likely to sell dollars in the market.
3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars.
Which of the statements given above are correct?

Consider the following statements: (2022)
1. In India, credit rating agencies are regulated by the Reserve Bank of India.
2. The rating agency popularly known as ICRA is a public limited company.
3. Brickwork Ratings is an Indian credit rating agency.
Which of the statements given above are correct?

With reference to the Banks Board Bureau (BBB)', which of the following statements are correct? (2022)
1. The Governor of RBI is the Chairman of BBB.
2. BBB recommends for the selection of heads for Public Sector Banks.
3. BBB helps the Public Sector Banks in developing strategies and capital raising plans.
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In India, which one of the following is responsible for maintaining price stability by controlling inflation? (2022)

Consider the following statements: (2021)
1. The Governor of the Reserve bank of India (RBI) is appointed by the Central Government.
2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest.
3. The Governor of the RBI draws his power from the RBI Act.
Which of the above statements are correct?

With reference to 'Urban Cooperative banks' in India consider the following statements: (2021)
1. They are supervised and regulated by local boards set up by the State Governments.
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.
Which of the statements given above is/are correct?

In India, the central bank's function as the 'lender of last resort' usually refers to which of the following? (2021)
1. Lending to trade and industry bodies when they fail to borrow from other sources
2. Providing liquidity to the banks having a temporary crisis
3. Lending to governments to finance budgetary deficits
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If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India? (2020)
1. Not depending on short-term foreign borrowings
2. Opening up to more foreign banks
3. Maintaining full capital account convertibility
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If you withdraw Rs. 1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be: (2020)