5_6113915692799494412
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5_6113915692799494412
A
TEST BOOKLET
GENERAL STUDIES
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Q.1) Which of the following measures/actions as 'Saptarishi'. In this context which of the
by the government/RBI will most likely lead to following are part of ‘Saptarishi’?
an increase in Demand-Pull Inflation? 1. Inclusive Development
1. Increasing the salaries of government 2. Reaching the Last Mile
employees 3. Vocal for Local
2. Increasing the minimum support price 4. Unleashing the Potential
(MSP) 5. Youth Power
3. Increasing customs duty of raw materials 6. Free from discrimination
4. Reducing monetary policy interest rates Select the correct answer using the code given
Select the correct answer using the code given below.
below. a) 1, 2, 3 and 5 only
a) 1, 2 and 3 only b) 1, 3, 4 and 6 only
b) 1 and 4 only c) 1, 2, 4 and 5 only
c) 1, 2 and 4 only d) 1, 2, 3, 4, 5 and 6
d) 2, 3 and 4 only
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Q.7) Regarding the Annual Plans adopted in Q.10) The Black Sea, also known as the Euxine
India, which of following statements is Sea, is one of the major water bodies and a
incorrect? famous inland sea in the world located between
a) India resorted to annual planning just twice Eastern Europe and Western Asia. Which
in the history of economic planning after among the following countries share a border
independence. with the Black Sea?
b) The annual plans were called Plan Holidays 1. Georgia
during 1966 to 1969. 2. Turkey
c) The highest allocation during annual plans 3. Moldova
of 1966-1969 was made to industry and 4. Romania
minerals. 5. Bulgaria
d) The annual plans of 1990-1992 was due to Select the correct answer using the codes given
balance of payment crisis. below:
a) 1, 2 and 4 only
Q.8) Consider the following statements about b) 2, 3 and 5 only
International Bank of Reconstruction and c) 1, 2, 4 and 5 only
Development (IBRD): d) 1, 2, 3, 4 and 5
1. It was an outcome of the 1944 United
Nations Monetary and Financial Q.11) Which of the following were the key
Conference. features of the Mahalanobis Model of the Indian
2. It provides loans to middle-income Economy?
developing countries and creditworthy 1. Rapid industrialisation with a focus on heavy
lower-income countries. industries and capital goods.
3. The IBRD finances investments but does not 2. Launch of price wage policy to check the
provide technical assistance and expertise menace of inflation on the wage-earners.
for a project. 3. Focus on poverty reduction through
Which of the statements given above is/are Integrated Rural Development Program
correct? (IRDP).
a) 1 and 3 only Which of the statements given above is/are
b) 2 and 3 only correct?
c) 1 and 2 only a) 1 only
d) 1, 2 and 3 b) 2 only
c) 1 and 3 only
Q.9) Consider the following statements d) 1, 2 and 3
regarding Producer Price Index (PPI):
1. PPI measures the average change in prices Q.12) With reference to the World Bank &
received by the producer excluding indirect International Monetary Fund (IMF), consider
taxes. the following statements:
2. The PPI does not include the price of 1. While IMF aims at the expansion of
imported goods. international trade, the aim of World Bank is
3. Both goods as well as services are covered to reduce global poverty.
under PPI. 2. It is mandatory to be a member of World
Which of the statements given above are Bank to become eligible for loans by IMF.
correct? 3. While IMF lends to both member countries
a) 1 and 2 only and private sector, World Bank only lends to
b) 2 and 3 only the member countries.
c) 1 and 3 only Which of the statements given above is/are
d) 1, 2 and 3 correct?
a) 1 and 2 only
b) 2 and 3 only
c) 1 only
d) 1, 2 and 3
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Q.13) Consider the following statements Which of the statement(s) given above is/are
regarding provisions under the Industrial correct?
Policy Resolution, 1948: a) 1 only
1. It provided for mixed economy as the model b) 2 and 3 only
of Indian economic system. c) 1 and 3 only
2. It provided for the creation of District d) 1, 2 and 3
Industries Centers (DICs) to promote the
expansion of small and cottage industries. Q.16) Consider the following statements
3. It gave permission to the multinational regarding Stagflation:
corporations (MNCs) to set up subsidiaries
1. It denotes a price rise of a small group of
in the country. commodities over a sustained period of
Which of the statements given above is/are time.
correct? 2. It results in high inflation and
a) 1 only unemployment levels in the economy.
b) 1 and 2 only Which of the statements given above is/are
c) 2 and 3 only correct?
d) 1, 2 and 3 a) 1 only
b) 2 only
Q.14) Which of the following were the possible c) Both 1 and 2
reasons for India to opt for economic planning d) Neither 1 nor 2
after the independence?
1. Market mechanism alone would not have
Q.17) Consider the following statements:
been effective at the time to bring India out
1. Indian economy has become the 5th largest
of low-level equilibrium trap.
in the world in terms of nominal GDP.
2. There was lack of incentive for private
2. Per capita income of Indians has more than
sector to operate in social sector.
tripled in the last five years.
3. Economic planning in India was inspired by
3. India becomes 4th largest country in the
the success of planning and socialism in the
world in terms of Renewable Energy
Soviet Union.
installed capacity.
Select the correct answer using the code given
Which of the statements given above are
below:
correct?
a) 1 and 2 only
a) 1 and 2 only
b) 2 and 3 only
b) 2 and 3 only
c) 1 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
d) 1, 2 and 3
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Q.19) With reference to the Agriculture Which of the statements given above is/are
Accelerator Fund, consider the following correct?
statements: a) 1 and 2 only
1. It will encourage young entrepreneurs in b) 1 and 3 only
rural areas to set up Agri-startups. c) 3 only
2. It aims to open Model agricultural colleges d) 1, 2 and 3
throughout the country.
3. It mainly focuses on increasing the Q.23) Consider the following statements with
production of millets. respect to the impact of inflation:
Which of the statements given above is/are 1. Increase in inflation can lead to depreciation
correct? in the value of Indian rupee.
a) 1 only 2. Rise in inflation rate will likely increase
b) 1 and 3 only borrowing costs for businesses.
c) 2 and 3 only 3. A decline in inflation leads to an increase in
d) 1, 2 and 3 the savings rate.
4. Inflation may lead to a significant decrease
Q.20) Recently, the term ‘friendshoring, was in value of assets with adjustable cash flows.
seen in the news. Which among the following Which of the statements given above are
options best describe its meaning? correct?
a) Relocating business operations to countries a) 2 and 3 only
with low risk of disruption from political b) 1, 3 and 4 only
chaos. c) 1, 2 and 3 only
b) Relocating a sport even to a nearby country d) 2 and 4 only
in the hope of higher viewership.
c) Transfer of income to another country in Q.24) Consider the following statements
order to avoid taxation. regarding the 12th Ministerial Conference of the
d) Storing of data inside the boundaries of World Trade Organization (WTO):
country where the data is generated 1. An agreement on curtailing harmful fishing
subsidies was agreed.
Q.21) Which among the following options 2. An agreement to temporarily waive
correctly describes the term ‘Inflationary Gap’? Intellectual Property Patents on Covid-19
a) The difference between the current real Vaccines could not be reached.
GDP and the GDP of an economy operating Which of the statements given above is/are
at full employment. correct?
b) An economic cycle characterized by slow a) 1 only
b) 2 only
growth and a high unemployment rate
c) Both 1 and 2
accompanied by inflation. d) Neither 1 nor 2
c) Measure of the changes in prices for all the
goods and services produced in an Q.25) Which of the following options best
economy. describes the term ‘Gram Manchitra’, recently
d) The overall change in consumer prices over seen in news?
time, based upon a representative basket of a) It is a national map, showing the
goods and services. geographical locations of all the gram
panchayats of the country on a single
Q.22) Consider the following statements with platform.
reference to the New Development Bank (NDB): b) It is a geo spatial based app used to develop
1. Only BRICS countries can be members of and monitor developmental activities on
the New Development Bank. real time basis for Panchayats.
2. It does not provide funds for projects in the c) It is a satellite-based app for monitoring
private sector. green cover in gram panchayats.
3. Recently, the NDB announced to set up its d) It is a geo tagging technique for marking
regional office in GIFT city (Gujarat), India. villages in gram panchayats.
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Q.26) With reference to the Network for 1. It aims to provide the particularly vulnerable
Greening the Financial System, consider the tribal groups (PVTGs) habitations with basic
following statements: facilities such as safe housing, and clean
1. It is a group of central banks that aims to drinking water.
mobilize capital for low-carbon 2. PVTGs are the subgroups of the Tribal
investments. Communities, which are least developed
2. The Reserve Bank of India has joined it as a among the tribal communities.
member. Which of the above given statements 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
Q.30) Consider the following statements
Q.27) With reference to the Organization for regarding India-UN Development Partnership
Economic Cooperation and Development Fund:
(OECD), consider the following statements: 1. The fund is established as a dedicated
1. India is one of the founding members of the facility under the United Nations
OECD. Framework Convention on Climate Change.
2. ‘World Employment and Social outlook’ is a 2. The fund is created to provide support for
report published by the OECD. achieving zero carbon emissions in
3. The OECD’s Base Erosion and Profit Shifting developing countries by 2050.
(BEPS) framework seeks to reform 3. The fund contributes to the financial
international tax rules to avoid tax evasion. resources as well as technical knowledge to
Which of the above statements is/are correct? support partner Governments in achieving
a) 2 and 3 only the Sustainable Development Goals.
b) 1 and 3 only Which of the statements given above is/are
c) 3 only correct?
d) 1, 2 and 3 a) 3 only
b) 1 and 2 only
Q.28) Consider the following statements c) 2 and 3 only
regarding the National Digital Library of India: d) 1, 2 and 3
1. It is initiated under the National Mission on
Education through Information and Q.31) Consider the following statements
Communication Technology. regarding the Asian Development Bank (ADB):
2. Budget 2023-24 has proposed to start a 1. It assists its members by providing loans,
National Digital Library for children and technical assistance, grants, and equity
adolescents. investments.
3. Its objective is to integrate all the existing 2. It is dedicated to reducing poverty in Asia
digitized and digital contents across and the Pacific through various
educational institutions of the nation. programmes.
Which of the statements given above is/are 3. Non - Asian countries can’t be the member
correct? of ADB.
a) 2 only 4. India’s shareholding in ADB is greater than
b) 1 and 3 only that of China.
c) 1 and 2 only Which of the above given statements is/are
d) 1, 2 and 3 correct?
a) 1, 2 and 3 only
Q.29) Consider the following statements b) 2, 3 and 4 only
regarding the PM PVTG Development Mission: c) 1 and 2 only
d) 1, 2, 3 and 4
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Q.32) With reference to differences between 1. The Framework applies to all Sovereign
Disinflation and Deflation, consider the Green Bonds issued by the Government of
following statements: India.
1. Deflation means a fall in prices of 2. Investors do not bear any project related
commodities, while disinflation means a risks in bonds issued under this Framework.
slowdown in the rate of inflation. 3. Expenditure related to Nuclear Power
2. Deflation will always lead to a decrease in Generation projects is eligible for using the
the value of money whereas disinflation will proceeds raised from Sovereign Green
always lead to an increase in the value of Bonds.
money. 4. The Green Financing Working Committee
3. Compared to disinflation, deflation is good (GFWC) is the body constituted to validate
for the financial markets. key decisions on issuance of Sovereign
Which of the statements given above is/are Green Bonds.
correct? Select the correct answer using the code given
a) 1 only below:
b) 2 and 3 only a) 1 and 4 only
c) 1 and 2 only b) 1 and 3 only
d) 1 and 3 only c) 1, 2 and 4 only
d) 1, 2, 3 and 4
Q.33) With reference to ‘Unity Mall’ mentioned
in budget 2023-24, consider the following Q.36) Union Budget 2023-24 refer to a term
statements: ‘Shree Anna’. Which of the following options
1. It will be set up in all the districts of India. best explains the term Shree Anna?
2. Unity Malls will be set up exclusively for the a) It calls for reducing the wastage of food.
promotion and sale of products which have b) It is used in reference to millets or coarse
got a Geographical Indication tag. grains.
Which of the statements given above is/are c) It is used in reference to the importance of
correct? pulses.
a) 1 only d) It is a scheme to provide free cereals to all
b) 2 only citizens.
c) Both 1 and 2
d) Neither 1 nor 2 Q.37) Government is implementing many
programmes for green fuel, green energy,
Q.34) With reference to iGOT Karmayogi, green farming, green mobility, green buildings,
consider the following statements: and green equipment, and policies for efficient
1. It is a comprehensive online platform to use of energy across various economic sectors.
guide individual civil service officials. Which of the following initiatives have been
2. It is only for newly recruited civil servants. started to achieve Green Growth according to
3. Competency hub is one of the key hubs in the Union Budget 2023?
the iGOT platform. 1. MISHTI Initiative
Which of the statements given above is/are 2. PM PRANAM Scheme
correct? 3. Amrit Dharohar
a) 2 and 3 only 4. Bharat SHRI
b) 1 and 3 only Select the correct answer using the code given
c) 1 only below.
d) 1, 2 and 3 a) 1 and 3 only
b) 3 and 4 only
Q.35) Recently the Union Finance Minister c) 1, 2 and 3 only
approved the Sovereign Green Bonds d) 2, 3 and 4 only
Framework. In this context, which of the
following statements are correct?
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Q.38) With reference to Lab Grown Diamonds Q.41) With reference to the Bank for
(LGD), consider the following statements: International Settlements (BIS), consider the
1. LGDs don’t need to undergo similar following statements:
processes of polishing and cutting like 1. It aims to promote global monetary and
natural diamond. financial stability through the coordination
2. Pure synthetic diamonds have high thermal of global central banks.
conductivity, but negligible electrical 2. The BIS is an autonomous institution that
conductivity. functions under the International Monetary
3. LGDs are environment friendly. Fund.
Which of the statements given above is/are Which of the statements given above is/are
correct? correct?
a) 1 and 3 only a) 1 only
b) 2 and 3 only b) 2 only
c) 1 and 2 only c) Both 1 and 2
d) 1, 2 and 3 d) Neither 1 nor 2
Q.39) With reference to the Financial Action Q.42) With reference to recent trends in
Task Force (FATF), consider the following inflation as par Economic Survey 2022-23,
statements: consider the following statements:
1. It works to prevent funding to weapons of 1. The Headline WPI Inflation and CPI-C
mass destruction. Inflation have never converged in the last
2. It prepares three lists sometimes referred to two years.
as – Black, Grey and White, to distinguish 2. Retail inflation was mainly driven by higher
the countries based on performance. food inflation in 2022-23.
3. A country entering the Black List may face 3. Most of the States and UTs have witnessed
sanctions from other countries. higher rural inflation than urban inflation in
Which of the statements given above is/are 2022-23.
correct? Which of the statements given above is/are
a) 1 only correct?
b) 1 and 3 only a) 1 and 2 only
c) 2 and 3 only b) 2 and 3 only
d) 1, 2 and 3 c) 1 and 3 only
d) 1, 2 and 3
Q.40) Consider the following statements with
reference to BIS Hallmark: Q.43) With reference to Pharmaceutical Drugs
1. Hallmarking is the accurate determination in India, which of the following statements
and official recording of the proportionate is/are correct?
content of precious metal in precious metal 1. Ceiling prices for some drugs have been
articles. fixed by National Pharmaceuticals Pricing
2. BIS Hallmark is done for precious items Authority.
made of Gold, Silver, Diamond and Platinum. 2. Drug Price Control Order (DPCO) usually
3. At present, there is no charge to get a BIS follows a cost-based pricing mechanism.
Hallmark on gold jewellery. 3. All the drugs marketed in the country are
Which of the statements given above is/are under price control.
correct? Select the correct answer using the code given
a) 1 and 2 only below.
b) 1 only a) 1 only
c) 1 and 3 only b) 2 only
d) 2 and 3 only c) 1 and 2 only
d) 1 and 3 only
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Q.44) Which of the following measures by the Q.47) Consider the following statements
government will help in containing inflation in regarding various socio-economic welfare
Food Commodities? measures provided in budget 2023-24:
1. Imposing stock limits to avoid hoarding. 1. Outlay for MGNREGA has been increased
2. Increasing import duties on import of food significantly compared to previous year.
commodities 2. The Aspirational Blocks Programme has
3. Banning future and option contract trading been extended to all the blocks in the
in agricultural commodities country.
Choose the correct answer using code given 3. The budgeted expenditure on health has
below: reached the target of 2.5 per cent set by the
a) 1 and 2 only National Health Policy.
b) 1 and 3 only 4. Now under PM Garib Kalyan Anna Yojana, all
c) 2 and 3 only Antyodaya and priority households will
d) 1, 2 and 3 receive free food grains.
Which of the statements given above is/are
correct?
Q.45) Consider the following statements about
Critical Information Infrastructure (CII), which a) 2 and 4 only
was recently seen in news: b) 1, 3 and 4 only
1. It is a computer resource, whose c) 4 only
destruction may impact the national d) 1 and 2 only
security, economy, public health or safety of
a country or organisation. Q.48) Which of the following items are included
2. Centre for Development of Advanced in calculation of both Consumer price index
Computing (C-DAC) is the nodal agency for (CPI) and Wholesale price index (WPI) in India?
taking all measures to protect the nation’s 1. Fuel items
critical information infrastructure. 2. Electricity
3. Recently, certain database related to the 3. Transportation Services
Census and the National Population 4. Educational Services
Register (NPR) has been declared as CII. 5. Food items
Which of the statements given above is/are Choose the correct answer using the code
correct? given below:
a) 1 and 2 only a) 1, 2 and 5 only
b) 2 and 3 only b) 1,2, 3 and 5 only
c) 1 and 3 only c) 2,3 and 4 only
d) 1, 2 and 3 d) 2, 4 and 5 only
Q.46) Which of the following statements are Q.49) With reference to the Non-Accelerating
correct with respect to All India House Price Inflation Rate of Unemployment (NAIRU),
Index? which of the following statements is correct?
1. It is published by the Reserve Bank of India. a) It is the highest level of unemployment rate
2. The base year for price calculations under that can be sustained without causing
this index is 1986-87. growth in wages.
3. The index is released for all the state capital b) When unemployment is at NAIRU level, rate
cities of India. of inflation will be constant.
Choose the correct answer from the code given c) It reflects the level of disguised
below: unemployment in the country.
a) 1 only d) It is always calculated by adjusting the
b) 3 only inflation rate to the GDP of the economy.
c) 1 and 2 only
d) 1 and 3 only
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