1) GII stands for Gender Inequality Index and is composed of which dimensions among the following?
1) Reproductive Health
2) Empowerment
3) Labor Market Participation
4) Equality of opportunity
a. Only 1 and 2
b. Only 1, 2 and 3
c. Only 2, 3 and 4
d. All of the above
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Explanation
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ANSWER: Only 1, 2 and 3
Explanation:
The GII is a composite measure reflecting inequality in achievement between women and men in three dimensions: reproductive health, empowerment and the labor market. India ranks 127 out of 152 countries on GII.
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2) Which of the following statement / s is / are correct?
1) The APMC Act provides that first sale of produced agricultural commodities can be conducted only under the aegis of the APMC through the commission agents licensed by the APMCs set up under the Act.
2) Agriculture being in state list, the revenue earned by the APMCs goes to the State exchequer.
a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
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Explanation
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ANSWER: Only 1
Explanation:
Though the market fee is collected just like a tax, the revenue earned by the APMCs does not go to the State exchequer and hence does not require the approval of State legislature to utilize the funds so collected. Thus APMC operations are hidden from scrutiny.
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3) Which of the following is / are correct with regard to ‘Deendayal Upadhyaya Gram Jyoti Yojana’ (DDUGJY)?
1) Strengthening and augmentation of sub-transmission and distribution infrastructure in rural areas.
2) Metering in rural areas.
3) Only public sector distribution companies (discoms) are eligible for availing of financial support.
4) It will complement the existing ‘Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY)’.
a. 1, 2, 3
b. 1, 3, 4
c. 1, 2, 3, 4
d. 1 and 2
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Explanation
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ANSWER: 1 and 2
Explanation:
The existing ‘Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY)’ is subsumed under the DDUGJY. Under the new scheme all discoms including private sector discoms are eligible for availing of financial support.
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4) Which of the following statement / s is / are correct?
1. As per the Model APMC Act, the buyer doesn’t have to pay APMC charges if the produce is sold directly outside the APMC area and if no facility provided by the APMC is used.
2. Due to the freedom given to the buyer and the seller, there is resistance seen towards reforming APMCs on lines of the Model APMC Act among the states.
a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
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Explanation
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ANSWER: Only 2
Explanation:
The model APMC Act retains the mandatory requirement of the buyers having to pay APMC charges even when the produce is sold directly outside the APMC area, say, to the contract sponsors or in a market set up by private individuals even though no facility provided by the APMC is used.
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5) Provisions in the Model Agricultural Produce Market Committee (APMC) Act are
1) Provide for direct sale of farm produce to contract farming sponsors.
2) Permit private persons, farmers and consumers to establish new markets for agricultural produce in any area.
3) The owner of a private market does not have to pay APMC fees / taxes.
4) Provides for the creation of marketing infrastructure from the revenue earned by the APMC.
a. 1 and 2 only
b. 1, 2 and 3 only
c. 1, 2 and 4 only
d. All of the above
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Explanation
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ANSWER: 1, 2 and 4 only
Explanation:
The owner of the private market will have to collect the APMC fees / taxes, for and on behalf of the APMC.
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6) The recent structural shifts in the inflationary process in India causing a decline in inflation are caused by
1) Lower Crude oil prices
2) Decreasing Agriculture prices and wages
3) Reduced Inflation Expectations
4) Reduced Current Account Deficit
a. 1, 2 and 3
b. All of the above
c. 1, 2 and 4 only
d. 1, 2 and 3 only
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Explanation
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ANSWER: 1, 2 and 3
Explanation:
Structural shifts in the inflationary process are underway caused by lower oil prices, deceleration in agriculture prices and wages and inflationary expectations. These all have lead to a remarkable decline in inflation in just few months.
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7) Which country has been showing following trends
1) It has become one of the lenders of last resort to governments experiencing financial troubles.
2) It has also become one of the bigger providers of development assistance both bilaterally and plurilaterally.
3) It is assuming the roles of both an International Monetary Fund and a World Bank as a result of its foreign reserves.
a. USA
b. China
c. UK
d. India
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Explanation
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ANSWER: China
Explanation:
China’s abundant foreign reserves have highlighted this fact. Reserves provide a cushion against shocks, creating economic and financial resilience. But they also create geo-political influence. China, in its own heterodox and multiple ways, is assuming the roles of both an International Monetary Fund and a World Bank as a result of its foreign reserves.
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8) Which of the following commodities are covered under Essential Commodities Act, 1955
1) Textiles
2) Bakery products
3) Fertilizers
4) Coal
a. 3, 4
b. 1, 3, 4
c. 1, 2, 3
d. 1, 2, 3, 4
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Explanation
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ANSWER: 3, 4
Explanation:
The commodities covered under the EC Act generally are: drugs, fertilizers, and textiles and coal.
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9) The Shanta Kumar Committee is for
1) Suggesting how to restructure FCI.
2) Suggesting how to restructure the State APMC acts.
3) Suggesting how to reform public procurement, food storage and distribution.
4) Suggesting reorientation of the role and functions of CACP in MSP operations.
a. 1 and 2
b. 1 and 3
c. 2 and 4
d. 2 and 3
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ANSWER: 1 and 3
Explanation:
It is to suggest restructuring of FCI with a view to improve its operational efficiency and financial management. GoI also asked it to suggest measures for overall improvement in management of food grains by FCI; to suggest reorienting the role and functions of FCI in MSP operations, storage and distribution of food grains and food security systems of the country; and to suggest cost effective models for storage and movement of grains and integration of supply chain of food grains in the country.
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10) Underinvestment in Indian Railways has led to
1) Congestion
2) Strained Capacity
3) Poor Services
4) Weak financial health of railways
5) Below potential contribution to economic growth
a. 2, 3, 4, 5
b. 1, 2, 3, 4
c. 2, 3, 4
d. All of the Above
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Explanation
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ANSWER: All of the Above
Explanation:
This has effectively led to railways ceding significant share in passenger and especially freight traffic to the road sector. Conceptually, there is a strong case for channeling resources to transport infrastructure in India given the widely known spillover effects of transport networks to link markets, reduce a variety of costs, boost agglomeration economies, and improve the competitiveness of the economy, especially manufacturing which tends to be logistics-intensive.
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11) Arrange following commodities in decreasing order of their percentage share in India’s exports
1) Agriculture and allied Products
2) Petroleum Products
3) Transport equipment
4) Gems and Jewellery
5) Chemical and Related Products
a. 2 > 3 > 1 > 5 > 4
b. 2 > 3 > 4 > 5 > 1
c. 2 > 4 > 1 > 5 > 3
d. 3 > 2 > 1 > 4 > 5
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Explanation
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ANSWER: 2 > 4 > 1 > 5 > 3
Explanation:
India is one of the top exporters for petroleum products. Also, engineering goods form a considerable amount of exports. India being top producer of agricultural produce, agricultural products have risen in terms of their export (quantity and revenue earned wise). They have overtaken engineering goods.
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12) Arrange following commodities in decreasing order of their percentage share in India’s exports
1) Gold and Silver
2) Electronic Goods
3) Machinery
4) Crude Oil and Petroleum Products
5) Pearl, Precious and Semi-precious stones
a. 4>1>3>5>2
b. 4>1>3>2>5
c. 4>3>1>5>2
d. 1>4>5>3>2
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Explanation
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ANSWER: 4>1>3>2>5
Explanation:
India is known as absorber of Gold. Also, India imports pearls, precious and semi-precious stones and exports gems and jewellery (after value addition). Machinery is mostly imported for capital creation which fuels growth.
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13) Public Debt of India consists of internal debt and external debt. Internal debt comprises of
1) Market Loans
2) Treasury Bills
3) Post office savings deposits
4) Securities issued to international financial Institutions
a. 1, 2, and 4
b. 1, 2, and 3
c. 1, 3 and 4
d. All of the Above
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Explanation
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ANSWER: 1, 2, and 4
Explanation:
Internal Debt includes market loans, securities, treasury bills, etc. Post office savings, provident funds, etc are other liabilities of the government and not included in internal debt.
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14) The salient features of the Mines & Minerals (Development Regulations) (Amendment Ordinance 2015) include
1) Deterrents against illegal mining.
2) Auction for realization of fair value.
3) Relief to project-affected people / district
4) Discretion in grant of renewals, provisions for renewal of mining leases.
a. Only 1, 2 and 3
b. Only 1 and 2
c. Only 2 and 3
d. All of the above
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Explanation
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ANSWER: Only 1, 2 and 3
Explanation:
The objectives are (a) providing greater transparency in allotment by auctioning mining leases; (b) attracting private investment and high technology by promoting easy transferability; and (c) obtaining an increased share for the state governments. These aim at reducing discretion.
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15) The purposes of the Coal Mines Ordinances are
1) Provide for allocation of coal mines to steel, cement, and power utilities.
2) Ensure smooth transfer of rights, title, and interests in the mines / blocks and other associated mining infrastructure to the new allottees.
3) Cancellation of certain previously allotted Coal blocks.
a. Only 3
b. Only 1 and 2
c. Only 2 and 3
d. All of the above
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Explanation
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ANSWER: Only 1 and 2
Explanation:
The allocation to the coal blocks was cancelled by the Supreme Court and not the ordinance. The allocation of coal blocks would now be made in line with the provisions of the ordinances and rules made under them and the auction of coal blocks would be through an e-auction process in order to keep the process transparent.
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16) Factors causing moderation in inflation are
1) Decline in crude prices
2) Pumping currency in the economy
3) Stable Rupee.
4) Moderation in wage rate growth
a. 1 and 3
b. Only 2
c. 1, 3 and 4
d. 2, 3 and 4
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17) Measures taken by the Government to control inflation especially food inflation are
1) Allocation of additional rice to BPL APL families in states
2) Open Market Sales of Wheat
3) Moderation in increases in the MSPs
4) Bringing rice and wheat under the purview of the Essential Commodities Act, 1955 to deal with cartelization and hoarding.
a. 1, 2 and 3
b. Only 2
c. 1, 2 and 4
d. 1, 2, 3 and 4
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Explanation
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ANSWER: 1, 2 and 3
Explanation:
Bringing onions and potatoes under the purview of the Essential Commodities Act 1955, to deal with cartelization and hoarding.
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18) Which of the following statement / s is / are not correct?
1) Mechanization in agriculture is hindered by highly diverse agriculture with different soil and climatic zones.
2) A dedicated Sub-Mission on Agricultural Mechanization has been initiated in the Twelfth Plan, with focus on spreading farm mechanization to small and marginal farmers and regions that have low farm power availability.
a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
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Explanation
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ANSWER: None of the above
Explanation:
The main challenges to farm mechanization are, first, a highly diverse agriculture with different soil and climatic zones, requiring customized farm machinery and equipment and, second, largely small landholdings with limited resources.
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19) Which of the following statement / s is / are correct?
1) The Mission for Integrated Development of Horticulture (MIDH) has been operationalized by bringing all ongoing schemes on horticulture under a single umbrella.
2) MIDH focuses solely on creation of infrastructure for post-harvest management and marketing for all the horticulture schemes under it.
a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
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Explanation
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ANSWER: Only 1
Explanation:
Production and distribution of quality planting material, productivity improvement measures through protected cultivation, use of micro- irrigation, adoption of integrated pest management and integrated nutrient management along with creation of infrastructure for post-harvest management and marketing are focus areas of the MIDH.
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20) Arrange India’s following major services export in decreasing order of their share (in %)
1) Transport
2) Travel
3) Financial, Insurance and pension services
4) Computer Services
5) Other Business Services
a. 4 > 3 > 2 > 5 > 1
b. 5 > 4 > 3 > 2 > 1
c. 4 > 5 > 2 > 1 > 3
d. 3 > 5 > 1 > 4 > 2
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Explanation
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ANSWER: 4 > 5 > 2 > 1 > 3
Explanation:
India’s major services exports are computer services (45.8 per cent share); other business services (18.8 per cent share) [including professional and consulting services (10.2 per cent share), technical and trade-related services (7.8 per cent share) and R & D services (0.8 per cent share)]; travel (11.8 per cent share); transport (11.5 per cent share); and financial, insurance and pension services (5.8 per cent share).
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21) The government has announced several measures for boosting tourism like
1) Development of a global-scale Buddhist circuit
2) Cleaning of the Ganga
3) Ensuring safe drinking water
4) Easing of the Indian tourism visa regime through the execution of tourist visa on arrival enabled by electronic travel authorization (ETA).
a. Only 1 and 2
b. Only 1, 2 and 4
c. Only 1 and 4
d. All of the above
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Explanation
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ANSWER: Only 1, 2 and 4
Explanation:
In Budget 2014-15, the government announced several measures for boosting tourism like streamlining of some service tax bottlenecks and focused effort for the development of a global- scale Buddhist circuit and cleaning of the Ganga along with creation of world class amenities to enhance the spiritual experience along the holy river. Further, easing of the Indian tourism visa regime through the execution of tourist visa on arrival enabled by electronic travel authorization (ETA) for forty-three countries will provide a major boost to tourism.
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22) What are features of the Digital India Program?
1) Its an ambitious umbrella programme to prepare India for knowledge-based transformation.
2) Ensure broadband connectivity at village level.
3) Increase indigenous production of IT hardware and software.
4) People’s empowerment through availability of entitlements on the cloud, coupled with Aadhaar Authentication Platform.
a. Only 1, 2 and 4
b. Only 1 and 3
c. Both 1 and 2
d. All of the above
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Explanation
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ANSWER: All of the above
Explanation:
Recognizing the need for greater penetration of IT services domestically, in Budget 2014-15 Digital India has been envisioned as an ambitious umbrella program to prepare India for knowledge-based transformation. This would ensure broadband connectivity at village level, improved access to services through IT-enabled platforms, greater transparency in government processes and increased indigenous production of IT hardware and software.
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23) Which educational and technical schemes are correctly matched to their objectives?
1) USTTA ------------------ Upgrade capacity of traditional artisans / craftsmen of minority communities
2) MANAS ----------------- Upgrading entrepreneurial skills of minority youths.
3) Nai Roshni ------------- Education and skill development of dropouts
4) Nai Manzil ------------- Leadership training program for women
a. 1, 3 and 4 only
b. 3 and 4 only
c. 1 and 2 only
d. All of the above
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Explanation
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ANSWER: 1 and 2 only
Explanation:
New programmes that aim at bringing minorities into mainstream development include Nai Manzil for education and skill development of dropouts; USTTAD (Upgrading Skills and Training in Traditional Arts / Crafts for Development) to conserve traditional arts / crafts and build capacity of traditional artisans and craftsmen belonging to minority communities; Nai Roshni, a leadership training programme for women; and MANAS for upgrading entrepreneurial skills of minority youths..
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24) Which of the following statement / s is / are correct?
1) A National Rural Internet and Technology Mission for government service delivery has been started.
2) E-Kranti program has been started for services in villages and schools.
a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
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Explanation
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ANSWER: None of the above
Explanation:
A National Rural Internet and Technology Mission for services in villages and schools and E-Kranti for government service delivery are other initiatives..
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25) Top reasons for stalling projects across sectors are
1) Unfavorable market conditions.
2) Lack of non-environmental clearances
3) Lack of promoter interest
4) Fuel / feedstock / raw material supply problem.
a. 1 and 2 only
b. 1, 2 and 3 only
c. 1, 2 and 4 only
d. All of the above
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Explanation
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ANSWER: All of the above
Explanation:
The top reasons also include land acquisition problems.
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26) Which of the following statement / s is / are correct?
1) India’s total fertility rate (TFR) is now 2.2. The Millennium Development Goal (MDG) has a target of TFR 2.1.
2) While the MDG for maternal mortality ratio (MMR) is 140 per 100,000 live births; India is estimated to reach 141 by 2015.
a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
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27) The Padhe Bharat Badhe Bharat initiative is for
a. Adult Literacy
b. Creating a base for reading, writing, and math fluency
c. Increasing enrollment of students for secondary education.
d. Increase number of girl students in secondary and higher secondary.
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Explanation
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ANSWER: Creating a base for reading, writing, and math fluency
Explanation:
For it to be fruitful, it is critical that the local administration is fully involved and sensitized.
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28) Which of the following statement / s is / are correct?
1) There would be 100% deduction for contributions, other than by way of CSR contribution, to Swachh Bharat Kosh and Clean Ganga Fund.
2) Enabling provision to levy Swachh Bharat cess at a rate of 2% or less on all services.
3) Clean energy cess increased from Rs. 50 to Rs. 100 per metric tonne of coal, etc. to finance clean environment initiatives.
a. 1 and 3
b. Only 3
c. 1, 2, 3
d. Only 1
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Explanation
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ANSWER: Only 1
Explanation:
Enabling provision to levy Swachh Bharat cess at a rate of 2% or less on all or certain services, if need arises. Clean energy cess increased from Rs. 100 to Rs. 200 per metric tonne of coal ,etc. Services by common affluent treatment plant exempt from Service-tax.
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29) Which of the following conditions have given rise to the so called “balance sheet syndrome with Indian characteristics”?
1) Over-indebtedness of the Indian corporate sector
2) Policy Paralysis
3) PPP exposed public banks too corporate risks
4) Relatively high growth
5) High Inflation
a. 1, 2 and 5
b. 1, 2, 3 and 5
c. 1 and 2
d. All of the above
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30) What is G-33?
a. Group of 33 developing countries
b. Group of 33 countries included some developed countries
c. Group of 46 developing countries
d. Group of 53 Asian countries
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Explanation
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ANSWER: Group of 46 developing countries
Explanation:
The G33 is a group of developing countries that coordinate on trade and economic issues. It was created in order to help a group of countries that were all facing similar problems. The G33 has proposed special rules for developing countries at WTO negotiations, like allowing them to continue to restrict access to their agricultural markets. Despite the name, there are currently 46 member nations.
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31) Match the documents under provisions of the Fiscal Responsibility and Budget Management Act, 2003 as per their purposes –
A) Macro-economic framework ------------------------------------ i) explains how the current policies are in conformity with sound fiscal management principles and gives the rationale for any major deviation in key fiscal measures.
B) Fiscal Policy Strategy Statement ------------------------------- ii) contains an assessment of the growth prospects of the economy
C) Medium Term Fiscal Policy Statement ------------------------ iii) sets out three-year rolling targets for four specific fiscal indicators in relation to GDP at market prices
D) Medium Term Expenditure Framework Statement -------- iv) provide a closer integration between budget and the FRBM Statements.
a. A-i; B-ii; C-iii; D-iv
b. A-ii; B-i; C-iii; D-iv
c. A-i; B-iii; C-iv; D-ii
d. A-iv; B-iii; C-i; D-ii
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Explanation
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ANSWER: A-ii; B-i; C-iii; D-iv
Explanation:
Under provisions of the Fiscal Responsibility and Budget Management Act, 2003, documents in the List 1 are to be presented along with the Union Budget. Medium-term Expenditure Framework Statement is presented separately in the session next to the session in which Budget is presented, i.e. normally in the Monsoon Session.
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