Latest Economics Questions for IAS Prelims - Set 1
1. Consider the following statements1. GDR is a certificate issued by a depository bank, which purchases shares of foreign companies and deposits it on the account.
2. GDRs enable a company, the issuer, to access investors in capital markets outside of its home country.
3. Regulatory and other agencies suspect that GDR route is being used for bringing back suspected illicit funds stashed abroad.
Which of the above statements are correct? a) 1,2
b) 1,2,3
c) 2,3
d) 1,3
View Answer / Hide AnswerANSWER: b
Explanation: GDR is a popular financial instrument used by listed companies in India, as also in many other countries, to raise funds denominated mostly in US dollar or euros. GDRs are typically bank certificates issued in more than one country for shares of a company, which are held by a foreign branch of an international bank.
1. Project Panchdeep, a unique health-care administration program aimed at automating health-care services to over 6 crore beneficiaries spread across the country.
2. Infosys partnered with government for implementation of this project
Which of the above statements are not true?a) Only 1
b) Only 2
c) Both
d) Neither
View Answer / Hide AnswerANSWER: a
Explanation: The Center is implementing a Rs 1,900 crore e-governance project to automate transactions vis-a-vis the Employees State Insurance Corporation (ESIC).Under the project, named 'Panchdeep', a massive Enterprise Resource Planning (ERP) would be installed across the country. Wipro provided IT solution for project Panchdeep.
1. “Dhan Sangam” was seminar for banker was arranged by the Finance Ministry
2. S.S.Mundra Committee was set up for governance in banks.
Which of the above statements are not true? a) Only 1
b) Only 2
c) Both
d) Neither
View Answer / Hide AnswerANSWER: c
Explanation: Gyan Sangam was seminar for banker was arranged by the Finance Ministry while P.J.Nayak Commitee was set up for governance in banks.
1. Transfer of government shares in PSB to to Bank investment Company (BIC) so BIC will become Holding company and PSB banks became BIC’s subsidiary companies.
2. Until BIC is formed Committee recommended formation of Bank Board Bureau
Which of the above statements are true? a) Only 1
b) Only 2
c) Both
d) Neither
View Answer / Hide Answer5. Which government introduced smart-card for unorganized sector workers?a) Gujarat
b) Maharashtra
c) Bihar
d) Delhi
View Answer / Hide AnswerANSWER: a
Explanation: Gujarat government has “U-Win” Smart-card for unorganized sector workers so they can get benefit of all Government schemes. Modi planning to implement same on all India- notification awaited.
a) Kedarnath
b) Badrinath
c) Dwarka
d) Gangotri
View Answer / Hide AnswerANSWER: c
Explanation: “Char-dham” project to build a New national highways connecting the four shrines of Kedarnath, Badrinath, Gangotri, and Yamunotri in Uttarakhand.
a) Puri
b) Agra
c) Patana
d) Amravati
View Answer / Hide AnswerANSWER: c
Explanation: Varanasi , Amritsar, Warangal(Telangana), Ajmer, Gaya, Mathura, Kanchipuram and Vellankini both in Tamil Nadu, Amaravati(AP) Badami, Dwaraka(Gujarat) and Puri are included in HRIDAY Scheme.
a) 2008-09
b) 2010-11
c) 2011-12
d) 2007-08
View Answer / Hide AnswerANSWER: c
Explanation: India’s GDP was calculated with base year 2004-05. Base year changed to 2011-12. Subsequently 2012’13’s GDP growth rate is increased from ~4.7%to ~7%.
1. The Mangala Area is a major oil field located in the Indian State of Rajasthan.
2. Cairn India is the operator of the field, a subsidiary of Cairn Energy.
Which of the above statements are correct? a) Only 1
b) Only 2
c) Both
d) Neither
View Answer / Hide Answer10. Consider the following statements1. The newly constituted National Highway Infrastructure Development Corporation Limited, which is mandated to develop 10,000 km of roads in the country with a special focus on North-East, will award the first highway project in Meghalaya
2. The company is mandated to build 10,000 km of roads in the North-East (Assam, Meghalaya, Manipur, Nagaland, Mizoram, Tripura and Arunachal Pradesh) and Uttarakhand.
Which of the above statements are correct? a) Only 1
b) Only 2
c) Both
d) Neither
View Answer / Hide Answer11. Consider the following statements1. The Reserve Bank of India and the European Central Bank have signed a memorandum of understanding for cooperation in the area of central banking.
2. The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Banco Central do Brasil (BCB) .
Which of the above statements are true? a) Only 1
b) Only 2
c) Both
d) Neither
View Answer / Hide Answer
