Indian Economy Prelims Mock Test 1 (UPSC PSC and other exams)
Indian Economy Prelims Mock Test 1
✅ MCQ 1
Which of the following is/are pillars of Sustainable Development?
1️⃣ Economic Growth
2️⃣ Social Inclusion
3️⃣ Environmental Protection
4️⃣ Fiscal Deficit Reduction
🔘 a) 1, 2 and 3 only
🔘 b) 2 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 1 and 3 only
✅ MCQ 2
Consider the following regarding Public Sector Enterprises (PSEs):
1️⃣ They were initially set up to control commanding heights of the economy.
2️⃣ Post-1991, private sector participation has been encouraged even in strategic sectors.
3️⃣ Disinvestment aims to enhance efficiency and competitiveness.
Which of the above statements is/are correct?
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 3
Which of the following are instruments of monetary policy?
1️⃣ Repo Rate
2️⃣ Statutory Liquidity Ratio (SLR)
3️⃣ Credit Rationing
4️⃣ Minimum Support Price (MSP)
🔘 a) 1, 2 and 3 only
🔘 b) 2 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 1 and 3 only
✅ MCQ 4
Which of the following are part of India’s Balance of Payments (BoP)?
1️⃣ Current Account
2️⃣ Capital Account
3️⃣ Financial Account
4️⃣ Consolidated Fund of India
🔘 a) 1, 2 and 3 only
🔘 b) 2 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 1 and 3 only
✅ MCQ 5
Which of the following is true about Minimum Support Price (MSP)?
1️⃣ MSP is announced before sowing seasons.
2️⃣ It covers all crops grown in India.
3️⃣ It ensures a floor price to farmers.
4️⃣ The recommendation is given by NITI Aayog.
🔘 a) 1, 3 and 4 only
🔘 b) 1 and 3 only
🔘 c) 1, 2, 3 and 4
🔘 d) 2 and 3 only
✅ MCQ 6
Which of the following best describes the objective of Atmanirbhar Bharat Abhiyan?
1️⃣ Boosting domestic manufacturing.
2️⃣ Reducing dependence on imports.
3️⃣ Enhancing self-reliance in critical sectors.
4️⃣ Providing universal healthcare coverage.
🔘 a) 1, 2 and 3 only
🔘 b) 2 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 1 and 3 only
✅ MCQ 7
Which of the following schemes provide direct income support to farmers?
1️⃣ PM Kisan Samman Nidhi
2️⃣ PM Garib Kalyan Anna Yojana
3️⃣ PM Fasal Bima Yojana
4️⃣ MGNREGA
🔘 a) 1 only
🔘 b) 1 and 3 only
🔘 c) 1, 3 and 4 only
🔘 d) 2, 3 and 4 only
✅ MCQ 8
Which of the following are quantitative instruments of monetary policy?
1️⃣ Repo Rate
2️⃣ Open Market Operations (OMO)
3️⃣ Credit Rationing
4️⃣ Cash Reserve Ratio (CRR)
🔘 a) 1, 2 and 4 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2, 3 and 4
✅ MCQ 9
The National Infrastructure Pipeline (NIP) focuses on which sectors?
1️⃣ Energy
2️⃣ Transport
3️⃣ Social Infrastructure
4️⃣ Direct Cash Transfers
🔘 a) 1, 2 and 3 only
🔘 b) 2 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 1 and 3 only
✅ MCQ 10
Which of the following is a component of the Current Account in India’s Balance of Payments (BoP)?
1️⃣ Remittances
2️⃣ FDI inflows
3️⃣ Imports of goods
4️⃣ Portfolio investments
🔘 a) 1 and 3 only
🔘 b) 2 and 4 only
🔘 c) 1, 2 and 3 only
🔘 d) 1, 3 and 4 only
✅ MCQ 11
Which scheme promotes portable access to food rations across states for migrant workers?
1️⃣ PM Garib Kalyan Anna Yojana
2️⃣ One Nation One Ration Card (ONORC)
3️⃣ POSHAN Abhiyaan
4️⃣ Pradhan Mantri Kisan Samman Nidhi
🔘 a) 2 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 4 only
✅ MCQ 12
Which of the following are goals of Fiscal Policy?
1️⃣ Price Stability
2️⃣ Income Redistribution
3️⃣ Promoting Exports
4️⃣ Controlling Population Growth
🔘 a) 1, 2 and 3 only
🔘 b) 2 only
🔘 c) 1, 2 and 4 only
🔘 d) 1, 2, 3 and 4
✅ MCQ 13
Which committee recommended the expenditure-based poverty line for India?
1️⃣ Rangarajan Committee
2️⃣ Arvind Subramanian Committee
3️⃣ Tendulkar Committee
4️⃣ Kelkar Committee
🔘 a) 1 only
🔘 b) 3 only
🔘 c) 1 and 3 only
🔘 d) 2 and 4 only
✅ MCQ 14
Which of the following correctly defines the role of the Monetary Policy Committee (MPC)?
1️⃣ It sets India’s fiscal deficit target.
2️⃣ It decides the repo rate.
3️⃣ It is chaired by the RBI Governor.
4️⃣ It includes external members appointed by the Government.
🔘 a) 1, 2 and 3 only
🔘 b) 2, 3 and 4 only
🔘 c) 1 and 4 only
🔘 d) 1, 2, 3 and 4
✅ MCQ 15
The Atal Pension Yojana (APY) is aimed at:
1️⃣ Workers in the organised sector.
2️⃣ Providing guaranteed pensions after 60 years.
3️⃣ Offering both government and private contributions.
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 16
Which of the following are features of the Goods and Services Tax (GST)?
1️⃣ Dual structure with Central and State GST.
2️⃣ Replaces multiple indirect taxes.
3️⃣ Applies only to goods, not services.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 17
Which of the following is true about Special Economic Zones (SEZs)?
1️⃣ SEZs enjoy tax exemptions and simplified regulations.
2️⃣ SEZ units must primarily export their output.
3️⃣ SEZs are confined to manufacturing sectors only.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 and 3 only
✅ MCQ 18
Which of the following correctly defines fiscal deficit?
1️⃣ Total expenditure minus total receipts.
2️⃣ Total expenditure minus tax revenue.
3️⃣ Total expenditure minus revenue receipts and non-debt capital receipts.
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 3 only
🔘 d) 1 and 3 only
✅ MCQ 19
Which scheme provides health insurance cover of ₹5 lakh per family per year for secondary and tertiary care?
1️⃣ Ayushman Bharat (PM-JAY)
2️⃣ PM Matru Vandana Yojana
3️⃣ Stand-Up India
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 20
Which of the following principles guide India’s sustainable development policy?
1️⃣ Precautionary Principle
2️⃣ Polluter Pays Principle
3️⃣ Carbon Intensity Principle
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 21
Under PM Fasal Bima Yojana (PMFBY), farmers are insured against:
1️⃣ Crop failure due to drought.
2️⃣ Damage due to post-harvest cyclone.
3️⃣ Low market prices for crops.
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 1 and 3 only
✅ MCQ 22
The Perform, Achieve, Trade (PAT) scheme relates to:
1️⃣ Energy efficiency in industries.
2️⃣ Trading of energy-saving certificates.
3️⃣ Carbon trading in the agriculture sector.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 23
Which of the following sectors is covered under the Production Linked Incentive (PLI) Scheme?
1️⃣ Pharmaceuticals
2️⃣ Electronics
3️⃣ Renewable Energy Components
4️⃣ Legal Services
🔘 a) 1, 2 and 3 only
🔘 b) 2 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 1 and 3 only
✅ MCQ 24
Which of the following elements are part of India’s Public Distribution System (PDS)?
1️⃣ Procurement of food grains at MSP
2️⃣ Storage by Food Corporation of India (FCI)
3️⃣ Distribution through fair price shops
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 25
Which of the following are functions of the RBI?
1️⃣ Issuing currency
2️⃣ Regulating cooperative banks
3️⃣ Managing foreign exchange reserves
4️⃣ Setting Minimum Support Prices (MSP)
🔘 a) 1, 2 and 3 only
🔘 b) 1, 3 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 2 and 4 only
✅ MCQ 26
The One District One Product (ODOP) initiative aims to:
1️⃣ Identify and promote one unique product per district.
2️⃣ Integrate local products into global value chains.
3️⃣ Provide direct income support to artisans.
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 27
Which of the following initiatives promote micro-irrigation in India?
1️⃣ PM Fasal Bima Yojana
2️⃣ PM Krishi Sinchayee Yojana
3️⃣ National Food Security Mission
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 28
Which of the following are pillars of Atmanirbhar Bharat Abhiyan?
1️⃣ Economy
2️⃣ Infrastructure
3️⃣ Defence exports
4️⃣ Governance reforms
🔘 a) 1, 2 and 3 only
🔘 b) 1, 2 and 4 only
🔘 c) 2, 3 and 4 only
🔘 d) 1, 2, 3 and 4
✅ MCQ 29
The Aspirational Districts Programme (ADP) focuses on improving:
1️⃣ Health and Nutrition
2️⃣ Education
3️⃣ Financial Inclusion
4️⃣ Military Infrastructure
🔘 a) 1, 2 and 3 only
🔘 b) 1, 2 and 4 only
🔘 c) 2 and 4 only
🔘 d) 1, 2, 3 and 4
✅ MCQ 30
Which of the following describes Viability Gap Funding (VGF)?
1️⃣ Government grants to make infrastructure projects viable.
2️⃣ Applicable only to rural road projects.
3️⃣ Focused on public-private partnerships (PPPs).
🔘 a) 1 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 31
The National Solar Mission is part of:
1️⃣ Make in India
2️⃣ National Action Plan on Climate Change (NAPCC)
3️⃣ Atmanirbhar Bharat
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 32
Which of the following are part of India’s Green Finance mechanisms?
1️⃣ Green Bonds
2️⃣ Renewable Energy Certificates
3️⃣ Carbon Taxes
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 33
The Hybrid Annuity Model (HAM) is used in:
1️⃣ National Highway projects
2️⃣ Urban sanitation projects
3️⃣ Port development projects
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 34
Which of the following are objectives of the National Food Security Act (NFSA), 2013?
1️⃣ Provide legal entitlement to subsidised food grains.
2️⃣ Ensure food and nutritional security.
3️⃣ Provide direct income support to farmers.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 35
Under the Monetary Policy Framework Agreement (2016), India adopted:
1️⃣ Inflation Targeting.
2️⃣ Repo Rate as the anchor instrument.
3️⃣ Flexible exchange rate targeting.
🔘 a) 1 and 2 only
🔘 b) 1 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 36
Which of the following sectors is covered under the Priority Sector Lending (PSL) norms?
1️⃣ Agriculture
2️⃣ MSMEs
3️⃣ Renewable Energy
🔘 a) 1 and 2 only
🔘 b) 2 only
🔘 c) 1, 2 and 3
🔘 d) 1 and 3 only
✅ MCQ 37
Which of the following correctly describes Direct Benefit Transfer (DBT)?
1️⃣ It transfers subsidies directly to beneficiaries’ bank accounts.
2️⃣ It is used for food, fertilizer, and LPG subsidies.
3️⃣ It eliminates intermediaries to reduce leakages.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 38
Which of the following correctly describes the FRBM Act, 2003?
1️⃣ It imposes fiscal deficit and revenue deficit targets.
2️⃣ It mandates greater transparency in public finances.
3️⃣ It covers both central and state governments.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 and 3 only
✅ MCQ 39
Which scheme aims to promote financial inclusion by providing basic banking services to all households?
1️⃣ PM Jan Dhan Yojana
2️⃣ Stand-Up India
3️⃣ PM Kisan Samman Nidhi
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 40
The Make in India program focuses on which of the following sectors?
1️⃣ Defence Manufacturing
2️⃣ Textiles
3️⃣ IT Services
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 41
Which committee recommended the Goods and Services Tax (GST) in India?
1️⃣ Vijay Kelkar Committee
2️⃣ N K Singh Committee
3️⃣ Rangarajan Committee
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 42
Which of the following are components of the Green India Mission?
1️⃣ Afforestation
2️⃣ Enhancing forest-based livelihoods
3️⃣ Promoting sustainable agriculture
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 43
The Monetary Policy Committee (MPC) is responsible for:
1️⃣ Setting the Repo Rate.
2️⃣ Determining the Fiscal Deficit Target.
3️⃣ Achieving the Inflation Target.
🔘 a) 1 and 3 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 44
Which of the following correctly describes the Hybrid Annuity Model (HAM) used in infrastructure development?
1️⃣ Private players receive part payment upfront.
2️⃣ Government makes periodic annuity payments.
3️⃣ Full toll collection rights are given to the private player.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 45
The JAM Trinity refers to:
1️⃣ Jan Dhan Yojana
2️⃣ Aadhaar
3️⃣ Mudra Loans
🔘 a) 1 and 2 only
🔘 b) 1, 2 and 3
🔘 c) 1 only
🔘 d) 1 and 3 only
✅ MCQ 46
Which of the following is correct about the FRBM Act, 2003?
1️⃣ It aims to reduce fiscal deficit.
2️⃣ It promotes transparency in public finance.
3️⃣ It sets limits on public borrowing.
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 47
Which of the following correctly describes MSMEs under the revised classification (2020)?
1️⃣ Investment in plant and machinery is considered.
2️⃣ Turnover is considered.
3️⃣ Employment generation is a criterion.
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 48
The Stand-Up India Scheme primarily supports:
1️⃣ SC/ST entrepreneurs
2️⃣ Women entrepreneurs
3️⃣ Urban infrastructure development
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 49
Which of the following are part of the National Action Plan on Climate Change (NAPCC)?
1️⃣ National Solar Mission
2️⃣ National Mission for Enhanced Energy Efficiency
3️⃣ National Mission on Urban Mobility
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 50
Which of the following schemes offers health insurance coverage of ₹5 lakh per family per year?
1️⃣ Pradhan Mantri Jeevan Jyoti Bima Yojana
2️⃣ Ayushman Bharat (PM-JAY)
3️⃣ PM Garib Kalyan Yojana
🔘 a) 2 only
🔘 b) 1 and 2 only
🔘 c) 1 and 3 only
🔘 d) 2 and 3 only
✅ MCQ 51
Which of the following sectors is covered under the Production Linked Incentive (PLI) Scheme?
1️⃣ Pharmaceuticals
2️⃣ Textiles
3️⃣ Defence Manufacturing
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 52
Which of the following schemes promotes affordable housing for urban and rural poor?
1️⃣ PM Awas Yojana
2️⃣ Smart Cities Mission
3️⃣ HRIDAY (Heritage City Development)
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 53
Which of the following programs supports port-led development in India?
1️⃣ Bharatmala
2️⃣ Sagarmala
3️⃣ Gati Shakti
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 54
Which of the following is true about the Minimum Support Price (MSP) system in India?
1️⃣ MSP is declared by the RBI.
2️⃣ MSP covers 23 crops.
3️⃣ The Commission for Agricultural Costs and Prices (CACP) recommends MSP.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 55
The One Nation One Ration Card (ONORC) scheme aims to:
1️⃣ Allow portability of PDS benefits across states.
2️⃣ Reduce duplication in beneficiary lists.
3️⃣ Provide free ration to all urban poor.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 56
The Foreign Trade Policy (FTP) 2023-28 aims to:
1️⃣ Promote e-commerce exports.
2️⃣ Shift from incentive-based schemes to remission-based schemes.
3️⃣ Enhance focus on green product exports.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 57
Which of the following statements about PM Kisan Samman Nidhi is correct?
1️⃣ It provides ₹6,000 per year directly to farmers.
2️⃣ It is applicable to all farmers, including large landholders.
3️⃣ Payments are made in three equal instalments.
🔘 a) 1 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 58
Which of the following best describes Perform, Achieve, Trade (PAT)?
1️⃣ It promotes industrial energy efficiency.
2️⃣ It allows trading of energy-saving certificates.
3️⃣ It mandates renewable energy generation by industries.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 59
Which of the following are features of the National Infrastructure Pipeline (NIP)?
1️⃣ Covers both economic and social infrastructure.
2️⃣ Emphasizes Public-Private Partnerships (PPP).
3️⃣ Covers projects only in urban areas.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 60
Which of the following are components of India’s Balance of Payments (BoP)?
1️⃣ Current Account
2️⃣ Capital Account
3️⃣ Contingency Fund of India
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 61
The National Solar Mission is part of:
1️⃣ Make in India
2️⃣ National Action Plan on Climate Change (NAPCC)
3️⃣ Swachh Bharat Mission
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 62
Which of the following sectors contribute to India’s exports significantly?
1️⃣ IT and ITES
2️⃣ Pharmaceuticals
3️⃣ Gems and Jewellery
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 63
Which of the following are part of the Monetary Policy Framework Agreement (2016)?
1️⃣ Flexible Inflation Targeting
2️⃣ Setting Inflation Target at 4% ± 2%
3️⃣ Use of Repo Rate as the primary tool
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 64
The Aspirational Districts Programme focuses on which of the following sectors?
1️⃣ Health and Nutrition
2️⃣ Education
3️⃣ Basic Infrastructure
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 65
Which of the following are goals of PM Gati Shakti?
1️⃣ Multimodal connectivity infrastructure
2️⃣ Reduce logistics costs
3️⃣ Enhance export competitiveness
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 66
Which of the following is true about Special Economic Zones (SEZs)?
1️⃣ SEZs primarily promote export-oriented industries.
2️⃣ SEZ units enjoy tax exemptions.
3️⃣ SEZs can only be set up by the government.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 67
The Tendulkar Committee is associated with:
1️⃣ Poverty Estimation
2️⃣ Monetary Policy Reforms
3️⃣ Disinvestment Policy
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 68
Which scheme provides collateral-free credit to MSMEs?
1️⃣ Credit Guarantee Scheme (CGTMSE)
2️⃣ Stand-Up India
3️⃣ PM Garib Kalyan Yojana
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 69
Which of the following components are part of the Current Account in India’s Balance of Payments (BoP)?
1️⃣ Remittances
2️⃣ Imports and Exports of Goods
3️⃣ Foreign Direct Investment (FDI)
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 70
Which of the following are covered under MSP?
1️⃣ Wheat
2️⃣ Rice
3️⃣ Milk
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 71
Which of the following initiatives promotes district-specific products for export promotion?
1️⃣ One District One Product (ODOP)
2️⃣ Make in India
3️⃣ Digital India
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 72
Which of the following correctly describes RoDTEP?
1️⃣ It refunds embedded taxes and duties in exported products.
2️⃣ It replaces the MEIS scheme.
3️⃣ It is an incentive-based scheme directly rewarding exporters.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 73
Which of the following contributes significantly to India’s services exports?
1️⃣ IT and ITES
2️⃣ Tourism
3️⃣ Healthcare Services
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1, 2 and 3
🔘 d) 2 and 3 only
✅ MCQ 74
Which of the following correctly describes the Export Promotion Capital Goods (EPCG) Scheme?
1️⃣ Allows duty-free import of capital goods for export production.
2️⃣ Imposes export obligation to offset duty exemption.
3️⃣ Applicable only to agriculture exports.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 75
Which of the following contribute to India’s Current Account Deficit (CAD)?
1️⃣ High crude oil imports.
2️⃣ Inflow of remittances.
3️⃣ Increased imports of electronics.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 76
Which committee recommended inflation targeting for India?
1️⃣ N K Singh Committee
2️⃣ Urjit Patel Committee
3️⃣ Raghuram Rajan Committee
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 77
Which of the following are pillars of Atmanirbhar Bharat Abhiyan?
1️⃣ Economy
2️⃣ Infrastructure
3️⃣ Human Resource Development
4️⃣ Systems driven by technology
🔘 a) 1, 2 and 3 only
🔘 b) 1, 2 and 4 only
🔘 c) 1, 2, 3 and 4
🔘 d) 1 and 2 only
✅ MCQ 78
Which scheme promotes cluster development for MSMEs?
1️⃣ SFURTI
2️⃣ Stand-Up India
3️⃣ PM Jan Dhan Yojana
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 79
Which of the following correctly defines Fiscal Deficit?
1️⃣ Total expenditure minus total receipts (excluding borrowings).
2️⃣ Difference between revenue receipts and revenue expenditure.
3️⃣ Difference between non-debt capital receipts and fiscal expenditure.
🔘 a) 1 only
🔘 b) 1 and 3 only
🔘 c) 2 only
🔘 d) 1, 2 and 3
✅ MCQ 80
Which of the following is true about Viability Gap Funding (VGF)?
1️⃣ It supports infrastructure projects under Public-Private Partnerships (PPPs).
2️⃣ It covers projects with high economic but low financial returns.
3️⃣ It is offered only in urban projects.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 81
Which of the following are objectives of the National Solar Mission?
1️⃣ Achieve 100 GW solar capacity.
2️⃣ Promote solar manufacturing.
3️⃣ Provide subsidies for residential solar rooftops.
🔘 a) 1 and 2 only
🔘 b) 1, 2 and 3
🔘 c) 2 and 3 only
🔘 d) 1 only
✅ MCQ 82
Which of the following contribute significantly to India’s services exports?
1️⃣ Software and IT Services
2️⃣ Medical Tourism
3️⃣ Financial Services
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 83
Which of the following factors influence India’s exchange rate?
1️⃣ Trade deficit
2️⃣ Foreign portfolio investments (FPI)
3️⃣ Crude oil prices
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 84
Which of the following is true about the National Food Security Act (NFSA), 2013?
1️⃣ It covers all households in India.
2️⃣ It provides subsidised food grains to targeted beneficiaries.
3️⃣ It legally entitles food security.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 85
Which of the following is a qualitative instrument of monetary policy?
1️⃣ Repo Rate
2️⃣ Credit Rationing
3️⃣ Open Market Operations
🔘 a) 1 and 2 only
🔘 b) 2 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 86
Which scheme aims to ensure housing for all?
1️⃣ PM Awas Yojana (PMAY)
2️⃣ HRIDAY
3️⃣ Smart Cities Mission
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 1 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 87
The RBI’s role as a Debt Manager includes:
1️⃣ Issuing government bonds.
2️⃣ Managing public debt.
3️⃣ Setting fiscal deficit targets.
🔘 a) 1 and 2 only
🔘 b) 1, 2 and 3
🔘 c) 2 and 3 only
🔘 d) 1 only
✅ MCQ 88
Which of the following promotes district-specific product development and exports?
1️⃣ Make in India
2️⃣ One District One Product (ODOP)
3️⃣ Digital India
🔘 a) 1 only
🔘 b) 2 only
🔘 c) 1 and 2 only
🔘 d) 2 and 3 only
✅ MCQ 89
Which of the following are covered under Priority Sector Lending (PSL)?
1️⃣ Agriculture
2️⃣ Renewable Energy
3️⃣ Defence Manufacturing
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 90
Which of the following statements is correct about PM Fasal Bima Yojana (PMFBY)?
1️⃣ It covers post-harvest losses due to cyclones.
2️⃣ It has a uniform premium rate for all crops.
3️⃣ Compensation is directly transferred to farmers’ accounts.
🔘 a) 1 and 3 only
🔘 b) 2 only
🔘 c) 1, 2 and 3
🔘 d) 1 and 2 only
✅ MCQ 91
Which of the following best describes RoDTEP Scheme?
1️⃣ Provides direct cash incentives to exporters.
2️⃣ Refunds embedded taxes and duties.
3️⃣ Targets only agricultural exports.
🔘 a) 2 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 92
The National Solar Mission aims to:
1️⃣ Achieve 100 GW solar capacity.
2️⃣ Promote domestic solar manufacturing.
3️⃣ Provide off-grid solar solutions in rural areas.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 93
Which scheme offers collateral-free loans to MSMEs?
1️⃣ PMEGP
2️⃣ Credit Guarantee Scheme (CGTMSE)
3️⃣ MUDRA Yojana
🔘 a) 1 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 2 only
✅ MCQ 94
Which of the following are objectives of the Stand-Up India Scheme?
1️⃣ Promote entrepreneurship among SC/ST and women entrepreneurs.
2️⃣ Provide collateral-free loans for large infrastructure projects.
3️⃣ Support greenfield enterprises in manufacturing, services, or trading sectors.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 95
The Bharatmala Pariyojana focuses on:
1️⃣ Development of economic corridors.
2️⃣ Enhancing port connectivity.
3️⃣ Promoting inland water transport.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 96
Which of the following schemes supports farmers with direct income support?
1️⃣ PM Kisan Samman Nidhi
2️⃣ PM Fasal Bima Yojana
3️⃣ Kisan Credit Card
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 97
The Perform, Achieve, Trade (PAT) scheme primarily targets:
1️⃣ Energy-intensive industries.
2️⃣ Small-scale cottage industries.
3️⃣ Agricultural water conservation.
🔘 a) 1 only
🔘 b) 1 and 2 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 98
The Multidimensional Poverty Index (MPI) considers which of the following dimensions?
1️⃣ Health
2️⃣ Education
3️⃣ Standard of Living
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
✅ MCQ 99
The National Infrastructure Pipeline (NIP) aims to:
1️⃣ Mobilize private investments in infrastructure.
2️⃣ Cover economic and social infrastructure.
3️⃣ Provide targeted cash transfers to construction workers.
🔘 a) 1 and 2 only
🔘 b) 1 and 3 only
🔘 c) 2 and 3 only
🔘 d) 1, 2 and 3
✅ MCQ 100
Which of the following are benefits of Direct Benefit Transfer (DBT)?
1️⃣ Reduces leakages.
2️⃣ Promotes financial inclusion.
3️⃣ Allows anonymous delivery of subsidies.
🔘 a) 1 and 2 only
🔘 b) 2 and 3 only
🔘 c) 1, 2 and 3
🔘 d) 1 only
