Question 1

Consider the Following Statements:

Statement 1: The India-UK Free Trade Agreement (FTA) Enchesive Market Access for Goods Across all sectors, covering all of India’s export interests.

Statement 2: India will be benefit from tariff elimination on approximately 99 per cent

Which one of the following is corret in Respect of the Above statement?

(a) Both statement 1 and statement 2 is correct and statement 2 is the correct explanation for statement 1.

(b) Both Statement 1 and Statement 2 are correct and statement 2 is not the correct explanation for statement 1.

(c) Statement 1 is correct but statement 2 is incorrect.

(D) Statement 1 is incorrect but statement 2 is correct.

Explanation

-At the India-Uk Trade Deal Signing Ceremony, Prime Minister Narendra Modi Said the Agreement Wolld India’s Textile, Gem and Jewellry Sectors, And Msmes, While Helping India Access Modical Devic. And Aircraft Parts at affordable prices. He said the deal, signed after year of effort, is not mely an economic partnership but also a bluePrint for shared prosperity.

-India has finally opened its doors to high-end british cars and whisky, albeit in a phased manner. The India-Uk Free Trade Agreement (FTA) Enures Comparative Market Access for Goods Across All Sectors, Covering All of India Exort Interests. Hence, Statement 1 is Correct.

– India will be benefit from Tariff Elimination on Approximately 99 Per cent of Tariff Lines, Covering Nearly 100 per cent To India’s Commerce and Industry Ministry. Hence, Statement 2 is Correct.

Both Statement 1 and Statement 2 is corret and statement 2 is the correct explanation for statement 1.

Therefore, option (a) is the correct answer.

Question 2

With reference to the new railway lines and their connectivity to Respective States, consider the following pairs:

1. Bairabi-Sairang Line-Mizoram

2. Sivok-Rangpo Line-Sikkim

3. Dimapur-Kohima Line-Arunachal Predesh

How many of the pairs give about are correct?

(a) Only one

(b) Only two

(c) all three

(d) none

Explanation

– The Indian Railways has incurred losses hard over Rs 200 croore in the last five years due to the relaxes impact

– the Bairabi-Saarang Line, which connects Mizoram’s Capital Aizawl for the first timeis set to be operating, some of the key on the keying projects in the northeast are the Dimapur-kohima new line (dhansiri-zubza) to connect nagaland’s capital kohimaThe Murkongselek-Pasighat New Line, The Sivok-rangpo new line to connect sikkim to the national network for the first time and the jiribam-immphal new line. Hence, pairs 1 and 2 are corret and pair 3 is not correctly matched.

Therefore, option (b) is the correct answer.

Question 3

With reference to the repo rate, consider the following statements:

1. When the RBI Wants to Encourage Economic Activity in the Economy, it increases the repo rats.

2. The interest rate the central bank pays commercial banks when they park their except cash is called the repo rate.

3. When the RBI Wants to Control Inflation, it decreases the repo rate.

How many of the statements give above are correct?

(a) Only one

(b) Only two

(c) all three

(d) none

Explanation

– The interest rate that the RBI Charges When Commercial Banks Browrow Money From It is Called the Repo Rate. The Interest Rate the Central Bank Pays Commercial Banks When They Park Their Excess Cash is called the reverse repo rate. Hence, Statement 2 is not correct.

– When the RBI Wishes to Boost Economic Activity, It lowers Repo Rates. This Allows Commercial Banks to Reduce Both The Interest Rates They Charge (on Loans) and the interest rates they pay on deposits. This, in turn, Encourages people to spend money keeping their savings in the bank now back a bit little, while businesses are encouraged to take out new invents for new invents new Lawans. Little Less. Hence, Statement 1 is not correct.

– When the RBI seeks to limit inflation, it raises The repo rate. Banks must Thus Pay More Interest To Browward From The RBI, Resulting in Higher Interest Rates for their Browers. Hence, Statement 3 is not correct.

Therefore, option (d) is the correct answer.

Question 4

The reserve bank of India has issues not to levy any pre-money

1. Small finance bank

2. Regional Rural Bank

3. State Cooperative Bank

4. NBFC-ML (Medium Layer)

Select the Correct Answer Using the Codes Given Below:

(a) 1 and 2 only

(b) 1 and 4 only

(c) 2, 3 and 4

(d) 1, 2, 3 and 4

Explanation

-The Reserve Bank of India has issues that commercial banks, tier 4 primary (urban) co-operative bank, non-banking financial compancial compan-upper layer (nbfc -ul), and all-finananic in. will not levy any pre-information charged charges for all loans granting for business purpose to the present and small businesses.

– “A small finance bank, a regional rural bank, a tier 3 primary (urban) co-operative bank, state cooperative bank, central cooperative bank and an nbfc-ml (medium layer). Shall not levy any pre-information charge on loans with sanctioned amount/ limit up to Rs 50 lakh, “The RBI said.

Therefore, option (d) is the correct answer

Question 5

With reference to the synthetic rubber, consider the following statements:

1. Malaysia is one of the biggest exporters of synthetic rubber.

2. Synthetic Rubber Imports Have impacted the Farm-Gate Price of Natural Rubber in India.

Which of the statements give above is/are correct?

(a) 1 Only

(b) 2 Only

(c) Both 1 and 2

(d) neater 1 nor 2

Explanation

-As unccertainty over the India-us interim trade deal continws following Operating Procedure (SOP) WHICH HAS BEEN UNDER Preparation Since Last Year – To Respond to Challenging US Demands, The Indian Express has learnt.

– The Indian Coordination Committee of Farmers Movements (ICCFM), Representing Farmers from 11 States, Said Agriculture Should Be Excluded from the Trade Deal. It highlighted that the Us one of the world’s livest exporters of synthetic rubber. Hence, Statement 1 is not correct.

-“The us is one of the biggest exporters of synthetic rubber. Synthetic Rubber Imports has seriously impacted the farme-gate price of Natural Rubber in India. India. India. India. India. Rubber and Related Products from the user-18, and RS 71,490.73 in 2018-19. Said. Hence, Statement 2 is Correct.

– Farmers also warned that if if India signs a trade deal with the us, the latter could import raw from Brazil, process it in the us, and then export it to India – Hurting the domestic sugar industory.

Therefore, option (b) is the correct answer.

Question 6

Why did the royal Swedish academy of Sciences Award the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Nobel to Abhijit Bnerjee, Esther Duflo, and Michael Kremer?

(a) for their experimental approach to alleviating global poverty

(b) for studies of how institutions are formed and affect prosperity

(c) for improvements to auction theory and inventions of new auction forms

(d) None of the above

Explanation

– The sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 was awarded jointly to abhijit banerjee, esther duflo and michael kremer “for their experimental approach to allevising gallavia. Poverty “

Therefore, option (a) is the correct answer.

Question 7

Consider the Following Statements:

1. Pradhan Mantri Mudra Yojana (PMMY) is a scheme for providing loans up to 20 Lakh (for those entrepreneurs who have availed and successfully repaid previous loans under the ‘tarun’ category) to the non-corporate, non-frearm small/micro ensterpris.

2. These loans are given by commercial banks, RRBS, small finance banks, mfis and nbfcs.

Which of the statements give above is/are correct?

(a) 1 Only

(b) 2 Only

(c) Both 1 and 2

(d) neater 1 nor 2

Explanation

According to mudra.org.in,

“Pradhan Mantri Mudra Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for Providing Loans Up To 20 Lakh (for those entrepreneurs who have availed and successfully repaid previous loans under the ‘tarun’ category) to the non-corporate, non-frearm small/micro ensterpris. These loans are classified as Mudra Loans under PMMY. These loans are given by commercial banks, rrbs, small finance banks, mfis and nbfcs. Under the Aegis of PMMY, Mudra has created four products namely ‘shishu’, ‘kishore’, ‘tarun’ and ‘tarunplus’ to signify the stage And also provide a reference point for the next phase of graduation / growth. “

Therefore, option (c) is the correct answer.

Question 8

Which ministry/department was the government agency for coordinating the implementing of the Garib Kalyan Rojgar abhiyaan?

(a) Ministry of Rural Development

(b) Departments of Economic Affairs

(c) Department of Employment and Labor

(d) None of the above

Option (a) is the correct answer.

Previous Daily Subject-Wise-Quiz

Daily Subject-Wise Quiz-History, Culture, and Social Issues (Week 118)

Daily Subject-Wise Quiz-Polity and Governance (Week 120)

Daily Subject-Wise Quiz-Science and Technology (Week 120)

Daily Subject-Wise Quiz-Economy (Week 119)

Daily Subject-Wise Quiz-Environment and Geography (Week 119)

Daily Subject-Wise Quiz-International Relations (Week 119)

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