UPSC CSE (Prelims) · General Studies
Indian Economy and Sustainable Development
12 practice questions, each with the answer and an explanation.
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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.
All 12 questions
- With reference to the Indian economy, consider the following statements regarding Core Inflation:
1. It excludes volatile food and energy components from headline inflation.
2. In India, Consumer Pric… - Consider the following statements regarding Open Market Operations (OMOs) conducted by the Reserve Bank of India:
1. Outright purchase of government securities injects durable liquidity into the banki… - With reference to the Balance of Payments of India, which of the following are included in the Current Account?
1. Merchandise trade balance.
2. Net invisibles (services, transfers, and income).
3. Fo… - Consider the following statements regarding Sovereign Gold Bonds (SGB) issued by RBI:
1. They are denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
2. The tenure of the bond is… - What is the primary function of the Monetary Policy Committee (MPC) constituted under Section 45ZB of the Reserve Bank of India Act 1934?
- Consider the following statements regarding the Goods and Services Tax (GST) Council:
1. It is a constitutional body established under Article 279A.
2. The Union Finance Minister is the Chairperson of… - Which of the following describes the economic phenomenon known as Stagflation?
- Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC) 2016:
1. It provides a time-bound process for resolving corporate insolvency.
2. The National Company Law Tribunal… - With reference to the Indian economy, which of the following is/are considered non-tax revenue receipts of the Central Government?
1. Dividends and profits from public sector enterprises.
2. Interest… - Consider the following statements regarding External Commercial Borrowings (ECB):
1. They are commercial loans raised by eligible resident entities from recognized non-resident entities.
2. They can b… - Consider the following statements regarding Sovereign Gold Bonds (SGB) issued in India:
1. They are denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
2. The tenure of the bond i… - Consider the following statements regarding External Commercial Borrowings (ECBs):
1. They can only be denominated in foreign currency and are legally barred from being denominated in Indian Rupees.
2…
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