RAY Avadh Ojha

Miracle Test Series 4 (Economy)Presented By: Gajendra Vikram Shahi

1. A multilevel decentralized fiscal system involving sharing of fiscal

responsibility between centre, states and local governments is referred to as

A. Fiscal union

B. Fiscal Federation

C. Fiscal equalization

D. Fiscal Generalization

2. Consider the following points in regards to Debt Service Coverage Ratio (DSCR) in

the context of Corporate finance.

1. The debt-service coverage ratio (DSCR) is a measurement of a firm's

available cash flow to pay current debt obligations.

2. DSCRs are a commonly used metric when negotiating loan contracts between companies and banks.

Select the correct option from the point given above.

A. Only 1

B. Only 2

C. 1 and 2 both

D. Neither 1 nor 2

3. Consider the following point about the 15th finance Commission Report on horizontal devolution of fund

1. It has assigned maximum weighted to Income Distance that is 45%.

2. It has assigned minimum weighted to Forest and ecology that is 10%

3. Population and Area criteria got equal weighted of 15%

Select the correct option from the point given above

A. 1 only

B. 1 and 2

C. 1 and 3

D. 1, 2 and 3

4. Which of the following represent ‘headcount ration’

A. When the number of poor estimated as the proportion of the people below poverty

line.

B. When the number of poor estimated as the proportion of the people above poverty

line.

C. When the number of people is estimated as the proportion of people below the

average income of the country.

D. When the number of people is estimated as the proportion of people below the

median income of the country

5. Consider the following point about the 15th finance Commission Report on verticaldevolution of fund.

1. It has recommended vertical devolution at 41%.

2. It has made the required adjustment of about 1% due to the changed status of

the erstwhile State of Jammu and Kashmir into the new Union Territories of

Ladakh and Jammu and Kashmir.

Select the correct option from the point given above

A. 1 only

B. 1 and 2

C. 1 and 3

D. 1, 2 and 3

6. Inflation acts as a natural tax in the economy, the nature of this tax is

A. Progressive

B. Proportional

C. Regressive

D. None of the above

7. Securities and exchange board of India(SEBI) was established under.

A. Security Contract regulation Act (1956)

B. Securities and exchange board of India(SEBI) 1994

C. Finance Act 1996

D. Finance Act 1998

8. Consider the following point about the export performance of India.

A. USA continues to be the largest export market for India.

B. Nepal longer occupies among the top 10 destination.

C. Malaysia is a new entrant among the top 10 export destination.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2

D. 1, 2 and 3

9. Consider the following point about Pharmaceutical industry of India.

1. Indian pharmaceutical industry is third largest in the world in terms of volume.

2. In terms of value Indian pharmaceutical industry not come within top 10.

3. India was at 11 th position in terms of share in world pharma exports in 2019.

Select the correct option from the point given above

A. 1 only

B. 1 and 2

C. 1 and 3

D. 1, 2 and 3

10. Which of the following statement regarding “ import substitution” is not correct?

A. Policy aims at putting emphasis on domestic production

B. It indicate a protectionist economics policy.

C. It is used by the most developed world.

D. High tariffs and quotas are common in countries where import substitution is

practiced.

11. Consider the following point about Real Rate of Return.

1. Real rate of return is the annual percentage of profit earned on an investment, adjusted for inflation.

2. the real rate of return accurately indicates the actual purchasing power of a given amount of money over time.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2

D. Neither 1 nor 2

12. Recently the term “ gig worker” are in news, gig worker means..

1. Highly qualified youth without jobs

2. Independent worker do outsourcing job.

3. Worker of unorganized sector with formal job contract

4. Gigs worker do, on-demand work with barely a formal contract

13. Consider the following point about Regional Rural Bank.

1. The union government has provided Rs 670 crore to Regional Rural Banks (RRBs) considering their importance in agriculture finance.

2. Of the 43 RRBs, about one-third especially from north-eastern and eastern regions are in losses and they needed fund to meet regulatory capital requirement of 9 %.

3. The share of Sponsored bank in RRB is 40%.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2

D. 1,2 and 3

14. What is Pradhan mantri Suraksha BimaYogana.

A. Accidental Insurance cover

B. Life Insurance cover

C. Overdraft upto Rs.50000

D. None of the above

15. Which of these was the first RRBs to be set up in India?

A. Gaur Gramin Bank

B. Prathama Bank

C. Himanchal Pradesh Gramin Bank

D. Vananchal Gramin Bank

16. Special drawing right is related to

A. World bank

B. Reserve bank of India

C. World trade Organization

D. International Monetary fund

17. Which one of the following agency is known as “ Soft credit window ” of the world

bank.

A. International Finance corporation

B. International bank for Reconstruction and Development

C. International Development Association

D. Multilateral Investment Guarantee Agency

18. Which of the following statement about International monetary fund (IMF) are correct.

1. The IMF is a united nations specialized agency.

2. The IMF was founded at the Bretton wood conference.

3. The objective of the IMF is to stabilize currency exchange rate and to expand

International Liquidity.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2

D. 1,2 and 3

19. With reference to special drawing right (SDRs) consider the following statements.

1. The SDRs is an International reserve currency, Created by the IMF to supplement

foreign exchange reserve of its member countries.

2. The member countries can not hold SDRs above the allocation made in

proportional to its quota in the IMF.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2

D. Neither 1 nor 2

20. TRIPS( Trade related Aspect of Intellectual Property Rights) agreement is

administered by

A. World Bank

B. IMF

C. WTO

D. United nations conference on trade and development.

21. Trade between two countries can be useful if cost ratio of goods are

A. Undetermined

B. Equal

C. Different

D. None

22. Dumping refers to

A. Reducing tariffs

B. Sales of good abroad at low price, below their cost of production and price in home

market

C. Buying goods at low cost abroad and selling at higher price locally

D. Expensive goods selling at low price.

23. Under the National food security act 2013, the expenditure towards intra state

transportation and handling charges from movement from FCI depots to fair price

shops is borne by.

A. Central government

B. State government

C. Shared between Central government and State government

D. Is passed on to the beneficiaries

24. Which of the following are part of India’s external commercial borrowing debt?

1. External commercial borrowing.

2. NRI deposit

3. Investments made by portfolio investors in debt securities.

Select the correct option from the point given above

A. 1 only

B. 3 only

C. 1 and 3

D. 1,2 and 3

25. The term “Crowding out” in economy is related to which of the following

1. Increase public sector spending replace private sector spending

2. Government deficit spending through borrowed money leads to hardening of

interest rates

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2

D. Neither 1 nor 2

26. Fiscal deficit of the government of India is equal to which of the following

A. Debt creating capital receipts

B. Non- debt creating receipts

C. Debt and non-debt creating receipts

D. Capital receipts less of revenue receipts

27. Which organization has released the ‘2020 State of Climate Services’ report?

[A] Food and Agricultural Organization[B] World Meteorological Organization[C] UNICEF[D] World Food Programme

28. Consider the following statement.I. Humane Development index is released by the IMF.II. The Human Development Index rank of India is 129 in 2019

Select the correct option from the point given above

A. 1 onlyB. 2 onlyC. 1 and 2D. Neither 1 nor 2

29. Who releases the Global Competitive

Report?

(a)World bank(b)IMF(c)World Trade Organization(d)World Economic Forum

30. What is the Indian rank in ‘Ease of Doing Business’ 2020?(a)63rd(b)78th(c) 129(d) 57

31. Who publishes the report on the Global social Mobility Index?(a) World Bank(b) WHO(c) World Economic Forum(d) Asian Development Bank

32.Which of the following Item has maximum weight in the whole sale price index of

India?

A. Primary article

B. Fuel and power

C. Manufactured product

D. Food Item

33. Consider the following statement about inflation trageting.

1. RBI targets inflation on the basis of CPI

2. The ultimate target for inflation as decided by monetary policy committee is 6 2

3. 3. India witness high inflation in fruit and vegetable because of poor supply chain.

Select the correct option from the point given above

A. 1 only

B. 3 only

C. 1 and 3

D. 1,2 and 3

34. Which ministry is responsible for calculating GDP in India.

A. Ministry of Finance

B. Ministry of commerce and Industry.

C. Ministry of central statistical and program implementation

D. Ministry of Consumer Affair.

35. Who releases the Global Gender Gap Report?

(a)IMF

(b)World Economic Forum (WEF)

(c) UNCTAD

(d) UNICEF

36. In India which bank has the highest share in the disbursement of credit to

agriculture and allied activity.

A. RRBs

B. Cooperative Banks

C. Commercial Bank

D. Micro Finance institution

37. Which of the following Categories of Financial Institution are not involved in the

implementation of Kisan credit Card (KCC)

A. RRBs

B. Cooperative bank

C. Small Finance bank

D. Non- Banking Financial Institution

38. Consider the following Statement

1. Sterilization is a monetary action used by central banks in order to stem the negative effects emerging from capital inflows or outflows from a country's economy.

2. The main instrument of sterilization used by the Reserve Bank is Open Market Operations (OMO)

Select the correct option from the point given above

A. 1 only

B. 2only

C. 1 and 2

D. Neither 1 nor 2

39. The consumer confidence survey in India is conducted by which of the following.

A. Reserve bank of India

B. National Statistical office

C. Department of consumer Affair

D. Ministry of labor and employment

40. In India, Amended Technology Upgradation Fund Scheme is related to which of the

following sector.

A. Animal Husbandry

B. Textile

C. Fisheries

D. Mining

41.Logistic Performance Index is released by which of the following Institution

A. World Bank

B. IMF

C. World Economic Forum

D. United Nation Conference on trade and developement

42. Consider the following point on Baltic Dry Index

1. The Baltic Dry Index (BDI) is a shipping and trade index created by the London-

based Baltic Exchange

2. It measures changes in the cost of transporting various raw materials such as coal

and steel.

Select the correct option from the point given above

A. 1 only

B. 2only

C. 1 and 2

D. Neither 1 nor 2

43. Consider the following Statement about Gini Coefficient.

A. The Gini index is a measure of the distribution of income across a population.

B. A lower Gini index indicates greater inequality.

Select the correct option from the point given above

A. 1 only

B. 2only

C. 1 and 2

D. Neither 1 nor 2

44. Change in the fiscal policy can have impact on which of the following?

1. Current Account BOP

2. Capital Account BOP

3. Income and Employment

4. Inflation

Select the correct option from the point given above

A. 1 and 3

B. 2,3 and 4

C. 1,2 and 3

D. 1,2,3 and 4

45. What is the base year for WPI?

a. 2004-2005

b. 2008-2009

c. 2010-2011

d. 2011-2012

46. Consider the following statement about Tobbin Tax

1. The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation, named after economist James Tobin.

2. Its main function is to stabilize markets and disincentive speculation.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2 both

D. Neither 1 nor 2

47. Consider the following types of receipts.

1. Tax revenue

2. Non Tax Revenue

3. Recoveries of Loan

4. Disinvestment of PSUs

Which receipts given above is Capital Receipts for government of India.

A. 1 and 2

B. 1 and 3

C. 3 and 4

D. 2 and 3

48. Consider the following statement about Lorenz Curve.

1. A Lorenz curve is a graphical representation of the distribution of income or wealth within a population.

2. Lorenz curves graph percentiles of the population against cumulative income or wealth of people at or below that percentile.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2 both

D. Neither 1 nor 2

49. Consider the following Statement about Nordic model.

1.The Nordic Model involves the standards followed in Sweden, Norway, Finland, and Denmark.

2These nations are known for high living standards and low-income disparity.

3The Nordic Model includes social benefits such as free education, free healthcare, and guaranteed pension payments.

Select the correct option from the point given above

A. 2 only

B. 2 and 3

C. 3 only

D. 1, 2 and 3

50. Consider the following statement with Reference to “BareNecessities Index”

1 The BNI summarises 26 indicators on five dimensions - water, sanitation, housing, micro-environment, and other facilities.

2. BNI measures acess to “ the bare necessities” for House hold in Rural area only.

3. It is used to check the efficacy of policies/ schemes implementation.

Select the correct option from the point given above

A. 1 only

B. 2 only

C. 1 and 2 both

D. 1 2 and 3