The Partnership for Action on Green Economy (PAGE), a UN mechanism to assist countries transition towards greener and more inclusive economies, emerged at
Economy
2018
The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the following?1.Areca nut2.Barley3.Coffee4.Finger millet5.Groundnut6.Sesamum7.Turmeric
2017
Which of the following statements is/are correct regarding the 'Monetary Policy Committee (MPC)'?1.It decides the RBI's benchmark interest rates.2.It is a 12-member body including the Governor of RBI and is reconstituted every year.3.It functions under the chairmanship of the Union Finance Minister.Select the correct answer using the code given below:
It is possible to produce algae-based biofuels, but what is/are the likely limitation(s) of developing countries in promoting this industry?1.Production of algae-based biofuels is possible in seas only and not on continents.2.Setting up and engineering the algae-based biofuels production requires high level of expertise/technology until the construction is complete.3.Economically viable production necessitates the setting up of large-scale facilities which may raise ecological and social concerns.Select the correct answer using the code given below:
In the context of mitigating the impending global warming due to anthropogenic emissions of carbon dioxide, which of the following can be potential sites for carbon sequestration?1.Abandoned and uneconomic coal seams2.Depleted oil and gas reservoirs3.Subterranean deep saline formationsSelect the correct answer using the code given below:
What is/are the advantage/advantages of implementing the 'National Agriculture Market' scheme?1.It is a pan-India electronic trading portal for agricultural commodities.2.It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.Select the correct answer using the code given below:
With reference to the 'National Intellectual Property Rights Policy', consider the following statements:1.It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.2.Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.Which of the above statements is/are correct?
With reference to 'Global Climate Change Alliance', which of the following statements is/are correct?1.It is an initiative of the European Union.2.It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets.3.It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD).Select the correct answer using the code given below:
Which of the following has/have occurred in India after its liberalization of economic policies in 1991?1.Share of agriculture in GDP increased enormously.2.Share of India's exports in world trade increased.3.FDI inflows increased.4.India's foreign exchange reserves increased enormously.Select the correct answer using the codes given below:
What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'?1.It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.2.It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves.3.It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future.Select the correct answer using the code given below:
Consider the following statements:1.Tax revenue as a percent of GDP of India has steadily increased in the last decade.2.Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.Which of the statements given above is/are correct?
2016
There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit?1.Reducing revenue expenditure2.Introducing new welfare schemes3.Rationalizing subsidies4.Reducing import dutySelect the correct answer using the code given below
The establishment of 'Payment Banks' is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?1.Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.2.Payment Banks can issue both credit cards and debit cards.3.Payment Banks cannot undertake lending activities.Select the correct answer using the code given below
Which one of the following is a purpose of 'UDAY', a scheme of the Government?
In the context of which of the following do you sometimes find the terms 'amber box, blue box and green box' in the news?
Which of the following is/are included in the capital budget of the Government of India?1.Expenditure on acquisition of assets like roads, buildings, machinery, etc.2.Loans received from foreign governments3.Loans and advances granted to the States and Union TerritoriesSelect the correct answer using the code given below
With reference to the International Monetary and Financial Committee (IMFC), consider the following statements:1.IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.2.The World Bank participates as observer in IMFC's meetings.Which of the statements given above is/are correct?
Which of the following best describes the term 'import cover', sometimes seen in the news?
The term 'Core Banking Solution' is sometimes seen in the news. Which of the following statements best describes/describe this term?1.It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.2.It is an effort to increase RBI's control over commercial banks through computerization.3.It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.Select the correct answer using the code given below
Which of the following best describes/describe the aim of 'Green India Mission' of the Government of India?1.Incorporating environmental benefits and costs into the Union and State Budgets thereby implementing the 'green accounting'.2.Launching the second green revolution to enhance agricultural output so as to ensure food security to one and all in the future.3.Restoring and enhancing forest cover and responding to climate change by a combination of adaptation and mitigation measures.Select the correct answer using the code given below
India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?
What is/are the purpose/purposes of the 'Marginal Cost of Funds based Lending Rate (MCLR)' announced by RBI?1.These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.2.These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.Select the correct answer using the code given below
With reference to an initiative called 'The Economics of Ecosystems and Biodiversity (TEEB)', which of the following statements is/are correct?1.It is an initiative hosted by UNEP, IMF and World Economic Forum.2.It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.3.It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.Select the correct answer using the code given below
With reference to 'Financial Stability and Development Council', consider the following statements:1.It is an organ of NITI Aayog.2.It is headed by the Union Finance Minister.3.It monitors macroprudential supervision of the economy.Which of the statements given above is/are correct?
What is/are the purpose/purposes of 'District Mineral Foundations' in India?1.Promoting mineral exploration activities in mineral-rich districts2.Protecting the interests of the persons affected by mining operations3.Authorizing State Governments to issue licenses for mineral explorationSelect the correct answer using the code given below