Eco 2
Eco 2
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TEST BOOKLET
INSTRUCTIONS
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3. You have to enter your Roll Number on the Test Booklet in the Box
provided alongside. Do NOT write anything else on the Test Booklet. ok
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4. This Test Booklet contains 100 items (Questions). Each item is printed in English. Each item comprises four
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responses (answers). You will select the response which you want to mark on the Answer Sheet. In case you
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feel that there is more than one correct response with you consider the best. In any case, choose ONLY ONE
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5. You have to mark all your responses ONLY on the separate Answer Sheet provided. See direction in the
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answers sheet.
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6. All items carry equal marks. Attempt all items. Your total marks will depend only on the number of correct
responses marked by you in the answer sheet. For every incorrect response 1/3rdof the allotted marks will be
deducted.
7. Before you proceed to mark in the Answer sheet the response to various items in the Test booklet, you have to
fill in some particulars in the answer sheets as per instruction sent to you with your Admission Certificate.
8. After you have completed filling in all responses on the answer sheet and the examination has concluded, you
should hand over to Invigilator only the answer sheet. You are permitted to take away with you the Test
Booklet.
9. Sheet for rough work are appended in the Test Booklet at the end.
Select the correct answer using the code Minimum Alternate Tax (MAT).
How many of the statements given above are
given below.
correct?
(a) Only one
(a) Only one
(b) Only two
(b) Only two
(c) Only three
(c) All three
(d) All four
(d) None
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Statement-I: The First Five Year Plan in
2021:
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India emphasised on investment in heavy
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Statement I: Among agricultural
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development.
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Model.
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is correct is correct
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5. In the context of India, 'Rejupave' 8. Consider the following statements regarding
technology recently seen in the news is used the e-Shram portal:
to:
1. Any worker who is aged only between
(a) correct genetic disorders
14-40 years, is eligible to register on the
(b) build humanoid robots
(c) construct roads portal.
(d) build earthquake resistant buildings 2. Agricultural labor and landless farmers
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insurance business in India.
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How many of the above statements are ok
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India
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sometimes seen in news, is being negotiated
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11. Consider the following statements regarding under: ok
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Investment Disputes
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of Corporate Affairs.
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(a) 1 only 1. It aims to increase India’s overall
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(b) 2 only ok
exports to USD 2 trillion by 2030 with
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(c) Both 1 and 2
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reference to the Inland Vessel Act 2021: be eligible for reduced export obligation
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across the country, instead of separate 3. Dairy sector will be exempted from
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only in the respective state. How many statements given above are
How many of the above statements are correct?
correct? (a) Only one
(a) Only one (b) Only two
(b) Only two
(c) Only three
(c) All three
(d) All four
(d) None
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20. In the context of foreign trade policy of 23. With reference to the genetically modified
India, which of the following statements best crop variety DMH-11, consider the
describes the merchanting trade?
following statements:
(a) It is a trading strategy that involves
1. It has been developed by the Indian
buying or selling securities based on
their recent strong performance. Agricultural Research Institute.
(b) It involves shipment of goods from one 2. It is a genetically modified variant of
foreign country to another foreign herbicide-tolerant rice.
country through an Indian intermediary
3. Approval of DMH-11 would make it the
but without touching Indian ports.
first GM food crop to be commercially
(c) It is a trade practice where Indian
merchant exporters act as a middlemen cultivated in India.
between foreign exporters and Indian How many of the statements given above are
buyers. correct?
(d) It is a mode of exchange in which
(a) Only one
products are purchased and processed by
(b) Only two
merchants in large quantities and sold to
end customers directly. (c) All three
(d) None
21. Which of the following is/are the major
objectives of India's Agriculture Export
24. In the context of defence sector in India,
Policy 2018?
'Ugram' which was recently seen in the news
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1. To provide an institutional mechanism
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for pursuing market access is a: ok
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2. To triple India’s share in world agri (a) Submarine
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(c) Rifle
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(d) Tank
(a) 1 only
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(b) 2 only
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(c) Both 1 and 2 25. With reference to Eighth Five Year Plan (8th
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statements:
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2. It reduced the number of industries
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reserved for public sector from 17 to ok
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30. Consider the following statements regarding
only two.
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correct?
1. It is a statutory organization set up under
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(a) 1 only
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28. Which of the following is not correct of dispute between consumers and
regarding Minimum Support Price (MSP)?
owner arising out of declaration of grade
(a) At present more than 20 major
agricultural commodities are covered and size of coal.
under MSP.
Which of the statements given above is/are
(b) MSP has a margin of at least 50 per cent
over the all-India weighted average cost correct?
of production.
(a) 1 only
(c) MSP for pulses and oilseeds is more
than the MSP for paddy. (b) 2 only
(d) MSP is announced by the government (c) Both 1 and 2
based on the recommendations of the
NITI Aayog. (d) Neither 1 nor 2
7 www.visionias.in ©Vision IAS
31. Consider the following pairs: 33. G20 TechSprint 2023, recently in news, was:
Industrial Policy Goal (a) organised to promote innovative
1. Industrial : It emphasised on solutions aimed at improving cross-
Policy workers getting fair border payments in G20 nations.
Resolution of wages and social
(b) organized to check and control money
1948 security.
laundering using technology in G20
2. Industrial : It emphasised on
countries.
Policy heavy industries and
Resolution of and priority was given (c) organized to encourage the exchange of
1956 to industrial monetary and fiscal information among
development in G20 nations.
backward regions. (d) organized to promote economic
3. Industrial : It introduced the cooperation in areas of technology
Policy Statement Monopolies and
among the countries of G20.
of 1973 Restrictive Trade
Practices (MRTP) Act
34. Which of the following statements is not
trade.
How many of the above pairs are correctly correct regarding the trade agreements?
matched? (a) In a Preferential Trade Agreement
(a) Only one (PTA) there is a positive list of products
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(b) Only two on which duty is to be reduced, whereas,
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(c) All three ok
in a Free Trade Agreement (FTA) there
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(d) None
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reduced or eliminated.
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statements:
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1. The IMD was established in the pre- themselves, however, they maintain
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world.
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(b) Only two How many of the statements given above are
(c) All three correct?
(d) None (a) Only one
(b) Only two
36. Consider the following pairs : (c) All three
Report Published By (d) None
1. World : International
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Employment and Labour
39. Consider the following statements regarding
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Social Outlook Organization ok
Indian Agriculture sector (2020-21):
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2. Global Risks : World Economic
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Report Forum
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Prospects
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correct?
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(b) Least developed countries do not have to Which of the statements given above is/are
make any commitments to reduce tariffs correct?
or subsidies. (a) 1 only
(c) It prohibits export subsidies on
(b) 2 only
agricultural products unless the subsidies
(c) Both 1 and 2
are specified in a member’s lists of
(d) Neither 1 nor 2
commitments.
(d) The government services such as direct
income support to farmers, assistance to 44. Consider the following statements regarding
help farmers restructure agriculture, and the Micro, Small, and Medium Enterprises
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direct payments under regional
Development Act of 2006:
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assistance programmes are kept under ok
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1. An enterprise is considered a micro
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Blue Box.
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rupees 5 crores.
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usable currencies.
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(a) Only one
(b) Only two
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(b) Only two ok
(c) All three
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(c) All three
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46. Consider the following statements, with 49. With reference to the operating ratio (OR) of
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statements:
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product using their domestic currency. based X-ray telescope upon completion.
3. The telescope's mirror is designed to be
2. A higher NEER coefficient above 1
30 meters in diameter.
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means that the country's currency is
4. The primary location for TMT is the
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usually worth less than the imported ok
south pole to optimize astronomical
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currency. observations.
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3. An increase in a nation's REER means Which of the statements given above are not
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correct?
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determined by the Commission for
(a) 1 only
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Agricultural Costs and Prices (CACP) in
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(b) 1 and 2 only
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consultation with the state governments.
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(c) 1 only
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2. It has abolished the Monopolies and the Mines and Minerals (Regulation and
Development) Act or the MMDR Act, 1957:
Restrictive Trade Practices Act.
1. As per this Act, the mineral exploration
3. It has adopted a disinvestment policy for
license will be issued for 10 years.
the restructuring of the public sector in 2. Prospecting and mining of atomic
the country. minerals is reserved for government
How many of the above statements are entities under the Act.
Which of the statements given above is/are
correct?
correct?
(a) Only one
(a) 1 only
(b) Only two (b) 2 only
(c) All three (c) Both 1 and 2
(d) None (d) Neither 1 nor 2
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62. With reference to the financial assistances 64. Consider the following initiatives:
provided by the International Monetary 1. NIDHI
2. SAATHI
Fund, consider the following statements:
3. PRASHAD
1. The Rapid Credit Facility is available to 4. RCS UDAN
all member countries facing an urgent How many of the above are the initiatives
taken to boost the tourism sector?
balance of payments crisis.
(a) Only one
2. The Rapid Financing Instrument is (b) Only two
available only to low-income countries (c) Only three
(d) All four
without any conditionality.
Which of the statements given above is/are 65. Which one of the following commitees is
correct? related to the disinvestment of public sector
enterprises in India after 1991 reforms?
(a) 1 only
(a) Chelliah Committee
(b) 2 only (b) Gadgil-Mukherjee Committee
(c) Both 1 and 2 (c) Suresh Tendulkar Committee
(d) Neither 1 nor 2 (d) C. Rangarajan Committee
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reference to the Social and Development
2. The only treatment for BBS is a heart
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Box (S & D Box) of the World Trade
transplant.ok
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correct?
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(c) 1, 2, and 3
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issues such as poverty, health support, 67. In the context of labor reforms in India,
consider the following statements:
etc.
1. Code on Wages Act, 2019 stipulates
3. The eligible countries can forward such government to review minimum rates of
subsidies to the extent of less than 10 per wages at an interval not exceeding five
cent of their total agricultural output. years.
2. Currently, the National Floor Level
How many of the above statements are
Minimum Wage is 300 rupees.
correct? Which of the statements given above is/are
(a) Only one correct?
(a) 1 only
(b) Only two
(b) 2 only
(c) All three (c) Both 1 and 2
(d) None (d) Neither 1 nor 2
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68. Consider the following statements regarding 71. Consider the following:
the automobile sector:
1. Increase in the Statutory Liquidity Ratio
1. Currently, the automobile sector
contributes more than 10 percent to (SLR) and Cash Reserve Ratio (CRR)
69. Consider the following pairs : India, how many of the above were
GI Tag State suggested by Narsimham committee in
1. Kachchhi Kharek : Bihar
1991?
2. Lanjia Saura painting : Odisha
3. Kalonunia Rice : Bengal (a) Only one
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How many of the pairs given above are
(b) Only two ok
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correctly matched?
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(d) None
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incorrect.
4. Trade Secrets : 100 years
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(d) Statement-I is incorrect but Statement-II ok
How many of the above pairs are correctly
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79. With reference to ‘The Export Preparedness
operationalised under NABARD?
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Index (EPI) 2022’, consider the following (a) Only one ok
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(b) Only two
Office.
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(c) Only three ok
Which of the statements given above is/are
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(d) All four
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(a) 1 only
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(b) 2 only
Technology, consider the following
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statements:
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4. It is similar to the technology behind an crude oil and natural gas produced
the One Nation One Ration Card Scheme the changes in the composition of the
agriculture sector during the period 1995-96
(ONORC):
to 2020-21:
1. ONORC system enables intra-state and
1. At present, cereals constitute the largest
inter-state portability of ration cards. commodity group within the agriculture
2. Presently, national portability is enabled sector in terms of value.
in all 36 States/UT, covering 100 per 2. The share of pulses and oilseeds in the
value of total agriculture had increased
cent of the total NFSA population.
over the period.
3. Partial claim of food grains from 3. The share of Fruits and vegetables in the
multiple Fair Price Shops (FPS) is not value of total agriculture had remained
covered under the scheme. stagnant during the period.
How many of the statements given above are
Which of the statements given above are
correct?
correct?
(a) Only one
(a) 1 and 2 only (b) Only two
(b) 2 and 3 only (c) All three
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(d) 1, 2 and 3
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91. Poverty ok
Reduction and Growth Trust
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(PRGT) and Resilience and Sustainability
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89. With reference to the National Infrastructure Trust (RST) are the lending facilities to the
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Investment Fund (NIIF), Consider the low-income countries by which one of the
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bonds.
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3. Lack of market access for horticulture
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3. It gives interest free loans to world's
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produce of small farmers
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poorest countries.
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Which of the statements given above is/are Select the correct answer using the code
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(d) 1, 2 and 3
(d) 1, 2 and 3
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Trust (REITs) tlo
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2. Ratification of WTO's Trade Facilitation
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Agreement
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Tax (GST)
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given below.
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(b) 1, 2 and 3
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