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Eco 2

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0% found this document useful (0 votes)
28 views21 pages

Eco 2

Uploaded by

Nikhil Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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VISIONIAS

www.visionias.in

Test Booklet Series

TEST BOOKLET

GENERAL STUDIES (P) 2024 – Test – 4147


C
Time Allowed: Two Hours Maximum Marks: 200

INSTRUCTIONS

1. IMMEDIATELY AFTER THE COMMENCEMENT OF THE EXAMINATION, YOU SHOULD CHECK THAT THIS BOOKLET
DOES NOT HAVE ANY UNPRINTED OR TURN OR MISSING PAGES OR ITEMS, ETC. IF SO, GET IT REPLACED BY A
COMPLETE TEST BOOKLET.

2. ENCODE CLEARLY THE TEST BOOKLET SERIES A, B, C OR D AS THE CASE MAY BE IN THE APPROPRIATE PLACE IN
THE ANSWER SHEET.

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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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response for each item.


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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.

DO NOT OPEN THIS BOOKLET UNTIL YOU ARE ASKED TO DO SO


1 www.visionias.in ©Vision IAS
1. In India, how many of the following can be 3. Consider the following statements regarding
considered as public investment in the Special Economic Zones (SEZ):
agriculture? 1. FDI up to 100% is allowed through the

1. Construction of major irrigation projects automatic route for manufacturing

2. Land and soil improvement programmes activities in SEZs.

3. Interest subvention on institutional 2. Exports and supplies to SEZs are zero-

agricultural credit rated as per the IGST Act.

4. Development of cooperative institutions 3. SEZs are exempted from paying

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

2. Consider the following statements regarding


4. Consider the following statements:
the fisheries sector in India during 2011-

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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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industries in order to achieve


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commodities, the highest growth rate is


industrialisation for rapid economic
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achieved in the fishery sector.


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development.
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Statement II: The fisheries sector gets the


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Statement-II: The First Five Year Plan in


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highest input subsidy and output price


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India was based on the Harrod-Domar


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support among all agri-commodities.


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Model.
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Which one of the following is correct in


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Which one of the following is correct in


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respect of the above statements? respect of the above statements?


(a) Both Statement-I and Statement-II are (a) Both Statement-I and Statement-II are
correct and Statement-II is the correct correct and Statement-II is the correct
explanation for Statement-I explanation for Statement-I
(b) Both Statement-I and Statement-II are (b) Both Statement-I and Statement-II are
correct and Statement-II is not the correct and Statement-II is not the
correct explanation for Statement-I correct explanation for Statement-I
(c) Statement-I is correct but Statement-II is (c) Statement-I is correct but Statement-II is
incorrect incorrect
(d) Statement-I is incorrect but Statement-II (d) Statement-I is incorrect but Statement-II

is correct is correct
2 www.visionias.in ©Vision IAS
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

are not eligible to register on the portal.


6. With reference to insurance penetration, 3. There are no income criteria for
consider the following statements:
registering on e-Shram as an
1. It is a ratio of premium underwritten in a
unorganized worker.
given year to the Gross Domestic
Product (GDP). How many of the statements given above are

2. Insurance penetration in India has correct?


steadily increased in the last two (a) Only one
decades.
(b) Only two
3. The share of the life insurance business
(c) All three
is higher than the share of the non-life
(d) None

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insurance business in India.

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How many of the above statements are ok
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correct? 9. Consider the following:


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(a) Only one


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1. Establishment of Food Corporation of


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(b) Only two


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India
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(c) All three


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2. Launch of Jawahar Rozgar Yojana


(d) None
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3. Establishment of Unit Trust of India


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7. Consider the following statements regarding 4. Establishment of National Bank for


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Wetland City Accreditation: Agriculture and Rural Development


1. It is an initiative under the Ramsar
5. Launch of National Programme for
Convention.
Family Planning
2. Chennai and Kolkata are the only cities
in India that have received a Wetland How many of the above developments took

City Accreditation. place during the Third Five Year Plan in


Which of the statements given above is/are India?
correct?
(a) Only two
(a) 1 only
(b) Only three
(b) 2 only
(c) Only four
(c) Both 1 and 2
(d) Neither 1 nor 2 (d) All five
3 www.visionias.in ©Vision IAS
10. Consider the following pairs: 12. Consider the following statements:
Initiative Objective Statement-I: In practice, the sum of all credit
entries is identical to the sum of all debit
1. Bima : It aims to form a women-
entries in balance of payments, and the net
Sugam centric insurance balance of all entries in the statement is zero.
distribution channel. Statement-II: In Balance of Payments,
double entry accounting system is adopted.
2. Bima : It is an online portal for all
Which one of the following is correct in
Vahak insurance-related queries.
respect of the above statements?
3. Bima : It is a social safety net (a) Both Statement-I and Statement-II are
Vistaar product targeting untapped correct and Statement-II is the correct
explanation for Statement-I.
geographies.
(b) Both Statement-I and Statement-II are
How many of the above pairs are correctly correct and Statement-II is not the
matched? correct explanation for Statement-I.
(c) Statement-I is correct but Statement-II is
(a) Only one
incorrect.
(b) Only two
(d) Statement-I is incorrect but Statement-II
(c) All three is correct.
(d) None
13. ‘Investment Facilitation Agreement’,

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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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the National Incubator Capacity (a) World Bank


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(b) Belt and Road initiative


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Development Program (NICDP):


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(c) World Trade Organization


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1. The program is a joint initiative of the


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(d) International Centre for Settlement of


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Ministry of Commerce and the Ministry


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Investment Disputes
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of Corporate Affairs.
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14. With reference to the external sector of an


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2. Under this program, an incubator need


economy, which of the following correctly
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not be an incorporated/registered entity


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describes the term “Revaluation”?


in India. (a) A market-driven situation when
3. Under this, an incubator should have at domestic currency loses its value in front
of a foreign currency.
least 5 startups incubated in the current
(b) A government initiative in which the
or last financial year. domestic currency loses its value in front
Which of the statements given above is/are of a foreign currency.
(c) The act of raising the value of the
correct?
domestic currency against a foreign
(a) 1 and 3 only
currency.
(b) 3 only (d) A market-driven situation when
(c) 1, 2 and 3 domestic currency increases its value
against the value of a foreign currency.
(d) None
4 www.visionias.in ©Vision IAS
15. The term "Operation Prosperity Guardian" 18. Consider the following statements regarding
was recently seen in the news. It is aimed at: the Indian agriculture:
(a) preventing illegal fishing in high seas 1. India has remained a net importer of
(b) safe movement of ships in the Red Sea
agri-products since 1991 economic
(c) eradicating tax evasion
reforms.
(d) tackling plastic pollution and generating
2. The livestock sector has been the largest
wealth from it
contributor to agriculture GVA, over the

16. Consider the following statements, with last six years.


reference to the external sector of the Indian Which of the statements given above is/are
economy in 2022-23: correct?
1. The largest trading partners of India are
(a) 1 only
the USA followed by China and the
(b) 2 only
UAE.
(c) Both 1 and 2
2. Engineering Goods, Petroleum Products
(d) Neither 1 nor 2
and Gems & Jewellery were the top
three exported commodities.
Which of the statements given above is/are 19. Consider the following statements regarding
correct? the Foreign Trade Policy (FTP) 2023:

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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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equal contributions from the


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(d) Neither 1 nor 2


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merchandise and services sectors.


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2. Battery electric vehicles of all types will


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17. Consider the following statements with


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reference to the Inland Vessel Act 2021: be eligible for reduced export obligation
l.
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1. It introduced a uniform regulatory requirement under Export Promotion of


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framework for inland vessel navigation


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Capital Goods (EPCG) Scheme.


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across the country, instead of separate 3. Dairy sector will be exempted from
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rules framed by the States.


maintaining average export Obligation.
2. The state government will maintain an
4. District specific export action plans will
electronic centralized record of data on
be prepared for each district of the
inland vessels.
3. The registration certificate will be valid country.

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
5 www.visionias.in ©Vision IAS
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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exports (b) Missile


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Select the correct answer using the code


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(c) Rifle
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given below.
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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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(d) Neither 1 nor 2 FYP) in India, consider the following


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statements:
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22. Consider the following statements regarding


1. Indicative Planning was adopted in India
the Public-Private Partnership Appraisal
Committee (PPPAC): during the 8th FYP.
1. It has been set up on the 2. The actual growth rate achieved during
recommendations of the Kelkar the 8th FYP period was higher as
Committee.
compared to targeted growth rate.
2. PPP Projects worth more than 1000
Which of the statements given above is/are
crores are approved by this committee.
Which of the statements given above is/are correct?
correct? (a) 1 only
(a) 1 only (b) 2 only
(b) 2 only
(c) Both 1 and 2
(c) Both 1 and 2
(d) Neither 1 nor 2
(d) Neither 1 nor 2
6 www.visionias.in ©Vision IAS
26. Consider the following statements: 29. With reference to the Himalayan Wolf,
1. Tarapore Committee is related to capital
consider the following statements:
account convertibility of Indian Rupee.
2. Indian Rupee is fully convertible on 1. It is naturally found in the Trans-
capital account. Himalayan region only.
3. Capital account transactions are
regulated under Foreign Exchange and 2. It is classified as 'Vulnerable' on the
Regulation Act (FERA) in India. IUCN Red List.
How many of the above statements are
3. It is the only species of wolf that is
correct?
(a) Only one found in India.
(b) Only two
Which of the statements given above is/are
(c) All three
(d) None correct?

(a) 1 and 2 only


27. With reference to New Industrial Policy,
1991, consider the following statements: (b) 2 only
1. It established the Foreign Investment (c) 1 and 3 only
Promotion Board (FIPB) to promote
Foreign Direct Investment in India. (d) 1, 2 and 3

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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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Which of the statements given above is/are Coal Controller Organisation:


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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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(b) 2 only the Mines and Minerals (Development


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(c) Both 1 and 2 and Regulation) Act.


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(d) Neither 1 nor 2


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2. It acts as the appellate authority in case


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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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is a negative list on which duty is not


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reduced or eliminated.
eh

32. In the context of the India Meteorological


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(b) In a customs union, partner countries


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Department (IMD), consider the following


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may decide to trade at zero duty among


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statements:
l.
hi

1. The IMD was established in the pre- themselves, however, they maintain
ik
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independence era. common tariffs against the rest of the


fo

2. IMD is exclusively responsible for


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world.
nl
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earthquake monitoring in India.


(c) The Early Harvest Scheme/Programme
3. The headquarter of IMD is located in
is a mechanism to build greater
Mumbai.
4. IMD has a mandate to warn against confidence amongst trading partners to
severe weather phenomena like tropical prepare them for bigger economic
cyclones, heavy rains and snow, cold engagement.
and heat waves. (d) An FTA covers trade in goods and
How many of the statements given above are services only, whereas, a
correct?
Comprehensive Economic Partnership
(a) Only one
Agreement (CEPA) covers goods,
(b) Only two
(c) Only three services and investment along with other
(d) All four areas including IPR, competition etc.
8 www.visionias.in ©Vision IAS
35. Consider the following statements regarding 38. Consider the following statements, with
Finance Commission : reference to the Indian aviation market:
1. It is a five member body including the 1. In the financial year 2022, the total air
Chairman. passenger traffic in India reached more
2. Members of the Commission hold office than 500 million passengers.
for a period of five years.
2. To the total airline traffic, the share of
3. It makes recommendations on principles
international traffic is higher than the
that should govern the grants-in-aid to
domestic traffic.
the states by the Centre.
3. India is the world's second-largest air
How many of the statements given above are
passenger market and fourth-largest air
correct?
(a) Only one freight market.

(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

.c
Social Outlook Organization ok
Indian Agriculture sector (2020-21):
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2. Global Risks : World Economic
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1. Agriculture sector contributes more than


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Report Forum
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60 percent of total workforce.


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3. World Economic : International


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2. Income per agriculture worker is


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Situation and Monetary Fund


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significantly higher than the income of a


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Prospects
l.
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How many of the pairs given above are non-agriculture worker.


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correctly matched? Which of the statements given above is/are


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correct?
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(a) Only one


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(b) Only two (a) 1 only


(c) All three (b) 2 only
(d) None (c) Both 1 and 2
(d) Neither 1 nor 2
37. The report ‘Global Water Monitor Report’,
sometimes appearing in the news, is released
40. In the context of economic planning in India,
by:
the 'Sarvodaya Plan' was drafted by
(a) One Drop Foundation
(a) M.N. Roy
(b) UNESCO World Water Assessment
(b) Acharya Vinobha Bhave
Programme
(c) World Health Organization (c) Jayaprakash Narayan

(d) None of the above (d) Jawahar Lal Nehru


9 www.visionias.in ©Vision IAS
41. Which of the following statements is not 43. Consider the following statements regarding
correct regarding the Agreement on Sovereign Gold Bond (SGB) :
Agriculture (AoA)?
1. Bonds will be redeemed in gold on
(a) It is a WTO treaty that was negotiated
maturity.
during the Uruguay Round of the
2. The maximum limit of subscription for
General Agreement on Tariffs and Trade
in 1994 at Marrakesh, Morocco. an individual is 4kg gold per year.

(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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enterprise if its turnover is less than


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rupees 5 crores.
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42. Consider the following statements with


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respect to the Special Drawing Rights: 2. An enterprise is considered a medium


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1. It is an interest-free international reserve


hi

enterprise if its investment in plant and


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asset, which can be exchanged for freely


machinery is less than rupees 250 crores
fo
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usable currencies.
nl

but greater than 50 crores.


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2. Only IMF members can participate in


3. Exports are not counted in turnover for
the SDR facility.
3. It is often called paper gold as it is just a any enterprises whether micro, small, or

book entry in the Special Drawing medium.

Account of the IMF. How many of the above statements are


Which of the statements given above is/are correct?
correct?
(a) Only one
(a) 2 and 3 only
(b) Only two
(b) 1, 2 and 3
(c) All three
(c) 1 and 3 only
(d) 2 only (d) None
10 www.visionias.in ©Vision IAS
45. With reference to the international trade, 47. ‘Green Hydrogen: Enabling Measures
consider the following statements: Roadmap for Adoption in India’ sometimes
seen in the news, is a publication of which of
1. Pegging of currency is when a country
the following organization?
uses a foreign currency in lieu of its
(a) NITI Aayog
currency, mainly due to the former's (b) World Economic Forum
stability. (c) International Transport Forum
2. In the floating exchange rate system, the (d) World Bank

exchange rates are regulated by the


48. Consider the following statements, with
demand and supply of the domestic and
respect to Telecom Technology
foreign currencies in the concerned Development Fund (TTDF):
economy. 1. TTDF aims to fund R&D in urban-
3. Hard peg is an exchange rate policy in specific communication technology
which the usually market sets the applications.
2. Only Indian entities are eligible for
exchange rate, but in some cases, the
support from this fund.
central bank will intervene. 3. Universal Service Obligation Fund
How many of the above statements are (USOF) launched the TTDF Scheme.
correct? How many of the statements given above are
(a) Only one correct?

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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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(d) None (d) None


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46. Consider the following statements, with 49. With reference to the operating ratio (OR) of
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the railways, consider the following


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reference to the Balance of Payments:


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statements:
l.
hi

1. Investment income is part of the Current


ik

Statement 1: The higher the ratio, the


rn

account of the Balance of Payments. healthier the finances.


fo
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2. The acquisition of non-produced, non- Statement 2: The operating ratio measures


nl
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financial assets is part of the capital operating expenses against revenue.


Which one of the following is correct in
account of the Balance of Payments.
respect of the above statements?
3. Rupee Debt Service is shown under the
(a) Both Statement-1 and Statement 2 are
capital account of the Balance of correct and Statement-2 is the correct
Payments. explanation for Statement-1
Which of the statements given above are (b) Both Statement-1 and Statement-2 are
correct and Statement-2 is not the
correct?
correct explanation for Statement-1
(a) 1 only
(c) Statement-1 is correct but Statement-2 is
(b) 2 only incorrect
(c) 1, 2 and 3 (d) Statement-1 is incorrect but Statement-2
(d) 2 and 3 only is correct
11 www.visionias.in ©Vision IAS
50. The term “current Good Manufacturing 53. In the context of the government's initiatives
Practices”, recently seen in the news, is often to encourage manufacturing in India,
currently which of the following sectors is
used in the context of manufacturing of ?
not covered by the Production Linked
(a) Solar Panels
Incentive Scheme?
(b) Pharmaceutical products
(a) Manufacturing of Medical Devices
(c) Textiles (b) Construction
(d) Electronic item (c) Drones and Drone Components
(d) Specialty Steel

51. Consider the following statements, with


54. Consider the following statements about the
reference to the real effective exchange rate
Thirty Meter Telescope (TMT):
(REER) and nominal effective exchange rate
1. The project is solely funded and
(NEER): managed by the European Southern
1. The NEER is the current price Observatory.
consumers will pay to buy a foreign 2. It will be the world's largest ground-

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
eh
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that it is gaining trade competitiveness. correct?


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How many of the above statements are (a) 1, 2, and 4 only


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(b) 2 and 4 only


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correct?
ik
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(c) 3 and 4 only


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(a) Only one


(d) 1, 2, and 3 only
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(b) Only two


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(c) All three 55. In the context of economics, which of the


(d) None following is correct with respect to
Gresham's law?
(a) It relates amount of money supply in an
52. The term ‘Operation Amrith’ is sometimes
economy with inflation.
seen in the news in the context of:
(b) It relates the quality of currency (its
(a) supply of oxygen during the COVID-19
intrinsic value) to its circulation.
pandemic (c) It relates the GDP of a country to the
(b) antibiotic abuse level of employment.
(c) human trafficking (d) It relates the stability of a currency to the
polity of the country.
(d) conservation of marine biodiversity
12 www.visionias.in ©Vision IAS
56. In the context of international trade, India 59. Consider the following sectors:
has recently sought to establish a Bharat 1. Pharmaceuticals (Greenfield)
2. Food processing
Park trade zone in
3. Defence
(a) Kenya
In how many of the above sectors is FDI
(b) UAE permitted 100 percent through the automatic
(c) USA route?
(d) South Africa (a) Only one
(b) Only two
(c) All three
57. With reference to the Companies Act 2013,
(d) None
in which of the following cases do the
provisions of Corporate Social 60. With reference to sugarcane pricing policy in
Responsibility (CSR) apply to a company? India, consider the following statements:
1. Net worth of more than Rs.500 crore 1. The fair and remunerative price (FRP) of
sugarcane is announced by the Cabinet
2. Turnover of more than Rs.1000 crore
Committee on Economic Affairs.
3. Net annual profit of more than Rs.1 2. Recovery of sugar from sugarcane is one
crore of the factors considered for fixing the
Select the correct answer using the code FRP of sugarcane.
given below. 3. The State Advised Price of sugarcane is

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determined by the Commission for
(a) 1 only

.c
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) 2 and 3 only Which of the statements given above is/are


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(d) 1, 2 and 3 correct?


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(a) 1 and 2 only


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(b) 2 and 3 only


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58. Consider the following statements regarding


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(c) 1 only
l.
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the 1991 industrial policy:


ik

(d) 1, 2 and 3 only


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1. It has abolished industrial licensing in all


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the sectors. 61. Consider the following statements regarding


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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
13 www.visionias.in ©Vision IAS
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

66. Consider the following statements with


63. Consider the following statements, with reference to Bubble Baby Syndrome (BBS):
1. It is a genetic disorder.

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reference to the Social and Development
2. The only treatment for BBS is a heart
.c
Box (S & D Box) of the World Trade
transplant.ok
tlo
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Organisation: 3. Children with BBS are extremely


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1. These are “special and differential vulnerable to infectious diseases.


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Which of the statements given above is/are


treatment provisions” which give
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correct?
ar
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developing countries special rights to (a) 1 and 2 only


l.ku

treat them more favourably. (b) 3 only


hi
ik

(c) 1, 2, and 3
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2. The condition to use the S&D box


(d) 1 and 3 only
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revolves around human development


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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
14 www.visionias.in ©Vision IAS
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)

GDP. 2. Reduction in the number of public sector


2. 100 percent FDI is permitted in the
banks in India
automobile sector.
Which of the statements given above is/are 3. Establishment of an Asset
correct?
Reconstruction Fund
(a) 1 only
4. Regulation of interest rates by
(b) 2 only
(c) Both 1 and 2 Government
(d) Neither 1 nor 2
For the better regulation of banking sector in

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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(a) Only one (c) Only three


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(b) Only two


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(d) All four


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(c) All three


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(d) None
l.ku

72. Consider the following :


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70. Consider the following statements regarding


1. Cement
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SBI Green Rupee Term Deposit (SGRTD)


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nl
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scheme: 2. Petroleum Refinery Products

1. It seeks to mobilize funds to support 3. Automobiles


environment friendly initiatives and
4. Food processing
projects.
2. It is open to resident individuals, non- How many of the above are included in the
individuals, and NRIs. Index of Eight Core Industries (ICI)?
Which of the statements given above is/are
(a) Only one
correct?
(a) 1 only (b) Only two
(b) 2 only
(c) Only three
(c) Both 1 and 2
(d) Neither 1 nor 2 (d) All four
15 www.visionias.in ©Vision IAS
73. Consider the following statements: 75. Which of the following is not an industrial
Statement-I: A Developing country status corridor being developed by the Government
helps a country to receive preferential of India?
treatment and a longer transition period (a) Amritsar-Kolkata Industrial Corridor
before they are required to fully implement (b) Hyderabad-Warangal Industrial Corridor
World Trade Organization agreement. (c) Delhi-Nagpur Industrial Corridor
Statement-II: World Trade Organization (d) Guwahati-Kolkata Industrial Corridor
(WTO) has set criteria to define ‘developed’
and ‘developing’ countries for providing 76. With reference to Intellectual Property

various benefits. Rights, consider the following pairs:

Which one of the following is correct in Right Area Term of protection


1. Patent : 10 years and renewed
respect of the above statements?
for 10 years on
(a) Both Statement-I and Statement-II are
payment of additional
correct and Statement-II is the correct
fees.
explanation for Statement-I.
2. Geographical : 10 years
(b) Both Statement-I and Statement-II are
Indication
correct and Statement-II is not the
3. Copyrights : Authors’ lifetime + 60
correct explanation for Statement-I.
years for literary
(c) Statement-I is correct but Statement-II is
works

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incorrect.
4. Trade Secrets : 100 years
.c
(d) Statement-I is incorrect but Statement-II ok
How many of the above pairs are correctly
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is correct.
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matched?
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(a) Only one


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74. Consider the following statements regarding


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(b) Only two


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the Agriculture Infrastructure Fund (AIF): (c) Only three


m
ku

1. It is a short-term debt financing facility (d) All four


l.
hi

for investment in agriculture.


ik
rn

2. Its objective is to mobilise funds for the


fo

77. Consider the following pairs:


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creation of post-harvest management Report Released by


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infrastructure and community farm 1. The Future of : World Economic


assets. Jobs Report Forum
3. The scheme envisages mobilisation of 2. International Debt : International
Rs. 1 lakh crore by banks and financial Report Monetary Fund
institutions as loans for 2020-21 to 3. World Investment : World Bank
2025-26. Report
How many of the statements given above are How many of the above pairs are correctly
correct? matched?
(a) Only one (a) Only one
(b) Only two (b) Only two
(c) All three (c) All three
(d) None (d) None
16 www.visionias.in ©Vision IAS
78. Consider the following statements about the 80. Consider the following statements regarding
Shree Kalaram Temple: the peace clause at WTO:
1. It allowed developing countries to
1. The temple is located on the banks of the breach subsidy limits on food crops
river Kali in the state of Maharashtra. subject to certain conditions.
2. India became the first country to invoke
2. This temple derives its name from a
peace clause.
black statue of Lord Rama. 3. It was adopted at WTO's Bali Ministerial
3. The temple is also the site of a landmark Conference in 2013.
How many of the statements given above are
agitation led by Jyotiba Phule
correct?
demanding temple entry rights for dalits. (a) Only one
How many of the statements given above are (b) Only two
(c) All three
correct?
(d) None
(a) Only one
(b) Only two 81. Consider the following funds:
1. Rural Infrastructure Development Fund
(c) All three
2. Long Term Irrigation Fund
(d) None 3. Micro Irrigation Fund
4. Alternative Investment Funds
How many of the above funds are created or

om
79. With reference to ‘The Export Preparedness
operationalised under NABARD?

.c
Index (EPI) 2022’, consider the following (a) Only one ok
tlo
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statements: (b) Only two


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(c) Only three


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1. It is released by NITI Aayog in


eh

(d) All four


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association with Institute for


ar
m

Competitiveness. 82. Consider the following passage:


l.ku

Proba-3 is the world’s – first precision


hi

2. It is based on four pillars – Policy,


ik

formation flying mission. In this a pair of


rn
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Business Ecosystem, Export Ecosystem satellites will fly together maintaining a


y
nl

and Export Performance. fixed configuration as a ‘large rigid


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structure’ in space to prove formation flying


3. Under this index, the states are classified
technologies and rendezvous experiments. It
into three categories: coastal, is set to study the sun’s faint corona closer to
landlocked, and Union Territories/small the solar rim than has ever before been
achieved.
states.
Which of the following agencies has
Which of the statements given above are launched the above mentioned mission?
correct? (a) National Aeronautics and Space
Administration (NASA)
(a) 1 and 2 only
(b) European Space Agency (ESA)
(b) 2 and 3 only (c) Japan Aerospace Exploration Agency
(c) 1 and 3 only (JAXA)
(d) Roscosmos
(d) 1, 2 and 3
17 www.visionias.in ©Vision IAS
83. Consider the following statements with 85. Consider the following statements regarding
respect to the Mines and Minerals the National Jute Board:
(Development & Regulation) Amendment 1. It is a statutory body established under
Act, 2023: the National Jute Board Act, 2008.
1. Lithium, Beryllium, and Titanium were 2. The Headquarters of the National Jute
omitted from the list of twelve atomic Board is in Mumbai.
minerals. 3. It is under the administrative control of
2. Central Government to exclusively the Ministry of Agriculture.
auction mineral concessions for Critical How many of the statements given above are
Minerals. correct?
3. Auction premiums and other statutory (a) Only one
payments shall be received by the (b) Only two
Central Government. (c) All three
4. It allows pitting, trenching, and sub- (d) None
surface excavation as part of
reconnaissance, which was prohibited
86. Consider the following statements regarding
earlier.
Financial Intelligence Unit-India:
How many of the above statements are
1. It is a statutory body set up under the
correct?
Fugitive Economic Offenders Act.
(a) Only one
2. It reports directly to the Prime Minister's

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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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correct?
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(a) 1 only
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84. With reference to Direct to Mobile (D2M)


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(b) 2 only
Technology, consider the following
ar

(c) Both 1 and 2


m

statements:
ku

(d) Neither 1 nor 2


l.
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1. It does not require internet connectivity


ik
rn

to stream TV content directly to a


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87. Consider the following:


mobile phone.
y
nl

1. Uniform license for exploration and


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2. It is compatible with all types of mobile


production of all forms of hydrocarbon
network generations including 2G and
2. An open acreage policy
3G.
3. Profit sharing model
3. It can only be utilized for pre-recorded
videos. 4. Marketing and pricing freedom for the

4. It is similar to the technology behind an crude oil and natural gas produced

FM radio. How many of the above are the main


Which of the statements given above is/are features of the Hydrocarbon Exploration and
correct? Licensing Policy (HELP)?
(a) 1, 2 and 4 only (a) Only one
(b) 1 and 4 only (b) Only two
(c) 3 and 4 only (c) Only three
(d) 1, 3 and 4 only (d) All four
18 www.visionias.in ©Vision IAS
88. Consider the following statements regarding 90. Consider the following statements regarding

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

(c) 1 and 3 only (d) None

om
(d) 1, 2 and 3
.c
91. Poverty ok
Reduction and Growth Trust
tlo
(PRGT) and Resilience and Sustainability
ou
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89. With reference to the National Infrastructure Trust (RST) are the lending facilities to the
ta
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Investment Fund (NIIF), Consider the low-income countries by which one of the
.m
ar

following statements: following?


m
ku

(a) World Bank


l.

1. NIIF is an Indian government-backed


hi

(b) United Nations Development Program


ik
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entity established to provide long-term (c) International Monetary Fund


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capital to the infrastructure sector.


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(d) New Development Bank


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2. The Indian government has a 100 %


92. Which of the following can lead to more
stake in NIIF.
patents getting filed in India?
3. The Governing Council of NIIF is
1. Establishment of world class universities
chaired by the Prime Minister of India. 2. Cutting bureaucratic red-tape
How many of the above statements are 3. Fostering an entrepreneurial culture
correct? Select the correct answer using the code
given below.
(a) Only one
(a) 2 only
(b) Only two
(b) 1 and 2 only
(c) All three (c) 1 and 3 only
(d) None (d) 1, 2 and 3
19 www.visionias.in ©Vision IAS
93. Consider the following statements about 96. Which of the following factors have
Public Distribution System (PDS): contributed to the presence and development
1. It is operated under the joint of a large informal sector in the Indian
responsibility of the Central and the
economy?
State Governments.
1. Slow pace of labour reforms
2. It is intended to make available the
2. Low levels of skill development
entire requirement of foodgrains
distributed to any household in India. 3. Low levels of financial inclusion
Which of the statements given above is/are Select the correct answer using the code
correct? given below.
(a) 1 only (a) 1 and 3 only
(b) 2 only (b) 2 only
(c) Both 1 and 2
(c) 1 and 2 only
(d) Neither 1 nor 2
(d) 1, 2 and 3

94. With reference to International Finance


Corporation, consider the following 97. Which of the following is/are the key
statements: challenges that horticulture sector faces in
1. It is an arm of the International India?
Monetary Fund. 1. Post-harvest losses
2. It offers rupee denominated masala 2. Lack of quality planting material

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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
tlo
produce of small farmers
ou

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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eh

correct? given below.


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(a) 1 only (a) 1 only


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ku

(b) 2 only (b) 1 and 2 only


l.
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(c) 2 and 3 only (c) 2 and 3 only


ik
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(d) 1, 2 and 3
(d) 1, 2 and 3
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nl
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95. In the context of agricultural credit, consider


98. Which among the following form basis of
the following statements:
1. Formal sources account for more than 80 international trade?
per cent share of total agricultural credit. 1. Difference in natural resources
2. The ratio of agricultural credit to 2. Size of population
agricultural GDP has steadily declined 3. Extent of foreign investment
since the economic reforms in 1990s. Select the correct answer using the code
Which of the statements given above is/are
given below.
correct?
(a) 1 and 2 only
(a) 1 only
(b) 1 and 3 only
(b) 2 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3

20 www.visionias.in ©Vision IAS


99. Which of the following disasdvantages is/are
associated with granting subsidies?
1. They encourage inefficiency and
wasteful use of resources.
2. They help indicate the market supply of
a good.
3. They enhance inequality between the
rich and poor.
Select the correct answer using the code
given below.
(a) 1 only
(b) 1 and 3 only
(c) 3 only
(d) 2 and 3 only

100. Which of the following is/are steps taken by


the government to improve 'Ease of Doing
Business' in India?
1. Establishment of Real Estate Investment

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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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3. Implemention of Goods and Services


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Tax (GST)
m
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Select the correct answer using the code


l.
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given below.
ik
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(a) 1 and 3 only


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(b) 1, 2 and 3
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(c) 1 and 2 only


(d) 3 only

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