Economics 3
Economics 3
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TEST BOOKLET
INSTRUCTIONS
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THE ANSWER SHEET.
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3. You have to enter your Roll Number on the Test Booklet in the Box l.c
provided alongside. Do NOT write anything else on the Test Booklet.
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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
development.
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Which one of the following is correct in Which one of the following is correct in
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
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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
correct?
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India
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(d) None
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of Corporate Affairs.
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17. Consider the following statements with 2. Battery electric vehicles of all types will
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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
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
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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
1. To provide an institutional mechanism
for pursuing market access is a: om
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2. To triple India’s share in world agri
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(a) Submarine
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given below.
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(d) Tank
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(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:
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
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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?
only two.
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correct?
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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
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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
(b) Only two on which duty is to be reduced, whereas,
(c) All three om
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in a Free Trade Agreement (FTA) there
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(d) None
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reduced or eliminated.
32. In the context of the India Meteorological
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Department (IMD), consider the following (b) In a customs union, partner countries
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1. The IMD was established in the pre- themselves, however, they maintain
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independence era.
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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
Employment and Labour
39. Consider the following statements regarding
Social Outlook Organization om
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Indian Agriculture sector (2020-21):
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Report Forum
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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
direct payments under regional
Development Act of 2006:
assistance programmes are kept under om
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1. An enterprise is considered a micro
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Blue Box.
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usable currencies.
but greater than 50 crores.
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
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.
means that the country's currency is
4. The primary location for TMT is the
usually worth less than the imported om
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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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(c) 1 only
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2. The only treatment for BBS is a heart
Box (S & D Box) of the World Trade
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transplant.
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correct?
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(c) 1, 2, and 3
2. The condition to use the S&D box
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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
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correctly matched?
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(d) None
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1. Cement
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is correct.
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matched?
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statements:
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correct?
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(a) 1 only
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(b) 2 only
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statements:
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mobile phone.
1. Uniform license for exploration and
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
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
(d) 1, 2 and 3
91. Poverty om
Reduction and Growth Trust
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Investment Fund (NIIF), Consider the low-income countries by which one of the
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following?
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following statements:
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poorest countries.
Select the correct answer using the code
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(d) 1, 2 and 3
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(d) 1, 2 and 3
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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
(c) 1 and 2 only
(d) 3 only