Indian Economy MCQs

Notes:
Fund of Funds (FOF) is an investment vehicle that pools capital to invest in multiple mutual funds. FOFs do not invest in stocks or bonds directly. In India, FOFs are regulated by the Securities and Exchange Board of India (SEBI). They can invest in mutual funds within the same fund house (fettered) or across different fund houses (unfettered). FOFs offer diversification and professional fund management.

Notes:
In India, bank deposits that remain unclaimed or are not operated for 10 years or more are transferred by banks to the Depositor Education and Awareness Fund. The Reserve Bank of India framework requires banks to identify such inactive or unclaimed balances and follow the prescribed transfer process. This helps protect depositors’ money while keeping the funds traceable and available for lawful claims by the account holder or eligible claimant.

Notes:
The Reserve Bank of India uses the Cash Reserve Ratio under the Reserve Bank of India Act, 1934. CRR is the percentage of total deposits that banks must keep as reserves with RBI in cash only. An increase in CRR immediately reduces available funds for banks to lend. RBI reviews and announces CRR regularly in its monetary policy statements.

Notes:
Economic planning is listed in the Concurrent List, or List III, of the Seventh Schedule of the Constitution of India. The Concurrent List is a list of 52 items that both the central and state governments can make laws on. The Concurrent List includes topics such as criminal law, marriage and divorce, bankruptcy, and economic and social planning.

Notes:
White Label ATMs in India are owned and operated by non-banking entities authorized by the Reserve Bank of India since 2012. These ATMs do not display any bank logo and can be used by customers of any bank for basic transactions. Tata Communications Payment Solutions was the first company to set up White Label ATMs under the ‘Indicash’ brand in India.

Notes:
Vertical farming uses multi-storey buildings to grow crops in urban environments. The method utilizes hydroponics or aeroponics. This allows for agriculture independent from soil and weather conditions. The technique optimizes space and supports year-round production. Commercial vertical farms have been established in countries such as Japan, Singapore, and the United States since the early 2000s.

Notes:
Overall Trade-Distorting Domestic Support (OTDS) is defined in the context of WTO agriculture negotiations. OTDS includes Aggregate Measure of Support (AMS), Blue Box payments, and de minimis support. OTDS commitments were discussed during the Doha Round agriculture talks beginning in 2001. WTO ministerial conferences periodically review and negotiate OTDS reduction by member countries. India and other countries have submitted proposals focusing on agriculture OTDS at these negotiations.

Notes:
SPMCIL comprises four mints: India Government Mint in Mumbai, Hyderabad, Kolkata and Noida.

Notes:
Mission Saksham Anganwadi & Poshan 2.0 continues the Anganwadi-based nutrition and early childhood care framework for young children. Its services are meant for children from birth to 6 years of age, along with pregnant women and lactating mothers. The child-focused component covers growth monitoring, supplementary nutrition, preschool activities, health referral and related support, so the correct age group remains 0-6 years.

Notes:
Both statements are correct. Adopt a Heritage 2.0 is a programme of the Archaeological Survey of India under the Ministry of Culture. It invites public and private sector entities, NGOs, trusts and societies to help provide visitor-friendly amenities at protected monuments. The focus is on non-conservation support such as washrooms, drinking water, seating, signage and other facilities that improve the tourist experience while archaeological conservation remains with ASI experts.