11. Bank Pasargad belongs to which country?
[A] Iran
[B] Germany
[C] Russia
[D] Sweden
Show Answer
Correct Answer: A [Iran]
Notes:
Bank Pasargad is also known as BPI, is a major Iranian private bank. The Government of India has approved a proposal from Iranian private lender Bank Pasargad to open a branch in India.
12. A company based IDF is regulated by which of the following?
[A] SEBI
[B] RBI
[C] SBI
[D] None of the above
Show Answer
Correct Answer: B [RBI]
Notes:
Infrastructure Debt Funds (IDFs) can be set up either as a Trust or as a Company. A company based IDF would normally be an NBFC regulated by the Reserve Bank.
13. What happens to corporate bond with a fixed interest rate, if interest rates in nation increase?
[A] decrease in value
[B] Be returned to corporation
[C] remain unchanged
[D] increase in value
Show Answer
Correct Answer: A [decrease in value]
Notes:
If interest rates in nation increase, a corporate bond with a fixed interest rate will decrease in value.
14. What does the structural changes in exports means?
[A] Change in the commodities of export
[B] Increasing exports along with the imports
[C] Increasing imports
[D] Change in the commodities of imports
Show Answer
Correct Answer: A [Change in the commodities of export]
Notes:
The structural changes in exports mean change in the commodities of export. The changing structure of India’s exports throws some Dynamic changes in the pattern of export of commodities would result in changing ranks.
15. Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India?
[A] Stabilization is a gradual, multi-step process while structural adjustment is a quick adaptation process
[B] Structural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation process
[C] Stabilization and structural adjustment are very similar and complementary policies. It is difficult to separate one from the other
[D] Stabilization mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments
Show Answer
Correct Answer: B [Structural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation process]
Notes:
New Economic Policy was adopted in 1991 based on Rao-Manmohan model. Stabilization component of any economy is essentially a short-term programme while the structural readjustment component is a long term process.
16. Persons below the poverty line in India are classified as such based on whether?
[A] they are entitled to a minimum prescribed food basket
[B] they get work for a prescribed minimum number of days in a year
[C] they belong to agricultural labourer household and the scheduled caste/tribe social group
[D] their daily wages fall below the prescribed minimum wages
Show Answer
Correct Answer: A [they are entitled to a minimum prescribed food basket]
Notes:
Poverty line in India is classified on the basis of calories per day available to a person. It is a simple average and does not show the actual availability to a person or a household.
17. Which among the following best describes scarcity in economics?
[A] Low demand for good
[B] High demand and less supply of good
[C] Low demand as people don’t want to consume it
[D] Goods available are not free
Show Answer
Correct Answer: D [Goods available are not free]
Notes:
Scarcity means limited goods are for more number of people. In an Economy the resources are scarce and the wants are unlimited.
18. Who was the first American to win Noble Prize in Economics in 1970?
[A] Janet Yellen
[B] Paul Samuelson
[C] Milton Friedman
[D] Alice Rivlin
Show Answer
Correct Answer: B [Paul Samuelson]
Notes:
Paul Samuelson is the foremost academic economist of the 20th century. He was the first American to win the Noble Prize in economics in 1970. He was awarded the National Medal of Science, America’s top science award, by Bill Clinton in 1996.
19. Which of the following is / are type(s) of Gene Modification of seed?
- Mutation of genes
- Insertion of genes
- Deletion of genes
Choose the correct option from codes given below:
[A] 1,2 and 3
[B] 1 and 2 only
[C] 2 only
[D] 1 and 3 only
Show Answer
Correct Answer: A [1,2 and 3]
Notes:
GM crops are the Genetically modified crops that involve mutation, insertion, and deletion of Genes. Genetic material(DNA) in the original seed is altered or artificially introduced using genetic engineering techniques.
20. What is growing of trees or shrubs around or among crops known as?
[A] Agro forestry
[B] Ally cropping
[C] Forestry
[D] Multi cropping
Show Answer
Correct Answer: A [Agro forestry]
Notes:
Agroforestry is a land use management system in which trees or shrubs are grown around or among crops or pastureland. This intentional combination of agriculture and forestry has varied benefits, including increased biodiversity and reduced erosion.
