Project IAS LogoProject IAS Icon
HomeSubjectsCurrent AffairsPYQStudy PlanQuizBookmarks
Sign in
HomeSubjectsCurrent AffairsPYQStudy PlanQuizBookmarksSign in
Project IAS LogoProject IAS Icon
HomeSubjectsCurrent AffairsPYQStudy PlanQuizBookmarks
Sign in
HomeSubjectsCurrent AffairsPYQStudy PlanQuizBookmarksSign in
HomePYQPrelims QuestionsEconomy2016

2016 Economy Practice Questions

Filters

Subject

Year

26 years
2016EconomyGS1
Difficulty

India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which of the following has declared that ranking?

Select an option to verify your answer

2016EconomyGS1
Difficulty

Pradhan Mantri MUDRA Yojana is aimed at.

Select an option to verify your answer

2016EconomyGS1
Difficulty

With reference to the International Monetary and Financial Committee(IMFC), consider the following statements:
1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund(IMF) on the direction of its work.
2. The World Bank participates as an observer in IMFC’s meetings.

Select an option to verify your answer

2016EconomyGS1
Difficulty

In the context of which of the following do you sometimes find the terms ‘amber box, blue box and green box’ in the news?

Select an option to verify your answer

2016EconomyGS1
Difficulty

Which of the following best describes the term ‘import cover’, sometimes seen in the news?

Select an option to verify your answer

2016EconomyGS1
Difficulty

Consider the following statements:
1. New Development Bank has been set up by APEC.
2. The headquarters of New Development Bank is in Shanghai.

Select an option to verify your answer

2016EconomyGS1
Difficulty

With reference to ‘Financial Stability and Develo-pment Council’, consider the following statements:
1. It is an organ of NITI Aayog.
2. It is headed by the Union Finance Minister.
3. It monitors macroprudential supervision of the economy.

Select an option to verify your answer

2016EconomyGS1
Difficulty

Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buildings, machinery, etc.
2. Loans received from foreign governments
3. Loans and advances granted to the States and Union Territories

Select an option to verify your answer

2016EconomyGS1
Difficulty

There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalising subsidies
4. Reducing import duty

Select an option to verify your answer

2016EconomyGS1
Difficulty

What is/are the purpose/purposes of the Marginal Cost of the Fund-Based Lending Rate(MCLR) announced by RBI?
1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.
2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.

Select an option to verify your answer

2016EconomyGS1
Difficulty

The term ‘Core Banking Solution’ is sometimes seen in the news. Which of the following statements best describes/describe this term?
1. It is a network of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBI’s control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.

Select an option to verify your answer

2016EconomyGS1
Difficulty

The establishment of ‘Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?
1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.
2. Payment Banks can issue both credit cards and debit cards.
3. Payment Banks cannot undertake lending activities.

Select an option to verify your answer

2016EconomyGS1
Difficulty

What is/are the purpose/purposes of the Government’s ‘Sovereign Gold Bond Scheme’ and ‘Gold Monetization Scheme’?
1. To bring the idle gold lying with Indian households into the economy.
2. To promote FDI in the gold and jewellery sector.
3. To reduce India’s dependence on gold imports.

Select an option to verify your answer

2016EconomyGS1
Difficulty

With reference to ‘Bitcoins’, sometimes seen in the news, which of the following statements is/are correct?
1. Bitcoins are tracked by the Central Banks of the countries.
2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address.
3. Online payments can be sent without either side knowing the identity of the other.

Select an option to verify your answer

2016EconomyGS1
Difficulty

What is/are the purpose/purposes of ‘District Mineral Foundations’ in India?
1. Promoting mineral exploration activities in mineral-rich districts
2. Protecting the interests of the persons affected by mining operations
3. Authorizing State Governments to issue licenses for mineral exploration

Select an option to verify your answer

2016EconomyGS1
Difficulty

Which one of the following is the purpose of ‘UDAY’, a scheme of the Government?

Select an option to verify your answer

2016EconomyGS1
Difficulty

Which of the following is/are the advantage/ advantages of practicing drip irrigation?
1. Reduction in weed
2. Reduction in soil salinity
3. Reduction in-soil erosion

Select an option to verify your answer