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HomePYQPrelims QuestionsEconomy2016

2016 Economy Practice Questions

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PYQ 2016EconomyGS1
Diff:Easy

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

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PYQ 2016EconomyGS1
Diff:Standard

Pradhan Mantri MUDRA Yojana is aimed at.

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PYQ 2016EconomyGS1
Diff:Standard

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.

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PYQ 2016EconomyGS1
Diff:Standard

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

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PYQ 2016EconomyGS1
Diff:Standard

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

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PYQ 2016EconomyGS1
Diff:Standard

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

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PYQ 2016EconomyGS1
Diff:Standard

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.

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PYQ 2016EconomyGS1
Diff:Standard

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

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PYQ 2016EconomyGS1
Diff:Standard

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

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PYQ 2016EconomyGS1
Diff:Standard

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.

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