| Q1 . | SATHI portal launched by the Union Minister of Agriculture and Farmer’s welfare will ensure— |
A.Quality assurance system, identify the source of seed in the seed production chain | |
B.Quality assurance system, identify the source of chemical fertilizer in the chemical fertilizer production chain | |
C.Remunerative price for organic products | |
D.The quick supply of agri- cultural inputs |
Ans:Quality assurance system, identify the source of seed in the seed production chain
| Q2 . | Which of the following state- ments is incorrect about Ajay Banga, the new President of the World Bank ? |
A.He took over the charge as the 14th President of the World Bank on June 2, 2023 | |
B.He is the US citizen of Indian origin | |
C.He is an Indian Citizen | |
D.The Padma Shri was Award to him by the President of India in 2016 |
Ans:He is an Indian Citizen
| Q3 . | Which of the following state is at the top in India Manufacturing Innovation Index 2022 ? |
A.Maharashtra | |
B.Kerala | |
C.Karnataka | |
D.Tamil Nadu |
Ans:Karnataka
| Q4 . | Farmers Distress Index has been developed by the scientists at— |
A.Central Arid Zone Research Institute, Jodhpur | |
B.Central Research Institute for Dryland Farming Hyderabad | |
C.Govind Ballabh Pant Agri- culture University, Pant Nagar | |
D.Punjab Agricultural Univer- sity Ludhiana |
Ans:Central Research Institute for Dryland Farming Hyderabad
| Q5 . | Which of the following state- ments is correct about ‘100 Days 100 Pays’ campaign ? |
A.Commercial banks will trace and settle the top 100 unclaimed deposits in every district within 100 days | |
B.100 beneficiaries of Sche- duled Caste/Schedule Tribes will be paid demand loan upto ` 10000 within 100 days | |
C.It is related to the recovery of bad debts | |
D.None of the above |
Ans:Commercial banks will trace and settle the top 100 unclaimed deposits in every district within 100 days
| Q6 . | Which of the following state- ments is incorrect about the recommendations of Trun Kapur Committee ? |
A.India should ban the use of diesel-powered four-wheeler vehicles by 2027 in cities with more than a million people and polluted towns | |
B.By 2030, no city buses should be added which are not electric | |
C.Diesel buses for city trans- port should not be added from 2024 onwards | |
D.New registrations of only electric-powered city delivery vehicles should be allowed from 2030 |
Ans:New registrations of only electric-powered city delivery vehicles should be allowed from 2030
| Q7 . | Which of the following state- ments is/are correct about Unified Payments Interface (UPI) services ? I. India’s digital UAE for payment system such as the UPI and/or RuPay are available in Singapore, Nepal, Bhutan and travelling there. II. For NRIs 10 countries (Australia, Canada, the UAE, Oman, Qatar, Singapore, Hong Kong, the UK and the USA) allow making pay- ments (UPI) through their local phone numbers. |
A.Only I is correct | |
B.Only II is correct | |
C.Both I and II are correct | |
D.Neither I nor II is correct |
Ans:Both I and II are correct
| Q8 . | Consider the following facts about railway network across the globe— I. Standard gauge (1,435 milli- metres,) is the most com- monly used gauge of the railways globally. II. Most of India’s major train operations are undertaken on broad gauge (1676 milli- metres). Which of the above statements is/are correct ? |
A.Only I | |
B.Only II | |
C.Both I and II | |
D.Neither I nor II |
Ans:Both I and II
| Q9 . | Consider the following state- ments about ‘Green Energy Open Access’— I. The Green Energy Open Access is allowed to any consumer and the limit of Open Access Transaction has been reduced from 1 MW to 100 kW for green energy. II. Commercial and Industrial consumers are allowed to purchase green power on voluntarily basis. III. Consumers are entitled to demand supply of Green Power from Discoms. Which of the above statements is/are correct ? |
A.Only I | |
B.Only II | |
C.Both I and II | |
D.Neither I nor II |
Ans:Both I and II
| Q10 . | Which of the following state- ments is/are correct ? I. Labour-market churn refers to the expected job move- ment, including new roles being created and existing roles destroyed, as a pro- portion of current employ- ment. II. Labour-market churn excludes situations where a new employee replaces someone in the same role. Correct code is— |
A.Only I | |
B.Only II | |
C.Both I and II | |
D.Neither I nor II |
Ans:Both I and II
| Q11 . | Consider the following state- ments in relation to WPI based inflation in India— I. WPI based inflation rates are estimated by the National Statistical Office. II. WPI based inflation came down the below zero level in April 2023. Which of the above statements is are correct ? |
A.Only I | |
B.Only II | |
C.Both I and II | |
D.Neither I nor II |
Ans:Only II
| Q12 . | Consider the following state- ments with regard to transfer of surplus by the RBI to central Government— I. Central Board of Directors approved the transfer of ` 87416 crore as surplus to the Union Government for the accounting year 2022-23. II. This amount is 188 per cent higher than the 2021-22’ surplus transfer of ` 30307 crore. Which of the above statements is/are correct ? |
A.Only I | |
B.Only II | |
C.Both I and II | |
D.Neither I nor II |
Ans:Both I and II
| Q13 . | Which of the following state of India does not have broad gauge railway network ? |
A.Arunachal Pradesh | |
B.Sikkim | |
C.Mizoram | |
D.Manipur |
Ans:Sikkim
| Q14 . | India’s exports to which of the following regions did not increase during the FY 2022-23 ? |
A.North America | |
B.Northeast Asia | |
C.European Union | |
D.Latin America |
Ans:Northeast Asia
| Q15 . | Which of the following state- ments is incorrect about Angel Tax ? |
A.Angel tax requires start-ups to pay income tax on capital received at a premium to their fair valuation | |
B.The excess of funds raised by unlisted company at prices above fair value is treated as income, on which tax is levied | |
C.Angel tax applies to resident Indian investors only | |
D.Investments over and above the fair market value are taxed at 22·88% |
Ans:Investments over and above the fair market value are taxed at 22·88%
| Q16 . | Which of the following state- ments is incorrect about Unique Land Parcel Number (ULPIN) ? |
A.Unique Land Parcel Identi- cation Number (ULPIN) is part of the Digital India Land Records Modernization Identification Programme (DILRMP). | |
B.ULPIN is a 14-digit identi- cation number accorded to a land parcel. | |
C.ULPIN is a Single, Autho- ritative Source of Truth for informaon any parcel of land or property | |
D.Government of India aims to provide ULPIN for each land parcel in rural and urban India by the end of FY 2024 Foreign |
Ans:Government of India aims to provide ULPIN for each land parcel in rural and urban India by the end of FY 2024 Foreign
| Q17 . | Consider the following pairs in relation to Geographical Indica- tion tag granted to various agricultural produce— I. Cumbum Panneer Thratchai grapes —Tamil Nadu Nagri Dubraj —Chhattisgarh II. III. Adamchini Chawal —Uttar Pradesh IV. Marcha Rice —Bihar How many pairs given above are matched correctly ? |
A.One | |
B.Two | |
C.Three | |
D.Four |
Ans:Four
| Q18 . | Index of Industrial Production (IIP) based growth rate of Eight core industries group in FY 2022- 23 is remained 7·6 per cent as compared to 10·4 per cent in FY 2021-22. Which of the following industry has registered highest growth in FY 2022-23 ? |
A.Coal | |
B.Fertilizers | |
C.Cement | |
D.Electricity |
Ans:Coal
| Q19 . | India’s exports to which of the following regions shows the positive growth during the FY 2022-23 ? |
A.GCC Nations | |
B.East Asia | |
C.South Asia | |
D.CIS Nations |
Ans:GCC Nations
| Q20 . | Which of the following state- ments is incorrect about Con- tingency Risk Buffer (CRB) with the Reserve Bank of India ? II. |
A.As per the expert committee to review the extant economic capital framework, CRB is required to be maintained within a range of 6·5 per cent to 5·5 per cent of RBI’s balance sheet | |
B.Within the CRB 5·5 per cent to 4·5 per cent should be main- tained for monetary and fina- ncial stability risks and 1 per cent for credit and operational risks | |
C.Central Board of Directors of RBI decided to keep CRB at 6·0 per cent during the accounting year 2022-23. | |
D.Central Board of Directors of RBI decided to keep CRB at 6·3 per cent during the accounting year 2021-22 |
Ans:Central Board of Directors of RBI decided to keep CRB at 6·3 per cent during the accounting year 2021-22
| Q21 . | Who among the following is the new Chairperson of the Com- petition Commission of India ? |
A.Ashok Kumar Gupta | |
B.Sangita Verma | |
C.Ravneet Kaur | |
D.Avanish Awasthi |
Ans:Ravneet Kaur
| Q22 . | Consider the following state- ments in relation to RBI asking customers to sign a new bank locker agreement— I. The relationship between the bank and the locker user is that of a lessor and lessee. II. Locker holder can store only the jewellery and documents inside the locker. III. Hoarded cash, arms and contraband goods cannot be stored in the bank locker. IV. Liability of a bank towards a loss faced by the user due to the bank’s negligence may be up to 100 times the pre- vailing annual locker rent. V. Bank is not liable to pay compensation for loss due to natural calamities or acts of God such as earthquakes or floods. Which of the above statements is/are correct ? |
A.Only I, II and III | |
B.Only IV and V | |
C.Only II and III | |
D.All I, II, III, IV and V |
Ans:All I, II, III, IV and V
| Q23 . | Competition Commission of India has set up its regional offices at— I. Mumbai II. Ahmedabad III. Chennai IV. Kolkata V. Bhopal Correct code is— |
A.Only I, II and III | |
B.Only II, III and IV | |
C.Only I, III and IV | |
D.All I, II, III, IV and V |
Ans:Only I, III and IV
| Q24 . | Consider the following state- ments— I. Logistic Performance Index is leased by the World Bank. II. LPI is the weighted average of country scores on six key dimensions. III. LPI 2023 has been released for 139 countries. IV. Singapore topped the LPI 2023. Correct code is— |
A.Only I, II and III | |
B.Only II, III and IV | |
C.Only I, III and IV | |
D.All I, II, III, IV |
Ans:All I, II, III, IV
| Q25 . | Which of the following state- ments is/are correct about the holdings of gold by various countries ? I. According to the RBI data, as of March 2023, India had foreign reserves worth ` 46,06,680 crore. Of this, gold reserves amounted to ` 3,71,500 crore. II. The WGC data show that as of March 2023, India holds 794·6 tonnes of gold in its official reserves. III. The US holds maximum gold reserves (8,133·46 tonnes) followed by Germany. IV. IMF is the third gold reserves holder. Correct code is— |
A.Only I and II | |
B.Only I, III and IV | |
C.Only IV | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q26 . | Consider the following facts about the Ways and Means Advances (WMA)— I. WMA is short-term credit (upto three months) pro- vided by the RBI to both Central and State govern- ments to bridge the tem- porary mismatch in their cash flows. II. WMA is not a resource to finance government expen- diture. III. WMA to the Centre was re- introduced on April 1, 1997 after a period of four decades when the system of ad hoc treasury bills, was abolished. IV. Interest rate on WMA is repo rate Which of the above statements is/are correct ? |
A.Only III and IV | |
B.Only I and II | |
C.Only I | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q27 . | Which of the following state- ments is/are correct about India’s foreign trade during the FY 2022-23 ? I. There was growth in exports to the European Union and the US, notwithstanding the economic downturn and heightened geopolitical risks in the developed world. II. A decline in exports to Northeast Asia, comprising China (– 27·9 per cent), Hong Kong (– 9·9 per cent), South Korea (– 17·7 per cent), Japan (– 11·5 per cent), pared India’s overall exports growth. III. ‘Zero Covid’ policy in China for most of FY23 reduced IV. Bangladesh demand for Indian goods. and Nepal, which were India’s fourth and eleventh-largest export destinations in FY22, drop- ped to the sixth and the eighteenth positions, res- pectively, in FY23. Correct code is— |
A.Only I, II and III | |
B.Only II, III and IV | |
C.Only I, III and IV | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q28 . | Applications of Quantum tech- nology is/are— I. Cryptography, drug dis- covery and material Science. II. Ultra-secure transmission of data III. GPS navigation, telecommu- nication and fundamental physics research IV. Energy storage and super- conductivity. Correct code is— |
A.Only I and II | |
B.Only II and III | |
C.Only I, III and IV | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q29 . | Consider the following facts about ‘1000 Spring Initiative’— I. ‘1000 Spring Initiatives’ was launched on 27 February, 2020 in Bhubhaneswar. II. '1000 Springs Initiative’ aims at improving access to safe and adequate water for the tribal communities living in difficult and inaccessible part of rural areas in the country. III. It is an integrated solution around natural springs. IV. It includes provision of infrastructure for piped water supply for drinking. Which of the above statements is/are correct ? |
A.Only I, II and III | |
B.Only II, III and IV | |
C.Only I, III and IV | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q30 . | Consider the following facts about Dabba Trading— I. Dabba trading is also known as box trading or bucket trading. II. It refers to an illegal practice of trading that takes place outside the purview of stock exchanges. III. Dabba trading is recognised as an offence under Section 23(1) of the Securities Con- tracts (Regulation) Act (SCRA), 1956. IV. Dabba trading falls within the purview of Sections 406, 420 and 120-B of the Indian Penal Code, 1870. Which of the above statements is/are correct ? |
A.Only I and II | |
B.Only III and IV | |
C.Only II and III | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q31 . | Reserve Bank of India has decided to withdraw ` 2000 denominations bank notes from the circulation. Which of the following statements in this regard is/are correct ? I. All banks will provide deposit and/or exchange facility for ` 2000 banknotes until September 30, 2023, starting from May 23, 2023. Exchange of ` 2,000 bank- notes can be made up to a limit of ` 20,000 at a time, at any bank starting from May 23. III. The facility for exchange of ` 2,000 notes, up to the limit of ` 20,000 at a time, will also be provided at the 19 regional offices of the RBI having issue departments from May 23. IV. Deposit into bank accounts in ` 2000 banknotes can be made in the usual manner. Correct code is— |
A.Only I | |
B.Only II and IV | |
C.Only II and III | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q32 . | Which of the following state- ments is/are correct in relation to legal tender ? I. Legal Tender is a coin or a banknote that is legally tenderable for discharge of debt or obligation. II. Legal Tender to banknotes is granted by the Reserve Bank of India. III. Fifty paise (half rupee) coin shall be legal tender for any sum not exceeding ten rupees. IV. Every banknote issued by Reserve Bank of India (` 2, ` 5, ` 10, ` 20, ` 50, ` 100, ` 200, ` 500 and ` 2000), unless withdrawn from circulation, is legal tender at any place in India in pay- ment or on account for the amount expressed therein, and is guaranteed by the Central Government. Correct code is— |
A.Only I, III and IV | |
B.Only I and II | |
C.Only III and IV | |
D.All I, II, III and IV |
Ans:All I, II, III and IV
| Q33 . | Consider the following facts about Foreign Exchange Mana- gement Act (FEMA) 1999— I. FEMA was enacted as a reform over Exchange Regulation Act (FERA) 1973. II. FEMA came into force on the 1st day of June, 2000. III. Violations of FEMA pro- visions are punishable only in monetary terms. Which of the above statements is/are correct ? |
A.Only I and II | |
B.Only II and III | |
C.Only II | |
D.All I, II and III III. |
Ans:Only I and II
| Q34 . | Consider the following facts about interest subvention scheme for agriculture and allied sector— I. Interest subvention scheme was announced in Union Budget 2006-07. II. The Government of India provided interest subven- tion of 2% to Public Sector Banks, Regional Rural Banks (RRBs) and Co-operative Banks in respect of short- term production credit up to ` 3 lakh provided to farmers out of their own resources. III. Private Sector Banks (in respect of loans given by their rural and semi urban branches) are also covered under the scheme. Correct code is— |
A.Only I and II | |
B.Only II and III | |
C.Only I and III | |
D.All I, II and III |
Ans:All I, II and III
| Q35 . | Consider the following state- ments about reverse mortgage— I. A reverse mortgage is a financial instrument II. Reverse mortgage for home owners who are 60 years or older enables the old age home owners to turn a portion of the equity in their house into a regular stream of income. III. It enables them a lump sum pay-out without having to sell the house property or make regular mortgage pay- ments. Which of the above statements is/are correct ? |
A.Only I | |
B.Only II and III | |
C.Only I and III | |
D.All I, II and III |
Ans:All I, II and III
| Q36 . | Which of the following Acts has/have been repealed so far— I. Foreign Exchange Regulation Act, 1973. II. Monopolies and Restrictive Trade Practices Act, 1969.III. The Conservation of Foreign Exchange and Prevention of Smuggling, Activities Act,1974. Correct code is - |
A.Only I | |
B.Only I and II | |
C.Only II | |
D.All I, II and III |
Ans:Only I and II
| Q37 . | Consider the following facts about ‘Bharat Tap Initiative’— I. The BHARAT TAP initiative was launched at the ‘Plumbex India’ exhibition on 12 May, 2022, II. BHARAT TAP initiative is to provide low-flow, sanitary- ware at scale, and thereby reduce water consumption at source considerably. III. The Union government plans to launch a rating system that will have 3, 4 and 5 star water fixtures based on water efficiency and will be governed under Bharat Tap. Which of the above statements is/are correct ? |
A.Only I | |
B.Only I and III | |
C.Only III | |
D.All I, II and III |
Ans:All I, II and III
| Q38 . | The total outlay approved for IT hardware PLI 2·0 is— |
A.` 15000 crore | |
B.` 17000 crore | |
C.` 20000 crore | |
D.` 22000 crore |
Ans:` 17000 crore
| Q39 . | Recently published RBI’s Report on Currency and Finance advised the Non-Banking Finance Com- panies to extend about ………… per cent of their gross credit to the power and vehicle/auto segments. |
A.50% | |
B.40% | |
C.30% | |
D.20% |
Ans:50%
| Q40 . | As per the provisional data released by the NSO IIP based growth rate of industrial pro- duction during the FY 2022-23 is reported as— |
A.5·1% | |
B.11·6% | |
C.3·4% | |
D.12·6% |
Ans:5·1%
Tags -Industry MCQ, Trade MCQ , Trade & Industry 2023, Industry Exam Question , MA Industry questions , MA Trade & Industry question