Prelims Refresher Programme Test - 8

Question 1

Consider the following statements:

1. Merchandise (goods) exports as a percentage of GDP has been continuously increasing for India post-1991.
2. Merchandise exports as a percentage of GDP for India are almost the same as compared to the world average.

Which of the statements given above is/are correct?

Question 2

With reference to ‘National Technical Textiles Mission’, consider the following statements:

1. The mission aims to position India as a global leader in technical textiles.
2. It can help in increasing productivity in agriculture, horticulture and aquaculture fields.

Which of the statements given above is/are correct?

Question 3

With reference to the social services expenditure of Government, consider the following statements:

1. The expenditure on social services is more than one-fourth of total budgetary expenditure in year 2019-20.
2. Education receives the highest allotment among all social services.

Which of the statements given above is/are correct?

Question 4

Consider the following statements:

1. The contribution of the service sector is less than 50 per cent of the total size of the economy.
2. Service sector attracts more than 50 per cent of total Foreign Direct Investment (FDI) inflows into India.

Which of the statements given above is/are correct?

Question 5

Consider the following statements regarding New National Policy on Official Statistics:

1. It lays down a road-map towards modernised data collection, integrated information portal and timely dissemination of information.
2. It is based on the recommendations of the National Statistical Commission and the United Nations Fundamental Principles of Official Statistics.

Which of the statements given above is/are correct?

Question 6

Consider the following statements:

1. The foreign exchange earnings from the tourism sector has decelerated in 2018-19.
2. In terms of international tourist arrivals, India is ranked among the top ten nations in the world.

Which of the statements given above is/are correct?

Question 7

Consider the following statements:

1. India is ranked second in terms of spending in the space sector.
2. ISRO is engaging private players for the production of Polar Satellite Launch Vehicle (PSLV).

Which of the statements given above is/are correct?

Question 8

Which of the following best describes the term ‘Cobweb Phenomenon’?

Question 9

With reference to ‘National Time Release Study’, consider the following statements:

1. Its objective is to enable faster movement of cargo across borders to benefit traders.
2. It is being conducted by the Ministry of Commerce and Industry as part of its strategic commitment to improve global trade.

Which of the statements given above is/are correct?

Question 10

With reference to ‘National Infrastructure Pipeline (NIP)’, consider the following statements:

1. It intends to facilitate supply side interventions in infrastructure development to boost India's economic growth.
2. The projects will be entirely funded by the Central and State Government.

Which of the statements given above is/are correct?

Question 11

Which of the following are examples of Percussion Instruments?

1. Mridangam
2. Cymbals
3. Ravanahatha
4. Khadtal 

Select the correct answer using the code given below:

Question 12

Consider the following pairs of Indian folk music and states where they are practiced:

Folk Music	States
1. Bhatiali	Bihar
2. Bauls	Nagaland
3. Maand	Maharashtra

Which of the above is/are correctly matched?

Question 13

With respect to the Bodo Accord, consider the following statements:

1. It was signed between the Government of India, the Assam government and the Bodo groups.
2. It has removed the Bodoland Territorial Area District from the Sixth Schedule of the Constitution.
3. Bodo is the second largest tribe of Assam after Miri.

Which of the statements given above is/are not correct?

Question 14

With respect to Coronavirus, consider the following statements:

1. It is an RNA Virus which blends with the host's DNA and mutates rapidly.
2. Severe Acute Respiratory Syndrome and the Middle East Respiratory Syndrome are the two variants of coronaviruses.
3. It affects humans as well as animals.

Which of the statements given above is/are correct?

Question 15

Consider the following statements about Income Tax Appellate Tribunal (ITAT):

1. It is a quasi-judicial body.
2. The orders passed by the ITAT are final, an appeal lies to the High Court only if a substantial question of law arises for determination.

Which of the statements given above is/are correct?

Question 16

Corruption Perceptions Index is released by:

Question 17

Despite being a high saving economy, capital formation may not result in significant increase in output due to

Question 18

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if:

Question 19

Consider the following statements:

Human capital formation as a concept is better explained in terms of a process which enables

1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities of the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth

Which of the statements given above is/are correct?

Question 20

With reference to cultural history of India, consider the following statements:

1. Most of the Tyagaraja Kritis are devotional songs in praise of Lord Krishna.
2. Tyagaraja created several new ragas.
3. Annamacharya and Tyagaraja are contemporaries.
4. Annamacharya kirtanas are devotional songs in praise of Lord Venkateshwara.

Which of the statements given above are correct?

Question 21

With reference to the ‘Repo Rate’, consider the following statements:

1. It is the rate at which the Reserve Bank of India borrows money from commercial banks within the country.
2. At the time of inflation in the country, the repo rate is reduced.

Which of the statements given above is/are correct?

Question 22

Which of the following is not used by the RBI as the quantitative instrument of credit control?

Question 23

Which of the following reports is not published by the Reserve Bank of India?

Question 24

Consider the following items:

1. Currency notes in circulation with public
2. Vault cash with commercial banks
3. Deposits held by Government of India with RBI
4. Bank deposits with RBI under Cash Reserve Ratio

Which of the above constitute High Powered Money?

Question 25

Reserve bank of India has been publishing data on four alternative measures of money supply namely M1, M2, M3 and M4. With reference to this, consider the following statements:

1. M1 is the Currency with the public along with demand deposits with the banking system and her deposits with the RBI.
2. M3 is the combination of M1 and time deposits with the banking system.

Which of the statements given above is/are correct?

Question 26

Which one of the following is correct regarding Market Stabilisation Scheme (MSS):

Question 27

Which of the following is/are considered as trigger points for the imposition of Prompt Corrective Action by the Reserve Bank of India?

1. Low Capital to Risk Weighted Assets Ratio (CRAR)
2. High Net Non-Performing Assets (NPA)
3. Low Return on Assets (RoA)

Select the correct answer using the code given below:

Question 28

Consider the following statements:

1. The theatre-dance forms ‘Yakshagana’ and ‘Theyyam’ narrate legends of local heroes, kings and deities.
2. ‘Kalaripayattu’ and ‘Chhau’ are special forms of dance derived from martial arts.

Which of the statements given above is/are correct?

Question 29

Consider the following statements:

1. The “Natyashastra” of Bharat Muni deals with dramaturgy only.
2. Jaydeva’s “Gita Govinda” is based on the love of Radha and Krishna.

Which of the statements given above is/are correct?

Question 30

With reference to the Kalbelia dance, consider the following statements:

1. It is performed by the Kalbelia tribe of Gujarat.
2. It disseminates mythological knowledge through their dance and stories.
3. The Kalbelia tribe lives a nomadic life and belongs to the scheduled tribes.

Which of the statements given above is/are correct?

Question 31

Mathura School of arts was influenced by which of the following religions?

1. Buddhism
2. Jainism
3. Hinduism

Select the correct answer using the code given below:

Question 32

With reference to Ashokan Pillars, consider the following statements:

1. The core of these pillars are made of burnt bricks.
2. The Shaft of these pillars are monolithic.
3. These Pillars were erected independently.

Which of the statements given above is/are correct?

Question 33

With reference to the ‘Securities Appellate Tribunal’, consider the following statements:

1. It is a statutory body established under the Securities and Exchange Board of India Act, 1992.
2. It hears and disposes of appeals only against the orders passed by the Securities and Exchange Board of India.

Which of the statements given above is/are correct?

Question 34

With reference to the ‘Prohibition of Child Marriage Act, 2006’, consider the following statements:

1. It defines a child as a person who has not completed eighteen years of age.
2. It punishes a male as well as a female person above eighteen years of age for contracting child marriage.

Which of the statements given above is/are correct?

Question 35

Recently in the news “TrueNat” is related to:

Question 36

Regarding National Strategy for Financial Inclusion (NSFI), consider the following statements

1. It is an approach paper of the RBI to accelerate financial inclusion to promote economic wellbeing, prosperity and sustainable development.
2. It sets forth the vision and key objectives of the financial inclusion for the period 2019-2024.

Which of the statements given above is/are correct?

Question 37

Which of the following has/have occurred in India after its liberalization of economic policies in 1991?

1. Share of agriculture in GDP increased enormously.
2. Share of India’s exports in world trade increased.
3. FDI inflows increased.
4. India’s foreign exchange reserves increased enormously.

Select the correct answer using the codes given below:

Question 38

To obtain full benefits of demographic dividend, what should India do?

Question 39

With reference to the cultural history of India, consider the following statements:

1. White marble was used in making Buland Darwaza and Khankah at Fatehpur Sikri.
2. Red sandstone and marble were used in making Bara Imambara and Rumi Darwaza at Lucknow.

Which of the statements given above is/are correct?

Question 40

If the interest rate is decreased in an economy, it will:

Question 41

Consider the following statements about Capital Adequacy Ratio (CAR):

1. It is used to protect depositors and promote the stability and efficiency of financial systems around the world.
2. Under Basel III norms, the minimum capital adequacy ratio that banks must maintain is 8%.

Which of the statements given above is/are correct?

Question 42

Consider the following statements:

1. A futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future.
2. Futures contracts can not be used as hedging instruments in agricultural commodities.
3. Securities and Exchange Board of India (SEBI) is the regulatory authority for the commodity futures market in India.

Which of the statements given above is/are correct?

Question 43

Which of the following are examples of Money Market Instruments?

1. Treasury bills
2. Certificate of Deposit
3. Commercial Paper

Select the correct answer using the code given below:

Question 44

Consider the following statements on Participatory Notes:

1. P-Notes are derivative instruments issued in foreign jurisdictions by Foreign Institutional Investors (FIIs).
2. FII that issue P-Notes must register with the Securities and Exchange Board of India.

Which of the statements given above is/are correct?

Question 45

Consider the following statements:

1. Primary market is a capital market where existing securities are bought and sold.
2. Primary market is also known as the stock market.

Which of the statements given above is/are correct?

Question 46

Which of the following is not correct about the Non-Banking Financial Companies (NBFCs)?

Question 47

Consider the following statements:

1. The Currency Deposit Ratio (CDR) is the ratio of money held by the commercial banks with RBI to what they hold with themselves.
2. Reserve Deposit Ratio (RDR) is the proportion of total deposits that commercial banks are required to maintain in the form of government securities.

Which of the above given statements is/are correct?

Question 48

With reference to World Customs Organisation (WCO), consider the following statements:

1. WCO is an organisation under World Trade Organisation (WTO).
2. It administers the technical aspects of the World Trade Organization (WTO) Agreements on Customs Valuation and Rules of Origin.
3. India is the current regional head of Asia Pacific Region of the World Customs Organisation (WCO).

Which of the statements given above is/are correct?

Question 49

Consider the following pairs:

Puppetries	Types
1. Kundhei	String Puppet
2. Yampuri	Glove Puppets
3. Putul Nautch	Rod Puppets

Which of the pairs given above is/are correctly matched?

Question 50

Which of the following statements is/are correct regarding ‘Silambam’?

1. It is a hand-to-hand combat based martial art form.
2. It has been included in UNESCO's Representative List of Intangible Cultural Heritage.
3. It has been mentioned in the Sangam Literature.

Select the correct answer using the code given below:

Question 51

Consider the following statements:

1. India is the largest domestic market for civil aviation in the world.
2. The Airports Authority of India (AAI) of India is solely responsible for the operation, maintenance and development of airports in India.

Which of the statements given above is/are correct?

Question 52

‘ARTIS’ portal, recently seen in the news, is related to:

Question 53

Which of the following statements is/are correct with reference to ‘Special Open Market Operation’?

1. It is initiated by the Central government at the time of liquidity crunch.
2. It refers to the purchase of long term securities and the simultaneous sale of short term securities.

Select the correct answer using the code given below:

Question 54

The term ‘Deleverage’ used in economics refers to:

Question 55

Consider the following statements:

1. Bharat Bond Exchange Traded Fund (ETF) is India’s first debt Exchange Traded Fund.
2. ETF will help in deepening the bond market in India.

Which of the statements given above are correct?

Question 56

With reference to the ‘Household Consumer Expenditure Survey’, consider the following statements:

1. It is a biennial survey conducted by the Central Statistics Office.
2. It collects information regarding expenditure on the consumption of goods only.

Which of the statements given above is/are correct?

Question 57

White Island, recently in the news, is located in?

Question 58

With reference to the ‘Locust Warning Organisation (LWO)’, consider the following statements:

1. It is an international organization that issues alerts related to the locust situation to the global community.
2. It is headquartered in New Delhi.

Which of the statements given above is/are correct?

Question 59

Consider the following statements:

1. Disability-Adjusted Life Years (DALYs) is the sum of the years of potential life lost due to premature deaths and years lived with disability due to a disease or injury.
2. In India, the DALY rate in urban areas is twice that in rural areas.

Which of the statements given above is/are correct?

Question 60

With reference to the ‘National Industrial Corridor Development and Implementation Trust’, consider the following statements:

1. It monitors the development of industrial corridor projects in India.
2. Its administrative control lies with the Ministry of Finance.

Which of the statements given above is/are correct?

Question 61

Consider the following statements in context to ‘inflation’:

1. Core inflation takes into account changes in the price of food and energy.
2. Headline inflation is a measure of inflation which excludes items that face volatile price movement, notably food and energy.

Which of the statements given above is/are correct:

Question 62

Which of the following is not correct about GDP deflator?

Question 63

With reference to ‘Gross Fixed Capital Formation’, consider the following statements:

1. It refers to the net increase in physical assets.
2. It is a component of expenditure approach for calculating Gross Domestic Product.

Which of the following statements given above is/are correct?

Question 64

Which of the following is an example of Quinary Sector of the economy?

Question 65

Consider the following statements:

1. Consumer price index (CPI) is published monthly by the Office of Economic Advisor.
2. The Reserve Bank of India (RBI) is using Consumer Price Index-combined as the sole inflation measure for the purpose of monetary policy.
3. The dearness allowance of government employees and wage contracts between labour and employer is based on the Consumer Price Index (CPI).

Which of the statements given above is/are correct?

Question 66

With reference to India's Gross Domestic Product at Purchasing Power Parity (GDP-PPP) terms, consider the following statements:

1. GDP-PPP allows for comparison of quality of life in different countries.
2. In terms of GDP-PPP India is the 5^th largest economy in the World.

Which of the statements given above is/are correct?

Question 67

Consider the following statements:

1. Gross National Product (GNP) is the Gross Domestic Products (GDP) of a country added with its ‘income from abroad’.
2. Net National Product (NNP) of an economy is the GDP after deducting the loss due to ‘depreciation’.

Which of the following statements given above is/are correct?

Question 68

Which of the following statements regarding Amir Khusrow are correct?

1. He introduced a rag called sanam rag.
2. He evolved a style of light music, qawwali, by blending Hindu and Iranian systems.
3. The invention of Sitar was attributed to him.

Select the correct answer using the code given below:

Question 69

Under which of the following variety of musical instruments Veena and Santoor fall?

Question 70

Consider the following differences between Hindustani and Carnatic music:

1. Hindustani music is kriti-based while Carnatic is raga based.
2. Hindustani stresses on pure notes while the Carnatic is gamaka-based.
3. Hindustani music has sarangi as a major used instrument, while violin is a major instrument used in Carnatic.

Which of the statements given above is/are correct?

Question 71

With reference to Bharatnatyam, consider the following statements:

1. It starts with mangalam, an invocation to the god for blessings.
2. It is a classical dance form of Tamil Nadu.
3. The ‘Tanjore Quartet’ of the nineteenth century is related to it.

Which of the statements given above is/are NOT correct?

Question 72

This dance form is a living tradition and is performed in the Vaishnava monasteries. It is governed by strictly laid down principles in respect of hasta mudras, footworks, aharyas, music etc. Mahapurusha Sankaradeva introduced this dance form in the 15th century A.D. The dance form is:

Question 73

Vyom Mitra, recently seen in the news, is:

Question 74

‘Democracy Index’, recently in the news, is released by:

Question 75

Consider the following statements about the Central Adoption Resource Authority (CARA):

1. Central Adoption Resource Authority (CARA) is a statutory body under the Ministry of Home Affairs.
2. It is mandated to monitor and regulate in-country adoptions only.

Which of the statements given above is/are not correct?

Question 76

K9 VAJRA-T, recently in the news, is?

Question 77

If a commodity is provided free to the public by the Government, then

Question 78

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?

1. It decides the RBI’s benchmark interest rates.
2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
3. It functions under the chairmanship of the Union Finance Minister.

Select the correct answer using the code given below:

Question 79

A community of people called Manganiyars is well-known for their:

Question 80

Consider the following pairs:

Traditions	Communities
1. Chaliha Sahib Festival	Sindhis
2. Nanda Raj Jaat Yatra	Gonds
3. Wari-Warkari	Santhals

Which of the pairs given above is/are correctly matched?

Question 81

The Cabinet Committee of Economic Affairs (CCEA) has approved the creation of Agri-Market infrastructure fund. With reference to this, consider the following statements:

1. The fund will be used to provide loans to farmers at a subsidised rate for post-harvest storage of their produce.
2. The fund will be managed by NABARD.

Which of the statements given above is/are correct?

Question 82

Mid Day Meal Scheme was launched during which of the following five year plans?

Question 83

Consider the following statements about NITI Ayog:

1. It was formed via a resolution of the Union Cabinet.
2. It fosters Cooperative Federalism.
3. President of India acts as an Ex-officio chairperson of it.

Which of the statements given above is/are correct?

Question 84

With reference to the Most Favoured Nation (MFN) status under WTO, consider the following statements:

1. When a country is given MFN status it receives preferential treatment in terms of tariffs and quotas.
2. WTO allows a country to grant MFN status to only developing countries.

Which of the statements given above is/are correct?

Question 85

With reference to the new E-Commerce policy, consider the following statements:

1. It has set up an new E-Commerce regulator.
2. It lays down that vendors that have any stake owned by an e-commerce company cannot sell their products on that e-commerce company’s portal.

Which of the statements given above is/are correct?

Question 86

Which of the following were the conditions put forth by the International Monetary Fund for granting loans to India during the Economic Reform of 1991?

1. Devaluation of the rupee
2. Drastic reduction in the peak import tariff
3. Hike in Excise duties
4. Reduction in all government expenditure

Select the correct answer using the code given below:

Question 87

Consider the following statements with reference to Green Revolution:

1. During the first phase of the Green Revolution, use of HYV (High Yielding Variety) seeds primarily benefited the wheat growing regions only.
2. The spread of green revolution technology enabled India to achieve self-sufficiency in food grains.

Which of the statements given above is/are NOT correct?

Question 88

The Pala school of art flourished in which of the following regions?

Question 89

With reference to art of bronze-casting, consider the following statements:

1. The art of bronze-casting was practised on a wide scale by the Harappans.
2. The ‘lost wax’ process is a specific technique used for practising this art.
3. The Nataraja statue of Chola period is an example of bronze casting.

Which of the statements given above is/are correct?

Question 90

With reference to the Lord Bahubali statue at Gomateshwara, consider the following statements:

1. It is considered as the third incarnation of Lord Buddha.
2. It is the world's tallest monolithic free standing structure.
3. It is made of red sandstone found abundantly in the region.

Which of the statements given above is/are correct?

Question 91

Which of the following statements is/are correct regarding the Ambubachi festival?

1. It is an annual festival celebrated at Amruteshvara temple in Karnataka.
2. It belongs to the Shaivism cult of worshipping in Hinduism.
3. It involves sacrificing animals.

Select the correct answer using the code given below:

Question 92

Consider the following pairs:

Martial art form	State
1. Pari-khanda	Uttar Pradesh
2. Thang-Ta	Manipur
3. Thoda	Bihar
4. Gatka	Punjab

Which of the above pairs are correctly matched?

Question 93

With reference to Pneumonia, consider the following statements:

1. Pneumonia is an acute infection of the liver.
2. World’s first conference on Childhood Pneumonia was held in Geneva, Switzerland.

Which of the statements given above is/are correct?

Question 94

With reference to Iconic Sites in India, consider the following statements:

1. The Ministry of Culture is the nodal agency for the implementation of the ‘Iconic Tourist Sites Initiative’.
2. Recently the Harappan Civilisation sites, Rakhigarhi and Dholavira have been proposed to be developed as iconic sites.

Which of the statements given above is/are correct?

Question 95

Recently in the news, ‘Santusht Portal’ is related to:

Question 96

The state to which well known Patola Sarees belong is:

Question 97

Consider the following statements:

1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.
3. Treasury bills are offered at a discount from the par value.

Which of the statements given above is/are correct?

Question 98

Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in the news?

Question 99

What is the purpose of setting up Small Finance Banks (SFBs) in India?

1. To supply credit to small business units
2. To supply credit to small and marginal farmers
3. To encourage young entrepreneurs to set up business particularly in rural areas.

Select the correct answer using the code given below:

Question 100

Match List I with List II and select the correct answer using the code given below the lists:

	List I (Famous Temple)		List II (State)
A.	Vidyashankara temple	1.	Andhra Pradesh
B.	Rajarani temple	2.	Karnataka
C.	Kandariya Mahadeo	3.	Madhya Pradesh temple
D.	Bhimesvara temple	4.	Odisha

Code:

A B C D