1. This system connects bank branches to a 4.

Recently, which one of the following became

central server to help with transactions, the first nation that released the 'Taxonomy
customer service, and more. It enables banks on Green steel'?
to offer a multitude of customer-centric (a) India
services on a 24x7 basis from a single (b) Germany
location, supporting retail as well as corporate (c) USA
banking activities. Customers can access their (d) Japan

accounts from any branch, anywhere,

irrespective of where they have physically 5. Consider the following sectors:

opened their accounts. The RBI has launched 1. Fast moving consumer goods (FMCG)

"E-kuber" for the same. 2. Energy

3. Information Technology
The above paragraph mentions about:
How many of the sectors mentioned above
(a) Lead Bank Scheme
are represented in the Bharat-22 ETF?
(b) Core Banking Solutions
(a) Only one
(c) Aadhar-based Banking
(b) Only two
(d) United Payment Interface
(c) All three
(d) None
2. Consider the following:
1. Unemployment Allowance
6. Consider the following statements with
2. Social Security payments
respect to Corporate Social Responsibility in
3. Old age pension
India.
How many of the above are part of transfer
1. Corporate Social Responsibility in India
payments?
is governed by Section 135 of the
(a) Only one
Companies Act 2013.
(b) Only two
2. India is the first country to mandate and
(c) All three quantify CSR spending through
(d) None legislation .
3. Education, Health and Rural
3. Which of the following statements best development receive the smallest share of
describes the term “eDNA”? CSR funds.
(a) It is a segment of DNA that can move 4. Government-owned PSUs have the
from one location to another within a largest share in contributing towards
genome. India’s total CSR funds.
(b) It is a segment of DNA that does not code Which of the statements given above are
for proteins. correct?
(c) It is a region of DNA that is not easily (a) 1 and 3 only
detected in genome sequencing. (b) 2 and 3 only
(d) It is a genetic material left by organisms (c) 1 and 2 only
in the environment. (d) 1, 3 and 4 only

2 www.visionias.in ©Vision IAS

7. Consider the following statements with 10. With regards to the money supply in the
respect to India’s Iron and steel imports: economy, consider the following statements:
1. India imports more steel than it exports. Statement I: Money in the Savings account
2. Iron ore imports into India have increased multiplies more than the money in the Bank

significantly in recent years. locker.

Which of the statements given above is/are Statement-II: Money in the Savings account

not correct? undergoes multiplication, whereas money in

(a) 1 only the Bank locker does not.

(b) 2 only Which one of the following is correct in

respect of the above statements?
(c) Both 1 and 2
(a) Both Statement-I and Statement-II are
(d) Neither 1 nor 2
correct and Statement-II is the correct
explanation for Statement-I.
8. Consider the following statements regarding
(b) Both Statement-I and Statement-II are
GVA (Gross Value Added) and GDP (Gross
correct and Statement-II is not the correct
Domestic Product):
explanation for Statement-I.
1. While GVA depicts the state of economic
(c) Statement-I is correct but Statement-II is
activity from the producers' side, GDP
incorrect.
depicts the demand perspective.
(d) Statement-I is incorrect but Statement-II
2. GVA is a better reflection of productivity
is correct.
than GDP as it excludes indirect taxes.
Which of the statements given above is/are
11. In the context of unemployment survey, what
correct?
is the reference period of Current Weekly
(a) 1 only
Status (CWS) approach?
(b) 2 only (a) 15 days
(c) Both 1 and 2 (b) 180 days
(d) Neither 1 nor 2 (c) 7 days
(d) 30 days
9. In the context of capital markets, what does a
Scrip Issue refer to? 12. ‘Nano bubble technology’ sometimes
(a) Converting debt into equity shares for mentioned in the news is used to
existing shareholders. (a) understand the chronic lung conditions
(b) A company repurchasing its own shares caused by bacteria.
from the open market. (b) study obesity in the human body.
(c) Issuing new shares to shareholders (c) study the impact of nanoparticles on
without raising additional capital. various species.

(d) Offering existing shareholders the (d) clean the dirty pond water by removing

opportunity to buy shares at market price. algae and similar growths.

4 www.visionias.in ©Vision IAS
13. Consider the following statements regarding 16. Which of the following countries in the world
Participatory Notes (P-Notes): have become ‘Super-Aged’ Society?
1. Japan
1. They allow foreign investors to invest in
2. Italy
Indian securities without registering with
3. Nigeria
the Securities and Exchange Board of 4. Portugal
India (SEBI). 5. Soth Korea
2. These are issued by registered Foreign Select the correct answer using the code given
below.
Institutional Investors (FIIs) and serve as
(a) Only two
offshore derivative instruments linked to (b) Only three
Indian stocks. (c) Only four
Which of the statements given above is/are (d) All five
correct?
17. Consider the following statements:
(a) 1only
Statement I: In an event of hyperinflation, the
(b) 2 only budgetary allocation towards various
(c) Both 1 and 2 schemes is reduced.
(d) Neither 1 nor 2 Statement-II: Maintaining appropriate levels
of inflation is the goal of the Monetary Policy.
Which one of the following is correct in
14. National Farmers' Day (Kisan Diwas) is respect of the above statements?
celebrated in India to mark the birth (a) Both Statement-I and Statement-II are
anniversary of which personality? correct and Statement-II is the correct
(a) Swami Sahajanand Saraswati explanation for Statement-I.
(b) Both Statement-I and Statement-II are
(b) Chaudhary Charan Singh
correct and Statement-II is not the correct
(c) Dr. M.S Swaminathan explanation for Statement-I.
(d) Lal Bahadur Shastri (c) Statement-I is correct but Statement-II is
incorrect.
(d) Statement-I is incorrect but Statement-II
15. Consider the following statements:
is correct.
1. In Primary Market, new market securities
are traded where investors can both buy 18. Consider the following pairs:
and sell securities. Geographical indication State
2. In the Secondary Market, only existing products

securities are sold, where the price of 1. Adi Kekir ginger : Arunachal
securities is determined by the demand Pradesh
and supply of the market. 2. Kaji Nimu : Sikkim
Which of the statements given above is/are 3. Gharchola Sarees : Gujarat
How many of the above pairs are correctly
correct?
matched?
(a) 1 only
(a) Only one
(b) 2 only (b) Only two
(c) Both 1 and 2 (c) All three
(d) Neither 1 nor 2 (d) None
6 www.visionias.in ©Vision IAS
19. The Economic principle states that as 22. Consider the following statements about the
household income increases, the proportion "Prompt Corrective Action (PCA)":
of income spent on food decreases while 1. This framework was introduced in 2016
by the Reserve Bank of India (RBI).
spending on other goods and services like
2. Under the framework, banks with weak
education and recreation increases.
financial metrics are monitored.
Which of the following economic principles
3. Net Non-Performing Assets (NPA) is one
is being discussed in the passage given of the parameters to be considered for
above? PCA.
(a) Engel's Law How many of the above statements are not
(b) Pareto Principle correct?
(c) Giffen’s Paradox (a) Only one
(d) Say’s Law (b) Only two
(c) All three
(d) None
20. Consider the following statements regarding
Periodic Labour Force Survey (PLFS): 23. Which of the following is the correct
1. It is conducted by the National Statistical definition of “Bank Rate”?
Office under the Ministry of Statistics (a) It is the minimum rate set by the Reserve
and Programme Implementation. Bank of India below which banks are not
2. It provides only monthly estimates and no allowed to lend to their customers.
annual estimates. (b) It is the rate of interest at which the
central bank lends money to commercial
3. It covers the respondent age group from
banks.
21 years to 62 years for calculating the
(c) It is the rate of interest at which the
Labour force participation Rate.
central bank borrows money from
How many of the above statements are commercial banks.
correct? (d) It is a window for banks to borrow from
(a) Only one the Reserve Bank of India in an
(b) Only two emergency when inter-bank liquidity
(c) All three dries up completely.
(d) None
24. Consider the following statements regarding
the India Post Payment Bank (IPPB):
21. The Statutory Liquidity Ratio consists of
1. It is a scheduled payment bank offering
which of the following assets? range of products like savings and current
1. Gold accounts.
2. Cash 2. It is registered under Banking Regulation
3. Treasury bills Act, 1949.
4. Masala bonds 3. It can not accept any kind of demand
Select the correct answer using the code given deposits and NRI deposits.
How many statements given above are
below.
correct?
(a) 1, 2 and 3 only
(a) Only one
(b) 1 and 2 only (b) Only two
(c) 3 and 4 only (c) All three
(d) 1, 2, 3 and 4 (d) None
8 www.visionias.in ©Vision IAS
25. Consider the following statements: 27. Consider the following statements regarding

Statement I: Inflation redistributes wealth the 'Viksit Panchayat Karmayogi' Initiative:

1. The initiative promotes decentralized
from creditors to debtors.
governance and grassroot level decision
Statement II: Inflation reduces the purchasing
making.
power of money, enabling borrowers to repay
2. The initiative was launched by the
loans with money of lesser value than when Ministry of Panchayati Raj in
borrowed. collaboration with NITI Aayog.

Which one of the following is correct in Which of the statements given above is/are
correct?
respect of the above statements?
(a) 1 only
(a) Both Statement-I and Statement-II are
(b) 2 only
correct and Statement-II is the correct
(c) Both 1 and 2
explanation for Statement-I. (d) Neither 1 not 2
(b) Both Statement-I and Statement-II are

correct and Statement-II is not the correct 28. Which of the following is not correct
regarding Urban Co-operative Banks (UCBs)
explanation for Statement-I.
in India?
(c) Statement-I is correct but Statement-II is
(a) UCBs have been categorized into three
incorrect. tiers to strengthen the regulatory
(d) Statement-I is incorrect but Statement-II framework.
is correct. (b) UCBs have to extend 75% of their
advances to Priority Sector Lending.
(c) The urban cooperative banks are under
26. Consider the following statements regarding
the direct supervision of the RBI.
call money and notice money:
(d) Most of the UCBs fail to operate
1. Under the notice money market, funds are efficiently due to high cost-income ratio.
transacted on an overnight basis.

2. The Reserve Bank of India decides the 29. “Investment Facilitation for Development

interest rates in the call money markets. Agreement”, sometimes mentioned in news,
belongs to which one of the following
Which of the statements given above is/are
organizations?
correct?
(a) World Trade Organization
(a) 1 only
(b) World Economic Forum
(b) 2 only (c) International Monetary Fund
(c) Both 1 and 2 (d) United Nations Conference on Trade and

(d) Neither 1 nor 2 Development

10 www.visionias.in ©Vision IAS

30. Consider the following statements: 33. Which of the following best describes
Statement-I: The wealth tax was abolished in Pigovian Tax?
India just before the 2007-2008 global (a) It is a tax to discourage negative
financial crisis
production externalities.
Statement-II: The administrative costs
(b) It is a temporary tax on tax to fulfil a
incurred for recovering wealth tax were
higher social cause.
Which one of the following is correct in (c) Tax levied on imported goods which
respect of the above statements? distort the domestic market.
(a) Both Statement-I and Statement-II are (d) It is a tax levied upon digital assets
correct and Statement-II is the correct
legally recognised in India.
explanation for Statement-I
(b) Both Statement-I and Statement-II are
correct and Statement-II is not the correct 34. Nexus Report, recently seen in the news is
explanation for Statement-I released by:
(c) Statement-I is correct but Statement-II is (a) Intergovernmental Science-Policy
incorrect Platform on Biodiversity and Ecosystem
(d) Statement-I is incorrect but Statement-II
Services (IPBES)
is correct
(b) Intergovernmental Panel on Climate

31. Consider the following statements about Change (IPCC)

“Open Market Operations”: (c) United Nations Framework Convention
1. It is a qualitative tool to manage the on Climate Change (UNFCCC)
money supply in the market. (d) Convention on International Trade in
2. It includes the buy and sell of securities Endangered Species of Wild Fauna and
in the open market.
Flora (CITES)
3. Its performance in the market is regulated
by the SEBI.
How many of the above statements are not 35. With reference to the Indian Economy,
correct? consider the following statements:
(a) Only one 1. The base year of calculating the
(b) Only two National Accounts was revised from
(c) All three
2004-05 to 2011-2012.
(d) None
2. The headline growth rate is measured

32. When there is a decrease in the demand of by GDP at constant market prices.
money, which of the following is the most 3. The national accounting is based on the
likely consequence? United Nation’s System of
(a) The Reserve Bank of India will increase National Accounts (SNA)-2008.
the Statutory Liquidity Ratio.
How many of the statements given above are
(b) The Reserve Bank of India will increase
correct?
the Cash Reserve Ratio.
(c) The Reserve Bank of India will lower the (a) Only one
Bank Rate. (b) Only two
(d) The Reserve Bank of India will increase (c) All three
Repo Rate. (d) None
12 www.visionias.in ©Vision IAS
36. Consider the following statements with 39. Consider the following statements regarding
respect to the recently released 18th India the ‘Zero Based Budgeting (ZBB)’ in India:
State of Forest Report:
1. Under it, only the new proposals and
1. Total forest cover and tree cover
funds required are reviewed and justified
comprise less than 20% of the
2. In the government ministries, it was first
geographical area of the country.
2. Mangrove cover has decreased by 7.43 experimented after the 1991 Balance of
square km since 2021. Payment crisis
3. India State of Forest Report is brought out Which of the statements given above is/are
biennially by the Forest Research
correct?
Institute.
(a) 1 only
Which of the statements given above is/are
(b) 2 only
correct?
(a) 1 and 2 only (c) Both 1 and 2
(b) 1 only (d) Neither 1 nor 2
(c) 2 only
(d) 1, 2 and 3
40. Which of the following best describes the
term ‘fiscal drag’?
37. Which type of unemployment arises due to
(a) Fall in non-tax revenue due to the non-
mismatch between the supply and demand for
certain skills in the labour market? performance of Public Sector Companies
(a) Seasonal Unemployment (b) Significant economic decline during
(b) Structural Unemployment which trade and industrial activity are
(c) Frictional Unemployment reduced for successive quarters
(d) Disguised Unemployment
(c) Reduction in tax collection of the
government due to tax avoidance
38. Which of the following organizations/bodies
publishes/prepares the 'Decent Work in strategies
Nature Based Solutions' Report? (d) Greater tax burden on people when their
1. Food and Agriculture Organization income increases in a progressive
(FAO) taxation setup
2. United Nations Environment Programme
(UNEP)
41. Consider the following statements:
3. United Nations Development Programme
(UNDP) 1. Production taxes are independent of the
4. International Labour Organization (ILO) volume of production.
5. International Union for Conservation of 2. Product taxes are paid per unit of product.
Nature (IUCN) Which of the statements given above is/are
Select the correct answer using the code given
correct?
below.
(a) 1 only
(a) 1 only
(b) 3 and 5 only (b) 2 only
(c) 2, 4 and 5 only (c) Both 1 and 2
(d) 1 and 2 only (d) Neither 1 nor 2
14 www.visionias.in ©Vision IAS
42. Consider the following statements regarding 44. Arctic ocean was in the news recently due to
a type of financial institution : its snow and ice melting at an increasing rate.
In this context, which of the following seas
1. They can accept demand deposits.
are found in/part of the Arctic ocean?
2. They have to maintain Cash Reserve 1. Barents sea
Ratio. 2. Beaufort sea
3. They can take part in lending activities 3. Wandel sea
Select the correct answer using the code given
and issue credit cards.
below.
4. They were set up based on the (a) 1 and 2 only
recommendations of the Nachiket Mor (b) 2 and 3 only
committee. (c) 1 and 3 only
(d) 1, 2 and 3
Which of the following types of financial
institutions are best described by the 45. Consider the following measures:
statements given above? 1. Giving a fiscal stimulus package to boost
(a) Small Finance Banks the economy
2. Higher tax revenue collected during an
(b) Payment Banks
economic boom due to progressive
(c) Non-banking Financial Companies taxation
(d) Regional Rural Banks 3. Launching infrastructure projects to
create jobs
4. Increasing taxes to curb inflation
43. Which of the following statements best
How many of the measures given above are
describes the term "financialization of capital examples of discretionary fiscal policy?
markets", recently seen in the news? (a) Only one

(a) It refers to the process where financial (b) Only two

(c) Only three
markets and institutions increasingly
(d) All four
dominate economic activities,
prioritizing financial motives over 46. Which of the following statements best

traditional production. describes the term 'skimpflation'?

(a) It is a type of inflation because of the
(b) It refers to increased trading of financial
rising wages of the labourers.
derivatives, which amplify market (b) It is a situation where the quality of goods
volatility and risk. or services is reduced while the price

(c) It denotes a complete withdrawal of remains the same.

(c) It is a unique situation in the economy in
financial instruments from capital
which inflation exists alongside
markets. unemployment.
(d) It indicates a decrease in the use of equity (d) It is the gradual reduction in the rate of

and debt instruments in raising capital for inflation even when the prices of
consumer goods are higher than normal.
businesses.
16 www.visionias.in ©Vision IAS
47. Indian scientists have successfully used gene 50. Consider the following places often seen in
therapy to treat Haemophilia A, in this the news:
Places often mentioned in Country
context consider the following statements
the news
about Haemophilia A:
1. Gudauri : Syria
1. Haemophilia A is a bleeding disorder
2. Baalbek : Israel
caused by blood deficiency of clotting 3. Idlib : Georgia
factors. 4. Nuseirat : Lebanon
2. A child inherits this disease entirely from How many of the above pairs are correctly
mother and not from father. matched?
(a) Only two pairs
Which of the statements given above is/are
(b) Only three pairs
correct?
(c) All four pairs
(a) 1 only (d) None of the pairs
(b) 2 only
(c) Both 1 and 2 51. Consider the following statements regarding
Options:
(d) Neither 1 nor 2
1. A call option gives the holder the right to
buy an underlying asset at a
48. Consider the following: predetermined price.
1. Scheduled Commercial Banks 2. A put option gives the holder the right to
2. Foreign Banks operating in India sell an underlying asset at a
predetermined price.
3. Regional Rural Banks
3. Both call options and put options obligate
How many of the above can avail the the holder to buy or sell the underlying
'Marginal Standing Facility' in India? asset at expiration.
(a) Only one How many of the statements given above
are correct?
(b) Only two
(a) Only one
(c) All three
(b) Only two
(d) None (c) All three
(d) None
49. Consider the following:
52. Consider the following statements regarding
1. Cash Management Bills
functions of RBI in India:
2. Repayment of loan by the Bhutanese 1. Only RBI can issue currency notes.
government to the Government of India 2. RBI carries out sale and purchase of
3. Disinvestment proceeds from the Central treasury bills of state as well as central
Public Sector Enterprises (CPSEs) government.
3. RBI manages the Foreign Exchange
Which of the items given above is part of the
Management Act, 1999.
debt capital receipt of the Government of Which of the statement(s) given above is/are
India? correct?
(a) 1 and 2 only (a) 1 and 3 only
(b) 1 and 3 only (b) 2 only
(c) 2 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
(d) 1, 2 and 3
18 www.visionias.in ©Vision IAS
53. Consider the following information: 55. Consider the following statements:
Consumer Calculating Usage 1. The Bitcoin is based on blockchain
Price Authority technology, whereas the Central Bank
Digital Currency is not.
Indices
2. The Central Bank Digital Currency is a
(CPI)
legal tender, whereas Bitcoin is not.
1. CPI for Labour Wage
Which of the statements given above is/are
Industrial Bureau indexation
correct?
Workers in the (a) 1 only
(IW) organized (b) 2 only
sector (c) Both 1 and 2
2. CPI for Department Determining (d) Neither 1 nor 2

Agricultural of wages under

56. Which one of the following statements
Labourers Agriculture MGNREGA
regarding Commercial Paper (CP) is not
(AL)
correct?
3. CPI National Inflation
(a) It is an unsecured money market
Combined Statistical measure for instrument issued in the form of a
(CPI-C) Office monetary promissory note.
policy (b) It is issued at a discount to face value
In how many of the above rows is the given (c) Only a scheduled bank can act as an
information correctly matched? Issuing and Paying Agent for the issuance

(a) Only one of a CP.

(d) Non-Resident Indians (NRIs) cannot
(b) Only two
invest in CPs.
(c) All three
(d) None
57. Consider the following statements with
respect to European Free Trade Association
54. In the context of the types of Inflation, (EFTA) ties with India:
consider the following statements: 1. EFTA is an intergovernmental
1. Headline Inflation refers to the change in organisation of four member countries
the value of all goods in the basket which are a part of the European Union.

including food and fuel. 2. Switzerland is the biggest trade partner

with India among the EFTA countries.
2. Headline Inflation is more volatile than
3. EFTA’s first free trade agreement was
core inflation.
signed with Spain.
Which of the statements given above is/are
Which of the statements given above are
correct? correct?
(a) 1 only (a) 1 and 2 only
(b) 2 only (b) 1 and 3 only
(c) Both 1 and 2 (c) 2 and 3 only
(d) Neither 1 nor 2 (d) 1, 2 and 3

20 www.visionias.in ©Vision IAS

58. Consider the following statements regarding 61. Archaea, sometimes seen in the news, are:
public debt in India: (a) single-celled organisms that thrive in
1. The internal debt of the Union extreme environmental conditions.
Government has steadily increased in the (b) a type of bacteria used in genetic
engineering for producing biofuels.
last five years.
(c) multi-celled microorganisms found only
2. The total external debt has steadily
in deep ocean hydrothermal vents.
decreased in the last five years.
(d) a group of viruses known for their role in
Which of the statements given above is/are climate change mitigation.
correct?
(a) 1 only 62. Which of the following statements is not
(b) 2 only correct?
(c) Both 1 and 2 (a) NDP= GDP- Depreciation
(d) Neither 1 nor 2 (b) GDP at Market Price=GDP at Factor
Cost−Indirect Taxes+ Subsidies
(c) NNP at Factor Cost=GNP at Factor
59. Consider the following:
Cost−Depreciation
1. Open Market Operation
(d) NNP at Market Price=NNP at Factor
2. Margin requirements
Cost+ Indirect Taxes−Subsidies
3. Marginal Standing Facility
4. Liquidity Adjustment Facility 63. Arrange the following in the chronological
5. Moral Suasion order.
6. Direct action 1. Establishment of NABARD
Which of the above are qualitative tools of the 2. Introduction of Regional Rural Banks
Monetary Policy? (RRBs)
(a) 1, 3, and 4 only 3. Introduction of Priority Sector Lending
Select the correct answer using the code given
(b) 2, 3, 4, and 5 only
below.
(c) 2, 5, and 6 only
(a) 1-2-3
(d) 1, 2, 3, 4, 5, and 6
(b) 2-3-1
(c) 3-2-1
60. Consider the following statements about (d) 3-1-2
'Depreciation':
1. It is an accounting method that represents 64. In the context of the Kaveri Engine, consider
how much of an assets' value is yet to be the following statements:
used up. 1. It is an indigenous gas turbine engine
developed by the Gas Turbine Research
2. Depreciation is only added while
Establishment.
calculating GDP through expenditure
2. Currently, it has been used in the Light
method.
Combat Aircraft.
Which of the statements given above is/are
Which of the statements given above is/are
correct? correct?
(a) 1 only (a) 1 only
(b) 2 only (b) 2 only
(c) Both 1 and 2 (c) Both 1 and 2
(d) Neither 1 nor 2 (d) Neither 1 nor 2
22 www.visionias.in ©Vision IAS
65. Consider the following statements regarding 69. Consider the following statements about the
progressive taxation: Liquidity Adjustment Facility:
1. It is a tax that takes a larger percentage of 1. It is a monetary policy tool used by the
income from high-income groups than Reserve Bank of India (RBI).
from low-income groups. 2. It allows banks to borrow money from the
2. It helps in reducing inequalities of RBI or lend money to the RBI.
income and wealth. 3. It focuses on long-term exchanges of
Which of the statements given above is/are money.
correct? 4. This facility does not require any
(a) 1 only collateral.
(b) 2 only How many of the above statements are
(c) Both 1 and 2 correct?
(d) Neither 1 nor 2 (a) Only one
(b) Only two
66. Which of the following best describes (c) Only three
'deflationary gap'? (d) All four
(a) It is the difference between an economy's
nominal GDP and real GDP. 70. Consider the following committees:
(b) It is the difference between the repo rate 1. Nachiket Mor Committee
and reverse repo rate. 2. Narasimham Committee
(c) The gap between the aggregate demand 3. Raghuram Rajan Committee
and aggregate supply at the full- 4. Ramnath Kovind Committee
employment level. 5. SN Verma Committee
(d) It is the gap between the real interest rate 6. Urjit Patel Committee
and the nominal interest rate, Which of the above are associated with
Banking sector reforms in India?
67. Consider the following taxes: (a) 1, 2, 3, 4, 5 and 6
1. Excise duty on petroleum (b) 1, 2, 3, 5 and 6 only
2. Custom duty (c) 2, 3 and 4 only
3. Stamp Duty (d) 1, 5 and 6 only

Which of the taxes given above are examples

of regressive tax? 71. Consider the following:

(a) 2 and 3 only 1. Securities Contracts (Regulations) Act,

(b) 1, 2 and 3 1956

(c) 1 and 2 only 2. Companies Act, 2013

3. Depositories Act, 1996
(d) 1 and 3 only
4. SEBI Act, 1992
Which of the above acts/provisions regulates
68. Companies in India pay corporate tax under
the Capital Market in India?
which law?
(a) 1, 3, and 4 only
(a) Companies Act, 2013
(b) 1, 2 and 4 only
(b) Income Tax Act, 1961
(c) 2 and 3 only
(c) The Reserve Bank of India Act, 1934
(d) 1, 2, 3 and 4
(d) The GST Act, 2016
24 www.visionias.in ©Vision IAS
72. Consider the following statements regarding 75. Consider the following statements:
Cash Reserve Ratio (CRR) and Statutory 1. Equity shareholders have voting rights in
Liquidity Ratio (SLR): the company, while preference
1. The SLR deposits includes gold, while
shareholders do not have voting rights.
the CRR does not.
2. Banks earn interest on SLR deposits 2. In the event of liquidation, preference
while not on CRR deposits. shareholders are paid before equity
3. While SLR deposits are kept with the shareholders.
Reserve Bank of India, the CRR deposits 3. Equity shares typically provide a fixed
are kept with the banks themselves.
rate of dividend, while preference shares
How many of the above statements are
can offer variable dividends based on
correct?
(a) Only one company performance.
(b) Only two How many of the statements given above are
(c) All three correct?
(d) None (a) Only one
(b) Only two
73. Consider the following statements regarding
(c) All three
the United Nations Disengagement Observer
Force (UNDOF): (d) None
1. It was established to monitor the ceasefire
between Israel and Syria. 76. Which of the following is excluded from the
2. It operates in the Golan Heights region Revenue Deficit while calculating the value
and ensures the implementation of the
of Effective Revenue Deficit (ERD)?
disengagement agreement.
(a) Interest payment
3. India is the largest military contributor to
UNDOF. (b) Tax expenditure
How many of the statements given above are (c) Expenditure on defence
correct? (d) Grants for creation of capital assets
(a) Only one
(b) Only two
77. With reference to Bluetooth Low Energy
(c) All three
(BLE) Gateway, consider the following
(d) None
statements:
74. How many of the following institutional 1. Bluetooth Low Energy (BLE) Gateway
entities are included under the category of devices can support data transmission up
Qualified Institutional Buyers (QIBs) as per to 1 km in line-of-sight scenarios.
the SEBI regulations?
2. BLE Gateway devices are fully
1. Mutual Funds
compatible with mobile apps and cloud
2. Insurance Companies
3. Foreign Portfolio Investors platforms.
4. Scheduled Commercial Banks Which of the statements given above is/are
Select the correct answer using the code given correct?
below. (a) 1 only
(a) Only one
(b) 2 only
(b) Only two
(c) Only three (c) Both 1 and 2
(d) All four (d) Neither 1 nor 2
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78. With reference to the Over-The-Counter 81. Which one of the following is the context in
(OTC) market, consider the following
which the term “Willow chips" is recently
statements:
1. OTC market operates without a mentioned in the news?
centralized exchange. (a) Quantum Computing
2. It allows for greater flexibility in terms of
(b) Quantum Dots
contract specifications compared to
formal exchanges. (c) Bluetooth based communication
3. OTC trading can involve stocks, bonds, technology
and derivatives.
How many statements given above are (d) Supercomputers
correct?
(a) Only one
82. Consider the following statements:
(b) Only two
(c) All three 1. India has more internal debt than external
(d) None debt.
2. Majority of the debt in India is held by the
79. Consider the following statements:
Statement I: GDP does not reflect income state governments.
distribution within a country.
Which of the statements given above is/are
Statement II: GDP growth can occur even
when the majority of the population correct?
experiences declining living standards. (a) 1 only
Which one of the following is correct in
(b) 2 only
respect of the above statements?
(a) Both Statement-I and Statement-II are (c) Both 1 and 2
correct and Statement-II is the correct (d) Neither 1 nor 2
explanation for Statement-I
(b) Both Statement-I and Statement-II are
correct and Statement-II is not the correct 83. Consider the following statements with
explanation for Statement-I
reference to Gender Budgeting in India:
(c) Statement-I is correct but Statement-II is
incorrect 1. It refers to the practice of allocating the
(d) Statement-I is incorrect but Statement-II highest funds to the Ministry of Women
is correct
and Child Development.

80. How many of the following events can lead 2. Gender Budget Statement was first
to a decline in the capital market?
introduced in Budget 2005-06.
1. Foreign Portfolio Investors (FPIs) sell-off
2. Increase in interest rates Which of the statements given above is/are
3. Poor corporate results correct?
Select the correct answer using the code given
(a) 1 only
below.
(a) Only one (b) 2 only
(b) Only two (c) Both 1 and 2
(c) All three
(d) Neither 1 nor 2
(d) None
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84. Which of the following best describes the 87. Consider the following statements about the
'Basic Price'? tax-to-GDP ratio:
1. The direct tax-to-GDP ratio in India
(a) It is the cost of goods and services at the
surpassed 10% for the fiscal year 2024.
point of production, excluding taxes and
2. Developed nations have a lower tax-to-
subsidies. GDP ratio, while that of developing
(b) Total expenses incurred in the production nations tend to be higher.

of goods or services, encompassing Which of the statements given above is/are

correct?
payments made to the factors of
(a) 1 only
production (b) 2 only
(c) It is the cost of goods and services at the (c) Both 1 and 2
point of production, including taxes and (d) Neither 1 nor 2

subsidies.
88. Consider the following statements with
(d) It represents the prices at which goods
reference to the measures of money supply in
and services are bought and sold in the India:
marketplace 1. Reserve Money (M0) is the total liability
of the monetary authority of the country.
2. Among all the measures of money
85. What is "Melye-amiley" sometimes
supply, M4 is the most liquid.
mentioned in the news?
3. M1 is the most commonly used measure
(a) It is a unique natural fiber extracted from of money supply.
the seed pods of milkweed. How many of the above statements are

(b) It is a commercially cultivated fungus correct?

(a) Only one
grown in the Eastern Himalayan regions.
(b) Only two
(c) It is a traditional fermented bamboo shoot (c) All three
having anti-obesity effects. (d) None
(d) It is a bio-derived foam to reduce plastic
89. Consider the following conditions:
pollution.
1. If the country experiences a sustained
decline in debt-to-GDP ratio.
86. Equalisation Levy, introduced by the Finance 2. If a country prioritises borrowings to
Act, 2016, primarily targeted which of the meet domestic goals rather than external
following entities? grants.
Which of the above conditions shows a
(a) Angel Investors
positive sign for a country's fiscal
(b) Foreign Banks having more than 20
sustainability ?
branches in the country (a) 1 only
(c) Retail Investors (b) 2 only

(d) Online Advertisement Services and (c) Both 1 and 2

(d) Neither 1 nor 2
digital space
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90. The Basel III Accord sets standards upon 93. Consider the following statements about the
which of the following? Monetary Policy Committee (MPC)?
1. Leverage rate 1. It is a statutory body under the Banking
2. Capital Adequacy Ratio Regulation Act, 1949.
3. Liquidity Coverage Ratio (LCR) 2. It consists of six members, including the
4. Net Stable Fund Rate Governor of RBI.
Select the correct answer using the code given 3. The Central government members are
below. elected by single transferrable vote.
(a) 1, 2 and 3 only
How many of the above statements are
(b) 1, 2 and 4 only
correct?
(c) 2 and 3 only
(a) Only one
(d) 1, 2, 3 and 4
(b) Only two
(c) All three
91. Consider the following statements regarding
(d) None
'Money':
1. It is a medium of exchange.
2. It is a store of value as well as unit of 94. Consider the following statements:
account. 1. Unlike real GDP, nominal GDP does
3. It eliminates 'double coincidence of not account for any inflation in the
wants'. economy.
How many of the above statements are 2. During inflationary periods, nominal
correct? GDP will be higher than real GDP.
(a) Only one Which of the statements given above is/are
(b) Only two correct?
(c) Only three (a) 1 only
(d) All four (b) 2 only
(c) Both 1 and 2
92. At the United Nations Convention to Combat (d) Neither 1 nor 2
Desertification COP16, India showcased its
innovative Aravalli Green Wall Project 95. Consider the following statements regarding
(AGWP), which among the following are the the gig economy:
objectives of this project?
1. The gig economy primarily includes
1. To increase the green cover and
workers engaged in temporary, flexible,
biodiversity of the Aravalli through
and freelance jobs facilitated by digital
planting native and non-native tree
platforms.
species.
2. Gig workers have always been entitled to
2. To prevent eastward expansion of the
the same social security benefits as
Thar Desert.
regular employees under Indian labor
3. To protect NCR of Delhi from dust
storms and pollution. laws.
Select the correct answer using the code given Which of the statements given above is/are
below. correct?
(a) 1 and 2 only (a) 1 only
(b) 1 and 3 only (b) 2 only
(c) 1, 2 and 3 (c) Both 1 and 2
(d) 2 and 3 only (d) Neither 1 nor 2
32 www.visionias.in ©Vision IAS
96. Consider the following statements about the 98. Consider the following statements regarding
Reserve Bank of India (RBI): Private Income:
1. Private income is income obtained by
1. The RBI can lend money to the private individuals from any source and
Government of India. the retained income of corporations.
2. Profits and Surpluses of Public
2. The RBI can lend money to the
Undertakings are added to NNP at Factor
Governments of the States. Cost to arrive at Private income.
3. The RBI can lend money to the banks 3. Transfer payments are deducted from
National Income to calculate Private
having a temporary crisis.
Income.
4. The RBI can lend money to the trade and How many of the statements given above are
industry bodies when they fail to borrow correct?
(a) Only one
from other sources.
(b) Only two
How many of the above statements are (c) All three
correct? (d) None

(a) Only one

99. Consider the following statements:
(b) Only two 1. Tax avoidance involves legally using
(c) Only three loopholes or provisions in the tax laws to
reduce one's tax liabilities
(d) All four
2. Tax avoidance in India is illegal unlike
tax evasion which is legal.
97. With respect to James Webb Space Which of the statements given above is/are
correct?
Telescope, consider the following statements: (a) 1 only
1. It is an international program led by (b) 2 only
(c) Both 1 and 2
NASA with its partners, European Space
(d) Neither 1 nor 2
Agency and Canadian Space Agency.
2. It is the largest telescope ever launched 100. Which of the following statements best
describes Depository Receipts?
into space.
(a) They are financial instruments that allow
3. It orbits the Earth, about 15 lakh investors to hold shares of foreign
kilometers away. companies in their local markets.
(b) They are exclusively used for trading in
Which of the statements given above is/are
commodities and do not represent equity.
correct? (c) They are a form of direct investment that
(a) 1 only requires investors to manage the
underlying shares.
(b) 1, 2 and 3
(d) They provide a way for companies to
(c) 1 and 2 only avoid compliance with local regulations
(d) 2 and 3 only in their home country.

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