Quiz: Economy

Q1) Consider the following statements regarding the Reserve Bank of India (RBI):
1.The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act,
1934.
2.The RBI's affairs are governed by a central board of directors appointed by the Government of India.
3.Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
Which of the statements given above is/are correct?

Q2) Consider the following statements regarding the RBI's Payment Systems Report (December 2024):

1) Digital payments in India have increased 94 times in volume over the last decade.

2) UPI is accepted in countries like France, UAE, Nepal, and Singapore.

Which of the above given statement(s) is/ are correct?

Q3) Which of the following statements about Viability Gap Funding (VGF) is correct?

Q4) A high Incremental Capital Output Ratio (ICOR) of an enterprise indicates that:

Q5) .The total fertility rate in an economy is defined as:

Q6) Which of the following states are the top 3 producers of bauxite in India?
1. Odisha
2. Gujarat
3. Haryana
4. Maharashtra
Select the correct answer using the code given below:

Q7) Consider the following statements with reference to the World Trade Organization (WTO):
1.The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
2.The General Council, the top day-to-day decision-making body, meets several times a year in Geneva.
Which of the statements given above is/are correct?

Q8) Which of the following best describes the term 'grandfathering provision'?

Q9) Consider the following statements regarding NABARD (National Bank for Agriculture and Rural Development):
1) NABARD was established in 1982 based on the recommendations of the B. Sivaraman Committee.
2) It is responsible for the development of agriculture, small-scale industries, and rural infrastructure in India.
3) The headquarters of NABARD is located in Hyderabad.
How many of the above given statement(s) is/are incorrect?

Q10) Consider the following statements with respect to Jute Corporation of India Limited (JCI):
1. JCI was established under the administrative control of the Ministry of Textiles.
2. JCI has the mandate for the procurement of raw jute with a quantitative limit from the growers.
3. JCI procures raw jute at the Minimum Support Price (MSP) declared each year by the Government of India, based on the recommendations made by the Commission for Agricultural Costs and Prices (CACP).
How many of the above statements are incorrect?

Q11) Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI):

1) IRDAI is the regulatory body for both life and general insurance companies in India.
2) It was established as a statutory body under the IRDA Act,
1999.
3) The headquarters of IRDAI is located in Mumbai.
Which of the above given statements is/are correct?

Q12) The Fiscal Health Index 2025 in India was recently published by :