ALLIED question paper – 2020-ECONOMY

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#1. Which Five-year plan in India has recorded the largest gap in terms of growth rate between the services sector and the industrial sector?

#2. Which one of the following indices are now used by the Reserve Bank of India to measure the rate of inflation in India?

#3. The following factor was not considered by the 14th Finance Commission (2015) in determining the State’s share in the divisible pool:

#4. As per the report on India State of Forest 2017, what is the percentage coverage of forest area in the total geographical area of the country?

#5. What is the purpose of setting up of small finance bank (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.

#6. Which of the five-year plan was terminated a year before to its original term?

#7. Gross fiscal deficit of the state Government is financed by: Find the correct answer from the given codes
1. Market Borrowings
2. Printing Currency
3. Loans from the Central Government
4. External Borrowings

#8. Consider the following statements:
The nation-wide ‘Soil Health Card Scheme’ aims at:
1. Expanding the cultivable area under irrigation
2. Enabling the banks to assess the quantum of loans to be granted to farmers on the basis of soil quality
3. Checking the overuse of fertilizers in farmlands.
Which of the above statements is/are correct

#9. What is/are the most likely advantages of implementing Goods and Services Tax (GST)?
1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
2. It will drastically reduce the ‘Current Account Deficit’ of India and will enable it to increase the foreign exchange reserves.
3. It will enormously increase the growth and size of the economy of India and will enable it to overtake China in the near future.

#10. Bankruptcy and insolvency code enacted by the Parliament of India in the year 2016, was based on the report by:

#11. Consider the following statements about the Asia-Africa growth corridor:
1. It has been jointly proposed by India and Japan.
2. It is being seen as a response to China’s one belt one road Project.
Which of the statements is/are correct?

#12. Which of the following statements regarding solar energy manufacturing in India is correct?
1. India is the world largest producer of solar energy
2. India has achieved its goal of 20-gigawatt energy production 4 years before the target year 2022
3. India does not manufacture solar panels

#13. Consider the following statements regarding the new Development Bank or BRICS Bank?
1. all the BRICS countries except Brazil are its members.
2. it is headquartered at Shanghai China.
3. presently it is headed by M V Kamath of India.

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