What is/are the most likely advantages of implementing ‘Goods and Services Tax (GST)’?
- It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
- It will drastically reduce the ‘Current Account Deficit’ of India and will enable it to increase its foreign exchange reserves.
- It will enormously increase the growth and size of the economy of India and will enable it to overtake China in the near future.
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With reference to ‘Quality Council of India (QCI)', consider the following statements:
- QCI was set up jointly by the Government of India and the Indian Industry.
- Chairman of QCI is appointed by the Prime Minister on the recommendations of the industry to the Government.
Which of the above statements is/are correct?
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With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct?
- It is an organ of NITI Aayog.
- It has a corpus of Rs. 4, 00,000 crores at present.
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- EconomyView Answer
What is the purpose of setting up of Small Finance Banks (SFBs) in India?
- To supply credit to small business units
- To supply credit to small and marginal farmers
- To encourage young entrepreneurs to set up business particularly in rural areas.
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- EconomyView Answer
Consider the following statements : The nation-wide ‘Soil Health Card Scheme’ aims at
- expanding the cultivable area under irrigation.
- enabling the banks to assess the quantum of loans to be granted to farmers on the basis of soil quality.
- checking the overuse of fertilizers in farmlands.
Which of the above statements is/are correct?
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The term ‘Digital Single Market Strategy’ seen in the news refers to -
- EconomyView Answer
Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?
- It decides the RBI’s benchmark interest rates.
- It is a 12-member body including the Governor of RBI and is reconstituted every year.
- It functions under the chairmanship of the Union Finance Minister.
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PYQs by Subject of 2017
Most repeated Topics from Economy in Last 5 years
Repeated Topics | Questions in Last 5 Years |
|---|---|
| Finance and Financial Markets | 27 (34%) |
| Money, Banking and Monetary Policy | 16 (20%) |
| Public Finance in India | 11 (14%) |
| Infrastructure and Investment Models in India | 9 (11%) |
| Services and Digital Economy | 9 (11%) |
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