1. World Energy Outlook Report is given by

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1 1. World Energy Outlook Report is given by a) Organization for Economic Cooperation and Development (OECD) b) UNFCCC c) International Energy Agency d) World Bank 2. The endeavour of Janani Suraksha Yojana Programme is 1. to promote institutional deliveries 2. to provide for wage loss due to pregnancy and confinement 3. to provide monetary assistance to the mother to meet the cost of delivery 4. to reduce maternal and neo-natal mortality rate Which of the statements given above is/are correct? a) 1 and 4 Only b) 1, 3 and 4 c) 2 and 3 Only d) 1, 2, 3 and 4 3. Recently, India s satellite GSAT-18 was successfully launched. With reference to GSAT-18, consider the following statements 1. It is a communication-based satellite 2. It is India s heaviest satellite 3. It was launched by India s heavy duty launch vehicle GSLV 4. It was built by ISRO Choose the appropriate code a) 1, 2 and 4 b) 1, and 2 Only c) 1, 2 and 3 d) 1, 2, 3 and 4 4. Gaza strip is frequently in news. It is a) a landlocked region in Middle East b) part of Egypt c) a landlocked region in North Africa d) None Page 1

2 5. Consider the following statements 1. It has got Geographical Indication status 2. Traditionally the toys were made up of sandal wood 3. The origin of these wooden toys can be traced to reign of Raja Wadiyar II With regard to Channapatna toys, which of the statements given above is/are correct? a) 1 Only b) 1 and 2 Only c) 2 and 3 Only d) 1, 2 and 3 6. World Bank (WB) Group consists of 1. International Bank for Reconstruction and Development 2. International Development Agency 3. International Finance Corporation 4. Department of International Development 5. World Intellectual Property Organisation Choose the correct option: a) 1, 2 and 3 b) 1, 2 and 4 c) 1, 2, 3 and 4 d) 1, 2, 3 and 5 7. Consider the following statements in regard to Capital Market: 1. Capital market is a medium and a platform for long term funds. It helps to generate bulk fund for government and industries. 2. The institutions in the capital market are called Non-Banking Financial Companies. Which of the above given statement(s) is/are correct? b) 2 only c) Both d) None 8. Below given are the statements in regard to India and WTO. Select the correct statement/s from the code given below: 1. India is a founder-member of both GATT and WTO. 2. India s Trade Policy Review by the WTO is carried out every year. 3. Highest decision-making body of the WTO is the Ministerial Conference. Choose the appropriate answer: Page 2

3 b) 1 and 2 only c) 1 and 3 only d) 2 and 3 only 9. Consider the following about World Intellectual Property Organisation (WIPO). 1. World Intellectual Property Organisation is a member of the World Bank group. 2. WIPO was created in 1967 to encourage creative activity, to promote the protection of intellectual property throughout the world. 3. The predecessor to WIPO was the BIRPI ( Bureaux Internationaux Réunis pour la Protection de la Propriété Intellectuelle, French acronym for United International Bureaux for the Protection of Intellectual Property ) 4. WIPO's member states and stakeholders share a common goal: an efficient and accessible intellectual property system that provides benefits to all. Select the correct answer: a) 1 and 2 only b) 1, 2 and 4only c) 2, 3 and 4 only d) All of the above 10. India is regarded as a country with Demographic Dividend. This is due to: a) Its high population in the age group below 15 years b) Its high population in the age group of years c) Its high population in the age group above 65 years d) Its high total population 11. Which of the following statement[s] is/are correct regarding the Government s flagship program Jan Dhan Yojana 1. It is a Zero-balance account 2. It covers both rural and urban areas 3. Any resident of India, who is of the age 10 years or above is eligible to open an account 4. The scheme provides for accidental insurance Choose the appropriate code a) 1, 2 and 3 Only b) 1 and 4 Only c) 1, 2 and 4 Only d) 1, 2, 3 and 4 Page 3

4 12. With reference to BRICS, consider the following statements 1. All 5 members of BRICS are members of G20 2. Asian Infrastructure Investment Bank was established by BRICS 3. The 8 th BRICS Summit will be the first summit India will be hosting since its inception Choose the appropriate code a) 1 Only b) 2 and 3 Only c) 1, 2 and 3 d) None 13. Hollock Gibbon is a precious jewel of the Indian forest. Consider the following statements regarding this ape 1. It is India s only ape species 2. They are critically endangered species 3. Both species of Hollock Gibbon s (Eastern and Western)are found in India 4. It is found only in North East India Choose the appropriate code a) 1, 2 and 3 Only b) 2 and 4 Only c) 2 and 3 Only d) 1, 3 and With reference to National Pension System (NPS), consider the following statements 1. The contribution to the scheme is on voluntary-basis 2. Any Indian citizen between the age of 18 to 60 years old is eligible for the scheme 3. NRI s are eligible under the scheme 4. RBI regulates NPS scheme Choose the appropriate code a) 1, 2 and 3 b) 1 Only c) 1 and 2 Only d) 1, 3 and Drug prices are monitored and controlled by a X authority/body which comes under a) Ministry of Chemicals and Fertilizers b) Ministry of Health and Family Welfare c) Ministry of Finance d) Prime Minister Page 4

5 16. Which among the following is not SEBI regulated NBFC? a) Venture Capital Fund b) Merchant Banking companies c) Stock Broking companies d) Housing Loan companies 17. Below given are the name of the banks and associated headquarters. Select the incorrect pair a) New Development Bank : : Shanghai b) Asian Infrastructure Investment Bank : : Beijing c) Asian Development Bank : : Manila d) None of the above 18. In India, mergers and acquisition of firms are regulated by a) National Manufacturing Competitiveness Council b) Competition Commission of India c) Security and Exchange Board of India d) Department or Industrial Policy and Promotion 19. Given below are some major symptoms of an economy: 1. Lower inflation with low aggregate demand 2. Unemployment rate increasing steadily 3. Voluntary labour cuts by industries Select the correct phase of economic cycle in which the economy seems to be under-going through: a) Recession b) Depression c) Stagnation d) Slowdown 20. Below given are the reports/index and publishing agency/institution. Select the incorrect one: a) World Economic Outlook : : IMF b) Global Competitive Index : : WTO c) Ease of Doing Business : : IBRD (World Ban d) Human Development Index : : UNDP Page 5

6 21. With regard to Index of Industrial Production (IIP), consider the following statements 1. The base year is It is published monthly by Central Statistical Organisation 3. Highest weightage is given to mining sector Choose the appropriate code a) 2 Only b) 1 and 2 Only c) 1, 2 and 3 d) 1 and Consider the following statements regarding Goods and Service tax. 1. GST is a tax only on the value addition at each stage 2. Alcohol and tobacco products are kept out of proposed GST regime Which of the above statement[s] is/are correct? a) 1 Only b) 2 Only c) Both 1 and 2 d) Neither 1 nor Recently, the Constitution (122nd Amendment) Bill 2014 (GST) got President s assent. Which of the following is NOT the provision under the Bill? a) A law made by Parliament in relation to GST will not override a state law on GST b) Exclusive powers are given to centre over inter-state trade and commerce c) All decisions of the GST Council will be made by two-third majority of the votes cast d) Both ( and ( 24. To which of the following category, Noble prizes are NOT given? a) Physiology b) Literature c) Chemistry d) None 25. The management of Haj Pilgrimage comes under a) Ministry of Minority Affairs b) Ministry of Culture c) Ministry of External Affairs d) Ministry of Home Affairs Page 6

7 26. Which of the below given statements is correct? a) The UN Monetary and Financial Conference held post Second World War established the international trading regime called General Agreement on Trade and Tariffs. b) WTO is part of whole set up of UNO and thus is guided by the actions its member bodies. c) IMF follow voting by consensus pattern by which each member gets to ensure their idea is considered. d) WTO doesn t have weighted voting as the World Bank or the IMF and goes by the system of one member one vote. 27. Consider the following about industrial policy 1991: 1. One of the major objectives was to liberalise the industry from regulatory devices such as licenses and controls. 2. Ensuring PSUs are not exposed to competition and protected from private sector push. Select the correct answer: b) 2 only c) Both 1 and 2 d) None of the above 28. Which one among the following sectors has attracted the highest foreign direct investment inflows into India in the last 25 years? a) Automobile industries b) Services sector c) Food processing d) Special Economic Zones 29. Consider the following international economic organizations: 1. International Bank for Reconstruction and Development (IBRD) 2. International Finance Corporation (IFC) 3. International Fund for Agricultural Development (IFAD) 4. International Monetary Fund (IMF) Which of the above given agencies is/are not sponsored by the United Nations? a) 1 and 2 b) 1 only c) 2 and 3 d) None of the above Page 7

8 30. Consider the following statements related to the RBI: 1. Reserve Bank of India was privately owned before its nationalisalion. 2. After nationalisation the RBI seized to function as a bank. Which of the above is/are not correct? b) 2 only c) Both d) None 31. Consider the following statements about ethanol blending 1. It is the practice of blending petrol with ethanol 2. It reduces vehicular emissions & import burden on account of crude petroleum 3. Ethanol blending first found mention in the National Policy on Bio-fuels, 2009 Which of the following statements is/are correct? a) Only 1 b) 1 and 2 c) 2 and 3 d) All of the above % of Indians are undernourished according to Global Hunger Index (GHI). GHI is published by a) World Health Organisation b) Médecins Sans Frontières (MSF) c) International Food Policy Research Institute (IFPRI) d) None of the above 33. Consider the following statements about Polymerase chain reaction (PCR) 1. It is a technique used in molecular biology to amplify a single copy or a few copies of a piece of DNA across several orders of magnitude, generating thousands to millions of copies of a particular DNA sequence 2. It is a recombinant DNA method 3. It is used for Chick Sexing Which of the following statements is/are correct? a) Only 1 b) 1 and 2 c) 1 and 3 d) All of the above Page 8

9 34. NASA Invents Electric Gauze That Can Speed Up Wound Healing. Consider the following statements 1. The fibres of the guaze are made of Polyvinylidene Flouride (PVDF) 2. Only one time external power source is required 3. Wounds tend to heal much more quickly if small amounts of electricity are applied to the surrounding tissue Which of the following statements is/are correct? a) Only 1 b) 1 and 3 c) 2 and 3 d) All of the above 35. Which of the following regulates pension products 1. PFRDA 2. IRDA 3. SEBI Select the correct code: a) Only 1 b) 1 and 2 c) 1 and 3 d) All of the above 36. Consider the following statements with regard to India and IMF: 1) India is the founder member of the IMF and also among the top 10 members of IMF 2) India was among the first five nations having the highest quota with IMF and due to this status India was allotted a permanent place in Executive Board of Directors. Which of the statements given above is/are correct? b) 2 only c) Both d) None 37. Bank Rate implies the rate of interest a) paid by the Reserve Bank of India on the Deposits of Commercial Banks b) charged by Banks on loans and advances c) payable on Bonds d) at which the Reserve Bank of India discounts the Bills of Exchange Page 9

10 38. Which among the following are a part of core industries? 1) Fertilizers 2) Refinery Products 3) Natural Gas 4) Iron 5) Cement 6) Electricity Choose the correct code: a) 1,2,4,5 and 6 b) 1,2,3,4 and 6 c) 1,2,3,5 and 6 d) 1,2,3,4,5 and Which of the following grants/ grant direct credit assistance to rural households? 1) Regional Rural Banks 2) National Bank for Agriculture and Rural Development 3) Land Development Banks Select the correct answer using the codes given below: a) 1 and 2 only b) 2 only c) 1 and 3 only d) 1, 2 and Priority Sector Lending by banks in India constitutes the lending to a) agriculture b) micro and small enterprises c) weaker sections d) All of the above 41. Which of the following statements is true about 'P-Notes' in India? 1. These are issued by SEBI in India 2. They cannot be used within the country 3. Investors in P-Notes are not required to register with SEBI 4. Due to the issue of money laundering, P-Notes are banned in India Select the correct answer using the code given below. a) 1, 2 and 3 only b) 2 and 3 only c) 1 and 4 only Page 10

11 d) 1, 2, 3 and Margarita Island is located in a) Colombia b) Venezuela c) Peru d) Nicaragua 43. Which of the following states is known as Amur Falcon capital of the world? a) Manipur b) Mizoram c) Nagaland d) Sikkim 44. Consider the following about ' Himansh ', which was in news recently: 1. It is a glaciological research facility of India located in Antarctica 2. It is established by the National Centre for Antarctic and Ocean Research (NCAOR) 3. The station houses many instruments to quantify the glacier melting and its relation to changing climate. Which of the above given statements are correct? a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 1, 2 and A plenary session of the International Monetary and Finance Committee (IMFC) on IMF Institutional Issues was recently held in Washington. Consider the following statements about IMFC 1. The IMFC has 24 members who are central bank governors, ministers, or others of comparable rank and who are usually drawn from the governors of the Fund s 189 member countries 2. It has no formal decision-making powers Select the incorrect statements a) Only 1 b) Only 2 c) Both 1 and 2 d) Neither 1 nor 2 Page 11

12 46. Consider the following statements: 1) Inflation benefits the debtors. 2) Inflation benefits the bond-holders. Which of the statements given above is/are correct? b) 2 only c) Both 1 and 2 d) Neither 1 nor A rise in general level of prices may be caused by 1) an increase in the money supply 2) a decrease in the aggregate level of output 3) an increase in the effective demand Select the correct answer using the codes given below. b) 1 and 2 only c) 2 and 3 only d) 1, 2 and Which one of the following groups of items is included in India's Foreign Exchange Reserves? a) Foreign-currency assets, Special Drawing Rights (SDR and loans from foreign countries b) Foreign-currency assets, gold holdings of the RBI and SDRs c) Foreign currency assets, loans from the World Bank and SDRs d) Foreign currency assets, gold holdings of the RBI and loans from the World Bank 49. Which one of the following is likely to be the most inflationary in its effect? a) Repayment of public debt b) Borrowing from the public to finance a budget deficit c) Borrowing from banks to finance a budget deficit d) Creating new money to finance a budget deficit 50. An increase in the Bank Rate generally indicates that the a) Market rate of interest is likely to fall b) Central Bank is no longer making loans to commercial banks c) Central Bank is following an easy money policy d) Central Bank is following a tight money policy Page 12