1. Consider the following statements:

  1. The rate at which banks buy back the securities they keep with the RBI at a later period is called as Repo Rate. 
  2. Cash Reserve Ratio corresponds to the percentage of cash each bank has to keep as cash reserve with RBI (in their current accounts) corresponding to the deposits they have.
  3. The banks and other financial institutions in India have to keep a fraction of their total net time and demand liabilities in the form of liquid assets to be called as statutory liquidity ratio.

Which of the statements given above are correct?


2. Consider the following statements regarding the Monetary Policy Committee:

  1. The policy interest rate required to achieve the inflation target is decided by the Monetary Policy Committee. 
  2. Monetary Policy Committee is a six-member committee headed by the Finance Minister.
  3. Each member of the MPC has one vote, and in the event of an equality of votes, the Governor has a second or casting vote.

Which of the statement(s) given above is/are not correct?


3. With reference to the Open Market Operations (OMO), which of the statement(s) given below is/are correct?

  1. OMOs are conducted by the RBI by way of sale or purchase of government securities (g-secs) to adjust money supply conditions.
  2. The central bank buys g-secs to remove liquidity from the system and sells back g-secs to infuse liquidity into the system.
  3. RBI carries out the OMO through commercial banks and does not directly deal with the public.

Select the correct answer using the code given below:


4. How many of the following volcano/es sit along the Pacific “Ring of Fire”? 

  1. Mount Semeru
  2. Mount Etna
  3. St Helens
  4. Taal Volcano

5. ‘Tiangong’ recently seen in news is:  



6. Consider the following statements:

  1. The Essential Commodities Act, 1955 was enacted to ensure the easy availability of essential commodities to traders which are sold to the consumers later.
  2. Essential items under the Act include drugs, fertilisers, pulses and edible oils, and petroleum and petroleum products.
  3. The Centre recently brought masks and hand sanitisers under the Essential Commodities Act, 1955 (EC Act) in the wake of COVID-19 outbreak.

Which of the statements given above are correct?


7. Which of the following denotes the extent of inflation in the Indian Economy excluding the inflation in food and fuel? 



8. Consider the following with regard to “Dr. Rajendra Prasad”:

  1. He officially joined the Indian National Congress in 1934, during its annual session held in Bombay.
  2. Following the resignation of Subhash Chandra Bose in 1939, he was elected President for the second time.

Which of the statements given above is/are correct?


9. Which of the following statements is/are correct, with regard to UNCRPD?

  1. India is not signatory to United National Convention on the Rights of Persons with Disabilities (UNCRPD).
  2. The Unique Disability Identification (UDID) project is stream-lining the tracking of physical and financial progress of beneficiaries.

Select the correct answer using the code given below:


10. Consider the following:

  1. The Food and Agriculture Organization (FAO) is a UN specialised agency.
  2. The World Food Programme and UNICEF are the two sister bodies of FAO.
  3. The State of Food and Agriculture (SOFA) is a flagship publication of the FAO.

Which of the statements given above is/are correct?


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