JKPSC: Paper-I Head 5. Economic and Social Development–Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives etc

Consider the following statements regards Domestic Systematically Important Insurers (D-SIIs) in India; 1. RBI nominates certain insurers as D-SIIs 2. Currently LIC, GIC, New India Assurance co. ltd have been designated as D-SIIs in India 3. D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF). The correct statement/s is/are

Consider the following statements regarding ‘e-RUPI’; 1. e-RUPI is a voucher to facilitate cashless payment. 2. In some special circumstances, e-RUPI can be permitted for cash out or cash back on redemption. 3. The NPCI (National Payment Corporation of India) has boarded banks that will be the issuing authority for e-RUPI voucher. Choose the correct statement/s.

Consider the following features of the recently enacted medical termination of pregnancy (amendment) act, 2021; 1. Enhancing the upper gestation limit from 20 to 24 weeks for special categories of women 2. The upper gestation limit is not to apply in cases of substantial foetal abnormalities diagnosed by the Medical Board 3. The ground of failure of contraceptives has been extended to women and their partner The correct statement/s is/are

Consider the following statement regarding RoDTEP Scheme. 1. RoDTEP is a WTO compliant scheme, that replaced the Merchandise Exports from India Scheme (MEIS) 2. This scheme reimburses currently un-refunded Central, State, and Local taxes and duties The Correct statement/s is/are

Consider the following statement regarding ‘Ways and means advances’ (WMA) 1. It is a facility for both the Centre and States to borrow from the RBI 2. These borrowings are meant purely to help them to tide over long-term mismatches in cash flows of their receipts and expenditures. 3. The interest rate on WMA is the repo rate of the RBI The Correct statement is/are

With reference to SVAMITVA Scheme, consider the following statement: 1. It is launched by the Ministry of Housing and Urban Affairs. 2. It is a centrally sponsored scheme. 3. It aims to allow citizens to use their property as a financial asset for taking loans and other financial benefits. Which of the statements given above is/are correct?

With reference to Open Network Digital Commerce (ONDC), consider the following statements: 1. It is an initiative of the Ministry of Science and Technology. 2. It is a globally first-of-its-kind initiative that aims to democratise Digital Commerce. 3. It is modelled around the Unified Payments Interface (UPI) project. Which of the statements given above is/are correct?

Consider the following statements; Assertion (A): Altruistic surrogacy involves no monetary compensation to the surrogate mother. Reason (R): Only medical expenses and insurance coverage during the pregnancy are given. Choose the correct one

Which among the following statement(s) is/are true with respect to the Indian economy? 1. Demonetisation is the act of stripping money of its legal tender status. 2. An increase in the Cash Reserve Ratio by the Reserve Bank of India increases the money multiplication in the market. 3. Haircut reflects the borrower’s perception of the risk of falls in the value of assets. Select the correct option using the code given below:

Consider the following statements; Assertion(A): Additional Tier - 1 (AT1) bonds are used by banks to augment their core equity base and thus comply with Basel - III norms. Reason(R): Additional Tier - 1 bonds are long-term bonds Choose the correct one

In India, the Broad Money (M3), measures money supply as the sum of

Which of the following could be said to have prevented ‘trickle-down effects’ in the Indian economy? 1. Increased dependence of agriculture on purchased input and privately managed irrigation. 2. More employment of labour by larger landholding farmers 3. Lower participation of women in the agricultural workforce due to new technology 4. The failure of the Green Revolution The answer is

Which among the following statement are correct regarding the share market operations? 1. Bear is a person who speculates share prices to fall in future and so sells his shares and earns a profit. 2. Bull is a person who speculates share prices to go up in future so either stops selling selected shares for a time period. 3. A Bull increases the number of shares in a stock market. 4. A Bear creates a scarcity of shares in the stock market. The correct statements are;

Consider the following statements regarding Prompt Corrective Action (PCA) of Reserve Bank of India. 1. It aims to monitor the operation of weaker banks more closely to encourage them to conserve capital and avoid risks. 2. It imposes certain restrictions on dividend distribution and expansion of branches by banks that are financially weak. Which of the above statements is/are incorrect?

Consider the following statements regarding Sovereign Bonds. 1. A sovereign bond is a specific debt instrument issued by the government in both foreign and domestic currency. 2. The yield of the sovereign bond is the interest rate that the government pays on issuing bonds. 3. The central banks also control the supply of money within the economy by the use of these bonds. Which of the above statements is/are correct?

Consider the following statements about National Payments Corporation of India (NPCI). 1. It is a “Not for Profit” Company under the provisions of Section 8 of Companies Act 2013. 2. It is set up to provide infrastructure to the entire Banking system in India for physical as well as electronic payment and settlement systems. 3. National Financial Switch (NFS) and Cheque Truncation System (CTS) are the flagship products of NPCI. Which of the above statements is/are correct?

Consider the following statements. 1. If the fiscal deficit ratio is too high it leads to higher rates of interest for the borrowings of private entrepreneurs and businesses. 2. The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 suggests bringing the fiscal deficit down to about 3% plus or minus 2% of the GDP. Which of the above statements is/are correct?

Consider the following statements. 1. GDP evaluated at current market price is not the right metric to compare the GDP figures of different countries. 2. Nominal GDP is calculated in a way such that the goods and services are evaluated at some constant set of prices. 3. If the Real GDP changes, we can be sure that it is the volume of production which is undergoing changes. Which of the above statements is/are correct?