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12 questions
The phenomenon where a person is employed below their skill level is known as:
Which of the following statements best describes the term ‘Labour Force’?
The Multidimensional Poverty Index (MPI) is designed to measure poverty based on:
‘Churning poor’ in the context of poverty refers to:
Consider the following statements with reference to CIBIL Score: (i) It is a banker’s assessment which tells the client’s financial health. (ii) It stand for Credit Index Bureau India Limited. (iii) It is a 3-digit numeric summary of client’s credit history. (iv) The closer the client’s score is to 900, the higher are the chances of his/her getting loan/credit card. Which of the above statement(s) is/are correct?
Which period in India’s demographic history is marked by a sharp decline in mortality and persistently high fertility rates?
In the context of the Reserve Bank of India’s (RBI) monetary policy operations, a sustained period of increasing Repo Rate is generally expected to have which of the following effects on the Indian economy? (i) Dampen demand-pull inflation by increasing the cost of borrowing and investment. (ii) Reduce the net interest margin (NIM) of commercial banks that rely heavily on deposits for funding. (iii) Lead to an appreciation of the Indian Rupee against major global currencies. (iv) Encourage a shift in household savings from market-linked instruments to bank fixed deposits. Select the correct answer using the code given below:
Consider the following potential effects on economic development when the central bank decides to lower the Cash Reserve Ratio (CRR) in a developing economy: (i) It is likely to inject additional liquidity into the banking system, potentially increasing banks’ capacity for credit creation. (ii) It could lead to a reduction in market interest rates, making borrowing cheaper for businesses and consumers. (iii) It might stimulate aggregate demand, potentially leading to increased investment and consumption. (iv) It invariably guarantees a rapid acceleration of real economic growth by ensuring optimal allocation of credit to productive sectors. Which of the statements given above are conceptually sound effects of lowering CRR, but not necessarily a guaranteed outcome in all economic contexts?
The umbrella scheme ‘Mission Shakti’ represents an integrated approach to women’s empowerment. Which of the following best analyzes the logic behind its two sub-schemes , ‘Sambal’ and ‘Samarthya’?
Consider the following statements regarding the expenditure priorities and allocations in the Mizoram Budget 2025-26: (i) The largest portion of the total estimated expenditure is allocated to the Economic Services Sector, which includes flagship schemes like “Mizoram Bana Kaih”. (ii) The government has increased the budget for the Health Care Scheme by allocating additional funds from the state’s resources, over and above the revenue typically generated from the State Lottery. (iii) The allocation for Power Purchase has been increased, while the allocation for Power Subsidy has been reduced for the fiscal year 2025-26 compared to the current year. Which of the statements given above is/are correct?
Considering the financial allocations presented in the ‘Rupee Goes To’ section of the Budget 2025-2026, which of the following inferences about the government’s spending priorities can be logically drawn? (i) The largest share of government expenditure is directed towards meeting its mandatory financial commitments rather than direct developmental or welfare schemes. (ii) Defence spending, while substantial, is less than half of the allocation for the ‘Central Sector Scheme’ (excluding capital outlay on Defence and Subsidy). (iii) Transfers to States and Union Territories (including their share of taxes and duties, Finance Commission transfers, and Centrally Sponsored Schemes) collectively represent a larger portion of expenditure than all direct central government schemes and other operational expenses combined. Select the correct answer using the code given below: