PPSC: GS Head 6. Indian Polity and Economy.

Consider the following statements : 1. World Bank allocates votes for member countries on the basis of the share of bank's capital stock held by the member country. 2. India currently holds more than 5% of the voting power in the World Bank. Choose the incorrect statement(s) :

Which of the statements given below is correct ?

Consider the following statements : 1. The Sixth Schedule has conferred the District Councils the power to constitute Village Councils or courts for the trial of cases between persons belonging to Scheduled Tribes. 2. The Sixth Schedule has recognised the power of the District Councils to impose certain specified taxes. Which of the statements given above is/are correct ?

Consider the following statements : 1. Matters concerning Trade Unions, industrial and labour disputes fall within the purview of Concurrent list. 2. The subject of welfare of labour including conditions of work, provident fund, workmen's compensation and maternity benefits are included in the State list. Which of the above statements is/are correct ?

Consider the following statements : 1. With respect to the ordinary Bills passed by the State Legislature, the Governor is vested with a discretionary power either to withhold his/her assent or return the Bill for reconsideration by the State Legislature. 2. If a Bill passed by the State Legislature is derogatory to the powers of the High Court, it is compulsory for the Governor to return the Bill. Which of the above statements is/are correct ?

As per the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006, who has the authority to initiate the process for determining the nature and extent of individual or family rights ?

Which of the following is not a provision of the Representation of the People Act, 1950 ?

Which of the following categories of borrowers are eligible for taking the benefit of Priority Sector Lending under the Weaker Sections Category ? 1. Small and Marginal Farmers 2. Self-Help Groups 3. Beneficiaries of Differential Rate of Interest (DRI) scheme 4. Distressed farmers indebted to non-institutional lenders 5. Minority Communities as notified Select the correct answer from the choices below :

Which out of the following sets of industries is not a part of the eight core industries in India ?

Which out of the following has been categorised as a Domestic Systematically Important Bank (D-SIB) as per the recent report of the RBI ?

Which among the following is incorrect with respect to Payment Banks and Small Finance Banks in India ?

Consider the following pairings of Non-Performing Assets (NPA) classification in India with their descriptions : 1. Substandard assets : Assets which have remained NPAs for a period less than or equal to 12 months. 2. Doubtful assets : Assets which have remained in the substandard category for a period of 12 months. 3. Loss assets : Assets which are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted, although there may be some salvage or recovery value. Which out of the above pairings are correct ?

Which among the following is the objective of the Cheque Truncation System (CTS) introduced by the RBI ?

Which out of the following is the largest network of shared ATMs in India, run by the National Payments Corporation of India ?

Credit Rating Agencies in India are regulated by which of the following entities ?

Which of the following statements is incorrect with respect to TReDS ?

Start-ups registered with the Department of Industrial Policy and Promotion of the Government of India are exempted from the payment of the "Angel Tax" with conditions. This tax refers to

'Usual Principal Status', 'Usual Subsidiary Status' and 'Usual Principal and Subsidiary Status' approaches are used in the measurement of

India has been constantly negotiating for an expansion in the trade in services via Mode 4 as defined under the General Agreement on Trade in Services (GATS). Consider the following pairings regarding different modes of Services under GATS of the WTO : 1. Mode 1 : Cross-Border Supply of Services 2. Mode 2 : Temporary cross-border movement of a natural person to consume services abroad 3. Mode 3 : Cross-border provision of services via the commercial presence of a company in another country 4. Mode 4 : Temporary cross-border movement of service providers Which of the above are correctly paired ?

Which among the following are sources of non-tax revenue receipts for the Union Government ? 1. Disinvestment Receipts 2. Spectrum Fees 3. Dividends from Public Sector Undertakings 4. Interest Received on Loans given by the Government Choose the correct answer from the choices given below :

Consider the following statements with respect to Consumer Price Index and Wholesale Price Index in India : 1. The WPI is calculated for only goods and CPI is calculated for both goods and services. 2. The WPI is published by the Office of the Economic Advisor in the Ministry of Commerce and Industry while the CPI is published by the Central Statistical Office. 3. The WPI is published on a weekly basis for primary articles and fuel and power and is published monthly for the rest of the items, whereas the CPI is released on a monthly basis. 4. The WPI measures inflation in the initial stages of the supply chain whereas the CPI measures inflation in the later stages of the supply chain. Which among the above given statements are correct ?

Commission for Agriculture Costs and Prices (CACP) submits its recommendation for MSPs of agricultural commodities in form of Price Policy Reports. Consider the following statements : 1. CACP is a statutory body formed under Agriculture Price Commission Act, 1962. 2. Currently MSP is devoid of any legal backing except for Sugarcane to some extent. 3. Before submitting Price Policy Report for any crop, CACP also analyses demand and supply and the implications of MSP on consumers of that product along with the costs of production. Which among the following statements is/are incorrect ?

Some suggest that India needs to move to an escrow-based payment mechanism to ensure a fearless business environment in the country. Which of the following correctly describes an escrow account ?

The Mineral Laws (Amendment) Bill, 2020 has recently been passed. Consider the following regarding the same : 1. With the introduction of this Bill, companies which do not have any prior coal mining experience in India can also participate in the auction of coal blocks. 2. Private companies will now be able to undertake coal mining for commercial mining purposes, thereby ending the captive end-use criteria. 3. A composite license namely Prospecting Licence-Cum-Mining Lease has been introduced in the Bill. 4. The revenue sharing model detailed in the Bill is based on recommendations of an expert committee headed by Injeti Srinivas. Which of the above are true ?

Consider the following pairings of the names of Government initiated portals and the area/industry with which they are associated : 1. Sambandh : MSME 2. Prakash Portal : Coal Industry 3. Government e-Marketplace : For procurement of goods by the Government 4. E-Nam portal : Agriculture Which out of the above are correctly paired ?

Consider the following statements with respect to the Export Preparedness Index, 2020 : 1. It was published by the NITI Aayog in partnership with the Institute of Competitiveness. 2. It examines the export ecosystem of Indian States and Union Territories. 3. Policy, Business Ecosystem, Export Ecosystem and Export Performance are the four pillars of the Export Preparedness Index. 4. Gujarat emerged as the top performing State in the 'Coastal States' category, followed by Kerala and Tamil Nadu. 5. In the category of 'Landlocked States', Madhya Pradesh is the best performing State. Among 'Himalayan States' and 'City-States', Himachal Pradesh and Delhi are the top performing States respectively. Which of the above are true ?

According to the World Bank's classification of economies into income groups (on the basis of GNI per capita using the Atlas method exchange rates) for the 2020 – 2021 fiscal year, India falls in which of the four incomes groups described below ?

Which Article of the Constitution provides that it shall be the endeavor of every State to provide adequate facility for instruction in the mother tongue at the primary stage of education to children belonging to linguistic minority groups ?

Which of the following is not a foreign bank in India ?