Q. What is the name of the initiative launched by China that has raised concerns in India regarding infrastructure development in South Asia?
A.
One Belt One Road
B.
South Asian Connectivity Project
C.
China-India Economic Corridor
D.
Asian Infrastructure Investment Bank
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Solution
The initiative launched by China that has raised concerns in India is called One Belt One Road.
Correct Answer:
A
— One Belt One Road
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Q. What is the objective of the Pradhan Mantri Ujjwala Yojana?
A.
To provide free electricity to rural households
B.
To provide clean cooking fuel to women from below poverty line
C.
To enhance rural connectivity
D.
To promote digital payments
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Solution
The Pradhan Mantri Ujjwala Yojana aims to provide clean cooking fuel (LPG) to women from below the poverty line, improving their health and living conditions.
Correct Answer:
B
— To provide clean cooking fuel to women from below poverty line
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Q. What is the potential downside of expansionary fiscal policy?
A.
Increased unemployment
B.
Higher inflation
C.
Decreased GDP
D.
Lower consumer spending
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Solution
The potential downside of expansionary fiscal policy is higher inflation, as increased government spending can lead to demand outpacing supply.
Correct Answer:
B
— Higher inflation
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Q. What is the poverty line?
A.
A measure of economic growth
B.
A threshold income level
C.
A type of unemployment
D.
A government subsidy
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Solution
The poverty line is a threshold income level set by governments to determine the minimum income required to maintain a basic standard of living.
Correct Answer:
B
— A threshold income level
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Q. What is the primary application of AI in autonomous vehicles as of 2022?
A.
Image recognition for navigation
B.
Voice recognition for commands
C.
Data analysis for traffic patterns
D.
Predictive maintenance
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Solution
As of 2022, image recognition for navigation is a primary application of AI in autonomous vehicles, enabling them to interpret their surroundings.
Correct Answer:
A
— Image recognition for navigation
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Q. What is the primary application of AI in autonomous vehicles?
A.
Image recognition
B.
Natural language processing
C.
Data encryption
D.
Social media analysis
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Solution
Image recognition is crucial for autonomous vehicles, enabling them to identify objects and navigate safely.
Correct Answer:
A
— Image recognition
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Q. What is the primary application of mRNA technology that gained prominence during the COVID-19 pandemic?
A.
Cancer treatment
B.
Vaccine development
C.
Gene editing
D.
Antibody production
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Solution
mRNA technology was primarily applied in the rapid development of COVID-19 vaccines, demonstrating its potential in vaccine development.
Correct Answer:
B
— Vaccine development
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Q. What is the primary focus of the 2+2 Dialogue between India and the US?
A.
Trade agreements
B.
Defense and security cooperation
C.
Cultural exchange
D.
Environmental issues
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Solution
The 2+2 Dialogue focuses on defense and security cooperation between India and the United States.
Correct Answer:
B
— Defense and security cooperation
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Q. What is the primary focus of the AI research initiative launched by the European Union in 2021?
A.
Ethical AI development
B.
AI for climate change
C.
AI in healthcare
D.
AI for autonomous vehicles
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Solution
The European Union launched an AI research initiative in 2021 primarily focused on promoting ethical AI development and ensuring that AI technologies are used responsibly.
Correct Answer:
A
— Ethical AI development
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Q. What is the primary focus of the India-China Economic and Trade Cooperation Agreement signed in 2019?
A.
Military collaboration
B.
Cultural exchange
C.
Trade and investment
D.
Environmental protection
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Solution
The primary focus of the India-China Economic and Trade Cooperation Agreement signed in 2019 is trade and investment.
Correct Answer:
C
— Trade and investment
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Q. What is the primary focus of the India-Russia bilateral relationship?
A.
Economic cooperation
B.
Military and defense
C.
Cultural exchange
D.
Environmental issues
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Solution
The primary focus of the India-Russia bilateral relationship is military and defense cooperation.
Correct Answer:
B
— Military and defense
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Q. What is the primary focus of the Pradhan Mantri Fasal Bima Yojana (PMFBY)?
A.
To provide crop insurance to farmers
B.
To enhance irrigation facilities
C.
To promote organic farming
D.
To support agricultural research
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Solution
The Pradhan Mantri Fasal Bima Yojana (PMFBY) focuses on providing crop insurance to farmers to protect them against losses due to natural calamities.
Correct Answer:
A
— To provide crop insurance to farmers
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Q. What is the primary focus of the UN Economic and Social Council (ECOSOC)?
A.
Security issues
B.
Human rights
C.
Economic development
D.
Environmental protection
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Solution
The primary focus of ECOSOC is on economic development and social issues.
Correct Answer:
C
— Economic development
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Q. What is the primary function of a commercial bank?
A.
To issue currency
B.
To provide loans and accept deposits
C.
To manage government accounts
D.
To regulate the money supply
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Solution
The primary function of a commercial bank is to provide loans and accept deposits from the public.
Correct Answer:
B
— To provide loans and accept deposits
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Q. What is the primary function of commercial banks?
A.
Issuing currency
B.
Accepting deposits and providing loans
C.
Regulating monetary policy
D.
Managing foreign exchange
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Solution
Commercial banks primarily accept deposits from the public and provide loans to individuals and businesses.
Correct Answer:
B
— Accepting deposits and providing loans
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Q. What is the primary function of the Agricultural Credit System in India?
A.
To provide loans for agricultural development
B.
To regulate crop prices
C.
To manage irrigation resources
D.
To control pest outbreaks
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Solution
The primary function of the Agricultural Credit System is to provide loans to farmers for agricultural development and investment.
Correct Answer:
A
— To provide loans for agricultural development
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Q. What is the primary function of the Monetary Policy Committee (MPC) in India?
A.
To set fiscal policy
B.
To determine the Repo Rate
C.
To regulate foreign investments
D.
To manage public debt
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Solution
The primary function of the Monetary Policy Committee (MPC) is to determine the Repo Rate and formulate monetary policy.
Correct Answer:
B
— To determine the Repo Rate
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Q. What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?
A.
To regulate interest rates
B.
To provide credit and development support to agriculture
C.
To monitor inflation
D.
To issue currency
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Solution
NABARD's primary function is to provide credit and development support to agriculture and rural development, facilitating growth in these sectors.
Correct Answer:
B
— To provide credit and development support to agriculture
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Q. What is the primary function of the Supreme Court of India?
A.
Legislating laws
B.
Interpreting the Constitution
C.
Enforcing laws
D.
Conducting elections
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Solution
The primary function of the Supreme Court of India is to interpret the Constitution and ensure justice.
Correct Answer:
B
— Interpreting the Constitution
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Q. What is the primary function of the UN General Assembly?
A.
Enforce international law
B.
Make binding decisions
C.
Discuss and make recommendations on international issues
D.
Conduct military operations
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Solution
The primary function of the UN General Assembly is to discuss and make recommendations on international issues.
Correct Answer:
C
— Discuss and make recommendations on international issues
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Q. What is the primary goal of a Disaster Management Framework in the context of macroeconomics?
A.
To increase government spending
B.
To stabilize the economy during crises
C.
To reduce inflation rates
D.
To promote international trade
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Solution
The primary goal of a Disaster Management Framework in macroeconomics is to stabilize the economy during crises by implementing measures that mitigate the impact of disasters.
Correct Answer:
B
— To stabilize the economy during crises
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Q. What is the primary goal of contractionary fiscal policy?
A.
Stimulate economic growth
B.
Reduce inflation
C.
Increase employment
D.
Boost consumer spending
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Solution
The primary goal of contractionary fiscal policy is to reduce inflation by decreasing government spending or increasing taxes.
Correct Answer:
B
— Reduce inflation
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Q. What is the primary goal of Environmental Conservation Acts?
A.
To promote industrial growth
B.
To protect natural resources
C.
To increase government revenue
D.
To enhance urban development
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Solution
The primary goal of Environmental Conservation Acts is to protect natural resources and ensure sustainable development.
Correct Answer:
B
— To protect natural resources
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Q. What is the primary goal of expansionary fiscal policy?
A.
To reduce inflation
B.
To decrease unemployment
C.
To increase taxes
D.
To balance the budget
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Solution
The primary goal of expansionary fiscal policy is to decrease unemployment by increasing government spending and/or cutting taxes.
Correct Answer:
B
— To decrease unemployment
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Q. What is the primary goal of fiscal management?
A.
Maximizing government revenue
B.
Ensuring economic stability
C.
Reducing unemployment
D.
Increasing public sector investment
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Solution
The primary goal of fiscal management is to ensure economic stability by managing government finances effectively.
Correct Answer:
B
— Ensuring economic stability
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Q. What is the primary goal of fiscal policy?
A.
Control inflation
B.
Reduce unemployment
C.
Stimulate economic growth
D.
All of the above
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Solution
The primary goal of fiscal policy is to manage the economy by controlling inflation, reducing unemployment, and stimulating economic growth through government spending and taxation.
Correct Answer:
D
— All of the above
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Q. What is the primary goal of inclusive growth in the Indian economy?
A.
Maximizing GDP growth
B.
Reducing income inequality
C.
Increasing foreign investment
D.
Enhancing export performance
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Solution
Inclusive growth aims to ensure that the benefits of economic growth are distributed fairly across society, reducing income inequality.
Correct Answer:
B
— Reducing income inequality
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Q. What is the primary goal of judicial reforms in many countries?
A.
To increase the number of judges
B.
To enhance the independence of the judiciary
C.
To reduce the number of court cases
D.
To eliminate jury trials
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Solution
Judicial reforms aim to enhance the independence of the judiciary, ensuring fair and impartial justice.
Correct Answer:
B
— To enhance the independence of the judiciary
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Q. What is the primary goal of monetary policy in the context of robotics and automation?
A.
To increase employment in traditional sectors
B.
To control inflation and stabilize the economy
C.
To promote technological advancements
D.
To reduce government spending
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Solution
The primary goal of monetary policy is to control inflation and stabilize the economy, which is crucial as robotics and automation can disrupt traditional economic structures.
Correct Answer:
B
— To control inflation and stabilize the economy
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Q. What is the primary goal of the European Neighbourhood Policy (ENP)?
A.
To promote trade with Asia
B.
To enhance relations with neighboring countries
C.
To establish military alliances
D.
To increase immigration from Africa
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Solution
The European Neighbourhood Policy aims to enhance relations and promote stability and prosperity in neighboring countries.
Correct Answer:
B
— To enhance relations with neighboring countries
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