Bank Clerical General Studies Questions on Economics – Part 6

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Q. With reference to Electoral Trust, consider the following statements:

1. Electoral trusts receive voluntary contribution from any person to distribute it to the political parties

2. The Electoral trust is set up under Representation of People Act, 1951

3. The Election Commission of India grants approval for activities of electoral trusts

Which of the statements given above is/are correct?

(a) 1 only

(b) 1 and 2 only

(c) 2 and 3 only

(d) 1, 2 and 3

Answer: A

Q. Which among the following is/are the impacts of Free Trade Agreements (FTAs) on Indian economy?

1. Trade Creation

2. Trade Diversion

Select the correct answer using the code given below

(a)1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer: C

Q. The term ‘special purpose vehicle often seen in the news in the context of:

(a) A business association formed for a specific, well-defined purpose

(b) Refrigerated trucks used in food processing for perishable items

(c) A specific form of security offered to an investor in exchange for an equity stake in the company

(d) With Business agreement in which the parties agree to develop, for a finite time new assets by contributing equity

Answer: A

Q. With reference to the quota subscriptions/share in International Monetary Fund (IME) consider the following statements:

1. The quota share of each nation is determined by the size of the economy only

2. It helps member nations correct any balance of payments crisis.

3. Special Depository Receipts are foreign exchange reserve assets maintained by the IMF

Which of the statements given above is/are not correct?

(a) 1 only

(b) 1 and 3 only

(c) 2 and 3 only

(d) 3 only

Answer: A

Q. Consider the following statements regarding promotion of city Compost policy:

1. It provides for Market Development Assistance for scaling up production and consumption of the product

2. It provides for fertilizer companies adopt village for promoting the use compost

3. The public Sector undertakings will have to mandatory use City Compost for purpose of their horticulture

Which of the statements given above is/are correct?

(a) 1 only

(b) 1 and 3 only

(c) 2 and 3 only

(d) 1, 2 and 3

Answer: D

Q. Consider the following statements regarding River Information System of India:

1. It has been designed to monitor ecological health of major rivers

2. It has been developed by the Ministry of Environment and Forestry

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer: D

Q. Consider the following statements regarding provisions of Power Tariff policy:

1. It calls for Renewable Power Obligation wherein 8% of electricity consumption shall be from solar energy by March 2022

2. It proposes procurement of 100% power produced from Waste-to Energy plants

3. No inter-State transmission charges and losses are to be levied for solar and wind power

Which of the statements given above is/are correct?

(a) 1 and 2 only

(b) 1 and 3 only

(c) 2 only

(d) 1, 2 and 3

Answer: D

Q. The Special Safeguard Mechanism recently in news, is related to

(a) New financial inclusion initiative by the Central Government targeting tribal in Keft Wing Extremism affected areas.

(b) Initiative by RBI to restructure Non-Performing Assets (NPAs) of scheduled commercial banks

(c) Trade remedy that allows developing countries to temporarily hike duties on heavily subsidized imports

(d) Cyber security project to protect the critical economic infrastructure

Answer: C

Q. Which among the following agencies formulates FDI policy in India?

(a) Foreign Investment Promotion Board (FIPB)

(b) Department of Industrial Policy and promotion (DIPP)

(c) Cabinet Committee on Economic Affairs (CCEA)

(d) Department of Commerce

Answer: B