16th June (Economy)

1. 1. Question

   Consider the following statements about Index of Eight Core Industries (ICI).

   1. ICI provide an advance indication on production performance of industries of ‘core’ nature before the release of Index of Industrial Production.
   2. The Index is compiled and released by Central Statistics Office.
   3. Refinery Products are not part of eight core industries.

   Which of the above statements is/are correct?

   •  a) 1 only
   •  b) 1, 2
   •  c) 2, 3
   •  d) 1, 3

2. 2. Question

   Consider the following statements about Agricultural Census.

   1. Agricultural Census is the largest countrywide statistical operation undertaken by Ministry of Agriculture, for collection of data on structure of operational holdings by different size classes and social groups.
   2. Agricultural Census is carried out as a Central Sector Scheme under which 100% financial assistance is provided to States/Union Territoriess.

   Which of the above statements is/are correct?

   •  a) 1 only
   •  b) 2 only
   •  c) Both
   •  d) None

3. 3. Question

   Consider the following statements regarding ‘Financial Stability and Development Council’ (FSDC).

   1. Members of FSDC include the heads of regulatory bodies like SEBI, RBI, PFRDA etc.
   2. FSDC address inter-regulatory coordination issues and thus spur financial sector development.

   Which of the above statements is/are correct?

   •  a) 1 only
   •  b) 2 only
   •  c) Both 1 and 2
   •  d) Neither 1 nor 2

4. 4. Question

   Which of the following best describes ‘Bank Rate’?

   •  a) It is the rate at which banks lend to their best customers based on the previous balance sheet record.
   •  b) It is the rate at which central bank lends money to the commercial banks.
   •  c) It is the rate at which bank penalizes the customers if they not paid interest regularly
   •  d) None of the statements (a), (b) and (c) are correct.

5. 5. Question

   Gross capital formation will increase if:

   1. gross domestic savings increases
   2. gross domestic consumption increases
   3. GDP increases

   Select the correct answer using the codes given below.

   •  a) 1 only
   •  b) 1 and 2 only
   •  c) 1 and 3 only
   •  d) None