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Daily Static MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams

Subject : Economy

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1. With reference to “Economic Survey 2022-23”, consider the following statements:

1. As per the survey, there has been a decline in the social sector spending in the last fiscal year.
2. As per the survey, India has become the largest mobile phone manufacturer globally.
3. As per the survey, India is the largest recipient of remittances in the world.

How many statements given above is/are correct?

(a) Only one
(b) Only two
(c) All three
(d) None

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2. With reference to Nano Urea Liquid (NUL), consider the following statements:

Statement I: NUL is developed to replace conventional urea; it can curtail its requirement by 90%.
Statement II: Its use will boost balanced nutrition program by reducing the excess use of urea application in the soil.

Which one of the following is correct in respect to the above statements?

(a) Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I.
(b) Both Statement I and Statement II are correct and Statement II is not the correct explanation for Statement I.
(c) Statement I is correct but Statement II is incorrect.
(d) Statement I is incorrect but Statement II is correct.

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3. Which of the following programmes was/were started to create self-employment opportunities for educated unemployed youth in rural areas and small towns?

1. Rural Employment Generation Programme (REGP)
2. Prime Minister Rozgar Yozana (PMRY)
3. Pradhan Mantri Gramodaya Yozana (PMGY)

Select the correct answer using the code given below:

(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3

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4. With reference to ‘Repos and Reverse Repos’, consider the following statements:

1. In a reverse repo, the banks and financial institutions purchase government securities from the RBI.
2. Repo allows the banks and other financial institutions to borrow money from the RBI for long-term.
3. All government securities are dated and the interest for the repo or reverse repo transactions is announced by the RBI from time to time.

Which of the statements given above are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

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5. With reference to Atal Mission for Urban Rejuvenation and Urban Transformation (AMRUT), consider the following statements:

1. It is a first focused national water mission which aims to provide basic services like water supply, sewerage, etc. to households and build amenities in cities.
2. 100 cities are covered under AMRUT.

Which of the above statement(s) is/are incorrect?

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

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