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DFCCIL Questions on Railway, Marketing and Economics DFCCIL Railway Questions

1.Who is the first female driver of ? A. Avni Chaturvedi B. Harit Kor Dayal C. Surekha Shankar Yadav D. Geeta Anand

Ans. C Sol. • Surekha Shankar Yadav is the first female driver of Indian Railways. • She became 's first female driver in 1988 when she drove a local train for Central Railways. • She became Asia's first woman train driver to drive the Deccan Queen on 8 March, 2011 from Pune to CST.

2.‘RailWire’ is related to: A. Brand name of a cable B. Fencing of railway stations C. Railway electrification D. Railway broadband service

Ans. D Sol. ● RailWire is a retail Broadband service of the RailTel.

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● RailTel extends broadband and application services to the masses through the RailWire platform. ● RailWire aims to provide value-added services in the Retail Sector, Education sector, Health and Spiritual lifestyle.

3.Where is biggest railway yard located in India? A. MughalSarai B. Prayagraj C. Arah D. Perampur

Ans. A Sol. • MughalSarai Station is located in and here the largest railway marshaling yard in Asia is situated. • The new name of Mughal Sarai Station is Deen Dayal Upadhayay Station. • It is 12.5 km long and handles around 1,500 wagons daily.

4.Which railway station is used for immigration and customs of passengers who travel on the Thar Express between and India? A. Jalal Marri B. Zero Point C. Lal Pir D. Gujar Garhi

Ans. B

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Sol. It is the zero point which is used for used for immigration and customs of passengers who travel on the Thar Express between Pakistan and India. It was constructed in 2006 and is the eastern terminus of the –Khokhrapar Branch Line, based in Pakistan.

5.Indian Railways network connects about ______stations. A. 12,000 B. 14,000 C. 8,000 D. 10,000

Ans. C Sol. ● Indian Railways is among the world’s largest rail networks. ● It connects about 8,000 stations. ● Indian Railways route length network is spread over 1,23,236 kms. ● It is also ideal for long-distance travel and movement of bulk commodities.

6.Which of the following is the country’s first corporate sector train? A. Train 14 B. Tejas C. D.

Ans. B Sol. • Tejas Train is the country’s corporate sector train.

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• The cuts the time travelled between the two cities to 6.15 hours from the 6.40 hours taken by the Swarn Shatabdi. • Vande Bharat Express is the state-run transporter’s first semi-high speed train.

7.Which was the first railway station in India? A. Mughal Sarai B. Thane Railway Station C. Bori Bunder railway station D. Vector Railway Station

Ans. C Sol. • Bori Bunder railway station was the first Railway Station in India, from here that first passenger train of India ran to Thane in 1853. • This station was rebuilt as Victoria Terminus later in 1888.

8.Which is the first ISO certified Indian railway station? A. Bilaspur B. Guwahati C. Chandigarh D. Malad

Ans. B Sol. • The Guwahati Railway Station is the First ISO ( International Organisation for Standardisation) certified Indian Railway Station. • It has got its certification from the National Green Tribunal (NGT) for “providing passenger amenities in a clean and green environment.”

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• The station also has amenities such as High-class reserve (VIP) lounge, waiting rooms, AC and non-AC retiring rooms, food courts and sanitation facilities.

9.Where is the National Rail Museum located? A. Mysore B. C. Bhopal D. E. Kolkata

Ans. D Sol. The National Rail Museum is a museum in Chanakyapuri, New Delhi which focuses on the rail heritage of India. It was inaugurated on the 1st February 1977.

10.The highest railway station in India is located in the state of ____. A. Uttar Pradesh B. Sikkim C. West Bengal D. Jammu & Kashmir

Ans. C Sol. • Ghum railway station of the Darjeeling, West Bengal Himalayan Railway is the highest railway station in India. • It is situated at an altitude of 2,258 metres. • This is world’s 14th highest railway station.

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11.From which city did Jeevan Rekha, the world’s first hospital train start its journey on July 16, 1991? A. B. New Delhi C. D. Bombay

Ans. D Sol. • On July 16, 1991, the world's first hospital on a train chugged out of Mumbai's Chhatrapati Shivaji Terminus on its maiden journey. • The , or Jeevan Rekha Express, is a hospital train that runs in India that began in 1991. • It was a collaboration between the Impact India Foundation (IIF), Indian Railways (IR) and the Health Ministry. The train is funded by IIF.

12.Where is Rail Coach Factory located? A. Cochin B. Chittgaon C. Kapurthala D. Amritsar

Ans. C Sol. • Rail coach factory is located at Kapurthala, Punjab on the Jalandhar-Firozpur line. • It was Established in 1986.

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• 'Tejas' high Speed Coach (Only by RCF Kapurthala for Indian Railway), 'Humsafar' Three Tier AC Coach, 1st AC etc are some of its productions.

13.Which is the Longest railway bridge of Indian railway? A. Gandhi Sagar Brigde B. Doodh sagar Bridge C. TripatiBridge D. Bridge

Ans. D Sol. • With a total length of 4,620 metres, Vembanad is the longest railway bridge in India. • Vembanad Rail Bridge is a rail connecting and in , . • Vembanad bridge is build over the backwaters of Vembanad lake and passes through the 3 small islands.

14.The Indian Railways has started a seven coach glass-enclosed vista dome train on the heritage Kalka-Shimla route. What is the name of this train? A. Kalka-Shimla Express B. Him Darshan Express C. Dev Darshan Express D. None of these

Ans. B Sol. • The Indian Railways has started a seven coach glass-enclosed vista dome train on the heritage Kalka-Shimla route.

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• This train has been named as Him Darshan Express. • The Him Darshan train a seating capacity of over 100 passengers.

15.Where is Rail Wheel Plant located? A. Bela B. Kapurthala C. Coimbatur D. Chittgaon

Ans. A Sol. • The Rail wheel Plant of Indian Railways is located at Bela, in Dariyapur Block of Saran district in Bihar. • It was founded in 2008 by the then Minister for Railways Shri Lalu Prasad Yadav.

16.Where is headquarters of Northern Railways? A. Jaipur B. Delhi C. Lucknow D. Chadigarh

Ans. B Sol. • The headquarters of Northern Railways is located at New Delhi Baroda House near India Gate. • Northern Railways is one of nine old zones of Indian Railways and also the biggest in terms of a network having a 6807-kilometre route.

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17.What was the name of the in-house magazine published by the Railways, distributed to the passengers? A. Rail Vishwa B. Rail Bandhu C. Rail Mail D. Rail Patra

Ans. B Sol. Indian Railways launched its first-ever print publication marking the occasion of Rail Diwas. Titled Rail Bandhu, this magazine was a monthly, and was launched in the premium of Northern Railways. In the pilot run, the title was distributed free of cost to the passengers of trains such as the Shatabdi and the .

18.In January 2020, China tested the world’s first high-speed driverless bullet train between Beijing and: A. Zhangjiakou B. Lhasa C. Shanghai D. Haikou

Ans. A Sol. ● China tested the world’s first high-speed driverless bullet train between Beijing and Zhangjiakou. ● The original Beijing-Zhangjiakou line opened in 1909 when the same journey took around eight hours. ● The Shanghai Maglev train at a top speed of 431 km/h is the fastest train in China.

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19.Which Indian state has maximum rail routes? A. Uttar Pradesh B. Madhya Pradesh C. Bihar D.

Ans. A Sol. • Uttar Pradesh has maximum length of rail Routes. • It has a length of 9077.45 Kms of Rail Route. • Madhya Pradesh has 5000kms, Bihar has 3730Kms and Karnataka has 3281 Kms.

20.Where is headquarters of Western Railways? A. Jaipur B. Ahmedabad C. Mumbai D.

Ans. C Sol. • The headquarters of Western Railways is located at Mumbai. • Western Railway in its present form came into existence on 5th November, 1951 by the merger of its forerunner, the erstwhile Bombay, Baroda and Central India Railway (BB&CI), with other State Railways viz, Saurashtra, Rajputana and Jaipur.

21.Fish-plates are used in railway tracks to _____.

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A. To avoid tracks being distorted due to temperature fluctuation B. To control speed of the train C. To connect two rails D. To keep the rails equidistant

Ans. C Sol.

• A fishplate, splice bar or joint bar is a metal bar that is bolted to the ends of two rails to join them together in a track.

• The name is derived from fish, a wooden bar with a curved profile used to strengthen a ship's mast.

22.In which city is Indian Railway-Rail Coach Factory located? A. Bengaluru B. Kapurthala C. D. Chittaranjan

Ans. B Sol. ● Indian Railway - Rail Coach Factory is located in Kapurthala. ● It is located on the Jalandhar-Firozpur railway line. ● It was established in 1986.

23.Which of the following is latest added to Indian Railways zones? A. B. East Coast Railway

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C. North East frontier Zone D. South east central Zone

Ans. A Sol.

• Indian Railways divides its operations into zones. It is divided into 18 zones.

• South Coast Railway zone is the newest zone in India.

• It is headquartered in .

24.Which is the fastest train in India? A. Vande Bharat Express B. Gatiman Express C. Train 32 D. Duranto express

Ans. A Sol. • Currently the fastest train in India is Vande Bharat express, with a max speed of 180 km/h and an operational speed of 130 km/h (81 mph) and an average speed of 100 km/h (62 mph), which runs between New Delhi and Varanasi • The Bullet Train Project is proposed between Ahmedabad to Mumbai is based on High-Speed Rail System. It is made in collaboration with Japan.

25.The is run by which state rail tourism? A. Orissa B. Karnataka C. D.

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Ans. B Sol. •The Golden Chariot Train is operated by the Karnataka State Tourism Development Corporation and hospitality is operated and managed by ‘The Maple Group’. • It is a luxury tourist train which travels different parts of Karnataka, Goa, Kerala & Tamil Nadu as well as Pondicherry

26.Pir Panjal Railway Tunnel is located in_____. A. Jammu and Kashmir B. Himachal Pradesh C. Uttarakhand D. Sikkim

Ans. A Sol. Pir Panjal Railway Tunnel is located in Jammu and Kashmir. It is 11.215 km long and the part of Jammu –Baramulla line. It is also known as Banihal railway tunnel. Hence, option A is the correct answer. DFCCIL Marketing Questions

1.A 'Buyers Market' means A. Sellers are also buyers B. Buyers are also sellers C. Demand exceeds supply D. Supply exceeds demand E. Demand equals supply

Ans. D

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Sol. A market which has more sellers than buyers. Low prices result from this excess of supply over demand. It is also called soft market.

2.‘Benchmark' means A. Performance standards of the DSAs B. Bench in bank branch. C. Pure selling quotients D. Standards for comparison E. Area of operation

Ans. D Sol. Benchmarking is the process of comparing one's business processes and performance metrics to industry bests or best practices from other companies. Dimensions typically measured are quality, time and cost.

3.A Target Group means A. Group of customers who need to be attacked B. A group of Sellers C. A group of customers to whom sales should be focused D. Existing customers E. Unhappy customers

Ans. C Sol. A target group is a group of customers a business has decided to aim its marketing efforts and ultimately its merchandise towards. A well-defined target market is the first element of a marketing strategy. Product, price, promotion, and place are the four elements of a marketing mix strategy that determine the success of a product or service in the marketplace.

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4.Market segmentation means A. Segmentation of sales teams B. Territory allocation C. Selling arrangements D. Segmentation of customers as per their wants E. Market place

Ans. D Sol. Market segmentation is a marketing strategy which involves dividing a broad target market into subsets of consumers, businesses, or countries that have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them.

5.What does JICNARS measures? A. Family structure B. Social class C. Election Results D. Demographic E. All of these

Ans. B Sol. JICNARS stands for “Joint Industrial Committee for Newspaper Advertising Research Surveys.” JICNARS is a software-based tool that is used by companies and specially media to profile their audience. By using a tool media separate their audience into different categories based on social class, occupation etc.

6.The main target group for SIP schemes are

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A. All HNIs B. All NRIs C. All salaried persons D. All agriculturists E. All students

Ans. C Sol. A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds.

7.Innovation in marketing is same as A. Motivation B. Inspiration C. Aspiration D. Creativity E. Team Work

Ans. D Sol. Innovation is a new idea, more effective device or process. Innovation can be viewed as the application of better solutions that meet new requirements, in articulated needs, or existing market needs.

8.Diversification in marketing means A. Marketing to different countries B. Marketing in many companies C. Marketing of the same product by many, diverse persons D. Marketing of new, diverse product

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E. All of the above

Ans. C Sol. When the same product is marketed by many diverse persons then it is termed as diversification in marketing.

9.Channel Finance can be considered only among A. Supply-chain distributors B. Chain snatchers C. NRIs D. Pensioners E. Housewives

Ans. A Sol. Channel Finance can be considered among the Supply-Chain distributors.

10.A successful 'Blue Ocean Strategy' requires A. Effective communication B. Innovative skills C. Motivation D. All of the above E. None of the above

Ans. D Sol. Blue ocean strategy is a market competition strategy.

11.What does the term PLC stands for?

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A. Product life cycle B. Production life cycle C. Product long cycle D. Production long cycle E. None of these

Ans. A Sol. PLC stands for: Product life cycle. A new product progresses through a sequence of stages from introduction to growth, maturity, and decline. This sequence is known as the product life cycle and is associated with changes in the marketing situation, thus impacting the marketing strategy and the marketing mix.

12.When a new product arrives in the market with higher quality, higher value and new features better than its competitors. Such products are known as A. Superior products B. Develop superior products C. Unique superior products D. New products E. None of these

Ans. C Sol. When a new product arrives in the market with higher quality, higher value and new features better than its competitors. Such products are known as Unique superior products

13.Which of the following are the correct order of steps to be followed while developing a new product? A. Idea, Evaluation, Screening, Development

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B. Idea, Screening, Evaluation, Development, Commercialization C. Idea, Screening, Development, Commercialization D. Idea, Screening, Development, Evaluation, Commercialization E. None of the Above

Ans. B Sol. There are many reasons why a new product introduced to the market often fails. It could be due design failure, cost, or the product itself has no uniqueness. To avoid such instances, we may have to follow few stages like Idea, Screening, Evaluation, Development, and Commercialization.

14.In which stage of a product life cycle, a product is rejected? A. Evaluation B. Screening C. Development D. Either A or D E. None of the Above

Ans. B Sol. Before a product is to be introduced into the market, there are numerous ideas, and most of them will be rejected at the very first stage - Screening. It’s here the product is analyzed in terms of the rate of return, its strength and weakness etc.

15.Which of the following are key goals in the Growth Stage? (i) Gaining wider Distribution (ii) Price Competition (iii) Persuasive promotion (iv) Market consolidation

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A. (ii), (iii) and (iv) B. (i) and (ii) C. (i) and (iv) D. All the above E. None of the above

Ans. C Sol. In the growth stage, sales will grow at an increasing rate, competitors enter the market. It’s in this stage, the goal should be on wider distribution thereby achieving market consolidation with high profits.

16.At which stage of the product life, cycle does the product sales decline and approach saturation? A. End of Growth Stage B. Maturity Stage C. Decline stage D. Either (a) or (c) E. None of the Above

Ans. B Sol. At the maturity stage, the product will require more marketing and will approach saturation. Sales will decline hence the profit and price will fall. This stage tends to remain for a longer period. DFCCIL Economics Questions

1...... are receipts of the government which are non-redeemable. A. Tax receipts B. Direct receipts C. Revenue receipts

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D. Indirect receipts

Ans. C Sol. * A receipt is an acknowledment that a person has received money following a sale or other transfer of goods or provision of a service. * Receipt can be produced manually or generated electronically. * The receipt that cannot be reclaimed from the government. * Receipts are classified into two types: Revenue receipts and Capital receipts. * Capital Receipts are receipts of the government, which create liability or reduce financial assets. * Revenue receipts are receipts of the government which are non-redeemable. * Revenue receipts are again classified into tax and non-tax revenues. * The Tax receipt is an acknowledgment received when the tax payment is done as a reference and record. * Non-tax receipts are government revenue not generated from taxes.

2...... capital refers to the variety of raw material and money in hand during the production. A. Fixed B. Working C. Human D. Physical

Ans. B Sol. * The raw materials and money in hand are known as working capital, which is used for the production of commodities. It is also called as current capital.

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* Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. * Fixed capital is defined as the stock of tangible, durable fixed assets owned or used by resident enterprises for more than one year. This includes plant, machinery, vehicles and equipment, installations and physical infrastructures, the value of land improvements and buildings. * Human capital is an intangible asset or quality not listed on a company’s balance sheet. It can be classified as the economic value of a worker’s experience and skills. This includes assets like education, training, intelligence, skills, health.

3.The green revolution did NOT include: A. Use of a well-developed irrigation system of irrigation. B. Upgradation of the roads of the village. C. Use of advanced technology in farming. D. High-yielding varieties of seeds.

Ans. B Sol. ● ‘Upgradation of the roads of the village’ was not included in the Green Revolution. ● The basic approach was the development of high-yielding varieties of cereal grains, expansion of irrigation infrastructure, modernization of management techniques, distribution of hybridized seeds, synthetic fertilizers, and pesticides to farmers. ● M.S. Swaminathan has been called the “Father of Green Revolution in India” for his role in introducing and further developing high-yielding varieties of wheat in India.

4.Which of the following are NOT Trade Barriers? A. Subsidies B. Embargo

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C. Export Security D. Tariff Barriers

Ans. C Sol. ● Trade barriers are government-induced restrictions on international trade. Man-made trade barriers come in several forms, including tariffs, non-tariff barriers, import licenses, export licenses, import quota, subsidies, voluntary export restraints, embargo, etc. Hence, export security doesn’t come under the trade barrier. ● In theory, free trade involves the removal of all such barriers, except perhaps those considered necessary for health or national security. In practice, however, even those countries promoting free trade heavily subsidize certain industries, such as agriculture and steel.

5.In Buget 2021-22, Minimum loan size eligible for debt recovery under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 proposed to be reduced from Rs. 50 lakh to ……………..lakhs for NBFCs with minimum asset size of Rs. 100 crore? A. 40 B. 30 C. 20 D. 10

Ans. C Sol. * Minimum loan size eligible for debt recovery under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 proposed to be reduced from Rs. 50 lakh to Rs. 20 lakh for NBFCs with minimum asset size of Rs. 100 crore.

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* Highlights of Union Budget- * Increasing FDI in Insurance Sector * To increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards. * Stressed Asset Resolution * Asset Reconstruction Company Limited and Asset Management Company to be set up * Recapitalization of PSBs * Rs. 20,000 crore in 2021-22 to further consolidate the financial capacity of PSBs * Deposit Insurance * Amendments to the DICGC Act, 1961, to help depositors get an easy and time-bound access to their deposits to the extent of the deposit insurance cover

6.The Government of India added the prefix ‘MG’ to the National Rural Employment Guarantee Act in the year ______. A. 2008 B. 2007 C. 2012 D. 2009

Ans. D Sol. ● The Full form of MGNREGA is the “Mahatma Gandhi National Rural Employment Guarantee Act.” ● The Act, earlier known as National Rural Employment Guarantee Act (NREGA), was later renamed as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in 2009.

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● MGNREGA is Indian labour law and social security measure that aims to guarantee the right to work. This Act was passed in 2005 under the UPA government of Prime Minister Dr. Manmohan Singh.

7.‘A Plan of Economic Development for India’, which was prepared by a cross-section of India’s leading capitalists in 1944, was popularly known as the ______Plan. A. Mysore B. C. Bombay D. Calcutta

Ans. C Sol. ● The Bombay Plan is the name commonly given to a World War II-era set of proposals for the development of the post-independence economy of India. ● The Plan was published in 1944 (first) and 1945 (second) by eight leading Indian industrialists, who proposed state intervention in the economic development of the nation after independence from the United Kingdom. ● The eight industrialists were J. R. D. Tata, Ghanshyam Das Birla, Ardeshir Dalal, Lala Shri Ram, Kasturbhai Lalbhai, Ardeshir Darabshaw Shroff, Sir Purshottamdas Thakurdas, and John Mathai.

8.______is a mandatory mark found on all processed fruit products sold in India – such as packaged fruit beverages, fruit-jams, crushes and squashes, pickles, dehydrated fruit products, and fruit extracts – as per the Food Safety and Standards Act of 2006. A. HALLMARK B. FPO C. ISI

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D. BEE Star Rating

Ans. B Sol. ● The FPO mark is a certification mark mandatory on all processed fruit products sold in India, such as packaged fruit beverages, fruit-jams, squashes, pickles, dehydrated fruit products, and fruit extracts, following the Food Safety and Standards Act of 2006. ● The standards have been in force since 1955 by the law of Fruit Products Order, after which the mark is named, but the mark itself got a mandatory status only after the Food Safety and Standards Act of 2006.

9.Which of the following money transfer systems allows 24*7*365 transfer of money? A. IMPS B. Cheque C. NEFT D. RTGS

Ans. A Sol. ● Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24x7 throughout the year including bank holidays. ● NEFT was also made available 24x7 from December 2019. RTGS was also made available 24x7 from 14th December 2020.

10.Which of the following institutions is responsible for regulating the formal sources of credit in India?

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A. RBI B. TRAI C. NABARD D. IRDA

Ans. A Sol. ● The Reserve Bank of India is responsible for regulating the formal sources of credit in India. It is the monetary authority in India ● The RBI acts as a regulator and supervisor of the overall financial system. This injects public confidence into the national financial system, protects interest rates, and provides positive banking alternatives to the public.

11.The Economic Survey of India is published by: A. Department of Financial Services B. Department of Economic Affairs C. Department of Revenue D. Department of Public Expenditure

Ans. B Sol. ● The Economic Survey is prepared by the Economics Division of the Department of Economic Affairs in the Finance Ministry under the overall guidance of the chief economic adviser and is released after it is approved by the finance minister. ● The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget.

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12.Bank rate is decided by which of the following agencies? A. Securities and Exchange Board of India B. Reserve Bank of India C. State Bank of India D. Ministry of Finance

Ans. B Sol. ● Bank rate is decided by the Reserve Bank of India . ● Reserve Bank of India is the central bank of India. ● Bank rate is the rate of interest which is charged by the central bank on its advances given to commercial banks. ● It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. ● It also manages the country’s main payment systems and works to promote its economic development. ● The current rates as per RBI Monetary Policy are: SLR is 18.00%, Repo rate is 4.00%, Reverse Repo rate is 3.35%, MSF rate is 4.25%, CRR is 3.00% and Bank rate is 4.25%.

13.……… refers to a deposit into a bank account or a financial institution with no specified maturity date. A. Demand deposit B. Fixed deposit C. Recurring deposit D. Current deposit

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Ans. D Sol. ● Current deposit refers to a deposit into a bank account or a financial institution with no specified maturity date. ● These types of Current Deposit account generally only earn demand deposit interest. ● Current account also allows one to make payments to creditors through the cheque facility offered by the bank. ● A current account, also known as a financial account is a type of deposit account maintained by individuals who carry out a significantly higher number of transactions with banks on a regular basis. ● A demand deposit is money deposited into a bank account with funds that can be withdrawn on-demand at any time. ● A fixed deposit refers to an investment scheme that banks and non-banking financing companies provide. ● A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.

14.Which of the following is one of the criteria to represent the standard of living in a country? A. Industrial growth B. Poverty ratio C. National income D. Per capita income

Ans. D Sol. ● The per capita income determines the average standard of living in a country.

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● The per capita income of a country is determined by the total national income and the size of its population. ● The first attempt to calculate the national income of India was made by Dadabhai Naoroji in 1867 – 68, who estimated per capita income to be ₹ 20. ● In India, Central Statistical Organisation (1949) now renamed as Central Statistical Office (CSO) has been formulating National Income.

15.Rapid integration between countries is known as: A. globalisation B. liberalisation C. modernisation D. privatisation

Ans. A Sol. ● Globalisation is the process of rapid integration and interaction among people, companies, and countries worldwide. ● Globalization has accelerated since the 18th century due to advances in transportation and communication technology. ● Globalisation has increased the production of goods and services. ● The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries.

16...... is a microfinance organisation and community development bank founded in Bangladesh which makes small loans to the impoverished without requiring collateral. A. Reserve bank B. Federal bank

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C. Cooperative bank D. Grameen bank

Ans. D Sol. ● Grameen Bank is a microfinance organisation and community development bank founded in Bangladesh. ● It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral. ● In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank. ● In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize.

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