031/23 -M

16. Which of the following statements is/are correct about the Indian economy during the

17.

18.

19.

Covid Pandemic 2019 - 21?
1. Agriculture and allied sectors have been the least impacted by the pandemic.
2. India’s balance of payments remained in surplus.

3. India’s response has been an emphasis on demand management rather than reliance
on supply-side reforms.

4. Indian economy is expected to witness a real GDP expansion.

A) 1 and2 8) 1,2 and 4

©) 3 only D) all are wrong

Reverse Repo Rate refers to

A) The (fixed) interest rate at which the Reserve Bank absorbs liquidity, on an overnight
basis, from banks against the collateral of eligible government securities under the
Liquidity Adjustment Facility.

B) The (flexible) interest rate at which the Reserve Bank absorbs liquidity, on an overnight
basis, from banks against the collateral of eligible government securities under the
Liquidity Adjustment Facility.

C) The rate at which the Reserve Bank is ready to buy or rediscount bills of exchange
or other commercial papers.

D) The outright purchase and sale of government securities, for injection and absorption
of durable liquidity, respectively.

Which among the following is the largest item of revenue in the Union Budget
2022-23?

A) Income tax

B) Union Excise Duties

C) GST

D) Borrowings and other liabilities

Which one of the following is not an objective of NIT| AYOG ?

A) To foster co-operative federalism

B) To develop mechanisms to formulate credible plans at the central level

C) To design strategic and long-term policy and program frameworks and initiatives

D) To create a knowledge, innovation and entrepreneurial support system

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