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DAILY STATIC QUIZ (PYQs)
It will cover PYQs all the topics of static subjects – Polity, History, Geography, Economics, Environment and Science and technology.
Daily 5 questions (Monday to Saturday) will be posted from static topics (PYQs)
The questions will be in the quiz format so you will be able to answer them directly on the portal.
Schedule
Same cycle will be repeated from Week 6.
Make the best use of the initiative. All the best!
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With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?
Select the correct answer using the code given below.
Solution (c)
Current Account includes export and import of visibles (merchandise or goods – represent trade balance) and invisibles (non-merchandise).

Solution (c)
Current Account includes export and import of visibles (merchandise or goods – represent trade balance) and invisibles (non-merchandise).

‘Pradhan Mantri Jan-Dhan Yojana’ has been launched for (2015)
Solution (c)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
Objectives:
Solution (c)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
Objectives:
In the ‘Index of Eight Core Industries’, which one of the following is given the highest weight?
Solution (b)
As per the year 2020, the eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
Solution (b)
As per the year 2020, the eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
The Fair and Remunerative Price (FRP) of surgarcane is approved by the (2015)
Solution (a)
The Cabinet Committee on Economic Affairs (CCEA) approve the proposal in respect of Determination of ‘Fair and Remunerative Price’
Solution (a)
The Cabinet Committee on Economic Affairs (CCEA) approve the proposal in respect of Determination of ‘Fair and Remunerative Price’
When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen? (2015)
Solution (c)
The SLR cut by the RBI is likely to give more space for banks to cut rates.
The SLR is the portion of deposits banks are required to hold in the form of gold or government securities before providing credit to customers.
The repo rate is the rate at which the central bank lends money to banks. CRR is the portion of total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.
Solution (c)
The SLR cut by the RBI is likely to give more space for banks to cut rates.
The SLR is the portion of deposits banks are required to hold in the form of gold or government securities before providing credit to customers.
The repo rate is the rate at which the central bank lends money to banks. CRR is the portion of total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.