Indian Economy – Yearwise Questions – Current Affairs Of Economy Of India – W.B.C.S. Mains Examination.

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WBCS Main Question Paper – 2019

Which of the following is one of the states which has topped NITI Aayog’s Index of Indian States’ performance on various UN Sustainable Development
Goals (SDGs)?
(A) Karnataka
(B) Gujarat
(C) Maharashtra
(D) Kerala
The Govt. has decided to provide what per cent interest subsidy to
merchant exporters, entailing an expenditure of Rs. 600 cr?
(A) 2 per cent
(B) 3 per cent
(C) 4 per cent
(D) 5 per cent
According to the data released by the Central Statistics Office (CSO), the Indian economy is likely to grow at what per cent in the financial year (2018- 19)?
(A) 6.7 per cent
(B) 6.9 per cent
(C) 7.2 per cent
(D) 7.4 per cent
In Pradhan Mantri Fasal Bima Yojana (PMFBY), the timeline of how
many months is set for settlement of claims by insurance companies after the completion of crop cutting experiments/harvesting period?
(A) One
(B) Two
(C) Three
(D) Four
According to the World Economic Forum’s (WEF) report titled ‘Future of Consumption in Fast-Growth Consumer Market —India’ , what will be India’s ranking as the world’ s largest consumer market by 2030?
(A) Second
(B) Third
(C) Fourth
(D) Fifth
On which bank the RBI has slapped Rs.1 crore penalty for not
monitoring the end use of funds in respect of one of its borrowers?
(A) Bank of Baroda
(B) PNB
(C) SBI
(D) Allahabad Bank
The RBI raised the limit of collateral free agricultural loans to Rs.1.6
lakh from the current ______ with a view to help small and marginal farmers.
(A) Rs.50,000
(B) Rs.1 lakh
(C) Rs.1.5 lakh
(D) Rs.80,000
Indian Banking Association has issued advisory requesting banks to
waive off the processing, documentation, inspection and all other service charges for Kisan Credit Card and crop loans up to INR _____
(A) Rs. 2 lakh
(B) Rs. 3 lakh
(C) Rs. 4 lakh
(D) Rs. 4.50 lakh
The RBI has announced that it will transfer an interim surplus of INR to the Central Government for the half year ended 31st December 2018.
(A) Rs. 28,000 Crore
(B) Rs. 20,000 crore
(C) Rs. 30,000 crore
(D) Rs. 25,000 crore
India’s fiscal deficit has touched of the FY 19Budget target of Rs. 6.24
lakh crore during the period of 9 months from April to December 2018.
(A) 90%
(B) 100%
(C) 112%
(D) 115%
What is the name of the mega pension scheme announced in Interim
Budget 2019 under which Rs. 3,000 per month pension for 10 crore
unorganised sector workers has been proposed for contribution of Rs.
100/55 per month?
(A) Pradhan Mantri Shram Yogi Maandhan
(B) PM-Kisan Samman
(C) PM Jan Suraksha Bima Yojana
(D) Sukanya Samriddhi Y0Jana
Which State Govt. has announced interest free loans of up to three lakh rupees for women self-help group (WSHGs) in the state?
(A) West Bengal
(B) Rajasthan
(C) Chattisgarh
(D) Odisha
Rythu Bandhu Scheme is implemented in which State? The state govt.
provides an income support of Rs. 4000 per acre per season to farmers
under the scheme:
(A) Odisha
(B) Assam
(C) Telangana
(D) Kerala
Which State has announced new temporary cow shelters in the urban
and rural areas and imposition of a cess on excise duty for the same?
(A) Madhya Pradesh
(B) Rajasthan
(C) Uttar Pradesh
(D) Haryana
Which State has emerged on top of Asia Competitiveness Institute
(ACI), Singapore’s 2018 Ease of Doing Business Index?
(A) Rajasthan
(B) Gujarat
(C) Delhi
(D) Andhra Pradesh
The govt. collected what amount as GST in Dec 2018?

(A) Rs. 92,726 Cr.
(B) Rs. 94.726 Cr.
(C) Rs. 95,726 Cr.
(D) Rs. 96,726 Cr.

Which State Govt. recently announced two welfare initiatives for farmers as part of the ‘Krishi Krishak Bondhu’ Scheme?
(A) Odisha
(B) West Bengal
(C) UP
(D) Bihar
Who among the following was recently declared ‘fugitive economic
offender’ by a Mumbai Court?
(A) Nirav Modi
(B) Lalit Modi
(C) Subrata Roy
(D) Vijay Mallya
Which country asked the RBI to declare Indian currency notes of
denominations higher than Rs. 100 legal tender in that country?
(A) Maldives
(B) Nepal
(C) Bhutan
(D) Myanmar
The RBI has allowed the Small Industries Development Bank of India
(SIDBI) to use an existing Rs. 1000 Cr. corpus for lending to
(A) Microfinance Institutions
(B) Students
(C) Payment Banks
(D) Farmers
The book ‘Changing India’ has been penned by who among the
followings?
(A) Pranab Mukherjee
(B) Amit Shah
(C) Raghu Ram Rajan
(D) Manmohan Singh
The Indian origin (Mysore-born) economist has joined International
Monetary Fund as its Chief Economist. Who is she/he?
(A) Gita Gopinath
(B) Amitabh Chaudhury
(C) Jaideep Gound
(D) Vishakha Mulye
The GST council took a slew of decision aimed at reducing the tax and
compliance burden on small and medium enterprises. The limit for eligibility for the Composition Scheme would be raised to an annual turnover of
________ from April, 2019.
(A) Rs. 1 Cr
(B) Rs. 1.5 Cr.
(C) Rs. 2. Cr
(D) Rs. 2.5 Cr
The Reserve Bank of India on January 1, 2019 allowed lenders to
recast loans of stressed micro, small and medium enterprises (MSMEs),
provided the total fund and non-fund-based exposure to such a borrower
does not exceed—
(A) Rs. 10 Cr.
(B) Rs, 15 Cr.
(C) Rs. 20 Cr.
(D) Rs. 25 Cr.
Maharatna Oil PSU Indian Oil will invest over ______ in West Bengal In
the next two years.
(A) Rs. 1300 crore
(B) Rs. 1200 crore
(C) Rs. 1100 crore
(D) Rs. 1000 crore
Dutch firms are ready to help in setting up port facilities (Logistic Hub) at ________ in West Bengal.
(A) Calcutta Port
(B) Haldia Port
(C) Tajpur and Kulpi
(D) All of the above
The Government of India is amending a clause of the 1991 Treaty of
Trade and Transit to explore water routes. Name the other country.
(A) Bhutan
(B) Sri Lanka
(C) Maldives
(D) Nepal
At the NITI Aayog meeting of CMs on 15th June 2019 the P.M said that
the goal of making India a _____ economy by 2024 was challenging but
achievable.
(A) $ 3 trillion
(B) $ 4 trillion
(C) $ 5 trillion
(D) $ 6 trillion
State Bank of India has reported a net profit of _______ for the quarter
ended March, 2019.
(A) Rs. 838 crore
(B) Rs. 738 crore
(C) Rs. 638 crore
(D) Rs. 538 crore
The man’s unique feet: unveiling e-Choupal with an arm to change
India’s rural economy by empowering farmers. He died on May 11, 2019.
Who is he?
(A) Yogesh Chander Deveshwar (YCD)
(B) Meera Sanyal
(C) MasazoNonaka
(D) Atal Behari Vajpayee
The Govt. has exempted rupee payments made to the oil company
NIOC towards the purchase of crude oil from payment of any tax. NIOC
belongs to
(A) Saudi Arabia
(B) Venezuela
(C) Cambodia
(D) Iran
Which of the following private sector banks has announced a ‘blended
finance facility’ to rescue salt farmers of Rann of Kutch (Gujarat)?
(A) HDFC Bank
(B) ICICI Bank
(C) YES Bank
(D) AXIS Bank
The RBI has set up an expert committee to suggest long term solutions
for the economic and financial sustainability of the MSME sector. The
committee is headed by
(A) UK SINHA
(B) Chitra Ramkrishna
(C) DR Mehta
(D) Arundhati Bhattacharya

WBCS Main Question Paper – 2018

Read the statements
i) Insolvency and Bankruptcy Code, recognised home buyers as financial
creditors to real estate developers.
ii) Home buyers will get due representation in the committee of creditors
iii) The amended Insolvency and Bankruptcy Code specifies home buyers
will be treated as secured creditors.
Which statements are correct in reference to Insolvency and Bankruptcy
Code (Amendment) Ordinance, 2018?
a) Only (i) and (ii) are correct
b) only (i) and (iii) are correct
c) Only (ii) and (iii) are correct
d) All statements are correct.
According to RBI’s latest report, Import Cover of the country in
December, 2017 is of how many months?
a) 12 months
b) 10.8 months
c) 15 months
d) 19 months
The Insurance Regulatory and Development Authority of India (IRDAI)
has approved which of the following agencies to acquire a majority stake in
IDBI bank?
a) LIC
b) GIC
c) National Insurance Co. Ltd.
d) None of the above
As per Mercer’s 24th Annual Cost of Living Survey 2018, which is
India’s most expensive city?
a) Gurugram
b) Mumbai
c) Bengaluru
d) Hyderabad
Which of the following three general insurance companies will be
merged into single insurance company as per Budget 2018-19?
a) UTI, Oriental Insurance and National Insurance
b) LIC, Bharti AXA and United Insurance
c) General Insurance, Max Bupa and UTI
d) Agriculture Insurance Company of India Limited, Bharti AXA and United
Insurance

WBCS Main Question Paper – 2015

India’s external debt at the end of March, 2014 stood at
(A) USD 440.6 billions
(B) USD 550.7billions
(C) USD 540.6 billions
(D) None of the above
Consider the following statements :
1. India’s Jute contributes about 70% of world production
2. Minimum support price for raw jute is fixed every six months by
Government of India
3. Raw jute is produced mainly in the State of West Bengal, Bihar, Assam
and Tripura
4. The Cabinet Committee on Economic Affairs has approved the Minimum
Support Price for 2014-15 season at Rs. 2,400 per quintal
(A) 1, 2 & 3 are true
(B) 1, 3 & 4 are true
(C) 1 & 2 are true
(D) All are true
The National Income of India during 2013-14 at current prices is
estimated at
(A) Rs. 92.4 lakh crore
(B) Rs. 91.5 lakh crore
(C) Rs. 98.6 lakh crore
(D) None of the above
The allocation for General budget as a percentage of total budget has
gone up from 2.79% in 2005-06 to ______ in 2015-16
(A) 5.46
(B) 4.46
(C) 5.83
(D) 5.91

WBCS Main Question Paper – 2014

C.S.O. has predicted the GDP growth of Indian economy in 2014-15
fiscal year will be –
(A) 4.9%
(B) 5.5%
(C) 3.3%
(D) 7%
As per 13th Finance Commission recommendations during 2010-15
transfers to the states from the Central tax pool, are expected to be
(A) Rs. 40,000 crores
(B) Rs. 1,60,850 crores
(C) Rs. 3,18,581 crores
(D) Rs. 5,04,309 crores

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