(IGP) CSAT Paper - I : Economy - MCQ - 3

1. Consider the following financial institutions of India:
A. Industrial Finance Corporation of India (IFCI)
B. Industrial Credit and Investment Corporation of India (ICICI)
C. Industrial Development Bank of India (IDBI)
D. National Bank of Agriculture and Rural Development (NABARD)
The correct chronological sequence of the establishment of these institutions is
(a) A, B, C, D
(b) B, C, D, A
(c) C, D, A, B
(d) D, A, B, C

2. Consider the following organizations:
A. International Bank for Reconstruction and Development
B. International Finance Corporation
C. International Fund for Agricultural Development
D. International Monetary Fund
Which of these are agencies of the United Nations?
(a) A and B
(b) Band C
(c) C and D
(d) A, B, C, and D

3. Consider the following statements. Most internationals agencies which fund development programmes in India on intergovernmental bilateral agreements mainly
A. Technical assistance
B. Soft loans which are required to be paid back with interest
C. Grants, not required to be paid back
D. Food assistance to alleviate poverty
(a) B and D are correct
(b) 1, 2, and C are correct
(c) A, B, and D are correct
(d) C and D are correct

4. Consider the following statements
A. Regarding the procurement of food grains, Government of India follows a procurement target rather than an open-ended procurement policy.
B. Government of India announces minimum support prices only for cereals
C. For distribution under Targeted Public Distribution System (TPDS), wheat and rice are issued by the Government of India at uniform Central issue prices to the States/ Union Territories.
Which of the statements given above is/are correct?
(a) A and B
(b) B only
(c) A and C
(d) C only

5. Consider the following statements.
A. Reserve Bank of India was nationalized on 26 January 1950.
B. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance.
Which of the statements given above is/are correct?
(a) A only
(b) B only
(c) Both A and B
(d) neither A nor B provide

Answers