Q. 61. At what Compound Annual Growth Rate (CAGR) did the mining and construction equipment (MCE) industry grow in the last decade (FY2015-FY2024)
10%
12%
15%
11%
Answer:
(B) 12%
Explanation:
Backed by significant infrastructure push and capital expenditure in India over the past decade, the MCE industry recorded a healthy CAGR of roughly 12%.
Q. 62. According to the Economic Survey 2024-25, the industrial sector is expected to grow by what percentage in FY25?
5.2%
5.7%
6.2%
6.7%
Answer:
(D) 6.7%
Explanation:
Current governmental economic surveys peg the forward-looking growth of the industrial and manufacturing sectors in the ballpark of 6.7%, driven by PLI schemes and domestic demand.
Q. 63. Which apex body was set up to coordinate the activities of all institutions involved in the rural financing system?
RBI
RRBs
NABARD
SBI
Answer:
(C) NABARD
Explanation:
The National Bank for Agriculture and Rural Development (NABARD) was established in 1982 specifically as the apex regulatory body for overall regulation and coordination of regional rural banks and apex cooperative banks in India.
Q. 64. What are the three key dimensions of the Human Development Index?
Economic growth, social progress, and environmental sustainability
Health, education, and standard of living
Political stability, infrastructure development, and technological advancement
Income, employment, and poverty reduction
Answer:
(B) Health, education, and standard of living
Explanation:
Developed by the UN, the HDI evaluates countries across three critical dimensions: a long and healthy life (life expectancy), access to knowledge (education/schooling years), and a decent standard of living (GNI per capita).
Q. 65. Taylor’s Rule tells:
How monetary authority sets interest rate in response to economic activity
How monetary authority maintains bank rate
How monetary authority maintains exchange rate
How the government decides the tax rate to increase the tax base.
Answer:
(A) How monetary authority sets interest rate in response to economic activity
Explanation:
Proposed by economist John Taylor, Taylor’s rule is an economic formula that provides a recommendation for how central banks (the monetary authority) should alter interest rates in response to changes in inflation and macroeconomic output.
