Q. 26. Consider the following statements:
1. Wholesale Price Index (WPI) tracks changes in price levels for both goods and services while Consumer Price Index (CPI) tracks price changes for goods only.
2. The CPI is released by the National Statistical Office (NSO), while the WPI is released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT).
3. The weightage of fuel in CPI is more than that in WPI.
How many of the statements given above are correct?
(a) None
(b) Only one
(c) Only two
(d) All three
Answer:
Explanation:
Q. 27. IMF’s World Economic Outlook (April 2026) projected India’s _________ at around $4.15 trillion in fiscal year 2025-26:
(a) Nominal Gross Domestic Product (GDP)
(b) Real GDP
(c) Nominal National Income
(d) Real National income
Answer:
Explanation:
Q. 28. Which of the following assets are included in Foreign Exchange Reserves of a country?
1. Foreign Currency assets.
2. Gold
3. Silver
4. Special Drawing Rights
5. Reserve Position in the IMF
6. Private Foreign Currency Holdings
Select the correct answer out of the options given below:
(a) 2 and 3
(b) 1, 2, 3 and 5
(c) 1, 4, 5 and 6
(d) 1, 2, 4 and 5
Answer:
Explanation:
Q. 29. Consider the following statements about Monetary Policy Committee (MPC) in India:
1. It is headed by the Minister of Finance.
2. It is tasked with managing inflation within a 4% target (±2%) while supporting economic growth.
3. The MPC is mandated to meet at least four times a year.
Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer:
Explanation:
Q. 30. Consider the following statements regarding Non-Banking Financial Companies:
1. NBFCs are subject to different statutory and regulatory requirements compared to Banks.
2. NBFCs cannot accept demand deposits;
3. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself
4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of deposit taking NBFCs
How many of the statements given above is/are correct?
(a) All four
(b) Only three
(c) Only two
(d) Only one
Answer:
Explanation: