Civil Services Exam: Model Paper 1 – Economy
Civil Services Exam: Model Paper 1
Question 1 – 12 — History
Question 13 – 25 — Geography
Question 26 – 37 — Polity & Governance
Question 38 – 50 — Economy
Question 51 – 65 — Science & Tech.
Question 66 – 75 — Environment
Question 38: Which of the following statements regarding One Stop Centres (OSCs) is incorrect?
1. One Stop Centres (OSCs) are designed to tackle the issue of violence against women as part of a central sector scheme.
2. They are a subset of the broader National Mission for Empowerment of Women, which includes the Indira Gandhi Mattritav Sahyaog Yojana.
3. Funding for OSCs is primarily sourced from the Nirbhaya Fund, with the central government extending 100% financial aid to state governments/UT administrations.
(a) Only 1
(b) Only 2
(c) All 1, 2, and 3
(d) None
1. One Stop Centres (OSCs) are designed to tackle the issue of violence against women as part of a central sector scheme.
2. They are a subset of the broader National Mission for Empowerment of Women, which includes the Indira Gandhi Mattritav Sahyaog Yojana.
3. Funding for OSCs is primarily sourced from the Nirbhaya Fund, with the central government extending 100% financial aid to state governments/UT administrations.
(a) Only 1
(b) Only 2
(c) All 1, 2, and 3
(d) None
Question 39: Which of the following statements regarding Special Economic Zones (SEZ) is/are correct?
1. SEZs are designated areas within a country characterized by special fiscal concessions and distinct business and commercial regulations.
2. Asia’s inaugural Export Processing Zone (EPZ) was established in Kandla, Gujarat.
3. A committee headed by Baba Kalyani was formed by the Ministry of Commerce and Industry to assess India’s existing SEZ policy.
(a) Only 1
(b) Only 2
(c) All 1, 2, and 3
(d) None
1. SEZs are designated areas within a country characterized by special fiscal concessions and distinct business and commercial regulations.
2. Asia’s inaugural Export Processing Zone (EPZ) was established in Kandla, Gujarat.
3. A committee headed by Baba Kalyani was formed by the Ministry of Commerce and Industry to assess India’s existing SEZ policy.
(a) Only 1
(b) Only 2
(c) All 1, 2, and 3
(d) None
Question 40: Regarding the Prevention of Money Laundering Act (PMLA), consider the following statements:
1. The PMLA was enacted in India as a response to the Financial Action Task Force (FATF) recommendations, not the Vienna Convention.
2. The provisions of PMLA are indeed applicable to the Reserve Bank of India (RBI).
3. The enforcement of the PMLA is the responsibility of the Enforcement Directorate (ED), not the Central Bureau of Investigation (CBI).
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) 3 only
(d) 1, 2, and 3 only
1. The PMLA was enacted in India as a response to the Financial Action Task Force (FATF) recommendations, not the Vienna Convention.
2. The provisions of PMLA are indeed applicable to the Reserve Bank of India (RBI).
3. The enforcement of the PMLA is the responsibility of the Enforcement Directorate (ED), not the Central Bureau of Investigation (CBI).
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) 3 only
(d) 1, 2, and 3 only
Question 41: Consider the following statements regarding the SAMARTH Scheme (Scheme for Capacity Building in Textiles Sector):
1. SAMARTH is a demand-driven and placement-oriented umbrella skilling program administered by the Ministry of Textiles, not the Ministry of Skill Development & Entrepreneurship.
2. SAMARTH aims to benefit various sections of society, including SC, ST, and marginalized categories, with a focus on women, and it covers not only the Northeastern states but also other parts of India.
Which of the statements given above is/are not correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
1. SAMARTH is a demand-driven and placement-oriented umbrella skilling program administered by the Ministry of Textiles, not the Ministry of Skill Development & Entrepreneurship.
2. SAMARTH aims to benefit various sections of society, including SC, ST, and marginalized categories, with a focus on women, and it covers not only the Northeastern states but also other parts of India.
Which of the statements given above is/are not correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Question 42: Consider the following statements regarding the Cash Reserve Ratio (CRR):
1. The CRR is a monetary policy tool utilized by central banks to regulate and manage the availability of credit in the economy.
2. It represents the minimum percentage of deposits that commercial banks are required to maintain in the form of cash, gold, or other approved securities.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
1. The CRR is a monetary policy tool utilized by central banks to regulate and manage the availability of credit in the economy.
2. It represents the minimum percentage of deposits that commercial banks are required to maintain in the form of cash, gold, or other approved securities.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Question 43: Consider the following statements related to terms used in the context of startups:
1. Unicorns typically refer to startups founded after the year 2000 that have achieved a valuation of USD 1 billion or more.
2. Gazelles are startups that exhibit rapid growth and have the potential to become Unicorns in the near future, often within the next three years.
3. Cheetahs are startups that are expected to achieve Unicorn status within a longer time frame, typically within the next five years.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
1. Unicorns typically refer to startups founded after the year 2000 that have achieved a valuation of USD 1 billion or more.
2. Gazelles are startups that exhibit rapid growth and have the potential to become Unicorns in the near future, often within the next three years.
3. Cheetahs are startups that are expected to achieve Unicorn status within a longer time frame, typically within the next five years.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Question 44: Considering the provided statements:
1. MSMEs in India produce 45% of the country’s total manufactured goods and contribute over 50% to total exports.
2. According to the United Nations, MSMEs contribute to half of the global GDP.
3. The United Nations designated 27th June as International MSMEs Day.
How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None of the above
1. MSMEs in India produce 45% of the country’s total manufactured goods and contribute over 50% to total exports.
2. According to the United Nations, MSMEs contribute to half of the global GDP.
3. The United Nations designated 27th June as International MSMEs Day.
How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None of the above
Question 45: Considering the statements provided:
1. India’s Government e-Marketplace (GeM) is indeed the world’s largest one-stop e-procurement portal.
2. The nodal ministry responsible for administering the GeM portal is the Ministry of Commerce and Industry, not the Ministry of Consumer Affairs, Food and Public Distribution.
3. Under the GeM portal, it is mandatory for sellers to mention the ‘Country of Origin’ while registering all new products.
How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None of the above
1. India’s Government e-Marketplace (GeM) is indeed the world’s largest one-stop e-procurement portal.
2. The nodal ministry responsible for administering the GeM portal is the Ministry of Commerce and Industry, not the Ministry of Consumer Affairs, Food and Public Distribution.
3. Under the GeM portal, it is mandatory for sellers to mention the ‘Country of Origin’ while registering all new products.
How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None of the above
Question 46: Regarding the Global Livability Index 2023:
1. The index was released by the UN-Habitat.
2. In the 2023 edition, Sweden’s Gothenburg secured the top rank, being named the most livable city.
3. Bengaluru is the sole Indian city ranked within the top 100.
How many of these statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
1. The index was released by the UN-Habitat.
2. In the 2023 edition, Sweden’s Gothenburg secured the top rank, being named the most livable city.
3. Bengaluru is the sole Indian city ranked within the top 100.
How many of these statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Question 47: Regarding the Special Assistance to States for Capital Investment 2023-24 Scheme:
1. The scheme offers special assistance to state governments in the form of a 50-year interest-free loan during FY 2023-24.
2. The scheme comprises eight parts, with Part-I being the most substantial, allocated Rs. 1 lakh crore.
3. The Department of Expenditure under the Finance Ministry has endorsed this scheme for implementation in all states during the current financial year.
Which statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
1. The scheme offers special assistance to state governments in the form of a 50-year interest-free loan during FY 2023-24.
2. The scheme comprises eight parts, with Part-I being the most substantial, allocated Rs. 1 lakh crore.
3. The Department of Expenditure under the Finance Ministry has endorsed this scheme for implementation in all states during the current financial year.
Which statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Question 48: Regarding the Assisted Reproductive Technology (ART) Regulations Act, 2021:
1. The act mandates that oocyte donors must be ever-married women with at least one living child of their own.
2. The regulation of ART services will be overseen by the National and State Boards established under the Surrogacy Act 2021.
3. An oocyte donor is restricted to donating only once in her lifetime.
How many statements above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
1. The act mandates that oocyte donors must be ever-married women with at least one living child of their own.
2. The regulation of ART services will be overseen by the National and State Boards established under the Surrogacy Act 2021.
3. An oocyte donor is restricted to donating only once in her lifetime.
How many statements above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Question 49: With regard to Corporate Social Responsibility (CSR):
1. The CSR provisions within the Companies Act 2013 apply to companies with an annual turnover of ₹1,000 crore or more.
2. Among the activities included under CSR are efforts to combat Acquired Immune Deficiency Syndrome (AIDS), address malnutrition, and protect heritage sites.
Which of the statements above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
1. The CSR provisions within the Companies Act 2013 apply to companies with an annual turnover of ₹1,000 crore or more.
2. Among the activities included under CSR are efforts to combat Acquired Immune Deficiency Syndrome (AIDS), address malnutrition, and protect heritage sites.
Which of the statements above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Question 50: Consider the following statements regarding terms related to inflation:
1. Deflation occurs when there is a general decrease in the price level of goods and services, not merely a deceleration in the inflation rate.
2. Disinflation refers to a reduction in the rate of inflation, not a general decline in prices associated with a contraction in the money supply and credit.
3. Reflation is the term used when policymakers take measures to stimulate economic activity, such as increasing government spending or reducing interest rates.
How many of the statements above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
1. Deflation occurs when there is a general decrease in the price level of goods and services, not merely a deceleration in the inflation rate.
2. Disinflation refers to a reduction in the rate of inflation, not a general decline in prices associated with a contraction in the money supply and credit.
3. Reflation is the term used when policymakers take measures to stimulate economic activity, such as increasing government spending or reducing interest rates.
How many of the statements above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Written By: Dr. Kumar Ashutosh