When two or more persons working jointly on the basis of a common plan of action, then it is called:

• Co-operation
• Collaboration
• Co-ordination
• Consulting
Solution
Correct Option: B  [ Collaboration ]

Explanation:

The World Trade Organisation has replaced which organisation ?

• ITO
• UNCTAD
• GATT
• OECD
Solution
Correct Option: C  [ GATT ]

Explanation:

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

• RBI
• SIDBI
• ICICI
• NABARD
Solution
Correct Option: B  [ SIDBI ]

Explanation:

The Iron and Steel plants of Rourkela and Durgapur were conceived under the:

• First Five Year Plan
• Second Five Year Plan
• Third Five Year Plan
• Fourth Five Year Plan
Solution
Correct Option: B  [ Second Five Year Plan ]

Explanation:

The basic regulatory authority for mutual funds and stock markets lies with the:

• Stock exchanges
• Government of India
• Reserve Bank of India
• Securities and Exchange Board of India.
Solution
Correct Option: D  [ Securities and Exchange Board of India. ]

Explanation:

"SEBI" stands for the:

• State Earnings Board of India
• Securities and Exchange Bank of India
• Securities and Exchange Board of India
• State Exchange Bank of India
Solution
Correct Option: C  [ Securities and Exchange Board of India ]

Explanation: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992

Which of the following is a primary sector of economic activities in India ?

• Food processing
• Telecom services
• Manufacturing industry
• Agriculture
Solution
Correct Option: D  [ Agriculture ]

Explanation:

Match the following :

	List-I		List-II
a.	Monetary Policy Committee	1.	Union Home Minister
b.	GST Council	2.	Union Finance Minister
c.	NITI Aayog	3.	RBI Governor
d.	Cabinet Committee on Parliamentary Affairs	4.	Prime Minister of India

Select the correct answer using the codes given below.

• a-2, b-3, c-4, d-1
• a-3, b-2, c-4, d-1
• a-3, b-2, c-1, d-4
• a-2, b-3, c-1, d-4
Solution
Correct Option: B  [ a-3, b-2, c-4, d-1 ]

Explanation:

Existence of huge black money creates

• increase in the inequality of income
• decrease in the quality of output
• high living standard for all
• Both (B) and (C)
Solution
Correct Option: A  [ increase in the inequality of income ]

Explanation:

The Gandhian economy is based on the principle of:

• Competition
• Trusteeship
• State Control
• None of the above
Solution
Correct Option: B  [ Trusteeship ]

Explanation: