APPSC Group-1 2024 Economy Previous Year Questions

In recent times, many leading agencies have reaffirmed high growth for the Indian Economy. Which of the following statement/statements can be the best reason/reasons for India’s projected high growth?
I. Strong Private Final Consumption Expenditure (PFCE)
II. Government’s shift of focus from large capital expenditure towards private investment
III. Increase in domestic air passenger traffic along with a reduction in the volume of Fast-Moving Consumer Goods (FMCG)
IV. Fading of the El Nino oscillation and better Rabi crop prospects

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With regard to the progress of Digital Payments in India, which of the following statement/statements is/are valid?
I. Promotion of Digital Payments has been transferred from the Ministry of Electronics and Information Technology (MeitY) to the Department of Financial Services.
II. e-RUPI is an institution-based voucher management system instead of being person and purpose specific.
III. ‘Hello! UPI’ is an AI voice-enabled payment feature built by a consortium of private sponsored startups recognised by the NPCI.
IV. ‘UPI LITE X’ addresses challenges of remote areas by enabling offline UPI payments.

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Tourism in India has turned out to be a key service sub-sector. Which of the following statements are valid regarding the Tourism sector in India?
I. NIDHI is a technology-driven system meant for providing services to Hospitality and Travel industry.
II. The Government has resolved to make India a one trillion USD tourism economy by 2047 with 100 million international investors.
III. The Hotel Occupancy Rate has been rapidly increasing alongside a consistent rise in the average daily rate and revenue per available room.
IV. India’s Services Purchasing Managers’ Index (PMI) has been in the expanding zone.

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The Interim Union Budget (FY25) has proposed initiatives to boost India’s Green Energy Sector. Which of the following proposals are connected with developing India’s Green Energy?
I. Viability Gap Funding (VGF) for utilizing solar energy projects
II. To set up coal gasification and liquefaction capacity of 100MT by 2030
III. Optional blending of Compressed Bio Gas (CBG) in Compressed Natural Gas (CNG) for transport and Piped Natural Gas (PNG) for domestic purposes
IV. Provision of financial assistance for procurement of biomass aggregation machinery
V. Setting up of a payment security system for expanding the bio-manufacturing system in the country

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Which of the following statement can best be described as having resulted in the recovery of India’s external sector?

Consider the following Assertion (A) and Reason (R) and choose the correct code:
Assertion (A): Tax reforms directed towards a simple tax system will result in positive productivity gains.
Reason (R): They boost GDP growth and employment growth by removing deadweight costs and reduce distortions in resource allocation.

Which of the following statement/statements is/are valid regarding the National Infrastructure Pipeline (NIP)?
I. NIP includes only economic infrastructure projects but not social infrastructure projects.
II. NIP is aimed to focus on key greenfield projects alone. Brownfield projects are excluded from the NIP’s coverage.
III. NIP aims to offer investment opportunities in India’s infrastructure sector, and to attract investments into India.
IV. India Investment Grid (IIG) as a platform has ceased to facilitate the NIP and instead ‘Invest India’ is presently facilitating NIP.

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Consider the following Assertion (A) and Reason (R) and choose the correct code:
Assertion (A): Majority of the reported transactions on e-NAM are intra-mandi instead of inter-mandi and inter-state.
Reason (R): The Agricultural Produce and Livestock Marketing (APLM) Act, 2017 provides for progressive agricultural marketing reforms that include greater focus on intra-mandi transactions.

The strategic objective of Asset Monetization Programme may be explained as:

In connection with SEBI, which of the following statement/statements is/are valid?
I. SEBI exempted regulations for Infrastructure Investment Trusts (InvITs) and Muncipal Bonds in order to facilitate more efficient infrastructure financing through the capital markets.
II. SEBI introduced the framework in which listed large corporates will mandatorily meet 25% of their financing requirements through the issuance of debt securities.
III. SEBI increased the minimum ticket size of corporate bond investment in order to encourage investor responsibility.
IV. SEBI along with the RBI introduced the Retail Direct Scheme.

Consider the following Assertion (A) and Reason (R) and choose the correct code:
Assertion (A): ‘India Stack’ has enabled an online, paperless and cashless digital access to various public and private services. This has reduced the cost of conducting e-KYC.
Reason (R): India Stack consists of two interconnected layers, and of these, the ‘Payment Layer’ has reduced the cost of conducting e-KYC.

Pick the correct sequence out of the following sequences with regard to the present prevailing inflation trends (in percentages) in India:

Which of the following statement/statements is/are valid in connection with inflation?
I. Cost-push inflation cycle of milk is becoming more and more pronounced in India.
II. The Bharat Atta initiative of the Government has played a considerable role in containing wheat inflation in India.
III. Retail Inflation has considerably increased in the beginning of 2024 owing to increasing commodity prices.
IV. The Bharat Dal initiative has also been extended to include moong dal.

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Which of the following statement/statements is/are valid in connection with Enhanced Access and Service Excellence (EASE) Reforms?
I. EASE Reforms are governed by a board of directors, who are heads of premier Financial Institutions in India.
II. EASE Next programme had just one (01) priority – the Common Reforms Agenda.
III. Delivering excellence in customer service with digital enablement is one of the four themes conceptualized as part of EASE 6.0.
IV. EASE Reforms are intended for both Public Sector Banks (PSBs) as well as Public Non-Banking Financial Companies (NBFCs).

Which of the following feature/features is/are correct regarding Stand-Up India Scheme?
I. This scheme covers brownfield enterprises along with greenfield enterprises.
II. Non-Individual enterprises are also eligible to avail the benefit of this scheme provided certain conditions are complied with.
III. For drawal of Working Capital up to ₹10 lakh, the same may be sanctioned by way of Cash Credit Limit.
IV. Besides Primary Security, the loan may be secured by a guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL) as decided by the banks.

Consider the following statements regarding the RBI’s Digital Payments Index (RBI-DPI):
I. The Reserve Bank of India (RBI) has been publishing the RBI-DPI with 2021 as the base year to capture the extent of digitisation of payments across the country.
II. The RBI-DPI consists of 6 broad parameters that have in turn sub-parameters.
III. There has been a constant increase in the RBI-DPI since the time of its inception.
IV. ‘Consumer Centricity’ is one of the parameters in the RBI-DPI.

Which of the above statement/statements is/are valid?

Which of the following statement/statements qualifies/qualify as valid in connection with the banking mechanism in India?
I. Increasing the Cash Reserve Ratio (CRR) will result in increasing credit creation.
II. Cash Reserve Ratio (CRR) applies only to the new deposit base while the Incremental Cash Reserve Ratio (ICRR) specifically targets the new borrower lending base.
III. ‘Tenor Premium’ is an important component in the calculation of the Marginal Cost of Funds based Lending Rate (MCLR).
IV. Marginal Standing Facility (MSF) is used as a long-term policy rate and is generally lower than the Bank Rate.

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In the context of India’s fight against poverty, consider the following statements:
I. Unlike the Global Multidimensional Poverty Index (MPI), the National Multidimensional Poverty Index (MPI) developed by NITI Aayog does not make use of ‘Alkire-Foster’ (AF) methodology.
II. The urban population witnessed a larger decline in poverty as compared to the rural population.
III. Pradhan Mantri Garib Kalyan Package (PMGKP) includes the coverage of food grain entitlements.
IV. The Multidimensional Poverty Index (MPI) is computed by adding the incidence of multidimensional poverty and the intensity of poverty.

Which of the above statement/statements is/are valid?

In connection with the Urban Infrastructure Development Fund (UIDF), which of the following statement/statements is/are valid?
I. The fund will be established through reserved bonds taken from the G-Sec market.
II. The fund is to be exclusively availed by private agencies to create urban infrastructure in Tier 2 and Tier 3 cities.
III. Eligible activities for UIDF shall be connected to the Missions and Programmes of the Ministry of Housing & Urban Affairs (MoHUA).
IV. The fund will be collectively managed by a cluster of Municipal Cooperative Banks.

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With regard to the Startup Ecosystem in India, which of the following statement/statements is/are valid?
I. National Institute of Agricultural Extension Management Centre will not be presiding over the selection process of the applications that are received under Startup Agri-Business Incubation Programme.
II. Mentorship, Advisory, Assistance, Resilience and Growth (MAARG) Portal is an exclusive one-stop platform intended for guiding startups in the emerging Artificial Intelligence (AI) sector only.
III. Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for conducting ‘proof of concept’ trials.
IV. Fund of Funds Scheme (FFS) for Startups is meant to contribute to various Alternative Investment Funds (AIFs) registered with the SEBI.

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Consider the following Assertion (A) and Reason (R) and choose the correct code:
Assertion (A): The National Product measures all goods and services that arise out of economic activity, whereas National Income is the sum of all incomes as a result of the economic activity. These two are synonymous.
Reason (R): The Production of goods and services is the outcome of the use of capital and labour, along with the raw materials, and this automatically generates income.

Which of the following statement/statements is/are valid regarding the prevailing scenarios and issues in connection with the World Trade Organisation (WTO)?
I. The ‘Peace Clause’ under the Bali Agreement reiterates that developing nations must not exceed the 10% ceiling limit for Public Stockholding schemes initiatives.
II. The ‘Green Box’ prohibits the use of direct payments to producers which are not linked to production decisions.
III. The ‘Reduction Commitments’ are expressed in terms of a ‘Total Aggregate Measurement of Support’ which includes all product-specific support and non-product-specific support in one single figure.
IV. Any support that would normally be placed in the ‘Amber Box’, is not to be placed in the ‘Blue Box’ even if the support mandates farmers to limit production.

Consider the following Assertion (A) and Reason (R) and choose the correct code:
Assertion (A): Coal washing results in increased generation efficiency and reduced investment costs. However, the use of washed coal in India is still limited.
Reason (R): The limited establishment of coal washeries may be attributed to the perception that coal washing by increasing the cost of electricity generation, would adversely impact the plants in terms of ‘merit order’ scheduling.

Which of the following statement/statements is/are valid in connection with Sustainable Development Goals (SDGs)?
I. Achieving Goal 10 will require an entire reform of the financial system that promotes equitable pay and decent work for young people.
II. NITI Aayog has developed the National Indicator Framework (NIF) for facilitating monitoring of SDGs in India.
III. ‘Mission LiFE’ aims to influence government and industrial policy to support both sustainable consumption and production.
IV. The concept of global citizenship embedded in Sustainable Development Goal 4 (SDG 4) is a reference term that indicates flexible citizenship rights across countries for the purpose of facilitating better labour markets.

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Which of the following statements are valid regarding Human Development?
I. Two countries with the same level of Gross National Income (GNI) per capita, but ending with different human development outcomes is indicative of the importance of growth over development.
II. A country’s score on the Inequality-Adjusted Human Development Index (IHDI) is not the same as its Human Development Index (HDI) even when there is no inequality among people.
III. In Gender Development Index (GDI), values below 1 indicate higher development for women than men.
IV. Planetary Pressures-adjusted Human Development Index (PHDI) focuses on intergenerational inequality just the same way, as the Inequality-adjusted Human Development Index (IHDI) focuses on intragenerational inequality.
V. According to the Human Development Report 2021-22, a new uncertainty complex is emerging, which comprises of three new concerns — planetary changes, sweeping social transformations and polarized societies.

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Which of the following statements are valid regarding the interventions of the Government of Andhra Pradesh in the context of Healthcare?
I. Telemedicine facility is available in all Ayushman Bharat Health and Wellness Centres (AB-HWCs) to avail specialist services through district hub.
II. The Family Doctor Programme has been planned to be implemented as a standalone project without the need to be integrated with Primary Health Centres (PHCs).
III. Dr. YSR Aarogyasri Scheme has been revamped, by increasing the income limit from ₹ 2.5 lakh to ₹ 5 lakh per annum per family.
IV. ‘Aarogya Aasara’ Scheme is intended to provide post-operative sustenance allowance with certain eligible conditions complied with.

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In connection with transport and infrastructure in Andhra Pradesh, which of the following statement/statements is/are valid?
I. Andhra Pradesh’s first riverine project has been proposed between Muktyala and Madipadu on Krishna river.
II. The Bhogapuram Greenfield International Airport had been started with a corpus fund that is sourced from National Investment and Infrastructure Fund (NIIF).
III. Infrastructure investments in Andhra Pradesh are strictly implemented only with reference to strategic investments like ports and industrial corridors, but not with reference to community assets.
IV. Rail Over Bridges (ROBs) are being developed in Andhra Pradesh under the Setu Bandhan Scheme.

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Which of the following statement/statements is/are INCORRECT regarding the Andhra Pradesh Industrial Policy 2023-27?
I. To achieve a minimum contribution of 25% by industry in the State GDP
II. To provide end-to-end facilitation in 2 weeks
III. To envisage ten (10) priorities of accomplishment
IV. To focus on becoming a ‘Plug and Play State’ for investments
V. Ensuring land allotment by APIIC within a period of 2 weeks upon receipt of application

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Which of the following statements are valid in connection with Andhra Pradesh Green Hydrogen and Green Ammonia Policy (2023)?
I. The objective is to target Green Energy production up to the capacity of 1 MPTA (Million Tonnes Per Annum) or Green Ammonia production up to the capacity of 2.0 MTPA in the next five years.
II. New and Renewable Energy Development Corporation of A.P. Ltd (NREDCAP) shall act as a Nodal Agency under this policy.
III. All the Ports in the State have infrastructure for storing liquid nitrogen which can then be utilized for storing Green Hydrogen for exporting to other countries.
IV. The Policy prohibits the production of Green Hydrogen/Green Ammonia by using Renewable Energy and/or Biomass from ‘Third-Party/Power exchange’.

Which of the following statement/statements is/are valid regarding the socio-economic status of Andhra Pradesh?
I. Andhra Pradesh won the Best State Award of ICAR – National Research Center for Banana (NRCB) for export promotion.
II. Andhra Pradesh GSDP growth rate has been registering a decline in recent times owing to repeated lower returns in certain sub-sectors of the Service Sector.
III. For the FY 2024-25, the Revenue Deficit is budgeted higher than the Fiscal Deficit in terms of percentage of Andhra Pradesh GSDP.
IV. The technology used by the Government of Andhra Pradesh while conducting resurvey of landholdings is referred to as ‘Continuously Operating Reference Stations (CORS)’ technology.

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