[{"explanation": "<p>Monetary policy consists of management of&nbsp;money supply&nbsp;and interest rates, aimed at achieving macroeconomic objectives such as controlling&nbsp;inflation, consumption, growth, and&nbsp;liquidity. These are achieved by actions such as modifying the interest rate, buying or selling&nbsp;government bonds, regulating&nbsp;foreign exchange rates, and changing the amount of money banks are required to maintain as reserves. However, Public Debt and Public Revenue are not part of Monetary Policy.</p>", "question": "<p>With reference to Indian economy, consider the following:</p>\n<ol>\n<li>Bank rate&nbsp;</li>\n<li>Open market operations&nbsp;</li>\n<li>Public debt&nbsp;</li>\n<li>Public revenue&nbsp;</li>\n</ol>\n<p>Which of the above is/are component/ components of Monetary Policy?&nbsp;</p>", "options": [{"option_id": "5edfd63d7737d44455e25f24", "is_correct_answer": false, "title": "<p>1 only&nbsp;</p>"}, {"option_id": "5edfd63d7737d44455e25f25", "is_correct_answer": false, "title": "<p>2, 3 and 4&nbsp;</p>"}, {"option_id": "5edfd63d7737d44455e25f26", "is_correct_answer": true, "title": "<p>1 and 2&nbsp;</p>"}, {"option_id": "5edfd63d7737d44455e25f27", "is_correct_answer": false, "title": "<p>1, 3 and 4&nbsp;</p>"}], "question_id": "5edfd63d7737d44455e25f23"}, {"explanation": "<p>Global Economic Prospects Report is published by World Bank. As per 2020 Report, COVID-19 has delivered an enormous global shock, leading to steep recessions in many countries. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020&mdash;the deepest global recession in decades. Per capita incomes in most emerging and developing economies will shrink this year. The pandemic highlights the urgent need for policy action to cushion its consequences, protect vulnerable populations, and improve countries&rsquo; capacity to cope with similar future events. It is also critical to address the challenges posed by informality and limited safety nets and undertake reforms that enable strong and sustainable growth.</p>", "question": "Global Economic Prospects Report of 2020 has been published by?", "options": [{"option_id": "5edfd6787737d44ea78969cc", "is_correct_answer": false, "title": "<p>IMF</p>"}, {"option_id": "5edfd6787737d44ea78969cd", "is_correct_answer": false, "title": "<p>WTO</p>"}, {"option_id": "5edfd6787737d44ea78969ce", "is_correct_answer": false, "title": "<p>UNCTAD</p>"}, {"option_id": "5edfd6787737d44ea78969cf", "is_correct_answer": true, "title": "<p>World Bank</p>"}], "question_id": "5edfd6787737d44ea78969cb"}, {"explanation": "<p><strong>Article 239 &ndash; (1) - </strong>Save as otherwise provided by Parliament by law, every Union territory shall be administered by the President acting, to such extent as he thinks fit, through an administrator to be appointed by him with such designation as he may specify.</p>\n<p><strong>Article 239 &ndash; (2) - </strong>Notwithstanding anything contained in Part VI, the President may appoint the Governor of a State as the administrator of an adjoining Union territory, and where a Governor is so appointed, he shall exercise his functions as such administrator independently of his Council of Ministers.&nbsp;&nbsp;</p>", "question": "<p>Consider the following statements:</p>\n<ol>\n<li>Administrator of a Union Territory shall be appointed by the President of India.</li>\n<li>President may appoint the Governor of a State as the administrator of an adjoining Union territory.</li>\n</ol>\n<p>Which of the statements given above is/are correct?</p>", "options": [{"option_id": "5edfd6ab7737d44455e25f2b", "is_correct_answer": false, "title": "<p>1 only</p>"}, {"option_id": "5edfd6ab7737d44455e25f2c", "is_correct_answer": false, "title": "<p>2 only</p>"}, {"option_id": "5edfd6ab7737d44455e25f2d", "is_correct_answer": true, "title": "<p>Both 1 and 2</p>"}, {"option_id": "5edfd6ab7737d44455e25f2e", "is_correct_answer": false, "title": "<p>Neither 1 nor 2</p>"}], "question_id": "5edfd6ab7737d44455e25f2a"}, {"explanation": "<p>Terms of Reference and the matters that shall be taken into consideration by the Fifteenth Finance Commission in making the recommendations are as under: (i) The distribution between the Union and the States of the net proceeds of taxes which are to be, or may be, divided between them under Chapter I, Part XII of the Constitution and the allocation between the States of the respective shares of such proceeds; (ii) The principles which should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India and the sums to be paid to the States by way of grants-in-aid of their revenues under Article 275 of the Constitution for purposes other than those specified in the provisos to clause (1) of that article; and (iii) The measures needed to augment the Consolidated Fund of a State to supplement the resources of the Panchayats and Municipalities in the State on the basis of the recommendations made by the Finance Commission of the State. 2. The Commission shall review the current status of the finance, deficit, debt levels, cash balances and fiscal discipline efforts of the Union and the States, and recommend a fiscal consolidation roadmap for sound fiscal management, taking into account the responsibility of the Central Government and State Governments to adhere to appropriate levels of general and consolidated government debt and deficit levels, while fostering higher inclusive growth in the country, guided by the principles of equity, efficiency and transparency. The Commission may also examine whether revenue deficit grants be provided at all.</p>", "question": "<p>Which of the following are parts of Terms of Reference of 15^th Finance Commission of India?</p>\n<ol>\n<li>The distribution between the Union and the States of the net proceeds of taxes.</li>\n<li>The principles governing the grants-in-aid of the revenues of the States out of the Consolidated Fund of India.</li>\n<li>Sums to be paid to the States by way of grants-in-aid of their revenues under Article 275 of the Constitution.</li>\n<li>Augment Consolidated Fund of State to supplement the resources of Panchayats and Municipalities on the basis of the recommendations made by State Finance Commission.</li>\n</ol>\n<p>Select the correct answer using the code give below:</p>", "options": [{"option_id": "5edfd6e07737d44455e25f31", "is_correct_answer": false, "title": "<p>1, 3 and 4 only</p>"}, {"option_id": "5edfd6e07737d44455e25f32", "is_correct_answer": false, "title": "<p>2, 3 and 4 only</p>"}, {"option_id": "5edfd6e07737d44455e25f33", "is_correct_answer": false, "title": "<p>1, 2 and 3 only</p>"}, {"option_id": "5edfd6e07737d44455e25f34", "is_correct_answer": true, "title": "<p>1, 2, 3 and 4</p>"}], "question_id": "5edfd6e07737d44455e25f30"}, {"explanation": "<p>Open Market Operations refers to outright sale/purchase of government securities by Reserve Bank of India.</p>", "question": "In the context of Indian economy, 'Open Market Operations' refers to&nbsp;", "options": [{"option_id": "5edfd7057737d44455e25f38", "is_correct_answer": false, "title": "<p>borrowing by scheduled banks from the RBI&nbsp;</p>"}, {"option_id": "5edfd7057737d44455e25f39", "is_correct_answer": false, "title": "lending by commercial banks to industry and trade&nbsp;"}, {"option_id": "5edfd7057737d44455e25f3a", "is_correct_answer": true, "title": "<p>purchase and sale of government securities by the RBI&nbsp;</p>"}, {"option_id": "5edfd7057737d44455e25f3b", "is_correct_answer": false, "title": "<p>None of the above&nbsp;</p>"}], "question_id": "5edfd7057737d44455e25f37"}]

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