Indian Economy and Social Development

Consider the following statements regarding the Wholesale Price Index (WPI) in India:

1. It captures price variations at the bulk sale level prior to reaching retail consumers.
2. It accounts for price changes in both goods and services.
3. It is published by the Office of Economic Adviser in the Ministry of Commerce and Industry.

Which of the statements given above are correct?

Under the Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), what is the maximum financial health coverage provided per eligible family per year for secondary and tertiary care hospitalization?

In the analysis of India's external trade sector and exchange rate dynamics, the Reserve Bank of India compiles indices for the Nominal Effective Exchange Rate (NEER) and the Real Effective Exchange Rate (REER). Which of the following statements accurately describes the economic relationship between the REER index, domestic inflation differentials, and external trade competitiveness?

Match the Reserve Bank of India (RBI) monetary policy mechanisms and liquidity tools in List I with their corresponding operational characteristics in List II:

Consider the following statements regarding the Modified Mixed Reference Period (MMRP) used in poverty estimation in India:

1. Consumer expenditure data for high-frequency consumption items such as edible oil, vegetables, and spices are recorded using a 7-day recall period.
2. Expenditure on low-frequency items such as clothing, footwear, and durable goods is recorded using a 365-day recall period.
3. The Rangarajan Committee (2014) rejected the MMRP methodology and recommended reverting strictly to the 30-day Uniform Reference Period (URP).

Which of the statements given above are correct?

Which of the following financial transactions are correctly classified under the Current Account of India's Balance of Payments (BoP)? Select all correct options.

Consider the following statements regarding the constitutional funds of the Union Government of India:

1. All revenues received by the Government of India, treasury bills issued, and receipts from the recovery of loans form part of the Consolidated Fund of India.
2. Payments and executive disbursements out of the Public Account of India require prior parliamentary appropriation under Article 266(2).
3. The Contingency Fund of India is placed at the disposal of the President of India to enable advances for meeting unforeseen expenditure pending parliamentary authorization.

Which of the statements given above is/are correct?

Consider the following statements regarding the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY):

1. It is a Centrally Sponsored Scheme implemented on a 60:40 fund-sharing pattern between the Central and State Governments.
2. Small and marginal farmers holding cultivable land up to 2 hectares between the entry age of 18 to 40 years are eligible to enroll.
3. The Life Insurance Corporation of India (LIC) serves as the designated Pension Fund Manager for managing the pension fund payouts.

Which of the statements given above are correct?

With reference to the structural accounting of India's Balance of Payments (BoP), consider the following international transactions:

1. Profit repatriated by a multinational enterprise operating in India to its corporate headquarters abroad
2. Unilateral financial grants received by India from a foreign sovereign government for disaster rehabilitation
3. Portfolio investment in equity shares of Indian companies by foreign portfolio investors (FPIs)
4. Inward monetary remittances sent by non-resident Indian workers to their resident families

Which of the transactions listed above are categorized under the Current Account of the Balance of Payments?

Match the WTO agricultural subsidy categories in List-I with their corresponding economic features in List-II.

In the accounting framework of India's Balance of Payments (BoP) maintained by the Reserve Bank of India, consider the following statements regarding transaction classifications:

1. Interest payments made by domestic corporate entities on External Commercial Borrowings (ECBs) are recorded as debit entries under the Primary Income (Investment Income) component of the Current Account.
2. Repayment of the principal debt amount of External Commercial Borrowings (ECBs) to non-resident lenders is recorded as a debit entry under the Capital Account.
3. Personal worker remittances received by resident households from relatives working abroad are recorded as credit entries under the Capital Account.

Which of the statements given above are correct?

With reference to price indices and monetary policy tools in India, consider the following statements:

1. The Wholesale Price Index (WPI) measures price changes strictly for goods and excludes the service sector, whereas the Consumer Price Index (CPI Combined) includes both goods and services.
2. The relative weightage assigned to food items is higher in the Wholesale Price Index (WPI) basket than in the Consumer Price Index (CPI Combined) basket.
3. An increase in the Cash Reserve Ratio (CRR) by the Reserve Bank of India increases the lendable capacity of commercial banks, thereby expanding market liquidity.

Which of the statements given above is/are correct?

In the annual budget estimates of a state government, the following budgetary figures are reported for a given financial year:
- Total Revenue Receipts: $₹ 2,50,000$ crore
- Non-debt Capital Receipts: $₹ 15,000$ crore
- Revenue Expenditure: $��� 3,10,000$ crore
- Capital Expenditure: $₹ 75,000$ crore
- Interest Payments on past public debt: $₹ 45,000$ crore

Based on the provided figures, what is the Primary Deficit of the state government for that financial year (in $₹$ crore)?

Regarding economic inequality metrics and poverty estimation frameworks in India, which of the following statements are correct?

Consider the following statements regarding agricultural price support policies, WTO subsidy classifications, and food security legislation in India:

1. The Commission for Agricultural Costs and Prices (CACP) recommends Minimum Support Prices (MSP) aimed at providing a 50% return over the A2+FL cost formula, whereas the Swaminathan Commission recommended fixing MSP at 50% above the comprehensive cost of production (C2).
2. Under the WTO Agreement on Agriculture, Amber Box subsidies are classified as trade-distorting support measures and are subject to a De Minimis ceiling of 10% of total agricultural production value for developing countries like India.
3. Under the National Food Security Act (NFSA), 2013, households covered under the Antyodaya Anna Yojana (AAY) are entitled to receive 5 kg of foodgrains per person per month at subsidized prices.

Which of the statements given above are correct?

Arrange the following key policy milestones related to India's industrial sector and external trade governance in chronological order from the earliest to the latest:

Under the National Food Security Act (NFSA), 2013 in India, what is the specified monthly entitlement of foodgrains per person for Priority Households at subsidized prices?

Match the types of inflation and price dynamics listed in List-I with their corresponding macroeconomic characteristics listed in List-II. Which of the following pairings correctly aligns each inflation type with its defining mechanism?

With reference to the official methodology of poverty estimation in India, consider the following statements:

1. The C. Rangarajan Committee (2014) proposed poverty lines based on nutritional norms including protein and fat intake in addition to calories, alongside essential non-food expenses.
2. The Suresh Tendulkar Committee (2009) moved away from the uniform calorie anchor and used implicit private expenditure on health and education to determine poverty lines.
3. The National Multidimensional Poverty Index (MPI) published by NITI Aayog relies primarily on the Household Consumer Expenditure Survey conducted by the National Sample Survey Office (NSSO).

Which of the statements given above is/are correct?

Under the monetary policy framework of the Reserve Bank of India, what fundamental operational feature distinguishes the Standing Deposit Facility (SDF) from the traditional Liquidity Adjustment Facility (LAF) Reverse Repo mechanism when absorbing excess system liquidity?