cueprepUPSC CSE Prelims Statement Validity — Economics Practice Items Flashcards
Master 45 statement validity — economics practice items concepts for the UPSC CSE Prelims.
Question
Consider the following statements regarding Monetary Policy transmission:
- Under the External Benchmark Lending Rate (EBLR) system, RBI's repo rate changes transmit faster to new loans compared to the Marginal Cost of Funds based Lending Rate (MCLR).
- Banks are allowed to use any internal benchmark for floating rate personal loans.
Which of the statements given above is/are correct?
Question
Complete the following regarding the composition of the Monetary Policy Committee (MPC):
Question
Name one of the major petroleum products that are currently kept fully outside the purview of the Goods and Services Tax (GST) in India.
There are 5 specific petroleum products excluded from GST. You only need to name one.
Question
Which of the following categories of goods generally attracts a 0% GST rate (nil-rated) in India?
Question
Consider the following statements regarding the Finance Commission:
- It recommends the vertical devolution of taxes between the Centre and States.
- It recommends the horizontal distribution of taxes among the individual States.
Which of the statements given above is/are correct?
Question
Consider the following statement: Grants-in-aid to states under Article 275 require annual Parliamentary approval through the voting of demands for grants.
Is this statement correct?
Also study
Ready to study UPSC CSE Prelims?
Spaced repetition helps you remember more with less effort. Start with a free account — no credit card required.