UPSC Prelims Marathon 31st March – Revision – 2024

Consider the following statements:
1.GST Council is a constitutional body established by the President under the Article 279A.
2.GST Appellate Tribunals (GSTAT) is a statutory body under the Central GST Act, 2017.
Which of the statements given above is/are correct?

Consider the following statements regarding tax to GDP ratio in India:
1.A decrease in tax to GDP ratio of a country may indicate a slowing economic growth rate.
2.Tax to GDP ratio is about 11.1% in Financial Year 23 which includes Direct Taxes at 6 percent and Indirect taxes at 5.1 percent.
Which of the statements given above is/are correct?

Consider the following statements:
1.The Code on Wages, 2019 provides for universal minimum wage and floor wage across organized and unorganized sectors.
2.The Code on Social Security 2020 seeks to protect gig workers rights by giving them social security protections.
Which of the statements given above is/are correct?

Consider the following statements regarding “Cash Reserve Ratio (CRR)”:
1.It is the share of a bank’s Net Demand and Time Liabilities (NDTL) that is mandated by the Reserve Bank of India (RBI) to be maintained with the latter as reserves in the form of liquid cash.
2.As per the RBI Act 1934, all Scheduled Commercial Banks are required to maintain the CRR.
Which of the statements given above is/are correct?

Which of the following is/are liquidity management tool/s of Reserve Bank of India?
1.Standing Deposit Facility (SDF)
2.Altering Repo and Reverse repo rates
3.Ways and Means Advances (WMA)
How many of the statements given above are correct?

Consider the following statements regarding “Dabba (Box) Trading”:
1.It is informal trading that takes place outside the purview of stock exchanges.
2.It is recognized as an offence under Securities Contracts (Regulation) Act (SCRA), 1956.
Which of the statements given above is/are correct?

Consider the following statements regarding “Investor Services Fund (ISF)”:
1.It aims to provide different kinds of services to the investing public such as investor education and awareness programs.
2.The stock exchange shall set aside at least 50 percent of the listing fees received for ISF for providing services to the investing public.
Which of the statements given above is/are correct?

The “Washington Convention” is associated with which of the following?

Consider the following statements regarding “Special Drawing Right (SDR)”:
1.The IMF created the SDR as a supplementary international reserve asset in 1969.
2.The SDR is not a currency, but its value is based on a basket of five currencies.
Which of the statements given above is/are correct?