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With reference to the 'National Intellectual Property Rights Policy', consider the following statements:

  1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.
  2. Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.

Which of the above statements is/are correct?

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Important Questions on Indian Economy

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With the reference to 'Quality Council of India ( QCI) ', consider the following statements:

  1. QCI was set up jointly by the Government of India and the Indian Industry.
  2. Chairman of QCI is appointed by the Prime Minister on the recommendations of the industry to the government.

Which of the above statements is are correct?

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What is the purpose of setting up of Small Finance Banks (SFBs) in India?

  1. To supply credit to small business units.
  2. To supply credit to small and marginal farmers.
  3. To encourage young entrepreneurs to set up businesses particularly in rural areas.

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Which of the following is the most likely consequence of implementing the 'Unified Payments Interface (UPI)'?

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Which of the following statements is/ are correct regarding the Monetary Policy Committee (MPC)?

1. It decides the RBl's benchmark interest rates.

2.  It is a 12-member body including the Governor of RBI and is reconstituted every year.

3. It functions under the chairmanship of the Union Finance Minister.

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Which of the following are the objectives of 'National Nutrition Mission'?

  1. To create awareness relating to malnutrition among pregnant women and lactating mothers.
  2. To reduce the incidence of anemia among young children, adolescent girls, and women.
  3. To promote the consumption of millets, coarse cereals, and unpolished rice.
  4. To promote the consumption of poultry eggs.

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Which of the following has/have occurred in India after its liberalization of economic policies in 1991?

  1. The share of agriculture in GDP increased enormously.
  2. Share of India's exports in world trade increased.
  3. FDI inflows increased.
  4. India's foreign exchange reserves increased enormously.

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Consider the following statements:

1. National Payments Corporation of India (NPCI) helps in promoting financial inclusion in the country.

2. NPCI has launched RuPay, a card payment scheme.

Which of the statements given above is/are correct?

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What is/ are the most likely advantages of implementing 'Goods and Services Tax (GST)'?

  1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
  2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves.
  3. It will enormously increase the growth and size of the economy of India and will enable it to overtake China in the near future.

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