Question 1

What is the object of Vivad se Vishwas-l announced in the budget 2023?

 To provide relief for MSMEs that failed to execute contracts during the Covid period.
 To settle contractual disputes of government wherein the arbitral award is under challenge in a court.
 To settle the GST-related disputes out of the court.
 To settle the Income Tax related disputes out of the court.

Question 2 Which of the following is/are the targets of National Manufacturing Policy?

1. To increase manufacturing share in GDP to 25% by 2022.

2. To create 100 million jobs by 2022.
3. To export goods worth of $900 billion by 2022.
4. To produce 100 crore mobile handsets by 2022.

 Only 1 and 2
 Only 1, 2 and 3
 Only 1 and 3
 Only 3 and 4

Question 3 Wild Geese Flying Model suggests that

 Price fluctuations can lead to fluctuations in supply which cause a cycle of rising and falling prices.
 Network products manufacturing will continuously move from the more advanced countries to the less advanced nations.
 As an economy develops the market forces first increase and then decrease economic inequality.
 None of the above.

Question 4 Indian States Business Reform Action Plan (BRAP) ranking is prepared by _____ Organisation with the help of
World Bank.

 NITI Aayog
 Ministry of Corporate Affairs
 Ministry of Finance
 Department for Promotion of Industry and Internal Trade

Question 5 Find incorrect statement(s) about the Production Linked Incentive Scheme.

1. It provides 15% incentive on incremental sales over base year of goods manufactured in India.
2. Agriculture ministry provides the approval for Food Products related projects in this scheme.
3. Ministry of Transport provides approval for automobiles related projects in this scheme.

 Only 1 and 2
 Only 2 and 3
 Only 1 and 3
 1, 2 and 3

Question 6 What is the meaning of White Goods in economics?

1. Goods on which all the legally required taxes have been paid.
2. Dairy products
3. Domestic Home Appliances

 Only 1 and 2
 Only 3
 Only 1 and 3
 1, 2 and 3
Question 7 Which of the following is/are the index/indices released by World Economic Forum?

1. Global Innovation Index

2. Global Competitiveness Index
3. Gender Gap Index

 Only 1
 Only 3
 Only 2 and 3
 Only 1 and 3

Question 8 Union Government aims to replace the existing labour laws with four codes. Which of the following code is not
among them?

1. Labour Code on MSME industries

2. Labour Code on Social Security & Welfare.
3. Labour Code on Industrial Relations.
4. Labour Code on Occupation Safety Health and Working Conditions.

 Only 1
 Only 3
 Only 2, 3 and 4
 None of the given

Question 9 Which of the following can be patented under the Indian Patents Act?

1. Atomic energy related inventions

2. Utility Patents

 Only 1
 Only 2
 Neither 1 nor 2
 Both 1 and 2

Question 10 The concept of Rent Seeking behavior in economics is related to ____.

 Government hiking the tax rates to finance populist welfare schemes

 Excessive amount of rent charged by landlords
 Politically connected companies Imposing heavy costs on customer
 None of the above

Question 11 Code on Wages mandates that:

1. Minimum wages shall be revised on a quarterly basis.

2. Workers who receive overtime pay shall not be eligible to receive bonus pay.
3. RBI shall decide the minimum wages in the banking industry while IRDAI will decide the minimum wages in the
insurance industry.

 Only 1 and 2
 Only 2
 Only 3
 None of the given

Question 12 Find correct statements about the 'Make in India' initiative?

1. It was launched in the year 2018.

2. Its objective is to foster innovation.
  1 only
 2 only
 Both 1 and 2
 Neither 1 nor 2

Question 13 Find correct statement(s):

1. According to the Indian Patents Act, a biological process to create a seed can be patented in India.
2. In India, there is no Intellectual Property Appellate Board as of 2024.
3. Plant Varieties are not eligible to be patented in India.

 1 and 3 Only
 2 and 3 Only
 3 only
 1, 2 and 3

Question 14 Find correct about 'National Intellectual Intellectual Property Rights Policy'

1. It reiterates India's commitment to the Doha Development Agenda & TRIPS Agreement.
2. Dept of Industrial Policy and Promotion is the nodal agency for regulating IPR in India.

 1 only
 2 only
 Both 1 and 2
 Neither 1 nor 2

Question 15 Atal innovation mission is set up under the ____.

 Department of science of technology

 Ministry of labour and employment
 NITI Ayog
 Ministry of skill development and entrepreneurship

Question 16 INSPIRE is an ongoing initiative of the Government of India for ____.

 attracting talent for science and research

 research advancement through nurturing
 promoting research among various S & T stakeholders
 augmenting quality manpower in niche areas of research

Question 17 The policy of Intellectual Property Rights (IPRs) is the responsibility of ____.

 Ministry of Law and Justice

 Department of Science and Technology
 Department for Promotion of Industry and Internal Trade
 Ministry of Human Resource Development

Question 18 NIDHI is an umbrella scheme for the promotion of ____.

 young and aspiring innovators

 scientific research
 primary health care
 primary education in rural areas.

Question 19 Global Competitiveness Report is published by the ____.

 International Monetary Fund

 UNCTAD
  World Economic Forum
 World Bank

Question 20 Which of the following statements is/are correct regarding the Maternity Benefit (Amendment) Act, 2017?

1. Pregnant women are entitled for 3 months pre-delivery and three months post-delivery paid leave.
2. Enterprises with creches must allow the mother a minimum of six creche visits daily.
3. Women with two children get reduced entitlements.

 1 and 2 only
 2 only
 3 only
 1, 2 and 3

Question 21 Consider the following statements:

Statement-I: India accounts for 3.2% of global exports of goods.

Statement-II: Many local companies and some foreign companies operating in India have taken advantage of India’s ‘Production-
linked Incentive’ scheme.

Which one of the following is correct in respect of the above statements?

 Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
 Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
 Statement-I is correct but Statement-II is incorrect
 Statement-I is incorrect but Statement-II is correct

Question 22 As per the provisions of the Maternity Benefit Act, the maximum period for which a female employee shall be
entitled to leave with wages as maternity benefit for giving birth to the third child is:

 Eight weeks
 Twelve weeks
 Sixteen weeks
 Twenty-six weeks

Question 23 The First Indian Factories Act, passed in 1881, dealt primarily with ____.

 Women labour
 Living conditions of factory workers
 Child labour
 Textile workers

Question 24 Which of the following statements about a 'unicorn' is/are correct?

1. In the venture capital industry, the term 'unicorn' refers to any startup that reaches the valuation of $10 billion.
2. Only a privately held startup can be a unicorn.

 1 only
 2 only
 Both 1 and 2
 Neither 1 nor 2

Question 25 According to Staple Thesis, a country witnesses the economic growth in proportion to its ____.

 proportion of workers in the 15 to 59 age group

 abundance of natural resources
 geographical proximity to rich nations
  all of the above

Question 26 Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991.

Reason (R): The Govt. of India has resorted to devaluation.

 Both A and R are true and R is the correct explanation of A

 Both A and R are true but R is not a correct explanation of A
 A is true but R is false
 A is false but R is true

Question 27 How many of the following features are correct about PLI 2.0 launched in 2023?

1. It is launched by the commerce ministry.

2. It aims to encourage the manufacturing of IT hardware in India.
3. 4% incentive is given to the industrialist on incremental sales.
4. Industrialist continuous to receive the benefits for 6 years from registration.

 only one of these

 only two of these
 only three of these
 All four of these

Question 28 Under the Copyright Act, a computer Programme is treated as a ____.

 Literary work
 Artistic work
 Dramatic work
 Scientific work

Question 29 How many of the following are Copyrightable items?

1. Sculpture
2. Technical Drawings
3. Maps
4. Dance
5. Pamphlets

 only two of these

 only three of these
 only four of these
 all five of these

Question 30 How many of the following may be patentable items?

1. Discovery
2. Invention
3. Evergreening

 only one of these

 only two of these
 All three of these
 None of these