1. A Cess is a tax on tax earmarked for a specific purpose, whereas a standard tax enters the Consolidated Fund of India for general utilization.
2. Under Article 270 of the Constitution, proceeds from Cesses and Surcharges are part of the divisible pool and must be shared with State Governments.
3. Tobacco products in India are a unique category that attracts both the Goods and Services Tax (GST) and Central Excise Duty.

Which of the statements given above is/are correct?

1. The issuance of Masala Bonds is strictly restricted to government statutory bodies and Public Sector Undertakings (PSUs) to fund public infrastructure projects.
2. A mandatory prerequisite for subscription is that the investor must be from a country whose securities market regulator is a signatory to the International Organization of Securities Commissions (IOSCO).

Which of the statements given above is/are correct?

1. The Nominal Effective Exchange Rate (NEER) tracks the currency's external value against a basket of currencies but ignores inflation differentials.
2. A Real Effective Exchange Rate (REER) greater than 100 implies that the currency is undervalued, which makes domestic goods cheaper for foreign buyers.
3. High domestic inflation relative to global trading partners typically leads to an appreciation in the REER.

Which of the statements given above is/are correct?

1. It serves as the primary metric used by the Reserve Bank of India (RBI) for inflation targeting.
2. The index is compiled and released by the Office of the Economic Adviser under the Ministry of Commerce and Industry.
3. It is used as a tool to regulate the dearness allowance (DA) and wages.

Which of the statements given above are correct?

1. Saudi Arabia
2. Russia
3. Iraq
4. USA

Select the correct answer using the code given below:

I. An ETF is a basket of securities that can contain various types of investments such as stocks, commodities, or bonds.
II. ETFs trade on an exchange similar to how individual stocks are traded.

III.  Gold ETFs can be held in dematerialised form.

Which of the statements given above are correct?

1. Any equity investment by a non-resident entity which is less than 10% of the post-issue paid-up equity capital is classified as FDI.
2. The Consolidated FDI Policy is issued by the Department for Promotion of Industry and Internal Trade (DPIIT).
3. 'Greenfield Investment' refers to Foreign Direct Investment involving the acquisition or merger with an existing facility in the host country.

How many of the statements given above are correct?

1. The Balance of Trade includes the value of both goods and services exchanged between a country and the rest of the world.
2. A deficit in the Balance of Trade necessarily implies a deficit in the Current Account of the Balance of Payments.

Which of the statements given above is/are correct?

1. It is the lightest solid element under standard conditions and possesses a high electrochemical potential.
2. Due to its high reactivity, it is naturally found in its pure metallic form within pegmatite belts.
3. It serves a critical function in carbon dioxide absorption systems in confined environments like spacecraft.

Which of the statements given above is/are correct?

1. Real Effective Exchange Rate (REER) is the Nominal Effective Exchange Rate (NEER) adjusted for inflation differentials between trading partners.
2. An REER value exceeding 100 indicates that the currency is undervalued and exports are highly competitive.
3. REER is considered a better indicator of trade competitiveness than NEER.

Which of the statements given above is/are correct?

1. A weaker currency generally reduces the burden of servicing External Commercial Borrowings (ECBs).
2. A rise in import costs due to depreciation can worsen the Current Account Deficit (CAD).

Which of the statements given above is/are correct?

1. Net FDI is calculated by subtracting repatriation of profits and Outward Direct Investment (ODI) from Gross FDI inflows.
2. Investment in a listed Indian company is classified as FDI only if it constitutes less than 10% of the paid-up equity capital.

Which of the statements given above is/are correct?

1. The scheme aims to establish a complete domestic value chain, converting rare earth oxides to finished magnets.
2. Samarium Cobalt (SmCo) magnets are identified under the scheme as the strongest commercially available permanent magnets.

Which of the statements given above is/are correct?

1. It is a Centrally Sponsored Scheme where the financial burden is shared between the Union and State Governments.
2. The scheme is implemented for a period aligning with the next Finance Commission cycle (FY 2025-26 to FY 2030-31).

Which of the statements given above is/are correct?

1. The vision of 'MAHASAGAR' aims to expand engagement beyond the IOR to include Africa, ASEAN, and Pacific Island nations.
2. As part of capacity-building initiatives, India gifted the missile corvette INS Kirpan to the Sri Lankan Navy.

Which of the statements given above is/are correct?

1. The total monthly stipend is ₹5,000, which is fully funded by the Central Government via Direct Benefit Transfer.
2. Interns are provided a one-time incidental grant of ₹6,000 upon enrolment.

Which of the statements given above is/are correct?

I. They were established based on the recommendations of the Dantwala Committee.
II. The State Government holds the smallest equity share among the three stakeholders.

III. They are regulated by NABARD under the Regional Rural Banks Act, 1976.

Which of the statements given above is/are correct?

I. It is mandatory for all Central Government employees, including the Armed Forces.
II. Overseas Citizens of India (OCI) are eligible to join the scheme.

III. The lump sum withdrawal of 60% at maturity is completely exempt from income tax.

Which of the statements given above is/are correct?

1. The eight core industries collectively account for more than 40% of the weight in the Index of Industrial Production (IIP).
2. Cement, steel, fertilisers, coal, and natural gas together make up over 50% of the weight in the Index of Eight Core Industries (ICI).
3. The Index of Eight Core Industries (ICI) is compiled and released by the Central Statistical Organisation (CSO).

Which of the statements given above is/are correct?

1. AT1 bonds are perpetual instruments and form part of a bank’s Tier-1 Capital under the Basel III framework.
2. Interest payments on AT1 bonds are mandatory, and non-payment is treated as a default by the issuer.
3. AT1 bonds can be written down or converted into equity if the issuing institution’s capital falls below prescribed regulatory thresholds.

Which of the statements given above is/are correct?

1. Critical minerals are essential for strategic sectors such as defense, renewable energy, and high-tech industries.
2. India is completely self-sufficient in all critical minerals and does not depend on imports.
3. The National Critical Mineral Mission (NCMM) aims to secure critical minerals across the entire value chain, including exploration, processing, and recycling.

Which of the statements given above is/are correct?

1. It is an economic system aimed at eliminating waste and the continual use of resources.
2. The model relies primarily on the "take-make-dispose" approach to maximize industrial output.

Which of the statements given above is/are correct?

1. The MPC is a statutory body constituted under the Reserve Bank of India Act, 1934.
2. The RBI Governor holds a veto power to override the majority decision of the committee in case of a disagreement.

Which of the statements given above is/are correct?

1. The government is considering a shift in incentive metrics to link payouts to Domestic Value Addition (DVA) and incremental exports rather than solely on sales.
2. The proposed reforms aim to integrate MSMEs into the Global Value Chain (GVC) by providing special incentives for them to operate as component manufacturers.

Which of the statements given above is/are correct?