Q1. The National Statistical Systems Training Academy (NSSTA) functions under which ministry?
A) Ministry of Finance
B) Ministry of Statistics & Programme Implementation
C) Ministry of Commerce & Industry
D) NITI Aayog
✅ Answer: B) Ministry of Statistics & Programme Implementation
Explanation:
NSSTA operates under MoSPI and focuses on training & capacity building in official statistics and survey methodologies.
Q2. The primary purpose of NITI Aayog’s Trade Watch Quarterly is:
A) Monitoring monetary policy
B) Assessing fiscal deficits
C) Analysing export-import dynamics
D) Regulating stock markets
✅ Answer: C) Analysing export-import dynamics
Explanation:
Trade Watch Quarterly is an economic surveillance tool tracking trade patterns, sectoral competitiveness, and policy signals.
Q3. The revision of the Consumer Price Index (CPI) base year to 2024 = 100 primarily aims to:
A) Reduce inflation
B) Increase tax revenue
C) Reflect changing consumption patterns
D) Control food prices
✅ Answer: C) Reflect changing consumption patterns
Explanation:
Base year revisions update weights based on current expenditure patterns, improving inflation measurement accuracy.
Q4. Continued growth in digital payments, as reported by RBI, is most directly associated with:
A) Contractionary monetary policy
B) Financial deepening
C) Trade protectionism
D) Capital account deficit
✅ Answer: B) Financial deepening
Explanation:
Digital payments enhance financial inclusion, transaction efficiency, and integration into the formal financial system.
Q5. The presentation of Uttar Pradesh’s first-ever Economic Survey mainly signifies:
A) Constitutional amendment
B) State-level macroeconomic diagnostics
C) Centralised budgeting
D) Monetary tightening
✅ Answer: B) State-level macroeconomic diagnostics
Explanation:
Economic Surveys provide analytical insights into growth, sectoral performance, and policy direction.
Q6. VOC Port receiving the IGBC Platinum Rating is primarily linked with:
A) Military modernisation
B) Sustainable infrastructure practices
C) Maritime security
D) Export competitiveness
✅ Answer: B) Sustainable infrastructure practices
Explanation:
IGBC ratings assess green building standards, energy efficiency, and sustainability compliance.
Q7. India’s ranking as 2nd in sheep population highlights which economic dimension?
A) Industrial growth
B) Livestock economy
C) Mineral economy
D) Blue economy
✅ Answer: B) Livestock economy
Explanation:
Sheep population relates to rural livelihoods, wool production, and animal husbandry economics.
Q8. Bharat-VISTAAR is best described as: