Under theme: Indian Economy
53 PYQs. Learn elimination tricks first, then attempt the questions below.
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Every PYQ in this subtopic — exam mode with autosave, negative marking, and explanations after you submit.
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Common distractors and how to eliminate wrong options in this subtopic.
Always check for recent policy changes, especially tax reforms, as UPSC frequently tests updated regulations.
Avoid absolute statements like 'no minimum requirement'; they are often false in regulatory contexts.
What does venture capital mean?
Venture capital is financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. Venture capital generally comes from well-off investors, investment banks, and other financial institutions.
106 min · −33% negative · explanations after submit
Which of the following grants/ grant direct credit assistance to rural households?
1. Regional Rural Banks
2. National Bank for Agriculture and Rural Development
3. Land Development Banks
Select the correct answer using the codes given below:
1. Regional Rural Banks (RRBs): RRBs are established to provide credit and banking facilities to rural areas, especially to small and marginal farmers, agricultural laborers, and rural artisans. They grant direct credit assistance to rural households. 2. National Bank for Agriculture and Rural Development (NABARD): NABARD primarily provides refinance facilities to banks and financial institutions for lending to rural sectors. It does not directly lend to rural households, except in very limited cases through pilot schemes. 3. Land Development Banks (LDBs): LDBs provide long-term credit to farmers for land development and agricultural improvements. They grant direct loans to rural households.
106 min · −33% negative · explanations after submit
In the context of Indian economy, Open Market Operations’ refers to:
In India, Open Market Operations involve the Reserve Bank of India buying or selling government securities to regulate liquidity and interest rates. When the RBI buys securities, it injects money into the market, lowering interest rates and stimulating the economy. Conversely, selling securities absorbs money from the market, raising interest rates, and managing inflation. OMOs are a vital tool for the RBI to achieve monetary policy goals and foster economic growth.