MOCK • AI PracticeMedium

AI Generated: Economy (medium) Mock Test

This AI Generated: Economy (medium) mock test follows the AI Practice pattern across 5 questions. You get 5 minutes for 5 marks, with no negative marking, in a timed interface that matches the real exam. Every question comes with a worked solution, and your result breaks the score down topic by topic so you can see where the marks were lost.

Duration

5 mins

Questions

5 MCQs

Total Marks

5 pts

Negative

0 per wrong

Topics Covered in This Paper

Economy
5 Qs100%

Sample Questions

Q1.Which of the following components are included in the calculation of India's Foreign Exchange Reserves by the Reserve Bank of India?
  • AForeign Currency Assets, Gold, Special Drawing Rights, and Reserve Tranche Position in the IMF
  • BForeign Currency Assets, Treasury Bills of all countries, Gold, and Foreign Institutional Investments
  • CGold, Special Drawing Rights, Foreign Currency Assets, and External Commercial Borrowings
  • DReserve Tranche Position, Foreign Currency Assets, Gold, and Government Securities held by foreign entities
Q2.What is the primary objective of introducing Prompt Corrective Action (PCA) framework by the Reserve Bank of India for commercial banks?
  • ATo enable weak banks to merge smoothly with foreign banking institutions
  • BTo monitor key parameters such as capital, asset quality, and profitability to check financial deterioration
  • CTo restrict the lending operations of all scheduled commercial banks to the agricultural sector only
  • DTo manage the foreign exchange rate fluctuations caused by sudden capital outflows
Q3.Consider the term 'Base Erosion and Profit Shifting' (BEPS), which is frequently seen in economic news. What does it primarily refer to?
  • AA practice where multinational enterprises exploit tax rules to artificially shift profits to low-tax jurisdictions
  • BThe degradation of agricultural land leading to reduced productivity and lower rural corporate earnings
  • CThe reduction of domestic currency value due to excessive money printing by central banks
  • DThe strategic movement of manufacturing units from urban areas to Special Economic Zones for subsidies

Before you begin

6 quick notes

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Each correct answer carries +1 marks.

Each wrong answer carries -0 marks.

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Disclaimer: The questions provided here are extracted and digitized from previous year papers using automated processes. They may contain typographical errors, formatting issues, or minor variations from the actual examination paper. While we have done our best to verify the accuracy of the official answer keys, discrepancies may occasionally exist. Please refer to the official commission website for the most authentic paper.

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FAQ

Frequently asked questions

Frequently Asked Questions

How many questions are in the AI Generated: Economy (medium) mock test?
This paper has 5 multiple-choice questions carrying 5 marks in total, to be attempted in 5 minutes.
Is the AI Generated: Economy (medium) mock test free to attempt?
Your first test on AI Test Planet is free, whichever paper it is. After that each paper uses one test credit — ₹10 a test, ₹5 for the first one you buy. You see your score and the correct answers immediately after submitting.
Does this paper have negative marking?
No, there is no negative marking on this paper, so an attempted guess costs you nothing.
Are solutions and explanations available?
Yes. After you submit, every question shows the correct answer with a step-by-step explanation, along with a topic-wise breakdown of your performance.