Economics Miscellaneous (Part – III)

Total Questions: 50

21. Who is the Chairperson of the Competition Commission of India? [U.P.U.D.A/L.D.A. (Spl.) (Pre) 2010]

a) Ashok Chawla
b) Mohan Dharia
(c) Pankaj Oswal
(d) None of the above

Correct Answer: (d) None of the above

Solution:In the question period, Dr. Ashok Chawla was the Chairman of Competition Commission of India (CCI). In May 2023, the Government appointed Mrs. Ravneet Kaur as the new Chair- person of CCI.

22. Who has been appointed as the Chairman of the 7th Central Pay Commission constituted by the Government of India in February, 2014? [B.P.S.C. (Pre) 2015]

(a) Justice B.K. Singh
(b) Justice Swatantra Kumar
(c) Justice Ashok Kumar Mathur
(d) Justice Mridula Singh

Correct Answer: (c) Justice Ashok Kumar Mathur

Solution:Justice Ashok Kumar Mathur was appointed as the Chair- man of the 7th Central Pay Commission constituted by the Government of India in February, 2014.

23. Which one of the following deals with the marketing of milk? [U.P.P.C.S. (Mains) 2009]

(a) CACP
(b) GCMMF
(c) NAFED
(d) TRIFED

Correct Answer: (b) GCMMF

Solution:Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) (Founded in 1946) deals with the marketing of milk. Its AMUL product is famous. In 1965 the National Dairy Development Board was set up with the basic objective of replicating the AMUL Model. Dr. Verghese Kurien was chosen to head the institution as its Chairman.

24. Which State Government has signed a pact with Airport Authority of India (AAI) to develop villages in Kamrup? [B.P.S.C. (Pre) 2017]

Correct Answer: (d) Assam

Solution:The Airport Authority of India (AAI) signed a MoU with Assam Government under its Corporate Social Responsibilities (CSR) initiatives for sustainable development of human settlements at villages in Kamrup district.

25. Who among the following is the President of the FICCI? [I.A.S. (Pre) 2005]

(a) Sunil Mittal
(b) Brijmohan Lal Munjal
(c) Onkar S. Kunwar
(d) Vivek Burman

Correct Answer: (c) Onkar S. Kunwar

Solution:Onkar S. Kanwar, Managing Director and Chairman of Apollo Tyres was appointed as the President of Federation of Indian Chambers of Commerce & Industry (FICCI) for 2004-05. Dr. Anish Shah, Group CEO of Mahindra Group and Managing Director, M & M has taken over as FICCI President for 2023-24 in December, 2023. Established in 1927, FICCI is the largest and oldest apex business organization in India.

26. Who among the following was Secretary, Economic Affairs, Government of India and then became Governor, Reserve Bank of India in September 2008? [M.P.P.C.S. (Pre) 2008]

(a) Y.V. Reddy
(b) D. Rangarajan
(c) T.K. Nair
(d) D. Subbarao

Correct Answer: (d) D. Subbarao

Solution:Dr. Duvvuri (D.) Subbarao was appointed the 22nd Governor of Reserve Bank of India from 5 September, 2008. Prior to this appointment, Dr. Subbarao was the Finance Secretary in the Ministry of Finance, Government of India. In the present time, Shaktikanta Das is the Governor of RBI (from 12 December, 2018).

27. The newly appointed Managing Director of L.M.F. is: [U.P.P.C.S. (Pre) 2019]

(a) Kristalina Georgieva
(b) Christine Lagarde
(c) Raghuram Rajan
(d) Surjit Bhalla

Correct Answer: (a) Kristalina Georgieva

Solution:The current Managing Director (MD) and Chairwoman of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since October 1, 2019. She was the Chief Executive of the World Bank Group from 2017 to 2019 and Terved as Acting President of the World Bank Group from February, 2019 to 8 April, 2019 following the resignation of Jim Yong Kim. She previously served as Vice-President of the European Commission under Jean-Claude Juncker from 2014 to 2016,

28. Who among the following served as the Chief Economist of the International Monetary Fund? [I.A.S. (Pre) 2007]

(a) Ashok Lahiri
(b) Sumantra Ghoshal
(c) Saumitra Chaudhari
(d) Raghuram Rajan

Correct Answer: (d) Raghuram Rajan

Solution:From 1 October, 2003 to 29 December, 2006, Dr. Raghuram Gi Rajan was the Chief Economist and Director of Research at the International Monetary Fund (IMF). Dr. Rajan's research interests are in Banking, Corporate finance and Economic Development, especially the role finance plays in it. Gita Gopinath was appointed as Chief Economist of IMF in October, 2018. Prior to her appointment at the IMF, Gopinath served as the economic adviser to the Chief Minister of Kerala, India. In December 2021, IMF Managing Director Kristalina Georgieva appointed her the First Deputy Managing Director of the IMF (She assumed office on 21 January, 2022), which is the organization's number 2 position.

29. Which one of the following pairs is not correctly matched? [U.P.P.C.S. (Pre) 2008]

Pair	Position
(a) T.S. Krishnamurthy	Ex. Chief Election Commissioner of India
(b) K.C. Pant	Chairman, 10th Finance Commission of India
(c) A.M. Khusro	Ex-Chairman, Union Public Service Commission
(d) R.C. Lahoti	Ex-Chief Justice of India

Correct Answer: (c)

Solution:A.M. Khusro was the Chairman of 11th Finance Commission constituted in 1998. He never became a Chairman of Union Public Service Commission. Pairs of other options are correctly matched.

30. Match List-I with List-II and select the correct answer from the code given below the lists. [U.P. P.C.S. (Pre) 2022, U.P.P.C.S. (Mains) 2003]

List-I (Person)	List-II (Concerned with)
A. M.S. Swaminathan	1. Social Control on Banks
B. L.K. Jha	2. Milk Production
C. Verghese Kurien	3. Green Revolution
D. Morarji Desai	4. Economic Administration Reforms

Codes:

Code	A	B	C	D
(a)	2	3	4	1
(b)	1	2	4	3
(c)	4	1	3	2
(d)	3	4	2	1

Correct Answer: (d)

Solution:The correctly matched lists are as follows:

Person	Concern
M.S. Swaminathan	Green Revolution
L.K. Jha	Economic Administration Reforms
Verghese Kurien	Milk Production
Morarji Desai	Social Control on Banks

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