1. Economy
1) Consider the following statements regarding co-operative banks in India.
1. In India, co-operative banks are registered under the States Cooperative Societies Act.
2. The customers of a co-operative bank can also be its owners.
3. They do not come under the regulatory ambit of the Reserve Bank of India (RBI).
Which of the above statements is/are correct?
a) 1 only
b) 2, 3
c) 1, 3
d) 1, 2
Solution: d)
Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This
means that the customers of a co-operative bank are also its owners.
In India, co-operative banks are registered under the States Cooperative Societies Act. They also come under the
regulatory ambit of the Reserve Bank of India (RBI) under two laws, namely, the Banking Regulations Act, 1949,
and the Banking Laws (Co-operative Societies) Act, 1955.
They were brought under the RBI’s watch in 1966, a move which brought the problem of dual regulation along
with it.
2) Consider the following statements.
1. India’s electricity demand fell in recent times due to sharp reduction in offtake from the industrialised
states.
2. Electricity is part of the eight core industries.
Which of the above statements is/are correct?
a) 1 only
b) 2 only
c) Both
d) None
Solution: c)
India’s electricity demand fell 13% in October led by a sharp reduction in offtake from the industrialised states like
Gujarat & Maharashtra, which may indicate a deepening economic slowdown.
Eight Core Industries are Electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilizers.
Source
3) Consider the following statements.
1. To ensure uninterrupted supply of onion throughout the year, the crop is grown in three cycles
– Kharif, late kharif and Rabi.
2. kharif and late kharif onion crops contain large moisture content compared to rabi crop.
3. Karnataka is India’s largest onion-growing state.
Which of the above statements is/are correct?
a) 2, 3
b) 1, 3
c) 1, 2
d) 1, 2, 3
Solution: c)
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