HPAS 2025 Prelims Question Paper – Q11
Arrange the following states with share of women-led MSMEs during 2024 from highest to lowest:
(1) Tamil Nadu
(2) West Bengal
(3) Telangana
(4) Karnataka
Choose the correct answer from the options given below:
(A) (1), (2), (3), (4)
(B) (2), (1), (3), (4)
(C) (4), (3), (2), (1)
(D) (2), (4), (1), (3)
Show Answer and Solution
Answer: No correct option provided.
(The correct order is (1) Tamil Nadu, (3) Telangana, (4) Karnataka, (2) West Bengal).
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HPAS 2025 Prelims Question Paper – Q12
Arrange the following schemes of Government of India from newest to oldest:
(1) Pradhan Mantri Sahaj Bijli Har Ghar Yojana
(2) Mangrove Initiative for Shoreline Habitats and Tangible Incomes
(3) Atal Bhujal Yojana
(4) Stand-up India Yojana
Choose the correct answer from the options given below:
(A) (1), (2), (3), (4)
(B) (2), (3), (1), (4)
(C) (4), (3), (2), (1)
(D) (2), (4), (1), (3)
Show Answer and Solution
Answer: B
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HPAS 2025 Prelims Question Paper – Q18
Arrange the following by the year they became operational in India’s financial sector:
(1) Real-Time Gross Settlement (RTGS)
(2) National Electronic Funds Transfer (NEFT)
(3) Unified Payments Interface (UPI)
(4) Account Aggregator Framework
Choose the correct answer from the options given below:
(A) (1), (2), (3), (4)
(B) (2), (1), (4), (3)
(C) (4), (2), (3), (1)
(D) (1), (2), (4), (3)
Show Answer and Solution
Answer: A
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HPAS 2025 Prelims Question Paper – Q19
Arrange the following monetary policy tools by the order in which RBI typically uses them to control inflation:
(1) Open Market Operations (OMO)
(2) Repo Rate Hike
(3) Cash Reserve Ratio (CRR) Adjustment
(4) Statutory Liquidity Ratio (SLR) Adjustment
Choose the correct answer from the options given below:
(A) (1), (2), (3), (4)
(B) (2), (1), (4), (3)
(C) (4), (2), (3), (1)
(D) (3), (2), (1), (4)
Show Answer and Solution
Answer: B
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HPAS 2025 Prelims Question Paper – Q20
Arrange the following items in descending order as percentage of GDP in India:
(1) Gross Fiscal Deficit
(2) Gross Domestic Capital Formation
(3) Central Government Debt
(4) Gross Tax Revenue
Choose the correct answer from the options given below:
(A) (3), (2), (4), (1)
(B) (2), (3), (1), (4)
(C) (3), (2), (1), (4)
(D) (2), (4), (3), (1)
Show Answer and Solution
Answer: A
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HPAS 2025 Prelims Question Paper – Q36
Consider the following statements:
(1) Accelerated Irrigation Benefits Programme was launched in 1996-97.
(2) Command Area Development Programme was taken up in 2014-15
(3) Hydrology Project was launched by Government of India with the World Bank assistance in 1974-75
(4) Pradhan Mantri Krishi Sinchayee Yojana was launched druing 2015-16.
Choose the correct answer from the options given below:
(A) (1) and (4) only
(B) (2) and (4) only
(C) (3) and (4) only
(D) (1) and (2) only
Show Answer and Solution
Answer: A
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HPAS 2025 Prelims Question Paper – Q41
Which of the following statements about India’s inflation trends in 2024 are correct?
(1) CPI inflation fell to 3.65% in August 2024.
(2) Core inflation remained above 4% throughout FY 2024-25.
(3) WPI inflation turned negative in Q1 2024-25.
(4) Food inflation was the primary driver of CPI increases.
Choose the correct statements from the options given below:
(A) (1) and (4) only
(B) (2) and (3) only
(C) (1) and (2) only
(D) (3) and (4) only
Show Answer and Solution
Answer: A
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HPAS 2025 Prelims Question Paper – Q42
Which of the following statements about India’s startup ecosystem in 2024 are correct?
(1) India had over 1.17 lakh recognized startups.
(2) The Startup India Seed Fund Scheme disbursed Rs. 1,000 crore.
(3) Unicorn startups doubled in number since 2020.
(4) The National Startup Advisory Council was dissolved in 2024.
Choose the correct statements from the options given below:
(A) (1) and (4) only
(B) (2) and (3) only
(C) (1) and (2) only
(D) (3) and (4) only
Show Answer and Solution
Answer: No correct option provided.
(Statements (1) and (3) are correct, but this combination is not an option).
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HPAS 2025 Prelims Question Paper – Q51
Match List-I with List-II:
List-I (Scheme): (a) Atal Pension Yojana, (b) Startup India Scheme, (c) Eco-NIWAS, (d) BharatNet.
List-II (Ministry): (i) Ministry of Communications, (ii) Ministry of Finance, (iii) Ministry of Commerce and Industry, (iv) Ministry of Power.
Choose the correct answer from the options given below:
(A) (a)-(ii), (b)-(iii), (c)-(iv), (d)-(i)
(B) (a)-(ii), (b)-(iii), (c)-(i), (d)-(iv)
(C) (a)-(ii), (b)-(i), (c)-(iii), (d)-(iv)
(D) (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)
Show Answer and Solution
Answer: A
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HPAS 2025 Prelims Question Paper – Q60
Match the following economic policies with their launch years:
List-I: (a) PM-KISAN, (b) Ayushman Bharat, (c) Startup India, (d) Gati Shakti.
List-II: (i) 2016, (ii) 2019, (iii) 2018, (iv) 2021.
Choose the correct answer from the options given below:
(A) (a)-(ii), (b)-(iii), (c)-(i), (d)-(iv)
(B) (a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)
(C) (a)-(iii), (b)-(ii), (c)-(iv), (d)-(i)
(D) (a)-(iv), (b)-(i), (c)-(ii), (d)-(iii)
Show Answer and Solution
Answer: A
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HPAS 2025 Prelims Question Paper – Q61
Match the following inflation metrics with their values for FY 2024-25 (April-December):
List-I: (a) CPI Inflation (%), (b) Food Inflation (%), (c) Core Inflation (%), (d) WPI Inflation (%).
List-II: (i) 2.1, (ii) 8.4, (iii) 5.4, (iv) 3.5.
Choose the correct answer from the options given below:
(A) (a)-(ii), (b)-(iii), (c)-(i), (d)-(iv)
(B) (a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)
(C) (a)-(iii), (b)-(ii), (c)-(iv), (d)-(i)
(D) (a)-(iv), (b)-(i), (c)-(ii), (d)-(iii)
Show Answer and Solution
Answer: C
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HPAS 2025 Prelims Question Paper – Q78
Which of the following best explains the “Twin Balance Sheet” problem in the Indian economy?
(A) High fiscal deficit and current account deficit
(B) High NPAs and low capital buffer in NBFCs
(C) Stressed balance sheets of banks and over-leveraged corporates
(D) Bad loans in agriculture and MSME sector
Show Answer and Solution
Answer: C
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HPAS 2025 Prelims Question Paper – Q79
Which of the following can cause “Stagflation”?
(A) Rapid increase in aggregate demand
(B) Sudden supply shock like rise in oil prices
(C) Expansionary fiscal policy
(D) Appreciation of the domestic currency
Show Answer and Solution
Answer: B
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HPAS 2025 Prelims Question Paper – Q80
Which of the following Indian States emerged number one in NITI Aayog’s Fiscal Health Index 2025?
(A) Tamil Nadu
(B) Himachal Pradesh
(C) Goa
(D) Odisha
Show Answer and Solution
Answer: D
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HPAS 2025 Prelims Question Paper – Q81
Which of the following best explains “Operation Twist” by RBI?
(A) It increases CRR while decreasing SLR
(B) It simultaneously buys long-term and sells short-term government securities
(C) It raises repo rate but reduces reverse repo
(D) It involves swapping forex reserves for rupee bonds
Show Answer and Solution
Answer: B
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HPAS 2025 Prelims Question Paper – Q97
Given below are two statements:
Statement I: The Production Linked Incentive (PLI) scheme covers 14 sectors, with a total outlay of Rs. 1.97 lakh crore.
Statement II: The PLI scheme has achieved 100% of its targeted investment in the electronics sector by FY 2024-25.
In the light of the above statements, choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement is correct
Show Answer and Solution
Answer: C
(Statement I is correct as the PLI scheme covers 14 strategic sectors with a total committed outlay of ₹1.97 lakh crore. Statement II is incorrect as 100% achievement of targeted investment in the electronics sector by FY 2024-25 is not confirmed).
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HPAS 2025 Prelims Question Paper – Q98
Given below are two statements:
Statement I: The National Monetisation Pipeline (NMP) aims to raise Rs. 6 lakh crore by FY 2024-25.
Statement II: The NMP includes monetisation of assets in the education sector.
In the light of the above statements, choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
Show Answer and Solution
Answer: C
(Statement I is correct, outlining the four-year pipeline target of ₹6 lakh crore. Statement II is incorrect because the NMP focuses on core infrastructure assets, and social infrastructure sectors like education and health are explicitly excluded).
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HPAS 2025 Prelims Question Paper – Q99
Given below are two statements:
Statement I: Apart from issuing currency notes, RBI regulates all commercial banks in India.
Statement II: Regulating NBFCs are not under the purview of RBI.
In the light of the above Statements, choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
Show Answer and Solution
Answer: C
(Statement I is correct; the RBI is the primary regulator and supervisor of all commercial banks in India under the Banking Regulation Act, 1949. Statement II is incorrect because the RBI has extensive powers to regulate Non-Banking Financial Companies (NBFCs) under the RBI Act, 1934).
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