Пост Here is complete answer sheet for your notebook - *exam-ready to the point:*

Here is complete answer sheet for your notebook - *exam-ready to the point:* Till date question asked in CGL running exam 2026. *1. Which FYP - Twenty Point Programme launched?* Ans: *5th FYP (1974-79)* by Indira Gandhi, originally in 1975. Re-launched as Twenty Point Programme-1982 *2. Why 1991 reforms criticized for impact on agriculture?* Ans: Reforms focused on industry & services, agriculture neglected: - Subsidy cut on fertilizer, power - Reduction in public investment in irrigation - Removal of MSP protection exposed farmers to global competition - No direct reforms for agriculture credit *3. Time period for 10th FYP* Ans: *2002-2007* - Target growth 8% (achieved 7.6%) *4. GDP* Ans: Gross Domestic Product - Total market value of all final goods & services produced within domestic territory of a country in a year. *5. Three main pillars of Economic reforms 1991* Ans: *LPG* = Liberalization, Privatization, Globalization *6. Major policy adopted under 1991 reforms* Ans: *New Economic Policy (NEP) 1991* - by PM P.V. Narasimha Rao & FM Dr. Manmohan Singh *7. LPG model was implemented during which FYP?* Ans: *8th FYP (1992-1997)* - Officially launched in 1991, but rolled out in 8th Plan. *8. Formula of Factor Cost* Ans: *GDP at Factor Cost = GDP at Market Price - Net Indirect Tax (Indirect Tax - Subsidy)* Also: GVA at Factor Cost = GVA at Basic Price - Production tax + Production subsidy *9. Father of concept of Socialist Economy* Ans: Global - *Karl Marx*, India - *Pt. Jawaharlal Nehru* is called architect of Socialist pattern of society. *10. FYP concept from which country* Ans: *USSR (Russia)* - First started by Joseph Stalin in 1928 *11. To promote rural credit during 6th FYP which apex institution was established?* Ans: *NABARD - National Bank for Agriculture and Rural Development* Established: 12 July 1982 on recommendation of Shivraman Committee *12. BIMSTEC* Ans: *Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation* - Members: 7 (India, Bhutan, Nepal, Bangladesh, Myanmar, Thailand, Sri Lanka) - HQ: Dhaka, Est: 1997 *13. Measure adopted in 1991 to make foreign trade easier & more liberal* Ans: - Devaluation of Rupee by 18-19% - Abolition of Import Licensing - Reduction of Custom Duty from 355% to 50% - Decanalization of trade - Introduction of EXIM Policy *14. Primary objective of IMEC Project* Ans: *India-Middle East-Europe Economic Corridor* - To create a efficient trade route from India to Europe via UAE, Saudi Arabia, Jordan, Israel. - Alternative to Suez Canal, reduce cost & time by 40%, enhance energy, digital & infrastructure connectivity. Announced at G20 Delhi 2023. *15. Monetary Policy Committee of RBI has decided to keep repo rate unchanged at how much till April?* Ans: *5.25%* - In MPC meeting 6-8 April 2026, unanimously decided to keep repo rate unchanged at 5.25% with Neutral stance f30d *16. New calculation year for MoSPI* Ans: *New Base Year = 2022-23* (replacing old 2011-12 base year). Introduced on *28 Feb 2026* - For GDP & IIP = 2022-23 - For CPI = 2024 74fb *17. Latest data from MoSPI, %age of India's real GDP growth for FY 2025-26* Ans: - First Advance Estimate (7 Jan 2026): *7.4%* - Final Revised as per new series (National Accounts Statistics 2026 released 31 Aug 2026): *7.8%* 55914dc2 *18. RBI decided to change the policy repo rate from 5.25% -?* Ans: Your line incomplete - RBI *did NOT change* from 5.25% in April 2026, kept unchanged. Earlier it had cut from 6.50% to 5.25% in series of cuts from Feb 2025 to Dec 2025 (125 bps cut). *19. For which industry was licensing sys. not abolished under 1991 reforms* Ans: Licensing retained for *5 industries* (originally 18, now 5): 1. Alcoholic drinks 2. Cigarettes & Tobacco 3. Hazardous chemicals 4. Industrial Explosives 5. Electronic Aerospace & Defence equipment *20. 2nd FYP based on model of which famous planner* Ans: *P.C. Mahalanobis Model* - Focus on Heavy Industry & Industrialization.