INSIGHTS REVISION TEST for Preliminary Exam 2018:
Test – 3
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INSIGHTS IAS REVISION PLAN FOR PRELIMS 2018 - DAILY REVISION TESTS
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Welcome to Insights IAS Revision Plan for UPSC Civil Services Preliminary Exam – 2018.
If you are wondering why these questions are posted, please refer to the detailed Timetable provided HERE.
These questions serve TWO purposes: One to test your revision skills; Second is to give you a glimpse into topics that you might have missed during revision.
If you score ow marks, please don’t feel bad. Revise more effectively and try to learn from mistakes. Wish you all the best.
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Question 1 of 25
1. Question
1 pointsThe European Bank of Reconstruction and Development (EBRD) has been in news recently, which of the following statements about EBRD are correct?
1) India is set to become its member
2) It is an arm of European Economic Community (EEC)
3)It was founded to support countries of the former Eastern Bloc in the process of establishing their private sectors after dissolution of Soviet Union.
Correct
Ans: c
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991 head quartered in London. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from central Europe to central Asia.
Incorrect
Ans: c
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991 head quartered in London. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from central Europe to central Asia.
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Question 2 of 25
2. Question
1 pointsAccording to the economic survey “low level equilibrium trap” is a situation where:
Correct
Ans: c
The Survey pointed out that low level of tax collections by the local Governments in rural areas is posing challenge in reconciling fiscal federalism and accountability
Incorrect
Ans: c
The Survey pointed out that low level of tax collections by the local Governments in rural areas is posing challenge in reconciling fiscal federalism and accountability
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Question 3 of 25
3. Question
1 pointsWhat are the possible outcomes of pendency in judicial system in India?
Correct
Ans: D
Judicial pendency has been a major bottleneck for doing business in India. The courts often delay projects through litigation also causing a non-favorable position in Doing Business.
Incorrect
Ans: D
Judicial pendency has been a major bottleneck for doing business in India. The courts often delay projects through litigation also causing a non-favorable position in Doing Business.
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Question 4 of 25
4. Question
1 pointsWhile advanced economies (AEs) are increasingly opting for fiscal activism, India should not go for such a move. Which of following are reasons for continuing with fiscal prudence:
- Indian growth rates are substantially higher, while inflation rates are also substantially greater.
- India’s own recent experience highlights the risks associated with increasing growth rates through fiscal activism. The two episodes of Indian macro vulnerability in the last 35 years—1991 and 2013—were associated with large increases in fiscal deficits.
Identify the correct statements
Correct
Ans: D
Fiscal activism or stimulus packages are needed only for recovery from depression and recession. The course of extra spending should be strictly regulated to prevent burdening from public debt and high debt service ratios. Burden of interest payments already is very high with up to 25% of revenue expenditure curtailing developmental spending.
Incorrect
Ans: D
Fiscal activism or stimulus packages are needed only for recovery from depression and recession. The course of extra spending should be strictly regulated to prevent burdening from public debt and high debt service ratios. Burden of interest payments already is very high with up to 25% of revenue expenditure curtailing developmental spending.
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Question 5 of 25
5. Question
1 pointsConsider the following statements regarding the convergence patterns between different Indian states.
- On the financial front, though there has been income convergence but consumption divergence.
- On health front, there has been convergence across both fronts i.e. life expectancy at birth and infant mortality rate.
Identify the correct statements
Correct
Ans: B
Hint: On the financial front, there has been divergence on both income and consumption. There is convergence ie that IMR and life expectancy are trending towards similar goals in various states in India. This is due to catching up of education and health parameters in various states.
Incorrect
Ans: B
Hint: On the financial front, there has been divergence on both income and consumption. There is convergence ie that IMR and life expectancy are trending towards similar goals in various states in India. This is due to catching up of education and health parameters in various states.
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Question 6 of 25
6. Question
1 pointsGPI or gender parity index portrays differences in access to __________ between men and women:
Correct
Ans: c
The Gender Parity Index (GPI) is a socioeconomic index usually designed to measure the relative access to education of males and females. … In its simplest form, it is calculated as the quotient of the number of females by the number of males enrolled in a given stage of education (primary, secondary, etc.).
Incorrect
Ans: c
The Gender Parity Index (GPI) is a socioeconomic index usually designed to measure the relative access to education of males and females. … In its simplest form, it is calculated as the quotient of the number of females by the number of males enrolled in a given stage of education (primary, secondary, etc.).
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Question 7 of 25
7. Question
1 pointsIn 1991 India met with an economic crisis. Which of the following can be quoted as a reason for the same?
1. The high level of external debt.
2. Low level of foreign exchange reserve.
3. Rising prices of essential goods.
4. Import substitution policy of India.
Please select your answer using the Codes below:Correct
Ans: D
The economic crises here was primarily a balance of payment crises and at the same time there was a significant increase in oil prices due to the Gulf war. Also, low foreign exchange reserves meant India had to mortgage gold to sustain critical imports such as oil. Import substitution policy meant that quotas and strict FERA made flow of foreign funds into India difficult.Incorrect
Ans: D
The economic crises here was primarily a balance of payment crises and at the same time there was a significant increase in oil prices due to the Gulf war. Also, low foreign exchange reserves meant India had to mortgage gold to sustain critical imports such as oil. Import substitution policy meant that quotas and strict FERA made flow of foreign funds into India difficult. -
Question 8 of 25
8. Question
1 pointsThere are many ways to categorize poverty. Consider the following statements in this regard.
- ‘The people who are always poor’ and those whose are usually poor but who may sometimes have a little more money are called chronic poor.
2. The people who regularly move in and out of poverty are called churning poor.
3. People who are rich most of the time but may sometimes have a patch of bad luck are called occasionally poor.
Select the correct ones.
Correct
Ans: D
‘The people who are always poor’ and those whose are usually poor but who may sometimes have a little more money are called chronic poor. Another group is called the churning(transient) poor because they keep moving in and out of the poverty segment( small scale workers). There are a segment of people who are occasionally poor meaning they are rich most of the time but due to bad luck turn poor for a while.
Incorrect
Ans: D
‘The people who are always poor’ and those whose are usually poor but who may sometimes have a little more money are called chronic poor. Another group is called the churning(transient) poor because they keep moving in and out of the poverty segment( small scale workers). There are a segment of people who are occasionally poor meaning they are rich most of the time but due to bad luck turn poor for a while.
- ‘The people who are always poor’ and those whose are usually poor but who may sometimes have a little more money are called chronic poor.
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Question 9 of 25
9. Question
1 pointsWhich of the following statements is/are true for the current account of a country?
- It shows the net income generated in the foreign trade sector
- It relates to claims and liabilities of financial nature
Choose the correct answer from the code given below:
Correct
Ans: A
Foreign trade is part of current account whereas dealings in the financial sector are largely covered under capital account.
Incorrect
Ans: A
Foreign trade is part of current account whereas dealings in the financial sector are largely covered under capital account.
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Question 10 of 25
10. Question
1 pointsConsider the following statements:
- Rate of growth of GDP exhibits the performance of the economy.
- Per capita GDP shows the standard of living of the people in a country.
Which of the statements given above is/are correct?
Correct
Ans: C
India was called emerging market due to its fast growth in GDP. Per capita shows us the purchasing power of people and their welfare.
Incorrect
Ans: C
India was called emerging market due to its fast growth in GDP. Per capita shows us the purchasing power of people and their welfare.
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Question 11 of 25
11. Question
1 pointsWhich of the following is/are advantage(s) of zero-based budgeting?
- It eliminates or minimizes the low priority programmes.
- It improves the programme effectiveness.
- It facilitates critical review of schemes in terms of their cost effectiveness and benefits.
Select the answer from the codes below:
Correct
Ans: D
Need for zero-based budgeting
- Low priority programs can be eliminated or reduced.
- Effectiveness of programmes can be dramatically improved.
- Programmes of high priority can obtain increased funding by shifting resources within an agency.
- The government need not increase the tax revenue as ZBB can to do a more effective job with existing revenues.
Incorrect
Ans: D
Need for zero-based budgeting
- Low priority programs can be eliminated or reduced.
- Effectiveness of programmes can be dramatically improved.
- Programmes of high priority can obtain increased funding by shifting resources within an agency.
- The government need not increase the tax revenue as ZBB can to do a more effective job with existing revenues.
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Question 12 of 25
12. Question
1 pointsConsider the following statements:
Assertion (A) : Rising Public debt is a cause of concern for the government and economy.
Reason (R) : Rising interest payments due to rising public debt erodes government’s capacity for economic development.
Answer from the codes below :
Correct
Solution: a.
Incorrect
Solution: a.
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Question 13 of 25
13. Question
1 pointsAn imposition of capital gains tax will
Correct
Ans: A
Capital gains tax will boost consumption in present as savings will be taxed later and also slow down investments. Y=C+S. therefore, if consumption increases saving would fall. Also S=I so investments would also reduce.
Incorrect
Ans: A
Capital gains tax will boost consumption in present as savings will be taxed later and also slow down investments. Y=C+S. therefore, if consumption increases saving would fall. Also S=I so investments would also reduce.
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Question 14 of 25
14. Question
1 pointsWhich of the following factors led to failure of trickle-down theory:
- Drain of wealth
- Western paradigm model
- Population explosion
- Over dependence on agriculture
Select your answers using the codes given below:
Correct
Ans: B
Drain of wealth is a concept before independence. Western paradigm model shows dependence on foreign nations for everything from teachers, science and Machines. Population explosion reduced availability of resources per capita and agriculture could not sustain demand due to its low elasticity of income demand.
Incorrect
Ans: B
Drain of wealth is a concept before independence. Western paradigm model shows dependence on foreign nations for everything from teachers, science and Machines. Population explosion reduced availability of resources per capita and agriculture could not sustain demand due to its low elasticity of income demand.
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Question 15 of 25
15. Question
1 pointsThe Concept of New International Economic Order was given by:
Correct
Ans: B
The New International Economic Order (NIEO) was a set of proposals put forward during the 1970s by some developing countries through the United Nations Conference on Trade and Development to promote their interests by improving their terms of trade, increasing development assistance, developed-country tariff reductions
Incorrect
Ans: B
The New International Economic Order (NIEO) was a set of proposals put forward during the 1970s by some developing countries through the United Nations Conference on Trade and Development to promote their interests by improving their terms of trade, increasing development assistance, developed-country tariff reductions
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Question 16 of 25
16. Question
1 pointsConsider the following statements:
- India recently signed a double taxation avoidance agreement with Hong Kong
- DTAA are meant to make the country more attractive for foreign investors
Which of the above statements are correct:
Correct
Ans: c
The DTAA, or Double Taxation Avoidance Agreement is a tax treaty signed between India and another country (or any two/multiple countries) so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country.
Incorrect
Ans: c
The DTAA, or Double Taxation Avoidance Agreement is a tax treaty signed between India and another country (or any two/multiple countries) so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country.
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Question 17 of 25
17. Question
1 pointsThe nature index is an index measuring:
Correct
Ans: A
The Nature Index tracks the affiliations of high-quality scientific articles. Updated monthly, the Nature Index presents research outputs by institution and country.
Incorrect
Ans: A
The Nature Index tracks the affiliations of high-quality scientific articles. Updated monthly, the Nature Index presents research outputs by institution and country.
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Question 18 of 25
18. Question
1 pointsConsider the following statements:
- The index and the inequality report was released by the international NGO Oxfam and Development Finance International.
- It measures the efforts of governments that had pledged to reduce inequality as part of the sustainable development goals.
- The index mainly focuses on redistributive actions governments can take, rather than those that would prevent rising inequality in the first place
Which of the above statements are correct:
Correct
Ans: C
India has been ranked 132nd among 152 nations in a new index tracking commitment to reducing income inequality, Sweden led the index while Nigeria remained the worst performer
Incorrect
Ans: C
India has been ranked 132nd among 152 nations in a new index tracking commitment to reducing income inequality, Sweden led the index while Nigeria remained the worst performer
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Question 19 of 25
19. Question
1 pointsConsider the following statements:
- Doing business report will now be assessed at the district level
- India has not been able to improve its rank significantly in enforcement of contracts
Which of the above statements are correct:
Correct
Ans: C
The ease of doing business index is an index created by Simeon Djankov at the World Bank Group. The academic research for the report was done jointly with professors Oliver Hart and Andrei Shleifer. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the economic growth impact of improving these regulations is strong.
Incorrect
Ans: C
The ease of doing business index is an index created by Simeon Djankov at the World Bank Group. The academic research for the report was done jointly with professors Oliver Hart and Andrei Shleifer. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the economic growth impact of improving these regulations is strong.
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Question 20 of 25
20. Question
1 pointsConsider the following statements:
- The Global Innovation Index (GII), co-published by World-Intellectual Property Organization (WIPO), Cornell University and INSEAD with CII as a Knowledge Partner
- India has shown improvement in most areas, including in infrastructure, business sophistication, knowledge and technology and creative outputs.
Which of the above statements are correct:
Correct
Ans: C
The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organisations and institutions, and is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum. The index was started in 2007 by INSEAD and World Business, a British magazine. The GII is commonly used by corporate and government officials to compare countries by their level of innovation.
Incorrect
Ans: C
The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organisations and institutions, and is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum. The index was started in 2007 by INSEAD and World Business, a British magazine. The GII is commonly used by corporate and government officials to compare countries by their level of innovation.
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Question 21 of 25
21. Question
1 pointsConsider the following statements regarding Gorkhaland Territorial Administration(GTA)
- GTA is conferred with administrative, executive and taxation powers in respect to transferred subjects.
- All the members of GTA sabha are elected for a term of 5 years.
Which of the following statement/s is/are correct?
Correct
Solution: a)
GTA is conferred with administrative, executive and financial power on the transfer subject but it does not enjoy legislative power.
GTA sabha consists of 50 members among which 45 are elected and 5 are nominated by the governor.
Source: http://www.darjeeling.gov.in/notification/GTA_ACT.pdf
Incorrect
Solution: a)
GTA is conferred with administrative, executive and financial power on the transfer subject but it does not enjoy legislative power.
GTA sabha consists of 50 members among which 45 are elected and 5 are nominated by the governor.
Source: http://www.darjeeling.gov.in/notification/GTA_ACT.pdf
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Question 22 of 25
22. Question
1 pointsConsider the following statements regarding protection of children from sexual offences Act (POCSO Act)-2012.
- The offences are tired by special courts within a period of one year.
- Burden of proof lies on the victim
- Disclosing identity of a victim is a punishable offence.
Which of the following statement/s is/are correct?
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Question 23 of 25
23. Question
1 pointsWhich of the following statement is INCORRECT?
Correct
Solution: c)
Wassenaar Arrangement is a multilateral export control regime which aims for export controls for conventional arms and dual use good and technologies.
Source: https://www.bis.doc.gov/index.php/policy-guidance/multilateral-export-control-regimes
Incorrect
Solution: c)
Wassenaar Arrangement is a multilateral export control regime which aims for export controls for conventional arms and dual use good and technologies.
Source: https://www.bis.doc.gov/index.php/policy-guidance/multilateral-export-control-regimes
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Question 24 of 25
24. Question
1 pointsConsider the following statements
- T.S.R Subramanian recommended Indian Education Service –a new civil service cadre as a part of new Education policy.
- Subramanian committee supported the teaching of English at the primary level.
Which of the following statement/s is/are correct?
Correct
Solution: c)
Incorrect
Solution: c)
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Question 25 of 25
25. Question
1 pointsRegarding defence related imports, which of the following is NOT an import from Israel.
Correct
Solution: b)
M777 Ultra-light howitzers artillery guns inducted in Indian army which are imported from US.
Incorrect
Solution: b)
M777 Ultra-light howitzers artillery guns inducted in Indian army which are imported from US.