Print Friendly, PDF & Email

INSIGHTS REVISION TEST for Preliminary Exam 2018: Test – 8


INSIGHTS REVISION TEST for Preliminary Exam 2018: Test – 8


 

 

1). Match the following with respect to committees on poverty in India:

List 1                                                                      List 2

A) Lakdawala Committee                                 1) Urban Poverty

B) Hashim Committee                                     2) Rural Development & Poverty

C) Saxena Committee                                     3) Methodology of poverty estimation

D) Tendulkar Committee                                 4) All India Poverty

 

         A             B             C             D

a)     1              2              3              4

b)     1              2              4              3             

c)     3              4              2              1                                             

d)     3              1              2              4

 


  

2). Consider the following statements:

  1. The Nobel Prize winner, Sir Arthur Lewis, argued that economic development is always and everywhere about getting people out of agriculture and of agriculture becoming over time a less important part of the economy
  2. China has been facing a situation of Lewis Trap

Which of the above statements is/are correct:

a) Only 1

b) Only 2

c) 1 and 2

d) None of the above


 

3).which of the following statements is correct:

  1. The Global Gender Gap Index is published by the UNDP
  2. Gender parity index takes into account educational gaps between girls and boys

Which of the above statements is/are correct:

a) Only 1

b) Only 2

c) 1 and 2

d) None of the above


4). Consider the following about Market Stabilisation Bonds (MSS) bonds:

  1. Market Stabilisation Bonds are issued by RBI
  2. The money obtained under MSS is kept in the consolidated fund of India

Which of the above is/are correct:

a) Only 1

b) Only 2

c) Both 1 and 2

d) None of the above


5). Which of the following is exempted from GST:

a) Watching movies and paying for popcorn

b) Supply of services associated with transit cargo to Nepal and Bhutan (landlocked countries)

c) Transportation of natural gas

d) Construction contracts across state boundaries


6). Consider the following about remittances:

  1. India is the largest receiver of remittances
  2. India received more remittances than the next two ranking countries combined

Which of the above is/are correct:

a) Only 1

b) Only 2

c) 1 and 2

d) None of the above


 

7). Which of the following statements about dumping is INCORRECT:

a) In 2016, anti-dumping investigations were initiated by all countries with India leading followed by USA and Argentina

b) Chinese steel is subject to anti-dumping duties in many countries

c) Dumping can be levied for subsidized supplies from foreign shores

d) Dumping is part of the special safeguard mechanisms under WTO


 

8). Domestic content requirement is sometimes seen in the context of:

a) Solar power projects in India

b) Television channels

c) Food product exports

d) Foreign educational content in India


 

9). What is meant by price discrimination?

a) Increase in value of a commodity over time

b) Minimum cost and maximum cost based on price cap and price regulation

c) Selling same commodity at different prices

d) Identifying quality of product


 

10). Which of the following relates to Rashtriya Garima Abhiyaan?

a) National Campaign for Dignity and Eradication of Manual Scavenging

b) National mission for empowerment of rural women

c) National mission to recognize education standards of minorities

d) Promoting Indian culture amongst youth


 

11). Tarapore committee on full capital account convertibility called for the following pre conditions for capital account convertibility:

 

  1. Price stability
  2. Fiscal stability
  3. Reduction of non-performing assets

Which of the above statements is/are correct:

a) Only 1

b) 1 and 2

c) 1 and 3

d) 1, 2 and 3


 

12). Which of the following developments can occur in an economy due to deficit financing by the government?

  1. Rise in Inflation
  2. Decrease in public debt
  3. Increase in money supply
  4. Improvement in current account deficit

Select the correct answer using the code given below

(a) 1 and 2 only

(b) 1 and 3 only

(c) 2 and 4 only

(d) 1, 3 and 4 only


 

13). Which of the following items are included as revenue receipts?

  1. Tax revenue
  2. Non-tax revenue
  3. Recoveries of loans
  4. Borrowing and other liabilities

Select the correct answer using the code given below

(a) 1 and 2 only

(b) 1, 2 and 3 only

(c) 3 and 4 only

(d) 1, 3 and 4 only


14). Which of the following are the components of the Indian money market?

  1. Treasury bills
  2. Call Money market
  3. Commercial Bills
  4. Repo and Reverse repo markets
  5. Mutual Funds

Select the correct answer using the code given below

(a) 1. 2, 3 and 4 only

(b) 1, 4 and 5 only

(c) 2. 3 and 5 only

(d) 1, 2, 3, 4 and 5


 

15).consider the following about sharing of development expenditure:

  1. Core of the core schemes have a sharing ratio of 60:40 for general category states & 90:10 for the Himalayan and north eastern states
  2. Optional schemes have a sharing pattern of 90:10

Which of the above statements is/are correct:

a) Only 1

b) Only 2

c) 1 and 2

d) None of the above


 

 16). Consider the following statements:

  1. Mission XI million aims at spreading the love for football
  2. It aims to encourage 11 million children to have passion for fitness

Which of the above statements is/are correct:

a) Only 1

b) Only 2

c) 1 and 2

d) None of the above


17). With reference to the Mission Parivar Vikas consider the following statements:

  1. It is an initiative of the Ministry of Health and family welfare
  2. It is launched in districts having the lowest total fertility rates in the country

Which of the above statements is/are correct:

a) Only 1

b) Only 2

c) 1 and 2

d) None of the above


18) With reference to the National Company Law Tribunal (NCLT), consider the following statements:

 

  1. It is a regulatory body
  2. It ensures corporate justice
  3. It has powers related to winding up of companies

Which of the above statements is/are correct?

a) 2 and 3 Only

b) 1 and 3 Only

c) 1 and 2 Only

d) 1,2 and 3


19) In a landmark judgment, aimed at putting an end to misuse of section 498A of the IPC that is dowry-related offences, the Supreme Court has proposed a slew of measures. Which of the following is/are NOT related to these measures?

  1. Family Welfare Committees should be constituted at every village panchayat
  2. These measures aim to put an end to the automatic arrest of the husband and his family members

Select correct answer using codes below:

a) 1 Only

b) 2 Only

c) Both 1 and 2

d) Neither 1 nor 2


 

 

20) With reference to the Islands Development Agency (IDA), consider the following statements:

  1. Its meetings are chaired by the Union Finance Minister
  2. IDA seeks to improve maritime economy, preserving the eco-system and addressing security concerns of islands

Which of the above statements is/are correct?

a) 1 Only

b) 2 Only

c) Both 1 and 2

d) Neither 1 nor 2


 

21) In which part of India do you find following islands?

  1. Tinnakara
  2. Cherium
  3. Suheli
  4. Bangaram

Select the correct answer from following options:

  1. Andaman and Nicobar
  2. Mouth of Ganges – Brahmaputra delta
  3. Lakshadweep
  4. None of the above

 

22) With reference to the JIGYASA initiative, consider the following statements:

  1. It is an initiative of ISRO to inspire students to take up space research
  2. This initiative allows students to visit ISRO centres to gain practical exposure to cutting edge space research
  3. As of now, students from Jawahar Navodaya Vidyalayas and Kendriya Vidyalayas are allowed to benefit from this initiative

Which of the above statements is/are correct?

a) 1 Only

b) 2 Only

c) 3 Only

d) None of the above


 

23) With reference to the India-UN Development Partnership Fund, consider the following statements:

 

  1. This Fund seeks to support transformational sustainable development projects across the developing world
  2. This Fund is managed by the United Nations Office for South-South Cooperation
  3. This Fund is supported and led by the Government of the Republic of India

Which of the above statements is/are correct?

a) 1 and 2 Only

b) 2 and 3 Only

c) 1 and 3 Only

d) 1,2 and 3

 


 

24) With reference to the Regional Comprehensive Economic Partnership (RCEP), consider the following statements:

 

  1. It is established between ten ASEAN members and six of their FTA partners
  2. The members of RCEP have agreed to create binding norms on opening up the e-commerce sector between them

Which of the above statements is/are correct?

a) 1 Only

b) 2 Only

c) Both 1 and 2

d) Neither 1 nor 2


 

25) Bihugeet’ songs

  1. Are a distinctive type of folk song of Assam
  2. Celebrate the life-sustaining character of the Brahmaputra

Select the correct answer using the code given below:

a) 1 Only

b) 2 Only

c) Both 1 and 2

d) Neither 1 nor 2