Insights Prelims Test Series – 2016: Discussions Test – 17

Insights Prelims Test Series – 2016: Discussions Test – 17

Hope you enjoyed solving the Seventeenth Test of our 2016 Test Series. On this page, please share your doubts to seek clarifications, or to point out any mistakes in the comment box regarding the First Test. We will do our best to address  all your doubts.

206 Replies to “Insights Prelims Test Series – 2016: Discussions Test – 17”

  1. after submitting the paper, “result is being processed” page is being shown and that’s it! the processing is going on and on.. kindly look into the problem.. @insightsias

      1. Same here. Now it claims I have done the test and even shows a ranking but the test history tab refuses to open.

        1. Hi Shambhujs, now even on my side it’s not working.
          May be INSIGHTS is working on to it 🙂

    1. Finally submitted the test. But unable to download the PDF. In fact, I cannot download the pdf of previous tests as well which means the site is really facing some problem. Hope it will be rectified soon…

      1. Lets see. What I find unusual is that there has been no reply from Insights today. They usually clarify such matters.

        Also, when are they coming out with the Public Institutions chapters?

  2. ”Result is being Processed” for the past 2 hours.
    Please look into the problem insights. Thank you

  3. Your result is being processed please wait …
    THIS IS WHAT PERPLEXING ME FROM ;LAST TWO HOURS … anyone please help

  4. Why there is always a problem either in logging in, starting the test or submitting the test.. Damm Annoyed!!! It is 17th Test and still these issue persists. God help Insights.

  5. @insightsias……please take immediate action against non-responsiveness of website. we are facing severe problem in taking the test.

    “THE RESULT IS BEING PROCESSED………..PLEASE WAIT” and i am still waiting. i

    If website doesn’t respond then insights should send us PDF of question and answer like previous year.

    kindly resolve this problem sir

  6. dear insights team,
    ‘the result is being processed’ with no solution and time limit
    have tried its submission umpteen number of times ,please help

  7. Here also, result is not getting submitted. Sir please help.
    only 12 mins left in my test, should i let the time exhaust?

  8. same problem the results keep on getting processed. Apart from it there is also some problem with the downloading of the solutions. Tried it and some complicated code popped up on the entire screen. Still not able to do it. Please look into this problem ASAP. Meanwhile if anyone has downloaded the solutions kindly mail it to me. The id is : meetnityesh@yahoo.co.in

  9. I am not able to submit my test no 17 which I gave today. The moment I click END EXAM.. It takes forever to load next screen and shows only this message- PLEASE WAIT WHILE WE PROCESS YOUR RESULTS…

    in between the test i was told -INTERNET DISCONNECTED.. but this happened in earlier tests also, but never had problem of submitting END EXAM button. one more thing, all my answers given during the tests are recorded. so i refresh to load and m show RESUME TEST in TEST 17, again and again.

    Even if i leave the clock to automatically end exam by letting the message to show- TIMES UP.. even after that result is not processed and I am not able to see my score. everything was working till TEST-16 for, only in this test facing this problem. PLEASE LOOK INTO THIS INSIGHTS.

  10. I am not able to submit my test no 17 which I gave today. The moment I click END EXAM.. It takes forever to load next screen and shows only this message- PLEASE WAIT WHILE WE PROCESS YOUR RESULTS…

    in between the test i was told -INTERNET DISCONNECTED.. but this happened in earlier tests also, but never had problem of submitting END EXAM button. one more thing, all my answers given during the tests are recorded. so i refresh to load and m show RESUME TEST in TEST 17, again and again.

    Even if i leave the clock to automatically end exam by letting the message to show- TIMES UP.. even after that result is not processed and I am not able to see my score. everything was working till TEST-16 for, only in this test facing this problem. PLEASE LOOK INTO THIS INSIGHTS.

  11. Respected Sir,
    After submitting the paper my result is still processing and still not able to see the pdf or rank. Please check the technical problem as soon as possible.

  12. Q-41
    MDMS objective is Statement 1& 2, I believe coz I can’t find Statement 3 in the IYB ’16. Pls provide the source for its justification

    Q-84
    Bhitarkanika is in Odisha and it does not have coral reefs as per the India year book ’16. So the option ‘B’ should be right instead of ‘C’

    Q-99
    It talks about Market Stabilization Scheme(MSS) under the India’s forex reserves but this Section has been skipped in the latest 7th Edition of Ramesh Singh, but there are many important sections added in this edition which are important.
    So my request is to kindly keep a simultaneous look on the 7th edition too, and add questions from it also if seems important.

      1. Hi Insights…regarding coral reefs, can u please me help in understanding why it is absent in other places like Bhitarkanika and Sunderbans although I know it is associated with tropical climate ?
        Also, how far — satyagrah, non-cooperation and civil disobedience overlap one another in historical context?

        1. Coral reefs require silt free conditions for proper growth apart from conditions like appropriate temperature, salinity etc

          There is a lot of silt deposition at Sundarbans and Bhitarkanika, hence no coral reefs.

          The question on Satyagraha is a bit open ended. Please specify the question little further.

          1. Thanks Insights ! So, what I understand is other two places – Sunderbans, Bhitarkanika have silt deposition, perhaps due to Indian rivers carrying the silt, sand i.e formation of delta plains.

            Other question is : Are other three events- Satyagrah, Co-operation and Civil Disobedience mutually exclusive or Civil Disobedience encompasses remaining two ? Say, Civil Disobedience is disobeying the laws, Non-cooperation is withdrawing support either in using foreign clothes or avoiding liquor, and Satyagrah means non-violent protest ( this term not very much clear to me ) .. So in 1922 though non-cooperation movement happened but Civil Disobedience didn’t take off due to Chauri Chaura incident but again Vaikom Satyagrah happened in 1923 or for that matter “Salt Satyagrah which should also be a part of Civil Disobedience movement because in a way Gandhiji broke laws…..so linkage between these three 3 terms as it is quite on-off ?

            1. Satyagraha is a way of fighting. It is like the type of tool that you are using against the enemy. The concept of Satyagraha used in any movement relied active resistance without the use of force, which included non-cooperation, protests, fasting.

              The essence of Satyagraha is that the enemy is not to be seen with the eyes of hatred, but that of reform, which can be achieved by repeated request for the vindication of truth. It believed that any human being would yield for the truth if requested with utmost sincerity, non-violence and love.

              The concept was applied to many movements like the Vaikom Satyagraha, Salt Satyagraha (Dandi March) etc.

              Civil Disobedience Movement was a step ahead of Non-cooperation movement. The latter relied only on not cooperating, but lawfully; the former not only stopped cooperation but broke the laws too.

              The idea of Civil Disobedience took roots only from the Dandi march of 1930, whereas its more innocuous form Non-cooperation began pretty early in the 1920s.

              So, Non-cooperation Movement is one kind of Satyagraha; Civil Disobedience is another but encompassing the non-cooperation movement.

    1. Chaintany : In 7th edition, there are two chapters- 21 and 22 , right ? Other two chapters i.e 23, 24 are MCQs, Model Questions …Lastly chapter 25 is missing…Are u referring old edition for 23, 24, 25 ?

      1. 4th edition has 24 chapters in all,same as in the 7th edition.
        The difference is the new book has omitted Chap.19-THE TECHNOLOGY-ENVIRONMENT DILEMMA of the Old book
        and instead they have added a dedicated MCQs based Chapter which is not there in the old one…Rest mostly everything is more or less same besides adding the latest Topics like- ‘Make in India’ , ‘Niti Aayog’ , etc

  13. The problem faced in taking the tests is due to server overload and other technical glitches.

    The team has already started optimizing the code. The team is on a holiday and still working long hours to fix the problem.

    It is a temporary technical problem and will be rectified. Please do not worry. Bear with us for 3-4 days more.

    Thank you.

        1. Q 45 , in learning you said it is always scarce , so option C should also be correct , please explain 🙂

    1. Sir, i have query not related to this test but last one.
      Delimitation commission readjusts two things viz. (a) allocation of seats in the LS to the states, and (b) division of each state into territorial constituencies.
      According to 87th CA Act, (b) is done on 2001 census. but it also states that this can be done without altering the number of seats allotted to each state in the LS.
      So does that mean that (a) is still being done on the basis of 1971 census?
      Please help!!!
      I also request others to share their thoughts.
      Thank you.

    2. can any one post the content page of public institutions in india performance and design …i just want to know the contents to decide to buy book or not…………

  14. guys anyone help me with softcopies of modern history by sumit sarkar and plassey to partition by bandopadhyay….it will be a grt help…

  15. I have just given the test and after submitting the rest the process is going on…..any one pls tell me what should I do??..wait or not…its already 15 min past kindly guide..

    1. Hi Tej, don’t worry- Insights has already notified that it might take them 3-4 days 🙂
      Remember INSIGHTS “please Bear with us ” post ?

      The only thing INSIGHTS want from us is PATIENCE 😀
      #Dont worry study for Test 18.

      1. hello albus , i joined series some days back and gave first test today but not able to see result not able to download pdf , so if you have pdf of test 1 , then can you sent to me at – pattiwari@gmail.com , it would be great help, thanks 🙂

        1. Hey, Abhinav welcome to INSIGHTS 🙂
          Friend with due respect , plz wait for 2-3 days, then you can download your own test report.
          Mailing test on my part wont be ethical 🙂
          #Hope you understand.

  16. In this case ..my result will come or not..?? Or my efforts will go in vane ….koi bhi online hai reply karo plssss….

    1. Once u submit ur test,it wud keep saying dat it is submitting d test,wait for few minutes then go to ur test history-u can view ur marks der but u won’t get d solution pdf as of now,still atleast u wud know ur marks

  17. Still not getting submitted. Kindly fix the issue, limited internet connection at my disposal.

  18. I have a doubt in question 64 which asks about the “Reserve money”. In the NCERT of economics for XII std., the chapter on banking says that reserve money consists of the following:
    1. Cash held in vaults by the commercial banks
    2.The money that commercial banks hold with the RBI.
    However the solution for the test shows it completely different. Throw some light on this….

      1. M0 (M-Zero) : Reserve Money : (High Powered Money) : The amount of liquidity/ cash which is readily available in the system is called High Powered Money. aka. monetary base.

        M0 = Currency in circulation (notes + coins) +

        Banker’s Deposit with RBI. (e.g CRR) +

        Other Deposits with RBI +

        Banks Cash Reservers with themselves. (like SLRs))

        Isn’t it?

        By the above should it have been that option two is also correct.

        1. Net forex reserve with the RBI
        2. Vault cash kept by Scheduled Commercial Banks
        3. RBI’s net credit to the Government

      2. Hi Insights!!

        Q95:
        Article 243 says that state legislature may provide for the representation of MLCs or Rajya Sabha MPs, to be part of panchayats.
        If that is the case, then how statement 1 of Q95 can b correct?
        ‘All the members of panchayats at the village, intermediate and district levels shall be elected directly by the people.’

        1. No VM, please properly go through Article 243 C (5). At the intermediate and District level PRIs, members are indirectly elected. I implies that the manner of election of the members of that particular body is indirect. It doesn’t tell us whether those indirectly elected were directly elected in other elections or not.

          http://indiacode.nic.in/coiweb/amend/amend73.htm

          1. Hi!
            Thanx for the reply.
            But still not clarified!

            Article 243C(5) deals with chairman, not members! I was talking about members.
            My point: NOT all members of panchayath shall be elected directly.
            Reason: Article 243C(4)- The Legislature of a State may, by law, provide for the representation- of the members of the Council of States and the members of the Legislative Council of the State, where they are registered as electors within
            (i) a Panchayat area at the intermediate level, in Panchayat at the intermediate level;
            (ii) a Panchayat area at the district level, in Panchayat at the district level

            As per Insights test answer key- ‘All the members of panchayats at the village, intermediate and district levels shall be elected directly by the people’ (Question 95, test 17)

            NB: members of council of states are never directly elected.

            please clarify. Does this mean that answer key is wrong? or I am wrong again?

            1. Your argument is appropriate. But, you should understand two things here.

              1) The inclusion of MPs or MLCs is only a possibility that comes at the discretion of the state legislature. And, it is not a compulsory provision under the 73rd amendment.

              2) The act only provides that state legislature may provide for their representation in the panchayats. Whether the representation gives them full membership with a right to vote, or only a right to attend its meetings depends on the state legislation.

              Also, there was no option in the question stating “2 only”. So, the most appropriate answer here would be option (a), i.e. “1 and 2 only”.

  19. I couldn’t download answers of TEST 15 .Please forward(shyamkuttamath@gmail.com) if anyone having the same …

  20. Respected Sir,
    I am still not able to download pdf. Can you please specify the chapters to be covered from Pratap Bhanu Mehta and Rajiv Sikri for the mains Syllabus. Thank You.

  21. Please keep this forum as Test discussion and not as problems related to taking the tests…the online platform will always have some technical glitches, so do not over concentrate on it, rather put that energy in useful direction..

  22. Insights…one request, can you please provide information like average score or median score (..besides Rank) to help us judge our standing better…

  23. Q 45. The more popular term ( in newspapers..) is ‘strong currency’…’hard currency’ is rather obsolete term!!

  24. Cud someone tell me the name of the chapters to be studied for test 18 from ramesh singh.I have the older edition and there is no chapter 25 in that book.

    1. Ramesh Singh: We will covering these 5 chapters.

      21. Preparing for the Demographic Dividend

      22. Human Development in India

      23. Economic Concepts and Terminologies

      24. Selected MCQ’s (Economic and Social Development)

      25. Model Answers to Selected Questions

      Even if you do not have the 6th edition, a go through of the last few chapters (after Environment) of Ramesh Singh will do.

  25. Qn 57. The Constitution of India has not made any clear and detailed description of the powers and functions of the High Court as it has done in the case of the Supreme Court. The Constitutions says that the Jurisdiction of the High Court shall be the same as immediately before the commencement of the Constitution. The gap is filled by laws made by Central as well as state legislatures, of which Civil and Criminal Procedure Code is also a part.

    How CPC acts as a device to decide on powers and jurisdiction of HC’s, it acts as an aid to it rather…Please clarify..

    1. Take one example.

      The CrPC deals with cognizable and non-cognizable offences.

      Cognizable offences are those offences for which a police officer may arrest “without court mandated warrant” in accordance with the first schedule of the code. But, for a non-cognizable offence, a court warrant is mandatory.

      There can be many more examples to this. As the CrPC deals with administration of substantive criminal law in India (e.g. determination of punishment of guilty), it does decide on the powers and jurisdictions of courts, including the High Court.

      1. Agreed, but courts are anyway supposed to rule as per the law of land. Whereas power and jurisdiction are binding terms , high courts can interfere even in non cognigible offences ( suo-motu cognisance)… Correct me if I m wrong!

  26. Q 53 no answer is given.. wats the answer? B?

    Thanks for the awesome test Insights 🙂

  27. @insightsprelimstestseries:disqus

    Pls clarify quest. 32

    Which one is will be least preffered :

    OPTION B V/S OPTION D

    •As per sol provided by insight option B will be least preferred.
    •I am with Option D
    Logic cited by insight – ideally there should not be any revenue deficit + low capital expenditure

    lets us evaluate option D
    Its says
    • Balanced budget —- yes it should be least preferred because in the developing countries ideally the budget should be deficit budget but within in controlled limit.It simply means govt’s expenditure will be more as compared to revenue .It gives boost to the GDP
    • No revenue surplus – — it means either balanced revenue or revenue deficit .So it is debatable what was the under pinning desire of the question paper setter ….. if one concede it as revenue deficit than it is equal to the option B only
    • Low capital expenditure – common to both the option -so need to debate

    So comparing opt B & D … The developing countries should have slighter fiscal deficit as compared to budget deficit and about the revenue deficit ..the causes can be many …. this can be inefficiency of collecting the taxes ….tax evasions etc …but the foremost feature of any developing economy is that its fiscal deficit should be in controlled limit .. and its should be there ..as it is the indicator of the growth in the economy ……so as per my under standing option D must be appropriate one (it should be least preferred

    Request you PLS clarify/discuss

    1. The conditions referred in Statement 2 are: “A fiscal deficit with revenue deficit and low capital expenditure”. It is a highly unsustainable budget.

      One, the government has to borrow for financing even routine expenditure.

      Two, it is not likely that the government’s revenue will improve given low capital expenditure so that it can bridge the budgetary gap in future.

      Three, while fiscal deficit is desirable in developing countries, what is even more important is where is the borrowed money being used. As it is used mainly to finance revenue deficit, it is highly undesirable.

      Public finance will spiral down to unmanageable levels and lead to failure of public finance management system.

      Statement 4 mentions a balanced budget with no revenue surplus, meaning both fiscal and revenue deficit is zero. The capital expenditure is low probably because capital receipts are low. While this situation is not highly desirable for a developing economy, it is certainly more sustainable than Statement 2.

      So, statement 4 will be preferred over statement 2.

  28. @insightsprelimstestseries:disqus

    quest 61

    Affects of Taxes by govt on the standard of living is ..questionable because the term standard of living is itself contextual …. it differs from person to person …… I have been taxed 30% by govt instead of 25% that doesn’t means I will not consume certain services which I used to consume earlier …. It not like M.Ramesh Singh said ….n we should follow his foot prints

    1. Standard of living is directly related to cost of living which is measured by purchasing power. So with less money to spend, as a result of high tax, lesser purchasing power and hence lower cost of living.

  29. Insights,
    I can’t access the insights prelims test series.. I subscribed and paid for it long back.
    Please look into it.

    1. Dear, did you get an Instamojo ID? If yes, you should have been automatically redirected to the login page. If no, the payment may not have been successful. Please verify this with the Instamojo team and info@insightsias.com. Thank you.

      1. Insights,
        I am now able to take the tests. I thoroughly appreciate your quick response.
        Thank you so much.

    2. Insights,
      Payment ID:MOJO6319000J36086479
      Is this the ID you are talking about??
      I got the amount deducted from the account, account,still can’t access the test series.
      Can you please help??

    1. Hey, is it the 25th Chapter of old edition Ramesh Singh book ? Because in new one, two chapters i.e 23, 24 are MCQs, Model Questions …Lastly chapter 25 is missing..

  30. Can anyone tell me where I can get the pdf of the 7th edition of Ramesh Singh. A lot of things are redundant in the 5th edition. I am forced to back track it with the economic survey but things are not as lucid in the economic survey.

  31. Q 96. A SEZ is governed by a special set of rules aimed at attracting direct investment for export-oriented production. Consider the following about the rules applicable to Special Economic Zones (SEZs) in India.

    1. Units in SEZs must become net foreign exchange earners within a certain stipulated time.
    2. Domestic sales from units in SEZ are subject to full customs duty and the import policy in force.

    IS statement 2 correct? SEZ’s are supposed to be duty free enclaves!!

    1. SEZs were basically Export Promotion Zones. Hence, they are mainly focused for exports. They are duty free for all trade operations focusing on exports. You can refer to the website of SEZ : http://www.sezindia.nic.in/about-fi.asp

      Also, going logically, if domestic sales were also duty free, the very purpose of focussing on export through SEZs would be lost.

      So, statement 2 is correct

  32. @@insightsprelimstestseries:disqus

    For test 18, the timetable suggests chapters 21 to 25 from Ramesh Singh, but the book has only 21 chapters (the last chapter being Human Development in India); after that the chapters include economic terminologies and practice questions.
    P.S. I am referring to 7th edition of Ramesh Singh

    For test 18 we have to study Bipan Chandra chapters 23 to 27; while the test 19 has chapters 24 to 29. Is there any reason for this overlap, or is this a mistake.

    1. Ramesh Singh: We will covering these 5 chapters.

      21. Preparing for the Demographic Dividend

      22. Human Development in India

      23. Economic Concepts and Terminologies

      24. Selected MCQ’s (Economic and Social Development)

      25. Model Answers to Selected Questions

      Even if you do not have the 6th edition, a go through of the last few chapters (after Environment) of Ramesh Singh will do.

      Bipin Chandra: Some of those chapters are important. We want to cover them twice. It is an intentional overlap. Thank you.

  33. my query is regarding q.3 where you have mentioned that there will be chance of capital loss.According to latest SGB scheme banks are providing fixed returns of 2.5% on our investments.i.e even if the gold prices decline after 8yrs lock in,investors will get 2.5% intt on their investments.hence option shd b 1,3,4.

    1. Dear, the 3rd statement is “The investor is assured of a fixed return at maturity of the bond even if the market price of gold declines.”

      This statement is incorrect as at maturity the investor will get the equivalent rupee value of the quantum of gold invested at the then prevailing price of gold. This is in addition to the 2.5% per annum fixed interest that the investor receives.

      So, there can be a capital loss if the value of gold declines. Answer C is correct.

  34. Q59 How do external grants affect money suppy. They do not enter the market directly and are generally routed via the Govt hence it is the perogative of the Govt whether to increase money suppy using GRANts!!

    Q68 Reserve money – should have Forex + Gold + SDR ( How can loans to GOvt act as reserves in a BOP Crisis ) ???

    Q97 It gave powers to GOvt act workers and Union in particular — should be B

    1. Foreign exchange, Gold and SDR is not reserve money, it is Forex Reserve. Please read the explanations carefully for Q68 and Q97.

      59. External grants will be utilizes someday by the government else there is no utility of the grant. It will surely increase money supply, the only question is when. Please try avoiding unnecessary complications. It may cost in UPSC Prelims. 🙂

  35. @insightsprelimstestseries:disqus
    Q8 In case of legislative council, to be qualified for the governor’s nomination, the person must be a resident in the concerned state. There would have been option 2 and 3 correct. Kindly suggest

    Q16 Disputes relating to the election of members of Parliament and state legislatures. Should it not be first questioned with concerned election commissioner or with the subordinate court which has jurisdiction over that constituency?

    1. 8. Yes, it is a typo. Option (c) is actually 2 and 3 only, instead of “3 only”.

      16. No. This power is vested only in the High Courts and Supreme Court. The Election Commission is consulted in matters of disqualification of MPs and MLAs. It does not act as a court or petitioning authority.

      Many assembly constituencies encompass areas larger than the jurisdiction of subordinate courts (e.g. a district). Moreover, given the importance of national and state level election and representatives, it is reasonable to vest this power in Higher courts only.

      1. question 8:
        statement 2: it does not specifically talk (for cases of legislative council – we are assuming it to be for legislative council based on the syllabus of the test) –
        by just reading the statement – it seems it is for the “governors” office – and for that there is no condition for being a resident of the concerned state

        Hence it should be 3 only. Please correct me if im wrong 🙂

        1. We should have added “legislative council” in the question.

          But, the term “Governor’s nomination” does not mean running for the Governor’s office. It means Governor is nominating someone. 🙂

    2. question 8:

      statement 2: it does not specifically talk (for cases of legislative council – we are assuming it to be for legislative council based on the syllabus of the test) –

      by just reading the statement – it seems it is for the “governors” office – and for that there is no condition for being a resident of the concerned state

      Hence it should be 3 only. Please correct me if im wrong :))

  36. Q92. Is the first statement “Financial assistance will be provided for construction of pucca houses to all homeless people.” correct?

  37. Hi Insights

    Q 43 : Ramesh singh 15.6 says foreign invest comes under current account
    But your explaination says otherwise

    Please explain

    Q 68 : NCERT and Mrunal have different explanations for Reserve Money

    Please provide a clarity on this

    1. As per Ramesh Singh “foreign investment in shares” is a part of current account. He actually meant by this receipts or payments of interest and dividends on foreign investment (in shares, bonds etc.).

      FDI and FII come under capital account. The explanation provided is correct.

  38. Insights,
    Please specify the chapters that are to be done from Pratap Bhanu Mehta’s book for test 18.
    Thank you.

      1. Sir, for mains, can you specify the chapters. Also the mains questions for the last two tests haven’t been posted.

  39. Hi INSIGHTS

    I am a bit late here on this forum! I have recently started to take this test series and I have one question. in the schedule it has been mentioned that we must prepare some chapters from Plassey to partition, some from Bipin Chandra and some from Sumit sarkar. Do I have to read any one of them or all of them?

    PS: I know I sound a little paranoid and tensed but hearing it from people who are preparing the question papers would help me.

    Thanks! 😀

      1. @Insights Prelims Test Series

        15. Other than equity oriented mutual funds , where else is STT applicable?

        100. Wanted to know the source for saying that Indian flag was unfurled for the first time in 1929.

        Please reply. Thankyou.

          1. @insightsprelimstestseries:disqus
            Sir,

            Q.68: what is the difference between ‘RBI’s net credit to the Banks’ and ‘RBI’s net credit to the commercial banks’

            Q95: does the chairperson of PRIs appointed by Governor?

            please reply. thank you

          2. https://en.wikipedia.org/wiki/Securities_Transaction_Tax

            Scope of STT
            According to the Securities Contracts (Regulation) Act, 1956, STT would be applicable on following securities:

            Shares, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate

            pls clarify .

            in pdf u hv said it is not applicable in case of preference shares, bonds, debentures, currency derivatives etc.

            the only difference btw ur statement n one in wiki is the word preference .

          3. Dear Insights,

            Q 15–Can you please clear the confusion regarding STT. Wiki page says that it is applicable to Govt securities of equity nature too. Also, it is applicable to debentures, debenture stock etc too.

  40. @Insights Prelims Test Series

    15. Other than equity oriented mutual funds , where else is STT applicable?

    100. Wanted to know the source for saying that Indian flag was unfurled for the first time in 1929.

    Please reply. Thankyou.

  41. @insightsprelimstestseries:disqus

    DEAR INSIGHTS,I HAVE 5th edition of INDIAN ECONOMY BY RAMESH SINGH.SHOULD I BUY LATEST EDITION???PLZ CLARIFY

    1. Ramesh Singh: We will covering these 5 chapters.

      21. Preparing for the Demographic Dividend

      22. Human Development in India

      23. Economic Concepts and Terminologies

      24. Selected MCQ’s (Economic and Social Development)

      25. Model Answers to Selected Questions

      Even if you do not have the 6th edition, a go through of the last few chapters (after Environment) of Ramesh Singh will do.

  42. Hello sir/madam,
    1.What is negative trade balance?How currency devaluation depend on BOP and trade balance?
    2. What are fifth schedule areas?
    Please explain and thanks in advance.

  43. In Q.77, with reference to “The Electricity Act, 2003 does away with the requirement of Approval / clearance of any authority for setting up a captive generating plant.” Is the environmental clearance not needed? The following link suggests that it is needed from State government. Please clarify.
    http://www.moef.nic.in/divisions/iass/notif/tppdel.htm

  44. Q.44 Statement 4 is no where explicitly mentioned in your explanation. From which point is it inferred? Please clarify.

    1. It had been left out in the explanation since it was explicit. Commercial use of biodiversity requires approval from NBA is a correct statement. You may read it here http://nbaindia.org/ 🙂

  45. @insightsprelimstestseries:disqus with reference to Q99, what is difference between sterilization and OMO. I think OMO is a kind of sterilization. Can you please clarify if i am wrong. Thanks!

    1. Yes, sterilization is achieved via OMOs. OMOs can be used to reduce either domestic money supply or sterilize foreign capital flows. We wouldn’t say OMO is a kind of sterilization, rather a tool for it. RBI can find many ways to sterilize foreign capital inflows other than OMOs. 🙂

  46. @insightsprelimstestseries:disqus
    Q34. Surplus forex reserves if used for lending, then this will be shown as capital account expenditure and intrest as revenue account income… So, how can we say that it will lead to FC? Infact, in the lending year, fiscal deficit will increase..
    Pls explain

    1. The forex reserves are lying idle. They do not form part of the annual budget either as capital receipts or anything. Also, repayment of loan comes under capital expenditure, not giving loans. So, the lending will not show up on the capital expenditure side. 🙂

      If we lend forex in the international market, the interest earned from them will form a part of the revenue receipts in the annual budget reducing the size of fiscal deficit.

      1. @insightsprelimstestseries:disqus But is it good for a developing country India to use forex reserve in lending as they are the indicator of stable economy and can be used to stabilize rupee against dollar..

        1. Forex operations are limited to around $10-20 billion. In situations of crisis, interventions ma go upto $50 billion. But still we have more than $300 billion left.

          Forex doesn’t indicate a stable economy, it only represents how well a BoP crisis can be dealt with.

          Since they a idle, they can be employed in infrastructure projects. Some south-east Asian countries practice this.

          1. 34 Fiscal consolidation has been a priority for the government. Which of the following will lead to fiscal consolidation?
            1. Disinvestment of selected PSUs
            2. Allowing State governments to go for market borrowing for their plan expenditure
            3. Surplus forex reserves to be used in external lending
            4. Cutting down the wasteful subsidies

            You are talking about fiscal consolidation in general – Not just for Union Govt (Its not explicitly mentioned)

            So 2 wouldn’t be right as it will encourage States to have larger fiscal deficits.

            No? 🙂

        1. Forex reserves as such would not be shown directly in the Budget. They are not capital expenditure as they are not repayments of previously taken loans. Forex reserves is not government owned money.

          However, the interest earned from lending Forex would show up in the Revenue Receipts section.

  47. @Insights Prelims Test Series
    Q28 . Statement 2.. There are certain provisions in the act that are compulsory and do not depend on state legislature..How can it be said that state legislature can make provisions in all election matters.. For example, election every 5yr term.. this is not dependent on state decisions.. it is compulsory.
    Kindly explain

    1. The 73rd amendment act says, “Subject to the provisions of this Constitution, the Legislature of a State may, by law, make provision with respect to all matters relating to, or in connection with, elections to the Panchayats.” We should have added the phrase “subject to constitutional provisions” in the question statement to make things clearer. Thank you.

  48. @Insights Prelims Test Series

    Q75.. RTE ACT : There is a provision to establish residential facilities in sparsely populated or hilly and difficult geographical terrains..
    As per IYB, it is transport facility not residential facility.. So Statement 2 should be wrong. Please check

    1. that is correct…
      check out page 268 under the heading “Residential Facilities”.

      I have a doubt if you know pls explain:
      Q68. what is the difference between ‘RBI’s net credit to the Banks’ and ‘RBI’s net credit to the commercial banks’
      Thank you

  49. @@insightsprelimstestseries:disqus
    Q 92.. Explanation says 1 crore households.. Statement in question says to all homeless.. shouldnt stmt1 be wrong??

    1. 92. 1 crore houses will be constructed over the period of 3 years from 2016-17 to 2018-19. The housing scheme will run in three phases till 2022. All homeless will be covered in the scheme by the year 2022. 🙂

  50. @insightsprelimstestseries:disqus Dear insightsias team please start GS-2 (CSAT) initiative. we are keenly waiting for the CSAT initiative.

    thank you Insightsias.

  51. Guys, might be a premature statement.. Is it true that the reports of Baswan Committee, CSE- 17 will NOT contain optional paper…??

  52. @insightsprelimstestseries:disqus
    can i give these tests after this year at anytime?because i am thinking to prepare for ssc…

  53. @insightsprelimstestseries:disqus
    Dear insights,I don’t want to give the remaining 29tests….can you refund the appropriate fees?It will be very helpful to me…Plz reply

  54. @insightsprelimstestseries:disqus
    DEAR INSIGHTS,
    Actually I am in a big dilemma….I want to secure a government job within 1 year…2 years for securing a government job is a deadline.. I am unable to prepare for the IAS exam even properly…I am thinking that I have decided the wrong goal..ssc will be easier than IAS exam…It will suit my capability…I have the problem of anxiety also….regular study for long hours is a big challenge to me..I have done B.A. from social science…I am not giving tests because of poor test preparation….I am not also very strong financially…so this is my real problem…I hope that you will understand my problem…Plz help me

  55. can any one post the content page of public institutions in india performance and design …i just want to know the contets to decide to buy book or not………….

    1. The rejection by the Council and reconsideration by the Assembly goes through the same procedure as in case of an ordinary bill. Ultimately, the council has no power to reject the ordinance, it vests in the assembly only.

        1. It is because both houses approve the ordinance. In order to avoid confusion about statement 3, we avoided giving an option like “2 and 5 only”.

          Similar confusing statements are given by UPSC. So, you should choose the most appropriate option.

          1. Most appropriate option would then exclude statement 3 because after all legislative council could delay the approval process.

  56. q15

    https://en.wikipedia.org/wiki/

    Scope of STT

    According to the Securities Contracts (Regulation) Act, 1956, STT would be applicable on following securities:

    Shares, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate

    pls clarify .

    in pdf u hv said it is not applicable in case of preference shares, bonds, debentures, currency derivatives etc.

    the only difference btw ur statement n one in wiki is the word preference .

  57. can you please tell me where can i buy Environment ICSE book, its not available in the market..

  58. @insightsprelimstestseries:disqus regarding test 17 q-64: ur explanation says if there is fixed exchange rate and independent monetary policy then capital flows cannot be free…….plz can u explain it more broadly

    1. Fixed exchange rate is maintained due to continuous intervention of the Central bank (independent monetary policy) by sterilising foreign capital inflows/outflows. Or, prohibiting capital inflows/outflows to maintain the exchange rate. If such restrictions/interventions are removed, it is not possible to have a fixed exchange rate regime.

  59. @insightsprelimstestseries:disqus q-67 option 3: the fund accrues to public accounts of india……………..but revenue raised from taxes etc are deposited in consolidared fund of india rather than public accounts………….plz clarify…..and provide any other source to the answer if you have

  60. 1.Request to cover geography map related questions and science & tech. part more exhaustively.

  61. Why there was resentment among Indians and national leaders on the passage of the
    Rowlatt Act, 1919?
    1. The acts allowed certain political cases to be tried without juries.

    wording of this option is vague, basically rowlatt act provided for incarceration without trial and not trial without juries. please clarify?
    trial without jury sounds like a trial in court but the chair of judge is vacant..

  62. The 73rd Constitutional Amendment Act
    1. Declares that the validity of any law relating to the delimitation of constituencies
    cannot be questioned in any court.

    above statement is too broad and even includes delimitation for the purpose of parliamentary and legislative elections.

    article 243O states that Notwithstanding anything in this Constitution
    (a) the validity of any law relating to the delimitation of constituencies or the allotment of seats to such constituencies made or purporting to be made under article 243K, shall not be called in question in any court.

    please recheck it and make necessary corrections

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