DAY – 42: Insights Self Study Guide for UPSC Prelims + Mains – 2015

Which of the following statements is correct?

With reference to the Hindu Undivided Family (HUF), consider the following statements:

1. HUFis a separate entity that can be created by members of a family, wherein the members are lineal ascendants or descendants
2. Jains and Sikhs can not form HUF
3. The HUF can get a separate PAN card

Which of the above statements is/are correct?

With reference to capital gain, consider the following statements

1. A capital gain is the difference between the purchase price (the basis) and the sale price of an asset
2. Income to foreign portfolio investors arising from transactions in securities is not treated as capital gains to encourage more investment in the country

Which of the above statements is/are correct?

Consider the following statements:

1. In India, the prices of diesel have been deregulated and have become market-determined only at retail level and not at the refinery gate
2. Deregulation of diesel prices is expected to result in better service delivery on account of increased competition

Which of the above statements is/are correct?

Consider the following statements:

1. In the primary market, investors buy securities directly from the company issuing them
2. In the secondary market, investors trade securities among themselves
3. In the secondary market, the company with the security being traded participates in the transaction
4. SEBI regulates both primary and secondary markets

Which of the above statements is/are correct?

Consider the following statements:

1. India’s share in global exports is stuck at one percent since last 4 years
2. Petroleum products is one of the top seven product groups accounting for nearly 80.9 per cent of India’s total exports in 2014-15

Which of the above statements is/are correct?

With reference to the Trade Facilitation Agreement (TFA), which was endorsed by India at the Ninth Ministerial Conference of WTO, consider the following statements:

1. This agreement intends to cut Red-tapism
2. It is aimed at greater transparency and simplification of customs procedures
3. Trade facilitation was put on the agenda mainly by the developing countries

Which of the above statements is are correct?

Neeranchal project launched by the government of India and World Bank aims to

With reference to Deendayal Upadhyaya Gram Jyoti Yojana’ (DDUGJY), consider the following statements:

1. One of its objectives is strengthening and augmentation of sub-transmission and distribution infrastructure in rural areas
2. This scheme has replaced ‘Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY)’

Which of the above statements is/are correct?

Consider the following statements:

1. India’s share in global exports of commercial services stands at 9 percent
2. India’s major services exports in 2013-14 are computer services

Which of the above statements is/are correct?

The ecological overshoot problem refers to

Consider the following statements:

1. India’s contribution to cumulative global CO2 is third highest in the world
2. The sector which has emitted highest CO2 in the world is industries followed by energy supply sector

Which of the above statements is/are correct?