INSIGHTS REVISION TEST for Preliminary Exam 2018: Test – 1

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INSIGHTS REVISION TEST for Preliminary Exam 2018: Test – 1

 

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1) Consider the following statements

  1. Any common wealth citizen staying on work permit in United Kingdom, can vote for parliamentary election.
  2. The Labor Party headed by Theresa may emerged as the single largest party in U.K General Election of 2017.

Which of the following statement/s is/are correct?

a) 1 Only

b) 2 Only

c) Both 1 and 2

d) None of the above.


2)Which of the following are CORRECT about World Environment Day

  1. The theme of 2017 was- “Connecting People to Nature”.
  2. Host nation for 2017 was Canada and it will be hosted by India in 2018.

 Which of the following statement/s is/are correct?

a)1 Only

b)2Only

c)Both 1 and 2

d)None of the above.


3)Consider the following statements

    1.India, Pakistan and Afghanistan were admitted as full members of SCO in Ufa Summit-2015.

    2.With full membership, India is likely to get greater access to major gas and oil exploration projects in Central Asia

    3.2017-Summit was held in Astana with theme” One-Belt and one-road (OBOR)-A roadmap to economic Integration”

Which of the following statement/s is/are correct?

a)Both 2 & 3

b)Both 1 & 3

c)2 only

d)Both 1 & 2


 

4)Consider the following statements regarding AFSPA-Armed Forces (Special Powers) Act.

  1. As per provisions, implementation of the act is not subject to judicial review.
  2. Tripura was the first state to revoke AFSPA.

Which of the following statement/s is/are correct?

a) 1Only

b) 2 Only

c)Both 1 and 2

d)None of the above.


5)Consider the following statements regarding GSLV-MKIII.

  1. 2nd stage is powered by Vikas engines with Unsymmetrical dimethyl hydrazine (UDMH) and nitrogen Tetroxide (N2O4 ) as fuel.
  2. The cryogenic Upper stage is powered by CE-2O engine which was indigenously developed ISRO.

Which of the following statement/s is/are correct?

a)1Only

b)2 Only

c)Both 1 and 2

d)None of the above


6)Which of the following seeds is developed by state agricultural universities:

a) Nuclear Seeds

b) Breeder seeds

c) Foundation Seeds

d) Certified Seeds


7) In light of various revolutions in India, which of the following are correctly matched:

  1.Black Revolution : Petroleum

  2.Pink Revolution: Pharmaceuticals

  3.Yellow Revolution: Oil seeds

Select the correct answer using the codes below.

     a)Only 3

     b)1 and 2

     c)2 and 3

     d)1, 2 and 3


8) Consider the following statements:

Assertion (A): Amartya Sen gave the concept of entitlements

Reason (R): He referred to poor having lack of choices and dignity

 

In the context of the above, which of these is correct?

   a) A is correct, and R is an appropriate explanation of A

   b)A is Correct, but R is not an appropriate explanation of A

   c)A is correct, but R is incorrect

   d)Both A and R are incorrect.


9) The 90-90-90 strategy recently unveiled by a UN agency is a campaign to:

a) Combat terrorists groups and terrorism from the world

b) Help end the AIDS epidemic

c) Help in reducing malnutrition cases in developing countries

d) Help end the gender discrimination and promote gender equality.


10) With reference to Global Initiative for Academic Networks (GIAN), consider the following sentences:

    1.It is aimed to address the issue of teacher shortage in centrally recognized Indian institutions.

    2.This program will exclusively focus on science technology and engineering studies

    3.Both international and national teachers will be part of this initiative

Which of the statements mentioned above is/are correct?

(a) 1 only

(b) 1 and 2 only

(c) 2 and 3 only

(d) 1, 2 and 3


11) Match List – I and List – II and select the correct answer from the code given below :

 List – I                                                  List – II

 (Author)                                             (Book)

(A) Gunnar Myrdal                          (1) The rise and fall of nations

(B) Ruchir Sharma                            (2) In Defence of Globalisation

(C) Jagdish Bhagwati                       (3) Capitalism, Socialism and Democracy

(D) Joseph Schumpeter                     (4) Asian Drama

Code :  

(A)          (B)          (C)         (D)

(a)          2              1             3             4

(b)          4              1             2             3

(c)           4              2             1             3

(d)          1               3             2             4


12) MNCs can help the developing countries to:

(1) Obtain foreign technology and innovative methods of increasing productivity

(2) Employ rural unemployed labour

(3) Finance a savings gap or balance of payments deficit

(4) Generate appropriate technology by adapting existing processes

Select the correct answer using the codes below:

a) 1 and 3 only

b) 2 and 3 only

c) 1, 3 and 4 only

d) 1, 2, 3 and 4


 

13) The decoupling of Indian economy from the growth process was a result of

a) Demonetization and GST

b) Rise in interest rates

c) Appreciation of exchange rates and oil prices

d) All of the above


 

14) The economic survey points to the following anomaly

a) Elevated stock prices and bond prices

b) Formalization of work force

c) Expansion of tax base

d) Both A and B


15) Arrange the following in order of their occurrence

a) Recognition, recapitalization, resolution, reforms

b) Recognition, resolution, recapitalization, Reforms

c) Resolution, recapitalization, reforms, recognition

d) Resolution, reforms, recapitalization, recognition


16) The economic survey argues about shift from crony socialism to stigmatized capitalism in what context:

a) Exit problem or the Chakravyuha challenge

b) Willful defaulters

c) Growing Non-performing assets

d) Laggard PSUs


17) The states which are open to trade fare better in terms of GDP. This holds true for both international trade and trade with other states. In light of this statement what do you mean by openness?

a) The ranking of states with respect to trade performance compared to rest of the states

b) Easier norms for doing business and GST

c) Ratio of imports and exports to GDP

d) Development of SEZs


 

18) The performance of Indian Industry is more egalitarian in world trade has a direct corollary that:

a) MSMEs contribute a significant more towards trade as compared to other countries.

b) Top 1% of the firms have a comparatively less share in total exports from India as compared to other countries

c) Large firms don’t control the flow and direction of trade in India

d) All of the Above


19) Which of the following is not true with respect to operation swarn:

 a)It will have effect on punctuality of trains

b)It will lead to faster speeds of trains

c)It will redefine coach interiors

d)It will enhance security and ride quality


20) Consider the following statement:

Assertion (A): The Companies act 2013 provides for an agency for financial reporting

Reason (R):  All charted accountants will be empanelled in NFRA and action can be taken against them

In the context of the above, which of these is correct?

   a) A is correct, and R is an appropriate explanation of A

   b)A is Correct, but R is not an appropriate explanation of A

   c)A is correct, but R is incorrect

   d)Both A and R are incorrect


21) Which of the following is incorrect:

  1. National infrastructure and Investment Fund is India’s first sovereign wealth fund
  2. Finance minister headed council acts like governing body of the fund
  3. It has been registered in SEBI as an alternative investment fund
  4. It has invested in Assets in Education and healthcare as well

Select your answer using the codes below:

a)3 and 4 only

b)Only 3

c)Only 4

d)None of the above


22) Consider the following about Sovereign Gold Bonds:

a) These are exempt from capital gains tax if held till maturity

b) They carry a coupon rate of 2.5%

c) There is no fund management fee

d) All of the above


23) Consider the following statements:

  1. Taking forward the National Intellectual Property Rights (IPR) Policy 2016, a ‘Scheme for IPR Awareness – Creative India; Innovative India’ has been launched by Cell for IPR Promotion and Management (CIPAM) under the aegis of the Department of Industrial Policy and Promotion.
  2. The Scheme aims at raising IPR awareness amongst students, youth, authors, artists, budding inventors and professionals to inspire them to create, innovate and protect their creations and inventions across India including Tier 1, Tier 2, Tier 3 cities as well as rural areas in the next 3 years
  3. The Scheme will conduct over 4000 IPR awareness workshops/seminars in academic institutions and the industry, including MSMEs and Startups, as also IP training and sensitization programmes for enforcement agencies and the judiciary.

Which of the above are correct:

a)Only 1

b)1 and 2 only

c)2 and 3 only

d)1, 2 and 3


24) Under the essential commodities act which of the following is not true:

a) It is a central law but under implementation control of the state

b) The center can only provide for a monitoring mechanism

c) It deals with stocking limits and mandatory levy quota for sugar

d) It has no power to regulate prices of commodities in open market but only to regulate supply


25) Gaon Ki Ore is a campaign aimed at:

a) Encouraging young civil servants to serve in rural areas of the country

b) Encouraging agricultural transformation

c) It is aimed at encouraging steel consumption in rural areas

d) It is for development of villages by IITs and IIMs

 

Meanwhile, please post your scores below.