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Introducing yet another ingenious course, InsightsIAS is excited to announce our new initiative QUED – Questions from Editorials. Considering the number of questions that appeared from Editorials in previous year UPSC Prelims Examinations, we feel it is wise for students to cover Editorials from Prelims point of view as well in order to achieve that extra edge. Although, we have covered important editorials separately in our Editorial Section as well as under Secure Initiative, MCQ practice can prove to be crucial for better performance and guaranteed result.
We strongly recommend you at add QUED along with Static Quiz ,Current Affairs Quiz and RTM for your Daily MCQ practice.
We will be posting 5 MCQs at 11am everyday from Monday to Saturday on http://www.insightsonindia.com. QUED will be available under QUIZ menu.
We hope students utilize this initiative to the best of advantage. 🙂
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Question 1 of 5
1. Question
Among the following Acts, an Enforcement Directorate (ED) in India will be most concerned with
Correct
Solution: c)
Enforcement Directorate (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India. It is part of the Department of Revenue, Ministry of Finance.
The prime objective of the Enforcement Directorate is the enforcement of two key Acts- the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Laundering Act 2002 (PMLA).
Incorrect
Solution: c)
Enforcement Directorate (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India. It is part of the Department of Revenue, Ministry of Finance.
The prime objective of the Enforcement Directorate is the enforcement of two key Acts- the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Laundering Act 2002 (PMLA).
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Question 2 of 5
2. Question
Which of the following are the disputed regions between Indian and Nepal?
- Limpiyadhura
- Susta
- Galwan Valley
- Kalapani
Select the correct answer code:
Correct
Solution: b)
Disputed area between Indian and Nepal — Lipulekh, Kalapani, Limpiyadhura, Susta, Mechi, and Tanakpur.
Galwan Valley is disputed region between India and China.
Incorrect
Solution: b)
Disputed area between Indian and Nepal — Lipulekh, Kalapani, Limpiyadhura, Susta, Mechi, and Tanakpur.
Galwan Valley is disputed region between India and China.
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Question 3 of 5
3. Question
Consider the following statements.
- Reservation in Indian law is a form of affirmative action whereby a percentage of seats are reserved in the public sector units, union and state government departments and religious/ linguistic minority educational institutions for the socially and educationally backward communities.
- Justice G. Rohini Commission’s report is related to the issue of sub-categorization of OBCs.
Which of the above statements is/are incorrect?
Correct
Solution: a)
Reservation in Indian law is a form of affirmative action whereby a percentage of seats are reserved in the public sector units, union and state civil services, union and state government departments and in all public and private educational institutions, except in the religious/ linguistic minority educational institutions, for the socially and educationally backward communities who are inadequately represented in these services and institutions.
Justice G. Rohini Committee was set up to examine the possibility of creating categories within OBCs for the reservation to ensure “equitable distribution” of representation among all OBC communities. Its objectives include working out a mechanism, criteria, norm and parameters through a scientific approach for sub-categorisation within the OBCs and identifying the respective castes or communities or sub-castes or synonyms in the Central List of OBCs and classifying them into their respective sub-categories.
Part XVI deals with reservation of SC and ST in Central and State legislatures.
Article 15(4) and 16(4) of the Constitution enabled the State and Central Governments to reserve seats in government services for the members of the SC and ST.
Incorrect
Solution: a)
Reservation in Indian law is a form of affirmative action whereby a percentage of seats are reserved in the public sector units, union and state civil services, union and state government departments and in all public and private educational institutions, except in the religious/ linguistic minority educational institutions, for the socially and educationally backward communities who are inadequately represented in these services and institutions.
Justice G. Rohini Committee was set up to examine the possibility of creating categories within OBCs for the reservation to ensure “equitable distribution” of representation among all OBC communities. Its objectives include working out a mechanism, criteria, norm and parameters through a scientific approach for sub-categorisation within the OBCs and identifying the respective castes or communities or sub-castes or synonyms in the Central List of OBCs and classifying them into their respective sub-categories.
Part XVI deals with reservation of SC and ST in Central and State legislatures.
Article 15(4) and 16(4) of the Constitution enabled the State and Central Governments to reserve seats in government services for the members of the SC and ST.
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Question 4 of 5
4. Question
Which among the following is the nodal procurement agency for pulses in India?
Correct
Solution: c)
The National Agricultural Cooperative Marketing Federation of India (NAFED), is the nodal procurement agency for pulses (like Food Corporation of India, or FCI, is for rice and wheat).
Incorrect
Solution: c)
The National Agricultural Cooperative Marketing Federation of India (NAFED), is the nodal procurement agency for pulses (like Food Corporation of India, or FCI, is for rice and wheat).
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Question 5 of 5
5. Question
Consider the following statements.
- In a floating exchange rate system, market forces determine the value of a currency.
- The demand for rupees in the forex market depends on foreign demand for Indian exports.
- Currency appreciation encourages a country’s export activity as its products and services become cheaper to buy.
Which of the above statements is/are correct?
Correct
Solution: a)
In the forex market, the supply of rupees is determined by the demand for imports and various foreign assets. So, if there is high demand to import oil, it can lead to an increase in the supply of rupees in the forex market and cause the rupee’s value to drop. The demand for rupees in the forex market, on the other hand, depends on foreign demand for Indian exports and other domestic assets. So, for instance, when there is great enthusiasm among foreign investors to invest in India, it can lead to an increase in the supply of dollars in the forex market which in turn causes the rupee’s value to rise against the dollar.
Appreciation Vs Depreciation:
- In a floating exchange rate system, market forces (based on demand and supply of a currency) determine the value of a currency.
- Currency Appreciation: It is an increase in the value of one currency in relation to another currency.
- Currencies appreciate against each other for a variety of reasons, including government policy, interest rates, trade balances and business cycles.
- Currency appreciation discourages a country’s export activity as its products and services become costlier to buy.
Incorrect
Solution: a)
In the forex market, the supply of rupees is determined by the demand for imports and various foreign assets. So, if there is high demand to import oil, it can lead to an increase in the supply of rupees in the forex market and cause the rupee’s value to drop. The demand for rupees in the forex market, on the other hand, depends on foreign demand for Indian exports and other domestic assets. So, for instance, when there is great enthusiasm among foreign investors to invest in India, it can lead to an increase in the supply of dollars in the forex market which in turn causes the rupee’s value to rise against the dollar.
Appreciation Vs Depreciation:
- In a floating exchange rate system, market forces (based on demand and supply of a currency) determine the value of a currency.
- Currency Appreciation: It is an increase in the value of one currency in relation to another currency.
- Currencies appreciate against each other for a variety of reasons, including government policy, interest rates, trade balances and business cycles.
- Currency appreciation discourages a country’s export activity as its products and services become costlier to buy.
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