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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
With reference to Parliamentary Standing Committees consider the following statements:
- Standing Committees are permanent in nature.
- Standing Committees not only supervise the work of various departments but also their budget.
- Members of all the Standing committees are selected from both Houses.
- Public Accounts Committee is an example of Standing Committee.
- Standing Committees are means of parliamentary control over the executive.
Which of the above statements is/are correct?
Correct
Solution: c)
Standing Committees not only supervise the work of various departments but also their budget, their expenditure and bills that come up in the house relating to the department.
It is a permanent and regular committee which is constituted from time to time according to the provisions of an Act of Parliament or Rules of Procedure and Conduct of Business. The work done by the Indian Parliament is not only voluminous but also of a complex nature, hence a good deal of its work is carried out in these Parliamentary Committees. There are two types of Parliamentary Committee, the Standing Committee and the Ad hoc Committee. Public Accounts Committee is an example of Standing Committee. Members of the Standing committees are selected from both Houses, except for Estimates Committee where all the members are from Lok Sabha Only.
Incorrect
Solution: c)
Standing Committees not only supervise the work of various departments but also their budget, their expenditure and bills that come up in the house relating to the department.
It is a permanent and regular committee which is constituted from time to time according to the provisions of an Act of Parliament or Rules of Procedure and Conduct of Business. The work done by the Indian Parliament is not only voluminous but also of a complex nature, hence a good deal of its work is carried out in these Parliamentary Committees. There are two types of Parliamentary Committee, the Standing Committee and the Ad hoc Committee. Public Accounts Committee is an example of Standing Committee. Members of the Standing committees are selected from both Houses, except for Estimates Committee where all the members are from Lok Sabha Only.
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Question 2 of 5
2. Question
Consider the following statements.
- About 95 per cent of iron ore reserves in India is located in the States of Odisha, Jharkhand and Chhattisgarh.
- In Karnataka, iron ore deposits occur in Baba Budan hills and Kudremukh.
- Manganese deposits are mainly associated with Dharwar system.
Which of the above statements is/are correct?
Correct
Solution: a)
About 95 per cent of total reserves of iron ore is located in the States of Odisha, Jharkhand, Chhattisgarh, Karnataka, Goa, Telangana, Andhra Pradesh and Tamil Nadu.
In Karnataka, iron ore deposits occur in Sandur-Hospet area of Ballari district, Baba Budan hills and Kudremukh in Chikkamagaluru district and parts of Shivamogga, Chitradurg and Tumakuru districts.
Manganese deposits are found in almost all geological formations, however, it is mainly associated with Dharwar system. Odisha is the leading producer of Manganese.
Incorrect
Solution: a)
About 95 per cent of total reserves of iron ore is located in the States of Odisha, Jharkhand, Chhattisgarh, Karnataka, Goa, Telangana, Andhra Pradesh and Tamil Nadu.
In Karnataka, iron ore deposits occur in Sandur-Hospet area of Ballari district, Baba Budan hills and Kudremukh in Chikkamagaluru district and parts of Shivamogga, Chitradurg and Tumakuru districts.
Manganese deposits are found in almost all geological formations, however, it is mainly associated with Dharwar system. Odisha is the leading producer of Manganese.
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Question 3 of 5
3. Question
Revenue receipts of the government do not include which of the following?
- Income of PSUs
- Taxes imposed on goods imported into and exported out of India
- Profits on investments made by government
Select the correct answer code:
Correct
Solution: d)
Revenue receipts are divided into tax and non-tax revenues.
Tax revenues consist of the proceeds of taxes and other duties levied by the central government. Tax revenues, an important component of revenue receipts, comprise of direct taxes – which fall directly on individuals (personal income tax) and firms (corporation tax), and indirect taxes like excise taxes (duties levied on goods produced within the country), customs duties (taxes imposed on goods imported into and exported out of India) and service tax.
Non-tax revenue of the central government mainly consists of interest receipts (on account of loans by the central government which constitutes the single largest item of non-tax revenue), dividends and profits on investments made by the government, fees and other receipts for services rendered by the government. Cash grants-in-aid from foreign countries and international organisations are also included.
Incorrect
Solution: d)
Revenue receipts are divided into tax and non-tax revenues.
Tax revenues consist of the proceeds of taxes and other duties levied by the central government. Tax revenues, an important component of revenue receipts, comprise of direct taxes – which fall directly on individuals (personal income tax) and firms (corporation tax), and indirect taxes like excise taxes (duties levied on goods produced within the country), customs duties (taxes imposed on goods imported into and exported out of India) and service tax.
Non-tax revenue of the central government mainly consists of interest receipts (on account of loans by the central government which constitutes the single largest item of non-tax revenue), dividends and profits on investments made by the government, fees and other receipts for services rendered by the government. Cash grants-in-aid from foreign countries and international organisations are also included.
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Question 4 of 5
4. Question
Consider the following statements.
- Decline in forest cover can lead to Nutrient depletion like phosphorus and nitrogen in the soil.
- Increase in salinity in the soil can lead to change in the Plant Species Distribution in the region.
Which of the above statements is/are correct?
Correct
Solution: c)
Increasing anthropogenic activities along with natural stresses have led to massive degradation of one of India’s World Heritage Site — the Sunderbans.
Nutrient depletion especially phosphorus and nitrogen was found to be directly connected with the decline in forest cover.
There was a change in the species distribution — salt-sensitive ones such as Heriteira fomes, Xylocarpus species and Phoenix paludosa were not able to cope up with the increase in the salinity and declined while the tolerant varieties thrived.
Incorrect
Solution: c)
Increasing anthropogenic activities along with natural stresses have led to massive degradation of one of India’s World Heritage Site — the Sunderbans.
Nutrient depletion especially phosphorus and nitrogen was found to be directly connected with the decline in forest cover.
There was a change in the species distribution — salt-sensitive ones such as Heriteira fomes, Xylocarpus species and Phoenix paludosa were not able to cope up with the increase in the salinity and declined while the tolerant varieties thrived.
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Question 5 of 5
5. Question
Consider the following statements regarding Hedge Funds.
- Hedge funds are included in the category of Alternative Investment Fund (AIF).
- These funds are not regulated by SEBI.
Which of the above statements is/are incorrect?
Correct
Solution: b)
Hedge funds are included under Category III Alternative Investment Fund (AIFs). These are regulated by SEBI.
Incorrect
Solution: b)
Hedge funds are included under Category III Alternative Investment Fund (AIFs). These are regulated by SEBI.
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