Daily Questions Challenge for IAS PRE (CSAT) Exam (06 August 2015)

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1. Consider the following statements.

1) SARFAESI (Securitization & Reconstruction of Financial Assets & enforcement of Security Interest Act (2002) has given unprecedented powers to banks, financial institutions & asset reconstruction securitization companies to take over management control of a loan defaulter or even capture its assets.

2) GARR (General Anti Avoidance rule) is related to curb black money.

Which of the above statements is / are true

(a) 1 only
(b) 2 only
(c) Neither 1 nor 2
(d) Both 1 & 2

2. Consider the following statements.

1) The idea to create this super regulatory body was first mooted by Raghu- Ram Rajan & Deepak Parekh Committee.
2) This body is seen as an India's initiative to be better prepared to prevent recession in future.
3) Union Finance Minister will be the chairperson of this body.

Above statements are related to which body

(a) FRBM
(b) GARR
(c) FSDC
(d) IRDA

3. Consider the following statements about Multidimensional Poverty Index.

1) The MPI was created for the 20th Anniversary edition of the UNDP Human Development Report & uses different factors to determine poverty beyond income based estimation.
2) MPI has three dimension, health, eduction & standard of living.
3) India is poorest in South Asia after Afghanistan, according to the Multidimensional Poverty Index (MPI) 2014.

Which of the above statements is / are true.

(a) All of the above
(b) 1 only
(c) 1 & 2
(d) 2 & 3

4. Consider the following statements about Global Innovation Index.

1) Global Innovation Index is a barometer of the countries’ wealth, knowledge & competitiveness.
2) The annual rankings are jointly published by Cornell University, INSEAD, and the World Intellectual Property Organisation.
3) India is the worst performer among BRICS nations, according to the Global Innovation Index (GII) survey for 2014.

Which of the above statements is / are true.

(a) 2 & 3
(b) 1 & 2
(c) 1 & 3
(d) All the above

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:: CSAT (Paper -2) ::

1. The electricity bill of a certain establishment is partly fixed and partly varies as the number of units of electricity consumed. When in a certain month 540 units are consumed, the bill is Rs 1800. In another month 620 units are consumed and the bill is Rs 2040. In yet another month 500 units are consumed. The bill for that month would be:

(a) Rs 1605
(b) Rs 1680
(c) Rs 1840
(d) Rs 2050

2. The ratio between numbers is 12: 13. If each number is reduced by 20, the ratio becomes 2 : 3. Find the numbers

(a) 24, 26
(b) 36, 39
(c) 48, 52
(d) 60, 65

3. If a : b = 3 : 4, then (7a + 3b) : (7a – 3b) is equal to

(a) 05:02
(b) 04:03
(c) 11:03
(d) 37:19

4. What number should be subtracted from each of the numbers 75, 85, 89 and 101. So, that the remainders may be proportional ?

(a) 5
(b) 2
(c) 6
(d) 4

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