Current Affairs Sample Practice Paper for IAS (Pre.) 2014 "Test - 2"

1. Which of the following statements are correct in context to Urjit R. Patel committee ?

1. This committee is related to revise and strengthen the monetary policy frame work.
2. The committee recently submitted its report to the Reserve Bank of India Governor.
3. One of the recommendation of the committe says that Reserve Bank of India should adopt a newconsumer price Index.

Code :
(a) 1 and 2
(b) 2 and 3
(c) 1 and 3
(d) 1 , 2 and 3

2. Choose the correct statements about the livelihood mission.

1. This is the scheme of developing skill in village areas.
2. The counting of B.P.L people will be done on the participatory identification (PIP) basis.

(a) Only 1
(b) Only 2
(c) Both 1,2
(d) Not in above two

3. How is the concept of 2nd green revolution differ from 1st green revolution ? Choose correct statement from statement given below.

1. It is bent to use of carbonic fertilizer (khad) in 2 nd green revolution, even in 1st green (khad) revolution, the use of chemical fertilizer was bent.
2. It is more inclusive than 1st green revolution.

(a) Only 1
(b) Only 2
(c) Both
(d) None of the both

4. Choose correct statement about the concept of subsidy based on nutrients.

1. It is started for increasing fertilizing capacity of soil.
2. It is related to goverment's fiscal consolidation policy.
3. In this it is attempted to put Nitrogen, Phosphorus, Potssium in 6:4:2 ratio.

(a) Only 2
(b) Only 1,2
(c) Only 1, 2 & 3
(d) Only 1 & 3

5. Choose correct statement about NABARD.

(a) It is established in 1992 for escaping to farmers from negative empacts of globalization.
(b) NABARD have CRR (Cash Reserve Ratio) of Regional Rural Bank (Kshetriya Gramin Bank).
(c) NABARD got deposite to farmers capital too.
(d) In present, NABARD have a great partnership with agriculture commodity stock exachange named N.C.D.X.

6. Choose correct statment about National Food Security Mission.

1. In this, it is aimed to produce for rice, wheat, lentil 10, 8, 2 million tonn respectively, till 11th five year plan's end.
2. Under this it is aimed to increase crop production by increasing soil's production capacity by technical help to farmers.

(a) Only 1
(b) Only 2
(c) Both 1 & 2
(d) None of the both

7. Choose the correct statements about National Investment and Manufacturing Zones (NIMZ).

1. It has the provision of single window clearance.
2. It is free from capital gain tax.

(a) Only 1
(b) Only 2
(c) Both 1 & 2
(d) None of the both

8. The problem of money laundering is dangerous for our economy along with external and internal security.

By which ways money laundering is done.

1. By Allusion
2. By Bit coin
3. To invest money in real Estate.

(a) Only 1
(b) Only 1, 2
(c) Only 1, 3
(d) 1, 2, & 3

9. The foreign investment in India comes in a large amount from Mauritius What is reason of it ?

(a) Indian gives preference to some countries to take direct foreign investment.
(b) There is double taxation avoiding agreement by India with Mauritius.
(c) Almost citizen of Mauritius have genetic relation with citizens as India.
(d) None of the above .

10. Choose the correct statements from following statement related to the National Food Security Mission.

1. The benefit of Antyoday Anna Yojana will be kept on.
2. The machinery of complain prevention will be established at the stage of block.
3. There is a special provision for women empowerment.

(a) Only 1, 3
(b) 1, 2, 3
(c) Only 2
(d) Only 1, 2

11. Disinvestment of an Enterpries means:-

(a) Control and management of the enterprise remains with the govt.
(b) Control with the private sectore whereas management is given to the govt.
(c) The govt. sells 51% or more shares of a public enterprise to the private shareholders.
(d) Dilution of the stock of the govt.' s stake in a public enterpries.

12. Financial literacy means-

(a) An individual of 7 years and above can read & write financial terms.
(b) An individual of 7 years and above can have financial access.
(c) An individual who is well equipped to make financial decisionds.
(d) Providing financial training to the individuals.

13. Tendulkar Committee's new formula for identifying BPL families included-

1. per capita expediture on commodities.
2. Calories intake
3. Consuption expenditure on health andeducation.

Select the correct code:-
(a) 1 only
(b) 1 & 2 only
(c) Only 3
(d) 1 & 3 only

14. Minimum Support Price (MSP) announced by the government generally means-

(a) The price at which the govt procures the foodgrains for the PDS system.
(b) The price at which govt is ready to purchasse the crop from the farmers directly to maintain FCI godowns.
(c) The price at which govt. is ready to purchase the crop from the farmer directly if crop becomes lower to MSP.
(d) Subsidy being provided by the govt. for agriculture in a financial year.

15. Some emerging economic including India have earned the collective name "Fragile Five" recently.

What does this signify-

(a) A group of five countries is suffering deep malnutrition problem among children.
(b) A group of five countries having energy security as a major challenge.
(c) A group of countries running under balance of payments deficits.
(d) A group of countries having common challenge to secure ecologically fragile areas.

16. The Govt. of India has appointed recently the 14th Finance Commission which has to give its report by October 2014.

Which are the terms of reference of the 14th Finance Commission?

(a) To find out the level of subsidies required for sustainable and inclusive development and how they should be shared between the centre and the states.
(b) To find out a statutory mechanism through which pricing of various public services such as electricity and water can be determined.
(c) Review the state of finance and how fiscal consolidation roadmap can be implemented.

Select the correct code:-
(a) 1 only
(b) 1 & 3 only
(c) 3 only
(d) 1, 2, & 3

17. For the achievement of Inclusive development which are the essential from following

1. Basic essential commodity excess to all
2. Special employment opportunity to people of weaker section
3. Socio-Economic empowerment of SC/ ST, minority, women and children
4. More Public expenditure of on education, Health Housing and food security.

Which of the statement given above is/are
correct?
(a) 1 & 2
(b) 2 & 3
(c) 1, 2 and 3
(d) 1, 2, 3 & 4

18. Which is / are right from following?

1. Gini Cofficient is mathematical measurement of Laurenz Curve.
2. If Gini Cofficient value is one then it show equality in society.
3. If Gini Cofficient valus is zero then it show equality in society.
4. Gini Cofficient utilize for measurement of relative poverty.

Which of the statements given above is/are
correct?
(a) 1, 2 and 3
(b) 2 and 3
(c) 1, 3 and 4
(d) 1, 2, 3 and 4

19. Consider the following statements-Absolute equality line did parity of income.

1. If lorentz curve is near to the absolute equality line then dispartiy of income will be more.
2. It lorentz curve is near to the base line then disparity of income will be less.

Correct statements are
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

20. Which among the following are not related to measurment of pooreness.

1. Lakadawala committe
2. Suresh Tendulkar committee
3. Meera Seth committee

Correct code is-
(a) Only 2
(b) 1 and 2
(c) 2 and 3
(d) 1, 2 and 3

21. Which among the following programmes are helpful in the poverty elimintion.

1. Trickle down theory of economics.
2. Socialist theory of state.
3. Liberal economy of state

Correct Statements are-
(a) 1 and 2
(b) 1 and 3
(c) 2 and 3
(d) 1, 2 and 3

22. Consider the following statements

1. Amartya sen is more focused on human development rather than economic growth.
2. Bhagwati is more focused an economic growth rather than human development.

Correct code are-
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

23. Consider the following statements.

1. Poverty elimination programme is mainly introduced in 5th five year plan.
2. TRYSEM, DWACRA plans are started in sixth five year plan.

Correct Statement are-
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

24. Consider the following statements people participatory Theory.

1. Villagers play major role in the people participatory theory of poverty measurement.
2. In this theory information about the people pick from villagers.

Correct statements is / are
(a) Only 1
(b) Only 2
(c) Both 1 & 2
(d) Neither 1 nor 2

25. Which among the following plans are related of poverty elimination.

1. MNAREGA
2. UJJWALA
3. SWAADHAR

Correct statements is-
(a) Only 1
(b) 1 and 2
(c) 1 and 3
(d) All 1, 2, 3

26. Consider the following statements.

1. MNREGA provides employment for the people of village below poverty line.
2. MNREGA 2.0 is implemented on the recommendation of Shah Commission.

Correct statements is / are-
(a) Only 1
(b) Only 2
(c) 1 and 2
(d) Neither 1 nor 2

27. Consider the following statement-

1. Data related to National income is issues by NSSO.
2. Data related to powerty is issued by CSO.

Correct statement is/are-
(a) Only 1
(b) Only 2
(c) 1 and 2
(d) Neither 1 nor 2

28. Towards the Economic empowerment of the women, which of the following is/are correct regarding Bhartiya Mahila bank.

1. It will provide financial services predominantly to women and women self help group.
2. It will be eagerly run by women.
3. It will focus predominantly urban areas.
4. It will offer special products keeping in view the needs of women enterprice.

Select the correct answer using the code given below.
(a) 1, 2 and 4
(b) 1, 2 and 3
(c) 2, 3 and 4
(d) 1, 2, 3 and 4

29. Which of the following criteria are used by UNDP in calculation of Human Development Index?

1. In Education Index Mean Years of Schooling (MYS) are based on the time  spent by a 5 year old child in school.
2. Income Index is based on PPP (on per capita GDP)

Select the correct answer using the codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

30. Which of the following could be called investment expenditure by a firm?

1. Purchase of new machinery
2. Upgrading existing machinery
3. Building a new production plant
4. Investing surplus profits in shares

Select the correct answer using the codes
(a) 1 and 2 only
(b) 1, 2 and 3 only
(c) 4 only
(d) 1, 2, 3 and 4

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