UPSC CSE PRELIMS 2020 STUDY PLAN – DAY 110

prelims 2020

UPSC CSE PRELIMS 2020 STUDY PLAN – DAY 110

TOPICS TO BE COMPLETED TODAY

HEADING

day 110

UPSC PRELIMS 2020 STUDY PLAN  (Click Here For Full Timetable)

 

VALUE ADDED NOTES  (SAMPLE)

ECONOMIC ISSUES

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MOCK PRELIMS QUIZ ON TODAY’S TOPIC

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Current events of National and International Issues – Day 110 Quiz (Click Here)

 

QUIZ QUESTIONS 

1. Consider the following statement about World Economic Situation and Prospects Report

  1. World Economic Situation and Prospects Report produced annually by the UN Department of Economic and Social Affairs (DESA), the UN Conference on Trade and Development (UNCTAD) and the five UN regional commissions on global economic trend.
  2. According to 2019 report Global growth is expected to remain at 3.0 per cent in 2019 and 2020,
  3. According to 2019 report the East and South Asia regions show relatively strong growth trajectory among the developing economies

Which of the following statements are correct

  • a. 1 and 3
  • b. 2 and 3
  • c. None of the above
  • d. All of the above

 

2. Consider the following statement with reference to finance commission

  1. The Finance Commission is a constitutional body appointed every three years by president and consists of a chairman and four other members
  2. 15th finance commission is setup under the chairmanship of vijay kelkar to advise on the basis of Terms of reference (TOR).
  3. The 15th Finance Commission (FC) will be using data from 2001 census for the devolution of taxes.

Which of the following statements are correct

  • a. 3 only
  • b. 2 and 3
  • c. 1 and 2
  • d. None of the above

 

3. Consider the following statements with regards to Wholesale Price Index;

  1. It is computed by Office of the Economic Advisor (OEA), Department of Industrial Policy and Promotion.
  2. WPI does not cover services.
  3. Price volatility of fuel affects WPI as well.

Which of the statement(s) given above is/are correct?

  • a. 1 and 2
  • b. 1 and 3
  • c. 2 and 3
  • d. All of the above

 

4. Generalised System of Preferences (GSP) recently in news is related to which of the following;

  1. The Generalized System of Preferences (GSP) is a US trade program.
  2. It is designed to promote economic growth in the developing world by providing preferential duty-free entry for certain products.
  3. India is the largest beneficiary of the GSP.

Which of the statement(s) given above is/are correct?

  • a. 1 and 2 only
  • b. 1 and 3 only
  • c. 2 and 3 only
  • d. All of the above

 

5. Consider the following statements about Zero Defect and Zero Effect (ZED) scheme.

  1. Zero Defect and Zero Effect (ZED) scheme is for manufacturing amongst micro, small and medium enterprises (MSMEs) only.
  2. Quality Council of India (QCI) is the National Monitoring & Implementing Unit (NMIU) for implementation of ZED.

Which of the above statements is/are correct?

  • a. 1 only
  • b. 2 only
  • c. Both
  • d. None

 

6. One of the methods of Money Laundering is ‘Round Tripping’. Which of the following statements regarding ‘Round Tripping’ are correct?

  1. Round Tripping refers to a practice of selling an unused asset to another company while agreeing to buy back the same asset for about the same price.
  2. Round-trip trading artificially inflates volume and revenues, and adds to large profits.

Select the code from the following:

  • a. 1 Only
  • b. 2 Only
  • c. Both 1 and 2
  • d. Neither 1 nor 2

 

7. Which of the following statements correctly explains the term ‘Oligopoly’?
  • a. A market condition where only one firm dominates the market.
  • b. A state of limited competition, in which a market is shared by a small number of producers or sellers.
  • c. A state of ideal completion with a number of firms with similar production capacity.
  • d. A market where firms have made a group to control the prices.

 

8. Consider the following statements with respect to ‘Department of Management, Strategy, Policy and Compliance (DMSPC)’

  1. It aims to provide strategic policy leadership in all areas of management through a clear, integrated global management strategy and policy framework.
  2. It will represent the Secretary-General in the relevant intergovernmental/interagency bodies and staff-management mechanisms.

Select the correct code:

  • a. 1 Only
  • b. 2 Only
  • c. Both 1 and 2
  • d. Neither 1 nor 2

 

9. ‘Gross Domestic Knowledge Product (GDKP)’ is based on which of the following pillars?

  1. Country’s Knowledge Producing Matrix
  2. Country’s Knowledge User Matrix
  3. Cost of Individual Learning

Select the correct code:

  • a. 1 and 2
  • b. 2 and 3
  • c. 1 and 3
  • d. All of the above

 

10. Consider the following statements with respect to ‘Tax Inspectors Without Borders (TIWB)’

  1. It is an initiative by the World Customs Organization (WCO)
  2. It supports countries in building tax audit capacity

Select the correct statements

  • a. 1 Only
  • b. 2 Only
  • c. Both 1 and 2
  • d. Neither 1 nor 2

 

11. The ‘World Investment Report’ is published by
  • a. World Economic Forum (WEF)
  • b. World Trade Organisation (WTO)
  • c. United Nations Conference on Trade and Development (UNCTAD)
  • d. International Monetary Fund (IMF)

 

12. Consider the following statements with respect to ‘Mahila Samridhi Yojana’

  1. It is implemented through National Minorities Development & Finance Corporation (NMDFC)
  2. Under this scheme Government provides microfinance to women entrepreneur belonging to the backward classes

Select the correct statements

  • a. 1 only
  • b. 2 only
  • c. Both 1 and 2
  • d. None

 

13. Consider the following statement with regard to PM-KISAAN

  1. The government has defined a small and marginal landholder family as the one who collectively own cultivable land up to 2 hectares as per the land records of the concerned states.
  2. Under the scheme, a direct income support of Rs 6,000 will be provided to small and marginalised farmers before each cropping season

Choose the correct option

  • a. 1 only
  • b. 2 only
  • c. Booth 1 and 2
  • d. Neither 1 nor 2

 

14. Consider the following statements on periodic labour force survey (PLFS):

  1. It was launched by Ministry of labour in April 2017 to generate quarterly reports on the urban labour market situation.
  2. It supplies data for both the formal and informal sector.
  3. It supersedes the earlier system where data was available only every five years.

Which of the statements given above is/are correct?

  • a. 1 and 2 only
  • b. 2 and 3 only
  • c. 1 and 3 only
  • d. 1, 2 and 3

 

15. Credit Linked Capital Subsidy Scheme aims to facilitate technology up-gradation for.

  1. Micro Enterprises
  2. Small Enterprises
  3. Medium Enterprises

Select the correct code:

  • a. 1 only
  • b. 1 and 2
  • c. 1, 2, 3
  • d. None

 

16. Pradhan Mantri Awas Yojana – Urban seeks to address the housing requirement of urban poor through which of the following programme verticals?

  1. Slum rehabilitation with participation of private developers.
  2. Promotion of Affordable Housing for weaker section through grants.
  3. Subsidy for beneficiary-led individual house construction /enhancement.

Which of the above statements is/are correct?

  • a. 1, 2
  • b. 2, 3
  • c. 1, 3
  • d. 1, 2, 3

 

17. Consider the following statements about New e-commerce policy and identify the incorrect statement:
  • a. It has come into effect for India starting January 1, 2019.
  • b. It bars online retailers from selling products through vendors in which they have an equity interest.
  • c. It disallows e-commerce players to control the inventory of the vendors.
  • d. None of the above

 

18. Consider the following statements about “RBI restructuring package”:

  1.  It is a strategy to reduce the rising NPAs.
  2.  The facility is available for standard advances of up to Rs 25 crore only.

Which of the statements given above is/are correct?

  • a. 1 only
  • b. 2 only
  • c. Both 1 and 2
  • d. Neither 1 nor 2

 

19. Consider the following statements about “circular economy” and identify the incorrect statement:
  • a. The circular economy follows the principle of preservation and enhancement of natural capital.
  • b. Circular economy has the potential to increase productivity and create jobs.
  • c. It works by extending product life span through improved design and servicing
  • d. The theme of this year’s National Productivity Day which is observed by NITI Aayog is based on circular economy.

 

20. Consider the following statements about “KUSUM” scheme:

  1.  It aims to promote use of solar energy among the farmers.
  2.  The scheme has been implemented by the Gujarat Government.
  3.  It aims at promoting decentralised solar power production

Which of the statements given above is/are correct?

  • a. 1 only
  • b. 1 and 3 only
  • c. 2 and 3 only
  • d. 2 only

 

21. Consider the following statements about “Pradhan Mantri Shram-Yogi Maandhan Yojana”:

  1.  It is a scheme for the unorganised sector workers with monthly income upto Rs 15,000.
  2.  A sum of Rs 5000 crore has been allocated for the Scheme.
  3.  This scheme shall provide an assured monthly pension of Rs 3,000 from the age of 60 years

Which of the statements given above is/are correct?

  • a. 1 only
  • b. 1 and 3 only
  • c. 2 and 3 only
  • d. 2 only

 

22. Consider the following statements about “Jan Shikshan Sansthans” (JSS):

  1.  Jan Shikshan Sansthan was transferred to the Ministry of Skill Development & Entrepreneurship in 2018.
  2.  They were established to provide vocational training to non-literate, neo-literate, as well as school dropouts

Which of the statements given above is/are correct?

  • a. 1 only
  • b. 2 only
  • c. Both 1 and 2
  • d. Neither 1 nor 2

 

23. Consider the following statements about Input Tax Credit (ITC):

  1.  It is the tax that a business pays on a purchase
  2.  Using ITC, business can reduce their tax liability when they make a sale.
  3.  ITC can also be claimed for personal use

Which of the statements given above is/are correct?

  • a. 1 only
  • b. 1 and 2 only
  • c. 2 and 3 only
  • d. All

 

24. Consider the following statements about FAME-India Scheme

  1. Department of Heavy Industry is implementing FAME-India Scheme.
  2. It was launched under National Electric Mobility Mission (NEMM).
  3. Commercial vehicles and buses are not covered under the scheme.

Which of the above statements is/are correct?

  • a. 1, 2
  • b. 1, 3
  • c. 2, 3
  • d. 1, 2, 3

 

25. Consider the following statements about Power Grid Corporation of India Limited.

  1. It is the ‘Central Transmission Utility (CTU)’ of the country under Ministry of Power.
  2. POWERGRID has completed the NKN (National Knowledge Network) project of Government of India.
  3. It is one of the implementing agencies for BharatNet project.
  4. It has an active role in formation of SAARC grid.

Which of the above statements is/are correct?

  • a. 1, 3, 4
  • b. 1, 2, 3
  • c. 2, 3, 4
  • d. 1, 2, 3, 4

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