IASbaba Daily Prelims Test [Day 22]

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 IASbaba’s Daily Prelims Test [Day 22]

Topic- Economy/Environment/S&T/Current Affairs

1. Broad money M3, is most commonly used measure of money supply. Which of the following is/are part of broad money?

1. Currency held by the public.
2. Demand deposits of the public held by commercial banks.
3. Interbank demand deposits held by commercial banks.
4. Time deposits of the public held by commercial banks.

Select the correct code from below.

1. 1 and 4 only.
2. 1, 2 and 4 only.
3. 1, 2 and 3 only.
4. Allthe above.

2. Recently RBI revamped “priority sector lending” norms. Which of the following are considered as priority sectors?

1. Micro and small enterprises
2. Medium enterprises
3. Export credit
4. Renewable energy
5. Social infrastructure
6. Personal loans

Select the correct code from below.

1. 1, 2, 4 and 5 only.
2. 1, 2, 3, 5 and 6 only.
3. 1, 2, 3, 4 and 5 only.
4. Allthe above.

3. Consider the following statements regarding Regional Rural Banking.

1. Contribution to the share capital of the RRBs by the ‘sponsored bank’ is 50%.
2. The RRBs are also come under the ambit of priority sector lending.

Which of the above statement/s is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

4. Which of the following statement is not correct regarding Urjit Patel committee recommendations on Monetary Policy Reform?

1. WPI should be used as the nominal anchor for inflation targeting.
2. Administered prices and interest rates should be eliminated.
3. Monetary policy should be decided by a Committee.
4. An independent Debt Management Office (DMO) should be setup.

5. Consider the following statements regarding recently launched MUDRA bank.

1. In lending, MUDRA bank focuses on enterprises set up by the under-privileged sections of the society.
2. MUDRA is setup as a refinance institution.
3. Regulation of micro finance institutions (MFIs) is not the mandate of MUDRA bank.

Which of the above statement/s is/are correct?

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. All the above

6. Consider the following statements regarding Statutory Liquidity Ratio (SLR)?

1. It is the ratio of total deposit of the bank which is kept with RBI.
2. It is maintained in non-cash form.

Which of the above statement/s is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

7. “Chit Fund” is in news because of Saradha Chit Fundscam. Which of the following statement/s is/are correct regarding chit funds in India?

1. Under Chit Funds Act, 1982, chit funds are regulated RBI.
2. FDI is prohibited in chit funds under the Government Route as well as the Automatic Route.
3. Chit fund comes under the Concurrent List of the Indian Constitution.

Select the correct code from below.

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. All the above

8. An advance of banks is considered as Non Performing Asset (NPA) when

1. Interest and/or principal remains overdue for two harvest seasons but for a period not exceeding two-and-a-half years in the case of agricultural loans.
2. Interest and/or principal remain overdue for a period more than 90 days in respect of a term loan.

Select the correct code from below.

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

9.Consider the following statements regarding “small finance banks”.

1. Minimum paid-up capital requirement for setting up small finance bank is Rs.100 crores.
2. Foreign shareholding in small finance bank is not allowed.
3. The small finance banks will be required to extend 75 per cent of its net credit to the priority sector lending (PSL).

Which of the above statement/s is/are correct?

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. All the above

10. Activities of Non Banking Financial Companies (NBFC) are akin to that of banks but there are a few differences. Which of the following are correct regarding NBFCs?

1. NBFC cannot accept demand deposits.
2. Deposit insurance facility is not available to depositors of NBFCs.
3. NBFCs are part of the payment and settlement system.

Select the correct code from below.

1. 2 and 3 only
2. 1 and 3 only
3. 1 and 2 only
4. All the above

Environment/Science and Tech/Current Affairs

11. Recently India launched its first Air Quality Index. What are the chief pollutants under AQI?

1. Ozone
2. Sea Spray
3. Sulphur dioxide
4. Nitrogen dioxide
5. Elementary Carbon

Select the correct code

1. 1, 3, 4 and 5
2. 2, 3, 4 and 5
3. 1, 2, 3, 4 and 5
4. 1, 3 and 4

12. Consider the following regarding ‘Game theory’

1. It’s based on strategic decision making
2. It finds application in psychology, economics, mathematics and biology also.
3. It finds immense potential in Artificial Intelligence

Select the correct code

1. 1 and 3
2. 2 and 3
3. 1 and 2
4. 1, 2 and 3 

13. Addition of which of the following has harmful effect in the process of filtration of water?

1. Silver
2. Titanium Oxide
3. Carbon nanotube

Select the correct code

1. 1 and 2
2. Only 2
3. 1, 2 and 3
4. None

14. Consider the following

1. Isoniazid
2. Ethambutol
3. Streptomycin
4. Fluoroquinolones
5. p-Amino salicylic acid

Which of the above are Second-line anti-Tb drugs?

1. 1, 3, 4 and 5
2. 2 and 3
3. 4 and 5
4. All

15. Consider the following

1. Hay fever
2. Cancer
3. HIV
4. Parkinson’s disease
5. Alzheimer

Which of the above diseases are as a result of inflammation?

1. 2, 4 and 5
2. 1,2,3 and 4
3. 4 and 5 only
4. 1, 2, 4 and 5

16. Which of the following are ‘Raptors’ to be found in India?

1. Forest Owlets
2. Red headed Vulture
3. Long Tailed Macaque
4. Amur Falcons

Select the correct code

1. 1 and 3
2. 1 and 2
3. 2, 3 and 4
4. 1, 2 and 4 

17. Consider the following statements

1. It is a tropical grass which is considered a sacred material in Vedic scriptures and is said to purify the offerings during such rituals.
2. It has been identified as an eco-friendly food preservative.
3. It also acts as disinfectant

Select the correct term for above statements

1. Darbha grass
2. Bamboo grass
3. Bermuda grass
4. Lemon grass

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