IASbaba’s Daily Prelims Test [Day 45]

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 IASbaba’s Daily Prelims Test [Day 45]

Topic – Economy – Public Sector, India Year Book and Current Affairs

1. Some of the industries are covered under compulsory licensing under the Industries (Development & Regulation) Act, 1951 which is reviewed on an ongoing basis. Which of the following industries requires compulsory licensing?

1. Distillation and brewing of alcoholic drinks.
2. Drugs and Pharmaceuticals
3. Electronic Aerospace and defense equipment
4. Specified Hazardous chemicals

Select the correct code from below.

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

2. Consider the following statement regarding ‘Disinvestment’.

1. Disinvestment always implies change in management.
2. Privatization is a form of disinvestment.
3. According to present disinvestment policy, Government has to retain management control of the Public Sector Undertakings.

Which of the above statements are correct?

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

3. The industries which are of fundamental importance for the development of other industries are termed as ‘core industries’. Which of the following are considered as core industries?

1. Coal
2. Textiles
3. Crude Oil
4. Natural Gas
5. Petroleum Refinery Products

Select the correct code from below.

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

4. Companies Act, 2013, under section 135 provides for ‘corporate social responsibility (CSR)’. Which of the following expenditure can be considered as CSR?

1. Salaries paid by the companies to regular CSR staff as well as to volunteers.
2. Renewable energy projects.
3. Sponsorships of TV programmes.
4. Donation to IIM, Ahmadabad for conservation of buildings and renovation of classrooms.

Select the correct code from below.

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

5. The Government of India constituted the National Investment Fund (NIF), into which the proceeds from disinvestment of Central Public Sector Enterprises are channelized.Which of the following is/are correct regarding National Investment Fund?

1. NIF is a part of ‘Public Accounts’.
2. The NIF corpus is managed by Public Sector Fund Managers.
3. The allocations out of the NIF will be decided in the Government Budget.

Select the correct code from below.

1. 2 only
2. 1 and 2 only
3. 2 and 3 only
4. 1 and 3 only

6. Which of the following is/are  correct regarding the ‘National Manufacturing Policy’?

1. Enhancing the share of manufacturing in GDP to 25%.
2. Creating 100 million jobs over a decade.
3. Empower rural youth by imparting necessary skill sets to make them employable.
4. Establishment of National Investment and Manufacturing Zones (NIMZs) with land area of at least 1000 hectares.

Select the correct code from below.

1. 1 and 2 only
2. 1, 2 and 4 only
3. 1, 2 and 3 only
4. None of the above

7. Consider the following statements regarding ‘Index of Industrial Production’.

1. The current base year for the IIP series in India is 2004-05.
2. In India the index is compiled using figures of mining, manufacturing and electricity sectors only.
3. National Industrial Classification (NIC)-2004 is used to calculate the new IIP series.

Which of the above statements are correct?

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

8. Which of the following sector/activities is/are reserved for public sector in India?

1. Atomic Energy
2. Railway electrification
3. Mass rapid transport system
4. Construction, operation and maintenance of passenger terminals

Select the correct code from below.

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

9. The main objective of the ‘Maharatna scheme’ is to empower mega CPSEs to expand their operations and emerge as global giants. Which of the following are correct regarding eligibility criteria for CPSEs to grant Maharatna status?

1. Having Navratna status.
2. The CPSEs need not be listed on Indian stock exchanges.
3. An average annual net worth of more than Rs.15,000 crore during the last 3 years.
4. Should have significant global presence/international operations.

Select the correct code from below.

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

10. An industry is considered as ‘sick’ when

1. At the end of a financial year, accumulated losses are equal to or more than its net worth.
2. It should have completed five years of incorporation under the Companies Act, 1956.
3. It must have had more than 50 workers on any given day of 12 months prior to the financial year in which sickness is claimed.
4. It should have a factory license.

Select the correct code from below.

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

11. Which of the following are correctly matched?

                 Multipurpose Project                                                River

1. Pancheshwar Project                                                    i)   Sharda River
2. Bargi Project                                                                   ii) Narmada River
3. Matatilla Project                                                            iii) Betwa River
4. Hasdeo Bango Project                                                   iv)  Mahanadi

Select the correct code/s

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

12. ‘One Belt, One Road’ Initiative of China will pass through which of the following?

1. Black Sea
2. Mediterranean Sea
3. Caspian Sea
4. Red Sea
5. Yellow Sea

Select the correct code/s

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

13. Consider the statements

1. It is India’s first Dinosaur Site
2. This Jurassic period site houses the fossils of flora
3. 15 km from Gadchiroli, near Maharashtra’s border with Andhra Pradesh.

Correct option

1. Wadadham Fossil Park
2. Salkhan Fossil Park
3. Ghughua Fossil Park
4. Indroda Fossil Park

14. India is second largest in production of Fishery in the world. Consider the statement in this regard

1. India has utilized more than 70% of its fisheries potential
2. Gujarat is the leading producer in India followed by Andhra Pradesh
3. Inland fish production is more than marine fish production
4. Both Coastal and Deep Sea Fishery falls under State Government

Select the WRONG option

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

15. Which of the following animals have suicidal tendencies or self-destruction or autothysis?

1. Carpenter ant
2. Bat
3. Pea aphid
4. cat
5. Termites
6. Dogs

Select the correct code

1. 1, 2, 3, 4, 5 and 6
2. 2, 3, 4 and 6
3. 2 and 5
4. 1, 3 and 5

16. Consider the following statements

1. It has four World Heritage Sites next highest to Russia in Central Asia
2. Samarkand is one the World Heritage Site
3. It has Caspian Sea in the West and Afghanistan to the South

Select the correct code

1. Kazakhstan
2. Uzbekistan
3. Tajikistan
4. Turkmenistan

17. Consider the following statements

1. Arab State of Persian Gulf consists of seven states namely Iraq, Kuwait, Saudi Arab, Bahrain, Qatar, UAE and Oman
2. All are part of Gulf Cooperation Council (GCC)
3. India has Free Trade Agreement (FTA) with GCC country, UAE.

Select the correct code

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

18. Consider the following statements

1. It is one the World Heritage Sites and an Ancient University of Indian Subcontinent
2. It was a major centre of learning for Buddhism, Jainism and Hinduism.
3. It became a renowned centre of Buddhist religion and culture during the royal Patronage of Pala Dynasty.
4. It was established by Dharmapala of Pala Dynasty

Select the correct code

1. Nalanda
2. Takshashila
3. Vikramshila
4. Somapura

19. Consider the following

1. Royal Hill of Ambohimanga
2. Rock Shelters of Bhimbetka
3. The Persian Garden
4. Osun-Osogbo Sacred Grove

What is the relation between above regions?

1. They are newly inscribed World Heritage Sites
2. They are Cultural Landscapes of World Heritage
3. They are nominated members of World Heritage
4. They are World heritage in danger

20. Consider the following regarding National Mission for Clean Ganga (NMCG)

1. The GoI has availed loan from International Development Bank and International Bank for Reconstruction and Development (IBRD) to facilitate this project.
2. The Secretary to the Government of India, Ministry of Water Resources, River Development and Ganga Rejuvenation (MoWR, RD & GR) is the current Chairman of the Government Council of NMCG.
3. NMCG has been assigned the implementation of the World Bank assisted project of NGRBA and had taken loan from World Bank.

Select the correct code

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

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