IASbaba ’60 Day Plan’ – Prelims Test 2016 [Day 9]

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IASbaba ’60 Day Plan’ – Prelims Test 2016 [Day 9]

Q.1) Which among the following is/are relative merits of GDP?

1. It enables central banks and policymakers to evaluate whether the economy is in recession or inflation
2. GDP is available for practically every country in the world and allows crude comparisons between the standard of living in different countries
3. GDP has also held significance as a universal metric, as it includes voluntary market transactions

Choose the correct code

a) 1 and 2 only

b) 2 only

c) 2 and 3 only

d) 1, 2 and 3 

Q.2) Macroeconomics sees an economy as a combination of 4 sectors. They are

a) Land, labour, capital, entrepreneur

b) Households, firms, government, external sector

c) Consumer, entrepreneur, firms, government

d) Consumer, firms, government, external sector

Q.3) Consider the following statements about Nominal and Real GDP: 

1. Nominal GDP refers to the current year production of financial goods and services valued at base year prices
2. Real GDP refers to the current year production of financial goods and services valued at current year prices

Which of the above statements is/are not correct?

a) Only 1

b) Only 2

c) Both 1 and 2

d) Neither 1 nor 2

Q.4) Consider the following statements with regard to GDP and GNP: 

1. Gross Domestic Product (GDP), measures the output of goods and services produced within the geographical boundary of a nation regardless of the residence of that labour or owner of capital.
2. Gross National Product (GNP) measures the total output of goods and services produced by residents of a nation regardless of where they live and work or where they own capital.

Which of the above statements is/are correct?

a) Only 1

b) Only 2

c) Both 1 and 2

d) Neither 1 nor 2

Q.5) Which of the following provides correct definition of GDP deflator? 

a) The ratio of GDP at current prices to the GDP at constant prices.

b) GDP at constant prices divided by Wholesale Price Index.

c) The ratio of GDP at constant prices to the GDP at current prices.

d) None of the above.

 Q.6) Which among the following is correct in regard to Social Progress Index (SPI)?

1. SPI goes beyond the traditional measure of GDP and has most parameters that are required to fulfill SDGs
2. SPI is based on three fundamental pillars: basic needs for survival; access to the building blocks to improve living conditions, and access to opportunity to pursue goals and ambitions
3. SPI focuses on outcomes rather than inputs that are used in GDP
4. SPI can best be described as a complementary index to GDP and can be used along with GDP to achieve social progress

Choose the correct code

a) 1, 2 and 4 only

b) 2 and 4 only

c) 1, 2 and 3 only

d) All the above

Q.7) Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes? 

1. The base year of estimating national income data is changed from 2004-05 to 2011-12
2. GDP is estimated at market prices, which excludes indirect taxes but includes subsidies
3. The change in base year has pushed up the country’s economic growth as compared to older series data

Choose the correct code

a) 1 and 2 only

b) 2 only

c) 1 and 3 only

d) 1, 2 and 3 

Q.8) The most appropriate measure of a country’s economic growth is its

a) Gross Domestic Product

b) Net Domestic Product

c) Net National Product

d) Per Capita Real Income

Q.9) Consider the following statements regarding purchasing power parity. 

1. It is a technique used to determine the relative value of different currencies.
2. This concept works on the assumption that markets work on the law of one price.
3. This is a popular method used by the IMF and WB in studying the living standards of people in different economies.

Which of the following is/are correct?

a) 1 and 2 only

b) 1 and 3 only

c) 1 only

d) All of the above 

Q.10) Which among the following are a part of core industries?

1. Fertilizers
2. Refinery Products
3. Natural Gas
4. Iron
5. Cement
6. Electricity

Choose the correct code:

a) 1,2,4,5 and 6

b) 1,2,3,4 and 6

c) 1,2,3,5 and 6

d) 1,2,3,4,5 and 6

Q.11) International Solar Alliance (ISA) will have membership from countries 

a) Lying above the Tropic of Cancer

b) Lying between the Tropic of Cancer and the Tropic of Capricorn

c) Lying below the Tropic of Cancer and above the Tropic of Capricorn

d) Along Equator and Tropic of Cancer

Q.12) Sustainable Development Goals (SDG’s) and Millennium Development Goals (MDG’s) commonly mentions about

1. Infrastructure
2. Poverty and Hunger
3. Inequality
4. Peace and Justice
5. Water and Sanitation

Select themes common to both, SDG’s and MDG’s?

a) 1, 2, 3 and 5

b) 2, 3, 4 and 5

c) 2, 3 and 5

d) 1, 2 and 3 

Q.13) Select the correct statement

a) The Labour Force Participation Rate (LFPR) of women is significantly lower than that of males in both rural and urban areas.

b) The Labour Force Participation Rate (LFPR) of males is significantly lower than that of women in both rural and urban areas.

c) The Labour Force Participation Rate (LFPR) of women is significantly lower than that of males in rural areas but higher in urban areas.

d) The Labour Force Participation Rate (LFPR) of women is significantly lower than that of males urban areas but higher in rural areas.

Q.14) Consider the following statements regarding Turkey

1. Istanbul is the capital of Turkey
2. Syria, Bulgaria and Georgia are few nations that border Turkey

Choose the correct answer using the code given below

a) 1 only

b) 2 only

c) Both

d) None

Q.15) Consider the following statements regarding Moscow declaration.

1. It was signed during third BRICS ministerial conference held at Moscow
2. It is concerned with ending gender discrimination, and providing Equal access to women in Education  ,Employment etc

Choose the correct answer using the code given below

a) 1 only

b) 2 only

c) Both

d) None

Q.16) Puga valley in J&k is famous for availability of which of the following energy reserve

a) Coal

b) Geo Thermal

c) Hydro

d) Wind

Q.17) The government of India scheme known as “Anubhav” refers to

a) Speedy redressal of Infrastructural projects

b) A platform for retiring employees

c) A new communication satellite on the anvil

d) None of the above

Q.18) Recently Ministry of Water resources and Ganga rejuvenation appointed “Ganga task force” for which of the following purposes?

a) To lay down guidelines to promote tourism in areas surrounding Ganga river

b) To ensure that industry and civilians do not pollute the river

c) To remove silt and other pollutants from Ganga river

d) To protect Ganges river dolphins

Q.19) Consider the following statements with respect to Indian rhino vision 2020

1. The Indian Rhino vision aims to increase the number one horned rhinoceros to 3000 by 2020.
2. Kaziranga national park houses nearly 75% of world rhinoceros
3. WWF (WWF-India and WWF AREAS) and the International Rhino Foundation (IRF) are the two major partnering of Indian Rhino vision 2020

Select the incorrect statements

a) 2 only

b) 2 and 3 only

c) 1 and 3 only

d) All  

Q.20) Consider the following statements with respect to Ancient Nalanda University

1. The university taught/helped propagates Hinayana school of Buddhism.
2. It was started by a ruler known as Kumaragupta.

 Select the correct answer with respect to Nalanda university

a) 1 only

b) 2 only

c) Both

d) None

Q.21) Consider the following

1. Defence of the body
2. Metabolic activities
3. Damage repair

Which of the following are the primary functions of proteins?

a) 1 and 2 only

b) 2 and 3 only

c) 1, 2 and 3 only

d) 1 and 3 only

Q.22) Recently it is found that sea ice cover surrounding Antarctica has been slightly increasing in sharp contrast to drastic loss of ice occurring in the Arctic region. What can be the possible reason for the same?

1. The topography of Antarctica and the depth of the ocean surrounding it
2. Topography of Antarctica and depth of ocean influence the winds and ocean currents to drive the formation and evolution of Antarctica’s sea ice cover and help sustain it.

Select the correct code

a) Only 1

b) Only 2

c) Both

d) None

Q.23) Which of the following are not affected by Solar Storm/flare?

1. Short wave radio communication
2. Lon range radio communication
3. Chromosphere
4. Ionosphere
5. Astronauts

Select the appropriate code

a) 1 and 2

b) 2 and 4

c) 1, 4 and 5

d) None

Q.24) Consider the following statements regarding ‘Remittance’

1. India is world’s largest remittance recipient in 2015
2. Indian remittance has declined as compared to last year.
3. While global remittance has decreased, remittance for developing countries increased in 2015

Select the correct code

a) Only 1

b) 1 and 3

c) 1 and 2

d) 1, 2 and 3

Q.25) Consider the following statements

1. Seawater is utilised to produce a solar fuel that is hydrogen peroxide (H2O2)
2. Chlorine in seawater is mainly responsible for enhancing the photo-catalytic activity

Select the correct code

a) Only 1

b) Only 2

c) Both

d) None

Download the Solution– Click here 

P.S- Attempt these questions within 20 minutes with full honesty and write your results in the comment box. Next day, come back and check your result. You can also discuss the important concepts and issues, in case of doubts (among peers)

All the best

IASbaba