IASbaba’s 60 Day Plan- Prelims Test 2018 ECONOMICS & CURRENT AFFAIRS [Day 50]

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Hello Friends, 

Welcome to Day-50.

Importance of Self – Tracking: Learning from Last Year

Last year, aspirants used to comment their answers in the comment box on daily basis. There were huge participation in discussion. Putting answers in comment box has been very effective to self-track yourself after updating the score. In the end, you can cross check your performance through Disqus profile.

It was highly effective in the last edition of 60 Days that propelled aspirants to monitor their performance and learn through discussion. Let you solve these questions with full honesty and write your result in the comment box. Interact with peers to know your mistakes.

The importance of this initiative stands time-bound and aggressive reverse engineering to learn the concepts. Many of you must be busy with your own strategy but let us tell you honestly that in the last two months, it is very important to revise and consolidate your learning. Just reading won’t suffice.

So, take out few hours from your schedule and make it a revision exercise.

How can you make the best use of it?

Be honest to your effort and do not start competing with XYZ aspirants here just for the sake of marks. It is more important for you to introspect and check your learning than focusing on others. Try to answer the questions in 20 minutes only. 

Do not get into negative feeling that I don’t have enough knowledge to answer these questions. Feel like you are taking the real exam. What would be your response then?

The same will be replicated in UPSC exam. Here, you get marks only and nothing else matters. So, make effort to know the answers to all questions. Do not cheat 😛

DETAILED MICRO ANALYSIS MATRIX SAMPLE– is given here. You can download this and do an assessment for yourself.  DOWNLOAD

• You can copy paste the same format/modify as per your need in Google Spreadsheet and update it on daily basis.
• Feedback talks about daily test results.
• Follow-up talks about daily target achieved from sources and the number of revisions to do/done and dates. Sources column is to ensure that aspirants do not run behind various sources and follow the same throughout.

Are you ready? Let’s start!

[Day 50]: ECONOMICS AND CURRENT AFFAIRS

Q.1) Consider the following statements about APEC.

1. It is headquartered in Singapore.
2. India is member of this forum.
3. APEC Summit-2018 will be held in Papua New Guinea

Which of the above statements is/are correct?

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

Q.2) The term ‘de minimis’ was often in news related to

1. WTO
2. World Bank
3. World Economic Forum
4. G-20

Q.3) Consider the following pairs.

Which of the above pairs is/are correctly matched?

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

Q.4) Conisder the following pairs with regard to GATS:

Which of the above pairs is/are correctly matched?

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

Q.5) Consider the following statements with regard to Intellectual Property Rights.

1. The Paris Convention 1883 is for the Protection of Industrial Property
2. Berne Convention (1886) is for the protection copyrights.
3. The TRIPS Agreement incorporates and improves upon protection levels of the Paris Convention and the Berne Convention.

Which of the above statements is/are correct?

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

Q.6) The 2018 edition of BRICS Summit will be held in

1. Johannesburg
2. Brasilia
3. Moscow
4. Durban

Q.7) Consider the following statements about Asian Infrastructure Investment Bank (AIIB).

1. Poverty reduction is one of the major goals.
2. It is headquartered in Beijing, China.
3. Its purpose is to provide finance to infrastructure development and regional connectivity projects in Asia region only.

Which of the above statements is/are correct?

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

Q.8) Which of the following statements are correct regarding voting rights in UN General Assembly?

1. All member countries have one vote each.
2. Number of votes is decided on the basis of population of a country
3. Number of votes is decided by the grants given by a country to UN bodies.
4. Number of votes is based on quota, decided by UN Security Council.

Q.9) Which of the following statements are correct regarding United Nations Security Council?

1. Its primary responsibility is International Peace and Security.
2. It is responsible for International Sanctions and peace keeping military operations.
3. UNSC can take binding decisions.

Select the code from below:

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

Q.10) What is the aim of the group called ‘Coffee Club’ in UN?

1. They are supporting the claim of G4 countries to become permanent members of UNSC.
2. They are opposing the claim of G4 countries to become a part of UNSC.
3. They want increase in the membership of equatorial countries of Africa and South America in UNSC.
4. They want to remove the custom duties on all coffee trade in the World.

Q.11) Which of the following reports are published by Food and Agricultural Organisation?

1. World State of Forest Report
2. Global Forest Resource Assessment
3. World Population Prospects Report

Select the code from following:

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

Q.12) India has recently hosted the Ministerial meet of International Energy Forum. Which of the following statements is/are correct regarding IEF?

1. It is an intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
2. The secretariat of IEF is based in Riyadh, Saudi Arabia.

Select the code from following:

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

Q.13) Which of the following countries are not a member of Shanghai Cooperation Organisation (SCO)?

1. Uzbekistan
2. Kazakhstan
3. Afghanistan
4. Pakistan

Q.14) Which of the following organizations/personalities received Nobel Peace Prize for 2017?

1. International Campaign to Abolish Nuclear Weapons (ICAN)
2. Convention on Chemical weapons
3. NASA
4. Donald Trump

Q.15) Consider the following statements about Asia-Pacific Economic Cooperation (APEC) and identify the incorrect statement:

1. It is a regional economic forum established in 1989.
2. India is a founding member of APEC.
3. It is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.
4. China is also a part of APEC.

Q.16) Consider the following statements:

1. Most Favored Nation (MFN) status to a country by another country ensures preferential and special treatment between the two member countries.
2. DTAA is a tax treaty signed between countries (or any two/multiple countries) so that taxpayers do not pay double taxes on their income earned from source country as well as their residence country.

Which of the statements given above is/are correct?

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

Q.17) Bretton Woods Conference is one of the most historic event post second world war. Which of the following is correct?

1. The UN Monetary and Financial Conference held post Second World War established the international trading regime called General Agreement on Trade and Tariffs.
2. WTO is part of whole set up of UNO and thus is guided by the actions its member bodies.
3. IMF follow voting by consensus pattern by which each member gets to ensure their idea is considered.
4. WTO doesn’t have weighted voting as the World Bank or the IMF and goes by the system of one member one vote.

Q.18) Consider the following statements about Financial Action Task Force (FATF):

1. It is a Paris­based multi­disciplinary and inter­governmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing.
2. It was founded at the 1989 OECD Economic Summit.

Select the correct code:

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

Q.19) SARTTAC (South Asia Training and Technical Assistance Centre) is a collaborative venture between the member countries and which among the following organisation?

1. World Bank (WB)
2. International Monetary Fund (IMF)
3. World Trade Organization (WTO)
4. United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Q.20) Which among the following statements regarding Multilateral Investment Guarantee Agency (MIGA) are correct?

1. It is an arm of the IMF.
2. It is an arm of the World Bank Group.
3. It encourages foreign investment in public sector only.
4. It provides insurance to foreign private investors against the loss caused by political risks.

Select the correct answer using the codes given below:

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

Q.21) Which organization recently signed an agreement with India to provide a $200 million loan for implementing National Nutrition Mission?

1. World Bank
2. World Health Organization
3. International Monetary Fund
4. Bill & Melinda Gates Foundation

Q.22) Which of the following are benefits of ‘Millets’?

1. It helps in bowel movement
2. It manages diabetes and obesity
3. It keeps hypertension at bay
4. It helps maintain blood pressure

Select the correct code:

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

Q.23) The term “Fragile Five” was coined back in August 2013 to represent five emerging market economies that have become too dependent on unreliable foreign investment to finance their growth plans. Which of the following countries are among them?

1. Thailand
2. Colombia
3. Chile
4. Brazil
5. South Africa

Select the correct code:

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

Q.24) Consider the following statements with respect to Elections in India

1. Samadhan is a public grievance redressal and monitoring system developed by the Election Commission
2. Suvidha is a single window system for giving election-related permission/clearness within 24 hours
3. Tasmanian Dodge is the term used for the fraud in the elections

Select the correct code:

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

Q.25) Consider the following statements about European Bank of Reconstruction and Development (EBRD)

1. It is a multilateral development bank set up after the Second World War
2. India will become EBRD’s 69th member and will take a shareholding in the bank, but it will not be a recipient of EBRD financing
3. It is headquartered in Brussels

Select the correct statements

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

Q.26) Arrange the following counties from North to South

1. El Salvador
2. Belize
3. Nicaragua
4. Costa Rica

Select the correct code:

1. 2-1-3-4
2. 1-3-4-2
3. 4-2-1-3
4. 3-4-1-2

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