IASbaba Prelims 60 Days Plan
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Hello Friends,
Given the fact that the coveted civil services attract lakhs of youngsters to appear in the examination every year, stiff competition is a given! With the experience attained through multiple interactions with thousands of students and mentoring them, we have realised that cracking this examination takes more than just plain learning and application of concepts. It requires emotional management also. In fact, we can put it first in the prerequisites of qualifying this examination. With hardly a month remaining for the preliminary examination, we thought that sharing our experiences and the ways to tackle various scenarios that you must be facing now will help you manage your anxieties and apprehensions.
One thing that we must understand is that we are all different, our problems, priorities and pains are different and therefore the ways and means to address them are also different. You might be facing the same examination as your roommate is; but for both you, the challenges and moods might be different. In the next few paragraphs, we present an exhaustive list of scenarios that you as a candidate might be facing. Please see whether you fit somewhere in this classification. We have also provided the reasons behind the feelings that you might be experiencing in different scenarios and have also tried to give solutions to address them positively. It is also possible that you find yourself in two or even more than two scenarios. We hope that this objective scenario analysis will help you overcome your anxieties and lead to your success eventually.
Scenario 1: You have not yet completed your revision. Wit each passing day, you rewrite your schedule and convince yourself that there is enough time to revise all the subjects. But deep within, you are a bit scared.
Why does it happen: It happens because your emotions are torn between your commitment to excel and reality. You are committed to clear the exam but at the same time have apprehensions that you might lose it eventually. It happens with the majority of candidates (in fact with the top rankers as well!). The major factor could be your overcommitment due to which you covered so many things in the first phase of the study that it is becoming unmanageable to revise them all. The fear of not revising the hard work already done creates even more anxiety! Another reason could, of course, be procrastination. This is a fundamental human trait in the 21st century. With the internet and social media in our hands, we tend to postpone important things in our life.
What can be done: The first and the foremost thing that you need to do is to prioritise. Believe us, it doesn’t take more than 50% of your acquired knowledge to take the form of wisdom. It is wisdom that does the rest. It simply means that an investment in knowledge always pays the best interest. You might not be able to revise everything that you have read in the past few months but still, the wisdom acquired with the help of those readings will sail you through. Therefore, make a fixed time table and stick to it. Prioritise the areas you need to focus without getting too much concerned about the portions that you are going to leave in this process. The second most important thing to do is to stop procrastinating. Do it now, sometimes later becomes never!
Scenario 2: Everything was going fine. You were scoring high marks test after tests and everyone was betting on your preparation and potential. But then, the last few tests have gone haywire. You have lost the sheen and your performance has dropped. You feel that you are losing it now!
Why does it happen: Success makes us complacent. It also makes failures hard to accept. Our mind and emotions get habitual of pride and praise. A departure from the norm makes it difficult to adapt to the new realities. It hurts the confidence and brings a further dip in performance.
What can be done: No success is permanent and no failure is fatal. The mocks that you are appearing in are meant to train you for the ultimate battle. By no stretch of the imagination, they can become the yardstick to decide your performance in the actual examination. Your failure or rather the limited success in the recent tests mean nothing more than a reminder. It simply tells you to be more careful and don’t take things for granted. You are well prepared and only need to focus harder. Don’t lose the momentum now! It will be fatal. Take your failures with a pinch of salt and move on. Neither try too hard nor be listless. Just keep doing your job.
Scenario 3: This is your last attempt and you are in severe stress. You always think about the results. What if you don’t qualify this time too? What will your parents, friends and family think? have you waited your career?
Why does it happen: It happens because we humans are insecure beings. The feeling of insecurity of any kind overpowers our thinking. We start focusing too much on the negative possibilities rather than the positive ones. We start blaming our fate and also lose faith in hard work. Moreover, having spent a considerable amount of time, the feeling of impatience and frustration starts to foster. Lack of security in terms of career makes us uneasy an under-confident.
What can be done: Understand the concept of time zones. Different parts of the world have different times because they lie in different time zones. Human beings are also in their time zones. It simply means that just like sunlight doesn’t come all at once to the entire planet, success also comes at different times for different individuals. What affects your chances however is despondency. What if this is your time right now? What if there is a guarantee of success this time? Don’t lose this opportunity. Give your 100% and hope for the best. If you sail through, nothing can be better and even if you don’t, there are millions of opportunities waiting to be explored.
Scenario 4: This is your first attempt. You know that there are so many experienced players already in competition. You have a feeling that you don’t stand a chance.
Why does it happen: Contrary to the concept of ‘beginner’s advantage’, freshers suffer from the ill-placed syndrome of ‘beginners disadvantage’. They have a feeling that cramming up concepts of UPSC for years can give an individual edge over the others. This is natural as it happens in many other fields also, most notably sports and jobs.
What can be done: How do some sportsmen have the dream debuts? Why do many first-timers crack UPSC in the very first attempt? The answer is simple. If you have the right tools, the right attitude and the right frame of mind, it doesn’t matter if you are a fresher or a veteran; you will always succeed. You have nothing to lose and no one to compete with except yourself. Just focus on improving your own performance without bothering too much about the people around you.
Scenario 5: You see highly intelligent people around yourself. They study in groups and always keep discussing new concepts, some of which just fly over your head. You have a feeling that you don’t have what it takes to become a civil servant.
Why does it happen: We always tend to put ourselves in comparison to others. Even a slight hint of inferiority bewilders us. We start feeling that we can’t compete with the more competent and the smarter lot. We start feeling excluded and that affects our confidence adversely.
What can be done: Even the smartest and the most talented players have been defeated by the consistent ones. Civil services examination requires consistency in efforts and a willingness to better ourselves. If one goes on to make others as the benchmark, he is bound to get lost in the process. The best thing to do is to stay true to your commitment, strive hard with each passing day and hour and keep improving your abilities. Believe us, success shall be yours.
Scenario 6: You are scared of numbers. Can you succeed by competing lakhs of students? You didn’t even feature in the top 20% of your class in the school/ college! How can you be there in the top 0.5% of the candidates appearing in the examination?
Why does it happen: We get overwhelmed by numbers. India is a country of millions of jobless youth competing neck to neck with each other to get their dream jobs. It is natural to be scared of such stiff competition.
What can be done: A reality check will soothe your senses. Of the lakhs that appear in the preliminary examination, the ones who are actually prepared and hold some potential might only be thousands in number. Moreover, they are all facing the same competition. They are all equally scared of the numbers. You are not alone in this fear. The more you overcome this fear, the better are your chances to succeed.
Scenario 7: Everything is going great. You are high on confidence. You have firm belief in your abilities and hard work. You are sure to crack this examination.
Why does it happen: Hard work and a high level of preparedness give confidence. But it can also lead to overconfidence which can be fatal for you. Many times, brilliant candidates peak much before the actual examination and falter on the ‘D day’.
What can be done: Don’t let your performance peak right now. Remain humble and wait for the right time to give your best performance. There are many like you who are confident of clearing the examination. You have to compete with them and the best way to do it is by not letting your confidence corrupt your senses.
Scenario 8: You are appearing this year just to measure the depth of waters. You will come stronger and better prepared next year. You simply want to have a “feel” of this examination.
Why does it happen: This again is a natural human tendency. Many a time, we don’t give the full throttle fearing failure. We keep convincing ourselves that we have the potential to succeed and we will definitely taste success one day. This escapist tendency might actually be harmful sometimes.
What can be done: Don’t appear in the examination if you aren’t fully prepared. Examination as a process seeps into your intellectual faculties and can cause irreversible harm by affecting your confidence. You won’t even realise it and it will break your spirits. So it is better to stay away from such wishful thinking. If at all, you want to have the “feel”, it would be much better if you attempt the paper at home after the examination.
So, where do you find yourself? It’s perfectly fine to be scared or anxious. We are all human beings. But at the same time, we must have the intelligence to tackle our emotions and move in the right direction.
Success is what we want and success is what we should work for!
All the Best
IASbaba Team
Are you ready? Let’s start!
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The following Test is based on the syllabus of 60 Days Plan-2019 for UPSC IAS Prelims 2019.
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Question 1 of 30
1. Question
Voluntary Retention Route, recently in news, is related to?
Correct
It is a new channel of investment available to FPIs to encourage them to invest in debt markets in India over and above their investments through the regular route. The objective is to attract long-term and stable FPI investments into debt markets while providing FPIs with operational flexibility to manage their investments.
Incorrect
It is a new channel of investment available to FPIs to encourage them to invest in debt markets in India over and above their investments through the regular route. The objective is to attract long-term and stable FPI investments into debt markets while providing FPIs with operational flexibility to manage their investments.
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Question 2 of 30
2. Question
With reference to SWIFT network, consider the following statements:
- It is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
- Under SWIFT, each financial organization has a unique code which is used to send and receive payments.
- It facilitates funds transfers
- SWIFT India is a joint venture of top Indian public and private sector banks
Which of the given statements is/are correct?
Correct
Statement 3 is wrong: It doesn’t facilitate fund transfer.
What is SWIFT?
It is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes. Under SWIFT, each financial organization has a unique code which is used to send and receive payments.
SWIFT does not facilitate funds transfer: rather, it sends payment orders, which must be settled by correspondent accounts that the institutions have with each other.
The SWIFT is a secure financial message carrier — in other words, it transports messages from one bank to its intended bank recipient.
SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). The company was created to deliver high quality domestic financial messaging services to the Indian financial community. It has a huge potential to contribute significantly to the financial community in many domains
Incorrect
Statement 3 is wrong: It doesn’t facilitate fund transfer.
What is SWIFT?
It is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes. Under SWIFT, each financial organization has a unique code which is used to send and receive payments.
SWIFT does not facilitate funds transfer: rather, it sends payment orders, which must be settled by correspondent accounts that the institutions have with each other.
The SWIFT is a secure financial message carrier — in other words, it transports messages from one bank to its intended bank recipient.
SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). The company was created to deliver high quality domestic financial messaging services to the Indian financial community. It has a huge potential to contribute significantly to the financial community in many domains
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Question 3 of 30
3. Question
Base Erosion and Profit Shifting (BEPS) is related to:
Correct
The Organization for Economic Cooperation and Development (OECD)’s Base Erosion and Profit Shifting (BEPS) initiative seeks to close gaps in international taxation for companies that allegedly avoid taxation or reduce tax burden in their home country by engaging in tax inversions (moving operations) or by migrating intangibles to lower tax jurisdictions.
The OECD has issued 15 Action Items to address the main areas where they feel companies have been most aggressively accomplishing this shifting of profit — addressing the digital economy, treaty abuse, transfer pricing documentation, and more. BEPS Action Item 13, in particular, aims to transform transfer pricing documentation, forcing multinational corporations to reconsider how transfer pricing details are reported to local tax authorities as well as worldwide with country-by-country reporting.
Incorrect
The Organization for Economic Cooperation and Development (OECD)’s Base Erosion and Profit Shifting (BEPS) initiative seeks to close gaps in international taxation for companies that allegedly avoid taxation or reduce tax burden in their home country by engaging in tax inversions (moving operations) or by migrating intangibles to lower tax jurisdictions.
The OECD has issued 15 Action Items to address the main areas where they feel companies have been most aggressively accomplishing this shifting of profit — addressing the digital economy, treaty abuse, transfer pricing documentation, and more. BEPS Action Item 13, in particular, aims to transform transfer pricing documentation, forcing multinational corporations to reconsider how transfer pricing details are reported to local tax authorities as well as worldwide with country-by-country reporting.
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Question 4 of 30
4. Question
Consider the following statements with respect to EXIM Bank of India:
- It is a non-statutory organisation working as an apex financial institution for financing, facilitating and promoting India’s international trade.
- The Bank primarily lends for exports from India including supporting overseas buyers and Indian suppliers for export
- It is regulated by RBI
Which of the given statements is/are correct?
Correct
Exim Bank of India
- It was established in 1982 under an Act of Parliament as the apex financial institution for financing, facilitating and promoting India’s international trade. Hence it is statutory and Statement is wrong.
- The Bank primarily lends for exports from India including supporting overseas buyers and Indian suppliers for export of developmental and infrastructure projects, equipment, goods and services from India.
- It is regulated by RBI.
Incorrect
Exim Bank of India
- It was established in 1982 under an Act of Parliament as the apex financial institution for financing, facilitating and promoting India’s international trade. Hence it is statutory and Statement is wrong.
- The Bank primarily lends for exports from India including supporting overseas buyers and Indian suppliers for export of developmental and infrastructure projects, equipment, goods and services from India.
- It is regulated by RBI.
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Question 5 of 30
5. Question
Consider the following statements with reference to Hard currency:
- A hard currency is expected to remain relatively stable through a short period of time
- It is expected o be highly liquid in the forex or foreign exchange (FX) market.
Which of the given statements is/are correct?
Correct
Both the given statements are correct.
What is Hard Currency?
A hard currency is a monetary system that is widely accepted around the world as a form of payment for goods and services. It usually comes from a country that has a strong economic and political situation. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex or foreign exchange (FX) market.
Incorrect
Both the given statements are correct.
What is Hard Currency?
A hard currency is a monetary system that is widely accepted around the world as a form of payment for goods and services. It usually comes from a country that has a strong economic and political situation. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex or foreign exchange (FX) market.
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Question 6 of 30
6. Question
Which of the following is/are functions of International Monetary Fund?
- Monitoring of economic and financial developments of a member country
- Lending to countries with balance of payments difficulties
- Provide countries with technical expertise and training in its areas of expertise
Select the correct option from below:
Correct
All the given statements are correct
Incorrect
All the given statements are correct
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Question 7 of 30
7. Question
With reference to Special Drawing Rights (SDRs), consider the following statements:
- It is the artificial currency of IMF
- SDRs can be exchanged for national currencies and can be traded in forex market
- Japanese Yen was the latest addition to the SDR basket
Which of the given statements is/are not correct?
Correct
Statement 2 is wrong: SDRs can be exchanged for national currencies and cannot be traded in forex market
Statement 3 is wrong: Chinese Renminbi is the latest addition to the SDR basket which already includes US Dollar, British Pound, Japanese Yen and the Euro
Incorrect
Statement 2 is wrong: SDRs can be exchanged for national currencies and cannot be traded in forex market
Statement 3 is wrong: Chinese Renminbi is the latest addition to the SDR basket which already includes US Dollar, British Pound, Japanese Yen and the Euro
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Question 8 of 30
8. Question
Which of the following statements is/are correct regarding Special Safeguard mechanism in WTO?
- It is a tool that will allow developing countries to raise tariffs temporarily to deal with import surges or price falls.
- It has been included under the Nairobi Package negotiated under the WTO.
Select the correct option from below:
Correct
Both the statements are correct regarding the Special Safeguard Mechanism (SSM).
WTO’s Special Safeguard Mechanism (SSM) is a protection measure allowed for developing countries to take contingency restrictions against agricultural imports that are causing injuries to domestic farmers. It is a tool that will allow developing countries to raise tariffs temporarily to deal with import surges or price falls.
The “Nairobi Package” was adopted at the WTO’s Tenth Ministerial Conference, held in Nairobi, Kenya in 2015. It contains a series of six Ministerial Decisions on agriculture, cotton and issues related to least-developed countries (LDCs). These cover public stockholding for food security purposes, a Special Safeguard Mechanism for developing countries and a commitment to abolish export subsidies for farm exports.
Incorrect
Both the statements are correct regarding the Special Safeguard Mechanism (SSM).
WTO’s Special Safeguard Mechanism (SSM) is a protection measure allowed for developing countries to take contingency restrictions against agricultural imports that are causing injuries to domestic farmers. It is a tool that will allow developing countries to raise tariffs temporarily to deal with import surges or price falls.
The “Nairobi Package” was adopted at the WTO’s Tenth Ministerial Conference, held in Nairobi, Kenya in 2015. It contains a series of six Ministerial Decisions on agriculture, cotton and issues related to least-developed countries (LDCs). These cover public stockholding for food security purposes, a Special Safeguard Mechanism for developing countries and a commitment to abolish export subsidies for farm exports.
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Question 9 of 30
9. Question
Consider the following statements with reference to tariffs and quotas:
- While tariffs directly impact the value of imports, quotas aim to curb the volume of imports.
- Both tariffs and quotas restrict imports and protect the domestic firm.
Which of the given statements is/are correct?
Correct
Both the given statements are correct.
Incorrect
Both the given statements are correct.
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Question 10 of 30
10. Question
Arrange the following types of regional trading agreements in increasing order of integration:
- Preferential Trade Areas
- Common Market
- Customs Union
- Economic Union
Choose the correct option from below:
Correct
The correct order of regional trading agreements:
- Preferential Trade Areas
- Free Trade Areas
- Customs Union
- Common Market
- Economic Union
- Full Integration
Incorrect
The correct order of regional trading agreements:
- Preferential Trade Areas
- Free Trade Areas
- Customs Union
- Common Market
- Economic Union
- Full Integration
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Question 11 of 30
11. Question
Consider the following pairs:
Type of subsidy under WTO Stated purpose
- Green Box: Production limiting subsidies
- Amber Box: Trade distorting subsidies and need to be curbed
- Blue Box: Not specific subsidies and are non-actionable
Which of the above is/are correctly matched?
Correct
Agreement on Subsidies and Countervailing Measures under WTO classifies subsidies as follows:
(a) Green: Subsidies which are no or least market distorting includes measures decoupled from output such as income-support payments, etc.
(b) Amber: Those subsidies which are trade distorting and need to be curbed and actionable by trading partners.
(c) Blue Box: Only “Production limiting Subsidies” under this are allowed. They cover payments based on acreage, yield, or number of livestock in a base year.Incorrect
Agreement on Subsidies and Countervailing Measures under WTO classifies subsidies as follows:
(a) Green: Subsidies which are no or least market distorting includes measures decoupled from output such as income-support payments, etc.
(b) Amber: Those subsidies which are trade distorting and need to be curbed and actionable by trading partners.
(c) Blue Box: Only “Production limiting Subsidies” under this are allowed. They cover payments based on acreage, yield, or number of livestock in a base year. -
Question 12 of 30
12. Question
NiryatBandhu scheme is related to:
Correct
It was launched Directorate General of Foreign Trade.
The objective of the NiryatBandhu Scheme is to reach out to the new and potential exporters and mentor them through orientation programmes, counselling sessions, individual facilitation, etc., for being able to get into international trade and boost exports from India.
Incorrect
It was launched Directorate General of Foreign Trade.
The objective of the NiryatBandhu Scheme is to reach out to the new and potential exporters and mentor them through orientation programmes, counselling sessions, individual facilitation, etc., for being able to get into international trade and boost exports from India.
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Question 13 of 30
13. Question
Which of the following is correct with respect to the “convertibility of Indian rupee”?
Correct
Currency convertibility means that currency of a country can be freely converted into foreign exchange at market determined rate of exchange that is, exchange rate as determined by demand for and supply of a currency.
For example, convertibility of rupee means that those who have foreign exchange (e.g. US dollars, Pound Sterlings etc.) can get them converted into rupees and vice-versa at the market determined rate of exchange.
Current Account Convertibility: Current account is today fully convertible (operationalized on August 19, 1994). It means that the full amount of the foreign exchange required by someone for current purposes will be made available to him at the official exchange rate and there could be an unprohibited outflow of foreign exchange (earlier it was partially convertible). India was obliged to do so as per Article VIII of the IMF which prohibits any exchange restrictions on current international transactions (keep in mind that India was under pre-conditions of the IMF since 1991).
Capital Account Convertibility: After the recommendations of the S.S. Tarapore Committee (1997) on Capital Account Convertibility, India has been moving in the direction of allowing full convertibility in this account, but with required precautions. India is still a country of partial convertibility (40:60) in the capital account, but inside this overall policy, enough reforms have been made, and to certain levels of foreign exchange requirements, it is an economy allowing full capital account convertibility.
Incorrect
Currency convertibility means that currency of a country can be freely converted into foreign exchange at market determined rate of exchange that is, exchange rate as determined by demand for and supply of a currency.
For example, convertibility of rupee means that those who have foreign exchange (e.g. US dollars, Pound Sterlings etc.) can get them converted into rupees and vice-versa at the market determined rate of exchange.
Current Account Convertibility: Current account is today fully convertible (operationalized on August 19, 1994). It means that the full amount of the foreign exchange required by someone for current purposes will be made available to him at the official exchange rate and there could be an unprohibited outflow of foreign exchange (earlier it was partially convertible). India was obliged to do so as per Article VIII of the IMF which prohibits any exchange restrictions on current international transactions (keep in mind that India was under pre-conditions of the IMF since 1991).
Capital Account Convertibility: After the recommendations of the S.S. Tarapore Committee (1997) on Capital Account Convertibility, India has been moving in the direction of allowing full convertibility in this account, but with required precautions. India is still a country of partial convertibility (40:60) in the capital account, but inside this overall policy, enough reforms have been made, and to certain levels of foreign exchange requirements, it is an economy allowing full capital account convertibility.
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Question 14 of 30
14. Question
‘Asian Premium’, sometimes seen in news is related to
Correct
Asian Premium is an extra charge being collected by OPEC countries from Asian countries when selling oil in comparison to western countries.
Why is Asian Premium Charged?
The Asian Premium has its origins in the late 1980s when Saudi Arabia, the de-facto OPEC leader, adopted a marker based price system for its oil exports.
The Asian market was costlier than the American and European ones, and did not fully reflect market dynamics. This was due to lack of substantial production centres (other than in the Gulf region) and oil derivatives market in Asia.
Also Asian countries, dependent heavily on oil imports, were essentially price-takers. In short, the oil exporters used their superior bargaining power to squeeze Asian oil importers while charging less to their American and European customers.
Incorrect
Asian Premium is an extra charge being collected by OPEC countries from Asian countries when selling oil in comparison to western countries.
Why is Asian Premium Charged?
The Asian Premium has its origins in the late 1980s when Saudi Arabia, the de-facto OPEC leader, adopted a marker based price system for its oil exports.
The Asian market was costlier than the American and European ones, and did not fully reflect market dynamics. This was due to lack of substantial production centres (other than in the Gulf region) and oil derivatives market in Asia.
Also Asian countries, dependent heavily on oil imports, were essentially price-takers. In short, the oil exporters used their superior bargaining power to squeeze Asian oil importers while charging less to their American and European customers.
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Question 15 of 30
15. Question
Which of the following statements regarding World Trade Organisation (WTO) is/are wrong?
- The Ministerial Conference meets once every 2 years
- The most recent one was held in Argentina in 2018
- The Ministerial Conference also acts as a Dispute Settlement and Trade Policy Review Body.
Select the code from following:
Correct
Statement 1 is correct: The Ministerial Conference of WTO is held once every 2 years.
Statement 2 is wrong: The 11th Ministerial Conference was held in Argentina in 2017.
Statement 3 is wrong: The General Council and not the Ministerial Conference is the Dispute Settlement and Trade Policy Review Body.
Incorrect
Statement 1 is correct: The Ministerial Conference of WTO is held once every 2 years.
Statement 2 is wrong: The 11th Ministerial Conference was held in Argentina in 2017.
Statement 3 is wrong: The General Council and not the Ministerial Conference is the Dispute Settlement and Trade Policy Review Body.
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Question 16 of 30
16. Question
The term “Singapore Issues” is associated with which of the following International Organisations?
Correct
Singapore issues are a list of the subjects that were tabled by the Western states mainly US and EU in the WTO conference in the year 1996 which was held in Singapore. Some of the major issues among them were:
- trade and investment,
- trade and competition policy,
- transparency in government procurement,
- trade facilitation ,
- Labour laws etc.
These were opposed by the developing nations.
Incorrect
Singapore issues are a list of the subjects that were tabled by the Western states mainly US and EU in the WTO conference in the year 1996 which was held in Singapore. Some of the major issues among them were:
- trade and investment,
- trade and competition policy,
- transparency in government procurement,
- trade facilitation ,
- Labour laws etc.
These were opposed by the developing nations.
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Question 17 of 30
17. Question
Consider the following statements:
- Through Indian Depository Receipts, investors abroad can invest in Indian companies.
- Participatory notes are derivative instruments issued in foreign jurisdictions by Foreign Institutional Investors. (FIIs)
Which of the above statements is/are correct?
Correct
Statement A is wrong as Through Indian Depository Receipts, Investors in India to invest in listed foreign companies, including multinational companies, in Indian rupees.
Statement B is correct as Participatory Notes (PNs) are issued by SEBI registered FIIs in foreign jurisdictions against Indian securities.
Incorrect
Statement A is wrong as Through Indian Depository Receipts, Investors in India to invest in listed foreign companies, including multinational companies, in Indian rupees.
Statement B is correct as Participatory Notes (PNs) are issued by SEBI registered FIIs in foreign jurisdictions against Indian securities.
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Question 18 of 30
18. Question
Spot the differences between depreciation and devaluation and choose the correct statement:
- Depreciation occurs in pegged exchange rate system while devaluation occurs in a floating exchange rate system.
- Depreciation favours exports while devaluation doesn’t.
Select the code from following:
Correct
Devaluation occurs in pegged exchange rate system while Depreciation occurs in a floating exchange rate system.
Both Depreciation and devaluation favour exports as the value of domestic currency is lowered against foreign currency and exports become competitive.
Incorrect
Devaluation occurs in pegged exchange rate system while Depreciation occurs in a floating exchange rate system.
Both Depreciation and devaluation favour exports as the value of domestic currency is lowered against foreign currency and exports become competitive.
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Question 19 of 30
19. Question
In the calculation of Balance of Payments, what do invisibles imply?
- Services
- Remittances
- Income earned from ownership of overseas assets by Indian companies.
Select the code from following:
Correct
Invisibles in international trade is synonym to services which can be divided into three parts
- Services
- Income earned (profits, dividends, interests) from ownership of overseas assets by Indian companies
- Transfers (remittances from Indians working abroad)
Incorrect
Invisibles in international trade is synonym to services which can be divided into three parts
- Services
- Income earned (profits, dividends, interests) from ownership of overseas assets by Indian companies
- Transfers (remittances from Indians working abroad)
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Question 20 of 30
20. Question
In external sector, capital account includes which of the following?
- Remittances
- Indians opening bank accounts in Foreign countries
- Exports and Imports
- Payments due as interests on loans
- Holding assets abroad
- Investing abroad by Indians
Select the code from following:
Correct
Current account includes: Exports, imports, payments due as interests on loans, remittances, travel, education, etc.
Capital account includes: Indians opening bank accounts in foreign countries, holding assets abroad and investments by Indians abroad.
Incorrect
Current account includes: Exports, imports, payments due as interests on loans, remittances, travel, education, etc.
Capital account includes: Indians opening bank accounts in foreign countries, holding assets abroad and investments by Indians abroad.
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Question 21 of 30
21. Question
Consider the following statements with respect to ‘Turtle Survival Alliance (TSA)’
- It is an action-oriented global partnership that is committed to zero turtle extinctions in the 21st century
- It was formed in 2001 as “an IUCN partnership for sustainable captive management of freshwater turtles and tortoises.”
Select the correct statements
Correct
The Turtle Survival Alliance (TSA) was formed in 2001 as “an IUCN partnership for sustainable captive management of freshwater turtles and tortoises.” The TSA arose in response to the rampant and unsustainable harvest of Asian turtle populations to supply Chinese markets, a situation known as the Asian Turtle Crisis.
The Turtle Survival Alliance (TSA) is an action-oriented global partnership that is committed to zero turtle extinctions in the 21st century.
Incorrect
The Turtle Survival Alliance (TSA) was formed in 2001 as “an IUCN partnership for sustainable captive management of freshwater turtles and tortoises.” The TSA arose in response to the rampant and unsustainable harvest of Asian turtle populations to supply Chinese markets, a situation known as the Asian Turtle Crisis.
The Turtle Survival Alliance (TSA) is an action-oriented global partnership that is committed to zero turtle extinctions in the 21st century.
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Question 22 of 30
22. Question
‘Pavoor Uliya’ is an island on which of the following rivers?
Correct
Pavoor Uliya is an island on the Netravathi River and located 12 km from Mangalore.
Incorrect
Pavoor Uliya is an island on the Netravathi River and located 12 km from Mangalore.
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Question 23 of 30
23. Question
Which of the following medical devices are considered as drugs under the Drugs and Cosmetics Act?
- Nebulizers
- Blood pressure monitors
- Digital thermometers
- Glucometers
Select the correct code:
Correct
The Drug Technical Advisory Body (DTAB), the country’s highest drug advisory body, had approved the proposal to include nebulizers, blood pressure monitoring devices, digital thermometers and glucometers under the purview of the Drug Law.
Commonly used medical devices such as nebulizers, blood pressure monitors, digital thermometers and glucometers have been notified as drugs under the Drugs and Cosmetics Act.
The Drug Controller-General of India (DCGI) would regulate the import, manufacture and sale of these devices from January 1, 2020.
Incorrect
The Drug Technical Advisory Body (DTAB), the country’s highest drug advisory body, had approved the proposal to include nebulizers, blood pressure monitoring devices, digital thermometers and glucometers under the purview of the Drug Law.
Commonly used medical devices such as nebulizers, blood pressure monitors, digital thermometers and glucometers have been notified as drugs under the Drugs and Cosmetics Act.
The Drug Controller-General of India (DCGI) would regulate the import, manufacture and sale of these devices from January 1, 2020.
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Question 24 of 30
24. Question
‘Kyongnosla Alpine Sanctuary’ is located in
Correct
Kyongnosla Alpine Sanctuary is a wildlife sanctuary in East Sikkim. Rich in both flora and fauna, rare, endangered ground orchids and rhododendrons interspersed among tall junipers and taller silver firs are among the important plants present.
Incorrect
Kyongnosla Alpine Sanctuary is a wildlife sanctuary in East Sikkim. Rich in both flora and fauna, rare, endangered ground orchids and rhododendrons interspersed among tall junipers and taller silver firs are among the important plants present.
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Question 25 of 30
25. Question
Mahaydi River flows through which of the following states?
- Goa
- Karnataka
- Maharashtra
Select the correct code:
Correct
The river flows through Goa and Karnataka only. However the catchment extends to Maharashtra as well.
Incorrect
The river flows through Goa and Karnataka only. However the catchment extends to Maharashtra as well.
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Question 26 of 30
26. Question
Consider the following
- Jenu Kuruba
- Halakki
- Soligas
- Yeravas
To which of the given states, above tribes belong?
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Question 27 of 30
27. Question
Consider the following
Wildlife Sanctuary in News Associated States
- Netravali Wildlife Sanctuary :: Karnataka
- Gajner Wildlife Sanctuary :: Rajasthan
- Tungareshwar Wildlife Sanctuary :: Maharashtra
- Dalma Wildlife Sanctuary :: Bihar
Select the correct match:
Correct
Netravali Wildlife Sanctuary :: Goa
Gajner Wildlife Sanctuary :: Rajasthan
Tungareshwar Wildlife Sanctuary :: Maharashtra
Dalma Wildlife Sanctuary :: Jharkhand
Other WLS in news
- Kyongnosla Alpine Sanctuary :: Sikkim
- Gautam Buddha Wildlife Sanctuary :: Bihar and Jharkhand
- Sepahijala Wildlife Sanctuary :: Tripura
- Kamlang Wildlife Sanctuary :: Arunachal Pradesh
- Palkot Wildlife Sanctuary :: Jharkhand
- Lawalong Wildlife Sanctuary :: Jharkhand
- Bondla Wildlife Sanctuary :: Goa
Source:
https://www.downtoearth.org.in/coverage/mining/court-digest-major-environment-hearings-in-january-63274
https://www.thehindu.com/sci-tech/science/what-drives-flowering-fruiting-in-sikkims-rhododendrons/article26291088.ece
https://www.thehindu.com/sci-tech/energy-and-environment/bullet-train-gets-green-light-via-flamingo-haven-national-park/article26188009.ece
https://timesofindia.indiatimes.com/city/jamshedpur/dalma-villages-to-use-chilli-powder-to-tackle-jumbo-raids/articleshow/68098726.cms
https://timesofindia.indiatimes.com/india/jharkhand-sends-eco-zone-proposals-for-four-sanctuaries-to-centre/articleshow/67856966.cms
Incorrect
Netravali Wildlife Sanctuary :: Goa
Gajner Wildlife Sanctuary :: Rajasthan
Tungareshwar Wildlife Sanctuary :: Maharashtra
Dalma Wildlife Sanctuary :: Jharkhand
Other WLS in news
- Kyongnosla Alpine Sanctuary :: Sikkim
- Gautam Buddha Wildlife Sanctuary :: Bihar and Jharkhand
- Sepahijala Wildlife Sanctuary :: Tripura
- Kamlang Wildlife Sanctuary :: Arunachal Pradesh
- Palkot Wildlife Sanctuary :: Jharkhand
- Lawalong Wildlife Sanctuary :: Jharkhand
- Bondla Wildlife Sanctuary :: Goa
Source:
https://www.downtoearth.org.in/coverage/mining/court-digest-major-environment-hearings-in-january-63274
https://www.thehindu.com/sci-tech/science/what-drives-flowering-fruiting-in-sikkims-rhododendrons/article26291088.ece
https://www.thehindu.com/sci-tech/energy-and-environment/bullet-train-gets-green-light-via-flamingo-haven-national-park/article26188009.ece
https://timesofindia.indiatimes.com/city/jamshedpur/dalma-villages-to-use-chilli-powder-to-tackle-jumbo-raids/articleshow/68098726.cms
https://timesofindia.indiatimes.com/india/jharkhand-sends-eco-zone-proposals-for-four-sanctuaries-to-centre/articleshow/67856966.cms
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Question 28 of 30
28. Question
‘Sarvamoola Grantha’, the 800-year-old literary work is authored by:
Correct
Madhvacharya also known as Pūrna Prajña and Ānanda Tīrtha, was a Hindu philosopher and the chief proponent of the Dvaita (dualism) school of Vedanta.
Madhva called his philosophy Tatvavāda meaning “arguments from a realist viewpoint”.
Madhvacharya was born on the west coast of Karnataka state in 13th-century.
He was a critic of Adi Shankara’s Advaita Vedanta and Ramanuja’s Vishishtadvaita Vedanta teachings.
Madhvacharya proclaims himself to be the third avatar or incarnation of Vayu, wind god, the son of Vishnu.
He, thus, asserted himself to be like Hanuman the first avatar of Vayu, and Bhima a Pandava in the Mahabharata and the second avatar of Vayu.
Source:
https://www.thehindu.com/news/cities/bangalore/new-imaging-technology-to-the-aid-of-manuscripts/article26295405.ece
Incorrect
Madhvacharya also known as Pūrna Prajña and Ānanda Tīrtha, was a Hindu philosopher and the chief proponent of the Dvaita (dualism) school of Vedanta.
Madhva called his philosophy Tatvavāda meaning “arguments from a realist viewpoint”.
Madhvacharya was born on the west coast of Karnataka state in 13th-century.
He was a critic of Adi Shankara’s Advaita Vedanta and Ramanuja’s Vishishtadvaita Vedanta teachings.
Madhvacharya proclaims himself to be the third avatar or incarnation of Vayu, wind god, the son of Vishnu.
He, thus, asserted himself to be like Hanuman the first avatar of Vayu, and Bhima a Pandava in the Mahabharata and the second avatar of Vayu.
Source:
https://www.thehindu.com/news/cities/bangalore/new-imaging-technology-to-the-aid-of-manuscripts/article26295405.ece
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Question 29 of 30
29. Question
Continental drift almost 100 million years ago created many species of ‘X’ in the world’s tropics. According to recent development, what is X being referred to here?
Correct
Fossils and advanced genetic methods to study relationships between species now tell an intriguing story about a group of tropical centipedes.
Continental drift (the moving apart of continents) almost 100 million years ago created many species of Ethmostigmus centipedes in the world’s tropics.
In the Indian peninsula, these centipedes first originated in the southern and central Western Ghats, and then spread across the ranges here, finds a study published in BMC Evolutionary Biology.
India is home to six, fairly large Ethmostigmus centipedes: four dwell in the Western Ghats, one in the Eastern Ghats and one in north-east India. Africa, south-east Asia and Australia are also home to other species of Ethmostigmus centipedes.
Source:
https://www.thehindu.com/sci-tech/energy-and-environment/moving-continents-created-new-centipede-species/article26224724.ece
Incorrect
Fossils and advanced genetic methods to study relationships between species now tell an intriguing story about a group of tropical centipedes.
Continental drift (the moving apart of continents) almost 100 million years ago created many species of Ethmostigmus centipedes in the world’s tropics.
In the Indian peninsula, these centipedes first originated in the southern and central Western Ghats, and then spread across the ranges here, finds a study published in BMC Evolutionary Biology.
India is home to six, fairly large Ethmostigmus centipedes: four dwell in the Western Ghats, one in the Eastern Ghats and one in north-east India. Africa, south-east Asia and Australia are also home to other species of Ethmostigmus centipedes.
Source:
https://www.thehindu.com/sci-tech/energy-and-environment/moving-continents-created-new-centipede-species/article26224724.ece
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Question 30 of 30
30. Question
Consider the following statements and find the correct answer:
- The plant has traditional uses in Ayurveda.
- It is also known as ‘False Daisy’ and is found across the Indian subcontinent.
- A present study found that this plant has the highest lead tolerance.
Select the correct code: