IASbaba's Daily Static Quiz
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DAILY STATIC QUIZ (PYQs)
It will cover PYQs all the topics of static subjects – Polity, History, Geography, Economics, Environment and Science and technology.
Daily 5 questions (Monday to Saturday) will be posted from static topics (PYQs)
The questions will be in the quiz format so you will be able to answer them directly on the portal.
Schedule
- Week 1 – Polity
- Week 2 – Economics
- Week 3 – History and Art & Culture
- Week 4 – Geography
- Week 5 – Environment and Science & Technology
Same cycle will be repeated from Week 6.
Make the best use of the initiative. All the best!
To Know More about Ace the Prelims (ATP) 2021 – CLICK HERE
Important Note:
- Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂
- After completing the 5 questions, click on ‘View Questions’ to check your score, time taken and solutions.
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Question 1 of 5
1. Question
With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?
- Balance of trade
- Foreign assets
- Balance of invisibles
- Special Drawing Right
Select the correct answer using the code given below.
Correct
Solution (c)
Current Account includes export and import of visibles (merchandise or goods – represent trade balance) and invisibles (non-merchandise).
Incorrect
Solution (c)
Current Account includes export and import of visibles (merchandise or goods – represent trade balance) and invisibles (non-merchandise).
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Question 2 of 5
2. Question
‘Pradhan Mantri Jan-Dhan Yojana’ has been launched for (2015)
Correct
Solution (c)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
Objectives:
- Ensure access of financial products & services at an affordable cost
- Use of technology to lower cost & widen reach
Incorrect
Solution (c)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
Objectives:
- Ensure access of financial products & services at an affordable cost
- Use of technology to lower cost & widen reach
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Question 3 of 5
3. Question
In the ‘Index of Eight Core Industries’, which one of the following is given the highest weight?
Correct
Solution (b)
As per the year 2020, the eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
- Petroleum & Refinery production 28.04 %
- Electricity generation 19.85 %
- Steel production 17.92 %
- Coal production 10.33 %
- Crude Oil production 8.98 %
- Natural Gas production 6.88 %
- Cement production 5.37 %
- Fertilizers production 2.63 %
Incorrect
Solution (b)
As per the year 2020, the eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
- Petroleum & Refinery production 28.04 %
- Electricity generation 19.85 %
- Steel production 17.92 %
- Coal production 10.33 %
- Crude Oil production 8.98 %
- Natural Gas production 6.88 %
- Cement production 5.37 %
- Fertilizers production 2.63 %
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Question 4 of 5
4. Question
The Fair and Remunerative Price (FRP) of surgarcane is approved by the (2015)
Correct
Solution (a)
The Cabinet Committee on Economic Affairs (CCEA) approve the proposal in respect of Determination of ‘Fair and Remunerative Price’
Incorrect
Solution (a)
The Cabinet Committee on Economic Affairs (CCEA) approve the proposal in respect of Determination of ‘Fair and Remunerative Price’
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Question 5 of 5
5. Question
When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen? (2015)
Correct
Solution (c)
The SLR cut by the RBI is likely to give more space for banks to cut rates.
The SLR is the portion of deposits banks are required to hold in the form of gold or government securities before providing credit to customers.
The repo rate is the rate at which the central bank lends money to banks. CRR is the portion of total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.
Incorrect
Solution (c)
The SLR cut by the RBI is likely to give more space for banks to cut rates.
The SLR is the portion of deposits banks are required to hold in the form of gold or government securities before providing credit to customers.
The repo rate is the rate at which the central bank lends money to banks. CRR is the portion of total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.
