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
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Question 1 of 5
1. Question
Consider the following statements:
- In terms of short -term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.
- One of the most important functions of DCCBs is to provide funds to the Primary Agriculture Credit Societies.
Which of the statements given above is/are correct?
Correct
Solution (a)
District Central Co-operative Banks provides funds to credit societies and not to individuals directly, hence the first statement is incorrect. Scheduled Commercial Banks account for most of the credit in the agriculture sector.
DCCBs act as a balancing center for Primary Agricultural Credit Societies (PACS). This is done by diverting the surplus funds of some societies to those who face shortages of funds
https://shodhganga.inflibnet.ac.in/bitstream/10603/106254/9/09_chapter%203.pdf
Incorrect
Solution (a)
District Central Co-operative Banks provides funds to credit societies and not to individuals directly, hence the first statement is incorrect. Scheduled Commercial Banks account for most of the credit in the agriculture sector.
DCCBs act as a balancing center for Primary Agricultural Credit Societies (PACS). This is done by diverting the surplus funds of some societies to those who face shortages of funds
https://shodhganga.inflibnet.ac.in/bitstream/10603/106254/9/09_chapter%203.pdf
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Question 2 of 5
2. Question
With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:
- Worker productivity (per worker at 2004 — 05 prices) increased in urban areas while it decreased in rural areas.
- The percentage share of rural areas in the workforce steadily increased.
- In rural areas, the growth in the non-farm economy increased.
- The growth rate in rural employment decreased.
Which of the statements given above is/are correct?
Correct
Solution (b)
Statement 1: Workers productivity increase in both Urban and Rural areas but the rate of increase was high in Urban compared to Rural areas.
Statement 2: The percentage share of rural areas in the workforce increased for male but reduced for females.
Statement 3: In rural areas, the growth in the non-farm economy increased.
Statement 4: Growth rate was positive but the rate of growth got increased after 1992 liberalization.
Incorrect
Solution (b)
Statement 1: Workers productivity increase in both Urban and Rural areas but the rate of increase was high in Urban compared to Rural areas.
Statement 2: The percentage share of rural areas in the workforce increased for male but reduced for females.
Statement 3: In rural areas, the growth in the non-farm economy increased.
Statement 4: Growth rate was positive but the rate of growth got increased after 1992 liberalization.
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Question 3 of 5
3. Question
If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do?
- Cut and optimize the Statutory Liquidity Ratio
- Increase the Marginal Standing Facility Rate
- Cut the Bank Rate and Repo Rate
Select the correct answer using the code given below:
Correct
Solution (b)
When expansionist monetary policy has to be enforced, in simple terms it means money flow in the market should be increased, for that RBI takes several Qualitative and quantitative measures such as decreasing Repo Rate, SLR etc.
https://www.economicsdiscussion.net/reserve-bank/monetary-policy-of-rbi-policy-of-credit-expansion-control-with-evaluation/31364
https://iasbaba.com/2020/05/rbi-new-announcement-to-boost-economy-all-india-radio-air-ias-upsc/
Incorrect
Solution (b)
When expansionist monetary policy has to be enforced, in simple terms it means money flow in the market should be increased, for that RBI takes several Qualitative and quantitative measures such as decreasing Repo Rate, SLR etc.
https://www.economicsdiscussion.net/reserve-bank/monetary-policy-of-rbi-policy-of-credit-expansion-control-with-evaluation/31364
https://iasbaba.com/2020/05/rbi-new-announcement-to-boost-economy-all-india-radio-air-ias-upsc/
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Question 4 of 5
4. Question
With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?
- Quantitative restrictions on imports by foreign investors are prohibited.
- They apply to investment measures related to trade in both goods and services.
- They are not concerned with the regulation of foreign investment.
Select the correct answer using the code given below:
Correct
Solution (c)
This Agreement, negotiated during the Uruguay Round, applies only to measures that affect trade in goods. Recognizing that certain investment measures can have trade-restrictive and distorting effects, it states that no Member shall apply a measure that is prohibited by the provisions of GATT Article III (national treatment) or Article XI (quantitative restrictions).
Incorrect
Solution (c)
This Agreement, negotiated during the Uruguay Round, applies only to measures that affect trade in goods. Recognizing that certain investment measures can have trade-restrictive and distorting effects, it states that no Member shall apply a measure that is prohibited by the provisions of GATT Article III (national treatment) or Article XI (quantitative restrictions).
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Question 5 of 5
5. Question
In India, why are some nuclear reactors kept under “IAEA Safeguards” while others are not?
Correct
Solution (b)
India will decide on the number of new reactors to be placed under IAEA safeguards only after assessing if these will be fuelled by uranium procured from abroad.
For those procured form abroad, will come under IAEA safeguards and those using domestic will be outside its preview.
Incorrect
Solution (b)
India will decide on the number of new reactors to be placed under IAEA safeguards only after assessing if these will be fuelled by uranium procured from abroad.
For those procured form abroad, will come under IAEA safeguards and those using domestic will be outside its preview.
