fbpx

IASbaba’s 60 Day Plan – IAS Prelims Test Series 2021 – ECONOMICS, CURRENT AFFAIRS & CSAT [Day 21]

  • IASbaba
  • April 14, 2021
  • 0
IASbaba Prelims 60 Days Plan
Print Friendly, PDF & Email

For Previous (ARCHIVES) – CLICK HERE

Hello Friends, 

 

ARCHIVES OF 60 DAYS

NOTE: IASbaba’s 60 DAY questions will be posted around 10 AM. The solution will be released around 6 PM Daily. 

Let us pledge to make it a big game-changer (better than last year) in the next 60 days!

Note- Download the OMR Sheet and attempt the questions exactly like UPSC Prelims. After you are done, please post your OMR in the comment section. Once the solution key is released (around 6 PM), cross-check the answers and, comment the marks (you scored) in the same comment thread. This will keep you accountable, responsible and sincere in days to come. 

You can also take part in the discussion with peers.  


ECONOMICS [DAY 21] 


Q.1) What best describes the policy of “Pump Priming”?

  1. Policy of increasing tax and increasing government expenditure
  2. Policy of lowering tax and increasing government expenditure
  3. Policy of increasing tax and lowering government expenditure
  4. Policy of lowering tax and lowering government expenditure

Q.2) Consider the following medium of money supply:

  1. Currency with public
  2. Demand deposits with Commercial banks
  3. Time deposits with Commercial banks
  4. Demand deposits with Post Office Saving Bank
  5. Time deposits with Post Office Saving Bank

Which of the given medium is included in M3 indicator, usually known as Aggregate Money Supply?

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

Q.3) Which of the following is likely to happen, when RBI will increase Statuary Liquidity Ratio by 50 basis point?

  1. It may drastically increase the liquidity to the banking system.
  2. India’s GDP growth rate falls drastically.
  3. Foreign Institutional Investor may take more capital out from country.
  4. Scheduled Commercial Banks may increase their Lending rates.

Q.4) ‘Financial Stability Report’, which outlines the risks to financial stability as well as the resilience of the financial system in the contemporary context, is released by –

  1. Ministry of Finance
  2. Ministry of Commerce
  3. Reserve Bank of India
  4. None of the above

Q.5) Consider the following pairs:

(Committee) : : (Associated with)

  1. Arvind Mayaram Committee : : FDI liberalizations
  2. Tarapore committee : : Capital account convertibility
  3. N K Singh committee : : Fiscal Responsibility and Budget Management (FRBM) review

Which of the pairs given above is/are correct?

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

Q.6) Consider the following statements

  1. Monetary policy deals with supply of money in the market and it is handled by Finance ministry at the centre.
  2. Fiscal policy deals with financing the needs of the nation, it is carried out by central Bank i.e., RBI.

Choose the correct statement/s using the codes given below:

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

Q.7) In which of the following situation would a contractionary fiscal policy be adopted?

  1. Hyper-inflation
  2. Galloping inflation
  3. Recession
  4. Economic boom

Choose the correct answer using the codes given below

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

Q.8) Match the following statements with the related terms given below:

Description Monetary Policy tool
1.     It is rate at which scheduled banks can borrow funds overnight from RBI against government securities. A.     Reverse Repo Rate
2.     It is the amount that banks have to maintain a stipulated proportion of their net demand and time liabilities (NDTL) in form of liquid assets. B.     Repo Rate
3.     It is amount of funds that banks have to keep with RBI. C.     Marginal Standing Facility (MSF) Rate
4.     It is rate at which banks lend funds to RBI. D.     Cash Reserve Ratio (CRR)
E.     Statutory Liquidity Ratio (SLR)

Select the correct answer using the following codes:

  1. 1-E; 2-C; 3-B; 4-A
  2. 1-E; 2-C; 3-A; 4-B
  3. 1-C; 2-E; 3-D; 4-A
  4. 1-C; 2-E; 3-D; 4-B

Q.9) Which of the following measures would result in an increase in the money supply in the economy?

  1. Purchase of government securities by the Central Bank
  2. Deposit of currency in the commercial bank
  3. Increasing reverse repo rate by the central bank
  4. Sale of government securities to the public by the Central Bank

Select the correct answer using the codes given below:

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

Q.10) Consider the following statements with respect to Core Inflation:

  1. Core inflation excludes food and fuel components while calculating inflation.
  2. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.

Which of the above statement is/are correct?

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

Q.11) Consider the following statements with reference to their definition:

  1. Deflation: is a situation in which the rate of inflation falls over a period of time.
  2. Disinflation: is when the overall price level in the economy falls for a period of time.
  3. Headline inflation: it demonstrates overall inflation in the economy

Which of the above statement is/are correct?

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

Q.12) Consider the following statements about Open Market Operations of Reserve Bank of India:

  1. RBI buying Government Security means money supply will decrease in the market.
  2. RBI selling Government Security means money supply will increase in the market.

Choose the correct answer from given options below:

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

Q.13) Consider the following statements regarding the Long-Term Repo Operation (LTRO):

  1. LTRO offers lower interest rate as compared to Bank rate.
  2. Only government securities are accepted as collateral.
  3. Corporate bond market will get boost from LTRO operations.

Which of the statements given above is/are correct?

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

Q.14) When inflation or ‘inflation expectation’ in the economy is high, RBI tries to keep the policy rate at a higher level to:

  1. Lower the money circulation in the economy.
  2. Lower the economic activity in economy.
  3. Lower the purchasing power parity.
  4. Lower the purchasing power of money.

Select the correct option:

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

Q.15) Which of the following is/are the implication of inflation?

  1. Money loses value
  2. Consumer’s purchasing power gets eroded
  3. Exports price more and imports cost less

Select the correct option:

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

Q.16) Consider the following statements about Price Index:

  1. Consumer Price Index (All India) is released by National Statistical Office.
  2. Weight of Household goods & Services is less than weight of food and beverages.
  3. Core CPI is Headline CPI minus inflation in food & energy.

Which of the above statements is/are correct?

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

Q.17) Which of the following will cause cost push inflation?

  1. Increase in the price of oil
  2. Lockdown during COVID-19 and shutting of factories.
  3. Locust attack and large-scale damage to the crops.
  4. Implementation of 7th pay commission.

Select the correct option:

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

Q.18) Consider the following statements:

  1. Lending institutions raise the interest rate during inflation.
  2. Inflation is advantageous to borrowers and loss to lenders.

Choose the correct answer using the codes given below:

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

Q.19) Which of the following are fiscal measures to combat inflation?

  1. Credit control
  2. Increase in Taxes
  3. Public debt
  4. Demonetization of currency

Choose the correct answer using the codes given below:

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

Q.20) Consider the following statements:

  1. The GDP deflator measures the prices of all goods and services produced, unlike the CPI which measures the prices of only the goods and services bought by consumers.
  2. The GDP deflator includes only domestically produced goods.

Choose the correct answer using the codes given below:

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

Q.21) With reference to G20, consider the following statements:

  1. Its members account for more than 80% of world GDP.
  2. One of its objectives is to create a new international financial architecture.
  3. Its permanent secretariat located in Geneva, Switzerland.

Which of the statements given above is/are correct?

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

Q.22) The Great Barrington Declaration often seen in news is related to which of the following?

  1. Implementation of Paris Agreement on Climate Change
  2. An alternative approach to the COVID-19 pandemic
  3. Establish rule based global governance
  4. Prevent and reduce plastic pollution to protect marine biodiversity

Q.23) The technology of desalination plant has been experimented in which of the following States of India?

  1. Kerala
  2. Gujarat
  3. Tamil Nadu
  4. Maharashtra
  5. Karnataka

Select the correct answer using the code given below:

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

Q.24) Consider the following pairs:

Marine Protected Area Ocean associated
1.     Ross sea Southern Ocean
2.     Phoenix Islands Pacific Ocean
3.     Tristan da Cunha Indian Ocean

Which of the pairs given above are correctly matched?

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

Q.25) Which of the following sectors are included in Production-Linked Incentive (PLI) Scheme for enhancing India’s manufacturing capabilities?

  1. Telecom and Networking Products
  2. Automobiles Components
  3. Food products
  4. Speciality Steel

Select the correct answer using the code given below:

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

Q.26) Match the following technologies in Drinking Water and Sanitation which were recommended recently by the Technical Committee:

Methods Technology
1.     A solar energy based water treatment plant based on ultra-filtration A.     Johkasou technology
2.     An inbuilt sewage and Kitchen and bath water treatment system B.     FBTec
3.     An Internet of things (IoT) based electric vehicle C.     GrundfosAQpure
4.     A decentralised sewage treatment system using fixed filter media D.     Janajal Water on Wheel

Select the correct answer using the code given below:

  1. 1 – A; 2 – C; 3 – D; 4 – B
  2. 1 – A; 2 – C; 3 – B; 4 – D
  3. 1 – C; 2 – A; 3 – D; 4 – B
  4. 1 – C; 2 – A; 3 – B; 4 – D

Q.27) Which of the following State government passed a resolution to recognise Sarna religion and include it as a separate code in the Census of 2021?

  1. Orissa
  2. Chhattisgarh
  3. Rajasthan
  4. Jharkhand

Q.28) With reference to M dwarfs consider the following statements:

  1. These are the stars that have masses more than 50 percent of the Sun’s mass.
  2. More than 70 percent of all stars in our Galaxy are M dwarfs.
  3. These are often referred to as “failed stars”.

Which of the statements given above is/are correct?

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

Q.29) Which of the following is the first country in the world to make period products free for all?

  1. Ireland
  2. Costa Rica
  3. Scotland
  4. Norway

Q.30) The Commission for Air Quality Management (CAQM) replaces which of the following organisation?

  1. National Green Tribunal (NGT)
  2. Environment Pollution Prevention and Control Authority (EPCA)
  3. Central Pollution Control Board (CPCB)
  4. Centre for Science and Environment (CSE)

Directions for the following 3 (three) questions:

Read the following passage and answer the questions that follow. Your answer to these questions should be based on passage only.

Ani Di, our Manav Sadhna family member from UK, had been mentoring and guiding our lovely Paryavaran Mitra sisters on the values of life such as kindness, gratitude etc.

Last two Saturday Specials, she planted the seeds of ‘Joy of giving’ within the sisters. The experiment was very simple. Rs.50 was gifted to each sister and they were humbly asked to spend it in a thoughtful manner trying to bring smile on the faces around us. Idea was to make ourselves aware of the feeling we go through when we do something for someone with selfless intention. It could simply be spending time with someone, sharing something with someone. Sisters were given a week time to implement this experiment.

One of our sisters Laxmiben fed cows buying fresh grass from this amount while Muriben got 50 toffees and treated every kid coming her way. Ratanben made shira/halwa(Indian sweet which is luxury for our sisters) for feeding the street dog while Mogiben got another sweets for the kids of our pre-school. All were excited and proud to share their joyful experience.

The underlying learning we all had was that practicing the Joy of giving makes our soul happier and healthier.

Q.31) According to the passage, what is the only thing needed to practice ‘Joy of Giving’?

  1. Intention
  2. Money
  3. Time
  4. None of these

 

Q.32) What is the underlying learning from the experiment of ‘Joy of Giving’?

  1. It makes the person at the receiving end happy and satisfied.
  2. The soul of the person practicing these acts is happier and healthier.
  3. Everyone loves the act of giving and feel happy about it.

Which of the following options is/are correct?

  1. Only 1
  2. Both 1 and 2
  3. Both 2 and 3
  4. All of these

 

Q.33) Is it important to practice the Joy of Giving with a selfless intention?

  1. Yes
  2. No
  3. Not sure
  4. None of these

Q.34) What is the area of the shaded portion if each side of the square measures 21 cm?

  1. 86.5 cm2
  2. 102 cm2
  3. 94.5 cm2
  4. 81.5 cm2

Q.35) The price of sugar is increased by 20%. By what percentage must one cut down on the consumption of sugar, so that no extra amount has to be incurred on sugar?

  1. 14(1/3)%
  2. 16(2/3)%
  3. 18%
  4. 19(1/3)%

NOTE- Follow this for Comments

  1. Mention- Time Taken after solving the Test

  2. After the release of Solution, Edit your Comment to Mention-  Correct/Incorrect and Score

  3. 2 Marks for Correct/0.66 minus for Incorrect.


What IMPACT can the ‘60 Day’ have on the final results? We will explain by taking a small example. Imagine you are sitting in the examination hall, appearing in Prelims Paper I. You have attempted 70 questions already but still unsure about a few. Then you stumble upon a question that was asked in 60 Day (and believe us, it has happened to hundreds of students countless times). You choose the right answer and submit your paper hoping for the best! Eventually, you go on to clear Mains as well as Personality Test and secure a good rank as well. When the cut off gets announced by UPSC, you realize that you have scored just one mark more than the cut off! Yes, that one mark can change your life (and it has done so to many of our students in the past). Now, imagine the kind of impact 60 to 80 marks can have! Isn’t that so fascinating to imagine?  

One’s level of preparedness is always different for different subjects. Even within a subject, one’s comfort level may vary with topics. For example, one might be more comfortable in solving questions of Polity than Economics and within Polity also, one might be at ease with questions on fundamental rights than Parliament. The level of comfort and ease that one has with a subject/ topic gets manifested in the examination. However, there is no conscious effort by aspirants to micro analyze these aspects. Now, coming to the second aspect i.e. the mistakes that one commits in answering MCQs, it can be said that there are mainly four reasons behind incorrect responses in the OMR sheet. They are:

  1. Lack of information
  2. Lack of analytical ability
  3. Silly mistakes
  4. Excessive risk-taking

Let’s analyze them one by one:

  1. Lack of information: You simply don’t know the information. You are clueless and that’s why you don’t attempt the question. For example, you may have never come across a regime called the ‘Wassenaar Agreement’ during your preparation and you can’t do much about it. The lack of information is pardonable and rectifiable. You can read more and gather more information. That is within your reach.
  2. Lack of analytical ability: You know the concept but the question is a twisted one and you are not able to apply the concept. For example, in a question asking you to identify the climate type of a region based on certain given parameters like precipitation, temperature, and air density, you might find it difficult to mark the correct option even if you are aware of all the options given in the question! That is clearly a lack of application and you can overcome it by developing a habit of framing questions in your mind while you study any topic.
  3. Silly mistakes: This habit is unpardonable. You know the concept, you become happy, you misread the question, you mark the incorrect answer and you are out of the race! Such mistakes reveal your hurriedness while answering the question. A simple mistake of reading ‘chose the incorrect option’ as ‘chose the correct option’ can destroy your chances. It means that you need to have patience and focus while attempting the paper.
  4. Excessive risk-taking: You are confused between the options and just in order to increase your attempts, you make wild guesses and try your luck only to repent eventually. Risk-taking is an art and one must be very careful while doing the guesswork in confusing questions. If you are not lucky enough, it can spoil your chances.

You will realize that these problems will have different meanings for different people. For example, one might find a lack of information as the main culprit in answering wrong the questions on Culture while in Polity, lack of analytical ability is usually the culprit. The point here is that you must analyse your preparation on these yardsticks by applying them on different subjects/ topics. If one is having a headache, he/ she can’t have the same medicine for fever. Isn’t it.

This is where our revamped ’60 Day’ comes into the picture. It will give you an opportunity to micro analyze your preparation and perform better in the examination.

Finally, it is up to you to take advantage of this framework. We are sure of only one thing- if you follow this program, assess yourself on the basis of the given framework and keep improving your weaker areas, success will be yours.

We are providing you with the right platform, the right guidance, and the right competition. Do you have the right motivation to make full use of this initiative? We think you have. Come, be a part of this initiative and take the first step towards SUCCESS!


Importance of self – tracking:

We could have provided all of you with login id and passwords to monitor your daily performance in the 60-day program.

Instead, a simple and most beautiful way which Disqus provides is profile based commenting!

Yes, we have seen the most successful candidates who have taken the maximum benefit from this program monitoring themselves by commenting on their answers in the box given (Disqus comment). And reviewing their performance themselves once in 10 days on the progress meter.

DOWNLOAD THE 60 DAYS PLAN 2021

SOLUTION- Download Here

ENTER YOUR PERFORMANCE AND GET YOUR RANK- Click Here

Important:

  • Ranks and Cut off will be calculated for the entries in the given form only. Cut Off will be released around 10PM and Rank List will be announced soon.
  • Top 10 performers will be selected by finding the average ranks of entire 60 Days Programme and they would get FREE GUIDANCE and MENTORSHIP from IASbaba’s Core Team.

RANK LIST: TOP 30 PERFORMERS

Congratulations to all

RANK NAME SCORE
1 Taranpreet kaur 60
2 Mansi 58
2 Devendra Raghav 58
3 Shubam Singhla 56
4 Tapish Kothari 54.66
5 Naveen 54
6 Deepika gupta 52
7 S RAHEEM BASHA 50
8 Sankar S 49.34
9 Tarunkumar M N 48
9 Manideepa pal 48
9 S RAHEEM BASHA 48
10 priyanka meena 47.36
10 Ravi Kumar singh 47.34
10 Piyush Verma 47.33
11 Swati Jindal 47.33
12 Smaranika Dash 45.36
13 Yateen Deepak 45
13 Rajesh Naidu 45
14 Shorya Goel 43.36
15 TINKU MITTAL 42.67
16 Raj 42
16 saikiran b 42
16 shilpa 42
17 Apeksha Agrawal 41.34
18 shubham varma 40
18 Pooja Naik 40
18 Sherlock 40
18 himant 40
18 Aditi Sharma 40
18 Santosh Kumar 40
18 Vaishnavi Bacchu 40
18 SURYA S 40
18 Harsh Vardhan 40
18 ESTER FATUM 40
19 rani singh 39.36
19 anukriti 39.34
20 Rakshitha 39
21 Sakshi Jain 38
21 Vanshika 38
21 Prashant Gautam 38
21 Pallavi P 38
22 Sravan 37.88
23 AKSHAY 37.33
24 ANUSHRI GAUR 36
24 ANUSHRI GAUR 36
25 SUMIT KUMAR 35

All the Best!

IASbaba

 

 

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....