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IASbaba’s 60 Day Plan – IAS Prelims Test Series 2021 – ECONOMICS, CURRENT AFFAIRS & CSAT [Day 58]

  • IASbaba
  • May 27, 2021
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IASbaba Prelims 60 Days Plan
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Hello Friends, 

ARCHIVES OF 60 DAYS

NOTE: 

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 5 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 58] 


Q.1) Which of the following items comes under essential commodity list?

  1. Cereals
  2. Pulses
  3. Oils
  4. Potato
  5. Onion

Select the correct answer using the code given below:

  1. 1, 2, 3 and 5 only
  2. 2, 3 and 5 only
  3. 3 and 5 only
  4. All of the above

Q.2) Consider the following statement about ‘Financial Stability and Development Council’:

  1. It is a statutory apex council under the Ministry of Finance constituted under Finance Act in 2010.
  2. It is chaired by the Finance Minister.
  3. It will assess the functioning of the large financial conglomerates.

Which of the above given statement is incorrect?

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

Q.3) PAiSA Portal launched by Ministry of Housing and Urban affairs is related to:

  1. Loans provided for housing development under PMAY – Urban
  2. Subsidy for the green and hybrid vehicle under FAME India
  3. Credit to vendors affected by Covid-19 under PM SVANidhi
  4. Interest Subvention for the loans under DAY-NULM

Q.4) Which of the following statements with reference to Arbitration and Conciliation Act, 2019 is/are incorrect?

  1. It provides for establishment of an independent body called Arbitration council of India.
  2. Under the act, appointment of Arbitrator will be done by President of India.
  3. It removes time restrictions for international commercial arbitrations.

Select the appropriate code:

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

Q.5) Consider the following statements with reference to National Policy on Electronics, 2019:

  1. Its objective is to produce 1 trillion mobile handset in India by 2022.
  2. It envisions to create a sovereign patent fund for the promotion, development and acquisition of Intellectual Property (IPs) in Electronic System Design and Manufacturing (ESDM) sector.
  3. It was launched by NITI Aayog.
  4. This was the first time a Policy has been launched especially for electronics sector.

Which of the above given statements is /are correct?

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

Q.6) Which of the following statement is correct about Fugitive Economic offenders act, 2018?

  1. To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act.
  2. Enforcement directorate(ED) will be apex agency to implement the law.
  3. Under the act, the burden of proof lies on individual that he is not a fugitive offender.

Select the correct answer from the given code:

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

Q.7) Which of the following authority can notify a contract as Qualified Financial Contract?

  1. Reserve Bank of India
  2. Securities and Exchange Board of India (SEBI)
  3. Insurance Regulatory and Development Authority of India (IRDAI),
  4. Pension Fund Regulatory and Development Authority (PFRDA)
  5. International Financial Services Centres Authority (IFSCA)

Select the correct answer using the code given below:

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

Q.8) Which of the following body will be represented at International Financial Services Centres Authority?

  1. Reserve Bank of India
  2. Securities Exchange Board of India
  3. Insurance Regulatory and Development Authority of India
  4. Pension Fund Regulatory and Development Authority
  5. BSE Sensex

Select the correct answer using the code given below:

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

Q.9) Consider the following statement about UDAN scheme-

  1. It will be implemented by Ministry of civil aviation.
  2. It is a key component of National civil aviation policy 2016.
  3. It aims to establish about 100 airports in 10-15 years with the support of Private sector.

Choose the correct answer from the given below options-

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

Q.10) Consider the following statements regarding Consumer protection act of 2019:

  1. It for the first time provides separate regulator for the protection, enforcement and promotion of consumer rights
  2. It provides mechanism for redressing consumer complaints if there is a defect in the goods only.
  3. The highest appellate authority provided under this act is National Consumer dispute resolution commission.
  4. The new Act also introduces the concept of product liability.

Choose the correct answer from given below options:

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

Q.11) Consider the following statements recently announced Vehicle Scrapping Policy :

  1. It will be implemented by Ministry of Road Transport and Highway
  2. Under the new scrappage policy, personal vehicles and commercial vehicles which fail fitness tests after 15 years and 10 years will not be allowed to ply.
  3. Under the policy, anyone scrapping an old vehicle will get a certificate of scrapping.

Choose the correct answer from given below options:

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

Q.12) Government has recently launched ‘Samarth scheme’ for skill development and capacity building in

  1. Clean energy sector
  2. Textile sector
  3. Construction Sector
  4. Artificial intelligence

Q.13) Consider the following statements about recent initiatives of Ministry of Coal.

  1. Uttam application was launched to monitor the quality of coal.
  2. Khanan Praharari was launched for reporting any activity taking place related to illegal coal mining like rat hole mining, pilferage etc.
  3. Prakash portal was launched with an aim to promote cleaner and sustainable technology for coal mining

From the following options, choose the correct answer.

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

Q.14) Consider the following statements regarding ‘New Labour Code’:

  1. Industrial Establishment which have less than 1000 workers will not have to furnish standing order.
  2. Legal Strike by workers of the industry will be difficult, if new labour code applies.
  3. New Labour codes will make retrenchment flexible and easy.

Which of the above given statements is/are correct?

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

Q.15) Consider the following statements about ‘Steel sector in India:

  1. Steel Industry contributes to about 2% of the country’s GDP and employs about 5 lakh people directly.
  2. India is 2nd largest producer of crude steel in the world.
  3. The New Steel Policy, 2017 aspires to achieve 300MT of steel-making capacity by 2030.

Which of the above statements are correct?

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

Q.16) Consider the following statements about “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)”:

  1. It is a centrally sponsored scheme to supplement the financial needs of Farmers.
  2. Responsibility of identification of beneficiary farmer families rests with the State / UT Governments.
  3. Beneficiaries of this scheme are all farmers irrespective of their land size.

 Which of the above given statements is/are correct?

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

Q.17) Consider the following statements with respect to “PM Garib Kalyan Ann Yojna”:

  1. Under it, People getting benefit of PDS will get extra 5 kg of wheat or rice.
  2. State government will share cost of transportation and distribution cost.
  3. More than 60% people are getting benefit of this scheme.

Select the correct answer using the code given below:

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

Q.18) Consider the following statements about ‘The Pradhan Mantri Innovative Learning Programme – DHRUV’:

  1. It has launched by Ministry of Science and Technology.
  2. Under it, special students will be given special care for 5 year programme.
  3. Both Science and Art subjects have been included in this programme.

Which of the above statements is/are correct?

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

Q.19) Consider the following statements regarding ‘PMGDISHA’:

  1. One of the component of Digital India, it aims of digital literacy for all people residing in both urban and rural areas.
  2. The course provided under this scheme is totally free.
  3. Each eligible family can nominate only one member for this scheme.

Which of the above given statements is/are correct?

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

Q.20) Open market sale scheme, often seen in news is associated with

  1. Sale of government securities by RBI
  2. Sale of government stake in PSUs
  3. Sale of commercial papers by MNCs
  4. Sale of food-grains by Government / Government agencies

Q.21) Which of the following fact is correct about Non-convertible debentures:

  1. They are financial instrument that is used by companies to raise long-term capital.
  2. People investing in NCDs earn market interest which keeps fluctuating.

Which of the above given statements is / are correct?

  1. 1 only
  2. 2 only
  3. Both
  4. None

Q.22) Consider the following statements regarding ‘Global COVAX Alliance’ recently seen in news:

  1. COVAX is co-led by Gavi, the Coalition for Epidemic Preparedness Innovations (CEPI) and WHO.
  2. It is a worldwide initiative aimed at providing equitable access to anti-Covid vaccines.

Which of the above given statement is/are correct?

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

Q.23) Which of the following conditions is / are favourable for the formation of Tropical cyclones?

  1. Large sea surface with temperature higher than 27° C.
  2. Large variations in the vertical wind speed.
  3. A pre-existing weak low- pressure area
  4. Presence of the Coriolis force

Choose the correct option:

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

Q.24) Consider the following statement about ‘The Real Estate (Regulation and Development) Act, 2016:

  1. It seeks to protect home-buyers as well as help boost investments in the real estate sector.
  2. The act prohibits foreign investment in the real estate sector.
  3. Under the Act, Promoters are required to maintain “project based separate bank accounts” to prevent fund diversion.

Which of the above statement is/are incorrect?

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

Q.25) Which of the following agency/institution has released a report titled ‘Nature in a Globalised World: Conflict and Conservation’?

  1. WWF for Nature
  2. Conservation international
  3. IUCN
  4. Birdlife international

Q.26) Consider the following statements about Particularly Vulnerable Tribal Groups (PVTGs).

  1. Dhebar commission report was instrumental in PVTGs categorisation.
  2. Among the 85 listed PVTG’s the highest number are found in Odisha, followed by Madhya Pradesh.
  3. The PVTG of Sahariyas has the highest population.

Which of the given statement is/ are correct?

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

Q.27) Consider the following statements:

  1. He became the congress president in 1905 session held in Banaras.
  2. He was elected to the Council of India of the Governor-General of India in 1903.
  3. He started English weekly newspaper, The Hitavada.
  4. Gandhi wrote a book dedicated to him.

Which of the following personality is being referred here?

  1. C F Andrews
  2. Gopal Krishna Gokhale
  3. Dadabhai Naoroji
  4. Bal Gangadhar Tilak

Q.28) Consider the following statements about State Disaster Response Fund (SDRF):

  1. The Centre contributes 75% of the SDRF allocation for general category States and Union Territories and 90% for special category States and Union Territories.
  2. The annual Central contribution is released in two equal instalments as per the recommendation of the Finance Commission.

Which of the given statement is/are incorrect?

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

Q.29) ‘Principle of non-refoulement’ is associated with:

  1. Climate change financing mechanism
  2. Oil payment default
  3. Refugee crisis
  4. Development of Nano technology

Q.30) With reference to “Pradhan Mantri Vaya Vandana Yojana “consider the following statements:

  1. It was launched exclusively for the senior citizens aged 60 years and above.
  2. It is being implemented by Life insurance Corporation of India.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 and 2

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

Passage 1

Dolphins are regarded as the friendliest creatures in the sea and stories of them helping drowning sailors have been common since Roman times. The more we learn about dolphins, the more we realize that their society is more complex than people previously imagined. They look after other dolphins when they are ill, care for pregnant mothers and protect the weakest in the community, as we do. Some scientists have suggested that dolphins have a language but it is much more probable that they communicate with each other without needing words. Could any of these mammals be more intelligent than man? Certainly the most common argument in favour of man’s superiority over them that we can kill them more easily than they can kill us is the least satisfactory. On the contrary, the more we discover about these remarkable creatures, the less we appear superior when we destroy them.

Q.31) The fact that the writer of the passage thinks that we can kill dolphins more easily than they can kill us

  1. means that they are better adapted to their environment than we are
  2. shows that dolphins have a very sophisticated form of communication
  3. proves that dolphins are not the most intelligent species at sea
  4. does not mean that we are superior to them

Passage 2

Detective glories tend to glorify crime. Murderers, gangsters and crooks all kinds are described as tough, cunning and courageous individuals who know how to take care of themselves and how to get what they want. In James McCain’s The Postman Always Rings twice, for instance the villain is much more a impressive character than his victim. He is casual brave smart and successful with women. It is true that he finally gets caught. But he is punished for a crime that he did not commit, so that his conviction is hardly a triumph of justice. Besides, looking back over the exciting life of the criminal, the reader might conclude that it was worth the risk.

Q.32) According to this passage, a criminal in a detective story generally gets caught

  1. for the crimes he has committed
  2. because of his careless mistakes
  3. because the police is smarter than the criminals
  4. for the crimes he has not committed

Q.33) A rectangular piece of paper is 22 cm long and 10 cm wide. A cylinder is formed by rolling the paper along its length. Find the volume of the cylinder.

  1. 275 cm3
  2. 280 cm3
  3. 385 cm3
  4. 392 cm3

Q.34) Taj Mahal at Agra gets an average of 5000 visitors on Sundays and 1400 visitors on other days. Then find the average number of visitors per day if the month has 30 days starting with Sunday.

  1. 1800
  2. 2000
  3. 2200
  4. 2800

Q.35) A watch gain 5 seconds in 3 minutes and was set right at 7 am. If it shows 4:15 in the afternoon on the same day, what is the correct time?

  1. 3 pm
  2. 4 pm
  3. 4:30 pm
  4. 5:15 pm

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.

 

All the Best! 

IASbaba

 

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