[DAY 21] 60 DAY RAPID REVISION (RaRe) SERIES for UPSC Prelims 2024 – ECONOMY, CURRENT AFFAIRS & CSAT TEST SERIES!

Solution (d)

• Stagflation is a blend of two words i.e., stagnation and inflation. It is used in economics when the inflation rate is high, the growth rate slows down, and unemployment stays high. It raises a dilemma for economic policy since actions designed to lower inflation may exacerbate unemployment and vice
• Hyperinflation (> 1000%) – This is reserved for extreme forms of inflation – usually over 1,000% though there is no specific
• Skewflation means the skewness of inflation among different sectors of the economy – some goods and services are facing huge inflation, some none and some
• Disinflation is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services in a nation’s gross domestic product over It is the opposite of reflation.

Solution (a)

Solution (b)

Solution (b)

Solution (c)

Solution (d)

Solution (c)

Solution (c)

• Structural inflation is the one prevailing in most developing The situation is due to the operation of the structural weakness (supply bottleneck, lack of infrastructure, etc.) existing in a developing economy.
• Lack of adequate supply responses or production to increase in demand is the cause of structural inflation.
• A complete change in economic policy would be needed to address it.
• For example;
  • To keep farmers happy, Government keeps increasing Minimum Support Price for wheat and rice but MSP for pulses remain stagnant. It disincentivizes farmers to grow pulses thus decrease its supply and increases pulse Due to APMC acts of states, cartelization and hoarding is rampant in the agricultural market. It leads to supply and demand mismatch and increases inflation.

Solution (a)

Solution (a)

Solution (a)

Solution (b)

Solution (a)

Solution (a)

Solution (d)

For economic activities, a financial transaction needs to be done for work done by a person.

Solution (a)

Solution (d)

Solution (a)

Solution (c)

Mainly the Reserve Bank of India controls inflation through monetary policies.

The monetary policies are controlled by increasing and decreasing bank rates, repo rates, cash reserve ratio, regulating the money supply.

During the high inflation period, the government can reduce the spending to decrease the money circulation in the country. Therefore, decreased money circulation helps in controlling inflation.

Solution (c)

The Labour Bureau brings out the ‘Consumer Price Index Number for Industrial Workers’.

Consumer Price Index Numbers for Industrial Workers is designed to measure a change over time in prices of a given basket of goods and services consumed by a defined population (i.e. Industrial Workers).

Solution (b)

• Medaram Jatara is the second-largest fair of India, after the Kumbh Mela. Hence statement 1 is correct.
• Medaram is a remote place in the Eturnagaram Wildlife Sanctuary, a part of Dandakaranya, the largest surviving forest belt in the region.
• Medaram Jatara is also known as Sammakka Saralamma Jatara.
• It is celebrated by the second-largest Tribal Community of Telangana, the Koya tribe for four days.
• Sammakka Saralamma Jatara is a tribal festival honouring the fight of a mother and daughter with the reigning rulers against an unjust law. Hence statement 2 is correct.
• Sammakka Saralamma Jatara is the state festival of Telangana. It was declared a State Festival in 1996. Hence statement 3 is incorrect.
• It is celebrated once in two years in the month of “Magha” (February) on the full moon day. People offer bangaram/gold (jaggery) of a quantity equal to their weight to the goddesses and take holy bath in Jampanna Vagu, a tributary to River Godavari.

Solution (c)

• The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) is being implemented by the Ministry of Heavy Industries. Hence statement 1 is correct.
• The main objective of the scheme is to encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentive on purchase of electric vehicles and also by way of establishing a necessary charging infrastructure for electric vehicles.
• The government provides subsidies under the FAME scheme for battery electric vehicles(BEVs) and strong hybrids.
• It aims to transit from internal combustion engine (ICE) to cleaner technology. Hence statement 2 is correct.

Solution (a)

• The Asia-Pacific Institute for Broadcasting Development(AIBD) was established under the United Nations Educational, Scientific and Cultural Organization(UNESCO). Hence statement 1 is correct.
• It is a unique regional intergovernmental organization servicing countries of the United Nations Economic and Social Commission for Asia and the Pacific(UN-ESCAP) in the field of electronic media development.
• Its mandate is to achieve a vibrant and cohesive electronic media environment in the Asia-Pacific region through policy and resource development.
• It currently has 92 member organizations from across 44 countries. This includes 26 Government Members (countries) represented by 48 broadcasting authorities and broadcasters and 44 Affiliates (organizations) represented by 28 countries.
• India is one of the founding members of AIBD and its Secretariat is located in Kuala Lumpur, Malaysia. Hence statement 2 is incorrect.
• Prasar Bharati, India’s public service broadcaster is the representative body of the Ministry of Information & Broadcasting at AIBD.

Solution (b)

• The Digital India Act of 2023 mandates stringent Know Your Customer (KYC)

requirements for wearable devices used in retail sales. Hence statement 1 is incorrect.

• It replaces the two-decade-oldInformation Technology Act of 2000. Hence statement 2 is correct.
• It reviews thesafe harbour principle, which shields online platforms like Twitter and Facebook. Hence statement 3 is correct.
• It aligns withDigital India Goals for 2026, which aim to establish a USD 1 trillion digital economy and shape the future of global technologies.
• It will work in conjunction with other related laws and policies, including the Digital Personal Data Protection Act, Digital India Act Rules, National Data Governance Policy, and amendments to theIndian Penal Code for Cyber Crimes.
• It focuses on key elements such as online safety, trust, and accountability, ensuring an open internet, and regulating new-age technologies like artificial intelligence and blockchain.

Solution (a)

• Dhole is a wild carnivorous animal and is a member of the family Canidae and the class They are also known as Asian wild dogs.
• Asian Wild Dogs is protected under Schedule II of the Wildlife Protection Act of 1972. Hence statement 1 is incorrect.
• It is listed as endangered on the IUCN Red List and Appendix II of the CITES. Hence statement 2 is incorrect.
• Historically, dholes purportedly occurred throughout southern Russia, all across central Asia, south Asia and southeast Asia.
• According to recent research and current distribution maps, they are restricted to south and southeast Asia,with the northernmost populations in China.
• In India, they are found in the Western and Eastern Ghats, central Indian landscape and North East India. Hence statement 3 is correct.
• Karnataka, Maharashtra and Madhya Pradesh rank high in the conservation of the endangered dhole in India.

Solution (b)

• Dengue is transmitted to humans through the bites of infected female mosquitoes, primarily the Aedes aegypti mosquito. Hence statement 1 is correct.
• Its symptoms – High fever (40°C/104°F), severe headache, pain behind the eyes, muscle and joint pains, nausea, vomiting, swollen glands, and rash.
• There is no specific treatment for dengue. Early detection of disease progression associated with severe dengue, and access to proper medical care lowers fatality rates of severe dengue to below 1%. The dengue vaccine CYD-TDV or Dengvaxia was approved by the US Food & Drug Administration in 2019, the first dengue vaccine to get the regulatory nod in the US.
• DEN-1, DEN-2, DEN-3, and DEN-4 are four serotypes of the bacteria that cause dengue. Hence statement 2 is correct.
• The severe form of dengue fever, also called dengue haemorrhagic fever, can cause serious bleeding, a sudden drop in blood pressure (shock) and death.
• It is a vector-borne disease that cannot be spread directly from person to person. Hence statement 3 is incorrect.
• Most cases occur in tropical areas of the world, including the Indian subcontinent, Southeast Asia, Southern China, Taiwan, the Pacific Islands, the Caribbean, Mexico, Africa, and Central, and South America.
• As per WHO, about half of the world’s population is now at risk of dengue with an estimated 100–400 million infections occurring each year.

Solution (c)

• The Rural Infrastructure Development Fund (RIDF)  is implemented by the National Bank for Agriculture and Rural Development(NABARD). Hence statement 1 is correct.
• It was instituted in NABARD with an announcement in the Union Budget 1995-96.
• It is maintained by the National Bank for Agriculture and Rural Development(NABARD).
• Its objective is to provide low-cost fund support to State Governments and State Owned Corporations for quick completion of ongoing projects relating to medium and minor irrigation, soil conservation, watershed management and other forms of rural infrastructure. Hence statement 2 is correct.

Solution (c)

• ‘White Torture: Interviews with Iranian Women Prisoners’ is a book which has won an award for reportage at the International Film Festival and Human Rights’ Forum is written by Narges Mohammadi. Hence option c is correct.
• The Norwegian Nobel Committee has awarded Iranian activist Narges Mohammadi the 2023 Nobel Prize for Peace. She has been awarded for her fight against the oppression of women in Iran and her fight to promote human rights and freedom for all.
• Narges Mohammadi is an Iranian human rights activist and scientist. She is the vice president of the Defenders of Human Rights Center (DHRC), headed by fellow Nobel Peace Prize laureate Shirin Ebadi.
• She is the 19th woman to ever win the Nobel Peace Prize and the second Iranian woman to win the award – after human rights activist Shirin Ebadi in 2003. It is also the fifth time in the 122-year history of the awards that the peace prize has been given to someone who is in prison or under house arrest.
• In 2011, she was arrested for the first time and sentenced to many years of imprisonment for her efforts to assist incarcerated activists and their families. After securing a bail in 2013, she campaigned against the use of the death penalty.She was again arrested in 2015 and was sentenced to additional years.
• Over the years she has written many articles arguing for social reforms in Iran and published an essay collection, ‘The Reforms, the Strategy, and the Tactics’.

Solution (d)

Didwana, Kuchaman, Sargol, and Khatu are saline lakes of Rajasthan. Didwana is a town in the Nagaur district of Rajasthan. It has a famous Didwana salt-water lake of Rajasthan. Kuchaman lake is located in Nagaur district of Rajasthan. Hence option d is correct.

Solution (a)

• The Comprehensive Nuclear-Test-Ban Treaty (CTBT) was negotiated at the Conference on Disarmament in Geneva and adopted by the United Nations General Assembly in 1996. Hence statement 1 is correct.
• It intends to ban all nuclear explosions everywhere, by everyone.
• China, North Korea, Egypt, India, Iran, Israel, Pakistan and the United States have not ratified the treaty. China, Israel, Iran, Egypt and United States has signed the treaty but yet to ratify it. Hence statement 2 is incorrect.
• India, North Korea and Pakistan have not yet signed the treaty. Hence statement 3 is incorrect.
• The treaty was opened for signature in 1996 and since then 182 countries have signed the Treaty, most recently Ghana has ratified the treaty in 2011.

Solution (c)

Let the nos. of Rs. 2 coins & Rs. 1 coins be 5a and 7a respectively.

Its monetary value = 5a x 2 + 7a x 1 = 10a + 7a = 17a

17a = 85

a = 5

Therefore, No. of Rs. 2 coins = 5a = 5×5=25

Solution (c)

Let their marks be (x + 9) and x.

Then, x + 9 =   56/100(x + 9 + x)

25(x + 9) = 14(2x + 9)

3x = 99

x = 33

So, their marks are 42 and 33.

Solution (a)

2 sons get = 8500 x 2 = 17000

1 daughter gets = 8500 /2 = 4250

Wife gets = 8500 x 2 = 17000

Thus, total = 17000 + 4250 + 17000 = 38250

Solution (c)

There are 6 letters in the given word, out of which there are 3 vowels and 3 consonants. Let us mark these positions as under: (1) (2) (3) (4) (5) (6) Now, 3 vowels can be placed at any of the three places out 4, marked 1, 3, 5. Number of ways of arranging the vowels = 3P3 = 3! = 6. Also, the 3 consonants can be arranged at the remaining 3 positions.

Number of ways of these arrangements = 3P3 = 3! = 6.

Total number of ways = (6 x 6) = 36.

Solution (a)

Let the digits of the number are x and y.

It can be written as 10x + y (e.g. 23 can be written as 2×10 + 3)

On reversing the number we get 10y + x Sum of two number = 10x + y + 10y + x = 11x + 11y = 11(x+y)

11(x+y) is always divisible by 11.

Hence it will leave remainder 0.

Conclusion – if reverse of any two digit number is added into the original number, the resultant number will always be divisible by 11.