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
Same cycle will be repeated from Week 6.
Make the best use of the initiative. All the best!
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Consider the following statements:
Which of the statements given above is/are 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
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
With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:
Which of the statements given above is/are 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.
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.
If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do?
Select the correct answer using the code given below:
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/
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/
With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?
Select the correct answer using the code given below:
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).
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).
In India, why are some nuclear reactors kept under “IAEA Safeguards” while others are not?
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.
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.
