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Practice Mock Test – 8

1. Which of the following banks has been listed as a Domestic Systemically Important Banks (DSIBs) by the Reserve bank of India?

(a) Punjab National Bank

(b) Bank of Baroda

(c) HDFC Bank

(d) IndusInd Bank

2. The Ministry of Consumer Affairs, Food and Public Distribution had launched negotiable warehousing receipts (NWR) in electronic format.

Consider the following in this regard:

1. The depositors are bailee against commodities deposited in warehouses for which documents are issued by warehouses.

2. NWRs can be traded, sold, swapped and used as collateral to support borrowing or loans from banks.

3. It is an important step towards doubling farmers’ income by 2022.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 and 3 only

(c) 1, 2 and 3

(d) None

3. Which of the following statements is/ are correct regarding The National Agricultural Higher Education Project?

1. The project has been formulated by the Ministry of Agriculture & Farmers’ Welfare in partnership with the World Bank.

2. Project Management and Learning is an important component of the project.

3. The project has been launched with 50:50 cost sharing basis with the World Bank.

Select the correct answer using the code given below:

(A) 1 and 2 only

(b) 2 only

(c) 2 and 3 only

(d) 1 and 3 only

4. Bharat 22 is the second ETF (Exchange Traded Fund launched by the Government of India. Consider the following in this regard:

1. ETF’s are more liquid than mutual funds as they can be sold quickly on stock exchanges.

2. Bharat 22 comprises of 22 stocks and is managed by SBI Blue-chip Fund.

3. It gives highest sector wise weightage to energy.

Which of the above statements is/are correct?

(a) 1 only

(b) 1 and 2 only

(c) 2 only

(d) 2 and 3 only

5. Which of the following are the features of the Hydrocarbon Exploration and Licensing Policy (HELP)?

1. Uniform license

2. An open acreage policy

3. Profit sharing model

4. Marketing and pricing freedom

Select the correct answer using the code given below:

(a) 1, 2 and 3 only

(b) Only 1, 2 and 4

(c) Only 1, 3 and 4

(d) 1, 2, 3 and 4

6. Consider the following statements regarding the Pradhan Mantri Vaya Vandana Yojana (PMVVY):

1. It is a pension scheme launched by the Ministry of Social Justice and Empowerment.

2. It is operated by Life Insurance Company in collaboration with the National Insurance Company (NIC).

3. The scheme also offers loan up to 75% of the purchase price after 3 policy years.

Which of the above statements is/are incorrect?

(A) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3only

(d) 1, 2 and 3

7. Consider the following statements regarding the Jute-ICARE project:

1. It has been launched by the Ministry of Textiles to double the income of jute farmers.

2. A microbial consortium called SONA has been developed by the National Jute Board under Jute-ICARE project.

3. Retting is a process in which jute is placed in liquid so as to promote tightening of the fibres in the woody tissue.

Which of the above statements is/are correct?

(a) 1 only

(b) 1 and 2 only

(c) 2 and 3 only

(d) 1, 2 and 3

8. Administered Price Mechanism (APM) for petrol and diesel was dismantled by the government in 2017. Consider the following statements:

1. In dynamic fuel pricing, the oil retailers fortnightly revise the retail selling prices of petrol and diesel.

2. In India, the dynamic fuel pricing has been introduced for fixing the petrol prices only.

Which of the following statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

9. Which of the following statements is/ are correct regarding the Innovate in India (i3) project?

1. I3 is a flagship program of the Government of India under the National Biopharma Mission.

2. It has been launched by the Union Ministry of Science & Technology in collaboration with World Bank.

Select the correct answer using the code given below:

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

10. Consider the following statements regarding the Hill Area Development Programme (HADP):

1. The scheme aims to ensure equitable development of every area, tribe and every section in the North Eastern Region.

2. It has been launched by The Ministry for Development of North Eastern Region.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

11. Which of the following statements is/are correct regarding the National Policy on Marine Fisheries?

1. The policy is in line with the FAO’s Code of Conduct for Responsible Fisheries on conservation, development and management of fisheries.

2. The Policy has proposed chip-based smart registration cards for fishermen and their fishing vessels.

3. It focuses on Species-specific and area specific management plans with spatial and temporal measures for sustainable utilization of resources.

Select the correct answer using the code given below:

(A) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

12. With respect to information utilities

(IU), consider the following:

1. It maintains information of all financial contracts in a demat format.

2. National E-Governance Services Limited (NeSL) is India’s first Information Utility.

Which of the above statements is /are Incorrect?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

13. Which of the following committees has recommended an overhaul of corporate governance norms for listed firms?

(a) Bimal Julka Committee

(b) Vasudev Committee

(c) Tarapore Committee

(d) Uday Kotak Committee

14. Which of the following statements is correct regarding the Peer-to Peer lending (P2P)?

1. Peer-to Peer lending allows a business to sell its invoices at a discount to a pool of individual or institutional investors for cash.

2. P2P platforms are now treated as non banking financial companies (NBFCs) and thus regulated by Securities and Exchange Board of India.

Select the correct answer using the code given below:

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

15. With reference to ‘Non Banking Financial Company (NBFC), consider the following statements:

1. NBFC is engaged in loans and advances, industrial activity, the sale, purchase or construction of immovable property.

2. NBFC is a company registered under the Companies Act, 1956 of India.

3. The Reserve Bank of India (RBI) launched the Ombudsman Scheme for Non Banking Financial Companies (NBFC).

Which of the statements given above are correct?

(A) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

16. Various activities to promote best practices and enhance agriculture income being undertaken under Krishi Kalyan Abhiyan are

1. Distribution of Soil Health Cards to all farmers

2. Artificial insemination saturation

3. Demonstration programmes on Micro-irrigation

Which of the statements given above are correct?

(A) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

17. ‘Project Sashakt ‘has been launched is

(a) Personality development programme through social (or community) service

(b) Comprehensive medical care facilities to Central Government employees and their family members.

(c) One-time cash incentive to pregnant women for institutional/home births through skilled assistance.

(d) A scheme that aims to strengthen the credit capacity, credit culture and credit portfolio of public sector banks.

18. India’s first ‘freight village’ will be developed by

(a) The Inland Waterways Authority of India

(b) The National Highways Authority of India

(c) The State government of Gujarat

(d) National Bank for Agriculture and Rural

Development

19. With reference to the Municipal Bonds in India, which of the following statements is/are incorrect?

1. The market for municipal bonds in India is almost non-existent unlike US and many developing countries.

2. Thiruvananthapuram Municipal Corporation was the first urban local body in India to issue tax-free municipal bonds.

3. RBI has mandated guarantee from the State Government or Central Government for issuing such bond.

Select the correct answer using the code given below.

 (a) 2 only

(b) 1 and 3 only

(c) 2 and 3 only

(d) 1, 2 and 3

20. With reference to special economic zone (SEZ) in India, consider the following statements:

1. India’s SEZ Policy was implemented from 1991.

2. The Baba Kalyani led committee was constituted to study the existing SEZ policy of India.

3. There is absence of clear exit mechanism for the SEZ developers in India.

Which of the statements given above are correct?

(A) 1 and 2 only

(b) 1 and 3 only

(c) 2 and 3 only

(d) 1, 2 and 3

Answer

Q. 1 (c)

Q. 2 (b)

Q. 3 (c)

Q. 4 (a)

Q. 5 (b)

Q. 6 (a)

Q. 7 (a)

Q. 8 (d)

Q. 9 (c)

Q. 10 (c)

Q. 11 (d)

Q. 12 (d)

Q. 13 (d)

Q. 14 (d)

Q. 15 (b)

Q. 16 (d)

Q. 17 (d)

Q. 18 (a)

Q. 19 (c)

Q. 20 (c)

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Practice Mock Test – 7

Q1. Consider the following about ‘RAILMADAD’:

1. It is a mobile App to register complaints by passengers through mobile phone/web.

2. It relays real time feedback to passengers on the status of redressal of their complaints which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q2. Consider the following about ‘Renewal Energy Dialogue’:

1. This dialogue is organised by Council on Energy, Environment and Water (CEEW).

2. It offers a platform for engaged deliberations on the role of different stakeholders in advancing renewable energy deployment, balancing both domestic priorities and international mitigation ambitions and commitments.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q3. Consider the following about ‘Mission Solar Charkha’:

1. It is an initiative of The Ministry of New and Renewable Energy (MNRE).

2. Its main objective is to leverage low-cost, innovative technologies and processes for sustenance.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q4. In which of the following locations Strategic Oil Reserves have not been established?

a) Visakhapatnam

b) Mangalore

c) Padur

d) Ambala

Q5. Which of the following state government has launched ‘Surya Shakti Kisan Scheme’?

a) Uttar Pradesh

b) Gujarat

c) Madhya Pradesh

d) Rajasthan

Q6. Consider the following statements about ‘UDYAM SANGAM’:

1. It is organised by The Ministry of Corporate Affairs.

2. The purpose of the Conclave is to encourage dialogue and partnership among various stakeholders of the MSME ecosystem and for promoting innovation and knowledge sharing on MSME related issues.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q7. Consider the following statements about ‘Unorganised Worker Identification Number’:

1. It is an initiative of The Ministry of

Corporate Affairs under Unorganized Workers’ Social Security Act, 2008

2. It will improve unorganised workers’ access to all social security schemes.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q8. Consider the following about ‘Water Productivity Mapping of Major Indian Crops Report’:

1. The report is released by Niti Aayog.

2. The report presents for the first time, maps on the water productivity of ten major Indian crops across cultivating districts and states.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q9. Consider the following about ‘Zero Budget Natural Farming’:

1. ‘Zero Budgets’ farming promises to end a reliance on loans and drastically cut production costs, ending the debt cycle for desperate farmers.

2. Under this initiative there is no use of chemicals.

3. The movement first evolved in Karnataka.

Which of the statements given above is/are correct?

a) 3 only

b) 1 and 2 only

c) 2 only

d) All of the above

Q10. With reference to ‘Financial stability report’, consider the following statements:

1. It is released by the Ministry of Finance.

2. It reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q11. With reference to ‘Prompt Corrective

Action (PCA) Framework’, consider the following statements:

1. It is a set of guidelines by the Securities and Exchange Board of India (SEBI) to private companies for improving their financial condition.

2. It is a framework for improving the financial condition of the scheduled commercial banks.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q12. What is/are possible factor for depreciation of rupees?

a) Rise in international crude oil prices.

b) Tightening of U.S. monetary policy

c) Both a and b

d) None of the above

Q13. With reference to ‘Insolvency and Bankruptcy Code (IBC), 2016’, consider the following statements:

1. It deals primarily with insolvency issues in the banking sector.

2. Timeline for Insolvency resolution process is 2 years under IBC, 2016.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q14. With reference to ‘Deposit Insurance and Credit Guarantee Corporation (DICGC)’, consider the following statements:

1. It is a subsidiary of Life Insurance Corporation.

2. It provides insurance to deposits up to 10 lakhs.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q15. ‘Compact2025’, sometimes seen in the news, is related to

a) It is an initiative for ending hunger and under nutrition by 2025.

b) It is an initiative for increasing forest cover up to 30 percent all over the world by 2025.

c) It is an initiative for the elimination of gender inequality by 2025.

d) It is an initiative for increasing primary health coverage by 2025.

Q16. With reference to ‘Consumer Confidence Survey’, consider the following statements:

1. It is released by the Central Statistics Office (CSO)

2. This Survey is being used by the Reserve Bank as one of the important inputs for monetary Policy formulation.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q17.With reference to ‘Liberalized Remittance Scheme (LRS)’, consider the following statements:

1. It was launched by the Ministry of Corporate Affairs.

2. Regulations for the scheme are provided under the Foreign Contribution (Regulation) Act, 2010.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q18) ‘MADAD (Mobile Application for Desired Assistance During travel)’, recently in the news is related to

a) Monitoring the Non-performing assets

(NPA) of banks

b) Monitoring dropout rate in primary schools

c) Promotion of girl education in India.

d) Expedite and streamline passenger grievance redressal

Q19. With reference to ‘Monetary Policy

Committee’, consider the following statements:

1. The committee was created in 2016 to bring transparency and accountability in fixing India’s Fiscal Policy.

2. All members of the committee are nominated by the Government of India.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q20. Consider the following Statements about Advance Pricing Agreement:

1. It is an agreement between the taxpayer and the tax authority regarding transfer pricing in the future.

2. The agreement will be binding on both the taxpayer and the tax authorities.

Which of the above statement is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q21. Which of the following sequence is correct about share capital in Regional Rural Banks?

a) Union Government>Sponsor Bank>State Government

b) Sponsor Bank>State Government>Union Government

c) Union Government>State Government>Sponsor Bank

d) State Government>Sponsor Bank>Union Government

Answer

Q1.  C

Q2.  C

Q3.  B

Q4.  D

Q5.  B

Q6.  B

Q7.  B

Q8.  B

Q9.  D

Q10.  B

Q11.  B

Q12.  C

Q13.  D

Q14.  D

Q15.  A

Q16.  B

Q17.  D

Q18).  D

Q19.  D

Q20.  C

Q21.  A

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Practice Mock Test – 6

Q1. Which of the following is the best description of the term ‘Asian Premium’ often seen in news?

a) It is the money which developed countries agreed to give to the poor countries of Asia to avoid climate change.

b) Extra charges being collected by OPEC countries from Asian countries when selling oil in comparison to Western countries.

c) The total amount of investments Asian

Countries received from World Bank in the last decade.

d) The extra amount of FDI Asian Countries received in last few years due to their population and lack of development.

Q2. Consider the following about ‘Compact 2025’:

1. It is an initiative for ending hunger and under nutrition by 2025.

2. It has been started by Food Corporation of India (FCI).

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q3. ‘Consumer Confidence Survey’ often seen in the news is released by:

a) NITI Aayog

b) Ministry of Commerce and Industry

c) The Reserve Bank of India

d) Ministry of Consumer Affairs

Q4 Consider the following about ‘Directorate of Revenue Intelligence’:

1. It is the apex anti-money laundering agency of India.

2. It works under the Central Board of Indirect Taxes & Customs, Ministry of Finance, and Government of India.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q5. Consider the following about ‘Export

Promotion Council for Handicrafts’:

1. It is a non-profit organisation established under the Companies Act in the year 1986- 87.

2. It is an apex body of handicrafts exporters for promotion of exports of Handicrafts from country.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q6. ‘Generalised System of Preferences’, often seen in the news is:

a) A preferential tariff system extended by developed countries to developing countries.

b) Non-discriminatory trade policy commitment offered by one country to another on a reciprocal basis.

c) A preferential tariff system extended by India to African countries.

d) A generalized system of mapping consumer preferences

Q7. Consider the following about ‘Global Real Estate Transparency Index’:

1. The survey is released by United Nations Human Settlement Programme.

2. In the latest edition (2018) of index, India has moved up one place due to improvement in market fundamentals, policy reforms, and liberalisation of FDI.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q8. Which of the following best describes ‘Liberalised Remittance Scheme’ of RBI?

a) All resident individuals, including minors, are allowed to freely remit up to USD 2, 50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.

b) All non-resident individuals, including minors, are allowed to freely remit up to USD 2, 50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.

c) All resident individuals, excluding minors, are allowed to freely remit up to USD 2, 50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.

d) All foreigners are allowed to freely remit up to USD 2, 50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.

Q9. Which of the following is the best description of the term ‘Mathew Effect’ sometimes seen in news?

a) A social phenomenon wherein people who already possess high economic or social status continue to do so over time

b) A social phenomenon wherein people who possess high economic or social status suddenly lose that status.

c) A social phenomenon wherein people who possess low economic or social status improve their status over time

d) Convergence of income between the poor and the rich.

Q10. Which of the following best describes ‘No-Fly List’?

a) It is a list prepared by the government, of people who are prohibited to travel through airways.

b) It is a list prepared by the government, of aircrafts which are prohibited from flying.

c) It is a list prepared by the government, of zones where private aircrafts are prohibited from entering.

d) It is a list prepared by the government of types of drones which are prohibited from flying near government premises.

Answer

Q1.  B

Q2.  A

Q3.  C

Q4.  B

Q5.  C

Q6.  A

Q7.  B

Q8.  A

Q9.  A

Q 10.  A

Must Read Books for UPSC Civil Services Examination

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