Prelims Model Test- 23 Answer Key and Explanation

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Prelims Model Test- 23 Answer Key and Explanation GENERAL STUDIES PAPER - 1 PRELIMS MODEL TEST- 23 ANSWER KEY AND EXPLANATION 1 C 11 B 21 A 31 B 41 B 51 D 61 D 71 A 81 B 91 B 2 A 12 A 22 B 32 D 42 A 52 A 62 B 72 D 82 B 92 C 3 D 13 A 23 C 33 A 43 D 53 B 63 C 73 B 83 A 93 B 4 C 14 D 24 C 34 B 44 D 54 D 64 A 74 A 84 B 94 C 5 A 15 A 25 D 35 B 45 D 55 B 65 C 75 D 85 D 95 A 6 B 16 B 26 C 36 B 46 C 56 D 66 D 76 C 86 D 96 B 7 B 17 A 27 A 37 C 47 A 57 C 67 C 77 D 87 D 97 D 8 C 18 B 28 A 38 D 48 C 58 D 68 C 78 D 88 D 98 C 9 A 19 B 29 C 39 C 49 B 59 C 69 A 79 D 89 D 99 A 10 D 20 A 30 D 40 B 50 A 60 A 70 D 80 A 90 B 100 C 1. Answer (c) Explanation The N.K. Singh panel to review India’s fiscal discipline rules has recommended a debt to GDP ratio of 38.7% for the Central Government, 20% for the State Governments together and a fiscaldeficit of 2.5% of GDP (gross domestic product), both by financial year 2022-23. The panel has recommended enacting a new Debt and Fiscal Responsibility Act after repealing the existing Fiscal Responsibility and Budget Management (FRBM) Act, and creating a fiscal council. The proposed three member fiscal council will prepare multiyear fiscal forecasts for the Central and State Governments (together called the General Government) and provide an independent assessment of the Central Government’s fiscal performance and compliance with targets set under the new law.The committee favours a debt to GDP ratio of 60% for the General Government by 2022-23, 40% (38.74%) for the Central Government and 20% for State Governments. Within the framework, the committee has recommended adopting fiscal deficit as the key operational target consistent with achieving the medium term debt ceiling, at 3% of GDP for three years, between 2017-18 and 2019-20. Revenue deficit to GDP ratio has been envisaged to decline steadily by 0.25 percentage points each year from 2.3% in 2016-17 to 0.8% in 2022-23. However, to deal with unforeseen events such as war, calamities of national proportion, collapse of agricultural activity, far reaching structural reforms, and sharp decline in real output growth of at least 3 percentage points, the committee has specified deviation in fiscal deficit target of not more than 0.5 percentage points. Similar to the escape clause, this buoyancy clause can be invoked by the government after formal consultations and advice of the fiscal council. If there is a sharp increase in real output growth of at least 3 percentage points above the average for the previous four quarters, fiscal deficit must fall by at least 0.5 percentage points below the target. NEO IAS 0484-4030104, 9446331522, 9446334122 Page 1 www.neoias.com | www.youtube.com/neoias | www.facebook.com/neoias | www.twitter.com/neoias 2. Answer (a) Explanation ‘Samavesh’ is a programme launched by the NITI Aayog to link together various lead Knowledge and Research Institutions to catalyse development processes, enhance institutional capacity development and enable a field level interface with the community for mutual enrichment. As part of this, NITI Aayog seeks to deepen and extend its institutional capacity through networking and partnerships with reputed knowledge & research institutions to create an ecosystem of evidence based policy research. This network will enable efficient knowledge sharing and information exchange among all partners to fulfil their role in transformative policy reform so as to achieve sustainable and more inclusive development in line with Sustainable Development Goals as well as the 15 year Vision, 7 year strategy and 3 year action plan being developed by the NITI Aayog. 3. Answer (d) Explanation Climate Change Finance Unit is set up under the Ministry of Finance in 2011. It is headed by Chief Economic Advisor. FUNCTIONS AND RESPONSIBILITIES OF CLIMATE CHANGE FINANCING UNIT To serve as the nodal point on all climate change financing matters in the Finance Ministry. To represent Ministry of Finance in all climate change and related issues in all international and domestic fora. To prepare briefs and position papers for Government of India's position on climate financing. To provide guidance and inputs to MoEF&CC to feed into climate change negotiations as well as to develop capacity to analyze emerging issues Assess the submissions on 'climate change financing' from various national Governments who are Parties to the UN framework Convention on Climate Change Analyze the financial pledges of developed countries Provide inputs to the designing, operationalization and working of Green Climate Fund as per the Cancun agreement 4. Answer (c) Explanation DIPP has formulated a scheme for pedagogy and Research in IPRs for Holistic Education & Academia (SPRIHA) to encourage the study of, education in, research on Intellectual Property Rights, as well as to promote research on intellectual property matters. This scheme has been instituted to develop credit as well as specialised courses on IPR, organize seminars and workshops on IPR matter, develop inputs, research on IPR matters and inculcate a longstanding recognition and respect for one's IP and others IP in student’s minds. The objectives of the scheme are as under: • Introducing and promoting IPR education in Institutions Of Higher Learning/ universities, for which DIPP- IPR chairs may be appointed in eligible Institutions selected under the scheme; • Creation of an IPR knowledge database by compiling global best practices on all IPR matters; • Collaborations of Indian academic Institutions with the other universities/colleges/institutions across the world; • Develop, formulate and collate in inputs/ recommendations industry, practitioners and academia on IPR issues for policy makers; • Foster research in IPR and related matters and highlight the policy relevance thereof • Cooperation between IPR chairs to facilitate joint research shared lecture arrangements and students/academic exchanges • Dissemination of research and promoting discussion on IPR and facilities NEO IAS 0484-4030104, 9446331522, 9446334122 Page 2 www.neoias.com | www.youtube.com/neoias | www.facebook.com/neoias | www.twitter.com/neoias • increase in domestic IPL filing 5. Answer (a) Explanation Open interest is the total number of outstanding contracts that are held by market participants at the end of each day. Open interest measures the total level of activity into the futures market. If both parties to the trade are initiating a new position (one new buyer and one new seller), open interest will increase by one contract. If both traders are closing an existing or old position (one old buyer and one old seller), open interest will decline by one contract. If one old trader passes off his position to a new trader (one old buyer sells to one new buyer), open interest will not change. Increasing open interest means that new money is flowing into the marketplace. The result will be that the present trend (up, down or sideways) will continue. Declining open interest means that the market is liquidating and implies that the prevailing price trend is coming to an end. Therefore, open interest provides a lead indication of an impending change of trend. To determine the total open interest for any given market, we only need to know the totals from one side or the other, buyers or sellers, and not the sum of both. 6. Answer (b) Explanation • The second statement is correct. • The Battle of Bedara was fought between the Dutch and the British and led to the decline of Dutch power in India. • The first French factory was setup in Surat in 1663 by Francois Caron. • The British setup the first factory by 1613 in Surat. 7. Answer (b) Explanation • The literary work of Padmavat was written by Malik Muhammed Jayisi during the reign of Sher Shah Suri. • It is one of the earliest examples of Awadhi literary works. 8. Answer (c) Explanation • All the pairs are correctly matched. • Futuhat-i-Alamgiri is a literary histoical work by Iswar Das Nagar during Aurangazeb's reign. • Padshah Nama is a biographical work on Shah Jahan by Abdul Hamid Lahori. • Kavirajamarga is a pioneering literary work by Amoghavrsha I on Kannada poetry and language. • Periyapuranam is an epic literature written during the reign of Imperial Cholas by Sekkilar. 9. Answer (a) Explanation • The first statement is the correct one • Microlithic tools were developed during the Mesolithic period. • Wheel was invented during the Neolithic period. 10. Answer (d) Explanation Tenure of Judges of Supreme Court: The Constitution has not fixed the tenure of a judge of Supreme Court. However, it makes the following three provisions in this regard: NEO IAS 0484-4030104, 9446331522, 9446334122 Page 3 www.neoias.com | www.youtube.com/neoias | www.facebook.com/neoias | www.twitter.com/neoias . He holds office until he attains the age of 65 years. Any question regarding his age is to be determined by such authority and in such manner as provided by Parliament. He can resign his office by writing to the President. He can be removed from his office by the President on the recommendation of the Parliament Tenure of Judges of High Court: The Constitution has not fixed the tenure of a judge of a High Court. However, it makes the following four provisions in this regard: .
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