Table of Contents ECONOMY 01 Questions……………………………………………………………………………………………………………………………………………02 Answers and Solutions..………………………………………………………………………………………………………………………09 POLITY 30 Questions ………………………………………………………………………………………………………………………………………….31 Answers and Solutions ……………………………………………………………………………………………………………………..38 ENVIRONMENT AND ECOLOGY 56 Questions ….………………………………………………………………………………………………………………………………………57 Answers and Solutions ………………………………………………………………………………………………………………………64 SCIENCE AND TECHNOLOGY 84 Questions ………………………………………………………………………………………………………………………………………..85 Answers and Solutions ……………………………………………………………………………………………………………………91 INTERNATIONAL RELATIONS 107 Questions ……………………………………………………………………………………………………………………………………….108 Answers and Solutions…………………………………………………………………………………………………………………….113 GOVERNMENT SCHEMES 127 Questions ……………………………………………………………………………………………………………………………………….128 Answers and Solutions…………………………………………………………………………………………………………………….133 MISCELLANEOUS 149 Questions ………………………………………………………………………………………………………………………………………..150 Answers and Solutions……………………………………………………………………………………………………………………..154 ECONOMY 2 Q1. The ‘Aapoorti’ mobile App recently c) Collect information about the effects of launched by Indian Railways offers Demonetization a) Online food delivery option for passengers d) Prepare a framework on how to collect job b) e-tendering and e-auction related activities creation data. of Indian Railways c) E-ticketing option for passengers Q7. Consider the following statements about d) Online redressal of passenger’s grievances ‘Securities and Exchange Board of India’: 1. It is a statutory body. Q2. ‘Agmark’ a certification mark is issued 2. The SEBI regulates the equities markets by: and not the commodities markets. a) Food and Agriculture Organization 3. Mutual Funds in India are regulated by b) Directorate of Marketing and Inspection SEBI. c) Food Corporation of India Which of the above statements is/are correct? d) Ministry of Consumer Affairs a) 1 and 2 only b) 2 only Q3. Consider the following statements: c) 1 and 3 only 1. When Central Bank decides to lower the d) All of the above value of its currency voluntarily, it is called Depreciation. Q8. Consider the following statements about 2. The same effect of lowering the value of ‘Financial Inclusion Index’: currency but due to market forces and not by 1. It is released by NITI Aayog. Central Bank is called Devaluation. 2. It is a measure of access and usage of a Which of the above statements is/are correct? basket of formal financial products and a) 1 only services that includes savings, remittances, b) 2 only credit, insurance and pension products. c) Both 1 and 2 3. Access to financial services, Usage of d) Neither 1 nor 2 financial services and Quality are the three measurement dimensions of the index. Q4. Consider the following about ‘Atal Bimit Which of the above statements is/are correct? Vyakti Kalyan Yojana’: a) 1 and 2 only 1. It has been launched by Life Insurance b) 3 only Corporation of India. c) 2 and 3 only 2. It has been launched for insured persons d) All of the above already covered under the Employees’ State Insurance Act, 1948. Q9. Consider the following questions about Which of the above statements is/are correct? ‘Non-Banking Financial Company’: a) 1 only 1. It is registered under the Companies Act, b) 2 only 1956. c) Both 1 and 2 2. They accept demand deposits, lend and d) Neither 1 nor 2 make investments and hence their activities are akin to that of banks. Q5. Which of the following best describes 3. NBFC does not include any institution ‘Capital Structure of a firm’? whose principal business is that of a) It shows how a firm finances its overall agriculture activity, industrial activity, operations and growth by using different purchase or sale of any goods (other than sources of funds. securities) or providing any services and b) It shows how much money a company sale/purchase/construction of immovable invested to buy assets. property. c) It shows how many exports a firm has done Which of the above statements is/are in a year incorrect? d) None of the above a) 2 only b) 1 and 2 only Q6. Recently Government has set up an c) 3 only empowered committee headed by cabinet d) 2 and 3 only secretary P.K. Sinha to a) Recommend the guidelines to be followed Q10. Consider the following about ‘The for bank mergers Payment and Settlement Systems Act, 2007’: b) Deal with the problems of struggling power 1. This Act provides for the regulation and sector assets supervision of payment systems in India. 2 2. This designates the National Payments 2. They only include the ministers in charge Corporation of India as the authority for that of subjects covered by them. purpose and for matters connected with 3. They facilitate in-depth examination of payments system in India. policy issues and effective coordination. Which of the above statements is/are correct? Which of the above statements is/are correct? a) 1 only a) 3 only b) 2 only b) 1 and 2 only c) Both 1 and 2 c) 1 and 3 only d) Neither 1 nor 2 d) All of the above Q11. Match the following ‘committees’ with Q15. Consider the following statements about their ‘terms of reference’: ‘Dairy Processing and Infrastructure 1. Nachiket Mor Committee A. Committee Development Fund’: on Digital Payments 1. It will be set up with NABARD. 2. Watal Committee B. Committee 2. The project will be implemented by on Comprehensive Financial Services for National Dairy Development Board (NDDB) Small Businesses and Low Income and National Dairy Development Cooperation Households (NCDC) directly. 3. Narasimham Committee C. Committee 3. The project will focus on building an to review FRBM Act efficient milk procurement system. 4. N.K. Singh Panel D. Committee Which of the above statements is/are correct? on Banking Sector reforms a) 3 only Select the correct answer using the codes b) 1 and 2 only given below: c) 1 and 3 only a) 1-B 2-C 3-D 4-A d) All of the above b) 1-B 2-D 3-A 4-C c) 1-D 2-A 3-C 4-B Q16. Multi-Dimensional Poverty Index is d) 1-B 2-A 3-D 4-C released by a) United Nation Development Programme Q12. Consider the following about ‘India Post b) World Economic Forum Payments Bank’: c) The World Bank 1. India Post Payments Bank (IPPB) was d) Institute of Economics and Peace setup under the Department of Posts, Ministry of Communication with 100% equity Q17. Consider the following statements about owned by Government of India. ‘National Digital Communications Policy- 2. IPPB will provide the banking services to 2018’: urban and rural areas. 1. It aims to provide universal broadband 3. It will offer a range of products— like connectivity at 50 Mbps to every citizen. ATM/Debit cards, credit cards etc. 2. It aims to provide 1 Mbps connectivity to Which of the above statements is/are correct? all Gram Panchayats by 2020 and 10 Mbps a) 2 only by 2022. b) 1 and 2 only 3. The objective is to train one million man c) 1 and 3 only power for building New Age Skill. d) All of the above Which of the above statements is/are correct? a) 1 only Q13. Consider the following about ‘Balance of b) 1 and 2 only Current Account’ of a country: c) 1 and 3 only 1. It includes investments and borrowing of a d) All of the above country. 2. Balance of Trade is a part of Balance of Q18. Consider the following statements about Current Account. ‘Goods and Services Tax Network’: Which of the above statements is/are correct? 1. GST Network (GSTN) is a non-Government, a) 1 only private limited company. b) 2 only 2. The Company has been set up primarily to c) Both 1 and 2 provide IT infrastructure and services to the d) Neither 1 nor 2 Central and State Governments, tax payers and other stakeholders for implementation of Q14. Consider the following about ‘Cabinet the Goods and Services Tax (GST). Committees’: Which of the above statements is/are correct? 1. They are constitutional bodies. a) 1 only 3 b) 2 only 2. India ranked 77 in 2018 with outstanding c) Both 1 and 2 performance in registering property and d) Neither 1 nor 2 enforcement of contracts. Q19. Consider the following statements about Which of the above statements is/are correct? ‘Real Estate Investment Trusts’: a) 1 only 1. They are listed entities which pool in b) 2 only income from investors. c) Both 1 and 2 2. They invest in commercial properties to d) Neither 1 nor 2 generate income. 3. REITs are regulated by the RBI. Q24. Consider the following statements about Which of the above statements is/are correct? the National Housing Bank: a) 1 and 2 only 1. It is the wholly owned subsidiary of the b) 2 and 3 only Reserve Bank of India. c) 1 and 3 only 2. It releases the RESIDEX that tracks the d) All of the above housing prices at both City and national levels. Q20. Which of the following would help to Which of the above statements is/are correct? reduce Current Account Deficit of India? a) 1 only 1. Imposing import restrictions on non- b) 2 only essential goods. c) Both 1 and 2 2. Boosting exports of Textile industry by d) Neither 1 nor 2 providing different incentives. 3. By encouraging public to import gold in Q25. ‘The Human Capital Index’ is released large quantity. by which of the following? Select the correct answer using the codes a) International Labour Organization given below: b) NITI Aayog a) 1 and 2 only c) World Economic Forum b) 1 only d) The World Bank c) 2 and 3 only d) All of the above Q26. Consider the following statements about the G 20: Q21. Consider the following statements about 1. It is a premium international forum for ‘Heritage Irrigation Structure’: political cooperation and decision making 1. It is a process for recognition of the among members. historical irrigation structures by UNESCO. 2.