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DAY 85
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Question 1 of 10
1. Question
2 pointsWhich of the following have been recommendations of Shantha Kumar committee for restructuring FCI?
1. Popularize Negotiable Warehouse Receipts (NWRs) system. Under this system, farmers can deposit their produce to the FCI authorized warehouses, and can get advance from banks against their produce.
2. Expand FCI to taluka level in all states to extend the coverage of procurement benefits. This would enable uniformity in the procurement system in all states.
Choose the correct answer using the codes given belowCorrect
The committee recommended downsizing FCI by outsourcing many of its tasks to state govt., public sector bodies & private companies. Grain procurement, especially in production surplus states like Punjab, Haryana etc, should be delegated to State governments. FCI should focus more on its price support operations in Eastern states like UP, Bihar, West Bengal, Assam etc. where the majority of the farmers are small and marginal.
Incorrect
The committee recommended downsizing FCI by outsourcing many of its tasks to state govt., public sector bodies & private companies. Grain procurement, especially in production surplus states like Punjab, Haryana etc, should be delegated to State governments. FCI should focus more on its price support operations in Eastern states like UP, Bihar, West Bengal, Assam etc. where the majority of the farmers are small and marginal.
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Question 2 of 10
2. Question
2 pointsMatch the agricultural schemes with their objectives
Choose the correct answer using the codes given belowCorrect
Agriculture and Allied sector plays a vital and critical role in the process of economic development of India by reducing poverty, unemployment & inequality, income diversification, ensuring food security and achieving sustainable development. In recent years, Indian agriculture and rural areas are undergoing a considerable change. Rural India is becoming less and less agricultural, and allied activities are becoming an important part of livelihood strategies.
Incorrect
Agriculture and Allied sector plays a vital and critical role in the process of economic development of India by reducing poverty, unemployment & inequality, income diversification, ensuring food security and achieving sustainable development. In recent years, Indian agriculture and rural areas are undergoing a considerable change. Rural India is becoming less and less agricultural, and allied activities are becoming an important part of livelihood strategies.
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Question 3 of 10
3. Question
2 pointsConsider the following statements about Fisheries and Aquaculture Infrastructure Development Fund (FIDF).
1.The credit facilities will help attract investment in creation and management of fisheries infrastructure facilities.
2.The state governments and the gram sabhas of fishing areas would be the nodal loaning entities.
3.Integrated Development and Management of Fisheries approved by the Government provides for a focused development and management of the fisheries sector to increase both fish production and fish productivity.
Which of the above statements are true?Correct
National Bank for Agriculture and Rural Development (NABARD), National Cooperatives Development Corporation (NCDC) and all scheduled Banks shall be the Nodal Loaning Entities. FIDF would provide concessional finance to State Governments/UTs and State entities, cooperatives, individuals and entrepreneurs etc., for taking up of the identified investment activities of fisheries development.
Incorrect
National Bank for Agriculture and Rural Development (NABARD), National Cooperatives Development Corporation (NCDC) and all scheduled Banks shall be the Nodal Loaning Entities. FIDF would provide concessional finance to State Governments/UTs and State entities, cooperatives, individuals and entrepreneurs etc., for taking up of the identified investment activities of fisheries development.
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Question 4 of 10
4. Question
2 pointsConsider the following statements about Horticulture sector in India
1.The total horticulture production was highest in the case of Himachal Pradesh (392.48 Lakh Tonnes) followed by Uttarakhand (324.2 Lakh Tonnes).
2.Operation Greens aims to stabilize the supply of Tomato, Onion and Potato (TOP) crops and to ensure availability of TOP crops throughout the country round the year without price volatility.
3.The government also intends to utilize the 28 centres of excellence under Indo-Israel Cooperation for the demonstration of new technologies under the Operation Greens scheme.Which of the above statements are true?
Correct
The total horticulture production was highest in case of Uttar Pradesh followed by West Bengal. India witnessed the shift in area from food grain towards horticulture crops over the last five years. Operation greens aims for price stabilisation, reduction in post-harvest losses, increase in food processing capacities and setting up of a market intelligence network.
Incorrect
The total horticulture production was highest in case of Uttar Pradesh followed by West Bengal. India witnessed the shift in area from food grain towards horticulture crops over the last five years. Operation greens aims for price stabilisation, reduction in post-harvest losses, increase in food processing capacities and setting up of a market intelligence network.
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Question 5 of 10
5. Question
2 pointsWhich of the following factors have been identified as causes of slowest global output growth since the global financial crisis of 2009?
1. Uncertainty due to trade tensions between China and the USA, rising US-Iran geo-political tensions and increasing trade barriers.
2. Sharp fall in global production in the automobile industry due to a decline in demand, which was caused by changes in technology and emission standards in many countries.
3. Muted inflation in advanced and emerging economies reflecting a slack in consumer demand.
Choose the correct answer using the codes given belowCorrect
According to IMF, the global output growth has been estimated to decline to 2.9 per cent in 2019 (from 3.6 per cent in 2018 and 3.8 per cent in 2017). India also experienced a downturn in the auto industry and manufacturing exports.
Continued global trade tensions could delay the recovery in the growth of global output, which may constrain the export performance of the country. Further, escalation in US-Iran geo-political tensions may increase the price of crude oil, depreciate the rupee and weaken net FPI inflows.Incorrect
According to IMF, the global output growth has been estimated to decline to 2.9 per cent in 2019 (from 3.6 per cent in 2018 and 3.8 per cent in 2017). India also experienced a downturn in the auto industry and manufacturing exports.
Continued global trade tensions could delay the recovery in the growth of global output, which may constrain the export performance of the country. Further, escalation in US-Iran geo-political tensions may increase the price of crude oil, depreciate the rupee and weaken net FPI inflows. -
Question 6 of 10
6. Question
2 pointsConsider the following statements regarding revenue receipts in India
1.The direct taxes, comprising mainly of corporate and personal income tax, constitute around 54 per cent of Gross Tax Revenue.
2.Widening of tax base due to increase in the number of indirect tax filers in the GST regime has also led to improved tax buoyancy.
3.The receipts from recovery of loans and advances have been increasing over the years and disinvestments form the major component of Non-debt Capital receipts.Which of the above statements are true?
Correct
Better tax administration, widening of TDS carried over the years, anti-tax evasion measures and increase in effective tax payers base have contributed to direct tax buoyancy.
Over the last few years, the contribution of Non-debt Capital receipts has improved in the total pool of Non-debt receipts. However, the receipts from recovery of loans and advances have been declining over the years.Incorrect
Better tax administration, widening of TDS carried over the years, anti-tax evasion measures and increase in effective tax payers base have contributed to direct tax buoyancy.
Over the last few years, the contribution of Non-debt Capital receipts has improved in the total pool of Non-debt receipts. However, the receipts from recovery of loans and advances have been declining over the years. -
Question 7 of 10
7. Question
2 pointsConsider the following statements regarding trends in budgetary expenditure
1.Expenditure on defence services, salaries, pensions, interest payments and major subsidies account for more than sixty per cent of total expenditure.
2.Total liabilities of the Central Government, as a ratio of GDP, have been consistently declining. This is an outcome of both fiscal consolidation efforts as well as relatively high GDP growth.Which of the above statements are true?
Correct
Budgetary expenditure on subsidies has seen significant moderation through improved targeting and considerable restructuring and reclassification of Central sector and Centrally Sponsored Schemes in the recent years.
Apart from budgetary spending, Extra Budgetary Resources (EBR) have also been mobilized to finance infrastructure investment since 2016-17. These EBRs are not taken into account while calculating the Fiscal Deficit. However, they are considered in the calculations of Government Debt.Incorrect
Budgetary expenditure on subsidies has seen significant moderation through improved targeting and considerable restructuring and reclassification of Central sector and Centrally Sponsored Schemes in the recent years.
Apart from budgetary spending, Extra Budgetary Resources (EBR) have also been mobilized to finance infrastructure investment since 2016-17. These EBRs are not taken into account while calculating the Fiscal Deficit. However, they are considered in the calculations of Government Debt. -
Question 8 of 10
8. Question
2 pointsConsider the following statements about World Energy Outlook
1. It is released by UNEP.
2. The outlook spans three alternative “futures”:Stated Policies Scenario, Sustainable Development Scenario and Current Policies Scenario.
Which of the above statements are true?Correct
The International Energy Agency (IEA) has released World Energy Outlook for the year 2019.IEA is an autonomous intergovernmental organization established in the framework of Organization for Economic Cooperation and Development (OECD) in 1974 to help countries collectively respond to oil supply disruptions.
Stated Policies Scenario (STEPS): This scenario provides a detailed sense of the direction in which today’s policy ambitions would take the energy sector.
Sustainable Development Scenario (SDS): This scenario charts a path fully aligned with the Paris Agreement by holding the rise in global temperatures to “well below 2°C and pursuing efforts to limit to 1.5°C”, and meets objectives related to universal energy access and cleaner air.
Current Policies Scenario: The Current Policies Scenario is a baseline picture of how global energy markets would evolve if governments make no changes to their existing policies and measures.Incorrect
The International Energy Agency (IEA) has released World Energy Outlook for the year 2019.IEA is an autonomous intergovernmental organization established in the framework of Organization for Economic Cooperation and Development (OECD) in 1974 to help countries collectively respond to oil supply disruptions.
Stated Policies Scenario (STEPS): This scenario provides a detailed sense of the direction in which today’s policy ambitions would take the energy sector.
Sustainable Development Scenario (SDS): This scenario charts a path fully aligned with the Paris Agreement by holding the rise in global temperatures to “well below 2°C and pursuing efforts to limit to 1.5°C”, and meets objectives related to universal energy access and cleaner air.
Current Policies Scenario: The Current Policies Scenario is a baseline picture of how global energy markets would evolve if governments make no changes to their existing policies and measures. -
Question 9 of 10
9. Question
2 pointsConsider the following statements about Olive Ridley Turtles
1.The Olive Ridley Turtles are the smallest and most abundant of all sea turtles found in the world, inhabiting warm waters of the Pacific, Atlantic and Indian oceans.
2.Olive Ridleys face serious threats across their migratory route, habitat and nesting beaches, due to human activities such as turtle unfriendly fishing practices, development and exploitation of nesting beaches for ports, and tourist centres and light pollution.Which of the above statements are true?
Correct
Gahirmatha, located in Odisha, is known as the world’s largest Olive Ridley rookery. The species is recognized as Vulnerable by the IUCN Red list and is placed under Appendix 1 of CITES. These turtles spend their entire lives in the ocean, and migrate thousands of kilometers between feeding and mating grounds in the course of a year. The Coast Guard had launched the ‘Operation Oliva’ exercise as part of its annual mission to ensure the safe mid-sea sojourn of breeding Olive Ridley sea turtles.
Incorrect
Gahirmatha, located in Odisha, is known as the world’s largest Olive Ridley rookery. The species is recognized as Vulnerable by the IUCN Red list and is placed under Appendix 1 of CITES. These turtles spend their entire lives in the ocean, and migrate thousands of kilometers between feeding and mating grounds in the course of a year. The Coast Guard had launched the ‘Operation Oliva’ exercise as part of its annual mission to ensure the safe mid-sea sojourn of breeding Olive Ridley sea turtles.
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Question 10 of 10
10. Question
2 pointsConsider the following statements regarding India-Germany relations
1.Germany will provide additional finance of 1 billion euros under Joint Declaration of Intent on the Indo-German Partnership on Green Urban Mobility.
2.Germany is India’s largest trading partner in Europe with bilateral trade worth $22 billion.
3.‘Make in India Mittelstand’ (MIIM) Programme aims to facilitate investment by German SMEs into India.Which of the above statements are true?
Correct
Germany is one of the most important global partners for S&T cooperation. India and Germany have High Technology Partnership Group (HTPG) for identifying specific opportunities for high technology collaboration under the “Make in India” programme. Germany and India also cooperate on the issue of UNSC expansion within the framework of G-4
Incorrect
Germany is one of the most important global partners for S&T cooperation. India and Germany have High Technology Partnership Group (HTPG) for identifying specific opportunities for high technology collaboration under the “Make in India” programme. Germany and India also cooperate on the issue of UNSC expansion within the framework of G-4