CSP 2015 Indian Economy Test 3 dated. 31.12.2014

CSP 2015 Indian Economy Test 3 dated. 31.12.2014

Instructions

1.    Attempt all 60 questions.

2.    All questions carry equal marks

3.    Maximum marks:120

4.    Time allowed: As per UPSC allows

5.    Negative marking as per UPSC rules 

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1. Consider the following statements

       1. The Second Green Revolution aims to focus on dry land farming, Small and marginal

           farmers and to bridge the regional imbalances

       2. The emphasis of Evergreen Revolution is to focus on chemical fertilizers and achieve

           400 million tons of food grain production by 2020

Which of the above statements are correct?

a.    Only 1                  b. Only 2              c. Both 1 and 2          d. Neither 1 nor 2

2. The term “Rain bow Revolution” in India refers to

         a. Holistic development of industries

         b. Holistic development of agriculture sector

         c. Achieving big jump in oil seed production

         d. Achieving new heights in milk production

3. NIMZs are introduced in India. This term is related to?

         a. Special Economic Zones

         b. New Investment Derivatives in capital market

         c. To facilitate more investments and for better manufacturing

         d. To improve the cash-strapped realty sector

4. Consider the following

        1. Increase the share of manufacturing in the country’s GDP from the current 16% to 
            25% by 2022.

        2. Aims to create 100 million additional jobs in the next decade.

        3. Provides for promotion of clusters and aggregation, especially through the creation 
           of  national investment and manufacturing zones (NIMZ).

        4. All the NIMZs shall be developed under Central and state Governments 
            collaboration  without private concerns

Which of the above objectives are parts of National Manufacturing Policy 2013?

a.      1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

5. Consider the following with regard to Special Purpose Vehicle [SPV].

           1. They are created for specific purpose and ceased to exist once the intended 
              purpose has been completed or over.

          2. They were originally used to/even now created to isolate financial risk

           3. They never enjoy independence and has to listen to the parent company on all issues

           4. The SPV off-set the trouble for the newly started venture of joint venture from the 

                Indebtedness / bankruptcy of the parent company.

Which of the above statements are true?

a.      1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

6. Consider the following pairs

	Name of the Industrial corridor/NIMZs	Developed in collaboration with
1	Delhi-Mumbai Industrial Corridor [DMIC]	Japan bank for International co-operation
2	Chennai-Bengaluru Economic Corridor [CBEC]	Japan
3	Bengaluru-Mumbai Economic Corridor [BMEC]	United Kingdom

Which of the above pairs are correctly matched?

a.    1and 2                b. 1, 2 and 3                 c. 1 and 3                d. 2 and 3

7. Consider the latest policy changes in FDI

          1. Permitting foreign airliners to make foreign investment not exceeding 49% of in

              Scheduled and non-scheduled air transport services

          2. Permitting of FDI up to 51% under Govt. approval in multi-brand retail trading 

          3. Permission of FDI from Pakistan

          4. 100% FDI in single brand retail trading with some conditions  

Which of the above statements are true?

a.      1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

8. e-Biz is one of the integrated services projects and part of the 27 Mission Mode Projects (MMPs) under the National E-Governance Plan (NEGP) of the Government of India. It is being implemented by Infosys Technologies Limited (Infosys) under the guidance and aegis of Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India.

In this context, consider the following statements

1.    Enables fast and efficient access to Government-to-Business (G2B) services, ranging from Central Govt., State Govt. and Local bodies through an online portal.

2.    Help to reduce unnecessary delays in various regulatory processes required to start and run businesses.

3.    To develop a transparent, efficient and convenient interface, through which the government and businesses can interact in a timely and cost effective manner, in the future.

4.    The project is designed on PPP model. First 3 years in pilot phase and remaining 7 years, the scheme would be extended to all over India.

Which of the above statements are true?

a.      1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

9. Consider the following statements

1.    GOI has launched “Soil Health Card Scheme” in 2015, aiming to help farmers in improving productivity by appropriate use of nutrients or fertilizers.

2.    It would contain all basic information and crop-wise recommendations of nutrients or fertilizers required for farms of different soil types.

3.    It will carry crop-wise recommendation of fertilizers required for farm lands and other inputs to increase the productivity of individual farmer.

4.    This scheme is implemented by Union Ministry of Agriculture

Which of the above statements are true?

a.      1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

10. Which of the following statements is NOT correct on the Jalyukta Shivar Abhiyan scheme?

        a. It is a water conversation programme initiated by Govt. of Maharashtra

        b. It aims to make 5000 villages free of water scarcity every year and make 
            Maharashtra a drought-free state by 2019

        c. Under the scheme, the rainwater will be harvested within the village boundaries, 
            which  may help in increasing ground water levels.

        d. It is part and parcel of PM Krishi Sanchayee Yojana of the Central Government

11. Consider the following areas of India

          1. Eastern UP

          2. Punjab and Haryana

          3. Assam

          4. Bihar, Jharkhand and Bengal

Which of the above areas are considered for initiation of Second Green Revolution [SGR] in India?

a.      1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

12. Consider the following factors

           1. In-adequate inputs such as seeds, irrigation and fertilizers

           2. Lack of adequate organized credit facilities

           3. Large land holdings

           4. Poor land to lab technology transfers

Which of the above factors is responsible low productivity in Indian Agriculture?

a.    1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

13. Consider the following statements

         1. Most of the Kharif crops require short days during harvest time

         2. Most of the rabi crops required long days during harvest time

Which of the above statements are true?

a.    Only 1          b. Only 2               c. Both 1 and 2           d. Neither 1 nor 2

14. Consider the following statements

          1. The crops which are grown on irrigated land without waiting for monsoon are called

              “Zaid crops” in Indian sub-continent

          2. The Kharif zaid crops are Paddy, Cotton, Oil seeds, Rape seed and Sorghum

          3. Water melon, musk melon, cucumbers and bitter-gourd constitute rabi zaid crops

Which of the above statements are true?

a.    1and 2                b. 1, 2 and 3                 c. 1 and 3                d. 2 and 3

15. Consider the following pairs

	Cereal/vegetable/fruits	Source for
1	Barley	Beer and Whiskey
2	Potato	Vodka
3	Molasses from Sugar industry	Rum
4	Grapes	Brandy

Which of the above pairs are correctly matched?

a.    1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

16. Which of the following crops are approved for commercial cultivation in India?

        a. Bt. Cotton and Bt. Brinjal

        b. Bt. Cotton and Golden rice

        c. Bt. Maize and Bt. Cotton

        d. Bt. Cotton only

17. Consider the following sectors

            1. Except Atomic Energy and Railway operations partly are alone reserved for 
                 PSUs in  India

            2. The last 20 items which remained reserved for MSME have been de-reserved 
                  during  April, 2015

Which of the above statements are correct?

a.    Only 1                  b. Only 2              c. Both 1 and 2          d. Neither 1 nor 2

18. Which of the following does NOT relate to Sri Method of paddy cultivation?

         a. Reduced water application

         b. Reduced plant density

         c. Increased application of chemical fertilizers

         d. Reduced age of seedlings

19. A “Vertisol” in India and South East Asia means

          a. Laterite soil  

          b. Black cotton soil

          c. Red soil

          d. Peaty soils

20. Which of the following proposals was NOT part of Model APMC Act, 2003 of Union Govt. of India?

          a. Direct sale of farm produce to contract farming sponsors or consumers

          b. Setting up of “Special markets” for “specified agricultural commodities”, mostly

              Perishables

          c. Creation of marketing infrastructure from the revenue earned by the APMC

          d. Setting up of special economic zones for agricultural commodities

21. Consider the following items

          1. Cereals, pulses and edible oil seeds

          2. Chicken, goat, sheep and fish

          3. Futures trading in agricultural commodities

          4. Fruits and Vegetables 

Which of the above are to be sold first time in the Agricultural produce Market Committees?

a.    1, 2, 3 and 4             b. 1, 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

22. Which of the following statements is NOT true with regard to APMCs in India?

       a. The state governments notifies certain areas in their jurisdiction as “APMC” areas

       b. All the producers in the notified area as APMC are obliged to sell their produce or the

           notified commodities at committee only for the first time

       c. The buyers or in certain states the sellers/farmers have to pay a fees to the 
            committee

       d. The receipts of the APMCs are added to the revenue receipts of the state and the

           expenditure of the APMCs is voted by the state Legislature 

23. The APMCs can be created and regulates by

           a. State Governments

           b. Union Government

           c. Both state and Union Government

           d. The APMC Boards created by the state Governments

24. Consider the following entries in the VII schedule of the constitution

            1. Markets and Fairs

            2. Inter-state trade and Commerce

            3. Production, supply and distribution of food stuffs, including edible oil seeds, raw

                cotton, jute etc.

            4. Trade and commerce within the territorial jurisdiction of a state

Which of the above items are there in con-current list of constitution of India?

a.    1, 2, 3 and 4             b. 2  and 3                c. 1, 3 and 4        d. 1, 2 and 4

25. The Union Government has approved the setting up of an online national agriculture market in July, 2015, that will provide more options to farmers for selling their produce.

In this context, consider the following statements

1.    The state governments have to de-notify certain commodities to be traded on this online agriculture market portal

2.    The Union Government has requested states to de-recognize fruits and vegetables from the purview of APMCs

3.    Under constitution, Union Govt. has no power to legislate on the issue

4.    The futures trading in the commodities in relevant exchanges is a violation of APMC Acts of the state Governments

Which of the above statements are true?

a.    1, 2, 3 and 4             b. 2  and 3  only           c. 1, 3 and 4          d. 1 and 2 only  

26. Why is there a tendency of the sugar mills to shift and concentrate in Maharashtra?

       (a) More water resources

       (b) Soil is more fertile

       (c) More land for cultivation

       (d) Higher sucrose content of cane

27. In India, which one among the following formulates the fiscal policy?
        a. Planning Commission
        b. Ministry of Finance
        c. Finance Commission
        d. The Reserve Bank of India

28. Historically, countries have been using three methods to escape the country from poverty and under-development. In this context, consider the following pairs

	Route chosen for prosperity	Activity/Example
1	Geology	Tourism
2	Geography	Low skilled manufacturing
3	Jeans	Exploitation of natural resources

Which of the above pairs are correctly matched?

a.    1and 2                b. 1, 2 and 3                 c. 1 and 3                d. None

29. Which of the following is NOT a characteristic feature of “Lewisian Economy”?

            a. Economy with unlimited supply of labour

            b. The capitalist sector [manufacturing or services] can expand for some time without the

                  need to raise wages. 

             c. The stage where the expansion of manufacturing or others growth in economy is linked to

                  rise in wages due to exhaustion of labour force is called “Lewisian turning point”.

            d. The Lewisian theory applies only to those economies which have un-skilled

                 labour force

30. What is the meaning of “registered manufacturing”?

          a. Those factories which engage more than a prescribed number of labour

          b. Factories which are producing consumables

          c. The factory units registered under Sections 2m (i) and (ii) of the Factories Act,

              1948

          d. Those units which are functioning under SEZs

31. Consider the following statements

         1. Registered manufacturing and service sectors are considered high productive 
              sectors of Economy 

         2. Agriculture and un-registered manufacturing offer transformational changes in 
              Indian  Economy by their high productivity potential 

         3. The service sector in India is poised to absorb all the un-skilled labour under “Make 
               in  India”. 

Which of the above statements are true about Indian Economy?

a.    1 only           b. 1 and 2  only       c. 1, 2 and 3          d. 1 and 3 only

32. Consider the following sectors

          1. Roads

          2. Railways

          3. Civil Aviation

Which of the above sectors require large public expenditure to develop the infrastructure and to crowd-in the private investments?

a.    1 and 3           b. 1 and 2  only       c. 1, 2 and 3          d. 2 and 3 only

    

 33. Consider the following statements

          1. The huge profits earned in freight by Railways are used to cross-subsidize the

               Passenger traffic

          2. Use of huge surplus and Fixed Deposits to make substantial capacity addition and

              Creation of vast physical infrastructure    

          3.  Opening up of the sector for private investment under PPP model

Which of the above statements are true with regard to Indian Railways?

a.      1 and 3           b. 1 and 2  only       c. 1, 2 and 3          d. 2 and 3 only

34. Consider the following statements

          1. According to the National Transport Development Policy Committee [NTDPC], the

             share of freight traffic in India for railways for the fiscal 2011-12 is around 57% and the

             same is 33% for roads

          2. In India, the share of freight traffic in India for railways has been on increasing trend

          3. The modal share of domestic freight traffic of Indian railways is more than their

              counterparts share in BRICS members, especially China and Russia

Which of the above statements are correct?

a.    1and 2                  b. 1, 2 and 3                 c. 1 and 3                     d. None

35. Consider the modes of transport of freight traffic

           1. Roads 

           2. Railways

           3. Water ways

Arrange them in decreasing order of the cost incurred per unit of freight?

a.    1, 2 and 3             b. 3, 2 and 1             c. 1, 3 and 2            d. 3, 1 and 2

36. Government of India is planning to invest Rs.43,000/-  Crore in Green Energy Corridor Project [GECP] and Germany has promised provide developmental and technical assistance of €1 billion for the project. Which is the chief objective of this project?

          a. Afforestation schemes in the coal excavated areas in chotanagpur area

          b. Developing forest tracts in place of denuded and cut forests

          c. Investment in renewable sources of energy

          d. Synchronizing electricity produced from renewable sources with conventional

              Power Stations in the grid.

37.  The share of Agriculture in country’s GDP was for 13.7% in 2012-13 and employed 51% of the total workforce in 2012. In this connection, consider the following activities

         1. Agriculture proper [output of different crops]  

         2. Forestry, logging and fishing

         3. Animal husbandry such as Dairy Industry, Poultry etc.

         4. Exploitation of Natural resources such as coal, minerals etc.

 Which of the above sectors are included in the agricultural GDP mentioned supra?

a.    1, 2 and 3            b. 1, 2, 3  and 4            c. 1, 3 and 4          d. 1 and 2 only 

38. What is the main objective of the scheme “Neeranchal” which was announced in the 2014-15 Budget?

         a. Providing irrigation facilities to individual small and marginal farmers

         b. Integrated watershed development

         c. Enhancing the forest cover in India

         d. None of the above

39. Consider the following pairs

          1. In India, Minimum Support Price of a crop is more than the Procurement price          

          2. The issue price is necessarily be more than the procurement price

          3. In some states, a bonus is paid over and above the MSP declared by the Union Govt.

Which of the above statements are true in India?

a.    1and 2                  b. 1, 2 and 3                 c. 1 and 3             d. Only 3

40. Mission for Integrated Development of Horticulture [MIDH] has come into existence from FY 2014-15 which brought all the horticulture related schemes under its purview in India. In this connection, consider the following statements

1.    Enhance horticulture production, augment farmers income and strengthen nutritional security

2.    Improve productivity by way of quality germplasm, planting material and water use efficiency through Micro Irrigation

3.    Providing post-harvest management, especially in the cold chain sector

4.    To co-ordinate with APMCs to derecognize fruits and vegetables from their purview.

Which of the above statements are true on the objectives of the Mission?

a.    1, 2, 3 and 4             b. 1, 2  and 3  only           c. 1, 3 and 4          d. 1 and 2 only 

41. Consider the following stock and commodity exchanges

           1. National Stock Exchange [NSE]

           2. National Multi Commodity Exchange of India Ltd, Ahmedabad (NMCE)

           3. Multi Commodity Exchange of India Ltd, Mumbai (MCX) 

           4. National Commodity and Derivative Exchange, Mumbai (NCDEX) 

In which of the above exchanges, commodity futures are traded in India?

a.    1, 2, 3 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 2, 3 and 4 

42. Consider the following

           1. National Stock Exchange [NSE]

           2. Bombay Stock Exchange [BSE]

Which of the above stock exchange offer currency futures in India?

a.    Only 1                  b. Only 2              c. Both 1 and 2          d. Neither 1 nor 2

43. Consider the following statements

         1. India is the largest producer of pulses in the world with a share of 22 percent

         2. The productivity of pulses in India is one of the highest in the World

         3. The top pulses producing states are Madhya Pradesh, Maharashtra, Rajasthan, UP         

             and Karnataka

Which of the above statements are correct?

a.    1and 2                  b. 1, 2 and 3              c. 1 and 3             d. 2 and 3

44. India being the largest producer [18.5 million tons] and processor of pulses in the world also imports around 3.5 million tons annually on an average to meet its ever increasing consumption needs of around 22.0 million tons. Which of the following is NOT a reason for not achieving self-sufficiency in pulses production in India?

         a. The stagnation of cropping area around 23 million hectares from 1960s to till date

         b. Lack of MSP for the pulses

         c. Lack of R and D or Green revolution like initiative to enhance the productivity of

             Pulses in India

         d. Much of the cropped area under pulses is rain-fed and poor marketing conditions   

45. Which of the following statements is NOT correct with regard to Green Revolution of 1960s in India?

         a. The first GR has benefitted only cereals like Wheat, Paddy, Maize, Sorghum and Bajra

         b. It created regional imbalances with skewed prosperity across the states 

         c. It benefitted the small and marginal farmers and share croppers in a big way

         d. It achieved self sufficiency in food grain production in India

46. Consider the following statements

           1. Development of new and improved varieties of plants

           2. Creation of Seed Banks and National Seed Grid.

           3. No GM crops would be commercially released in India and no import of transgenic

               seeds into India.  

           4. Facility for import of best quality seeds and encouragement to export of seeds

Which of the above are ingredients of National seed Policy, 2002?

a.    1, 2 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 2, 3 and 4 

47. Consider het following pairs

	Name of the revolution	Area
1	Golden Revolution	Horticulture development
2	White Revolution or Operation Flood	Milk
3	Yellow Revolution	Pulses
4	Evergreen Revolution	Overall development of Agriculture

Which of the above pairs are correctly matched?

a.    1, 2 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 2, 3 and 4 

48. Which of the following are the largest exports from the agricultural basket of India?

          a. Pulses

          b. Oil seeds

          c. Basmati rice

          d. Marine products

49. Which of the following are the major agricultural imports into India?

          a. Pulses

          b. Edible Oils

          c. Basmati rice

          d. Coarse cereals 

50. The PM of India, Shri. Narendra Modi called for a Tri-colour revolution in India. In this context, consider the following pairs.

	Name of the revolution	Area
1	Saffron Revolution	Solar Energy
2	White Revolution	Cattle welfare
3	Blue Revolution	Welfare of the fishermen and clean water
4	Second Green Revolution	Protein rich pulses

Which of the above pairs are correctly matched?

a.    1, 2 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 1, 2, 3 and 4 

51. The Ministry of Agriculture has opened three national portals. In this context, consider the following pairs

	Name of portal	Purpose
1	Participatory Guarantee System Portal	Secure certification for small and Marginal farmers engaged in organic farming
2	Soil health card portal	Create national database on soil health for future use in research
3	Fertiliser Quality control system portal	Study on the role of imported fertilizers on consumers and importers

a.    1and 2                  b. 1, 2 and 3              c. 1 and 3             d. 2 and 3

52. The ONGC Videsh Ltd. [OVL] has involved in exploration activities outside India on its own or through subsidiaries and as Joint ventures in 30 projects in 15 countries, of which 9 projects are done on its own, 7 under Joint Ventures and 14 projects through participating interest.   In this connection, consider the following oil and gas fields outside India

           1. Farzad-B gas field in Iran

           2. Sakhalin-I and Imperial Energy in Russia

           3. Investments in Vietnam, Syria, Sudan, South Sudan, Venezuela and Brazil

Which of the above cases, OVL has not ownership by any method described supra?

a.    Only 1                       b. 1 and 2                     c. 1, 2, and 3                  d. 2 and 3

53. Consider the following oil and gas companies in India

            1. Oil and Natural Gas Corporation of India [ONGC]

            2. Oil India Limited [OIL]

            3. Reliance Industries

            4. Indian Oil Corporation [Indian Oil]

Which of the above are upstream oil and gas companies in India?

a.    1, 2 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 1, 2, 3 and 4 

54. Consider the following oil and gas companies in India

            1. Hindustan Petroleum Corporation Limited [HPCL]

            2. Bharat Petroleum Corporation Limited [BPCL]

            3. Gujarat State Petroleum Corporation Ltd (GSPC)

            4. Indian Oil Corporation [Indian Oil]

Which of the above are down-stream oil and gas companies in India?

a.    1, 2 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 1, 2, 3 and 4 

55. Which of the following PSU has NOT been granted “Maharatna” status by GOI?

            a. Oil & Natural Gas Corporation Limited [ONGC]

            b. Coal India Limited [CIL]

            c. GAIL (India) Limited

            d. Bharat Petroleum Corporation Limited [BPCL]

56. Consider the cumulative installed capacity of renewable sources of Energy in India as on 31.3.2015, under various heads

          1. Solar Power

          2. Small Hydro power

          3. Bagasse co-generation 

          4. Wind Power

Arrange the above heads in a descending order of their installed capacity.

a.    4, 2, 3 and 1     b. 4, 2, 1 and 3            c. 1, 2, 3 and 4          d. 4, 3, 2 and 1

57. Consider the following pairs

	Nature of the solar technology	Description
1	Photo voltaic cells	Direct conversion of sun rays into electricity
2	Solar thermal technology	Use sunlight to generate heat and the said heat is used to run generator to create electricity
3	Concentrating solar power [CSP]	Reflective materials used to create heat and from the heat electricity is generated

a.    1and 2                  b. 1, 2 and 3              c. 1 and 3             d. 2 and 3

58. Consider the following recommendations of Ramesh Chand Committee constituted by the Union Agriculture Ministry to examine the mandate of the Commission for Agricultural Costs and Prices (CACP) and various aspects of fixation of MSP.

        1. While calculating the cost of production, two villages should be selected in place of one

            Village from each block and the head of a family engaged in farming should be valued at

            Skilled-wage rates, not as unskilled.

        2. The interest on working capital employed in farming should be estimated for whole, not

            half, of the period of a crop season

        3. The land rental values should be fixed notionally disregarding the prevailing rates in the

            sample villages

        4. The mandate of Commission for Agricultural Costs and Prices (CACP) to expanded and

            renamed as 'Commission on Agricultural Costs, Prices and Policies'
 Which of the above statements are correct?

a.    1, 2 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 1, 2, 3 and 4 

59. Which of the following statements are NOT correct about the The Essential Commodities Act, (ECA), 1955?

       a. The Act empowers the Central and state governments concurrently to control 
             production, Supply and distribution of certain commodities

       b. The governments have the power to fix price limits, and selling the particular

            Commodities above the limit will attract penalties

       c. At present 7 products are categorized as essential under the Act which include 
            potatoes  and Onions

        d. The de-hoarding operations and control the prices of essential goods come

             under the exclusive domain of Union Government.

60. Consider the following statements on Mega Food Parks Scheme

           1. To provide excellent infrastructure facilities for food processing industries along the

               Value chain from the farm to the market. 

           2. To rise the processing of perishables in the country from the existing 6% to 20% 
              and increase value addition from 20% to 35%.

            3. To increase the share of India in the global food trade from 1.5% to 3% by the 
                 year  2015.

            4. Cluster based approach

Which of the above statements are true with regard to Mega Food Park scheme?

a.    1, 2 and 4             b. 1, 2  and 3           c. 1, 3 and 4          d. 1, 2, 3 and 4 

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