[CSP-2020] Diagnostic Test 5

Instructions:

1. This test contains 25 items (questions). Each item comprises four responses (answers). You will select the response which you want to mark as your answer. In case you feel there is more than one correct response, mark the response you consider the best.

2. All items carry equal marks.

3. Penalty for wrong answers: THERE WILL BE PENALTY FOR WRONG ANSWERS MARKED BY A CANDIDATE IN THE OBJECTIVE TYPE QUESTION PAPERS.

(i) There are four alternatives for the answer to every question. For each question for which a wrong answer has been given by the candidate, one-third of the marks assigned to that question will be deducted as penalty.

(ii) If a candidate given more than one answer, it will treated as a wrong answer even if one of the given answers happens to be correct and there will be same penalty as above to that question.

(iii) If a question is left blank, i.e., no answer is give by the candidate, there will be no penalty for that question.

 

#1.Consider the following statements about the recently launched ‘Women Entrepreneurship Platform’:

1. It has been launched by the Ministry of Women and Child Development.

2. It aims to build a vibrant ecosystem for women across country to help realize their entrepreneurial aspirations.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#2. Consider the following statements about the India-UN Development Partnership Fund:

1. The fund has been set up as a partnership between India and United Nations Office for South- South Cooperation.

2. It will be utilized to carry out country-level projects that would be catalytic towards achieving sustainable development goals of 2030 Agenda.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#3. Consider the following statements:

1. The Banks Board Bureau has been set up to recommend for selection of heads of Public Sector Banks and Financial Institutions and help Banks in developing strategies and capital raising plans.

2. The Union Finance Minister is the ex-officio chairman of the Banks Board Bureau.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#4. ‘Women, Business and the Law’ is a project of which of the following?

(a) ILO

(b) UNCTAD

(c) World Bank

(d) OECD

 

#5. Consider the following statements:

1. Minor Forest Produce are not included in the Minimum Support Price scheme.

2. The Minimum Support Prices are announced by the Commission for Agricultural Costs and Prices for each sowing season.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#6. Consider the following statements:

1. Monetary Policy Committee (MPC) of the RBI is a statutory body.

2. MPC is headed by the Governor of the RBI.

3. Government cannot make any appointment to the MPC.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 and 3 only

(c) 1 and 2 only

(d) 1, 2 and 3

 

#7. Which of the following make up the money stock of an economy?

1. Demand deposits held with commercial banks.

2. Currency notes.

3. Deposits of commercial banks with the central bank.

Select the correct answer using the codes given below.

(a) 1 and 2 only

(b) 2 only

(c) 1 and 3 only

(d) 1, 2 and 3

 

#8. The Legal Reserves of a commercial bank are maintained with the

(a) central bank only

(b) commercial banks and the central bank

(c) central bank and the government

(d) commercial banks only

 

#9. In India, a ‘Banking Correspondent’ is most likely to work in which of the following?

(a)  A megalopolis

(b) A metro city

(c) A central business district

(d) None of the above

 

#10. Economy of a country is experiencing the following changes:

A. Exports are becoming increasingly competitive
B. Imports are becoming expensive
C. Tourism is surging
Which of the following is/are the likely assumptions that can be made from the above information?
1. That the currency of the country is experiencing a weakening.
2. That the economy of the country is in a free fall.
Select the correct answer using the codes given below.

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#11. Consider the following statements about the Index of Industrial Production (IIP):

1. IIP is a composite indicator that measures the short term changes in the volume of production of a basket of industrial products during a given period.

2. It is compiled monthly by Central Statistics Office.

Which of the above statements is/are correct?.

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#12. Consider the following statements:

1. World Trade Organisation (WTO) acts as a forum for negotiating trade agreements.

2. WTO settles trade disputes between its members.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#13. Consider the following statements:

1. International Centre for Settlement of Investment Disputes, ICSID, is part of the World Bank Group.

2. ​ICSID provides facilities for conciliation and arbitration of international investment disputes.

3. India is not a member of ICSID.

Which of the above statements is/are correct?

(a) 1 and 2 only

(b) 2 only

(c) 1 only

(d) 1, 2 and 3

 

#14. Consider the following statements:

1. The Sagarmala Development Company Limited (SDCL) has been incorporated under the Companies Act, 2013

2. SDCL has been set up under the administrative control of Ministry of Finance.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#15. Consider the following statements about the Venture Capitalists:

1. They are amateur investors.

2. They invest their money in high-risk, high-dividend enterprises.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#16. Which of the following countries are members of the Eurasian European Union?

1. Georgia

2. Russia

3. Belarus

4. Armenia

Select the correct answer using the codes given below.

(a) 1, 3 and 4

(b) 2, 3 and 4

(c) 1 and 2

(d) 1, 2, 3 and 4

 

#17. Which of the following is/are statutory bodies?

1. Securities and Exchange Board of India

2. Central Board of Direct Taxes

3. Pension Fund Regulatory and Development Authority.

Select the correct answer using the codes given below.

(a)   1 only

(b)   1 and 3 only

(c)   2 and 3 only

(d)   1, 2 and 3

 

#18. Which of the following is not a member country of the grouping popularly known as the ‘Quad’?

(a) Japan

(b) India

(c) Australia

(d) Singapore

 

#19. Consider the following statements:

1. The POSHAN Abhiyaan is a multi-ministerial convergence mission to ensure a malnutrition free India by 2022.

2. Ayushman Bharat aims to provide universal and affordable access to good quality health care services.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#20. ‘Graded Surveillance Measure’ which is sometimes in news is related to the affairs of

(a) RBI

(b) CCI

(c) IRDAI

(d) SEBI

 

#21.  The Modified-Special Incentive Package Scheme, M-SIPS, which was recently in news is related to which of the following sectors?

(a) Electronics

(b) Agriculture

(c) Textiles

(d) Fertilizers

 

#22. Which of the following is/are used to determine the Statutory Liquidity Ratio?

1. Time Liabilities

2. Demand Liabilities

Select the correct answer using the codes given below.

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#23. Consider the following statements:

1. Limitation of Benefit (LoB) Clause is a mechanism to prevent the misuse of the Double Taxation Avoidance Agreements.

2. Under LoB Clause, foreign investors who seek tax exemptions in India should produce documents that it is a resident of the said foreign country.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#24. Consider the following statements:

1. The Extended Fund Facility is lending facility of the funds of the World Bank.

2. It was established to help countries address medium- and longer-term balance of payments problems. 

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

#25. Consider the following statements:

1. The Financial Action Task Force on Money Laundering (FATF) was established by the G-7 Summit that was held in Paris in 1989. 

2. The FATF’s decision making body, the FATF Plenary, meets twice every year.  

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

************************************************************************************



Categories: CSP_GS I

Leave a Reply

%d bloggers like this: