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Daily Quiz: April 17, 20187
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- Question 1 of 7
1. Question
1 pointsCategory: EconomyWhich among the following is/are the performance indices to calculate MGNREGA index?
- Average days of employment per household.
- Percentage wages paid within the promised 1 month of enlisting to work.
- The work completion rate.
Select the correct answer using the codes given below:
Correct
Three performance indicators to rank the States:
- average days of employment per household,
- percentage wages paid within the promised 15 days of enlisting to work, and
- the work completion rate.
Each indicator measures the implementation of MGNREGA in the State on an important output. Collectively the three indicators capture the key aspects of MGNREGA implementation- employment generation, wages paid in time, and assets created as promised.
Incorrect
Three performance indicators to rank the States:
- average days of employment per household,
- percentage wages paid within the promised 15 days of enlisting to work, and
- the work completion rate.
Each indicator measures the implementation of MGNREGA in the State on an important output. Collectively the three indicators capture the key aspects of MGNREGA implementation- employment generation, wages paid in time, and assets created as promised.
- Question 2 of 7
2. Question
1 pointsCategory: EconomyIn reference to the tax scenario of the Indian economy, consider the following statements:
- Over the years, direct tax base has been widening.
- Revenue from Indirect taxes has been increasing in comparison to direct taxes.
- Wider indirect taxation is better in comparison to wider direct taxation.
Which of the statements given above is/are true?
Correct
Over the years, direct tax base has been narrowing. Wider direct taxation is better than indirect taxation because Indirect taxes negatively affect the poor as everybody has to pay the indirect taxes uniformly. Statement 2 is correct. For more details refer to this news article by The Hindu
Incorrect
Over the years, direct tax base has been narrowing. Wider direct taxation is better than indirect taxation because Indirect taxes negatively affect the poor as everybody has to pay the indirect taxes uniformly. Statement 2 is correct. For more details refer to this news article by The Hindu
- Question 3 of 7
3. Question
1 pointsCategory: EconomyWhich of the following statements) is/are correct?
- Inland Waterways Authority of India was established in October 1986 for development of Inland waterways.
- Headquarter of this Authority is in Patna.
- Bhanga–Lakhimpur Waterway is India’s National Waterway 5.
Select the correct answer using the codes given below:
Correct
Headquarter of Inland Waterways Authority of India is in Noida.
Bhanga–Lakhimpur is National Waterway No. 6.
National Waterway No. 5 is Talcher to Paradip.
Incorrect
Headquarter of Inland Waterways Authority of India is in Noida.
Bhanga–Lakhimpur is National Waterway No. 6.
National Waterway No. 5 is Talcher to Paradip.
- Question 4 of 7
4. Question
1 pointsCategory: EconomyConsider the following statements about India-US relations
- US Congress has introduced a resolution to bring India on a par with America’s NATO allies in terms of Defence trade and technology transfer
- A Bill was introduced in the US Congress to help India join the Asia Pacific Economic Cooperation (APEC).
Select the correct answer using the codes given below:
Correct
A Congressional resolution aiming to bring India on a par with America’s NATO (North Atlantic Treaty Organization) allies in terms of Defence trade and technology transfer was introduced recently.
The US-India Defence Technology and Partnership Act (HR 4825) proposes to amends the Arms Export Control Action.
A group of influential US lawmakers have introduced a Bill in the Congress asking the US President Barack Obama administration to help India join the Asia Pacific Economic Cooperation (APEC).
Incorrect
A Congressional resolution aiming to bring India on a par with America’s NATO (North Atlantic Treaty Organization) allies in terms of Defence trade and technology transfer was introduced recently.
The US-India Defence Technology and Partnership Act (HR 4825) proposes to amends the Arms Export Control Action.
A group of influential US lawmakers have introduced a Bill in the Congress asking the US President Barack Obama administration to help India join the Asia Pacific Economic Cooperation (APEC).
- Question 5 of 7
5. Question
1 pointsCategory: EconomyThe financial instruments through which an Indian entity can raise money from overseas market in the rupee is termed as
Correct
Masala bond is a term is used to refer to rupee-denominated borrowings by Indian entities in overseas markets. The International Finance Corporation (IFC), the investment arm of the World Bank, issued a ₹1,000 crore bond to fund infrastructure projects in India. These bonds were listed on the London Stock Exchange (LSE). IFC then named them Masala bonds to give a local flavour by calling to mind Indian culture and cuisine. While it may seem odd to name a staid debt instrument after food stuffs, it has been done in the past. Chinese bonds, named Dim-sum bonds after a popular dish in Hong Kong, have been around for while. So have Japanese bonds named Samurai after the country’s warrior class.
These are issued to foreign investors and settled in US dollars. Hence the currency risk lies with the investor and not the issuer, unlike external commercial borrowings (ECBs), where Indian companies raise money in foreign currency loans. While ECBs help companies take advantage of the lower interest rates in international markets, the cost of hedging the currency risk can be significant. If unhedged, adverse exchange rate movements can come back to bite the borrower. But in the case of Masala bonds, the cost of borrowing can work out much lower.
Incorrect
Masala bond is a term is used to refer to rupee-denominated borrowings by Indian entities in overseas markets. The International Finance Corporation (IFC), the investment arm of the World Bank, issued a ₹1,000 crore bond to fund infrastructure projects in India. These bonds were listed on the London Stock Exchange (LSE). IFC then named them Masala bonds to give a local flavour by calling to mind Indian culture and cuisine. While it may seem odd to name a staid debt instrument after food stuffs, it has been done in the past. Chinese bonds, named Dim-sum bonds after a popular dish in Hong Kong, have been around for while. So have Japanese bonds named Samurai after the country’s warrior class.
These are issued to foreign investors and settled in US dollars. Hence the currency risk lies with the investor and not the issuer, unlike external commercial borrowings (ECBs), where Indian companies raise money in foreign currency loans. While ECBs help companies take advantage of the lower interest rates in international markets, the cost of hedging the currency risk can be significant. If unhedged, adverse exchange rate movements can come back to bite the borrower. But in the case of Masala bonds, the cost of borrowing can work out much lower.
- Question 6 of 7
6. Question
1 pointsCategory: EconomyConsider the following statements regarding the Nutrient Based Subsidy (NBS) scheme implemented by government of India:
- Under NBS, subsidy is given based on the weights of different nutrients (N, P, K and S) in the fertilizer.
- Additional subsidy is also provided on fertilizers fortified with secondary nutrients and micronutrients.
- Urea falls under the ambit of NBS.
- Under this scheme the maximum retail price of fertilizers has been left open and manufacturers are allowed to fix the MRP at a reasonable level.
Which of the statements given above is/are true?
Correct
Government of India is implementing Nutrient Based Subsidy (NBS) policy w.e.f. 1st April 2010. The notable features of this scheme are as follows:
- This scheme is for 22 grades of decontrolled fertilizers namely DAP, MAP, TSP, DAP Lite, MOP, SSP, Ammonium Sulphate and 15 grades of complex fertilizers.
- These fertilizers are provided to the farmers at the subsidized rates based on the nutrients (N, P, K & S) contained in these fertilizers.
- Additional subsidy is also provided on the fertilizers fortified with secondary and micronutrients as per the Fertilizer Control Order such as Boron and Zinc.
- The subsidy given to the companies is fixed annually on the basis of its nutrients content (i.e. Nitrogen, Phosphate, Potash and Sulphur).
- Under this scheme, Maximum Retail Price (MRP) of fertilizers has been left open and manufacturers/marketers are allowed to fix the MRP at reasonable level.
- Urea does not come under NBS.
Incorrect
Government of India is implementing Nutrient Based Subsidy (NBS) policy w.e.f. 1st April 2010. The notable features of this scheme are as follows:
- This scheme is for 22 grades of decontrolled fertilizers namely DAP, MAP, TSP, DAP Lite, MOP, SSP, Ammonium Sulphate and 15 grades of complex fertilizers.
- These fertilizers are provided to the farmers at the subsidized rates based on the nutrients (N, P, K & S) contained in these fertilizers.
- Additional subsidy is also provided on the fertilizers fortified with secondary and micronutrients as per the Fertilizer Control Order such as Boron and Zinc.
- The subsidy given to the companies is fixed annually on the basis of its nutrients content (i.e. Nitrogen, Phosphate, Potash and Sulphur).
- Under this scheme, Maximum Retail Price (MRP) of fertilizers has been left open and manufacturers/marketers are allowed to fix the MRP at reasonable level.
- Urea does not come under NBS.
- Question 7 of 7
7. Question
1 pointsCategory: EconomyWhich among the following factor(s) have prevented India from becoming a manufacturing hub?
- Favourable terms for MSMEs
- De-industrialisation in India due to Chinese imports
- Emphasis on services sector
- Lack of ease of doing business
Select the correct answer using the codes given below:
Correct
This is basic question of simple economics. All are imp reasons for lack of manufacturing base in India.
Incorrect
This is basic question of simple economics. All are imp reasons for lack of manufacturing base in India.