Good morning everyone, How is your preparation going for UPSC IAS Prelims Examination, 2016. We, ForumIAS team believe that you have been regularly assessing yourself by attempting the quiz daily. Attempt the today’s CSAT test and write your answers in comment section.
[Questions]
Q.1) Three taps A, B and C can fill a tank in 12, 15 and 20 hours respectively. If A is open all the time and B and C are open for one hour each alternately, in what time will the tank be full?
a) 9 hours
b) 7 hours
c) 8 hours
d) 10 hours
Q.2) A and B started a business in partnership investing Rs. 20,000 and 15,000 respectively. After 6 months, C joined them with Rs. 20,000. What will be B’s share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
a) Rs. 8000
b) Rs. 8500
c) Rs. 9000
d) Rs. 7500
Q.3) A boatman goes 2 km against the current of stream in 1 hour and goes 1 km along the current in 10 minutes. How long will it take to go 5 km in stationary water?
a) 80 min
b) 75 min
c) 70 min
d) 72 min
Directions (Ques. 4 – 6) Study the following information carefully and answer the given questions.
Point D is 14 m towards the West of Point A. Point B is 4 m towards the South of Point D. Point F is 9 m towards the South of Point D. Point E is 7 m towards the East of Point B. Point C is 4 m towards the North of Point E. Point G is 4m towards the South of Point A.
Q.4) If a person walks 5 m towards the North of Point F and then takes right turn, which of the following point would he reach first?
a) G
b) D
c) E
d) A
Q.5) Which of the following points are in a straight line?
a) D, E, A
b) E, G, C
c) D, B, G
d) E, G, B
Q.6) A is in which direction with respect to C?
a) East
b) West
c) North
d) South
Passage 1
Financial inclusion enables improved and better sustainable economic and social development of the country. It helps in the empowerment of the underprivileged, poor and women of the society with the mission of making them self-sufficient and well informed to take better financial decisions. Financial inclusion takes into account the participation of vulnerable groups such as weaker sections of the society and low income groups, based on the extent of their access to financial services such as savings and payment account, credit insurance, pensions etc. Also the objective of financial inclusion exercise is easy availability of financial services which allows maximum investment in business opportunities, education, save for retirement, insurance against risks, etc. by the rural individuals and firms.
The penetration of financial services in the rural areas of India is still very low. The factors responsible for this condition can be looked at from both supply side and demand side and the major reason for low penetration of financial services is, probably, lack of supply. The reasons for low demand for financial services could be low income level, lack of financial literacy, other bank accounts in the family, etc. On the other hand, the supply side factors include no bank branch in the vicinity, lack of suitable products meeting the needs of the poor people, complex processes and language barriers. Since 2005, many concerted measures are initiated by the Reserve Bank of India and Government of India in favor of financial inclusion but the impact of these did not yield satisfactory results.
Q.7) Which of the following is the most logical aim of financial inclusion mentioned in the passage above?
a) Financial inclusion is the key factor to boost economic growth of India.
b) Financial inclusion would entitle the rural people to have a quality life by bringing opportunities and offering basic financial services to everyone.
c) Financial inclusion would help in keeping the track record of the rising income levels in India.
d) Financial inclusion would help the government to simplify tax structure.
Q.8) The author mentions that the efforts towards bringing the rural population under the umbrella of financial inclusion has not yielded expected outcomes. Which of the following is not the reason behind it?
- Government has lacked to implement ground level schemes like direct benefit transfer which would require banking services to be used by rural population.
- The products that are being offered by banking services in rural areas are not much use to the people.
- Rural population is not skilled enough to earn at a decent income level which would require opening and operating bank accounts.
- The processes involved in utilizing banking services are not simple enough to be used rural population.
a) 1 only
b) 1, 2 and 3 only
c) 1, 2, 3 and 4
d) 1 and 3 only
Passage 2
A progressive agriculture serves as a powerful engine of economic growth of any country. It helps in initiating and sustaining the development of other sectors of the economy. In view of this, after independence the Government of India adopted a positive approach and specific programmes like new agriculture technology were introduced. Indian farmers being poor were not in a position to buy these expensive inputs. Then the Indian Government started the scheme of subsidies on the purchase of various agriculture inputs to facilitate the farmers. Subsidies are often criticized for their financial burden, on the other hand there is a fear that agriculture production and income of farmers would decline if subsidies are curtailed.
Q.9) With reference to the above passage above, which of the following is/are true ?
1) The subsidies are rejected by some economists as they put heavy fiscal load on the exchequer.
2) Government should frame a more rational policy for subsidies in which small size category farmers, who are not actual beneficiaries of subsidies, could get more and subsides.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2.
Passage 3
India continues to be an under-insured state compared to middle income countries such as China, Brazil and the developed countries such as United States of America and the United Kingdom. Hence, both private and public sector insurance companies are making enormous efforts to create insurance awareness. An analysis based on socio-economic parameters enables an understanding of the categories of people which are insured and aware of insurance. Thus, the government needs to create appropriate awareness and take necessary steps to protect the poor households. Also, poor people cannot access improved health and educational facilities and this makes them more vulnerable to the uncertainties.
Q.10) Which is the critical inference that can be made from the above passage?
a) As of now, the perception of households does not give required attention to the concept of insurance and its benefits.
b) An analysis on socio-economic parameters should be made by the government to enable an understanding of the categories of people which are insured and aware of insurance
c) A higher proportion of insured households are both salaried and regular wage earners or are self-employed.
d) If not insured due to lack of knowledge, the impact of financial loss can be disastrous for the economically poor people and hence they need to be guarded against it.
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