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Hit List Questions 19 - PPP 100 PRELIMS 2024 - 37
1. |
Consider the following statements regarding Price Stabilization Fund (PSF): (i) It is under ministry of Agriculture and Farmers Welfare (ii) The fund is utilized to grant working capital loan to central agencies (iii) The scheme promotes direct purchase of farm produce from the farmers Select the correct answer using the code given below: (a) (i) only (b) (i) & (ii) only (c) (ii) & (iii) only (d) (i), (ii) & (iii) Note: |
C |
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2. |
Official languages of the United Nations include 1. Russian 2. Arabic 3. French 4. Chinese 5. Spanish Select the correct answer using the code given below: (a) 1, 2, 3 and 5 only (b) 1, 3 and 4 only (c) 2, 4 and 5 only (d) 1, 2, 3, 4 and 5 Note: There are six official languages of the UN. These are Arabic, Chinese, English, French, Russian and Spanish. |
D |
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3. |
With reference to Select Committee of Parliament, consider the following statements: 1. Its membership is limited to MPs from one House. 2. It is an ad hoc committee. 3. Its reports are binding on the government. Which of these is/are incorrect?. (a) 1 and 3 only (b) 2 and 3 only (c) 1 and 2 only (d) 1, 2, 3 Note: Select Committee
How are a Select Committee’s members selected?
How does a Select Committee work?
What are the functions of a Select Committee?
What happens once a Select Committee’s report is submitted?
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C |
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4. |
Consider the following statements w.r.t. Ben Gurion Canal Project: 1. It would connect the Mediterranean Sea with the Gulf of Aqaba, bypassing the Suez Canal. 2. It was a proposed by Israel. Which of these statements is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Note: https://www.newarab.com/news/what-israels-ben-gurion-canal-plan-and-why-gaza-matters https://indianexpress.com/article/explained/explained-global/ben-gurion-canal-suez-israel-9021520/ |
C |
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5. |
The legislation(s) in India govern(s) the regulation and quality control of drugs and cosmetics is/are 1. Food Safety and Standards Act, 2006 2. Indian Medical Council Act, 1956 3. Drugs and Cosmetics Act, 1940 4. Pharmaceuticals and Medical Devices Act, 2017 Select the correct answer using the code given below: (a) 1 and 3 only (b) 2, 3 and 4 only (c) 3 only (d) 1, 3, 4 only Note: |
C |
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6. |
WPI and CPI are two different baskets of goods and services. Consider the following statements. 1. The CPI-based inflation data is compiled by the Ministry of Statistics and Programme Implementation. 2. The WPI -based inflation data is dominated by the prices of manufactured goods. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Note: |
C |
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7. |
Consider the following statements with reference to the Great Blue Hole: 1. It is known for its crystal-clear water. 2. The water appears and becomes almost black as it gets deeper. 3. It is formed because of the erosion of limestone terrains. How many of the above statements are correct? (a) Only one (b) Only two (c) All three (d) None Note: |
C |
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8. |
Where are Batagaika crater? (a) Ukraine (b) Niger (c) Russia (d) Australia Note: |
C |
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9. |
‘Headcount ratio’ is (a) When the number of poor is estimated as the proportion of people below the poverty line (b) When the number of poor is estimated as the proportion of people above the poverty line (c) When the number of people is estimated as the proportion of people below the median income of the country (d) When the number of people is estimated as the proportion of people below the standard deviation income of the country Note: The Head count ratio (HCR) is the proportion of a population that exists, or lives, below the poverty line. The Poverty headcount ratio at national poverty line (percentage of population) in India was last reported at 21.9% in 2011-12 as per Tendulkar committee. |
A |
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10. |
Consider the following statements: 1. The Election Commission of India is a five-member body. 2. The Union Ministry of Home Affairs decides the election schedule for the conduct of both general elections and bye-elections. 3. The Election Commission resolves the disputes relating to splits/mergers of recognized political parties. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 2 only (c) 2 and 3 only (d) 3 only Note: Election commission
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D |
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11. |
Which of the below statements is/are correct w.r.t. “Gene-Edited Mustard” in news?. 1. Glucosinolates are synthesised in the leaves and pod walls of mustard plants. 2. CRISPR/Cas9 – a gene-editing tool was deployed. (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Note: |
C |
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12. |
1. Mukandra Hills 2. Ramgarh Vishdhari 3. Ranthambore 4. Sariska 5. Dhoulpur-Karauli Tiger reserves in Rajasthan include (a) 3 and 4 only (b) 3. 4 and 5 only (c) 1, 3 and 4 only (d) 1, 2, 3, 4 and 5 Note: |
D |
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13. |
In case of disguised unemployment, which of the following will hold true: (i) Marginal productivity of capital will be zero (ii) Productivity of labour will be less Select the correct answer using the code given below: (a) (i) only (b) (ii) only (c) Both (i) & (ii) (d) Neither (i) nor (ii)
Note: Disguised unemployment arises because more labourers work in the factory/land than are required. And hence productivity i.e. production per unit of labour will be less. So, (ii) statement is correct. In such case if we add more capital then production may increase but if we add more labour then production will not increase. So, marginal productivity of capital = change in production/ change in capital = will be positive but marginal productivity of labour = change in production/ change in labour = will be zero
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B |
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14. |
Which of the following is not true w.r.t. State of India’s Birds 2023 Report? (a) The Indian Peafowl, the national bird of India, is showing a remarkable increase in both abundance and distribution. (b) The Asian Koel, House Crow, Rock Pigeon, and Alexandrine Parakeet are have demonstrated a notable decrease in abundance since the year 2000. (c) Ducks, both resident and migratory, are declining, with certain species like the Baer’s Pochard, Common Pochard, and Andaman Teal being particularly vulnerable. (d) Sarus Crane has rapidly declined over the long term.
Note:
State of India’s Birds (SoIB) 2023 Report:
Highlights of the SoIB 2023 Report:
Major Threats to Bird Species:
Way Ahead - Need for More Actions, Research:
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B |
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15. |
Consider the following statements regarding the “Remission of Duties or Taxes on Export Products (RoDTEP)” scheme: (i) It is a WTO compliant scheme (ii) It has replaced Merchandise Exports from India Scheme (MEIS) Select the correct answer using the code given below: (a) (i) only (b) (ii) only (c) Both (i) & (ii) (d) Neither (i) nor (ii) Note: Remission of Duties or Taxes on Exported Products (RoDTEP) Before GST, any taxes on import (customs duties) of inputs required to manufacture exported products were refunded through Merchandise Export of India Scheme (MEIS) by giving Duty Credit Scrips to exporters. This means if I export goods worth Rs. 100 crores then govt used to give me a paper (Duty Credit Scrip) worth Rs. 2crore (some % of export value) which I could use to pay/adjust my customs duties on import of raw materials. There were certain exemptions on domestic taxes also in case of exports. But WTO said that the MEIS scheme is not compliant with the WTO trade rules (no need to go into it) and in 2020 it was replaced by Remission of Duties or Taxes on Exported Products (RoDTEP). Under GST regime, Govt. exempts GST/IGST (taxes paid in case of domestic production and import of raw materials) in case of exports and this is called "exports are zero rated". Because first exporters pay GST/IGST (the standard rate) to the government and then they provide a proof to the government that it is a case of export (sold abroad) and the government reimburses the entire GST hence effectively no tax on exports. However, certain products are outside GST and the taxes/duties/levies imposed on these products are still not refunded in case of exports even in the present GST regime. These taxes are VAT on fuel used in transportation, Mandi tax, taxes on electricity, petroleum products etc (which becomes embedded in the product price). Under the new RoDTEP scheme, these taxes will be refunded to exporters in their ledger accounts with Customs. The credits can be used to pay basic customs duty on imported goods/raw materials. The scheme is available for all kinds of exports from 1st Jan 2021. |
C |
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16. |
The "Totalization Agreement" is related to which of the following: (a) Avoiding double taxation of income with respect to social security taxes (b) Free market access for trade in services (c) Bilateral agreement between countries to enable unrestricted movement of labour (d) Agreement among all the WTO members to promote e-commerce Note: These are bilateral agreements entered between countries to avoid double taxation of income with respect to social security taxes. United States has entered into Totalization Agreements with several countries. These agreements must be taken into account when determining whether any alien is subject to the U.S. Social Security/Medicare tax, or whether any U.S. citizen or resident alien is subject to the social security taxes of a foreign country. Any alien who wishes to claim an exemption from U.S. Social Security taxes and Medicare taxes because of a Totalization Agreement must secure a Certificate of Coverage from the social security agency of his home country and present such Certificate of Coverage to his employer in the United States. India has till now not signed Totalization Agreement with US. But it will pitch for a ''totalization pact'' to protect interests of professionals of Indian origin who contribute more than $1 billion each year to the US social security through federal taxes without availing any benefits in return. |
A |
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17. |
With reference to Sulina Channel, consider the following statements: 1. It lies completely within the borders of Ukraine. 2. It connects major Ukrainian ports on the river to the Black Sea. Which of these statements is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Note: Sulina Channel is a 63 km long distributary of the Danube. It lies completely within the borders of Romania. Of the three major channels of the Danube river, the Sulina Channel is the only one deep and wide enough for freight transport.
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B |
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18. |
Consider the following statements with reference to Deodar cedar: 1. It is a large deciduous tree. 2. It is a Gymnosperm. 3. Its leaves are needle-like. (a) 1 and 2 only (b) 2 and 3 only (c) 1, 2 and 3 (d) 1 and 3 only Note: Himalayan Cedar or deodar tree • It is a large evergreen coniferous tree. • It has a conic crown with level branches and drooping branchlets. • The leaves are needle-like and they vary from bright green to glaucous blue-green in colour. • The species natively occurs in East-Afghanistan, South Western Tibet, Western Nepal, Northern Pakistan, and North-Central India. • It grows at altitudes of 1,500–3,200 m. • Deodar has a high demand in the market owing to its fine-grade timber, medicinal qualities and sacred use. The tree is known for its capacity to sequester a significant amount of carbon. • The growing climate crisis will result in
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B |
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19. |
The RBI''s monetary policy broadly remains pivoted on “withdrawal of accommodation”. Withdrawal of accommodation policy implies 1. increasing the money supply by lowering interest rates. 2. decreasing the money supply by raising interest rates. 3. inflation remains within the target going forward, while supporting growth. 4. inflation remains outside the target going forward, while downsizing growth. (a) 1 & 3 (b) 1 & 4 (c) 2 & 3 (d) 2 & 4 Note: In easy money policy, the interest rates are lower, therefore it is easier to borrow, thereby increasing money circulation in the economy. In the tight money policy, the interest rates are higher, therefore it is difficult to borrow and the money circulation will reduce in the economy. Easy money policy is used when there is recession, tight money policy is used when there is inflation. In tight money policy the reserve requirements of banks are increased and Government securities are sold. |
C |
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20. |
‘1+4’ cooperation framework that is seen in news refer to the context of (a) CPEC (b) QUAD (c) BRICS (d) INSTC Note: Under the ‘1+4’ cooperation framework of CPEC, ‘1’ represents ‘CPEC’ and the 4 includes Energy, Gwadar Port, Transport Infrastructure and Industrial cooperation. The Chinese investments are supposed to boost Pakistan’s 274 billion dollar GDP by over 15 percent. |
A |
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21. |
Consider the following statements: 1. Indian Penal Code (IPC) provides procedures for administering criminal law in India. It was enacted in 1973 and became effective on 1 April 1974. 2. Code of Criminal Procedure (CrPC) is the official criminal code of India drafted in 1860 in the wake of the first law commission established in 1834 under the Charter Act of 1833. 3. The Indian Evidence Act, originally passed in India by the Imperial Legislative Council in 1872, during the British Raj, contains a set of rules and allied issues governing admissibility of evidence in the Indian courts of law. Which of these is/are incorrect?. (a) 1 and 3 only (b) 2 and 3 only (c) 1 and 2 only (d) 1, 2, 3 Note: |
C |
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22. |
Which of the below statements is/are correct w.r.t. “Clouded Leopard” ?. 1. It has the largest canines in proportion to its skull size among all cat species. 2. It is tagged vulnerable on the IUCN Red List. (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Note: |
C |
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23. |
1. It proposes that the selection panel for appointing the Election Commission, Chief Election Commissioner, and other Election Commissioners, will consist of the Prime Minister as the chairperson, the Leader of the Opposition as a member, and a Union Cabinet Minister nominated by the Prime Minister as another member. 2. It proposes the establishment of a Search Committee to prepare a panel of five persons for consideration for the positions of Chief Election Commissioner, and other Election Commissioners. Which of the statements given above is/are correct w.r.t. Election Commissioners appointment Bill, 2023? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Note: Highlights of the bill · Repeal- It repeals the Election Commission (Conditions of Service of Election Commissioners and Transaction of Business) Act, 1991. · Appointment- It adds that the CEC and other ECs will be appointed by the President on the recommendation of a Selection Committee. · Selection Committee- The Selection Committee will consist of o Prime Minister as Chairperson o Leader of the Opposition in Lok Sabha as member, o Union Cabinet Minister nominated by the Prime Minister as member. · If the Leader of Opposition in Lok Sabha has not been recognised, the leader of the single largest opposition party in Lok Sabha will assume the role. · Search Committee- A Search Committee will prepare a panel of 5 persons for the consideration of the Selection Committee. · The Search Committee will be headed by the Cabinet Secretary. · It will have 2 other members, not below the rank of Secretary to the central government, having knowledge and experience in matters related to elections. · The Selection Committee may also consider candidates who have not been included in the panel prepared by the Search Committee. · Eligibility for CEC and EC- o Persons who are holding or have held posts equivalent to the rank of Secretary to the Central Government and o Persons having expertise in managing and conducting elections. · Salary and allowances - The Bill provides that salary, allowance, and service conditions of the CEC and other ECs will be the same as that of the Cabinet Secretary. · Term of office - The Bill retains the same tenure as mentioned in the 1991 Act. Also, the CEC and other ECs will not be eligible for re-appointment. · Conduct of business- All business of the Election Commission is to be conducted unanimously. · In case of difference of opinion between the CEC and the other ECs on any matter, it shall be decided through majority. · Removal - The Bill retains the earlier removal procedure. · Resignation- The Bill has the same provision of the 1991 Act in which the CEC and other ECs may submit their resignation to the President. In Anoop Baranwal vs Union of India, the Supreme Court ruled that the appointment of the CEC and EC by the President will be based on the advice of a 3-member high-level committee (Prime Minister, Leader of Opposition in Lok Sabha, and Chief Justice of India) Implications · Pros - It proposes a search committee, headed by the Cabinet Secretary, with 2 other members to prepare a panel of 5 members for the consideration of the Selection Committee. · Another positive feature of the Bill is that prescribing the qualifications for appointment to the posts. · Cons - The composition of the Selection Committee in the Bill raises questions on whether the process is now independent or still rigged in favour of the Executive. · With the PM and a Cabinet Minster nominated by the PM in the three-member panel, the LoP is outvoted even before the process begins.
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C |
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24. |
Government Producer Scheme seen in news refer to the context of (a) Semiconductors (b) Solar Energy (c) Rare Earths (d) Coal mining Note: |
B |
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25. |
Which of the following countries have territorial disputes with China in the South China Sea related to the “Nine-Dash Line”? 1. Vietnam 2. Malaysia 3. Philippines 4. Thailand (a) 2 and 3 only (b) 1, 2 and 3 only (c) 1, 3 and 4 only (d) 1, 2, 3, 4 Note: |
B |