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Question 1 of 5
1. Question
2 points
Which of the following statements regarding Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) is incorrect?
Correct
Option (c) is correct.
Explanation:
The Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a free foodgrain distribution scheme, will be extended for the next five years which was scheduled to end on December 31, 2023.
PM-GKAY is a scheme as part of Atmanirbhar Bharat to supply free food grains to migrants and poor.
Statement 1 is correct: PMGKAY provides 5 kg of foodgrains to each family holding a ration card free of cost and the 5 kg of subsidized foodgrain already offered through the Public Distribution System (PDS).
Statement 2 is correct: Families belonging to Antyodaya Anna Yojana (AAY) and Priority Households (PHH) categories will be eligible for the scheme.
PHH are to be identified by State Governments/Union Territory Administrations as per criteria evolved by them.
Statement 3 is not correct: AAY families are to be identified by States/UTs as per the criteria prescribed by the Central Government.
Statement 4 is correct: All primitive tribal households are eligible for the scheme.
Incorrect
Option (c) is correct.
Explanation:
The Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a free foodgrain distribution scheme, will be extended for the next five years which was scheduled to end on December 31, 2023.
PM-GKAY is a scheme as part of Atmanirbhar Bharat to supply free food grains to migrants and poor.
Statement 1 is correct: PMGKAY provides 5 kg of foodgrains to each family holding a ration card free of cost and the 5 kg of subsidized foodgrain already offered through the Public Distribution System (PDS).
Statement 2 is correct: Families belonging to Antyodaya Anna Yojana (AAY) and Priority Households (PHH) categories will be eligible for the scheme.
PHH are to be identified by State Governments/Union Territory Administrations as per criteria evolved by them.
Statement 3 is not correct: AAY families are to be identified by States/UTs as per the criteria prescribed by the Central Government.
Statement 4 is correct: All primitive tribal households are eligible for the scheme.
Question 2 of 5
2. Question
2 points
Consider the following statements regarding a depositary receipt (DR):
A depositary receipt (DR) is a negotiable certificate representing shares in a domestic company traded on a local stock exchange.
Depositary receipts allow investors to hold equity shares of foreign companies without the need to trade directly on a foreign market.
American Depository Receipts are shares issued in foreign markets of more than one country.
Which of the statements given above is/arenotcorrect?
Correct
Option (c) is correct.
Explanation:
The government recently permitted certain Indian companies to directly list on select foreign stock exchanges, which will allow these companies to access global capital and boost capital outflows.
Statement 1 is not correct: A depositary receipt (DR) is a negotiable certificate representing shares in a foreign company traded on a local stock exchange.
Statement 2 is correct: Depositary receipts allow investors to hold equity shares of foreign companies without the need to trade directly on a foreign market.
American Depository Receipts (ADR): They are shares issued in the U.S. from a foreign company through a depositary bank intermediary.
Statement 3 is not correct: Global Depository Receipts (GDR) are shares issued in foreign markets of more than one country. For example, an Indian company that issues its shares through a depositary bank intermediary into the London market and the United States market.
Incorrect
Option (c) is correct.
Explanation:
The government recently permitted certain Indian companies to directly list on select foreign stock exchanges, which will allow these companies to access global capital and boost capital outflows.
Statement 1 is not correct: A depositary receipt (DR) is a negotiable certificate representing shares in a foreign company traded on a local stock exchange.
Statement 2 is correct: Depositary receipts allow investors to hold equity shares of foreign companies without the need to trade directly on a foreign market.
American Depository Receipts (ADR): They are shares issued in the U.S. from a foreign company through a depositary bank intermediary.
Statement 3 is not correct: Global Depository Receipts (GDR) are shares issued in foreign markets of more than one country. For example, an Indian company that issues its shares through a depositary bank intermediary into the London market and the United States market.
Question 3 of 5
3. Question
2 points
The term stand-by arrangement (SBA) recently seen in the news is related to which organisation?
Correct
Option (b) is correct
Explanation:
According to the finance ministry, India abstained from Pakistan’s stand-by arrangement (SBA) loan request to the International Monetary Fund (IMF) in its executive board meeting earlier this year.
The IMF does not publicly disclose how each country voted on the SBA approvals.
The SBA arrangement provides short-term financial assistance to countries facing balance of payments problems.
Countries’ economic policies must address the problems that led the country to seek funding.
SBA is provided with conditionality. Disbursements conditional on the observance of quantitative performance criteria.
Incorrect
Option (b) is correct
Explanation:
According to the finance ministry, India abstained from Pakistan’s stand-by arrangement (SBA) loan request to the International Monetary Fund (IMF) in its executive board meeting earlier this year.
The IMF does not publicly disclose how each country voted on the SBA approvals.
The SBA arrangement provides short-term financial assistance to countries facing balance of payments problems.
Countries’ economic policies must address the problems that led the country to seek funding.
SBA is provided with conditionality. Disbursements conditional on the observance of quantitative performance criteria.
Question 4 of 5
4. Question
2 points
Consider the following statements:
Nepal lies on the boundary of the Eurasian and Pacific plates.
Hypocenter is the point at the surface of the Earth above the focus.
The Richter scale measures the intensity, or the effects, of an earthquake on a particular place.
How many statements given above is/are correct?
Correct
Option(d) is correct
Explanation:
An earthquake at 6.4 Richter Scale struck western Nepal and its tremors were felt in several parts of north India.
Statement 1 is not correct: Nepal is on the boundary of two tectonic plates viz. the Indo-Australian and the Eurasian plates, being pushed up against and underneath one another.
Statement 2 is not correct: Focus (Hypocenter) is the point within the Earth where an earthquake rupture starts.
Epicentre is the point at the surface of the Earth above the focus.
Richter Scale was invented in 1935 by Charles F. Richter to rate the magnitude of an earthquake, that is the amount of energy released during an earthquake.
Statement 3 is not correct: While the Mercalli scale measures the intensity, or the effects, of an earthquake on a particular place, the Richter scale describes the earthquake’s magnitude by measuring the seismic waves that cause the earthquake.
The Mercalli scale is linear and the Richter scale is logarithmic. i.e. a magnitude 5 earthquake is ten times as intense as a magnitude 4 earthquake.
Incorrect
Option(d) is correct
Explanation:
An earthquake at 6.4 Richter Scale struck western Nepal and its tremors were felt in several parts of north India.
Statement 1 is not correct: Nepal is on the boundary of two tectonic plates viz. the Indo-Australian and the Eurasian plates, being pushed up against and underneath one another.
Statement 2 is not correct: Focus (Hypocenter) is the point within the Earth where an earthquake rupture starts.
Epicentre is the point at the surface of the Earth above the focus.
Richter Scale was invented in 1935 by Charles F. Richter to rate the magnitude of an earthquake, that is the amount of energy released during an earthquake.
Statement 3 is not correct: While the Mercalli scale measures the intensity, or the effects, of an earthquake on a particular place, the Richter scale describes the earthquake’s magnitude by measuring the seismic waves that cause the earthquake.
The Mercalli scale is linear and the Richter scale is logarithmic. i.e. a magnitude 5 earthquake is ten times as intense as a magnitude 4 earthquake.
Question 5 of 5
5. Question
2 points
Consider the following statements regarding the World Customs Organisation (WCO):
The World Customs Organization is the only international body dealing with the rules of trade between nations.
It is the global trade association for seaports worldwide.
Its main activities include developing standards for customs procedures, capacity building of its members and promoting cooperation between the customs administrations of its members.
How many statements given above is/are correct?
Correct
Option (a) is correct.
Explanation:
The World Customs Organisation (WCO) and the International Association of Ports and Harbors (IAPH) have released their first ever guidelines on cooperation between customs and port authorities.
It will strengthen trade and transport facilitation, compliance and supply chain security.
Statement 1 is not correct: The World Trade Organisation(WTO) is the only international body dealing with the rules of trade between nations.
The World Customs Organization is the only intergovernmental organization exclusively focused on customs matters.
The WCO is an intergovernmental organization of 185 member countries, whose customs administrations process over 98 per cent of international trade.
Statement 3 is correct: Its main activities include developing standards for customs procedures, capacity building of its members and promoting cooperation between the customs administrations of its members.
Statement 2 is not correct: The International Association of Ports and Harbors (IAPH) is the global trade association for seaports worldwide. It is headquartered in Tokyo, Japan.
Formed in 1955, it has now been recognised as the NGO representing ports worldwide.
Incorrect
Option (a) is correct.
Explanation:
The World Customs Organisation (WCO) and the International Association of Ports and Harbors (IAPH) have released their first ever guidelines on cooperation between customs and port authorities.
It will strengthen trade and transport facilitation, compliance and supply chain security.
Statement 1 is not correct: The World Trade Organisation(WTO) is the only international body dealing with the rules of trade between nations.
The World Customs Organization is the only intergovernmental organization exclusively focused on customs matters.
The WCO is an intergovernmental organization of 185 member countries, whose customs administrations process over 98 per cent of international trade.
Statement 3 is correct: Its main activities include developing standards for customs procedures, capacity building of its members and promoting cooperation between the customs administrations of its members.
Statement 2 is not correct: The International Association of Ports and Harbors (IAPH) is the global trade association for seaports worldwide. It is headquartered in Tokyo, Japan.
Formed in 1955, it has now been recognised as the NGO representing ports worldwide.
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
Quick Revise Now ! UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
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