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Your results are here!! for" [Quiz] Daily Prelims Practice Questions (PPQs) – September 29-30 2024 "
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Question 1 of 8
1. Question
Q1. {IR – IMF} Consider the following statements about International Monetary Fund (IMF) Bailout:
It is a form of financial assistance the IMF provides to countries facing severe economic crises.
IMF’s Quantitative Performance Criteria (QPCs) may involve maintaining fiscal balances and limiting new external borrowing.
Which of the statements given above is/are not correct?
Correct
Explanation
Statement 1 is correct
IMF Bailout is a form of financial assistance the IMF provides to countries facing severe economic crises.
These crises can include macroeconomic concerns, currency crises, balance-of-payment problems, or significant declines in economic growth.
The primary goal is to stabilize the economy of the borrowing country and restore its financial health.
Statement 2 is correct
When a country borrows from the IMF, it must agree to certain conditions, known as IMF conditionality:
Policy Adjustments:
Fiscal Revenue Measures: Increasing taxes or improving tax collection.
Spending Cuts: Reducing government expenditures, often including subsidies.
Governance Reforms: Enhancing transparency and reducing corruption.
Quantitative Performance Criteria (QPCs):
Monetary and Credit Aggregates: Controlling inflation and stabilizing the currency.
International Reserves: Building up foreign exchange reserves.
Fiscal Balances: Maintaining a balanced budget or reducing deficits.
External Borrowing: Limiting new external debt.
Structural Benchmarks:
Banking Sector Reforms: Strengthening the financial sector.
Market Reforms: Promoting competition and reducing market distortions.
Public Sector Reforms: Improving efficiency and reducing the size of the public sector.
Answer: (d) Neither 1 nor 2; Difficulty Level: Easy
Incorrect
Explanation
Statement 1 is correct
IMF Bailout is a form of financial assistance the IMF provides to countries facing severe economic crises.
These crises can include macroeconomic concerns, currency crises, balance-of-payment problems, or significant declines in economic growth.
The primary goal is to stabilize the economy of the borrowing country and restore its financial health.
Statement 2 is correct
When a country borrows from the IMF, it must agree to certain conditions, known as IMF conditionality:
Policy Adjustments:
Fiscal Revenue Measures: Increasing taxes or improving tax collection.
Spending Cuts: Reducing government expenditures, often including subsidies.
Governance Reforms: Enhancing transparency and reducing corruption.
Quantitative Performance Criteria (QPCs):
Monetary and Credit Aggregates: Controlling inflation and stabilizing the currency.
International Reserves: Building up foreign exchange reserves.
Fiscal Balances: Maintaining a balanced budget or reducing deficits.
External Borrowing: Limiting new external debt.
Structural Benchmarks:
Banking Sector Reforms: Strengthening the financial sector.
Market Reforms: Promoting competition and reducing market distortions.
Public Sector Reforms: Improving efficiency and reducing the size of the public sector.
Answer: (d) Neither 1 nor 2; Difficulty Level: Easy
Unattempted
Explanation
Statement 1 is correct
IMF Bailout is a form of financial assistance the IMF provides to countries facing severe economic crises.
These crises can include macroeconomic concerns, currency crises, balance-of-payment problems, or significant declines in economic growth.
The primary goal is to stabilize the economy of the borrowing country and restore its financial health.
Statement 2 is correct
When a country borrows from the IMF, it must agree to certain conditions, known as IMF conditionality:
Policy Adjustments:
Fiscal Revenue Measures: Increasing taxes or improving tax collection.
Spending Cuts: Reducing government expenditures, often including subsidies.
Governance Reforms: Enhancing transparency and reducing corruption.
Quantitative Performance Criteria (QPCs):
Monetary and Credit Aggregates: Controlling inflation and stabilizing the currency.
International Reserves: Building up foreign exchange reserves.
Fiscal Balances: Maintaining a balanced budget or reducing deficits.
External Borrowing: Limiting new external debt.
Structural Benchmarks:
Banking Sector Reforms: Strengthening the financial sector.
Market Reforms: Promoting competition and reducing market distortions.
Public Sector Reforms: Improving efficiency and reducing the size of the public sector.
Answer: (d) Neither 1 nor 2; Difficulty Level: Easy
Question 2 of 8
2. Question
Q2. {IR – India – CAR} Which two countries participate in the joint military exercise known as DUSTLIK?
Correct
Explanation
Option (b) is correct
India – Uzbekistan Relations:
Energy Security: India has signed a contract with Uzbekistan for uranium ore concentrates supply.
Security and Defence cooperation: E.g. Joint military exercise “DUSTLIK“.
Economic Relations: India ranks among Uzbekistan’s top 10 trade partners for the year 2023-24.
Answer: (b) India and Uzbekistan; Difficulty Level: Easy
Incorrect
Explanation
Option (b) is correct
India – Uzbekistan Relations:
Energy Security: India has signed a contract with Uzbekistan for uranium ore concentrates supply.
Security and Defence cooperation: E.g. Joint military exercise “DUSTLIK“.
Economic Relations: India ranks among Uzbekistan’s top 10 trade partners for the year 2023-24.
Answer: (b) India and Uzbekistan; Difficulty Level: Easy
Unattempted
Explanation
Option (b) is correct
India – Uzbekistan Relations:
Energy Security: India has signed a contract with Uzbekistan for uranium ore concentrates supply.
Security and Defence cooperation: E.g. Joint military exercise “DUSTLIK“.
Economic Relations: India ranks among Uzbekistan’s top 10 trade partners for the year 2023-24.
Answer: (b) India and Uzbekistan; Difficulty Level: Easy
Question 3 of 8
3. Question
Q3. {IR – India – CAR} With reference to the Bilateral Investment Treaty (BIT), consider the following statements:
A BIT is a reciprocal agreement that protects investments made by individuals and companies of one state in another state.
India’s 2015 Model BIT has served as a basis for renegotiating existing BITs and framing provisions in Free Trade Agreements (FTAs) and Economic Partnership Agreements (EPAs).
National treatment under a BIT means that foreign investors are treated equally to domestic investors.
Protection from expropriation in a BIT limits a country’s ability to nationalize foreign investments.
How many of the statements given above are correct?
Correct
Explanation
Statements 1 and 2 are correct
A Bilateral Investment Treaty (BIT) is a reciprocal agreement between two nations that protects investments made by individuals and companies of one state in the other state.
India introduced a new Model BIT text in 2015, replacing the earlier 1993 version.
The 2015 Model BIT has since served as the basis for renegotiating existing BITs and framing investment-related provisions in Free Trade Agreements (FTAs) and Economic Partnership Agreements (EPAs).
Statements 3 and 4 are correct
Key Features of the BIT:
National Treatment: Ensures foreign investors receive treatment equivalent to domestic investors.
Protection from Expropriation: This law limits a country’s ability to seize or nationalize foreign investments within its territory.
Settlement of Disputes: Must exhaust local legal remedies before pursuing international arbitration.
Answer: (d) All four; Difficulty Level: Medium
Incorrect
Explanation
Statements 1 and 2 are correct
A Bilateral Investment Treaty (BIT) is a reciprocal agreement between two nations that protects investments made by individuals and companies of one state in the other state.
India introduced a new Model BIT text in 2015, replacing the earlier 1993 version.
The 2015 Model BIT has since served as the basis for renegotiating existing BITs and framing investment-related provisions in Free Trade Agreements (FTAs) and Economic Partnership Agreements (EPAs).
Statements 3 and 4 are correct
Key Features of the BIT:
National Treatment: Ensures foreign investors receive treatment equivalent to domestic investors.
Protection from Expropriation: This law limits a country’s ability to seize or nationalize foreign investments within its territory.
Settlement of Disputes: Must exhaust local legal remedies before pursuing international arbitration.
Answer: (d) All four; Difficulty Level: Medium
Unattempted
Explanation
Statements 1 and 2 are correct
A Bilateral Investment Treaty (BIT) is a reciprocal agreement between two nations that protects investments made by individuals and companies of one state in the other state.
India introduced a new Model BIT text in 2015, replacing the earlier 1993 version.
The 2015 Model BIT has since served as the basis for renegotiating existing BITs and framing investment-related provisions in Free Trade Agreements (FTAs) and Economic Partnership Agreements (EPAs).
Statements 3 and 4 are correct
Key Features of the BIT:
National Treatment: Ensures foreign investors receive treatment equivalent to domestic investors.
Protection from Expropriation: This law limits a country’s ability to seize or nationalize foreign investments within its territory.
Settlement of Disputes: Must exhaust local legal remedies before pursuing international arbitration.
Answer: (d) All four; Difficulty Level: Medium
Question 4 of 8
4. Question
Q4. {IR – UN} Which of the following statement is not correct about the GlobE Network:
Correct
Explanation
Option (c) is incorrect
GlobE Network’s secretariat comes under the United Nations Office against Drugs and Crime (UNODC), not the World Bank.
Option (a) is correct
GlobE Network aims to improve international cooperation among law enforcement agencies to address cross-border corruption, share best practices, and facilitate investigations and prosecutions.
Membership: 219 member authorities and 121 member nations.
Option (b) is correct
It was launched during the UN General Assembly Special Session against Corruption (UNGASS) as an initiative supported by the G20.
Option (d) is correct
Central authority in India: Ministry of Home Affairs with CBI and the ED as member authorities.
Answer: (c) The GlobE Network is managed by the World Bank; Difficulty Level: Hard
Incorrect
Explanation
Option (c) is incorrect
GlobE Network’s secretariat comes under the United Nations Office against Drugs and Crime (UNODC), not the World Bank.
Option (a) is correct
GlobE Network aims to improve international cooperation among law enforcement agencies to address cross-border corruption, share best practices, and facilitate investigations and prosecutions.
Membership: 219 member authorities and 121 member nations.
Option (b) is correct
It was launched during the UN General Assembly Special Session against Corruption (UNGASS) as an initiative supported by the G20.
Option (d) is correct
Central authority in India: Ministry of Home Affairs with CBI and the ED as member authorities.
Answer: (c) The GlobE Network is managed by the World Bank; Difficulty Level: Hard
Unattempted
Explanation
Option (c) is incorrect
GlobE Network’s secretariat comes under the United Nations Office against Drugs and Crime (UNODC), not the World Bank.
Option (a) is correct
GlobE Network aims to improve international cooperation among law enforcement agencies to address cross-border corruption, share best practices, and facilitate investigations and prosecutions.
Membership: 219 member authorities and 121 member nations.
Option (b) is correct
It was launched during the UN General Assembly Special Session against Corruption (UNGASS) as an initiative supported by the G20.
Option (d) is correct
Central authority in India: Ministry of Home Affairs with CBI and the ED as member authorities.
Answer: (c) The GlobE Network is managed by the World Bank; Difficulty Level: Hard
Question 5 of 8
5. Question
Q5. {Envi – Species} Consider the following statements regarding the Karvi flower:
The Karvi flower blooms once every eight years.
It exhibits a monocarpic flowering behavior.
Its habitat is restricted to the Western Ghats in Maharashtra and Karnataka only.
Which of the statements given above are correct?
Correct
Explanation
Statements 1 and 2 are correct, and Statement 3 is incorrect
The Bombay Natural History Society (BNHS) and the Botanical Survey of India (BSI) are working towards the conservation of the Karvi flower.
It blooms once every eight years, a phenomenon known as monocarpic flowering, which means that the plant flowers once after several years of growth and then dies.
It blooms once every eight years, a phenomenon known as monocarpic flowering, which means that the plant flowers once after several years of growth and then dies.
It blooms once every eight years, a phenomenon known as monocarpic flowering, which means that the plant flowers once after several years of growth and then dies.
Q6. {Envi – Species} Consider the following statements about a species in India:
It is locally known as khur or Ghudkhur and is listed as Near Threatened by the IUCN.
This species thrives on xerophytic vegetation, which allows it to survive in dry environments.
Known for its exceptional speed, it can run up to 70 km per hour and is approximately the size of a zebra.
The species experienced a near-extinction decline in the 1960s due to diseases such as viral African Horse sickness.
Which of the following is the species being described?
Correct
Option (b) is correct
The description fits the Indian species Indian Wild Ass (Equus hemionus khur).
Locally known as khur or Ghudkhur. Listed as Near Threatened by IUCN.
Survives on xerophytic vegetation (plants adapted to dry environments with minimal water).
Known for its speed (up to 70 km per hour). It is almost the size of a zebra and lives for 21 years.
Stable groups of khur consist of females and their young. Stallions (Male khurs) tend to be loners, especially in the breeding season. Life can be tough for the females, as gestation periods are long, 11 to 12 months, and concurrent lactation and pregnancy are sometimes seen.
They faced a near-extinction decline in the 1960s due to diseases, including viral African Horse sickness and Surra (caused by the protozoan parasite Trypanosoma evansi and spread by biting insects).
Threats: Habitat loss from illegal salt panning, invasive plant species, and livestock overgrazing.
Answer: (b) Indian Wild Ass; Difficulty Level: Easy
Incorrect
Option (b) is correct
The description fits the Indian species Indian Wild Ass (Equus hemionus khur).
Locally known as khur or Ghudkhur. Listed as Near Threatened by IUCN.
Survives on xerophytic vegetation (plants adapted to dry environments with minimal water).
Known for its speed (up to 70 km per hour). It is almost the size of a zebra and lives for 21 years.
Stable groups of khur consist of females and their young. Stallions (Male khurs) tend to be loners, especially in the breeding season. Life can be tough for the females, as gestation periods are long, 11 to 12 months, and concurrent lactation and pregnancy are sometimes seen.
They faced a near-extinction decline in the 1960s due to diseases, including viral African Horse sickness and Surra (caused by the protozoan parasite Trypanosoma evansi and spread by biting insects).
Threats: Habitat loss from illegal salt panning, invasive plant species, and livestock overgrazing.
Answer: (b) Indian Wild Ass; Difficulty Level: Easy
Unattempted
Option (b) is correct
The description fits the Indian species Indian Wild Ass (Equus hemionus khur).
Locally known as khur or Ghudkhur. Listed as Near Threatened by IUCN.
Survives on xerophytic vegetation (plants adapted to dry environments with minimal water).
Known for its speed (up to 70 km per hour). It is almost the size of a zebra and lives for 21 years.
Stable groups of khur consist of females and their young. Stallions (Male khurs) tend to be loners, especially in the breeding season. Life can be tough for the females, as gestation periods are long, 11 to 12 months, and concurrent lactation and pregnancy are sometimes seen.
They faced a near-extinction decline in the 1960s due to diseases, including viral African Horse sickness and Surra (caused by the protozoan parasite Trypanosoma evansi and spread by biting insects).
Threats: Habitat loss from illegal salt panning, invasive plant species, and livestock overgrazing.
Answer: (b) Indian Wild Ass; Difficulty Level: Easy
Question 7 of 8
7. Question
Q7. {Envi – Species} Consider the following pairs:
Elephant Reserve
State
Mayurjharna Elephant Reserve
Odisha
Baitami Elephant Reserve
West Bengal
Intanki Elephant Reserve
Meghalaya
How many of the pairs are not correct?
Correct
Explanation
All pairs are incorrect
Elephant Reserve
State
Mayurjharna Elephant Reserve
West Bengal
Baitami Elephant Reserve
Odisha
Intanki Elephant Reserve
Nagaland
Answer: (c) All three; Difficulty Level: Medium
Incorrect
Explanation
All pairs are incorrect
Elephant Reserve
State
Mayurjharna Elephant Reserve
West Bengal
Baitami Elephant Reserve
Odisha
Intanki Elephant Reserve
Nagaland
Answer: (c) All three; Difficulty Level: Medium
Unattempted
Explanation
All pairs are incorrect
Elephant Reserve
State
Mayurjharna Elephant Reserve
West Bengal
Baitami Elephant Reserve
Odisha
Intanki Elephant Reserve
Nagaland
Answer: (c) All three; Difficulty Level: Medium
Question 8 of 8
8. Question
Q8. {Agri – Food Security} Which of the following best describes the function of silo structures?
Correct
Explanation
Option (b) is correct
Silo structures employ a scientificapproach to grain storage, maintaining dryness and ventilation to prevent fungal and insect infestations.
Benefits of Silo Projects:
Enhanced Capacity: Each silo can store up to 50,000 MT of grains, increasing overall storage capabilities.
Preservation: Modern technology ensures betterqualitycontrol and preservation of stored grains, reducing spoilage and losses.
Efficient Handling and Bulk Storage: Automated systems facilitate quickloading and unloading processes, improving operational efficiency.
Integrated Transportation: Facilities are designed with rail and road connections for seamless transportation of grains.
Lower Costs: Mechanized handling reduces labor costs and minimizes losses due to theft or spoilage.
Answer: (b) A scientific approach to maintaining dryness and ventilation to prevent fungal and insect infestations; Difficulty Level: Medium
Incorrect
Explanation
Option (b) is correct
Silo structures employ a scientificapproach to grain storage, maintaining dryness and ventilation to prevent fungal and insect infestations.
Benefits of Silo Projects:
Enhanced Capacity: Each silo can store up to 50,000 MT of grains, increasing overall storage capabilities.
Preservation: Modern technology ensures betterqualitycontrol and preservation of stored grains, reducing spoilage and losses.
Efficient Handling and Bulk Storage: Automated systems facilitate quickloading and unloading processes, improving operational efficiency.
Integrated Transportation: Facilities are designed with rail and road connections for seamless transportation of grains.
Lower Costs: Mechanized handling reduces labor costs and minimizes losses due to theft or spoilage.
Answer: (b) A scientific approach to maintaining dryness and ventilation to prevent fungal and insect infestations; Difficulty Level: Medium
Unattempted
Explanation
Option (b) is correct
Silo structures employ a scientificapproach to grain storage, maintaining dryness and ventilation to prevent fungal and insect infestations.
Benefits of Silo Projects:
Enhanced Capacity: Each silo can store up to 50,000 MT of grains, increasing overall storage capabilities.
Preservation: Modern technology ensures betterqualitycontrol and preservation of stored grains, reducing spoilage and losses.
Efficient Handling and Bulk Storage: Automated systems facilitate quickloading and unloading processes, improving operational efficiency.
Integrated Transportation: Facilities are designed with rail and road connections for seamless transportation of grains.
Lower Costs: Mechanized handling reduces labor costs and minimizes losses due to theft or spoilage.
Answer: (b) A scientific approach to maintaining dryness and ventilation to prevent fungal and insect infestations; Difficulty Level: Medium
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