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- PRELIMS 2021 QUESTION PAPER – A SERIES1. Considerthefollowing statements:1. TheGovernorof theReserve Bankof India(RBI)isappointedbytheCentral Government.2.Certain provisionsinthe Constitutionof India givethe Central Governmentthe righttoissuedirectionsto the RBI inpublic interest.3. TheGovernorof the RBIdraws his powerfrom the RBIAct.Whichof theabove statements are correct?(a)1 and 2only(b) 2 and 3only(c)1 and 3only(d) 1, 2 and32. With reference to casual workers employed in India, consider thefollowing statements:1. All casual workersare entitled for Employees Provident Fund coverage.2. All casual workers are entitled for regular working hours and overtimepayment3. The government can by a notification specify that an establishment orindustry shall pay wages only through its bank accountWhich of the above statements are correct?(a)1 and 2 only(b)2 and 3 only(c)1 and 3 only(d)1,2 and 33. Which among the following steps is mostly likely to be taken at the timeof an economic recession?(a) cut in tax rates accompanied by increase in interest rate(b) Increase in expenditure on public projects(c) Increase in tax rates accompanied by reduction of interest rate(d) Reduction of expenditure on public projects
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- 4. Consider the following statements:Other things remaining unchanged, market demand for a good might increaseif1.Price of its substitute increases2.Price of its complement increases3.The good is an inferior good and income of the onsumers increases4.Its price fallsWhich of the above statements are correct?(a)1 and 4 only(b)2,3 and 4(c)1,3 and 4(d)1,2 and 35.With reference to ‘Urban Cooperative Banks’ in India , consider thefollowing statements1.They are supervised and regulated by local boards set up the stateGovernments2.They can issue equity shares and Preference shares.3.They were brought under the purview of the Banking Regulation ACT, 1949through an Amendmnet in 1966.Which of the statements given above is/are correct?(a)1 only(b)2 and only(c)1 and 3 only(d)1,2 and 36.Indian Government Bond Yields are influenced by Which of the following?1.Actions of the United States Federal Reserve2.Actions of the Reserve Bank of India3.Inflation and short – term interest ratesSelect the correct answer using the code given below.
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- (a)1 and 2 only(b)2 only(c)3 only(d)1,2 and 37.Consider the following:1.Foreign Currency convertible bonds2.Foreign institutional investment3.Global depository receipts4.Non- resident external depositsWhich of the above can be included in Foreign Direct Investments?(a)1, 2 and 3(b)3 only(c)2 and 4 only(d)1 and 48.Consider the following statements:The effects of devaluation of a currency is that it necessarily1.Improves the competitiveness of the domestics exports in the foreign markets2.Increases the foreign value of domestic currency3.improves the trade balanceWhich of the above statements is /are correct?(a) 1 only(b) 1 and 2(c) 3 only(d) 2 and 39.Which one of the following effects of creation of black money in India hasbeen the main cause of worry to the Government of India?(a)Diversion of resources to the purchase of real estate and investment in luxuryhousing
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- (b)Investment in unproductive activities and purchase of precious stones,jewellery, gold, etc.(c)Large donations to political parties and growth of regionalism(d)Loss of revenue to the state Exchequer due to tax evasion10.Which one of the following is likely to be the most inflationary in its effects?(a)Repayment of public debt(b)Borrowing from the public to finance a budget deficit(c)Borrowing from the banks to finance a budget deficit(d)Creation of new money to finance a budget deficit11.The money multiplier in an economy increases with which one of thefollowing?(a)Increase in Cash Reserve Ratio in the banks(b)Increase in the Statutory Liquidity Ratio in the banks(c)Increase in the banking habit of the people(d)Increase in the population of the country12.With reference to Indian economy, demand – pull inflation can be caused/increased by which of the following?1.Expansionary policies2.Fiscal stimulus3.Inflation – indexing wages4.Higher purchasing power5.Rising interest ratesSelect the correct answer using the code given below(a)1, 2 and 4 only(b)3,4 and 5 only(c)1,2,3 and 5 only(d)1,2,3,4 and 5
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- 13.With reference to India, consider the following Statements;1.Retail investors through demand account can invest in ‘Treasury Bills’ andGovernment of India Debat Bonds’ in primary market2.The ‘Negotiated Dealing System- Order Matching’ is a government securitiestrading platform of the Reserve Bank of India.3.The ‘Central Depository Services Ltd.’ Is jointly promoted by the Reserve Bankof India and the Bombay Stock Exchange.Which of the statements given above is/are correct?(a)1 only(b)1 and 2(c)3 only(d)2 and 314.With reference to ‘WaterCredit’, consider the following statements:1.It puts microfinance tools to work in the water and sanitation sector.2.It is a global initative launched under the agies of the World HealthOrganization and the World Bank.3.It aims to enable the poor people to meet their water needs without dependingon subsidies.Which of the statements given above are correct?(a)1 and 2 only(b)2 and 3 only(c)1 and 3 only(d)1,2 and 315.In India, the central bank’s function as the ‘lender of last resort’ usually refersto which of the following?1.Lending to trade and industry bodies when they fail to borrow from othersources2.Providing liquidity to the banks having a temporary crisis3.Lending to governments to finance budgetary deficits
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- Select the correct answer using the code given below.(a)1 and 2(b)2 only(c)2 and 3(d)3 only16.R2 Code of Practices’ constitutes a tool available for promoting the adoption of(a)Environmentally responsible practices in electronics recycling industry(b)Ecological management of ‘Wetlands of International Importance’ underthe Ramsar Convention(c)Sustainable practices in the cultivation of agricultural crops in degradedlands(d)‘Environment Impact Assessment’ in the exploration of naturalresources17.Why is there a concern about copper smelting plants?1.They may release lethal quantities of carbon monoxide into environment.2.The copper slag can cause the leaching of some heavy metals into environment.3.They may release sulphur dioxide as a pollutant.Select the correct answer using the code given below(a)1 and 2 only(b)2 and 3 only(c)1 and 3 only(d)1,2 and 318.With reference to furnace oil, consider the following statements:1.It is a product of oil refineries2.Some industries use it to generate power.3.Its use causes sulphur emissions into environmentWhich of the statements given above are correct?(a)1 and 2 only(b)2 and 3 only
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- (c)1 and 3 only(d)1,2 and 319.What is blue carbon?(a)Carbon captured by oceans and coastal ecosystems(b)Carbon sequestered in forest biomass and agriculture soils(c)Carbon contained in petroleum and natural gas(d)Carbon present in atmosphere20.In the nature , which of the following is/are most likely to be found survivingon a surface without soil?1.Fern2.Lichen3.Moss4.MushroomSelect the correct answer using the code given below(a)1 and 4 only(b)2 only(c)2 and 3(d)1,3 and 421.Which one of the following is used in preparing a natural mosquito repellent?(a)Congress grass(b)Elephant grass(c)Lemongress(d)Nut grass22.Consider the following kinds of organisms:1.Copepodes2.Cyanobacteria3.Diatoms4.ForaminiferaWhich of the above are primary producers in the food chains of oceans?
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- (a)1 and 2(b)2 and 3(c)3 and 4(d)1 and 423.Consider the following animals:1.Hedgehog2.Marmot3.PangolinTo reduce the chance of being captured by predators, which of the aboveorganisms rolls up/roll up and protects/protects its/ their vulnerable parts?(a)1 and 2(b)2 only(c)3 only(d)1 and 324.With reference to the ‘New York Declaration on Forests’, Which of thefollowing statements are correct?1.It was first endorsed at the United Nations Climate Summit in 2014.2.It endorses a global timeline to end the loss of forests.3.It is a legally binding international declaration.4.It is endored by governments, big companies and indigenous communities5.India was one of the signatories at its inceptionSelect the correct answer using the code given below(a)1,2 and 4(b)1,3 and 5(c)3 and 4(d)2 and 525.Magnetite particles, suspected to cause neurodegenerative problems, aregenerated as environmental pollutants from which of the following ?
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- 1.Brakes of motors vehicles2.Engines of motor vehicles3.Microwave stoves within homes4.Power plants5.Telephone linesSelect the correct answer using the code given below(a)1,2,3 and 5 only(b)1,2 and 4 only(c)3,4 and 5 only(d)1,2,3,4 and 526. Which one of the following is a filter feeder?(a) Catfish(b) Octopus(c) Oyster(d) Pelican27. In case of which one of the following biogeochemical cycles, the weathering of rocksis the main source of release of nutrient to enter the cycle?(a) Carbon cycle(b) Nitrogen cycle(c) Phosphorus cycle(d) Sulphur cycle28. Which of the following are detritivores?1. Earthworms2. Jellyfish3. Millipedes4. Seahorses5. WoodliceSelect the correct answer using the code given below.(a) 1, 2 and 4 only(b) 2, 3, 4 and 5 only
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- (c) 1, 3 and 5 only(d) 1, 2, 3, 4 and 529. The ‘Common Carbon Metric’, supported by UNEP, has been developed for(a) assessing the carbon footprint of building operations around the world(b) enabling commercial farming entities around the world to enter carbon emissiontrading(c) enabling governments to assess the overall carbon footprint caused by their countries(d) assessing the overall carbon footprint caused by the use of fossil fuels by the world ina unit time.30. Which of the following have species that can establish symbiotic relationship withother organisms?1. Cnidarians2. Fungi3. ProtozoaSelect the correct answer using the code given below.(a) 1 and 2 only(b) 2 and 3 only(c) 1 and 3 only(d) 1, 2 and 331. With reference to Chausath Yogini Temple situated near Morena, consider thefollowing statements:1. It is a circular temple built during the region of Kachchhapaghata Dynasty.2. It is the only circular temple built in India.3. It was meant to promote the Vaishnava cult in the region.4. Its design has given rise to a popular belief that it was the inspiration behind the IndianParliament building.Which one of the statements given above are correct?(a) 1 and 2(b) 2 and 3 only(c) 1 and 4(d) 2, 3 and 4
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