Economy (Part-2) (CDS-Solved Paper)

Total Questions: 50

31. Human Development Report for each year at global level is published by [Morning Shift-2016 (I)]

Correct Answer: (c) UNDP
Solution:

Human Development Report (HDR) is an annual report published by United Nations Development Programme (UNDP).

The report was first launched in 1990 by the Pakistani economist Mahbub-ul-Haq and Indian Nobel Laureate Amartya Sen.

32. Which one of the following is not a monitorable target of the Beti Bachao Beti Padhao Abhiyan? [Morning Shift-2016 (I)]

Correct Answer: (b) 100% girls’ enrolment in secondary education by the year 2020
Solution:

Beti Bachao Beti Padhao is a Government of India scheme that aims to generate awareness and improving the efficiency of welfare scheme meant for women.

The scheme was introduced in October, 2014 to address the issue or declining child sex ratio. This is a joint initiative of Ministry of Women and Child Development, Ministry of Health and Family Welfare and Ministry of Human Resource and Development.
Hence, option (b) is not a monitarable target of the Beti Bacho beti padhao Abhiyan.

● Monitorable targets of Beti Bachao Beti Padhao Abhiyaan are as follows:
● Improve the Sex Ratio at Birth (SRB)in selected gender critical districts by 2 points in a year. ii
● Reduce Gender differentials in Under Five Child Mortality Rate from 7 points in 2014(latest available SRS report) to 1.5 points per year.
● At least 1.5 % increase per year of Institutional Deliveries.
● At least 1% increase per year of 1st Trimester ANC Registration. (v) Increase enrolment of girls in secondary education to 82% by 2018-19.
● Provide functional toilet for girls in every school in selected districts.
● Improve the nutrition status of girls - by reducing number of underweight and anemic girls under 5 years of age.
● Ensure universalization of ICDS,girls’ attendance and equal care monitored, using joint ICDS NHM Mother Child Protection Cards.
● Promote a protective environment for Girl Children through implementation of Protection of Children from Sexual Offences (POCSO)Act 2012.
● Train Elected Representatives/ Grassroot functionaries as Community Champions to mobilise communities to improve CSR and promote Girl's education.

33. The National Policy for Children 2013 recognises every person as a child below the age of [Morning Shift-2016 (I)]

Correct Answer: (d) 18 years
Solution:

The National Policy for Children recognises every person below the age of 18 years as a child and covers all such children within the territory and jurisdiction of the country.

The policy has identified 4 key sectors i.e. survival, health and nutrition, education and employment and protection and participation for focused attention.

34. Which of the following is not an objective of the Rashtriya Uchchatar Shiksha Abhiyan (RUSA)? [Morning Shift-2016 (I)]

Correct Answer: (a) Improve the overall quality of private educational institutions
Solution:

Rashtriya Uchchatar Shiksha Abhiyan (RUSA) is a Centrally Sponsored Scheme (CSS) which was launched in 2013.

RUSA does not seek to improve the quality of private educational institutions. Its aim is to provide strategic funding to eligible state higher educational institutions.
Hence, option (a) is incorrect.

35. Which of the following is/are example(s) of ‘Near Money’? [Morning Shift-2016 (I)]

1. Treasury Bill
2. Credit Card
3. Savings accounts and small time deposits.
4. Retail money market mutual funds.
Select the correct answer using the codes given below:

Correct Answer: (d) 1, 3 and 4
Solution:

‘Near Money’ term is used in Economics to describe highly liquid assets that can easily be converted into cash.

Tresury Bill, saving accounts and small time deposits and Rental money market mutual funds are the ecamples of Near Money. Hence, option (d) is correct.

36. Which one of the following terms is used in Economics to denote a technique for avoiding a risk by making a counteracting transaction? [Morning Shift-2016 (I)]

Correct Answer: (b) Hedging
Solution:

Hedging means reducing or controlling risk. This is done of the taking a position in future market, with the objective of reducing or limiting risks, associated with price challenge.

Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter’s domestic market.

Discounting is the process of determining the present value of a payment or a stream of payments that is to be received in the future.

Deflating in economics refer to a general reduction of price levels in an economy. Deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0%.

37. Which of the following statements are correct? [Morning Shift-2016 (I)]

1. Ability to pay principle of taxation holds that the amount of taxes people pay should relate to their income or wealth.
2. The Benefit Principle of taxation states that individuals should be taxed in proportion to the benefit they receive from government programmes.
3. A progressive tax takes a larger share of tax from poor families than it does from rich families.
4. Indirect taxes have the advantage of being cheaper and easier to collect. Select the correct answer using the codes given below

Correct Answer: (c) 1, 2 and 4
Solution:

The ability to pay principle states that the amount of tax an individual pays should be dependent on the level of burden the tax will create relative to the wealth of the individual.

The Benefit principle recognises that the purpose of taxation is to pay for government services. If taxes are imposed according to the benefit principle, people pay taxes in proportion to the benefits they receive from government spending.

Indirect taxes are tax levied on goods and services rather than on income or profits. The advantages of indirect taxes are that they are cheaper and easier to collect.

Hence, statement 1, 2 and 4 are correct. A progressive tax imposes a higher rate on the wealthy than on the poor. It’s based on the taxpayer’s ability to pay. Hence, statement 3 is incorrect.

38. Which of the following statement(s) is/are false? [Morning Shift-2016 (I)]

1. Wage Boards are tripartite in nature, with representatives from workers, employers and independent members.

2. Except for the Wage Boards for Journalists and Non-Journalists, all the other wage boards are statutory in nature.

3. Second National Commission on Labour has recommended against the utility of wage boards.
Select the correct answer using the codes given below

 

Correct Answer: (b) Only 2
Solution:

Wage Boards are established by law to investigate wage rate. Government has discretion to decide its members. Except for wage boards for journalist and non-journalists newspaper and news agency employees other wage boards are non-statutory in nature.
Hence, options (b) is correct.

39. Norman Borlaug won Nobel Peace Prize for his contributions in [Morning Shift-2016 (I)]

1. development of high-yielding crops
2. modernisation of irrigation infrastructure
3. introduction of synthetic fertilizers and pesticides
Select the correct answer using the codes given below

Correct Answer: (a) Only 1
Solution:

Norman E Borlaug won Nobel Peace Prize for his efforts to increase foodgrain production by developing high dwarf wheat variety. This had led to Green Revolution and he is regarded as ‘Father of Green Revolution’.

40. Which one of the following island nations went for Parliamentary elections in the month of August, 2015? [Morning Shift-2016 (I)]

Correct Answer: (c) Sri Lanka
Solution:

The 2015 Sri Lankan Parliamentary election-UNP leader Ranil Wickremesinghe became the Prime Minister. Except Fiji, others are Indian Ocean island nation. Fiji is in Eastern Pacific.