Economy (Part-3) (CDS-Solved Paper)

Total Questions: 50

21. Which of the following is not a part of contemporary Indian foreign policy in relationships with its neighbours? [Morning Shift-2015 (I)]

Correct Answer: (c) Non-alignment
Solution:

After economic liberalisation of 1990s. India’s foreign policy stance change from Idealism to Realism. Now India’s foreign policy strategy is shifted to multi-alignment from non-alignment for strategic and enlighted self-interest. Hence, option (c) is incorrect.

22. Consider the following statements: [Morning Shift-2015 (I)]

1. The Nirmal Bharat Abhiyan is restructured into the Swachh Bharat Mission.
2. The Swachh Bharat Mission has two sub-missions — Union Territories and States. Which of the statement(s) given above is/are correct?

Correct Answer: (a) Only 1
Solution:

Nirmal Bharat Mission (NBA) is restructured into the Swachh Bharat Mission with two sub-missions - Swachh Bharat Mission (Gramin) and Swachh Bharat Mission (Urban).

Budgetary provisions for the two sub-missions are provided separately in the demand for Grant of the Ministries of Drinking Water and Sanitation (for Gramin) and Ministry of Urban Development (for Urban). Hence option (a) is correct.

23. Which of the following is/are the objective(s) of National AYUSH Mission, approved by the Union Cabinet recently? [Morning Shift-2015 (I)]

1. Improvement of AYUSH educations through enhancement in the number of upgraded educational institutions.
2. Better access to AYUSH services through increase in the AYUSH hospitals and dispensaries, availability of drugs and manpower.
3. Providing sustained availability of quality raw material for AYUSH systems of medicine.
Select the correct answer using the codes given below

Correct Answer: (d) All of these
Solution:

The Union Cabinet, in September 2014, gave its nod for launching the National AYUSH Mission (NAM) with ‘core and flexible components’.

The Mission will help in the improvement of AYUSH education through enhancement in the number of upgraded educational institutions. Better access to AYUSH services through increase in number of AYUSH hospitals and dispensaries.

Availability of drugs and manpower;providing sustained availability of quality raw material for AYUSH systems of medicine; and improving availability of quality Ayurvedic, Siddha, Unani and Homeopathy drugs through increase in the number of pharmacies, drug laboratories and improved enforcement mechanism.’’
Hence all the statements are correct.

24. In recent plans, certain words/phrases were used in the title of the plan along with ‘growth’. They are [Morning Shift-2015 (I)]

1. inclusive
2. faster
3. more inclusive
4. sustainable
5. more sustainable
Which combination is true of the 12th Five Year Plan (2012-17)?

Correct Answer: (c) 2, 3 and 4
Solution:

The title of the 12th Five Year Plan (2012-2017) was faster, more inclusive and sustainable growth. The 12th Five Year Plan was proposed 25 core monitorable targets to reflect the vision of rapid, sustainable and more inclusive growth.

Some important targets were
● Real GDP growth rate of 8.0%,
● Agriculture growth rate of 4.0%
● Head count ratio of consumption poverty to be reduced by 10% points.
● Reduce total fertility rate to 2.1% in 2017.

25. Demand for a commodity refers to [Morning Shift-2015 (I)]

Correct Answer: (d) quantity demanded at certain price during any particular period of time
Solution:

Demand for a commodity refers to an economic principle that describes a consumer’s desire and willingness to pay a price for a specific goods and services.

Holding all other factors constant, the price of a goods and services increases as its demand increases and vice-versa.

26. An exceptional demand curve is one that slopes [Morning Shift-2015 (I)]

Correct Answer: (b) upward to the right
Solution:

There are certain exceptional cases when the demand curve instead of sloping downward rises upwards. A demand curve rising upward shows that people buy more when the price increase i.e. more in demanded at a higher price than at a lower price.

27. Which of the following is not a central tenet of Socialism? [Morning Shift-2015 (I)]

Correct Answer: (d) Individual Freedom
Solution:

In Marxist theory, socialism, also called lower-stage communism or the socialist mode of production, refers to specific historical phase of economic development and its corresponding set of social relations that supersede capitalism in the scheme of historical materialism.

Socialism is defined as a mode of production where the sole criterion for production is use-value and therefore the law of value no longer directs economic activity. Dialectical materialism and Alienation and class struggle are also central tenets of socialism.
Hence, option (a) is not a central tenat of socialism.

28. Which of the following is not true for South Asian Free Trade Area (SAFTA)? [Morning Shift-2015 (I)]

Correct Answer: (d) The SAFTA agreement takes precedence over any other agreement a member country may have with States outside SAFTA
Solution:

SAFTA is an agreement reached on 6th January, 2004 at the 12th SAARC summit in Islamabad, Pakistan.

It came into force on 1st January, 2016. It came into effort for a common market and custom Union creation in South Asia, by promoting and sustaining mutual trade and economic cooperation by exchange of concessions.

Since each person receines its share inder socialism where mean of production al coned by society as a whole, individual freedom does not form the central tent of socialism. Hence opton (d) is answer.

29. The 3rd Meeting of the SAARC Culture Ministers, convened in New Delhi on 25th September, 2014, unanimously resolved [Morning Shift-2015 (I)]

1. to declare 2015-16 as the SAARC Year of Cultural Heritage.
2. that Bamiyan will be the SAARC cultural capital for 2015-16.
3. to promote SAARC culture online by launching a dedicated SAARC website on culture, with emphasis on digitisation of rare manuscripts, rare books and other articles of intangible cultural value.
Select the correct answer using the codes given below:

Correct Answer: (c) 2 and 3
Solution:

The third meeting of Culture Ministers from the SAARC countries was held in New Delhi on September 25th, 2014. They adopted the Delhi Resolution as a roadmap for cultural relations in the SAARC region for the period 2014-17. The SAARC Culture Ministers unanimously resolved the following:
● To declare 2016-17 as the SAARC Year of Cultural Heritage. Hence statement 1 is incorrect.
● For 2015-16, Bamiyan to be the SAARC cultural capital.
● To promote SAARC culture online by launching a dedicated SAARC website on culture, with emphasis on digitisation of rare manuscripts, rare books and other articles of intangible cultural value.
Hence statements 2 and 3 are correct.

30. Inclusion strategy does not focus on [Morning Shift-2015 (I)]

Correct Answer: (d) getting poorer countries closer
Solution:

Inclusion refers to achievement of an environment in which all individuals are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to the organisation's success, Inclusion strategy does not focus on getting poorer countries closer.

However, reduction of inequality, reduction of barrier, diversifying livelihood for tribal population are some of the tenet of inclusion strategy on which it focuses on.