CIVIL SERVICES PRELIMS, 2024
Model Questions (for GS Paper )
Set No. 37
{Prepared on 31 .5.2024 }
Also useful for
TGPSC GROUP I Prelims 2024
For
Study purpose
Prepared by :Praturi
Potayya Sarma,MA(OU),LLB(OU),PGDIRPM
1)Consider the following
pairs :
Harappan Site : Location
1.Harappa Situated
on river Ravi in Montegomery district of Punjab (Pakistan)
2.Kalibangan Rajasthan
3.Mohenjodaro Sind-Pakistan.
Situated in Larkana district of Sind
(Pakistan)
Which of the pairs given
above is/are correct matched ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
2)Consider the following
pairs : (located in Gujarat)
Harappan Site : Excavated / Discovered by
1.Rangapur Excavated
by Vats and S.R.Rao
2.Surkotada Excavated
by Jagapathi Joshi
3.Lothal Gujarat
. Discovered by S.R.Rao
Which of the pairs given
above is/are correct matched ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2, 3
Ans: d
3)Consider the following
pairs :
Harappan Site : Excavated / Discovered/Studied by
1.Banwali Rajasthan
. Excavated by R.S.Bist
2.Rupar Punjab
. Studied by Y.D.Sharma
3.Alamgirpur Western
UP.Studied by Y.D.Sharma
Which of the pairs given
above is/are correct matched ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
4) Foreign reserves stood at US$
461.2 bn as on 10th January, 2020. India’s top five trading
partners continue to be?
1) USA, China,
2) UAE, Saudi Arabia
3) Hong Kong
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
5) The term ‘Thalinomics’
is in news. The Economics of a Plate of Food in India is
called ‘Thalinomics’ . Consider the
following relating to ‘Thalinomics’:
1) It is an attempt to quantify what a common person pays
for a Thali across India.
2) Absolute prices of a
vegetarian Thali have decreased significantly since 2015-16 across India and
the four regions; though the price has increased during 2019-20.
3) Average household that
consumes two non-vegetarian Thalis gained close to Rs. 12, 000 on average per
year during the same period.
Which of the
above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 1,2 and 3
(d) 2 and 3 only
Ans: c
6) Economic Survey (2019-2020)investigated
on which key drivers of Rollover Risk of the shadow banking system in India in
light of the current liquidity crunch in the sector ?
1) Asset Liability
Management (ALM) Risk.
2) Interconnectedness
Risk.
3) Financial and Operating
Resilience of an NBFC.
4) Over-dependence on
short-term wholesale funding.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2, 3 ,4
Ans: d
7) What are the solutions
to make Public Sector Banks (PSBs) more efficient ?
1) Employee Stock Ownership
Plan (ESOP) for PSBs’ employees
2) Representation on
boards proportionate to the blocks held by employees to incentivize employees
and align their interests with that of all shareholders of banks.
3) Creation of a GSTN type
entity that will aggregate data from all PSBs and use technologies like big
data, artificial intelligence and machine learning in credit decisions for
ensuring better screening and monitoring of borrowers, especially the large
ones.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
8) Economic Survey
(2019-2020) observes 2019 as the golden jubilee year of bank nationalization.
Consider the following :
1) Since 1969, India’s
Banking sector has not developed proportionately to the growth in the size of
the economy.
2) India has only one bank
in the global top 100 – same as countries that are a fraction of its size:
Finland (about 1/11th), Denmark (1/8th), etc.
3) A large economy needs
an efficient banking sector to support its growth.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
9) There is a jump of 79 positions to 63 in 2019 from 142 in 2014 in World Bank’s
Doing Business rankings for India.
India still trails on which
parameters ?
a) Ease of Starting
Business,
b) Registering Property,
c) Paying Taxes and
d) Enforcing Contracts
Which of the above is/are correct ?
(a)1 only
(b)1,2 , 3, 4
( c ) 2 and 3 only
(d) 1 and 2 only1
Ans: b
10) By integrating
“Assemble in India for the world” into Make in India, India can achieve which
of the following ?
1) Raise its export market
share to about 3.5 % by 2025 and 6 % by 2030.
2) Create 4 crore
well-paid jobs by 2025 and 8 crore by 2030.
Which of the above is/are correct ?
(a)1 only
(b) 2 only
( c ) Both 1 and 2
(d) Neither 1 nor 2
Ans : c
11) As per the analysis,
debt waivers given by States/Centre results in the following :
1)Full waiver
beneficiaries consume less, save less, invest less and are less productive
after the waiver, compared to the partial beneficiaries.
2) Debt waivers disrupt
the credit culture
3) They reduce formal
credit flow to the very same farmers, thereby defeating the purpose
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
12) India ranks third in
number of new firms created, as per the World Bank.
Consider the following :
1) About 1.24 lakh new
firms created in 2018, an increase of about 80 % from about 70,000 in 2014.
2) New firm creation in
services is significantly higher than that in manufacturing, infrastructure or
agriculture.
3) Birth of new firms in
India is heterogeneous and dispersed across districts and sectors.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 1,2 and 3
(d) 2 and 3 only
Ans:c
13) Which Indian book
postulates the role of prices in an economy (Spengler, 1971) ?
a) Kautilya’s Arthashastra
b) Abbhijnana Sakuntalam
c) Harsha Charitra
d) Rajatarangini
Ans: a
14) Prominent themes of the Union Budget 2020-2021
:
Consider the following :
1)Aspirational
India - better standards of living with access to health, education and
better jobs for all sections of the society
2)Economic
Development for all - “Sabka Saath , Sabka Vikas , Sabka Vishwas”.
3)Caring Society - both humane and
compassionate; Antyodaya as an article of faith
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
14) India’s aspiration of
becoming a $5 trillion economy depends critically on some of the following :
1) Promoting ‘pro-business’
policy that unleashes the power of competitive markets to generate wealth
2) Weaning away from
‘pro-crony’ policy that may favour specific private interests, especially
powerful incumbents.
3) Pro-crony policies such
as discretionary allocation of natural resources till 2011 led to rent-seeking
by beneficiaries while competitive allocation of the same post 2014 ended such
rent extraction.
4) Similarly crony lending
that led to wilful default, wherein promoters collectively siphoned off wealth
from banks, led to losses that dwarf subsidies for rural development.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c )1,2,3,4
(d) 1,2 and 3
Ans: c
15) What are the three components of
Aspirational India ?
a) Agriculture, Irrigation, and Rural Development
b) Wellness, Water, and Sanitation
c) Education and Skills
d) All the above
Ans: d
16) Which ministry will
launch Krishi Udaan ?
a) Ministry of Civil Aviation
b) Ministry of Home
Affairs
c) Ministry of External
Affairs
d) Ministry of Defence
Ans:a
17) One-Product One-District for better marketing and export
in which sector ?
a) CPSEs
b) PSBs
c) Horticulture Sector
d) Insurance
Ans: c
18) Zero-Budget Natural Farming (mentioned in _______) to be included.(as per Union Budget 2020-2021)
a) July 2019 Budget
b) 1977
c) 1987
d) 1991
Ans: a
19) Dhaanya Lakshmi will be started to
regain whose position ?
a) Children
b) Women, SHGs
c) NRIs
d) FPIs
Ans: b
19) Consider the following :
1)Deposit
Insurance and Credit Guarantee Corporation (DICGC) permitted to increase
Deposit Insurance Coverage to Rs. 5 lakh from Rs.1 lakh per depositor.
2) International Bullion exchange(s)
will be set up in GIFT City, Gujarat as an additional option for trade by global market
participants with the approval of regulator ? (as per union budget 2020-2021)
3) Dividend Distribution Tax (DDT) is
removed to make India a more attractive investment destination.
Which of the above is/are correct ?
4)An
independent, professional and specialist National
Recruitment Agency (NRA) for conducting a
computer-based online Common Eligibility Test for recruitment.
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 , 3 ,4
Ans: d
20) With reference to top export items from India consider the
following ?
1) Petroleum products,
2) precious stones
3) drug formulations & biologicals,
4) gold and other precious metals
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c )1,2,3,4
(d) 1,2 and 3
Ans: c
21) Keeping in view the need of MSME sector, Customs duty
is being raised on items like footwear (from 25% to 35% on footwear and from
15% to 20% on parts of footwear).
With
reference to top import items, by India
, consider the following :
a) Crude petroleum,
b) gold,
c) petroleum products, coal,
d) coke & briquittes
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 ,3,4
Ans: d
22) India’s imports
continue to be largest from which countries ?
a) China,
b) USA,
c) UAE
d) Saudi Arabia
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 ,3,4
Ans: d
23) Large Crude oil imports in the import basket correlates India’s total
imports with crude prices. As crude price raises so does the share of crude in
total imports, increasing imports to GDP ratio.
Consider the following :
1)Significant
Gold imports also correlate India’s total imports with gold prices.
2)However, share of gold imports in total
imports remained the same during 2018-19 and the first half of 2019-20, despite
an increase in prices, possibly due to increase in import duty that reduced the import of gold.
Which of the above is/are correct ?
(a)1 only
(b) 2 only
( c ) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
24) With reference to Logistics industry of India, consider the
following :
1) Currently estimated to be around US$ 160 billion.
3) Expected to touch US$ 215 billion by 2020.
3) According to World Bank's Logistics Performance Index, India ranks 44th
in 2018 globally, up from 54th rank in 2014.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
25)In the second wave of
the Central Government’s efforts to revive the economy, union Finance Minister
announced a slew of banking reform measures, including merger of 10 public
sector banks into 4 entities. This would take the number of banks in public
sector in India from 27 in2017 to how many in 2019 ?
a) 12
b) 6
c)5
d)7
e) None of these
Ans: a
26) What is ‘Financial
resilience’?
a) It is defined here as the
financial resources or RTMs available to a central bank for absorbing/
transferring losses to the government so as to ensure the efficacy of its
policy actions and that the operations are not compromised by financial losses.
b) Keeping silence
c) Raising doubts
d) Making losses
e) None of these
Ans: a
27 ) What is the capital of RBI (in
billion Rs.)
a) 0.05
b) 0.02
c)0.03
d)0.04
e) None of these
Ans: a
28) With reference to ‘forex market’ , consider the following :
1) The forex market is unique
in several ways.
2) A foreign currency is
essentially a commodity outside its jurisdiction and therefore has attributes
of an asset.
3) But the exchange rate, the
price of the foreign currency normalised to the home currency is an important
macroeconomic variable that ought to be determined by economic fundamentals and
influences behaviour of economic agents.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
29) “In the long run the world
would be poorer and in the short run there would be immense disruption.”Who
said it ?
a) Paul Krugman
b) IMF Chief Economist Gita
Gopinath
c) Adam Smith
d) Ricardo
e) Malthus
Ans: a
30) In order
to provide short-term loans upto Rs. 2 lakh to farmers involved in activities
related to Animal Husbandry and Fisheries, through a separate KCC for these
activities, apart from the existing KCC for crop loan, at a concessional
interest rate of 7% per annum during the years 2018-19 and 2019-20, it has been
decided to provide interest subvention of 2% per annum to lending institutions
viz. _________.
a) Public
Sector Banks (PSBs).
b)Private
Sector Commercial Banks (in respect of loans given by their rural and
semi-urban branches only) on use of their own resources
c) Both (a) & (b)
d)Credit Societies
e) None of these
Ans: c
31) On cash
withdrawal at PoS devices enabled for all debit cards/open loop prepaid cards
issued by banks. As per the instructions
outlined therein, what is the limit ?
a) cash
withdrawal to Rs. 1000/- per day in Tier I and II centres and Rs. 2,000/- per
day in Tier III to VI centres
b) Upto Rs.10,000/-
c) Upto Rs.20,000/-
d) Upto Rs.25,000/-
e) None of these
Ans: a
32) “A
clearer distinction between the two components of economic capital (realized
equity and revaluation balances) was also recommended by the Committee as
realized equity could be used for meeting all risks/ losses as they were
primarily built up from retained earnings, while revaluation balances could be
reckoned only as risk buffers against market risks as they represented
unrealized valuation gains and hence were not distributable. “. Here the
committee refers to which committee ?
a)Bimal Jalan Committee
b) C.Rangarajan Committee
c) Narasimham Committee
d) Taraporewala Committee
e) None of
these
Ans: a
33) With
reference to ‘Realized Equity’ of RBI,
consider the following :
1) Given
that the available realized equity stood at 6.8 per cent of balance sheet,
while the requirement recommended by the Committee was 6.5 per cent to 5.5 per
cent of balance sheet, there was excess of risk provisioning to the extent of
Rs.11,608 crore at the upper bound of CRB and Rs.52,637 crore at the lower
bound of CRB.
2) The
Central Board of RBI decided to maintain the realized equity level at 5.5 per
cent of balance sheet and the resultant excess risk provisions of Rs. 52,637
crore were written back.
Which of the above is/are correct ?
(a)1 only
(b) 2 only
( c ) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
34)With reference to Economic capital levels (context RBI) consider the following :
1) While the revised framework technically would
allow the RBI’s economic capital levels as on June 30, 2019 to lie within the
range of 24.5 per cent to 20.0 per cent of balance sheet (depending on the
level of realized equity maintained and availability of revaluation balances),
the economic capital as on June 30, 2019 stood at 23.3 per cent of balance
sheet.
2) As financial
resilience was within the desired range, the entire net income of Rs.1,23,414
crore for the year 2018-19, of which an amount of ₹28,000 crore has already
been paid as interim dividend, will be transferred to the Government of India.
3) This is
in addition to the Rs.52,637 crore of excess risk provisions which has been
written back and consequently will be transferred to the Government.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
35) Can the originating
NBFCs/HFCs, re-purchase the assets transferred under the provisions of the PCG
Scheme? (Partial Credit Guarantee Scheme Offered by GoI to PSBs for purchasing
high-rated pooled assets from NBFCs/HFCs)
a) Yes, the originating
NBFCs/HFCs have the option to buy back their assets after a specified period of
12 months, as a re-purchase transaction on a right of first refusal basis.
b)Yes. Within one month
c) Yes. Within 15 days
d) Yes. Within 7 days
e) None of these
Ans: a
36) It
is advised that the timeline for conversion of minimum detail PPIs to KYC
compliant Pre-paid Payment Instruments
(PPIs) has been extended from 18 months to ______ months.
a) 36
b) 24
c) 48
d)60
e) None of these
Ans: b
37)Consider the following
:
1)
The Reserve Bank will introduce varnished banknotes of Rs. 100 denomination on
a field trial basis in order to increase the life of Indian banknotes.
2) Indian banknotes have
several features which enable the visually impaired (colour blind, partially
sighted and blind people) to identify them, viz. intaglio printing and tactile
mark, variable banknote size, large
numerals, variable colour, monochromatic
hues and patterns
3) Bhartiya Reserve Bank Note
Mudran Private Ltd.(BRBNMPL) has set up an ink factory at Mysuru with an annual production capacity of
1,500 metric tonnes, which has started its commercial production from August
2018. Consequently, dry offset inks, Quickset Intaglio Inks (QSI), numbering
inks and colour shifting inks used in the printing of banknotes are being
manufactured at the Mysuru ink factory. This is a significant milestone
achieved in the long journey towards indigenisation.
4) In value terms, the share
of Rs.500 and Rs.2000 banknotes, which had together accounted for 80.2 per cent
of the total value of banknotes in circulation at end-March 2018, increased to
82.2 per cent at end-March 2019.
5) In volume terms, Rs.10 and
RS.100 banknotes constituted 47.2 per
cent of total banknotes in circulation at end-March 2019 .
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 1, 2 , 3,4,5
(d) 1,2 and 3
Ans: c
38) Consider the following (in
the context of RBI) :
1)State
governments maintain the Consolidated Sinking Fund (CSF) and Guarantee
Redemption Funds (GRF) with the Reserve Bank as buffer for repayment of their
liabilities. Currently, 24 states are members of the CSF scheme while 18 states
are members of GRF scheme
2) Following the
recommendations of the Advisory Committee on Ways and Means Advances (WMA)
scheme of the state government (Chairman: Shri Sumit Bose), the limits of WMA
for states was reviewed and it was decided to retain the existing limit (
Rs.322.25 billion for all states together) of WMA until reviewed by the next
committee (effective from 2020-21).
3) The Debt Management
Strategy (DMS) was introduced in 2015, in consultation with GoI, to smoothen
the government’s borrowing programme and execute it in a planned manner.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
39) The Reserve Bank, in
consultation with the Government of India, issued six tranches of Sovereign
Gold Bonds (SGBs) for an aggregate amount of Rs.5.88 billion (1.84 tonnes)
during 2018-19.
Consider
the following :
1) The SGB scheme aims to
broaden the investment choice for investors as well as to widen the retail
investor base.
2) The incentives granted to
investors in 2017-18 by enhancing the maximum holding limit to 4 kg for
individuals/Hindu Undivided Family (HUF) and 20 kg for trusts per fiscal year
and allowing a discount of Rs.50/gm on the nominal value for making online
applications and digital payment were continued in 2018-19 as well.
3) A total of Rs.74.83
billion (25.3 tonnes) has been raised through the scheme since its inception in
November 2015.
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
40) Consider
the following :
1) Contingent
Risk Buffer (CRB) in RBI: Component of RBI’s economic capital required to cover
its monetary and financial stability, credit and operational risks.
2)‘Revaluation balances’
(in the context of RBI ) : The unrealized gains, net of losses resulting from
exchange rate, gold price and interest rate movements, on account of periodic
marking to market of RBI’s foreign currency assets, gold, foreign dated
securities and rupee securities
Which of the above is/are correct ?
(a)1 only
(b)1 and 2 only
( c ) Neither 1 nor 2
(d) 2 only
Ans: b
41) With the merger of
OBC+Unied Bank in Punjab National Bank,
which of the following is possible ?
a)2nd largest
PSB with business of Rs.17.95 Lakh Crores
b)2nd largest
branch network in India , with 11,437 branches
c)High CASA and lending
capacity combined in consolidated bank ; Large cost reduction potential due to
network overlaps
d) All the above
Ans: d
42) Which of the following
is correct about PSBs and their CBS ?
a)PNB:Finacle
b)Canara Bank : iFlex
c)Indian Bank : BaNCS
d)All the above
e) None of these
Ans: d
43) For Oriental Bank of
Commerce and United Bank of India, which of the following is Anchor Bank ?
a) Punjab National Bank
b) Canara Bank
c) Union Bank of India
d) Indian Bank
Ans: a
44) Central Government has
provided an approximate break-up as to how Rs.55,000 Crores, of the Rs.70,000
Crores promised in bank recapitalization this year, which will find its way
into public sector banks . Which of the following is correct ?
a) PNB: Rs.16,000 Cr.
b) UBI : Rs.11,700 Cr.
c) BoB : Rs.7,000 Cr.;
Canara Bank : Rs.6,500 Cr.
d) All the above
Ans: d
45) In the context of ‘Unlocking potential through consolidation of
PSBs’, which of the following can be realized ?
a) Big bank with enhanced
capacity to increase credit
b)Banks with strong
national presence and global reach
c) Operational efficiency
gains to reduce cost of lending ; Thrust on NextGen technology for banking
d) All the above
Ans: d
46) The decision of
100 % FDI under automatic route for coal mining activities including
associated processing, infrastructure in the coal sector is the biggest reform
by our Prime Minister / Government which will help provide which of the
following ?
a)power to all 24x7.
b)money for all
c)water for all
d) None of these
Ans : a
47) What is
MANI ? Give details about it ?
a) ‘Mobile
Aided Note Identifier (MANI). Capable of identifying the denominations of
Mahatma Gandhi Series and Mahatma Gandhi (New) series banknote by checking
front or reverse side/part of the note including half folded notes at various
holding angles and broad range of light conditions (normal light/day light/low
light/ etc.).
b) Ability
to identify the denomination through audio notification in Hindi/English and
non-sonic mode such as vibration (suitable for those with vision and hearing
impairment).
c) After
installation, the mobile application does not require internet and works in
offline mode.
d) Ability
to navigate the mobile application via voice controls for accessing the
application features wherever the underlying device & operating system
combination supports voice enabled controls.
e) All the above
Ans: e
48) The
Expert Committee on “Licensing of New Urban Co-operative Banks” constituted
under the Chairmanship of whom ?
a) Shri
Y.H.Malegam (2011)
b)Dalbir Singh
c)Kohli
d)Bimal Jalan
e) None of these
Ans: a
49) Consider the following
pairs :
1) Charles Wood Dispatch
(1854) : Education
2)Cockerell Commission
(1866): Famine
3)Mansfield Commission
(1866) : Currency
Which of the pairs given
above is/are correct matched ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
50) Consider the following
pairs :
1)Rowlatt Commission (1919) : Sedition
2)Actworth Commission (1919) : Railways
3)Escher Commission (1920) : Army
Which of the pairs given
above is/are correct matched ?
(a)1 only
(b)1 and 2 only
( c ) 2 and 3 only
(d) 1,2 and 3
Ans: d
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