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Published on May 17, 2017
IASbaba's 60 Day Plan- Prelims Test 2017 Economics and Current Affairs [Day 45]
Hello Friends

So, here we are with the 45th Day of 60 Days Plan. It is the third edition of 60 Days program but seems like the first one because of the excitement involved everywhere, including us :)

We are equally excited and pumped. Our Team is working hard to make you realize your dream. Do not take it insincerely and let us down. Your faith and participation has to be in sync with the amount of hard work and effort we do.

Let us pledge to make it a big game changer (better than last year) in the next 60 days!

Importance of Self - Tracking: Learning from Last Year

Last year, aspirants used to comment their answers in the comment box on daily basis. There were huge participation in discussion. Putting answers in comment box has been very effective to self track yourself after updating the score. In the end you can cross check your performance through disqus profile.

It was highly effective in the last edition of 60 Days that propelled aspirants to monitor their performance and learn through discussion. Let you solve these questions with full honesty and write your result in the comment box. Interact with peers to know your mistakes.

The importance of this initiative stands time bound and aggressive reverse engineering to learn the concepts. Many of you must be busy with your own strategy but let us tell you honestly that in the last two months, it is very important to revise and consolidate your learning. Just reading won’t suffice.

So, take out few hours from your schedule and make it a revision exercise.

How you can make the best use of it?

Be honest to your effort and do not start competing with XYZ aspirants here just for the sake of marks. It is more important for you to introspect and check your learning than focusing on others. Try to answer the questions in 20 minutes only. 

Do not get into negative feeling that I don’t have enough knowledge to answer these questions. Feel like you are taking the real exam. What would be your response then?

The same will be replicated in UPSC exam. Here, you get marks only and nothing else matters. So make effort to know the answers of all questions. Do not cheat :P

Baba's Gyan for REVISION

Many of you, almost all, asks about effective revision strategy! Can there be any?

Let us tell you something Baba does :D 

You guys study a lot and there is no issue with the hard work that has been put in. But when it comes to input-output comparison, your performance is questionable.

What to do?

Just do this for a Week: Go to bed before stipulated time of your sleep, at least 1 hour before. Close your eyes and try to relax your mind. You should attain full comfort and calmness.

Do this on the First Day: Imagine the full story of a recent movie that you have watched. Try to recollect from starting to end. See, whether you are able to depict the clear picture or not!

Now, do the same for everything you learnt from morning specially the ones you struggled with. Since it is fresh, most of the things should flow into your mind smoothly. Check what is your recollecting capacity.

For example, if you prepared Polity Day 2: Topics- Try to collect all important concepts and learning of the day.

Trust us, this exercise if done with sincerity will give you immense confidence as well as boost your performance. There is no ideal time for revision and there cannot be any specific date put for it, as commonly done.

This will always expose your weaknesses the very same day and if you tend to forget something, can always get back to consolidate and cement it.

REPEAT IT FOR A WEEK & SEE THE MAGIC :D 

Must to Do: Read the detailed article regarding Micro Analysis Matrix and follow the guidelines- Click Here

Try to hold your nerves and learn to control the temptation. This is very important art to learn and implement!

Are you ready? Let's start

[Day 45]: ECONOMICS & CURRENT AFFAIRS 

ARCHIVES

Q.1) Consider the following statements with reference to the evolution of Public Sector Undertakings (PSU’s) in India

  1. PSU’s were developed as an instrument for self-reliant economic growth
  2. Initially the PSU’s were focused on manufacturing of Consumer Goods

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.2) Consider the following statements with reference to the Section 25 companies under the Companies Act, 1956

  1. These companies promote commerce, art, science, religion, charity or any other useful purpose
  2. Section 25 companies do not have any profit motive
  3. No PSU’s can be registered as a section 25 company

Which of the above statements is/are correct?

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. All of the above

Q.3) Conferring of the status on PSU’s such as Miniratna and Maharatna is done by

  1. Department of Disinvestment
  2. Department of Economic Affairs
  3. Department of Heavy Industries
  4. Department of Public Enterprises

Q.4) Consider the following statements with reference to the National Manufacturing Policy 2011

  1. Objective is to increase the contribution manufacturing to at least 25% of the National GDP by 2022
  2. It aims to create 100 million jobs by 2022

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.5) Consider the following statements with reference to the National Capital Goods Policy

  1. One of the objectives is to increase the direct employment in Capital Goods industry to 5 million by 2025
  2. increase the share of domestic production in India's capital goods demand from 60% to 80% by 2025 is another stated objective

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.6) Consider the following statements with reference to the proposed 'Start-up Center for Capital Goods Sector’

  1. It will be set up by Department of Heavy Industries and Private sector capital goods industry
  2. The costs will be shared in a 50 : 50 ratio
  3. It will provide financing as well as technical assistance to promising startups

Which of the above statements is/are correct?

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. All of the above

Q.7) Consider the following statements with reference to Fame India Scheme

  1. It will be implemented by the Department of Heavy Industries
  2. The scheme is aimed at incentivizing all vehicle segments to adopt hybrid and Electric Technologies

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.8) Consider the following statements about the Maharatna status given to PSUs

  1. To be eligible a company must have an annual turn-over of 20,000 crores
  2. It empowers the companies to make investment decisions up to Rs 10,000 crore without seeking Government’s approval
  3. The Maharatna status empowers mega CPSEs to expand their operations and emerge as global giants

Which of the above statements is/are correct?

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. All of the above

Q.9) Consider the following statements with reference to the Corporate Social Responsibility Rules in India

  1. It applies only to the Private sector companies having a net worth of 500 crores or more
  2. Contributions made to the political parties are considered as a part of CSR activities
  3. Schedule VII of the Companies Act 2013 lists the activities which are considered as CSR eligible

Which of the above statements is/are correct?

  1. 1 and
  2. 1 and 3 only
  3. 3 only
  4. All of the above

Q.10) Consider the following statements with reference to the National Energy Efficient Agriculture Pumps Programme

  1. Under this programme SIM card enabled agricultural pump sets will be made available to the farmers
  2. The pumps will be given free of cost to the farmers
  3. The programme was launched in Vijaywada

Which of the above statements is/are correct?

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. All of the above

Q.11) Consider the following statements with reference to the classification of MSMEs in India

  1. The MSMEs are defined in the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006
  2. In service sector an enterprise is considered small enterprise if the investment is less than 10 lakhs

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.12) Consider the following statements about DIPAM

  1. It is a department under the Ministry of Commerce and Industry
  2. Listing, disinvestment and dividend policy of CPSEs is decided by DIPAM

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.13) The Assembly Elections in Go and Manipur produced an inconclusive verdict. As a result, there were hung assemblies. Consider the following statements

  1. The Constitution of India does not mandate any procedure to be followed by the Governor, in case of hung assembly.
  2. Punchhi Commission recommends that Governor should invite the leader of ―’a pre-poll alliance commanding the largest number’ or the ―’largest single party’ to form the government in case no party or pre-poll coalition has a clear majority.

Select the correct statements

  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.14) Narikurava belong to which of the following state?

  1. Karnataka
  2. Tamil Nadu
  3. Odisha
  4. Maharashtra

Q.15) Consider the following statements about ‘Electoral Bond’

  1. It cannot be purchased by paying cash
  2. The bond bearer will earn an interest of 2% per annum
  3. It can used to saved tax under section 80C of IT Act

Select the incorrect statements

  1. 1 and 2
  2. 2 and 3
  3. 1 and 3
  4. All of the above

Q.16) Consider the following pairs

  1. Corbett National Park - Kosi
  2. Kaziranga National Park - Brahmaputra
  3. Silent Valley National Park – Krishna

Which of the above pairs is/are correctly matched?

  1. 1 and 2
  2. 2 and 3
  3. 1 and 3
  4. All of the above

Q.17) Consider the following statements about Miyar Hydroelectric Project

  1. It is located in Jammu and Kashmir
  2. MiyarNallah is a right bank tributary of Chenab River

Select the correct statements

  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.18) Global Enabling Trade Report 2016 was released by

  1. World Bank
  2. World Trade Organisation
  3. World Economic Forum
  4. United Nations

Q.19) Titu Mir led the

  1. Wahabi Movement
  2. Faraizi Movement
  3. Narkelberia uprising
  4. Mappila uprising

Q.20) Consider the following statements about Biotech-KISAN

  1. It is a Farmer centric scheme launched by the Ministry of Agriculture & Farmers Welfare
  2. The scheme includes the Mahila Biotech- KISAN fellowships, for training and education in farm practices, for women farmers

Which of the following statements is/are correct?

  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.21) Recently ‘LEEP’ was in news. It is concerned with

  1. BharatmalaPariyojana
  2. Start-up India
  3. Make in India
  4. Digital India
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