UPSC PRELIMINARY MOCK TEST 165

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UPSC PRELIMINARY MOCK TEST 165

Question 26 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Recently Deep Carbon Observatory has been in news sometimes related to
A
Climate Research panel under IPCC
B
Carbon exploration lab in space
C
New Carbon Quantification initiative by UNEP
D
None of the above
Question 26 Explanation: 

Refer: "

Question 27 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following country does not Borders the Horn of Africa?
A
Eritrea
B
Somali
C
Egypt
D
Ethiopia
Question 27 Explanation: 
Horn of Africa is the easternmost extension of African. The region is home to the countries of Djibouti, Eritrea, Ethiopia, and Somalia, whose cultures have been linked throughout their long history.
Question 28 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Consider the following statements regarding FATF;
  1. It has issued FATF Standards to tackle currency counterfeiting.
  2. Gulf Cooperation Council and European Commission are member organisations of FATF.
  3. Pakistan is listed under "High-Risk Jurisdictions subject to a Call for Action".
Which of the above statements is/are correct?
A
1 and 2 only
B
2 only
C
1 and 3 only
D
All of the above
Question 28 Explanation: 
Statement 1 is incorrect. The FATF Recommendations or Standards are the internationally endorsed global standards against money laundering and terrorist financing.

Statement 2 is correct. The FATF currently comprises 37 member jurisdictions and 2 regional organisations (GCC & EC).

Statement 3 is incorrect. Pakistan is in the Grey List and not in the Blacklist (High Risk Jurisdiction to a Call for Action).

Question 29 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Consider the following statements regarding Alternative investment funds (AIFs).
  1. AIFs are private funds which are not coming under the jurisdiction of any regulatory agency in India.
  2. AIFs include venture Capital Fund, hedge funds, private equity funds and Mutual Funds.
  3. Recently SEBI removed Angel fund from the category of Alternative investment funds.
Which of the above statements is/are correct?
A
1 only
B
1, 2
C
1, 3
D
2, 3
Question 29 Explanation: 

AIF refers to any privately pooled investment fund, (whether from Indian or foreign sources), in the form of a trust or a company or a body corporate or a Limited Liability Partnership (LLP). Hence, in India, AIFs are private funds which are otherwise not coming under the jurisdiction of any regulatory agency in India.

The definition of AIFs includes venture Capital Fund, hedge funds, private equity funds, commodity funds, Debt Funds, infrastructure funds, etc., while, it excludes Mutual funds or collective investment Schemes, family trusts, Employee Stock Option.

"Angel fund" is a sub-category of Venture Capital Fund under Category I Alternative Investment Fund that raises funds from angel investors. "

Question 30 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In 1765, the East India Company, which till now had purely trading functions obtained the 'diwani' (i.e., rights over revenue and civil justice) of which of the following places?
    1. Bihar
    2. Orissa
    3. Bombay
    4. Madras
    5. Bengal
Select the correct answer using the code below
A
1, 2, 3 and 5
B
1, 2 and 5
C
1 and 5
D
All of the above
Question 30 Explanation: 
  • British came to India in 1600 as traders, in the form of East India Company, which had the exclusive right of trading in India under a charter granted by Queen Elizabeth I. In 1765, the Company, which till now had purely trading functions obtained the 'diwani' (i.e., rights over revenue and civil justice) of Bengal, Bihar and Orissa. This started its career as a territorial power.
  • The Mughal Emperor, Shah Alam, granted 'Diwani' to the Company after its victory in the Battle of Buxar (1764).
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There are 30 questions to complete.