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UPSC PRELIMINARY MOCK TEST 205
Question 11 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Renewable energy | |
Global inequality | |
The great acceleration (Anthropocene epoch) | |
Global gender gap |
General question, but relevant for prelims. It appears sometimes in the news while discussing global inequality.
Image source: wid.world ;
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Question 12 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
World Economic Forum (WEF) | |
Institute for Economics and Peace | |
Amnesty International | |
International Peace Institute (IPI) |
India has ranked 136th among 200 countries on the 2018 Global Peace Index.
India's rank has marginally improved in "global peacefulness".
Question 13 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Mechanism provided for the developed countries to raise tariffs to deal with cheap goods from the developing nations. | |
Mechanism to restrict the imports of disease infected agricultural products from other countries. | |
Mechanism to curb the imports of goods whose manufacturing process has violated International labour norms | |
A tool that will allow developing countries to raise tariffs temporarily to deal with import surges or price falls. |
It is a tool that will allow developing countries to raise tariffs temporarily to deal with import surges or price falls.
Question 14 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
- Reduced revenues for the Centre
- Rise in price of food articles
- Increased income from petroleum product exports
1 and 2 only | |
2 and 3 Only | |
1 and 3 only | |
1,2 and 3 |
Revenues will reduce only if the Centre reduces the excise duty on Petroleum products. Consequently, if the centre does not alter excise duty, an increase in crude oil price will increase the cost of transportation of food articles. Also, there would be an increase in revenues from exports for the oil marketing companies .
Question 15 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
1 only | |
2 only | |
Both 1 and 2 | |
Neither 1 nor 2 |
A clause in the Financial Resolution and Deposit Insurance Bill 2017, introduced in Parliament in August, has created unease. The clause lays the ground for a 'bail-in' of failing financial institutions. Unlike a bail-out, which constitutes the injection of taxpayers' funds to shore up finances of a financial institution, a bail-in involves the use of depositors' funds to do the same.
- International practises: The bail-in feature is in line with the best practices adopted around the world. For example, the Financial Stability Board, which has members comprising most G20 countries (including India), has recommended that its members allow the resolution of financial companies using bail-in. Similarly, the European Union has proposed bail-in as a resolution tool. So far, the bail-in has been used rarely, the most recent being in Cyprus in 2013.
- The Resolution Corporation: The Bill proposes to replace the Deposit Insurance and Credit Guarantee Corporation (DICGC), which guarantees deposits up to a value of Rs. 1 lakh, with a Resolution Corporation which will be empowered to collect the premium that banks pay to the DICGC as an insurance cover for deposits. The Bill, however, does not specify the quantum of deposits that will be insured by the new corporation nor the amount of premium it will collect from banks. The Rs. 1 lakh limit has not been updated since 1993; even if one assumes a 5% annual average inflation rate since 1993, the equivalent value of a Rs. 1 lakh deposit would be well over Rs. 3 lakh in 2017.
http://www.thehindu.com/business/Economy/the-lowdown-on-the-bail-in-clause/article21381452.ece ;
For those who want to read about the FSB: http://www.fsb.org/about/ ; "