UPSC PRELIMINARY MOCK TEST 102

 

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UPSC PRELIMINARY MOCK TEST 102

Question 1
Consider the following statements with respect to Marginal Standing Facility (MSF):
1. MSF was introduced in 2014
2. Under MSF, interest rate charged as same as Repo Rate
Which of the following below given codes are correct?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Current affairs Questions answers
Question 1 Explanation: 
MSF is a new scheme announced by the RBI in its Monetary Policy, 2011-12 which came into effect from May, 2011. Under this scheme, banks can borrow overnight up to 1 per cent of their net demand and time liabilities (NDTL) from the RBI, at the interest rate 1 per cent (100 basis points) higher than the current repo rate. In an attempt to strengthen rupee and checking its falling exchange rate, the RBI increased the gap between 'repo' and MSF to 3 per cent (late July 2013). The MSF rate has been floated as a penal rate and since mid-2015 RBI has maintained it 1 per cent higher than the prevailing repo rate. By end March 2017 it was at 6.75 per cent, fully aligned with the Bank rate (i.e., equal to the Bank rate).
Question 2
The largest reserves of thorium in India is located in
A
Gujarat
B
Kerala
C
Andhra Pradesh
D
Odisha
UPSC test Questions answers
Question 2 Explanation: 
Correct

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Question 3
Consider the following statements with respect appointment of Chief Justice of India:
  1. The procedure for appointment of the CJI is laid out in Article 124 of the Constitution of India.
  2. The recommendations for the appointment of CJI, made to the government by the incumbent CJI or the collegium can be sent back for reconsideration.
Which of the given statement/s is/are correct?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Computer science Questions answers
Question 3 Explanation: 
Neither 1 nor 2 are correct.

The Constitution of India does not have any provision for criteria and procedure for appointing the CJI. Article 124(1) of the Indian Constitution says there "shall be a Supreme Court of India consisting of a Chief Justice of India". The closest mention is in Article 126, which deals with the appointment of an acting CJI. In the absence of a constitutional provision, the procedure relies on custom and convention. The procedure to appoint the next CJI is laid out in the Memorandum of Procedure (MoP) between the government and the judiciary. Vis-a-vis the appointment of the CJI and the appointment of SC judges, the key difference is that in the former, the government cannot send the recommendation of the CJI (or the collegium) back to them for reconsideration; while in the latter, the government can do so. The Memorandum of Procedure does not have any provision for the eventuality of the government disagreeing with the incumbent CJI's recommendation on the new one.

Question 4
India and China, in a joint proposal to the World Trade Organization (WTO), has called for elimination of trade-distorting agricultural subsidies given by developed countries. Which the following statement is/are correct in this context 1) In WTO parlance, these subsidies are called as Aggregate Measurement of Support (AMS) or Amber Box support. 2) The WTO is the successor to the General agreement on Tariffs and Trade (GATT), which was created in 1950. Select the correct option using the code given below:
A
1 only
B
2 only
C
Both are correct
D
Neither are correct
Home science Questions answers
Question 4 Explanation: 
The WTO is the successor to the General agreement on Tariffs and Trade(GATT), which was created in 1947.

1- India and China, in a joint proposal to the World Trade Organization (WTO), have called for elimination of trade-distorting agricultural subsidies given by developed countries. The proposal counters the efforts of some WTO member countries that are targeting the subsidies given by the developing economies to their poor farmers while letting the developed rich nations retain their huge farm subsidies. It is an important proposal by India and China in view of the ongoing negotiations for the ministerial conference of the WTO to be held in Buenos Aires in December.

Question 5
The advent of Purandaradasa, in the year 1484, marked a very important landmark in the development of
A
Carnatic music
B
Hindustani music
C
Tamil literature
D
Kannada literature
Journalism Questions answers
Question 5 Explanation: 

The advent of Purandaradasa, in the year 1484, marked a very important landmark in the development of Carnatic music.

He effected such a thorough systematisation and refinement in the art, that, up to the present day, it has remained the same. He has been justly termed as "Carnatic Sangeeta Pitamaha". "

There are 5 questions to complete.

 

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