Raashid Shah

MOCK Q.432- FRAMED FROM SHANKAR IAS <br>Q.1 Which among the following statement(s) is/are correct with reference to the Climate Investment Funds ? 1. The operation of the Financial Mechanism is partly entrusted to the Global Environment Facility (GEF) 2. These funds were approved by MIGA (Multilateral Investment Guarantee Agency) in 2008 to address climate change Select the correct answer using the codes given below : A) Only 1 B) Only 2 C) Both are correct D) Both are incorrect Ans. D The Climate Investment Funds (CIFs) were designed by developed and developing countries and are implemented with the multilateral development banks (MDBs) to bridge the financing and learning gap between now and the next international climate change agreement. CIFs are two distinct funds: the Clean Technology Fund and the Strategic Climate Fund. The CIFs are additional to existing Official Development Assistance (ODA) and aim to enable countries to continue on their development path and achieve the Millennium Development Goals. These funds will be operated in close coordination with existing bilateral and multilateral efforts. The funds were approved by the World Bank Board of Directors in July 2008 and on September 26, 2008 received pledges of US$6.5 billion. The Climate Investment Funds include the: •   Clean Technology Fund •   Strategic Climate Fund •   Forest Investment Program •   Pilot Program for Climate Resilience •   Scaling Up Renewable Energy Program, and •   Private Sector MOCK Q.426- FRAMED FROM RAMESH SINGH-INDIAN ECONOMY Q.2 With reference to the Trade Facilitation Agreement (TFA), consider the following statements : 1. TFA was the first multilateral trade deal in 21 years signed in Bali in 2013 for easing cross border custom rules for faster movement of goods 2.TFA requires developed countries should reduce the domestic support given to agriculture in the form of Green box subsidies 3. It contains provisions for technical & financial assistance in trade facilitation Select the correct answer using the codes given below : A) Only 2 B) 2 & 3 C) Only 1 D) 1 & 3 Ans. C Trade Facilitation Agreement (TFA) : TFA was the first multilateral trade deal in 21 years signed in Bali in 2013 for easing cross border custom rules for faster movement of goods TFA contains provisions for technical assistance & capacity building in trade facilitation Provision of Fourth Ministerial Meeting in Doha, Qatar (2001) : TFA requires developed countries should reduce the domestic support given to agriculture in the form of Green box subsidies MOCK Q.425- FRAMED FROM RAMESH SINGH-INDIAN ECONOMY Q.3 Which one of the following does not comes under the category of Back Office Outsourcing ? A) Call centre services B) Banking C) Media & Entertainment D) Travel & Hospitality Ans. A Call centre services : Front Office Outsourcing Back Office Business Process Outsourcing (BPO) Services An organization’s back office management can significantly impact its success. Large volumes of data accrue on a daily basis, from various transactional processes such as order fulfilment, applications processing, transaction processing, billing, and collections that require effective back office solutions. Invensis is a reputed leader in empowering numerous global businesses and organizations through high quality back office BPO services that promote enhanced business efficiency and improved bottom-line. back office outsourcing services extend across industries such as: •   Finance •   Banking •   Insurance •   Healthcare •   Manufacturing & Chemical •   Travel & Hospitality •   Media & Entertainment •   Utilities •   Logistics and Customs Brokerage •   Automotive •   Education •   Mortgage •   Government MOCK Q.420- FRAMED FROM Indian Express Q.4 On account of which of the following reasons Chabahar port is relevant for India ? 1. Chabahar port will increase dependence of Afghanistan , which is a landlocked country on Pakistan 2. In October 2017, India began shipment of Rice, Wheat & Pulses to Afghanistan through the Iranian port of Chabahar 3. Indian presence at Chabahar port will help in countering Chinese presence at Gwadar port of Pakistan Select the correct answer using the code given below : A) Only 3 B) 2 & 3 C) 1 & 2 D) 1,2,3, Ans. A -Chabahar port will reduce dependence of Afghanistan , which is a landlocked country on Pakistan – In October 2017, India began shipment of Wheat to Afghanistan through the Iranian port of Chabahar – Indian presence at Chabahar port will help in countering Chinese presence at Gwadar port of Pakistan MOCK Q.419- FRAMED FROM Indian Express Q.5 With reference to the Official Development Assistance, consider the following statements : 1. ODA was coined by the Development Assistance Committee of the Organization for Economic Co-operation & Development (OECD) for the first time in 1959 2.Japan is the only developed nation  that signed a free trade agreement (FTA) with India Select the correct answer using the code given below : A) Only 1 B) Only 2 C) Both are correct D) Both are incorrect Ans. B ODA was coined by the Development Assistance Committee of the Organization for Economic Co-operation & Development (OECD) for the first time is 1969 India is the largest recipient of Japanese Official Development Assistance (ODA) MOCK Q.407- FRAMED FROM “THE HINDU” Q.6 Which of the following best describes SHREYAS scheme ? A) It is the scheme launched by HRD Ministry to promote entrepreneurship by mentoring, nurturing and facilitating startups B) It is the scheme implemented by Sector Skill Council for Higher Education Youth in Apprenticeship and Skills C) It is the scheme launched by HRD ministry for translational and advanced research in Science to fund science projects D) It is the scheme implemented by Institution’s Innovation Council for self-actualisation providing opportunities for a life-long learning Ans. C SHREYAS: Scheme for Higher Education Youth in Apprenticeship and Skills Functioning of the Scheme: The scheme will be operated in conjunction with National Apprenticeship Promotion Scheme (NAPS) which provides for placing of apprentices or trainees up to 10 percent of the total work force in every industry. The scheme will be implemented by the Sector Skill Councils (SSCs) initially in the Banking Finance Insurance Services (BFSI), Retail,

MOCK Q.508 – FRAMED FROM THE HINDU   Q.1 Global Liveability Index report is published by :   A) Global Infrastructure Hub   B) Economist Intelligence Unit (EIU)   C) Joint Research Centre of European Commission   D) Cornell University   Ans. B   EIU releases Global Liveability Index MOCK Q.503 – FRAMED FROM THE HINDU   Q.2 Which among the following products are offered by the Indian Post Payment Banks ?   Direct Benefit Transfers   Saving & Current Accounts   Utility payments   Select the correct answer using the codes given below :   A) Only 2   B) 1 & 3   C) 2 & 3   D) 1,2,3   Ans. D   The payments bank, where the Indian government holds 100 per cent equity,   The IPPBs will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments.   On August 29, 2018, the Union Cabinet had approved 80 per cent increase in spending for IPPB from Rs 800 crore to Rs 1435 crore.   MOCK Q.499 – FRAMED FROM THE HINDU   Q.3 With reference to the Surakshit Matritva Aashwasan OR SUMAN Scheme, consider the following statements :   It aims to provide institutional delivery at every private & public health care facilities   Under the scheme, all pregnant women, newborns and mothers up to 6 months of delivery will be able to avail several free health care services such as four antenatal check-ups and six home-based newborn care visits   The pregnant women will be able to avail a zero expense delivery and C-section facility in case of complications at public health facilities   Select the correct answer using the codes given below :   A) 1 & 3   B) Only 2   C) 2 & 3   D) 1,2,3   Ans. C   Surakshit Matritva Aashwasan   The Surakshit Matritva Aashwasan initiative or SUMAN scheme aims to provide dignified and quality health care at no cost to every woman and newborn visiting a public health facility.   Under the scheme, all pregnant women, newborns and mothers up to 6 months of delivery will be able to avail several free health care services such as four antenatal check-ups and six home-based newborn care visits.   The scheme will enable zero expense access to the identification and management of complications during and after the pregnancy. The government will also provide free transport to pregnant women from home to the health facility and drop back after discharge (minimum 48 hrs).   The pregnant women will be able to avail a zero expense delivery and C-section facility in case of complications at public health facilities.   The scheme will ensure that there is zero-tolerance for denial of services to such patients. MOCK Q.485 – FRAMED FROM THE HINDU   Q.4 Which among the following statement(s) is/are correct with respect to the National Investment and Infrastructure Fund ?   It was established as a Category II Alternate Investment Funds (AIF) as per the regulations of the Securities and Exchange Board of India (SEBI)   It has an initial corpus of 20000 crore rupees which can be leveraged by infrastructure companies including Indian Rail Finance Corporation (IRFC) and National Housing Bank (NHB)   Select the correct answer using the codes given below   A) Only 1   B) Only 2   C) Both are correct   D) Both are incorrect   Ans. C   About National Investment and Infrastructure Fund The fund was approved by the Union Cabinet in July 2015 to fund new and rejuvenate stressed projects so that stalled investment cycle is revived in the country.   It was established as a Category II Alternate Investment Funds (AIF) as per the regulations of the Securities and Exchange Board of India (SEBI).   It has an initial corpus of 20000 crore rupees which can be leveraged by infrastructure companies including Indian Rail Finance Corporation (IRFC) and National Housing Bank (NHB).   On the basis of the above early warning signals, the branch maintaining the account should consider forwarding the stressed accounts with aggregate loan limits above 10 lakh rupees to the Committee for Stressed MSMEs within five working days for a suitable corrective action plan (CAP).   As regards accounts with aggregate loan limits up to 10 lakh rupees identified as SMA-2, the account should be mandatorily examined for CAP by the branch itself under the authority of the branch manager /designated official as decided by the bank.   The option under CAP may include Rectification, Restructuring and Recovery among others.   MOCK Q.478 – FRAMED FROM THE HINDU   Q.5 Which among the following statements is/are correct with respect to the Angel Fund ?   It has been launched very recently under which the first generation entrepreneurs can get a maximum loan of 5 lakh rupees at 5% interest pa   The loan will have a moratorium period of maximum 9 months during which no interest rates will be charged   Select the correct answer using the codes given below :   A) Only 1   B) Only 2   C) Both are correct   D) Both are incorrect   Ans. D   It has been launched in 2013 by Assam Chief Minister, under which the first generation entrepreneurs can get a maximum loan of 5 lakh rupees at 5% interest pa   The loan will have a moratorium period of maximum 10 months during which no interest rates will be charged MOCK Q.477 – FRAMED FROM THE HINDU   Q.6 With reference to the Equity Index, consider the following statements :   It was launched in collaboration with the world bank which will help raise funds for products seeking to mitigate climate change   It is the first equity Index linked with the Green Bond   Select the correct answer using the codes given below :   A) Only 1   B) Only 2   C) Both are correct

COPYRIGHT Q.528 – FRAMED FROM THE HINDU   Q.1 With reference to the Libra cryptocurrency, consider the following statements :   The Libra reserve will include bank deposits and government bonds in several international currencies   Demand or scarcity are the driving factors of the Libra currency   Select the correct answer using the codes given below :   A) Only 1   B) Only 2   C) Both are correct   D) Both are incorrect   Ans. A   What is the difference between Bitcoin and Libra cryptocurrency?   Though popular, Bitcoin cryptocurrency has been known to be volatile, especially in recent years. Unlike Bitcoin, Libra will be backed by a reserve of real assets, meaning that the value of the currency will be linked to something with intrinsic value rather than driven by demand or scarcity.   The Libra reserve will include bank deposits and government bonds in several international currencies. The reserve will be administered by a non-profit associated headquartered in Geneva, Switzerland.   What is Libra Cryptocurrency?   The Libra cryptocurrency is a digital currency, built on a blockchain designed with security in mind. It will be stored in a digital wallet called ‘Calibra’, which will be available as an app, as well as within Facebook Messenger and whatsapp as an integrated payments system. This will enable users to send and receive money through messages.   Will the Libra cryptocurrency work offline as well?   Facebook aims for Libra to be used for offline payments as well including for public transport, buying groceries or paying bills. Facebook also plans to make its cryptocurrency available for exchange from traditional currency through physical ATM machines.   Who will be able to access the Libra cryptocurrency?   The Libra cryptocurrency will be accessible to anyone with an entry-level smartphone and data connectivity.   Who will manage the Libra cryptocurrency project ?   Facebook will not be governing the services of the Libra cryptocurrency. The social media giant has created an independent organisation called the Libra Association, which will build applications related to the new digital currency.   Where is Bitcoin legal and illegal?   Introduced in 2009, Bitcoin cryptocurrency is popularly used for transactions in many nations across the world including the United States, European Union, Canada and Australia. However, the cryptocurrency is considered illegal in many nations such as China, Russia, Vietnam and Bolivia. COPYRIGHT Q.518 – FRAMED FROM THE HINDU   Q.2 With reference to the Teaser Loans, consider the following statements :   It is an adjustable interest rate mortgage loan in which borrower pays a very low initial interest rate, which increases after a few years   In India, Teaser loans are mostly given to the inexperienced entrepreneurs to set up manufacturing or exports unit   Select the correct answer using the codes given below :   A) Only 1   B) Only 2   C) Both are correct   D) Both are incorrect   Ans. A   Teaser Loans ; It is an adjustable interest rate mortgage loan in which borrower pays a very low initial interest rate, which increases after a few years      COPYRIGHT Q.517 – FRAMED FROM THE HINDU   Q.3 With reference to the Monetary Transmission , consider the following statements : It refers to the process by which a central bank’s monetary policy decisions are passed on to the financial markets   Rising Non performing Assets & higher returns on small saving schemes may hinder effective monetary transmission   Lowering of CRR & SLR requirements may help ensure effective monetary transmission   Select the correct answer using the codes given below :   A) 1 & 3   B) 2 & 3   C) 1 & 2   D) 1,2,3   Ans. D   Monetary Transmission : – It refers to the process by which a central bank’s monetary policy decisions are passed on to the financial markets   -Rising Non performing Assets & higher returns on small saving schemes may hinder effective monetary transmission   -Lowering of CRR & SLR requirements may help ensure effective monetary transmission      MOCK Q.516 – FRAMED FROM THE HINDU   Q.4 Debt Recovery Tribunals were established under the Recovery of Debts Due to Banks & Financial Institutions Act,1993. With reference to the Debt Recovery Tribunals (DRT) consider the following statements :   DRT is presided over by presiding officer who is generally a judge of the rank of district & session judge   DRT is fully empowered to pass comprehensive orders like civil courts   Tribunal can hear cross suits , counterclaims & allow set offs   Select the correct answer using the codes given below :   A) Only 2   B) 1 & 3   C) 2 & 3   D) 1,2,3   Ans. D   Debt Recovery Tribunals were established under the Recovery of Debts Due to Banks & Financial Institutions Act,1993   -DRT is presided over by presiding officer who is generally a judge of the rank of district & session judge   -DRT is fully empowered to pass comprehensive orders like civil courts   -Tribunal can hear cross suits , counterclaims & allow set offs      MOCK Q.515 – FRAMED FROM THE HINDU   Q.5 Which among the following is not the function of the Asset Rehabilitation Agency that has been recommended by the Economic Survey 2017 ?   A) The agency will sell assets of loss making PSUs & will collect the payments due towards electricity boards   B) The agency take over the NPAs from the banks for a fixed cost , which is less than NPA amount   C) The agency will issue security receipts for fixed interest rate & will raise the money   D) NPA is transferred to the ARC along with any security pledged while taking loan   Ans. A   `   Asset reconstruction companies or Public Asset Rehabilitation Agencies acquire bad loans from any bank or financial institution for the purpose of realization of such loans

Q.1 Which among the following constitutes the Non-tax revenues of the government ?   Interest payments   Union Excise duties   Grants-in aid for creation of capital assets   How many of the above are correct   A) Only one   B) Only two   C) All three   D) None   Ans. D   EXPENDITURES OF THE GOVERNMENT : Interest payments Grants-in aid for creation of capital assets 3.Revenue Expenditure Capital Expenditure   NON TAX REVENUE : 1.Interest receipts Dividents & Profits External Grants Other non-tax revenues Receipts of union territories   COPYRIGHT FRAMED QUESTION Q.582 FOR UPSC, UPPCS, UKPCS, EPFO/APFC  FRAMED FROM WIKEPDIA   Q.2 With reference to Economic curves, Consider the following :   Kuznets curve : Shows that states lower tax rates boosts economic growth   Laffer curve : Shows the relationship between economic growth & inequality   Lorentz curve : It is a graph depicting of income inequality or wealth inequality   How many of the above are correct   A) Only one   B) Only two   C) All three   D) None   Ans. A   3RD STATEMENT IS CORRECT   Kuznets curve : Shows the relationship between economic growth & inequality Laffer curve : Shows that states lower tax rates boosts economic growth Lorentz curve : It is a graph depicting of income inequality or wealth inequality COPYRIGHT FRAMED QUESTION Q.573 FOR EPFO/APFC  FRAMED FROM WIKEPDIA   Q.3 With reference to the Pradhan Mantri Laghu Vyapari Mandhan Yojana, consider the following statements :   Minimum monthly pension of Rs. 3000 per month after attaining the age of 60 yearsto shopkeepers , retail traders & self employed person   To be eligible ,the applicants should be covered under the National Pension Scheme   Select the correct answer using the codes given below :   A) Only 1   B) Only 2   C) Both are correct   D) Both are incorrect   Ans. A   Pradhan Mantri Laghu Vyapari Mandhan Yojana 2019 : Minimum monthly pension of Rs. 3000 per month after attaining the age of 60 yearsto shopkeepers , retail traders & self employed person To be eligible ,the applicants should not be covered under the National Pension Scheme     COPYRIGHT FRAMED QUESTION Q.572 FOR EPFO/APFC  FRAMED FROM WIKEPDIA   Q.4 With reference to the Premium rates of Pradhan Mantri Fasal Bima Yojana , which among the following is/are correctly matched ?   Rabi 2% of Sum Insured   Kharif 1.5% of Sum Insured   Kharif & Rabi 5 % of Sum Insured   Select the correct answer using the codes given below :   A) Only 1   B) Only 2   C) Only 3   D) All are incorrect   Ans. C   Rabi 1.5% of Sum Insured Kharif 2% of Sum Insured Kharif & Rabi 5 % of Sum Insured     COPYRIGHT FRAMED QUESTION Q.571 FOR EPFO/APFC  FRAMED FROM WIKEPDIA   Q.5 With reference to the Insurance, What is Floater Policy ?   A) A policy under the farms of which protection follows movable property , covering it wherever it may be   B) A policy designed to reimburse property owners from loss due to defined peril of flood   C) A policy provides all risk coverages , subject to reasonable exclusions for valuabe items such as furs, jewellery, Cameras   D) All of the above   Ans. A   Floater Policy :A policy under the farms of which protection follows movable property , covering it wherever it may be   Flood Insurance : A policy designed to reimburse property owners from loss due to defined peril of flood   Personal Articles Floater : A policy provides all risk coverages , subject to reasonable exclusions for valuabe items such as furs, jewellery, Cameras   COPYRIGHT FRAMED QUESTION Q.569 FOR EPFO/APFC  FRAMED FROM WIKEPDIA   Q.6 With reference to the PM Shram Yogi Mandhan Yojana , consider the following statements :   Maximum contribution from the workers can’t exceed Rs. 2200   Monthly income of the worker should be below Rs. 10,000   Select the correct answer using the code given below :   A) Only 1   B) Only 2   C) Both are correct   D) Both are incorrect   Ans. D   -Maximum contribution from the workers can’t exceed Rs. 2400 -Monthly income of the worker should be below Rs. 15000 -It is available to unorganized workers between 18 to 40 yrs of age – Subscriber will receive a minimum assured pension of Rs. 3,000 per year after attaining age of 60 years     COPYRIGHT FRAMED QUESTION Q.568 FOR EPFO/APFC  FRAMED FROM WIKEPDIA   Q.7 Which among the following are included in Voucher ?   Cash Payment   Cash Receipt   Credit Transactions   Select the correct answer using the code given below :   A) Only 3   B) 2 & 3   C) 1 & 2   D) 1,2,3   Ans. D   Following comes under Voucher : Cash Payment Cash Receipt Credit Transactions COPYRIGHT FRAMED QUESTION Q.564 FOR EPFO/APFC  FRAMED FROM WIKEPDIA   Q.8 Which among the following is/are correctly matched :   LABOUR LAWS                     YEAR   Payment of Wages Act 1948   Workmen’s compensation Act 1923   Trade Union Act 1926   Select the correct answer using the codes given below :   A) 1 & 3   B) 2 & 3   C) Only 3   D) 1,2,3   Ans. B   Payment of Wages Act 1936 Workmen’s compensation Act 1923 Trade Union Act 1926     COPYRIGHT CHALLENGE QUESTION Q.563 FOR EPFO/APFC  FRAMED FROM WIKEPDIA   Q.9 With reference to the Minimum wages Act 1948,which among the following is/are the norm(s) for fixing the minimum wage :    Minimum food requirement of 2100 calories per average Indian adult   Cloth requirement of 72 yards per annum per family   Select the correct answer using the codes given below :   A) Only 1   B) Only 2   C) Both are correct   D) Both are incorrect