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, Health care, Telecom, Logistics, Media, Management services, ITeS
and Apparel.
More sectors would be added over time with emerging apprenticeship demand.
MOCK Q.405- FRAMED FROM “THE HINDU”
Q.7 With reference to the Pradhan Mantri Kisan Samman Nidhi Yojana, consider the following statements :
1. It will provide assured income to all Institutional Land holders of Rs 6000 per year
2. It is based on providing guaranteed amount of Rs. 1000/- or Rs.2000 per hectare in case of drought or loss of crop by the animals
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 Pradhan Mantri Kisan Samman Nidhi will provide assured income to small and marginal farmers.
• All Small and Marginal Farmers (SMF) with 2 hectares of cultivable land will be provided income
support of Rs 6000 per year.
• The amount will be transferred directly into their account in 3 equal installments.
• The complete expenditure of Rs 75000 crore for the scheme will borne by the Union Government in
2019-20.
• Over 12 crore farmer families will be benefitted under the scheme.
The scheme is being implemented with effect from December 2018.
The following categories of beneficiaries of higher economic status shall not be eligible for benefit under the scheme.
(A) All Institutional Land holders.
(B) Farmer families in which one or more of its members belong to following categories:
1. Former and present holders of constitutional posts.
2. Former and present Ministers/ State Ministers and former/present Members of LokSabha/ RajyaSabha/ State Legislative Assemblies/ State Legislative Councils,former and present Mayors of Municipal Corporations, former and present Chairpersons of District Panchayats.
3. All serving or retired officers and employees of Central/ State Government Ministries /Offices/Departments and its field units Central or State PSEs and Attached offices /Autonomous Institutions under Government as well as regular employees of the Local Bodies (Excluding Multi Tasking Staff /Class IV/Group D employees).
4. All superannuated/retired pensioners whose monthly pension is ₹10,000/-or more (Excluding Multi Tasking Staff / Class IV/Group D employees) of above category.
5. All Persons who paid Income Tax in last assessment year.
6. Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and carrying out profession by undertaking practices.
MOCK Q.401- FRAMED FROM “The Hindu”
Q.8 Consider the following statements :
1. Origin of Bitcoin is virtually anonymous & is not monitored by any Central bank or Government
2. Anyone with a bitcoin address can send & receive bitcoins from anyone else with a bitcoin address
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
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without
a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin
network without the need for intermediaries.
Transactions are verified by network nodes through cryptography and recorded in a public distributed
ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name
Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a
process known as mining. They can be exchanged for other currencies, products, and services.
Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million
unique users using a cryptocurrency wallet, most of them using bitcoin.
Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption,
price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble.
Bitcoin has also been used as an investment, although several regulatory agencies have issued investor
alerts about bitcoin.
MOCK Q.391 – FRAMED FROM “IUCN WEBSITE
Q.9 With reference to the “Least Developed Countries Fund”, consider the following statements:
1. This fund has been initiated in 2002 by the The Global Environment Facility (GEF)
2. Adaptation & Mitigation are one of the area of focus of this fund
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
This fund has been initiated in 2002 by the The Global Environment Facility (GEF)
Adaptation is one of the area of focus of this fund
MOCK Q.386 – FRAMED FROM “THE HINDU”
Q.10 With reference to the Initial Coin Offerings (ICO), consider the following statements :
1. It is like Initial Public Offer that refers to the issue of cryptocurrency in consideration of funds received from investors
2. 1.7 billion $ has been raised globally through ICOs between 2014 & 2017
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
2.7 billion $ has been raised globally through ICOs between 2014 & 2017
– An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies
Mostly the process is done by crowdfunding but private ICO’s are becoming more common. In an ICO, a
quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in
exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum. The tokens sold are
promoted as future functional units of currency if or when the ICO’s funding goal is met and the
project launches. In some cases like Ethereum the tokens are required to use the system for its purposes.
An ICO can be a source of capital for startup companies
