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Instruction:

  • Total number of questions : 10.
  • Total Marks 30
  • Time alloted : 8 minutes.
  • Each question carry 3 mark, and there is a negative marking of 1 mark for each wrong question.
  • DO NOT refresh the page.
  • All the best :-).

1.

With reference to the Green Revolution and Second Green Revolution, consider the following statements:

  1. While the first one focussed only on food crops; the latter includes whole agricultural sector.
  2. While the former was confined mainly to North-western India; the latter is focussed on rain-fed eastern part of the country.

Which of the statements given above is/are correct?
A.
1 Only
B.
2 only
C.
both 1 and 2
D.
Neither 1 nor 2.

Your Answer: Option (Not Answered)

Correct Answer: Option C

Explanation

  • Unlike Green Revolution which focussed on only five food grains- wheat, rice, maize, jowar and bajrathe second green revolution includes whole agricultural sector within its ambit. Hence, it is also called the Rainbow Revolution. (statement 1 is correct)
  • Emphasizing on the need to move on this path more vigorously in coming years, the benefits of the Green Revolution, launched in mid-1960s, were mainly confined to certain areas. it was not successful in rainfed areas, which contribute about 60% of the country's total food-grain production. The government therefore, now focusing more on bringing the second Green Revolution in eastern region, which has rich water resources. (statement 2 is correct)

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    2.

    Consider the following statements regarding Hybrid Annuity Model (HAM) introduced by government to revive PPP in highway construction:

    1. It is a mix of engineering, procurement and construction (EPC) and buildoperate-transfer (BOT) formats.
    2. Under the model, government agencies will be responsible for revenue collection.
    3. The government and the private companies will share the total project cost in the ratio of 40:60 respectively.
    Select the correct answer.
    A.
    1 only
    B.
    1 and 2
    C.
    2 and 3
    D.
    1,2 and 3

    Your Answer: Option (Not Answered)

    Correct Answer: Option D

    Explanation

    ⇒ In India, the new HAM is a mix of BOT Annuity and EPC models. (Statement 1 is correct). As per the design, the government will contribute to 40% of the project cost in the first five years through annual payments (annuity). The remaining payment will be made on the basis of the assets created and the performance of the developer. Here, hybrid annuity means the first 40% payment is made as fixed amount in five equal installments whereas the remaining 60% is paid as variable annuity amount after the completion of the project depending upon the value of assets created. (Statement 3 is correct)
    ⇒ As the government pays only 40%, during the construction stage, the developer should find money for the remaining amount. Here, he has to raise the remaining 60% in the form of equity or loans.
    ⇒ There is no toll right for the developer. Under HAM, Revenue collection would be the responsibility of the National Highways Authority of India (NHAI). (Statement 2 is correct)
    ⇒ Advantage of HAM is that it gives enough liquidity to the developer and the financial risk is shared by the government. While the private partner continues to bear the construction and maintenance risks as in the case of BOT (toll) model, he is required only to partly bear the financing risk.
    ⇒ Government's policy is that the HAM will be used in stalled projects where other models are not applicable.
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    3.

    Which of the following functions are performed by the MUDRA Bank?


    1. Encouraging women entrepreneurs
    2. Refinancing of scheduled banks which finance micro enterprises.
    3. Securitization of loan portfolio of banks.
    4. Accreditation of micro finance institutions.
    Select the correct answer.
    A.
    1 only
    B.
    1, 2 and 3
    C.
    2 and 4
    D.
    All the above

    Your Answer: Option (Not Answered)

    Correct Answer: Option D

    Explanation

    The funding support from MUDRA are of four types:
    ⇒ Micro Credit Scheme (MCS) for loans upto 1 lakh finance through MFIs.: Micro Credit Scheme is offered mainly through Micro Finance Institutions (MFIs), which deliver the credit upto Rs.1 lakh, for various micro enterprise activities. Although, the mode of delivery may be through groups like SHGs/JLGs, the loans are given to the individuals for specific income generating micro enterprise activity.
    ⇒ Refinance Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Scheduled Co-operative Banks: Different banks like Commercial Banks, Regional Rural Banks and Scheduled Cooperative Banks are eligible to avail of refinance support from MUDRA for financing micro enterprise activities. 4 www.visionias.in ©Vision IAS
    ⇒ Women Enterprise programme: In order to encourage women entrepreneurs the financing banks / MFIs may consider extending additional facilities, including interest reduction on their loan. At present, MUDRA extends a reduction of 25bps in its interest rates to MFIs / NBFCs, who are providing loans to women entrepreneurs.
    ⇒ Securitization of loan portfolio: MUDRA also supports Banks / NBFCs / MFIs for raising funds for financing micro enterprises by participating in securitization of their loan assets against micro enterprise portfolio, by providing second loss default guarantee, for credit enhancement and also participating in investment of Pass Through Certificate (PTCs) either as Senior or Junior investor.
    In addition to it, accreditation / rating of MFI entities is one of the roles earmarked for MUDRA. Hence all the given functions are performed by Mudra Bank.
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    4.

    With reference to the recently approved 'Indian Enterprise Development Service' (IEDS), considers the following statements.

    1. It is under the aegis of Ministry of Micro, small and medium Enterprises (MSME).
    2. This service would help to realize the vision of Start-up India and Make in India.
    3. It has been created as an All India Service created by an act of Parliament.

    Select the correct answer below.
    A.
    1, only
    B.
    1 and 2 only
    C.
    1, and 3
    D.
    2 and 3

    Your Answer: Option (Not Answered)

    Correct Answer: Option B

    Explanation

    Indian Enterprise Development Service (IEDS):
    ⇒ The Government of India approved cadre review and formation of the Indian Enterprise Development Service (IEDS) in the Office of the Development Commissioner, Ministry of Micro, Small and Medium Enterprises.
    ⇒ The creation of the new cadre and change in structure will not only strengthen the organization but will also help to achieve the vision of "Startup India", "Stand-up India" and "Make in India".
    ⇒ The Service has been created by absorbing 11 trades/services, recruitment to which had been done differently, following different rules. These will be established through an executive order not by the act of parliament.
    ⇒ All these trades were created in the 1950s and 1960s when industries got developed under the regulation regime.
    ⇒ The Indian Enterprise Development Service, to start with, will have a cadre strength of 617 officers, 6 of which will be at the level of joint secretaries
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    5.

    The term 'Bad Bank', often seen in news, refers to a bank:

    A.
    facing liquidity crisis as a result of bad loans.
    B.
    dedicated towards financing the needs of badly performing sectors of the economy.
    C.
    that buys the bad loans from other banks to free up their books for fresh lending.
    D.
    that fails to meet its Cash Reserve Ratio (CRR) obligations

    Your Answer: Option (Not Answered)

    Correct Answer: Option C

    Explanation

    ⇒ A bank set up to buy the bad loans of a bank with significant nonperforming assets. By transferring the bad assets of an institution to the bad bank, the banks clear their balance sheet of toxic assets but would be forced to take write downs.
    ⇒ The problem of non-performing assets in Indian banks particularly the PSBs has assumed large proportions. In this light a suggestion is the formation of a Bad Bank
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    6.

    With reference to e-tourist visa (e-TV) facility launched by the Government of India recently, consider the following statements:

    1. It enables visitors to apply and get approval for Indian Visa online without visiting the Indian mission.
    2. It is valid only for short term duration stay of 30 days from the date of arrival in India.
    Which of the statements given above is/are correct?
    A.
    1 only
    B.
    2 only
    C.
    1 and 2
    D.
    neither 1 nor 2

    Your Answer: Option (Not Answered)

    Correct Answer: Option C

    Explanation

    ⇒"e-TV" stands for the tourist visa facility launched for the citizens of 113 countries at 16 airports to give a fillip to the travel and tourism sector.
    ⇒ The e-Tourist Visa enables the prospective visitor to apply for an Indian Visa from his/her home country online without visiting the Indian Mission and also pay the visa fee online (statement 1 is correct). Once approved, the applicant receives an email authorizing him/her to travel to India and he/she can travel with a print out of this authorisation. On arrival, the visitor has to present the authorisation to the immigration authorities who would then stamp the entry into the country.
    ⇒ This facility is available to Foreigners whose sole objective of visiting India is recreation, sight-seeing, short duration medical treatment, casual business visit, etc. and not valid for any other purpose/activities. This will allow entry into India within 30 days from the date of approval of e-Tourist Visa and will be valid for 30 days stay in India from the date of arrival in India. (statement 2 is correct). The e-Tourist Visa cannot be availed more than twice in a calendar year. The facility will encourage people to travel with short-term planning, take via routes while travelling to other countries and bring family members while on business visits.
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    7.

    With reference to Multilateral Investment Guarantee Agency, consider the following statements:

    1. It aims to promote foreign direct investment into developing countries.
    2. It is a member of world bank group.
    3. It issued first rupee denominated masala bonds.

    Which of the statements given above is/are correct?
    A.
    1 only
    B.
    1 and 2
    C.
    2 and 3
    D.
    1, 2 and 3

    Your Answer: Option (Not Answered)

    Correct Answer: Option B

    Explanation

    ⇒ Statement 1 is correct: The mission of Multilateral Investment Guarantee Agency, is to promote foreign direct investment (FDI) into developing countries to help support economic growth, reduce poverty, and improve people's lives. MIGA insures cross-border investments made by investors in any MIGA member country into a developing member country.
    ⇒ Statement 2 is correct: MIGA is a member of the World Bank Group.
    ⇒ Statement 3 is not correct: International Finance Corporation (IFC) issue India's first masala bonds to tap in foreign funding in local currency.
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    8.

    Which of the following countries/union are part of negotiations for Trans-Atlantic Trade and Investment Partnership (TTIP) Agreement?

    1. USA
    2. European Union
    3. South Africa
    4. Brazil

    Which of the statements given above is/are correct?
    A.
    1 and 2
    B.
    3 and 4
    C.
    1 , 2 and 4
    D.
    All the above

    Your Answer: Option (Not Answered)

    Correct Answer: Option A

    Explanation

    TTIP is a Mega Regional Agreement being negotiated between USA and EU. When concluded, it will be a PTA between the United States and the European Community of 27 member states and representing "30 percent of global merchandise trade, about 40 percent of world trade in services, and nearly half of global GDP".
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    9.

    Biotech-KISAN, a programme to improve farmers’ lives through science, is an initiative of
    A.
    Ministry of Agriculture & Farmers Welfare
    B.
    Ministry of Science & Technology
    C.
    Ministry of Rural development
    D.
    NITI Aayog

    Your Answer: Option (Not Answered)

    Correct Answer: Option B

    Explanation

    As a part of the Government's focus on the development of programmes that aim to directly and positively impact people's lives rapidly, the Ministry of Science and Technology has been at the forefront in many such initiatives. Two Farmer-Centric initiatives of this Ministry are Biotech-KISAN and Cattle Genomics. The Scheme is for farmers, developed by and with farmers, it empowers women, impacts locally, connects globally, is Pan-India, has a hub-and spoke model and stimulates entrepreneurship and innovation in farmers
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    10.

    Hangzhou consensus, recently seen in news in the context of G20, is related to: . ?
    A.
    tackling international terrorism.
    B.
    addressing climate change and its effects.
    C.
    inclusive and innovation-led economic growth
    D.
    safeguarding the rights of refugees and migrants.

    Your Answer: Option (Not Answered)

    Correct Answer: Option C

    Explanation

    "Hangzhou Consensus" calls on the G20 to deliver more inclusive economic growth through coordinated macroeconomic policy, open trade and innovation. In short, it reaffirms the group's core mandate: to make globalisation work for the benefit of all.
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