ANSWER KEY GYANKIT MINI MOCK- 2001-3

ANSWER KEY GYANKIT MINI MOCK- 2001-3

51. Which of the following pair(s) is/are correctly matched? 1. Inferior Goods: As the consumer income rises, the demand of the product decreases. 2. Giffen Goods: As the price of good increases, the demand for it increases. 3. Normal Goods: As the consumer income rises, the demand of the product rises. Select the correct answer using the code given below. (a) 3 only (b) 1 only (c) 2 only (d) 1, 2 and 3

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52. Which of the following do not have an intrinsic value? 1. Fiat Money 2. Gold or Silver coin Which of the statement(s) given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2

Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on the faith and credit of the economy. Most modern paper currencies are fiat currencies; they have no intrinsic value and are used solely as a means of payment.

53. What are the indicators used for calculating the modified Human Development Index (HDI) ? 1. Life expectancy at Birth 2. Expected years of schooling for a school age child 3. Adult Literacy rate 4. Gross National Income (GNI) per capita Select the correct answer using the code given below. (a) 1, 2 and 4 only (b) 1, 3 and 4 only (c) 1 and 2 only (d) 1, 2, 3 and 4

UNDP calculates the HDI. They are 1) A long and healthy life: Life expectancy at birth 2) Education index: Mean years of schooling and Expected years of schooling 3) A decent standard of living: GNI per capita

54. With reference to the Geographical Indications (GI) tag, consider the following statements: 1. GI is governed by World Bank Group. 2. It helps consumers to get quality products of desired traits 3. A sweet delicacy ‘Sitabhog’ belonging to Orrisa is being planned for GI tag by Orissa government. Which of the statement(s) given above is/are correct? (a) 1 and 2 only (b) 2 only (c) 1 and 3 only (d) 1, 2 and 3

Sitabhog’ belonging to West Bengal

55. With reference to the Green Revolution in India, consider the following statements: 1. Green revolution ensured that there was no regional disparity. 2. There was increase in production of all the food grains and commercial crops. 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

The Green Revolution strategy was based on intensification of production of food grains in favorable area. The major direct effect of the green revolution has been the sharp increase in agricultural production. As a result of new agricultural strategy, food grains (Rice, Wheat, Maize, Millets and Pulses)

56. With reference to the government scheme PAHAL, consider the following statements: 1. It aims at direct benefit transfer for food subsidy to consumers. 2. Aadhar card is not mandatory to become a beneficiary of the scheme. Select the correct answer using the code given below. (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2

The PAHAL scheme is a direct benefit transfer scheme for LPG subsidy. Aadhar card is not mandatory to get benefit from the scheme

57. The Financial Stability Report (FSR) is released by: (a) Reserve Bank of India (b) Ministry of Finance (c) Ministry of Commerce and Industry (Indi(a) (d) None of the above.

The Reserve Bank of India releases the Financial Stability Report (FSR), a biannual publication. The FSR reflects the overall assessment on the stability of India’s financial system and its resilience to risks emanating from global and domestic factors

58. In the context of Indian economy, the Reserve Bank of India is known as the lender of last resort, because: (a) RBI only can lend money to the government in crisis. (b) RBI extends loans to ensure the solvency of the commercial banks. (c) RBI can resolve financial crisis in the country. (d) RBI helps the government to reply external debt

RBI stands by the commercial banks as a guarantor and extends loans to ensure the solvency

59. Which of the following is not correct? 1. The present strength of UPSC members including the Chairman is seven. 2. The member of any Public Service Commission cannot hold any gubernatorial office after the completion of his tenure. 3. The Chairman of any Public Service Commission cannot become Chairman of any other Public Service Commission on ceasing to hold office. Select the answer using the codes given below: (a)1 only (b)2 and 3 only (c)1 and 2 only (d)1, 2 and 3

1. Present strength is 6 (as on 18th Feb, 2017). 2. He can hold office of the Governor as held in case of Hargovind Pant. 3. If a member of State PSC retires at 62 years, he can be made a member and then the Chairman of UPSC upto 65 years

60. Consider the following statements relating to the power of the Parliament in establishing Administrative Tribunals. The Parliament may by law: 1. Provide for the adjudication of disputes with respect to recruitment of persons appointed to public service. 2. Specify the jurisdiction which may be exercised by the Administrative Tribunals. 3. Provide for the procedure to be followed by the Administrative Tribunals. 4. Exclude the jurisdiction of all courts, except the jurisdiction of the Supreme Court under Article 136. Which of the statements given above are correct? (a) 1 and 2 only        (b) 2 and 3 only (c) 1, 2 and 3 only (d) 1, 2, 3 and 4

First three statements are correct under Article 323A but the fourth statement has been held to be unconstitutional and void by the Supreme Court in L. Chandra Kumar case

61. The Constitutional Amendment in case of the Land Boundary Agreement between India and Bangladesh has changed the land boundaries of which of the following States of India? (a) Assam, West Bengal, Meghalaya and Tripura (b) Assam, West Bengal, Mizoram and Meghalaya (c) Assam, West Bengal, Mizoram and Tripura (d) Assam and West Bengal

SELF EXPLANATORY

62. In which of the following exclusive situations, the President can decide who shall preside over the next sitting of a House of the Parliament? 1. If the offices of Speaker and Deputy Speaker of the Lok Sabha fall vacant. 2. Simultaneous absence of the Chairman and Deputy Chairman of the Rajya Sabha. 3. Resignation of the Vice President who is the ex-officio Chairman of Rajya Sabha. 4. Simultaneous absence of the Speaker and the Deputy Speaker of Lok Sabha. Select the correct answer using the codes given below: (a)2 and 4 only (b)1 only (c)2, 3 and 4 only (d)1, 2 and 3 only

Refer Article 91 and 95. As given in statement No. 3, resignation of Vice President leads to the situation wherein Deputy Chairman of the House will preside over the next sitting.

63. Which of the following symbols are protected under The Prevention of Insults to National Honour Act, 1971? 1. National Flag of India 2. Constitution of India 3. State Emblem of India 4. National Anthem Select the correct answer using the codes given below: (a)1, 2 and 3 only (b)1, 2 and 4 only (c)1, 3 and 4 only (d)1, 2, 3 and 4

SELF EXPLANATORY

64. Any dispute relating to election of the Prime Minister or the Speaker of the Lok Sabha is to be determined only by (a)The Supreme Court (b)The High Court (c)The Election Commission of India (d)The House itself

Any dispute relating to election of the Prime Minister or the Speaker of the House of the People of the Parliament is to be determined only by an election petition before the High Court, according to the Representation of Peoples’ Act, 1951

65. Consider the following: 1. Chenab 2. Sutlej 3. Beas Which of the above river(s) flow(s) through Punjab in India? (a)2 only (b)2 and 3 only (c)1 and 3 only (d)1, 2 and 3

The Chenab river originates in Himachal Pradesh, passes through Jammu and Kashmir and thereafter enters Pakistan

66. Consider the following statements: 1. The Headquarters of the Organization of Petroleum Exporting Countries (OPEC) is located at Geneva. 2. Venezuela is the only country from South America which is a member of the OPEC. Which of the statement/s given above is/are correct? (a)1 only (b)2 only (c)Both 1 and 2 (d)Neither 1 nor 2

The Headquarters of Organization of Petroleum Exporting Countries (OPEC) is at Vienna, Austria. Other than Venezuela, Ecuador is also a member of OPEC from South America

67. Consider the following: 1. Ramganga – Jim Corbett National Park. 2. Ken – Panna Tiger Reserve 3. Periyar – Silent Valley National Park 4. Teesta – Kaziranga National Park Which of the rivers and National Parks/Tiger Reserves are correctly matched? (a)1, 2 and 3 only (b)1 and 2 only (c)2, 3 and 4 only (d)1, 2, 3 and 4

Ramganga – Jim Corbett National Park Ken – Panna Tiger Reserve Kuntipuzha – Silent Valley National Park Brahmaputra – Kaziranga National Park

68. Consider the following parts of spectra: 1. Infrared 2. Microwave 3. Visible 4. X-ray 5. Radiowave Which one of the following is the correct sequence in which their wavelengths increase? (a)3-5-2-1-4 (b)4-3-1-2-5 (c)5-3-2-1-4 (d)5-2-3-4-1

69. Consider the following statements: 1. Baking soda is used in fire extinguisher. 2. Phenol and formaldehyde are polymerized resulting in a product known as Teflon. 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

Phenol and formaldehyde are polymerized to get Bakelite.

70. Consider the following: 1. Lymph vessels 2. Liver 3. Spleen 4. Thymus Which of the above comprise the lymphatic system? (a)1, 2 and 3 (b)1, 3 and 4 only (c)1 only (d)4 only

The lymphatic system primarily consists of lymphatic vessels, which are similar to the circulatory system's veins and capillaries. The vessels are connected to lymph nodes, where the lymph is filtered. The tonsils, adenoids, spleen and thymus are all part of the lymphatic system.

71. Who will be honoured with the 2017 Indira Gandhi Prize for Peace, Disarmament and Development? (a) Raghuram Rajan (b) Mamata Banerjee (c) Manmohan Singh (d) Pranab Mukherjee

Dr Manmohan Singh, the former Prime Minister of India, will be honoured with the 2017 Indira Gandhi Prize for Peace, Disarmament and Development for his leadership of the country between 2004 and 2014 and for enhancing India’s stature globally.

72. Where is the headquarters of the Indian Institute of Rice Research (IIRR)? (a) Lucknow (b) Jabalpur (c) Bikaner (d) Hyderabad

SELF EXPLANATORY

73. The 2017 Sangai Festival has started in which state? (a) Tripura (b) Odisha (c) Manipur (d) Rajasthan

The festival will reflect the State’s proud cultural heritage and the love for art which is inherent amongst various tribes inhabiting the State of Manipur

74. Which of the following Indian states will jointly organize a security exercise ‘Sagar Kavach’ on coastline? (a) Assam and Odisha (b) Odisha and West Bengal (c) Karnataka and West Bengal (d) Karnataka and Kerala

To strengthen coastal security mechanism along the 630 km long coastline. It is a real-time security exercise, which will be conducted with an aim to check the efficacy of the security parameters and preparedness of various security forces.