For regular updates Like our Page : facebook/synergyias/likes G.S MODEL TEST ANSWER with Explanation (TEST-1) 1. D • Solution: A Foreign investment of 10 per cent or more in a listed company will now be treated as FDI and an investment less than 10 per cent will be treated as FII. The committee has suggested that foreign investment in an unlisted company, irrespective of the threshold limit, may be treated as FDI. The other two statements are correct. 2. B • Solution: Subsidies are added to the GDP at market price. Indirect taxes and depreciation are subtracted. Net Domestic Product at market price = Gross Domestic Product at market price – Depreciation Net Domestic Product at factor cost = Net Domestic Product at market price - indirect taxes + subsidies. 3. C • Solution: It is in State economy that, the resources are utilized efficiently to produce socially useful goods without taking the profit margin into account. Production is increased by avoiding wastes of competition. Capitalism creates extreme inequalities in income and wealth. The producers, landlords, traders reap huge profits and accumulate wealth. Thus the rich become richer and the poor poorer. Capitalism encourages mechanization and automation. This will result in unemployment particularly in labour surplus economies. Inequality leads to monopoly. Mega corporate units replace smaller units of production. They ultimately emerge as multinational corporations (MNCs) or transnational corporations (TNCs). 4. B • Solution: The inflation rate is based on the final combined Consumer Price Index [(CPI) base: 2010=100]. The other two statements are correct. The fixed rate of 1.5% would act as a floor, which means that 1.5% per annum interest rate is guaranteed if there is deflation. If inflation rate is -5%, then interest rate should be -3.5% by simple calculation. But in such case, negative inflation will not be recognised and investors would get fixed rate of 1.5%. 5. D • Solution: With a rank of 136, India is under the medium human development category. Among the South Asian countries, the ranks are: Pakistan and Bangladesh - 146, Sri Lanks - 92 and Nepal - 157. 6. D • Solution: All the given statements are correct regarding the monitorable targets of 12th Five year plan. 7. D • Solution: The act replaces the Land Acquisition Act, 1894. The compensation for the owners of the acquired land shall be four times the market value in case of rural areas and twice in case of urban areas. The consent of up to 80 per cent of people is required when the land is acquired for private projects and of 70 per cent of the landowners in the case of public-private partnership projects. The provisions of this act shall not apply to acquisitions under 16 existing legislations including the Special Economic Zones Act, 2005, the Atomic Energy Act, 1962, the Railways Act, 1989, etc. 8. D • Solution: The Minimum Support Prices (MSP) for important agricultural commodities is recommended by the Commission for Agricultural Costs and Prices (CACP) and fixed by the government. A minimum support prices is declared by government, normally at the beginning of sowing season for every important agricultural commodity. Procurement Price is the price at which government purchases agricultural products from the farmers to maintain its stocks for PDS (Public distribution system). Procurement prices can be more than MSP but not less than it. 9. B • Solution: Blue box subsidy is also called as “Amber box with conditions” - conditions designed to reduce distortion. The other two pairs are correctly matched. • Green Box: Non (or minimal) trade distorting subsidies; they have to be government funded and must not involve price support; they tend to be programmes that are not targeted at particular products and include direct income supports for farmers that are not related to current production levels or prices; they also include environmental protection and regional developmental programmes. • Amber Box: All domestic support measures considered production and trade fall into the amber box; these include measures to support prices, or subsidies directly related to production quantities; these supports are subject to limits which are allowed: 5% of total production for developed countries, 10% for developing countries. • Blue Box: This is the “amber box with conditions” – conditions designed to reduce distortion; any support that would normally be in the amber box, is placed in the blue box if the support also required farmers to limit production; at present there are no limits on spending on blue box subsidies. 10. B • Solution: Stamp duty is an indirect tax. Fringe benefit tax, capital gains tax and securities transaction tax are direct taxes. 11. A 12. A 13. D • Leads to higher soil carbon content, thus helps in combating climate change. 14. B 15. B 16. A 17. D 18. A 19. C • Solution: As per the formula, after the war, the “entire populations” of North west and north east to decide by a plebiscite, on formation of separate sovereign state. This was objected by Jinnah. He wanted only the muslims to vote in the plebiscite. 20. D • Solution: All the given options are the reasons behind the discontent among the sepoys. 21. B • Solution: Raja Ram Mohan Roy strongly believed in monotheism. He wrote Gift to monotheists and translated into Bengali the Vedas and Upanishads to prove his conviction that ancient Hindu texts support monotheism. 22. D • Solution: All the given options are the reasons behind the shift in league’s position, which subsequently led to Lucknow pact. 23. A • Solution: East India Association was organized by Dadabhai Naoroji and Surendranath Banerjee was associated with the Indian association of Calcutta. 24. C • Solution: In Morley Minto reforms, the separate electorate is granted only for muslims. Anglo Indians were granted separate electorate in 1919. 25. C • Solution: A famine had struck the Kheda district and a large part of Gujarat, and virtually destroyed the agrarian economy. The poor peasants had barely enough to feed themselves, but the British government of the Bombay Presidency insisted that the farmers not only pay full taxes, but also pay the 23% increase stated to take effect that year. Gandhiji to part in the Satyagraha and demanded the remission from paying revenue by the farmers. 26. C • Solution: Provincial autonomy was demanded by Jinnah under his fourteen demands. The other recommendations are correct. 27. A • Solution: The correct chronological order is: August offer – Individual Satyagraha – Cripps mission – AICC meeting at Gowalia tank Bombay. • The AICC meeting at Gowalia tank Bombay is important since, the Quit India movement is ratified at this meeting. 28. B • Solution: It recommended for teaching in vernacular at school levels and English for higher studies. The other statements are correct. 29. D • DNA fingerprinting, also called DNA typing, in genetics, method of isolating and making images of sequences of DNA (deoxyribonucleic acid). The technique was developed in 1984 by the British geneticist Alec Jeffreys, after he noticed the existence of certain sequences of DNA (calledminisatellites) that do not contribute to the function of a gene but are repeated within the gene and in other genes of a DNA sample. Jeffreys also determined that each organism has a unique pattern of these minisatellites, the only exception being multiple individuals from a single zygote (e.g., identical twins). 30. A • Bt cotton is a genetically modified variety of cotton producing an insecticide. It is produced by Monsanto. It is supplied in Indias Maharashtra state by the agri-biotechnology company, Mahyco, as the distributor. The bacterium Bacillus thuringiensis (Bt) is a family of over 200 different proteins which naturally produce chemicals harmful to selective insects, most notably the larvae of moths and butterflies, beetles, cotton bollworms and flies, and harmless to other forms of life . The gene coding for Bt toxin has been inserted into cotton, causing cotton to produce this natural insecticide in its tissues. In many regions, the main pests in commercial cotton are lepidopteran larvae, which are killed by the Bt protein in the transgenic cotton they eat. This eliminates the need to use large amounts of broad-spectrum insecticides to kill lepidopteran pests (some of which have developed pyrethroid resistance). This spares natural insect predators in the farm ecology and further contributes to noninsecticide pest management. 31. D 32. C Weighing in at around 3 pounds, the liver is the body’s second largest organ; only the skin is larger and heavier. The liver performs many essential functions related to digestion, metabolism, immunity, and the storage of nutrients within the body. These functions make the liver a vital organ without which the tissues of the body would quickly die from lack of energy and nutrients. 33. C • India has not only mastered the complex technology of heavy water production making it self-reliant, but also exports high quality heavy water to countries like Republic of Korea and the United States. Heavy Water (D2O) is a compound of an isotope of hydrogen called heavy hydrogen or Deuterium (D) and oxygen. Heavy water reactors use heavy water as a neutron moderator. 34. B 35. C • biocatalysts a chemical, esp an enzyme, that initiates or increases the rate of a biochemical reaction. 36. B • If you leave the door open, heat is merely recycled from the room into the refrigerator, then back into the room. A net room temperature increase would result from the heat of the motor that would be constantly running to move energy around in a circle. It would be like hooking up a water pump to remove water from your basement and routing the discharge tube back to the basement. 37. A • Aluminium Sulfate, Shortly known as Alum, when added to raw water reacts with the bicarbonate alkalinities present in water and forms a gelatinous precipitate. This floc attracts other fine particles and suspended material in raw water, and settles down at the bottom of the container. The water over this sediment is almost clean other than some fine particles dissolved in it. • Alum is in a crystallized form which you can powder and store in a clean glass container. 38. A 39. D 40. D 41. D 42. B • A member of the Union Council of Ministers can be either elected or nominated member of the Parliament. 43. C 44. A • The healthy convention of the Speaker resigning from the membership of party followed in Britain, has not been fully established in India. 45. C 46. b • The Constitution does not lay down any grounds for the removal of the governor. • A governor holds office for a term of five years subject to the pleasure of the President. 47. D 48. D 49. C 50. A 51. C 52. D • Solution: The conditions for a PSE to be declared as Maharatna are: • Having ‘Navratna’ status. • Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations. • An average annual turnover of more than Rs. 25,000 crore during the last 3 years. • An average annual net worth of more than Rs. 15,000 crore during the last 3 years. • An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years. • Should have significant global presence /international operations. 53. B • Solution: The sectoral contribution towards employment in India is: • Primary sector – 51 % • Secondary sector – 22 % • Tertiary sector – 27 % 54. C • Solution: Under the policy, government has set objective “to create an eco—system for a globally competitive ESDM (Electronic System and Design and Manufacturing) sector in the country to achieve a turnover of about USD 400 billion by 2020 involving investment of about USD 100 billion and employment to around 28 million people at various levels”. • Salient features of the policy are: • Provide incentives through Modified Special Incentive Package Scheme (M-SIPS) • Setting up of Semiconductor Wafer Fabrication facilities • Preferential market access to domestically manufactured electronic products • Provide incentives for setting up of 200 Electronic Manufacturing Clusters (EMCs) - setting up of greenfield EMCs and upgradation of brownfield EMCs • Establish a stable tax regime and market India as a destination to attract investments • Create a completely secure cyber ecosystem in the country • Implementation of e-waste (Management and Handling) Rules, 2011 • To set up National Electronic Mission 55. C • Solution: While revenue deficit is the difference between revenue receipts and revenue expenditure, the effective revenue deficit, excludes those revenue expenditures (or transfers) in the form of grants for creation of capital assets. 56. D • Solution: When CRR is increased, liquidity in the market decreases. Higher the ratio (i.e. CRR), the lower is the amount that banks will be able to use for lending and investment. Banks don’t hold CRR as cash with themselves, but deposit with Reserve Bank of India (RBI)/ currency chests, which is considered as equivalent to holding cash with RBI. CRR is fixed by RBI, not the government. 57. Answer [d] • Solution: It aims to achieve substantial transition to the new Internet Protocol - IPv 6, not IPv 4. 58. Answer [a] • Solution: In case of proportional taxation, the rate of taxation does not change as income changes. It stays a fixed % of ones income, irrespective of how high or low the income is. A progressive tax takes a larger percentage of income in taxes from the high-income group than it does from the low-income group. Regressive means going from high to low. It is a tax imposed in such a manner that the tax rate decreases as the amount of taxable income increases. The higher income group pays less in taxes than the lower income group. 59. D • Solution: Priority Sector includes the following categories: • Agriculture • Micro and Small Enterprises • Education • Housing • Export Credit • Others 60. D • Solution: Current account consists of the following components: Export, Import, interest payments, foreign investment in shares. Capital account consists of: external lending or borrowing, private remittances inflow or outflow, issuing of external bonds, etc 61. D • Solution: When a country joins the IMF, it is assigned an initial quota in the same range as the quotas of existing members of broadly comparable economic size and characteristics. The IMF uses a quota formula to help assess a member’s relative position. The current quota formula is a weighted average of • GDP (weight of 50 percent) • openness (30 percent) • economic variability (15 percent) • international reserves (5 percent) 62. D 63. A 64. C 65. B • These are old rivers. Hence, they have broad, largely graded shallow valleys. 66. B 67. A • All streams meander in all types of terrains, though the nature and magnitude vary. 68. D 69. A • Sal, siso, laurel, mahua etc are characteristic trees of moist deciduous forests. 70. D 71. D • Solution: Both Advaita and Vishishtadvaita schools believes in non-dualism i.e. only one reality. Dvaita School propagates the principles of dualism by theorizing the existence of two separate realities – Brahman and universe. Dvaitadvaita schools believes in he existence of three separate realities – Brahman, soul and matter. 72. B • Solution: In Hindustani music, the music instrument is given equal importance. But in Carnatic music, more importance is given to vocal music than instrument. 73. B • Solution: Putul Nautch of West Bengal is a form of Rod puppetry. Kundhei of Orissa is a form of string puppetry. 74. D • Solution: The Uttarabodhi mudra is called the mudra of supreme enlightenment. This mudra is formed with both hands placed at the heart; index fingers touching and pointing upwards, the other eight fingers intertwined.It is a hand gesture that clearly evokes a sense of unshaked unity within oneself in aligning with the One source. 75. D • Solution: Spotted red sand stone was used in Mathura school and White marble was used in Amaravati school. 76. D • Solution: The Trabeate order was replaced by arcuate architecture, not the vice versa. The other two statements are correct. 77. B • Solution: Bold outlines and vibrant colours are not characteristic of Pahari school. It is the characteristic of Rajasthani style. The other statements are correct. 78. D • Solution: Eight items from India are included in the representative list of Intangible Cultural Heritageof UNESCO. These are: • Chhau Dance, Eastern India (three distinct styles hail from Seraikilla, Purulia and Mayurbhanj) • Kalbelia folk songs and dances of Rajasthan • Mudiyettu, ritual theatre and dance form of Kerala • Navroz, Parsi new year festivity. It is celebrated on 21 March every year. • Ramman, religious festival and ritual theatre of Garhwal hills (Chamoli, Uttarakhand) • Kutiyattam, Sanskrit Theatre from Kerala • Ramlila, traditional performance of Ramayana • Tradition of Vedic chanting 79. C • Solution: Mohiniyattam is a classical dance form from Kerala. Odissi is characterized by various Bhangas (Stance), which involves stamping of the foot and striking various postures as seen in Indian sculptures.The common Bhangas are Bhanga, Abanga, Atibhanga and Tribhanga. 80. D • Solution: Ramman is practiced in Uttarakhand. Mudiyettu, Krishnattam, Theyyam and Kuttiyaattam are practiced in Kerala. 81. A 82. D 83. B 84. C 85. A • ulna-carpals-metacarpals-phalanges…. 86. B 87. D 88. A 89. D 90. D 91. C 92. B 93. B 94. B 95. B • All parts of India have temperature above the threshold to grow the crops or plants throughout the year. 96. A 97. D 98. A 99. B 100. C • Goal-line technology is a method used to determine when the ball has completely crossed the goal line with the assistance of electronic devices and at the same time assisting the referee in awarding a goal or not. The objective of goal-line technology (GLT) is not to replace the role of the officials, but rather to support them in their decision-making. The GLT must provide a clear indication as to whether the ball has fully crossed the line, and this information will serve to assist the referee in taking his final decision.
Posted on: Wed, 09 Jul 2014 09:24:01 +0000
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