Daily Questions Challenge for IAS PRE (CSAT) Exam (16 May 2015)

Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.

:: General Studies (Paper - 1) ::

1. What are the reasons for the people’s resistance to the introduction of Bt brinjal in India?

1. Bt brinjal has been created by inserting a gene from a soil fungus into its genome.
2. The seeds of Bt brinjal are terminator seeds and therefore, the farmers have to buy the seeds before every season from the seed companies.
3. There is an apprehension that the consumption of Bt brinjal may have adverse impact on health.
4. There is some concern that the introduction of Bt brinjal may have adverse effect on the biodiversity.

Select the correct answer using the codes given below:

(a) 1, 2 and 3 only
(b) 2 and 3 only
(c) 3 and 4 only
(d) 1, 2, 3 and 4

2. Other than resistance to pests, what are the prospects for which genetically engineered plants have been created?

1. To enable them to withstand drought
2. To increase the nutritive value of the produce
3. To enable them to grow and do photosynthesis in spaceships and space stations
4. To increase their shelf life

Select the correct answer using the codes given below:

(a) 1 and 2 only
(b) 3 and 4 only
(c) 1, 2 and 4 only
(d) 1, 2, 3 and 4

3. Consider the following statements :

The most effective contribution made by Dadabhai Naoroji to the cause of Indian National Movement was that he

1. exposed the economic exploitation of India by the British
2. interpreted the ancient Indian texts and restored the self-confidence of Indians
3. stressed the need for eradication of all the social evils before anything else

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

4. With reference to Dhrupad, one of the major traditions of India that has been kept alive for centuries, which of the following statements are correct?

1. Dhrupad originated and developed in the Rajput kingdoms during the Mughal period.
2. Dhrupad is primarily a devotional and spiritual music.
3. Dhrupad Alap uses Sanskrit syllables from Mantras.

Select the correct answer using the codes given below:

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 2 and 3
(d) None of the above is correct

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:: CSAT (Paper -2) ::

Financial markets in India have acquired greater depth and liquidity over the years. Steady reforms since 1991 have led to growing linkages and integration of the Indian economy and its financial system with the global economy. Weak global economic prospects and continuing uncertainties in the international financial markets therefore, have had their impact on the emerging market economies. Sovereign risk concerns, particularly in the Euro area, affected financial markets for the greater part of the year, with the contagion of Greece’s sovereign debt problem spreading to India and other economies by way of higher-than-normal levels of volatility. The funding constraints in international financial markets could impact both the availability and cost of foreign funding for banks and corporate. Since the Indian financial system is bank dominated, banks’ ability to withstand stress is critical to overall financial stability. Indian banks, however, remain robust, notwithstanding a decline in capital to risk-weighted assets ratio and a rise in non-performing asset levels in the recent past. Capital adequacy levels remain above the regulatory requirements. The financial market infrastructure continues to function without any major disruption. With further globalization, consolidation, deregulation, and diversification of the financial system, the banking business may become more complex and riskier. Issues like risk and liquidity management and enhancing skill therefore assume greater significance.

1. According to the passage, the financial markets in the emerging market economies including India had the adverse impact in recent years due to-

1. weak global economic prospects.
2. uncertainties in the international financial markets.
3. sovereign risk concerns in the Euro area.
4. bad monsoons and the resultant crop loss.

Select the correct answer using the code given below:

(a) 1 and 2 only
(b) 1,2 and 3
(c) 2 and 3 only
(d) 2,3 and 4

2. The Indian financial markets are affected by global changes mainly due to the-

(a) increased inflow of remittances from abroad
(b) enormous increase in the foreign exchange reserves
(c) growing global linkages and integration of the Indian financial markets
(d) contagion of Greece’s sovereign debt problem

3. According to the passage, in the Indian financial system, banks’ ability to withstand stress is critical to ensure overall financial stability because Indian financial system is-

(a) controlled by the Government of India
(b) less integrated with banks
(c) controlled by Reserve Bank of India
(d) dominated by banks

4. Risk and liquidity management assumes more importance in the Indian banking system in future due to—

1. further globalization.
2. more consolidation and deregulation of the financial system.
3. further diversification of the financial system.
4. more financial inclusion in the economy.

Select the correct answer using the code given below:

(a) 1,2 and 3
(b) 2,3 and 4
(c) 1 and 2 only
(d) 3 and 4 only

Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.

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