Current Affairs Sample Practice Paper for IAS (Pre.) 2014 "Test - 3"

1. Consider the following statement about Non-banking financial companies:

1. They are established under the Company Act 1956 and registration with the Reserve Bank of India is not necessary for their estalishment.
2. They must be registered with the Ministry of Finance of the Government of India.
3. They cannot issue demand-drafts of cheques.
4. They can issue shares, bonds and provide loans, insurance to various sectors.

Which of statement given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 3 and 4 only
(d) 1, 2 and 3 only

2. According to classification by the Government of India, which of the following Public Sector Enterprices are considered strategic enterprises?

1. Arms and ammunitions
2. Railways Transport
3. Atomic Energy
4. Space research

Select the correct answer using the codes given below:
(a) 1 only
(b) 1 and 3 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4

3. Which of the following statements regarding the Rashtriya Sadhbhavana Yojana are correct?

1. The erstwhile name of the scheme was National Reconstruction Corps.
2. The scheme is implemented through Nehru Yuva Kendra Sangathan.
3. The scheme aims at national reconstruction through leadership

Select the correct answer using the codesgiven below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3

4. Which of the following activities is/are excluded from calculation of Gross Domestic Product?

1. Sale of a new car
2. Purchase of tyres by a car manufacturer
3. Buying shares of a car company
4. Profits earned by a foreign-owned car company

Select the correct answer using the codes given below:
(a) 2 only
(b) 1 and 4 only
(c) 3 and 4 only
(d) 2 and 3 only

5. Consider the following statements regarding India's imports:

1. In recent years, the share of fuels in imports, especially the share of petroleum oils and lubricants, has come down.
2. The share of imports of fertilsers, edible oils and pulses have sharply increased in the last few years.
3. Imports of mechandize goods have always been less than their exports continsously post independence.

Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3

6. What are the problems in estimating national income of India?

1. Low rate of savings
2. Large scale unemployment
3. Persistently high inflation
4. Large scale of non-monetized transactions
5. Large parallel black economy

Select the correct answer using the codes given below:
(a) 1, 2 and 3 only
(b) 2 and 3 only
(c) 4 and 5 only
(d) 1 and 5 only

7. With an increase in remittance money from migrants backs to India:

1. India's Gross Domestic Product will increase
2. India's Gross Nationsl Product will increase
3. India National Income will increase

While of the statements given above is/are correct?
(a) 1 and 3 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3

8. Which of the following industries reserved only for the Public Sector as of now?

1. Atomic Energy
2. Railways
3. Defence
4. Space

Selection the correct answer using the codes given below:
(a) 1 and 2 only
(b) 2, 3 and 4 only
(c) 1 and 4 only
(d) 1, 2 and 3 only

9. Consider the following statements:

1. 100% FDI is allowed in Greenfield projects in Pharmaceuticals industry in India.
2. 100% FDI is allowed in Brownfield projects in Pharmaceuticals industry in India

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

10. Which of the following can be called fiscal policy instruments or measures?

1. Increase in income fax by the Finance Minister.
2. Increase in rail transport charges by the Railways Minister.
3. Increase in Cash Reserve Ratio by the Reserve Bank of India
4. Increase in subsidies for kerosene and LPG cylinders.

Select the correct answer using the codes given below:
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2 and 4 only

11. Consider the following statements regarding the Food Security Mission of India:

1. The resolustion to launch the mission was adopted by the National Development Council
2. It is sponsored by the Central Government
3. Only food grains are covered under the mission

Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

12. Which of the following would help in achieving fiscal consolidation?

1. Bringing more services under the tax cover.
2. Decreasing the subsidies on diesel.
3. Phasing out unproductive projects.
4. Disinvestment of Public Sector Undertakings (PSU's)

Select the correct answer using the codes given below:
(a) 1 and 2 only
(b) 1 and 4 only
(c) 1, 2, 3 and 4
(d) None of the above

13. Which of the following grants is raised when the amount authorized by Appropriation Act to be expended for a particular service in the current financial year is found to be insufficient?

(a) Suppliementary Grant
(b) Exceptional Grant
(c) Votes of credit
(d) Votes on accounts

14. Comparative Rating Index for Sovereigns (CRIS) makes use of which of the following variables?

1. Moody's foreign currency credit ratings.
2. Average of S&P's and Moody's foreign currency credit ratings.
3. International Monetary Funds' GDP statistics.
4. United Nation Human Development Index ratings.

Select the correct answer using the codes given below:
(a) 1 and 3 only
(b) 2 and 3 only
(c) 2, 3 and 4 only
(d) 1, 3 and 4 only

15. A cryogenic Engine is

(a) Rocket engine that uses a liquid oxygen.
(b) Rocket engine that uses only liquid Hydrogen.
(C) Rocket engine that uses combination of liquid hydrogen fuel and liquid oxygen as a ozidizer, at cery low temprature.
(d) Rocket engine that uses combination of liquid hydrogen fuel and liquid oxygen as a ozidizer at space craft temprature.

16. After Human Genome project, The ENCODE Project is the major project in the field of biotechnology which of the following country involved in this project ?

(a) India, Russia, China and U.k.
(b) U.K., Spain, Singapore and European Union
(c) Japan, Singapore, Spain, U.K.
(d) India, Russia, China, Japan

17. SPIKE is -

(a) A scheme initiated by United Nations to reduce global warming.
(b) A gene for produciton of rice which has been designed by Japan and International Rice Research Insitute.
(c) A new medicine discovered for the tretmaent of cancer.
(d) A new technique designed for controlling the natural hazards.

18. Chosse correct statements about Mangal mission India.

(a) Setellite is launched in it by technique named G.S.L.V.
(b) launched satellite will revolute to mangal in circular orbit.
(c) It will collect information about outer armosphere as Mangal eclips.
(d) None of the above three.

19. Some statements are given below about Green Energy corridor project.

Choose that statements which are not correct.

1. It is Indian goverment project with the help as Japan.
2. During this schem, the renewal energy has to connect with national grid.
3. For proportion as this project, made standing committee in parliament is headed by Jai Ram Ramesh.

(a) Only 2
(b) Only 1,3
(c) 1,2,3
(d) Only 2,3

20. A spaceraft carrying three passengers was launched for space research programme. The astronaut was carrying a hot sadwich having the temperature of 200C. On space walk, she took out the hot sanwich in the space area.

What would be the temperature of that sandwich in the space ?

(a) 200C
(b) 00C
(c) 1200C
(d) -200C

21. Recently, the Mars Orbiter Mission has been launched and one of its objectives is to find out the possible signal of life on the planet at some point of time.

Which among the following is possible signal of life gas-

(a) Carbon
(b) Oxygen
(c) Methane
(d) Nitrogen

22. Which of the following is/are true about Aretic Council ?

1. It was established by Ottawa declaretion in 1996.
2. India has recently become its member.
3. The agreement adopted during the recent Oslo summit permits only scintific research in the region, and exploitation of natural resources has been banned.
4. United Kingdom is one of the fonding members.

Which of the above statements is/are correct?
(a) Only 1
(b) 1,4
(c) 2, 3
(d) Only 4

23. Consider the following statements regarding Agni-V Test:-

1. The Agni- V missile was test-fired successfully for its full range of 5,000 km.
2. The missile was test-fired in deliverable configuration, and that the entire sequence was similar to a situation in a war.
3. Three or more canister-based tests will be conducted before the missile is inducted by 2015.

Select the correct answer using the code given below:
(a) 1 Only
(b) 2 Only
(c) 1, 2 and 3
(d) 2 and 3

24. TRUVADA is

(a) A drug developed by Hyderabad based Biocon to fight SARS.
(b) A drug developed by American scientists to fight SARS.
(c) A drug developed by Gilead Sciences to fight HIV-AIDS.
(d) A drug developed by Indian scientists to fight bird flu

25. Pervovskite cells are new generation of solar cell. Regarding perovskite cells consider the following statements.

1. These are cheaper and easier to produce than those of traditional silicon cells.
2. These cells are more efficient as commercial solar cells yet.

Which of the statements is/are correct?
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

26. India has been developing Agni series missiles. Agni I andAgni II are in operation. Testing of Agni III is going on.

Regarding the Agni series consider the following statements.

1. This is surface to air missiles capable of carrying of nuclear weapons.
2. The administration and management is in the hands of strategic force command.
3. This is a part of India's ballistic missile defence programme.
4. It has a self navigation system which increases its accuracy.

Correct code are
(a) 1 and 3
(b) 1 and 4
(c) 2 and 4
(d) 3 and 4
 

27. Thalidomide drug is in news for some time Its inventor company issued its first public apology in 50 years.

Regarding this consider the following statements.

1. The drug when available was widely used by pregnant ladies to manage morning sickness.
2. The drug was also used by athletes who did not Know about its stimulating effects.

Which of the statement is/are correct.
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

28. With reference to MRI test device which of the following statements is/are correct ?

1. It works on the basis of weak ionic current of human body.
2. Maganetite crystals, which are found in the human stomach, generate a magnetic field, which is easily traced by MRI device.

Select the correct answer using the codes given below -
(a) 1 Only
(b) 2 Only
(c) Both 1 and 2
(d) Neither 1 nor 2

29. Consider the following statements about Hybridoma Technology:

1. By using this technique, Polyclonal Antibodies are prepared.
2. This technique is very useful in treatment of cancer.

Which of the statements given above is/are correct ?
(a) 1 Only
(b) 2 Only
(c) Neither 1 nor 2
(d) Both 1 and 2

30. Immuno suppressive agents are the drugs which suppress the immune system and reduce the risk of rejection of foreign bodies such as transplant organs.

Which of the following bioactive molecules is used as immunosuppressive agent in human organ transplantation ?

(a) Tricoderma Polosporam
(b) Pectinasis-B
(c) Cyclosporin-A
(d) Prednisone

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