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Daily Questions Challenge for IAS PRE (CSAT) Exam (02 December 2015)

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

1. Consider the following statements.

1) GDP deflator is a measure of the change in prices of all new, domestically produced, final goods & services in an economy.
2) The new series of WPI is based on the recommendations of a working group that was set up under planning commission member Abhijit Sen.
3) WPI is the only price Index in India which is available on a weekly basis.
4) The new series of WPI has 435 items.

Which of the above statements is / are true.

(a) 1, 2, 3 & 4
(b) 2, 3 & 4
(c) 2 & 3
(d) 1, 2 & 3

2. Consider the following statements.

1) Actual contributed equity plus retained earnings is called Tier I capital.
2) NBFC (Non Banking Financial Companies) are largely referred to as shadow banking.
3) Rate at which banks lend to the best customers is called SLR.

Which of the above statements is / are true.

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

3. The insurance products in which payment is made partly for premium & rest of it invested in the capital market like a mutual fund investment is known as the

(a) ULIP (United Linked Invest Plans
(b) Fringe benefit
(c) Corporate borrowings
(d) None of these

4. Consider the following statements.

1) Government of India changed the base year for calculating GDP to 2011-12 as against 2004-05.
2) In the market economy state has the maximum role in the management of economy.
3) Indicative plan is one where there is a mixed economy with state & market playing significant roles to achieve targets for growth.

Which of the above statements is / are true.

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

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:: CSAT (Paper -2) ::

1. You along with your friend were chatting that during peak hours roads are overcrowded with vehicles causing traffic jams in most parts of the city. Many companies are planning to launch low priced vehicles. You

(a) go as per the procedures and order them to shut down the companies.
(b) take initiative to help the companies arranging for alternative site of plant to increase the production of the vehicles
(c) improve the public transport.
(d) assist the companies with some money on your own but do not compromise on procedures.

2. Your team comprising five members and led by you has been working very hard on a report for around two months and now it is almost ready for submission. A more experienced and well-respected member of the team now tells you that some amendments can help improve the report. Which of the following would be the best thing to do?

(a) Make some of the changes she suggests but retain the main elements of the report that you think work best
(b) Trust her experience and capability and make all of the changes she suggests
(c) ur own judgment and don’t make any changes to the report
(d) Discuss the suggestions with other team members and effect the most required changes

3. You have recently been made the head of a new team. Although you possess sound technical knowledge of the team’s current projects, the team has plans to undertake a large variety of works requiring understanding of different aspects. Your job will eventually require collaboration with other project teams. Although your manager has proposed an induction and training period for you, many of the issues you are responsible for require urgent attention. What would be the two most appropriate responses to this situation?

(a) Immediately arrange meetings with those individuals you feel you will need to work with
(b) Quickly try to establish how your objectives will relate to the objectives of your boss
(c) In initial stages, start slowly and do your job as you have understood it from the job description
(d) Spend time building your understanding of the team’s objectives for the future

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