Q1. Consider the following statements regarding generic medicines :

1) Pradhan Mantri Bhartiya Jan Aushadhi Kendra (PMBJK) have been set up to provide generic drugs so as to reduce out of pocket expenses in health.
2) The generic drug does not have to undergo a complete clinical trial to be proved equivalent, the bioequivalence test is much cheaper than clinical trials making generic drugs cheaper.
3) India being a world leader in generics, the dependency on imports of patent drugs will reduce improving our trade of balance.

Which of the above statements are true ?

a) 1 & 2 only
b) 2 & 3only
c) 1 & 3 only
d) all of the above

Q2. Which of the following have been the factors responsible for the rise in India’s Ease of Doing Business rankings (2018) :

1) Implementation of GAAT(General Agreement on and Trade & Tariffs ) .
2) PM Mudra Yojana
3) Land Acquisition , Rehabilitation and Resettlement (LARR) Act , 2013
4) Insolvency and Bankruptcy Code 2016
5) Speedy process of starting a new business.

a) 1,2 & 3 only
b) 3,4 & 5 only
c) 1,2,3 & 4 only
d) all of the above

Q3. Consider the following statements with respect to UNESCO global education monitoring report 2019 :

1) About 80% of seasonal migrant children in seven cities lacked access to education near work sites, and 40% are likely to end up in work rather than education, experiencing abuse and exploitation
2) The report says there is not much impact on education for children who are left behind as their parents migrate
3) The report shows there is only one urban planner for every 1,00,000 people in India, while there are 38 for every 1, 00,000 in the United Kingdom.

Which of the above statements are true ?

a) 1 & 2 only
b) 2 & 3only
c) 1 & 3 only
d) all of the above

Q4. Which of the following statements regarding “capital buffer” are true ?

1) A capital buffer is mandatory capital that financial institutions are required to hold in addition to other minimum capital requirements.
2) When a bank breaches the buffer, automatic safeguards apply to limit the amount of dividend and bonus payments it can make.
3) The RBI has decided to extend the full implementation of the Capital Conservation Buffer (CCB) under the Basel rules by one year, while maintaining the minimum capital requirement at 9 percent.

a) 1 & 2 only
b) 2 & 3only
c) 1 & 3 only
d) all of the above

Q5. Which of the following south asian countries do not share a boundary with Vietnam ?

a) Laos
b) Thailand
c) Cambodia
d) China

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ANSWER:

1(d), 2(c), 3(c), 4(d), 5(b)