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7 Dec 2017 | Prelims Daily with Previous Year Questions & [Tikdams]

 Prelims
  • Dear student,

    One of these questions would have application of Tikdams. Tikdams are smart hacks which help you arrive at the right answer with basic knowledge. Broadly speaking, there are 2 types:

    1. Elimination Tikdams: Extrapolate your basic knowledge to eliminate options which appear out of context. Zero down on 2 choices and then mark the question as per your risk appetite
    2. Estimation Tikdams: Read the question well and work out the answer from within the options – Most of the times UPSC plays with words or embeds clues within the question. A smart aspirant figures them out!

    With strong basics and regular practice, you will be able to arrive at a very robust Tikdam framework of your own. To know more, read about this technique here, IAS 2016 by Dr. V & Tikdams 

    Note: Please comment your responses to questions in the comment section. It will help you in assessing yourself.


    Q.1) With reference to the ‘Services Exports from India Scheme (SEIS),’ recently seen in news, consider the following statements:

    1. Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty scrip credit for eligible exports

    2. The scheme is valid for two years

    3. It has been introduced as a part of Foreign Trade Policy 2015-2020.

    Select the correct option using the codes given below.

    a) All the above

    b) 1 and 2

    c) 1 and 3

    d) 2 and 3

    Inspired by: Boost for exports as Government announces more incentives

    Tikdam:

    It is almost impossible to remember exact figure like 2 years and 5 years in every scheme. However using Tikdam technique you will be easily able to solve this question. Let us explain why. SEIS scheme was launched as a part of Foreign-trade policy 2015-2020 and since FTP have 5 year validity therefore no way schemes launched as part of FTP will have any different validity. Thus statement 2 can be eliminated. Once we eliminate statement 2 we will automatically get the answer by elimination method without knowing other 2 statements.

    Q.2) With reference to the ‘Indian Railway Station Development Corp. Ltd (IRSDC),’ recently seen in news, which of the following statements is/are correct?

    1. It is a joint venture company.

    2. It is a statutory authority under the Ministry of Railways.

    Select the correct answer using the codes given below.

    a) Both 1 and 2

    b) 2 only

    c) 1 only

    d) Neither 1 nor 2

    Inspired by: Railways appoints IRSDC as nodal agency for station redevelopment plan

    Q.3) With reference to the ‘United Nations Convention against Torture,’ recenlty seen in news, consider the following statements:

    1. India has not signed the convention.

    2. French is the only official language of the convention.

    Which of the statements given above is/are correct?

    a) Both 1 and 2

    b) 1 only

    c) Neither 1 nor 2

    d) 2 only

    Inspired by: [op-ed snap] Stand up against torture

    Q.4) With reference to the ‘open market operation (OMO)’, consider the following statements:

    1. It is related to buying and selling of Government Bonds in the market.

    2. In India, the operations are carried out by the SEBI.

    Which of the statements given above is/are correct?

    a) Neither 1 nor 2

    b) 2 only

    c) Both 1 and 2

    d) 1 only

    Inspired by: What to note in RBI monetary policy beyond rate action

    Q.5) Consider following statement about Monetary policy committee:

    1. The Monetary Policy Committee (MPC) is a committee of the Reserve Bank of India, headed by its Governor, which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level.

    2. MPC have six members, – the RBI Governor (Chairperson), the RBI Deputy Governor in charge of monetary policy, one official nominated by the RBI Board and the remaining three members representing the Government of India.

    3. The MPC takes decisions based on majority vote (by those who are present and voting). In case of a tie, the RBI governor have the second or casting vote.

    Which of the following statement is/are correct?

    a) 1 and 2

    b) 2 and 3

    c) All of the above

    d) 1 and 3

    Q.6) Which of the following measures would result in an increase in the money supply in the economy?

    1. Purchase of govt securities from the public by the central bank

    2. Deposit of currency in commercial banks by the public

    3. borrowing by the govt. from the central bank

    4. Sale of govt. secs. To the public by the central bank

    Select the correct answer using the codes given below:

    a) 1

    b) 2 and 4 only

    c) 1 and 3

    d) 2, 3 and 4

    Q.7) Which of the following would include Foreign Direct Investment on India?

    1. Subsidiaries of foreign companies in India

    2. Majority foreign equity holding in Indian companies

    3. Companies exclusively financed by foreign companies

    4. Portfolio investment

    Select the correct answer using the codes given below:

    a) 1, 2, 3 and 4

    b) 2 and 4 only

    c) 1 and 3 only

    d) 1, 2 and 3 only

    Q.8) Consider the following statement:

    The price of any currency in international market is decided by the

    1. World Bank

    2. Demand for goods/services provided by the country concerned

    3. Stability of the government of the concerned country

    4. Economic potential of the country in question.

    Select the correct answer using the codes given below:

    a) 1,2,3 and 4

    b) 2 and 3 only

    c) 3 and 4 only

    d) 1 and 4 only


    IMPORTANT STUFF: 

    1. Daily newscards have been enriched with back2basics and note2students – Make notes daily

    2. Liked Tikdams? Join our Flagship TS which helps you perfect this approach – Flagship Prelims for IAS 2018

    3. For attempting previous Prelims Daily Questions – Click here

    4. Click here for Solutions


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  •  Vikki Mehrotra @vikkimehrotra

    1c
    2c
    3c
    4d
    5c
    6c
    7d
    8b

  •  Kunal Aggarwal @kunalaggarwal

    In Q2, shouldn’t it be c? Statutory body in the sentence is for Rail Land Development Authority. Isn’t it?

    •  Subhajeet Chakraborti @subhajeet-chakraborti

      You are right. Its pretty clear a Limited corporation can never be an Authority in the first place.

    •  Ankur CD @ankur_cd

      Yes,
      You are right!
      It was a typing mistake.
      thanks for your response

  •  Yedukrishnan K S @yedukrishnanksks

    HI CD,

    Question 3.India has signed the convention,right?

    •  Ankur CD @ankur_cd

      Yes, India has signed the convention!
      That was a typing mistake in the solutions.
      Thanks for your response.

  •  Merselina Dutta @merselina-dutta

    1-c
    4-b
    5-c
    6-c
    8-b

  •  Kunal Aggarwal @kunalaggarwal

    1 – c
    2 – c [It is not a statutory body. Joint venture with Ircon international and rail land development authority]
    3 – c [Only French sounds little impossible.]
    4 – d [OMOs are carried out by RBI to manage liquidity]
    5 – c
    6 – c
    7 – c
    8 – b [1 is definitely not the case. 2 is surely one of the answers. Only option is b]

  •  Utkarsh Saxena @utkarshsaxena

    Kindly upload the answers.

  •  Utkarsh Deep @utkarshdeep

    1. c
    2. c
    3. b
    4. d
    5. c
    6. a
    7. d
    8. b

Tagged: 

This topic contains 10 replies, has 9 voices, and was last updated by  Vikki Mehrotra 5 days, 1 hour ago.



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