14 June 2018 | Prelims Daily with Previous Year Questions with Answers

Q.1 Consider the following

  1. Regional Comprehensive Economic Partnership is a free trade agreement between ASEAN and India, China, Australia, Japan, South Korea, New Zealand
  2. RCEP covers trade in goods, services, investment, economic and technical co-operation, intellectual property, competition, dispute settlement and other issues

Which of the above is correct?

a) Both 1 and 2

b) Only 1

c) Only 2

d) Neither 1 nor 2

Source- https://www.civilsdaily.com/news/2018/06/14/

Q.2 Consider the following

  1. Backward participation in trade is measured by share of domestic value added content in total gross exports
  2. Forward participation in trade is measured by share of foreign value added content in total gross exports

Which of the above is correct?

a) Both 1 and 2

b) Only 1

c) Only 2

d) Neither 1 nor 2

Source- https://www.civilsdaily.com/news/2018/06/14/

Q. 3 Consider the following

  1. The 74th Amendment includes essential civic issues such as urban transportation, housing or urban commons
  2. Under the 74th Amendment municipalities need not be constituted in areas which are declared as industrial township

Which of the above is correct?

a) Both 1 and 2

b) Only 1

c) Only 2

d) Neither 1 nor 2

Source- https://www.civilsdaily.com/news/2018/06/14/

Q. 4 Consider the following

  1. SWAYAM is an initiative of Ministry of Human Resource Development
  2. It’s a program for promoting participation in small and medium entrepreneurship.

Which of the above is correct?

a) Both 1 and 2

b) Only 1

c) Only 2

d) Neither 1 nor 2

Source- https://www.civilsdaily.com/news/2018/06/14/

Q. 5 Consider the following

  1. Nikkie Asia Prize for culture and community is given by Japan
  2. Recently it was given to Bindeshwar Pathak for his significant work in tackling poor hygiene and discrimination

Which of the above is correct?

a) Both 1 and 2

b) Only 1

c) Only 2

d) Neither 1 nor 2

Source- https://www.civilsdaily.com/news/2018/06/14/


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Puru Rajput
Puru Rajput
6 years ago

reas for negotiations such as goods, services, investment, economic & technical cooperation, intellectual property, competition and dispute settlement with a flexibility to identify other areas

Puru Rajput
Puru Rajput
6 years ago

Q1,Q2

Puru Rajput
Puru Rajput
6 years ago

Forward participation to GVCs corresponds to the indicator “Domestic value added sent to third
economies” presented in the previous section. It captures the domestic value added contained in inputs
sent to third economies for further processing and export through the value chain. This is the ‘sellerrelated’
measure or supply side in the GVC participation index.
Backward participation to GVCs refers to the “Foreign value added content of exports” (see definition
in previous Section). This is the ‘Buyer’ perspective or sourcing side in GVCs, where an economy imports
intermediates to produce exports.
Source: OECD-WTO TiVA Database

Puru Rajput
Puru Rajput
6 years ago

Q1 Q2

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