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

Q.1) Which of the following is/are correct with respect to advance of Monsoons in India?

  1. There exists strong interaction between monsoon currents and dry westerly winds, which brings thundershowers and revive monsoon in Himalayan Foothills.
  2. Western Disturbances makes advance of Monsoon quicker in Northern India.

Select the correct answer using the codes given below.

a) Neither 1 nor 2

b) 1 only

c) 2 only

d) Both 1 and 2

Inspired by: Monsoon covers country fortnight early

Q.2) Which of the following statements is/are correct about growth rate of India?

  1. India can sustain high growth rate by carrying out banking sector reforms, simplifying and streamline GST, and renewing impetus on reforms, as per IMF guidelines.
  2. India’s growth rate is projected at 7.4% in FY 2018-19 and 7.8 percent in FY 19-20, respectively.

a) Only 1

b) Only 2

c) Both 1 and 2

d) None

Inspired by: IMF suggests India three steps to sustain high growth rate

Q.3) Consider the following statements about Financial Action Task Force (FATF).

  1. FATF is an UN body established in 1989.
  2. FATF sets standards and measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
  3. The FATF’s decision-making body, the FATF Plenary, meets three times per year.

Which of the following statements is/are correct?

a) All of the above.

b) 1 and 2

c) 2 and 3

d) 2 Only

Inspired by: Global funding watchdog hands 10-point plan to Pakistan

Q.4) Consider the following statements:

  1. Six hundred million Indians could see a dip in living standards by 2050 if temperatures continue to rise at their current pace
  2. India’s average annual temperatures are expected to rise by 1°C to 2°C by 2050, even if preventive measures are taken along the lines of those recommended by the Paris climate change agreement of 2015

Which of the following statements is/are correct?

a) Only 1

b) Only 2

c) Both 1 and 2

d) None of the above

Inspired by: Rising temperature to cut living standards of 600 million Indians

Q.5) Consider the following statements about Capital Account Convertibility:

  1. CAC means the freedom to convert rupee into any foreign currency (Euro, Dollar, Yen, Renminbi etc.) and foreign currency back into rupee for capital account transactions.
  2. It leads to a free exchange of currency at a lower rate and an unrestricted movement of capital.

Which of the following statements is/are not correct?

a) Both 1 and 2

b) Only 1

c) Only 2

d) Neither 1 nor 2

Inspired by: RBI steps in as rupee hits record low

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