8 September 2017 | Prelims Daily with Previous Year Questions & Tikdams

Q.1) Consider the following statements regarding ‘Shell Companies’ which is often seen in news:
1. One of the main reasons to set up shell company is to realize a tax haven abroad.
2. It is always illegal to create a Shell Company.
Which of the statements given above is/are correct?
a) 2 only
b) 1 only
c) Both are correct
d) Neither 1 nor 2

Q.2) Which of the Chemicals are prominently used in Fertilizers for Agricultural use?
1. Anhydrous ammonia
2. Superphosphate
3. Diammonium phosphate
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

Q.3) Consider the following statements regarding the Gross value added(GVA):
1. In national accounts GVA is output minus intermediate consumption.
2. In India, it was recently decided that sector-wise wise estimates of GVA will now be given at basic prices.
Which of the statements given above is/are correct?
a) Both are correct
b) 2 only
c) 1 only
d) Neither 1 nor 2

Q.4) Which of the statements regarding the ‘Intercontinental ballistic missile(ICBM)’ is/are correct?
1. It is a missile with a minimum range of 5,500 kilometres.
2. All ICBMs support multiple independently targetable reentry vehicles (MIRVs).
Select the correct option using the codes given below.
a) Neither 1 nor 2
b) 2 only
c) 1 only
d) Both are correct

Q.5) With reference to the Fourteenth Finance Commission, which of the following statements is/are correct?
1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent.
2. It has made recommendations concerning sector-specific grants.
Select the correct answer using the code given below.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Q.6) The ‘Fortaleza Declaration’, recently in the news, is related to the affairs of
a) ASEAN
b) BRICS
c) OECD
d) WTO

Q.7) A decrease in tax to GDP ratio of a country indicates which of the following?
1. Slowing economic growth rate
2. Less equitable distribution of national income
Select the correct answer using the code given below.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Q.8) In the South Atlantic and South-Eastern Pacific regions in tropical latitudes, cyclone does not originate. What is the reason?
a) Sea surface temperatures are low
b) Inter-Tropical Convergence Zone seldom occurs
c) Coriolis force is too weak
d) Absence of land in those regions


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