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Streak Daily Compilation of Questions & Videos: Aug 20, 2021

Maintaining consistency is one of the biggest issues faced by IAS Aspirants. Streak’s initiative is to help Aspirants in their day-to-day preparation. You can follow the monthly, weekly, and daily timetables and continue this streak until you find yourself on the final list.

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You will get following study material:-

  1. Questions (PDF).
  2. RSTV/Yojana monthly notes (PDF).
  3. Burning issue (PDF).
  4. Subject specific (PDF).
  5. Mentor’s phone call for support & encouragement.

I. UPSC Daily Study Plan For 2021 and 2022

II. CSAT for UPSC Prelims || Free CSAT Sessions by Civilsdaily

III. UPSC PRELIMS-2021: Economy Current Affairs Most Probable Questions

Q1) Consider the following statements about Agriculture Infrastructure Fund (AIF) 

1. It is a short-term debt financing facility.

2. Agricultural Produce Marketing Committees (APMCs) are beneficiaries of this fund. 

3. The final authority to sanction loans under the fund is with the banks after checking details and viability of the projects. 

Which of the above statement(s) is/are correct? 

a. 1 and 2 only 

b. 2 and 3 only 

c. 1 and 3 only 

d. All of the above

Q2) Consider the following statements with respect to Employees’ State Insurance Corporation of India (ESIC) 

1. It is a statutory corporate body established under an Act of Parliament. 

2. It is an autonomous body under the Ministry of Labour and Employment. 

Which of the statement(s) given above is/are correct? 

a. 1 only 

b. 2 only 

c. Both 1 and 2 

d. Neither 1 nor 2

Q3) Consider the following statements about the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020:

1. A farming agreement cannot be entered for sale, lease or raising of any permanent structure in the land of the farmer.

2. If a farmer fails to honour his commitment as per the farming agreement, recovery can be initiated against the land of the farmer.

3. The Block Development Officer will function as a Sub-Divisional Authority for deciding the disputes under the farming agreements.

Which of the statements given above is/are correct?

(a) 1 only

(b) 3 only

(c) 1 and 2 only

(d) 1, 2 and 3

Q4) Consider the following statements about the Code on Social Security, 2020:

1. The inter-state migrant workers have been defined under the Act as only the workers who are working in another state and have been recruited through a contractor.

2. It creates a statutory body, called the National Social Security Board, to be headed by the Prime Minister.

3. The aggregators will contribute between 1-2% of their annual turnover towards a social security fund for the gig economy workers.

Which of the statements given above is/are correct?

(a) 1 and 2 only

(b) 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q5) Consider the following statements with respect to India Energy Exchange (IEX) 

1. It is a virtual exchange used to trade carbon footprints of Industries and discoms. 

2. It is launched by Ministry of Environment, Forest, and Climate change. 

3.Energy saving certificates and Renewable Energy Certificates are products of IEX. 

Which of the statement(s) given above is/are correct? 

a. 1 only 

b. 1 and 2 only 

c. 1 and 3 only 

d. 3 only

IV. UPSC PRELIMS-2021: Most Probable Questions for UPSC Prelims 2021

Q1) Which of the following statements regarding Imported Inflation is/are correct?

1. When the general price level rises in a country because of the rise in prices of imported commodities it is known as imported inflation.

2. The weakening of the domestic currency may lead to imported inflation in the country.

Select the correct answer using the codes given below

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q2) Which of the following given below is/are part of the current account in the Balance of Payments (BOP)?

1. Balance of trade 

2. Balance of services and remittances 

3. Investment and borrowing 

Which of above statements are true?

1 and 3

2 and 3

1 and 2

All of them

Q3) Consider the following statements about Most Favoured Nation (MFN) status in context of international trade

1. It denotes equality  of one country towards another nation in trade. 

2. WTO members cannot violate the MFN clause in any conditions

Which of the statements given above is/are correct? 

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q4) Which of the statements given below is/are correct? 

1. India’s tax system is progressive with heavy dependence on direct tax. 

2. Direct tax-to-GDP ratio remains consistently higher than that of indirect tax-to-GDP. 

Select the correct answer using the codes given below

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q5) Consider the following statements about Minimum Alternate Tax (MAT) 

1. It is aimed to facilitate the taxation of  ‘zero tax companies‘ i.e., those companies which show zero or negligible income to avoid tax.

2. It is calculated on book profits of a company.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

V. Daily Dose: Complete Snapshots of Everyday News

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