CURRENT AFFAIRS-VALUE ADDITION (CA-VA)

PRELIMS MICRO TEST (PMT) - 20

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1. What is the purpose of issuing Treasury Bills 3. In India, which of the following can be
(T-Bills) by the Government of India? considered the benefits of geotagging?
1. To meet the short-term borrowing needs 1. Real-time monitoring of environmental
of the government. changes and biodiversity.
2. To control inflation in the economy. 2. Tracking criminal activities by law
3. To fund infrastructure development enforcement.
projects. 3. User can access private networks and
4. To manage temporary mismatches in mask their IP addresses.
the government’s cash flow. 4. Determine soil fertility levels in
5. To serve as collateral for bank lending agricultural lands.
in the repo market. 5. Used to authenticate digital financial
transactions.
Select the correct answer using the code given
below: Select the correct answer using the code given
below.
(a) 1, 2 and 4 only
(a) 1 and 3 only
(b) 1, 4 and 5 only
(b) 1, 2 and 4 only
(c) 1, 2, 3 and 5 only
(c) 3 and 5 only
(d) 1, 2, 3, 4 and 5
(d) 1, 3 and 5 only
2. With reference to India’s energy sector, 4. The shift from cash-based transactions to
consider the following statements: digital payments in an economy is the most
1. India is the second-largest producer of accurate example of:
coal in the world. (a) Financial deepening
2. India imports more than 50% of its (b) Financial inclusion
natural gas requirements. (c) Financial intermediation
3. Russia has become the largest supplier of (d) Financial liberalization
crude oil to India, surpassing traditional 5. Consider the following statements regarding
suppliers like Saudi Arabia and Iraq. jute in India:
4. Coal-based power generation in India 1. Bangladesh is the largest producer of
contributes to over three-fourths of the jute followed by India.
total electricity generation. 2. Mesta is a variety of jute grown in
How many of the statement(s) given above is/ rainfed areas.
are not correct? 3. The National Jute Policy mandates
(a) Only one complete jute packaging for both food
(b) Only two grains and sugar.
(c) Only three 4. Jute cultivation falls under Priority
(d) All four Sector Lending by commercial banks.

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Nagar, Gopalpura Marg, Civil Lines
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Bypass, Prayagraj,
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Pradesh-211001
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 How many of the statement(s) given above is/ Which one of the following is correct in
are correct? respect of the above statements?
(a) Only one (a) Both Statement-I and Statement-II are
(b) Only two correct, and Statement-II is the correct
(c) Only three explanation for Statement-I
(d) All four (b) Both Statement-I and Statement-II
are correct, but Statement-II is not the
6. With reference to the lending instruments
correct explanation for Statement-I
of the International Monetary Fund (IMF),
(c) Statement-I is correct, but Statement-II
consider the following statements:
is incorrect
1. The Extended Fund Facility (EFF) (d) Statement-I is incorrect, but Statement-
provides long-term financial support for II is correct
balance of payments difficulties.
9. Consider the following statements:
2. Countries accessing Resilience and
1. India is the largest producer, consumer
Sustainability Trust (RST) must have
and importer of this crop in the world.
an existing IMF-supported program to
2. It is cultivated in Kharif, Rabi and Zaid
qualify for funding.
seasons of the Agricultural year.
3. The Reserve Tranche is subject to
3. They account for around 20 percent of
interest charges and functions similarly
the area under foodgrains.
to Special Drawing Rights (SDRs), 4. Traditional agricultural practices such
which require annual repayments. as ‘Barahnaja’ is used in cultivating this
Which of the statements given above are type of crop.
correct? Which crop is being referred to in the above
(a) 2 and 3 only statements?
(b) 1 and 2 only (a) Rice
(c) 1 and 3 only (b) Wheat
(d) 1, 2 and 3 only (c) Pulses
7. Which of the following statements is correct (d) Maize
with reference to the e-Rupee (CBDC) in 10. A particular type of bank account facilitates
India? trade settlements in Indian Rupees (INR),
(a) It operates on a blockchain-based enabling foreign banks to hold rupee balances
platform and is anonymous. in Indian banks. It allows for bilateral trade
without reliance on third-party currencies,
(b) It is backed by physical assets like gold
helps in reducing forex outflows, and is
and foreign exchange reserves. regulated by the Reserve Bank of India (RBI).
(c) It is interoperable with existing digital Additionally, it can be used for investments
payment systems like UPI and mobile in government securities under specific
wallets. guidelines. What is the name of this account?
(d) It eliminates the need for intermediaries (a) Special Non-Resident Rupee (SNRR)
like banks in financial transactions. Account
8. Consider the following statements: (b) Special Rupee Vostro Account (SRVA)
(c) Vostro Account
Statement I: (d) Foreign Currency Non-Resident
India Post Payments Bank (IPPB) is a type of (FCNR) Account
universal bank. 11. Consider the following statements:
Statement II: Statement I:
A universal bank is a retail bank, a wholesale Under the Production-Linked Incentive
bank, and also an investment bank. (PLI) scheme, companies receive direct cash

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 incentives based on incremental sales of Portal/ Purpose
manufactured goods. Platform
Statement II: 3. SCAN C. Streamline the reporting of
Portal technical issues by Market
The PLI scheme aims to reduce imports and
Infrastructure Institutions
promote domestic manufacturing in strategic
sectors. 4. MAARG D. Facilitate mentorship for
Portal start-ups to grow and
Which one of the following is correct in flourish
respect of the above statements?
How many of the above pair(s) is/are correctly
(a) Both Statement I and Statement II are matched?
correct and Statement II is the correct
(a) Only one
explanation for Statement I (b) Only two
(b) Both Statement I and Statement II (c) Only three
are correct and Statement II is not the (d) All four
correct explanation for Statement I
14. With reference to fertilizer composition and
(c) Statement I is correct but Statement II is management in India, consider the following
incorrect statements:
(d) Statement I is incorrect, Statement II is 1. Neem-coated urea reduces nitrogen loss
correct through leaching and volatilization.
12. With reference to the concept of Safe Harbour 2. Muriate of Potash (MOP) is a primary
Protection in India, consider the following source of phosphorus for crops.
statements: 3. The Nutrient-Based Subsidy (NBS)
Scheme covers both urea and non-urea
1. It applies to both domestic and foreign
fertilizers.
intermediaries operating in India under 4. India is self-sufficient in the production
the Information Technology (IT) Act, of potash-based fertilizers.
2000.
How many of the above statement(s) is/are
2. It promotes digital platforms by reducing correct?
their legal liability for user-generated
(a) Only one
content. (b) Only two
3. It does not apply to e-commerce (c) Only three
websites. (d) All four
Select the correct answer using the code given 15. With reference to the ISHAN Initiative,
below: consider the following statements:
(a) 1 only 1. It will manage all 4 Flight Information
(b) 1 and 2 only Regions (FIRs) in Delhi, Mumbai,
(c) 3 only Kolkata, and Chennai separately.
(d) 2 and 3 only 2. It aims to create a separate air corridor
exclusively for military aircraft to
13. Consider the following pairs reduce civilian flight congestion.
3. It was launched under the Make in
Portal/ Purpose
India program to promote the domestic
Platform
production of aircraft.
1. iSPOT A. Processing and tracking 4. It is aligned with the principles of the
Portal subsidy claims under NextGen Air Transportation System
NFSA (NextGen) adopted in the United States.
2. VISION B. Nurture education, Which of the statement(s) given above is/are
Portal skill development, correct?
and innovation among (a) 1 and 2 only
underprivileged children (b) 1 only

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 (c) 2, 3 and 4 only 19. With reference to the National Building Code
(d) 4 only (NBC) of India, 2016, consider the following
statements:
16. Consider the following targets of the National
Mission on Natural Farming (NMNF) scheme 1. Compliance with the NBC is mandatory
for all buildings across India.
recently seen in the news:
2. It mandates that all buildings, regardless
1. Establishing 15,000 clusters in willing of height, must install automatic
Gram Panchayats within two years. sprinkler systems to enhance fire safety.
2. Promoting climate-resilient farming 3. It categorizes buildings into nine groups
but does not set fixed land conversion based on occupancy, such as hotels,
targets. hospitals, and assembly buildings.
3. Achieving zero-budget natural farming
Which of the statement(s) given above is/are
certification for 20% of India’s correct?
agricultural exports.
(a) 1 and 2 only
4. Providing financial incentives to farmers
(b) 3 only
who adopt natural farming practices. (c) 2 and 3 only
How many of the above statement(s) is/ are (d) 1, 2 and 3
correct? 20. Which of the following statements best
(a) Only one describes “Mission 300”?
(b) Only two (a) A global initiative to restore ecosystems
(c) Only three through large-scale tree planting.
(d) All four (b) A joint effort by international banks to
17. Consider the following: expand energy access for millions in
Africa.
1. Risk weighted Assets
(c) A health mission focused on immunizing
2. Leverage Ratio children in underserved regions.
3. Counter-Cyclical Buffer (d) An educational drive to provide digital
4. Systemically Important Banks (G-SIBs) tools for remote learning.
Which of the features given above were 21. Consider the following statements regarding
introduced under the New Banking Capital Intellectual Property Rights (IPR) in India:
Requirement Parameters introduced by Basel 1. Traditional Knowledge (TK) is
III norms? ineligible for patent protection, but
(a) 1 and 2 only can be protected through Geographical
(b) 2, 3 and 4 only Indication (GI) status.
(c) 1, 3 and 4 only 2. A product with a GI tag cannot be
(d) 1, 2, 3 and 4 simultaneously protected under a patent
or trademark.
18. “In a perfectly competitive market with 3. GI tag rights are collective, whereas
positive externalities in consumption, the patent rights are granted to individuals
market equilibrium leads to an inefficient or entities.
outcome.” Which of the following government 4. The Traditional Knowledge Digital
interventions would most effectively address Library (TKDL) prevents the
this market failure? misappropriation of indigenous
(a) Imposing a per-unit tax equal to the knowledge but does not handle GI tag
marginal external benefit disputes.
(b) Providing a per-unit subsidy equal to the How many of the above statement(s) is/are
marginal external benefit correct?
(c) Establishing a price ceiling at the (a) Only one
socially optimal price (b) Only two
(d) Implementing a price floor at the socially (c) Only three
optimal price (d) All four

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22. Consider the following statements regarding How many of the above pair(s) is/ are correctly
Deposit Insurance and Credit Guarantee matched?
Corporation (DICGC):
(a) Only one
1. The premium for deposit insurance is
(b) Only two
paid by both the banks and depositors
equally on a 50:50 basis. (c) Only three
2. Deposits held in foreign currency (d) All four
accounts in Indian banks by Non- 24. With reference to the ‘Banks Board Bureau
Resident Indians (NRIs) are also insured (BBB)’, which of the following statements
under DICGC.
are correct?
3. The DICGC provides insurance
coverage to Non-Banking Financial 1. The Governor of RBI is the Chairman of
Companies (NBFCs) also. BBB.
Which of the statement(s) given above is/are 2. BBB recommends for the selection of
correct? heads of Public Sector Banks.
(a) 1 only 3. BBB helps the Public Sector Banks in
(b) 2 and 3 only developing strategies and capital raising
(c) 2 only plans.
(d) 1, 2 and 3 only
Select the correct answer using the code given
23. Consider the following pairs:
below:
Tunnels Specific Features / (a) 1 and 2 only
Location (b) 2 and 3 only
1. Sela A. India’s longest railway (c) 1 and 3 only
Tunnel tunnel on the Jammu-
Baramulla rail line. (d) 1, 2 and 3
2. Atal B. World’s highest tunnel 25. Increase in absolute and per capita real GNP
Tunnel above 10,000 feet. do not connote a higher level of economic
3. Pir Panjal C. Located in Arunachal development, if
Tunnel Pradesh, ensures all- (a) industrial output fails to keep pace with
weather connectivity to
agricultural output.
Tawang.
(b) agricultural output fails to keep pace
4. Z-Morh D. Connects Sonamarg
Tunnel and Gagangir, ensuring with industrial output.
year-round access for (c) poverty and unemployment increase.
tourists and locals. (d) imports grow faster than exports.

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 Space for Rough Work

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