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General Studies Test 5
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  • Question 1/10
    2 / -0.66

    With reference to the Price Stabilization Fund (PSF) scheme, consider the following statements:

    1. The scheme provides for maintaining a strategic buffer of commodities (such as onion, potatoes and pulses) for subsequent calibrated release to moderate price volatility and discourage hoarding.
    2. For building such stock, the scheme promotes direct purchase from farmers/farmers’ association at farm gate/Mandi.
    3. The PSF will be maintained as a Central Corpus Fund by NABARD.

    Which of the statements given above are correct?

  • Question 2/10
    2 / -0.66

    Consider the following statements regarding the recommendations of the Cabinet Mission 1946.

    1. Division of India in two nations based on a referendum.

    2. Recognition of Indian Right to cede from the Commonwealth.

    3. Union Government and its legislature were to have limited powers, with greater autonomy to states.

    Which of the following statements given above is/are not correct?

  • Question 3/10
    2 / -0.66

    The Non-alignment movement was formed in the backdrop of:

    1. Cold war rivalry between the US and USSR. 

    2. Decolonization of African nations.

    Which of the following statements given above is/are not correct?

  • Question 4/10
    2 / -0.66

    With reference to Temperate Continental Climate, consider the following statements:

    1- In Eurasia, they are called the Steppes and stretch eastwards from the shores of the Black Sea to the foothills of the Altai Mountains.
    2- Grasslands of this climate are practically treeless due to their location in the easterly wind belt.

    Which of the statements given above is/are correct?

  • Question 5/10
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    Consider the following statements:

    1. A private member in Rajya Sabha cannot initiate legislation on a subject of national importance.

    2. A private member of Rajya Sabha can get alterations passed to legislation introduced in the Lok Sabha.

    Which of the above statements is/are correct?

  • Question 6/10
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    In India, which of the following is constitutionally empowered to act as the final interpreter of the Constitution?

  • Question 7/10
    2 / -0.66

    Which of the following countries constitute ‘Northern Triangle’?

    1. El Salvador
    2. Guatemala
    3. Honduras

    Select the correct answer using code given below:

  • Question 8/10
    2 / -0.66

    The International Monetary Fund (IMF) works to foster which of the following:

    1. Global monetary cooperation
    2. Secure financial stability
    3. Facilitate international trade
    4. Reduction of poverty around the world

    Select the correct answer using the code given below:

  • Question 9/10
    2 / -0.66

    Consider the following statements:

    1. Debt refinancing refers to initiating a new contract, often at better terms than a previous one, to pay off a loan.
    2. Debt restructuring is taken when debtors are at risk of defaulting and negotiate to alter the existing contract.

    Which of the statements given above is/are correct?

  • Question 10/10
    2 / -0.66

    Consider the following statements about the ‘Global Financial Stability Report'.

    1- The report is released by World Bank.
    2- It quantifies vulnerabilities in the financial system and also issues recommendations for central banks, policymakers and others who supervise global financial markets.

    Which of the above-mentioned statements is/are not correct?

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