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Question 1 of 5
1. Question
1 pointsWhich of the following lead to changes in India’s foreign exchange reserves?
1. Purchase and sale of foreign exchange by the RBI
2. Income arising out of the deployment of the foreign exchange reserves
3. External aid receipts of the Central Government
Select the correct answer using the codes given belowCorrect
All 1, 2 and 3 are correct.
Movements in the FCA occur mainly on account of purchase and sale of foreign exchange by the RBI, income arising out of the deployment of the foreign exchange reserves, external aid receipts of the Central Government and changes on account of revaluation of the assets.Incorrect
All 1, 2 and 3 are correct.
Movements in the FCA occur mainly on account of purchase and sale of foreign exchange by the RBI, income arising out of the deployment of the foreign exchange reserves, external aid receipts of the Central Government and changes on account of revaluation of the assets. -
Question 2 of 5
2. Question
1 pointsIn balance of payment (BoP), which of the following are categorised under capital account?
1. Foreign Portfolio Investment
2. Short-term credit
3. Trade in services
4. External commercial borrowings
Select the correct answer using the codes given belowCorrect
1, 2 and 4 are correct.
The BoP is essentially the overall ledger of how much rupee was demanded by the rest of the world and how much foreign currency (that is, currencies of all countries) was demanded by Indians. The BoP is divided into two “accounts” — current and capital. Current account refers to all transactions that are related to current consumption; capital account refers to transactions for investment purposes.
Each bucket is sub-divided into smaller buckets. This allows policymakers and analysts to better understand the dynamics of the relative demand for rupees (by foreigners) and forex (among Indians). All transactions involving export or import of goods (cars, gadgets etc) are logged under the “trade account” within the current account.
But people also trade in “invisibles”. Essentially, this refers to export and import of services (such as an Indian company selling software to an American firm, or a European bank providing financial services to some Indians, or simply Indians working abroad sending back money to their families in India). The capital account, on the other hand involves investments (such as an Indian buying land in the US, or a Japanese firm investing in the Indian stock exchange) as well as exchange of loans between India and other countries.Incorrect
1, 2 and 4 are correct.
The BoP is essentially the overall ledger of how much rupee was demanded by the rest of the world and how much foreign currency (that is, currencies of all countries) was demanded by Indians. The BoP is divided into two “accounts” — current and capital. Current account refers to all transactions that are related to current consumption; capital account refers to transactions for investment purposes.
Each bucket is sub-divided into smaller buckets. This allows policymakers and analysts to better understand the dynamics of the relative demand for rupees (by foreigners) and forex (among Indians). All transactions involving export or import of goods (cars, gadgets etc) are logged under the “trade account” within the current account.
But people also trade in “invisibles”. Essentially, this refers to export and import of services (such as an Indian company selling software to an American firm, or a European bank providing financial services to some Indians, or simply Indians working abroad sending back money to their families in India). The capital account, on the other hand involves investments (such as an Indian buying land in the US, or a Japanese firm investing in the Indian stock exchange) as well as exchange of loans between India and other countries. -
Question 3 of 5
3. Question
1 pointsPM-AASHA Scheme is an umbrella scheme aimed at which of the following?
Correct
The Prime Minister’s Farmer Income Protection Scheme also known as PM AASHA is an umbrella scheme of the Government of India to ensure a price policy such as a minimum support price are fulfilled. It includes the former Price Support Scheme (PSS), a Price Deficiency Payment Scheme (PDPS) and a Private Procurement & Stockist Scheme (PPPS).
Incorrect
The Prime Minister’s Farmer Income Protection Scheme also known as PM AASHA is an umbrella scheme of the Government of India to ensure a price policy such as a minimum support price are fulfilled. It includes the former Price Support Scheme (PSS), a Price Deficiency Payment Scheme (PDPS) and a Private Procurement & Stockist Scheme (PPPS).
-
Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Mission on Advanced and High Impact Research
1. It is jointly funded by DRDO and the World Bank.
2. It aims to achieve Net Zero emissions along with promoting the UN Sustainable Development goals.
3. It will facilitate commercialisation of indigenous Technologies developed by Indian startups.
Which of the above statements are correct?Correct
Statement 1 is incorrect.
• The Mission on Advanced and High Impact Research has been launched jointly by the Ministry of Power and Ministry of New and Renewable Energy
• It is aimed to identify emerging technologies and areas of future relevance for the Global power sector and to take up indigenous end to end development of relevant Technologies.
• the mission will run for an initial period of 5 years from 2023-24 to 2027-28.
• It will be funded by Ministry of Power, Ministry of New and Renewable Energy and Central Public Sector Enterprises under these ministries
• additional funding if required, will be provided from budgetary sources of the central government.
• The mission will serve as a catalyst for National priorities such as achieving Net Zero emissions and promoting initiatives like Make in India and Start Up India
• it will also contribute towards achieving United Nations’ Sustainable Development goals.
• The project will support pilot projects of indigenous Technologies developed especially by Indian startups and facilitate their commercialisation.
MAHIR will work with premier institutions such as IITs, IIMs, NITs, IISR and universities on one hand and public and private power sector startups and established industries with the government acting as an enabler for creating an innovation ecosystem in the country.Incorrect
Statement 1 is incorrect.
• The Mission on Advanced and High Impact Research has been launched jointly by the Ministry of Power and Ministry of New and Renewable Energy
• It is aimed to identify emerging technologies and areas of future relevance for the Global power sector and to take up indigenous end to end development of relevant Technologies.
• the mission will run for an initial period of 5 years from 2023-24 to 2027-28.
• It will be funded by Ministry of Power, Ministry of New and Renewable Energy and Central Public Sector Enterprises under these ministries
• additional funding if required, will be provided from budgetary sources of the central government.
• The mission will serve as a catalyst for National priorities such as achieving Net Zero emissions and promoting initiatives like Make in India and Start Up India
• it will also contribute towards achieving United Nations’ Sustainable Development goals.
• The project will support pilot projects of indigenous Technologies developed especially by Indian startups and facilitate their commercialisation.
MAHIR will work with premier institutions such as IITs, IIMs, NITs, IISR and universities on one hand and public and private power sector startups and established industries with the government acting as an enabler for creating an innovation ecosystem in the country. -
Question 5 of 5
5. Question
1 pointsWhich of the following statements regarding Ecotone is/are correct?
1. Ecotone is a zone of tension.
2. Estuary is an example of Ecotone.
3. A well-developed ecotone contains some organisms which are entirely different from that of the adjoining communities.
Select the correct answer using the codes given belowCorrect
All of the above are correct.
Ecotone is a zone of junction between two or more diverse ecosystems. For e.g. the mangrove forests represent an ecotone between marine and terrestrial ecosystem. Other examples are – grassland, estuary and river bank.Characteristics of Ecotone
o It may be very narrow or quite wide.
o It has the conditions intermediate to the adjacent ecosystems. Hence it is a zone of tension.
o It is linear as it shows progressive increase in species composition of one in coming community and a simultaneous decrease in species of the other outgoing adjoining community.
o A well-developed ecotone contains some organisms which are entirely different from that of the adjoining communities.Incorrect
All of the above are correct.
Ecotone is a zone of junction between two or more diverse ecosystems. For e.g. the mangrove forests represent an ecotone between marine and terrestrial ecosystem. Other examples are – grassland, estuary and river bank.Characteristics of Ecotone
o It may be very narrow or quite wide.
o It has the conditions intermediate to the adjacent ecosystems. Hence it is a zone of tension.
o It is linear as it shows progressive increase in species composition of one in coming community and a simultaneous decrease in species of the other outgoing adjoining community.
o A well-developed ecotone contains some organisms which are entirely different from that of the adjoining communities.
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