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Question 1 of 5
1. Question
1 pointsConsider the following statement with reference to Nominal GDP.
1. Nominal gross domestic product is gross domestic product (GDP) evaluated at current market prices
2. Nominal differs from real GDP in that it does not includes changes in prices due to inflation.Choose the correct answer from the option below:
Correct
Explanation:
Nominal GDP:
Nominal gross domestic product is gross domestic product (GDP) evaluated at current market
prices.
GDP is the monetary value of all the goods and services produced in a country.
Nominal differs from real GDP in that it includes changes in prices due to inflation, which reflects the rate of price increases in an economy.Incorrect
Explanation:
Nominal GDP:
Nominal gross domestic product is gross domestic product (GDP) evaluated at current market
prices.
GDP is the monetary value of all the goods and services produced in a country.
Nominal differs from real GDP in that it includes changes in prices due to inflation, which reflects the rate of price increases in an economy. -
Question 2 of 5
2. Question
1 pointsWith reference to National Legal Services Authority of India (NALSA), consider the following statements:
1. CJI is the Executive-Chairman of NALSA.
2. It organizes Lok Adalats for the speedy resolution of cases.
3. Free legal services entail the provision of free legal aid in both civil and criminal matters.Which of the statement given above is/are correct?
Correct
Explanation
About NALSA
National Legal Services Authority of India (NALSA) was formed on 9 November 1995 under the authority of the Legal Services Authorities Act 1987.
Its purpose is to provide free legal services to eligible candidates and to organize Lok Adalats for the speedy resolution of cases.
The CJI is patron-in-chief of NALSA while second seniormost judge of Supreme Court of India is the Executive-Chairman.
There is a provision for similar mechanism at state and district level also headed by Chief Justice of High Courts and Chief Judges of District courts respectively.
The prime objective of NALSA is speedy disposal of cases and reducing the burden of the judiciary.
Free legal services entail the provision of free legal aid in civil and criminal matters for those poor and marginalized people who cannot afford the services of a lawyer for the conduct of a case or a legal proceeding in any court, tribunal or before an authority.Incorrect
Explanation
About NALSA
National Legal Services Authority of India (NALSA) was formed on 9 November 1995 under the authority of the Legal Services Authorities Act 1987.
Its purpose is to provide free legal services to eligible candidates and to organize Lok Adalats for the speedy resolution of cases.
The CJI is patron-in-chief of NALSA while second seniormost judge of Supreme Court of India is the Executive-Chairman.
There is a provision for similar mechanism at state and district level also headed by Chief Justice of High Courts and Chief Judges of District courts respectively.
The prime objective of NALSA is speedy disposal of cases and reducing the burden of the judiciary.
Free legal services entail the provision of free legal aid in civil and criminal matters for those poor and marginalized people who cannot afford the services of a lawyer for the conduct of a case or a legal proceeding in any court, tribunal or before an authority. -
Question 3 of 5
3. Question
1 pointsA new species Pinanga Andamanensis was seen recently in the news. Consider the following statements in this regards:
1. It is one of the least known among the endemic palms of the Andaman Islands.
2. Pinanga andamanensis is an IUCN critically endangered species
3. Occurs only in a tiny, evergreen forest pocket.Which of the statement given above is/are correct?
Correct
Pinanga Andamanensis
Pinanga andamanensis is an IUCN critically endangered species and one of the least known among the endemic palms of the Andaman Islands.
The name is derived from ‘Penang’, the modern-day Malaysian state.
Its entire population of some 600 specimens naturally occurs only in a tiny, evergreen forest pocket in South Andaman’s Mount Harriet National Park.
It was originally described by the Italian botanist Odoardo Beccari in 1934.
His description was based on an old herbarium specimen collected by E.H. Man, a late-19th century assistant superintendent in the Andaman administration.
After that first identification, it was thought to be extinct till 1992.Incorrect
Pinanga Andamanensis
Pinanga andamanensis is an IUCN critically endangered species and one of the least known among the endemic palms of the Andaman Islands.
The name is derived from ‘Penang’, the modern-day Malaysian state.
Its entire population of some 600 specimens naturally occurs only in a tiny, evergreen forest pocket in South Andaman’s Mount Harriet National Park.
It was originally described by the Italian botanist Odoardo Beccari in 1934.
His description was based on an old herbarium specimen collected by E.H. Man, a late-19th century assistant superintendent in the Andaman administration.
After that first identification, it was thought to be extinct till 1992. -
Question 4 of 5
4. Question
1 pointsRecently the Shekatkar Committee was seen in the news in context of:
Correct
Explanation:
About Shekatkar Committee
The military reforms committee – under Lt General (retd.) DB Shekatkar – was set up by then Raksha Mantri Manohar Parrikar in 2015.
The committee was established with a mandate for Enhancing Combat Capability and Rebalancing Defence Expenditure.
Shekatkar Committee had made recommendations on enhancing the combat potential of India’s three armed forces, rationalizing the defence budget etc.
The committee submitted its report on December 21, 2016. It had apparently exceeded its brief with some 200 recommendations.
A major recommendation is that the defence budget should be 2.5% to 3% of the GDP.Recommendations on border infrastructure
On the matter related to creating border infrastructure, the Government has implemented the recommendation of CoE to outsource road construction work beyond the optimal capacity of Border Roads Organisation (BRO).
These were related to speeding up road construction, leading to socio-economic development in the border areas.
The other recommendation relating to the introduction of modern construction plants, equipment and machinery has been implemented.Incorrect
Explanation:
About Shekatkar Committee
The military reforms committee – under Lt General (retd.) DB Shekatkar – was set up by then Raksha Mantri Manohar Parrikar in 2015.
The committee was established with a mandate for Enhancing Combat Capability and Rebalancing Defence Expenditure.
Shekatkar Committee had made recommendations on enhancing the combat potential of India’s three armed forces, rationalizing the defence budget etc.
The committee submitted its report on December 21, 2016. It had apparently exceeded its brief with some 200 recommendations.
A major recommendation is that the defence budget should be 2.5% to 3% of the GDP.Recommendations on border infrastructure
On the matter related to creating border infrastructure, the Government has implemented the recommendation of CoE to outsource road construction work beyond the optimal capacity of Border Roads Organisation (BRO).
These were related to speeding up road construction, leading to socio-economic development in the border areas.
The other recommendation relating to the introduction of modern construction plants, equipment and machinery has been implemented. -
Question 5 of 5
5. Question
1 pointsThe economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus
Correct
Explanation: The economic cost of food grains procured by the Food Corporation of India (FCI) is a total of Minimum Support Price and bonus (if any) paid to the farmers plus the procurement incidentals and distribution cost. The economic cost has three main components – procurement cost, procurement price, and distribution cost. The procurement incidentals are the initial costs incurred during procurement of foodgrains. The FCI buys foodgrains from the farmers at the pre-announced Minimum Support Price. The distribution costs include freight, handling charges, storage charges, losses during trasit and establishment cost.
Incorrect
Explanation: The economic cost of food grains procured by the Food Corporation of India (FCI) is a total of Minimum Support Price and bonus (if any) paid to the farmers plus the procurement incidentals and distribution cost. The economic cost has three main components – procurement cost, procurement price, and distribution cost. The procurement incidentals are the initial costs incurred during procurement of foodgrains. The FCI buys foodgrains from the farmers at the pre-announced Minimum Support Price. The distribution costs include freight, handling charges, storage charges, losses during trasit and establishment cost.
Results
3 of 5 questions answered correctly
You have reached 3 of 5 points, (60%)
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You have reached 5 of 5 points, (100%)
Average score 44.69%
Your score 100%