14 August 2023
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14th August 2023 Static Quiz for UPSC Prelims
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Question 1 of 5
1. Question
2 pointsConsider the following statements about the types of economies:
a)In a socialist economy, the goods produced are distributed among people not on the basis of what people need but on the basis of Purchasing Power.
b)In a capitalist economy, the government decides what goods are to be
c)produced in accordance with the needs of society.
d)In a mixed economy, the market will provide whatever goods and services it can produce well, and the government will provide essential goods and services which the market fails to do.
How many of the statements given above are correct?Correct
The answer is a.
Statements 1 and 2 are wrong. Statement 3 is correct.
Statement 1: In a capitalist economy, the goods produced are distributed among people not on the basis of what people need but on the basis of purchasing power.
Statement 2: In a socialist economy, the government decides what goods are to be produced in accordance with the needs of society.
Statement 3: In a mixed economy, the market will provide whatever goods and services it can produce well, and the government will provide essential goods and services which the market fails to do.Incorrect
The answer is a.
Statements 1 and 2 are wrong. Statement 3 is correct.
Statement 1: In a capitalist economy, the goods produced are distributed among people not on the basis of what people need but on the basis of purchasing power.
Statement 2: In a socialist economy, the government decides what goods are to be produced in accordance with the needs of society.
Statement 3: In a mixed economy, the market will provide whatever goods and services it can produce well, and the government will provide essential goods and services which the market fails to do. -
Question 2 of 5
2. Question
2 pointsConsider the following:
a)Grey Revolution: Fertilizer
b)Pink Revolution: Onion production
c)Blue Revolution : Fish production
d)Yellow Revolution : Honey production
e)Golden Revolution : Oilseed production
How many of the above are correct?Correct
The answer is b.
Grey Revolution: Fertilizer
Pink Revolution: Onion production
Blue Revolution : Fish production
Yellow Revolution : Oilseed production
Golden Revolution : Honey productionIncorrect
The answer is b.
Grey Revolution: Fertilizer
Pink Revolution: Onion production
Blue Revolution : Fish production
Yellow Revolution : Oilseed production
Golden Revolution : Honey production -
Question 3 of 5
3. Question
2 pointsThe committee that noted the possibility of using small-scale industries for promoting rural development is :
Correct
The answer is d.
The committee that noted the possibility of using small-scale industries for promoting rural development is Karve Committee.Incorrect
The answer is d.
The committee that noted the possibility of using small-scale industries for promoting rural development is Karve Committee. -
Question 4 of 5
4. Question
2 pointsThe privatisation of the public sector enterprises by selling off part of the equity of Public Sector Enterprises to the public is called:
Correct
The answer is c.
The privatisation of the public sector enterprises by selling off part of the equity of Public Sector Enterprises to the public is called Disinvestment. The purpose of the
sale, according to the government, was mainly to improve financial discipline and facilitate modernisation.Incorrect
The answer is c.
The privatisation of the public sector enterprises by selling off part of the equity of Public Sector Enterprises to the public is called Disinvestment. The purpose of the
sale, according to the government, was mainly to improve financial discipline and facilitate modernisation. -
Question 5 of 5
5. Question
2 pointsConsider the following:
a)Indian Oil Corporation Limited
b)Steel Authority of India Limited
c)Hindustan Aeronautics Limited
How many of the above are Maharatnas?Correct
The answer is b.
In order to improve efficiency, infuse professionalism and enable them to compete more effectively in the liberalised global environment, the government identifies Public Sector Enterprises and declare them as maharatnas, navratnas and miniratnas. The Central Public Sector Enterprises are designated with different status. A few examples of public enterprises with their status are as follows:
(i) Maharatnas – (a) Indian Oil Corporation Limited, and (b) Steel Authority of
India Limited, (ii) Navratnas – Hindustan Aeronautics Limited, (iii) Miniratnas- Antrix Corporation.Incorrect
The answer is b.
In order to improve efficiency, infuse professionalism and enable them to compete more effectively in the liberalised global environment, the government identifies Public Sector Enterprises and declare them as maharatnas, navratnas and miniratnas. The Central Public Sector Enterprises are designated with different status. A few examples of public enterprises with their status are as follows:
(i) Maharatnas – (a) Indian Oil Corporation Limited, and (b) Steel Authority of
India Limited, (ii) Navratnas – Hindustan Aeronautics Limited, (iii) Miniratnas- Antrix Corporation.
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