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Question 1 of 10
1. Question
2 points
In India, most freight traffic is presently handled by the
Correct
Network expansion in Railways has lagged behind capacity addition in the domestic roads sector. So, significant freight share has gone to the roadways, instead of more efficient Railways.
Incorrect
Network expansion in Railways has lagged behind capacity addition in the domestic roads sector. So, significant freight share has gone to the roadways, instead of more efficient Railways.
Question 2 of 10
2. Question
2 points
Consider the following statements regarding Dedicated Freight Corridor.
Dedicated Freight Corridor Corporation of India Limited (DFCCIL) run by the Ministry of Railways undertakes the operation of the “Dedicated Freight Corridors” (DFC).
1.The Western DFC is lengthier than the Eastern DFC.
2.Western Dedicated Freight Corridor (WDFC) runs from Uttar Pradesh to Mumbai.
3.Which of the above statements is/are correct?
Correct
The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) recently announced that Indian Railways will be running its freight trains on 40% of the dedicated freight corridor (DFC) by next year. The DFC project is one of the Indian Railways’ largest infrastructure projects. The 1,504 kms long Western DFC is from J N Port in Mumbai, Maharashtra to Dadri in the state of Uttar Pradesh and the 1,856 kms long Eastern DFC is from Sahnewal near Ludhiana in Punjab to Dankuni in the state of West Bengal.
Incorrect
The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) recently announced that Indian Railways will be running its freight trains on 40% of the dedicated freight corridor (DFC) by next year. The DFC project is one of the Indian Railways’ largest infrastructure projects. The 1,504 kms long Western DFC is from J N Port in Mumbai, Maharashtra to Dadri in the state of Uttar Pradesh and the 1,856 kms long Eastern DFC is from Sahnewal near Ludhiana in Punjab to Dankuni in the state of West Bengal.
Question 3 of 10
3. Question
2 points
Ministry of Mines is responsible for
1.Survey and exploration of all minerals
2.Mining and metallurgy of non-ferrous metals
3.Administration and management of Geological Survey of India
Select the correct answer code:
Correct
Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gas, petroleum and atomic minerals; for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel etc. and for administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect of all mines and minerals other than coal, natural gas and petroleum.
Incorrect
Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gas, petroleum and atomic minerals; for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel etc. and for administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect of all mines and minerals other than coal, natural gas and petroleum.
Question 4 of 10
4. Question
2 points
The term “Sub Urbanisation” refers to
Correct
Suburbanization is a population shift from central urban areas into suburbs, resulting in the formation of (sub)urban sprawl. As a consequence of the movement of households and businesses out of the city centers, low-density, peripheral urban areas grow. (Sub-urbanization is inversely related to urbanization, which denotes a population shift from rural areas into urban centres.)
Many residents of metropolitan regions work within the central urban area, and choose to live in satellite communities called suburbs and commute to work via automobile or mass transit.
Incorrect
Suburbanization is a population shift from central urban areas into suburbs, resulting in the formation of (sub)urban sprawl. As a consequence of the movement of households and businesses out of the city centers, low-density, peripheral urban areas grow. (Sub-urbanization is inversely related to urbanization, which denotes a population shift from rural areas into urban centres.)
Many residents of metropolitan regions work within the central urban area, and choose to live in satellite communities called suburbs and commute to work via automobile or mass transit.
Question 5 of 10
5. Question
2 points
Open Acreage Licensing, often seen in news, is related to
Correct
Solution: a)
Incorrect
Solution: a)
Question 6 of 10
6. Question
2 points
There will be progressively lesser difference between Gross Domestic Product (GDP) and Net Domestic Product (NDP)
Correct
NDP is essentially the GDP discounted for the total value of the ‘wear and tear’ (depreciation) that happened in the assets while the goods and services were being produced. It means GDP minus depreciation is NDP.
Depreciation is caused due to wear and tear of capital or due to poor technological growth that fails to cut down levels of depreciation.
Incorrect
NDP is essentially the GDP discounted for the total value of the ‘wear and tear’ (depreciation) that happened in the assets while the goods and services were being produced. It means GDP minus depreciation is NDP.
Depreciation is caused due to wear and tear of capital or due to poor technological growth that fails to cut down levels of depreciation.
Question 7 of 10
7. Question
2 points
The market value of intermediary goods is deducted from the calculation of Gross Domestic Product (GDP) to
1.Avoid double counting of goods
2.Include the value of depreciation in the capital stock
Which of the above statements is/are correct?
Correct
An intermediate good is a product utilized to produce a final good or finished product. These goods are sold between industries for resale or for the production of other goods.
Since GDP (gross domestic product) is a measurement of the market value of final goods, using intermediate goods in the calculation would result in goods being counted twice, and thus the figure would be inaccurate.
Incorrect
An intermediate good is a product utilized to produce a final good or finished product. These goods are sold between industries for resale or for the production of other goods.
Since GDP (gross domestic product) is a measurement of the market value of final goods, using intermediate goods in the calculation would result in goods being counted twice, and thus the figure would be inaccurate.
Question 8 of 10
8. Question
2 points
“Rent Seeking activities” by business firms often involve
Correct
Solution: b)
Incorrect
Solution: b)
Question 9 of 10
9. Question
2 points
With reference to the ‘Cash Management Bills’, consider the following statements:
1.They are the long term bills
2.The bills are issued by the RBI on behalf of the government
3.They are eligible as SLR securities for Banks.
Which of the above statements is/are correct?
Correct
Cash Management Bills (CMBs) are short term bills issued by central government to meet its immediate cash needs.
The bills are issued by the RBI on behalf of the government. Hence the CMBs are short-term money market instruments that help the government to meet its temporary cash flow mismatches.
Incorrect
Cash Management Bills (CMBs) are short term bills issued by central government to meet its immediate cash needs.
The bills are issued by the RBI on behalf of the government. Hence the CMBs are short-term money market instruments that help the government to meet its temporary cash flow mismatches.
Question 10 of 10
10. Question
2 points
With reference to capital markets, consider the following statements:
1.Capital market deals in financial instruments and commodities that are long-term securities.
2.Secondary Market exclusively deals with the issue of new securities.
Which of the above statements is/are correct?
Correct
Capital market deals in financial instruments and commodities that are long-term securities. They have a maturity of at least more than one year.
The most important type of capital market is the primary market. It is what we call the new issue market. It exclusively deals with the issue of new securities, i.e. securities that are issued to investors for the very first time.
Incorrect
Capital market deals in financial instruments and commodities that are long-term securities. They have a maturity of at least more than one year.
The most important type of capital market is the primary market. It is what we call the new issue market. It exclusively deals with the issue of new securities, i.e. securities that are issued to investors for the very first time.
