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UPSC CSE Detailed Answer Key Prelims 2022
Download Detailed Answer KEY PDF. (revised) [recommended]
1. “Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following ?
(a) Asian Development Bank
(b) International Monetary Fund
(c) United Nations Environment Programme Finance Initiative
(d) World Bank
2. With reference to the Indian economy, consider the following statements :
1. An increase in Nominal Effective Exchange Rate (NEER) indicates the appreciation of rupee.
2. An increase in the Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness.
3. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER.
Which of the above statements are correct ?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: C
The real effective exchange rate (REER) compares a nation’s currency value against the weighted average of the currencies of its major trading partners.
(a) It is an indicator of the international competitiveness of a nation in comparison with its trade partners.
(b) The formula is weighted to take into account the relative importance of each trading partner to the home country.
(c) An increasing REER indicates that a country is losing its competitive edge.
(d) A nation’s nominal effective exchange rate (NEER), adjusted for inflation in the home country, equals its real effective exchange rate (REER).
3. With reference to the Indian economy, consider the following statements :
1. If the inflation is too high, Reserve Bank of India (RBI) is likely to buy government securities.
2. If the rupee is rapidly depreciating, RBI is likely to sell dollars in the market.
3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars.
Which of the statements given above are correct ?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: B
If the inflation is too high, Reserve Bank of India (RBI) is likely to SELL government securities.
4. With reference to the “G20 Common Framework”, consider the following statements :
1. It is an initiative endorsed by the G20 together with the Paris Club.
2. It is an initiative to support Low Income Countries with unsustainable debt.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: C
The Common Framework for Debt Treatments beyond the DSSI is an agreement of the G20 and Paris Club countries to coordinate and cooperate on debt treatments for up to 73 low income countries.
It provides incentives for up to 73 low income countries. For countries having unsustainable debt, the agreement provides for deep debt restructuring.
https://www.imf.org/en/About/FAQ/sovereign-debt
5. With reference to the Indian economy, what are the advantages of “Inflation-Indexed Bonds (IIBs)” ?
Government can reduce the coupon rates on its borrowing by way of IIBs
IIBs provide protection to the investors from uncertainty regarding inflation.
The interest received as well as capital gains on IIBs are not taxable.
Which of the statements given above are correct ?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: A
https://m.rbi.org.in/Scripts/FAQView.aspx?Id=91
6. With reference to foreign-owned e-commerce firms. operating in India, which of the following statements is/are correct ?
1. They can sell their own goods in addition to offering their platforms as market-places.
2. The degree to which they can own big sellers on their platforms is limited.
Select the correct answer using the code given below :
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer : B
India tightens the noose on ecommerce players: In January, India was all set to tighten the foreign direct investment (FDI) rules for ecommerce to check companies set up by the online marketplaces from trading on their own platform. The rules barred online marketplaces from holding inventory of their own or influencing the price of goods on their platforms. They also prohibited group companies or entities in which marketplaces have control of inventory to sell on their platforms, among other things.
https://economictimes.indiatimes.com/tech/tech-bytes/2021-year-in-review-the-chaos-and-confusion-around-indias-ecommerce-rules/articleshow/88614007.cms?from=mdr
7. Which of the following activities constitute a real sector in the economy ?
1. Farmers harvesting their crops
2. Textile mills converting raw cotton into fabrics
3. A commercial bank lending money to a trading company
4. A corporate body issuing Rupee Denominated Bonds overseas
Select the correct answer using the codes given below
(a) 1 and 2
(b) 2, 3 and 4 only
(c) 1, 3 and 4 only
(d) 1, 2, 3 and 4
Answer: A
The real sector of the economy consists of enterprises (nonfinancial corporations), households and nonprofit institutions serving households.
The statements 3 and 4 mention about financial corporations. Hence they will not be considered as real sector in the economy.
8. Which one of the following situations best reflects “Indirect Transfers” often talked about in the media recently with reference to India ?
(a) An Indian company investing in a foreign enterprise and paying taxes to the foreign country on the profits arising out of its investment
(b) A foreign company investing in India and paying taxes to the country of its base on the profits arising out of its investment
(c) An Indian company purchases tangible assets in a foreign country and sells such assets after their value increases and transfers the proceeds to India
(d) A foreign company transfers shares and such shares derive their substantial value from assets loCated in India
Answer: D
Indirect transfers refer to situations where when foreign entities own shares or assets in India, the shares of such foreign entities are transferred instead of a direct transfer of the underlying assets in India.
https://kluwerlawonline.com/journalarticle/Intertax/45.10/TAXI2017057#:~:text=Indirect%20transfers%20refer%20to%20situations,the%20underlying%20assets%20in%20India.
9. With reference to the expenditure made by an organisation or a company, which of the following statements is/are correct ?
1. Acquiring new technology is capital expenditure.
2. Debt financing is considered capital expenditure, while equity financing is considered revenue expenditure.
Select the correct answer using the code given below :
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: A
Both debt and equity financing are capital expenditure
10. With reference to the Indian economy, consider the following statements :
1. A share of the household financial savings goes towards government borrowings.
2. Dated securities issued at market-related rates in auctions form a large component of internal debt.
Which of the above statements is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: C
Gross financial savings of households include monies saved in banks, provident funds, pension schemes, shares, insurance and in the form of currency, among other categories. These savings form the pool of domestic finance for investments which are crucial to job creation, and are currently critical as they will be crucial in deciding the pace of economic revival
https://www.business-standard.com/article/economy-policy/household-financial-savings-improve-on-sharp-decline-in-borrowings-rbi-120082501704_1.html
https://m.rbi.org.in/Scripts/AnnualReportPublications.aspx?Id=1320
11. Consider the folIowing statements :
1. Pursuant to the report of H.N. Sanyal Committee, the Contempt of Courts Act, 1971 was passed.
2. The Constitution of India empowers the Supreme Court and the High Courts to punish for contempt of themselves.
3. The Constitution of India defines Civil Contempt and Criminal Contempt.
4. In India, the Parliament is vested with the powers to make laws on Contempt of Court.
Which of the statements given above is/are correct ?
(a) 1 and 2 only
(b) 1, 2 and 4
(c) 3 and 4 only
(d) 3 only
Answer: B
The 3rd statement is wrong. Constitution does not defines the Contempt of Court.
Contempt of court is also a ground on which the right to freedom of speech in India can be restricted. In 1961, a committee headed by H.N. Sanyal, an Additional Solicitor General for the Government of India, was appointed to examine the application of contempt laws in India
https://www.legalserviceindia.com/article/l255-Contempt-of-Court.html
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12. With reference to India, consider the following statements :
1. Government law officers and legal firms are recognised as advocates, but corporate lawyers and patent attorneys are excluded from recognition as advocates.
2. ‘Bar Councils have the power to lay down the rules relating to legal education and recognition of law colleges.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: B
http://www.barcouncilofindia.org/about/legal-education/#:~:text=The%20Bar%20Council%20of%20India%20visits%20and%20inspects%20Universities%2FLaw,and%20the%20State%20Bar%20Councils.
https://www.origiin.com/2021/01/22/career-in-ipr-for-advocates/#:~:text=A%20patent%20attorney%20on%20the,graduate%20of%20a%20scientific%20domain.
13.Consider the following statements :
1. A bill amending the Constitution requires a prior recommendation of the President of India.
2. When a Constitution Amendment Bill is presented to the President of India, it is obligatory for the President of India to give his/her assent.
3. A Constitution Amendment Bill must be passed by both the Lok Sabha and the Rajya Sabha by a special majority and there is no provision for joint sitting.
Which of the statements given above are correct ?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: B
14. Consider the following statements :
1. The Constitution of India classifies the ministers into four ranks viz. Cabinet Minister, Minister of State with Independent Charge, Minister of State and Deputy Minister.
2. The total number of ministers in the Union Government, including the Prime Minister, shall not exceed 15 percent of the total number of members in the Lok Sabha.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: B
https://legislative.gov.in/sites/default/files/amend91.pdf
15. Which of the following is/are the exclusive power(S) of Lok Sabha ?
1. To ratify the declaration of Emergency
2. To pass a motion of no-confidence against the Council of Ministers
3. To impeach the President of India
Select the correct answer using the code given below :
(a) 1 and 2
(b) 2 only
(c) 1 and 3
(d) 3 only
Answer: B
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16.With reference to anti-defection law in India, consider the following statements :
1. The law specifies that a nominated legislator cannot join any political party within six months of being appointed to the House.
2. The law does not provide any time-frame within which the presiding officer has to decide a defection case.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: B
17. Consider the following statements :
1. Attorney General of India and Solicitor General of India are the only officers of the Government who are allowed to participate in the meetings of the Parliament of India.
2. According to the Constitution of India, the Attorney General of India submits his resignation when the Government which appointed him resigns.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: D
18. With reference to the writs issued by the Courts in India, consider the following statements :
1. Mandamus will not lie against a private organisation unless it is entrusted with a public duty.
2. Mandamus will not lie against a Company even though it may be a Government Company.
3. Any public minded person can be a petitioner to move the Court to obtain the writ of Quo Warranto.
Which of the statements given is correct ?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: C
19. With reference to Ayushman Bharat Digital Mission, consider the following statements :
1. Private and public hospitals must adopt it.
2. As it aims to achieve universal health coverage, every citizen of India should be part of it ultimately.
3. It has seamless portability across the country.
Which of the statements given above is/are correct ?
(a) 1 and 2 only
(b) 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: D
Ayushman Bharat Digital Mission aims to provide digital health IDs for all Indian citizens to help hospitals, insurance firms, and citizens access health records electronically when required.
A health ID will be issued for every citizen that will also work as their health account. This health account will contain details of every test, every disease, the doctors visited, the medicines taken and the diagnosis.
Health ID is free of cost, voluntary. It will help in doing analysis of health data and lead to better planning, budgeting and implementation for health programs.
The other major component of the programme is creating a Healthcare Professionals’ Registry (HPR) and Healthcare Facilities Registry (HFR), allowing easy electronic access to medical professionals and health infrastructure.
The HPR will be a comprehensive repository of all healthcare professionals involved in delivering healthcare services across both modern and traditional systems of medicine.
The HFR database will have records of all the country’s health facilities. (public and private)
20. With reference to Deputy Speaker of Lok Sabha, consider the following statements :
1. As per the Rules of Procedure and Conduct of Business in Lok Sabha, the election of Deputy Speaker shall be held on such date as the Speaker may fix.
2. There is a mandatory provision that the election of a candidate as Deputy Speaker of Lok Sabha shall be from either the principal opposition party or the ruling party.
3. The Deputy Speaker has the same power as of the Speaker when presiding over the sitting of the House and no appeal lies against his rulings.
The well established parliamentary practice regarding the appointment of Deputy Speaker is that the motion is moved by the Speaker – and duly seconded by the Prime Minister.
Which of the statements given above are correct ?
(a) 1 and 3 only
(b) 1, 2 and 3
(c) 3 and 4 only
(d) 2 and 4 only
Answer: A
21. Among the following crops, which one is the most important anthropogenic source of both methane and nitrous oxide ?
Cotton
Rice
Sugarcane
Wheat
Answer: B
Important anthropogenic sources of biogenic methane are wet rice fields, cattle, animal waste, landfills and biomass burning. Important anthropogenic sources of biogenic nitrous oxide are land-use change, fertilizer production and use and manure application.
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