1. Economy
  2. Yearbook

Economy

1. Which one among the following is the correct descending sequence of India’s import of Commodities in terms of value?

  1. Capital Goods—Electronic Goods—Food Products —Fertilizers
  2. Fertilizers—Food Products —Electronic Goods —Chemicals
  3. Capital Goods—Electronic Goods—Food Products—Chemicals
  4. Electronic Goods—Capital Goods—Fertilizers —Food Products

From Economic Survey 2012 Chapter 7, page 13

Item Approx % share in Import in 2011-12
Capital goods 12
Electronic 7
Food 3
Fertilizer 2

Therefore, (A) is the answer.

2. Which of the following service-sectors in India had the highest percentage share to India’s GDP -, the year 2010-2011?

  1. Trade, hotels and restaurants
  2. Construction
  3. Transport, storage and communication
  4. Community, social and personal services

From Economic Survey 2012 Chapter 10, page 3

Sector 2010-11
  1. Trade, hotels and restaurants
16.9
  1. Construction
8.2
  1. Transport, storage and communication
7.7
  1. Community, social and personal services
14.3

So (A) trade hotels resturants is the correct answer.

3.India signed an agreement to avoid double taxation and prevent fiscal evasion with respect to taxes on income on 27th July, 2012 with

  1. Japan
  2. Indonesia
  3. Sweden
  4. Bangladesh

It is indonesia: http://pib.nic.in/newsite/erelease.aspx?relid=85626

So (B) is the correct answer.

4. In a major policy decision, the Central Government has recently decided to allow Qualified Foreign Investors (QFIs) to directly invest in Indian equity market. India received her first investment through Qualified Framework Investor Route worth $ 5m following the deal struck by

  1. Unit Trust of India
  2. Kotak Mahindra Bank
  3. Tata Consultancy Services
  4. Reliance Energy

It was Kotak Mahindra

Answer is (B)

5. Consider the following statements :

According to the Second Annual Employment-Unemployment Survey Report, 2011-2012 conducted by the Labour Bureau, Government of India

  1. unemployment rate in the country during the period has come down significantly over previous year
  2. Gujarat tops the list of least unemployed among all the states during the period

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

For 2011-12, The unemployment rate is estimated to be 3.8 per cent at All India level, according to that survey. But I’m still looking data for “previous year”. So Inconclusive about Statement 1.

Statement 2 is definitely correct according to that survey.

Answer: yet to find. Most probably (B), because of the word “Significant” hehehe.

6. Which among the following statements about the acquisition of wireless division of WPCS International by a Bengaluru-based Indian firm Kavveri Telecom in July 2012 is/are correct?

  1. WPCS International has been into the business of wireless communication making solutions used by the police officers, firemen and other emergency services.
  2. Kavveri Telecom makes cellphone tower radio frequercy components, repeaters and other telecom products
  3. WPCS International is a London-based firm.

Select the correct answer using the code given below.

  1. 1,2 and 3
  2. 1 and 2
  3. 2 and 3
  4. Only 1

Kavveri Telecom, a Bangalore-based telecom products manufacturer, has acquired US-based WPCS International’s wireless communications division, which makes solutions used by police officers, firemen and other emergency services. So statement 1 and 2 are correct.

But Statement (3) is incorrect, as WPCS is a US-based firm.

Answer is (B)

Yearbook

1. As per the Bureau of Indian Standard, the domestic water demand in India in LPCD (liter per capita per day) is

  1. 60
  2. 100
  3. 135
  4. 270

Still looking for answer.

2. The Government of India has recently established a committee Under the chairmanship of S. K. Thorat. What was the mandate of the committee?

  1. To review the working of the NCERT
  2. To frame some guidelines for preparing the syllabus of the central schools
  3. To review political cartoons and other contents of the social science and political science textbooks for class IX to XII
  4. To determine the guidelines to prepare the test items

SK Thorat Committee was set up to review political cartoons and other contents of the social science and political science textbooks for class IX to XII following protests by the Members of Parliament.

http://articles.economictimes.indiatimes.com/2012-07-14/news/32674976_1_political-science-textbooks-anti-hindi-agitation-ncert

.

Answer (C)

3. Initiatives taken by the Government of India with regard to total sanitation campaign :

  1. Implementation of Nirmal Bharat Abhiyan scheme
  2. Encouragement of the use of bio-toilet facility developed by DRDO on bio-digester technology
  3. Making toilet construction mandatory for every household

Which of the above is/are correct?

  1. 1, 2 and 3
  2. 1 and 2 only
  3. 2 and 3 only
  4. 1 only

1 is correct Total Sanitation Campaign has been renamed into Nirmal Bharat Abhiyan. http://pib.nic.in/newsite/erelease.aspx?relid=84760

2 is correct: http://www.downtoearth.org.in/content/centre-launches-bio-toilets-curb-open-defecation

3 is not yet provided.

Hence answer is (B)

4. Consider the following statements about irrigation in Punjab :

  1. Intensity of irrigation is the highest among all Indian States.
  2. Area under canal irrigation is the highest among all Indian States.
  3. There has been severe land degradation in Punjab owing to agricultural modernization including high intensity of irrigation.

Which of the statements given above is/are correct?

  1. 1, 2 and 3
  2. 1 and 3 only
  3. 2 and 3 only
  4. 1 only

Area under Canal irrigation is not highest in Punjab.

In terms of absoulate acre value or percentage value- there are states higher than Punjab, under Canal Irrigation. (Haryana, UP) Source: India and World Geography, Majid Hussain. So Statement 2 is incorrect. That eliminates A and C

Punjab’s Land degradation is a fact. And Canal irrigation leads to salinization and/or alkalization. Therefore 3 is also correct.

Ans is (B) 1 and 3 only. (or debatable hahaha)

5. The Golden Quadrilateral of India connects which of the following places?

  1. Srinagar—Porbandar —Kanyakumari—Silchar
  2. Delhi—Mumbai—Chennai—Kolkata
  3. Delhi—Mumbai—Kanyakumari—Kolkata
  4. Jammu—Ahmedabad —Chennai—Kolkata

It is Delhi-Kolkata-Chennai-Mumbai, NCERT Class 10 Geography, Chapter 7.

Answer is (B)

6. In the context of agricultural revolution in India, which of the following statements is/are correct?

  1. White revolution in the field of agricultural development is associated with modernization of sheep farming.
  2. Second green revolution is associated with development of horticulture.
  3. Blue revolution in the field of agriculture is associated with improvement in the production of fish and marine products.

Select the correct answer using the code given below.

  1. only 1
  2. only 3
  3. 2 and 3
  4. 1, 2 and 3
  • White Revolution =milk. (NCERT Class 9 Science, Chapter 15) so, 1 is incorrect, and that eliminates A and D
  • Second green revolution  will focus on non-food crops, horticulture and new plant varieties. So 2 is correct. http://www.business-standard.com/india/news/pm-calls-for-second-green-revolution/229136/
  • National Fisheries Development Board was established to work towards blue revolution with a focus on to increase the fish production of the country (India Yearbook, Chapter on Agriculture) So 3 is correct.

Answer (C): 2 and 3 correct.

7. Given below are some of the important training institutes of the Indian Army :

  1. High Altitude Warfare School (Gulmarg, Jammu & Kashmir)
  2. College of Military Engineering (Pune, Maharashtra)
  3. Army War College (Mhow, MP)
  4. Counter Insurgency and Jungle Warfare School (Mizoram)

Arrange the locations of the above institutes from North to South.

  1. 1-4-3-2
  2. 4-1-2-3
  3. 2-3-1-4
  4. 3-1-4-2

I’ve added the locations in the question itself.
Now from North to South: Gulmarg(1), Mizo(4), MP(3),Pune(2)
So (A) is the answer.

Remaining segments:

History, Geography, Environment and Polity= will be uploaded soon.