12 June 2024

Q1. Consider the following statements:

1. Vietnam has been one of the fastest growing economies in the world in recent years.
2. Vietnam is led by a multi-party political system.
3. Vietnam’s economic growth is linked to its integration with global supply chains and focus on exports.
4. For a long time Vietnam’s low labour costs and stable exchange rates have attracted global manufacturers.
5. Vietnam has the most productive e-service sector in the Indo-Pacific region.

Which of the statements given above are correct?

(a) 2 and 4

(b) 3 and 5

(c) 1, 3 and 4

(d) 1 and 2

Ans: (c)

Explanation:

• Statement 1 is accurate. Vietnam’s economy may be the fastest-growing in the world, according to a PricewaterhouseCoopers forecast from February 2017. With an estimated 5.1% annual GDP growth rate, Vietnam’s economy would rank 10th in the world by 2050.
• The second statement is untrue: Vietnam is a democratic centrist one-party state with a Marxist–Leninist foundation.
• The third statement—that Vietnam’s economic expansion is correlated with its emphasis on exports and integration with international supply chains—is true.
• Statement 4 is true: Vietnam draws foreign investment due to its stable currency rates and cheap labor expenses.

Q2. In India, which one of the following is responsible for maintaining price stability by controlling inflation?

(a) Department of Consumer Affairs

(b) Expenditure Management Commission

(c) Financial Stability and Development Council

(d) Reserve Bank of India

Ans: (d)

Explanation:

• The Reserve Bank of India is in charge of preserving inflation control and price stability.
• In India, the MPC is in charge of it, although the RBI also performs the duties of the monetary policy committee and contributes significantly to MPC.

Q3. In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories  employing worker?

(a) Central Statistics Office

(b) Department for Promotion of Industry and Internal Trade

(c) Labour Bureau

(d) National Technical Manpower Information System

Ans: (c)

Explanation:

• Statistics on “Industrial Disputes, Closures, Retrenchments and Lay-offs in India” have been released by the Labour Bureau. based on the voluntary returns that the Regional Labour Commissioners and the Labor Departments of the States and Union Territories receive each month

Q4. If a particular area is brought under the Fifth Schedule of the Constitution of India, which one of the following statements best reflects the consequence of it?

(a) This would prevent the transfer of land of tribal people to non-tribal people.

(b) This would create a local self-governing body in that area.

(c) This would convert that area into a Union Territory.

(d) The State having such areas would be declared a Special Category State.

Ans: (a)

Explanation:

• Governor can make regulations for the peace and good government of a scheduled area after consulting the tribes advisory council. Such regulations may prohibit or restrict the transfer of land by tribal to non tribal members or among members of the scheduled tribes, regulate the allotment of land to members of the scheduled tribes

Q5. Which one of the following has been constituted under the Environment (Protection) Act, 1986?

(a) Central Water Commission

(b) Central Ground Water Board

(c) Central Ground Water Authority

(d) National Water Development Agency

Ans: (c)

Explanation:

• Central Ground Water Authority has been constituted under Section 3 (3) of the Environment (Protection) Act, 1986 to regulate and control development and management of groundwater resources in the country.