UPSC CSE Prelims Exam 05 June 2022 – Paper 1 (Answer Key)

61. Consider the following statements :
1. Tight monetary policy of US Federal Reserve could lead to capital flight.
2. Capital flight may increase the interest cost of firms with existing External Commercial Borrowings (ECBs).
3. Devaluation of domestic currency decreases the currency risk associated with ECBs.
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

62. Consider the following States :
1. Andhra Pradesh
2. Kerala
3. Himachal Pradesh
4. Tripura
How many of the above are generally known as tea-producing States ?
(a) Only one State
(b) Only two States
(c) Only three States
(d) All four States

63. Consider the following statements :
1. In India, credit rating agencies are regulated by Reserve Bank of India.
2. The rating agency popularly known as ICRA is a public limited company.
3. Brickwork Ratings is an Indian credit rating agency. 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

64. With reference to the ‘Banks Board Bureau (BBB)’, which of the following statements are correct?
1. The Governor of RBI is the Chairman of BBB.
2. BBB recommends for the selection of heads for Public Sector Banks.
3. BBB helps the Public Sector Banks in developing strategies and capital raising plans.
Select the correct answer using the code given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

65. With reference to Convertible Bonds, consider the following statements : :
1. As there is an option to exchange the bond for equity, Convertible Bonds pay a lower rate of interest.
2.The option to convert to equity affords the bondholder a degree of indexation to 3 rising consumer prices.
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

66. Consider the following:
1. Asian Infrastructure Investment Bank
2. Missile Technology Control Regime
3. Shanghai Cooperation Organisation
India is a member of which of the above ?
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3

67. Consider the following statements :
1. Vietnam has been one of the fastest growing economies in the world in the 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

68. 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

69. With reference to Non-Fungible Tokens (NFTs), consider the following statements :
1. They enable the digital representation of physical assets.
2. They are unique cryptographic tokens that exist on a blockchain
3. They can be traded or exchanged at to equivalency and therefore can be used as a medium of commercial transactions.
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

70. Consider the following pairs :
Reservoirs – States
1. Ghataprabha – Telangana
2. Gandhi Sagar – Madhya Pradesh
3. Indira Sagar – Andhra Pradesh
4. Maithon – Chhattisgarh
How many pairs given above are not correctly matched ?
(a) Only one pair
(b) Only two pairs
(c) Only three pairs
(d) All four pairs

71. In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers ?
(a) Central Statistics Office
(b) Department for Promotion of Industry and Internal Trade
(c) Labour Bureau
(d) National Technical Manpower Information System

72. In India, what is the role of the Coal Controller’s Organization (CCO)?.’
1. CCO is the major source of Coal Statistics in Government of India.
2. It monitors progress of development of Captive Coal/Lignite blocks.
3. It hears any objection to the Government’s notification relating to acquisition of coal-bearing areas.
4. It ensures that coal mining companies deliver the coal to end users in the prescribed time.
Select the correct answer using the code given below :
(a) 1, 2 and 3
(b) 3 and 4 only
(c) 1 and 2 only
(d) 1, 2 and 4

73. 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.

74. Consider the following statements :
1. The India Sanitation Coalition is a platform to promote sustainable sanitation and is funded by the Government of India and the World Health Organization.
2. The National Institute of Urban Affairs is an apex body of the Ministry of Housing and Urban Affairs in Government of India and provides innovative solutions to address the challenges of Urban India.
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

75. Which one of the following has been constituted under the Environment (Protection) Act, 1986 ?
(a) Central Water Commission is
(b) Central Ground Water Board
(c) Central Ground Water. Authority
(d) National Water Development Agency

76. With reference to the “United Nations Credentials Committee”, consider the following statements :
1. It is a committee set up by the UN Security Council and works under its supervision.
2. It traditionally meets in March, June and September every year.
3. It assesses the credentials of all UN members before submitting a report to the General Assembly for approval.
Which of the statements given above is/are correct?
(a) 3 only
(b) 1 and 3
(c) 2 and 3
(d) 1 and 2

77. Which one of the following statements best describes the ‘Polar Code’?
(a) It is the international code of safety for ships operating in polar waters.
(b) It is the agreement of the countries around the North Pole regarding the demarcation of their territories in the polar region.
(c) It is a set of norms to be followed by the countries whose scientists undertake research studies in the North Pole and South Pole.
(d) It is a trade and security agreement of the member countries of the Arctic Council.

78. With reference to the United Nations General Assembly, consider the following statements :
1. The UN General Assembly can grant observer ‘status to the non-member States.
2. Inter-governmental organisations can seek observer status in the UN General Assembly.
3. Permanent Observers in the UN General Assembly can maintain missions at the UN headquarters.
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

79. With reference to the “Tea Board” in India, consider the following statements :
1. The Tea Board is a statutory body.
2. It is a regulatory body attached to the Ministry of Agriculture and Farmers Welfare.
3. The Tea Board’s Head Office is situated in Bengaluru.
4. The Board has overseas offices at Dubai and Moscow.
Which of the statements given above are correct ?
(a) 1 and 3
(b) 2 and 4
(c) 3 and 4
(d) 1 and 4

80. Which one of the following best describes the term “greenwashing”?
(a) Conveying a false impression that a company’s products are eco-friendly and environmentally sound
(b) Non-inclusion of ecological/ environmental costs in the Annual Financial Statements of a country

(c) Ignoring the disastrous ecological consequences while undertaking infrastructure development
(d) Making mandatory provisions for environmental costs in a government project/programme

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