Announcement
📈
External sector-BOP,FDI,WTO
Economics · 10 Questions
Practice Mode: Select your answers by clicking on the options below. When you're ready, click "SHOW ANSWERS" at the bottom of the page to check your results!
Question 1
At what time between 3 o'clock and 4 o'clock will the minute hand and the hour hand of a clock be exactly on top of each other?
- A Fifteen and four-elevenths minutes past 3
- B Sixteen and four-elevenths minutes past 3
- C Sixteen and five-elevenths minutes past 3
- D Fifteen and nine-elevenths minutes past 3
✓ Correct Answer: Option B
Explanation:
Imagine the clock at 3:00. The hour hand is at the three-hour mark, and the minute hand is at twelve. To catch up, the minute hand must cover the fifteen-minute gap. However, as the minute hand moves, the hour hand also crawls forward very slowly. In a standard clock, the minute hand is faster and gains fifty-five minutes of space over the hour hand every hour. To find the exact moment they meet, we divide the sixty minutes of an hour by those fifty-five gained minutes and multiply by the initial fifteen-minute gap. This results in sixteen and four-elevenths minutes.
Imagine the clock at 3:00. The hour hand is at the three-hour mark, and the minute hand is at twelve. To catch up, the minute hand must cover the fifteen-minute gap. However, as the minute hand moves, the hour hand also crawls forward very slowly. In a standard clock, the minute hand is faster and gains fifty-five minutes of space over the hour hand every hour. To find the exact moment they meet, we divide the sixty minutes of an hour by those fifty-five gained minutes and multiply by the initial fifteen-minute gap. This results in sixteen and four-elevenths minutes.
Question 2
If you have a calendar for the year 2024, in which future year can you use that exact same calendar again?
- A 2048
- B 2052
- C 2032
- D 2044
✓ Correct Answer: Option B
Explanation:
A calendar repeats when the number of "extra days" (odd days) adds up to a full week. In the UPSC syllabus, there is a simple rule for leap years: any year that is a leap year (like 2024, because it is divisible by four) will have its calendar repeat exactly every twenty-eight years. Since 2024 is a leap year, we simply add twenty-eight to it, which gives us the year 2052
A calendar repeats when the number of "extra days" (odd days) adds up to a full week. In the UPSC syllabus, there is a simple rule for leap years: any year that is a leap year (like 2024, because it is divisible by four) will have its calendar repeat exactly every twenty-eight years. Since 2024 is a leap year, we simply add twenty-eight to it, which gives us the year 2052
Question 3
Ten years ago, a father was three times as old as his son. Ten years from now, the father will be only twice as old as his son. What is the current ratio of their ages?
- A Five to two
- B
- C Nine to four
- D Three to one
✓ Correct Answer: Option B
Explanation:
Let’s look at the gap. The total time passing from the "ten years ago" point to the "ten years later" point is twenty years. At the start, the father was much older (triple). As time passes, the age gap stays the same, but the ratio shrinks because they are both getting older. If we test the options, a current age of seventy for the father and thirty for the son fits perfectly. Ten years ago, they were sixty and twenty (triple). Ten years from now, they will be eighty and forty (double). Thus, the current ratio is seventy to thirty, or seven to three
Let’s look at the gap. The total time passing from the "ten years ago" point to the "ten years later" point is twenty years. At the start, the father was much older (triple). As time passes, the age gap stays the same, but the ratio shrinks because they are both getting older. If we test the options, a current age of seventy for the father and thirty for the son fits perfectly. Ten years ago, they were sixty and twenty (triple). Ten years from now, they will be eighty and forty (double). Thus, the current ratio is seventy to thirty, or seven to three
Question 4
If the tenth of January 2023 was a Tuesday, what day of the week will it be on the tenth of January 2028?
- A Sunday
- B Monday
- C Saturday
- D Friday
✓ Correct Answer: Option B
Explanation:
Every ordinary year has 365 days, which is fifty-two weeks plus one extra day. A leap year has 366 days, which is fifty-two weeks plus two extra days.
From Jan 2023 to Jan 2024 is one extra day.
From Jan 2024 to Jan 2025 is two extra days (because 2024 is a leap year and includes February 29th).
From 2025 to 2026 is one extra day.
From 2026 to 2027 is one extra day.
From 2027 to 2028 is one extra day (we haven't reached February 2028 yet).
Adding these up (1+2+1+1+1), we get six extra days. Six days after Tuesday is Monday.
Every ordinary year has 365 days, which is fifty-two weeks plus one extra day. A leap year has 366 days, which is fifty-two weeks plus two extra days.
From Jan 2023 to Jan 2024 is one extra day.
From Jan 2024 to Jan 2025 is two extra days (because 2024 is a leap year and includes February 29th).
From 2025 to 2026 is one extra day.
From 2026 to 2027 is one extra day.
From 2027 to 2028 is one extra day (we haven't reached February 2028 yet).
Adding these up (1+2+1+1+1), we get six extra days. Six days after Tuesday is Monday.
Question 5
A clock is set correctly at five in the morning. This specific clock is slow and loses sixteen minutes every twenty-four hours. What will the actual correct time be when this slow clock shows ten at night on the fourth day?
- A Eleven at night
- B Ten at night
- C Nine at night
- D Midnight
✓ Correct Answer: Option A
Explanation:
Explanation:
First, we count how many hours have passed on the slow clock: from five in the morning on day one to ten at night on day four is eighty-nine hours. Because the clock is slow, we know the real time must be later than what the clock shows. For every twenty-four hours of real time, this clock only shows twenty-three hours and forty-four minutes. This means the clock is moving at a fraction of the real speed. When we calculate how much "real time" corresponds to the eighty-nine hours shown, it comes out to exactly ninety hours. Since ninety is one hour more than eighty-nine, the true time is one hour ahead of the clock, making it eleven at night.
Explanation:
First, we count how many hours have passed on the slow clock: from five in the morning on day one to ten at night on day four is eighty-nine hours. Because the clock is slow, we know the real time must be later than what the clock shows. For every twenty-four hours of real time, this clock only shows twenty-three hours and forty-four minutes. This means the clock is moving at a fraction of the real speed. When we calculate how much "real time" corresponds to the eighty-nine hours shown, it comes out to exactly ninety hours. Since ninety is one hour more than eighty-nine, the true time is one hour ahead of the clock, making it eleven at night.
Question 6
With reference to the Fiscal Estimates for the year 2026-27, consider the following statements:
- The Fiscal Deficit is projected to be lower than the Revised Estimates of the previous financial year.
- The Debt-to-GDP ratio is estimated to increase marginally compared to the Revised Estimates of 2025-26.
Which of the statements given above is/are correct?
- A Only 1
- B Only 2
- C Both 1 and 2
- D Neither 1 nor 2
✓ Correct Answer: Option A
Explanation:
Statement 1 is Correct: The Fiscal Deficit for BE 2026-27 is estimated at 4.3%, which is lower than the 4.4% in RE 2025-26.
Statement 2 is Incorrect: The Debt-to-GDP ratio is actually estimated to decrease to 55.6% in BE 2026-27 from 56.1% in RE 2025-26.
Statement 1 is Correct: The Fiscal Deficit for BE 2026-27 is estimated at 4.3%, which is lower than the 4.4% in RE 2025-26.
Statement 2 is Incorrect: The Debt-to-GDP ratio is actually estimated to decrease to 55.6% in BE 2026-27 from 56.1% in RE 2025-26.
Question 7
Consider the following strategic interventions proposed in the manufacturing sector:
- Biopharma SHAKTI: Aimed at developing India as a global biopharma hub with the creation of new National Institutes of Pharmaceutical Education and Research (NIPER).
- Rare Earth Corridors: To be established in states including Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to promote mining and processing.
- ISM 2.0: A mission to produce semiconductor equipment and materials while focusing on industry-led research.
How many of the above statements are correct?
- A Only one
- B Only two
- C All three
- D None
✓ Correct Answer: Option C
Explanation:
Statement 1 is Correct: Biopharma SHAKTI includes an outlay of ₹10,000 crores and the creation of 3 new NIPERs.
Statement 2 is Correct: The Rare Earth Corridors specifically target the mineral-rich coastal and southern states mentioned.
Statement 3 is Correct: India Semiconductor Mission (ISM) 2.0 focuses on the "full-stack Indian IP" and supply chain fortification.
Statement 1 is Correct: Biopharma SHAKTI includes an outlay of ₹10,000 crores and the creation of 3 new NIPERs.
Statement 2 is Correct: The Rare Earth Corridors specifically target the mineral-rich coastal and southern states mentioned.
Statement 3 is Correct: India Semiconductor Mission (ISM) 2.0 focuses on the "full-stack Indian IP" and supply chain fortification.
Question 8
With reference to Infrastructure and Logistics initiatives, consider the following statements:
- A new Dedicated Freight Corridor is proposed to connect Dankuni in the East to Surat in the West.
- The "Coastal Cargo Promotion Scheme" aims to double the current share of inland waterways and coastal shipping by 2047.
- High-Speed Rail corridors are planned to act as "growth connectors," including a route between Hyderabad and Bengaluru.
How many of the above statements are correct?
- A Only one
- B Only two
- C All three
- D None
✓ Correct Answer: Option C
Explanation:
Statement 1 is Correct: This specific East-West connectivity is highlighted to promote cargo movement.
Statement 2 is Correct: The goal is to increase the share of inland waterways from the current 6% to 12% by 2047.
Statement 3 is Correct: Hyderabad-Bengaluru is one of the seven high-speed corridors identified as growth connectors.
Statement 1 is Correct: This specific East-West connectivity is highlighted to promote cargo movement.
Statement 2 is Correct: The goal is to increase the share of inland waterways from the current 6% to 12% by 2047.
Statement 3 is Correct: Hyderabad-Bengaluru is one of the seven high-speed corridors identified as growth connectors.
Question 9
Regarding the "Orange Economy" and Social Sector provisions, consider the following statements:
- The Indian Institute of Creative Technologies will support setting up AVGC Content Creator Labs in secondary schools and colleges.
- The government intends to establish a girls' hostel in every district through capital support or Viability Gap Funding.
- A "National Destination Digital Knowledge Grid" is proposed to document cultural and spiritual heritage sites.
How many of the above statements are correct?
- A Only one
- B Only two
- C All three
- D None
✓ Correct Answer: Option C
Explanation:
Statement 1 is Correct: This falls under the initiative to boost the AVGC (Animation, Visual Effects, Gaming, and Comics) sector in 15,000 schools.
Statement 2 is Correct: The budget explicitly commits to one girls' hostel per district.
Statement 3 is Correct: This grid is part of the tourism and heritage documentation strategy.
Statement 1 is Correct: This falls under the initiative to boost the AVGC (Animation, Visual Effects, Gaming, and Comics) sector in 15,000 schools.
Statement 2 is Correct: The budget explicitly commits to one girls' hostel per district.
Statement 3 is Correct: This grid is part of the tourism and heritage documentation strategy.
Question 10
Consider the following statements regarding Taxation and Ease of Living as per the Budget:
- The new Income Tax Act, 2025, is scheduled to come into effect from April 2026.
- The Tax Collected at Source (TCS) rate on overseas tour program packages has been significantly increased to curb capital flight.
- Interest awarded by the Motor Accident Claims Tribunal to a natural person is proposed to be exempt from Income Tax.
How many of the above statements are correct?
- A Only one
- B Only two
- C All three
- D None
✓ Correct Answer: Option B
Explanation:
Statement 1 is Correct: The New Income Tax Act is slated for an April 2026 implementation.
Statement 2 is Incorrect: The TCS rate on overseas tour packages was actually reduced to 2% (from the previous range of 5-20%) to promote ease of travel.
Statement 3 is Correct: This is a specific relief measure introduced under the "Ease of Living" section for natural persons.
Statement 1 is Correct: The New Income Tax Act is slated for an April 2026 implementation.
Statement 2 is Incorrect: The TCS rate on overseas tour packages was actually reduced to 2% (from the previous range of 5-20%) to promote ease of travel.
Statement 3 is Correct: This is a specific relief measure introduced under the "Ease of Living" section for natural persons.
Click to toggle correct answers and explanations for all questions.