UPSC Civil Services Pre Exam: Daily CSAT Quiz
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Question 1
Passage
The need for Competition Law becomes more evident when foreign direct investment (FDI) is liberalised. The impact of FDI is not always pro-competitive. Very often FDI takes the form of a foreign corporation acquiring a domestic enterprise or establishing a joint venture with one. By making such an acquisition the foreign investor may substantially lessen competition and gain a dominant position in the relevant market, thus charging higher prices. Another scenario is where the affiliates of two separate multinational companies (MNCs) have been established in competition with one another in a particular developing economy, following the liberalisation of FDI.
Subsequently, the parent companies overseas merge. With the affiliates no longer remaining independent, competition in the host country may be virtually eliminated and the prices of the products may be artificially inflated. Most of these adverse consequences of mergers and acquisitions by MNCs can be avoided if an effective competition law is in place. Also, an economy that has implemented an effective competition law is in a better position to attract FDI than one that has not. This is not just because most MNCs are expected to be accustomed to the operation of such a law in their home countries and know how to deal with such concerns but also that MNCs expect competition authorities to ensure a level playing field between domestic and foreign firms.
With reference to the passage, Which of the given statements is/are correct?
1) It is desirable that the impact of Foreign Direct Investment should be pro-competitive.
2) The entry of foreign investors invariably leads to the inflated prices in domestic markets.
Question 2
Passage
The need for Competition Law becomes more evident when foreign direct investment (FDI) is liberalised. The impact of FDI is not always pro-competitive. Very often FDI takes the form of a foreign corporation acquiring a domestic enterprise or establishing a joint venture with one. By making such an acquisition the foreign investor may substantially lessen competition and gain a dominant position in the relevant market, thus charging higher prices. Another scenario is where the affiliates of two separate multinational companies (MNCs) have been established in competition with one another in a particular developing economy, following the liberalisation of FDI.
Subsequently, the parent companies overseas merge. With the affiliates no longer remaining independent, competition in the host country may be virtually eliminated and the prices of the products may be artificially inflated. Most of these adverse consequences of mergers and acquisitions by MNCs can be avoided if an effective competition law is in place. Also, an economy that has implemented an effective competition law is in a better position to attract FDI than one that has not. This is not just because most MNCs are expected to be accustomed to the operation of such a law in their home countries and know how to deal with such concerns but also that MNCs expect competition authorities to ensure a level playing field between domestic and foreign firms.
1) When multinational companies get accustomed to domestic laws.
2) By establishing joint ventures with domestic companies.
3) When affiliates in a particular market/sector lose their independence as their parent companies overseas merge.
4) When foreign companies lower the cost of their products as compared to that of products of domestic companies.
Which of the statements given above are correct?
Question 3
Passage
The need for Competition Law becomes more evident when foreign direct investment (FDI) is liberalised. The impact of FDI is not always pro-competitive. Very often FDI takes the form of a foreign corporation acquiring a domestic enterprise or establishing a joint venture with one. By making such an acquisition the foreign investor may substantially lessen competition and gain a dominant position in the relevant market, thus charging higher prices. Another scenario is where the affiliates of two separate multinational companies (MNCs) have been established in competition with one another in a particular developing economy, following the liberalisation of FDI.
Subsequently, the parent companies overseas merge. With the affiliates no longer remaining independent, competition in the host country may be virtually eliminated and the prices of the products may be artificially inflated. Most of these adverse consequences of mergers and acquisitions by MNCs can be avoided if an effective competition law is in place. Also, an economy that has implemented an effective competition law is in a better position to attract FDI than one that has not. This is not just because most MNCs are expected to be accustomed to the operation of such a law in their home countries and know how to deal with such concerns but also that MNCs expect competition authorities to ensure a level playing field between domestic and foreign firms.
Question 4
Passage
The poor especially in market economies need the strength that collectivities offer for creating more economic, social and political space for themselves, for enhancing their socio- economic well-being and voice, and as a protection against free market individualism. It has been argued that a group approach to farming, especially in the form of bottom up agricultural production collectivities, offers substantial scope for poverty alleviation and empowering the poor as well as enhancing agricultural productivity. To realise this potential, however, the groups would need to be voluntary in nature, small in size, participative in decision making and equitable in work sharing and benefit distribution. There are many notable examples of such collectivities to be found in varied contexts, such as in the transition economies. All of them bear witness to the possibility of successful cooperation under given conditions. And although the gender impact of the family cooperatives in the transition economies are uncertain, the Indian examples of women-only groups farming offer considerable potential for benefiting women.
Choose the appropriate phrase(s) in the context of the passage, to complete the given statement:
"Agricultural collectivities such as group based farming can provide the rural poor __________."
1) empowerment.
2) increased agricultural productivity.
3) protection against exploitative markets.
4) surplus production of agricultural commodities.
Question 5
Passage
The poor especially in market economies need the strength that collectivities offer for creating more economic, social and political space for themselves, for enhancing their socio- economic well-being and voice, and as a protection against free market individualism. It has been argued that a group approach to farming, especially in the form of bottom up agricultural production collectivities, offers substantial scope for poverty alleviation and empowering the poor as well as enhancing agricultural productivity. To realise this potential, however, the groups would need to be voluntary in nature, small in size, participative in decision making and equitable in work sharing and benefit distribution. There are many notable examples of such collectivities to be found in varied contexts, such as in the transition economies. All of them bear witness to the possibility of successful cooperation under given conditions. And although the gender impact of the family cooperatives in the transition economies are uncertain, the Indian examples of women-only groups farming offer considerable potential for benefiting women.
Question 6
Passage
The poor especially in market economies need the strength that collectivities offer for creating more economic, social and political space for themselves, for enhancing their socio- economic well-being and voice, and as a protection against free market individualism. It has been argued that a group approach to farming, especially in the form of bottom up agricultural production collectivities, offers substantial scope for poverty alleviation and empowering the poor as well as enhancing agricultural productivity. To realise this potential, however, the groups would need to be voluntary in nature, small in size, participative in decision making and equitable in work sharing and benefit distribution. There are many notable examples of such collectivities to be found in varied contexts, such as in the transition economies. All of them bear witness to the possibility of successful cooperation under given conditions. And although the gender impact of the family cooperatives in the transition economies are uncertain, the Indian examples of women-only groups farming offer considerable potential for benefiting women.
1) It is imperative for transition economies to have agricultural collectivities.
2) Agricultural productivity can be increased by group approach to farming.
Question 7
1) George attends Music classes on Monday.
2) He attends Mathematics classes on Wednesday.
3) His Literature classes are not on Friday.
4) He attends History classes on the day following the day of his Mathematics classes.
5) On Tuesday, he attends his Sports classes.
If he attends just one subject in a day and his Sunday is free, then he is also free on
Question 8
Question 9
Which of the following is the most acceptable group of people that can be selected by the music director?
Question 10
Passage
It was already late when we set out for the next town, which according to the map was about fifteen kilometers away on the other side of the hills. There we felt that we would find a bed for the night. Darkness fell soon after we left the village, but luckily we met no one as we drove swiftly along the narrow winding road that led to the hills. As we climbed higher, it became colder and rain began to fall, making it difficult at times to see the road. I asked John, my companion, to drive more slowly. After we had travelled for about twenty kilometers, there was still no sign of the town which was marked on the map. We were beginning to get worried. Then without warning, the car stopped and we found we had run out of petrol.
Question 11
Passage
It was already late when we set out for the next town, which according to the map was about fifteen kilometers away on the other side of the hills. There we felt that we would find a bed for the night. Darkness fell soon after we left the village, but luckily we met no one as we drove swiftly along the narrow winding road that led to the hills. As we climbed higher, it became colder and rain began to fall, making it difficult at times to see the road. I asked John, my companion, to drive more slowly. After we had travelled for about twenty kilometers, there was still no sign of the town which was marked on the map. We were beginning to get worried. Then without warning, the car stopped and we found we had run out of petrol.
Question 12
Passage
It was already late when we set out for the next town, which according to the map was about fifteen kilometers away on the other side of the hills. There we felt that we would find a bed for the night. Darkness fell soon after we left the village, but luckily we met no one as we drove swiftly along the narrow winding road that led to the hills. As we climbed higher, it became colder and rain began to fall, making it difficult at times to see the road. I asked John, my companion, to drive more slowly. After we had travelled for about twenty kilometers, there was still no sign of the town which was marked on the map. We were beginning to get worried. Then without warning, the car stopped and we found we had run out of petrol.
Question 13
Question 14
Question 15
Question 16
Question 17
Question 18
Question 19
Which one of the following statements correct in respect of the above data ?
Question 20
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