Challenge Prelims V1.0 – Day 61 – GS Paper (Indian Economy)

1. With reference to the Hybrid Annuity Model (HAM) model for Public-Private Partnership in highway construction, consider the following statements:

1. As per the model, the government will contribute 60% of the project cost in the first five years through annual payments (annuity).
2. Under HAM, a road developer constructs the road and he/she is allowed to recover his/her investment through toll collection.

Which of the statements given above is/are correct?

2. Consider the following statements with reference to Swiss challenge method of Public Private Partnership (PPP) Model:

1. Private investors can submit proposals for infrastructure development without an invitation from the government.
2. The initial proponent has right of refusal and counter-match any superior offers given by the third party.
3. The Vijay Kelkar panel had recommended this model for future PPP projects.

How many of the statements given above is/are correct?

3. With reference to Public Private Partnership (PPP) projects, consider the following statements regarding Build-Operate-Transfer (BOT) model:

1. A private player is granted a concession to finance, build and operate a project for a specified period of time.
2. The risk of the project completely lies with the government.

Which of the statements given above is/are correct?

4. Consider the following pairs regarding different models of investment India followed:

Investment Model: Core Policy

1. Harrod Domar Model: Policy to increase investment by increasing savings
2. FeldmanMahalanobis Model: Policy to increase investment in capital goods sector
3. Leverage Investment Model: Policy to increase investment by borrowed money

How many pairs given above is/are correctly matched?

5. How many of the following statements regarding ‘Pradhan Mantri Suraksha Bima Yojana’ is/are correct?

1. It is a life insurance scheme renewable from year to year offering coverage for death due to any reason.
2. Individuals in the age group of 18-70 years having a savings bank or a post office account are entitled to enroll under the scheme.
3. The scheme is delivered through banks including regional rural banks as well as cooperative banks.

Select the correct answer using the code given below.

6. With reference to, “Pradhan Mantri Annadata Aay Sanrakshan Abhiyan” (PM-AASHA), how many of the following schemes is/are part of PM-AASHA?

1. The Price Support Scheme (PSS)
2. The Price Deficiency Payment Scheme (PDPS)
3. The Pilot of Private Procurement and Stockist Scheme (PPPS)

Select the correct answer using the code given below.

7. How many of the following statements regarding ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ is/are correct?

1. It is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason.
2. Individuals in the age group of 18-70 years having a savings bank or a post office account are entitled to enroll under the scheme.
3. It is mandatory for the participatory account holders to link their Aadhaar Card to their account to avail benefits of the scheme.

Select the correct answer using the code given below.

8. Consider the following statements with respect to Code on Social Security, 2020:

1. It aims to extend social security benefits to workers in both organised and unorganised sectors including gig and platform workers.
2. Employees have to complete a minimum of fifteen years of service to be eligible for gratuity payment.
3. Maternity benefit is applicable to every establishment in which ten or more employees are employed.

How many of the statements given above are correct?

9. How many of the following is/are correct with reference to various modes of privatisation in India?

1. Greenfield privatisation involves removing barriers to entry for the private sector hitherto reserved for the public sector.
2. Under cold privatisation, public enterprises are made to behave as private enterprises by giving financial autonomy to seek financial assistance directly from the capital market.
3. Disinvestment or divestiture is effected by the sale or transfer of shares held by the government directly or through its agencies in enterprises to the private sector.

Select the correct answer using the code given below.

10. How many of the following is/are excluded from corporate social responsibility (CSR) activities?

1. Contributions to political parties
2. Contributions to the PM CARES Fund
3. Activities undertaken by a company outside India for training of Indian sportspersons representing India at the national or international level.

Select the correct answer using the code given below.

11. How many of the following categories is/are eligible for benefits under Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY)?

1. All primitive tribal households.
2. Families belonging to the Below Poverty Line.
3. All daily wagers working in informal sector.

Select the correct answer using the code given below.

12. Consider the following statements regarding Pradhan Mantri Mudra Yojana:

1. It provides collateral-free loan up to ₹10 lakhs.
2. Both farm as well as non-farm sectors are eligible for the loan.
3. Loans are given by only Public Sector Banks and Regional Rural Banks.

How many of the statements given above is/are correct?

13. With reference to the Stand Up India scheme, consider the following statements:

1. It is intended to promote entrepreneurship among SC, ST and women.
2. It provides collateral-free loan through credit guarantee scheme.
3. Majority of the account holders under the scheme are women.

How many of the statements given above is/are correct?

14. Consider the following passage:

Under this model, the cost is completely borne by the government. Government invites bids for engineering knowledge from the private players. The private sector’s participation is minimum and is limited to the provision of engineering expertise.

Which of the following PPP model is being described in the above passage?

15. “National Initiative for Developing and Harnessing Innovations (NIDHI)”, is sometimes seens in the news. The aim of this initiative is to