PPSC 2020 (General Studies) Previous Year Paper

India has been constantly negotiating for an expansion in the trade in services via Mode 4 as defined under the General Agreement on Trade in Services (GATS). Consider the following pairings regarding different modes of Services under GATS of the WTO:

1. Mode 1 : Cross-Border Supply of Services

2. Mode 2 : Temporary cross-border movement of a natural person to consume services abroad

3. Mode 3 : Cross-border provision of services via the commercial presence of a company in another country

4. Mode 4 : Temporary cross-border movement of service providers

Which of the above are correctly paired?

Which among the following are sources of non-tax revenue receipts for the Union Government?

1. Disinvestment Receipts

2. Spectrum Fees

3. Dividends from Public Sector Undertakings

4. Interest Received on Loans given by the Government

Choose the correct answer from the choices given below:

Consider the following statements with respect to Consumer Price Index and Wholesale Price Index in India:

1. The WPI is calculated for only goods and CPI is calculated for both goods and services.

2. The WPI is published by the Office of the Economic Advisor in the Ministry of Commerce and Industry while the CPI is published by the Central Statistical Office.

3. The WPI is published on a weekly basis for primary articles and fuel and power and is published monthly for the rest of the items, whereas the CPI is released on a monthly basis.

4. The WPI measures inflation in the initial stages of the supply chain whereas the CPI measure inflation in the later stages of the supply chain.

Which among the above given statements are correct?

Commission for Agriculture Costs and Prices (CACP) submits its recommendation for MSPs of agricultural commodities in form of Price Policy Reports.

Consider the following statements:

1. CACP is a statutory body formed under Agriculture Price Commission Act, 1962.

2. Currently MSP is devoid of any legal backing except for Sugarcane to some extent.

3. Before submitting a Price Policy Report for any crop, CACP also analyses demand and supply and the implications of MSP on consumers of that product along with the costs of production.

Which among the following statements is/are incorrect?

Some suggest that India needs to move to an escrow-based payment mechanism to ensure a fearless business environment in the country. Which of the following correctly describes an escrow account?