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Shankar IAS Prelims 2022 MOCK 2 - Removed
Shankar IAS Prelims 2022 MOCK 2 - Removed
Shankar IAS Prelims 2022 MOCK 2 - Removed
INSTRUCTIONS
1. IMMEDIATELY AFTER THE COMMENCEMENT OF THE EXAMINATION, YOU SHOULD CHECK THAT
THIS TEST BOOKLET DOES NOT HAVE ANY UNPRINTED OR TORN OR MISSING PAGES OR ITEMS,
ETC. IF SO, GET IT REPLACED BY A COMPLETE TEST BOOKLET.
2. ENCODE CLEARLY THE TEST BOOK SERIES A, B, C OR D AS THE CASE MAY BE IN THE
APPROPRIATE PLACE IN THE ANSWER SHEET.
3. You have to enter your Roll Number on the Test Booklet in the Box
provided alongside. DO NOT write anything else on the Test Booklet.
4. This Test Booklet contains 100 items (questions). Each item is printed in English. Each item comprises
four responses (answers). You will select the response which you want to mark on the Answer Sheet. In
case you feel that there is more than one correct response, mark the response which you consider the
best. In any case, choose ONLY ONE response for each item.
5. You have to mark all your responses ONLY on the separate Answer Sheet provided. See directions in
the Answer Sheet.
6. All items carry equal marks.
7. Sooner than you proceed to mark in the Answer Sheet the response to various items in the Test Booklet,
you have to fill in some particulars in the Answer Sheet as per instructions sent to you with your
Admission Certificate.
8. After you have completed filling in all your responses on the Answer Sheet and the examination has
concluded, you should hand over to the Invigilator only the Answer Sheet. You are permitted to take
away with you the Test Booklet.
9. Sheets for rough work are appended in the Test Booklet at the end.
10. Penalty for Wrong answers:
THERE WILL BE A PENALTY FOR WRONG ANSWERS MARKED BY A CANDIDATE IN THE OBJECTIVE
TYPE QUESTION PAPERS.
(i) There are four alternatives for the answer to every question. For each question for which a wrong
answer has been given by the candidate, one-third (0.66) of the marks assigned to that question
will be deducted as a penalty.
(ii) If a candidate gives more than one answer, it will be treated as a wrong answer even if one of the
given answers happens to be correct and there will be the same penalty as above to that question.
(iii) If a question is left blank, i.e., no answer is given by the candidate, there will be no penalty for
that question.
2. Capital infusion by the Government of India single largest retail payment system in the
country in terms of volume of transactions.
can increase the Capital Adequacy Ratio of
2. The Digital Payment Index, calculated by
the Public Sector Banks.
the Reserve Bank of India with the help of
3. The Capital Adequacy Ratio of the the Asian Development Bank, captures the
Scheduled Commercial Banks has extent of digitization of payments across the
continued to improve since 2015-16. country.
Which of the statements given above is/are Which of the statements given above is/are
correct? correct?
(a) 1 only
(a) 3 only
(b) 2 only
(b) 2 and 3 only
(c) Both 1 and 2
(c) 1 and 2 only (d) Neither 1 nor 2
(d) 1, 2 and 3
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5. Which of the following are excluded while 8. Why India is called as “Pharmacy of the World”?
calculating ‘Refined Core’ Inflation in India?
(a) India is the largest supplier of generic
1. Packaged tender coconut water medicines with almost 85 per cent share in
2. Diesel for Hybrid Vehicles the global supply
3. Soy beverages
(b) India ranks second in the number of
Select the correct answer using the code given
pharmaceutical research labs in the world
below.
(c) Foreign Direct Investment inflows in the
(a) 2 only
Pharma sector are greater than in any other
(b) 2 and 3 only
sector in India
(c) 1 and 3 only
(d) 1, 2 and 3 (d) Price competitiveness and good quality
have made Indian medicine producers to be
dominant players in the world market
6. In the context of economic policy-making,
which one of the following best defines “Barbell
Strategy”? 9. A person’s post-retirement wish: “She wanted
(a) Planning for the future of the Nation alone to live in a place, which has a stable terrain and
without giving importance to the present hence it is a very low-risk seismic zone. The
economic indicators place should also have urban amenities but
(b) Planning for economic growth and with minimal levels of congestion, and air and
development of the Nation without the water pollution. That place must receive an
emission of more harmful and Green House annual rainfall of about 100-150 cm and the
gases to the atmosphere
climate must neither be too hot nor too cold.”
(c) Planning for extreme uncertainties by
She selected a place but has the following
providing safety nets to the population of
the Nation without much sacrificing the concerns: “That place does get hit by cyclones,
(d) Planning for the future generations of the Which one of the following places is described
Nation without sacrificing the needs of by the passages given above?
present generations
(a) Bengaluru
(b) Udaipur
7. “Sweet Revolution” is related to
(c) Thiruvananthapuram
(a) Development of scientific beekeeping
(b) Increasing the exports of Raw Milk (d) Ranchi
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10. Arrange the following countries in the Which of the statements given above is/are
ascending order based on India’s merchandise correct?
export to the respective countries: (a) 1 only
1. The first council of Jain monks and the 14. If the lower court refuses to give a copy of the
fourth council of Buddhist monks charge sheet and statements of witnesses to the
accused which of the following article of the
happened simultaneously.
constitution is violated?
2. While Buddhism divided into Mahayana
and Hinayana Schools after its fourth (a) Article 19
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15. Consider the following statements about the 17. Consider the following statements.
recognition of Indian Art and Culture:
1. He was born during the regime of the
1. Shantinatha Charita is the only Jain Vijayanagara Empire.
literature to be registered under the 2. He was a Haridasa saint and philosopher.
UNESCO Memories of the World 3. He is known for his keertanas and
Programme.
ugabhoga, compositions in the Kannada
2. Buddhist Chanting of Ladakh is the only
language for Carnatic music.
practice of Buddhism to be registered under
the UNESCO List of Intangible Cultural Which one of the following personalities is
(a) 1 only
18. Consider the following pairs regarding the
(b) 1 and 2 only
ancient literature.
(c) 2 and 3 only
(d) 1, 2 and 3 Books Subjects
1. Devichandraguptam - Military tactics
of the Gupta
16. A philosophical school of Buddhism teaches
Empire
the Idea of Shunyata (sometimes called as
2. Vakyapadiya - Treatise on
Sunyavada), that the dharmas are empty and
Sanskrit
do not exist per se. This school was founded by
Nagarjuna in the 2nd century CE and its Grammar
Which of the following schools of Buddhism has Which of the pairs given above is/are correctly
been described above? matched?
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19. Consider the following statements regarding a 2. Amir Khusrau is believed to have invented
kind of painting. the sitar and the tabla and is said to have
introduced new ragas.
1. They are produced by village women using
3. The musicians of Hindustani classical
vegetable colours with a few earthen
colours and finished in black lines on cow music are usually associated with a
Gharana or a particular style of music.
dung treated paper.
4. The earliest tradition of Indian music may
2. These pictures tell tales, especially about
be traced to Sama Veda which contained
Sita’s exile, and Ram-Laxman’s Forest life.
the slokas that were put to music.
3. Tulsi, the holy plant, also is to be found in
these paintings. Which of the statements given above are
correct?
Which one of the following paintings is
described by the statements given above? (a) 1, 2 and 3 only
(b) 1, 2 and 4 only
(a) Warli painting
(b) Kalighat painting (c) 1, 3 and 4 only
(d) 2, 3 and 4 only
(c) Madhubani painting
(d) Kalamkari painting
22. In the Indian context, consider the following
statements:
20. Which of the following rulers, during the period
of the sixth to seventh century AD, were active 1. The Council of Ministers is responsible to
supporters of Buddhism in India? the House of the People and not to the
Council of States.
1. Pushyamitra Shunga
2. The House of the People has special powers
2. Mihira Kula
3. Shashanka Gauda with respect to the State List compared to
the Council of States.
Select the correct answer using the code given
below. 3. President is not bound to accept the advice
rendered by the Supreme Court under
(a) 1, 2 and 3
Article 143 of the Constitution.
(b) 2 and 3
4. A minimum of 5 Judges should sit for
(c) 1 and 3 only
purpose of hearing any reference under
(d) None
Article 143 of the Constitution.
Which of the statements given above is/are
21. Consider the following statements. correct?
(a) 1 and 3 only
1. The origin of Hindustani classical music
(b) 2, 3 and 4 only
may be traced back to the period of the
(c) 1 and 4 only
Mughal Kingdom.
(d) 1, 3 and 4
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23. Which of the following is/are feature(s) of the 26. Consider the following Statements:
Indian Judiciary?
1. The Constitution of India has not
1. High courts have jurisdiction over cases prescribed a fixed tenure for the post of
arising under the law enacted by Prime Minister.
Parliament as well as State Legislature 2. The National Crisis Management
2. The writ-jurisdiction of the High Courts
Committee is chaired by the Prime Minister
cannot be invoked to control the
of India.
administrative process.
3. The tenure of the Supreme Court Judges is Which of the statements given above is/are
independent of the will of the executive correct?
Select the correct answer using the code given (a) 1 only
below. (b) 2 only
25. With reference to the Indian Constitution, the Select the correct answer using the code given
subject ‘local government’ is below.
(a) mentioned in Union List
(a) 1, 2 and 5 only
(b) mentioned in State List
(b) 2, 3 and 4 only
(c) mentioned in the Concurrent List
(c) 1, 3 and 5 only
(d) not mentioned in any list under Schedule
(d) 1, 2, 3, 4 and 5
VII
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28. When a resolution for the impeachment of the 2. The government must take steps to provide
President of India is introduced in either house health facilities to transgender persons for
of the Parliament, then it has to be passed by sex reassignment surgeries.
(a) majority of all the then members of the Which of the statements given above is/are
House correct?
(b) majority of not less than two-thirds of the
(a) 1 only
total membership of the House
(b) 2 only
(c) majority of not less than two-thirds of (c) Both 1 and 2
members present and voting (d) Neither 1 nor 2
(d) majority of the total membership of that
House and by a majority of not less than
two-thirds of the members of that House 31. Which of the following provision of the Indian
29. Which one of the following statements is not (b) Directive Principles of State Policy
correct about the National Emergency?
(c) Law-making procedure
(a) It can be extended to a maximum of three
(d) Provision of Residuary Powers with the
year period with an approval of Parliament
Union Government
every six months
(b) During this Emergency, the life of the State
Legislative Assembly can be extended by 32. According to the Constitution of India,
Parliament guaranteed compensation for property
(c) It has to be revoked by President if the acquisition by the State from Private is
House of the People passes a resolution available only for
disapproving it 1. those properties acquired from minority
(d) President can issue a Proclamation only educational institutions
when it is communicated to him/her in 2. land under personal cultivation acquired
writing by the Union Cabinet from Citizens of India.
3. those properties acquired, vested under,
and disposed of by Custodian of Enemy
30. With reference to the Transgender Persons
Property, Ministry of Home Affairs
(Protection of Rights) Act, 2019, consider the
following statements: Which of the statements given above is/are
correct?
1. A person will be issued a Certificate of
Identity as a ‘transgender’ by the District (a) 1 only
Magistrate based on the recommendations (b) 1 and 2 only
of a District Screening Committee. (c) 2 and 3 only
(d) 1, 2 and 3
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33. With reference to India, consider the following 35. Consider the following statements with
statements: reference to the Political map of Asia:
1. The constitution of India guarantees every 1. Mongolia, Nepal, and Bhutan are the only
religious denomination the right to manage countries which have only 2 land
boundaries.
its own affairs in matters of religion.
2. Afghanistan has the highest number of
2. Article 35 empowers the State
neighbouring countries in Asia
Governments, by a law of their respective
3. Russia and Kazakhstan are the only two
State Legislatures, to take away the wealth
contiguous transcontinental countries in
of temples at times of financial crunch to
Asia.
the government.
Which of the statements given above is not
Which of the statements given above is/are correct?
correct?
(a) 1 only
(a) 1 only (b) 1 and 3 only
(b) 2 only (c) 2 only
Identify the commonality among the tiger any other country in Europe
3. The country has a steppe climate, with
reserves given above.
almost half of the country having steppe
(a) They have a core area that is more than or
grasslands.
equal to their total area
Which of the following country is described
(b) They are spread in and around the Western
above?
Ghats
(a) France
(c) They are present in the state of Karnataka
(b) Spain
(d) They are established as tiger reserves on
(c) Sweden
the same date in 1988
(d) Ukraine
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37. Consider the following statements with Which of the statements given above is/are
reference to the Sedimentary Basins of India correct?
1. All the oil and gas producing basins of India (a) 1 only
are located in India’s plain areas. (b) 2 only
1. On average, the height of the trees (d) During winter in the northern hemisphere,
decreases from the Equator to the Poles. the polar vortex will expand, sending cold
air southward with the jet stream
2. On average, rainfall decreases from east to
west for all continents.
41. With reference to the adoption of a child in
Which of the statements given above is/are
India, consider the following statements:
correct?
1. Offering or receiving children for adoption
(a) 1 only
within a family without recourse to any
(b) 2 only
legal process is a punishable offence in
(c) Both 1 and 2
India.
(d) Neither 1 nor 2
2. At present, there is no uniform law
governing adoption in India.
3. A single parent who is above 55 years of age
39. With reference to soils, consider the following
can adopt adolescents only.
statements:
Which of the statements given above is/are
1. The soils of the evergreen forests are more
correct?
productive for cropping than the soil of the
(a) 1 and 3 only
grasslands
(b) 1 and 2 only
2. Increasing use of organic fertilizers in
(c) 2 and 3 only
poorly drained soils results in wet wilt and
(d) 1, 2 and 3
sometimes causes blight.
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42. In the Indian context, consider the following 44. With reference to social media, consider the
statements: following statements:
1. The Criminal Procedure Identification Act, 1. Only those social media intermediaries
2022 provides the right to be forgotten after which have more than 50 lakh subscribers
75 years for all convicts. must enable the identification of the first
2. The use of Biological Samples ensures
originator of information within India.
accuracy in criminal investigation hitherto
2. Under the new rules for intermediaries,
unmatched by the identifications collected
hate speech has been defined as those
under the Identification of Prisoners Act.
fighting words that have the potential to
3. The Criminal Procedure Identification Act,
derail the freedom the speech.
2022 accommodates the right to equality
before the law in the case of biological 3. The new rule for intermediaries empowers
(a) 1 only
the office or a medical examination. Which of the statements given above is/are
Which of the statements given above is/are correct?
correct? (a) 1 only
(a) 1 and 2 (b) 2 only
(b) 2 only (c) Both 1 and 2
(c) 3 only (d) Neither 1 nor 2
(d) 2 and 3
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46. With reference to domestic violence, consider 48. Under which of the following scheme should an
the following statements: expectant mother register herself to avail of
quality healthcare at no cost during pregnancy
1. Earning woman gets more maintenance
as well as in the postpartum period?
than unemployed woman if they file for
maintenance under the domestic violence (a) Pradhan Mantri Surakshit Matritva
act. Abhiyan
2. The domestic violence act is not gender- (b) Janani Shishu Suraksha Karyakram
neutral and hence women can file a case (c) Surakshit Matritva Aashwaasan
only against an adult male in the household (d) LaQshya
and not against adult females.
3. Recently, the union government has
49. Which of the following place(s) have non-lignite
allowed the states to utilise the Nirbhaya
coal mines in India?
fund for the effective implementation of the
domestic violence act. 1. Tamil Nadu
2. Kerala
Which of the statements given above is/are not
3. Telangana
correct?
4. Karnataka
(a) 2 and 3
Select the correct answer using the code given
(b) 2 only
below.
(c) 3 only
(a) 1 and 2 only
(d) 1, 2 and 3
(b) 3 only
(c) 3 and 4 only
47. Consider the following statements regarding (d) 2, 3 and 4 only
the Forest fires in India.
1. Only the Non-Himalayan states are the 50. Consider the following statements regarding
most prone to high-intensity forest fire the Atlantic Meridional Overturning Circulation
events. (AMOC).
2. In India, forest fires are treated as “natural
1. It is the Atlantic branch of the ocean
disasters” and are brought under the
conveyor belt or Thermohaline circulation.
National Disaster Management Authority.
2. It distributes heat and nutrients
3. In the past year, Odisha has reported the
throughout the world’s ocean basins.
maximum fires among all states, followed
3. Without a proper AMOC along with the Gulf
by Madhya Pradesh and Chhattisgarh.
Stream, Europe will be very hot.
Which of the statements given above is/are
Which of the statements given above are
correct?
correct?
(a) 3 only
(a) 1 only
(b) 1 and 2 only
(b) 1 and 2 only
(c) 1 and 3 only
(c) 2 and 3 only
(d) 2 and 3 only
(d) 1, 2 and 3
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51. Consider the following statements: 53. Consider the following statements about
Assisted Reproductive Technology:
1. India has the third largest Bauxite reserves
in the world. 1. In India, at present, the statute allows
2. In India, over 50 per cent of Bauxite is obtaining gametes from any person who
has attained 18 years of age and is married.
located in Odisha.
3. India is a net exporter of Bauxite in the 2. In India, the gamete of a single donor can
(a) 1 and 2
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55. Consider the following statements. 58. Which of the following statements is not correct
about Quantum computers?
1. Lithium is a least reactive alkali metal and
a powerful reducing agent. (a) Quantum computers are larger in size than
2. Lithium-polymer batteries offer more safety supercomputers
than Lithium-ion batteries. (b) Quantum computers require less energy
than super computers
Which of the statements given above is/are
correct? (c) Quantum algorithms can use
superposition, interference, and
(a) 1 only
entanglement to perform calculations
(b) 2 only
(d) Quantum bits (Qubits) can be in the state
(c) Both 1 and 2
of 1 and 0 simultaneously
(d) Neither 1 nor 2
(a) Cartosat
(b) HySIS 60. Which one of the following statements is not
(c) GISAT correct regarding the animal species “Red
(d) RISAT Panda”?
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61. Consider the following statements: Select the correct answer using the code given
below.
1. Acute Flaccid Myelitis (AFM) is caused by
the same type of virus that causes (a) 2 only
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65. Which of the following kind of wastes has been 67. Which of the following statements regarding
covered under the Basel Convention on the Seaweed are correct?
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69. Consider the following two statements 71. Consider the following statements:
consisting of Assertion (A) and Reason (R) and 1. Global warming causes the oceans to lose
select your answer using the codes given below.
Oxygen and thus impact marine
Assertion (A): Carnivores are more efficient in habitability, potentially destabilizing the
the assimilation of food than herbivores. entire ecosystem.
2. An increase in pH of the ocean due to
Reasoning (R): Assimilation efficiency is the
uptake of Carbon dioxide affects marine
percentage of food energy taken into the guts of
species.
consumers and assimilated across the gut wall
and becomes available for growth or to do work. Which of the statements given above is/are
Codes: correct?
(a) 1 only
(a) Both (A) and (R) are correct and (R) is the
correct explanation of (A) (b) 2 only
(c) Both 1 and 2
(b) Both (A) and (R) are correct and (R) is not
(d) Neither 1 nor 2
the correct explanation of (A)
(c) (A) is true and (R) is false 72. Consider the following statements regarding
(d) (A) is false and (R) is true the Pradhan Mantri Adarsh Gram Yojana.
increase crop yield and prevent premature 4. Sarva Shiksha Abhiyan, Mahatma Gandhi
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73. Which one of the following is the national 2. Madhya Pradesh’s Indore was adjudged the
implementing entity for the National cleanest city for the fifth consecutive year
Adaptation fund for climate change (NAFCC) in under Swachh Survekshan.
India? 3. The Quality Council of India has been
(a) 1 only
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77. Arrange the following events in the correct 3. The UN General Assembly takes into
chronological order based on their occurrence. account the candidate States’ contribution
to the promotion and protection of human
1. Union of Soviet Socialist Republics was
rights, as well as their voluntary pledges
formally dissolved
2. India and Israel established full diplomatic and commitments for membership to
UNHRC.
relations
3. India and ASEAN embarked on a sectoral- Which of the statements given above is/are
dialogue partnership correct?
4. India and Taiwan established a formal (a) 1 only
diplomatic relation
(b) 1 and 2 only
Select the correct answer using the code given
(c) 2 and 3 only
below.
(d) 1 and 3 only
(a) 1 - 3 - 2 - 4
(b) 4 - 3 - 2 - 1
(c) 1 - 3 - 4 - 2 80. Consider the following statements regarding
(d) 1 - 4 - 3 - 2 the New Development Bank.
78. The Open Acreage Licensing Programme sustainable development projects only in
(OALP), recently seen in the news, is related to the BRICS and its new members.
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81. Consider the following statements regarding Which of the statements given above is/are
the Electronically Transmitted Postal Ballot correct?
Which of the statements given above is/are 84. Consider the following statements regarding
correct? the e-Sanjeevani.
1. She/he is in the rank and status of a Which of the statements given above is/are
correct?
cabinet minister.
2. She/he is normally selected from the Indian (a) 1 only
(b) 1 and 2 only
Administrative Service.
(c) 2 and 3 only
3. The President of India administers the oath
(d) 1, 2 and 3
of office to him/her.
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85. With reference to India's three-stage 87. Which of the following species contributed to
nuclear power programme, consider the the decline of alpha diversity in an ecosystem?
following statements: 1. Goldfish in American Waters
1. Thorium reactors produce more recoverable 2. Rabbits in Australia
Plutonium than Uranium.
3. Eucalyptus in India
2. Advanced Heavy Water Reactors use heavy
4. Cocoa in Africa
water as moderators and boiling light water
as coolant. Select the correct answer using the code given
below.
3. Thorium is more abundant in nature than
Uranium. (a) 1, 2 and 3
Select the correct answer using the code given Which of the statements given above is/are
below. correct?
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89. Why did the Indian National Congress accept 91. Consider the following statements
the partition plan proposed by Lord
1. He was the prominent leader of Pashtun
Mountbatten?
Tribes
1. Long-term failure to draw Muslim masses
2. He founded the Khudai Khidmatgar, an
into the national movement.
anti-colonial nonviolent resistance
2. Only an immediate transfer of power could
movement
forestall the spread of communal violence.
3. He strongly opposed the proposal for the
3. To capture the political power at the
national level by Congress, it was Partition of India
inevitable. Which one of the following historical persons
Select the correct answer using the code given are described by the statements given above?
below.
(a) Maulana Abul Kalam Azad
(a) 1 only
(b) Khan Abdul Ghaffar khan
(b) 1 and 2 only
(c) Ashfaqulla Khan
(c) 2 and 3 only
(d) Mohammad Ali Jinnah
(d) 1, 2 and 3
1. It was founded with aspirations to form an 1. The real beginning of western education
alternative to the exploitative Brahmanical can be traced to the Macaulay minute of
religion education in 1835.
2. The objective was to awaken the self- 2. Wood’s dispatch on Education was
respect of the lower castes and develop a
considered as the ‘Magna Carta of English
sense of fellowship amongst them
Education’ in India.
3. It announced scholarships for poor
3. The Hunter Education Commission
students who could not continue their
recommended that primary education must
education due to a lack of funds.
be imparted through vernacular languages.
4. It was disbanded after the formation of the
Indian National Congress. Which of the statements given above is/are
correct?
Select the correct answer using the code given
below. (a) 1 only
(a) 1, 2 and 3 only (b) 1 and 2 only
(b) 1, 2 and 4 only
(c) 2 and 3 only
(c) 1, 3 and 4 only
(d) 1, 2 and 3
(d) 2, 3 and 4 only
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93. The year in 1922 is important in the history of 95. Recently, certain states faced a shortage of coal
India because of for their steel plants due to import disruption
and inter-state trading activities. Which of the
1. Sudden withdrawal of the Non-Cooperation
Movement following options are available in India to deal
with this shortage?
2. Discovery of Mohenjadaro in the Indus
Valley Region 1. Parliament can impose restrictions on the
trade of coal from the states facing scarcity
3. Establishment of Provincial Congress
and discriminate between states.
Committees on a Linguistic basis
2. The State executive can impose restrictions
4. Inauguration of Visva-Bharati University in
on inter-state trade without the need for
Bengal
previous sanctions of the President.
Select the correct answer using the code given
Select the correct answer using the code given
below.
below:
(a) 1 and 2 only
(a) 1 only
(b) 1, 3 and 4 only
(b) 2 only
(c) 2 and 4 only
(c) Both 1 and 2
(d) 1, 2, 3 and 4
(d) Neither 1 nor 2
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97. Subsidy to the domestic industry is considered 99. Consider the following about credit creation in
better than the tariff on imported goods for the economy
achieving welfare due to which of the following 1. In a formal economy, any two people or
reasons? entities can agree to create credit only when
1. Always, the subsidy is quantitatively easier there is tangible collateral on the part of the
borrower.
to measure than the tariff.
2. In a formal economy, the total liability of a
2. The subsidy does not distort the price that
borrower always exceeds the amount
the consumer pays and hence does not
credited to him.
reduce the demand for the product,
Which of the statements given above is/are
whereas the tariff does.
correct?
Select the correct answer from the code given
(a) 1 only
below
(b) 2 only
(a) 1 only (c) Both 1 and 2
(b) 2 only (d) Neither 1 nor 2
(c) Both 1 and 2
(d) Neither 1 nor 2
100. With reference to Central Bank Digital
Currency (CBDC), consider the following
98. Which of the following will be the impact of the statements:
Global Minimum Tax on India?
1. Use of CBDC for making payment will shift
1. India will have to increase its tax rates to the Central Bank’s liability directly to the
bring them on par with the global minimum receiver and does not require any
tax rate settlement with a third party.
2. India will have to revoke the provisions 2. Holding CBDC enables the holder to escape
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