Daily Five Jul 12 2017

Daily Five Jul 12 2017

1. Tips/Tricks

Alankrita Pandey (AIR 85):
The life changing moment was not that day for me, when the results came out, but it was the day when I had stuck a paper on a wall in my room saying- “I want a 2-digit AIR in Civil Service Exam.”

2. Prelims Questions

1) Minimum Support Price (MSP), is a form of market intervention by the government of India to insure agricultural procedures against any sharp fall in farm pieces. It has to be

1) Above the market retail prices
2) It has to be below the market retail price
3) It has to be above the market whole sale price
4) It has to be below the market wholesale price

Which of the above is correct?
A) 1 and 3 only
B) 2 and 4 only
C) 1 only
D) None of the above

2) With reference to biodiesel, which of the following statements is/are correct?
a) Biodiesel can be produced from vegetable oil, animal oil / fats and waste cooking oil.
b) The main benefit of bio-diesel is that it is carbon neutral
c) Both
4) None
1. D
The point with MSP is that it needs to be fixed unlike the retail/wholesale prices which keep fluctuating
2. C

3. QuickBytes (Use these quotes/figures/facts in your Mains Exam)

On April 18, 1917 when Gandhi appeared in Motihari Court, he found 2000 local people accompanying him. The magistrate was thrown into a tizzy, and wanted to defer the trial. But to his surprise, Gandhi wanted to plead guilty. Gandhi read out a statement, and excerpt from which reads- “As a law abiding citizen my first instinct would be, as it was, to obey the order served on me. But I could not do so without doing violence to my sense of duty to those for whom I have come. I feel that I could not just now serve them only by remaining in their midst. I could not, therefore, voluntarily retire. Amid this conflict of duties, I could only throw the responsibility of removing me from them on the Administration………I have disregarded the order served upon me not for want of respect for lawful authority, but in obedience to the higher law of our being, the voice of conscience
1. What do you understand by the term ‘voice of conscience’? How do you prepare yourself to heed to the voice of conscience? (150 words) 10 marks (2013)

4. RAG topics

a. Freedom struggle
b. Resource allocation

5. Today’s Mains Questions

1. Discuss the British Policies that were designed to create rift in the nationalist struggle for independence.
2. By the end of the 19th century, the moneylenders had become a major curse of the countryside and an important cause of the growing poverty of the rural people. Discuss.
3. Discuss the significance of champaran satyagarah.
Assess the contribution of the peasant movements in the freedom struggle of India.
4. What do you understand by “Resource Allocation”? What measures should be taken for fair resource allocation in India?
5. Finance Commission has a significant role to evolve a mechanism for efficient resource allocation to ensure poverty reduction through proper fiscal management. Explain.
6. When fuelled by competition, the enterprise sector can promote innovation by adopting new technologies and reallocating resources through a process of “creative destruction”. Discuss.
7. Efficient resource allocation can boost India’s productivity. Substantiate.

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