PREVIOUS YEAR SOLVED PAPERS - June 2019
- Option : B
- Explanation : If all the items increase by 5, average (arithmetic mean) will also increase by 5.
- Option : C
- Explanation : The value of the SDR is the sum of the values of specified amounts of the four currencies that satisfy the following criteria:
(i) they are issued by IMF members, or by monetary unions that include IMF members, that have the largest value of exports of goods and services; and
(ii) they have been deemed by the IMF to be freely usable currencies.
These four currencies currently are the U.S. dolar, the Euro, the Japanese Yen, and the Pound sterling. The SDR value is calculated daily in terms of the U.S. dollar, using the midpoint of the buying and selling spot exchange rates for each currency against the US dollar at noon on the London exchange market as determined by the Bank of England.Table: Calculation of the SDR Value
Currency Initial weight (in per cent) Euro 34 Japanese yen 11 Pound sterling 11 US dollar 44 SDR
64. Credit worthiness score in India ranges between:
- Option : B
- Explanation : The Reserve Bank of India has licensed four
major credit information organization to
accumulate data and provide credit scores for
the people of the country. These four organizations
are Credit Information Bureau of India
Limited (CIBIL), CRIF High Mark, Equifax
and Experian. CIBIL is oldest organization
and its scores are deemed to be the most
acceptable by lenders. It started its operation
in 2000 the rest of the three companies
received licenses to operate in 2010.
A CIBIL score ranges between 300 and 900 where 900 is considered to be the best score. The credit score of an individual is built over a period of 18 to 36 months. A credit history which is less than 6 months old will have a CIBIL score of 0 while people with no credit history at all will show a CIBIL score of –1.
- Option : D
- Explanation : Forms of Return of Income
Forms–These forms are given below:New ITR Forms Subject ITR 1 (i.e. SAHAJ) For individuals having income from salary, one house property (excluding loss brought forward from previous years) and income from other sources (not being loss and not being winnings from lottery and income from race horses). ITR 2 For individuals and HUF’s not having business/professional income. ITR 3 For individuals/HUF’s being partners in firms and not carrying out business or profession under any proprietorship. ITR 4 For individuals and HUF’s having income from a proprietary business or profession. ITR 4S (i.e., Sugam) For individual/HUFs deriving business income and such income is computed in accordance with special provisions referred to in sections 44AD and 44AE ITR 5 For firms, AOPs and BOIs or any other person (not being individual or HUF or company or to whom ITR-7 is applicable). ITR 6 For companies other than companies claiming exemption under section 11. ITR 7 For persons including companies required to furnish return under section 139(4A)/(4B)/(4C)/(4D). ITR V Where the data of the return of income/ fringe benefits in Forms ITR-1, ITR-2, ITR-3, ITR-4, ITR-5 and ITR-6 transmitted electronically without digital signature.
