OPSC OAS Test Series 2026 | Prelims & Mains | Odisha Civil Services

21-08-2026 (Static)

10 Questions 10 Minutes 20 Marks +2 Correct -0.66 Wrong
10:00
Question 1

With reference to Zero Coupon Zero Principal (ZCZP) instruments, consider the following statements:

  1. ZCZP instruments are associated with the Social Stock Exchange framework.
  2. They can be freely traded in the secondary market like ordinary equity shares.
  3. They do not provide monetary returns in the form of interest or repayment of principal.
  4. They are intended to facilitate funding for eligible not-for-profit organisations.

Which of the statements given above are correct?

Question 2

Consider the following statements regarding Angel Funds in India:

  1. Angel Funds are a sub-category of Category I Alternative Investment Funds.
  2. They primarily provide early-stage funding to startups.
  3. Investments made by Angel Funds are subject to a minimum lock-in period of three years.
  4. Angel Funds can make investments in venture capital undertakings subject to regulatory limits.

Which of the statements given above are correct?

Question 3

With reference to settlement cycles in India's securities market, consider the following statements:

  1. T+0 settlement means that eligible trades are settled on the same day.
  2. The T+0 mechanism was introduced as an optional facility alongside the existing T+1 settlement cycle.
  3. T+0 settlement immediately replaced T+1 settlement for all listed securities.
  4. The initial beta implementation of T+0 was introduced for a limited set of securities and market participants.

Which of the statements given above are correct?

Question 4

Consider the following statements regarding Commercial Papers (CPs) and Certificates of Deposit (CDs):

  1. Both CPs and CDs are short-term money market instruments.
  2. The minimum maturity period for both CPs and CDs is seven days under the applicable framework.
  3. Certificates of Deposit can be issued by eligible banks as well as certain All-India Financial Institutions.
  4. Commercial Papers represent long-term equity ownership in the issuing company.

Which of the statements given above are correct?

Question 5

With reference to India's Sovereign Green Bonds, consider the following statements:

  1. Sovereign Green Bonds are intended to finance projects having environmental or climate-related benefits.
  2. The concept of “Greenium” refers to the lower yield that an issuer may have to offer on a green bond compared with a conventional bond.
  3. Greenium necessarily means that green bonds carry a higher interest rate than conventional government securities.
  4. India's Sovereign Green Bond Framework contains eligibility and exclusion criteria for projects.

Which of the statements given above are correct?

Question 6

With reference to sinkholes, consider the following statements:

  1. Sinkholes are commonly associated with areas where underlying rocks can be dissolved by groundwater.
  2. Karst landscapes are particularly susceptible to sinkhole formation.
  3. Sinkholes can occur only due to natural geological processes.
  4. Groundwater dissolution can gradually create underground cavities that may eventually collapse.

Which of the statements given above are correct?

Question 7

Consider the following statements regarding Venus:

  1. Venus is the second planet from the Sun.
  2. Venus is the hottest planet in the Solar System.
  3. Venus has a natural satellite called Phobos.
  4. Venus rotates in the opposite direction to most planets in the Solar System.

Which of the statements given above are correct?

Question 8

With reference to asteroids, consider the following statements:

  1. The main asteroid belt is located between Mars and Jupiter.
  2. Trojan asteroids share an orbit with a larger planetary body.
  3. Every Near-Earth Asteroid is classified as a Potentially Hazardous Asteroid.
  4. Potentially Hazardous Asteroids are identified based on their orbital characteristics and potential proximity to Earth.

Which of the statements given above are correct?

Question 9

Consider the following statements regarding subduction zones:

  1. Subduction occurs when one tectonic plate moves beneath another plate.
  2. Subduction zones are associated with major earthquakes and volcanic activity.
  3. The 2004 Indian Ocean earthquake occurred in a region associated with subduction of the Indian Plate.
  4. Subduction occurs only at divergent plate boundaries.

Which of the statements given above are correct?

Question 10

With reference to quasars, consider the following statements:

  1. Quasars are among the most luminous objects observed in the distant universe.
  2. Their immense energy output is associated with material falling toward a supermassive black hole.
  3. Quasars are generally associated with the central regions of galaxies.
  4. All quasars emit strong radio waves.

Which of the statements given above are correct?

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