Revision Series | Economy | Miscellaneous | 109

September 2, 2023

Consider the following statements :
1. It will not have a separate budget and will be financed by the savings of existing fertiliser subsidy.
The grant provided under the scheme can be used for asset creation.
Which of the above given statement(s) is/are correct regarding the Promotion of Alternate Nutrients for Agriculture Management Yojana?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Show Answer

Answer: C

Consider the following statements:
1. New Development Bank has been set up by APEC.
2. The headquarters of New Development Bank is in Shanghai.
Which of the statements given above is/are correct?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Show Answer

Answer: B

Under the WTO, countries can appeal in the appellate body to adjudicate disputes. The appellate body at the WTO stopped functioning, but the panels are still working. The appellate body has been dysfunctional since?

(A) 2017.
(B) 2019.
(C) 2016.
(D) 2018.

Show Answer

Answer: B

Under the WTO, countries can appeal in the appellate body to adjudicate disputes.
The appellate body at the WTO stopped functioning from December 2019, but the panels are still working.
Several countries including the US have been pushing for reforms in the WTO.

Which of the following statement(s) is/are correct regarding global tax deal?
1. India is a signatory to this deal.
2. The member nations have agreed to revise global tax regulations to guarantee that multinational corporations pay taxes at a minimum of 21 per cent.
Select the answer using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: A

Under the global tax deal, about 140 countries, including India, have agreed to overhaul global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum of 15 per centrate.

Which of the following statement(s) is/are correct?
1. The Standing Committee on Statistics provides technical guidance to the Central and State level agencies for the conduct of the surveys.
2. It was earlier known as the Standing Committee on Economic Statistics (SCES).
Select the answer using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: C

The State of Food Security and Nutrition in the World (SOFI) 2023 was jointly released by?
1. Food and Agriculture Organization.
2. International Fund for Agricultural Development.
3. United Nations Children’s Fund.
4. World Food Programme.
Select the answer using the codes below:

(A) 1, 2 and 3 only
(B) 2, 3 and 4 only
(C) 1, 3 and 4 only
(D) 1, 2, 3 and 4

Show Answer

Answer: D

It is an annual flagship report jointly prepared by the Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD), the United Nations Children’s Fund (UNICEF), the World Food Programme (WFP) and the World Health Organization (WHO).

Which of the following statement(s) is/are correct regarding the Wadi development model?
1. It has been led by the NITI Aayog.
2. It aims at improving livelihood and giving access to nutrition for large landholders.
Select the answer using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None of the above

Show Answer

Answer: B

Recently the Renewable Energy Technology Action Platform (RETAP) under the Strategic Clean Energy Partnership was launched by?

(A) The US Department of Energy (DOE) and the Ministry of New and Renewable Energy.
(B) NITI Aayog and the Ministry of New and Renewable Energy.
(C) The US Department of Energy (DOE) and NITI Aayog.
(D) Ministry of New and Renewable Energy and UN Environment Programme

Show Answer

Answer: A

The US Department of Energy (DOE) and the Ministry of New and Renewable Energy (MNRE), Government of India has launched the Renewable Energy Technology Action Platform (RETAP) under the Strategic Clean Energy Partnership.

Which of the following statement(s) is/are correct regarding Prime Minister’s Ujjwala Yojana?
1. It was launched in 2016 by the Ministry of Rural Development.
2. Under it the LPG Connection is released in the name of an adult woman of the BPL Family.
Select the answer using the codes given below:

(A) 1 only.
(B) 2 only.
(C) Both 1 and 2.
(D) Neither 1 nor 2.

Show Answer

Answer: B

It was launched in 2016 by the Ministry of Petroleum & Natural Gas to provide LPG connections to women from Below Poverty Line (BPL) households.

Which of the following is incorrect regarding Wholesale Price Index?

(A) The new series of Wholesale Price Index(WPI) with base 2011-12 is effective from April 2017.
(B) WPI captures the average movement of wholesale prices of goods exclusively leaving the services.
(C) WPI-based inflation data is put together by the Department for Promotion of Industry and Internal Trade.
(D) None of the above.

Show Answer

Answer: D

The Wholesale Price Index(WPI):

The new series of Wholesale Price Index(WPI) with base 2011-12 is effective from April 2017.
WPI captures the average movement of wholesale prices of goods and is primarily used as a GDP deflator.
WPI(2011-12) reckons only basic prices and does not include taxes, rebate/trade discounts, transport and other charges.
WPI-based inflation data is put together by the Department for Promotion of Industry and Internal Trade (or DPIIT).

Which of the following is/are correct?
.1 Recently, the government distributed more than 51,000 appointment letters to newly inducted recruits under the Rojgar Mela.
2. Rozgar Melas range in size from 5 – 100 employers with many hundreds of job seekers.
Select the answer using the codes given below:

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) None

Show Answer

Answer: C

Which of the following statement(s) is/are correct regarding Pradhan Mantri Jan Dhan Yojana?
1. PMJDY is National Mission for Financial Inclusion to ensure access to financial services.
2. PMJDY is aimed at covering all households with at least one bank account per household across the country.
Select the answer using the codes given below:

(A) 1 only.
(B) 2 only.
(C) Both 1 and 2.
(D) Neither 1 nor 2.

Show Answer

Answer: C

Recently unveiled report on Demographic Dividend observed that along with the population growth, strong education and quality infrastructure are key to reap economic gains in India. The report was released by?

(A) Centre for Monitoring Indian Economy.
(B) NITI Aayog.
(C) Moody’s.
(D) Fitch Ratings.

Show Answer

Answer: C

Which of the following statement(s) is/are correct?
.1 Ministry of Heavy Industries is responsible to support the industry to fulfil the vision Excellence through Aatmanirbharta.
2. The PLI-Auto scheme is being implemented over a period of five years beginning in the fiscal year 2022–2023.
Select the answer using the codes given below:

(A) 1 only.
(B) 2 only.
(C) Both 1 and 2.
(D) Neither 1 nor 2.

Show Answer

Answer: C

This committee was tasked by the Government with suggesting ways to revive stalled real estate projects, recently acknowledged the financial stress of real estate developers but recommended no direct support. Which committee is being referred to here?

(A) Shaktikanta Das committee.
(B) Amitabh Kant committee.
(C) Suman Bery Committee.
(D) None of the above.

Show Answer

Answer: B