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Question 1 of 5
1. Question
1 pointsConsider the following statements about Monetary Policy
1. The primary objective of monetary policy is to maintain price stability and achieve growth.
2. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy under the provisions of Agreement on Monetary Policy Framework Act.
Which of the statements given above is/ are correct?Correct
-Statement 1 is correct. Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act. The primary objective of monetary policy is to maintain price stability and achieve growth. Price stability is a necessary precondition to sustainable growth.
-Statement 2 is incorrect. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934.Incorrect
-Statement 1 is correct. Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act. The primary objective of monetary policy is to maintain price stability and achieve growth. Price stability is a necessary precondition to sustainable growth.
-Statement 2 is incorrect. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934. -
Question 2 of 5
2. Question
1 pointsWhat does the term ‘Teaser Loans’ sometimes seen in news mean?
Correct
-Teaser loans are those which charge comparatively lower rates of interest in the first few years after which the rates are increased.
Incorrect
-Teaser loans are those which charge comparatively lower rates of interest in the first few years after which the rates are increased.
-
Question 3 of 5
3. Question
1 pointsWhich of the following factors may lead to a dip in the temperature in Delhi and surrounding areas?
(i) Snowfall in the Western Himalayan range
(ii) Intensive cloud cover
(iii) Active Western Disturbances
(iv) Active La Niña climate pattern
Select the correct answer using the codes given belowCorrect
-The following factors may lead to a dip in the temperature in Delhi and surrounding areas:
– Snowfall over the past few days in states falling in the western Himalayan range — Jammu & Kashmir, Himachal Pradesh and Uttarakhand — under the influence of a Western Disturbance.
– In winters, whenever an active Western Disturbance passes through the western Himalayan region, it leads to a dip in temperatures across northwest India.
-The lack of cloud cover also leads to higher radiation from the Earth’s surface into the atmosphere at night time, which also cools the ground.
-Moreover, under the influence of an active La Niña climate pattern, temperatures across the globe have been dipping.Incorrect
-The following factors may lead to a dip in the temperature in Delhi and surrounding areas:
– Snowfall over the past few days in states falling in the western Himalayan range — Jammu & Kashmir, Himachal Pradesh and Uttarakhand — under the influence of a Western Disturbance.
– In winters, whenever an active Western Disturbance passes through the western Himalayan region, it leads to a dip in temperatures across northwest India.
-The lack of cloud cover also leads to higher radiation from the Earth’s surface into the atmosphere at night time, which also cools the ground.
-Moreover, under the influence of an active La Niña climate pattern, temperatures across the globe have been dipping. -
Question 4 of 5
4. Question
1 pointsConsider the following statements about UN Human Rights Council
1. UNHRC is a non-governmental organisation responsible for strengthening the promotion and protection of human rights around the globe.
2. It addresses situations of human rights violations and makes recommendations on them.
3. It has the ability to discuss all thematic human rights issues and situations that require its attention throughout the year.
Which of the statements given above is/are correct?Correct
– Statement 1 is incorrect. The UNHRC is an inter-governmental body within the UN system responsible for strengthening the promotion and protection of human rights around the globe.
– Statement 2 is correct. It addresses situations of human rights violations and makes recommendations on them.
– Statement 3 is correct. The UNHRC has the ability to discuss all thematic human rights issues and situations that require its attention throughout the year. The HRC replaced the former United Nations Commission on Human Rights (UNCHR).Incorrect
– Statement 1 is incorrect. The UNHRC is an inter-governmental body within the UN system responsible for strengthening the promotion and protection of human rights around the globe.
– Statement 2 is correct. It addresses situations of human rights violations and makes recommendations on them.
– Statement 3 is correct. The UNHRC has the ability to discuss all thematic human rights issues and situations that require its attention throughout the year. The HRC replaced the former United Nations Commission on Human Rights (UNCHR). -
Question 5 of 5
5. Question
1 pointsConsider the following statements about Scheme for Management of Crop Residues
1. It aimed to subsidize the machinery required for in-situ management of crop residue.
2. It is a central sector scheme (100% funded by centre).
Which of the statements given above is/ are correct?Correct
-Statement 1 is correct. The scheme aimed to subsidize the machinery required for in-situ management of crop residue.
-Statement 2 is correct. It is a central sector scheme (100% funded by centre) launched in 2018 Budget to support the efforts of the governments of Haryana, Punjab, Uttar Pradesh and the NCT of Delhi to address air pollution.Incorrect
-Statement 1 is correct. The scheme aimed to subsidize the machinery required for in-situ management of crop residue.
-Statement 2 is correct. It is a central sector scheme (100% funded by centre) launched in 2018 Budget to support the efforts of the governments of Haryana, Punjab, Uttar Pradesh and the NCT of Delhi to address air pollution.
Leaderboard: 09th February 2021 | Prelims Daily with Previous Year Questions
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