Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
Dear students,
1. In the comments section, share your score and also let everyone know the logic you’ve used to mark certain answers. This will trigger intelligent discussions benefitting everyone.
2. Completing the test should be your top priority. Focus on accuracy rather than simply attempting more questions. Give enough thought to each question, we have increased the time limit so you can do this.
3. At the end of the test, click on ‘View Questions’ button to check the solutions.
*You can attempt the test multiple times for your own practice but only your first attempt will be counted for rankings.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly.
Time has elapsed
You have reached 0 of 0 points (0).
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
1 pointsWhich of the following statements regarding Consumer Price Index — Industrial Workers (CPI-IW) is/are correct?
1. CPI-IW is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors.
2. The base year for CPI-IW is 2001.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
The government last year launched a new series for the Consumer Price Index — Industrial Workers (CPI-IW) changing the base year to 2016 from 2001.
The CPI-IW is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors. It is also used in the determination and revision of minimum wages in scheduled employments.Incorrect
Statement 1 is correct while statement 2 is incorrect.
The government last year launched a new series for the Consumer Price Index — Industrial Workers (CPI-IW) changing the base year to 2016 from 2001.
The CPI-IW is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors. It is also used in the determination and revision of minimum wages in scheduled employments. -
Question 2 of 5
2. Question
1 pointsThe government usually resorts to printing currency as the last resort in managing its deficit due to which of the following reasons?
1. Government expenditure using this new money boosts incomes and raises private demand in the economy, thus leading to inflation.
2. Excess supply of rupee will cause its depreciation.
Select the correct answer using the codes given belowCorrect
Government expenditure using printed money boosts incomes and raises private demand in the economy. Thus, it fuels inflation. Easy monetary policy and high inflation are two of the leading causes of currency depreciation.
Incorrect
Government expenditure using printed money boosts incomes and raises private demand in the economy. Thus, it fuels inflation. Easy monetary policy and high inflation are two of the leading causes of currency depreciation.
-
Question 3 of 5
3. Question
1 pointsWhich of the following indicators are monitored by the Reserve Bank of India in the banking sector?
1. Cash flow with banks
2. Credit activities of banks
3. Spurious transactions
Select the correct answer using the codes given belowCorrect
All of the above are correct.
Banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors the banks in actually maintaining cash balance. Similarly, the RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, small borrowers etc. Banks need to report spurious transactions to the Financial Intelligence Unit. The norms are regulated by RBI.Incorrect
All of the above are correct.
Banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors the banks in actually maintaining cash balance. Similarly, the RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, small borrowers etc. Banks need to report spurious transactions to the Financial Intelligence Unit. The norms are regulated by RBI. -
Question 4 of 5
4. Question
1 pointsWhich of the following given below were the objectives of Coastal Regulation Zone (CRZ) rules notified by the government?
1. Ensure livelihood security of fisher communities
2. Sustainably promote coastal development
3. Conserve the coastal environment
Select the correct answer using the codes given belowCorrect
All of the above are correct.
The government of India, in 2011, came up with Coastal Regulation Zone (CRZ).
The objective of CRZ was three-fold — to ensure livelihood security of fisher communities, conserve the coastal environment, and sustainably promote development via understanding the risks and hazards. In 2019, CRZ was updated to develop and manage the coastal regions on scientific principles, considering the current global challenge of climate change and sea-level rise.Incorrect
All of the above are correct.
The government of India, in 2011, came up with Coastal Regulation Zone (CRZ).
The objective of CRZ was three-fold — to ensure livelihood security of fisher communities, conserve the coastal environment, and sustainably promote development via understanding the risks and hazards. In 2019, CRZ was updated to develop and manage the coastal regions on scientific principles, considering the current global challenge of climate change and sea-level rise. -
Question 5 of 5
5. Question
1 pointsWhich of the following statements regarding G20 Countries is/are correct?
1. G20 is an international forum of the governments and central bank governors from 20 major economies.
2. G20 was formed as a result of 2008 Global Financial Crisis.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Formed in 1999, the G20 is an international forum of the governments and central bank governors from 20 major economies.
It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Formed in 1999, the G20 is an international forum of the governments and central bank governors from 20 major economies.
It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
Leaderboard: 14th December 2021 | Prelims Daily with Previous Year Questions
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)
This body is set up as an independent and autonomous agency to tackle money laundering and financing of terrorist activities in India. The Financial Intelligence Unit India is an independent and autonomous body which reports directly to the Economic Intelligence Council (EIC).