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Question 1 of 5
1. Question
1 pointsConsider the following statements with respect to the Consumer Price Index (CPI)-
- Services are not included in the basket used to measure CPI.
- The prices of all the items in the basket have equal weightage in the value calculation of the basket.
- The core-CPI excludes the food and oil from the basket.
Which of the above are correct?
Correct
Explanation
https://indianexpress.com/article/business/economy/retail-inflation-on-food-prices-nearly-6-year-high-6215141/
Statement 1 is not correct-Services are also included in CPI calculation.
Statement 2 is not correct- There is a weighted average assigned to each item in the basket.
Statement 3 is correct- Core CPI excludes food and oil from the basket.Incorrect
Explanation
https://indianexpress.com/article/business/economy/retail-inflation-on-food-prices-nearly-6-year-high-6215141/
Statement 1 is not correct-Services are also included in CPI calculation.
Statement 2 is not correct- There is a weighted average assigned to each item in the basket.
Statement 3 is correct- Core CPI excludes food and oil from the basket. -
Question 2 of 5
2. Question
1 points‘NEON’ developed by Samsung is-
- A new operating system for mobile phones and drones.
- A new mobile handset capable of detecting the concentration of CO2 in the air.
- Computationally created virtual humans.
- A type of transparent display.
Correct
https://www.civilsdaily.com/news/virtual-human-neon/
NEONs are computationally created virtual humans — the word derives from NEO (new) + humaN. For now, virtual humans can show emotions when manually controlled by their creators. But the idea is for NEONs to become intelligent enough to be fully autonomous, showing emotions, learning skills, creating memories, and being intelligent on their own.
Incorrect
https://www.civilsdaily.com/news/virtual-human-neon/
NEONs are computationally created virtual humans — the word derives from NEO (new) + humaN. For now, virtual humans can show emotions when manually controlled by their creators. But the idea is for NEONs to become intelligent enough to be fully autonomous, showing emotions, learning skills, creating memories, and being intelligent on their own.
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Question 3 of 5
3. Question
1 pointsWhich of the following is the theme of the ‘Raisina Dialogue-2020’?
- Navigating the alpha century.
- A World Reorder: New Geometries; Fluid Partnerships; Uncertain Outcomes.
- Managing Disruptive Transitions: Ideas, Institutions and Idioms.
- Asia: Regional and Global Connectivity.
Correct
The theme of the dialogue this year is- Navigating the alpha century.
Incorrect
The theme of the dialogue this year is- Navigating the alpha century.
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Question 4 of 5
4. Question
1 pointsPrevalence of fake currency notes in the economy could-
- Decreases inflation.
- Increases the inflation.
- Decreases the purchasing power of the money you hold.
- Increases the purchasing power of the money you hold.
Which of the above is correct?
Correct
Statement 2 and 3 are correct.
More notes in the economy which are acting as money lead to the situation in which limited goods are being chased by more money leading to inflation.
Inflation simply means the reduced purchasing power of the money you hold.
Incorrect
Statement 2 and 3 are correct.
More notes in the economy which are acting as money lead to the situation in which limited goods are being chased by more money leading to inflation.
Inflation simply means the reduced purchasing power of the money you hold.
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Question 5 of 5
5. Question
1 pointsWith reference to the religious history of India, consider the following statements :
1. The concept of Bodhisattva is central to the Hinayana sect of Buddhism.
2. Bodhisattva is a compassionate one on his way to enlightenment.
3. Bodhisattva delays achieving his own salvation to help all sentient beings on their path to it.Which of the statements given above is/are correct?
Correct
Prelims 2016 question.
Statements 1 is not correct- Bodhisattva is central to Mahayana sect.
Statement 2 and statement 3 are correct.
Incorrect
Prelims 2016 question.
Statements 1 is not correct- Bodhisattva is central to Mahayana sect.
Statement 2 and statement 3 are correct.
5/5