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Question 1 of 5
1. Question
1 pointsWhich of the following statements given below is/are correct?
1. Stagflation is a situation in which the inflation rate is high and at the same time economic growth rate remains steadily high.
2. Deflation refers to the decrease in the general price level of goods and services but inflation rate remains above zero.
Select the correct answer using the codes given belowCorrect
Both the statements are incorrect.
Stagflation is a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation.
Deflation is the general decline in prices for goods and services occurring when the inflation rate falls below 0%.Incorrect
Both the statements are incorrect.
Stagflation is a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation.
Deflation is the general decline in prices for goods and services occurring when the inflation rate falls below 0%. -
Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Banks Board Bureau (BBB)
1. Banks Board Bureau (BBB) is an autonomous body of the Government of India tasked to recommend selection of chiefs of government owned banks and financial institutions.
2. The BBB works as step towards governance reforms in Public Sector Banks (PSBs) as recommended by Nachiket More Committee.
Which of the statements given above is/are correct?Correct
Statement 1 is correct while statement 2 is incorrect.
Banks Board Bureau (BBB) is an autonomous body of the Government of India tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of government owned banks and financial institutions and to help banks in developing strategies and capital raising plans.
The BBB works as step towards governance reforms in Public Sector Banks (PSBs) as recommended by P.J. Nayak Committee.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Banks Board Bureau (BBB) is an autonomous body of the Government of India tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of government owned banks and financial institutions and to help banks in developing strategies and capital raising plans.
The BBB works as step towards governance reforms in Public Sector Banks (PSBs) as recommended by P.J. Nayak Committee. -
Question 3 of 5
3. Question
1 pointsConsider the following statements about
1. Gross Domestic Product (GDP) is the aggregate value of goods and services produced within the domestic territory of a country.
2. GDP includes the replacement investment of the depreciation of capital stock.
Which of the statements given above is/are correct?Correct
Both the statements are correct.
Gross Domestic Product (GDP) Aggregate value of goods and services produced within the domestic territory of a country.
It includes the replacement investment of the depreciation of capital stock.Incorrect
Both the statements are correct.
Gross Domestic Product (GDP) Aggregate value of goods and services produced within the domestic territory of a country.
It includes the replacement investment of the depreciation of capital stock. -
Question 4 of 5
4. Question
1 pointsShaphari scheme, seen in news, is related to which of the following given below?
Correct
The Marine Products Exports Development Authority (MPEDA) has developed a certification scheme for aquaculture products called ‘Shaphari’, a Sanksrit word that means superior quality of fishery products suitable for human consumption. The Shaphari scheme is based on the United Nations’ Food and Agriculture Organization’s technical guidelines on aquaculture certification and will have two components — certifying hatcheries for the quality of their seeds and, separately, approving shrimp farms that adopt the requisite good practices.
Incorrect
The Marine Products Exports Development Authority (MPEDA) has developed a certification scheme for aquaculture products called ‘Shaphari’, a Sanksrit word that means superior quality of fishery products suitable for human consumption. The Shaphari scheme is based on the United Nations’ Food and Agriculture Organization’s technical guidelines on aquaculture certification and will have two components — certifying hatcheries for the quality of their seeds and, separately, approving shrimp farms that adopt the requisite good practices.
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Aditya-L1 mission
1. It is India’s first solar mission.
2. It will be launched on PSLV launch vehicle.
Which of the statements given above is/are correct?Correct
Both the statements are correct.
The Aditya-1 mission was conceived as a 400kg class satellite carrying one payload, the Visible Emission Line Coronagraph (VELC) and was planned to launch in a 800 km low earth orbit. A Satellite placed in the halo orbit around the Lagrangian point 1 (L1) of the Sun-Earth system has the major advantage of continuously viewing the Sun without any occultation/ eclipses. Therefore, the Aditya-1 mission has now been revised to “Aditya-L1 mission” and will be inserted in a halo orbit around the L1, which is 1.5 million km from the Earth.
The satellite carries additional six payloads with enhanced science scope and objectives. It is planned to be launched on the PSLV-C56 in December 2021 or January 2022.Incorrect
Both the statements are correct.
The Aditya-1 mission was conceived as a 400kg class satellite carrying one payload, the Visible Emission Line Coronagraph (VELC) and was planned to launch in a 800 km low earth orbit. A Satellite placed in the halo orbit around the Lagrangian point 1 (L1) of the Sun-Earth system has the major advantage of continuously viewing the Sun without any occultation/ eclipses. Therefore, the Aditya-1 mission has now been revised to “Aditya-L1 mission” and will be inserted in a halo orbit around the L1, which is 1.5 million km from the Earth.
The satellite carries additional six payloads with enhanced science scope and objectives. It is planned to be launched on the PSLV-C56 in December 2021 or January 2022.
Leaderboard: 25th August 2021 | Prelims Daily with Previous Year Questions
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