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Question 1 of 5
1. Question
1 pointsConsider the following statements
- GDP is the total market value of all goods and services produced in the economy during a particular year, excluding tax and subsidies.
- Inflation in the country always leads to an increase in nominal GDP.
- The prices for all goods and services taken at an unchanged base year is-Real GDP.
Which of the above is/are correct?
Correct
Explanation
Statement 1 is not correct-Tax and subsidies are included in GDP calculations.
Statement 2 is not correct- It is not always the case. If overall production in an economy decreases, the situation could arise in which there is inflation and still no rise in even nominal GDP.
Statement 3 is correct- To calculate real GDP, prices at the base year are considered while all the services and productions are taken into account.Incorrect
Explanation
Statement 1 is not correct-Tax and subsidies are included in GDP calculations.
Statement 2 is not correct- It is not always the case. If overall production in an economy decreases, the situation could arise in which there is inflation and still no rise in even nominal GDP.
Statement 3 is correct- To calculate real GDP, prices at the base year are considered while all the services and productions are taken into account. -
Question 2 of 5
2. Question
1 pointsConsider the following with respect to Chandrayan-2?
- Vikram was a lander and Pragyan was a rover.
- ISRO scientists could not intervene to correct the anomaly in the last phase of landing because the lander was on autonomous mode.
Which of the above is/are correct?
Correct
Statement 1 is correct- Vikram was a lander and Pragyan was a rover.
Statement 2 is correct- ISRO scientist had come to know about the problem developed in the landing but could not intervene as it was fed with instructions and it was not possible to intervene from the ground
Incorrect
Statement 1 is correct- Vikram was a lander and Pragyan was a rover.
Statement 2 is correct- ISRO scientist had come to know about the problem developed in the landing but could not intervene as it was fed with instructions and it was not possible to intervene from the ground
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Question 3 of 5
3. Question
1 pointsNauradehi Sanctuary, recently in the news for successful tiger relocation, is situated in which of the following state?
- Rajasthan
- Madhya Pradesh
- Gujarat
- Maharashtra
Correct
Days after the Panna Tiger Reserve (PTR) celebrated a hugely successful decade of the reintroduction of big cats, a similar success story has been confirmed at the Nauradehi Sanctuary where three cubs were seen with their mother in camera trap images for the first time.
Incorrect
Days after the Panna Tiger Reserve (PTR) celebrated a hugely successful decade of the reintroduction of big cats, a similar success story has been confirmed at the Nauradehi Sanctuary where three cubs were seen with their mother in camera trap images for the first time.
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Question 4 of 5
4. Question
1 pointsWhich of the following is not correct about the recently carried out ‘Operation Twist’ by RBI?
- It deals with the simultaneous buy-sell operation of government bonds.
- It was carried out to bring down the long term interest rates and increasing the short term interest rates.
- In this exercise, RBI bought short term securities and sold long term securities.
- The operation kept the total liquidity in the economy unchanged.
Correct
Statement 1 is correct- It deals with the simultaneous buy and sells of securities.
Statement 2 is correct-It is carried out to bring down long term interest rate by buying the security maturing in the long term which in turn bring down the interest rate in that period.
Statement 3 is not correct- RBI has sold securities maturing in the short term and bought securities maturing in the long term.
Statement 4 is correct-the operation kept the total liquidity in the market unchanged as the total amount involved in buying and selling was the same.
Incorrect
Statement 1 is correct- It deals with the simultaneous buy and sells of securities.
Statement 2 is correct-It is carried out to bring down long term interest rate by buying the security maturing in the long term which in turn bring down the interest rate in that period.
Statement 3 is not correct- RBI has sold securities maturing in the short term and bought securities maturing in the long term.
Statement 4 is correct-the operation kept the total liquidity in the market unchanged as the total amount involved in buying and selling was the same.
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Question 5 of 5
5. Question
1 pointsIn the context of the developments in Bioinformatics, the term transcriptome’, sometimes seen in the news, refers to-
- A range of enzymes used in genome editing
- The full range of mRNA molecules expressed by an organism
- The description of the mechanism of gene expression
- A mechanism of genetic mutations taking place in cells
Correct
https://www.nature.com/scitable/definition/transcriptome-296/
A transcriptome is the full range of messenger RNA, or mRNA, molecules expressed by an organism. The term “transcriptome” can also be used to describe the array of mRNA transcripts produced in a particular cell or tissue type.
Incorrect
https://www.nature.com/scitable/definition/transcriptome-296/
A transcriptome is the full range of messenger RNA, or mRNA, molecules expressed by an organism. The term “transcriptome” can also be used to describe the array of mRNA transcripts produced in a particular cell or tissue type.
Can you please elaborate more on buying and selling of short term and long term securities through Operation Twist?
i have a doubt on q.4 . can somebody please elaborate.
statement 2 : It is carried out to bring down long term interest rate by selling the security maturing in the long term which in turn bring down the interest rate in that period.
statement 3 : RBI has sold securities maturing in the short term and bought securities maturing in the long term.
so, which is it, long term securities were sold or short term?
Hi Abhijeet… Securities maturing in short-term were sold.
Statement 2 is wrong in their explanation.
Buy long term sec–> Prices of sec goes up–> Yield/interest rate comes down–> encourages investment in long gestation projects
You are right Ishita. There was a mistake in the explanation of the statement 2. It has been corrected now.