Prelims Power Play 16 March 2022

1. Cryptocurrency is not considered as good money as currency notes. Which of the following are characteristics of good money?

1. Durability
2. Indivisibility
3. General acceptability
4. Portability
5. Homogeneity
6. Cognizability
7. Instability

Select the correct answer using the code below:

2. Consider the following in relation to Doctrine of Essential Religious Practices?

1. According to the essential religious Practice (EPR) doctrine only practices integral to religion are protected by fundamental rights.
2. Only Supreme Court can determine what constitute essential practice to any religion.
3. Recently, Karnataka HC held hijab is not essential to Islam.

Select the correct answer:

3. Consider the following statements

1. Permafrost is completely absent in southern hemispheres.
2. The degradation of the permafrost can emanate huge amounts of green house gases in the atmosphere.

Which of the above statements is /are incorrect? Select the correct answer using the code given below:

4. Which of the following may disturb fiscal consolidation plan of GOI?

1. Rising crude prices
2. Rise in imported fertilizer prices
3. Higher pace of growth of revenue expenditures relative to revenue receipts
4. Decline in pace of growth of revenue receipts
5. Strong revenue buoyancy

Select the correct answer using the code below

5. The Warehousing Development and Regulatory Authority (WDRA) ensures implementation of the provisions of the Warehousing (Development & Regulation) Act, 2007. With reference to this consider the various functions of WDRA:

1. Negotiability of warehouse receipts
2. Registration of warehouses
3. Promotion of scientific warehousing of goods
4. Improving fiduciary trust of depositors and banks
5. Enhancing liquidity in rural areas and
6. Promoting an efficient supply chain

Which of the above statements is/are correct?