Prelims Power Play 21 February 2022

1. Pashmina Shawls is made which of the tribe?

2. With reference to the Organization of Petroleum Exporting Countries (OPEC), consider the following statements:

1. It is an international organization to unify petroleum policies among Member Countries.
2. The members of OPEC are spread in Asia, Africa and South American continent only.
3. OPEC+ is the improved version of OPEC group in which they seek to expand member and market base for more control over oil prices
4. Recently, Venezuela has left the organization due to the political crisis in the country.

Which of the statements given above is/are incorrect?

3. Which of the following are lists are maintained by UNESCO

1. Creative cities
2. Biosphere Reverse
3. Intangible Heritage
4. Memory of the World Register
5. Global Geoparks

Select the correct answer from the code below

4. With reference to ad valorem taxes, consider the following statements.

1. It is fixed irrespective of the value of the asset or the price of the good.
2. It is a progressive form of taxation.
3. Property Tax is an example of ad valorem taxes.

Which of the statements given above is/are correct?

5. Increasing share of indirect taxes in India’s revenue collections means Indian taxation system is becoming more