Prelims Power Play 22 March 2022

1. Which of the following statements is /are correct?

1. CPI includes goods only whereas WPI includes goods and services both.
2. CPI gives a much higher weight to food articles than WPI
3. Fuel and power has a much lower weight in the CPI, compared to nearly double that in the WPI.

Select the correct answer using the codes given below:

2. Consider the following regarding the reasons for the CPI-WPI divergence.

1. Base Effect
2. Different weightage of items in CPI and WPI
3. Fall in consumer demand

Select the correct answers using the code given below.

3. With reference deflation, consider the following:

1. Deflation is fall in price level.
2. Economic crisis induced by pandemic can lead to deflation.

Which of the above is /are correct? Select the correct answer using the code given below.

4. With reference to the Atal Bhujal Yojana, consider the following statements:

1. The scheme lays emphasis on community participation and demand side interventions for sustainable ground water management.
2. The funds under the scheme are financed entirely by World Bank.
3. All states covered under the scheme.

Which of the statements given above is/are correct?

5. Which of the following can be the impact of solar storms?

1. It can cause satellite troubles
2. It can affect mobile phone and GPS signals.
3. It can affect power grids.
4. It can impact human health

Select the correct answer using the code below: