Prelims Power Play 23 March 2022

1. Which of the following contributes the highest share to agriculture credit in Indian currently

2. Tropical regions have higher biodiversity compared temperate and Polar Regions because of

1. Tropical latitudes have remained relatively undisturbed for millions of years
2. Tropical environments, unlike temperate ones, are less seasonal, relatively more constant and predictable
3. There is more solar energy available in the tropics, which contributes to higher productivity

Select the correct answer using the code below:

3. Consider the following regarding Consumer Protection Act, 2019

1. Alternate Dispute Resolution mechanism of Mediation has been provided in the new Act.
2. Under the act there is no Court fee for all types of consumer complaints.
3. Under the act Consumer Welfare Fund has been created for consumer welfare.

Which of ye above statements is/are correct?

4. The basic aim of Lead Bank Scheme is that

5. Ukraine crisis can lead to worldwide recession. Consider the following statements in this context:

1. Aslowdown signifies a drop in the gross domestic product (GDP), while a economic recession slowdown is merely a decline in the growth rate of the GDP.
2.  A slowdown usually precedes recession, but does not necessarily lead to one.

Which of the above statements is/are correct?