Quiz 2020: Prelims Power Play 24 August 2020

1. The Artificial Intelligence-based ASEEM PORTAL intends to

2. Consider the following statements regarding Inverted Duty Structure.

1. It impacts the domestic industry adversely by making Indian manufactured goods uncompetitive.
2. Concessions given under Free Trade Agreement has resulted into Inverted Duty structure.
3. It refers to taxation of inputs at higher rates than finished products that results in build-up of credits and cascading costs.

Which of the above statements is/are correct?

3. Last year, WHO declared that wild polio virus type 3 (WPV 3) has been eradicated. In this context consider the following statements with reference to polio viruses:

1. There are three immunologically distict wild polio virus strains: WPV 1, WPV2, and WPV2.
2. Two WPV strains namely WPV 3 and WPV 2 have been eradicated.
3. Wild poliovirus type 1 is restricted to Afghanistan and Pakistan

Which of the statements given above is/are correct?

4. Which of the following statements given is/are incorrect with regards to Monetary Policy Committee

1. The tenure of central government nominee to MPC is five years.
2. There are no selection process and criteria determined in the RBI Act for central government nominee.
3. The decision of the central government nominee is binding on the entire committee.

5. The word ‘Danuvius; is sometimes mentioned in news in reference to