Quiz 2021: Prelims Power Play 15 July 2021

1. Consider the following statements about the special livestock sector package recently approved by the cabinet committee:

1. All the schemes of the Department of Animal Husbandry to be merged into a single scheme.
2. A separate fund for Dairy Infrastructure is envisaged as DIDF (Dairy Infrastructure Development Fund) under the scheme.

Select the correct answer from the code given below:

2. Which of the following will be the outcome if an economy is under the inflationary pressure?

1. Domestic currency heads for depreciation.
2. Exports become less competitive with imports getting costlier.
3. Cost of borrowing decreases.
4. Bondholders get benefitted.

Select the correct answer using the code given below.

3. Consider the following statements

1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI)
2. The WPI does not capture changes in the prices of services, which CPI does
3. The Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates

Which of the statements given above is/are correct?

4. With respect to Urban Co-operative Banks consider the following statements:

1. UCBs are specifically excluded from the second schedule of RBI Act, 1934.
2. The deposits of UCBs are not covered under Deposit Insurance and Credit Guarantee Corporation of India Act.
3. Reserve Bank of India is the sole regulator of UCBs.

Which of the statements given above is/are incorrect?

5. Pradhan Mantri Matsya Sampada Yojana has been in news recently. In this regard, consider statements on Indian fisheries:

1. India is the largest fish producing countries.
2. Less than 50% of fish production in India is from inland sector.
3. Andhra Pradesh is the leading producer of the inland fish in India.

Which of the above are true?