Quiz 2021: Prelims Power Play 20 July 2021

1. Consider the following statements about recently announced NEA Scout Spacecraft:

1. NEA Scout has been developed jointly by NASA and European Space Agency.
2. Its main mission is to fly by and collect data from a near-Earth asteroid.
3. It will also be America’s first interplanetary mission using a special solar sail propulsion.
4. The programme will help in understanding the properties and potential damage caused in the event of an asteroid impact.

Select the correct answer from the code given below:

2. Consider the following statements about seaweeds:

1. Seaweeds are unicellular organisms living mainly in marine or freshwater.
2. Like plants, they use light to fix atmospheric carbon dissolved in water.
3. It is a renewable source of methane and can be converted to methane by a process of anaerobic fermentation.
4. Seaweeds can be used in wastewater treatment.

Select the correct answer from the code given below:

3. Consider the following statements about taxation of petroleum & petroleum products in India:

1. Petroleum products are subject to taxation under both union and state government.
2. Excise duty from petroleum products contributes more than 80 percent of all excise collected by the Union Government.
3. Consistent rise in fuel price is leading to increase in core inflation.

Select the correct answer from the code given below:

4. Marginal Cost of Fund based Lending Rate (MCLR) is determined by

1. Marginal Cost of Funds
2. Operating Costs.
3. Cost of Carry in the Cash Reserve Ratio (CRR)
4. Tenor Premium.

Select the correct answer from the code given below:

5. Consider the following statements

1. India is the largest importer of edible oil in the world.
2. 70% of edible oil consumer in India is imported.
3. India’s import dependence in edible oil is steadily reducing in the last 5 years

Which of the above statements is /are correct? Select the correct answer from the code given below: