Prelims Power Play 1 April 2022

1. Consider the following statements with reference to the Index of Industrial Production (IIP):

1. Index of Industrial Production is published by the CSO every week.
2. The present IIP series has a base year of 2015-16.
3. In ‘Sectoral’ classification, weightage of Manufacturing is the highest.

Which of the statements given above is/are correct?

2. Compared to lead acid battery, Lithium ion battery has

1. Light weight
2. High energy density
3. Faster ability to recharge
4. Longer lifespan

Select the correct answer using the code below

3. Index Core Industries measures collective and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Petroleum Refinery Products, Fertilizers, Steel, Cement and Electricity. Arrange the following core sectors in decreasing order of their weightage to index

1. Refinery Products
2. Electricity
3. Cement
4. Crude Oil

Code:

4. Recently data related to India’s external debt was released. Consider the following statements:

1. A country with a low external debt-to-GDP ratio indicates that it is capable of producing and selling goods and repaying its debts without incurring further debt
2. Among the G-20 OECD Countries, India’s debt-to-GDP ratio is one of the highest.
3. India’s external debt to GDP is rising steadily in the last 5 years.

Which of the statements given above is/are correct?

5. Consider following statements regarding GM crops in India:

1. Genetic Engineering Appraisal Committee (GEAC) is the apex body that allows for the commercial release of GM crops is headed by Minister of Science and technology.
2. Till date the only Bt cotton has got regulatory approval.
3. Illegal cultivation of GM crop is punished under Biological diversity act, 2002.

Which of the above is/are incorrect statements?