Prelims Power Play 16 April 2022

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1. Consider the following regarding cabinet

  1. It is a constitutional body.
  2. It is the highest decision making body
  3. All members of the Council of Ministers are not members of the Cabinet.

Which of the above is /are correct?

 
 
 
 

2. Which of the following is the mandate of Petroleum Planning and Analysis Cell

  1. Analyzing the trends in the international oil market and domestic prices.
  2. Administration of subsidy on PDS Kerosene and domestic LPG and freight subsidy for far flung areas
  3. Forecasting and evaluation of petroleum import and export trends.

Which of the above is /are correct?

 
 
 
 

3. Consider the following regarding India’s oil imports

  1. India doesn’t import any oil from USA.
  2. India has been reducing oil import from OPEC in recent years.
  3. India imports a substantial percentage of its oil import from Russia.

Which of the above is /are correct?

 
 
 
 

4. Consider the following

  1. Reserve Bank of India has the sole right to issue banknotes in India.
  2. The printing of notes in the denominations of Rs 2 and Rs 5 has been discontinued.
  3. The design, form and material of bank notes are decided by the Central Board of RBI.
  4. The Government of India is responsible for the designing and minting of coins in various denominations.

Which of the above is /are correct?

 
 
 
 

5. Poison pill in economy refer to