Prelims Power Play 22 April 2024

1. Consider the following statements:

Statement-I: The elderly population in India is expanding at an unprecedented rate and may be expected to surpass the children’s population by mid-century.

Statement-II: India’s declining fertility rate and increasing life expectancy is leading to rapid rise in ageing population.

Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

Statement-I is correct but Statement-II is incorrect

Statement-I is incorrect but Statement-II is correct

2. With reference to a conservation organization called” International Coral Reef Initiative (ICRI)”, which of the following statements is/are correct?

It is an intergovernmental organization formed by the countries which coral reefs ecosystem.
It aims to preserve coral reefs and related ecosystems around the world.
It was launched at UNFCCC Meeting in Paris in 2015.

How many of the above is /are correct?

Only one

Only two

All three

None

3. GIFT CITY often in news refers to

India’s first coastal export zone.

India’s first International Financial Centre

India’s first tax haven

India’s first SEZ.

4. As per Least Developed Countries Report 2023 recently released the total external debt of Least Developed Countries hit a record $570 billion in 2022. This report has been released by

International Monetary Fund

World Bank

The United Nations Conference on Trade and Development

Asian Development Bank

5. Consider the following taxes

Corporate tax
Personal Income tax
Securities Transactions Tax
Wealth Tax
Capital Gain Tax

How many of them are direct taxes? Select the correct answer using the code:

Only two

Only three

Only four

All five