Prelims Power Play 7 February 2024

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1. Consider the following statements:

Statement-I: Tax: GDP rate is at all time high

Statement-II: As the economy grows and per capita income increases the tax-to-GDP also increases

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. ‘Hot money ‘recently in news refers to?

Money invested in crypto currencies

Money used in betting

Money that quickly and regularly moves between financial markets

Decreasing value of money because of hyperinflation.

3. Which of the following curve explains the relation between tax rate and tax revenue?

Lorenz Curve

Kuznet Curve

Laffer Curve

Philips Curve

4. Consider the following statements regarding the Chimeric antigen receptor or CAR-T cell therapy:

CAR-T cell therapy use patient’s own cells to attack tumor cells.
CAR-T cells are known as living drugs.
CAR-T cell therapy is effective against all type of tumors.

How many of the above statement/s is/are correct? Select the correct answer using the code given below:

Only one

Only two

All three

None

5. Which one of the following is associated with the issue of equitable access to genetic resources and the fair and equitable sharing of benefits arising from their utilization?

Bretton Woods Conference

Montreal Protocol

Kyoto Protocol

Nagoya Protocol