Quiz 2021: Prelims Power Play 29 July 2021

1. With reference to ‘Pre-Packs’ recently seen in news, consider the following statements:

1. A pre-pack is the resolution mechanism of a distressed company through a direct agreement between secured creditors and the existing owners.
2. It involves a public bidding process.
3. It has been under Insolvency and Bankruptcy Code.

Select the correct answer from the code given below:

2. With reference to The Earth Overshoot day, consider the following statements:

1. The Earth Overshoot day falls on 29 July every year.
2. It marks the date when humanity’s demand for ecological resources and services in a given year exceeds what Earth can regenerate in that year.
3. It is calculated by The World Wide Fund for Nature (WWF), an international non-governmental organization.

Select the correct answer from the code given below:

3. With reference to the Ken Betwa Link Project (KBLP) consider the following statements:

1. The Ken-Betwa Link Project is the first project under the National Perspective Plan for interlinking of rivers.
2. KBLP aims to transfer surplus water from the Betwa in UP to Ken River in MP to irrigate the drought-prone Bundelkhand region.
3. It is identified under the Himalayan Component of the NationalRiver Linking Project.

Select the correct answer from the code given below:

4. Consider the following differences between futures and options

1. Futures entail obligations, whereas options have no obligations.
2. Options are more risky than future.

Which of the above statements is /are correct?

5. Consider the following statements

1. India is one of the 13 tiger range countries.
2. Every state in India has a tiger reserve.
3. Global Tiger Recovery Programme aims at doubling the tiger number by 2022.
4. The number of tigers and their habitat area in India is decreasing steadily.

Which of the above statements is /are correct?