Quiz 2021: Prelims Power Play 8 September 2021

1. Consider the following regarding Minimum Support Price (MSP)

1. It has statutory backing.
2. Only food crops grown the country are covered under MSP.
3. The Food Corporation of India (FCI) is the nodal central agency of the Government of India for procurement of crops under MSP.
4. It can only be availed by farmers owning less than 2 hectare of land.

Which of the above statements is/are correct? Select the correct answer from the code given below:

2. Consider the following statements regarding palm oil

1. 1. The yield of oil palm is more than sunflower, soyabean, and rapeseed.
2. India is currently the largest importer and the largest consumer of palm oil globally.
3. Palm oil is naturally semi-solid at room temperature, meaning there is no need for it to be hydrogenated and therefore it contains no trans-fats.

Which of the above statements is/are correct? Select the correct answer from the code given below:

3. Consider the following statements regarding Bitcoins

1. It is not a legal tender anywhere in the world.
2. World Banka and IMF have supported Bitcoin as a legal tender in emerging countries.
3. Bitcoins are digital currency and thus environmentally sustainable.

Which of the above statements is/are correct? Select the correct answer from the code given below:

4. With reference to AGR dues of Telecom companies, consider the following statements:

1.   The sum of license fee and Spectrum Usage Charges (SUC) make up the AGR dues
2.   The part of AGR dues collection goes to The Universal Service Obligation Fund (USOF) set up under Indian Telegraph act, 2003.
3.   It is a fee sharing mechanism based on profit sharing model

Which of the above statements is/are correct?

5. The Pamirs are the most famous mountain convergence zone in the world. Which of the following mountains converge at it?

1. Tianshan Mountains
2. Kalakunlun Mountains
3. Himalayas
4. Hindu Kush Mountains
5. Jierter-Sulaiman Mountains

Select the correct answer from the code given below: