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Question 1 of 5
1. Question
2 points
Consider the following statements about Minimum Support Price:
1. It is the minimum price at which the government purchases crops from farmers.
2. It is decided by the government on the recommendations of the Indian Council of Agriculture Research (ICAR).
Which of the statements given above is/are correct?
Correct
ANSWER: A Explanation:
Statement 1 is correct: MSP is the minimum price at which government purchases crops from farmers. It is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.
Statement 2 is incorrect: The Commission for Agricultural Costs and Prices (CACP) decides the minimum support price and recommend it to the government.
Incorrect
ANSWER: A Explanation:
Statement 1 is correct: MSP is the minimum price at which government purchases crops from farmers. It is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.
Statement 2 is incorrect: The Commission for Agricultural Costs and Prices (CACP) decides the minimum support price and recommend it to the government.
Question 2 of 5
2. Question
2 points
Recently, the world’s largest Direct-air carbon capture plant ‘Orca’ was started in which of the following countries?
Correct
ANSWER: D
Explanation:
Orca:
The World’s largest plant designed to suck carbon dioxide out of the air and turn it into rock has started running.
The plant, named Orca after the Icelandic word “orka” meaning “energy”, consists of four units, each made up of two metal boxes that look like shipping containers.
Constructed by Switzerland’s Climeworks and Iceland’s Carbfix, when operating at capacity the plant will draw 4,000 tonnes of carbon dioxide out of the air every year, according to the companies.
How does it work?
To collect the carbon dioxide, the plant uses fans to draw air into a collector, which has a filter material inside.
Once the filter material is filled with CO2, the collector is closed and the temperature is raised to release the CO2 from the material, after which the highly concentrated gas can be collected.
The CO2 is then mixed with the water before being injected at a depth of 1,000 metres into the nearby basalt rock where it is mineralised.
Incorrect
ANSWER: D
Explanation:
Orca:
The World’s largest plant designed to suck carbon dioxide out of the air and turn it into rock has started running.
The plant, named Orca after the Icelandic word “orka” meaning “energy”, consists of four units, each made up of two metal boxes that look like shipping containers.
Constructed by Switzerland’s Climeworks and Iceland’s Carbfix, when operating at capacity the plant will draw 4,000 tonnes of carbon dioxide out of the air every year, according to the companies.
How does it work?
To collect the carbon dioxide, the plant uses fans to draw air into a collector, which has a filter material inside.
Once the filter material is filled with CO2, the collector is closed and the temperature is raised to release the CO2 from the material, after which the highly concentrated gas can be collected.
The CO2 is then mixed with the water before being injected at a depth of 1,000 metres into the nearby basalt rock where it is mineralised.
Question 3 of 5
3. Question
2 points
Jatayu Conservation and Breeding Centre, involved in ex-situ conservation of vultures in India, is located in which of the following state?
Correct
ANSWER: B
Explanation:
The Jatayu Conservation and Breeding Centre (JCBC) is situated at the Bir Shikargah Wildlife Sanctuary in the Shivalik ranges of the Himalayan foothills in Haryana’s Pinjore.
Incorrect
ANSWER: B
Explanation:
The Jatayu Conservation and Breeding Centre (JCBC) is situated at the Bir Shikargah Wildlife Sanctuary in the Shivalik ranges of the Himalayan foothills in Haryana’s Pinjore.
Question 4 of 5
4. Question
2 points
Which of the following is compiled by Central Statistics Office (CSO)?
Correct
ANSWER: D
Explanation:
Types of CPI:
CPI for Industrial Workers (IW): Compiled by the Labour Bureau in the Ministry of Labour and Employment.
CPI for Agricultural Labourer (AL): Compiled by the Labour Bureau in the Ministry of Labour and Employment.
CPI for Rural Labourer (RL): Compiled by the Labour Bureau in the Ministry of Labour and Employment.
CPI (Rural/Urban/Combined): Compiled by the Central Statistical Organisation (CSO) in the Ministry of Statistics and Programme Implementation.
Incorrect
ANSWER: D
Explanation:
Types of CPI:
CPI for Industrial Workers (IW): Compiled by the Labour Bureau in the Ministry of Labour and Employment.
CPI for Agricultural Labourer (AL): Compiled by the Labour Bureau in the Ministry of Labour and Employment.
CPI for Rural Labourer (RL): Compiled by the Labour Bureau in the Ministry of Labour and Employment.
CPI (Rural/Urban/Combined): Compiled by the Central Statistical Organisation (CSO) in the Ministry of Statistics and Programme Implementation.
Question 5 of 5
5. Question
2 points
Consider the following statements about the Wholesale Price Index (WPI):
It is compiled by National Statistical Office (NSO).
It calculates the changes in prices of goods and services at the producer level.
Which of the statements given above is/are correct?
Correct
ANSWER: D
Explanation:
Statement 1 is incorrect: WPI is compiled by the Office of Economic Adviser, Ministry of Commerce & Industry.
Statement 2 is incorrect: It calculates the changes in prices of only goods (not services) at the producer level.
Incorrect
ANSWER: D
Explanation:
Statement 1 is incorrect: WPI is compiled by the Office of Economic Adviser, Ministry of Commerce & Industry.
Statement 2 is incorrect: It calculates the changes in prices of only goods (not services) at the producer level.
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