May 8, 2021 - Daily Quiz
Which of the following statements is/are correct w.r.t. "Pollution Vouchers"?
1. Whenever a producer chooses to use a Pollution Voucher, the producer incurs an opportunity cost.
2. They permit the producers to emit pollution in their production process.
(a) Both 1 and 2
(b) 2 only
(c) 1 only
(d) Neither 1 nor 2
2. Which of the following are covered under the non-tax revenues while calculating the Fiscal Deficit?
1. Interest receipts
2. Dividends and profits
3. External grants
4. Union excise duties
5. GST
(a) 1, 2 and 3 only
(b) 2, 3 and 5 only
(c) 1, 4 and 5 only
(d) 1, 2, 3, 4 and 5
3. Which of the following functions is/are not undertaken by the IMF as the Global Economic Stabilizer?
1. The IMF advises the member countries on economic and financial policies to promote stability and reduce vulnerability to crises.
2. It monitors global economic trends and developments.
3. It provides technical assistance to help strengthen the members‟ institutional capacity.
(a) 1 and 3 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) None of these
4. Consider the following statements about the Commission for Agricultural Costs and Prices (CACP):
1. It is a statutory body under the Ministry of Agriculture and Farmers‟ Welfare.
2. It has no representation from the farming community.
3. It fixes the MSP of crops.
Which of the statements given above is/are correct?.
(a) 1 and 3 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) None of these
5. Consider the following statements about the Imported Inflation:
1. Imported Inflation is the rise in prices due to an increase in the costs of the imported products.
2. Imported Inflation is caused by a decline in the value of a country's currency.
3. The RBI takes "Imported Inflation‟ into account in policymaking.
Which of the statements given above are correct?.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answers
1 – (a)
https://wps.pearsoned.com/wps/media/objects/3844/3936850/protected/ch18/micsg18.pdf
2 – (a)
https://www.financialexpress.com/what-is/non-tax-revenue-meaning/1762795/
3 – (d)
https://www.thehindubusinessline.com/companies/vedanta-signs-mou-for-reuse-of-bauxite-residue/article34301801.ece
4 – (d)
https://indianexpress.com/article/explained/explained-how-the-1-5-times-formula-for-crops-msp-is-calculated-7075865/
5 – (d)
https://www.livemint.com/news/india/rbi-looks-to-tame-inflation-with-a-stronger-rupee-11599065207611.html
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