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Daily MCQ Quiz

1. Why is RBI known as Lender of Last Resort?
  1. Lending to trade and industry bodies when they fail to borrow from other sources
  2. Lending to trade and industry bodies when they fail to borrow from other sources
  3. Lending to governments to finance budgetary deficits
Select the correct statements:
2. Consider the following statements regarding Anganwadi Workers (AWW)
  1. AWWs are an all-female cadre of community health workers constituted by the Ministry of Health and Family Welfare under the National Rural Health Mission in 2006.
  2. The main function of AWW is providing supplementary nutrition, non-formal pre-school education, nutrition and health education for mothers / pregnant mothers, nursing mothers and to adolescent girls, immunization, assisting in the implementation and execution of Kishori Shakti Yojana, and family planning.
Select the correct statements:
3. Which one of the following is not correct about the Repo rate?
Choose the incorrect statement:
4. Consider the following statements about Wholesale Price Index used to measure Inflation in India:
  1. The present base year of WPI is 2011-12 & Nodal Office for Compilation and release of WPI is the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.
  2. Definition of wholesale price index includes effect of taxes in order to remove the impact of fiscal policy.
  3. Weightage of Fuel & Power Group is more than that of primary Articles
  4. Weightage of Food Articles in WPI is lower than that in CPI
Choose the correct statements:
5. With reference to India's Maritime Neighbourhood, consider the following statements about Indian Ocean Rim Association:
  1. The Indian Ocean Rim Association is an inter-governmental organization which was established in 1997.
  2. Its member states are strictly from the Indian Ocean catchment area only.
  3. The Indian Ocean Dialogue (IOD) is a flagship initiative of the Indian Ocean Rim Association (IORA) & India hosted the first IOD in 2014.
Select the correct statements:
6. Given the recent emphasis by India on achieving Carbon Neutrality, consider the following statements about Forest Conservation Act, 1980
  1. It was enacted to consolidate the law related to forest, the transit of forest produces and the duty liveable on timber and other forests produce.
  2. Forest officers and their staff administer the Forest Act.
  3. Under the provisions of this Act, prior approval of the State Government is required for diversion of forestlands for non-forest purposes.
  4. Under the Act, Forest as a subject was transferred to the concurrent list of the Constitution.
Choose the incorrect statements:
7. Which of committees recommended to extend provisions of SARFAESI Act to Asset Reconstruction Companies?

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