17-08-2023 MCQs Test English

1. Consider the following statements with respect to Climate tipping points.

1. The Intergovernmental Panel on Climate Change (IPCC) defines tipping points as “critical thresholds in a system that, when exceeded, can lead to a significant change in the state of the system, often with an understanding that the change is irreversible.”
2. Greenland ice sheet, Permafrost, Ocean circulation and temperature (AMOC) are important climate tipping points.

Choose the correct answer.

2. Consider the following statements with respect to Windfall tax.

1. A windfall tax is a tax levied by governments against certain industries when economic conditions allow those industries to experience significantly above-average profits.
2. The purpose is to redistribute excess profits in one area to raise funds for the greater social good.

Choose the correct answer.

3. Consider the following statements with respect to Kashmir stag.

1. The Kashmir stag also called hangul is a subspecies of Central Asian red deer endemic to Kashmir and surrounding areas.
2. It is protected under appendix I of the CITES.

Choose the correct answer.

4. Consider the following statements with respect to Vishwakarma Yojana.

1. The beneficiaries of the Vishwakarma Yojana will encompass those engaged in traditional crafts requiring specialized skills.
2. The Vishwakarma Scheme was formally announced in the 2023 Budget.

Choose the correct answer.

5. Consider the following statements with respect to Incremental CRR.

1. ICRR is RBI’s new tool to manage liquidity in the banking system.
2. It is a percentage of the incremental increase in a bank’s net demand and time liabilities (NDTL) that the bank is required to maintain as cash reserves with the RBI.

Choose the correct answer.