Current Affairs Quiz 14 June 2022
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Current Affairs Quiz 14 June 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Consider the following statements about Headline inflation.
(1) It is presently measured in terms of Wholesale Price Index (WPI) in India.
(2) It excludes the prices of food and fuel that constitute the volatile component of inflation.
Which of the above is/are correct?CorrectSolution: d)
Justification: Statement 1: RBI Governor had adopted the new Consumer Price Index (CPI) (combined) as the key measure of inflation in 2014 based on the Urijeet Patel committee recommendation. Earlier, RBI had given more weightage to Wholesale Price Index (WPI) than CPI as the key measure of inflation for all policy purposes.
Statement 2: Headline inflation is a measure of the total inflation within an economy, including commodities such as food and energy prices (e.g., oil and gas). Core inflation calculations excludes food and energy which tend to be much more volatile and prone to inflationary spikes.IncorrectSolution: d)
Justification: Statement 1: RBI Governor had adopted the new Consumer Price Index (CPI) (combined) as the key measure of inflation in 2014 based on the Urijeet Patel committee recommendation. Earlier, RBI had given more weightage to Wholesale Price Index (WPI) than CPI as the key measure of inflation for all policy purposes.
Statement 2: Headline inflation is a measure of the total inflation within an economy, including commodities such as food and energy prices (e.g., oil and gas). Core inflation calculations excludes food and energy which tend to be much more volatile and prone to inflationary spikes. - Question 2 of 5
2. Question
Which of the following statements regarding Zonal Council are not correct?
1. Zonal council are created under Zonal councils Act 1956.
2. Zonal Council is headed (chairman) by respective zone’s State Chief Minister based on rotation.CorrectAns;- c) Both 1 and 2
What are Zonal Councils?
• Zonal Councils are advisory councils and are made up of the states of India that have been grouped into five zones to foster cooperation among them. These were set up vide Part-III of the States Reorganization Act, 1956.
• The Zonal Councils are the statutory (and not the constitutional) bodies.
○ They are established by an Act of the Parliament, that is, States Reorganization Act of 1956.
• The act divided the country into five zones (Northern, Central, Eastern, Western and Southern) and provided a zonal council for each zone.
• The Union Home Minister is the common chairman of the five Zonal Councils.
• Each chief minister acts as a vice-chairman of the council by rotation, holding office for a period of one year at a time.
• While forming these zones, several factors have been taken into account which include the natural divisions of the country, the river systems and means of communication, the cultural and linguistic affinity and the requirements of economic development, security and law and order.
• In addition to the above Zonal Councils, a North-Eastern Council was created by a separate Act of Parliament i.e. the North-Eastern Council Act of 1971.
• These are advisory bodies that will discuss and make recommendations with regard to any matter of common interest in the field of economic and social planning between the Centre and States.IncorrectAns;- c) Both 1 and 2
What are Zonal Councils?
• Zonal Councils are advisory councils and are made up of the states of India that have been grouped into five zones to foster cooperation among them. These were set up vide Part-III of the States Reorganization Act, 1956.
• The Zonal Councils are the statutory (and not the constitutional) bodies.
○ They are established by an Act of the Parliament, that is, States Reorganization Act of 1956.
• The act divided the country into five zones (Northern, Central, Eastern, Western and Southern) and provided a zonal council for each zone.
• The Union Home Minister is the common chairman of the five Zonal Councils.
• Each chief minister acts as a vice-chairman of the council by rotation, holding office for a period of one year at a time.
• While forming these zones, several factors have been taken into account which include the natural divisions of the country, the river systems and means of communication, the cultural and linguistic affinity and the requirements of economic development, security and law and order.
• In addition to the above Zonal Councils, a North-Eastern Council was created by a separate Act of Parliament i.e. the North-Eastern Council Act of 1971.
• These are advisory bodies that will discuss and make recommendations with regard to any matter of common interest in the field of economic and social planning between the Centre and States. - Question 3 of 5
3. Question
Which one of the following protected areas is well-known for the conservation of a sub-species of the Indian swamp deer (Barasinga) that thrives well in hard ground and is exclusively graminivorous ?
CorrectAnswer: A
IncorrectAnswer: A
- Question 4 of 5
4. Question
Consider the following statements related to the National Infrastructure Pipeline (NIP):
1. The funding of the National Infrastructure Pipeline shall be done by the centre and the states in the
proportion of 50:50.
2. The energy sector accounts for the highest financial allocation under the NIP.
Which of the statements given above is/are correct?CorrectAnswer: B
The funding of the National Infrastructure Pipeline will be jointly made by the centre, the states and the private sector in the proportion of 39:39:22 (39 % each by the centre and the states, and 22% by the private sector).
IncorrectAnswer: B
The funding of the National Infrastructure Pipeline will be jointly made by the centre, the states and the private sector in the proportion of 39:39:22 (39 % each by the centre and the states, and 22% by the private sector).
- Question 5 of 5
5. Question
Which among the following international organizations publishes the “Global Investment Trend Monitor” Report?
CorrectAnswer: B
IncorrectAnswer: B
