Q1. With reference to the Financial Stability Report, consider the following statements:
1. It is released by NITI Aayog.
2. It is a yearly publication with contributions from all the financial sector regulators.
Which of the statement(s) given above is/are correct?
Q2. With reference to the Member of Parliament Local Area Development (MPLAD) Scheme, consider the following statements:
1. It is a central government scheme, under which MPs can recommend development programmes involving spending of Rs 5 crore every year in their respective constituencies.
2. The nominated members of Rajya Sabha are not eligible for this scheme.
3. The government transfers funds directly to the respective local authorities.
4. The legislators cannot recommend work related to road construction.
How many of the statements given above are correct?
Q3. With reference to the Mineral Security Partnership (MSP), consider the following statements:
1. India has been inducted into the Mineral Security Partnership.
2. It is a Russia-led collaboration of 14 countries that aims to catalyse public and private investment in critical mineral supply chains globally.
Q4. Consider the following statements about gross domestic product (GDP):
1. It is the most basic way to assess the performance of any economy.
2. GDP is defined as the total “market value” of all final goods and services in an economy.
3. Nominal GDP is derived by removing the effect of inflation from the Real GDP.
How many of the statements given above are not correct?
Q5. Consider the following statements:
1. The CPI-based inflation data is compiled by the Department for Promotion of Industry and Internal Trade (or DPIIT).
2. The Wholesale price index (WPI) takes into account the change in prices of services.
3. The Consumer price index (CPI) is dominated by the prices of manufacturing goods.