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Prelims Daily Questions

June 24, 2021 - Daily Quiz

1. Consider the following w.r.t. Competition Commission of India
  1. It consists of a Chairperson and 6 Members.
  2. It is a judicial body.
  3. The Mergers, amalgamations and acquisitions in India are regulated by the Competition Commission of India.
Which of the Statements given above is/are correct?. (a) 1 and 2 only (b) 1, 2  and 3 (c) 1 and 3 only (d) None of these   2. The "Great Reset" is an initiative by (a) UN (b) IMF (c) WB (d) WEF   3. Consider the following w.r.t. K-Shaped Recovery.
  1. It happens when different sections of an economy recover at starkly different rates.
  2. It  really depends on the choice of how to disaggregate data across the economy.
Which of the Statements given above is/are correct?. (a) 1 only (b) 2 only (c) 1 and 2  (d) Neither 1 Nor 2   4. Which metals are covered hallmarking in India?
  1. Gold
  2. Silver
  3. Platinum
(a) 1 and 2 only (b) 1, 2  and 3 (c) 2 and 3 only (d) None of these   5. Why are petrol and diesel prices continuing to rise in India in recent times?
  1. Increasing central taxes
  2. Increasing state taxes
  3. Impact of Covid-19
Which of the Statements given above is/are correct? (a) 1 only             (b) 1 and 3 only (c) 2 and 3 only (d) 1, 2 and 3   Answers 1-(c) - It is a quasi-judicial body. https://indianexpress.com/article/explained/explained-why-cci-ordered-a-probe-into-googles-conduct-in-the-smart-tv-segment-7371909/ https://www.taxmann.com/post/blog/715/what-is-competition-commission-of-india/ 2-(d)  https://indianexpress.com/article/explained/what-is-the-great-reset-and-why-is-it-controversial-world-economic-forum-7160434/ 3-(d) https://indianexpress.com/article/explained/explained-ideas-what-is-a-k-shaped-economic-recovery-and-what-are-its-implications-7141416/ 4-(a) https://indianexpress.com/article/explained/what-is-gold-hallmarking-list-of-districts-where-it-is-mandatory-7361818/ 5-(d) https://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-minister-gives-two-main-reasons-behind-rising-fuel-prices/81144518 https://www.thenewsminute.com/article/TNM-explained-why-have-petrol-and-diesel-prices-increased-so-much-143624


POSTED ON 24-06-2021 BY ADMIN
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