DESIREIAS QUIZ

13th November Daily MCQ Based on Current Affairs (Answers)

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13th November Daily MCQ Based on Current Affairs

Q-Consider the following statements regarding Consumer Price Index (CPI)

1-Consumer Price Index (CPI) is a price index which represents the average price of a basket of goods over time.
2- CPI calculates the average price paid by the Seller.
3- Education, communication, transportation, recreation, apparel, foods and beverages, housing and medical care are the 8 groups for which the CPI is measured.
4- CPI (Rural, Urban, Combined) used base year as 2010

Select the correct answer using the code given below:
A- Only 1,3,4
B- Only 1,2,3
C- Only 1,3
D- Only 1,4

MCQ Source- 12th November 2018, The PIB News Analysis,Topic- Consumer Price Index numbers on base

Ans-C

 

Q-Consider the following statements regarding Consumer Price Index (CPI)

1- It Published by Office of Economic Advisor (Ministry of Commerce & Industry)
2- It Measures prices of Goods only.
3- It is used by more than 150 country.
4- CPI Data released on Monthly basis.

Select the correct answer using the code given below:
A- Only 1,2
B- Only 1,4
C- Only 3,4
D- Only 2,3

MCQ Source- 12th November 2018, The PIB News Analysis,Topic- Consumer Price Index numbers on base

Ans-C

Exp-

  • Consumer Price Index (CPI) is a price index which represents the average price of a basket of goods over time.
  • CPI calculates the average price paid by the consumer to the shopkeepers.
  • Education, communication, transportation, recreation, apparel, foods and beverages, housing and medical care are the 8 groups for which the CPI is measured.
  • It  Published by Central Statistics Office (Ministry of Statistics and Programme Implementation)
  • It Measures prices  of Goods and Services both
  • It is used by more than 150 country
  • Data released on Monthly basis
  • CPI (Rural, Urban, Combined) on Base 2012

 

Q-Consider the following statements regarding Wholesale Price Index (WPI)

1-Wholesale Price Index (WPI) is an indicator of price changes in the wholesale market.
2-WPI calculates the price paid by the manufacturers and wholesalers in the market.
3-WPI measure the changes in commodity price at selected stages before goods reach to the retail level.

Select the correct answer using the code given below:
A- Only 1,2
B- Only 1,3
C- Only 2,3
D- All of above

MCQ Source- 12th November 2018, The PIB News Analysis,Topic- Consumer Price Index numbers on base

Ans-D

 

Q-Consider the following statements regarding Wholesale Price Index (WPI)

1-Wholesale Price Index (WPI) Published by Central Statistics Office (Ministry of Statistics and Programme Implementation)
2-WPI includes Goods & Services only
3- It Include Manufacturers and wholesalers

Select the correct answer using the code given below:
A- Only 1,2
B- Only 3
C- Only 2
D- All of above

MCQ Source- 12th November 2018, The PIB News Analysis,Topic- Consumer Price Index numbers on base

Ans-B

Exp-

Difference between WPI and CPI is as follows;

Basis For Comparison Wholesale Price Index (WPI) Consumer Price Index (CPI)
 Meaning  WPI, amounts to the average change in prices of commodities at wholesale level  CPI, indicates the average change in the prices of commodities, at the retail level.
 Published by  Office of Economic Advisor (Ministry of Commerce & Industry)  Central Statistics Office (Ministry of Statistics and Programme Implementation)
 Measures prices  of   Goods only  Goods and Services both
 Measurement of  Inflation  First stage of transaction  Final stage of transaction
 Prices paid by  Manufacturers and wholesalers  Consumers
 How many items covered 697 (Primary, fuel & power and manufactured products)  448(Rural Basket)

460 (Urban Basket)

 What type of items covered  Manufacturing inputs and intermediate goods like minerals, machinery basic metals etc.  Education, communication,  transportation, recreation, apparel, foods and beverages, housing and medical care
 Base year  2011-12  2012
 Used by  Only a few countries including India  157 countries
 Data released on   Primary articles, fuel and power (Weekly basis) &

overall (monthly basis since 2012)

 Monthly basis

Q-Consider the following statements regarding Consumer Food Price Index (CFPI)

1-The CSO launched Consumer Food Price Index (CFPI) constructing the index for early months of 2014 onwards.
2-Consumer Food Price Index (CFPI) is a measure of change in retail prices of food items consumed by the population.
3-The Methodology for the calculation of CFPI is similar to that of CPI. Base year and data are the same

Select the correct answer using the code given below:
A- Only 1,2
B- Only 3,2
C- Only 2
D- All of above

MCQ Source- 12th November 2018, The PIB News Analysis,Topic-
http://pib.nic.in/PressReleseDetail.aspx?PRID=1552489

Ans-D

Exp-

  • Measurement of food price movement is important to assess the changes in food prices as well as its impact on the general price level. Inflation in India is caused mostly by supply disturbances led by food items. There are two indices for measuring food inflation. The first is food price index calculated from food items that comes under the WPI, and the second one Consumer Food Price Index (CFPI) by CSO.
  • Under the CSO’s CFPI, the index gives food price level changes for rural, urban and all India basis. The base year used in CFPI is 2012 as in the case of CPI.
  • CFPI is based on retail price quotations as in the case of CPI, whereas the food index of WPI is obtained from wholesale price quotations.

Composition of CFPI

The Methodology for the calculation of CFPI is similar to that of CPI. Base year and data are the same. In CPI, food and beverage group constitutes 45.86% of weight. Out of this, beverages and some of the eatable items are excluded to derive the CFPI basket of commodities. Weight of the CFPI commodities is 39.05% of the entire CPI basket (MOSPI Annual Report 2014-15, P.27).  CSO brings CFPIs for the tree groups and hence there are three CFPIs:

  • CFPI -Rural
  • CFPI –Urban

Price quotations and data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts. Data are received through web portals being maintained by the National Informatics Centre

 

Q-Consider the following statements regarding Global Cooling Prize

1-The Global Cooling Prize is led by Rocky Mountain Institute (RMI) and is a growing coalition of the world’s most influential NGOs, policymakers, innovators, and labs.
2-The prize is supported by Mission Innovation, the Government of India through the Department of Science and Technology
3-A winning technology could prevent up to 100 gigatons (GT) of CO2-equivalent emissions by 2050

Select the correct answer using the code given below:
A- Only 1
B- Only 2
C-Only 2,3
D- All of the above
MCQ Source- 12th November 2018, The PIB News Analysis

 

Ans-D

Exp-

  • The Global Cooling Prize, an international competition to incentivize the development of a residential cooling technology that will have at least five times (5x) less climate impact than the standard Room Air Conditioning (RAC) was announced at the inaugural session of the two day Global Cooling Innovation Summit in New Delhi today.
  • The prize is supported by Mission Innovation, the Government of India through the Department of Science and Technology and its partner organizations namely Ministry of Power, Bureau of Energy Efficiency, and Ministry of Environment, Forests and Climate Change and will be administered by a coalition of leading research institutes—Rocky Mountain Institute (RMI), Conservation X Labs, the Alliance for an Energy Efficient Economy (AEEE), and CEPT University. The coalition will drive and support incubation, commercialization, and ultimately mass adoption of the breakthrough technology, starting in India and expanding to other countries around the world. A winning technology could prevent up to 100 gigatons (GT) of CO2-equivalent emissions by 2050, and put the world on a pathway to mitigate up to 0.5˚C of warming by 2100.
  • Inaugurating the Global Cooling Innovation Summit, Union Science & Technology Minister, Dr Harsh Vardhan said, “The increasingly hotter climates make it imperative for the Governments to provide thermal comfort for health and well being of its citizens.  Moreover, this comfort has to be provided in an environmentally benign way.  Balancing these objectives is extremely delicate and challenging. In view of huge cooling demand likely to be generated, incremental improvements are not likely to yield desired results.  It is in this context that scientific and technological community needs to be challenged to rise up to the occasion by providing breakthrough disruptive innovations.”
  • Over US$3 million will be awarded in prize money over the course of the two-year competition. Up to 10 short-listed competing technologies will be awarded up to US$200,000 each in intermediate prizes to support the design and prototype development of their innovative residential cooling technology designs. The winning technology will be awarded at least US$1 million to support its incubation and early-stage commercialization.
  • There are currently 1.2 billion room air conditioning units in service around the world. It is estimated that the number of units will increase to at least 4.5 billion by 2050. India alone will see over 1 billion air conditioning deployed in the market by 2050. The energy consumption associated with comfort cooling represents one of the largest end-use risks to the climate, putting the most vulnerable populations at risk.

Q-Consider the following statements regarding Indian Ocean Naval Symposium

1-The Indian Ocean Naval Symposium, commonly known as IONS, are a series of biennial meetings among the littoral states of the Indian Ocean region.
2-It provides a forum to increase maritime security cooperation, providing a forum for discussion of regional maritime issues and promote friendly relationships among the member nations
3-The IONS a regional forum of Indian Ocean littoral states, represented by their Navy chiefs, was initiated and launched by India in 2005

Select the correct answer using the code given below:
A- Only 1,2
B- Only 2,3
C- Only 1
D- all of the above

MCQ Source- 12th November 2018, The PIB News Analysis Topic-IONS 10th anniversary celebrations to commence today

Ans-A

Exp-

  • The Indian Ocean Naval Symposium, commonly known as IONS, are a series of biennial meetings among the littoral states of the Indian Ocean region.
  •  It provides a forum to increase maritime security cooperation, providing a forum for discussion of regional maritime issues and promote friendly relationships among the member nations
  • The IONS a regional forum of Indian Ocean littoral states, represented by their Navy chiefs, was initiated and launched by India in 2008
  • IONS is a security construct for the Indian Ocean region which is similar to the Western Pacific Naval Symposium. It is a voluntary initiative among the navies and maritime security agencies of the member nations. In addition to the symposiums, numerous other activities like workshops, essay competitions and lectures are also held under the umbrella of the organization.
  • The 35 member nations of the IONS are grouped into four sub-regions
  • There are nine states with observer status: China, Germany, Italy, Japan, Madagascar, Malaysia, Netherlands, Russia and Spain

Q-Consider the following statements regarding Regional Comprehensive Economic Partnership (RCEP)

1-The Regional Comprehensive Economic Partnership (RCEP) is a pact that aims to cover only goods, services, investments, economic and technical cooperation, competition and intellectual property rights.
2-India already has a free trade agreement with Association of Southeast Asian Nations (ASEAN), Japan and South Korea
3-The RCEP members include 10 ASEAN members
4-2nd RCEP Leaders Summit will be held in Singapore.

Select the correct answer using the code given below:

A- Only 1,3
B- Only 2,3,4
C- Only 1,3,4
D- All of the Above
MCQ Source- 12th November 2018, The PIB News Analysis Topic-2nd RCEP Leaders Summit will be held in

Ans-D

Exp-

  • The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, is leading the delegation for the meeting for trade Ministers of RCEP member countries which is taking place in Singapore on November 12-13, 2018.
  • The Regional Comprehensive Economic Partnership (RCEP) is a pact that aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights. Trade Ministers of the 16 member RCEP are meeting in Singapore to continue to exert all efforts towards meeting the targets set. The chief negotiators had recently concluded the 24th round of meeting in Auckland, New Zealand, last month.
  • India already has a free trade agreement with Association of Southeast Asian Nations (ASEAN), Japan and South Korea and it is negotiating similar pacts with Australia and New Zealand.
  • India is pushing for liberalizing norms to promote services trade as the sector accounts for about 55 % of India’s GDP. India is looking for a balance trade agreement as it would cover 40% of the global GDP and over 42% of world’s population.
  • The RCEP members include 10 ASEAN members – Brunei Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam and their 6 free trade agreement partners – India, China, Japan, South Korea, Australia and New Zealand.
  • The ministerial meeting will be followed by the 2nd RCEP Leaders Summit on 14th November, 2018, in Singapore.

 

Q-Consider the following statements regarding Bannerghatta National Park

1-Bannerghatta National Park, located in Andhra Pradesh
2-The park is part of a wildlife corridor for elephants which connects the BR Hills and the Sathyamangalam forest.
3-The Biligirirangana Hills, commonly called BR Hills, is a hill range situated in south-eastern Andhra Pradesh, at its border with Karnataka in South India.

Select the correct answer using the code given below:
A- Only 1,2
B- Only 2
C- Only 3,2
D- None of the Above

MCQ Source- 13th November 2018,The Hindu Newspaper, Page-5 Bengaluru welcomes winged visitors

Ans-B

Exp-

  • Bannerghatta National Park, located in Karnataka
  • The park is part of a wildlife corridor for elephants which connects the BR Hills and the Sathyamangalam forest. The park is contiguous with Talli reserve forest in the southeast and Bilikal forest in the south.
  •  The Biligirirangana Hills, commonly called BR Hills, is a hill range situated in south-eastern Karnataka, at its border with Tamil Nadu (Erode District) in South India.
  • The area is called Biligiriranganatha Swamy Temple Wildlife Sanctuary or simply BRT Wildlife Sanctuary.
  • It is a protected reserve under the Wildlife Protection Act of 1972.
  • Being at the confluence of the Western Ghats and the Eastern Ghats, the sanctuary is home to eco-systems that are unique to both the mountain ranges.
  • The site was declared a tiger reserve in January 2011 by the Karnataka government, a few months after approval from India’s National Tiger Conservation Authority.