PRELIMS मतलब MAD

Answer – (c)

Explanation:

About GDP gap: It is the difference between the actual gross domestic product (GDP) and the potential GDP of an economy.

About Positive GDP gap: It occurs when actual GDP is higher than potential GDP, signifying that an economy is overheated and at risk of high inflation. Hence Statement-I is correct.

A negative gap shows that an economy is operating at less than its full potential. Negative GDP gaps are common after economic shocks or financial crises and are reflective of an underperforming economy. Hence Statement-II is not correct.

Answer – (d)

Explanation:

About Regional Rural Banks: They were established in 1975 under the provisions of the Regional Rural Banks Act, 1976. The aim is to develop the rural economy and to create a supplementary channel to the ‘Cooperative Credit Structure’ with a view to enlarge institutional credit for the rural and agriculture sector.

The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributes to the share capital of RRBs in the proportion of 50%, 15% and 35%, respectively.

The area of operation of the RRBs is limited to few notified districts in a State. The RRBs mobilise deposits primarily from rural/semi-urban areas and provide loans and advances mostly to small and marginal farmers, agricultural labourers, rural artisans and other segments of priority sector.

Sources of Funds for RRBs: The sources of funds of RRBs comprise of owned funds, deposits, borrowings from NABARD, Sponsor Banks and other sources including SIDBI and National Housing Bank.

Hence option (d) is the correct answer.

Answer – (d)

Explanation:

About Internal Debt: It consists of marketable securities and non-marketable securities.

Marketable securities include fixed/floating rate dated securities, short-term borrowings through Treasury Bills and Cash Management Bills.

The non-marketable securities in internal debt are the Special Central Government securities issued to National Small Savings Fund (NSSF), securities issued to international financial institutions, special securities issued against securitisation of balances under Postal insurance and annuity funds (POLIF and RPOLIF), compensation & other bonds including outstanding amounts under Sovereign Gold Bond Scheme and Gold Monetisation Scheme, special securities issued to public sector banks / EXIM Bank / IDBI Bank / IIFCL.

Hence Option (d) is the correct answer.

Answer – (d)

Explanation:

About Maibra Jou Bidwi: It is from the State of Assam. It is revered and served as a welcome drink by most Bodo tribes. It’s prepared by fermenting half-cooked rice (mairong) with less water, and adding a little ‘amao’ (a potential source of yeast) to it. Hence pair 1 is not correct.

About Pachra Rignai: It belongs to the State of Tripura. It is a traditional cloth for women of indigenous tribes. It is a hand-woven traditional garment that exemplifies the region’s rich textile heritage and cultural significance. Hence pair 2 is not correct.

About Matabari Peda: It is a sweet from the State of Tripura. It is a dairy-based confectionary item traditionally served as prasad at the Tripurasundari temple in Gomati district. Hence pair 3 is not correct.

Hence Option (d) is the correct answer.

Answer – (b)

Explanation:

Statement 1 is not correct: The CPI-based inflation data is compiled by the Ministry of Statistics and Programme Implementation (or MoSPI) and the WPI-based inflation data is put together by the Department for Promotion of Industry and Internal Trade (or DPIIT), Ministry of Commerce and Industry.

The WPI is dominated by the prices of manufactured goods while the CPI is dominated by the prices of food articles.

Statement 2 is correct: WPI does not take into account the change in prices of services but CPI does take into account the price of services.

Statement 3 is correct: Both CPI and WPI derive their weights from output, CPI from consumption and WPI from production while both are not directly related to value added.

WPI consists of only commodities in their basic forms; intermediates and final product and weights are assigned to them at each stage. CPI draws weights from consumption expenditure, and the final products, and excludes the basic and intermediates.