16th July 2024 | [Quiz] Current | For Prelims 2024

Which department is responsible for releasing the Wholesale Price Index (WPI)?

Which of the following statements best describes the role of the Reserve Bank of India (RBI) in managing the Balance of Payments?

Who is responsible for maintaining the People’s Biodiversity Register as per the Biological Diversity Act 2002?

Consider the following statements regarding Biodiversity Heritage Sites (BHS) in India:

1. BHS can only be terrestrial ecosystems due to the specific environmental sensitivities they aim to protect.
2. The recognition of BHS is primarily under the jurisdiction of the central government.
3. BHS include areas with high endemism and the presence of species of evolutionary significance.

Which of the above statements are correct?

Consider the following statements about the Credit-Deposit (CD) ratio in different economic scenarios:

1. In a deflationary period, a high CD ratio often indicates a credit crunch.
2. A rising CD ratio during economic expansion typically suggests robust credit demand and may lead to inflationary pressures.

Which of the above statements is/are correct?