116: Other than Jatropha curcas, why is Pongamia pinnata also considered a good option for the production of bio-diesel in India ?
1. Pongamia pinnata grows naturally in most of the arid regions of India.
2. The seeds of Pongamia pinnata are rich in lipid content of which nearly half is oleic acid.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Explanation:
Pongamia pinnata (Indian Beech Tree, Honge Tree, Pongam Tree, Panigrahi) is tree thought to have originated in India-and is found throughout Asia. The seed oil has been found to be useful in diesel generators and, along with Jatropha, it is being explored in hundreds of projects throughout India and the third world as feedstock for biodiesel. It is especially attractive because it grows naturally through much of arid India, having very deep roots to reach water, and is one of the few crops well-suited to commercialization by India's large population of rural poor.
Pongamia pinnata has the rare property of producing seeds of 25-40% lipid content of which nearly half is oleic acid.
117: With reference to inflation in India, which of the following statements is correct?
(a) Controlling the inflation in India is the responsibility of the Government of India only
(b) The Reserve Bank of India has no role in controlling the inflation
(c) Decreased money circulation helps in controlling the inflation
(d) Increased money circulation helps in controlling the inflation
Explanation:
Statement C is the correct answer, because decreased money circulation means less money with people which lead to less demand which will result into controlling the inflation.
118: Regarding 'The International Monetary Fund' which one of the following statements is correct?
(a) It can grant to any country.
(b) It can grant loans to only developed countries.
(c) It grants loans to only member countries.
(d) It can grant loans to the central bank of a country.
Explanation:
The International Monetary Fund (INF) is an intergovernmental organization that oversees the global financial system by taking part in the macroeconomic policies of its established members, in particular those with an impact on exchange rate and the balance of payments. The objectives are to stabilize international exchange rates and facilitate development through the influence of neoliberal economic policies in other countries as a condition of loans, debt relief, and aid. It also offers loans with varying levels of conditionality, mainly to poorer countries.
119: Match List I with List II and select the correct answer using the codes given below the lists :
List I------ List II
(Places)----(Industries)
I. Jamnagar-(A) Aluminium
II. Hospet---(B) Woollen Textile
III. Korba----(C) Fertilizers
IV. Haldia----(D) Cement
-------------(E) Iron and Steel
Codes:
(a) I-D, II-C, III-A, IV-B
(b) I-B, II-E, III-A, IV-C
(c) I-D, II-E, III-B, IV-A
(d) I-B, II-A, III-D, IV-C
120: Bank Rate implies the rate of interest
(a) paid by the Reserve Bank of India on the Deposits of Commercial Banks
(b) charged by Banks on loans and advances
(c) payable on Bonds
(d) at which the Reserve Bank of India discounts the Bills of Exchange