206: Consider the following statements
1. The quantity of imported edible oils is more than the domestic production of
edible oils in the last five years.
2. The Government does not impose any customs duty on all the imported edible
oils a special case.
Which of two statements given above is/are correct
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
207: Which one of the following is a membrane that protects the developing embryo from desiccation ?
(a) Amnion
(b) Allantois
(c) Chorion
(d) Yolk sac
Explanation:
Amnion protects the developing embryo from desiccation and mechanical injury by enveloping the embryo and is filled with watery fluid.
Allantois serves as a respiratory organ and as a reservoir of excreta.
Yolk sac surrounds yolk and provides nutrients to embryo.
Chorion : outermost membrane serves as exchange between embryo and environment. It helps in respiration, nutrition, excretion etc.
208: In a remote Indian village with a scarcity of fuel, the people draw water from a well. They should be advised before drinking that water to:
(a) Boil it
(b) Use ion exchange resins
(c) Use solar stills for distilling
(d) Use potassium permanganate for purifying the water
209: Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ?
(a) Debt Service Obligation
(b) Liquidity Adjustment Facility
(c) Cash Credit Ratio
(d) Statutory Liquidity Ratio
Explanation:
Statutory Liquidity Ratio or SLR refers to the amount that all banks require maintaining in cash or in the form of Gold or approved securities. Here by approved securities we mean, bond and shares of different companies.
Statutory Liquidity Ratio is determined as percentage of total demand and percentage of time liabilities. The maximum limit of SLR is 40% and minimum, limit of SLR is 24%.
In India, Reserve Bank of India always determines the percentage of Statutory Liquidity Ratio. There are some statutory requirements for temporarily placing the money in Government Bonds. Following this requirement, Reserve Bank of India fixes the level of Statutory Liquidity Ratio. At present (2010), the minimum limit of Statutory Liquidity Ratio that can be set by the Reserve Bank is 25%.
210: Consider the following statements :
1. The Oil Pool Account of Government of India was dismantled with effect from 1.4.2002.
2. Subsidies on PDS kerosene and domestic LPG are borne by Consolidated Fund of India.
3. An expert committee headed by Dr R. A. Mashelkar to formulate a national auto fuel policy recommended that Bharat State-II Emission Norms should be applied throughout the country by April 1, 2004.
Which of the statements given above are correct?
(a) 1 and 2
(b) 2 and 3
(c) 1 and 3
(d) 1, 2 and 3