Daily Quiz 14-7-23

Q2. Consider the following statements in the context of CPI inflation.

1. The weightage of food in the CPI basket has decreased from 60.9 (in 1960) to 46.2 (in 2001).

2. According to Engel’s Law as income rises, the proportion of income spent on food falls, even if the absolute expenditure on food rises.

Which of the above statements is/are correct?

Q3. Consider the following statements about peatlands.
1. Peatland, a type of wetland, is formed over thousands of years from the remains of dead plants.
2. Globally, peatlands take up some 3% of the planet’s land area and they are the second-best carbon sinks after forests.
Which of the above statements is/are correct?

Q4. Consider the following statements about the research ecosystem in India.

1. India’s expenditure on R&D hovers around 0.6-0.8% of the Gross Domestic Product (GDP).

2. Of India’s total research expenditure, a major share comes from the private sector.

Which of the above statements is/are correct?

Q5. As per data from FY22 and FY23, which of the following countries is the largest importer of Indian cotton yarn?

A. China

B. USA

C. Bangladesh

D. Russia

Q1. Which of the following countries is not part of the Global Biofuel Alliance (GBA), whose foundation document is set for a launch during the later part of JULY 2023?

A. USA

B. Brazil

C. India

D. Saudi Arabia