March 2024 Economy_ Ecology and Environment Quiz
March 2024 Economy_ Ecology and Environment Quiz: Every day Multiple Choice (MCQs) / Objective Current Affairs Questions and Answers for SSC, IBPS, Banking, Railways, Various Entrance Exams, State level Competitions like TSPSC,APPSC,RRB, UPPSC, RPSC, MPPSC, MPSC, and other state PCS Examinations are provided in the Daily Current Affairs Quiz 2024.
Economy Quiz
1. ‘UDGAM’ portal is developed by
(a) Reserve Bank of India
(b) Securities and Exchange Board of India
(c) National Bank for Agriculture and Rural Development
(d) Small Industries Development Bank of India
Answer: (a) Reserve Bank of India
2. Which of the following statements accurately describes the concept of the “creator economy”?
(a) It refers exclusively to traditional artists and craftsmen selling their work through galleries and exhibitions.
(b) It encompasses a digital landscape where individuals generate income by producing and distributing their own content through platforms like YouTube, Instagram and TikTok.
(c) It revolves around the production and distribution of physical products by independent creators through e-commerce platforms such as Amazon and Flipkart.
(d) It is a term used to describe the corporate sector’s domination over creative industries, limiting opportunities for independent creators.
Answer: (b) It encompasses a digital landscape where individuals generate income by producing and distributing their own content through platforms like YouTube, Instagram and TikTok.
3. Consider the following minerals:
1. Lithium
2. Titanium
3. Beryllium
4. Zirconium
5. Niobium
6. Tantalum
As per the Mines and Minerals (Development and Regulation) Amendment act, 2023, how many of the above minerals have been removed from India’s atomic minerals lists?
(a) Only three
(b) Only four
(c) Only five
(d) All six
Answer: (d) All six
4. Consider the following statements about the European Free Trade Association:
1. It is a regional trade organization and free trade area.
2. It operates independently of the European Union (EU).
3. It currently has more than10 member countries.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
5. ‘Trade and Economic Partnership Agreement’ (TEPA) is sometimes seen in the news in the context of negotiations held between India and
(a) Gulf Cooperation Council
(b) Organization for Economic Cooperation and Development
(c) Shanghai Cooperation Organization
(d) European Free Trade Association
Answer: (d) European Free Trade Association
March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz
6. Consider the following statements regarding Real Estate Investment Trust (REIT):
1. REITs are investment vehicles that pool investor money like mutual funds and use it to buy real estate assets.
2. REITs are regulated by the RBI.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (a) 1 only
7. The ‘National Electronic Funds Transfer’ (NEFT) and ‘Real Time Gross Settlement’ (RTGS) system are managed by the
(a) National Payments Corporation of India
(b) Reserve Bank of India
(c) Clearing Corporation of India Limited
(d) Securities and Exchange Board of India
Answer: (b) Reserve Bank of India
8. Which one of the following has launched ‘ETHANOL 100’?
(a) Ministry of New and Renewable Energy
(b) Ministry of Petroleum and Natural Gas
(c) Ministry of Coal
(d) Ministry of Power
Answer: (b) Ministry of Petroleum and Natural Gas
9. Consider the following statements about the Tobacco Board:
1. It is a statutory body.
2. It functions under the Department of Commerce, Ministry of Commerce and Industry.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (c) Both 1 and 2
10. Consider the following:
1. Patents
2. Copyrights
3. Trademarks
4. Trade secrets
5. Industrial designs
How many of the above are the types of intellectual property rights?
(a) Only two
(b) Only three
(c) Only four
(d) All five
Answer: (d) All five
11. Consider the following statements:
1. In a T+0 settlement cycle, transactions are settled on the same day they are executed.
2. T+0 settlement cycle allows for immediate transfer of securities and funds.
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
Answer: (c) Both 1 and 2
12. Which of the following statements best describes the ‘Passing off’ provision?
(a) Passing off is a legal principle that protects consumers from deceptive practices by ensuring products or services are accurately represented.
(b) Passing off is a trademark law concept that prevents unauthorized use of a registered trademark by another party.
(c) Passing off is a criminal offense related to the unauthorized duplication of copyrighted material.
(d) Passing off refers to the act of fraudulently selling counterfeit goods as genuine products.
Answer: (a) Passing off is a legal principle that protects consumers from deceptive practices by ensuring products or services are accurately represented.
13. Consider the following statements.
1. Basmati rice cultivation is largely dependent on rainwater as it takes place during the main monsoon season.
2. In some states, Basmati rice is procured by the Government at Minimum Support Price (MSP).
3. More than one state in India have Geographical Indication (GI) tag for Basmati rice
How many of the above statements are correct?
(a) Only One
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
14. With reference to Private Placement of Securities, consider the following statements:
1. Private Placement of Securities refers to the process of selling stocks, bonds, or other securities directly to a select group of investors, rather than making them available to the general public.
2. This method is often used by companies to raise capital without having to go through the extensive regulatory requirements associated with a public offering.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (c) Both 1 and 2
March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz
Ecology and Environment Quiz
1. Consider the following statements regarding Coral reefs.
1. Coral reefs cover more than 25% of the earth’s surface.
2. Coral reefs help in substantially reducing coastal flooding and erosion.
3. Increased ocean temperature causes reefs to expel the symbiotic algae responsible for their colour.
How many of the above statements is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
2. Consider the following statements regarding Black corals.
1. Black corals are located in the Great Barrier Reef and Coral Sea off the coast of Australia.
2. They are filter feeders and eat tiny zooplankton that are abundant in deep waters.
3. They are found only in deep waters and they cannot survive in shallow waters.
4. They act as important habitats where fish and invertebrates feed and hide from predators.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) Only three
(d) All four
Answer: (c) Only three
3. Consider the following statements:
1. Sacred groves fall under protected areas, along with national parks, wildlife sanctuaries and conservation reserves, according to the Wild Life (Protection) Act (WLPA), 1972.
2. Sacred groves are identified as protected areas if they are uninhabited and completely owned by the Government of India but used for subsistence by communities if part of the lands are privately owned.
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
Answer: (d) Neither 1 nor 2
4. The Mission LiFE, a global mass movement to nudge individual and community action to protect and preserve the environment, introduced by India at
(a) The Earth Summit on Sustainable Development 2002, Johannesburg
(b) The United Nations Conference on Sustainable Development 2012, Rio de Janeiro
(c) The World Sustainable Development Summit 2020, New Delhi
(d) The United Nations Framework Convention on Climate Change 2022, Glasgow
Answer: (d) The United Nations Framework Convention on Climate Change 2022, Glasgow
5. Consider the following statements:
1. Leopard (Panthera pardus) is listed as Vulnerable on the IUCN Red List.
2. In India,Madhya Pradesh has the highest number of leopards followed by Maharashtra.
3. It is nocturnal and preys on smaller herbivores like chital and wild boa.
How many of the given above statement(s) is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (c) All three
6. Consider the following statements about the Ganges Dolphin:
1. The Ganges River dolphin is the national aquatic animal of India.
2. It is listed as ‘endangered’ under the IUCN Red List Assessments.
3. The Ganges River dolphin can only live in freshwater and is essentially blind.
How many of the given above statement(s) is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (c) All three
7. Which of the following statements about pine trees is true?
(a) Pine trees are angiosperms.
(b) Pine trees produce their seeds in cones.
(c) Pine trees are typically deciduous.
(d) Pine trees have broad leaves.
Answer: (b) Pine trees produce their seeds in cones.
8. Consider the following statements regarding Jim Corbett National Park.
1. Jim Corbett National Park is India’s and Asia’s first national park.
2. It was the first to come under the Project Tiger initiative.
3. It completely encompasses the Shivaliks, near the foothills of the Himalayas.
How many of the statements given above is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
9. Consider the following pairs[Wildlife Sanctuary: State]:
1. Gundla Brahmeswaram Wildlife Sanctuary: Karnataka
2. Debrigarh Wildlife Sanctuary: Odisha
3. Mhadei Wildlife Sanctuary: Goa
How many of the above pairs are correctly matched?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
10. With reference to the Anthropocene epoch, consider the following statements:
1. It is characterized by a decrease in human impact on the environment.
2. The term “Anthropocene” was coined to reflect the dominance of human activities in shaping Earth’s geological and ecological processes.
3. It marks a period of decreased biodiversity and species extinction.
How many of the above statements is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (a) Only one
March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz
11. Consider the following statements about Harit Nauka Initiative:
1. It is an initiative of the Indian Ports Association (IPA).
2. It is aimed at promoting the adoption of greener technologies in inland waterway vessels.
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
Answer: (b) 2 only
12. In which of the following states is Mudumalai Tiger Reserve located?
(a) Karnataka
(b) Kerala
(c) Tamil Nadu
(d) Andhra Pradesh
3. With reference to ‘Elephant Grass’, consider the following statements:
1. It can be cooked to make soups and stews.
2. It can be used as feed for livestock.
Answer: (c) Tamil Nadu
13. It can be used in the production of biofuels.
How many of the above statements given is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (c) All three
14. Consider the following statements about the GoldenLangur (Trachypithecus geei):
1. It is endemic to the Western Ghats of South India.
2. It is listed as Endangered by the IUCN.
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
Answer: (b) 2 only(c) Both 1 and 2
15. Consider the following statements about the Blue Leaders alliance:
1. It was founded and led by Conservation International, Pew Charitable Trusts, Global Environment Facility(GEF), Minderoo Foundation and Rob & Melani Walton Foundation.
2. Its primary aim is to spotlight and secure the critical benefits that nature provides to humanity.
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
Answer: (d) Neither 1 nor 2
16. In which of the following states is Pobitora Wildlife Sanctuary located?
(a) Sikkim
(b) Assam
(c) West Bengal
(d) Odisha
Answer: (b) Assam
17. Eco-Sensitive Zones are the areas that are declared under the
(a) Wildlife (Protection) Act, 1972
(b) Forest (Conservation) Act, 1980
(c) Environment Protection Act, 1986
(d) Biological Diversity Act, 2002
Answer: (c) Environment Protection Act, 1986
18. Consider the following statements regarding Indian rhinoceros.
1. The Indian rhinoceros is found in the Brahmaputra valley, parts of North Bengal, and parts of southern Nepal.
2. The Indian rhino is listed as vulnerable in the IUCN Red List.
3. Assam’s Manas National Park has the highest number of Indian rhinos in the wild in India.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
19. Consider the following statements regarding Community Reserve
1. The Community Reserve was established under the Environment Protection Act, 1986.
2. Any state government can declare a community-owned forest area as “community reserve” if locals are willing to participate in conservation efforts for the same.
3. Community reserves receive the same legal protection as National Parks and Wildlife Sanctuaries.
Which of the above statements is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
20. ‘Kalpa Suvarna’, recently seen in news, is a/an/the
(a) hybrid variety of rice
(b) new dwarf coconut variety
(c) variety of wheat
(d) genetically modified pest-resistant plant cotton variety
Answer: (b) new dwarf coconut variety
21. Which of the following statements about biomining is/are correct?
(a) It is a process that uses microorganisms to extract metals from ores.
(b) It can only be used for extracting precious metals like gold and silver.
(c) It has high environmental impact and involves the use of toxic chemicals and large amounts of energy.
(d) It is a rapid process that yields metals without any pre-treatment of the ore.
Answer: (a) It is a process that uses microorganisms to extract metals from ores.
22. Consider the following materials:
1. sugar cane
2. corn
3. soybeans
How many of the above materials are used to make biofuels?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (c) All three
23. Consider the following statements about Similipal Tiger Reserve:
1. It is a part of UNESCO’s World Network of Biosphere Reserves.
2. The Erenga Kharias and Mankirdias are two of the native tribes who live there.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (c) Both 1 and 2
March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz
24. In India opium poppy cultivation is prohibited, except under a license issued by the
(a) Indian Council of Medical Research
(b) National Biodiversity Authority
(c) Central Bureau of Narcotics
(d) Central Drugs Standard Control Organisation
Answer: (c) Central Bureau of Narcotics
25. Consider the following statements about Amrabad Tiger Reserve:
1. It is located in the state of Maharashtra.
2. It is traversed by the rivers Dayyam Vagu and Godavari.
3. It was established with the aim of conserving the sloth beer.How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (d) None
26. The Central Pollution Control Board (CPCB) was constituted under ___.
(a) The Wild Life (Protection) Act, 1972
(b) The Water (Prevention and Control of Pollution) Act, 1974
(c) The Air (Prevention and Control of Pollution) Act, 1981
(d) The Environment Protection Act of 1986
Answer: (b) The Water (Prevention and Control of Pollution) Act, 1974
27. With reference to India’s Banni Grassland, consider the following statements:
1. The Banni Grassland is a unique ecosystem located in the Rann of Kutch region of Gujarat, India.
2. It is characterized by its vast expanse of grasslands, interspersed with wetlands and patches of scrubland.
3. The Banni Grassland supports a diverse range of flora and fauna, including the critically endangered Great Indian Bustard.
4. The local Maldhari community has traditionally practiced a sustainable form of pastoralism in the Banni Grassland for centuries.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) Only three
(d) All four
Answer: (d) All four
28. In which of the following states is Eaglenest Wildlife Sanctuary located?
(a) Assam
(b) Sikkim
(c) Arunachal Pradesh
(d) Manipur
Answer: (c) Arunachal Pradesh
29. Consider the following statements about the Financing Agrochemical Reduction and Management Programme (FARM):
1. It aims to combat the release of toxic persistent organic pollutants (POPs) into the environment caused by the use of harmful chemicals in farming.
2. It is led by the European Commission with financial support from the Global Environment Facility (GEF).
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
Answer: (a) 1 only
30. Consider the following statements about Great Indian Bustard:
1. The great Indian bustard is omnivorous.
2. It is listed as Critically Endangered in IUCN Red List.
3. Its population is confined mostly to Eastern Ghats.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz
31. Which of the following statements accurately describes nationally-determined contributions (NDCs)?
(a) NDCs are global targets set by the United Nations to combat climate change.
(b) NDCs are voluntary commitments made by countries to reduce greenhouse gas emissions and adapt to climate change impacts.
(c) NDCs are legally binding agreements that all countries must adhere to.
(d) NDCs are financial pledges made by developed countries to support developing nations in their climate action efforts.
Answer: (b) NDCs are voluntary commitments made by countries to reduce greenhouse gas emissions and adapt to climate change impacts.
32. Consider the following statements:
1. Asian elephant ears are smaller compared to the large fan-shaped ears of the African species.
2. Only some male Asian elephants have tusks, while both male and female African elephants grow tusks.
3. The African forest elephant is now listed as Critically Endangered, while the African savanna elephant is listed as Endangered.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (c) All three
33. Consider the following statements regarding Black Carbon.
1. Black carbon is a component of fine particulate matter, formed through the incomplete combustion of fossil fuels, biofuel, and biomass.
2. Black carbon increases the albedo when deposited on snow and ice.
3. In the tropics, black carbon in soils significantly contributes to soil fertility.
How many of the above statements is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: (b) Only two
34. In which of the following states is Eturnagaram Wildlife Sanctuary located?
(a) Karnataka
(b) Tamil Nadu
(c) Telangana
(d) Maharashtra
Answer: (b) Only two
35. Which of the following statements about asbestos is true?
(a) Asbestos is a synthetic material used primarily in the textile industry.
(b) Asbestos exposure has no known health risks and is considered safe.
(c) Asbestos is a set of six naturally occurring silicate minerals with fibrous crystals.
(d) Asbestos fibers are easily destroyed by sunlight and pose no long-term environmental hazards.
Answer: (c) Asbestos is a set of six naturally occurring silicate minerals with fibrous crystals.
36. What is true about PM2.5 particles?
(a) They are visible to the naked eye and can be easily filtered out of the air.
(b) They are larger than 10 micrometers in diameter and primarily come from dust and pollen.
(c) They are fine particulate matter less than 2.5 micrometers in diameter and can penetrate deep into the lungs.
(d) They are harmless particles that have no effect on human health or the environment.
Answer: (c) They are fine particulate matter less than 2.5 micrometers in diameter and can penetrate deep into the lungs.
37. Consider the following statements about Ranthambore National Park:
1. It is situated at the intersection of the Aravali and Vindhya hill ranges.
2. It is bounded by the Banas River to the north and the Chambal River to the south.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (c) Both 1 and 2
March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz #March 2024 Economy_ Ecology and Environment Quiz
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