QUIZ – 2017: Insights Current Affairs Quiz,05 July 2018

Solution: c.

Jalālābād, formerly Jalālkot, town, eastern Afghanistan, on the Kābul River, at an altitude of 1,940 ft (590 m). It lies on the route from Kābul, the Afghan capital (110 mi [177 km] north-northwest), via the Khyber Pass to Peshāwar, Pakistan, and handles much of Afghanistan’s trade with Pakistan and India.

The site of Jalālābād has been occupied since the 2nd century bc, and Akbar (1542–1605), regarded as the greatest Mughal ruler of India, started the modern town as early as the 1560s.

In the news (TH): The suicide attack in the eastern Afghan city of Jalalabad, which left at least 19 people dead, mostly from the minority Sikh and Hindu communities, is yet another warning from the Islamic State to the war-torn country’s dilapidated political and security apparatus.

Britannica;

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Solution: c.

Ideas of nationalism also developed through a movement to revive Indian folklore. In late-nineteenth-century India, nationalists began recording folk tales sung by bards and they toured villages to gather folk songs and legends. These tales, they believed, gave a true picture of traditional culture that had been corrupted and damaged by outside forces. It was essential to preserve this folk tradition  in order to discover one’s national identity and restore a sense of  pride in one’s past. In Bengal, Rabindranath Tagore himself  began collecting ballads, nursery rhymes and myths, and led the movement for folk revival.

In the news (TH): “As an academic working on Rabindranath Tagore, I have participated in events remembering him: a commemoration of Tagore’s 150th birth anniversary in 2011 and the 100th anniversary, in 2013, of his winning the Nobel Prize. There have been lectures and conferences linked to these not only in India but across the world resulting in a number of important publications. The only poet who Tagore translated into English (apart from himself) is Kabir.”

The Sense of Collective Belonging, Nationalism in India, India and the Contemporary World, Class 10 NCERT;

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Solution: b.

More than 30,000 people belonging to the Bru community, who fled from Mizoram to Tripura in 1997 in the wake of inter-community violence, are set to be repatriated to Mizoram, the Union Home Ministry said.

TH;

Solution: a.

The Election Commission recently launched an Android-based mobile application named ‘cVigil’ for citizens to share proof of malpractices by political parties, their candidates and activists when the Model Code of Conduct is in place in the run-up to polls.

The app also facilitates sharing of geo-tagged photographic and video evidence without disclosing the sender’s identity. The uploaded information will be transmitted to the control room from where the field units or flying squads mapped on a Geographic Information System will be immediately alerted for further action.

In case the complainant does not opt for anonymity, the person will also get an action-taken report within about 100 minutes

TH;

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Solution: d.

If one wants to plan a trip to London, she needs to know how expensive British goods are relative to goods at home. The measure that captures this is the real exchange rate – the ratio of foreign to domestic prices, measured in the same currency. If the real exchange rate is equal to one, currencies are at purchasing power parity. This means that goods cost the same in two countries when measured in the same currency. For instance, if a pen costs $4 in the US and the nominal exchange rate is Rs 50 per US dollar, then with a real exchange rate of 1, it should cost Rs 200 (50 × 4) in India. If the real exchange rises above one, this means that goods abroad have become more expensive than goods at home. The real exchange rate is often taken as a measure of a country’s international competitiveness.

Since a country interacts with many countries, we may want to see the movement of the domestic currency relative to all other currencies in a single number rather than by looking at bilateral rates. That is, we would want an index for the exchange rate against other currencies, just as we use a price index to show how the prices of goods in general have changed. This is calculated as the Nominal Effective Exchange Rate (NEER) which is a multilateral rate representing the price of a representative basket of foreign currencies, each weighted by its importance to the domestic country in international trade (the average of export and import shares is taken as an indicator of this).

The Real Effective Exchange Rate (REER) is calculated as the weighted average of the real exchange rates of all its trade partners, the weights being the shares of the respective countries in its foreign trade. It is interpreted as the quantity of domestic goods required to purchase one unit of a given basket of foreign goods.

Improvisation: TH;

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