Editorials Quiz 2021-22
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Introducing yet another ingenious course, InsightsIAS is excited to announce our new initiative QUED – Questions from Editorials. Considering the number of questions that appeared from Editorials in previous year UPSC Prelims Examinations, we feel it is wise for students to cover Editorials from Prelims point of view as well in order to achieve that extra edge. Although, we have covered important editorials separately in our Editorial Section as well as under Secure Initiative, MCQ practice can prove to be crucial for better performance and guaranteed result.
We strongly recommend you at add QUED along with Static Quiz ,Current Affairs Quiz and RTM for your Daily MCQ practice.
We will be posting 5 MCQs at 11am everyday from Monday to Saturday on http://www.insightsonindia.com. QUED will be available under QUIZ menu.
We hope students utilize this initiative to the best of advantage. 🙂
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Question 1 of 5
1. Question
Consider the following statements.
- RBI primarily factors in retail inflation while making its bi-monthly monetary policy.
- A broad-based domestic and global economic recovery can lead to rise in inflation.
Which of the above statements is/are correct?
Correct
Solution: c)
RBI primarily factors in retail inflation while making its bi-monthly monetary policy.
A broad-based domestic and global economic recovery should improve aggregate demand, posing an upside risk to inflation. On the other hand, favorable base effect, appreciating rupee and any risk of second or third wave of covid led slowdown, will be a tailwind for CPI inflation.
Incorrect
Solution: c)
RBI primarily factors in retail inflation while making its bi-monthly monetary policy.
A broad-based domestic and global economic recovery should improve aggregate demand, posing an upside risk to inflation. On the other hand, favorable base effect, appreciating rupee and any risk of second or third wave of covid led slowdown, will be a tailwind for CPI inflation.
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Question 2 of 5
2. Question
Which of the following country is not a member of Gulf Co-operation Council?
Correct
Solution: d)
Gulf Cooperation Council is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – except Iraq.
Incorrect
Solution: d)
Gulf Cooperation Council is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – except Iraq.
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Question 3 of 5
3. Question
Recently Reserve Bank of India’s Monetary Policy Committee decided to continue with its accommodative stance this fiscal. Accommodative monetary policy means
Correct
Solution: c)
An accommodative stance means a central bank will cut rates to inject money into the financial system whenever needed.
Incorrect
Solution: c)
An accommodative stance means a central bank will cut rates to inject money into the financial system whenever needed.
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Question 4 of 5
4. Question
Arab Spring was a series of anti-government protests, uprisings, and armed rebellions that spread across much of the Arab world in the early 2010s, started in
Correct
Solution: c)
The Arab Spring was a series of anti-government protests, uprisings, and armed rebellions that spread across much of the Arab world in the early 2010s. It began in response to oppressive regimes and a low standard of living, starting with protests in Tunisia.
Incorrect
Solution: c)
The Arab Spring was a series of anti-government protests, uprisings, and armed rebellions that spread across much of the Arab world in the early 2010s. It began in response to oppressive regimes and a low standard of living, starting with protests in Tunisia.
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Question 5 of 5
5. Question
Which of the following constitute failure to achieve the inflation target?
Correct
Solution: c)
The Central Government notified the following as factors that constitute failure to achieve the inflation target:(a) the average inflation is more than the upper tolerance level of the inflation target for any three consecutive quarters; or (b) the average inflation is less than the lower tolerance level for any three consecutive quarters.
Incorrect
Solution: c)
The Central Government notified the following as factors that constitute failure to achieve the inflation target:(a) the average inflation is more than the upper tolerance level of the inflation target for any three consecutive quarters; or (b) the average inflation is less than the lower tolerance level for any three consecutive quarters.
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