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
Faith for rights (F4R) movement, recently seen in news is associated with
Correct
Solution: b)
Faith for Rights, a UN-led movement which campaigns against incitement to national, racial or religious hatred, and exposes legislative patterns, judicial practices and government policies that undercut peaceful coexistence of different faiths.
Incorrect
Solution: b)
Faith for Rights, a UN-led movement which campaigns against incitement to national, racial or religious hatred, and exposes legislative patterns, judicial practices and government policies that undercut peaceful coexistence of different faiths.
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Question 2 of 5
2. Question
Internationalization of Rupee would mean
- Paying in rupees both for imports and exports
- Repaying in rupees for the bonds issued globally
- Accumulating Indian rupee as a reserve currency all over the world by the central banks
Which of the above statements is/are correct?
Correct
Solution: d)
Internationalisation of Rupee means the following:
- When Indians import, they should be able to pay in rupees
- When they export, they should accept payments in rupees
- when they issue bonds globally, they should be able to repay in rupee regardless of the fact that they borrowed in foreign currency
- All over the world individuals, companies and central banks should accumulate Indian rupee as a reserve currency because of its global demand.
Incorrect
Solution: d)
Internationalisation of Rupee means the following:
- When Indians import, they should be able to pay in rupees
- When they export, they should accept payments in rupees
- when they issue bonds globally, they should be able to repay in rupee regardless of the fact that they borrowed in foreign currency
- All over the world individuals, companies and central banks should accumulate Indian rupee as a reserve currency because of its global demand.
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Question 3 of 5
3. Question
This government department is mainly responsible for policy issues relating to Public Sector Banks (PSBs) and Financial Institutions. It also deals with matters relating to National Bank for Agriculture and Rural Development (NABARD). It is?
Correct
Solution: a)
The Department of Financial Services (DFS) oversees several key programs/initiatives and reforms of the Government concerning the Banking Sector, the Insurance Sector and the Pension Sector in India.
The Department provides policy support to the Public Sector banks (PSBs), Public Sector Insurance Companies (PSICs) and Development Financial Institutions (DFIs) like National Bank for Agriculture and Rural Development (NABARD).
Incorrect
Solution: a)
The Department of Financial Services (DFS) oversees several key programs/initiatives and reforms of the Government concerning the Banking Sector, the Insurance Sector and the Pension Sector in India.
The Department provides policy support to the Public Sector banks (PSBs), Public Sector Insurance Companies (PSICs) and Development Financial Institutions (DFIs) like National Bank for Agriculture and Rural Development (NABARD).
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Question 4 of 5
4. Question
Which of the following regions are associated with Line of Actual Control (LAC) dispute between India and China?
- Gogra heights
- Hot Springs
- Depsang Plains
- Pangong Tso lake
Select the correct answer code:
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Question 5 of 5
5. Question
Consider the following statements.
- Inflation erodes the value of currency.
- Inflation may lead to depreciation of the domestic currency.
Which of the above statements is/are correct?
Correct
Solution: c)
Inflation erodes the value of currency. For e.g. if inflation in India is 1000%, then the very next year the value of Rs. 5000 in year 2016 will be near Rs. 500 in year 2017. It also leads to depreciation in the exchange rate of the currency.
As a result, people lose confidence in the currency and holding it becomes a risky proposition.
So, people switch to other forms of wealth like Gold, Foreign Currency, i.e. “inflation proof” assets.
Statement 2: This is because exports become pricier (due to inflation) and less competitive. Exports decline. Also, since domestic goods are pricier, people obtain goods through imports (which may be cheaper). This widens the trade deficit, and causes a depreciation of the domestic currency.
Incorrect
Solution: c)
Inflation erodes the value of currency. For e.g. if inflation in India is 1000%, then the very next year the value of Rs. 5000 in year 2016 will be near Rs. 500 in year 2017. It also leads to depreciation in the exchange rate of the currency.
As a result, people lose confidence in the currency and holding it becomes a risky proposition.
So, people switch to other forms of wealth like Gold, Foreign Currency, i.e. “inflation proof” assets.
Statement 2: This is because exports become pricier (due to inflation) and less competitive. Exports decline. Also, since domestic goods are pricier, people obtain goods through imports (which may be cheaper). This widens the trade deficit, and causes a depreciation of the domestic currency.
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