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
International Covenant on Civil and Political Rights (ICCPR) does not cover which of these rights?
Correct
Solution: c)
The covenant commits its parties to respect the civil and political rights of individuals, including the right to life, freedom of religion, freedom of speech, freedom of assembly, electoral rights and rights to due process and a fair trial.
Incorrect
Solution: c)
The covenant commits its parties to respect the civil and political rights of individuals, including the right to life, freedom of religion, freedom of speech, freedom of assembly, electoral rights and rights to due process and a fair trial.
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Question 2 of 5
2. Question
Consider the following statements.
- Stagflation is an economic scenario where an economy faces high inflation and low growth and high unemployment at the same time.
- Phillips Curve is an economic concept stating that inflation and unemployment have a stable and inverse relationship.
Which of the above statements is/are correct?
Correct
Solution: c)
Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time.
The conventional view among economists is that there is an inverse relationship between economic growth and inflation. The idea was first proposed by New Zealand economist William Phillips, after whom the “Phillips Curve” is named, based on statistical studies of inflation and unemployment.
Incorrect
Solution: c)
Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time.
The conventional view among economists is that there is an inverse relationship between economic growth and inflation. The idea was first proposed by New Zealand economist William Phillips, after whom the “Phillips Curve” is named, based on statistical studies of inflation and unemployment.
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Question 3 of 5
3. Question
In 2003, India passed the FRBM Act to control
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Question 4 of 5
4. Question
Consider the following statements regarding Cryptocurrencies.
- Cryptocurrencies are ‘permissioned’ ledger system that need no intermediary.
- Transactions of Cryptocurrencies are recorded on a distributed database through a system that updates each transaction on every instance of the ledger held by all participants in the system.
Which of the above statements is/are correct?
Correct
Solution: b)
Our financial system relies on banks to record transactions—to keep track of how much money a person has and who she has transferred it to. It is a ‘permissioned’ ledger system in that only trusted intermediaries (registered banks under the supervision of the central bank) can make changes to the ledgers to certify that a given transaction has been completed.
Cryptocurrencies, on the other hand, are ‘permissionless’ systems that need no intermediary. Instead of a centralized ledger, transactions are recorded on a distributed database through a system that updates each transaction on every instance of the ledger held by all participants in the system.
Incorrect
Solution: b)
Our financial system relies on banks to record transactions—to keep track of how much money a person has and who she has transferred it to. It is a ‘permissioned’ ledger system in that only trusted intermediaries (registered banks under the supervision of the central bank) can make changes to the ledgers to certify that a given transaction has been completed.
Cryptocurrencies, on the other hand, are ‘permissionless’ systems that need no intermediary. Instead of a centralized ledger, transactions are recorded on a distributed database through a system that updates each transaction on every instance of the ledger held by all participants in the system.
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Question 5 of 5
5. Question
Which of the following is the primary objective of monetary policy in India?
Correct
Solution: a)
The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy with the primary objective of maintaining price stability while keeping in mind the objective of growth.
Incorrect
Solution: a)
The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy with the primary objective of maintaining price stability while keeping in mind the objective of growth.
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