INSIGHTS CURRENT AFFAIRS QUIZ 2022
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The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.
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- Question 1 of 5
1. Question
1 pointsThe term ‘Unicorn Company’ often seen news means
CorrectSolution: b)
In business, a unicorn is a privately held startup company valued at over US$1 billion.
IncorrectSolution: b)
In business, a unicorn is a privately held startup company valued at over US$1 billion.
- Question 2 of 5
2. Question
1 pointsYeast, which is used to make bread, belongs to the group
CorrectSolution: d)
Yeasts are eukaryotic, single-celled microorganisms classified as members of the fungus kingdom.
IncorrectSolution: d)
Yeasts are eukaryotic, single-celled microorganisms classified as members of the fungus kingdom.
- Question 3 of 5
3. Question
1 pointsConsider the following statements:
- Sea of Japan separates Japan and China.
- Yellow sea separates China and Korean Peninsula.
Which of the above statements is/are incorrect?
CorrectSolution: a)
The Sea of Japan is a marginal sea between the Japanese archipelago, Sakhalin, the Korean Peninsula and Russia.
The Yellow Sea is a marginal sea of the Western Pacific Ocean located between mainland China and the Korean Peninsula.
IncorrectSolution: a)
The Sea of Japan is a marginal sea between the Japanese archipelago, Sakhalin, the Korean Peninsula and Russia.
The Yellow Sea is a marginal sea of the Western Pacific Ocean located between mainland China and the Korean Peninsula.
- Question 4 of 5
4. Question
1 pointsWhich of the following is/are the measures to control the inflation?
- Increasing the GST rates on commodities
- Increase in government stimulus packages
- Increasing the transfer payments
Select the correct answers code:
CorrectSolution: a)
Inflation is the increase in the prices of goods and services over time. Inflation is generally controlled by the Central Bank and/or the government. The main policy used is monetary policy – set by Central Banks.
Increasing in the GST rates on commodities reduce demand, leading to lower economic growth and lower inflation.
Transfer payments are the receipts which the residents of a country get for ‘free’, without having to provide any goods or services in return. Thus, increasing transfer payments increases spending capacity and lead to increase in demand. Thus, it further increases inflation.
Increase in government stimulus packages increases spending capacity and lead to increase in demand. Thus, it further increases inflation.
IncorrectSolution: a)
Inflation is the increase in the prices of goods and services over time. Inflation is generally controlled by the Central Bank and/or the government. The main policy used is monetary policy – set by Central Banks.
Increasing in the GST rates on commodities reduce demand, leading to lower economic growth and lower inflation.
Transfer payments are the receipts which the residents of a country get for ‘free’, without having to provide any goods or services in return. Thus, increasing transfer payments increases spending capacity and lead to increase in demand. Thus, it further increases inflation.
Increase in government stimulus packages increases spending capacity and lead to increase in demand. Thus, it further increases inflation.
- Question 5 of 5
5. Question
1 pointsThe headquarters of Ghadar Movement/party were at
CorrectSolution: c)
The Ghadar Party was headquartered at San Francisco, USA. It was founded in 1913 by Sohan Singh Bhakna.
IncorrectSolution: c)
The Ghadar Party was headquartered at San Francisco, USA. It was founded in 1913 by Sohan Singh Bhakna.
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