[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 27 April 2022

Solution: b)

In business, a unicorn is a privately held startup company valued at over US$1 billion.

Solution: d)

Yeasts are eukaryotic, single-celled microorganisms classified as members of the fungus kingdom.

Solution: 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.

Solution: 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.

Solution: c)

The Ghadar Party was headquartered at San Francisco, USA. It was founded in 1913 by Sohan Singh Bhakna.