Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
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.
To view Solutions, follow these instructions:
-
Click on – ‘Start Quiz’ button
-
Solve Questions
-
Click on ‘Quiz Summary’ button
-
Click on ‘Finish Quiz’ button
-
Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
1 pointsConsider the following statements regarding Special Drawing Right (SDR).
- The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF.
- The value of the SDR is not set by IMF, rather it is directly determined by supply and demand in the market.
- It can be held and used by member countries, private entities or individuals.
Which of the above statements is/are correct?
Correct
Solution: b)
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.
The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi. It is not a currency, nor a claim on the IMF, but is potentially a claim on freely usable currencies of IMF members. The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF on the basis of market exchange rates between the currencies included in the SDR basket.
It can be held and used by member countries, the IMF, and certain designated official entities called “prescribed holders”—but it cannot be held, for example, by private entities or individuals. Its status as a reserve asset derives from the commitments of members to hold, accept, and honor obligations denominated in SDR.
Incorrect
Solution: b)
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.
The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi. It is not a currency, nor a claim on the IMF, but is potentially a claim on freely usable currencies of IMF members. The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF on the basis of market exchange rates between the currencies included in the SDR basket.
It can be held and used by member countries, the IMF, and certain designated official entities called “prescribed holders”—but it cannot be held, for example, by private entities or individuals. Its status as a reserve asset derives from the commitments of members to hold, accept, and honor obligations denominated in SDR.
-
Question 2 of 5
2. Question
1 pointsUnder stagflation, the economy faces
- Stagnant growth
- Rising inflation
- High employment
Select the correct answer code:
Correct
Solution: b)
Stagflation is the extreme economic situation, a peculiar combination of stagnant growth and rising inflation leading to high unemployment. Generally, rising inflation is a sign of a fast-growing economy as people have more money to spend higher amounts on the same quality of goods. Similarly, when the economic growth stalls, inflation is supposed to go down. And as a result of this stalled economic growth unemployment tends to go up.
Incorrect
Solution: b)
Stagflation is the extreme economic situation, a peculiar combination of stagnant growth and rising inflation leading to high unemployment. Generally, rising inflation is a sign of a fast-growing economy as people have more money to spend higher amounts on the same quality of goods. Similarly, when the economic growth stalls, inflation is supposed to go down. And as a result of this stalled economic growth unemployment tends to go up.
-
Question 3 of 5
3. Question
1 pointsNorth Korea and South Korea are sandwiched between
Correct
Solution: c)
Incorrect
Solution: c)
-
Question 4 of 5
4. Question
1 pointsThe countries bordering Russia are
- China
- Norway
- Sweden
- Kazakhstan
Select the correct answer code:
Correct
Solution: c)
Incorrect
Solution: c)
-
Question 5 of 5
5. Question
1 pointsWhich of the following are the reasons for involuntary financial exclusion?
- Lack of surplus income
- Remoteness of service provider
- High transaction costs
- Poor quality of services rendered
Select the correct answer code:
Correct
Solution: d)
Incorrect
Solution: d)
Join our Official Telegram Channel HERE for Motivation and Fast Updates
Subscribe to our YouTube Channel HERE to watch Motivational and New
Join our Twitter Channel HERE
Follow our Instagram Channel HERE
