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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
Consider the following statements.
- All the G7 countries and India are part of G20 grouping.
- None of the BRICS countries are members of G7.
- The G7 does not have a formal constitution or a fixed headquarters.
Which of the above statements is/are correct?
Correct
Solution: d)
- The G7 countries are the UK, Canada, France, Germany, Italy, Japan and the US.
- All the G7 countries and India are a part of G20.
- The G7 does not have a formal constitution or a fixed headquarters.
- The decisions taken by leaders during annual summits are non-binding.
BRICS is the group composed of the five major emerging countries –Brazil, Russia, India, China and South Africa.
Incorrect
Solution: d)
- The G7 countries are the UK, Canada, France, Germany, Italy, Japan and the US.
- All the G7 countries and India are a part of G20.
- The G7 does not have a formal constitution or a fixed headquarters.
- The decisions taken by leaders during annual summits are non-binding.
BRICS is the group composed of the five major emerging countries –Brazil, Russia, India, China and South Africa.
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Question 2 of 5
2. Question
Consider the following statements.
- The Beijing Declarationled to the establishment of New Development Bank (NDB) by BRICS countries.
- BRICS Contingent Reserve Arrangement aims to provide short-term liquidity support to the members.
- BRICS Payments Task Force (BPTF) coordinates between the central banks of BRICS countries for an alternative to the SWIFT payment system.
Which of the above statements is/are correct?
Correct
Solution: b)
During the Sixth BRICS Summit in Fortaleza (Brazil) in 2014, the leaders signed the Agreement establishing the New Development Bank (NDB – Shanghai, China).
They also signed the BRICS Contingent Reserve Arrangement to provide short-term liquidity support to the members.
BRICS Payments Task Force (BPTF) for coordination between their central banks for an alternative to the SWIFT payment system.
Incorrect
Solution: b)
During the Sixth BRICS Summit in Fortaleza (Brazil) in 2014, the leaders signed the Agreement establishing the New Development Bank (NDB – Shanghai, China).
They also signed the BRICS Contingent Reserve Arrangement to provide short-term liquidity support to the members.
BRICS Payments Task Force (BPTF) for coordination between their central banks for an alternative to the SWIFT payment system.
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Question 3 of 5
3. Question
The “Sovereignty” of India means
- No external power can dictate the government of India.
- There is freedom of speech and expression for Indian citizens.
- Citizens cannot be discriminated against on any grounds.
Select the correct answer code:
Correct
Solution: b)
Sovereignty simply implies that India is a state that takes its own decisions ultimately guided by the people. No external agency dictates terms to India.
However, the notion of sovereignty does not seep into the framework of all democratic rights. For e.g. a sovereign state might very well discriminate between its citizens.
A sovereign state may very well restrict freedom of speech, as it is not an absolute right, even though it is vital to a democracy.
Incorrect
Solution: b)
Sovereignty simply implies that India is a state that takes its own decisions ultimately guided by the people. No external agency dictates terms to India.
However, the notion of sovereignty does not seep into the framework of all democratic rights. For e.g. a sovereign state might very well discriminate between its citizens.
A sovereign state may very well restrict freedom of speech, as it is not an absolute right, even though it is vital to a democracy.
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Question 4 of 5
4. Question
Consider the following statements regarding Imported Inflation.
- When the general price level rises in a country because of the rise in prices of imported commodities, it is termed as imported Inflation.
- The weakening of the domestic currency may lead to increase in the cost of imported items.
Which of the above statements is/are incorrect?
Correct
Solution: d)
When the general price level rises in a country due to the rise in prices of imported commodities, inflation is termed imported. Inflation may also rise due to depreciation of the domestic currency, which pushes up the landed rupee cost of imported items.
Incorrect
Solution: d)
When the general price level rises in a country due to the rise in prices of imported commodities, inflation is termed imported. Inflation may also rise due to depreciation of the domestic currency, which pushes up the landed rupee cost of imported items.
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Question 5 of 5
5. Question
Consider the following statements regarding Common but differentiated responsibilities (CBDR).
- Common but differentiated responsibilities (CBDR) is the foundational principle of United Nations Environment Programme (UNEP).
- It was the first international legal instrument to address climate change and address negative impacts to global environment.
- It establishes that all states are responsible for addressing global environmental destruction yet not equally responsible.
Which of the above statements is/are correct?
Correct
Solution: c)
Common but differentiated responsibilities (CBDR), principle of international environmental law establishing that all states are responsible for addressing global environmental destruction yet not equally responsible.
It was the first international legal instrument to address climate change and the most comprehensive international attempt to address negative impacts to global environment.
The foundational principle of the UN Framework Convention on Climate Change (UNFCCC), which is common but differentiated responsibilities (CBDR).
Incorrect
Solution: c)
Common but differentiated responsibilities (CBDR), principle of international environmental law establishing that all states are responsible for addressing global environmental destruction yet not equally responsible.
It was the first international legal instrument to address climate change and the most comprehensive international attempt to address negative impacts to global environment.
The foundational principle of the UN Framework Convention on Climate Change (UNFCCC), which is common but differentiated responsibilities (CBDR).
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