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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 pointsIn India, the period of steady population growth refers to the decades of
Correct
Solution: b)
The period from 1901-1921 is referred to as a period of stagnant or stationary phase of growth of India’s population.
The decades 1921-1951 are referred to as the period of steady population growth. An overall improvement in health and sanitation throughout the country brought down the mortality rate.
The decades 1951-1981 are referred to as the period of population explosion in India, which was caused by a rapid fall in the mortality rate but a high fertility rate of population in the country.
Incorrect
Solution: b)
The period from 1901-1921 is referred to as a period of stagnant or stationary phase of growth of India’s population.
The decades 1921-1951 are referred to as the period of steady population growth. An overall improvement in health and sanitation throughout the country brought down the mortality rate.
The decades 1951-1981 are referred to as the period of population explosion in India, which was caused by a rapid fall in the mortality rate but a high fertility rate of population in the country.
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Question 2 of 5
2. Question
1 pointsWhich of the following is/are part of Disposable personal income?
- Net interest households’ payment
- Income Tax Payments
- Non-tax Payments such as fines
Select the correct answer code:
Correct
Solution: d)
Disposable income refers to the money that can be used for personal tasks and saved as your savings. At the same time, disposable income is usually lower than nominal. This is explained by the need to deduct mandatory payments and taxes from the total amount.
DPI = PI (personal income) – personal tax (income tax) – non tax payment (fine)
Incorrect
Solution: d)
Disposable income refers to the money that can be used for personal tasks and saved as your savings. At the same time, disposable income is usually lower than nominal. This is explained by the need to deduct mandatory payments and taxes from the total amount.
DPI = PI (personal income) – personal tax (income tax) – non tax payment (fine)
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Question 3 of 5
3. Question
1 pointsConsider the following statements.
- Strait of Malacca is between the Malay Peninsula and Socotra island.
- Strait of Hormuz connects Persian Gulf and the Gulf of Oman.
Which of the above statements is/are incorrect?
Correct
Solution: a)
The Strait of Malacca or Straits of Malacca is a narrow stretch of water, between the Malay Peninsula and the Indonesian island of Sumatra. As the main shipping channel between the Indian Ocean and the Pacific Ocean, it is one of the most important shipping lanes in the world.
The Strait of Hormuz is a strait between the Persian Gulf and the Gulf of Oman.
Incorrect
Solution: a)
The Strait of Malacca or Straits of Malacca is a narrow stretch of water, between the Malay Peninsula and the Indonesian island of Sumatra. As the main shipping channel between the Indian Ocean and the Pacific Ocean, it is one of the most important shipping lanes in the world.
The Strait of Hormuz is a strait between the Persian Gulf and the Gulf of Oman.
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Question 4 of 5
4. Question
1 pointsConsider the following statements.
- Monitoring the trade deficit is crucial as this has a direct bearing on the current account deficit (CAD).
- Foreign direct investment helps bridge the current account deficit (CAD).
- The wider the current account deficit (CAD), the lower the downward pressure on the rupee.
Which of the above statements is/are correct?
Correct
Solution: b)
Monitoring the trade deficit is crucial as this has a direct bearing on the current account deficit (CAD). Disconcertingly, foreign direct investment, which typically helps bridge the CAD, has seen a moderation. And, the wider the CAD, the greater the downward pressure on the rupee, which has already weakened considerably since the conflict in eastern Europe began in February. A weaker rupee, in turn, makes imports costlier, potentially widening the trade deficit, and thus triggering a vicious cycle.
Incorrect
Solution: b)
Monitoring the trade deficit is crucial as this has a direct bearing on the current account deficit (CAD). Disconcertingly, foreign direct investment, which typically helps bridge the CAD, has seen a moderation. And, the wider the CAD, the greater the downward pressure on the rupee, which has already weakened considerably since the conflict in eastern Europe began in February. A weaker rupee, in turn, makes imports costlier, potentially widening the trade deficit, and thus triggering a vicious cycle.
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Asian Infrastructure Investment Bank (AIIB).
- Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.
- All the G-20 nations are members of AIIB.
- China is the largest shareholder in the bank followed by Russia.
Which of the above statements is/are correct?
Correct
Solution: a)
Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.
The Parties (57 founding members) to agreement comprise the Membership of the Bank.
- It is headquartered in Beijing.
- It commenced operations in January 2016.
Aim:
By investing in sustainable infrastructure and other productive sectors today, it aims to connect people, services and markets that over time will impact the lives of billions and build a better future.
Membership:
- There are more than 100 members now.
- Not all G-20 nations are the members of AIIB.
Voting Rights:
- China is the largest shareholder with 26.61 % voting shares in the bank followed by India (7.6%), Russia (6.01%) and Germany (4.2 %).
The regional members hold 75% of the total voting power in the Bank.
Incorrect
Solution: a)
Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.
The Parties (57 founding members) to agreement comprise the Membership of the Bank.
- It is headquartered in Beijing.
- It commenced operations in January 2016.
Aim:
By investing in sustainable infrastructure and other productive sectors today, it aims to connect people, services and markets that over time will impact the lives of billions and build a better future.
Membership:
- There are more than 100 members now.
- Not all G-20 nations are the members of AIIB.
Voting Rights:
- China is the largest shareholder with 26.61 % voting shares in the bank followed by India (7.6%), Russia (6.01%) and Germany (4.2 %).
The regional members hold 75% of the total voting power in the Bank.
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