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Question 1 of 5
1. Question
1 pointsWhich of the following statements regarding Imported Inflation is/are correct?
1. When the general price level rises in a country because of the rise in prices of imported commodities, inflation is termed as imported.
2. The weakening of the domestic currency may lead to imported inflation in the country.
Select the correct answer using the codes given belowCorrect
Both of the above statements are correct.
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
Both of the above statements are correct.
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. -
Question 2 of 5
2. Question
1 pointsThe Hutus and Tutsis, recently seen in news belong to which of the countries given below?
Correct
The majority Hutus and minority Tutsis have had a troubled relationship in Rwanda that goes back to the German and Belgian colonial period.
Incorrect
The majority Hutus and minority Tutsis have had a troubled relationship in Rwanda that goes back to the German and Belgian colonial period.
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Question 3 of 5
3. Question
1 pointsWhich of the following statements regarding National Automated Clearing House (NACH) is/are correct?
1. It is the centralized web-based inter-bank payment/transaction processing system by National Payments Corporation of India.
2. It allows regular direct debit from a borrower’s bank account towards his loan repayments.
Select the correct answer using the codes given belowCorrect
Both of the above statements are correct.
National Automated Clearing House (NACH) is the centralized web-based inter-bank payment/transaction processing system by the National Payments Corporation of India (NPCI). In simple words, NACH allows regular direct debit from a borrower’s bank account towards his loan repayments. This is directly credited to the lender’s bank account.Incorrect
Both of the above statements are correct.
National Automated Clearing House (NACH) is the centralized web-based inter-bank payment/transaction processing system by the National Payments Corporation of India (NPCI). In simple words, NACH allows regular direct debit from a borrower’s bank account towards his loan repayments. This is directly credited to the lender’s bank account. -
Question 4 of 5
4. Question
1 pointsWhich of the following statements given below is/are correct?
1. The Global Hunger Index (GHI) uses a combination of four indicators to measure hunger.
3. The GHI is calculated by the Food and Agriculture Organisation.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
The Global Hunger Index (GHI) is designed to comprehensively measure and track hunger globally and by country and region. Calculated each year by the International Food Policy Research Institute (IFPRI), the GHI highlights successes and failures in hunger reduction and provides insights into the drivers of hunger.
Indicators of GHI: Undernourishment, Child Wasting, Child Stunting and Child Mortality.Incorrect
Statement 1 is correct while statement 2 is incorrect.
The Global Hunger Index (GHI) is designed to comprehensively measure and track hunger globally and by country and region. Calculated each year by the International Food Policy Research Institute (IFPRI), the GHI highlights successes and failures in hunger reduction and provides insights into the drivers of hunger.
Indicators of GHI: Undernourishment, Child Wasting, Child Stunting and Child Mortality. -
Question 5 of 5
5. Question
1 pointsThe terms CAATSA and COMCASA seen in news are related to which of the following countries?
Correct
CAATSA is a US federal law that imposed sanctions on Iran, North Korea and Russia.
Whereas COMCASA stands for Communications Compatibility and Security Agreement and is one of the four foundational agreements that the U.S. signs with allies and close partners to facilitate interoperability between militaries and sale of high-end technology.Incorrect
CAATSA is a US federal law that imposed sanctions on Iran, North Korea and Russia.
Whereas COMCASA stands for Communications Compatibility and Security Agreement and is one of the four foundational agreements that the U.S. signs with allies and close partners to facilitate interoperability between militaries and sale of high-end technology.
Leaderboard: 3rd September 2022 | Prelims Daily with Previous Year Questions
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