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Question 1 of 5
1. Question
1 pointsConsider the following statements.
1. Stagflation is an economic concept stating that inflation and unemployment have a stable and inverse relationship.
2. Phillips Curve is an economic scenario where an economy faces high inflation and low growth and high unemployment at the same time.
Which of the above statements is/are incorrect?Correct
Both of the above are incorrect.
Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time.
The Phillips curve states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa.Incorrect
Both of the above are incorrect.
Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time.
The Phillips curve states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa. -
Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Dark fibre.
1. Dark fibre is unused fibre-optic cable available for purchase from network service providers.
2. Because no information is passed through dark fibre, it is inactive.
Which of the above statements is/are correct?Correct
Both the statements are correct.
The Securities Appellate Tribunal (SAT) has overturned the Securities and Exchange Board of India’s (Sebi) fine on the National Stock Exchange (NSE) in the dark-fibre case.
The investigation focused on potential violations of regulations and circulars related to fraudulent and unfair trade practices.
About Dark Fiber:
• Dark fibre, also known as unlit fibre, is unused fibre-optic cable and infrastructure. It’s available for purchase or rent from network service providers.
• Dark fibre is used for private networking, internet access, and internet infrastructure networking. It’s typically used for telecom and network communications.
• Dark fibre is different from “lit fibre” which refers to cables that are actively being used. Dark fibre is inactive because no information is passed through it, so no light pulse is transmitted.
https://timesofindia.indiatimes.com/business/india-business/sat-junks-sebis-rs-7-crore-fine-on-nse-in-dark-fibre-case/articleshow/106001747.cms?from=mdrIncorrect
Both the statements are correct.
The Securities Appellate Tribunal (SAT) has overturned the Securities and Exchange Board of India’s (Sebi) fine on the National Stock Exchange (NSE) in the dark-fibre case.
The investigation focused on potential violations of regulations and circulars related to fraudulent and unfair trade practices.
About Dark Fiber:
• Dark fibre, also known as unlit fibre, is unused fibre-optic cable and infrastructure. It’s available for purchase or rent from network service providers.
• Dark fibre is used for private networking, internet access, and internet infrastructure networking. It’s typically used for telecom and network communications.
• Dark fibre is different from “lit fibre” which refers to cables that are actively being used. Dark fibre is inactive because no information is passed through it, so no light pulse is transmitted.
https://timesofindia.indiatimes.com/business/india-business/sat-junks-sebis-rs-7-crore-fine-on-nse-in-dark-fibre-case/articleshow/106001747.cms?from=mdr -
Question 3 of 5
3. Question
1 pointsConsider the following statements.
1. When an economy goes through a phase of high inflation, there are chances that the unemployment rate will fall.
2. High inflation can lower the purchasing power of the consumer.
3. The RBI monetary policy has a direct impact on controlling “cost-push” inflation.
How many of the above statements is/are correct?Correct
Statements 1 and 2 are correct.
There is a trade-off between inflation and unemployment. Typically, when an economy goes through a phase of high inflation, chances are that the unemployment rate will fall. That’s because firms, enticed by higher prices, try to ramp up production by recruiting more people.
High inflation may be robbing people of their purchasing power.
It is also important to understand that monetary policy does not have a direct solution to controlling such “costpush” inflation. It cannot make fuel prices lower by raising interest rates. All it can do is to control demand in the economy.Incorrect
Statements 1 and 2 are correct.
There is a trade-off between inflation and unemployment. Typically, when an economy goes through a phase of high inflation, chances are that the unemployment rate will fall. That’s because firms, enticed by higher prices, try to ramp up production by recruiting more people.
High inflation may be robbing people of their purchasing power.
It is also important to understand that monetary policy does not have a direct solution to controlling such “costpush” inflation. It cannot make fuel prices lower by raising interest rates. All it can do is to control demand in the economy. -
Question 4 of 5
4. Question
1 pointsWhich of the following statements regarding Dare to Dream (D2D) scheme is/are correct?
1. The Dare to Dream (D2D) scheme provides a unique opportunity for start-ups, entrepreneurs, and individuals to enhance India’s defence and aerospace capabilities.
2. It is an initiative by the Defence Research and Development Organisation (DRDO).
3. It is initiated in memory of former President Pratibha Patil.
Select the correct answer using the codes given belowCorrect
Statements 1 and 2 are correct.
The Dare to Dream Contest, initiated in memory of former President Dr APJ Abdul Kalam, is an annual initiative by the Defence Research and Development Organisation (DRDO).
Launched in 2019, the contest provides a unique opportunity for start-ups, innovators, entrepreneurs, and individuals above 18 years old to address key challenges in emerging technologies, ultimately contributing to enhancing India’s defence and aerospace capabilities.Incorrect
Statements 1 and 2 are correct.
The Dare to Dream Contest, initiated in memory of former President Dr APJ Abdul Kalam, is an annual initiative by the Defence Research and Development Organisation (DRDO).
Launched in 2019, the contest provides a unique opportunity for start-ups, innovators, entrepreneurs, and individuals above 18 years old to address key challenges in emerging technologies, ultimately contributing to enhancing India’s defence and aerospace capabilities. -
Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Tax Inspectors Without Borders (TIWB) program.
1. It is a collaborative effort between World Bank and the Organisation for Economic Cooperation and Development (OECD).
2. It will facilitate the transfer of tax audit knowledge and skills to developing country tax administrations.
Which of the above statements is/are correct?Correct
Statement 1 is incorrect.
• Tax Inspectors Without Borders (TIWB) program, a collaborative effort between the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), was recently launched in Saint Lucia.
• India has been selected as the Partner Administrationand will contribute Tax Experts to the 12-18-month initiative. This marks the seventh TIWB program supported by India through the provision of Tax Experts.
• Aim: The program’s focus is on the effective use of automatic exchange of information under the Common Reporting Standard (CRS) framework. TIWB will facilitate the transfer of tax audit knowledge and skills to developing country tax administrations using a practical, “learning by doing” approach.
https://www.un.org/esa/ffd/ffd3/commitments/commitment/tax-inspectors-without-borders.htmlIncorrect
Statement 1 is incorrect.
• Tax Inspectors Without Borders (TIWB) program, a collaborative effort between the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), was recently launched in Saint Lucia.
• India has been selected as the Partner Administrationand will contribute Tax Experts to the 12-18-month initiative. This marks the seventh TIWB program supported by India through the provision of Tax Experts.
• Aim: The program’s focus is on the effective use of automatic exchange of information under the Common Reporting Standard (CRS) framework. TIWB will facilitate the transfer of tax audit knowledge and skills to developing country tax administrations using a practical, “learning by doing” approach.
https://www.un.org/esa/ffd/ffd3/commitments/commitment/tax-inspectors-without-borders.html
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