Seal the Deal Prelims

1. What was the focus of the Conference Of Parties28?

• 1. Measures for controlling GreenHouse gases

• 1. Green transition by reducing the usage of Fossil Fuels

• 1. Financing for Green Transition and enhance livelihood

• 1. Shift towards sustainability

What is UN’s main focus

• 1. Sustainability and climate change

• 1. Health and Nutrition

• Protecting Peace and Human Rights

• 1. Protection of Health and Welfare of children

Which of the following statement is NOT correct regarding the G20 Summit?

• 1. The G20 Summits are now attended by the Finance Ministers and Central Bank Governors of the member countries only

• 1. India never hosted any G20 summit before the year 2023

• Its main aim is to eliminate poverty from the world

• Its meetings are held annually

ASEAN was established by the five original member countries namely, ___

• 1. Indonesia, Malaysia, Philippines, Singapore, Thailand

• 1. India, Malaysia, Bhutan, Singapore, Thailand

• 1. India, Sri Lanka, Malaysia, Philippines, Thailand

• 1. India, Sri Lanka, Singapore, Thailand, Malaysia

India is NOT associated with

• 1. SAARC

• 1. ASEAN

• 1. BRICS

• 1. None of these

1. What is the cause of Decrease in the value of INR?

• 1. Decrease in Gold prices

• 1. Increased demand for US dollars

• 1. Decrease in imports and increase in exports

• 1. Increase in Deflation

1. Credit in Balance of Payments indicates

• 1. Earning of foreign exchange

• 1. When imports exceed exports

• 1. Drain in foreign currency reserves

• 1. Adverse balance of payments

Which monetary policy tool does RBI use to control inflationary pressure in the economy?

• 1. Buying Government securities from the open market

• 1. Increase the repo rate

• 1. Cutting Tax rates

• 1. Decreasing the % of Cash Reserve Ratio

1. Which of the following is a common argument in favor of free trade?

• 1. It promotes domestic industries and protects jobs.

• 1. It increases competition and can lead to more efficient resource allocation.

• 1. It allows governments to impose higher tariffs and trade barriers.

• 1. It reduces the flow of foreign investment.

Why did the RBI bring 100 tonnes of gold back to India recently?

• 1. To maintain a favorable balance in RBI’s Balance sheet

• 1. To increase the proportion of India’s gold stored within the country

• 1. To increase the value of INR

• 1. To boost exports of the country