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1st, Dec 2021 Current Affairs Quiz

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Q1. RAISE 2020 summit, recently seen in news is related to

A. Sustainable Development

B. Renewable Energy

C. Artificial Intelligence

D. Energy Efficient Technology

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Q2. Which of the following are the member states of Shanghai Co-operation Organisation (SCO)

1) Kazakhstan

2) Kyrgyzstan

3) Uzbekistan

4) Turkmenistan

5) Russia

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Q3. Consider the following statements regarding Group of 7 (G7) countries

1) G7 is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

2) European Union is not represented within the G7

3) G7 countries represent more than 70% of the net global wealth.

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Q4. ‘Economic efficiency’ as used by economists and policymakers is related to which of the following:

1) Equal allocation of goods and services to all consumers and corporations.

2) Resource efficient production

3) UN Security Council can enforce ICJ rulings

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Q5. Stressed Assets is a powerful indicator of the health of the banking system. It includes

1) Non-performing Assets

2) Restructured Loans

3) Written off Assets

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Q6. Which of the following is disadvantageous to developing countries’ international trade

A. Protection to domestic industries from dumping

B. Establishing regional trading blocs

C. Export of primary articles and import of manufactured goods

D. Free trade with other developing nations

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Q7. Which of the following can be a form of economic “Protectionism” by India

1) Entry restrictions for foreign nationals

2) Preferential market access policies for domestic industries

3) Increasing custom duties on imported goods and services

D. None of the above

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Q8. Which of the following can lead to an increase and saving in forex reserves in India

1) Rise in investment by foreign portfolio investors in Indian stocks and foreign direct investments (FDIs).

2) Fall in crude oil prices

3) Fall in overseas remittances and foreign travels from India

4) Cut corporate tax rates in India

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Q9. FATF-style regional bodies (FSRBs) have been established covering which of the following regions:

1) Caribbean Basin

2) West Africa

3) Latin America

4) Middle East

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Q10. India Energy Modeling Forum, recently seen in news is the joint initiative of:

A. India and Japan

B. India and USA

C. India and Russia

D. India and Uzbekistan