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15th Nov, 2021 Current Affairs Quiz

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Q1. Which of the following are the factors considered behind the market determined exchange rates:

1) Net foreign currency inflows

2) Growth rate of the economy

3) Commodity dependence of the economy on global supplies

4) Forex reserves

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Q2. Core Inflation does not indicate a price rise in which of these commodities:

1) Consumer goods

2) Hydrocarbon fuel

3) Food products

4) IT products

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Q3. Which of the following statements about Monetary Policy Framework Agreement is correct

A. It is an agreement between Government and Reserve Bank of India (RBI) on the maximum tolerable inflation rate that RBI should target to achieve price stability.

B. It is an agreement between Government and Reserve Bank of India (RBI) on the minimum inflation rate that RBI should target to achieve growth.

C. It is an agreement between Banks and Reserve Bank of India (RBI) to ensure that the changes in the Interest rates are passed on to the customers

D. Both b and c

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Q4. The countries identified as megadiverse by Conservation International are:

1) India

2) China

3) Russia

4) South Africa

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Q5. The nationalisation of banks was a watershed moment in the history of Indian banking. It coincided with:

A. Founding of the Reserve Bank of India (RBI)

B. Announcement of the first Industrial Policy

C. Founding of NABARD

D. None of the above

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Q6. Edge computing enables data to be analysed, processed, and transferred at the edge of a network. Here ‘Edge’ implies:

A. Local

B. Global

C. Cloud computing

D. Nodal

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Q7. Consider the following statements regarding The Bay of Bengal Initiative for Multi- Sectoral Technical and Economic Cooperation (BIMSTEC):

1) It comprises of eight Member States lying in the littoral and adjacent areas of the Bay of Bengal.

2) It came into being through the Bangkok Declaration.

3) It is an implicit free trade agreement among the member nations.

Which of the above statements is/are incorrect:

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Q8. Generation AI (artificial intelligence) is the initiative of:

A. Global Artificial Intelligence network


C. International Telecommunication Union

D. World Bank Group

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Q9. Consider the following statements regarding Convention on the Rights of the Child:

1) It is a legally-binding international agreement setting out the civil, political, economic, social and cultural rights of every child.

2) Governments are required to meet children’s basic needs and help them reach their full potential

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Q10. Contributing to one world, one health: a strategic framework for reducing risks of infectious diseases at the animal–human–ecosystems interface, is a global initiative of:

A. Food and Agriculture Organization

B. World Health Organization

C. United Nations Environment Programme

D. All of the above