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22nd Oct, 2021 Current Affairs Quiz


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Q1. Consider the following statements

1) India's retail price inflation has fallen in the last 3 years.

2) Contraction in industrial activity and rising inflation can lead to stagflation in the economy.

Which of the following statements given above is/are incorrect

A. 1 only

B. 2 only

C. both

D. None


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Q2. Which of the following best describes ‘Bank Rate’

1. A. It is the rate at which banks lend to their best customers based on the previous balance sheet record

2. B. It is the rate at which central bank lends money to the commercial banks.

C. It is the rate at which bank penalizes the customers if they not paid interest regularly

D. None of the above


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Q3. Consider the following statements regarding Index of Eight Core Industries

1) The Eight Core Industries comprise 50 per cent of the weight of items included in the Index of Industrial Production (IIP).

2) Refinery Products has the maximum weight in Index of Eight Core Industries.

3) The growth of the Eight Core Industries has been declining steadily since 2015.

Which of the above statements is/are correct:

A. 1, 2

B. 2, 3

C. 2 only

D. 1, 2, 3


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Q4. According to Buddhist traditions, who among the following represents Manushi Buddhas or the past Buddhas

A. Dipankar

B. Rishabhanatha

C. Gautama

D. Maitreya


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Q5. Consider the following statements with reference to Dharwar System of rocks

1) These rocks belong to Pre-Cambrian Period

2) These are mainly igneous in origin

3) These are rich in iron and manganese ores

Which of the above statements is/are correct:

A. 1, 3

B. 2 Only

C. 2, 3

D. None


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Q6. Consider the following statements with respect to ‘Gas Hydrates’

1) Gas hydrates are crystalline form of propane and water

2) Gas hydrates exist in shallow sediments of outer continental margins

Which of the following statements given above is/are correct:

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2


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Q7. The Laffer Curve is the representation of

A. Relationship Between Inflation and Unemployment

B. Inequality of wealth distribution

C. Relationship between tax rates and the amount of tax revenue collected by governments.

D. Relationship between Economic growth and Environmental Degradation


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Q8. Which of the following is the essential objective of ‘Viability gap funding’

A. Funding of social sector projects like housing, sanitation by tapping international funds.

B. Investments made by the angel investors in budding companies

C. Financing of the projects having Public Private Partnership in the sectors of infrastructure.

D. Investment of government in overall development of the agricultural sector.


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Q9. Reserve Tranche is the economic term used in the context with:

A. World Bank

B. World Trade Organisation

C. Reserve Bank of India

D. International Monetary Fund


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Q10. The interest rate at which banks lend to favoured customers is known as:

A. Bank Rate

B. Special lending Rate

C. Reserved Rate

D. Prime rate