Current Affairs Quiz 26 October 2024
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Current Affairs Quiz 26 October 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
India agreed to the conditionalities of the World Bank and IMF and announced the New Economic Policy (NEP) 1991 to avert
CorrectSolution: a)
Justification: Foreign exchange reserves in the late 1980s declined to a level that was not adequate to finance imports for more than two weeks. There was also not sufficient foreign exchange to pay the interest that needs to be paid to international lenders. Therefore, a BoP crisis was looming to avert which India resorted to the help of WB and IMF.
Other objectives of the policy were to tackle high inflation, mismanagement of the economy, revive growth prospects etc. However, the most appropriate reason is to avert a BoP crisis.
The NEP aimed towards creating a more competitive environment in the economy and removing the barriers to entry and growth of firms. It can broadly be classified into two groups: the stabilization measures and the structural reform measures.IncorrectSolution: a)
Justification: Foreign exchange reserves in the late 1980s declined to a level that was not adequate to finance imports for more than two weeks. There was also not sufficient foreign exchange to pay the interest that needs to be paid to international lenders. Therefore, a BoP crisis was looming to avert which India resorted to the help of WB and IMF.
Other objectives of the policy were to tackle high inflation, mismanagement of the economy, revive growth prospects etc. However, the most appropriate reason is to avert a BoP crisis.
The NEP aimed towards creating a more competitive environment in the economy and removing the barriers to entry and growth of firms. It can broadly be classified into two groups: the stabilization measures and the structural reform measures. - Question 2 of 5
2. Question
“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?
CorrectAns: (b)
IncorrectAns: (b)
- Question 3 of 5
3. Question
Which statement accurately describes the relationship between vitamin C and scurvy?
CorrectCorrect Answer: B) Scurvy, a disease known since ancient times, is primarily caused by a significant deficiency of vitamin C, which humans cannot produce internally.
Explanation: Scurvy is a historical disease recognized for its severe impact on human health, characterized by symptoms such as anemia, bleeding, and exhaustion due to a profound deficiency of vitamin C. Humans are unable to synthesize vitamin C, making dietary intake essential. Vitamin C is critical for various bodily functions, including tissue repair, vascular and dental health, and as an antioxidant. The disease can be effectively treated and reversed with the administration of vitamin C supplements, confirming that the lack of this nutrient is the direct cause of scurvy, making option B the correct and most accurate description.
IncorrectCorrect Answer: B) Scurvy, a disease known since ancient times, is primarily caused by a significant deficiency of vitamin C, which humans cannot produce internally.
Explanation: Scurvy is a historical disease recognized for its severe impact on human health, characterized by symptoms such as anemia, bleeding, and exhaustion due to a profound deficiency of vitamin C. Humans are unable to synthesize vitamin C, making dietary intake essential. Vitamin C is critical for various bodily functions, including tissue repair, vascular and dental health, and as an antioxidant. The disease can be effectively treated and reversed with the administration of vitamin C supplements, confirming that the lack of this nutrient is the direct cause of scurvy, making option B the correct and most accurate description.
- Question 4 of 5
4. Question
Yavanas during the ancient period of Indian history were
CorrectAnswer: A
IncorrectAnswer: A
- Question 5 of 5
5. Question
Which of the following best describes the primary function of the Indian Council for Cultural Relations (ICCR)?
CorrectCorrect Answer: B) The ICCR is tasked with promoting Indian culture globally and facilitating cultural exchanges through its network of cultural centers.
Explanation: The Indian Council for Cultural Relations (ICCR), established by Maulana Abul Kalam Azad in 1950, is an autonomous organization under the Ministry of External Affairs of the Government of India. It is dedicated to the promotion of Indian culture worldwide, enhancing cultural relations and mutual understanding between India and other nations. ICCR achieves this through its extensive network of cultural centers and by facilitating cultural exchanges. Additionally, it administers numerous scholarships to international students, further promoting India’s educational and cultural offerings globally. This makes option B the correct description of ICCR’s primary functions.
IncorrectCorrect Answer: B) The ICCR is tasked with promoting Indian culture globally and facilitating cultural exchanges through its network of cultural centers.
Explanation: The Indian Council for Cultural Relations (ICCR), established by Maulana Abul Kalam Azad in 1950, is an autonomous organization under the Ministry of External Affairs of the Government of India. It is dedicated to the promotion of Indian culture worldwide, enhancing cultural relations and mutual understanding between India and other nations. ICCR achieves this through its extensive network of cultural centers and by facilitating cultural exchanges. Additionally, it administers numerous scholarships to international students, further promoting India’s educational and cultural offerings globally. This makes option B the correct description of ICCR’s primary functions.
