Current Affairs Quiz 15 September 2023
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Current Affairs Quiz 15 September 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
If the RBI decides to adopt an expansionist monetary policy, which of the following would it do ?
1. Cut and optimize the Statutory Liquidity Ratio
2. Increase the Marginal Standing Facility Rate
3. Cut the Bank Rate and Repo RateSelect the correct answer using the code given below
CorrectAns;- c) 1 and 3
Explanation;-
• As the question asked what it do that decrease the SLR, Bank and Repo Rate so that bank will circulate more money and less reserve with them.
• If the question was what it not do during then answer was 2 only i.e. b , because MSF rate should be decreased.
• The Expansionary monetary policy is when a central bank uses its tools to stimulate the economy.
• That increases the money supply, lowers interest rates, and increases demand.
• It boosts economic growth, it lowers the value of the currency, thereby decreasing the exchange rate.
• The Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds.
• The current Repo rate is used by monetary authorities to control inflation, its present percentage now is 4%.
• The Reverse repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country, the current rate of reverse repo rate is 3.35%.
• The Marginal standing facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. Under MSF, banks can borrow funds up to one percentage of their net demand and time liabilities (NDTL), the current rate MSF percentage is 4.65%.IncorrectAns;- c) 1 and 3
Explanation;-
• As the question asked what it do that decrease the SLR, Bank and Repo Rate so that bank will circulate more money and less reserve with them.
• If the question was what it not do during then answer was 2 only i.e. b , because MSF rate should be decreased.
• The Expansionary monetary policy is when a central bank uses its tools to stimulate the economy.
• That increases the money supply, lowers interest rates, and increases demand.
• It boosts economic growth, it lowers the value of the currency, thereby decreasing the exchange rate.
• The Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds.
• The current Repo rate is used by monetary authorities to control inflation, its present percentage now is 4%.
• The Reverse repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country, the current rate of reverse repo rate is 3.35%.
• The Marginal standing facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. Under MSF, banks can borrow funds up to one percentage of their net demand and time liabilities (NDTL), the current rate MSF percentage is 4.65%. - Question 2 of 5
2. Question
The black cotton soil of India has been formed due to the weathering of
CorrectAns: (b)
IncorrectAns: (b)
- Question 3 of 5
3. Question
Wolbachia method is sometimes talked about with reference to which one of the following?
CorrectAns: (a)
IncorrectAns: (a)
- Question 4 of 5
4. Question
Consider the following Statements with respect to ‘The Commission for Air Quality Management in National Capital Region and Adjoining Areas’:
1. Adjoining areas refers to areas in the states of Haryana, Punjab, and Uttar Pradesh only.
2. The order of the commission will have over- riding effect on any order of the Central pollution control board or state-level statutory bodies.
3. All appeals against the Commission’s orders for air quality management will be heard by the National Green Tribunal.
Which of the statements given above is/are correct?CorrectAnswer: B
Statement 1 is incorrect. The Ordinance provides for constitution of a Commission for better co-ordination, research, identification, and resolution of problems related to air quality in the national capital region (NCR) and adjoining areas. Adjoining areas refers to areas in the states of Haryana, Punjab, Rajasthan, and Uttar Pradesh where any source of pollution may cause adverse impact on air quality in the NCR.
IncorrectAnswer: B
Statement 1 is incorrect. The Ordinance provides for constitution of a Commission for better co-ordination, research, identification, and resolution of problems related to air quality in the national capital region (NCR) and adjoining areas. Adjoining areas refers to areas in the states of Haryana, Punjab, Rajasthan, and Uttar Pradesh where any source of pollution may cause adverse impact on air quality in the NCR.
- Question 5 of 5
5. Question
For outstanding contribution to which one of the following fields is Shanti Swarup Bhatnagar Prize given?
CorrectAnswer: C
IncorrectAnswer: C
