Current Affairs Quiz 23 June 2022
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Current Affairs Quiz 23 June 2022
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- Question 1 of 5
1. Question
Which among the following countries are members of G7?
1) Italy
2) Japan
3) France
4) Australia
Which of the above statements is/are correct?CorrectThe G7 is an informal grouping of seven of the world’s advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union.
IncorrectThe G7 is an informal grouping of seven of the world’s advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union.
- Question 2 of 5
2. Question
Which among the following steps can be taken to contain inflation?
1) Decrease in Repo rate
2) Increase fixed term Deposit rates
3) Increase in Cash Reserve Ratio
Select the correct answer using the code given below:CorrectWhat is the Impact of Higher Inflation in India?
Repo Rate:
o It is expected to push up interest rates in the banking system. Equated Monthly Installments (EMIs) on home, vehicle and other personal and corporate loans are likely to go up.
o Deposit rates, mainly fixed term rates, are also set to rise.
o Consumption and demand can be impacted by the Repo rate hike.
CRR:
o The hike in CRR will suck out Rs 87,000 crore from the banking system. The lendable resources of banks will come down accordingly.
o It also means the cost of funds will go up and banks’ net interest margins could get adversely impacted.
o Net interest margin (NIM) is a measure of the difference between the interest income earned by a bank or other financial institution and the interest it pays out to its lenders (for example, depositors), relative to the amount of their assets that earn interest.IncorrectWhat is the Impact of Higher Inflation in India?
Repo Rate:
o It is expected to push up interest rates in the banking system. Equated Monthly Installments (EMIs) on home, vehicle and other personal and corporate loans are likely to go up.
o Deposit rates, mainly fixed term rates, are also set to rise.
o Consumption and demand can be impacted by the Repo rate hike.
CRR:
o The hike in CRR will suck out Rs 87,000 crore from the banking system. The lendable resources of banks will come down accordingly.
o It also means the cost of funds will go up and banks’ net interest margins could get adversely impacted.
o Net interest margin (NIM) is a measure of the difference between the interest income earned by a bank or other financial institution and the interest it pays out to its lenders (for example, depositors), relative to the amount of their assets that earn interest. - Question 3 of 5
3. Question
The terms ‘Truncatoflabellum crassum’ and ‘Truncatoflabellumaculeatum’ often seen in the news refers to?
CorrectThe Truncatoflabellum crassum and Truncatoflabellum aculeatum are corals.
Scientists have recorded four species of corals for the first time from Indian waters. These new species of azooxanthellate corals were found from the waters off the Andaman and Nicobar Islands.IncorrectThe Truncatoflabellum crassum and Truncatoflabellum aculeatum are corals.
Scientists have recorded four species of corals for the first time from Indian waters. These new species of azooxanthellate corals were found from the waters off the Andaman and Nicobar Islands. - Question 4 of 5
4. Question
The Keibul Lamjao National Park is located in?
CorrectThe Keibul Lamjao National Park is located in Manipur
IncorrectThe Keibul Lamjao National Park is located in Manipur
- Question 5 of 5
5. Question
An International Convention/protocol/declaration that deals with the protection of ‘cultural objects and places of worship’ is?
CorrectArticle 53 of Geneva Convention treaty promulgates:
“PROTECTION OF CULTURAL OBJECTS AND PLACES OF WORSHIP: Without prejudice to the provisions of the ‘Hague Convention for the Protection of Cultural Property in the Event of Armed Conflict of 14 May 1954’ and other relevant international instruments, it is prohibited:
• To commit any act of hostility directed against the historic monuments, works of art or places of worship which constitute the cultural or spiritual heritage of people;
• To use such objects in support of the military effort;
• To make such objects the object of reprisal.IncorrectArticle 53 of Geneva Convention treaty promulgates:
“PROTECTION OF CULTURAL OBJECTS AND PLACES OF WORSHIP: Without prejudice to the provisions of the ‘Hague Convention for the Protection of Cultural Property in the Event of Armed Conflict of 14 May 1954’ and other relevant international instruments, it is prohibited:
• To commit any act of hostility directed against the historic monuments, works of art or places of worship which constitute the cultural or spiritual heritage of people;
• To use such objects in support of the military effort;
• To make such objects the object of reprisal.
