Static Quiz 31 December 2022
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Static Quiz 31 December 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Consider the following statements about functions of Securities and Exchange Board
of India:
1. It regulates the business of the stock market and other securities market.
2. It prohibits insider trading in securities market.
3. It promotes awareness among investors and training of intermediaries about
safety of market.
Which of the statement given above are correct?CorrectAnswer: D
All the statements are correctIncorrectAnswer: D
All the statements are correct - Question 2 of 5
2. Question
Special Drawing Right (SDR) basket of IMF consists of
1. US dollar
2. Indian Rupee
3. Chinese renminbi
4. Japanese yen
5. British pound sterling
Select the correct answer using the code given below.CorrectAnswer: B
The value of the SDR is based on a basket of five major currencies—the US dollar, the euro, the
Chinese renminbi (RMB), the Japanese yen, and the British pound sterling. Hence, option (b) is
correct.IncorrectAnswer: B
The value of the SDR is based on a basket of five major currencies—the US dollar, the euro, the
Chinese renminbi (RMB), the Japanese yen, and the British pound sterling. Hence, option (b) is
correct. - Question 3 of 5
3. Question
Which of the following forms part of the non-debt receipts (NDR) of the Central
Government?
1. Receipts from spectrum auction
2. Proceeds from disinvestment in public sector enterprises
3. Recovery of loans given to foreign governments.
Select the correct answer using the code given below.CorrectAnswer: D
All the statements are correctIncorrectAnswer: D
All the statements are correct - Question 4 of 5
4. Question
With reference to Special Drawing Rights (SDR), consider the following statements:
1. It is used as an international currency to facilitate smooth trade between nations.
2. Its value is determined by a basket of currencies which includes the Indian Rupee.
Which of the statements given above is/are correct?CorrectAnswer: D
Statement 1 is not correct: The SDR serves as the unit of account of the IMF and some other
international organizations. The SDR is neither a currency nor a claim on the IMF. Rather, it is a
potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these
currencies.Statement 2 is not correct: SDR basket currencies are shown below. It does not include the Indian
Rupee.IncorrectAnswer: D
Statement 1 is not correct: The SDR serves as the unit of account of the IMF and some other
international organizations. The SDR is neither a currency nor a claim on the IMF. Rather, it is a
potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these
currencies.Statement 2 is not correct: SDR basket currencies are shown below. It does not include the Indian
Rupee. - Question 5 of 5
5. Question
The term ‘special purpose vehicle’, often seen in the news, is in the context of:
CorrectAnswer: A
IncorrectAnswer: A
