UPSC Prelims Quiz | Current Affairs January 2021 Quiz-XXI
Current Affairs Quiz Jan. 2021-Part-XXI
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Important Quiz for UPSC IAS Exam:
The following Quiz is based on the Hindu, Indian Express, PIB, and other important news sources. Solving these questions will help retain both concepts and facts relevant to UPSC IAS Civil Services examination.
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कामयाबी के दरवाजे उन्हीं के लिए खुलते हैं जो
उन्हें खटखटाने की ताकत रखते हैंअरे मुस्किल नही कुछ भी दुनिया मे तु जरा हिम्मत तो कर
बदलेंगे ख्वाब हकिकत मे तु जरा कोशिश तो कर
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Question 1 of 5
1. Question
Q. Consider the following statements about ‘countercyclical fiscal policy’:
1. A counter-cyclical fiscal policy refers to a strategy by the government to counter boom or recession through fiscal measures.
2. It works against the ongoing boom or recession trend; thus, trying to stabilize the economy.Which of the statements given above is/are incorrect?
Correct
ans.d
A counter-cyclical fiscal policy refers to a strategy by the government to counter boom or recession through fiscal measures.
It works against the ongoing boom or recession trend; thus, trying to stabilize the economy. Understandably, countercyclical fiscal policy works in two different directions during these two phases.Incorrect
ans.d
A counter-cyclical fiscal policy refers to a strategy by the government to counter boom or recession through fiscal measures.
It works against the ongoing boom or recession trend; thus, trying to stabilize the economy. Understandably, countercyclical fiscal policy works in two different directions during these two phases. -
Question 2 of 5
2. Question
Q. Consider the following statements regarding ‘the Global Climate Risk Index’:
1.The Global Climate Risk Index was recently released by the Ministry of Environment, Forest and Climate Change.
2.The index analyses the impact of extreme climate events on the country and the economy.
3.India has been ranked at seventh position among the countries that are most effected by climate change in 2019.Which of the statements given above is/are correct?
Correct
ans.b
The Global Climate Risk Index (CRI)
The Global Climate Risk Index is annually published by the Germanwatch. The index analyses the impact of extreme climate events on the country and the economy. It analyses how countries have been affected by the impacts of weather-related loss events. The index is prepared on the basis of data from Munich Re’s NatCatSERVICE.Incorrect
ans.b
The Global Climate Risk Index (CRI)
The Global Climate Risk Index is annually published by the Germanwatch. The index analyses the impact of extreme climate events on the country and the economy. It analyses how countries have been affected by the impacts of weather-related loss events. The index is prepared on the basis of data from Munich Re’s NatCatSERVICE. -
Question 3 of 5
3. Question
Q. India’s economy is showing decisive signs of a ‘V-shaped’ recovery in 2021. What does ‘V-shaped’ recovery mean?
Correct
ans.c
In V-shaped recovery, the economy quickly recoups lost ground and gets back to the normal growth trend-line.The Z-shaped recovery is the most-optimistic scenario in which the economy quickly rises like a phoenix after a crash. It more than makes up for lost ground (think revenge-buying after the lockdowns are lifted) before settling back to the normal trend-line, thus forming a Z-shaped chart.
A U-shaped recovery is a scenario in which the economy, after falling, struggles and muddles around a low growth rate for some time, before rising gradually to usual levels.
A W-shaped recovery is a dangerous creature — growth falls and rises, but falls again before recovering yet again, thus forming a W-like chart.
The L-shaped recovery is the worst-case scenario, in which growth after falling, stagnates at low levels and does not recover for a long, long time.
Incorrect
ans.c
In V-shaped recovery, the economy quickly recoups lost ground and gets back to the normal growth trend-line.The Z-shaped recovery is the most-optimistic scenario in which the economy quickly rises like a phoenix after a crash. It more than makes up for lost ground (think revenge-buying after the lockdowns are lifted) before settling back to the normal trend-line, thus forming a Z-shaped chart.
A U-shaped recovery is a scenario in which the economy, after falling, struggles and muddles around a low growth rate for some time, before rising gradually to usual levels.
A W-shaped recovery is a dangerous creature — growth falls and rises, but falls again before recovering yet again, thus forming a W-like chart.
The L-shaped recovery is the worst-case scenario, in which growth after falling, stagnates at low levels and does not recover for a long, long time.
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Question 4 of 5
4. Question
Q. Recently “ShramShakti Portal” has been launched by the Government of India. This is related to-
Correct
About ShramShakti portal
- It would effectively help in the smooth formulation of state and national level programs for migrant workers.
- The tribal migration repository, ShramShakti would be able to successfully address the data gap and empower migrant workers who generally migrate in search of employment and income generation.
- The various data that will be recorded via Shram Shakti include demographic profile, livelihood options, skill mapping and migration pattern.
- It would also help the government in linking the migrant population with existing welfare schemes – under AtmaNirbhar Bharat; various data that will be recorded via ShramShakti include demographic profile, livelihood options, skill mapping and migration pattern.
- The cell would address multiple needs of migrants – legal support, skill development, job linkages, access to public services, health, insurance, financial inclusion
Incorrect
About ShramShakti portal
- It would effectively help in the smooth formulation of state and national level programs for migrant workers.
- The tribal migration repository, ShramShakti would be able to successfully address the data gap and empower migrant workers who generally migrate in search of employment and income generation.
- The various data that will be recorded via Shram Shakti include demographic profile, livelihood options, skill mapping, and migration pattern.
- It would also help the government in linking the migrant population with existing welfare schemes – under AtmaNirbhar Bharat; various data that will be recorded via ShramShakti include demographic profile, livelihood options, skill mapping, and migration pattern.
- The cell would address multiple needs of migrants – legal support, skill development, job linkages, access to public services, health, insurance, financial inclusion
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Question 5 of 5
5. Question
Q. Consider the following statements about Future Investment Initiative Forum:
1. The Future Investment Initiative (FII) is widely described as “Davos in the desert”.
2. It is organised by the World Economic Forum.Which of the statements given above is/are correct?
Correct
ans.a
The FIIF was announced in September 2017 by the Public Investment Fund, Saudi Arabia’s main sovereign wealth fund, in the context of the Saudi Vision 2030 Economic and Social Reform Programme. Hence, statement 2 is not correct.
The Future Investment Initiative (FII) is widely described as “Davos in the desert”. Hence, statement 1 is correct.
It is Saudi Arabia’s flagship investment conference.
The informal name derives from the World Economic Forum’s annual meeting that is held in Davos, Switzerland, where world leaders discuss agendas for pressing international issues.Incorrect
ans.a
The FIIF was announced in September 2017 by the Public Investment Fund, Saudi Arabia’s main sovereign wealth fund, in the context of the Saudi Vision 2030 Economic and Social Reform Programme. Hence, statement 2 is not correct.
The Future Investment Initiative (FII) is widely described as “Davos in the desert”. Hence, statement 1 is correct.
It is Saudi Arabia’s flagship investment conference.
The informal name derives from the World Economic Forum’s annual meeting that is held in Davos, Switzerland, where world leaders discuss agendas for pressing international issues.
Leaderboard: Current Affairs Quiz Jan. 2021-Part-XXI
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