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Daily Current Affairs Questions: 13 August 2020

Question 1.  Consider the following statements about ‘Reserve Tranche’-

  1. It is not the part of Forex Reserve of India.
  2. The difference between a member country’s quota and the IMF’s holdings of its currency is a country’s Reserve Tranche position.

Which of the sentences given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None of the above

Question 2.Sometimes ‘Moscow Format’ is in news. This is related to-

(a) Russia led group to solve the Syria Crisis

(b) Russia led group to solve the Afghanistan Crisis

(c) Russia’s Mission to completely annex Crimea

(d) Russia-China joint initiative to counter U.S.

 

Question 3.Recently, RBI has shifted its gear from ‘Neutral’ to ‘Calibrated Tightening’. Consider the following statements about the Neutral Rate of Interest (NRI) –

  1. It is the rate at which growth is close to its potential but inflation is high.
  2. It is the rate at which there is no recession and inflation is stable.

Which of the sentences given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) None of the above

 

Question 4.Consider the following statements about ‘Strategic Policy Group (SPG)-

  1. It forms the nucleus of the decision making apparatus of National Security Council.
  2. It is headed by Cabinet Secretary under the Prime Minister Office.
  3. RBI Governor, Defence Secretary & Finance Secretary are its members.

Which of the sentences given above is/are correct?

(a) 1 & 2

(b) 2 & 3

(c) 1 & 3

(d) 1, 2 & 3

 

Question 5.With reference to the Indian economy, the term ‘decoupling’ generally refers to a situation when

(a) fiscal consolidation takes place along with increased public investment.

(b) government expenditure increases despite decrease in revenue collection.

(c) Imports decreases despite increase in aggregate demand.

(d) the economy does not grow or slow down in sync with the global economy.

 

Click here to see answers and Explanation

 

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