1. Sticky Inflation refers to?
a) a period of fast-rising inflation
b) period of spiking inflation plus slow economic growth and high unemployment
c) when prices drop significantly, due to too large a money supply or a slump in consumer spending
d) a situation where inflation rates remain relatively high or stable over time, despite changes in economic conditions or monetary policy
Answer. d) a situation where inflation rates remain relatively high or stable over time, despite changes in economic conditions or monetary policy
Hyperinflation: It is a period of fast-rising inflation.
Stagflation: It is a period of spiking inflation plus slow economic growth and high unemployment.
Deflation: It is when prices drop significantly, due to too large a money supply or a slump in consumer spending.
Sticky Inflation: a situation where inflation rates remain relatively high or stable over time, despite changes in economic conditions or monetary policy. India presently facing a sticky inflation situation.
2. The G7 summit ( 2024) was recently hosted by?
a) Japan
b) UK
c) France
d) Italy
Answer. d) Italy.
G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
3. “Biorock technology” is talked about in which one of the following situations? ( UPSC 2022)
a) Restoration of damaged coral reefs
b) Development of building materials using plant residues
c) Identification of areas for exploration/extraction of shale gas
d) Providing salt licks for wild animals in forests/protected areas
Answer. a) Restoration of damaged coral reefs.
The Zoological Survey of India (ZSI) used “Biorock technology” first time to restore coral reefs in the Gulf of Kachchh.
4. "Right to Privacy" is protected under which Article of the Constitution of India? ( UPSC 2021)
a) Article 15
b) Article 19
c) Article 21
d) Article 29
Answer. c) Article 21 provides the " Right to Privacy"
Article 15: Prohibits discrimination on the grounds of religion, race, caste, sex, place of birth, and gender or any of them.
Article 19: The Right to Freedom ( Speech, assemble, associations, residence, movement, and Profession)
Article 21: The protection of life and personal liberty
Article 29: Protects the interests of minorities
5. Which one of the following in Indian polity is an essential feature that indicates that it is federal in character? ( UPSC 2021)
a) The independence of the judiciary is safeguarded.
b) The Union Legislature has elected representatives from constituent units.
c) The Union Cabinet can have elected representatives from regional parties.
d) The Fundamental Rights are enforceable by Courts of Law.
Answer. a) The independence of the judiciary is safeguarded.
The prominent features of federation include:
- Division of powers[ Union and States]
- Bicameralism
- Independent Judiciary
- Written Constitution
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