UPSC PRELIMINARY MOCK TEST 30

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UPSC PRELIMINARY MOCK TEST 30

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Question 71 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following problems, that a country 'X' could face, could theoretically be dealt with by the use of a Negative Interest Rate Policy (NIRP) - an unconventional monetary policy tool?
  1. Currency Depreciation
  2. Flow of Hot Money into its economy
  3. A period of Deflation
Select the correct answer using the code given below:
A
1 Only
B
2 Only
C
Both 1 and 2
D
Neither 1 nor 2
English grammar Questions answers
Question 71 Explanation: 

NIRP : "During deflationary periods, people and businesses hoard money instead of spending and investing. The result is a collapse in aggregate demand which leads to prices falling even farther, a slowdown or halt in real production and output, and an increase in unemployment. A loose or expansionary monetary policy is usually employed to deal with such economic stagnation. However, if deflationary forces are strong enough, simply cutting the central bank's interest rate to zero may not be sufficient to stimulate borrowing and lending."

"The Swiss government ran a de facto negative interest rate regime in the early 1970s to counter its currency appreciation due to investors fleeing inflation in other parts of the world." A negative interest reduces the demand for that currency, thereby resulting in the currency to depreciate. So a NIRP actually helps deal with problems arising due to a strong currency.

http://www.investopedia.com/articles/investing/070915/how-negative-interest-rates-work.asp

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http://www.thehindu.com/opinion/editorial/are-negative-interest-rates-the-new-normal/article8490496.ece "

Question 72 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following was the largest site of the Indus Valley Civilization?
A
Lothal
B
Kalibangan
C
Dholaveera
D
Mohenjo Daro
Aptitude Questions answers
Question 72 Explanation: 
Mohenjo Daro
Question 73 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
According to Article 214 of the Indian Constitution,
A
The Parliament may by law establish a High Court for every State
B
A State Assembly may, by passing a resolution and subject to the assent of the President, constitute a High Court
C
There shall be a High Court for each State
D
Upon the passage of a resolution by a State Assembly shall the Parliament consider the creation of a separate High Court for the State
Find your subjects study note
Question 73 Explanation: 
  • Article 214 : There shall be a High Court for each State.
  • Article 231 : Notwithstanding anything contained in the preceding provisions of this Chapter, Parliament may by law establish a common High Court for two or more States or for two or more States and a Union territor

In the news : The Haryana Assembly unanimously passed a resolution, urging the Parliament to effect an appropriate amendment in the Punjab Reorganisation Act, 1966 to provide for the creation of a separate High Court for the State in Chandigarh. "

Question 74 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
World Economic Outlook is a report of
A
World Bank
B
International Monetary Fund
C
World Trade Organization
D
World Economic Forum
Civics Test Questions answers
Question 74 Explanation: 
The World Economic Outlook (WEO) is a report by the International Monetary Fund that analyzes key parts of the IMF's surveillance of economic developments and policies in its member countries. It also projects developments in the global financial markets and economic systems.
Question 75 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following statements are correct?
    (i) Ebola fever is a viral disease
    (ii) Fruit bat is the natural carrier of Ebola virus
    (iii) It is named after a river
A
(i) only
B
(i) and (ii) only
C
(ii) and (iii) only
D
All 3 are correctly matched
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Question 75 Explanation: 
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