Daily UPSC Prelims Current Affairs – August 08, 2022 [Mock Test]

1. Which of the following countries are member countries of the recently launched Indo-Pacific Economic Framework (IPEF)?

  1. Fiji
  2. Malaysia
  3. India
  4. Vietnam

Select the correct answer using the codes given below:

[A] Only 3
[B] Only 2 & 3
[C] Only 2, 3 & 4
[D] 1, 2, 3 & 4

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2. Consider the following statements regarding Indo-Pacific Economic Framework (IPEF) and Regional Comprehensive Economic Partnership (RCEP):

  1. Both RCEP and IPEF are free trade agreements.
  2. IPEF will not pursue tariff liberalisation.
  3. Advance labour and environment standards are not part of the RCEP.

Which of the above statements is / are correct?

[A] Only 2
[B] Only 1 and 3
[C] Only 2 and 3
[D] Only 3

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3. With respect to the Oxfam report, consider the following statements:

  1. Covid pandemic has created a new billionaire every 30 hours.
  2. It called for a one-off “solidarity tax”.
  3. It called for an annual wealth tax on millionaires of two percent, and five percent for billionaires.

Which of the statements given above are correct?

[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 1 & 3
[D] 1, 2 & 3

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