1. Consider the following:
- India imports more goods and services than it exports.
- Demand for the foreign currency is less than the demand for the Indian rupee.
- During a current account deficit (CAD), the Indian rupee will depreciate.
Which of the above statements is / are implied by a deficit on the current account (CAD) with respect to India?
[A] Only 1 and 2
[B] Only 2 and 3
[C] Only 1 and 3
[D] 1, 2 and 3
Show Answer
Correct Answer: C [Only 1 and 3]
Notes:
A current account deficit (CAD) arises when a nation imports more goods and services than it exports, increasing demand for foreign currency relative to the rupee, typically causing depreciation of the rupee. Statement 2 is incorrect because demand for foreign currency rises, not falls, during a CAD. Thus, only statements 1 and 3 are correct.
2. Which of the following organizations has released the report that showed that YouTube’s creator ecosystem contributed Rs 6,800 crore to the Indian GDP in 2020?
[A] World Bank
[B] The International Association of Social Media Professionals
[C] The Action Network
[D] Oxford Economics
Show Answer
Correct Answer: D [Oxford Economics]
Notes:- The Creator Economy basically refers to all the players that operate in and around the value that is created by creators. This includes social media, blogs, and video content – by creating original content or repurposing it.
- YouTube unveiled a new report by Oxford Economics, an independent consulting firm, that showed that YouTube’s creator ecosystem contributed Rs 6,800 crore to the Indian GDP in 2020. YouTube also supported 6,83,900 full-time equivalent jobs in India in the same year, as per the report.
3. Which of the following historical personalities was/were associated with the American Revolution?
- Nathanael Greene
- Henry Knox
- Marquis de Lafayette
- George Washington
Choose the correct answer using the codes given below:
[A] Only 1, 2 & 3
[B] Only 2, 3 & 4
[C] Only 1, 3 & 4
[D] 1, 2, 3 & 4
Show Answer
Correct Answer: D [1, 2, 3 & 4]
Notes:- Nathanael Greene’s rise to prominence as one of the most skilled and celebrated generals of the American Revolution. He was one of the most respected generals of the Revolutionary War (1775-83).
- Henry Knox was an American military officer who was a senior general of the Continental Army and later the United States Army. He was close to George Washington, who appointed him first United States Secretary of War from 1789 to 1794.
- Marquis de La Fayette was a French aristocrat and military officer who fought in the American Revolutionary War, commanding American troops in several battles, including the siege of Yorktown.
- George Washington was an American military officer, statesman, and Founding Father who served as the first president of the United States from 1789 to 1797.
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