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Question 1 of 5
1. Question
1 pointsWith reference to monetisation of debt mean, consider the following statements:
1. The central bank typically funds the government by buying Treasury bills.
2. It also involves printing of notes.Which of the statement given above is/are correct?
Correct
Explanation:
What monetisation of debt mean?
A common misconception is that it involves ‘printing notes’.
But that is not how central banks fund the government.
The central bank typically funds the government by buying Treasury bills.
As proponents of what is called Modern Monetary Theory point out, even that is not required.
The central bank could simply credit the Treasury’s account with itself through an electronic accounting entry.
What is base money? When the government spends the extra funds that have come into its account, there is an increase in ‘Base money’, that is, currency plus banks’ reserves.
So, yes, monetisation results in an expansion of money supply.
But that is not the same as printing currency notes.
But expansion of money supply leads to inflation, what about that?
It could be that the expansion is inflationary.
This objection has little substance in a situation where aggregate demand has fallen sharply and there is an increase in unemployment.
In such a situation, monetisation of the deficit is more likely to raise actual output closer to potential output without any great increase in inflation.Incorrect
Explanation:
What monetisation of debt mean?
A common misconception is that it involves ‘printing notes’.
But that is not how central banks fund the government.
The central bank typically funds the government by buying Treasury bills.
As proponents of what is called Modern Monetary Theory point out, even that is not required.
The central bank could simply credit the Treasury’s account with itself through an electronic accounting entry.
What is base money? When the government spends the extra funds that have come into its account, there is an increase in ‘Base money’, that is, currency plus banks’ reserves.
So, yes, monetisation results in an expansion of money supply.
But that is not the same as printing currency notes.
But expansion of money supply leads to inflation, what about that?
It could be that the expansion is inflationary.
This objection has little substance in a situation where aggregate demand has fallen sharply and there is an increase in unemployment.
In such a situation, monetisation of the deficit is more likely to raise actual output closer to potential output without any great increase in inflation. -
Question 2 of 5
2. Question
1 pointsThe Forex reserves of India consist of:
1.Foreign Currency Assets
2. Gold
3. Special Drawing Rights (SDRs)
4. Reserve Tranche PositionCorrect
Explanation:
What are Forex Reserves?
Reserve Bank of India Act and the Foreign Exchange Management Act, 1999 set the legal provisions for governing the foreign exchange reserves.
RBI accumulates foreign currency reserves by purchasing from authorized dealers in open market operations.
The Forex reserves of India consist of below four categories:
Foreign Currency Assets
Gold
Special Drawing Rights (SDRs)
Reserve Tranche PositionIncorrect
Explanation:
What are Forex Reserves?
Reserve Bank of India Act and the Foreign Exchange Management Act, 1999 set the legal provisions for governing the foreign exchange reserves.
RBI accumulates foreign currency reserves by purchasing from authorized dealers in open market operations.
The Forex reserves of India consist of below four categories:
Foreign Currency Assets
Gold
Special Drawing Rights (SDRs)
Reserve Tranche Position -
Question 3 of 5
3. Question
1 pointsWhich among the following countries surroundings Persian Gulf?
1. Iran
2. Iraq
3. Kuwait
4. Oman
5. Saudi Arabia
6. United Arab EmiratesSelect the correct answer using the code given below:
Correct
Explanation:
Let’s look at the importance of countries surrounding Persian Gulf
The United Nations defines this body of water as the Persian Gulf.
The lands around it are shared by eight countries: Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
All are the members of the UN.
There is a commonality of interest among them in being major producers of crude oil and natural gas.
And thereby contribute critically to the global economy and to their own prosperity.
This has added to their geopolitical significance.
At the same time, turbulence has often characterised their inter se political relations.Incorrect
Explanation:
Let’s look at the importance of countries surrounding Persian Gulf
The United Nations defines this body of water as the Persian Gulf.
The lands around it are shared by eight countries: Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
All are the members of the UN.
There is a commonality of interest among them in being major producers of crude oil and natural gas.
And thereby contribute critically to the global economy and to their own prosperity.
This has added to their geopolitical significance.
At the same time, turbulence has often characterised their inter se political relations. -
Question 4 of 5
4. Question
1 pointsConsider the following statement regarding Magnetocaloric Effect:
1. A phenomenon where application and removal of a magnetic field generates electricity.
2. Magnetocaloric Material used for the Cancer TreatmentWhich of the statements given above is/are correct?
Correct
Explanation:
Magnetocaloric effect (MCE) is a phenomenon where the application and removal of a magnetic field cause certain materials to get warmer and cooler, respectively.
This effect normally occurs near its Curie temperature where the application of the field makes the material to warm up and cools up when the field is removed.
Issue of hyperthermia in cancer treatment
Advancements in magnetic materials led to the development of magnetic hyperthermia to try to address the issues of side effects of cancer treatment like chemotherapy.
In magnetic hyperthermia, magnetic nanoparticles are subjected to alternating magnetic fields of few Gauss, which produce heat due to magnetic relaxation losses.
Usually, the temperature required to kill the tumour cells is between 40 and 45°C.
However, the drawback in magnetic hyperthermia is the lack of control of temperature, which may damage the healthy cells in the body and also have side effects like increased BP, hair losses etcIncorrect
Explanation:
Magnetocaloric effect (MCE) is a phenomenon where the application and removal of a magnetic field cause certain materials to get warmer and cooler, respectively.
This effect normally occurs near its Curie temperature where the application of the field makes the material to warm up and cools up when the field is removed.
Issue of hyperthermia in cancer treatment
Advancements in magnetic materials led to the development of magnetic hyperthermia to try to address the issues of side effects of cancer treatment like chemotherapy.
In magnetic hyperthermia, magnetic nanoparticles are subjected to alternating magnetic fields of few Gauss, which produce heat due to magnetic relaxation losses.
Usually, the temperature required to kill the tumour cells is between 40 and 45°C.
However, the drawback in magnetic hyperthermia is the lack of control of temperature, which may damage the healthy cells in the body and also have side effects like increased BP, hair losses etc -
Question 5 of 5
5. Question
1 pointsConsider the following statements:
1. No criminal proceedings shall be instituted against the Governor of a State in any court during his term of office.
2. The emoluments and allowances of the Governor of a State shall not be diminished during his term of office.
Which of the statements given above is/are correct?Correct
Explanation: The Governor is the head of a state just like the President is the head of the republic. The Governor is the nominal head of a state, while the Chief Minister is the executive head. All executive actions of the state are taken in the name of the Governor. He/she is also entitled to certain benefits and allowances, which shall not be diminished during his office term of five years. Article 361 in The Constitution of India states that:
(2) No criminal proceedings whatsoever shall be instituted or continued against the President, or the Governor of a State, in any court during his term of office
(3) No process for the arrest or imprisonment of the President, or the Governor of a State, shall issue from any court during his term of office.Incorrect
Explanation: The Governor is the head of a state just like the President is the head of the republic. The Governor is the nominal head of a state, while the Chief Minister is the executive head. All executive actions of the state are taken in the name of the Governor. He/she is also entitled to certain benefits and allowances, which shall not be diminished during his office term of five years. Article 361 in The Constitution of India states that:
(2) No criminal proceedings whatsoever shall be instituted or continued against the President, or the Governor of a State, in any court during his term of office
(3) No process for the arrest or imprisonment of the President, or the Governor of a State, shall issue from any court during his term of office.
80%
Monetization of debt term that refers to the purchase of government bonds by the central bank to finance the spending needs of the government. Since the central bank creates fresh money to purchase these bonds in the open market, debt monetisation leads to an increase in total money supply.