QUIZ: Insights Current Affairs Quiz – 34

Consider the following statements:

Assertion (A): Wild fluctuations and alleged irregularities have remained untamed in the commodities markets

Reasons (R): The Forward Markets Commission was the regulator of commodities markets until recently

Select the correct answer using the codes given below:

Which among the following statements best describe the ‘New World Order’?

Consider the following statements about the Green Highways Policy which was recently launched:

1. 1% of the total project cost of all highways projects will be kept aside for the highway plantation and its maintenance
2. Its implementation can help bridge the gap between notified forest cover and National Forest Policy-envisaged forest cover
3. This policy will generate employment opportunities for people from rural areas

Which of the above statements is/are incorrect?

Consider the following statements:

Assertion (A): India has been relatively resilient in coping with the sluggish global demand (which owes a great extent to the weakness in the Eurozone)

Reason (R): There has been significant market diversification in India’s trade in recent years

Select the correct answer using the codes given below:

Which of the following reasons is/are incorrect and/or cannot be considered as valid with respect to having a trade bloc in South Asia, similar to the North Atlantic Free Trade Agreement (NAFTA)?

1. Levels of development among countries in the two regions are different
2. The USA, a democratic nation, is the anchor economy for NAFTA, but China, the anchor economy for South Asia, is a single-party state
3. Unlike NAFTA, which is a partnership only between Bermuda, Canada, Mexico, USA and Greenland, a similar trade partnership in South Asia would include a larger number of members

Select the correct answer using the codes given below:

Which among the following best describes ‘Accommodative Monetary Policy’?