[Mission 2024] Current Affairs Quiz , 10 July 2023

Solution: c)

Internationalisation of Rupee means the following:

1. When Indians import, they should be able to pay in rupees
2. When they export, they should accept payments in rupees
3. when they issue bonds globally, they should be able to repay in rupee regardless of the fact that they borrowed in foreign currency
4. All over the world individuals, companies and central banks should accumulate Indian rupee as a reserve currency because of its global demand.

Source

Solution: d)

Currently, the US dollar is said to enjoy an ‘Exorbitant Privilege’, which refers to the innumerable benefits that accrue to the US on account of all other countries of the world using the US dollar as their currency in most of their international transactions, among global currencies.

The dollar’s position is supported by a range of factors, including the size of the US economy, the reach of its trade and financial networks, the depth and liquidity of US financial markets, and a history of macroeconomic stability and currency convertibility. Dollar dominance has also benefited from the lack of viable alternatives.

Source

Solution: b)

Statement 3 is incorrect.

The term antibiotic resistance is a subset of antimicrobial resistance or AMR which is the ability of a microbe to resist the effects of medication.

Antimicrobial resistant-microbes occur naturally and are found in people, animals, food, and the environment (in water, soil and air).

They can spread between people and animals, including from food of animal origin, and from person to person.

Source

Solution: b)

Statement 3 is incorrect.

What is an election security deposit?

An election security deposit is an amount that is to be deposited with the Returning Officer when a candidate files their nomination. This is to be submitted either in cash, or a receipt must be enclosed with the nomination paper, showing that the said sum has been deposited on the candidate’s behalf in the Reserve Bank of India or in a Government Treasury.

The main purpose of this practice is to ensure that only genuinely intending candidates end up filing the nomination to be a part of the electoral process.

Is the amount same for all elections?

No, it depends on the particular election being conducted, and the Representation of the People Act of 1951 mentions different amounts depending on the level of election.

Solution: b)

December 8 is commemorated as SAARC Charter Day. It was on this day, 37 years ago, that the South Asian Association for Regional Cooperation (SAARC), an intergovernmental organisation, was established by Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka to promote economic growth in South Asia. Afghanistan acceded to SAARC later.

Bay of Bengal Initiative for Multi-Sectoral, Technical and Economic Cooperation (BIMSTEC), an intergovernmental organisation established in 1997. BIMSTEC comprises five South Asian nations (Bangladesh, Bhutan, Nepal, India and Sri Lanka) and two ASEAN countries (Myanmar and Thailand). Importantly, Pakistan is not a BIMSTEC member.