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Q1Current Affairs·Economy and Reports in NewsPYQ 2025
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
1. It provides loans and guarantees to middle-income countries.
2. It works single-handedly to help developing countries to reduce poverty.
3. It was established to help Europe rebuild after the World War II.
Which of the statements given above are correct?
- A1 and 2 only
- B2 and 3 only
- C1 and 3 onlyCorrect
- D1, 2 and 3
Explanation
Correct. IBRD lends mainly to middle-income and creditworthy lower-income countries and was originally created in the Bretton Woods framework to support post-war European reconstruction.
Q2Current Affairs·Economy and Reports in NewsPYQ 2023
Consider the following:
1. Affordable housing
2. Mass rapid transport
3. Health care
4. Renewable energy
On how many of the above does UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focus for its investments?
- AOnly one
- BOnly two
- COnly threeCorrect
- DAll four
Explanation
Correct. UNOPS S3i focuses on affordable housing, renewable energy and health care infrastructure, but not mass rapid transport.
Q3Current Affairs·Economy and Reports in NewsPYQ 2020
With reference to chemical fertilizers in India, consider the following statements:
1. At present, the retail price of chemical fertilizers is market-driven and not administered by the Government.
2. Ammonia, which is an input of urea, is produced from natural gas.
3. Sulphur, which is a raw material for phosphoric acid fertilizer, is a by-product of oil refineries.
Which of the statements given above is/are correct?
- A1 only
- B2 and 3 onlyCorrect
- C2 only
- D1, 2 and 3
Explanation
Correct. Ammonia for urea production is derived from natural gas, and sulphur used in phosphoric acid manufacture is commonly recovered as a by-product from oil refineries.
Q4Current Affairs·Economy and Reports in NewsPYQ 2020
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of:
- ACrude oilCorrect
- BBullion
- CRare earth elements
- DUranium
Explanation
Correct. West Texas Intermediate (WTI) is a widely used benchmark grade of crude oil in global energy markets.
Q5Current Affairs·Economy and Reports in NewsPYQ 2019
The Global Competitiveness Report is published by the:
- AInternational Monetary Fund
- BUnited Nations Conference on Trade and Development
- CWorld Economic ForumCorrect
- DWorld Bank
Explanation
Correct. The Global Competitiveness Report is the World Economic Forum's long-running benchmarking report on national competitiveness.
Q6Current Affairs·Economy and Reports in NewsPYQ 2017
The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:
- ADeveloping solar power production in our countryCorrect
- BGranting licences to foreign T.V. channels in our country
- CExporting our food products to other countries
- DPermitting foreign educational institutions to set up their campuses in our country
Explanation
Correct. Domestic Content Requirement was prominent in debates over India's solar-energy procurement and WTO-related trade disputes on local manufacturing rules.
Q7Current Affairs·Economy and Reports in NewsPYQ 2017
Which of the following gives 'Global Gender Gap Index' ranking to the countries of the world?
- AWorld Economic ForumCorrect
- BUN Human Rights Council
- CUN Women
- DWorld Health Organization
Explanation
Correct. The Global Gender Gap Index is published annually by the World Economic Forum, measuring gender-based disparities across economic, political, education and health dimensions.
Q8Current Affairs·Economy and Reports in NewsPYQ 2016
India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?
- AOrganisation for Economic Cooperation and Development (OECD)
- BWorld Economic Forum
- CWorld BankCorrect
- DWorld Trade Organization (WTO)
Explanation
Correct. The Ease of Doing Business rankings were published by the World Bank until the report was discontinued in 2021.
Q9Current Affairs·Economy and Reports in NewsPYQ 2016
'Global Hunger Index' is prepared by the International Food Policy Research Institute. Consider the following that go into its computation:
1. Undernourishment
2. Child stunting
3. Child mortality
Select the correct answer using the code given below.
- A1 only
- B2 and 3 only
- C1, 2 and 3Correct
- D1 and 3 only
Explanation
Correct. The Global Hunger Index incorporates undernourishment, child stunting (along with child wasting) and under-five mortality to measure hunger levels.
Q10Current Affairs·Economy and Reports in NewsPYQ 2015
Which one of the following issues the 'Global Economic Prospects' report periodically?
- AThe Asian Development Bank
- BThe European Bank for Reconstruction and Development
- CThe US Federal Reserve Bank
- DThe World BankCorrect
Explanation
Correct. Global Economic Prospects is the World Bank's flagship publication on the international economic outlook, issued biannually.
Q11Current Affairs·Economy and Reports in News
Consider the following pairs:
Term in news — Meaning
1. Inverted yield curve — Short-term interest rates exceed long-term rates
2. Stagflation — High economic growth combined with high inflation
3. Fiscal cliff — Abrupt withdrawal of government fiscal stimulus measures
Which of the pairs given above is/are correctly matched?
- A1 only
- B1 and 3 onlyCorrect
- C2 and 3 only
- D1, 2 and 3
Explanation
Correct. An inverted yield curve means short-term rates exceed long-term rates, and a fiscal cliff refers to abrupt withdrawal of fiscal measures. Stagflation means stagnant growth with high inflation, not high growth.
Q12Current Affairs·Economy and Reports in News
Consider the following statements about the Multidimensional Poverty Index (MPI):
1. It is published jointly by UNDP and the Oxford Poverty and Human Development Initiative.
2. It measures deprivations across health, education and standard of living dimensions.
3. India's national MPI is released by NITI Aayog.
Which of the statements given above are correct?
- A1 and 2 only
- B2 and 3 only
- C1 and 3 only
- D1, 2 and 3Correct
Explanation
Correct. The global MPI is a UNDP-OPHI product measuring three dimensions, and India's national version is released by NITI Aayog.