Prelims Power Play 25 August 2022

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This quiz contains 5 questions and each contains 1 points.

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1. Consider the following:

  1. Current Account Convertibility (CAC) is the freedom to convert local financial assets into foreign financial assets at market determined exchange rates.
  2. Capital account convertibility means when foreign exchange received for export of merchandise and services can be freely converted into Indian rupees and vice-versa in case of imports.

Which of the above is /are correct?

 
 
 
 

2. Consider the following statements regarding convertibility of rupee

  1. Currency convertibility refers to the freedom to convert the domestic currency into other internationally accepted currencies
  2. Indian rupee is fully convertible currency now.
  3. Tarapore Committee recommended against full convertibility of Indian rupee.

Which of the above statements is /are correct?

 
 
 
 

3. India is concerned about allowing full capital account convertibility because of which of the following concerns.

  1. It can lead to export of domestic savings
  2. It can lead to internationalization of capital markets
  3. It can lead to excessive appreciation/depreciation of their currency
  4. It can adversely impact the monetary and financial stability
  5. It can increasevulnerability to contagion effects

Which of the above statements is /are correct?

 
 
 
 

4. Consider the following statements:

  1. Constitution abolishes practice of untouchability and forbids its practice in any form.
  2. What constitutes untouchability is clearly defined in the constitution.
  3. Protection of Civil Rights Act, 1955 prescribes punishment for the enforcement of any disability arising from preaching and practice of untouchability.

Which of the statements given above is/are correct? Select the correct answer using the code below:

 
 
 
 

5. Arrange the following traditional folk Dance form with place ?

TRADITIONAL THEATRE          :        PLACE

A. Bhand Pather                     1) Karnataka

B. Nautanki                             2) Gujarat

C. Bhavai                                  3) Uttar Pradesh

D. Yakshagana                        4) Kashmir

Select the correct answer using the code below:

A  B  C  D