Quiz 2021: Prelims Power Play 2 August 2021

1. Consider the following statements about ‘Base Effect’:

1. Base Effect refers to the impact of previous year’s inflation over the corresponding rise in price levels in the current year.
2. Any growth on top of a substantial negative growth in the previous year seems to be very high due to high base effect.

Select the correct answer from the code given below:

2. Which of the following can be the causes for inflation in Indian Economy?

1. Disruption in supply chain.
2. Depreciation of Rupee
3. Rising fuel prices.
4. FPIs (Foreign Portfolio Investors)

Select the correct answer from the code given below:

3. Minsky moment in economy is related to

4. With reference to Indian National Army, consider the following statements:

1. It was formed after the Quit India movement.
2. It had brigades named after Gandhi, Nehru, Maulana Azad and Sardar Patel.
3. The original idea of INA was conceived by Rash Behari Bose.

Which of the statements given above is/are correct? Select the correct answer.

5. The Global Climate Risk Index 2021 analyses to what extent countries and regions have been affected by impacts of weather-related loss events. Global Climate Risk Index is brought out by