Quiz 2021: Prelims Power Play 7 April 2021

1. Consider the following statements about Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER):

1. REER is the weighted average of bilateral nominal exchange rates of the home currency in terms of foreign currencies
2. NEER is weighted average of REER adjusted by the ratio of domestic price to foreign prices.

Which of the above statements are true?

2. Who publishes Food Waste Index Report?

3. World Economic Outlook is a report by

4. The P5+1 refers to the UN Security Council’s five permanent members plus

5. ‘Madad-i-Mash’ indicates in Mughal administration-