The 10 PM Daily Quiz – 19 may, 2016

Hi Friends,

Starting Monday, March 28, 2016 We are taking up a new initiatives for Prelims 2016 . We will be posting a 7-10 Questions Quiz based on 9 PM Brief, on a daily basis.

The purpose of these is to enable practise on a daily level for you to prepare Current Affairs for Civil Services Prelims Examination. This questions will be moderate level and it is expected of you solve these questions with decent overview of 9 PM Brief

Please type your answers in the comments below .

Note : Answers to the quiz will be posted one day later.

Q.1)Consider the following statements regarding countercyclical fiscal policy

1. It refers to reducing spending and raising taxes during a boom period.
2. It refers to  increasing spending and cutting taxes during a recession.

Select the correct answer using the codes given below:

a) 1 only
b) 2 only
c) Both are true
d) Neither is true

Q.2) Consider the following statements regarding Quantitative Easing

1. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.
2. It involve the printing of new banknotes.

Select the correct answer using the codes given below:

a) 1 only
b) 2 only
c) Both are true
d) Neither is true

Q.3) International Transport Forum(ITF), a think tank affiliated to which of the following?

a) Organisation for Economic Cooperation and Development (OECD)
b) World Bank
c) World Trade Organization
d) International Monetary Fund

Q.4) Consider the following statements regarding “helicopter drops”

1. It was first introduced by the Nobel Prize-winning economist Milton Friedman.
2. It entails the distribution of freshly printed money directly to the public, with a commitment from the central bank never to withdraw it.

Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true

Q.5) Consider the following difference between GDP and SPI:

1. SPI focuses on outcomes rather than inputs that are used in GDP.
2. SPI also reframes the fundamentals about development by taking into consideration not just GDP but also inclusive, sustainable growth that will lead to a significant improvement in people’s lives.

Select the correct difference using the codes given below:

a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Q.6) The Place where Buddha’s relics are kept is known as?

a) Stupa
b) Chaitya
c) Vihara
d) Pagoda

Q.7) Consider the statement regarding Gandhara school of art:

1. Gandhara School of Art is regarded as the early creator of Buddha in human form carved in stone, stucco, terracotta and bronze.
2. Its works were mostly enshrined in monasteries and “stupas” throughout the Gandhara region.
3. Gandhara is a triangular piece of land about 100 km (east to west) and 70 km (north to south), on the west of the Indus river, surrounded by mountains in the present-day Pakistan.

Select the correct statement using the codes given below:

a) 1 only
b) 2 only
c) 1 and 2 only
d) All of the above