[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 26 May 2022 – INSIGHTSIAS

Solution: a)

There is a trade-off between inflation and unemployment. Typically, when an economy goes through a phase of high inflation, chances are that the unemployment rate will fall. That’s because firms, enticed by higher prices, try to ramp up production by recruiting more people.

High inflation may be robbing people of their purchasing power.

It is also important to understand that monetary policy does not have a direct solution to controlling such “cost-push” inflation. It cannot make fuel prices lower by raising interest rates. All it can do is to control demand in the economy.

Source

Solution: d)

The four pillars are:

* trade that will include digital economy and emerging technology, labour commitments, the environment, trade facilitation, transparency and good regulatory practices, and corporate accountability, standards on cross-border data flows and data localisations;

* supply chain resiliency to develop “a first-of-its-kind supply chain agreement” that would anticipate and prevent disruptions;

* clean energy and decarbonisation that will include agreements on “high-ambition commitments” such as renewable energy targets, carbon removal purchasing commitments, energy efficiency standards, and new measures to combat methane emissions; and

* tax and anti-corruption, with commitments to enact and enforce “effective tax, anti-money laundering, anti-bribery schemes”

Source

Solution: a)

Phrase ‘anti-national’ has not been defined in statutes.

Constitution (Forty–Second Amendment) Act, 1976 inserted in the Constitution Article 31D (during Emergency) which defined “anti-national activity” and this Article 31D was, subsequently, omitted by the Constitution (Forty-third Amendment) Act, 1977.

‘Public Order’ and ‘Police’ were State subjects as per the Seventh Schedule of the Constitution and the “data about number of people arrested for indulging in anti-national activities is not maintained centrally.

The responsibility of maintaining law and order, including investigation, registration and prosecution of crimes, protection of life and property, rested primarily with the respective State government.

Solution: d)

Solution: b)

India measures 3,214 km (1,997 mi) from north to south and 2,933 km (1,822 mi) from east to west. It has a land frontier of 15,200 km (9,445 mi).

The total length of the coastline of the mainland, Lakshadweep Islands and Andaman and Nicobar Islands is 7,516.6 km.

Sri Lanka is separated from India by a narrow channel of sea formed by the Palk Strait and the Gulf of Mannar.