1 UPSC EXAM ENGLISH QUIZ 11.12.2024 Daily Quiz 1 / 5 Q1. Consider the following statements: 1. After eight consecutive weeks of decline, India's foreign exchange reserves have started rising again, reaching a multi-month low. 2. Earlier, the reserves were declining since touching an all-time high of US$ 504.89 billion in September. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: After eight consecutive weeks of decline, India's foreign exchange reserves have started rising again, reaching a multi-month low. Earlier, the reserves were declining since touching an all-time high of US$ 704.89 billion in September. Key Developments in India’s Forex Reserves Forex Reserves Movement: The movement in forex reserves is intrinsically linked to India's merchandise trade deficit and service exports. Merchandise Trade Deficit: India has historically run a merchandise trade deficit, with imports (USD 683.55 billion in 2023-24) exceeding exports (USD 441.48 billion), resulting in a trade deficit of USD 242.07 billion in 2023-24. Services and Remittances: Software service exports increased from USD 60.96 billion in 2011-12 to USD 142.07 billion in 2023-24, boosted by global digitization post-COVID. Private remittances rose from USD 63.47 billion in 2011-12 to USD 106.63 billion in 2023-24. 2 / 5 Q2. Consider the following statements: 1. South Asian Association for Regional Cooperation (SAARC) celebrated its 30th Charter Day on December 8, 2024. 2. This day is celebrated every year to honor the establishment of SAARC. 3. Regional cooperation in South Asia was first discussed at the Asian Relations Conference (1947), the Baguio Conference (1950), and the Colombo Powers Conference (1954). Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: South Asian Association for Regional Cooperation (SAARC) celebrated its 40th Charter Day on December 8, 2024. This day is celebrated every year to honor the establishment of SAARC. South Asian Association for Regional Cooperation Regional cooperation in South Asia was first discussed at the Asian Relations Conference (1947), the Baguio Conference (1950), and the Colombo Powers Conference (1954). The SAARC concept took shape in 1980 when Bangladesh's President Ziaur Rahman proposed regional cooperation to promote peace and stability. SAARC was officially established on 8th December 1985, in Dhaka, Bangladesh, with 7 founding members: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Afghanistan joined as the 8th member in 2007. 3 / 5 Q3. Consider the following statements: 1. Revenue Secretary, Union Ministry of Finance, Sanjay Malhotra, has been appointed the 23th Governor of the Reserve Bank of India (RBI). 2. He will assume office on 11 December 2024 after the incumbent Governor, Shaktikanta Das, retires on 10 December 2024. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Revenue Secretary, Union Ministry of Finance, Sanjay Malhotra, has been appointed the 26th Governor of the Reserve Bank of India (RBI). He will assume office on 11 December 2024 after the incumbent Governor, Shaktikanta Das, retires on 10 December 2024. The Appointment Committee of the Union Cabinet approved Sanjay Malhotra's appointment as Governor of RBI on 9 December 2024. Prime Minister Narendra Modi chaired the meeting, which was attended by the Union Minister for Home Affairs and Minister of Cooperation Amit Shah. Term of Sanjay Malhotra as 26th RBI Governor Sanjay Malhotra has been appointed for three years, starting 11 December 2024. The central government can dismiss him before the completion of his tenure, or he can resign from his office. Under section 8 of the Reserve Bank of India Act 1934, the Central government appoints the Governor and four Deputy Governors of the RBI. According to the RBI Act 1934, the Governor or the Deputy Governor can be appointed for a maximum term of five years and is eligible for reappointment. 4 / 5 Q4. Consider the following statements: 1. Human Rights Day, observed annually on 10 December, highlights the importance of human rights as the basis of justice. 2. The theme for the year 2024: "Our Rights, Our Future, Right Now" highlights the relevance of human rights in shaping a peaceful and sustainable future. 3. : Human Rights Day was started in the year 1950 to commemorate the Universal Declaration of Human Rights, which was adopted by the United Nations on 10 December 1948. Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: Human Rights Day, observed annually on 10 December, highlights the importance of human rights as the basis of justice. The theme for the year 2024: "Our Rights, Our Future, Right Now" highlights the relevance of human rights in shaping a peaceful and sustainable future. Historical significance: Human Rights Day was started in the year 1950 to commemorate the Universal Declaration of Human Rights (UDHR), which was adopted by the United Nations on 10 December 1948. The United Nations Human Rights Council, established in the year 2006, focuses on promoting global human rights protection through its 47 member countries (including India). The secretariat of this council is the Office of the High Commissioner for Human Rights (OHCHR) which is located in Geneva, Switzerland. Inspiring Action: The day focuses on promoting equality and eliminating discrimination, calling for collective action to combat hate speech, fake news and human rights violations. Human Rights and India: The Indian Constitution ensures human rights through the Fundamental Rights (Part III) and the Directive Principles of State Policy (Part IV). The words justice, liberty, equality and fraternity included in the Preamble reflect the spirit of the UDHR. The National Human Rights Commission (NHRC) was formed in 1993 under the Protection of Human Rights Act (PHRA). It is responsible for overseeing human rights in India. 5 / 5 Q5. Consider the following statements: 1. Shaji N Karun, an eminent filmmaker, has been chosen for the J C Daniel Award for 2023. 2. This award recognises his lifetime contribution to Malayalam cinema. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Shaji N Karun, an eminent filmmaker, has been chosen for the J C Daniel Award for 2023. This award recognises his lifetime contribution to Malayalam cinema. The award is the highest honour in Malayalam cinema instituted by the state government. The award includes a cash prize of Rs 5 lakh, a citation and a statuette. T V Chandran, who is an earlier recipient of the award chaired the jury. The jury observed Shaji N Karun was selected for his contributions that made a mark for Malayalam at the national and international level. Your score is LinkedIn Facebook Twitter VKontakte Post navigation ALL EXAM QUIZ 11.12.2024 ALL EXAM QUIZ 12.12.2024
