Daily Current Affairs Quiz for UPSC : 13 Feb 2025

Which of the following statements about the Net International Investment Position (NIIP) is/are correct?

NIIP is a measure of the difference between a country’s foreign assets and foreign liabilities.
A positive NIIP indicates that a country is a net borrower from the rest of the world.
A negative NIIP suggests that the country owes more to foreign entities than it owns in foreign assets.

2 only

1 & 3 only

3 only

All

Which of the following statements about the Tobin Tax is/are correct?

The Tobin Tax is a tax on international currency transactions to curb excessive speculation.

The tax was first proposed by Nobel laureate Robert Mundell.

The main goal of the Tobin Tax is to generate revenue for governments in developed countries

None

Which of the following statements about the Representation of the People Act, 1951 is/are correct?

The Act lays down the procedure for the conduct of elections in India.
The Act provides for the disqualification of candidates involved in corrupt practices.
The Act allows for the setting up of Election Commissions at the state level to conduct elections.

1 and 2 only

2 only

1 & 3 only

All

Which of the following statements about the European Free Trade Association (EFTA) is/are true?

1.The European Union (EU) has no trade agreements with EFTA countries.
2. EFTA countries participate in the European Economic Area (EEA) agreement.
3. Switzerland is a member of the European Union (EU).

3 only

2 only

1 & 3

All

Which of the following statements is/are correct regarding Green Domestic Product (GDP)?

1. Green GDP includes environmental degradation costs and natural resource depletion in the calculation of national income.
2. Green GDP replaces the traditional GDP as the primary measure of economic success.
3. Green GDP considers the benefits of preserving natural resources and environmental conservation in the national income calculations.

2 only

1 & 3 only

1 & 2 only

All

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Daily Current Affairs Quiz for UPSC : 13 Feb 2025

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Daily Current Affairs Quiz for UPSC : 13 Feb 2025

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Daily Current Affairs Quiz for UPSC : 13 Feb 2025