DAILY CURRENT AFFAIRS QUIZ (UPSC)- 9 MAY 2024

Which of the following is an example of government intervention in a market economy?

Setting minimum wage laws

Allowing businesses to operate freely without regulations

Encouraging competition between companies

Consumers having complete control over prices

The invisible hand is a concept that describes the:

Negative consequences of government regulation

Unintended positive effects of self-interest in a market

Guaranteed success of all businesses in a free market

Need for strong social safety nets in a market economy

Chiṭmahals or Pasha enclaves is related to

India & Nepal

India & Bangladesh

India & China

India & Myanmar

Consider the following statements regarding the Cross-Border Interbank Payments System (CIPS):
1. The primary purpose of the Cross-Border Interbank Payments System (CIPS) is to facilitate money transfers between individuals.
2. It is a kind of Blockchain-based system
3.CIPS offers settlement, while SWIFT only provides messaging.
How many of the given statements are correct ?

Only one

Only two

All three

None

The terms CHIPS , TARGET 2 & SEPA are related to

RTGS system

Block Chain technology

Cyber threats

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DAILY CURRENT AFFAIRS QUIZ (UPSC)- 9 MAY 2024

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DAILY CURRENT AFFAIRS QUIZ (UPSC)- 9 MAY 2024