Question 1
Economy | Trade | Easy | The Hindu
SOURCE
Consider the following:
1. Both nations under the Comprehensive Economic Trade Agreement have opened 99% credit lines for each other.
2. Exporting goods to the UK will be cheaper.
Which of the statements above is or are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. None of the above
Solution & Detailed Explanation
Answer: (B) 2 only
Detailed Explanation
- Only the UK under the Comprehensive Economic Trade Agreement has opened 99% credit lines for India.
- Exporting goods to UK will be cheaper as the tariff rates have been cut down and also with respect to certain goods which have been completely manufactured in India can be exported at zero duty.
Question 2
International Relations | International Organisations | Medium | The Hindu
SOURCE
In light of UN’s resolution in 1948 (Palestine), Consider the following :
1. The resolution divided Palestine into two independent states.
2. Gaza and the West Bank were originally given to Israel.
Which of the statements above is or are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. None of the above
Solution & Detailed Explanation
Answer: (A) 1 only
Detailed Explanation
Question 3
Environment | Pollution | Medium | Indian Express
SOURCE
As per the requirements of CBAM, consider the following:
1. Importers of goods will have to report greenhouse gas emissions (GHG) embedded in their imports during a given quarter of a calendar year, without making any financial payments or adjustments.
2. Aluminium, Hydrogen and Electricity industry will be included under CBAM initially.
Which of the statements above is or are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. None of the above
Solution & Detailed Explanation
Answer: (C) Both 1 and 2
Detailed Explanation
Question 4
Geography | Climate | Medium | Indian Express
SOURCE
Consider the following:
1. El-Nino impacts the surface temperature of the Pacific Ocean.
2. El-Nino leads to high monsoon rainfall in India.
Which of the statements above is or are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. None of the above
Solution & Detailed Explanation
Answer: (A) 1 only
Detailed Explanation
Question 5
Economy | Trade | Medium | Indian Express
SOURCE
Consider the following:
1. 71% of the renewable energy capacity addition took place in Asia.
2. China is replicating the OPEC model in the energy sector.
Which of the statements above is or are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. None of the above
Solution & Detailed Explanation
Answer: (C) Both 1 and 2
Detailed Explanation
- 71% of the renewable energy capacity addition took place in Asia out of which more than 62% increase took place in China.
- China has attained monopoly in the renewable energy sector as the technologies required for renewable energy production are available at cheaper costs only in China. On the other hand, most of the nations are struggling in producing low-cost technologies with respect to renewables.
- China is replicating the OPEC model in the energy sector. As OPEC nations collaboratively drive the market for crude oil in the world, China is single handedly driving the market in the renewables sector.