Question
Q17. Consider the following Pairs:
| Country | Reason for being in the news | |
| 1. | Argentina | Worst economic crisis |
| 2. | Sudan | War between the country’s regular army and paramilitary forces |
| 3. | Turkey | Rescinded its membership of NATO X |
How many of the pairs given above are correctly matched?
- Only one Pair
- Only two Pairs
- All three Pairs
- None of the Pairs
Answer: 2
Detailed Explanation
- Turkey has not Rescinded the Membership of NATO
- NATO has 32 Members- 30 From Europe and 2 From North America.
- Turkey is an Active member of NATO and was in News because it was blocking Finland & Sweden’s Entry into NATO.
- Hence Pair 3 is Incorrectly Matched.
- Argentina is Latin America’s third-largest economy, with a GDP of slightly over USD 600 billion.
- It is a member of the Mercosur trade pact, which also includes Brazil, Paraguay and Uruguay.
- Inflation has surged in recent years, moving well into triple-digit territory recently to among the highest rates in the world, sustained currency depreciation.
- This has harmed purchasing power, caused emigration—particularly of young professionals—spawned a rush to obtain U.S. dollars and forced the central bank to keep interest rates high.
- Argentina is no stranger to extreme economic conditions; it has suffered multiple debt defaults and bouts of hyperinflation in its relatively short history as an independent country and has often required IMF bailouts. The most recent default came in 2020—the third so far this century. In 2022, GDP per capita was still notably below its decade-ago level.
- In April 2023, Sudan was thrown into disarray when its army and a powerful paramilitary group began a vicious struggle for power.
- The war, which continues to this day, has claimed more than 15,000 lives. And in what the United Nations has called one of the world’s “largest displacement crises”, about nine million people have been forced to flee their homes.
- Hence, Pair 1 & 2 are correctly Matched.
