WEEKLY EDITORIAL (10-14 DECEMBER 2018) Current account woes Q.8 Merchandise exports, which refer to sale of goods abroad, are _____ Proper structural reforms are needed to boost exports, reduce dependence on entries. imported oil… 1. Credit 2. Debit 3. Asset 4. Liability The latest trade figures published by the Reserve Bank of India confirm the Ans: 1 damage caused by high global oil prices in the last few months. Q.9 Invisible imports, are ____ entries in Balance of Trade. 1. Credit 2. Debit 3. Asset 4. Liability Ans: 2 Shock resignation Urjit Patel stepping down as RBI Governor is a major embarrassment for the government… The Reserve Bank of India Governor Urjit Patel has cited personal reasons for resigning with immediate effect, but anyone who has followed the events of the last couple of months will know it was anything but that. Q.10 Dr. Urjit R. Patel assumed charge as the 24th Governor of RBI effective ________ after serving as Deputy Governor since Jan 2013. 1. Aug 4, 2016 2. Sep 4, 2016 3. Oct 4, 2016 4. Dec 4, 2016 Ans: 2 Q.11 Who was the first Deputy Governor of Reserve Bank of India ? 1. Manilal B. Nanavati 2. Sikander Hyat Khan 3. Sir James B. Taylor 4. Both 1 & 2 5. Both 2 & 3 Ans: 5 Q.12 Urjit Patel was born in which of the following country ? 1. India 2. America 3. Kenya 4. Britain Q.1 India’s current account deficit (CAD) widened to ____ of GDP in the Ans: 2 July-September quarter, a four-year high. Urjit Patel was born in Nairobi on 28 Oct 1963 to Manjula and 1. 2.6% 2. 2.7% 3. 2.8% 4. 2.9% Ravindra Patel. His grandfather had migrated from Mahudha village in Ans: 4 Kheda district, Gujarat to Kenya in the 20th century. Q.2 The current account deficit stood at ____ in the previous quarter and a Q.13 The RBI also acted as Burma’s central bank until - benign 1.1% in the year-ago quarter. आरबीआई ने बर्मा (अब म्म車र्मर) के कᴂद्री् बℂक के 셂प र्ᴂ कमर् कक्म - 1. 2.1% 2. 2.2% 3. 2.3% 4. 2.4% 1. 1937 2. 1942 3. 1947 4. 1950 Ans: 4 5. 1971 Q.3 The Balance of Payment is also known as - Ans: 3 1. The Balance of National payments Q.14 The RBI served as the central bank for Pakistan until - 2. The Balance of Internal payments आरबीआई ने पमककतमन के कᴂद्री् बℂक के 셂प र्ᴂ कम्ा कक्म - 3. The Balance of International payments 1. 1944 2. 1945 3. 1946 4. 1947 4. The Balance of Global payments 5. 1948 Ans: 3 Ans: 5 Q.4 As per IMF, the Balance of payments is a statistical statement for a Burma (Myanmar) seceded from the Indian Union in 1937 but the given period showing :- Reserve Bank continued to act as the Central Bank for Burma till 1. Transactions in goods and services Japanese Occupation of Burma and later upto April, 1947. 2. Income between an economy and the rest of the world After the partition of India, the Reserve Bank served as the central 3. Changes in that country’s monetary gold & SDRs bank of Pakistan upto June 1948 when the State Bank of Pakistan 4. Difference between the monetary value of exports and imports commenced operations. Ans: 4 Q.15 Holding office for over 7 years, _______ is the longest-serving RBI Q.5 A negative balance in Balance of Trade in known as a - governor. 1. Trade Gap 2. Trade Deficit 7 समल से अकिक कम्ाकमल अवकि के समथ ________ सबसे ल車बे सर्् तक सेवमरत 3. Trade Corridor 4. Both 1 & 2 आरबीआई गवनार थे Ans: 4 1. C. D. Deshmukh / सी. डी. देशर्ुख Q.6 A positive balance in Balance of Trade in known as a - 2. Benegal Rama Rau / बेनेगल रमर्म रमऊ 1. Trade Profit 2. Trade Surplus 3. M. Narasimham / एर्. नरकसमहर् 3. Trade Balance 4. Both 1 & 2 4. Manmohan Singh / र्नर्ोहन कस車ह Ans: 2 5. Amitav Ghosh / अकर्तमव घोष Q.7 Which statement/s is/are true regards ‘Current Account’ ? - Ans: 2 1. It includes merchandise imports Q.16 Which RBI governor has the shortest term ? 2. It includes merchandise exports ककस आरबीआइ गवनार कम्ाकमल सबसे छोटम रहम ? 3. It includes only invisible exports and imports 1. C. D. Deshmukh / सी. डी. देशर्ुख 4. All of the above 2. R. N. Malhotra / आर एन र्쥍होत्रम Ans: 4 3. M. Narasimham / एर्. नरकसमहर् 4. Manmohan Singh / र्नर्ोहन कस車ह Anchored in human rights 5. Amitav Ghosh / अकर्तमव घोष Instead of surveillance technologies, help TB patients by providing Ans: 5 rights-based interventions… Q.17 How much was the tenure of Urjit Patel as RBI governor ? Decades of global neglect have resulted in tuberculosis (TB) becoming the आरबीआई गवनार के 셂प र्ᴂ उकजात पटेल कम कम्ाकमल ककतनम थम ? leading cause of adult deaths in most of the global south — it kills nearly 1. 2 years, 90 days 2. 2 years, 45 days two million people a year. 3. 2 years, 98 days 4. 2 years, 99 days Q.24 What is the full form of ‘DOTS’ ? 5. 2 years, 80 days 1. Direct Observed Treatment Strategy Ans: 3 2. Directly Observation Treatment Strategy Q.18 Who was the 3rd governor of RBI ? 3. Directly Observed Treatment System आरबीआई के तीसरे गवनार कौन थे ? 4. Directly Observed Treatment Strategy 1. C. D. Deshmukh / सी. डी. देशर्ुख Ans: 4 2. Benegal Rama Rau / बेनेगल रमर्म रमऊ Providing health for all 3. Osborne Smith / ओसबोना कर्थ Japan and India are exchanging ideas and expertise in many projects to 4. James Braid Taylor / जᴂस ब्रैड टेलर promote universal health coverage… 5. H. V. R. Iyengar / एच. वी. आर. आ्車गर Today, on Universal Health Coverage (UHC) Day, I wonder how many Ans: 1 readers are aware of what UHC is. According to the World Health Q.19 Which of the following Governors of RBI also served as the Finance Organisation, UHC means “ensuring that everyone, everywhere can Minister of India ? access essential quality health services without facing financial कनमनकलकखत र्ᴂ से ककस आरबीआई गवनार ने भमरत के कवत्त र्車त्री के 셂प र्ᴂ भी कम्ा hardship”. कक्म है ? Q.26 Universal Health Coverage Day celebrated on which date ? 1. John Mathai / जॉन र्थमई 1. December 04 2. December 08 2. Pranab Mukherjee / प्रणब र्ुखजी 3. December 12 4. December 11 3. Yashwant Sinha / ्शव車त कसꅍहम Ans: 3 4. Manmohan Singh / र्नर्ोहन कस車ह According to the World Health Organisation, UHC means “ensuring that 5. P. Chidambaram / पी. कचद車बरर् everyone, everywhere can access essential quality health services without Ans: 4 facing financial hardship”. Q.20 Which of the following is not a current deputy governor of RBI ? Q27. Dec 04 - Indian Navy Day कनमन र्ᴂ से कौन आरबीआई कम वतार्मन डुꥍटी गवनार नहीं है ? Q28. Dec 08 - Plastic Free Day 1. N. S. Vishwanathan / एन. एस. कवश्वनमथन Q29. Dec 11 - International Mountain Day 2. Viral V. Acharya / कवरल कव. आचम्ा Q.30 World Health Day celebrated on which date ? 3. B.P. Kanungo / बी. पी. कमनूनगो 1. 5 April 2. 10 April 3. 24 April 4. 7 April 4. S. S. Mundra / एस. एस. र्車ुद्रम Ans: 4 5. M. K. Jain / एर्. के . जैन Q31. 5 April - National Maritime Day Ans: 4 Q32. 10 April - World Homeopathy Day Q.21 Which RBI governor wrote the book - Fault Lines ? Q33. 24 April - National Panchayati Day ककस RBI गवनार ने फम쥍ट लमइꅍस नर्क ककतमब कलखी ? Q.34 WHO began when its Constitution came into force on 7 April _____ a date 1. Raghuram G. Rajan / रघुरमर् जी रमजन we now celebrate every year as World Health Day. 2. D. Subbarao / D. सु녍बमरमव 1. 1945 2. 1947 3. 1946 4. 1948 3. Y.V. Reddy / Y.V. रेड्डी Ans: 4 4. Bimal Jalan / कबर्ल जमलमन A self-goal for India 5. C. Rangarajan / सी. र車गरमजन There are substantive reasons for the questions being raised about the Ans: 1 new GDP back series… Q.22 Shaktikanta Das has become the 25th RBI Governor, and will serve a Without in any way impugning the integrity of the Central Statistics _____ term. Office (CSO), most knowledgeable people are asking: if most important शकिकम車त दमस आरबीआई के 25 वᴂ गवनार बनम्े ग्े हℂ, जोकक _____ की अवकि के indicators of the Indian economy were better in 2004-2014, how is the कल्े कमर् करᴂगे । GDP growth rate higher in estimates just released (7.4% per annum since 1. two-year 2. three-year 3. four-year 2014 and only 6.7% per annum in 2005-2014)? 4. five-year 5. None Q.35 The Central Statistics Office founded on which date ? Ans: 2 1. 2 May 1950 2. 2 May 1951 3. 2 May 1952 4. 2 May 1953 Ans: 2 TOLL FREE No : 1800-103-5225 (9 am to 6 pm .