06-02-2024 MCQs Test English

1. Consider the following statements with respect to Kaladan Multimodal Transit Transport Project (KMTTP).

1. The Kaladan project main objective was to address the geo­economic and geo­political challenges of northeast India.
2. India and Myanmar signed the framework agreement on the Kaladan project in the year 2008.
3. The Projectis a US$484 million project which connects the eastern Indian seaport of Kolkata with Sittwe seaport in Rakhine State, Myanmar by sea.
4. It is noted that the route is likely to unlock tremendous economic potential for the entire Bay of Bengal peninsula, allowing a bridge between South Asia and South East Asia regions.

How many above statements are correct?

2. Consider the following statements with respect to India and Myanmar border.

1. The India–Myanmar borderis the international border between India and Myanmar which is formerly known as Burma.
2. The border is 1,643 kilometres in length and it runs from the tripointwith China in the north to the tripoint with Bangladesh in the south.
3. Four Northeast Indian statesshare the border with Myanmar which are Arunachal Pradesh, Nagaland, Mizoram, and Manipur.

How many above statements are correct?

3. Consider the following statements with respect to Repo rate.

1. It refers to the rate at which commercial banks borrow money by selling their securities to the Central Bank of the country which is Reserve Bank of India (RBI).
2. The aim is to maintain liquidity in case of shortage of funds or due to some statutory measures.
3. It is also one of the main tools of the RBI to keep inflation under control in India.

How many above statements are incorrect?

4. Consider the following statements with respect to Monetary Policy Committee.

1. The meetings of the Monetary Policy Committee are held at least four times a year (specifically, at least once a quarter) and after the meeting it usually publishes its decisions.
2. The committee comprises six members comprising of three officials of the Reserve Bank of India and three external members nominated by the government of India.
3. Decisions in the MPC are taken by majority with the governor having the casting vote in case of a tie.
4. The current mandate of the Monetary Policy Committee is to maintain 4% annual inflation until 31 March 2026 with an upper tolerance of 6% and a lower tolerance of 2%.
5. The committee should answer to the government of India if the inflation exceeds the range prescribed for three consecutive quarters.

How many above statements are correct?

5. Consider the following statements with respect to Paletwa region in Myanmar.

1. A majority of Paletwa’s residents belong to the Chin ethnic community and they recognize their town as an integral part of their homeland.
2. Paletwa’s location on the western border makes it a very good launchpad for the Arakan Army to conduct its operations against the military.
3. Paletwa is a commercial town on the Kaladan River, and hence any armed group with a significant presence in the town would benefit from the economic activity in the region.

How many above statements are incorrect?