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``` 23 October 2023 Time limit: 0 Quiz-summary 0 of 5 questions completed Questions: 1 2 3 4 5 Information 23rd October current affairs quiz for prelims You have already completed the quiz before. Hence you can not start it again. Quiz is loading... You must sign in or sign up to start the quiz. You have to finish following quiz, to start this quiz: Results 0 of 5 questions answered correctly Your time: Time has elapsed You have reached 0 of 0 points, (0) Your result has been entered into leaderboard Loading Name: E-Mail: Captcha: 1 2 3 4 5 Answered Review Question 1 of 5 1. Question Which of the following phenomenons are correct regarding an earthquake event? 1.The deeper the earthquake, the more intense the shaking will be at the surface. 2.Larger magnitude earthquakes will produce more intense shaking. 3.The shaking during an earthquake will be more intense the closer you are to the epicenter. 4.The presence of peat soil in an area tends to lessen the intensity of earthquakes experienced in that location. Select the correct answer from the codes given below: 1 and 2 only 2,3 and 4 only 2 and 3 only 1,2 and 3 Correct Correct Answer: C Explanation – Statements 1 and 4 are incorrect. The deeper the earthquake, the less intense the shaking will be at the surface. This is because: Shallow earthquakes, those that occur within about 30 km of the surface, release most of their energy close to the surface. This can cause more intense shaking and more damage to buildings and infrastructure. Deep earthquakes, those that occur at depths greater than 30 km, release most of their energy at deeper levels. The energy is dissipated by the time it reaches the surface, resulting in weaker shaking and less damage. Incorrect Correct Answer: C Explanation – Statements 1 and 4 are incorrect. The deeper the earthquake, the less intense the shaking will be at the surface. This is because: Shallow earthquakes, those that occur within about 30 km of the surface, release most of their energy close to the surface. This can cause more intense shaking and more damage to buildings and infrastructure. Deep earthquakes, those that occur at depths greater than 30 km, release most of their energy at deeper levels. The energy is dissipated by the time it reaches the surface, resulting in weaker shaking and less damage. Question 2 of 5 2. Question Which of the following is/are the Effects of Inflation? 1. Usually lenders suffer and borrowers benefit out of inflation. 2. Holding money remains an intelligent economic decision during inflation. 3. With every inflation the currency of the country appreciates in a flexible currency regime. How many of the above statements is/are correct? Only one Only two All three None Correct Solution: a) Only one ( statement 1 is correct). Exp: Inflation redistributes wealth from creditors to debtors, i.e., lenders suffer and borrowers benefit out of inflation. The opposite effect takes place when inflation falls (i.e., deflation). With every inflation the currency of the economy depreciates (loses its exchange value in front of a foreign currency) provided it follows the flexible currency regime. Holding money does not remain an intelligent economic decision (because money loses value with every increase in inflation). Incorrect Solution: a) Only one ( statement 1 is correct). Exp: Inflation redistributes wealth from creditors to debtors, i.e., lenders suffer and borrowers benefit out of inflation. The opposite effect takes place when inflation falls (i.e., deflation). With every inflation the currency of the economy depreciates (loses its exchange value in front of a foreign currency) provided it follows the flexible currency regime. Holding money does not remain an intelligent economic decision (because money loses value with every increase in inflation). Question 3 of 5 3. Question Consider the following statements. 1. Deflation refers to a period when even though prices are rising it is happening at a slower rate each passing month 2. Disinflation is the exact opposite of inflation. 3. Reflation typically follows deflation as policymakers try to pump up economic activity either by government spending more and/or interest rates being reduced. How many of the above statements are correct? Only one Only two All three None Correct Solution: a) Only one (statement 3 is correct). Exp: Statement 1 is the definition of disinflation, not deflation. Disinflation refers to the trend when the inflation rate decelerates. Suppose it was 10% in April, 7% in May and 5% in June. This is disinflation. In other words, disinflation refers to a period when even though prices are rising (or inflation is happening), it is happening at a slower rate each passing month. Deflation is the exact opposite of inflation. Imagine if the general prices level in June was 5% lower than what it was in June last year. That’s deflation. Reflation typically follows deflation as policymakers try to pump up economic activity either by government spending more and/or interest rates being reduced. Incorrect Solution: a) Only one (statement 3 is correct). Exp: Statement 1 is the definition of disinflation, not deflation. Disinflation refers to the trend when the inflation rate decelerates. Suppose it was 10% in April, 7% in May and 5% in June. This is disinflation. In other words, disinflation refers to a period when even though prices are rising (or inflation is happening), it is happening at a slower rate each passing month. Deflation is the exact opposite of inflation. Imagine if the general prices level in June was 5% lower than what it was in June last year. That’s deflation. Reflation typically follows deflation as policymakers try to pump up economic activity either by government spending more and/or interest rates being reduced. Question 4 of 5 4. Question Consider the following statements. 1. Normally, when water freezes, it crystallizes and its molecules are arranged into hexagonal solid structure called ice. 2. Ice is denser than water. 3. Amorphous ice has long-range order in its molecular arrangement. How many of the above statements is/are correct? Only one Only two All three None Correct sol: b Exp: Normally, when water freezes, it crystallizes and its molecules are arranged into the familiar hexagonal, solid structure that we call ice. Ice is less dense than its liquid form — an unusual property for a crystal. Depending on conditions such as pressure and the speed of freezing, water can also solidify in any of two dozen other regular arrangements. Amorphous ice is different: it has no such order. Incorrect sol: b Exp: Normally, when water freezes, it crystallizes and its molecules are arranged into the familiar hexagonal, solid structure that we call ice. Ice is less dense than its liquid form — an unusual property for a crystal. Depending on conditions such as pressure and the speed of freezing, water can also solidify in any of two dozen other regular arrangements. Amorphous ice is different: it has no such order. Question 5 of 5 5. Question Consider the following statements regarding African Union (AU). 1. Less than half of the countries in Africa are part of African Union (AU). 2. Sirte Declaration called for the establishment of the African Union. 3. Recently African Union was admitted as a member to the G20. How many of the above statements s/are correct? Only one Only two All three None Correct Solution: b) (statement 2 and 3 are correct). Exp: The African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for the establishment of the African Union. At the 18th G20 (Group of 20) meeting, held in Delhi, the African Union was admitted as a member to the G20 like the European Union. Incorrect Solution: b) (statement 2 and 3 are correct). Exp: The African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for the establishment of the African Union. At the 18th G20 (Group of 20) meeting, held in Delhi, the African Union was admitted as a member to the G20 like the European Union. ```
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