Quiz 100 – Answers
Questions can be found here :
Link : https://chromeias.com/cse-2020-prelims-daily-quiz-100-questions/
b) 2 and 3 only
Confederation of Indian Industry (CII) called for signing of RCEP, according to CII Trade within RCEP nations would increase. India could serve not only as a major market for final markets but also as a base for third-country exports, primarily to West Asia, Africa and Europe.
Farmers fear that the RCEP will permanently bring down import duties on most agricultural commodities to zero which will lead to countries looking to dump their agricultural produce in India which would lead to a drastic drop in prices.
This will aggravate the agrarian crisis even as the input prices in India are heavily taxed and farmers are not given profitable prices, resulting in substantial losses and farmer debts.
c) 1 and 2 both
High Quality Liquid Assets (HQLAs) mean liquid assets that can be readily sold or immediately converted into cash at little or no loss of value, or used as collateral to obtain funds in a range of stress scenarios.
The liquidity coverage ratio (LCR) refers to the proportion of highly liquid assets held by financial institutions, to ensure their ongoing ability to meet short-term obligations.
d) 3 and 4 only
The “One-China policy” is a policy asserting that there is only one sovereign state under the name China, as opposed to the idea that there are two states, the People’s Republic of China (PRC) and the Republic of China (ROC), whose official names incorporate “China”.
One China Policy is a principle whereby China insists Taiwan is an inalienable part of one China to be reunified one day. The policy can be traced back to 1949 and the end of the Chinese civil war.
The One-China principle faces opposition from supporters of the Taiwan independence movement, which pushes to establish the “Republic of Taiwan” and cultivate a separate identity apart from China called “Taiwanization”.
c) 2 and 3 only
The East Asia Summit (EAS) established in 2005. India is a one of founding member of the East Asia Summit.
It is a forum of 18 regional leaders for strategic dialogue and cooperation on the key political, security, and economic challenges facing the Indo-Pacific region.
Since it is an initiative of ASEAN and is based on the premise of the centrality of ASEAN, East Asia Summit is chaired only by an ASEAN member.
b) Agreement between India and Russia, to have access to each other’s military facilities for supplies and fuel.
Agreement on Reciprocal Logistics Support (ARLS) is an arrangement that will allow access to India and Russia, to each other’s military facilities for supplies and fuel, expanding the logistics support and operational turnaround of the Indian military.
This defence agreement will simplify interoperability and enable military platforms to receive support and supplies across bases in both nations.