Ten MCQs on current International and national events - 61

PRERNA FOR IAS

(ASSOCIATE OF SAMKALP)

      A-Category MCQs -61

MCQ 1. With reference to the recent rise in petrol and diesel prices, consider the following statements:

1. Rising global crude oil prices have no impact on inflation in India.
2. India’s dependence on imported crude oil makes domestic fuel prices vulnerable to geopolitical tensions.
3. Fuel price increases can affect transportation and logistics costs.

Which of the statements given above are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

Answer: (b) 2 and 3 only

Explanation: Statement 1 is incorrect because fuel prices directly influence transportation, logistics and production costs, thereby contributing to inflation. Statements 2 and 3 are correct. The article highlights that India’s significant dependence on imported crude oil makes domestic fuel prices sensitive to global supply disruptions and geopolitical developments, especially in West Asia. Higher fuel prices increase the cost of moving goods and services, which eventually affects food prices and overall inflation.

MCQ 2. Which of the following best explains India’s approach towards the Indo-Pacific region?

(a) Joining formal military alliances against China
(b) Maintaining complete neutrality in regional affairs
(c) Strengthening partnerships while preserving strategic autonomy
(d) Restricting cooperation only to defence matters

Answer: (c) Strengthening partnerships while preserving strategic autonomy