Consider the following statements: ...Read more
On evaluating each statement one by one: Jhelum River passes through Wular Lake: This is correct. The Jhelum River flows into the Wular Lake, which is one of the largest freshwater lakes in India, located in Jammu and Kashmir. Krishna River directly feeds Kolleru Lake: This is incorrect. Kolleru LakRead more
On evaluating each statement one by one:
- Jhelum River passes through Wular Lake: This is correct. The Jhelum River flows into the Wular Lake, which is one of the largest freshwater lakes in India, located in Jammu and Kashmir.
- Krishna River directly feeds Kolleru Lake: This is incorrect. Kolleru Lake, situated between the Krishna and Godavari deltas, is primarily fed by the seasonal Budameru and Tammileru rivers, not directly by the Krishna River.
- Meandering of Gandak River formed Kanwar Lake: This is correct. The Kanwar Lake, also known as Kabar Taal, is a natural oxbow lake formed by the meandering of the Gandak River in the Begusarai district of Bihar.
Based on the evaluation, two of the statements are correct. The correct answer is: Only two
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In the recent post-pandemic period, central banks worldwide have raised interest rates to combat inflation, which surged due to heightened fiscal spending during COVID-19 and supply chain issues stemming from the Russia-Ukraine conflict. Therefore, Statement 1 is accurate. The central banks' decisioRead more
In the recent post-pandemic period, central banks worldwide have raised interest rates to combat inflation, which surged due to heightened fiscal spending during COVID-19 and supply chain issues stemming from the Russia-Ukraine conflict. Therefore, Statement 1 is accurate.
The central banks’ decision to increase interest rates aims to raise borrowing costs, leading to a reduction in money supply and, consequently, a decrease in inflation rates. Thus, Statement 2 is also valid.
The rise in interest rates in advanced economies, particularly in the U.S., has negatively impacted the Indian economy, resulting in increased net Foreign Portfolio Investment (FPI) outflows, significant depreciation of the Rupee, declines in foreign exchange reserves, and rising yield rates. This negative impact on the Indian economy is commonly referred to as “Taper Tantrums.” Consequently, this question was posed within this context.
Therefore, the correct answer is Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
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