Daily Current Affairs Prelims Quiz 26-04-2025 (Online Prelims Test)
1) Which of the following statements accurately describe the reasons behind the recent spike in gold prices in India?
Global economic uncertainty due to U.S. tariffs has increased demand for gold as a safe-haven asset.
Strengthening of U.S. dollar have driven businesses to invest in gold.
Which of the statements given above is/are correct?
a.
b.
c.
d.
Answer : a
Reasons behind the recent spike in gold prices in India
Tariffs imposed by U.S. - Experts attribute the global economic uncertainty caused by the tariffs imposed by US as the primary reason behind the recent spike in gold prices.
A weaker U.S. dollar generally leads to higher gold prices.
This is because gold is typically priced in U.S. dollars, and when the dollar weakens, it becomes cheaper for buyers holding other currencies, increasing demand and pushing up prices.
3) Consider the following statements regarding the SAARC Visa Exemption Scheme (SVES)
The SVES was launched in 1992 during the 4th SAARC Summit.
The scheme allows all SAARC citizens to travel visa-free within the region.
Which of the statements given above is/are correct?
a.
b.
c.
d.
Answer : a
SAARC Visa Exemption Scheme
Launched in - 1992.
Launched by - The 4th Summit of SAARC launching the SAARC Visa Exemption Scheme (SVES) in 1992, allowing select individuals to travel within the region without visas.
Eligibility - Itis given to individuals falling under 24 specific categories, such as dignitaries, judges, parliamentarians, senior officials, business persons, journalists, and sports personalities.