UPSC GK Questions 2026

The committee headed by S. S. Tarapore reported in 1997 and again in 2006 and set out a phased road map for making the rupee convertible on the capital account, together with the preconditions to be met first, such as fiscal discipline, low and stable inflation and a strong banking…

When the rupee depreciates, each dollar buys more rupees, so an Indian good priced in rupees costs a foreign buyer fewer dollars and exports become more competitive, while every imported item costs more rupees than before.

Since the unification of the exchange rate in March 1993 the value of the rupee has been determined by demand and supply in the foreign exchange market, while the Reserve Bank intervenes by buying or selling dollars to curb sharp volatility rather than to defend any particular level.

Small savings such as deposits in post office schemes are domestic rupee liabilities of the government and have nothing to do with the country's external assets.

India accepted the obligations of Article VIII of the Articles of Agreement of the International Monetary Fund in August 1994, which means the rupee can be exchanged freely for trade in goods and services, travel, education, remittances and interest payments.

FERA treated foreign exchange as a scarce resource, forbade most dealings unless permitted and made breaches criminal offences.

Foreign investors bring in foreign exchange and look for predictable rules, and the difficulty most often listed for India is regulatory uncertainty: changing rules, clearances spread across departments and states, and disputes that take long to settle.

Statement 1 is right because when the United States Federal Reserve tightens, returns there become attractive and portfolio money flows out of emerging markets, which is capital flight.

Statement 1 is right because the NEER is a trade weighted index of the rupee against a basket of partner currencies, so a rise in the index means the rupee has appreciated in nominal terms.

The Indus Waters Treaty, signed in 1960 with the World Bank as a party to the arrangement, gave India the unrestricted use of the three eastern rivers, the Ravi, the Beas and the Sutlej, and gave the three western rivers to Pakistan, with India allowed limited uses such as run…

At Devprayag in Uttarakhand the Bhagirathi, which comes down from the Gangotri glacier, meets the Alaknanda, and the united stream is called the Ganga from that point.

Hirakud dam stands on the Mahanadi in the Sambalpur district of Odisha and is among the longest earthen dams in the world, built for flood control, irrigation and power in a basin that used to flood badly.

The Narmada flows west from the Amarkantak plateau through the rift valley between the Vindhya and Satpura ranges and empties into the Gulf of Khambhat through an estuary, because the steep, narrow valley lets it carry its silt straight out to sea instead of spreading it.

The Godavari rises in the Western Ghats at Trimbakeshwar in the Nashik district of Maharashtra and flows east across the peninsula to the Bay of Bengal, draining the second largest basin in India after the Ganga.

The Godavari is about 1,465 kilometres long, rises at Trimbakeshwar near Nashik in Maharashtra, crosses Telangana, Chhattisgarh and Andhra Pradesh and falls into the Bay of Bengal, all within India, which makes it the longest river flowing wholly inside the country.

The Musi rises in the Anantagiri hills of Telangana, flows through Hyderabad, and joins the Krishna in Nalgonda district, which is why the city's water supply and floods are tied to it.

In the Rigveda the Ravi appears as the Parushni, and it is on this river that the Battle of the Ten Kings, the Dasarajna, is placed.

The Sutlej rises from the Rakas lake near Mansarovar in Tibet, where it is called the Langchen Khambab, and enters India through the Shipki La pass in Himachal Pradesh before flowing on to join the Beas at Harike.

The Tons is a tributary of the Yamuna in the Ganga system, rising in the Garhwal Himalaya, and has nothing to do with the Brahmaputra basin.

Hydrofluorocarbons were adopted as substitutes for chlorofluorocarbons in refrigeration and air conditioning because they do not harm the ozone layer, but they turned out to be very powerful greenhouse gases, so the Kigali Amendment of 2016 brought them under the Montreal Protocol with a schedule for reducing their use.