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With respect to international trade, consider the following statements:

(1) A country has an absolute advantage in producing a good if it can produce that good
at lower opportunity cost than its trading partner.
(2) A country has a comparative advantage in producing a good if it can produce that
good at lower marginal cost than its trading partner.

Which of the statements given above is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
What's the Answer?
Anonymous Quiz
10%
A
29%
B
60%
C
2%
D
In the context of the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR),
consider the following statements:

(1) For commercial banks, a higher CRR is preferred over a higher SLR.
(2) Assets under CRR do not earn interests while those under SLR do.
(3) Assets under SLR can be more readily liquidated than those under CRR.

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
What's the Answer?
Anonymous Quiz
16%
A
61%
B
14%
C
10%
D
βœ… Recommended by ias topper for environment n ecology βœ…

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Very useful material for Environment, many questions they have asked on these acts in the past.
Study UPSC Official pinned Β«βœ… Recommended by ias topper for environment n ecology βœ… πŸ‘‡πŸΌπŸ‘‡πŸΌπŸ‘‡πŸΌπŸ‘‡πŸΌπŸ‘‡πŸΌΒ»
To be read In The Hindu, 2/4/21
Chilika Lake:

● Chilika Lake is a brackish water lagoon.It spreads over the Puri, Khurda and Ganjam districts of Odisha. The lake is located at the mouth of the Daya River flowing into the Bay of Bengal.

● The lake is Asia’s largest and world’s second-largest lagoon after The New Caledonian barrier reef.

● The lake is the largest wintering ground for migratory waterfowl found anywhere on the Indian subcontinent.

● In 1981, Chilika Lake became the first Indian wetland of international importance under the Ramsar Convention.

● Kalijai Temple is located on an island in Chilika Lake. It is considered to be the abode of the Goddess Kalijai.

● The Nalabana Island (Forest of Reeds) covering about 16 Sq. km of the Chilika lake declared a bird sanctuary in 1987.

● The major attraction at the Chilika lake is Irrawaddy dolphins.