What is the main reason behind Sri-Lankan economic crisis?
- A. political irregularities
- B. Shortage of exporting
- C. Shortage of Food and Fuel
- D. Shortage of foreign currency
Correct Answer: D. Shortage of foreign currency
Sri Lanka’s government recently offered unsolicited value-added and income tax cuts to taxpayers. This led to an extreme loss of government revenue. As a consequence, the Sri Lankan Rupee started to slip. Without the necessary cash reserves in place, in early March Sri Lanka had to allow the rupee to free fall.
Correct Answer: C. Brazil
Russia and Brazil have agreed to cooperate in the production and marketing of the world’s first registered coronavirus vaccine Sputnik V. In a Statement Russian Direct Investment Fund said that the agreement was reached with the Brazilian State of Parana on Wednesday 12 August 2020.
Correct Answer: C. Bashar al-Assad
Syrian President Bashar Assad arrived in China on Thursday on his first visit to the country since the start of Syria’s 12-year conflict, one in which Beijing has been one of his main backers. China’s Foreign Ministry said Assad would join other foreign leaders attending the opening ceremony of the Asian Games, an international sports event beginning Saturday in the eastern city of Hangzhou.
Correct Answer: B. July 13, 2023
Ukraine has received cluster munitions, a military spokesperson said on July 13, 2023, less than a week after the United States announced it would transfer such munitions to Ukrainian forces. Valeryi Shershen, a spokesman for the Tavria military command in southern Ukraine, confirmed a CNN report citing the commander of the Tavria forces as saying Ukraine had just receive cluster munitions but had not used them yet.
Correct Answer: B. Permacrisis
‘Permacrisis’, a term that describes ‘an extended period of instability and insecurity’, has been named Word of the Year 2022 by Collins dictionary The word relates to the challenges posed by climate change, the war in Europe, a cost-of-living crisis and political chaos. It was first used in academic contexts in the 1970s. In 2020, Collins picked “lockdown” as its word of the year and last year, it opted for “NFT- Non-fungible token”.
Correct Answer: D. Saudi Arabia
Saudi Arabia is in line to host the 2034 World Cup after FIFA announced that the kingdom had submitted the only “expression of interest” in hosting the tournament. Saudi Arabia, which has invested heavily in football as well as Formula One and golf, is set to take over from an unprecedented tri-continental line-up for the 2030 event, which will be shared between Spain, Portugal and Morocco, with three matches in South America.
Correct Answer: B. 9 October
World Hydrogen and Fuel Cell Day (H2FC Day) is annually observe on October 8 to recognise the importance of the chemical element, Hydrogen, and its role in the transition towards a cleaner and more equitable energy future