Question 1 – General Studies- Paper III, Economy
1. Compare and contrast the fixed-rate exchange system and the floating-rate exchange system in the context of international finance. Discuss the key features, advantages, and disadvantages of each system. Additionally, highlight the factors that influence the choice between a fixed and floating exchange rate regime for a country’s monetary policy.
Question 2 – General Studies- Paper II, Social Issues
2. Explain the concept of the Multidimensional Poverty Index (MPI) and discuss its significance in the measurement of poverty. Highlight the key dimensions considered in the MPI and how it differs from traditional income-based poverty measures.
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