CLAT GurukulSamudraManthan

Topic 164 · Answers

West Asia war and India's '3F' challenge

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

  1. Question 1Answer B

    When did the Strait of Hormuz close during the West Asia war?

    • Late January 2026
    • Correct answer: Late February 2026
    • Late March 2026
    • Late April 2026

    Core Trigger: The Strait of Hormuz closed from late February 2026 during the West Asia war, hitting India's energy and rupee.From Book 1 RATNA, topic 164, point 1

  2. Question 2Answer C

    The '3F' risks named by the Finance Minister were fuel, fertiliser and what?

    • Food inflation
    • Fiscal deficit
    • Correct answer: Foreign exchange
    • Freight costs

    3F Risks: The Finance Minister named three risks: fuel, fertiliser, foreign exchange.From Book 1 RATNA, topic 164, point 2

  3. Question 3Answer C

    Who is the RBI Governor named alongside the Finance Minister?

    • Shaktikanta Das
    • Urjit Patel
    • Correct answer: Sanjay Malhotra
    • Raghuram Rajan

    Current Head: Finance Minister Nirmala Sitharaman named them; Sanjay Malhotra is RBI Governor.From Book 1 RATNA, topic 164, point 3

  4. Question 4Answer A

    To protect foreign exchange, the public was urged to curb spending on what?

    • Correct answer: Gold and foreign travel
    • Mobile phones and laptops
    • Cars and two-wheelers
    • Edible oils and pulses

    Policy Appeal: The government appealed to the public to curb spending on gold and foreign travel to protect foreign exchange.From Book 1 RATNA, topic 164, point 4

  5. Question 5Answer A

    Consider: 1. India imports about 90 per cent of its crude. 2. About 75 per cent of that crude transits Hormuz. Which is/are correct?

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither

    Data: India imports about 90 per cent of its crude, about 40 per cent via Hormuz; the basket neared $115 in April 2026.From Book 1 RATNA, topic 164, point 5

  6. Question 6Answer B

    Which fund did a parliamentary panel seek for fertiliser security?

    • Fuel Price Stabilisation Fund
    • Correct answer: Fertiliser Supply Security Fund
    • Foreign Exchange Support Fund
    • Energy Transition Fund

    Stakeholders: Qatari LNG is a feedstock for urea; a parliamentary panel sought a Fertiliser Supply Security Fund.From Book 1 RATNA, topic 164, point 6

  7. Question 7Answer D

    Which water bodies does the Strait of Hormuz link?

    • Red Sea and Gulf of Aden
    • Black Sea and Mediterranean
    • Bay of Bengal and Andaman Sea
    • Correct answer: Persian Gulf and Gulf of Oman

    Chokepoint: The Strait of Hormuz links the Persian Gulf to the Gulf of Oman and the Arabian Sea.From Book 1 RATNA, topic 164, point 8

  8. Question 8Answer C

    In which year did the IMF create the Special Drawing Right?

    • 1944
    • 1971
    • Correct answer: 1969
    • 1976

    SDR Founded: The IMF created the Special Drawing Right in 1969; its basket has the dollar, euro, renminbi, yen and pound.From Book 1 RATNA, topic 164, point 9

  9. Question 9Answer B

    Which UNCLOS Article guarantees transit passage through international straits?

    • Article 17
    • Correct answer: Article 38
    • Article 87
    • Article 121

    Landmark: UNCLOS (1982), Article 38 guarantees transit passage through straits used for international navigation.From Book 1 RATNA, topic 164, point 10

  10. Question 10Answer A

    Consider: 1. FEMA, 1999 governs foreign-exchange dealings. 2. Forex reserves exclude gold. Which is/are correct?

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither

    Doctrine: Forex reserves comprise foreign currency assets, gold, SDRs and the reserve tranche position at the IMF.From Book 1 RATNA, topic 164, point 12

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