UPSC Prelims Practice Questions — Iran’s economy was weak before war, now worse
Q1. The currency redenomination plan approved by Iran's parliament proposes to remove how many zeros from the rial?
- A. Two zeros
- B. Three zeros
- C. Four zeros
- D. Six zeros
Q2. The US–Israel military strikes that marked the start of the 2026 Iran war were launched on which date?
- A. 13 June 2025
- B. 28 February 2026
- C. 22 June 2025
- D. 14 June 2026
Q3. The memorandum of understanding signed by the United States and Iran in June 2026 settled a conflict lasting how many days?
- A. 12 days
- B. 44 days
- C. 108 days
- D. 180 days
Q4. Which one of the following is Iran's principal crude oil export terminal, where loadings resumed after a roughly six-week wartime halt?
- A. Chabahar
- B. Bandar Abbas
- C. Kharg Island
- D. Bushehr
Q5. In India, the statement that about 70% of the country's crude imports are now routed outside the Strait of Hormuz was issued by which one of the following ministries?
- A. Ministry of External Affairs
- B. Ministry of Petroleum and Natural Gas
- C. Ministry of Commerce and Industry
- D. Ministry of Ports, Shipping and Waterways
Q6. Which one of the following countries was the first among the JCPOA signatories to withdraw from the agreement?
- A. United Kingdom
- B. France
- C. United States
- D. Russia
Q7. According to standard analyses of sanctions economics, comprehensive economic sanctions most commonly feed into domestic inflation in the targeted economy primarily through which channel?
- A. Currency depreciation that raises the cost of imports
- B. A rise in export earnings that expands money supply
- C. Exclusively through higher government wage bills
- D. Automatic monetary tightening imposed by the central bank
Q8. The rial is the official monetary unit not only of Iran but also of which one of the following pairs of countries?
- A. Oman and Yemen
- B. Iraq and Kuwait
- C. Qatar and Bahrain
- D. Afghanistan and Pakistan