Causes And Effects | MCQs
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A. Local taxes due to IMF
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B. Increase in transport demand due to tourism
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C. Currency devaluation due to elections
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D. Global oil crisis due to Russia-Ukraine war
Explanation
Ever since the outbreak of the Russia–Ukraine war on February 24, 2022,
It has persisted for more than one year.
This war and its consequent chain of events have adversely impacted the global economy through several channels,
Such as the commodity market, stock market, and trade
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