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10 PM Quiz: February 23, 2018
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- Question 1 of 7
1. Question
1 pointsWhich among the following countries has become the world’s first sovereign country to officially launch its own cryptocurrency?
Correct
Venezuela become first sovereign country to officially launch its own cryptocurrency called Petro backed by oil, gas, gold and diamond reserves to circumvent US-led financial sanctions.
The Petro aims to help Venezuela to advance in issues of monetary sovereignty, to make financial transactions and overcome financial blockade. It is based on blockchain technology.
Its value will be pegged to price of barrel of Venezuelan oil from the previous day. Government will accept Petro as a form of payment of national taxes, fees, contributions and public services.
Incorrect
Venezuela become first sovereign country to officially launch its own cryptocurrency called Petro backed by oil, gas, gold and diamond reserves to circumvent US-led financial sanctions.
The Petro aims to help Venezuela to advance in issues of monetary sovereignty, to make financial transactions and overcome financial blockade. It is based on blockchain technology.
Its value will be pegged to price of barrel of Venezuelan oil from the previous day. Government will accept Petro as a form of payment of national taxes, fees, contributions and public services.
- Question 2 of 7
2. Question
1 pointsConsider the following countries:
- Ecuador
- Iraq
- Indonesia
- Venezuela
- Equatorial Guinea
Which of the above countries are currently members of the ‘Organization of the Petroleum Exporting Countries (OPEC)’?
Correct
Currently OPEC has a total of 14 Member Countries.
The current Members of OPEC are Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela and Equatorial Guinea.
Incorrect
Currently OPEC has a total of 14 Member Countries.
The current Members of OPEC are Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela and Equatorial Guinea.
- Question 3 of 7
3. Question
1 pointsWhich of the following statements is/are correct about India-UN Development Partnership Fund?
- This fund was created in 2004 after the occurrence of Indian Ocean earthquake and tsunami.
- It is managed by the United Nations Office for South-South Cooperation and implemented in collaboration with the United Nations system.
Which of the statements given above is/are correct?
Correct
Statement 1 is incorrect. The India-UN Development Partnership Fund is a dedicated facility within the United Nations Fund for South-South Cooperation established in 2017.
Statement 2 is correct. It is supported and led by the Government of the Republic of India, managed by the United Nations Office for South-South Cooperation, and implemented in collaboration with the United Nations system.
The India-UN Development Partnership Fund supports Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world, with a focus on least developed countries and small-island developing states. United Nations agencies implement the Funds projects in close collaboration with partnering governments.
Incorrect
Statement 1 is incorrect. The India-UN Development Partnership Fund is a dedicated facility within the United Nations Fund for South-South Cooperation established in 2017.
Statement 2 is correct. It is supported and led by the Government of the Republic of India, managed by the United Nations Office for South-South Cooperation, and implemented in collaboration with the United Nations system.
The India-UN Development Partnership Fund supports Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world, with a focus on least developed countries and small-island developing states. United Nations agencies implement the Funds projects in close collaboration with partnering governments.
- Question 4 of 7
4. Question
1 pointsConsider the following pairs:
Island Nation Capital
- Solomon Islands: Honiara
- Kiribati: Avarua
- Vanuatu: Palikir
- Tonga: Nukuʻalofa
Which of the above pairs are correctly matched?
Correct
Island Country Capita
Solomon Islands: Honiara
Vanuatu: Port Vila
Tonga: Nukuʻalofa
Cook Islands: Avarua
Federated States of Micronesia: Palikir
Kiribati: South Tarawa
Incorrect
Island Country Capita
Solomon Islands: Honiara
Vanuatu: Port Vila
Tonga: Nukuʻalofa
Cook Islands: Avarua
Federated States of Micronesia: Palikir
Kiribati: South Tarawa
- Question 5 of 7
5. Question
1 pointsWith reference to International Solar Alliance (ISA), consider the following statements:
- It is a coalition of solar resource rich countries lying fully between the Tropic of Cancer and the Tropic of Capricorn.
- It was launched at the United Nations Climate Change Conference in Paris in November, 2015.
- Currently, it has 52 countries as signatories of its Framework Agreement.
Which of the statements given above is/are correct?
Correct
Statement 1 is incorrect. International Solar Alliance (ISA) is a coalition of solar resource rich countries lying fully or partially between the Tropic of Cancer and the Tropic of Capricorn to specifically address energy needs by harnessing solar energy.
The Alliance aims to provide a platform for prospective member countries to collaborate and address the identified gaps through a common agreed approach. ISA has been envisioned as a dedicated platform that aims to contribute towards the common goal of increasing utilization and promote solar energy and solar applications in the prospective member countries to help the world transform to a low-carbon and greener society.
Statement 2 is correct. ISA was launched at the United Nations Climate Change Conference in Paris on 30th November, 2015 by Mr. Narendra Modi, Hon’ble Prime Minister of India and Mr. François Hollande former President of France, in the presence of H.E. Mr. Ban Ki Moon, the then Secretary General of the United Nations.
Statement 3 is correct. As of now 52 countries have signed the ISA Framework Agreement.
Incorrect
Statement 1 is incorrect. International Solar Alliance (ISA) is a coalition of solar resource rich countries lying fully or partially between the Tropic of Cancer and the Tropic of Capricorn to specifically address energy needs by harnessing solar energy.
The Alliance aims to provide a platform for prospective member countries to collaborate and address the identified gaps through a common agreed approach. ISA has been envisioned as a dedicated platform that aims to contribute towards the common goal of increasing utilization and promote solar energy and solar applications in the prospective member countries to help the world transform to a low-carbon and greener society.
Statement 2 is correct. ISA was launched at the United Nations Climate Change Conference in Paris on 30th November, 2015 by Mr. Narendra Modi, Hon’ble Prime Minister of India and Mr. François Hollande former President of France, in the presence of H.E. Mr. Ban Ki Moon, the then Secretary General of the United Nations.
Statement 3 is correct. As of now 52 countries have signed the ISA Framework Agreement.
- Question 6 of 7
6. Question
1 pointsWhich of the following statements is/are correct about electoral bonds in India?
- They neither provide any tax exemption nor any interest.
- The political parties will get their account credited on the same day of depositing the bond.
Select the correct answer using the code given below.
Correct
Statement 1 is correct. Electoral Bond is an interest free banking instrument issued on a non-refundable basis and are not available for trading. The donor will not be provided tax exemption. Electoral Bond is a financial instrument for making donations to political parties.
Statement 2 is correct. No payment shall be made to any payee political party if the bond is deposited after expiry of the validity period and the bond deposited by any political party to its account shall be credited on the same day
Incorrect
Statement 1 is correct. Electoral Bond is an interest free banking instrument issued on a non-refundable basis and are not available for trading. The donor will not be provided tax exemption. Electoral Bond is a financial instrument for making donations to political parties.
Statement 2 is correct. No payment shall be made to any payee political party if the bond is deposited after expiry of the validity period and the bond deposited by any political party to its account shall be credited on the same day
- Question 7 of 7
7. Question
1 pointsWhich among the following is the main implementing agency of NAM platform?
Correct
Ministry of Agriculture & Farmers’ Welfare, Govt. of India has appointed Small Farmers’ Agribusiness Consortium (SFAC) as the Lead Implementing Agency of NAM.
SFAC will operate and maintain the NAM platform with the help of a Strategic partner selected for the purpose.
Incorrect
Ministry of Agriculture & Farmers’ Welfare, Govt. of India has appointed Small Farmers’ Agribusiness Consortium (SFAC) as the Lead Implementing Agency of NAM.
SFAC will operate and maintain the NAM platform with the help of a Strategic partner selected for the purpose.
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