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10 PM Quiz: March 13, 2018
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- Question 1 of 7
1. Question
1 points‘Samvedna 2018’ is the first multilateral Humanitarian Assistance and Disaster Relief (HADR) exercise of Indian Air Force (IAF). Which of the following countries have participated in this exercise?
- United Arab Emirates
- Pakistan
- Nepal
- Bangladesh
- Sri Lanka
- Mauritius
Select the correct answer using the code given below.
Correct
Samvedna 2018, the first multilateral Humanitarian Assistance and Disaster Relief (HADR) exercise of Indian Air Force (IAF) in association with South Asian Region nations was held off the coast of Kerala.
The multilateral exercise was spearheaded by IAF and conducted by Southern Air Command (SAC) and involved representatives from air forces of Sri Lanka, Bangladesh, Nepal and UAE.
Incorrect
Samvedna 2018, the first multilateral Humanitarian Assistance and Disaster Relief (HADR) exercise of Indian Air Force (IAF) in association with South Asian Region nations was held off the coast of Kerala.
The multilateral exercise was spearheaded by IAF and conducted by Southern Air Command (SAC) and involved representatives from air forces of Sri Lanka, Bangladesh, Nepal and UAE.
- Question 2 of 7
2. Question
1 pointsConsider the following statements about the International Monetary Fund ( IMF ):
- It is one of the Bretton Woods Institutions.
- As per the total outstanding amount as of 8/31/2016, India is the biggest borrower of it.
- It aims to facilitate the expansion and balanced growth of international trade.
Which of the above statements is/are correct?
Correct
Statement 1 is correct. The Bretton Woods Institutions are the World Bank, and the International Monetary Fund (IMF). They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. Their aims were to help rebuild the shattered postwar economy and to promote international economic cooperation. The original Bretton Woods agreement also included plans for an International Trade Organisation (ITO) but these lay dormant until the World Trade Organisation (WTO) was created in the early 1990s.
Statement 2 is incorrect. India is not the biggest borrower of IMF. Biggest borrowers are (amounts outstanding as of 8/31/16) Portugal, Greece, Ukraine and Pakistan.
Statement 3 is correct. The aims of IMF are:
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability;
Assist in the establishment of a multilateral system of payments; and make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
Incorrect
Statement 1 is correct. The Bretton Woods Institutions are the World Bank, and the International Monetary Fund (IMF). They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. Their aims were to help rebuild the shattered postwar economy and to promote international economic cooperation. The original Bretton Woods agreement also included plans for an International Trade Organisation (ITO) but these lay dormant until the World Trade Organisation (WTO) was created in the early 1990s.
Statement 2 is incorrect. India is not the biggest borrower of IMF. Biggest borrowers are (amounts outstanding as of 8/31/16) Portugal, Greece, Ukraine and Pakistan.
Statement 3 is correct. The aims of IMF are:
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability;
Assist in the establishment of a multilateral system of payments; and make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
- Question 3 of 7
3. Question
1 pointsWhich among the following releases the Index of Industrial Production (IIP)?
Correct
Index of Industrial Production (IIP) is released by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation.
Incorrect
Index of Industrial Production (IIP) is released by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation.
- Question 4 of 7
4. Question
1 pointsWith reference to Insolvency and Bankruptcy Board of India, consider the following statements:
- It was set up on 1st October 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).
- It specify the minimum eligibility requirements for registration of insolvency professional agencies.
Which of the above statements is/are correct?
Correct
Both the statements are correct.
Insolvency and Bankruptcy Board of India was set up on 1st October 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).
The IBBI exercises regulatory oversight over Insolvency Professionals, Insolvency Professional Agencies and Information Utilities. It frames and enforces rules for processes such as corporate insolvency resolution, individual insolvency resolution, corporate liquidation and individual bankruptcy under Code.
Incorrect
Both the statements are correct.
Insolvency and Bankruptcy Board of India was set up on 1st October 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).
The IBBI exercises regulatory oversight over Insolvency Professionals, Insolvency Professional Agencies and Information Utilities. It frames and enforces rules for processes such as corporate insolvency resolution, individual insolvency resolution, corporate liquidation and individual bankruptcy under Code.
- Question 5 of 7
5. Question
1 pointsConsider the following statements:
- The first Law Commission of Independent India was established in 1955.
- The currently serving Law Commission is the twenty-first of such commission.
Which of the above statements is/are incorrect?
Correct
Both the statements are correct. The Government of India established the First Law Commission of Independent India in 1955 with the then Attorney-General of India, Mr. M. C. Setalvad, as its Chairman. Since then twenty one more Law Commissions have been appointed, each with a three-year term and with different terms of reference.
The Twenty-first Law Commission was constituted through a Government Order with effect from 1st September, 2015. It has a three-year term, ending on 31st August, 2018.
Incorrect
Both the statements are correct. The Government of India established the First Law Commission of Independent India in 1955 with the then Attorney-General of India, Mr. M. C. Setalvad, as its Chairman. Since then twenty one more Law Commissions have been appointed, each with a three-year term and with different terms of reference.
The Twenty-first Law Commission was constituted through a Government Order with effect from 1st September, 2015. It has a three-year term, ending on 31st August, 2018.
- Question 6 of 7
6. Question
1 pointsWhich among the following writ is considered as a bulwark of individual liberty against arbitrary detention?
Correct
The writ ‘Habeas Corpus’ is an order issued by the court to a person who has detained another person, to produce the body of the latter before it. The court then examines the cause and legality of detention. It would set the detained person free, if the detention is found to be illegal. Thus, this writ is a bulwark of individual liberty against arbitrary detention.
Incorrect
The writ ‘Habeas Corpus’ is an order issued by the court to a person who has detained another person, to produce the body of the latter before it. The court then examines the cause and legality of detention. It would set the detained person free, if the detention is found to be illegal. Thus, this writ is a bulwark of individual liberty against arbitrary detention.
- Question 7 of 7
7. Question
1 pointsThe area known as ‘Ghouta’ recently in the news in the context of the events related to
Correct
Ghouta is a countryside and suburban area in southwestern Syria that surrounds the city of Damascus.
Incorrect
Ghouta is a countryside and suburban area in southwestern Syria that surrounds the city of Damascus.
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