We posted 7 questions in 10 PM Daily Quiz on 4th April, 2016. Thanks for the amazing response. These questions will help you polish concepts based on current affairs. In case you have not attempted them, please attempt them by clicking below.
Q.1 UNESCO contributes to peace and security by promoting international collaboration among countries. Which of the following programs are pursued by UNESCO to achieve its objectives?
- Education
- Natural sciences
- Social human sciences
- Culture
- Agriculture
Select the correct answer using the codes given below
a) 1,2,3 only
b) 1,2,3 and 5 only
c) 1,2,4 and 5 only
d) 1,2,3 and 4 only
Answer: (d)
Explanation:
UNESCO pursues its objectives through five major programs: education, natural sciences, social/human sciences, culture and communication/information.
Agriculture is not part of it.
Projects sponsored by UNESCO include literacy, technical, and teacher-training programmes, international science programmes, the promotion of independent media and freedom of the press, regional and cultural history projects, the promotion of cultural diversity, translations of world literature, international cooperation agreements to secure the world cultural and natural heritage (World Heritage Sites) and to preserve human rights, and attempts to bridge the worldwide digital divide.
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Q.2 Which of the following statements are true about the IMF(International Monetary Fund) ?
- Purpose is to promote international monetary cooperation
- IMF is headquartered in New York, United States
- IMF conditionality is a set of policies or conditions that the IMF requires in exchange for financial resources
- The IMF was originally laid out as a part of the Bretton Woods system exchange agreement in 1944
Select the correct answer using the codes given below
a) 1 and 2 only
b) 2 and 4 only
c) 1,2 and 3 only
d) 1,3 and 4 only
Answer: (d)
Explanation:
Headquartered at Washington D.C, US
Promote international monetary cooperation, facilitate international trade, foster sustainable economic growth, make resources available to members experiencing balance of payments difficulties
IMF conditionality is a set of policies or conditions that the IMF requires in exchange for financial resources.
The IMF was originally laid out as a part of the Bretton Woods system exchange agreement in 1944. During the Great Depression, countries sharply raised barriers to trade in an attempt to improve their failing economies. This led to the devaluation of national currencies and a decline in world trade
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Q.3) Constitutional Amendment Bill 122 is related to which of the following?
a) GST Bill, 2014
b) Constitution (Scheduled Castes) Order (Amendment) Bill, 2016
c) National Judicial Appointment Commission (NJAC) 2014
d) India and Bangladesh on the acquiring and transfer of territories 2013
Answer: (a)
Explanation:
122 Constitutional Amendment Bill Is related to GST
The Constitution (121st Amendment) Bill, 2014 is National Judicial Appointment Commission (NJAC) 2014
The Constitution (119th Amendment) Bill, 2013 is agreement entered into by India and Bangladesh on the acquiring and transfer of territories between the two countries on May 16, 1974. The First Schedule of the Constitution defines the area of each state and union territory which together constitute India.
The Constitution (Scheduled Castes) Order (Amendment) Bill, 2016–The Constitution empowers the President to specify the Scheduled Castes in various states and union territories. Further, it permits this list of notified Scheduled Castes (SC) to be modified by Parliament.
Recently, some states proposed certain modifications to this list. The Statement of Objects and Reasons of the Bill states that the Bill has been introduced to give effect to the changes proposed by the states.
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Q.4) Consider the following statements regarding nuclear safeguards
- India has not ratified Convention on Supplementary Compensation for Nuclear Damage (CSC).
- India has signed 2014 Nuclear Security Implementation.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct
Answer: (d)
Explanation: India has refused to sign 2014 Nuclear Security Implementation, which is based on national commitments to the application of international principles and guidelines, including peer reviews. Nuclear Security Implementation is considered as most significant instrument to build a robust nuclear security system.India has ratified Convention on Supplementary Compensation for Nuclear Damage (CSC), 1997 which sets parameters on a nuclear operator’s financial liability. In this regard, India has submitted the Instrument of Ratification of the CSC to the International Atomic Energy Agency (IAEA) and shall come into force in May 2016.
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Q.5) Consider the following statements regarding Ujwal DISCOM Assurance Yojna
- UDAY Scheme has been launched by Finance Ministry for financial restructuring of debt of power distribution companies.
- It aims for financial revival and turnaround of (DISCOMs) and also ensures a sustainable permanent solution to the problem.
- By becoming part of it, states power DISCOMs can convert their debt into state bonds as well as roll out number of measures to improve efficiency at power plants.
Select the correct answer using the codes given below:
a) 1, 2 and 3
b) 1 and 2
c) 1 and 3
d) 2 and 3
Answer: (d)
Explanation:
Ujwal DISCOM Assurance Yojna (UDAY)
- UDAY Scheme has been launched by Union Ministry of Power for financial restructuring of debt of power distribution companies.
- It aims for financial revival and turnaround of Power Distribution companies (DISCOMs) and also ensures a sustainable permanent solution to the problem.
- By becoming part of it, states power DISCOMs can convert their debt into state bonds as well as roll out number of measures to improve efficiency at power plants.
- It seeks to make DISCOMs financially and operationally healthy so they can supply adequate power at affordable rates and play important role in Union Government’s ambition of meeting target of 100% Village electrification and 24X7 Power For All.
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Q.6) Which is the only country in the world to have a specific cell in the Pentagon for defence, trade ties?
a) Pakistan
b) India
c) France
d) Israel
Answer: (b)
Explanation:
India Rapid Reaction Cell (IRCC)
- The IRRC is the only country-specific cell in the Pentagon and functions under the office of the Under Secretary of Defence Acquisition, Technology and Logistics.
- It is indicative of the importance attached to deepening strategic cooperation with India.
- It was launched in 2012 to deepen high-technology cooperation and move towards co-development and co-production of high technology platforms
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Q.7) Which of the following steps have been taken by the government under the Hydrocarbon Exploration Licensing Policy (Help)
- There has been a shift from Revenue-sharing contracts (RSCs) to Production/ profit-sharing contracts (PSCs).
- There is pricing and marketing freedom for gas produced from deepwater, ultra-deepwater and high pressure high temperature (HPHT) fields.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct
Answer: (b)
Explanation:
The most significant shifts under Help are:
- Production/ profit-sharing contracts (PSCs) to revenue-sharing contracts (RSCs)
- Pricing and marketing freedom for gas produced from deepwater, ultra-deepwater and high pressure high temperature (HPHT) fields.
The Open Acreage Licensing Policy and single licence for all hydrocarbons are also important developments.
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