We posted 7 questions in 10 PM Daily Quiz on 14th 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) Consider the following statements regarding National Agriculture Market (NAM)
- It is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
- NAM is one of the flagship project under Digital India Program.
- It is part of implementation of the roadmap for doubling income of the farmers by 2022.
Select the correct answer using the codes given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer-d
Explanation:-All statements are true. For more details refer Editorial Today of 14th April.Click here
Q.2) Consider the following statements regarding National Agriculture Market (NAM)
- Under it, there will be one license for a trader valid across all markets in the State.
- There is provision for multiple point levy of market fees.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true.
Answer-a
Explanation:- There is provision for single point levy of market fees. For more details refer Editorial Today of 14th April.Click here
Q.3) Consider the following statements regarding Logistics Exchange Memorandum of Agreement
- India has signed this agreement with the U.S.
- As per this agreement, India and the US will provide refuelling and supplies to each other’s armed forces but American troops can’t be stationed on Indian soil.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true.
Answer-b
Explanation:- It still, has not been signed. Both the parties have merely agreed to sign it.
- The pause has been taken so as we can consider the repercussions that such a strategic alliance may have for India’s relations with other countries.
- But, by agreeing ‘in-principle’, India has sent out a clear signal that it has no inhibitions about being bound in strategic engagements with the U.S.
Q.4) Consider the following statements regarding proposals of draft civil aviation policy
- It has proposed self-handling at airports.
- The airlines and ground-handlers have not been permitted to hire contract labourers.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-a
Explanation:- It was released in October 2015, proposes self-handling at airports — a long-pending demand of all domestic airlines which too have moved the Supreme Court in the past.
According to the proposal, there will be at least three ground-handling agencies at any airport, with no upper limits, and airlines will be allowed to do self-handling.
It also proposes to allow charter operators to self-handle at all airports. The airlines and ground-handlers have been permitted to hire contract labourers.
Q.5) Which of the following countries share boundary with Liberia?
- Mauritania
- Guinea
- Ghana
- Burkina
- Sierra Leone
- Cote d’Ivoire
Select the correct answer using the codes below
a) 1, 2 and 3 only
b) 1, 3 and 5 only
c) 2 4, 5 and 6 only
d) 2, 5 and 6 only
Answer – d
Explanation
Liberia share its borders with Sierra Leone, Guinea and Cote d’Ivoire and opens out to the Atlantic ocean
Q.6) Global Financial Stability Report is published by which of the following agencies?
a) WTO
b) World Bank
c) IMF
d) Asian Development Bank
Answer – c
Explanation
A semiannual report by the International Monetary Fund (IMF) that assesses the stability of global financial markets and emerging market financing. The Global Financial Stability Report focuses on current conditions, especially financial and structural imbalances, that could risk an upset in global financial stability and access to financing by emerging market countries. It emphasizes the ramifications of financial and economic imbalances that are highlighted in one of the IMF’s other publications, the World Economic Outlook.
Q.7) Consider the following statements regarding Agriculture Growth in India
- The agriculture growth was negative in the year 2014-15.
- In the year 2013-14 it was positive.
Select the correct answer using the codes below
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer – c
Explanation
Agriculture statistics
- Farm economy is 17% of India’s GDP
- Agriculture growth was 4.2% in 2013-14
- Agriculture growth was -0.2% in 2014-15
- Agriculture growth was just 1.1% in 2015-16
- IMD predicted correctly last year that it would be below normal monsoon, now it supports its forecast that this year will be above normal rainfall
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