We posted 7 questions in 10 PM Daily Quiz on 14 June, 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) Which of the following countries were original members of Nuclear Supplier Group (NSG)?
- Japan
- Canada
- Australia
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-a
Explanation:–
About NSG
- The NSG (initially known as the London Club) came into being in 1974, in response to India’s peaceful nuclear explosion.
- Its original members were the U.S., U.S.S.R., U.K., France, West Germany, Canada and Japan.
- Today, the NSG has grown to 48 countries and in order to get away from the notion of a ‘club’, members are called ‘Participating Governments’ (PGs).
Q.2) Which of the following factors are taken into consideration before admitting a new member into NSG
- The ability to supply items on NSG control lists
- A legally based export control system
- Support international non-proliferation efforts
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:-
Factors to be considered while admitting a new member into NSG
Since the NSG is an informal grouping consisting of PGs (and not member states), it has set out five factors for considering applications of prospective PGs. These are
- The ability to supply items on NSG control lists
- Acting in accordance with NSG guidelines
- A legally based export control system
- Support international non-proliferation efforts
- Membership of treaties like the NPT that require full-scope safeguards.
Q.3) Prime Meridian passes through which of the following countries?
- Ghana
- Portugal
- France
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-c
Explanation:- The prime meridian passes through the United Kingdom, France, Spain, Algeria, Mali, Burkina Faso, Ghana and Togo. The prime meridian represents the longitude of 0 degrees.
Q.4) Consider the following statements regarding shadow banking
- Shadow banks raise (that is, mostly borrow) short-term funds in the money markets and use those funds to buy assets with longer-term maturities.
- They are not subject to traditional bank regulation.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-c
Explanation:–
Shadow banks raise (that is, mostly borrow) short-term funds in the money markets and use those funds to buy assets with longer-term maturities.
But because they are not subject to traditional bank regulation, they cannot—as banks can—borrow in an emergency from the Federal Reserve (the U.S. central bank) and do not have traditional depositors whose funds are covered by insurance; they are in the “shadows.”
The Financial Stability Board (FSB), an organization of financial and supervisory authorities from major economies and international financial institutions, developed a broader definition of shadow banks that includes all entities outside the regulated banking system that perform the core banking function, credit intermediation (that is, taking money from savers and lending it to borrowers). The four key aspects of intermediation are
maturity transformation: obtaining short-term funds to invest in longer-term assets;
liquidity transformation: a concept similar to maturity transformation that entails using cash-like liabilities to buy harder-to-sell assets such as loans;
leverage: employing techniques such as borrowing money to buy fixed assets to magnify the potential gains (or losses) on an investment;
credit risk transfer: taking the risk of a borrower’s default and transferring it from the originator of the loan to another party.
Q.5) World Blood Donor Day which is observed every year on
a) June 12
b) June 13
c) June 14
d) June 15
Answer-c
Explanation:-
World Blood Donor Day which is observed every year on June 14.
Q.6) Donated blood is screened for transfusion transmitted infections (TTI).Which of the following are TTI
- Hepatitis B
- Hepatitis C
- Syphilis
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:- Donated blood is screened for transfusion transmitted infections (TTI) such as HIV, hepatitis B, hepatitis C, syphilis and malaria.
Q.7) Arrange the following areas from west to east
- Golan Heights
- Gaza Strip
- West Bank
a) 2-3-1
b) 1-3-2
c) 3-2-1
d) 3-1-2
Answer-a
Explanation:- Click here.
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