We posted 7 questions in 10 PM Daily Quiz on 17 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) The exclusive economic zone (EEZ) stretches from the baseline out to how much nautical miles (nmi) from its coast?
a) 12
b) 200
c) 100
d) 370
Answer-b
Explanation:-An exclusive economic zone (EEZ) is a sea zone prescribed by the United Nations Convention on the Law of the Sea over which a state has special rights regarding the exploration and use of marine resources, including energy production from water and wind] It stretches from the baseline out to 200 nautical miles (nmi) from its coast.
Q.2) Consider the following statements regarding African Nuclear Weapons Free Zone Treaty
- ANWFZT is named after Namibia’s main Nuclear Research Centre, run by the South African Nuclear Energy Corporation.
- It is also known as Pelindaba Treaty.
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:-
What is Pelindaba Treaty
- It is also known as African Nuclear Weapons Free Zone Treaty.
- It was signed in 1996 and came into force in 2009.
- The treaty aims to prevent nuclear proliferation in Africa and also stops unchecked supply of Uranium to the nuclear powers of the world.
- All African Union members are the signatories of the treaty
- ANWFZT is named after South Africa’s main Nuclear Research Centre, run by the South African Nuclear Energy Corporation.
Q.3) Consider the following statements regarding Ennore port
- It is India’s first corporate port.
- It is located south of Chennai.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct
Answer-a
Explanation:- Located at the north of Chennai, Ennore port was established to reduce congestion on Chennai Port. It is also India’s first corporate port.
Q.4) Regional Connectivity Scheme (RCS) was in news recently, it is related to which of the following?
a) Railways
b) Road network
c) Seaways
d) Airlines
Answer-d
Explanation:-
What is Regional Connectivity Scheme (RCS)
- Under RCS, the airlines will connect to small towns with flights of about 1 hour capped at Rs 2500.
- The centre will compensate for the losses by subsidising the airlines flying on regional routes so that they can charge Rs 2500 to passengers for one hour flight. This is also known as viability gap funding (VGF).
- The ratio between centre to state of this VGF will be 80:20
Q.5) Arrange the following terms from broader concepts to narrower concepts
- Trade deficit
- Balance of Payments (BoP)
- Current Account Deficit (CAD)
Select the correct answer using the codes given below:
a) 1-2-3
b) 3-1-2
c) 2-3-1
d) 2-1-3
Answer-c
Explanation:-
The terms current account deficit and trade deficit are often used interchangeably but in fact they have substantially different meanings. The current account deficit is a broader trade measure that encompasses the trade deficit along with other components.
The trade deficit is the largest component of the current account deficit and refers to a nation’s balance of trade, or the relationship between the goods and services its imports and those it exports. A nation has a trade deficit if the total value of goods and services it imports is greater than the total value of those it exports. If the total value of a nation’s exports exceeds the total value of imports, the nation has a trade surplus.
The current account deficit is a broader measure that includes the trade deficit and is itself part of a broader measure, the balance of payments. The balance of payments is the sum of all transactions between a nation and all of its international trading partners. In addition to the trade deficit, the current account deficit includes factor income and financial transfers.
Factor income is determined by subtracting income made by citizens of a country on their foreign investments from income earned by foreigners on their investments within the country. An example of factor income is rental profit earned by citizens of one country on property they own in another country. Financial transfers include interest earnings and foreign remittances. Foreign remittance refers to money earned in one country that is sent back to another country, as in the case of a person working outside his or her home country and sending money back home to relatives. In some cases, remittances constitute a significant portion of the gross domestic product (GDP) of the country where they are received.
Q.6) Who is the ex-officio chairperson of NITI Aayog?
a) President
b) Prime Minister
c) Vice-President
d) Chief Justice of India
Answer-b
Explanation:-NITI Aayog is a group of people with authority entrusted by the government to formulate/regulate policies in social and economic issues with experts in it.
The Prime Minister is Ex-Officio Chairperson for NITI Aayog.
Q.7) Special Rapporteur bear a specific mandate from the which of the following organisation?
a) United Nations Human Rights Council
b) United Nations Educational, Scientific and Cultural Organization (UNESCO)
c) United Nations Industrial Development Organization (UNIDO)
d) World Health Organization (WHO)
Answer-a
Explanation:- What are special rapporteurs?
- Special Rapporteur, Special Representative of the Secretary-General and Independent Expert are titles given to individuals working on behalf of the United Nations (UN) within the scope of “Special Procedures” mechanisms, who bear a specific mandate from the United Nations Human Rights Council, either a country mandate or a thematic mandate.
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