We posted 7 questions in 10 PM Daily Quiz on 3rd May, 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 posts are excluded from reservation?
- Constitutional Posts
- Armed Forces
- Creamy Layer
Select the correct answer using the codes given below:
a) 1 only
b) 2 and 3 only
c)3 only
d) 1, 2 and 3
Answer-d
Explanation:-
- The sons and daughters of the President of India, the Vice-President of India, Judges of the Supreme Court, the High Courts chairman, the members of Union Public Service Commission, members of the State Public Service Commission, Chief Election Commissioner, Comptroller Auditor-General of India or any person holding positions of a constitutional nature.
- The sons and daughters of parents either or both of whom is or are in the rank of colonel and above in the army or in equivalent posts in the Navy, the Air Force, and the Paramilitary Force. But that will hold true provided that-
- “the wife of an armed forces officer is herself in the armed forces (i.e., the category under consideration) the rule of exclusion will apply only when she herself has reached the rank of Colonel.”
- “the service ranks below Colonel of husband and wife shall not be clubbed together”
- “if the wife of an officer in the armed forces is in civil employment, this will not be taken into account for applying the rule of exclusion unless she falls in the service category under item No.II in which case the criteria and conditions”
- Creamy Layer :- Son(s)/daughter(s) of those who earn 6 lakh (600,000) or more annually for three consecutive years are excluded from reservation.
Q.2) Consider the following statements regarding Permanent Court of Arbitration (PCA)
- It is the primary judicial branch of the United Nations (UN).
- The PCA is a permanent judiciary that assists temporary tribunals to resolve disputes among states (and similar entities).
Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer-d
Explanation:– The International Court of Justice ( commonly referred to as the World Court or ICJ) is the primary judicial branch of the United Nations (UN).
The Permanent Court of Arbitration (PCA) is an international organization based in the Peace Palace, The Hague, the Netherlands.
It is not a court, does not have permanent judges, and should not be confused with the International Court of Justice, a separate institution also in the Peace Palace.
The PCA is a permanent bureaucracy that assists temporary tribunals to resolve disputes among states (and similar entities), intergovernmental organizations, or even private parties arising out of international agreements. The cases span a range of legal issues involving territorial and maritime boundaries, sovereignty, human rights, international investment, and international and regional trade.
Q.3) Consider the following statements regarding World Trade Organisation (WTO)
- It comes under the Bretton Woods institutions.
- Its headquarter is in Geneva, Switzerland.
Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer-b
Explanation:– The WTO’s predecessor, the General Agreement on Tariffs and Trade (GATT), was established after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation – notably the Bretton Woods institutions known as the World Bank and the International Monetary Fund.
Q.4) Consider the statement:
- Agreements involve cooperation between at least two countries to reduce trade barriers
- If people are also free to move between the countries, in addition to FTA, it would also be considered an open border.
Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer c
Explanation
A free-trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers – import quotas and tariffs – and to increase trade of goods and services with each other.If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration.
Q.5) Consider the statements:
- Role of PSU is to maintain competition in the sector and limit excessive monopoly.
- Recently NITI aayog is of view that Financial return cannot be the sole reason for investing in PSUs. They have to serve social/strategic purposes
Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer c
Explanation: click here
Q.6) What is the current divestment policy?
a) Government has to retain majority shareholding, i.e., at least 51% and management control of the PSUs.
b) Government has to retain majority shareholding, i.e., at least 50% and management control of the PSUs.
c) Government has to retain majority shareholding, i.e., at least 49% and management control of the PSUs.
d) Government has to retain majority shareholding, i.e., at least 41% and management control of the PSUs.
Answer a
Explanation click here
Q.7) Consider the statements:
- Supreme Court has set up a three-member committee, headed by former Chief Justice of India R.M. Lodha, to oversee the functioning of the Medical Council of India (MCI) for at least a year.
- All policy decisions of the MCI will require suggestion of the Committee, but MCI is not bounded to implement those suggestions.
Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer a
Explanation: Click here
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