1. Which of the following countries was recently making news for its experiment of Universal Basic Income (UBI)?
[A] Australia
[B] New Zealand
[C] Finland
[D] Poland
Show Answer
Correct Answer: C [Finland ]
Notes:
In Finland, 2,000 unemployed people are being provided with monetary compensation each month for a span of two years with very little or no preconditions.
2. India’s first-ever Aviation Park has been proposed to be set up in which state?
[A] Himachal Pradesh
[B] Gujarat
[C] Maharashtra
[D] Andhra Pradesh
Show Answer
Correct Answer: B [ Gujarat ]
Notes:
To strengthen the aviation sector in Gujarat, the state government has planned to set up the country’s first-ever aviation park in the state. Gujarat State Aviation Infrastructure Company Ltd (GUJSAIL) has been tasked with the project. It would include facilities including an airstrip, training school, helipad and space for setting up small manufacturing units. The company has recently identified a piece of land near Bagodara village for this park. “This will be a first ever Aviation Park in India.
3. The term “Budapest Convention” that was recently in news, is associated to which of the following?
[A] Counter-Terrorism
[B] Cyber Crime
[C] Refugees
[D] Exploration and Use of Outer Space
Show Answer
Correct Answer: B [Cyber Crime]
Notes:
The Convention on Cybercrime is also known as the Budapest Convention. It is the first international treaty seeking to address Internet and computer crime by harmonizing national laws, improving investigative techniques, and increasing cooperation among nations. It is supplemented by a Protocol on Xenophobia and Racism committed through computer systems. The Convention was adopted by the Committee of Ministers of the Council of Europe at its 109th session in 2001 and came into effect in 2004.
4. The logic behind the e-Way bill is to track the tax evasion on movement of goods worth _?
[A] Rs 50,000 and above
[B] Rs 1 Lakh and above
[C] Rs 5 Lakhs and above
[D] Rs 10 Lakhs and above
Show Answer
Correct Answer: A [Rs 50,000 and above]
Notes:
The logic behind the e-Way bill is to track the tax evasion on movement of goods within the state and interstate worth Rs 50000 and above. The government has planned for all-India rollout of e-Way bill by February, 2017.
5. The term “Henderson Brooks report” that was recently making in news, is associated with which of the following?
[A] Simla Agreement of 1972
[B] Tashkent Declaration of 1966
[C] Sino-Indian War of 1962
[D] Pakistan Occupied Kashmir report of 1949
Show Answer
Correct Answer: C [Sino-Indian War of 1962]
Notes:
The Henderson Brooks report is the report of an analysis (Operations Review) of the Sino-Indian War of 1962. On 17 March 2014, Neville Maxwell, a retired British journalist, posted Volume 1 of the two-volume report on his website. There was a huge demand in India for the report to be made public. The report was written by two officers in the Indian Army: Lieutenant General Henderson Brooks and Brigadier General Premindra Singh Bhagat.
6. Which of the following countries has been granted the Observer status in Eurasian Economic Union (EAEU) in April 2017?
[A] Georgia
[B] Armenia
[C] Moldova
[D] Ukraine
Show Answer
Correct Answer: C [Moldova]
Notes:
The member states of Eurasian Economic Union (EAEU) are: Belarus, Kazakhstan, Kyrgyzstan, Russia and Armenia.
Moldova has been granted the Observer Status in April 2017.
7. The term “Triffin dilemma”, which was recently in news, is associated with:
[A] International Territorial Disputes
[B] International Currency System
[C] Trade Protectionism
[D] Global Food Security
Show Answer
Correct Answer: B [International Currency System]
Notes:
The Triffin dilemma, or Triffin paradox, is the idea that a national currency can create conflicts between short-term domestic and long-term international economic goals. The dilemma arises when a national currency also serves as an international reserve currency.
The dilemma was discovered in the 1960s by Belgian economist Robert Triffin. He argued that domestic and international policy goals don’t usually match. For example, if the United States stopped running balance of payments deficits, the international community would lose its largest source of reserves. This could cause a shortage of liquidity, which could lead to instability.
The dilemma points to the conflicts that can arise when a national currency plays a role as an international public good. The global reserve currency issuer issues the safest and most widely used global currency. Domestic monetary policy can have unintended consequences for both the domestic and global economies.
8. The Pam Rajput committee, sometimes seen in news, is associated with:
[A] empowerment of women
[B] digital payment
[C] border protection
[D] promoting entrepreneurship among youths
Show Answer
Correct Answer: A [empowerment of women]
Notes:
The Pam Rajput committee recently submitted its interim report on “Status of Women in India” to the Ministry of Women and Child Development (MWCD). The committee has strongly supported the passage of Women’s Reservation Bill which has been hanging fire in Lok Sabha after being passed by the Upper House in 2010. However, it has called for 50% reservation instead of the current 33% reservation provided in the bill.
9. The Galilee Basin project, which was recently making news, is located in which country?
[A] Ireland
[B] Australia
[C] Brazil
[D] South Africa
Show Answer
Correct Answer: B [Australia]
Notes:
The Galilee Basin is a large inland geological basin in the western Queensland region of Australia. It was in news when Australian Government approved three mining leases for the India based Adani Group for its Galilee Basin project.
10. Which of the following is the main objective of the Jal Sinchan project launched by Government of India recently?
[A] Enhance the physical access of water on the farm and expand cultivable area under assured irrigation
[B] Promotion of micro-irrigation in the form of drips, sprinklers, pivots, rain-guns in the farm
[C] Enhance adoption of precision-irrigation
[D] Enhance Recharge of aquifers
Show Answer
Correct Answer: B [Promotion of micro-irrigation in the form of drips, sprinklers, pivots, rain-guns in the farm]
Notes:
Its a part of PMKSY.