1. ”Strategy 2020″ is a Long-Term Strategic Framework developed by which among the following International Banks?
[A] Asian Development Bank
[B] World Bank
[C] International Finance Corporation
[D] G-20
Show Answer
Correct Answer: A [Asian Development Bank]
2. What is the theme of the 2018 World Water Day (WWD)?
[A] Why Waste Water?
[B] Nature for Water
[C] Water is Life
[D] Better Water, Better Jobs
Show Answer
Correct Answer: B [Nature for Water]
Notes:
The World Water Day (WWD) is observed every year on 22 March to raise awareness about the importance of water. The 2018 theme ‘Nature for Water’ is exploring nature-based solutions to the water challenges the world faces in the 21st century. The day is about focusing on the importance of water and the need to preserve it. The day encourages people not to waste one of the most important elements that sustain life on the planet. An international day to celebrate freshwater was recommended at the 1992 United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro. The United Nations General Assembly responded by designating 22 March 1993 as the first World Water Day.
3. G is the centroid in the equilateral △ ABC. If AB = 10 cm then length of AG is :
Show Answer
Correct Answer: C [

]
4. The percentage expenses on various items during book production and sale.
If the ‘Printing -Cost’ is 17500 RS. The royalty paid is :
[A] 6300 Rs.
[B] 7500 Rs.
[C] 8750 Rs
[D] 3150 Rs
Show Answer
Correct Answer: B [7500 Rs.]
Notes:35% total cost = Rs. 17500
∴15% of total cost =

5. The term CIPAM, which was recently in news, is associated to:
[A] Demonetization
[B] Intellectual Property Rights
[C] Cross Border Management
[D] Goods and Services Tax (GST)
Show Answer
Correct Answer: B [ Intellectual Property Rights ]
Notes:
The cell for IPR Promotion and Management (CIPAM) under the aegis of the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, aims to ensure effective implementation of the National IPR Policy 2016. CIPAM is also collaborating with the International Trademark Association (INTA) to launch an IPR Awareness campaign for school children, which would spread the message on IPRs in a creative and engaging manner.
6. As per the Economic Survey 2016-17, which state received the highest Redistributive Resource Transfers (RRT) from the Centre?
[A] Uttar Pradesh
[B] Gujarat
[C] Jammu & Kashmir
[D] Sikkim
Show Answer
Correct Answer: D [Sikkim]
Notes:
Redistributive Resource Transfer or RRT to a state (from the Centre) is defined as gross devolution to the state adjusted for the respective state’s share in aggregate Gross Domestic Product (GDP). The top 10 recipients are: Sikkim, Arunachal Pradesh, Mizoram, Nagaland, Manipur, Meghalaya, Tripura, Jammu and Kashmir, Himachal Pradesh and Assam.
7. The term “BND 4201”, which was recently in news, is:
[A] a malicious software program
[B] India’s first indigenously designed standard bar of Gold
[C] anti-diabetic Ayurvedic drug
[D] artillery gun developed by DRDO for the Indian Army
Show Answer
Correct Answer: B [India’s first indigenously designed standard bar of Gold]
Notes:
BND stands for Bharatiya Nirdeshak Dravya, is an indigenous Indian standard Gold bar weighing 20gms and with the dimensions of famous “Parle-G” Biscuit. It has been jointly developed by the scientists of Bhabha Atomic Research Centre (BARC) and CSIR-National Physical Laboratory (NPL). With this, Indian jewellers will no longer need to import gold bars to check the purity of ornaments.This will add to the Make in India campaign and will save foreign exchange of nearly 1000 crore per annum as well as minimise dependency on foreign countries. The bars are being minted in denominations of 10g, 50g, 100g, 500g & 1000g by the India Government Mint (IGM), a unit of Security Printing and Minting Corp of India Ltd. The standard gold bars would be nearly 25% cheaper than their imported versions.
8. Which two countries participated for the first time in Olympics 2016?
[A] Kosovo and South Sudan
[B] Israel and Rwanda
[C] Somalia and Lesotho
[D] Tunisia and Nicaragua
Show Answer
Correct Answer: A [Kosovo and South Sudan]
Notes:
The Olympic Committee of Kosovo was represented at the Olympics 2016 Games for the first time since its formation in the wake of Yugoslavia’s break-up. Similarly, South Sudan which was formed in 2011, made its debut at the Olympics 2016.
9. As per the Great Backyard Bird Count (GBBC) 2017 report, 45 per cent of the total 1263 species of birds available in India, are found in which state?
[A] Himachal Pradesh
[B] Tamil Nadu
[C] Assam
[D] Gujarat
Show Answer
Correct Answer: A [Himachal Pradesh]
Notes:
As per the Great Backyard Bird Count (GBBC) 2017 report, nearly 45 per cent of the 1263 species of birds available in India are found in Himachal Pradesh. As per recent data, a total of 564 bird species were reported from Himachal Pradesh, out of which a total of 453 bird species were reported from the Kangra district only.
10. In Union Budget 2018, the term “grandfathering clause” was used in which of the following context?
[A] Non Performing Asset (NPA)
[B] Long-term capital gains (LTCG) tax
[C] Demonetisation of all Rs.500 and Rs.1000 notes
[D] Goods and Services Tax (GST)
Show Answer
Correct Answer: B [Long-term capital gains (LTCG) tax]
Notes:
In Union Budget 2018, the term “grandfathering clause” was used in the context of Long-term capital gains (LTCG) tax. The “grandfathering” clause is a special provision by which a person, institution or any entity can be exempted from a new law, rule or regulation. The Finance Minister used a new provision of long-term capital gains (LTCG) tax in his 2018-19 Union Budget speech. As per the new provision, the government would tax long-term capital gains exceeding Rs 1 lakh at a rate of 10 percent; however, the all gains up to January 31, 2018, have been “grandfathered” or exempted from LTCG tax. The gains made in the future, or beyond January 31, 2018, will be taxed according to the new LTCG tax regime.