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. Which Indian organisation has won the 2017 Asia Pacific Quality Network (APQN) Award?
[A] Telecom Regulatory Authority of India (TRAI)
[B] National Assessment and Accreditation Council (NAAC)
[C] Indian Space Research Organisation (ISRO)
[D] Defence Research and Development Organisation (DRDO)
Show Answer
Correct Answer: B [National Assessment and Accreditation Council (NAAC)]
Notes:
The National Assessment and Accreditation Council (NAAC) of India has won prestigious International Award of Asia Pacific Quality Network (APQN) titled “APQN Quality Award 2017 for International Co-operation in Quality Assurance” in Moscow, Russia on May 26, 2017. The NAAC is an organisation that assesses and accredits institutions of higher education in India. It’s headquarters is located in Bangalore, Karnataka.
3. Which Indian personality will be honoured with the 2017 Carnegie Medal of Philanthropy?
[A] Azim Premji
[B] Nita Ambani
[C] Rahul Bajaj
[D] Indu Jain
Show Answer
Correct Answer: A [Azim Premji]
Notes:
Wipro Chairman Azim Premji will be honoured with the 2017 Carnegie Medal of Philanthropy for his efforts to reform India’s public school system. He is among the 9 philanthropists named recipients of the 2017 Medal of Philanthropy, who are selected for their distinguished and longstanding contributions to the public good. The Carnegie institutions will award the medals during a formal ceremony in October 2017. The honorees are recognized as catalysts for good whose philanthropy has had a significant and lasting impact on a particular field, nation, or community of people.
4. The Indian Railways has launched which virtual server to optimise server usage and faster connectivity?
[A] RailSagar
[B] RailCloud
[C] RailSilver
[D] RailBharat
Show Answer
Correct Answer: B [RailCloud]
Notes:
The Indian Railways has recently launched a virtual server “RailCloud” with an inbuilt security system to optimise server usage and faster connectivity. The technology is developed by rail PSU RailTel at an estimated cost of approx Rs 53 crore. The RailCloud technology enables maximising the usage of available server and storage resulting in accommodation of bigger data and more applications within same server space. It will cover all management related to various services like human resources, health and hospital, signal assets, freight and logistics and energy among others. Beside this, the first IT application on RailCloud “Nivaran-Grievance Portal” was also launched. Nivaran is a platform for resolution of service-related grievances of serving and former railway employees.
5. We often read about third world in newspapers. Which among the following best describes third world ?
[A] The Oil Rich Countries located in Middle east
[B] The underdeveloped countries and developing countries
[C] The Africa and Asia as a whole and parts of South America
[D] The Africa and Asia as a whole and parts of North America
Show Answer
Correct Answer: B [The underdeveloped countries and developing countries]
Notes:
The term “Third World” arose during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact. The Third world countries are mostly the underdeveloped and developing countries.
6. Which of the following statements is incorrect about the Modified Special Incentive Package Scheme (M-SIPS)?
[A] It aims to attract foreign investment for electronics manufacturing
[B] It envisages providing financial support to manufactures in the form of Viability Gap Funding (VGF)
[C] It pushes for net zero imports in electronics by 2020
[D] It is an initiative under the Ministry of Electronics and Information Technology (MeitY)
Show Answer
Correct Answer: B [It envisages providing financial support to manufactures in the form of Viability Gap Funding (VGF)]
Notes:
First statement is correct. The scheme aims to get foreign investment and turn India into an electronics manufacturing hub. Second statement is incorrect. The scheme provides subsidy for capital expenditure – 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs. Third statement is correct. One of the major objectives of the scheme is to attain net zero imports in electronics by 2020. Fourth statement is correct. It is an initiative under the Ministry of Electronics and Information Technology (MeitY). The Modified Special Incentive Package Scheme (M-SIPS) was launched in 2012. Its first phase will end in December, 2018.
7. The term Joint Lenders’ Forum (JLF), sometimes seen in news, aims to:
[A] discuss for disinvestment in selected public sector enterprises
[B] speed up recovery of non-performing assets
[C] design environmental dimensions for sustainable development
[D] address issues related to GST
Show Answer
Correct Answer: B [speed up recovery of non-performing assets]
Notes:
Joint Lenders’ Forum is a group of lenders bank which is formed when an asset (loan) of more Rs 100 crore or more turns out to be a stressed asset. In other words, it can be said a tool by RBI for fighting the Non-Performing Assets (NPA) in the country. Under new norms, any resolution plan agreed to by 60% of creditors by value and 50% creditors by number in a joint lenders’ forum is binding on everyone in the group and no bank board will have the power to overrule the decision.
8. India’s first Agri-commodity Options Contracts trading has been launched for which of the following products?
[A] Onions
[B] Pulses
[C] Guarseed
[D] Oil palm
Show Answer
Correct Answer: C [Guarseed]
Notes:
Recently, the government launched options trading in guarseed on the commodity bourse NCDEX. NCDEX is the second exchange after MCX to launch options trading in commodities. In October 2017, MCX had launched gold options. Guarseed is the first agri-commodity options.
9. Identify the personality with the help of given information:
- He is known for starting a monthly magazine “Rashtra Dharma”, a weekly “Panchajanya”, and a daily “Swadesh”
- He conceived the political philosophy called “Integral Humanism”.
- Government celebrated his 100th birth anniversary on 25th September 2017.
Select the correct answer from options given below:
[A] Keshav Baliram Hedgewar
[B] Madhav Sadashiv Golwalkar
[C] Pandit Deendayal Upadhyaya
[D] Vinayak Damodar Savarkar
Show Answer
Correct Answer: C [Pandit Deendayal Upadhyaya]
Notes:
Pandit Deendayal Upadhyaya was born on September 25, 1916, in a village Nagla Chanderabhan in district Mathura of Uttar Pradesh. He was regarded as an ideal Swayamsevak of the Rashtriya Swayamsevak Sangh (RSS). He is known for starting a monthly magazine “Rashtra Dharma”, a weekly “Panchajanya”, and a daily “Swadesh”. He conceived the political philosophy called “Integral Humanism”. Recently, the government celebrated his 100th birth anniversary on 25th September 2017.
10. The scheme called “Transforming India by 2022”, aspires to:
[A] produce renewable energy capacity of 175 GW by 2022
[B] rapidly transform backward districts of the country
[C] electrify 60% of the vehicles produced in the country
[D] double the current income of the farmers
Show Answer
Correct Answer: B [rapidly transform backward districts of the country]
Notes:
The scheme called “Transforming India by 2022”, aspires to rapidly transform backward districts that are lacking on key development indices in health, nutrition, education, agriculture, skill development, financial inclusion and basic infrastructure.
