1. Pakke Tiger Reserve which received the“India Biodiversity Award 2016”is located in which state?
[A] Uttarakhand
[B] Maharashtra
[C] Kerala
[D] Arunachal Pradesh
Show Answer
Correct Answer: D [ Arunachal Pradesh]
Notes:
Pakke Tiger Reserve located in East Kameng district of Arunachal Pradesh has received the “India Biodiversity Award 2016” under the category, "conservation of threatened species".
2. The term “Dipam” which was recently in news is associated to _?
[A] Demonetisation
[B] Deflation
[C] Disinvestment
[D] Disinflation
Show Answer
Correct Answer: C [ Disinvestment ]
Notes:
The Department of Disinvestment has been renamed as Department of Investment and Public Asset Management or ‘Dipam’. This step is aimed at proper management of Centre’s investments in equity including its disinvestment in central public sector undertakings. The new department has been mandated to "advise the government in the matters of financial restructuring of central public sector enterprises and for attracting investment through capital markets".
3. Which country recently applied in WTO to get market economy status?
[A] India
[B] France
[C] China
[D] Japan
Show Answer
Correct Answer: C [ China ]
Notes:
A market economy is an economic system where decision regarding investment, production, and distribution are based on supply and demand basis. But China’s economic system is characterized by large number of state-owned companies, with subsidies, with dumping facilities in other states. Since China’s economic system is in contrast to that of economic integration, both EU and USA are reluctant to treat China as a “market economy” under World Trade Organisation rules.
4. Which of the following organisations recently released the report titled “South Asia Economic Focus- Globalisation Backlash” praising the demonetization move in India?
[A] International Monetary Fund
[B] World Bank
[C] World Economic Forum
[D] Asian Development Bank (ADB)
Show Answer
Correct Answer: B [World Bank]
Notes:
In recent report of World Bank titled “South Asia Economic Focus – Globalisation Backlash”, it said eliminating tax evasion and corruption-the most talked objectives of junking old 500 and 1000 rupee notes. The report said that the demonetisation move will limit tax evasion and corruption, will help to curb black money, to eliminate counterfeit notes, increase transparency and promote the use of electronic payments in India.
5. The “United Nations Security Council Resolution 2231” that was in news recently, is associated with which of the following?
[A] Terminates the restrictions imposed on Iran’s nuclear programme
[B] Defines “youth” as persons aged 18 through 29
[C] Advocates the rights of refugees and migrants
[D] Incorporation of the 2030 Agenda for Sustainable Development
Show Answer
Correct Answer: A [Terminates the restrictions imposed on Iran’s nuclear programme]
Notes:
On 20 July 2015, the United Nation Security Council unanimously adopted resolution 2231 (2015) endorsing the Joint Comprehensive Plan of Action (JCPOA). The full implementation of Resolution 2231 (2015) provides for the termination of the provisions of previous Security Council resolutions on the Iranian nuclear issue and establishes specific restrictions that apply to all States without exception.
6. The term Common Risk Mitigation Mechanism (CRMM), sometimes seen in news, is associated to:
[A] accelerate the global solar power production
[B] prevent new disasters and reduce existing disaster risks
[C] ensure the safe use of cyberspace
[D] reduce tariffs as well as non-tariff barriers and foster international trade
Show Answer
Correct Answer: A [accelerate the global solar power production]
Notes:One of the stated objectives of Paris Agreement of 2015 was making finance flows consistent towards low greenhouse gas emissions and climate-resistant development. To achieve the same, recently in May, 2017, 16 countries of International Solar Alliance jointly commissioned to define and structure the Common Risk Mitigation Mechanism for solar power generation projects. The instrument aims to:
- set up a secure environment for private investors to invest in solar projects
- lower the cost of finance for renewable energy and the overall price of electricity enlarge the total size of the renewable energy market by making investments in renewables
- diversify and pool risks on mutualised public resources and unlock significant investments
7. Which of the following is the India’s first and only Minority Cyber Gram village?
[A] Chandauli village, Rajasthan
[B] Barsimaluguri village, Assam
[C] Girja Tola village, Odisha
[D] Dhasai village, Maharashtra
Show Answer
Correct Answer: A [Chandauli village, Rajasthan]
Notes:
India’s first and the only Minority Cyber Gram village is Chandauli village in Rajasthan. It was recently praised by the founder of Facebook Mark Zuckerberg during his visit to India. The village has 1300 households with average two persons per family (2600 persons) including non minorities in the village were selected for Digital Literacy. The project has been completed under the digital literacy programme.
8. 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.
9. The term “Pulse Panchayat”, which was recently in news, is most closely related to which of the following?
[A] Pulse Production
[B] Polio Vaccination
[C] Rural Sanitation
[D] Rural Employments
Show Answer
Correct Answer: A [Pulse Production]
Notes:The Pulse Panchayats is a concept where all the farmers in a particular panchayat cooperate in areas like rain water harvesting and efficient use, crop wealth management and safe storage and value addition to primary products. The first such panchayat is in operation in the Edaiyappatti village of Tamil Nadu. {
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10. Which of the following statements is correct about the term “Gyan Sangam”, sometimes seen in the news?
[A] It is an initiative by the senior officers of CBDT and CBEC with an aim to discuss ways of increasing revenue collection
[B] It is an initiative by the officials of PSBs and Financial Institutions (FIs) to discuss strategy for increasing the use of Artificial Intelligence (AI) and big data analytics in the banking & financial systems.
[C] It is collaboration between Indian Higher Educational Institutions and Foreign Higher Educational Institutions to award a degree.
[D] It is an inter-state meeting organised by the finance ministry to generate awareness about the GST and to discuss operational issues pertaining to same.
Show Answer
Correct Answer: B [It is an initiative by the officials of PSBs and Financial Institutions (FIs) to discuss strategy for increasing the use of Artificial Intelligence (AI) and big data analytics in the banking & financial systems.]
Notes:
Gyan Sangam is an initiative by the officials of PSBs and Financial Institutions (FIs) of the country to discuss the strategy for increasing the use of Artificial Intelligence (AI) and Big Data Analytics in the banking & financial systems. First “Gyan Sangam” was organized at National Institute of Banking Management (NIBM), Pune. The main purpose of organizing this event was to give an opportunity to Chairman & Managing Directors (CMDs) and Executive Directors (EDs) of all the banks to express their opinion on important issues in the banking sector which called for immediate resolution. The second “Gyan Sangam 2.0” was organized at State Bank Academy, Gurgaon on 4-5 March, 2016.
