1. Knesset is the name of the parliament of which country?
[A] Israel
[B] Lebanon
[C] Tunisia
[D] Egypt
Show Answer
Correct Answer: A [ Israel ]
Notes:
Knesset is the unicameral national legislature of Israel. As the legislative branch of the Israeli government, the Knesset passes all laws, elects the President and Prime Minister, approves the cabinet, and supervises the work of the government. In addition, the Knesset elects the State Comptroller. It also has the power to waive the immunity of its members, remove the President and the State Comptroller from office, dissolve the government in a constructive vote of no confidence, and to dissolve itself and call new elections. The Prime Minister may dissolve the Knesset. The Knesset is located in Givat Ram, Jerusalem.
2. Which among the following country had proposed the Nuclear Non-Proliferation Treaty?
[A] France
[B] Canada
[C] Ireland
[D] England
Show Answer
Correct Answer: C [Ireland]
Notes:
Ireland had proposed the Nuclear Non-Proliferation Treaty. The Treaty on the Non-Proliferation of Nuclear Weapons, commonly known as the Non-Proliferation Treaty or NPT, is an international treaty whose objective is to prevent the spread of nuclear weapons.
3. G-77 is a group of _________?
[A] Capitalist countries
[B] Socialist countries
[C] Developing countries
[D] Underdeveloped Countries
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Correct Answer: C [Developing countries]
Notes:
The Group of 77 (G-77) was established on 15 June 1964 by seventy-seven developing countries signatories of the “Joint Declaration of the Seventy-Seven Countries” issued at the end of the first session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva.
4. International Day of the World’s Indigenous People is observed on which date every year?
[A] August 9
[B] August 19
[C] August 29
[D] August 15
Show Answer
Correct Answer: A [August 9]
Notes:
The International Day of the World’s Indigenous Peoples is observed on August 9 each year. The day is also known as World Tribal Day. The day is a time to celebrate indigenous communities and their knowledge. It also recognizes the contributions that indigenous people make to the world, such as environmental protection.
The day was chosen to commemorate the first meeting of the UN Working Group on Indigenous Populations in Geneva in 1982.
The theme for 2023 was “Indigenous Youth as Agents of Change for Self-determination”. The day will be observed online on Wednesday, August 9, 2023.
5. Which among the following has been decided by the government to observe as India Corporate Week ?
[A] First Week of December Every Year
[B] Second Week of December Every Year
[C] Third Week of December Every Year
[D] Last Week of December Every Year
Show Answer
Correct Answer: C [Third Week of December Every Year]
Notes:
The Indian government has designated the Third Week of December every year to observe India Corporate Week. This initiative aims to promote corporate governance, encourage entrepreneurship, and highlight the contributions of the corporate sector to the economy. The week serves as a platform for discussions on business practices and policies, fostering a better understanding of corporate responsibilities.
6. The Indian Air force is divided into how many operational commands?
[A] 2
[B] 3
[C] 4
[D] 5
Show Answer
Correct Answer: D [5]
Notes:
5 operational commands and 2 functional commands
7. Which of the following country’s government is known to impose Policy of Apartheid between 1948 and 1994 which curtailed rights of the black inhabitants and maintained rights of whites?
[A] Australia
[B] New Zea Land
[C] South Africa
[D] United States
Show Answer
Correct Answer: C [South Africa]
Notes:
Apartheid was a system of racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. The National Party governed South Africa from 1948 until 1994. During this time, South Africa was a partial democracy because non-white people were barred from voting after 1958.
The Anti-Apartheid Movement (AAM) was a British organization that opposed the South African apartheid system. The AAM supported South Africa’s non-white population who were persecuted by the policies of apartheid.
Nelson Mandela was sworn in as President of South Africa in 1994. He was known for his internal resistance to apartheid.
8. The first major effort to evolve rules of the game for international trade (or multilateral trade) was in the post-World War II era which resulted in the establishment which of the following?
[A] World Trade Organization
[B] WEF
[C] IMF
[D] GATT
Show Answer
Correct Answer: D [GATT]
Notes:
The General Agreement on Tariffs and Trade is a legal agreement between countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. It is to evolve rules of game for international trade.
9. Transnationality Index is prepared and released by which of the following?
[A] World Trade Organization
[B] World Economic Forum
[C] UNCTAD
[D] International Monetary Fund
Show Answer
Correct Answer: C [UNCTAD]
Notes:The United Nations Conference on Trade and Development (UNCTAD) developed the Transnationality Index (TNI). The TNI is used to rank multinational corporations. It is calculated as the average of three ratios:
- The ratio of foreign assets to total assets
- The ratio of foreign sales to total sales
- The ratio of foreign employment to total employment
The TNI has been used since 1990 to rank the world’s 100 largest non-financial TNCs. It can be used for comparative analysis with similar surveys conducted in other countries.
The TNI has shown that the average index value for developing economies’ TNCs has increased over time.
10. Who is the author of the book “Equilibrium Unemployment Theory”?
[A] Christopher A. Pissarides
[B] Dale T. Mortensen
[C] Peter A. Diamond
[D] Oliver Williamson
Show Answer
Correct Answer: A [Christopher A. Pissarides]
Notes:
The book “Equilibrium Unemployment Theory” is authored by Christopher A. Pissarides. It is a comprehensive work that focuses on unemployment dynamics, job creation, and job destruction. The author introduces the theory of equilibrium unemployment – a framework which has been highly influential in the economics field. Additionally, Pissarides’s work in the search and matching theory of frictional unemployment, along with his contribution to the book has earned him a share of the 2010 Nobel Memorial Prize in Economic Sciences.
