1. The Civil Services Day (CSD) is celebrated on which day in India?
[A] April 18
[B] April 21
[C] April 19
[D] April 20
Show Answer
Correct Answer: B [April 21]
Notes:
Civil Services Day is celebrated on April 21 every year in India. This day is celebrated to commemorate the day when the first home minister of Independent India, Sardar Vallabhbhai Patel, addressed administrative services officers in 1947.
2. In BIMSTEC, B stands for which among the following?
[A] Bengal
[B] Bangladesh
[C] Bay of Bengal
[D] Brazil
Show Answer
Correct Answer: C [Bay of Bengal]
Notes:
BIMSTEC-Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
The BIMSTEC is sub-regional grouping comprising of seven countries of South Asia- India, Bangladesh, Bhutan, Nepal, Sri Lanka and South East Asia- – Myanmar, Thailand. It was established on 6 June 1997 through Bangkok Declaration. It is headquartered at Dhaka, Bangladesh.
3. Which of the following is an initiative of European Union that involves the creation of a zone for the euro wherein all electronic payments are considered domestic, and a difference between national and intra-European cross border payments doesn’t exist?
[A] Euro zone
[B] Single Euro Payment Area
[C] Eurocheque
[D] None of the above
Show Answer
Correct Answer: B [Single Euro Payment Area]
Notes:
The correct answer is “Single Euro Payment Area” (SEPA). SEPA is an initiative by the European Union aimed at simplifying bank transfers denominated in euros. It allows for seamless electronic payments across member states, treating them as domestic transactions. Established in 2008, SEPA enhances efficiency and reduces costs for consumers and businesses, promoting financial integration within the Eurozone.
4. AICHR is the first body of ASEAN related to which of the following?
[A] Human Rights
[B] Human Resources
[C] Hegemony
[D] Regional Trading
Show Answer
Correct Answer: A [Human Rights]
Notes:
ASEAN Intergovernmental Commission on Human Rights
5. “U Thant” who was a United Nations Secretary General was from which of the following Asian Countries ? (He was first Asian Secretary General of United Nations)
[A] Malaysia
[B] Japan
[C] Thailand
[D] Myanmmar
Show Answer
Correct Answer: D [Myanmmar]
Notes:
U Thant was from Myanmar, formerly known as Burma. He served as the third Secretary-General of the United Nations from 1961 to 1971, becoming the first Asian to hold the position. His tenure was marked by important events, including the Cuban Missile Crisis and the Vietnam War. U Thant was known for his efforts in peacekeeping and promoting decolonization.
6. Over the recent few years, the role of which of the following international organization has assumed a greater role even bigger to a crisis management body and sometimes even challenging the existence of the Bretton Woods brothers (World Bank and International Monetary Fund) ?
[A] G-77
[B] G-20
[C] G-7
[D] BRICS
Show Answer
Correct Answer: B [G-20]
Notes:
The correct answer is G-20. Established in 1999, the G-20 includes major economies that represent about 85% of global GDP. Its role expanded importantly during the 2008 financial crisis, positioning it as a key forum for international economic cooperation. Unlike the G-7, which consists of advanced economies, the G-20 includes emerging markets, enhancing its influence in global economic governance and crisis management, sometimes challenging the traditional dominance of the World Bank and IMF.
7. Which among the following is a correct statement about the French Revolution?
[A] It gave women the right to vote
[B] It gave France a permanent republican government
[C] It continued for 5 years
[D] It awakened the republican goals among the French commoners
Show Answer
Correct Answer: D [It awakened the republican goals among the French commoners]
Notes:
The correct statement is that the French Revolution awakened republican goals among the French commoners. The revolution, which began in 1789, aimed to dismantle the monarchy and establish a republic, importantly influencing the political landscape. While it did lead to temporary republican governments, it did not establish a permanent republic until the Third Republic in 1870. Women did not gain the right to vote until 1944 in France, and the revolution lasted more than 5 years, officially ending in 1799 with the rise of Napoleon Bonaparte.
8. Which among the following group is also referred to as signed the General Arrangements to Borrow (GAB)?
[A] G-7
[B] G-8
[C] G-20
[D] G-10
Show Answer
Correct Answer: D [G-10]
Notes:
The correct answer is G-10. The Group of Ten (G-10) is an informal group of industrialized countries that signed the General Arrangements to Borrow (GAB) in 1962, allowing them to provide financial resources to the International Monetary Fund (IMF) during crises. The G-10 originally included ten countries: Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom, and the United States.
9. The Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region. How many ASEAN Countries are members of APEC?
[A] 4
[B] 5
[C] 6
[D] 7
Show Answer
Correct Answer: D [7]
Notes:
The Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries. It has 7 ASEAN countries. It was established in 1989.
10. Consider the following entities related to international finance:
- Financial Transaction Plan
- Technical Assistance Special Fund
- Financial Stability Board
Which of the above is/are part of the International Monetary Fund (IMF)?
[A] Only 1
[B] 1 and 2
[C] 1, 2 and 3
[D] 1 and 3
Show Answer
Correct Answer: A [Only 1]
Notes:
The Financial Transaction Plan is an integral part of the IMF, managing its lending and repayment operations. The Technical Assistance Special Fund is associated with the Asian Development Bank and not the IMF. The Financial Stability Board is a separate international body; while IMF representatives participate in its activities, it is not part of the IMF itself.
