1. The Financial Action Task Force is an inter-governmental body. What is the main purpose of this Task Force?
[A] To combat money laundering and terrorist financing
[B] combat the maleffects of Global Meltdown
[C] combat the problems of Least Development Countries LDCs
[D] None of the abve
Show Answer
Correct Answer: A [To combat money laundering and terrorist financing]
Notes:
The Financial Action Task Force (FATF) is an inter-governmental policymaking body that has a ministerial mandate to establish international standards for combating money laundering and terrorist financing. India joined the Financial Action Task Force (FATF) as its 34th member in June 2010.
2. Which among the following denotes the main function of Bank of International Settlement?
[A] A Bank for financial arbitration
[B] A bank for central banks
[C] A bank for Cheap loans
[D] A bank for European Investment
Show Answer
Correct Answer: B [A bank for central banks]
Notes:
The correct answer is “A bank for central banks.” The Bank for International Settlements (BIS), established in 1930, serves as a bank for central banks, facilitating international monetary and financial cooperation. It provides a forum for central banks to exchange information and collaborate on financial stability. The BIS also conducts research and offers banking services to central banks, making it a pivotal institution in the global financial system.
3. World Press Freedom Day is observed on which date?
[A] June 1
[B] May 3
[C] May 31
[D] July 24
Show Answer
Correct Answer: B [May 3]
Notes:
World Press Freedom Day is observed every year on May 3. The day was established by the United Nations General Assembly in 1993, and is intended to celebrate the fundamental principles of press freedom and to remind governments of their duty to respect and uphold the right to freedom of expression. World Press Freedom Day is an opportunity for journalists, media professionals, and members of the public to come together and reflect on the importance of a free and independent press, and to support efforts to promote and defend press freedom around the world.
4. Who among the following was the author of “Jaisalmer ka Gundaraj”?
[A] Hari Singh Burdak
[B] Sagarmal Gopa
[C] Kesari Singh Barahath
[D] Arjun Singh Gurjar
Show Answer
Correct Answer: B [Sagarmal Gopa]
Notes:
Sagarmal Gopa was a freedom fighter and patriot from Rajasthan, India. He took active part in the non-cooperation movement in 1921. He was the author of Jaisalmer ka Gundaraj.
5. Group of 77 at the United Nations is a loose coalition of developing nations for economic promotion. All the countries of which of the following continents are members of the G-77?
[A] Africa
[B] Asia
[C] Europe
[D] Latin America
Show Answer
Correct Answer: D [Latin America]
Notes:
Group of 77 at the United Nations is a loose coalition of developing nations for economic promotion. All the countries of Latin America are part of this group. It is designed to promote its members collective economic interests and create an enhanced joint negotiating capacity in the United Nations.
6. Which of the following organizations gives the “World Food Prize”?
[A] World Health Organization
[B] World Food Organization
[C] United Nations
[D] None of them
Show Answer
Correct Answer: D [None of them]
Notes:
World Food Prize is given by World Food Prize Foundation and it was conceived by Dr. Norman E. Borlaug, recipient of the 1970 Nobel Peace Prize, sponsored by John Ruan.
7. Consider the following treaties and agreements:
- Berlin Plus Agreement
- Washington Treaty
- Treaty of Brussels
- Two Plus Four Treaty
Which of the above contains the provision that an armed attack against one or more members in Europe or North America shall be considered an attack against all members, forming the cornerstone of NATO?
[A] Only 2
[B] 1 and 3
[C] 1, 2 and 4
[D] All of the above
Show Answer
Correct Answer: A [Only 2]
Notes:
The Washington Treaty (North Atlantic Treaty), signed in 1949, established NATO. Article 5 of the Treaty states that an armed attack against one or more NATO members in Europe or North America is to be considered an attack against all. The other agreements listed do not contain this defining NATO provision.
8. Which among the following organization was formed before commencement of the World War II?
[A] World Health Organization
[B] Food and Agriculture Organization
[C] International Atomic Energy Agency
[D] Bank for International Settlements
Show Answer
Correct Answer: D [Bank for International Settlements]
Notes:
The BIS was formed in 1930. The main actors in its establishment were the then-Governor of The Bank of England, Montagu Norman, and his German counterpart Hjalmar Schacht, later Adolf Hitler’s finance minister. The Bank was originally intended to facilitate reparation payments imposed on Germany by the Treaty of Versailles after the First World War. The need for the bank was suggested in 1929 by the Young Committee, and was agreed to in August of that year at a conference at the Hague. A charter for the bank was drafted at the International Bankers Conference at Baden Baden in November. The charter was adopted at a second Hague Conference on January 20, 1930
9. The book “Majm-ul-Bahrain” was written by whom?
[A] Dara Shikoh
[B] Yahaya bin Ahmed Sirhindi
[C] Ziauddin Barni
[D] Khafi Khan
Show Answer
Correct Answer: A [Dara Shikoh]
Notes:
Dara Shikoh, the eldest son of the Mughal Emperor Shah Jahan, wrote Majm-ul-Bahrain (or the Mingling of the two Oceans). Some of the famous works done by him are Safinat ul- Awliya, Sakinat ul-Awliya, Hasanaat ul-Aarifin, Risaala-i Haq Numa, Iksir-i ‘Azam (Diwan-e-Dara Shukoh), etc.
10. The Hyogo Framework for Action was adopted in a United Nations Conference for which among the following for the period of 2005-15?
[A] Green Energy
[B] Climate Changes
[C] Carbon Economy
[D] Natural Disasters
Show Answer
Correct Answer: D [ Natural Disasters]
Notes:World Conference on Disaster Reduction is a United Nations conference bringing together government officials, non-governmental experts and other specialists from around the world to discuss the growing trend of people affected by natural disasters. The first WCDR conference was held in Kobe, Japan January 10- 22, 2005. The outcome of this conference was Hyogo Framework for Action. The HFA suggests five specific priorities for action:
- Making disaster risk reduction a priority;
- Improving risk information and early warning;
- Building a culture of safety and resilience;
- Reducing the risks in key sectors;
- Strengthening preparedness for response.