1. Which of the following organisations assist a country with the adjustment process under its Extended Fund Facility?
[A] Asian Development Bank
[B] World Bank Group
[C] International Monetary Fund (IMF)
[D] New Development Bank (NDB)
Show Answer
Correct Answer: C [International Monetary Fund (IMF)]
Notes:
When a country faces serious medium-term balance of payments problems, International Monetary Fund assist the country with the adjustment process under its Extended Fund Facility.
2. “National Consumer Rights Day” is observed on which date?
[A] 24 December
[B] 24 January
[C] 24 February
[D] 24 March
Show Answer
Correct Answer: A [24 December]
Notes:
National Consumer Rights Day is observed annually on December 24th in India. The day commemorates the day in 1986 when the Consumer Protection Act was signed into law by the president. The day is an opportunity to promote the basic rights of all consumers.
The Consumer Protection Act of 2019 guarantees six basic rights to consumers in India. The theme for World Consumer Rights Day in 2023 is “Empowering consumers through clean energy transitions”.
3. Which among the following organizations publishes “The New Courier” ?
[A] World Economic Forum
[B] UNESCO
[C] UNICEF
[D] UNDP
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Correct Answer: B [UNESCO]
Notes:
“The New Courier” is published by UNESCO. It has largest and widest-ranging readership of all the journals published by the United Nations and its specialized institutions.
4. General secretariat of International Organization Of Securities Commission IOSCO is located at ?
[A] Madrid, Spain
[B] Basel, Switzerland
[C] Paris, France
[D] Newyork, USA
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Correct Answer: A [Madrid, Spain]
Notes:
The General Secretariat of the International Organization of Securities Commissions (IOSCO) is located in Madrid, Spain. The address is Oquendo 12, 28006 Madrid, Spain.
The General Secretariat is responsible for the administrative management of IOSCO. IOSCO was established in 1983 and has over 180 members from more than 100 states. The organization’s activities include research, risk identification, and standard-setting.
5. Which rank in Indian Air Force is equivalent to Major in Indian Army?
[A] Wing Commander
[B] Squadron Leader
[C] Flight Lieutenant
[D] Flying Officer
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Correct Answer: B [Squadron Leader]
Notes:
The rank in the Indian Air Force which is equivalent to Major in the Indian Army is Squadron Leader. The rank structure in the Indian Air Force is designed to be parallel to that of the Indian Army, with each rank in one service having an equivalent in the other.
6. Which among the following was founded in 1974 in response to the Indian nuclear test in Pokharan?
[A] Nuclear Threat Initiative
[B] International Atomic Energy Agency
[C] Nuclear Suppliers Group
[D] Nonproliferation for Global Security Foundation
Show Answer
Correct Answer: C [Nuclear Suppliers Group]
Notes:
Nuclear Suppliers Group was formed by seven countries viz. Canada, West Germany, France, Japan, the USSR, the United Kingdom, and the United States in response to the ‘Smiling Buddha’ (Pokharan-I) of India in 1974. It was clear from this adventure of India that certain non-weapons specific nuclear technology could be readily turned to weapons development, since it was alleged that India used the Canada sourced material to make bomb. The objective of the NSG was to reduce nuclear proliferation by controlling the export and re-transfer of materials that may be applicable to nuclear weapon development and by improving safeguards and protection on existing materials.
7. Which of the following organization publishes and continually updates the model tax convention which serves as a template for bilateral negotiations regarding tax coordination and cooperation?
[A] Organization for Economic Co-operation and Development (OECD)
[B] Asia-Pacific Economic Cooperation APEC
[C] G20
[D] UN
Show Answer
Correct Answer: A [Organization for Economic Co-operation and Development (OECD)]
Notes:
The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 37 member countries, founded in 1961 to stimulate economic progress and world trade. It is headquartered at Paris, France. The OECD publishes and updates a model tax convention that serves as a template for allocating taxation rights between countries.
8. Whose birth anniversary is observed as the National Education Day in India?
[A] Sarvepalli Radhakrishnan
[B] Maulana Abul Kalam Azad
[C] Jawaharlal Nehru
[D] Rajendra Prasad
Show Answer
Correct Answer: B [Maulana Abul Kalam Azad]
Notes:
11 November every year is observed as National Education Day in India
9. Which among the following does not correctly denote the headquarters of Indian Army’s Operational Command?
[A] Eastern Command – Kolkata
[B] Western Command – Chandimandir
[C] Northern Command – Udhampur
[D] Southern Command – Chennai
Show Answer
Correct Answer: D [Southern Command – Chennai]
Notes:
Southern Command – Chennai does not correctly denote the headquarters of the Indian Army’s Operational Command. The headquarters of the Southern Command of the Indian Army is actually located in Pune, not Chennai.
10. Wich date is observed Central Excise day ?
[A] January 24
[B] February 24
[C] March 24
[D] April 24
Show Answer
Correct Answer: B [February 24]
Notes:
Central Excise Day is observed on February 24 in India. This day commemorates the establishment of the Central Excise Department in 1944, which plays a crucial role in the country’s revenue system by collecting indirect taxes on goods produced or manufactured in India. The observance aims to raise awareness about the importance of excise duties and the role of the department in the economy.
