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Insights Secure Prelims – 2014: MCQs On Current Events

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20 May 2014

Today’s Questions

1. With reference to Information Technology Agreement (ITA) and India , consider the following statements

  1. It has benefited India as far as manufacturing in the domestic hardware industry is concerned.
  2. It is a plurilateral agreement of WTO under which participants have to reduce all product tariffs to zero level

Which of the statements given above is/are correct?

a. 1 Only

b. 2 Only

c. Both

d. None

 

2. With reference to the National Communal Harmony Awards, consider the following statements 

  1. It was instituted in 1996 by the National Foundation for Communal Harmony (NFCH), an autonomous Organization set up by the Government of India, Ministry of Home Affairs
  2. It is given to  individuals and Organizations who have promoted  communal harmony and national integration in a sustained manner over a sufficiently long period of time

Which of the statements given above is/are correct?

a. 1 Only

b. 2  Only

c. Both

d. None

 

3. With reference to the Bharat Ratna awards, consider the following statements

  1. This award was instituted through an act of Parliament
  2. A formal recommendation is required before any individual is selected for this award
  3. Along with the medallion, the award carries Rs 10 lakh monetary grant

Which of the statements given above is/are correct?

a. 1 Only

b. 2 Only

c. 3 Only

d. None

 

4.   Which of the following was not the result of curbing of gold imports recently?

a.   Increase in gold smuggling

b.  Decrease of Current Account Deficit

c. High growth in export of gold jewellery from India

d. Improvement in balance of payments position

 

5. With reference to Archaeological Survey of India (ASI), consider the following statements

  1. The Archaeological Survey of India (ASI) is the successor of the Asiatic Society of British archaeologist Sir William Jones
  2. ASI is an attached office under the Ministry of Culture and Government of India
  3. Apart from the  Archaeological Sites and Remains Act, 1958, it also regulates Antiquities and Art Treasure Act, 1972

Which of the statements given above is/are incorrect?

a. 1 Only

b. 2 Only

c. 3 Only

d. None

Sources: PIB Releases 

SOLUTIONS – 19 May 2014

1.

Solution: d)

http://pib.nic.in/newsite/erelease.aspx?relid=64860

2.

Solution: d)

http://www.incometaxindia.gov.in/pan/overview.asp

http://pib.nic.in/newsite/printrelease.aspx?relid=102709

3.

Solution: a)

http://pib.nic.in/newsite/PrintRelease.aspx?relid=102706

4.

Solution: c)

http://pib.nic.in/newsite/PrintRelease.aspx?relid=102725

http://en.wikipedia.org/wiki/National_Waterway_4_(India)

5.

Solution: d)

http://pib.nic.in/newsite/PrintRelease.aspx?relid=102722

http://pib.nic.in/newsite/erelease.aspx?relid=71383