QUIZ – 2016: Insights Current Affairs Quiz – 30 November, 2016
QUIZ – 2016: Insights Current Affairs Quiz
30 November, 2016
Clarifications:
Question 9, Quiz 27th and 28th November, 2016 (Click HERE): Regarding ‘incremental cash reserve ratio’ – The question should have been better worded. It should have been, “The RBI, in an attempt to absorb some of the surplus liquidity available in the banking system due to demonetisation, asked banks to maintain an incremental cash reserve ratio of….”.
Question 2, Quiz 17th November, 2016 (Click HERE): Regarding statement 4 – two mistakes we made – the statement should instead have been, “higher the rural/urban population ratio, higher the serious incidence of crimes against women”. Then, the answer would have been option ‘d’. For now, the correct answer would be option ‘a’, not ‘d’.
The following quiz will have 5-10 MCQs . The questions are mainly framed from The Hindu and PIB news articles.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2016. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.
Hope you enjoy this quiz. If you like it, then please share it. Thank you.
INSIGHTS CURRENT EVENTS QUIZ 2016
Quiz-summary
0 of 6 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
Information
The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.
To view Solutions, follow these instructions:
-
Click on – ‘Start Quiz’ button
-
Solve Questions
-
Click on ‘Quiz Summary’ button
-
Click on ‘Finish Quiz’ button
-
Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 6 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- 6
- Answered
- Review
-
Question 1 of 6
1. Question
1 pointsWhich of the following climate-partnerships recently seen in the news are essentially outside of the United Nations process under which the Paris Climate Change Agreement was negotiated?
- Adaptation of African Agriculture
- 2050 Pathway Platform
- Mission Innovation
- Climate Vulnerable Forum
Select the correct answer using the code given below:
Correct
Solution: d.
Besides the negotiations on the procedural details of the rulebook, several important partnerships were stitched up on the sidelines of the Marakkech conference. These partnerships, like the India-led International Solar Alliance, are essentially outside of the UN process under which Paris was negotiated, but represent the growing desire on the part of countries and non-government agencies such as businesses and city administrations to do their bit in the fight against climate change. Some of these partnerships include:
- International Solar Alliance
- Adaptation of African Agriculture
- Climate Vulnerable Forum
- 2050 Pathway Platform
- Mission Innovation
Incorrect
Solution: d.
Besides the negotiations on the procedural details of the rulebook, several important partnerships were stitched up on the sidelines of the Marakkech conference. These partnerships, like the India-led International Solar Alliance, are essentially outside of the UN process under which Paris was negotiated, but represent the growing desire on the part of countries and non-government agencies such as businesses and city administrations to do their bit in the fight against climate change. Some of these partnerships include:
- International Solar Alliance
- Adaptation of African Agriculture
- Climate Vulnerable Forum
- 2050 Pathway Platform
- Mission Innovation
-
Question 2 of 6
2. Question
1 pointsIn the fight against climate change, several partnerships have been established. The Government of India is a member/supporter of which of the following?
- Mission Innovation
- 2050 Pathway Platform
- Climate Vulnerable Forum
Select the correct answer using the code given below:
Correct
Solution: a.
India is party to Mission Innovation, and not the 2050 Pathway Platform (private entities from India though, are supporting it) as yet. Also, India is not a member of CVF.
Incorrect
Solution: a.
India is party to Mission Innovation, and not the 2050 Pathway Platform (private entities from India though, are supporting it) as yet. Also, India is not a member of CVF.
-
Question 3 of 6
3. Question
1 pointsIndia is mulling over introducing a system similar to the United States Customs and Border Protection’s “Global Entry” programme. What is this programme?
Correct
Solution: c.
The Centre is mulling over a risk-based pre-screening plan to enhance passenger convenience, Union Minister of State for Civil Aviation Jayant Sinha says. “We are examining a secure traveller notion. Under the system, a passenger will be pre-screened and those who are low-risk will be able to get through the airport queue faster. There might be a few trade-offs or concerns, but we are examining this proposal,” Mr. Sinha says.
The U.S. Customs and Border Protection pioneered a similar programme named Global Entry that allows speedy clearance for low-risk passengers on arrival in the U.S. Citizens of the U.S., the U.K., Germany, Singapore, South Korea and others are eligible for the programme and can board their flights and through automatic kiosks at select airports.
Incorrect
Solution: c.
The Centre is mulling over a risk-based pre-screening plan to enhance passenger convenience, Union Minister of State for Civil Aviation Jayant Sinha says. “We are examining a secure traveller notion. Under the system, a passenger will be pre-screened and those who are low-risk will be able to get through the airport queue faster. There might be a few trade-offs or concerns, but we are examining this proposal,” Mr. Sinha says.
The U.S. Customs and Border Protection pioneered a similar programme named Global Entry that allows speedy clearance for low-risk passengers on arrival in the U.S. Citizens of the U.S., the U.K., Germany, Singapore, South Korea and others are eligible for the programme and can board their flights and through automatic kiosks at select airports.
-
Question 4 of 6
4. Question
1 pointsConsider the following statements:
- Membership to the Asian Infrastructure Investment Bank (AIIB) is not restricted to Asian countries.
- India has the second-largest voting share and percentage of shares in the AIIB.
Which of the statements give above is/are correct?
Correct
Solution: c.
- India is an influential member (and a founding member) of the AIIB as it has the second-largest voting share and percentage of shares.
- The Asian Infrastructure Investment Bank (AIIB), conceived and hosted by China, is essentially a multilateral development bank that is driven solely by the “quality of projects and not politics”, according to its Vice-President, Danny Alexander.
- AIIB Membership is not restricted to countries Asian countries.
Incorrect
Solution: c.
- India is an influential member (and a founding member) of the AIIB as it has the second-largest voting share and percentage of shares.
- The Asian Infrastructure Investment Bank (AIIB), conceived and hosted by China, is essentially a multilateral development bank that is driven solely by the “quality of projects and not politics”, according to its Vice-President, Danny Alexander.
- AIIB Membership is not restricted to countries Asian countries.
-
Question 5 of 6
5. Question
1 pointsSuppose RBI purchases gold worth Rs 5. It pays for the gold by issuing currency to the seller. The ‘currency in circulation’ in the economy thus goes up by Rs 5, and this is an item that shows up in the RBI balance sheet on the
Correct
Solution: a.
- The total liability of the monetary authority of the country, RBI, is called the monetary base or high powered money. It consists of currency (notes and coins in circulation with the public and vault cash of commercial banks) and deposits held by the Government of India and commercial banks with RBI.
- Suppose RBI purchases gold or dollars worth Rs 5. It pays for the gold or foreign exchange by issuing currency to the seller. The currency in circulation in the economy thus goes up by Rs 5, an item that shows up on the liability side of the balance sheet. The value of the acquired assets, also equal to Rs 5, is entered under the appropriate head on the Assets side. Similarly, RBI acquires debt bonds or securities issued by the government and pays the government by issuing currency in return.
- The Hindu: “There is, however, no doubt that this tax manoeuvre is a neater way of gaining fiscal headroom than extinguishing the Reserve Bank of India’s liabilities to the extent of unreturned old Rs.500 and Rs.1,000 notes, and turning that into a special dividend to the exchequer.”
Primary Source: Page 41, Macroeconomics, Class 12, NCERT;
Incorrect
Solution: d.
If you have read the NCERTs, you would know about hyperinflation in Germany post-World War I. If you have been following international news recently, Zimbabwe “launched its own money for the first time since its currency was abandoned seven years ago amid rampant inflation”.
- Called the ‘bond note’, which is worth one US dollar – the country’s main currency since 2009 – is raising fears of a return to the ill-fated local dollar.
- The government has issued the bond note to tackle a worsening cash shortage. It hopes the cash substitute, which is legal tender in Zimbabwe but is not valid outside the country, will halt the flow of US dollars going overseas.
- And in the run-up to the notes’ release, Zimbabweans queued for hours to withdraw their US dollars amid fears the bond notes would not be able to keep parity.
- 2008, 2009: An egg cost 50 billion Zimbabwean dollars; A loaf of bread cost the same as 12 brand new cars would have cost ten years previously; Inflation rates reached 231,000,000%;
- Hyperinflation “quickly leads to a complete loss of confidence in the domestic currency and people start opting for other forms of money, as for example physical assets, gold and foreign currency.”
Chapter – ‘Inflation and Business Cycle’, Indian Economy by Ramesh Singh;
Improvisation: http://www.bbc.com/news/business-38128236
-
Question 6 of 6
6. Question
1 pointsCashless transactions are possible in India through which of the following methods/services?
- SBI Buddy
- Unstructured Supplementary Service Data
- Unified Payments Interface
Select the correct answer using the code given below:
Correct
Solution: d.
‘SBI Buddy’ is SBI Bank’s e-wallet. The USSD functionality enables conventional cell phones to be used for money transfers.
Primary Source: http://www.narendramodi.in/category/infographics
—
Improvisation: http://www.thehindu.com/opinion/op-ed/Securing-a-cashless-society/article16723302.ece
—
Incorrect
Solution: d.
‘SBI Buddy’ is SBI Bank’s e-wallet. The USSD functionality enables conventional cell phones to be used for money transfers.
Primary Source: http://www.narendramodi.in/category/infographics
—
Improvisation: http://www.thehindu.com/opinion/op-ed/Securing-a-cashless-society/article16723302.ece
—
Note: Please refresh the page 2-3 times if Quiz button doesn’t respond.
