QUIZ – 2017: Insights Current Affairs Quiz – 26 DECEMBER 2017
QUIZ – 2017: Insights Current Affairs Quiz
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 2018. 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 2017
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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.
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Question 1 of 5
1. Question
1 pointsThe Multilateral Investment Guarantee Agency of the World Bank Group
- Finances cross-border investments into developing countries
- Promotes foreign direct investment into developing countries
Select the correct answer using the code given below:
Correct
Solution: b.
MIGA’s mission is to promote foreign direct investment (FDI) into developing countries to help support economic growth, reduce poverty, and improve people’s lives.
MIGA provides non-commercial guarantees (insurance) for cross-border investments into developing countries. MIGA’s guarantees protect investors against the risks of transfer restriction (including inconvertibility), expropriation, war and civil disturbance, breach of contract, and non-honoring of financial obligations. MIGA is an insurer, not a lender (it does NOT finance projects).
Additional Information:
- MIGA’s guarantees can trigger about five times as much in FDI, says its CEO.
- The World Bank Group consists of five organizations:
- The International Bank for Reconstruction and Development
- The International Development Association
- The International Finance Corporation
- The Multilateral Investment Guarantee Agency
- The International Centre for Settlement of Investment Disputes
https://www.miga.org/who-we-are/frequently-asked-questions/;
Source/Improvisation: http://www.thehindu.com/business/can-commit-2-bn-in-guarantees-for-india/article22277388.ece;
Incorrect
Solution: b.
MIGA’s mission is to promote foreign direct investment (FDI) into developing countries to help support economic growth, reduce poverty, and improve people’s lives.
MIGA provides non-commercial guarantees (insurance) for cross-border investments into developing countries. MIGA’s guarantees protect investors against the risks of transfer restriction (including inconvertibility), expropriation, war and civil disturbance, breach of contract, and non-honoring of financial obligations. MIGA is an insurer, not a lender (it does NOT finance projects).
Additional Information:
- MIGA’s guarantees can trigger about five times as much in FDI, says its CEO.
- The World Bank Group consists of five organizations:
- The International Bank for Reconstruction and Development
- The International Development Association
- The International Finance Corporation
- The Multilateral Investment Guarantee Agency
- The International Centre for Settlement of Investment Disputes
https://www.miga.org/who-we-are/frequently-asked-questions/;
Source/Improvisation: http://www.thehindu.com/business/can-commit-2-bn-in-guarantees-for-india/article22277388.ece;
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Question 2 of 5
2. Question
1 pointsAdherence to the letter and spirit of the ‘Astana consensus’ will ensure that
Correct
Solution: d.
Both sides agree that progress in bilateral relations should be guided by the Astana consensus which is that (i) at a time of global uncertainty, India-China relations are a factor of stability and (ii) India and China, in their relationship, must not allow differences to become disputes.
http://mea.gov.in/rajya-sabha.htm?dtl/28739/QUESTION+NO1287+REVIEW+OF+INDIAS+RELATION+WITH+CHINA;
Improvisation: http://www.thehindu.com/opinion/editorial/on-the-line/article22277318.ece;
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Incorrect
Solution: d.
Both sides agree that progress in bilateral relations should be guided by the Astana consensus which is that (i) at a time of global uncertainty, India-China relations are a factor of stability and (ii) India and China, in their relationship, must not allow differences to become disputes.
http://mea.gov.in/rajya-sabha.htm?dtl/28739/QUESTION+NO1287+REVIEW+OF+INDIAS+RELATION+WITH+CHINA;
Improvisation: http://www.thehindu.com/opinion/editorial/on-the-line/article22277318.ece;
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Question 3 of 5
3. Question
1 pointsConsider the following statements:
1.In the context of South Asia, India is a neighbour to all countries though none of the others actually share borders
2.India is not one of the founding members of SAARC
Which of the statements given above is/are correct?
Correct
Solution: d.
In the context of South Asia, India has a certain added responsibility because India is a neighbour to all though none of the others actually share borders – except Myanmar and Bangladesh.
As a founding member of the South Asian Association for Regional Cooperation (SAARC) and as part of its ‘Neighbourhood First’ policy, deepening engagement with the countries of South Asia is a main priority for India.
http://mea.gov.in/india-and-neighbours.htm;
Improvisation: http://www.thehindu.com/news/national/parliament-panel-questions-centre-on-neighbourhood-first-policy/article22276888.ece;
Incorrect
Solution: d.
In the context of South Asia, India has a certain added responsibility because India is a neighbour to all though none of the others actually share borders – except Myanmar and Bangladesh.
As a founding member of the South Asian Association for Regional Cooperation (SAARC) and as part of its ‘Neighbourhood First’ policy, deepening engagement with the countries of South Asia is a main priority for India.
http://mea.gov.in/india-and-neighbours.htm;
Improvisation: http://www.thehindu.com/news/national/parliament-panel-questions-centre-on-neighbourhood-first-policy/article22276888.ece;
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Question 4 of 5
4. Question
1 pointsThe WTO General Council
1.Is the WTO’s highest-level decision-making body
2.Has representatives from all member governments
3.Convenes as the WTO Dispute Settlement Body
Select the correct answer using the code given below:
Correct
Solution: d.
Self-explanatory statements.
Additional Information: Settling disputes is the responsibility of the Dispute Settlement Body (the General Council in another guise), which consists of all WTO members. The Dispute Settlement Body has the sole authority to establish “panels” of experts to consider the case, and to accept or reject the panels’ findings or the results of an appeal. It monitors the implementation of the rulings and recommendations, and has the power to authorize retaliation when a country does not comply with a ruling.
https://www.wto.org/english/tratop_e/dispu_e/dispu_body_e.htm;
https://www.wto.org/english/thewto_e/whatis_e/tif_e/disp1_e.htm;
https://www.wto.org/english/thewto_e/gcounc_e/gcounc_e.htm;
Improvisation: http://www.thehindu.com/opinion/op-ed/the-rise-and-fall-of-the-wto/article22277345.ece;
Incorrect
Solution: d.
Self-explanatory statements.
Additional Information: Settling disputes is the responsibility of the Dispute Settlement Body (the General Council in another guise), which consists of all WTO members. The Dispute Settlement Body has the sole authority to establish “panels” of experts to consider the case, and to accept or reject the panels’ findings or the results of an appeal. It monitors the implementation of the rulings and recommendations, and has the power to authorize retaliation when a country does not comply with a ruling.
https://www.wto.org/english/tratop_e/dispu_e/dispu_body_e.htm;
https://www.wto.org/english/thewto_e/whatis_e/tif_e/disp1_e.htm;
https://www.wto.org/english/thewto_e/gcounc_e/gcounc_e.htm;
Improvisation: http://www.thehindu.com/opinion/op-ed/the-rise-and-fall-of-the-wto/article22277345.ece;
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Question 5 of 5
5. Question
1 pointsConsider the following statements:
1.All countries of Asia became members of the WTO in 1995
2.Issues such as investment facilitation and e-commerce have been a part of WTO negotiations since the launch of the Doha Development Agenda
Which of the statements given above is/are correct?
Correct
Solution: d.
Statement 1 is wrong, as China has been a member of the WTO since 2001.
Investment facilitation and e-commerce among others are new issues being brought under WTO negotiations.
http://www.thehindu.com/opinion/op-ed/the-rise-and-fall-of-the-wto/article22277345.ece;
Incorrect
Solution: d.
Statement 1 is wrong, as China has been a member of the WTO since 2001.
Investment facilitation and e-commerce among others are new issues being brought under WTO negotiations.
http://www.thehindu.com/opinion/op-ed/the-rise-and-fall-of-the-wto/article22277345.ece;
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