QUIZ – 2017: Insights Current Affairs Quiz, 19 September 2018
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.
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0 of 5 questions completed Questions: 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.INSIGHTS CURRENT EVENTS QUIZ 2017
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Question 1 of 5
1. Question
1 pointsConsider the following statements about Masala bonds, recently in the news:
- These are issued by Indian firms in dollar denomination to attract funds from abroad so as to bypass the problem of volatility of the Indian rupee.
- The International Finance Corporation was the first to issue a ‘Green Masala Bond’, meant to address climate change in India.
Which of the statements given above is/are correct?
Correct
Solution: b.
August, 2015 (IFC) – IFC issued a 5-year green Masala bond on the London Stock Exchange, the first green bond issued in the offshore rupee markets. The bond raised 3.15 billion rupees for private sector investments that address climate change in India. The IFC green Masala bond is issued under IFC’s $3 billion offshore rupee Masala bond program.
Masala bonds are the bond which are issued by the Indian firms (in rupee denomination) to foreign investors with an aim to attract funds for projects. The Indian firms have since long availed loans in international credit markets in different foreign currencies. However, a risk is always attached with such borrowings including risk of having to pay more while repaying its debt, or while servicing the interest on such borrowings if the rupee weakened.
The demand for masala bonds from offshore investors is generally driven by the stability of the rupee. In an environment where the rupee is under pressure, the foreign investor are unlikely to increase portfolio of rupee-denominated assets.
When masala bonds are issued in the foreign markets, the risk gets transferred to the investors who subscribe to them, taking into account the growth prospects of the country and the issuing company as well as the strength of the rupee. From the issuer’s perspective, it means cheaper borrowings compared to raising funds in India besides diversifying its sources of fund-raising.
In the news: TH;
Incorrect
Solution: b.
August, 2015 (IFC) – IFC issued a 5-year green Masala bond on the London Stock Exchange, the first green bond issued in the offshore rupee markets. The bond raised 3.15 billion rupees for private sector investments that address climate change in India. The IFC green Masala bond is issued under IFC’s $3 billion offshore rupee Masala bond program.
Masala bonds are the bond which are issued by the Indian firms (in rupee denomination) to foreign investors with an aim to attract funds for projects. The Indian firms have since long availed loans in international credit markets in different foreign currencies. However, a risk is always attached with such borrowings including risk of having to pay more while repaying its debt, or while servicing the interest on such borrowings if the rupee weakened.
The demand for masala bonds from offshore investors is generally driven by the stability of the rupee. In an environment where the rupee is under pressure, the foreign investor are unlikely to increase portfolio of rupee-denominated assets.
When masala bonds are issued in the foreign markets, the risk gets transferred to the investors who subscribe to them, taking into account the growth prospects of the country and the issuing company as well as the strength of the rupee. From the issuer’s perspective, it means cheaper borrowings compared to raising funds in India besides diversifying its sources of fund-raising.
In the news: TH;
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Question 2 of 5
2. Question
1 pointsThe current account records
1.Exports and imports in both goods and services.
- All international purchases and sales of stocks and bonds.
- Transfer payments.
Select the correct answer using the code given below:
Correct
Solution: d.
- The current account records exports and imports in goods and services and transfer payments.
- The capital account records all international purchases and sales of assets such as money, stocks, bonds, etc.
NCERT: Introductory macroeconomics, Pg.78
In the news: Current Account Deficit issue
Incorrect
Solution: d.
- The current account records exports and imports in goods and services and transfer payments.
- The capital account records all international purchases and sales of assets such as money, stocks, bonds, etc.
NCERT: Introductory macroeconomics, Pg.78
In the news: Current Account Deficit issue
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Question 3 of 5
3. Question
1 pointsWith reference to the NITI Aayog report on the Composite Water Management Index, consider the following statements:
1.Nearly all of India’s population faces high levels of water stress.
2.Cities, including Delhi and Bangalore are soon going to run out of groundwater.
- If unaddressed, the water crisis will cause upto a 6% loss in the country’s GDP by 2050.
Select the correct answer using the code given below:
Correct
Solution: b.
From June 2018 (TH): NITI Aayog released the results of a study warning that India is facing its ‘worst’ water crisis in history and that demand for potable water will outstrip supply by 2030 if steps are not taken.
Nearly 600 million Indians faced high to extreme water stress and about 2,00,000 people died every year due to inadequate access to safe water. Twenty-one cities, including Delhi, Bengaluru, Chennai and Hyderabad will run out of groundwater by 2020, affecting 100 million people, the study noted. If matters are to continue, there will be a 6% loss in the country’s Gross Domestic Product (GDP) by 2050, the report says.
Source/improvisation: TH;
—
Incorrect
Solution: b.
From June 2018 (TH): NITI Aayog released the results of a study warning that India is facing its ‘worst’ water crisis in history and that demand for potable water will outstrip supply by 2030 if steps are not taken.
Nearly 600 million Indians faced high to extreme water stress and about 2,00,000 people died every year due to inadequate access to safe water. Twenty-one cities, including Delhi, Bengaluru, Chennai and Hyderabad will run out of groundwater by 2020, affecting 100 million people, the study noted. If matters are to continue, there will be a 6% loss in the country’s Gross Domestic Product (GDP) by 2050, the report says.
Source/improvisation: TH;
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Question 4 of 5
4. Question
1 pointsWith which one of the following neighbours is the length of our land borders the least?
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Question 5 of 5
5. Question
1 pointsThe world’s first ‘State of the World’s Fungi Report’ was published recently by
