QUIZ – 2017: Insights Current Affairs Quiz, 02 June 2019
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 2019
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Question 1 of 5
1. Question
1 pointsConsider the following statements regarding Generalized System of Preferences
- It is designed to promote economic development by allowing duty free entry for thousands of products from 120 designated beneficiary countries/territories.
- In 2018, around $ 6.3 billion of Indian merchandise exports to the U.S. were covered by GSP.
- Recently, U.S. President issued a proclamation ending the trade benefits to India effective June 5, 2019.
Which of the statements given above is/are correct?
Correct
Solution: D
All the statements are correct.
A day after a group of journalists was told that India’s access to preferential trade terms under the U.S.’s Generalized System of Preferences (GSP) was on its way out, U.S. President Donald Trump issued a proclamation ending the trade benefits effective June 5.
“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets. Accordingly, it is appropriate to terminate India’s designation as a beneficiary developing country effective June 5, 2019,” Mr. Trump’s proclamation read.
The GSP is a programme that seeks to aid developing countries by giving some of their products nonreciprocal, dutyfree access to U.S. markets. In 2018, some $ 6.3 billion of Indian merchandise exports to the U.S. were covered by GSP, according to the Congressional Research Service.
In News: Trump ends concessions for Indian exports under GSP
Incorrect
Solution: D
All the statements are correct.
A day after a group of journalists was told that India’s access to preferential trade terms under the U.S.’s Generalized System of Preferences (GSP) was on its way out, U.S. President Donald Trump issued a proclamation ending the trade benefits effective June 5.
“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets. Accordingly, it is appropriate to terminate India’s designation as a beneficiary developing country effective June 5, 2019,” Mr. Trump’s proclamation read.
The GSP is a programme that seeks to aid developing countries by giving some of their products nonreciprocal, dutyfree access to U.S. markets. In 2018, some $ 6.3 billion of Indian merchandise exports to the U.S. were covered by GSP, according to the Congressional Research Service.
In News: Trump ends concessions for Indian exports under GSP
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Directorate of Enforcement (ED)
- It is a multi-disciplinary organization mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA).
- The origin of this Directorate goes back to 1st May, 1956, when an ‘Enforcement Unit’ was formed, in Department of Economic Affairs.
- At present, ED works under administrative control of Ministry of Home Affairs.
Which of the statements given above is/are correct?
Correct
Solution: B
Directorate of Enforcement is a multi-disciplinary Organization mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA).
Besides directly recruiting personnel, the Directorate also draws officers from different Investigating Agencies, viz., Customs & Central Excise, Income Tax, Police, etc. on deputation. On 11th March, 2011, after the approval of Government the Directorate underwent a massive restructuring becoming a force of 2067 Officers/Staff from 758, simultaneously raising number of its offices from 21 to 49 across India. However, process is still underway to have a full contingent of work force and to have all the 49 offices functional.
The origin of this Directorate goes back to 1st May, 1956, when an ‘Enforcement Unit’ was formed, in Department of Economic Affairs, for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947 (FERA ’47).
It works under Ministry of Finance.
In News: ED summons Praful on Air India’s route sharing deal with 3 airlines
Incorrect
Solution: B
Directorate of Enforcement is a multi-disciplinary Organization mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA).
Besides directly recruiting personnel, the Directorate also draws officers from different Investigating Agencies, viz., Customs & Central Excise, Income Tax, Police, etc. on deputation. On 11th March, 2011, after the approval of Government the Directorate underwent a massive restructuring becoming a force of 2067 Officers/Staff from 758, simultaneously raising number of its offices from 21 to 49 across India. However, process is still underway to have a full contingent of work force and to have all the 49 offices functional.
The origin of this Directorate goes back to 1st May, 1956, when an ‘Enforcement Unit’ was formed, in Department of Economic Affairs, for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947 (FERA ’47).
It works under Ministry of Finance.
In News: ED summons Praful on Air India’s route sharing deal with 3 airlines
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Kartarpur corridor.
- The corridor will link Dera Baba Nanak shrine in Gurdaspur in Punjab in India with Gurdwara Darbar Sahib at Kartarpur in Pakistan.
- The Kartarpur gurdwara is located in Pakistan’s Narowal district across the Jhelum River.
- The corridor will be thrown open to pilgrims in November, 2019 to mark the 550th birth anniversary of Guru Nanak Dev.
Which of the statements given above is/are correct?
Correct
Solution: C
The Kartarpur gurdwara is located in Pakistan’s Narowal district across the Ravi River. The construction of the Kartarpur corridor on the Indian side will be completed by September 30, said Punjab PWD Minister Vijay Inder Singla on Saturday.
The corridor will link Dera Baba Nanak shrine in Gurdaspur in Punjab in India with Gurdwara Darbar Sahib at Kartarpur in Pakistan.
“The construction of the passage will be accomplished by September 30, well in time before the 550th Parkash Parb (birth anniversary) celebrations of Sikhism founder Guru Nanak Dev,” said Mr. Singla.
The corridor will facilitate passage to the historic gurdwara in Kartarpur, the final resting place of Guru Nanak Dev. The Kartarpur gurdwara is located in Pakistan’s Narowal district across the Ravi, about four kilometres from the Dera Baba Nanak shrine in Punjab in India.
Pakistan will build the corridor up to the Indian border from the gurdwara in Kartarpur.
Incorrect
Solution: C
The Kartarpur gurdwara is located in Pakistan’s Narowal district across the Ravi River. The construction of the Kartarpur corridor on the Indian side will be completed by September 30, said Punjab PWD Minister Vijay Inder Singla on Saturday.
The corridor will link Dera Baba Nanak shrine in Gurdaspur in Punjab in India with Gurdwara Darbar Sahib at Kartarpur in Pakistan.
“The construction of the passage will be accomplished by September 30, well in time before the 550th Parkash Parb (birth anniversary) celebrations of Sikhism founder Guru Nanak Dev,” said Mr. Singla.
The corridor will facilitate passage to the historic gurdwara in Kartarpur, the final resting place of Guru Nanak Dev. The Kartarpur gurdwara is located in Pakistan’s Narowal district across the Ravi, about four kilometres from the Dera Baba Nanak shrine in Punjab in India.
Pakistan will build the corridor up to the Indian border from the gurdwara in Kartarpur.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding National Company Law Tribunal (NCLT)
- National Company Law Tribunal is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
- Decisions of the tribunal may be appealed to the National Company Law Appellate Tribunal, the decisions of which may further be appealed to the Supreme Court of India.
Which of the statements given above is/are correct?
Correct
Solution: C
Both the statements are correct.
In News: NCLT rejects proposal of former EPJL promoters
Incorrect
Solution: C
Both the statements are correct.
In News: NCLT rejects proposal of former EPJL promoters
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Question 5 of 5
5. Question
1 pointsPrestigious 2019 Scripps National Spelling Bee is held in
Correct
Solution: B
Reaffirming the dominance of IndianAmericans, a record seven Indianorigin students were among eight who jointly won the prestigious 2019 Scripps National Spelling Bee, taking home more than $50,000 in cash and prizes in an “unprecedented” competition.
In News: Spelling Bee ends in historic tie
Incorrect
Solution: B
Reaffirming the dominance of IndianAmericans, a record seven Indianorigin students were among eight who jointly won the prestigious 2019 Scripps National Spelling Bee, taking home more than $50,000 in cash and prizes in an “unprecedented” competition.
In News: Spelling Bee ends in historic tie
