QUIZ – 2017: Insights Current Affairs Quiz, 02 October 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 Index of Eight Core Industries.
- The Eight Core Industries comprise 50 per cent of the weight of items included in the Index of Industrial Production (IIP).
- Refinery Products has the maximum weight in Index of Eight Core Industries.
- The growth of the Eight Core Industries has been declining steadily since 2015.
Which of the above statements is/are correct?
Correct
Solution: c)
The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Petroleum Refinery production (weight: 28.04 per cent).
Growth in the eight core sectors in August slumped to the lowest in four years and four months. That is, the -0.5% registered in August 2019 was the lowest since April 2015.
Incorrect
Solution: c)
The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Petroleum Refinery production (weight: 28.04 per cent).
Growth in the eight core sectors in August slumped to the lowest in four years and four months. That is, the -0.5% registered in August 2019 was the lowest since April 2015.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).
- CITES is legally binding on state parties to the convention, which are obliged to adopt their own domestic legislation to implement its goals.
- It is administered by IUCN.
- Trade is not permittable for the species covered under Appendix I of CITES.
Which of the above statements is/are incorrect?
Correct
Solution: d)
CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) is an international agreement between governments. Its aim is to ensure that international trade in specimens of wild animals and plants does not threaten their survival.
- It was signed on March 3, 1973 (Hence world wildlife day is celebrated on march 3).
- It is administered by the United Nations Environment Programme (UNEP).
- Secretariat— Geneva (Switzerland).
- CITES is legally binding on state parties to the convention, which are obliged to adopt their own domestic legislation to implement its goals.
The species covered by CITES are listed in three Appendices, according to the degree of protection they need.
Appendix I includes species threatened with extinction. Trade in specimens of these species is permitted only in exceptional circumstances.
Appendix II includes species not necessarily threatened with extinction, but in which trade must be controlled in order to avoid utilization incompatible with their survival.
Appendix III contains species that are protected in at least one country, which has asked other CITES Parties for assistance in controlling the trade.
Incorrect
Solution: d)
CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) is an international agreement between governments. Its aim is to ensure that international trade in specimens of wild animals and plants does not threaten their survival.
- It was signed on March 3, 1973 (Hence world wildlife day is celebrated on march 3).
- It is administered by the United Nations Environment Programme (UNEP).
- Secretariat— Geneva (Switzerland).
- CITES is legally binding on state parties to the convention, which are obliged to adopt their own domestic legislation to implement its goals.
The species covered by CITES are listed in three Appendices, according to the degree of protection they need.
Appendix I includes species threatened with extinction. Trade in specimens of these species is permitted only in exceptional circumstances.
Appendix II includes species not necessarily threatened with extinction, but in which trade must be controlled in order to avoid utilization incompatible with their survival.
Appendix III contains species that are protected in at least one country, which has asked other CITES Parties for assistance in controlling the trade.
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding World Trade Organization (WTO).
- The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
2. WTO can cut the cost of doing business internationally.
3. All the African countries are the members of WTO.
Which of the above statements is/are correct?
Correct
Solution: c)
The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. It is the largest international economic organization in the world.
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
The WTO can …
1 … cut living costs and raise living standards
2 … settle disputes and reduce trade tensions
3 … stimulate economic growth and employment
4 … cut the cost of doing business internationally
5 … encourage good governance
6 … help countries develop
7 … give the weak a stronger voice
8 … support the environment and health
9 … contribute to peace and stability
10 … be effective without hitting the headlines
Members
Members, dually represented by the EU
Observers
Non-participant states
Incorrect
Solution: c)
The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. It is the largest international economic organization in the world.
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
The WTO can …
1 … cut living costs and raise living standards
2 … settle disputes and reduce trade tensions
3 … stimulate economic growth and employment
4 … cut the cost of doing business internationally
5 … encourage good governance
6 … help countries develop
7 … give the weak a stronger voice
8 … support the environment and health
9 … contribute to peace and stability
10 … be effective without hitting the headlinesMembers
Members, dually represented by the EU
Observers
Non-participant states
-
Question 4 of 5
4. Question
1 pointsConsider the following statements about domestic systemically important bank (D-SIB).
- RBI declares only Public Sector Banks as domestic systemically important bank.
- Banks become systemically important due to their size, cross-jurisdictional activities and interconnection.
- Banks whose assets exceed 2% of GDP are considered part of this group.
Which of the above statements is/are correct?
Correct
Solution: c)
SBI, ICICI and HDFC remain Systemically Important Banks.
D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2% of GDP are considered part of this group. The RBI stated that should such a bank fail, there would be significant disruption to the essential services they provide to the banking system and the overall economy.
Incorrect
Solution: c)
SBI, ICICI and HDFC remain Systemically Important Banks.
D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2% of GDP are considered part of this group. The RBI stated that should such a bank fail, there would be significant disruption to the essential services they provide to the banking system and the overall economy.
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Question 5 of 5
5. Question
1 pointsIntegrated Tiger Habitat Conservation Programme (ITHCP) aims to
- Protecting tiger species and their prey from the threat of poaching.
- Preserving tiger habitats, including core habitats, buffer zones and corridors.
- Supporting human populations living in tiger landscapes.
Which of the above statements is/are correct?
Correct
Solution: d)
Initiated in 2014, the Integrated Tiger Habitat Conservation Programme (ITHCP) or ‘Tiger Programme‘ is a grant-making initiative which contributes to the Global Tiger Recovery Programme (GTRP), a global effort to double tiger numbers in the wild by 2022. The programme consists of a portfolio of 12 large-scale projects in key Tiger Conservation Landscapes across Bangladesh, Bhutan, India, Indonesia, Nepal and Myanmar.
The Tiger Programme is based on three pillars:
- Protecting tiger species and their prey from the threat of poaching;
- Preserving tiger habitats, including core habitats, buffer zones and corridors;
- Supporting human populations living in tiger landscapes.
Incorrect
Solution: d)
Initiated in 2014, the Integrated Tiger Habitat Conservation Programme (ITHCP) or ‘Tiger Programme‘ is a grant-making initiative which contributes to the Global Tiger Recovery Programme (GTRP), a global effort to double tiger numbers in the wild by 2022. The programme consists of a portfolio of 12 large-scale projects in key Tiger Conservation Landscapes across Bangladesh, Bhutan, India, Indonesia, Nepal and Myanmar.
The Tiger Programme is based on three pillars:
- Protecting tiger species and their prey from the threat of poaching;
- Preserving tiger habitats, including core habitats, buffer zones and corridors;
- Supporting human populations living in tiger landscapes.
