Weekly Current Affairs Quiz 2017: Jan 29 - Feb 04

Question 1: Consider the following statements:

1] Recently, India Post received payments bank licence from the Reserve Bank of India to start rollout of banking operations commercially under the permit.

2] India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.

Which of the above statements is/are correct?

Question 2: Consider the following statements:

1] ‘TROPEX’ is the Indian Navy’s Annual Theatre Readiness Operational Exercise.

 2] TROPEX 17 is aimed at testing combat readiness of the combined fleets of the Indian Navy, and the assets of the Indian Air Force, Indian Army and the Indian Coast Guard. It will also strengthen inter-operability and joint operations in a complex environment.

Which of the above statements is/are correct?

Question 3:  Consider the following statements, with respect to the ‘India Pharma & India Medical Device 2017’, which was recently in the news:

1] The Vision of the ‘India Pharma & India Medical Device 2017’ is ‘For Responsible Healthcare’.

2] The International event would not only provide a platform to tap global potential for the Indian Pharmaceutical and Medical Device sector, but also provide an opportunity to project India as an attractive investment destination for this sector and bring in foreign investment to new areas such as Research & Developments, Clinical Trials by promoting Joint Ventures with the Indian Manufacturers and bringing in best practices in the sector from around the world.

3] This year the ‘India Pharma & Medical Device 2017’ Conference is based around the Themes: Medical Devices- ‘Shaping the Future-Making the Right Choices’ and Pharma -‘Shaping the future of India Pharma’.

Which of the above statements is/are correct?

Question 4:  Which of the following organizations releases the ‘Global Leprosy Report’?

Question 5: Consider the following statements:

1] The Strait of Gibraltar is a narrow strait that connects the Atlantic Ocean to the Mediterranean Sea.

2] The Strait has been identified as an Important Bird Area by BirdLife International because hundreds of thousands of seabirds use it every year to pass between the Mediterranean and the Atlantic.

Which of the above statements is/are correct?

Question 6: Consider the following statements:

1. NAVIC system consists of a constellation of 4 satellites in Geostationary orbit (GEO), 3 satellites in Geosynchronous orbit (GSO).
2. It will be used to provide accurate real-time positioning and timing services over India and the region extending to 1,500 kilometres around India.

Which of the above statements is/are correct?

Question 7:   Consider the following statements:

1. India is the only country in the world producing all the four known commercial varieties of silk.
2. About 80% of the silk produced in the country is of mulberry silk, majority of which is produced in the southern states.

 Which of the above statements is/are not correct?

Question 8:  Consider the following statements related to Oil spill:

1. As oil spill, it floats on water and prevents sunlight to pass through it. The shiny substance that you see sometimes on top layer of water is nothing but oil which makes it difficult for plants to survive.
2. Oil Spills make the water deficient in oxygen. This causes problem for the marine animals. 

 Which of the above statements is/are correct?

Question 9: The Amended Technology Up gradation Fund Scheme (ATUFS) aims to give a boost to _________.

Question 10:  The first port in the country to implement logistics data tagging of containers with the help of RFID – Radio frequency Identification tag is _________.

Question 11:  Consider the following statements:

1] Recently, India Post received payments bank licence from the Reserve Bank of India to start rollout of banking operations commercially under the permit.

2] India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.

Which of the above statements is/are correct?

Question 12: Consider the following statements:

1] ‘TROPEX’ is the Indian Navy’s Annual Theatre Readiness Operational Exercise.

 2] TROPEX 17 is aimed at testing combat readiness of the combined fleets of the Indian Navy, and the assets of the Indian Air Force, Indian Army and the Indian Coast Guard. It will also strengthen inter-operability and joint operations in a complex environment.

Which of the above statements is/are correct?

Question 13:  Consider the following statements, with respect to the ‘India Pharma & India Medical Device 2017’, which was recently in the news:

1] The Vision of the ‘India Pharma & India Medical Device 2017’ is ‘For Responsible Healthcare’.

2] The International event would not only provide a platform to tap global potential for the Indian Pharmaceutical and Medical Device sector, but also provide an opportunity to project India as an attractive investment destination for this sector and bring in foreign investment to new areas such as Research & Developments, Clinical Trials by promoting Joint Ventures with the Indian Manufacturers and bringing in best practices in the sector from around the world.

3] This year the ‘India Pharma & Medical Device 2017’ Conference is based around the Themes: Medical Devices- ‘Shaping the Future-Making the Right Choices’ and Pharma -‘Shaping the future of India Pharma’.

Which of the above statements is/are correct?

Question 14: Consider the following statements:

1] The Strait of Gibraltar is a narrow strait that connects the Atlantic Ocean to the Mediterranean Sea.

2] The Strait has been identified as an Important Bird Area by BirdLife International because hundreds of thousands of seabirds use it every year to pass between the Mediterranean and the Atlantic.

Which of the above statements is/are correct?

Question 15:  Consider the following statements:

1] Hatiya is situated on the estuary of the River Meghna and is a nine-hour journey away from the camps where the Rohingya have taken shelter.

2] The Rohingya people are Muslim Indo-Aryan peoples from the Rakhine State, Myanmar.

Which of the above statements is/are correct?

Question 16:  Consider the following statements:

1] Redistributive Resource Transfer or RRT to a state (from the Centre) is defined as gross devolution to the state adjusted for the respective state’s share in aggregate GDP.

2] The Economic Survey pointed out that there has been an improvement in the financial position of the States over the last few years. 

Which of the above statements is/are incorrect?

Question 17: Consider the following statements:
1] The Economic Survey 2016-17 tabled in Parliament by the Union Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty.

2] The Survey points out that the two prerequisites for a successful UBI are: (a) functional JAM (Jan Dhan, Aadhar and Mobile) system as it ensures that the cash transfer goes directly into the account of a beneficiary and (b) Centre-State negotiations on cost sharing for the programme.

Which of the above statements is/are correct?

Question 18: If a government is unable to pass the budget in Lok Sabha, what happens then?

Question 19: Consider the following statements:

1] The ‘Annual Financial Statement’, laid before both the Houses of Parliament constitutes the Budget of the Union Government.

2] Article 265 provides that ‘no tax shall be levied or collected except by authority of law’

Which of the above statements is/are correct?

Question 20:  With reference to Balance of Payments, which of the following constitute/constitutes the Current Account? 

1. Balance of trade
2. Foreign assets 
3. Balance of invisibles
4. Special Drawing Rights

Select the correct answer using the code given below.

Question 21: The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to ____________.

Question 22: Consider the following statements:

1] The “Acworth Report”, led to reorganization of Indian Railways; thus separating the railway finances of India from the general government finances.
2] India’s first Finance Minister, Sir R.K. Shanmugham Chetty, presented the first Finance Budget of independent India on November 26, 1947.

Which of the above statements is/are correct?

Question 23: Consider the following statements:

1] Foreign direct investment (FDI) is an investment in a business by an investor from another country for which the foreign investor has control over the company purchased. 
2] A foreign institutional investor (FII) is an investor or investment fund registered in a country outside of the one in which it is investing. Institutional investors most notably include hedge funds, insurance companies, pension funds and mutual funds.

Which of the above statements is/are correct?

Question 24: Consider the following statements:

1] The ‘Annual Financial Statement’, laid before both the Houses of Parliament constitutes the Budget of the Union Government.
2] Article 265 provides that ‘no tax shall be levied or collected except by authority of law’

Which of the above statements is/are correct?

Question 25: Consider the following statements regarding “TEQIP III” which was recently in the news:

1] The objective of the Program is to enhance quality and equity in participating Engineering Education Institutes and improve the efficiency of the Engineering Education System in Uttarakhand, Himachal Pradesh, Bihar, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Rajasthan, 8 North Eastern States and Andaman & Nicobar Islands.
2] The Project has two main components, (i) Improving quality and equity in engineering institutes in those states; and (ii) System-level initiatives to strengthen sector governance and performance.

Which of the above statements is/are correct?

Question 26:   Consider the following statements:

1] The Global Innovation Index (GII) is co-published by World-Intellectual Property Organization (WIPO), Cornell University and INSEAD with CII as a Knowledge Partner.
2] India currently ranks 86th out of 128 countries on the Global innovation Index (GII) 2016.

Which of the above statements is/are correct?

Question 27: Consider the following statements:

1] The recently launched “India Innovation Index” will rank states on Innovations through the country’s first online innovation index portal that will capture data on innovation from all Indian states on innovation and regularly update it in real time.
2] The India Innovation Index Framework will be structured based on the best practices followed in Global Innovation Index (GII) indicators and additionally by adding India-centric parameters those truly reflect the Indian innovation ecosystem.

Which of the above statements is/are correct?

Question 28: Consider the following statements:

1] The Government e-market place is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.
2] The Government e-market place which is now functional for procurement of goods and services, has been selected as one of the winners of the South Asia Procurement Innovation Awards of the World Bank.

Which of the above statements is/are correct?

Question 29: The “World Intellectual Property Report (WIPR)” is published by which of the following organizations?

Question 30: Consider the following statements:

1] Under the Citizenship Act of 1955, an applicant for citizenship requires to have resided in India for the last 12 months and for 11 years.
2] The Citizenship Amendment Bill 2016 relaxes this 11-year requirement to six years for persons who are Hindus, Sikhs, Buddhists, Jains, Parsis and Christians fleeing religious persecution from Afghanistan, Pakistan and Bangladesh.

Which of the above statements is/are correct?

Question 31: Consider the following statements:

1] The Convention on the Conservation of Migratory Species of Wild Animals is the only global convention specializing in the conservation of migratory species, their habitats and migration routes.
2] The Convention on the Conservation of Migratory Species of Wild Animals is an environmental treaty under the aegis of the United Nations Environment Programme.

Which of the above statements is/are incorrect?

Question 32: Consider the following statements:

1] The neighboring countries of Saudi Arabia are Jordan, Iraq, Kuwait, Qatar, the United Arab Emirates, the Sultanate of Oman,Yemen, and Bahrain.
2] Saudi Arabia is a member of the Gulf Cooperation Council.  

Which of the above statements is/are incorrect?

Question 33: The “Gulf of Aqaba” is located in which of the following regions?

Question 34: Consider the following statements:

1] Iran is one of the largest importers of Basmati rice from India.
2] Confectionery, Biscuits and Bakery Products are among the scheduled products for which APEDA (Agricultural and Processed Food Products Export Development Authority) is mandated with the responsibility of export promotion and development.

Which of the above statements is/are correct?