Current Affairs Quiz for UPSC IAS Exam - MAY 2017 (PART 1)

Question 1

With reference to India, consider the following statements:
1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.
2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.
Which of the statements given above is/are correct?

Your answerChoice
(a) 1 only
Selected
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Question 2


Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?



 

Your answerChoice
(a) Rouble
(b) Rand
(c) Indian Rupee
Selected
(d) Renminbi
Question 3


Consider the following taxes: [2001]
1. Corporation tax
2. Customs duty
3. Wealth tax
4. Excise duty
Which of these is/are indirect taxes?


Your answerChoice
(a) 1 only
Selected
(b) 2 and 4 only
(c) 1 and 3 only
(d) 2 and 3 only
Question 4


Disguised unemployment generally means..



 

Your answerChoice
(a) large number of people remain unemployed
(b) alternative employment is not available
Selected
(c) marginal productivity of labour is zero
(d) productivity of workers is low
Question 5


Which one of the following is a purpose of  ‘UDAY’,  a scheme of the Government?



 

Your answerChoice
Selected
a) Providing technical and financial assistance to start-up entrepreneurs in the field or renewable source of energy.
b) Providing electricity to every household in the country by 2018
c) Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time
d) Providing for financial turnaround and revival of power distribution companies
Question 6


India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which o f the following has declared that ranking?



 

Your answerChoice
Selected
a) Organization for Economic Cooperation and Development (OECD)
b) World Economic Forum
c) World Bank
d) World Trade Organization (WTO)
Question 7


The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion.
Which of the following statements is/are correct in this context?
1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.
2. Payment Banks can issue both credit cards and debit cards.
3. Payment Banks cannot undertake lending activities.
Select the correct answer using the code given below:


Your answerChoice
Selected
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 only
(d) 1, 2 and 3
Question 8


Consider the following statements regarding International Court Of Justice (ICJ):
1. It is the subsidiary organ of United Nation.
2. English and French are its official languages.
Correct statement(s) is/are:


Your answerChoice
a) 1 only
b) 2 only
c) Both 1 and 2
Selected
d) Neither 1 nor 2
Question 9


Which of the statements are correct regarding International Maritime Organisation?

1. The International Maritime Organization is the United Nations’ specialized agency with responsibility for the safety and security of shipping and the prevention of marine pollution by ships.

2. IMO in 1960 adopted the International Convention on Safety of Life at Sea (SOLAS) to improve the safety of shipping.


 

Your answerChoice
a) 1 Only
b) 2 Only
Selected
c) Both 1 and 2
d) Neither 1 nor 2
Question 10


Consider the following statements:
1. The Group of Seven (G7) is an informal bloc of industrialized democracies — Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
2. It was originally a G-6 group later joined by Canada.
Which of the statements given above is/are correct?



 

Your answerChoice
a) 1 Only
b) 2 Only
c) Both 1 and 2
Selected
d) Neither 1 nor 2
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