Insights Current Affairs Quiz (2016) – 08
09 January 2016
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 2016. 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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INSIGHTS CURRENT EVENTS QUIZ 2016
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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.
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Question 1 of 5
1. Question
1 pointsConsider the following statements with regard to the Deputy Governor of the Reserve Bank of India (RBI):
- Each time she is appointed, it can be for a maximum period of three years
- RBI has four deputy governors
Which of the statements above is/are correct?
Correct
Ans: b.
“A Deputy Governor of RBI can be appointed for a period of five years or till the age of 62, whichever is earlier.”
“RBI has four Deputy Governors; two are from outside, a commercial banker and an economist while two others are promoted from within its ranks.”
http://www.thehindu.com/business/Economy/rbi-dy-governor-patel-gets-second-term/article8082770.ece
Incorrect
Ans: b.
“A Deputy Governor of RBI can be appointed for a period of five years or till the age of 62, whichever is earlier.”
“RBI has four Deputy Governors; two are from outside, a commercial banker and an economist while two others are promoted from within its ranks.”
http://www.thehindu.com/business/Economy/rbi-dy-governor-patel-gets-second-term/article8082770.ece
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Question 2 of 5
2. Question
1 pointsIn the context of the trade relationship between India and China, which of the following statements is/are incorrect?
- A decline in the value of China’s currency against the dollar could expand India’s trade deficit with China
- India’s shipments to China are being stalled by the latter using phytosanitary stipulations and other such tariff barriers
Select the correct answer using codes given below:
Correct
Ans: b.
“India’s shipments to China are being stalled by the latter using non-tariff barriers such as phytosanitary stipulations and standardisation measures.”
“The decline in the value of China’s currency against the dollar is a worrying development as it may lead to a sharp increase in cheap imports hurting several Indian industries. The depreciation of the yuan may expand the country’s trade deficit”, Commerce and Industry Minister Nirmala Sitharaman said.
Incorrect
Ans: b.
“India’s shipments to China are being stalled by the latter using non-tariff barriers such as phytosanitary stipulations and standardisation measures.”
“The decline in the value of China’s currency against the dollar is a worrying development as it may lead to a sharp increase in cheap imports hurting several Indian industries. The depreciation of the yuan may expand the country’s trade deficit”, Commerce and Industry Minister Nirmala Sitharaman said.
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Question 3 of 5
3. Question
1 pointsWhich of the following can be classified as non-tariff barriers?
- Quality standards on Information Technology products
- Antidumping duty on steel
- Phytosanitary stipulations
- Complex regulatory environment
Select the correct answer using codes given below:
Correct
Ans: d.
Non-tariff barriers to trade include import quotas, special licenses, unreasonable standards for the quality of goods, bureaucratic delays at customs, export restrictions, limiting the activities of state trading, export subsidies, countervailing duties, technical barriers to trade, sanitary and phyto-sanitary measures, rules of origin, etc.
“India’s shipments to China are being stalled by the latter using non-tariff barriers such as phytosanitary stipulations and standardisation measures.”
Incorrect
Ans: d.
Non-tariff barriers to trade include import quotas, special licenses, unreasonable standards for the quality of goods, bureaucratic delays at customs, export restrictions, limiting the activities of state trading, export subsidies, countervailing duties, technical barriers to trade, sanitary and phyto-sanitary measures, rules of origin, etc.
“India’s shipments to China are being stalled by the latter using non-tariff barriers such as phytosanitary stipulations and standardisation measures.”
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Question 4 of 5
4. Question
1 pointsThe Mysuru-based Central Food Technological Research Institute (CFTRI) is teaming up with hospitals to conduct human clinical trials on an “anti-obesity” cooking oil it has developed. In this context, which of the following statements is/are correct?
- Triglycerides is a class of fats that is associated with heart disease
- Diglycerides is believed to provide as much energy as triglycerides, but is not stored as fat
- Consumption of food cooked with the “anti-obesity” oil will make a person thin
Select the correct answer using codes given below:
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Question 5 of 5
5. Question
1 pointsWith regard to Homeopathy – an alternative medicine, which of the following statements is/are correct?
- It is of European origin
- It shares many common principles with Ayurveda
- Preparation of remedies involve grinding insoluble compounds with a mortar and pestle according to prescribed motions
Select the correct answer using codes given below:
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