QUIZ – 2016: Insights Current Affairs Quiz – 24 December, 2016
QUIZ – 2016: 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 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 pointsWhich of the following constitute what is known internationally as the ‘Big Three’ among Credit Rating Agencies?
- Standard & Poor’s
- Moody’s
- CARE Ratings
- ARC Ratings
Select the correct answer using the code given below:
Correct
Solution: b.
The ‘Big Three’ are
- Standard & Poor’s
- Moody’s
- Fitch Group
Improvisation: TH: How India lobbied Moody’s for ratings upgrade;
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Incorrect
Solution: b.
The ‘Big Three’ are
- Standard & Poor’s
- Moody’s
- Fitch Group
Improvisation: TH: How India lobbied Moody’s for ratings upgrade;
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Question 2 of 5
2. Question
1 pointsJapan recently has dragged India to the World Trade Organisation against certain measures taken by the latter on imports of iron and steel products. Under the WTO, which of the following constitutes the first stage in a typical Dispute Settlement Case?
Correct
Solution: a.
- The preferred objective of the Dispute Settlement Understanding is for the Members concerned to settle the dispute between themselves in a manner that is consistent with the WTO Agreement. Accordingly, bilateral consultations between the parties are the first stage of formal dispute settlement. They give the parties an opportunity to discuss the matter and to find a satisfactory solution without resorting to litigation.
- Only after such mandatory consultations have failed to produce a satisfactory solution within 60 days may the complainant request adjudication by a panel.
- “A majority of disputes so far in the WTO have not proceeded beyond consultations, either because a satisfactory settlement was found, or because the complainant decided for other reasons not to pursue the matter further. This shows that consultations are often an effective means of dispute resolution in the WTO and that the instruments of adjudication and enforcement in the dispute settlement system are by no means always necessary.”
WTO: Steps in a Dispute Settlement Case;
TH: Japan drags India to WTO against steps on iron, steel imports;
Incorrect
Solution: a.
- The preferred objective of the Dispute Settlement Understanding is for the Members concerned to settle the dispute between themselves in a manner that is consistent with the WTO Agreement. Accordingly, bilateral consultations between the parties are the first stage of formal dispute settlement. They give the parties an opportunity to discuss the matter and to find a satisfactory solution without resorting to litigation.
- Only after such mandatory consultations have failed to produce a satisfactory solution within 60 days may the complainant request adjudication by a panel.
- “A majority of disputes so far in the WTO have not proceeded beyond consultations, either because a satisfactory settlement was found, or because the complainant decided for other reasons not to pursue the matter further. This shows that consultations are often an effective means of dispute resolution in the WTO and that the instruments of adjudication and enforcement in the dispute settlement system are by no means always necessary.”
WTO: Steps in a Dispute Settlement Case;
TH: Japan drags India to WTO against steps on iron, steel imports;
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Question 3 of 5
3. Question
1 points‘Malta’, sometimes seen in the news, is located in
Correct
Solution: c.
- Malta is a Southern European island country consisting of an archipelago in the Mediterranean Sea. It is located south of the Italian island of Sicily.
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Improvisation: TH: Plane hijackers sought asylum in Malta
While it appeared in the news recently due to a plane-hijacking incident, it has also been in the news as it has become a major destination for Europe-bound migrants/refugees.
Incorrect
Solution: c.
- Malta is a Southern European island country consisting of an archipelago in the Mediterranean Sea. It is located south of the Italian island of Sicily.
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Improvisation: TH: Plane hijackers sought asylum in Malta
While it appeared in the news recently due to a plane-hijacking incident, it has also been in the news as it has become a major destination for Europe-bound migrants/refugees.
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Question 4 of 5
4. Question
1 pointsWhich one of the following ordinances was promulgated recently for the fifth time?
Correct
Solution: d.
“The ordinance to amend the 50-year-old Enemy Property Act was promulgated for the fifth time late on Thursday, albeit with some reservations being expressed by President Pranab Mukherjee on why the government has been unable to clear the Amendment Bill in Parliament, according to Rashtrapati Bhavan sources.”
Incorrect
Solution: d.
“The ordinance to amend the 50-year-old Enemy Property Act was promulgated for the fifth time late on Thursday, albeit with some reservations being expressed by President Pranab Mukherjee on why the government has been unable to clear the Amendment Bill in Parliament, according to Rashtrapati Bhavan sources.”
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Question 5 of 5
5. Question
1 pointsConsider the following statements:
- A governor has neither security of tenure, nor a fixed term of office.
- The Constitution does not lay down any grounds upon which a governor may be removed.
Which of the statements give above is/are correct?
Correct
Solution: c.
Both statements are correct.
- A governor holds office for a term of five years from the date on which he enters upon his office. However, this term of five years is subject to the pleasure of the President. Further, he can resign at any time by addressing a resignation letter to the President.
- The SC held that the pleasure of the President is not justifiable. The governor has no security of tenure and no fixed term of office. He may be removed by the President at any time.
- The Constitution does not lay down any grounds upon which a governor may be removed by the President.
Governor, CH-26, Indian Polity 4th Edition by M Laxmikanth
Improvisation: TH: Did not quit because of politics: Jung;
—
Incorrect
Solution: c.
Both statements are correct.
- A governor holds office for a term of five years from the date on which he enters upon his office. However, this term of five years is subject to the pleasure of the President. Further, he can resign at any time by addressing a resignation letter to the President.
- The SC held that the pleasure of the President is not justifiable. The governor has no security of tenure and no fixed term of office. He may be removed by the President at any time.
- The Constitution does not lay down any grounds upon which a governor may be removed by the President.
Governor, CH-26, Indian Polity 4th Edition by M Laxmikanth
Improvisation: TH: Did not quit because of politics: Jung;
—
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