QUIZ – 2017: Insights Current Affairs Quiz – 15 May 2017
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 2017. 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 2017
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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 6
1. Question
1 pointsPitted against each other are the nation’s two predominant and most populous tribes, the Dinka and Nuer. This ongoing conflict is associated with the civil war in
Correct
Solution: b.
“South Sudan’s president, Salva Kiir, who is Dinka, claimed the conflict had originated in a coup attempt, and laid the blame for it at the feet of his former vice president, Riek Machar. Machar, a Nuer, leveled damning accusations of his own: Kiir had not only fabricated the coup plot in order to kill him, Machar declared, but also had in mind a genocide of the Nuer.”
South Sudan’s many rebellions;
NatGeo (2014): How the world’s youngest nation descended into bloody civil war;
Incorrect
Solution: b.
“South Sudan’s president, Salva Kiir, who is Dinka, claimed the conflict had originated in a coup attempt, and laid the blame for it at the feet of his former vice president, Riek Machar. Machar, a Nuer, leveled damning accusations of his own: Kiir had not only fabricated the coup plot in order to kill him, Machar declared, but also had in mind a genocide of the Nuer.”
South Sudan’s many rebellions;
NatGeo (2014): How the world’s youngest nation descended into bloody civil war;
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Question 2 of 6
2. Question
1 pointsWith reference to the revised Wholesale Price Index series, consider the following statements:
- Prices used for its compilation do not include food items
- Despite the additions and deletions made to the item basket, the weights of the three major groups remains unchanged
Which of the statements given above is/are correct?
Correct
Solution: d.
- In the revised series, WPI will continue to constitute three Major Groups namely Primary Articles, Fuel & Power and Manufactured Products. There are changes though to their weights in the index.
- A new “WPI Food Index” will be compiled ( combining the “Food Articles” under “Primary Articles” and “Food Products” under “Manufactured Products”) to capture the rate of inflation in food items. Additionally, seasonality of fruits and vegetables has been updated to account for more months as these are now available for longer duration.
- Item level aggregates for new WPI are compiled using Geometric Mean (GM) following international best practice and as is currently used for compilation of All India CPI.
- A high level Technical Review Committee has been set up for the first time to carry out dynamic review process in order to keep pace with the changing structure of the economy.
Incorrect
Solution: d.
- In the revised series, WPI will continue to constitute three Major Groups namely Primary Articles, Fuel & Power and Manufactured Products. There are changes though to their weights in the index.
- A new “WPI Food Index” will be compiled ( combining the “Food Articles” under “Primary Articles” and “Food Products” under “Manufactured Products”) to capture the rate of inflation in food items. Additionally, seasonality of fruits and vegetables has been updated to account for more months as these are now available for longer duration.
- Item level aggregates for new WPI are compiled using Geometric Mean (GM) following international best practice and as is currently used for compilation of All India CPI.
- A high level Technical Review Committee has been set up for the first time to carry out dynamic review process in order to keep pace with the changing structure of the economy.
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Question 3 of 6
3. Question
1 pointsWhich one of the following vaccines was most recently introduced as part of the government’s Universal Immunisation Programme?
Correct
Solution: d.
- India recently (13th May, 2017) rolled out the long-awaited anti-pneumonia vaccine as part of the government’s Universal Immunisation Programme (UIP).
- The vaccine will protect children against severe forms of pneumococcal disease, such as pneumonia and meningitis.
- Pneumococcal disease is the leading cause of vaccine-preventable deaths in children under five years of age globally and in India. India accounts for nearly 20% of global pneumonia deaths in this age group.
TH: Pneumonia vaccine to be part of immunisation drive;
PIB;
Incorrect
Solution: d.
- India recently (13th May, 2017) rolled out the long-awaited anti-pneumonia vaccine as part of the government’s Universal Immunisation Programme (UIP).
- The vaccine will protect children against severe forms of pneumococcal disease, such as pneumonia and meningitis.
- Pneumococcal disease is the leading cause of vaccine-preventable deaths in children under five years of age globally and in India. India accounts for nearly 20% of global pneumonia deaths in this age group.
TH: Pneumonia vaccine to be part of immunisation drive;
PIB;
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Question 4 of 6
4. Question
1 pointsThe new WPI is said to be conceptually closer to ‘Producer Price Index (PPI)’. How is PPI different from WPI?
- PPI measures the average change in the price received by the producer, whereas WPI captures the price changes at the point of bulk transactions
- WPI does not cover services whereas PPI includes it
Which of the statements given above is/are correct?
Correct
Solution: c.
- In the new series of WPI, prices used for compilation do not include indirect taxes in order to remove impact of fiscal policy. This is in consonance with international practices and will make the new WPI conceptually closer to ‘Producer Price Index’.
- According to Investopedia, “the Producer Price index is a family of indexes that measures the average change in selling prices received by domestic producers of goods and services over time. PPIs measure price change from the perspective of the seller and differs from other indexes, such as the Consumer Price Index, that measure price change from the purchaser’s perspective.”
- According to the definition provided in this document (Q21 & 22, Pg17)of the Office of Economic Adviser, “PPI measures the average change in the price of goods and services either as they leave the place of production, called output PPI or as they enter the production process, called input PPI.”
Source and Improvisaiton: PIB: Revision of base year of All-India WPI;
Incorrect
Solution: c.
- In the new series of WPI, prices used for compilation do not include indirect taxes in order to remove impact of fiscal policy. This is in consonance with international practices and will make the new WPI conceptually closer to ‘Producer Price Index’.
- According to Investopedia, “the Producer Price index is a family of indexes that measures the average change in selling prices received by domestic producers of goods and services over time. PPIs measure price change from the perspective of the seller and differs from other indexes, such as the Consumer Price Index, that measure price change from the purchaser’s perspective.”
- According to the definition provided in this document (Q21 & 22, Pg17)of the Office of Economic Adviser, “PPI measures the average change in the price of goods and services either as they leave the place of production, called output PPI or as they enter the production process, called input PPI.”
Source and Improvisaiton: PIB: Revision of base year of All-India WPI;
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Question 5 of 6
5. Question
1 pointsIn order to facilitate dynamic revision of the revised WPI as well as the revised Index of Industrial Production, an institutional mechanism has been established through creation of a ‘Technical Review Committee’ for each of the indices. These will respectively be chaired by
Correct
Solution: c.
The Secretary, Department of Industrial Policy and Promotion will chair the TRC for facilitating dynamic revision of the WPI, and Secretary, Ministry of Statistics and Programme Implementation will chair the TRC for facilitating dynamic revision of the IIP.
Incorrect
Solution: c.
The Secretary, Department of Industrial Policy and Promotion will chair the TRC for facilitating dynamic revision of the WPI, and Secretary, Ministry of Statistics and Programme Implementation will chair the TRC for facilitating dynamic revision of the IIP.
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Question 6 of 6
6. Question
1 pointsA trade integration initiative, the Pacific Alliance is composed of
Correct
Solution: b.
- The Pacific Alliance is a regional integration initiative formed by Chile, Colombia, Mexico, and Peru on April 28, 2011.
- Its main purpose is for members to form a regional trading bloc and forge stronger economic ties with the Asia-Pacific region.
- India is an Observer Member to the alliance.
- In the news – Expansion of India-Chile PTA: “Keeping in view that Chile is the founding member of the Pacific Alliance to which India is an Observer Member, implementing the expanded PTA could deepen its engagement with the emerging trade bloc.”
Incorrect
Solution: b.
- The Pacific Alliance is a regional integration initiative formed by Chile, Colombia, Mexico, and Peru on April 28, 2011.
- Its main purpose is for members to form a regional trading bloc and forge stronger economic ties with the Asia-Pacific region.
- India is an Observer Member to the alliance.
- In the news – Expansion of India-Chile PTA: “Keeping in view that Chile is the founding member of the Pacific Alliance to which India is an Observer Member, implementing the expanded PTA could deepen its engagement with the emerging trade bloc.”
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