QUIZ – 2017: Insights Current Affairs Quiz – 07 DECEMBER 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 2018. 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.
Hope you enjoy this quiz. If you like it, then please share it. Thank you.
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 5
1. Question
1 pointsKautilya, or Vishnugupta,
- Authored the Arthashastra which deals primarily with internal administration and spiritual well-being of the king and his subjects
- Helped Chandragupta Maurya overthrow the Nandas
Select the correct answer using the code given below:
Correct
Solution: b.
The term Artha stands for material well-being and is one of the Purusharthas (the legitimate goals of human existence). The Arthashastra states very categorically that Artha is superior to Dharma (spiritual well-being) and Kama (sensual pleasure). The Arthashastra is in effect the science of statecraft.
Kautilya’s work mainly deals with internal administration and inter-state relations.
Improvisation (reference to Kautilya): http://pib.nic.in/newsite/PrintRelease.aspx?relid=174134;
Incorrect
Solution: b.
The term Artha stands for material well-being and is one of the Purusharthas (the legitimate goals of human existence). The Arthashastra states very categorically that Artha is superior to Dharma (spiritual well-being) and Kama (sensual pleasure). The Arthashastra is in effect the science of statecraft.
Kautilya’s work mainly deals with internal administration and inter-state relations.
Improvisation (reference to Kautilya): http://pib.nic.in/newsite/PrintRelease.aspx?relid=174134;
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Question 2 of 5
2. Question
1 pointsAdherence by public authorities to Section 4 of the Right to Information Act can ensure/lead to which one of the following outcomes?
Correct
Solution: c.
Section 4 of the RTI Act contains the proactive disclosure norms (suo moto disclosure).
Improvisation: http://pib.nic.in/newsite/PrintRelease.aspx?relid=174134;
Incorrect
Solution: c.
Section 4 of the RTI Act contains the proactive disclosure norms (suo moto disclosure).
Improvisation: http://pib.nic.in/newsite/PrintRelease.aspx?relid=174134;
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Question 3 of 5
3. Question
1 pointsConsider the following statements about the International Fund for Agricultural Development (IFAD):
1.It is a specialised agency of the United Nations dedicated to eradicating rural poverty in developing countries
2.India is a founder member of the IFAD
Which of the statements given above is/are correct?
Correct
Solution: c.
The Agriculture Minister said that India has always had an active association with IFAD ever since it was set up in 1977 as the 13th specialized agency of the United Nations. India is a founder member of IFAD, a key contributor among the member Countries, participates actively in the Fund’s governing bodies, and holds a permanent seat in IFAD Executive Board (oversees the general operations). It currently holds the chairmanship of the Governing Council (the highest decision-making authority of IFAD) and of the Evaluation Committee.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=174150;
https://www.ifad.org/who/overview;
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Incorrect
Solution: c.
The Agriculture Minister said that India has always had an active association with IFAD ever since it was set up in 1977 as the 13th specialized agency of the United Nations. India is a founder member of IFAD, a key contributor among the member Countries, participates actively in the Fund’s governing bodies, and holds a permanent seat in IFAD Executive Board (oversees the general operations). It currently holds the chairmanship of the Governing Council (the highest decision-making authority of IFAD) and of the Evaluation Committee.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=174150;
https://www.ifad.org/who/overview;
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Question 4 of 5
4. Question
1 pointsConsider the following statements about the ‘Output Gap’:
1.It is an indicator of the difference between actual output and the maximum potential output of an economy
2.If the output gap in an economy is poised to rapidly close, the Monetary Policy Authority is likely to adopt either a neutral or hawkish stance
Which of the statements given above is/are correct?
Correct
Solution: c.
A mains-oriented question.
Output gap is the difference between the actual output of an economy and the potential output an economy can generate at full capacity.
“In the latest policy resolution statement, the Reserve Bank of India (RBI) said that MPC has kept the policy stance neutral ‘keeping in mind the output gap dynamics’.”
“If we go by the RBI working paper’s assessment, then the output gap is poised to close very soon after which demand pressures would be enough to warrant tightening of the monetary policy. It would become easier for RBI to adopt a hawkish tone (advocating higher interest rates) if inflation moves up as it expects it to, and the central government breaches its budgeted fiscal deficit target. The chances of both are getting higher by the day…”
http://www.livemint.com/Money/6TI31yjNHVTyD39gOrHNRN/RBI-monetary-policy-Mind-the-output-gap.html;
Improvisation: http://www.thehindu.com/opinion/editorial/unwavering-caution/article21284624.ece;
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Incorrect
Solution: c.
A mains-oriented question.
Output gap is the difference between the actual output of an economy and the potential output an economy can generate at full capacity.
“In the latest policy resolution statement, the Reserve Bank of India (RBI) said that MPC has kept the policy stance neutral ‘keeping in mind the output gap dynamics’.”
“If we go by the RBI working paper’s assessment, then the output gap is poised to close very soon after which demand pressures would be enough to warrant tightening of the monetary policy. It would become easier for RBI to adopt a hawkish tone (advocating higher interest rates) if inflation moves up as it expects it to, and the central government breaches its budgeted fiscal deficit target. The chances of both are getting higher by the day…”
http://www.livemint.com/Money/6TI31yjNHVTyD39gOrHNRN/RBI-monetary-policy-Mind-the-output-gap.html;
Improvisation: http://www.thehindu.com/opinion/editorial/unwavering-caution/article21284624.ece;
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Question 5 of 5
5. Question
1 points‘G4’, which wants an increase in the number of permanent seats in the U.N. Security Council, does not include which one of the following countries?
Correct
Ans: a.
The G4 nations are – Brazil, Germany, India and Japan.
http://www.thehindu.com/opinion/lead/let-us-be-realistic-about-the-unsc/article21284696.ece;
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Incorrect
Ans: a.
The G4 nations are – Brazil, Germany, India and Japan.
http://www.thehindu.com/opinion/lead/let-us-be-realistic-about-the-unsc/article21284696.ece;
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