QUIZ – 2017: Insights Current Affairs Quiz, 07 March 2018
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.
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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 5
1. Question
1 pointsConsider the following statements in the context of the parliamentary system of government that the Constitution has provided:
- The term of the Chief Minister is not fixed
- The Chief Minister holds office during the pleasure of the governor
- A council of ministers must always exist to advise the governor, even after the dissolution of the state legislative assembly
Which of the statements given above is/are correct?
Correct
Solution: c.
The term of the Chief Minister is not fixed and he holds office during the pleasure of the governor. However, this does not mean that the governor can dismiss him at any time. He cannot be dismissed by the governor as long as he enjoys the majority support in the legislative assembly. But, if he loses the confidence of the assembly, he must resign or the governor can dismiss him.
In 1971, the Supreme Court ruled that a council of ministers must always exist to advise the governor, even after the dissolution of the state legislative assembly or resignation of a council of ministers. Hence, the existing ministry may continue in the office until its successor assumes charge.
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Incorrect
- Solution: c.
The term of the Chief Minister is not fixed and he holds office during the pleasure of the governor. However, this does not mean that the governor can dismiss him at any time. He cannot be dismissed by the governor as long as he enjoys the majority support in the legislative assembly. But, if he loses the confidence of the assembly, he must resign or the governor can dismiss him.
In 1971, the Supreme Court ruled that a council of ministers must always exist to advise the governor, even after the dissolution of the state legislative assembly or resignation of a council of ministers. Hence, the existing ministry may continue in the office until its successor assumes charge.
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Question 2 of 5
2. Question
1 pointsWhich one among the following forms the bulk of animal species that are either critically endangered, endangered, or vulnerable in the IUCN Red List for 2017 in India?
Correct
Solution: d.
Incorrect
Solution: d.
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Question 3 of 5
3. Question
1 pointsVietnam opens out to the
1.Gulf of Thailand
2.South China Sea
- East China Sea
Select the correct answer using the code given below:
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Question 4 of 5
4. Question
1 pointsThe ‘National Financial Reporting Authority’, whose proposal for establishment was recently approved by the Union Cabinet, will
Correct
Solution: a.
The decision of the Cabinet aims at establishment of NFRA as an independent regulator for the auditing profession which is one of the key changes brought in by the Companies Act, 2013.
The jurisdiction of NFRA for investigation of Chartered Accountants and their firms under section 132 of the Act would extend to listed companies and large unlisted public companies, the thresholds for which shall be prescribed in the Rules. The Central Government can also refer such other entities for investigation where public interest would be involved.
The need for establishing NFRA has arisen on account of the need felt across various jurisdictions in the world, in the wake of accounting scams, to establish independent regulators, independent from those it regulates, for enforcement of auditing standards and ensuring the quality of audits to strengthen the independence of audit firms, quality of audits and, therefore, enhance investor and public confidence in financial disclosures of companies.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=176918;
http://www.thehindu.com/business/Economy/post-nfra-formation-what-is-icais-role/article22925689.ece;
Incorrect
Solution: a.
The decision of the Cabinet aims at establishment of NFRA as an independent regulator for the auditing profession which is one of the key changes brought in by the Companies Act, 2013.
The jurisdiction of NFRA for investigation of Chartered Accountants and their firms under section 132 of the Act would extend to listed companies and large unlisted public companies, the thresholds for which shall be prescribed in the Rules. The Central Government can also refer such other entities for investigation where public interest would be involved.
The need for establishing NFRA has arisen on account of the need felt across various jurisdictions in the world, in the wake of accounting scams, to establish independent regulators, independent from those it regulates, for enforcement of auditing standards and ensuring the quality of audits to strengthen the independence of audit firms, quality of audits and, therefore, enhance investor and public confidence in financial disclosures of companies.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=176918;
http://www.thehindu.com/business/Economy/post-nfra-formation-what-is-icais-role/article22925689.ece;
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Question 5 of 5
5. Question
1 pointsThe Comprehensive Telecom Development Plan for the North-Eastern Region
1.Aims to provide 4G mobile coverage in uncovered areas of NER
2.Aims to provide seamless connectivity on national highways in NER
3.Will be funded from the Universal Service Obligation Fund
Select the correct answer using the code given below:
Correct
Solution: d.
From 2014 (PIB): This project will provide 2G mobile coverage in identified uncovered areas of the NER, it will provide 2G seamless mobile coverage along National Highways in the NER and ensure reliability of the transmission network at State capitals and district headquarters in the NER. It will be funded by the Universal Service Obligation Fund.
“Improving mobile connectivity in the northeast region was one of the pet projects of the NDA government. However, it has suffered repeated delays due to issues with equipment testing and “indecisiveness from USOF,” accompanied by a difficult terrain. It is targeted to be completed by March 2019..”
Source/Improvisation: http://www.thehindu.com/business/Industry/northeast-needs-calling-facility-more-than-internet/article22920087.ece;
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Incorrect
Solution: d.
From 2014 (PIB): This project will provide 2G mobile coverage in identified uncovered areas of the NER, it will provide 2G seamless mobile coverage along National Highways in the NER and ensure reliability of the transmission network at State capitals and district headquarters in the NER. It will be funded by the Universal Service Obligation Fund.
“Improving mobile connectivity in the northeast region was one of the pet projects of the NDA government. However, it has suffered repeated delays due to issues with equipment testing and “indecisiveness from USOF,” accompanied by a difficult terrain. It is targeted to be completed by March 2019..”
Source/Improvisation: http://www.thehindu.com/business/Industry/northeast-needs-calling-facility-more-than-internet/article22920087.ece;
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