QUIZ – 2017: Insights Current Affairs Quiz, 09 July 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.
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 6
1. Question
1 pointsTo calculate production cost in agriculture for the purpose of fixing Minimum Support Prices of crops, two broad concepts are used – A2 and C2. Which one of the following costs is included in calculation of both cost concepts?
Correct
Solution: b.
There are several cost concepts that the Commission for Agricultural Costs and Prices (CACP) considers while recommending MSPs of 23 crops.
- There are the costs the farmer actually pays out of his/her pocket for buying various inputs ranging from seeds to fertilisers to pesticides to hired labour to hired machinery (also depreciation of assets) or even leased-in land, which are all put under the cost A2 concept.
- However, in agriculture, farmers also use a lot of family labour and if their cost is imputed and added to cost A2, that concept is called cost A2+FL.
- But then there is also a comprehensive cost (cost C2), which includes not only imputed costs of family labour but also the imputed rent of owned land and imputed interest on owned capital.
It is 50 per cent margin over C2 which has been at the centre of the farmers’ demand, and also the M S Swaminathan Commission’s (National Commission on Farmers, 2006) recommendation.
IE;
Improvisation: TH;
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Incorrect
Solution: b.
There are several cost concepts that the Commission for Agricultural Costs and Prices (CACP) considers while recommending MSPs of 23 crops.
- There are the costs the farmer actually pays out of his/her pocket for buying various inputs ranging from seeds to fertilisers to pesticides to hired labour to hired machinery (also depreciation of assets) or even leased-in land, which are all put under the cost A2 concept.
- However, in agriculture, farmers also use a lot of family labour and if their cost is imputed and added to cost A2, that concept is called cost A2+FL.
- But then there is also a comprehensive cost (cost C2), which includes not only imputed costs of family labour but also the imputed rent of owned land and imputed interest on owned capital.
It is 50 per cent margin over C2 which has been at the centre of the farmers’ demand, and also the M S Swaminathan Commission’s (National Commission on Farmers, 2006) recommendation.
IE;
Improvisation: TH;
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Question 2 of 6
2. Question
1 pointsWith which of the following countries does India presently have annual bilateral trade worth more than fifty billion U.S. dollars?
1.South Korea
- Indonesia
- China
- Singapore
Select the correct answer using the code given below:
Correct
Solution: b.
- TH: “…India-South Korea trade last year was only $20 billion..”
- Livemint: Trade between Indian and Indonesia in 2016 was $12.9 billion. It rose 28.7% to $18.13 billion in 2017 with Indonesia’s exports to India reaching $14.08 billion and its imports from India standing at $4.05 billion.
- TH: The India-China bilateral trade reached $84.44 billion last year, a historic high, notwithstanding bilateral tensions over a host of issues, including the Doklam standoff.
- MEA: Singapore is India’s 2nd largest trade partner among ASEAN countries. Bilateral trade expanded after the conclusion of CECA from US$ 6.7 billion in 2004-05 to reach US$ 16.7 billion in 2016-17. In the news: ET;
Incorrect
Solution: b.
- TH: “…India-South Korea trade last year was only $20 billion..”
- Livemint: Trade between Indian and Indonesia in 2016 was $12.9 billion. It rose 28.7% to $18.13 billion in 2017 with Indonesia’s exports to India reaching $14.08 billion and its imports from India standing at $4.05 billion.
- TH: The India-China bilateral trade reached $84.44 billion last year, a historic high, notwithstanding bilateral tensions over a host of issues, including the Doklam standoff.
- MEA: Singapore is India’s 2nd largest trade partner among ASEAN countries. Bilateral trade expanded after the conclusion of CECA from US$ 6.7 billion in 2004-05 to reach US$ 16.7 billion in 2016-17. In the news: ET;
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Question 3 of 6
3. Question
1 pointsConsider the following statements with reference to India’s foreign exchange reserves:
1.It comprises of foreign currency assets only.
2.Import cover recently declined to six months as the rupee has witnessed a significant fall in its value over the last few months.
Which of the statements given above is/are correct?
Correct
Solution: d.
The adequacy of foreign exchange reserves, measured by import cover, declined to 10.8 months in December 2017, from 11.3 months at the end of March 2017, the Reserve Bank of India (RBI) said in a biannual report on exchange management.
TH;
—
Incorrect
Solution: d.
The adequacy of foreign exchange reserves, measured by import cover, declined to 10.8 months in December 2017, from 11.3 months at the end of March 2017, the Reserve Bank of India (RBI) said in a biannual report on exchange management.
TH;
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Question 4 of 6
4. Question
1 pointsWhere in India are sulphur dioxide hotspots situated?
Correct
Solution: d.
What are the different SO2 sources?
Smelting is clearly one big emitter. The gas is driven off as metal ores that also contain sulphur compounds are heated to high temperature. Other major contributors include the burning of coal and oil. Again, these include sulphur in their composition, which will be emitted as SO₂ when the fossil fuels are burned – unless the gas is caught, or “scrubbed”, in some way.
The map above represents six months of Europe’s Sentinel 5P-Tropomi data.
BBC;
—
Incorrect
Solution: d.
What are the different SO2 sources?
Smelting is clearly one big emitter. The gas is driven off as metal ores that also contain sulphur compounds are heated to high temperature. Other major contributors include the burning of coal and oil. Again, these include sulphur in their composition, which will be emitted as SO₂ when the fossil fuels are burned – unless the gas is caught, or “scrubbed”, in some way.
The map above represents six months of Europe’s Sentinel 5P-Tropomi data.
BBC;
—
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Question 5 of 6
5. Question
1 pointsConsider the following statements:
1.The ‘Friends of Yemen Group’ was established in 2017 to help bolster and coordinate international humanitarian assistance to Yemen.
2.India is a member of the ‘Friends of Yemen Group’.
Which of the statements given above is/are correct?
Correct
Solution: b.
The Friends of Yemen was established in January 2010 at a meeting of ministers in London to help bolster international political support for Yemen and to assist Yemeni-led efforts to tackle the underlying causes of instability. The Friends of Yemen is a political meeting of Foreign Ministers, though the humanitarian crisis and aid delivery is discussed.
As a part of its commitment to provide humanitarian assistance to Yemen, India has been a member of the ‘Friends of Yemen’ Group.
MEA;
Improvisation: TH;
Incorrect
Solution: b.
The Friends of Yemen was established in January 2010 at a meeting of ministers in London to help bolster international political support for Yemen and to assist Yemeni-led efforts to tackle the underlying causes of instability. The Friends of Yemen is a political meeting of Foreign Ministers, though the humanitarian crisis and aid delivery is discussed.
As a part of its commitment to provide humanitarian assistance to Yemen, India has been a member of the ‘Friends of Yemen’ Group.
MEA;
Improvisation: TH;
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Question 6 of 6
6. Question
1 pointsMurshidabad today is a town in the state of
Correct
Solution: c.
Before the advent of British, the city of Murshidabad was the capital of Bengal. It has a great significance in the Indian History as in 1757 the British defeated Siraj–ud–Daula in the Battle of Plassey, after which the entire nation was brought under the British Colonial Rule. Even after the conquest of Bengal by the British, Murshidabad remained for some time the seat of administration.
Improvisation: TH;
http://www.murshidabad.gov.in;
—
Incorrect
Solution: c.
Before the advent of British, the city of Murshidabad was the capital of Bengal. It has a great significance in the Indian History as in 1757 the British defeated Siraj–ud–Daula in the Battle of Plassey, after which the entire nation was brought under the British Colonial Rule. Even after the conquest of Bengal by the British, Murshidabad remained for some time the seat of administration.
Improvisation: TH;
http://www.murshidabad.gov.in;
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