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QUIZ – 2017: Insights Current Affairs Quiz, 25 January 2019
- January 25, 2019
- Posted by: InsightsIAS
- Category: Quiz 2019
QUIZ – 2017: Insights Current Affairs Quiz,25 January 2019
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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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. To view Solutions, follow these instructions: Click on – ‘Start Quiz’ button Solve Questions Click on ‘Quiz Summary’ button Click on ‘Finish Quiz’ button Now click on ‘View Questions’ button – here you will see solutions and links.
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You have reached 0 of 0 points, (0) Consider the following statements about the recommendations of FRBM Review Committee headed by N.K. Singh. Which of the above statements is/are correct? Solution: b) Debt to GDP ratio: The Committee suggested using debt as the primary target for fiscal policy. A debt to GDP ratio of 60% should be targeted with a 40% limit for the centre and 20% limit for the states. The targeted debt to GDP ratio should be achieved by 2023. Fiscal Council: The Committee proposed to create an autonomous Fiscal Council with a Chairperson and two members appointed by the centre. To maintain its independence, it proposed a non-renewable four-year term for the Chairperson and members. Further, these people should not be employees in the central or state governments at the time of appointment. Deviations: The Committee noted that under the FRBM Act, the government can deviate from the targets in case of a national calamity, national security or other exceptional circumstances notified by it. Solution: b) Debt to GDP ratio: The Committee suggested using debt as the primary target for fiscal policy. A debt to GDP ratio of 60% should be targeted with a 40% limit for the centre and 20% limit for the states. The targeted debt to GDP ratio should be achieved by 2023. Fiscal Council: The Committee proposed to create an autonomous Fiscal Council with a Chairperson and two members appointed by the centre. To maintain its independence, it proposed a non-renewable four-year term for the Chairperson and members. Further, these people should not be employees in the central or state governments at the time of appointment. Deviations: The Committee noted that under the FRBM Act, the government can deviate from the targets in case of a national calamity, national security or other exceptional circumstances notified by it. Global Commission on Future of Work is the initiative of Solution: d) The formation of ILO Global Commission on the Future of Work marks the second stage in the ILO Future of Work Initiative. Solution: d) The formation of ILO Global Commission on the Future of Work marks the second stage in the ILO Future of Work Initiative. Consider the following statements about Goods and Services Tax Appellate Tribunal (GSTAT) Which of the above statements is/are correct? Solution: b) Cabinet has approved creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). It shall be situated at New Delhi. Solution: b) Cabinet has approved creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). It shall be situated at New Delhi. Consider the following statements about Aadi Mahotsav Which of the above statements is/are correct? Solution: a) Aadi Mahotsav is an effort to scale up the livelihood and income generating opportunity for tribals by giving them the opportunity to interact and sell their goods directly to the customers. Ministry of Tribal affairs and TRIFED through Aadi Mahotsav’s provides them market access across the country. The festival will feature exhibition-cum-sale of tribal handicrafts, art, paintings, fabric, jewellery and much more. Solution: a) Aadi Mahotsav is an effort to scale up the livelihood and income generating opportunity for tribals by giving them the opportunity to interact and sell their goods directly to the customers. Ministry of Tribal affairs and TRIFED through Aadi Mahotsav’s provides them market access across the country. The festival will feature exhibition-cum-sale of tribal handicrafts, art, paintings, fabric, jewellery and much more. Consider the following statements about Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Which of the above statements is/are incorrect? Solution: b) The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. This sub-regional organization came into being on 6 June 1997 through the Bangkok Declaration. In 2018, the 4th BIMSTEC Summit concluded in Kathmandu. Solution: b) The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. This sub-regional organization came into being on 6 June 1997 through the Bangkok Declaration. In 2018, the 4th BIMSTEC Summit concluded in Kathmandu.INSIGHTS CURRENT EVENTS QUIZ 2019
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