QUIZ – 2017: Insights Current Affairs Quiz, 06 June 2019

Solution: B

The South Asian Association for Regional Cooperation (SAARC) was established with the signing of the SAARC Charter in Dhaka on 8 December 1985. SAARC comprises of eight Member States: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The Secretariat of the Association was set up in Kathmandu on 17 January 1987.

Decisions at all levels are to be taken on the basis of unanimity; and bilateral and contentious issues are excluded from the deliberations of the Association.

http://saarc-sec.org/about-saarc

In News: The immediate neighbourhood – SAARC still has the potential to become a platform for South Asian interests and shared growth 

Solution: D

https://bimstec.org/?page_id=189

In News: The immediate neighbourhood – SAARC still has the potential to become a platform for South Asian interests and shared growth 

Solution: A

http://prasarbharati.gov.in/Mission.php

In News – Prasar Bharati will retaincits autonomy: Javadekar

Solution: C

The Organisation of Islamic Cooperation (OIC) is the second largest inter-governmental organization after the United Nations with a membership of 57 states spread over four continents. The Organization is the collective voice of the Muslim world. It endeavors to safeguard and protect the interests of the Muslim world in the spirit of promoting international peace and harmony among various people of the world.

The Organization was established upon a decision of the historical summit which took place in Rabat, Kingdom of Morocco on 12th Rajab 1389 Hijra (25 September 1969) following the criminal arson of Al-Aqsa Mosque in occupied Jerusalem.

https://www.oic-oci.org/page/?p_id=52&p_ref=26&lan=en

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Solution: A

The Reserve Bank of India today released a report on “Benchmarking India’s Payment Systems” which provides a comparative position of the payment system ecosystem in India relative to comparable payment systems and usage trends in other major countries.

It may be recalled that in the First Bi-monthly Monetary Policy Statement, 2019-20 announced on April 4, 2019 [Para 12(viii)], it was stated that “Benchmarking India’s Payments Systems is necessary to gauge India’s progress vis-à-vis payment systems and instruments in major countries and give further impetus to the planned efforts for deepening the digitisation of payments. A report containing the findings of such an exercise will be placed on the RBI website by the end of May 2019.”

The Reserve Bank has undertaken an exercise of benchmarking India’s Payment Systems vis-à-vis payment systems in a mix of advanced economies, Asian economies and the BRICS nations.

https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=47222

In News: RBI study moots boost to acceptance infra for digital payments