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 2021. 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 AFFAIRS QUIZ 2020
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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 pointsWhat are the benefits a country gets from the ‘developing country’ tag at the World Trade Organization (WTO)?
- It gets longer timeframes to implement the WTO agreements.
- It allows other countries to offer preferential treatment.
- It gets Zero duty and zero quota access for all exports to the developed countries.
Select the correct answer code:
CorrectSolution: b)
What are the benefits of ‘developing country’ tag?
Certain WTO agreements give developing countries special rights through ‘special and differential treatment’ (S&DT) provisions, which can grant developing countries longer timeframes to implement the agreements and even commitments to raise trading opportunities for such countries.
WTO pacts are often aimed at reduction in government support to certain industries over time and set more lenient target for developing nations and grant them more time to achieve these targets compared to developed ones.
The classification also allows other countries to offer preferential treatment.
LDCs are often exempted from certain provisions of WTO pacts. Bangladesh, currently classified as an LDC, receives zero duty, zero quota access for almost all exports to the EU.
IncorrectSolution: b)
What are the benefits of ‘developing country’ tag?
Certain WTO agreements give developing countries special rights through ‘special and differential treatment’ (S&DT) provisions, which can grant developing countries longer timeframes to implement the agreements and even commitments to raise trading opportunities for such countries.
WTO pacts are often aimed at reduction in government support to certain industries over time and set more lenient target for developing nations and grant them more time to achieve these targets compared to developed ones.
The classification also allows other countries to offer preferential treatment.
LDCs are often exempted from certain provisions of WTO pacts. Bangladesh, currently classified as an LDC, receives zero duty, zero quota access for almost all exports to the EU.
- Question 2 of 5
2. Question
1 pointsConsider the following statements.
- World Trade Organization (WTO) determines ‘developed’ and ‘developing’ countries based on its per capita GDP ratio.
- WTO provides assistance to developing, least-developed and low-income countries in transition to adjust to WTO rules through technical cooperation and training.
Which of the above statements is/are correct?
CorrectSolution: b)
The WTO has not defined ‘developed’ and ‘developing’ countries and therefore member countries are free to announce whether they are ‘developed’ or ‘developing’.
It is WTO’s duty to review and propagate the national trade policies and to ensure the coherence and transparency of trade policies through surveillance in global economic policy-making. Another priority of the WTO is the assistance of developing, least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training.
IncorrectSolution: b)
The WTO has not defined ‘developed’ and ‘developing’ countries and therefore member countries are free to announce whether they are ‘developed’ or ‘developing’.
It is WTO’s duty to review and propagate the national trade policies and to ensure the coherence and transparency of trade policies through surveillance in global economic policy-making. Another priority of the WTO is the assistance of developing, least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training.
- Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Edge computing.
- It involves placing computational power closer to the user in the network.
- It has high applicability in IoT-based applications, which require processing of the data in less time.
- It is highly suitable for Big Data Analytics.
Which of the above statements is/are correct?
CorrectSolution: b)
In simplest terms, edge computing moves some portion of storage and compute resources out of the central data center and closer to the source of the data itself. Edge computing brings data processing closer to the data source.
It involves placing computational power closer to the user in the network and have high applicability in IoT-based applications, which require processing of the data in less time.
Given that the processing happens locally at the ‘edge’ the latency (time taken to input, process and output the data) is low compared to cloud based services.
Given the data is locally collected in edge computing environment it is not suitable for Big Data Analytics
which require large volumes of data.
IncorrectSolution: b)
In simplest terms, edge computing moves some portion of storage and compute resources out of the central data center and closer to the source of the data itself. Edge computing brings data processing closer to the data source.
It involves placing computational power closer to the user in the network and have high applicability in IoT-based applications, which require processing of the data in less time.
Given that the processing happens locally at the ‘edge’ the latency (time taken to input, process and output the data) is low compared to cloud based services.
Given the data is locally collected in edge computing environment it is not suitable for Big Data Analytics
which require large volumes of data.
- Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Mekong River.
- Mekong River rises in the Tibetan Plateau and flows into South China Sea.
- The capital of Laos and Cambodia are situated on the banks of the Mekong River.
Which of the above statements is/are incorrect?
CorrectSolution: d)
The Mekong begins on the Tibetan Plateau and runs for more than 2,600 miles through China, Myanmar, Thailand, Laos, Cambodia, and Vietnam before emptying into the South China Sea.
The capital of Laos, and the capital of Cambodia both stand on its banks.
IncorrectSolution: d)
The Mekong begins on the Tibetan Plateau and runs for more than 2,600 miles through China, Myanmar, Thailand, Laos, Cambodia, and Vietnam before emptying into the South China Sea.
The capital of Laos, and the capital of Cambodia both stand on its banks.
- Question 5 of 5
5. Question
1 pointsWhich of the following is not a non-tariff measure?
CorrectSolution: d)
Non-tariff measure (NTMs) are defined as policy measures, other than ordinary customs tariffs, that can potentially have an economic effect on international trade in goods, changing quantities traded, or prices or both.
As a result, NTMs cover a broad range of policies including traditional trade policy instruments, such as quotas or price controls.
However, they also comprise technical regulatory measures that pursue important non-trade objectives that relate to health and environmental protection, such as Sanitary and Phytosanitary (SPS) measures and Technical Barriers to Trade (TBT).
IncorrectSolution: d)
Non-tariff measure (NTMs) are defined as policy measures, other than ordinary customs tariffs, that can potentially have an economic effect on international trade in goods, changing quantities traded, or prices or both.
As a result, NTMs cover a broad range of policies including traditional trade policy instruments, such as quotas or price controls.
However, they also comprise technical regulatory measures that pursue important non-trade objectives that relate to health and environmental protection, such as Sanitary and Phytosanitary (SPS) measures and Technical Barriers to Trade (TBT).