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30th December, 2018 - MCQs (Part 1)
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Mudit Gupta is teaching live on Unacademy Plus

Mudit Gupta
B.Tech. (ECE), LAMP Fellow (2015), Quora Top-Writer, 2018 and AIR 76 DU LLB Entrance Exam, 2016

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  1. MUDIT'S MICRO MAGAZINE (M3) BY: Mudit Gupta


  2. ABOUT ME Born and brought up in Delhi Engineer- Electronics and Communication College-Jaypee Institute of Information and . Technology, Sector 62, Noida. CGPA 8.4/10 LAMP Fellow DU LLB entrance = AIR 76 . Interests Writing and Blogging Reading about India MUDIT'S MAGAZINE- UNACADEMY


  3. QUESTION 1 With reference to the 'Consolidated FDI Policy', consider the following statements: 1. Department of Economic Affairs is the nodal agency for regulating FDI policy in India. 2. It aimed to attract and promote FDI to suppleme nt domestic capital, technology and skills, for accelerated economic growth Which of the statements given above is/are correct? A. 1 Only B. 2 Only C. Both 1 and 2 D. Neither1 nor 2


  4. QUESTION 1 With reference to the 'Consolidated FDI Policy', consider the following statements: 1. Department of Economic Affairs is the nodal agency for regulating FDI policy in India. 2. It aimed to attract and promote FDI to suppleme nt domestic capital, technology and skills, for accelerated economic growth Which of the statements given above is/are correct? . 10nly B. 2 Only C. Both 1 and 2 D. Neither1 nor 2


  5. Regulated by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry. It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital, technology and skills, for accelerated economic growth


  6. QUESTION 2 Which of the following statements regarding the Convention on Biological Diversity (CBD) are correct? 1. It aims at Conservation of biological diversity along with fair and equitable sharing of benefits 2. Banning the commercial use of biodiversity resources is an important objective of CBD. 3. Cartagena Protocol on Biosafety was negotiated under the aegis of CBD. Select the correct answer using the code given below A. 1 and 2 B. 2 and 3 C. 1 and 3 D. 1, 2 and3


  7. QUESTION 2 Which of the following statements regarding the Convention on Biological Diversity (CBD) are correct? 1. It aims at Conservation of biological diversity along with fair and equitable sharing of benefits 2. Banning the commercial use of biodiversity resources is an important objective of CBD. 3. Cartagena Protocol on Biosafety was negotiated under the aegis of CBD. Select the correct answer using the code given below A. 1 and 2 B. 2 and 3 .land 3 D. 1, 2 and3


  8. Convention on Biological Diversity . The Convention on Biological Diversity (CBD) entered into force on 29 December 1993. It has 3 main objectives: 1. The conservation of biological diversity 2. The sustainable use of the components of biological diversity 3. The fair and equitable sharing of the benefits arising out of the utilization of genetic resources . The Cartagena Protocol on Biosafety (CPB), the first international regulatory framework for safe transfer, handling and use of Living Modified Organisms (LMOs) was negotiated under the aegis of the Convention on Biological Diversity (CBD).


  9. QUESTION 3 Consider the following statements with respect to Angel Tax 1. It is a tax levied on all start-ups. 2. Under the income tax law, all start-ups are eligible to be examined for angel tax exemption Which of the statement(s) given above is/are correct? A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2


  10. QUESTION 3 Consider the following statements with respect to Angel Tax 1. It is a tax levied on all start-ups. 2. Under the income tax law, all start-ups are eligible to be examined for angel tax exemption Which of the statement(s) given above is/are correct? A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2


  11. Angel tax If a start-up receives funding that is higher than its fair market value' from an angel investor (external investor), the investment amount will be considered as its income and 30 per cent tax will be levied. . The issue is that there is currently no clear-cut way to assess the fair market value' of a start-up. As per the law, only start-ups recognised by DIPP with a valid certificate of recognition will qualify to be examined for Angel Tax exemption under the income-tax law. . Others attract tax overvaluation under Section 56 (2) of Angel Tax. Officials claim that in the upcoming Budget, the government is considering abolishing of this Section.


  12. QUESTION 4 Arrange the following Indonesian islands in order from West to East. A. Bali Sulawesi Java - Sumatra B. Bali Sulawesi Sumatra.- Java C. Sulawesi Bali Java Sumatra D. Sulawesi Java Sumatra Bali


  13. INDONESIA VIETNAM BANGKOKO OMANILA CAMBODIA PHNOM PENH HO CHI MINH CITY PACIFIC OCEAN THAILAND (Saigon) PHILIPPINES PALAU KUALA LUMPUR BANDAR SERI BEGAWAN , BRUNEIQ MALAYSIA OSINGAPORE Sumatra Kalimantan Maluku Sulawesi Irian Jaya o Jakarta Java NUSA TENGGARA Bali 3 NDIAN OCEAN Flores Lombok Komodo EAST & Rinca TIMOR Darwin 0 500 km 0300 miles AUSTRALIA


  14. QUESTION 5 Non-performing Assets (NPAs) are loans made by a bank or finance company on which repayments or interest payments are not being made on time. How do high NP s affect the Banks in India? 1. Banks tend to lower the interest rates on deposits 2. Results in lesser interest income 3. Adds to risk weighted assets Select the correct code? A. 1 and 2 only B. 1 and 3 only C. 2 and 3 only D. 1, 2 and 3


  15. NPAs In the light of high NPAs, Banks tend to lower the interest rates on deposits on one hand and likely to levy higher interest rates on advances. . The increased NPAs put pressure on recycling of funds d reduces the ability of banks for lending more and thus results in lesser interest income. As per Basel norms, banks are required to maintain adequate capital on risk-weighted assets on an ongoing basis. Every increase in NPA level adds to risk weighted assets which warrant the banks to shore up their capital base further.


  16. A & N Islands Three islands in Andaman and Nicobar - Ross Island, Neil Island and Havelock Island- will be renamed as Netaji Subhash Chandra Bose Island, Shaheed Dweep and Swaraj Dweep, respectively The renaming of the islands will reportedly take place to mark the 75th year of freedom fighter Subhash Chandra Bose hoisting the national flag at Port Blair.


  17. QUESTION 7 "'eBuzz K9" was sometimes seen in the news recently. It is a/an/the A. Zero emission electric bus launched by the Delhi government B. Edible vaccine developed for bees to fight its population decline C. United Nation's drone to supply relief materials in war torn Yemen D. Sashastra Seema Bal (SSBs) initiative to monitor International Borders


  18. QUESTION 7 "'eBuzz K9" was sometimes seen in the news recently. It is a/an/the Zero emission electric bus launched by the Delhi government B. Edible vaccine developed for bees to fight its population decline C. United Nation's drone to supply relief materials in war torn Yemen D. Sashastra Seema Bal (SSBs) initiative to monitor International Borders


  19. QUESTION 8 Consider the following statements regarding National Children's Science Conference (NCSC) 1. Its 26th edition is being held in Odisha. 2. This year's theme is Science, Technology and Innovation for a Clean, Green and Healthy Nation. 3. It is a forum for children of the age-group of 8-18 years Which of these statements is/are correct? A. 1 and 2 onl B. 2 and 3 only C. 1 and 3 only D. 1,2 and 3


  20. National Children's Science Congress . 26th National Children's Science Congress (NCSC) Theme: "Science, Technology and Innovation for a is being held in Odisha. Clean, Green and Healthy Nation." and Technology Communication (NCSTC), It is a programme of National Council for Science Department of Science and Technology, New Delhi. . It is a forum children of the age-group of 10-17 years


  21. QUESTION 9 Which of the following is/are the theme/themes used by Public Affairs Centre to compute the Public Affairs Index'? 1. Essential Infrastructure 2. Social Justice 3. Fiscal Management 4. Social Protection Select the correct answer using the code given below A. 1 only B. 2 and 4 only C. 1, 3 and 4 only D. 1, 2, 3 and 4


  22. Public Affairs Index . Public Affairs Index (PAI) is a data driven platform to rank the . While it is a complex task to rank the Indian states which are 30 States of India from the lens of governance. economically, culturally and socially so diverse, Public Affairs Centre (PAC) has developed PAl as a unique statistical tool to evaluate the performance of governance in the States. PAl is largely based on secondary data and has been extracted from Union Government Ministries and Departments. . PAl 2018 comprises of 10 broad themes, 30 focus subjects and a gamut of 100 indicators. In addition, there is a special chapter on the Children of India describing in detail various issues regarding the manner in which we deal with our future citizens.


  23. QUESTION 10 Consider the following statements in relation to the 'Military Exercise Surya Kiran': 1. It is joint exercise between India and Myanmar. 2. It focuses on counter terrorism Which of the statements given above is/are correct? A. 1 Only B. 2 Only C. Both 1 and 2 D. Neither 1 nor 2 and forest fighting operations.


  24. QUESTION 10 Consider the following statements in relation to the 'Military Exercise Surya Kiran': 1. It is joint exercise between India and Myanmar. 2. It focuses on counter terrorism Which of the statements given above is/are correct? . 10nly B. 2 Only C. Both 1 and 2 D. Neither 1 nor 2 and forest fighting operations.


  25. Surya Kiran . India and Nepal held their joint military exercise in the western part of the Himalayan country, focusing on counter-terrorism and forest fighting operations. The exercise- Surya Kiran - was being participated by around 300 troops each side in Rupandehi district. According to the Indian Army officials, the Surya Kiran is the largest joint exercise in terms of troop participation


  26. Pradhan Mantri Vaya Vandana Yojana (PMVVY) It is a Pension Scheme announced by the Government of India ly for the senior citizens aged 60 years and above which is exclusivel available from 4th May, 2017 to 31st March, 2020. . The PMVVY is being implemented through Life Insurance Corporation of India (LIC) to provide social security during old age and protect elderly persons aged 60 years and above against a future fall in their interest income due to uncertain market conditions . According to the recent amendments by the government, the investment limit of Rs 7.5 lakh per family in the existing scheme is enhanced to Rs 15 lakh per senior citizen in the modified PMVVY, thereby providing a larger social security cover to the Senior citizens. It will enable upto Rs.10000 Pension per month for Senior Citizens.


  27. QUESTION 12 "Battlefield Tourism" is an initiative A. initiative by India and China to declare disputed territories as peace parks of Archeological Survey of India to commemorate battle of Mahabharata in Kurukshetra B. of Ministry of Human Resource Development to generate national consciousness through Indian documentaries on Quit India movement. C. D. to promote those historical sites where Indian soldiers have fought and died over the ages as a tourism strategy


  28. QUESTION 13 Consider the following statements regarding South Asia Wildlife Enforcement Network (SAWEN): 1. It is an inter-governmental wildlife law enforcement support body aimed at combating wildlife crime in South Asia 2. It has been established under the aegis of the South Asian Association for Regional Cooperation (SAARC) 3. Its statute has not been adopted by India Which of the statements given above is/are correct? A. 1 only B. 1and 2 only C. 2 and 3 only D. 1, 2 and3


  29. South Asia Wildlife Enforcement Network (SAWEN) It is an inter-governmental wildlife law enforcement support body of South Asian countries namely- Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. . It is aimed at combating wildlife crime in South Asia It was formally launched during the Second Meeting of the South Asia Experts Group on Illegal Wildlife Trade held in 2011 in Paro, Bhutan India adopted the statute in 2016.


  30. QUESTION 14 Rim of the Pacific (RIMPAC) 2018, the largest international maritime exercise in the world was recently held. In this context, consider the following statements regarding it: 1. It was hosted by China. 2. It was held in the South China Sea. 3. India did not participate in this exercise. Select the correct answer using the code given below. A. 1 and 2 only B. 1/ 2 and 3 C. 2 only D. None


  31. QUESTION 15 The term Net Stable Funding Ratio sometimes seen in the news, is related to A. IMF quota reforms B. Carbon trading norms C. BASEL Norms D. WTO


  32. Net Stable Funding Ratio As per global regulatory standards on liquidity, there are two minimum standards for funding liquidity: Net Stable Funding Ratio or NSFR and LCR or Liquidity Coverage Ratio . Reserve Bank of India (RBI) released final guidelines prescribing 100 percent net stable funding ratio (NSFR), a long-term liquidity measurement included in the Basel II liquidity standards.


  33. Beidou satellite navigation network 29 satelli between 200O and November 2017. including 2 third-generatiop satellites launched Nov 5. 16 satellites to be OOOO0O launched by end of 2018 0 Launches in 2019 and 2020 will comprise 2 into geostationary orbits 3 6 into into medium inclined Earth orbits geosyn chronous satellite orbits By end of 2020: Network will consist of more than 30 satellites (several now in orbit will be decommissioned) to give global coverage. Third-generation satellites: They are more accurate. stable and with better signal clarity. and also more compatible with GPS GLONASS and Galileo systems. Source: China Satellite Navigation Office CHINA DAILY