THE EXAMS MADE SIMPLE: 23rd February 2018 The Hindu and PIB Daily News Analysis

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23rd February 2018 The Hindu and PIB Daily News Analysis

Prelims Practice Questions:-

The 6th edition of annual joint military exercise ‘Garuda Shakti-2018’ has started between India and which country?

[A] Indonesia
[B] Brazil
[C] Sri Lanka
[D] Myanmar

Who will chair the NITI Forum for Northeast, which will be set up by the Union Government?

[A] Vice-Chairman of NITI Aayog
[B] Minister of State (I/C)
[C] Ministry of Development of Northeastern Region (DoNER)
[D] All of the above

Which state government has recently made vaccinations compulsory for school admissions?

[A] Karnataka 
[B] Punjab
[C] Uttar Pradesh
[D] Kerala

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1)Petro: Venezuela becomes first country to launch virtual currency:-Venezuela become first sovereign country to officially launch its own cryptocurrency called Petro backed by oil, gas, gold and diamond reserves to circumvent US-led financial sanctions.

Venezuela, an OPEC member has one of the largest oil reserves in the world. It has over 300 billion barrels oil reserves — largest in the world.


2)India to host first International Solar Alliance summit:- India is going to host first International Solar Alliance (ISA) summit in March 2018 in New Delhi.

The ISA was one of key takeaways at Paris Climate summit, 2015 (2015 UN Climate Change Conference, COP 21 or CMP 11).

It is aimed at tapping solar energy in the countries that lie partially or fully between Tropics of Cancer and Capricorn.

ISA is first treaty-based intergovernmental organisation (entered into force in December 2017) to be headquartered at Gurugram, India.

3)Electoral Bearer Bond Scheme 2018:-

As per provisions of the Scheme:-

Electoral Bonds may be purchased by a person, who is a citizen of India or incorporated or established in India.

A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals.

Only the Political Parties registered under  section 29A  of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last general election to the House of the People or  the  Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds.

The Bond shall be encashed by an eligible political party only through a bank account with the authorized bank.

 State Bank of India (SBI) has been authorised to issue and encash Electoral Bonds initially.

4)India has been ranked 81st out of 180 countries in the global Corruption Perception Index (CPI) for 2017, released by Transparency International (TI), which named the country among the “worst offenders” in terms of graft and press freedom in the Asia Pacific region. In 2016 India was in the 79th place among 176 countries.


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