Daily Prelims Practice Questions:
1)Which one of the following reports/indices is not compiled by the World Economic Forum?
a) Global Financial Stability Report
b) Global Competitiveness Index
c) Global Gender Gap Report
d) Global Risks Report
2)Article 239AA of the Indian constitution is associated with
a) Constitution and composition of panchayats
b) Administration of scheduled areas and tribal areas
c) Extent of laws made by Parliament and by the legislatures of states
d) Special provisions with respect to Delhi
3) A ‘Bank Run’
(a) Is a situation in which a bank that is authorised to hold the assets and liabilities of an insolvent bank can no longer meet its own financial obligations
(b) Is an oft-witnessed chain reaction in which lowering of interest rates by one bank forces others to do the same
(c) Refers to the phenomenon of predatory pricing of loans in order to “poach” customers of competitor banks
(d) Occurs when a large number of customers of a bank withdrawing their deposits simultaneously
4)Which state of India was the first to enact a ‘Food and Nutrition Security’ law?
(a) Bihar
(b) Chattisgarh
(c) Odisha
(d) Andhra Pradesh
1)CCEA approves continuation of Urea Subsidy Scheme till 2020 :-
The Cabinet Committee on Economic Affairs has approved the continuation of Urea Subsidy Scheme from 2017 to 2020.
The Cabinet also approved implementation of Direct Benefit Transfer (DBT) for disbursement of fertilizer subsidy.
The continuation of the urea subsidy scheme will ensure that adequate quantity of urea is made available to the farmers at statutory controlled price. Implementation of DBT in Fertilizer Sector will reduce diversion and plug the leakages.
Department of Fertilizers is in the process to roll out DBT in fertilizer sector nationwide.
2)In civic ranking, Pune is Maximum City:- The Annual Survey of India’s CitySystems (ASICS) 2017, which uses 150 parameters to judge 23 cities, has placed Pune at the top and Bengaluru at the bottom of the rankings.
The survey, carried out by the NGO Janaagraha Centre for Citizenship and Democracy.
3)ED wants a Red Corner Notice by INTERPOL in Nirav Modi's case :
Let's see different types of INTERPOL NOTICES
What is Red Corner Notice : It is issued by Interpol to seek location and arrest of wanted persons with a view to extradition or similar lawful action.
Yellow Notice: This helps locate missing persons, often minors, or to help identify persons who are unable to identify themselves.
Black Notice is issued by Interpol to seek information on unidentified bodies.
Green Notice is issued to provide warnings and intelligence about persons who have committed criminal offences and are likely to repeat these crimes in other countries.
4)About 80:20 gold scheme:
The scheme was introduced in in August 2013 with the aim of curbing gold imports. Under the scheme, up to 80% of gold imports could be sold in the country and while at least 20% of imports had to be exported before bringing in new consignments of the yellow metal.
5)The Philippines is pulling out its support from the International Criminal Court (ICC) in protest against the “baseless” and “outrageous” attacks against the administration as well as violations of due process.
About ICC:
The International Criminal Court (ICC), located in The Hague, is the court of last resort for prosecution of genocide, war crimes, and crimes against humanity.
It is the first permanent, treaty based, international criminal court established to help end impunity for the perpetrators of the most serious crimes of concern to the international community.
Its founding treaty, the Rome Statute, entered into force on July 1, 2002.
6)Newton-Bhabha Fund for arsenic research in Ganga basin :- An India-UK Joint Team has won the Newton-Bhabha Fund for a project on Groundwater Arsenic Research in Ganga River Basin.
About Newton Bhabha Fund:- It is provided by the British Council. It aims to bring together UK and Indian scientific research and innovation sectors to find joint solutions to the challenges facing India in economic development and social welfare.
7)World Hindi Secretariat building has been inaugurated in Mauritius.
8)Angela Merkel elected to fourth term as German chancellor.
9)The Indian Council of Medical Research (ICMR) was awarded 2017 Kochon Prize for building tradition of excellence in Tuberculosis (TB) research and development.
The ICMR is India’s apex scientific body for the formulation, coordination and promotion of biomedical research. It was established in 1911 as Indian Research Fund Association (IRFA).
The Kochon Prize is awarded annually by Stop TB Partnership to individuals and organizations that have made significant contribution to combating the disease.
1)Which one of the following reports/indices is not compiled by the World Economic Forum?
a) Global Financial Stability Report
b) Global Competitiveness Index
c) Global Gender Gap Report
d) Global Risks Report
2)Article 239AA of the Indian constitution is associated with
a) Constitution and composition of panchayats
b) Administration of scheduled areas and tribal areas
c) Extent of laws made by Parliament and by the legislatures of states
d) Special provisions with respect to Delhi
3) A ‘Bank Run’
(a) Is a situation in which a bank that is authorised to hold the assets and liabilities of an insolvent bank can no longer meet its own financial obligations
(b) Is an oft-witnessed chain reaction in which lowering of interest rates by one bank forces others to do the same
(c) Refers to the phenomenon of predatory pricing of loans in order to “poach” customers of competitor banks
(d) Occurs when a large number of customers of a bank withdrawing their deposits simultaneously
4)Which state of India was the first to enact a ‘Food and Nutrition Security’ law?
(a) Bihar
(b) Chattisgarh
(c) Odisha
(d) Andhra Pradesh
1)CCEA approves continuation of Urea Subsidy Scheme till 2020 :-
The Cabinet Committee on Economic Affairs has approved the continuation of Urea Subsidy Scheme from 2017 to 2020.
The Cabinet also approved implementation of Direct Benefit Transfer (DBT) for disbursement of fertilizer subsidy.
The continuation of the urea subsidy scheme will ensure that adequate quantity of urea is made available to the farmers at statutory controlled price. Implementation of DBT in Fertilizer Sector will reduce diversion and plug the leakages.
Department of Fertilizers is in the process to roll out DBT in fertilizer sector nationwide.
2)In civic ranking, Pune is Maximum City:- The Annual Survey of India’s CitySystems (ASICS) 2017, which uses 150 parameters to judge 23 cities, has placed Pune at the top and Bengaluru at the bottom of the rankings.
The survey, carried out by the NGO Janaagraha Centre for Citizenship and Democracy.
3)ED wants a Red Corner Notice by INTERPOL in Nirav Modi's case :
Let's see different types of INTERPOL NOTICES
What is Red Corner Notice : It is issued by Interpol to seek location and arrest of wanted persons with a view to extradition or similar lawful action.
Yellow Notice: This helps locate missing persons, often minors, or to help identify persons who are unable to identify themselves.
Black Notice is issued by Interpol to seek information on unidentified bodies.
Green Notice is issued to provide warnings and intelligence about persons who have committed criminal offences and are likely to repeat these crimes in other countries.
4)About 80:20 gold scheme:
The scheme was introduced in in August 2013 with the aim of curbing gold imports. Under the scheme, up to 80% of gold imports could be sold in the country and while at least 20% of imports had to be exported before bringing in new consignments of the yellow metal.
5)The Philippines is pulling out its support from the International Criminal Court (ICC) in protest against the “baseless” and “outrageous” attacks against the administration as well as violations of due process.
About ICC:
The International Criminal Court (ICC), located in The Hague, is the court of last resort for prosecution of genocide, war crimes, and crimes against humanity.
It is the first permanent, treaty based, international criminal court established to help end impunity for the perpetrators of the most serious crimes of concern to the international community.
Its founding treaty, the Rome Statute, entered into force on July 1, 2002.
6)Newton-Bhabha Fund for arsenic research in Ganga basin :- An India-UK Joint Team has won the Newton-Bhabha Fund for a project on Groundwater Arsenic Research in Ganga River Basin.
About Newton Bhabha Fund:- It is provided by the British Council. It aims to bring together UK and Indian scientific research and innovation sectors to find joint solutions to the challenges facing India in economic development and social welfare.
7)World Hindi Secretariat building has been inaugurated in Mauritius.
8)Angela Merkel elected to fourth term as German chancellor.
9)The Indian Council of Medical Research (ICMR) was awarded 2017 Kochon Prize for building tradition of excellence in Tuberculosis (TB) research and development.
The ICMR is India’s apex scientific body for the formulation, coordination and promotion of biomedical research. It was established in 1911 as Indian Research Fund Association (IRFA).
The Kochon Prize is awarded annually by Stop TB Partnership to individuals and organizations that have made significant contribution to combating the disease.
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