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MCQs 26-04-2018

 

1.Consider the following statements about the Innovate in India for Inclusiveness Project.

  • This project aims to nurture indigenous innovation and accelerated commercialization process in local handicrafts industry in India.
  • The Union Government has signed a Loan Agreement with the International monetary fund for credit of US$ 125.

 

Which of the above statement is/are correct?

  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither 1 nor 2

 

Answer: d

Explanation:

  • The objective of project is to nurture indigenous innovation, foster local product development and accelerate commercialization process in biopharmaceutical and medical devices industry in India.
  • The Union Government (Ministry of Finance) has signed a Loan Agreement with the World Bank for IBRD credit of US$ 125.

 

  1. Consider the following statements with respect to Warangal Dhurries.
  • Dhurries is traditional thick cotton rug with different patterns made of vegetable colours.
  • The dhurries products are exported mainly to US and China.
  • The Warangal dhurries have been awarded with a GI tag.

 

Choose the incorrect answer using the codes below.

  • 1 only
  • 2 only
  • 1 and 3 only
  • None of the above

 

Answer: b

Explanation:

  • Dhurries is a popular traditional thick cotton rug in which weavers create beautiful patterns and dye them using vegetable colours, which are washed in flowing water after the printing process.
  • The products are exported mainly to UK, Germany along with few other European and African countries.
  • Chennai based Geographical Indication Registry has recently awarded Geographical Indication (GI) Tag to Warangal Dhurries.
  1. Consider the following statements regarding 73rd Amendment Act of 1992.
  • It added a new Part IX to the constitution.
  • It added a new Tenth schedule to the constitution.
  • It implemented the article 39 of Directive Principles of State Policy.

 

Which of the above statement is/are correct?

  • 1 only
  • 2 and 3 only
  • 1 and 2 only
  • All of the above

 

Answer: a

  • Explanation:
  • The 73rd Amendment Act of 1992 added a new Part IX to the constitution titled “The Panchayats” covering provisions from Article 243 to 243(O).
  • It added a new Eleventh schedule to the constitution covering 29 subjects within the functions of the Panchayats.
  • It implemented article 40 of DPSP which says that “State shall take steps to organise village panchayats and endow them with such powers and authority as may be necessary to enable them to function as units of self-government.”
  1. 4. SAFAR is widely used model for forecasting in India. It is used for which of the following?
  • Air Pollution
  • Rain
  • Cyclone
  • Earthquake

 

Answer: a

Explanation:

  • SAFAR stands for System of Air Quality Forecasting and Research.
  • SAFAR provides information on air quality on an hourly basis and forecast pollution levels 24 hours in advance.
  • It is a computerized system jointly developed by Indian institute of Tropical Meteorology (IITM), Pune (under Ministry of Earth Science) and India Meteorological Department (IMD).
  1. Which committee recommended the establishment of Central Vigilance Commission?
  • Sarkariya Committee
  • Santhanam Committee
  • Balwant rai Mehta Committee
  • Narshingham Committee

 

Answer: b

Explanation:

  • The CVC was set up by the Government of Indiain February, 1964 on the recommendations of the Committee on Prevention of Corruption, headed by Shri  Santhanam, to advise and guide Central Government agencies in the field of vigilance

 

  1. Which of the following is true in regard to Adilabad Dokra.
  • It is a form of metal craft practiced by Woj community of Karnataka.
  • The Woj families create articles of local deities, dancing figures, bells, jewellery, statues and many other decorative items, etc.
  • The Adilabad Dokra has been awarded with a Geographical Indication tag.

 

Choose the correct answer using the codes below.

  • 1 only
  • 2 and 3 only
  • 1 and 3 only
  • All of the above

 

Answer: b

Explanation:

  • It is form of ancient bell metal craft practiced by Woj community native to Adilabad district of Telangana.
  1. Consider the following statements regarding Earth BioGenome Project (EBP).
  • The EBP project proposes a detailed genome-sequence draft of every species in the world.
  • This project is carried out by the Biotech Research Society of India.

 

Choose the correct answer using the codes below.

  • 1 only
  • 2 only
  • Both 1 and 2
  • None

 

Answer: d

Explanation:

  • The EBP project proposes a detailed genome-sequence draft of every eukaryote species only.
  • Sequencing such a large number of organisms will require innovative computation- and-storage solutions and the programming acumen of many thousands across the world.
  • The EBP has a 10-year road map and hopes to sequence about 1.5 million eukaryote species in three phases.
  • This exercise needs global collaboration and can have many benefits.

 

  1. Consider the following statements in relation to the ‘Capital account convertibility’.
  • India has full current account convertibility but not full capital account convertibility.
  • Capital account convertibility beneficial for a country because inflow of foreign investment increases.
  • Capital account convertibility brings stability in the economy.

 

Choose the correct answer using the codes below.

  • 2 only
  • 1 and 2 only
  • 1 and 3 only
  • All the above

 

Answer: b

Explanation:

  • Capital account convertibility means the freedom to convert rupees into foreign currency and back for capital transactions.
  • India has full current account convertibility but not full capital account convertibility.
  • There are ceilings on government and corporate debt, external commercial borrowings and equity.
  • It leads to free exchange of currency at lower rates and an unrestricted mobility of capital.
  • It is beneficial for a country because inflow of foreign investment increases.
  • The flip side, though, is that it could destabilize an economy due to massive capital flows in and out of the country.

 

 

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