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 2022. 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.
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Puucho 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 points
Consider the following statements regarding Intermediate-Range Nuclear Forces Treaty (INF Treaty).
It was an arms control treaty between the United States and the Soviet Union.
The treaty banned all ballistic missiles, cruise missiles, air- or sea-launched missiles.
Which of the above statements is/are correct?
Correct
Solution: a)
INF Treaty was an arms control treaty between the United States and the Soviet Union (and its successor state, the Russian Federation).
The INF Treaty banned all of the two nations’ land-based ballistic missiles, cruise missiles, and missile launchers with ranges of 500–1,000 kilometers (short medium-range) and 1,000–5,500 km (intermediate-range). The treaty did not apply to air- or sea-launched missiles.
The US formally suspended the treaty on 1 February 2019, and Russia did so on the following day in response. The United States claim for the withdrawal was to counter a Chinese arms buildup in the Pacific, including within the South China Sea, as China was not a signatory to the treaty.
Incorrect
Solution: a)
INF Treaty was an arms control treaty between the United States and the Soviet Union (and its successor state, the Russian Federation).
The INF Treaty banned all of the two nations’ land-based ballistic missiles, cruise missiles, and missile launchers with ranges of 500–1,000 kilometers (short medium-range) and 1,000–5,500 km (intermediate-range). The treaty did not apply to air- or sea-launched missiles.
The US formally suspended the treaty on 1 February 2019, and Russia did so on the following day in response. The United States claim for the withdrawal was to counter a Chinese arms buildup in the Pacific, including within the South China Sea, as China was not a signatory to the treaty.
Question 2 of 5
1 points
Consider the following statements.
The Unemployment Rate is the percentage of people in the labour force who demanded work but did not get it.
The labour force includes those who are employed and those who are looking for work but unable to get it.
The fall in Unemployment Rate happens only when more jobs are created.
Which of the above statements is/are correct?
Correct
Solution: b)
The Unemployment Rate (or UER) is the percentage of people in the labour force who demanded work but did not get it.
Under normal circumstances, the UER is a perfectly fine metric to track unemployment but in India’s case, and especially over the past decade, UER is becoming ineffective in accurately assessing the true level of unemployment distress. That’s because the labour force itself has been shrinking rapidly.
The labour force includes those who are employed and those who are looking for work but unable to get it (i.e. unemployed).
So, what has been happening over the past decade is that the Labour Force Participation Rate in India has been falling. As such, often when it appears that UER has fallen, it is not because more jobs have been created but because fewer people have demanded jobs (in other words, the LFPR has fallen).
Since millions do not formally “demand” work, there is an undercounting of unemployed people in India. This is why UER fails to adequately capture the unemployment distress in India.
The Unemployment Rate (or UER) is the percentage of people in the labour force who demanded work but did not get it.
Under normal circumstances, the UER is a perfectly fine metric to track unemployment but in India’s case, and especially over the past decade, UER is becoming ineffective in accurately assessing the true level of unemployment distress. That’s because the labour force itself has been shrinking rapidly.
The labour force includes those who are employed and those who are looking for work but unable to get it (i.e. unemployed).
So, what has been happening over the past decade is that the Labour Force Participation Rate in India has been falling. As such, often when it appears that UER has fallen, it is not because more jobs have been created but because fewer people have demanded jobs (in other words, the LFPR has fallen).
Since millions do not formally “demand” work, there is an undercounting of unemployed people in India. This is why UER fails to adequately capture the unemployment distress in India.
The Financial Stability Report by RBI looks at which of the following aspects?
Are different sectors of the economy able to get credit for economic activity.
Do Indian banks (both public and private) have enough capital to run their operations.
Are the levels of bad loans (or non-performing assets) within manageable limits.
Select the correct answer code:
Correct
Solution: d)
The FSR looks at questions like do Indian banks (both public and private) have enough capital to run their operations?Are the levels of bad loans (or non-performing assets) within manageable limits?Are different sectors of the economy able to get credit (or new loans) for economic activity such as starting a new business or buying a new house or car?
Incorrect
Solution: d)
The FSR looks at questions like do Indian banks (both public and private) have enough capital to run their operations?Are the levels of bad loans (or non-performing assets) within manageable limits?Are different sectors of the economy able to get credit (or new loans) for economic activity such as starting a new business or buying a new house or car?
Question 4 of 5
1 points
Which of the following are the Uses and possibilities of blockchain technology?
Fast bank transactions
Secure legal documents and personal documents.
Digital voting
Digital identification
Select the correct answer code:
Correct
Solution: d)
Uses and possibilities of blockchain are:
Confidential communication of cryptocurrency.
Safe, cost effective and fast bank transactions.
Secure legal documents, health data, notaries and personal documents.
Distribution of land records and government financial assistance.
Cloudstorage, digital identification, smart communication and digital voting.
Incorrect
Solution: d)
Uses and possibilities of blockchain are:
Confidential communication of cryptocurrency.
Safe, cost effective and fast bank transactions.
Secure legal documents, health data, notaries and personal documents.
Distribution of land records and government financial assistance.
Cloudstorage, digital identification, smart communication and digital voting.
Question 5 of 5
1 points
Which of the following countries are not members of both BIMSTEC and SAARC?
Maldives
Bhutan
Myanmar
Sri Lanka
Select the correct answer code:
Correct
Solution: b)
The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
SAARC member states are Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.
Incorrect
Solution: b)
The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
SAARC member states are Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.
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