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Current Affairs for IAS Prelims Exam 2017: 13 April 2017

Apr 13, 2017 12:00 IST

Current Affairs Quiz

Current affairs quizzes provided in this article are best for IAS preparation and it covers important topics of national and international importance. Go through the current affair quizzes and check your own level of IAS preparation.

Current Affairs for IAS Prelims Exam 2017- 12 April 2017

1. Recently, the Union Cabinet has approved the “Signing and Ratification of MoU for Establishment of the BIMSTEC Grid Interconnection”. Consider the following statements regarding the BIMSTEC:
I. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia viz. Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
II. The "Plan of Action for Energy Cooperation in BIMSTEC" was formulated in the first BIMSTEC Energy Ministers' Conference held in New Delhi on October 4, 2005.
III. In this plan, under the "BIMSTEC Trans-Power Exchange and Development Project", it was decided that a Task Force led by Thailand, with representatives of member countries, will give a report on draft MoU for grid interconnections.

Which of the following statement(s) is/are correct?
a. Only I
b. I and II
c. II and III
d. All of the above

Answer: d

Explanation:

The Union Cabinet has approved the proposal of the Ministry of Power for Signing of "Memorandum of Understanding for Establishment of the BIMSTEC Grid Interconnection". It will be signed by member states of BIMSTEC at the upcoming 3rd BIMSTEC Energy Ministers' Meeting to be held in Nepal shortly.

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia viz. Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The "Plan of Action for Energy Cooperation in BIMSTEC" was formulated in the first BIMSTEC Energy Ministers' Conference held in New Delhi on October 4, 2005. In this plan, under the "BIMSTEC Trans-Power Exchange and Development Project", it was decided that a Task Force led by Thailand, with representatives of member countries, will give a report on draft MoU for grid interconnections.

Total five meetings Task Force for BIMSTEC on Trans-power Exchange were held and the draft MoU for the establishment of BIMSTEC Grid Interconnection was finalised by the Task Force on 16th Mar 2015. In the BIMSTEC Leaders' Retreat 2016, held in Goa on 16th October 2016, the Leaders decided to expedite the signing of the MoU on BIMSTEC Grid Interconnection. Eventually, during the 4th meeting of BIMSTEC Senior Officials on Energy held on 11th-12th January 2017, the MoU was discussed and finalised.

Current Affairs for IAS Prelims 2017- March 2017

2. Which Indian state has adopted a new draft population policy that denies government jobs to people with more than two children?
a. West Bengal
b. Assam
c. Bihar
d. All of the above

Answer: b

Explanation:

The Assam government recently announced a draft population policy which suggested denial of government jobs to people with more than two children and making education up to university level free for all girls.

Any person getting a job after meeting this condition would have to maintain it till the end of his service. For employment generation schemes like grant of tractors, houses and for other government benefits, this two-child norm will be applicable.

Besides, all elections such as panchayats, municipal bodies and autonomous councils held under the State Election Commission will also have this norm for candidates. The policy proposes to set up a State Population Council and a State Population Research Centre. The proposed population policy would seek to debate on increasing the legal age of marriage from 18 for girls and 21 for boys. If anybody had child marriage then he would be ineligible for a government job. The policy would also seek stringent laws to prevent violence and sexual abuse of women.

Current Affairs Quizzes of February 2017

3. Recently, the Goods and Services Tax Network (GSTN) was in the news as it will encrypt the data submitted by businesses and have firewalls to prevent leaks. Consider the following statements in this regard:
1) Goods and Services Tax Network (GSTN) is a non-Government, private limited company.
2) 10% equity is with non-Government financial institutions.
3) The Company has been set up primarily to provide IT infrastructure and services to the Governments for implementation of the Goods and Services Tax (GST).

Which of the above statements is true?
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 1, 2 and 3

Answer: c

Explanation:

Goods and Services Tax Network (GSTN) is a Section 8 (under new companies Act, not for profit companies are governed under section 8), non-Government, private limited company. It was incorporated on March 28, 2013.

The Government of India holds 24.5% equity in GSTN and all States of the Indian Union, including NCT of Delhi and Puducherry, and the Empowered Committee of State Finance Ministers (EC), together hold another 24.5%. Balance 51% equity is with non-Government financial institutions.

The company has been set up primarily to provide IT infrastructure and services to the Central and State Governments, taxpayers and other stakeholders for the implementation of the Goods and Services Tax the (GST). The Authorised Capital of the company is Rupees ten crore only.

ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

4. Recently, the Union Cabinet has approved setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh. Consider the following statements regarding the Indian Institute of Petroleum and Energy (IIPE):
I. The Institute will have the governance structure as well as legal mandate to grant degrees in a manner similar to that enjoyed by IITs.
II. A separate Act will also impart the required status to the Institute to become a "Centre of Excellence" in petroleum and energy studies.
III. The objective is to meet the quantitative and qualitative gap in the supply of skilled manpower for the petroleum sector and to promote research activities needed for the growth of the sector.

Which of the following statement(s) is/are correct?
a. Only I
b. I and II
c. II and III
d. All of the above

Answer: d

Explanation:

The Union Cabinet has given its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh as "an Institute of National Importance" through an Act of Parliament. The Institute will have the governance structure as well as legal mandate to grant degrees in a manner similar to that enjoyed by IITs. A separate Act will also impart the required status to the Institute to become a "Centre of Excellence" in petroleum and energy studies.

The Union Cabinet has also approved Rs 655.46 crore as capital expenditure to set up IIPE and contribution of Rs 200 crore towards its Endowment Fund (in addition to a contribution of Rs 200 crore from Oil Companies towards the Endowment Fund).

As committed under the 13 Schedule of Andhra Pradesh Reorganization Act, 2014, it has been decided to set up this Institute. The objective is to meet the quantitative and qualitative gap in the supply of skilled manpower for the petroleum sector and to promote research activities needed for the growth of the sector. The academic and research activities of IIPE will derive strength from the Institute's proximity to sector-related activities such as KG-Basin, Visakhapatnam refinery and the planned Petrochemical complex at Kakinada.

Union Budget 2017 Questions for IAS Exam

5. Recently, the Union Cabinet has approved the policy to provide Purchase Preference (linked with Local Content (PP-LC) in all Public Sector Undertakings under Ministry of Petroleum & Natural Gas. Consider the following statements regarding this policy:
I. The Policy will be applicable for five years and a steering committee will be constituted to oversee implementation of the Policy and carry out annual review and recommend continuation of the policy from year to year basis.
II. Under the Policy, the targets of Local Content (LC) will be stipulated for certain oil and gas business activities.

Which of the following statement(s) is/are correct?
a. Only I
b. Only II
c. Both I and II
d. Neither I nor II

Answer: c

Explanation:

The Union Cabinet has given its approval for Policy to provide Purchase Preference (linked with Local Content (PP-LC) in all Public Sector Undertakings under Ministry of Petroleum & Natural Gas. The Policy will be applicable for five years. A steering committee will be constituted to oversee implementation of the Policy and carry out annual review and recommend continuation of the policy from year to year basis.

Under the Policy, the targets of Local Content (LC) will be stipulated for certain oil and gas business activities. The manufacturers/ service providers who meet the local content targets and whose quoted price is within 10% of the lowest valid price bid would be eligible for purchase preference for a stipulated portion of the purchase order on matching such price.

The Policy is expected to encourage suppliers and service providers to progressively adopt 'Make in India' practices and add value to their goods and services within the country.
The Policy will apply to all the Public Sector Enterprises and their wholly owned subsidiaries, Joint Ventures that have 51% or more equity by one or more Public Sector Enterprises, attached and subordinate offices of Ministry of Petroleum and Natural Gas.

Current Affairs Quizzes 2016 for IAS Prelims 2017

Highlights
  • Citing safety concerns, non-Kashmiri students demand
  • They are also calling for action against cops who lathicharged students
  • NIT campus has been tense since students clashed over Indias T20 defeat

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