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Current Affairs for IAS Prelims Exam 2017: 21 March 2017

Mar 21, 2017 12:23 IST

Current Affairs QuizFor IAS Exam, it is very important to study current affairs on a daily basis. The IAS aspirants must put their efforts to study current affairs meticulously because it will make a difference in IAS Mains Exam also.

Here, we have developed current affairs quiz based on the recent events are very useful for IAS Exam preparation.

Current Affairs for IAS Exam- 11th to 17th March 2017

1. Recently, the APTA Ministerial Council in its meeting held on 13th January, 2017 has formally approved the implementation of the fourth round of exchange of tariff concessions. Consider the following statements regarding the Asia Pacific Trade Agreement (APTA):
I.    The Asia Pacific Trade Agreement (APTA, formerly the Bangkok Agreement) is an Agreement signed since 1975.
II.    The current membership of APTA consists of six countries, namely, Bangladesh, China, India, Lao PDR, Republic of Korea, and Sri Lanka.
III.    Three Rounds of tariff concessions have already been exchanged among the member countries till 2003.

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 Asia Pacific Trade Agreement (APTA, formerly the Bangkok Agreement) is an Agreement signed since 1975. The current membership of APTA consists of six countries, namely, Bangladesh, China, India, Lao PDR, Republic of Korea, and Sri Lanka. Three Rounds of tariff concessions have already been exchanged among the member countries till 2003. The tariff concessions being granted to APTA member States, on Margin of Preference basis, are being expanded under the fourth round of exchange of tariff concessions. The APTA Ministerial Council in its meeting held on 13th January, 2017 has formally approved the implementation of the fourth round of exchange of tariff concessions.

APTA is a preferential treaty based on Margin of Preference. Concessions on tariff lines offered by China and Korea, inter-alia, cover certain textiles and chemical products, which are likely to benefit the Indian exporters. Some of items on which concessions have been offered by China and Korea include certain organic and inorganic chemicals, knitted and crocheted fabrics, and articles of apparel and clothing accessories etc.

A complete set of Current Affairs Quizzes- February 2017

2. Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:
I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.
II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.
III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.

Which of the above statements is correct?
a.    I and II
b.    II and III
c.    Only I
d.    I, II and III

Answer: c

Explanation:

The Finance Minister in his Budget Speech has mentioned that country-wide outreach efforts will be made to explain the provisions of GST to Trade and Industry. The Union Cabinet has approved four GST related bills namely, the Central Goods and Services Tax Bill 2017 (The CGST Bill), the Integrated Goods and Services Tax Bill 2017 (The IGST Bill), the Union Territory Goods and Services Tax Bill 2017 (The UTGST Bill) and the Goods and Services Tax (Compensation to the States) Bill 2017 (The Compensation Bill).

Some features of these bills are as follows:

•    The CGST Bill makes provisions for levy and collection of tax on intra-state supply of goods or services for both by the Central Government.

•    The IGST Bill makes provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.

•    The UTGST Bill makes provisions for the levy on a collection of tax on intra-UT supply of goods and services in the Union Territories without a legislature.

•    The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.

A complete set of Current Affairs Quizzes- January 2017

3. Which of the following initiatives taken in recent years for the implementation of the SEZ policy in the country is correct?
a.    Minimum Land Area requirement for setting up of new SEZs has been reduced to 50%.
b.    A new 'agro-based food processing' sector has been introduced to encourage agro-based industries in SEZs.
c.    Online processing of various activities relating to SEZ Developers and Units has been introduced.
d.    All of the above

Answer: d

Explanation:

The Government periodically reviews the policy and operational framework of SEZs and takes necessary measures so as to facilitate speedy and effective implementation of SEZ policy.  Many initiatives have been taken in recent years for implementation of the SEZ policy in the country and resolve the issues therein.

Minimum Land Area requirement for setting up of new SEZs has been reduced to 50% for Multi-product and Sector-specific SEZs. Sectoral broad-banding has been introduced to encompass similar/related areas under the same Sector.

A new sector 'agro-based food processing' sector has been introduced to encourage agro-based industries in SEZs. Dual use of facilities like Social & Commercial infrastructure by SEZs and non-SEZs entities has been allowed in order to make SEZ operations more viable. Online processing of various activities relating to SEZ Developers and Units has been introduced for improving ease of doing business.

ECONOMIC SURVEY 2016-17

4. India has committed to reduce emissions intensity of its GDP in its Nationally Determined Contribution (NDC) submitted to the United Nations Framework Convention on Climate Change (UNFCCC). Consider the following statements regarding the NDC:
I. The NDC was framed by adopting an inclusive process of consultations with key Ministries, State Governments, civil society organisations, think-tanks, and technical and academic institutions.
II. Following the Paris Agreement, the Missions continue to contribute to the declared goal of reduction of emissions intensity of GDP as also other sustainable development goals outlined in the NDC.

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:

Emission Intensity is calculated by dividing ‘Total greenhouse gas (GHG) emissions’ by ‘Total Gross Domestic Product (GDP)’ of a country. India has committed to reduce emissions intensity of its GDP in its Nationally Determined Contribution (NDC) submitted to the United Nations Framework Convention on Climate Change (UNFCCC). Goal of reducing Emissions intensity of GDP allows a country to reduce its emissions even while its GDP grows. The NDC was framed by adopting an inclusive process of consultations with key Ministries, State Governments, civil society organisations, think-tanks, and technical and academic institutions.

Each country has chosen its own metric for climate action. Many other developing countries also use Emission Intensity of GDP for the purpose. Each Mission under the National Action Plan on Climate Change (NAPCC) is independently anchored by respective Ministries in-charge of implementing the Mission. Following the Paris Agreement, the Missions continue to contribute to the declared goal of reduction of emissions intensity of GDP as also other sustainable development goals outlined in the NDC.

Union Budget 2017 Questions

5. The Extra Mural Research Scheme under Ministry of AYUSH provides grant to Public/Private research organization which are competent to undertake project in the field Ayurveda, Yoga & Natoturopathy, Unani Siddha and Homoeopathy. Consider the following statements regarding the Extra Mural Research (EMR) scheme:
I. The scheme was formulated in the year 1999 and has been lately amended in November, 2014.
II. The total No. of the project funded under this scheme is 211, out of which a total of 141 projects have been completed.
III. The scheme has attracted the best scientists from reputed organizations, viz. All India Institute of Medical Sciences (AIIMS), National Institute of Mental Health & Neuro Sciences (NIMHANS), Indian Council of Medical Research (ICMR), Council of Scientific and Industrial Research (CSIR) etc.

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 total No. of the project funded under this scheme is 211, out of which a total of 141 projects have been completed. A total of 161 papers have been published in the peer reviewed journals. Further, 13 patents have been filed as a sequel to the research work undertaken under the EMR scheme in the Ayurveda and Unani stream. So far, 10 homoeopathic drugs have been validated under this scheme.

The EMR scheme provides for engagement of 1-2 Research Fellows for the specific duration of each project. However, the number of scholars encouraged across the country through this scheme has not been assessed. The EMR scheme has grown in popularity among the scientific community of the country. During last two years, 400 projects (approx.) have been received in the Ministry of AYUSH. After amendment of the scheme in November, 2014, the total grant during the 2015-16 raised from Rs. 1.80 Crore to Rs. 5.82 Crore. The scheme has attracted the best scientists from reputed organizations, viz. All India Institute of Medical Sciences (AIIMS), National Institute of Mental Health & Neuro Sciences (NIMHANS), Indian Council of Medical Research (ICMR), Council of Scientific and Industrial Research (CSIR) etc.

Current Affairs Quizzes for IAS Prelims 2017

Highlights
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  • NIT campus has been tense since students clashed over Indias T20 defeat

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