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Current Affairs for IAS Prelims Exam 2017: 1 June 2017

Jun 1, 2017 17:15 IST

    Current Affairs Quiz 17 May

    The IAS aspirants should study the most authentic sources for the current affairs section of the IAS Prelims Exam as current affairs hold great significance in the IAS prelims exam. Hence, we provide current affair quiz based on the latest socioeconomic policies of June 2017 from the most authentic sources like PIB, The Hindu and PTI for IAS Prelims 2017.

    Current Affairs for IAS Prelims Exam: 20 to 26 May 2017

    1. Recently, the first Mega Food Park in the state of Odisha has been inaugurated on 1st June 2017. Consider the following statements regarding the Mega Food Park Scheme:
    I. To give a major boost to the food processing sector by adding value and reducing food wastage at each stage of the supply chain with a particular focus on perishables, the Mega Food Park Scheme has been launched.
    II. Mega Food Parks create modern infrastructure facilities for food processing along the value chain from farm to market with strong forward and backward linkages through a cluster-based approach.
    III. Under the Scheme, Government of India provides financial assistance up to Rs. 50.00 Crore per Mega Food Park project.

    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 first Mega Food Park in the state of Odisha at Rayagada has been inaugurated today the 1st June 2017. This is the 7th Mega Food Park operationalise in the last 3 years by the present government.

    To give a major boost to the food processing sector by adding value and reducing food wastage at each stage of the supply chain with a particular focus on perishables, Ministry of Food Processing Industries is implementing Mega Food Park Scheme in the country. Mega Food Parks create modern infrastructure facilities for food processing along the value chain from farm to market with strong forward and backward linkages through a cluster-based approach. Common facilities and enabling infrastructure is created at the Central Processing Centre and facilities for primary processing and storage is created near the farm in the form of Primary Processing Centres (PPCs) and Collection Centres (CCs).Under the Scheme, Government of India provides financial assistance up to Rs. 50.00 Crore per Mega Food Park project.

    Current Affairs for IAS Prelims 2017- April 2017

    2. Recently, India has signed a Loan Agreement with which of the following international organisations for “Himachal Pradesh Public Financial Management Capacity Building Program”?
    a. IMF
    b. World Bank
    c. Asian Development Bank
    d. World Economic Forum

    Answer: b

    Explanation:

    An agreement for IBRD Credit of USD 36 Million from World Bank for “Himachal Pradesh Public Financial Management Capacity Building Program” was signed on 1st June 2017 in New Delhi by Raj Kumar, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of the World Bank. The Implementing Entity Agreement was signed by the Additional Director, Treasuries, Accounts and Lotteries, on behalf of the Government of Himachal Pradesh (GoHP), and the Country Director (India) on behalf of the World Bank.

    Current Affairs for IAS Prelims 2017- March 2017

    3. Recently, India has signed a Loan Agreement of USD 36 Million with World Bank for “Himachal Pradesh Public Financial Management Capacity Building Program”. Consider the following statements regarding the Himachal Pradesh Public Financial Management Capacity Building Program:
    I. The objective of the project is to improve the efficiency of Public Expenditure Management and Tax Administration in Himachal Pradesh.
    II. The Program focuses on the priority areas identified by the GoHP, which were articulated in various stakeholder workshops during Program preparation.

    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:

    An agreement for IBRD Credit of USD 36 Million from World Bank for “Himachal Pradesh Public Financial Management Capacity Building Program” was signed on 1st June 2017 in New Delhi.

    The objective of the project is to improve the efficiency of Public Expenditure Management and Tax Administration in Himachal Pradesh. The Program is expected to contribute to enhancing the efficiency of key departments, improving budget credibility, strengthening systems and procedures to improve fiscal discipline, improving revenue administration to increase fiscal space, and targeted organisational reforms including human resource reforms. The Program focuses on the priority areas identified by the GoHP, which were articulated in various stakeholder workshops during Program preparation.

    The programme size is USD 45 million, of which USD 36 million will be financed by the Bank, and the remaining amount will be funded out of the State Budget. The programme duration is 5 years.

    ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

    4. Recently, the Asian Development Bank (ADB) and which of the following commercial bank of India has signed $100 million loan to finance Solar Rooftop projects throughout India?
    a. Punjab National Bank
    b. State Bank of India
    c. Cental Bank of India
    d. Reserve Bank of India

    Answer: a

    Explanation:

    The Asian Development Bank (ADB) and the Punjab National Bank (PNB) yesterday signed a $100 million loan — to be guaranteed by the Government of India — that will finance large solar rooftop systems on industrial and commercial buildings throughout India. The PNB will use the ADB funds to make further loans to various developers and end users to install rooftop solar systems.

    This is the first tranche loan of the $500 million multi-tranche finance facility, Solar Rooftop Investment Program (SRIP) approved by ADB in 2016. The financing includes $330 million from ADB’s ordinary capital resources and $170 million from the multi-donor Clean Technology Fund (CTF) administered by ADB.  The first tranche loan of $100 million would be financed entirely from the CTF.

    Union Budget 2017 Questions for IAS Exam

    5. Recently, Asian Development Bank (ADB) and Punjab National Bank (PNB) have signed $100 million loan to finance Solar Rooftop projects. Consider the following regarding the Solar Rooftop Projects:
    I. The entire Solar Rooftop Investment Program will cost $1 billion, inclusive of ADB $500 million funding, and the projects financed under the program will install solar rooftop system of around 1 GW capacity.
    II. This will contribute to the climate change goal of reducing greenhouse gas emissions by about 11 million tonnes of carbon dioxide equivalent over the typical 25-year lifetime of rooftop solar systems.
    III. The project is aligned with the goal set by Government of India to increase the country’s solar rooftop capacity of 40 GW by 2022.

    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 Asian Development Bank (ADB) and the Punjab National Bank (PNB) yesterday signed a $100 million loan — to be guaranteed by the Government of India — that will finance large solar rooftop systems on industrial and commercial buildings throughout India. The PNB will use the ADB funds to make further loans to various developers and end users to install rooftop solar systems.

    The project is aligned with the goal set by Government of India to increase the country’s solar rooftop capacity of 40 GW by 2022, and would also contribute to the Government's efforts to promote solar energy solutions as affordable and sustainable energy sources.

    The entire Solar Rooftop Investment Program will cost $1 billion, inclusive of ADB $500 million funding, and the projects financed under the program will install solar rooftop system of around 1 GW capacity. This will contribute to the climate change goal of reducing greenhouse gas emissions by about 11 million tonnes of carbon dioxide equivalent over the typical 25-year lifetime of rooftop solar systems.

    Current Affairs Quizzes 2016 for IAS Prelims 2017

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