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Current Affairs for IAS Prelims Exam 2017: December 2016 Questions III

Dec 12, 2016 15:59 IST

    Current affairs should be prepared in such a way that an IAS aspirant should have syllabus of UPSC IAS prelims and mains in their mind. For anyone who is aspiring merit in the final list, current affairs should be given priority. There can be various ways of preparing current affairs but one of the best methods is the current affairs questions with elaborated explanation of each and every topic. This method helps in the preparation of the Current Affairs Topics for IAS Mains also.

    CURRENT ISSUES AND EVENTS

    We will continue to provide the current affairs questions for IAS Prelims 2017 to help you gain a better perception of how questions can be asked in the examination.

     

    1. India Post Payments Bank which is likely to start its operations over the next few months. Consider the following statements regarding IPPB:
    I. The India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity.
    II. IPPB will offer demand deposits such as savings and current accounts up to a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals.

    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 India Post Payments Bank or IPPB is the largest among the eight that are likely to start operations over the next few months. Eleven entities received the RBI’s in-principle approval for floating payments banks but three of them have left the field. The India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity.

    IPPB has been recently integrated as a Public Limited Company under the Department of Posts with 100% GOI equity. IPPB will offer demand deposits such as savings and current accounts up to a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.

    Current Affairs for IAS Prelims Exam 2017: December 2016 Questions II

    2. ISRO has recently launched PSLV C36 Resource Sat-2A satellite. Consider the following statements regarding PSLV C36 Resource Sat-2A satellite:
    I. The latest in a series of satellites launches by ISRO, the PSLV C36 is intended to continue the remote sensing data services to global users.
    II. It will also carry similar payloads as carried by its predecessors Resourcesat-1 and Resourcesat-2.
    III. It is the 38th flight of ISRO’s Polar Satellite Launch Vehicle (PSLV) and is intended to continue the remote sensing data services to global users.

    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:

    ISRO has recently launched PSLV C36 Resource Sat-2A satellite. With this launch the ISRO the remote sensing data services to global users. The latest in a series of satellites launches by ISRO, the PSLV C36 is intended to continue the remote sensing data services to global users and will also carry similar payloads as carried by its predecessors Resourcesat-1 and Resourcesat-2. The satellite is 38th flight of ISRO’s Polar Satellite Launch Vehicle (PSLV) and is intended to continue the remote sensing data services to global users.

    3. Recently, the government of India has scrapped the import duty on which of the following crops?
    a. Wheat
    b. Rice
    c. Pulses
    d. Maize

    Answer: a

    Explanation:

    The Government has scrapped the import duty of 10 per cent on wheat amid rising domestic prices and concerns of a dip in buffer stocks following two consecutive drought years.
    The government has expected to produce 93.5 million tonnes in 2015-16, an 8 per cent increase over 86.53 million tonnes in 2014-15 is off the mark.  However, India has imported around 2.1 million tonnes of wheat since April 2016.

    Current Affairs Quizzes for IAS Prelims 2017: November 2016

    4. Consider the following statements regarding first digital village in India:
    I. The village Akodara, located 90 km from Ahmadabad in the district of Sabarkantha has earned the coveted tag of becoming first digital village in India.
    II. The village was adopted and developed by the ICICI Foundation as a digitised village with a rural branch of the bank.
    III. The village, which sustains a total population of 1191 people, uses various cashless systems for payments of goods and services.

    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 village Akodara, located 90 km from Ahmadabad in the district of Sabarkantha has earned the coveted tag of becoming first digital village in India. The village, which sustains a total population of 1191 people, uses various cashless systems for payments of goods and services. All transactions in the village are carried out through digital modes like net-banking, SMS or debit cards. The village was adopted and developed by the ICICI Foundation as a digitised village through a rural branch of the bank.

    In the village, most transactions between Rs. 10 and Rs. 5000 are done via SMS. The payment goes directly into the shopkeeper’s bank account as the buyer and seller are both connected through their accounts in the same bank.

    5. During recent visit of Qatarian Sheikh Abdullah bin Nasser Bin Khalifa Al Thani, India and Qatar have signed four agreements to boost the bilateral relations between the two nations. Consider the following statements agreements between the two nations:
    I. Agreement on the exemption from visa requirement for holders of diplomatic, special and official passports was inked
    II. Protocol on cooperation against terrorism and middle-east crisis.
    III. Letter of Intent regarding negotiations on an Agreement on the grant of e-Visa for businessmen and tourists of the two countries.

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

    Answer: d

    Explanation:

    The agreements between India and Qatar were signed after delegation level talks held between Prime Minister Narendra Modi and Prime Minister of Qatar Sheikh Abdullah bin Nasser Bin Khalifa Al Thani. Emir Al Thani was on a two-day visit to India.
    The List of agreements signed includes:

    Agreement on the exemption from visa requirement for holders of diplomatic, special and official passports: The agreement allows holders of diplomatic, special and official passport of the two countries to visa-free travel between the two countries.

    Protocol on Technical Cooperation in cyber space and combating cyber crime: This Protocol adds an important dimension of bilateral Technical Cooperation in Cyber Space and Combating Cyber Crime to the existing framework agreement in the field of security signed on 10 November 2008.

    Letter of Intent regarding negotiations on an Agreement on the grant of e-Visa for businessmen and tourists of the two countries: This allows negotiations on an agreement on the grant of e-visa to businessmen and tourists of the two countries.

    MoU between Supreme Committee for Delivery & Legacy of Qatar and Confederation of Indian Industry: This MoU will provide the framework for project experts for Indian companies in Qatar, including through participation in infrastructure projects in Qatar undertaken for the 2022 FIFA World Cup.

    CURRENT AFFAIR QUIZ December QUESTIONS I

    6. Consider the following statements regarding Serendipity Arts Festival which is a long-term cultural project that hopes to affect positive change in the arts in India on a large scale:
    The Serendipity Arts Festival will be held on the banks of River Mandovi in Goa.
    The festival will see a stellar line-up of 33 global artists, who will display their work at the eight-day inspiration-packed festival.

    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 Serendipity Arts Festival (SAF) is scheduled to be held from 16 December to 23 December 2016 on the banks of River Mandovi in Goa. The festival will see a stellar line-up of 33 global artists, who will display their work at the eight-day inspiration-packed festival.

    More than 40 exciting projects and exhibitions featuring well known artists like Kabi Raj Lama, Bandu Manamperi, Escif, Billy Chang, SP Pushpakanthan, Lisa Stertz and Paquito Gonzalees, will be a part of the festival.

    MORE CURRENT AFFAIR QUIZZES FOR IAS PRELIMS 2017

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