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Current Affairs for IAS Prelims Exam 2017: January 2017 Questions VIII

Jan 20, 2017 15:29 IST

    current affairs quizCurrent affair is the most dynamic and challenging portion of the IAS Prelims preparation which should be studied in depth. For anyone who is starting his/her preparation, current affairs should be given priority.

    Current Issues and Events

    Current affairs should be organised keeping in mind the syllabus of UPSC IAS prelims and mains. UPSC IAS prelims preparation requires a deep consolidation and fundamental knowledge of the current happenings.

    View Current Affairs quiz December 2016

    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. Which statement best describe the objective of “Mission 41k”, often seen in news?

    a. To save Rs. 41000 crore in the next decade in Railway’s energy costs.
    b. To save Rs. 41000 crore in the next decade in Railway’s Maintenance costs.
    c. To save Rs. 41000 crore in the next decade in India’s energy costs.
    d. None of the above.

    Answer: a

    Explanation:

    Ministry of Railways has come up with Mission 41k to save Rs. 41000 crore in the next decade in Railway’s energy costs. To implement this comprehensive strategy with the participation of various stakeholders, the ministry will take advantage of regulatory frameworks and look at new technologies.
    All electrification works done in the last decade would be doubled and this would change the energy mix of Indian Railways. Indian Railways has set a target of 1000 MW of solar power and 200 MW of wind energy.

    Ministry of Railways has launched Mission Raftaar to increase the average speed of movement by 5 kmph every year. Another important Mission for Indian Railways is the establishment of High hp Locomotive manufacturing plants at Madhepura and Marhaura.

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    2. Recently, six Indian cities have featured in the City Momentum Index (CMI) Global Top 30 list. consider the following statements regarding this:

    1) The annual City Momentum Index tracks the speed of change of a city’s economy and commercial real estate market.
    2) Asia-Pacific cities comprise half of the top 30 fastest-changing cities.
    3) Bangalore has emerged as the most dynamic city.

    Choose the correct statement(s):

    a. Only 1
    b. 1 and 2
    c. 1, 2 and 3
    d. 2 and 3

    Answer: c

    Explanation:

    City Momentum Index tracks the speed of change of a city's economy and commercial real estate market. It covers 134 major established and emerging business hubs and identifies cities that have the potential to maintain the greatest dynamism over the short and long term.

    Short-term momentums are economic output, retail sales, population, air connectivity, corporate HQs and foreign direct investment. Commercial real estate momentums are Construction, Absorption, Price, Offices, Retail, Hotels, Investment Transactions and Transparency.

    Long-Term Fundamentals are Higher Education Infrastructure, Innovation Capability, International Patent Applications, Technology Firms and Environmental Quality.

    3. India has officially become an Associate member of CERN. Consider the following statements regarding CERN:

    1) CERN is the world’s largest nuclear and particle physics laboratory.
    2) India was granted Observer status to the CERN Council before.
    3) India is the only non-European country granted full membership.

    Choose the correct statement(s):

    a. Only 1
    b. 1 and 2
    c. 1, 2 and 3
    d. 2 and 3

    Answer: b

    Explanation:

    The European Organization for Nuclear Research known as CERN is a European research organization that operates the largest particle physics laboratory in the world. Established in 1954, the organization is based in a northwest suburb of Geneva and has 22 member states. Israel is the only non-European country granted full membership.

    CERN's main function is to provide the particle accelerators and other infrastructure needed for high-energy physics research. CERN is also the birthplace of the World Wide Web.

    Current Affairs Quiz for January 2017 Questions VII

    4. Recently, India Signed a Financing Agreement for “Nagaland Health Project” with which international organisation?

    a. World Bank
    b. World Trade Organisation
    c. International Monetary Fund
    d. Asian infrastructural Bank

    Answer: a

    Explanation:

    A financing agreement for International Development Association (IDA) credit of US$ 48 million (equivalent) for the ‘Nagaland Health Project’ was signed with the World Bank. The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group.

    The Objectives of the project are to improve health services and increase their utilization by communities in targeted locations in Nagaland. Communities in targeted locations will benefit from project activities at the community and health facility levels while the population of the state as a whole will benefit from improvements in higher-level facilities as well as system-wide investments.

    The project will directly benefit about 600,000 people. It will support and complement existing systems and mechanisms involving communities under the National Health Mission.

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    5. With which of the following countries the Union Cabinet of India has approved trade agreement for trade in goods, services and investment?

    a. Peru
    b. Japan
    c. USA
    d. Russia

    Answer: a

    Explanation:

    The Union Cabinet has recently approved the Trade Agreement with Peru for trade in goods, services and investment. For this purpose, a Joint Study Group (JSG) between India and Peru was constituted in order to explore all the possibilities for entering into trade agreement with Peru in January 2015.
    Both the sides submitted the Joint Study Group Report on 20 October 2016 and agreed to carry forward the purposeful discussions on trade in goods, trade in services and investment.

    The trade agreement would be an important landmark in India-Peru relations and consolidate the traditional fraternal relations that have existed between India and LAC countries. Peru stood at 3rd position amongst all the export destinations for India in the Latin America and Caribbean (LAC) Region during the year 2015-16.

    6. Recently, the Union Cabinet has approved the exclusion of states and Union territories except which of the following states from National Small Savings Fund:

    a. Arunachal Pradesh
    b. Delhi
    c. Kerala
    d. All of the above

    Answer: d

    Explanation:

    Recently, the Union Cabinet has excluded States and Union Territories except Arunachal Pradesh, Delhi, Kerala and Madhya Pradesh from National Small Savings Fund (NSSF) investments with effect from 1 April 2016. On the occasion, the cabinet also approved one-time loan of Rs 45000 crore from NSSF to Food Corporation of India (FCI) to meet its food subsidy requirements.

    Arunachal Pradesh will be given loans to the tune of 100 per cent of NSSF collections within its territory, while Delhi, Kerala and Madhya Pradesh will be provided with 50 percent of collections. Servicing of interest and principal of debt will be extended to Food Corporation of India through the budget line of Department of Food and Public Distribution. The repayment obligation of the FCI in respect of NSSF Loans will be treated as the first charge on the food subsidy released to the Food Corporation of India.

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    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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