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Current Affairs for IAS Prelims Exam 2017: 15 February 2017

Feb 15, 2017 15:05 IST

    current affairs 15th February

    Current affair in IAS Prelims Exam has achieved greater significance in the last few years. Current affair is the most dynamic and challenging portion of the IAS Prelims preparation which should be studied in depth.

    Current Affairs for IAS Prelims Exam 2017: 14 February 2017

    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.

    ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

    1. ISRO has successfully launched the PSLV-C37 Satellite Mission recently. Consider the following statements regarding PSLV-C37 Mission:

    1) PSLV-C37 launched 104 satellites in a single mission from the ISRO space centre, making it the second highest number of satellites launched by a single launch vehicle.
    2) PSLV-C37 is a mission carried 104 satellites to the orbit of which only three were Indian Satellites.
    3) The three Indian satellites launched are Cartosat-2D, INS-1A and INS-1B.

    Which of the above statements is correct?

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

    Answer: c

    Explanation:

    PSLV-C37 is a mission of the Polar Satellite Launch Vehicle program, which carried 104 satellites to the orbit. PSLV-C37 broke the earlier records of launching 37 satellites by a Russian rocket and of 29 satellites launched by NASA. PSLV-C37 launched 104 satellites in a single mission from the ISRO space centre at Sriharikota, Andhra Pradesh on 15th February 2017 making it the highest number of satellites launched by a single launch vehicle.

    The rocket launched 104 satellites of which three are Indian, 88 are from the USA and the rest from Germany, Israel, Kazakhstan, the Netherlands, Switzerland, and the United Arab Emirates. The three Indian satellites launched are Cartosat-2D, INS-1A and INS-1B. The other foreign satellites contributed to approximately 820 kilogrammes making the total payload of approximately 1,500 kilogrammes.
    ISRO claimed that it would recover half the budget of the mission from the foreign countries whose satellites it would launch.

    Union Budget 2017 Questions for IAS Exam

    2. The government plans to come out with Indradhanush 2.0, a comprehensive plan for the recapitalisation of public sector lenders. Consider the following statements regarding the Indradhanush Programme:

    1) Under Indradhanush roadmap the government had aimed to meet their capital requirement in line with global risk norms, known as Basel-III.
    2) The mission includes the seven key reforms of appointments, the board of bureau, capitalisation, de-stressing, and empowerment, the framework of accountability and governance reforms.

    Which of the above statements is correct?

    a. Only 1
    b. Only 2
    c. Both 1 and 2
    d. Neither 1 nor 2

    Answer: c

    Explanation:

    The government plans to come out with ‘Indradhanush 2.0’, a comprehensive plan for the recapitalisation of public sector lenders, with a view to making sure they remain solvent and fully comply with the global capital adequacy norms, Basel-III.

    The Reserve Bank of India had asked banks to recognise some top defaulting accounts as non-performing assets (NPAs) and make adequate provisions for them. It has had a debilitating impact on banks’ numbers and their stocks.

    Under Indradhanush roadmap announced in 2015, the government had announced to meet their capital requirement in line with global risk norms, known as Basel-III. The mission includes the seven key reforms of appointments, the board of bureau, capitalisation, de-stressing, and empowerment, the framework of accountability and governance reforms.

    Current Issues and Events

    3. New IMF Training and Technical Assistance Centre (SARTTAC) was recently inaugurated in Delhi for Economic Capacity Building in South Asia. Consider the following statements regarding the SARTTAC:

    1) SARTTAC is a collaborative venture between the IMF, the member countries and development partners.
    2) SARTTAC’s Member countries include Bangladesh, Bhutan, India, Pakistan, Nepal, and Sri Lanka.
    3) SARTTAC will allow the IMF to meet more of the high demand for technical assistance and training from the region.

    Which of the above statements is correct?

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

    Answer: b

    Explanation:

    South Asia is a rapidly growing region that is home to one-fifth of the world’s population. SARTTAC will allow the IMF to meet more of the high demand for technical assistance and training from the region.

    SARTTAC is a collaborative venture between the IMF, the member countries (Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka), and development partners.

    The Centre aims at helping its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty in a rapidly growing region that is home to one-fifth of the world’s population.
    SARTTAC will allow the IMF to meet more of the high demand for technical assistance and training from the region.

    View Current Affairs Quiz January 2017

    4. Which of the below statements is true regarding the much in news, festival,”Kambala”?

    a. Kambala is an annual Buffalo Race held traditionally under the sponsorship of local landlords and households.
    b. It is held traditionally in the Patel of the village, in coastal Karnataka, India.
    c. The contest generally takes place between two pairs of buffaloes, each pair race in wet rice fields, controlled by a whip-lashing farmer.
    d. All of the above

    Answer: d

    Explanation:

    Kambala is traditionally a simple sport which, essentially, to entertain rural people of the area. The 'track' used for Kambala is a slushy paddy field. The contest generally takes place between two pairs of buffaloes, each pair race in wet rice fields, controlled by a whip-lashing farmer. Historically, the winning pair of buffaloes was rewarded with coconuts and bananas.

    Kambala is held traditionally under the sponsorship of local landlords and households or Patel of the village, in coastal Karnataka, India. The Kambala season generally starts in November and lasts until March. Currently, more than 45 races are held annually in Coastal Karnataka, including smaller remote villages like Vandaru, Gulvadi etc.

    5. In which Indian state has India’s first floating elementary school was inaugurated recently?

    a. Manipur
    b. Nagaland
    c. Andaman and Nicobar
    d. West Bengal

    Answer: a

    Explanation:

    Loktak Lake is the largest freshwater lake in the country and it has now become home to the first of its kind loktak floating elementary school. The school has been inaugurated at Langolsabi Leikai of Champu Khangpok village in Manipur. It aims to provide education to drop out students, who were rendered homeless due to the recent evacuation of phumdis.

    The school has been opened under the initiative undertaken by All Loktak Lake Fisherman’s Union with the support of an NGO – People Resources Development Association (PRDA). The school will not only cater to the need of the children but for the illiterate adults as well. The school will be accommodated around 25 students and two teachers from the community.

    The Loktak Lake is referred as the “lifeline of Manipur” as it is highly productive and many lives depend on the lake for endurance. The lake is also an Important Bird Area as it’s a potential breeding site for waterfowl and is a staging site for migratory birds.

    This ancient lake serves as a source of water for hydropower generation, irrigation and drinking water supply. The lake is also a source of livelihood for the rural fisherman who lives in the surrounding areas and on phumdis, also known as “phumshongs”.

    Current Affairs Quizzes 2016 for IAS Prelims 2017

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