Current Affairs for IAS Prelims Exam 2017: January 2017 Questions XIV
Current affairs are truly the most important aspect of the Civil services preparation and Current affairs should be analysed from the IAS Prelims and IAS Mains point of view. Hence, we provide Current Affair quiz of January 2017 for IAS Prelims 2017.
Current affairs should be organized 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.
Current 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.
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 has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:
1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.
2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.
3) Payments banks can issue loans also.
Choose the correct statement(s):
a. Only 1
b. 1 and 3
c. 2 and 3
d. 1, 2 and 3
Ministry of Communications & Information Technology recently launched the operations of the India Post Payments Bank (IPPB) as two pilot branches at Raipur and Ranchi. Financial Inclusion is critical for the socio-economic development of the country, but there are significant gaps in this area and a large proportion of country’s population remain unbanked or under banked.
India Post Payment Bank (IPPB) will effectively leverage the ubiquitous post office network with its pan-India physical presence, long experience in cash handling and savings mobilisation, backed by the ongoing project of IT-enablement, to bridge this gap in Financial Inclusion.
Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, online banking and mobile banking. India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.
2. The “Bharat Parv” event is organised by the Government of India from 26th to 31st January every year. Consider the following statements regarding this event:
1) Bharat Parv is celebrated as part of the Republic Day Celebrations.
2) The prime objective to generate a patriotic mood and to popularise the idea of Ek Bharat Shreshtha Bharat.
3) The Ministry of Tourism has been designated as the nodal Ministry for this event.
Choose the correct statement(s):
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. All of the above
The Bharat Parv event is organised by the Government of India at the Red Fort, Delhi from 26th to 31st January every year as part of the Republic Day Celebrations. The Ministry of Tourism has been designated as the nodal Ministry for the event.
The prime objective of organising the event is to generate a patriotic mood, promote the rich cultural diversity of the country, to ensure wider participation of the general public and to popularise the idea of Ek Bharat Shreshtha Bharat.
3. Which of the following statements best describe the objective of the recently signed oil reserve deal between India and UAE?
a. This deal will allow the Gulf OPEC country to fill half of an underground crude oil storage facility at Mangalore.
b. This deal will allow only UAE to fill the underground crude oil storage facility at Mangalore.
c. Both (a) and (b)
d. None of the above
India's quest for energy security got a major push after a pact with the United Arab Emirates (UAE) that will flow in as much as one sixth of the India's total emergency oil reserve.
Some features of this deal are as follows:
1) India signed a deal with the United Arab Emirates that allows the Gulf OPEC country to fill half of an underground crude oil storage facility at Mangalore, Karnataka.
2) The deal is part of New Delhi's strategic petroleum reserve system, an emergency underground storage of 36.87 million barrels of crude oil which can supply about 10 days of the country's average daily oil demand.
3) UAE's Abu Dhabi National Oil Co (ADNOC) will store about 6 million barrels of oil at Mangalore, taking up about half of the site's capacity.
4) This is the second agreement signed between Indian Strategic Petroleum Reserves Limited and ADNOC in the area of storage and management oil at strategic facilities in India.
5) Three years ago, India began talks to lease part of its strategic storage to ADNOC. Under those discussions in 2014, India was to have first rights to the stored crude oil in case of an emergency.
4. Recently, Indian Space Research Organisation has successfully test fired the stage level test of GSLV MK III’s cryogenic upper stage C-25. Consider the following statements regarding the test of C-25:
I. The C25 stage is the most powerful upper stage developed by ISRO.
II. The C25 stage uses Liquid Oxygen (LOX) and Liquid Hydrogen (LH2) propellant combination.
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
Indian Space Research Organisation (ISRO) successfully ground tested its indigenously developed Cryogenic Upper Stage for GSLV MkIII. The cryogenic stage designated as C25 was tested for a duration of 50 seconds at ISRO Propulsion Complex (IPRC) in Mahendragiri demonstrating all the stage operations. The performance of the Stage during the test was as predicted. This is the first test in a series of two tests.
The development of C25 cryogenic stage began with the approval of GSLV MKIII, the next generation launch vehicle of ISRO, capable of launching 4 ton class spacecraft into Geosynchronous Transfer Orbit (GTO). The vehicle consists of two solid strap-on motors (S200), one earth storable liquid core stage (L110) and the cryogenic stage upper stage (C25).
The C25 stage is the most powerful upper stage developed by ISRO and uses Liquid Oxygen (LOX) and Liquid Hydrogen (LH2) propellant combination. The stage carries 27.8 tons of propellants loaded in two independent tanks.
5. A Buffalo Race named as ‘Kambala’ festival which is celebrated annually in which of the following states of India?
d. Tamil Nadu
Kambla in its traditional form is non-competitive with buffalo pairs made to race one after another in paddy fields, which is considered a thanksgiving to the Gods for protecting the animals from diseases.
Over the years, it Kamabala has however become an organised sport while the animal rights activists claiming that the buffaloes run in the race due to fear of being beaten, which the organisers dismiss, saying no violence is involved and that several modifications had been made to ensure that it is an animal-friendly event.