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IAS Preparation: Questions for Prelims 6 February 2018

Feb 6, 2018 15:31 IST
    IAS Preparation: Questions for Prelims 6 February 2018
    IAS Preparation: Questions for Prelims 6 February 2018

    To clear the IAS Exam, continuous efforts to master the current affairs component are a must. To answer current affairs based questions in prelims, one should not only have the preliminary information about the current events, but also the clarity about the issues and concepts involved.

    To cater to this need of IAS Exam aspirants, Jagran Josh is providing five important Multiple Choice Questions (MCQs) on a daily basis. The questions cover important current affairs events in the fields of economy, national, India-World relations, science and technology, environment, etc. Answers along with detailed explanations to the questions will help the aspirants in answering further questions on the given topic in all the phases of the exam – Preliminary, Mains written and Personality Test.

    IAS Prelims Exam Guide

    1. Consider the following statements related to the National Adaptation Fund for Climate Change (NAFCC) that was in the news recently.
    1) NABARD is the National Implementing Entity (NIE) for implementation of adaptation projects under NAFCC.
    2) It covers only coastal States of the country.

    Which of the above statements is/are correct?
    a) 1 only
    b) 2 only
    c) Both 1 and 2
    d) Neither 1 nor 2

    Answer. a

    Explanation:

    The National Adaptation Fund for Climate Change (NAFCC) was in the news in February 2018 as the Union Minister of State for Environment, Forest and Climate Change Mahesh Sharm presented a list of projects approved under the fund to the Rajya Sabha.

    The NAFCC is a central sector scheme. It was established in August, 2015 to meet the cost of adaptation to climate change. The fund covers all the States and Union Territories that are particularly vulnerable to the adverse effects of climate change, including Punjab, Himachal Pradesh, Telangana, etc.

    So far, the Union Government has sanctioned Rs. 530 crore for the three year period between 2015 and 2018. NABARD has been designated as the National Implementing Entity (NIE) for implementation of adaptation projects under the NAFCC. Under this arrangement, NABARD would perform roles in facilitating the identification of project ideas and concepts from State Action Plan for Climate Change (SAPCC), project formulation, appraisal, sanction, disbursement of fund, monitoring and evaluation and capacity building of stakeholders including State Governments.

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    2. Recently, foreign exchange reserves (FOREX) of India touched a new life- time high of USD 417.789 billion. Which of the following constitute FOREX?
    1) Foreign currency assets
    2) Gold
    3) Special Drawing Rights
    4) Reserve tranche position with the IMF

    Select the correct code:
    a) 1 and 2 only
    b) 2 and 3 only
    c) 1, 2 and 3 only
    d) All of them

    Answer. d

    Explanation:
    In the first week of February 2018, the foreign exchange (FOREX)  reserves of India touched a new life- time high of USD 417.789 billion. The increase was due to a massive spike in foreign currency assets, which constitute around 95% of India’s FOREX reserves.

    The components of India’s FOREX reserves are foreign currency assets (FCAs), Gold, Special Drawing Rights (SDRs) and RBI’s Reserve position with the International Monetary Fund (IMF). FCAs are the largest component of India’s FOREX reserves and they are maintained in major currencies such as the euro, US dollar, pound sterling, Japanese yen, etc.

    Special drawing right (SDR) is an international reserve asset created by the IMF and allocated to its members in proportion of their quota in the IMF. The reserve tranche is a proportion of the required quota of currency that each member of the IMF must provide to the IMF. This part of the quota can be utilized by a member country for its own purposes without a service fee. The rest of the quota, if utilized, must be paid back over a three year period with interest.

    At present, India has a 2.76% quota in the IMF and it translates into 2.64% of total votes. Comparatively, China has a 6.41% quota and 6.09% of total votes in the IMF.

    Economic Survey 2017-18: Analysis and Questions

    3. Which of the following organizations released the report entitled ‘World Employment and Social Outlook – Trends 2018’?
    a) World Economic Forum
    b) International Labour Organisation
    c) World Bank Group
    d) International Monetary Fund

    Answer. b

    Explanation:

    In January 2018, the International Labour Organisation (ILO) released its annual publication World Employment and Social Outlook for 2018. As per the report, the global unemployment rate is expected to fall slightly to 5.5 per cent in 2018 from 5.6 per cent in 2017. This marks a turnaround after three years of rising unemployment rates. However, with a growing number of people entering the labour market to seek employment, the total number of unemployed is expected to remain stable in 2018, above 192 million.

    Report with respect to India

    • The unemployment rate for 2017, 2018 and 2019 is projected at 3.5% per annum, which translates into 18.6 million and 18.9 million unemployed in 2018 and 2019 respectively.

    • In India, around 90% of the labour force is in the urnorganised sector.

    • The rapid growth of ICT services in India has not generated enough employment opportunities for the large majority of the population.

    • The share of informal employment has risen within almost all manufacturing industries, partly as a result of labour market rigidities.

    Some of the other important reports released by the ILO are Global Estimates on Migrant Workers, World Social Protection Report and Global Wage Report.

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    4. Recently, India has successfully test-fired nuclear capable surface-to-surface short-range ballistic missile (SRBM) Agni-I. Consider the following statements regarding this:
    1) The ballistic missile (SRBM) Agni-I, with better re-entry technology and manoeuvrability was launched on 6 February 2018 from a road mobile launcher placed at the launching complex-IV located in Abdul Kalam Island.
    2) The test was conducted by the Strategic Forces Command (SFC) of Indian Army with logistic support from the Defence Research and Development Organisation (DRDO) for a range of about 900 km.
    3) The test was carried out to reconfirm the technical parameters set for the user trial and checks the Army's readiness to use it.

    Which of the above statements is/are correct?
    a) 1 only
    b) 1 and 2
    c) 2 and 3
    d) 1, 2 and 3

    Answer: d

    Explanation:

    On 6 February 2018, India has successfully test-fired nuclear capable surface-to-surface short-range ballistic missile (SRBM) Agni-I from a defence test facility off Odisha coast for an extended range proving its robustness. The missile with better re-entry technology and manoeuvrability was launched at about 8.30 am from a road mobile launcher placed at the launching complex-IV located in Abdul Kalam Island.

    The test came two weeks after successful flight testing of longest range Inter-Continental Range Balllistic Missile (ICBM) Agni-V from the same test facility. The test was conducted by the Strategic Forces Command (SFC) of Indian Army with logistic support from the Defence Research and Development Organisation (DRDO) for a range of about 900 km.

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    5. SpaceX is poised for the first test launch on 6 February 2018 of its Falcon Heavy. Consider the following statements regarding this:
    1) The test aims to become the world's most powerful rocket in operation, capable of reaching the Moon or Mars some day.
    2) The launch is conducted from Cape Canaveral, Florida, is the most ambitious yet for SpaceX, and has been hailed by industry experts as a game-changer because of its potential to propel the California-based company to the very forefront of the modern day space race.

    Which of the above statements is/are correct?
    a) 1 only
    b) 2 only
    c) Both 1 and 2
    d) Neither 1 nor 2

    Answer. c

    Explanation:

    SpaceX is poised for the first test launch Tuesday, 6 February 2018 of its Falcon Heavy, which aims to become the world's most powerful rocket in operation, capable of reaching the Moon or Mars some day.

    The launch, scheduled for 1:30 pm (1830 GMT) from Cape Canaveral, Florida, is the most ambitious yet for SpaceX, and has been hailed by industry experts as a game-changer because of its potential to propel the California-based company to the very forefront of the modern day space race.

    The car is destined for an elliptical orbit around the Sun, taking it into the vicinity of Mars. The Falcon Heavy is essentially three Falcon 9 rockets in one, with a total of 27 Merlin engines.

    International Relations (IR) for UPSC IAS Main Exam

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