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IAS Questions for Prelims: 1 August 2017

Aug 1, 2017 14:53 IST
    IAS Questions for Prelims 1 August 2017
    IAS Questions for Prelims 1 August 2017

    Current affairs based IAS questions given in this article are very important for IAS Prelims Exam 2017 and it will also help IAS aspirants to prepare for IAS Mains Exam. Given multiple choice questions have been explained well and it will give a complete insight of the events happened in the last week of July 2017.

    IAS Prelims Exam Guide

    1. Recently, the Ocean Observation Systems has been in news. Consider the following statements regarding the Ocean Observation Systems:
    1. The Ministry of Earth Sciences has been implementing a major program on Ocean Observations System since 1996.
    2. The ocean observation system has been designed to acquire real-time, time series data on surface meteorological and upper oceanographic parameters from the seas around India including from the Indian Ocean Region.
    3. One of the major observing systems is moored buoy network, equipped with deployment and maintenance of a set of buoys at fixed locations in the Exclusive Economic Zone of India (EEZ) for obtaining long term data.

    Which of the following above statements is true?
    a. 1 and 2
    b. 2 and 3
    c. 1 and 3
    d. 1, 2 and 3

    Answer: d

    Explanation:

    The Ministry of Earth Sciences has been implementing a major program on Ocean Observations System since 1996. The ocean observation system has been designed to acquire real-time, time series data on surface meteorological and upper oceanographic parameters from the seas around India including from the Indian Ocean Region. A wide range of ocean observation systems are deployed in different parts of the Indian Ocean for acquisition of specific ocean parameters on different spatial and temporal scales. These include moored buoys, drifters, current meters, wave rider buoys, Cargo floats, tide gauges, coastal radars and Acoustic Doppler Current Profilers (ADCP), which are broadly classified into two categories viz., drifters and moored.

    The primary purpose of acquiring a suite of accurate measurements of ocean parameters is to cater research and a wide range of operational services including issue of issue of early warning to tsunami and storm surges. Besides, the information from the seas around India is extremely useful of ocean-atmospheric modelling purposes and validation of satellite data.  
    One of the major observing systems is moored buoy network, equipped with deployment and maintenance of a set of buoys at fixed locations in the Exclusive Economic Zone of India (EEZ) for obtaining long term data. These buoys are capable of collecting data upto 76 parameters and transmitting the information in real time through satellites. Currently, the moored buoys network has been augmented to 19 buoy network, deployed in the Arabian Sea and Bay of Bengal.  The ocean observing systems are primarily deployed, operated and maintained by four organizations viz., National Institute of Ocean Technology (NIOT), Chennai; National Institute of Oceanography (NIO), Goa; Indian National Centre for Ocean Information Services (INCOIS), Hyderabad and Survey of India, Dehradun. All the systems except Tide gauges and coastal Radar are deployed in the EEZ of India, outside jurisdiction of coastal states/UT of India.

    Current Affairs Quizzes for IAS Prelims 2018: June 2017

    2. Which of the following statement is true regarding the Mahila Coir Yojana (MCY)?
    a. The Coir Board is implementing Mahila Coir Yojana (MCY) exclusively for empowering women in the country by giving training and distribution of coir processing equipments.
    b. This is a 100% woman oriented programme intended to provide self employment to the rural women artisans in coir producing regions.
    c. Both (a) and (b)
    d. All of the above

    Answer: c

    Explanation:

    The Coir Board is implementing Mahila Coir Yojana(MCY) exclusively for empowering women in the country by giving training and distribution of coir processing equipments. This is a 100% women oriented programme intended to provide self employment to the rural women artisans in coir producing regions.

    The scheme envisages distribution of motorized ratts/motorized traditional ratts and other coir processing equipments, which can be operated by women, at 75% subsidy after imparting training with a duration of 2 months subject to a maximum amount of Rs.7,500/-.

    The training under MCY is conducted through all training centres of the Board. The scheme is prevalent in coir producing coastal States such as Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Odisha, Lakshadweep, Maharashtra, Gujarat, Goa, Pondicherry, A& N Islands, West Bengal and NE Region.

    During the current year the targets of 1000 women for training and 200 ratts/equipments for distribution to the trained women have been fixed under MCY and an amount of Rs. 35.00 lakhs have been allocated for the current year. Coir Board has received 97 applications under the Scheme and all the applications are from Kerala only.

    Current Affairs Quizzes for IAS Prelims 2018: May 2017

    3. The Government announced a few changes in its Sovereign Gold Bond (SGB) Scheme recently. Which of the following is true regarding the changes?
    a. There was the increase in the limit to 4 kg (from 0.5kg) for individuals, HUF and 20 kg for Trusts.
    b. These bonds aim to help reduce India’s over dependence on gold imports.
    c. The Government introduced flexibility in the scheme to design and introduce variants to cater to a cross-section of investors.
    d. All of the above

    Answer: d

    Explanation:

    The sovereign gold bond was introduced by the Government in 2015. The Government introduced these bonds to help reduce India’s over dependence on gold imports. The scheme was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backing. The basic premise is that most Indians believe in gold as a time-tested and safe asset class and prefer it over other forms of investment.

    The primary change was the increase in the limit to 4 kg (from 0.5kg) for individuals, HUF and 20 kg for Trusts. This was probably done to encourage high net-worth individuals, rich farmers as well as trusts to invest in these bonds. The Government also introduced flexibility in the scheme to design and introduce variants to cater to a cross-section of investors.

    Current Affairs for IAS Prelims 2018- April 2017

    4. Recently, the Government has entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in July, 2017. Consider the following statements regarding the UAPAs:
    1. The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the Arm’s Length Price of international transactions in advance for a maximum period of five future years.
    2. CBDT has signed its first APA with a taxpayer engaged in supplying rigs used in Oil & Gas exploration.

    Which of the following statements is true?
    a. Only 1
    b. 1 and 2
    c. Only 2
    d. Neither 1 nor 2

    Answer: b

    Explanation:

    The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017. Some of the UAPAs signed had rollback provisions also.

    The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the Arm’s Length Price of international transactions in advance for a maximum period of five future years. Further, the taxpayer has the option to rollback the APA for four preceding years, as a result of which, a total of nine years of tax certainty is provided. Since its  inception,  the  APA  scheme  has  attracted  tremendous  interest  among  Multi  National Enterprises  (MNEs).

    The nine APAs signed in the month of July, 2017 pertain to diverse sectors of the economy. CBDT has signed its first APA with a taxpayer engaged in supplying rigs used in Oil & Gas exploration. Other than the Oil & Gas Sector, the APAs pertain to Education, Banking, Pharmaceutical, Manufacturing and Information Technology sectors of the economy. The international transactions covered in these nine APAs include provision of software development services; provision of IT enabled services, provision of engineering design services, distribution, contract manufacturing, etc.

    ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

    5. Recently, the Government has launched a new scheme namely “Financial Support to MSMEs in ZED Certification Scheme”. Consider the following statements regarding the objective of this scheme:
    1. To develop an Ecosystem for Zero Defect Manufacturing in MSMEs.
    2. Encourage MSMEs to constantly upgrade their quality standards in products and processes.
    3. Drive manufacturing with the adoption of Zero Defect production processes and without impacting the environment.

    Which of the following above statements is true?
    a. 1 and 2
    b. 2 and 3
    c. 1 and 3
    d. 1, 2 and 3

    Answer: d

    Explanation:

    The Government has launched a new scheme namely “Financial Support to MSMEs in ZED Certification Scheme”.

    The objective of the scheme for promotion of Zero Defect and Zero Effect (ZED) manufacturing amongst micro, small and medium enterprises (MSMEs) and ZED Assessment for their certification so as to:

    • Develop an Ecosystem for Zero Defect Manufacturing in MSMEs.

    • Promote adaptation of Quality tools/systems and Energy Efficient manufacturing.

    • Enable MSMEs for manufacturing of quality products.

    • Encourage MSMEs to constantly upgrade their quality standards in products and processes.

    • Drive manufacturing with the adoption of Zero Defect production processes and without impacting the environment.

    • Support ‘Make in India’ campaign.

    • Develop professionals in the area of ZED manufacturing and certification.

    There are 50 parameters for ZED rating and additional 25 parameters for ZED Defence rating under ZED Maturity Assessment Model. The MSMEs are provided financial assistance for the activities to be carried out for ZED certification i.e., Assessment / Rating, the Additional rating for Defence angle, Gap Analysis, Handholding, Consultancy for improving the rating of MSMEs by Consultants and Re-Assessment / Re-Rating.

    Current Affairs Quizzes 2016 for IAS Prelims 2018

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