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IAS Questions for Prelims: 11 October 2017

Oct 11, 2017 13:40 IST
    IAS Questions for Prelims 11 October 2017
    IAS Questions for Prelims 11 October 2017

    The given IAS questions based current issues are very efficient for IAS preparation. Every IAS aspirant should focus on such questions before the IAS Prelims Exam. We have provided IAS questions based on the current affairs are very important for IAS Prelims Exam 2018.

    IAS Prelims Exam Guide

    1. The Securities and Exchange Board of India (SEBI) has allowed exchanges established in GIFT City to introduce crude oil futures contracts, trading in which is set to commence in India recently. Consider the following statements regarding this:
    1. The inclusion of crude oil contracts at the International Financial Services Centre (IFSC) was one of the main demands by market participants who had wanted to be able to trade in the global commodity in dollar terms, with the added advantage of lower trading costs and also longer trading hours on Indian shores.
    2. Currently, BSE’s India INX and the NSE IFSC are the two operational bourses in the special financial zone in Gujarat.
    3. Currently, bourses based in GIFT City offer trading in derivatives based on indices, single stocks — both domestic and overseas — currency and bullion.

    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 Securities and Exchange Board of India (SEBI) has allowed exchanges established in GIFT City to introduce crude oil futures contracts, trading in which is set to commence later this month.

    The inclusion of crude oil contracts at the International Financial Services Centre (IFSC) was one of the main demands by market participants who had wanted to be able to trade in the global commodity in dollar terms, with the added advantage of lower trading costs and also longer trading hours on Indian shores.

    Currently, BSE’s India INX and the NSE IFSC are the two operational bourses in the special financial zone in Gujarat. While India INX started trading in January, NSE IFSC went live in June. Further, exchanges in the IFSC offer trading facilities for 22 hours.

    IAS Questions for IAS Prelims 2018: September 2017

    2. Recently, the state cabinet of Maharashtra on 10 October 2017 approved a climate change adaptation policy that will focus on developing environment-friendly villages and cities. Consider the following statements regarding this:
    1. The cabinet approved the provision of funds for agricultural pumps, approval of a special scheme for pending agricultural pumps in Vidarbha and Marathwada region.
    2. The cabinet also gave its approval for a grant of Rs 10 lakh to the Akhil Bharatiya Marathi Sahitya Mahamandal and six other regional educational institutions.

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

    Answer: c

    Explanation:

    The state cabinet of Maharashtra on 10 October 2017 approved a climate change adaptation policy that will focus on developing environment-friendly villages and cities.

    According to a statement issued by the Chief Minister's office, a special cell under the state Environment department will be set up for the effective implementation of the policy. The cabinet approved the provision of funds for agricultural pumps, approval of a special scheme for pending agricultural pumps in Vidarbha and Marathwada region.

    The cabinet also gave its approval for a grant of Rs 10 lakh to the Akhil Bharatiya Marathi Sahitya Mahamandal and six other regional educational institutions. Further, the state government also increased subsidy from 50 per cent to 75 per cent for the development of basic infrastructure of 26 municipal corporations in A and D category in the state.

    IAS Questions for IAS Prelims 2018: August 2017

    3. Recently, the Union Finance Ministry has imposed anti-dumping duty on imports of certain steel wire rods from which of the following countries?
    a. USA
    b. China
    c. Japan
    d. Singapore

    Answer: b

    Explanation:

    The Union Finance Ministry has imposed anti-dumping duty on imports of certain steel wire rods from China for a period of five years. The decision has been taken to guard the interest of domestic players from cheap in-bound shipments.

    The duty was imposed after the Commerce Ministry's Directorate General of Anti-Dumping and Allied Duties (DGAD) recommended duty on such imports. In its findings, the DGAD had concluded that the wire rod of alloy or non-alloy steel has been exported to India below the normal value due to which domestic industry has suffered material injury. India has already slapped anti-dumping duty on certain cold-rolled flat steel products from four nations including China and South Korea.

    Current Affairs Quizzes for IAS Prelims 2018: July 2017

    4. As per the World Bank, which of the following countries tops the list of remittances receiving nations?
    a. India
    b. USA
    c. Russia
    d. France

    Answer: a

    Explanation:

    India is likely to maintain its place as the top remittances receiving nation, with its Diaspora set to pump in a whopping USD 65 billion in the year 2017, the World Bank said today.
    Ahead of the annual summit of the International Monetary Fund (IMF) and the World Bank, a report published by the global lender said that remittances, which include flows to high-income countries, are projected to grow by 3.9% to USD 596 billion. The other top 5 remittances receiving countries after India are China (USD 61 billion), Philippines (USD 33 billion), Mexico (USD 31 billion), and Nigeria (USD 22 billion).

    IAS Questions for IAS Prelims 2018: June 2017

    5. Recently, a piracy attempt on which of the following Gulfs was foiled by an Indian Naval warship, INS Trishul on 06 October 2017.
    a. The Gulf of Oman
    b. The Gulf of Aqaba
    c. The Gulf of Aden
    d. The Gulf of Khambhat

    Answer: c

    Explanation:

    A piracy attempt on the high seas was foiled by an Indian Naval warship on 06 October 2017. INS Trishul a stealth frigate of the Indian Navy whilst on Anti-piracy patrol in the Gulf of Aden was escorting a merchant vessel, MV Jag Amar, when she detected a boat carrying out suspicious manoeuvers in the vicinity of the merchant ship.

    INS Trishul closed the boat for investigation and launched her integral helicopter to investigate. The skiff was carrying items identified as piracy triggers and some small arms with ammunition. Marine commandos boarded the pirate boat and neutralised all piracy triggers in accordance with Standard Operating Procedures. The merchant vessel Jag Amar with all 26 Indian crew is safe and is continuing her passage. The skiff and her crew were released.

    The Indian Navy has been deploying a warship in the waters in and around the Gulf Of Aden since 2008 and has safely escorted hundreds of merchant vessels through these treacherous waters. Indian ships are mandated to prevent piracy and are not mandated for regional law enforcement. The actions taken by the ship are the rationale for the continued deployment of Indian ships for anti-piracy operations in the Gulf of Aden.

    IAS Questions- 2016 for IAS Prelims 2018

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