1. Home
  2. |  
  3. Civil Services |  

IAS Questions for Prelims: 13 November 2017

Nov 13, 2017 17:31 IST
    IAS Questions for Prelims 13 November 2017
    IAS Questions for Prelims 13 November 2017

    Current events are fundamental in IAS preparation as many questions in the IAS prelims as well as IAS mains is asked from the current happenings and latest news. Specifically, solving the MCQs based on the current events helps the student to better understand the topics and score good marks in the IAS prelims exam.

    IAS Prelims Exam Guide

    Here, we have provided some important mock questions on the latest happenings that affect the country. We will continue to provide the current affairs questions for IAS Prelims 2018 to help you gain a better insight of how questions can be asked in the examination.

    1.    The RBI recently simplified the Foreign Exchange Management Regulations. Which of the following statements is true regarding the new regulations:

    a.    The new notification combines two regulations on foreign investments — one which is popularly called investment in an Indian company or FEMA 20, and the FEMA 24, which is investment in a partnership firm.
    b.    The amendment introduced a late submission fee that could allow an investor to regularise any contravention due to non-reporting, by paying the fee.
    c.    Both (a) and (b)
    d.    None of the above

    Answer: c

    Explanation:

    The Reserve Bank of India (RBI) has recently simplified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, by putting all the 93 amendments under one notification which will significantly make it easier for foreign investors to invest in the country.
    The Foreign Exchange Management Act (FEMA), introduced in 1999, was amended 93 times. The new notification combines two regulations on foreign investments — one which is popularly called investment in an Indian company or a partnership, or in a limited liability partnership, or FEMA 20, and the other — FEMA 24, which is investment in a partnership firm.

    Another significant change is the introduction of a late submission fee that could allow an investor to regularise any contravention due to non-reporting, by paying the fee. The person/entity responsible for filing the reports provided in regulation shall be liable for payment of late submission fee, as may be decided by the Reserve Bank, in consultation with the Central government, for any delays in reporting.

    IAS Questions for Prelims 4 to 10 November 2017

    2.    Consider the following statements regarding the newly approved restructuring of the National Rural Drinking Water Programme (NRDWP):

    1)    NRDWP is to be continued with the 14th Finance Commission cycle till March 2020.
    2)    There will be 2% earmarking of funds for Japanese Encephalitis (JE) /Acute Encephalitis Syndrome (AES) affected areas.
    3)    A new Sub-programme under NRDWP viz. National Water Quality Sub-Mission (NWQSM) will address the urgent need for providing clean drinking water in about 28000 Arsenic & Fluoride affected habitations.

    Which of the above statements are true?

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

    Answer: d

    Explanation:

    Some of the important restructuring guidelines are as follows:
    •    National Rural Drinking Water Programme (NRDWP) is to be continued co-terminus with the 14th Finance Commission cycle till March 2020.
    •    With the restructuring of the NRDWP, there will be 2% earmarking of funds for Japanese Encephalitis (JE) /Acute Encephalitis Syndrome (AES) affected areas.
    •    A new Sub-programme under NRDWP viz. National Water Quality Sub-Mission (NWQSM) which has been started by the Ministry  of Drinking Water and Sanitation in February 2017 will address the urgent need for providing clean drinking water in about 28000 Arsenic & Fluoride affected habitations (already identified). As per estimates, about Rs. 12,500 crore as Central shares will be required over 4 years i.e. up to March, 2021. This is being funded from the allocation under NRDWP.
    •    Pre-financing for the agreed schemes, to the extent of half of the second instalment amount, will be made by the State Governments, which will be reimbursed later on from the central funding. If the State(s) fails to claim this amount before 30th November in the financial year, then, these funds will become a part of the common pool, which will be released to the high performing States, which have already pre-financed the requisite Government of India share on a first come first serve basis.
    •    Other half of second instalment of funds will be released to the States based on functionality status of completed piped water supply schemes, which will be evaluated through a third party.
    •    The Cabinet has approved Rs. 23,050 crore for the programme for the FFC period 2017-18 to 2019-20.

    IAS Questions for IAS Prelims 2018: September 2017

    3.    Consider the following statements regarding the recently held Blue Flag aerial training exercise?

    1)    The exercise is designed to strengthen Israel’s military cooperation internationally.
    2)    This is the first time India is participating in the drill.

    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:

    Blue Flag is a bi-annual multilateral exercise which aims to strengthen military cooperation amongst participating nations. The exercise is designed to strengthen Israel’s military cooperation internationally. This is the first time India is participating in the drill, along with the US, France, Germany, Italy, Greece and Poland.

    IAS Questions for IAS Prelims 2018: August 2017

    4. Recently, the Union Cabinet has given its approval for signing a Memorandum of Understanding (MoU) between India and Philippines in the field of agriculture and related fields. Consider the following statements regarding this:

    1. The MoU will improve bilateral cooperation in the field of agriculture and will be mutually beneficial to both countries.
    2. It will promote understanding of best agricultural practices in the two countries and will help in better productivity as well as improved global market access.
    3. This MoU provides for cooperation in the fields of rice production and processing, multi-cropping system, dryland farming systems, bio-organic farming, solid and water conservation and management, soil fertility, sericulture, agro forestry, livestock improvement etc.

    Which of the above statements is true?

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

    Answer: d

    Explanation:

    Recently, the Union Cabinet has given its approval for signing a Memorandum of Understanding (MoU) between India and Philippines in the field of agriculture and related fields.

    The MoU will improve bilateral cooperation in the field of agriculture and will be mutually beneficial to both countries. It will promote understanding of best agricultural practices in the two countries and will help in better productivity as well as improved global market access. This MoU provides for cooperation in the fields of rice production and processing, multi-cropping system, dryland farming systems, bio-organic farming, solid and water conservation and management, soil fertility, sericulture, agro forestry, livestock improvement etc. The MoU provides for constitution of Joint Working Group composed of an equal number of representatives. The Joint Working Group shall meet once every two years alternatively in the Philippines and India.

    5. Recently, the Union Cabinet has given its approval for entering into an Agreement between India and the Hong Kong Special Administrative Region (HKSAR) of China for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income. consider the following statements regarding this:

    1. The Agreement will stimulate the flow of investment, technology and personnel from India to HKSAR & vice versa, prevent double taxation and provide for the exchange of information between the two Contracting Parties.
    2. It will improve transparency in tax matters and will help curb tax evasion and tax avoidance.

    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 Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for entering into an Agreement between India and the Hong Kong Special Administrative Region (HKSAR) of China for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income.
    The Agreement will stimulate the flow of investment, technology and personnel from India to HKSAR & vice versa, prevent double taxation and provide for the exchange of information between the two Contracting Parties. It will improve transparency in tax matters and will help curb tax evasion and tax avoidance.

    In so far as India is concerned, the Central Government is authorized under Section 90 of the Income Tax Act, 1961 to enter into an Agreement with a foreign country or specified territory for avoidance of double taxation of income, for exchange of information for the prevention of evasion or avoidance of income-tax chargeable under the Income-tax Act, 1961. This Agreement is on similar lines as entered into by India with other countries.

    IAS Questions- 2016 for IAS Prelims 2018

    Latest Videos

    Register to get FREE updates

      All Fields Mandatory
    • (Ex:9123456789)
    • Please Select Your Interest
    • Please specify

    • ajax-loader
    • A verifcation code has been sent to
      your mobile number

      Please enter the verification code below

    This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK
    X

    Register to view Complete PDF