Jagran Josh Logo
  1. Home
  2. |  
  3. Civil Services|  

IAS Questions for Prelims: 27 July 2017

Jul 27, 2017 14:20 IST
  • Read in hindi
IAS Questions for Prelims 27 July 2017
IAS Questions for Prelims 27 July 2017

IAS aspirants should study and practice the IAS questions for IAS Prelims Exam on daily basis. Since the importance of current affairs has become larger in IAS Exam and it has to be a cover on primary basis during IAS preparation. For the convenience of IAS aspirant, we are providing IAS questions based on the current events and issues of national and international importance. Check out the given IAS questions for Prelims Exam and assess your level of IAS preparation.

IAS Prelims Exam Guide

1. Recently, the Union Cabinet has approved the revision of guidelines of Sovereign Gold Bonds Scheme. Consider the following statements regarding this:
1. Specific changes have been made in the attributes of the scheme to make it more attractive, mobilise finances as per the target and reduce the economic strains caused by imports of gold and reduce the Current Account Deficit (CAD).
2. Sovereign Gold Bond (SGB) Scheme was notified by the Government of India on November 05, 2015 after due approval of the Cabinet.
3. The main objective of the scheme was to develop a financial asset as an alternative to purchasing metal gold.

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 Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given approval for revision of guidelines of Sovereign Gold Bonds (SGB) Scheme with a view to achieve its intended objectives.

Two sets of changes have been made in the scheme:
I. Specific changes have been made in the attributes of the scheme to make it more attractive, mobilise finances as per the target and reduce the economic strains caused by imports of gold and reduce the Current Account Deficit (CAD).
II. Flexibility has been given to Ministry of Finance to design and introduce variants of SGBs with different interest rates and risk protection/pay-offs that would offer investment alternatives to a different category of investors. Ministry of Finance (the issuer) has been delegated this power to amend/add to the features of the Scheme with the approval of the Finance Minister to reduce the time lag between finalising the attributes of a particular tranche and its notification. Such flexibility will be effective in addressing the elements of competition with new products of investment, to deal with very dynamic and sometimes volatile market, macro-economic and other conditions such as gold price.

Current Affairs Quizzes for IAS Prelims 2018: June 2017

2. Recently, the Union Cabinet has been apprised of the Memorandum of Understanding (MoU) on cooperation in the field of youth affairs and sports signed between India and which of the following countries?
a. Germany
b. Palestine
c. Japan
d. Russia

Answer: b

Explanation:

The Union Cabinet has been apprised of the Memorandum of Understanding (MoU) signed between India and Palestine on cooperation in the field of youth affairs and sports.
The MoU will help in promoting the exchange of ideas, values and culture amongst all youth irrespective of their caste, religion and gender as well as the development of sports in the two countries. In turn, it will help in consolidating friendly relations between the two countries.

Current Affairs Quizzes for IAS Prelims 2018: May 2017

3. Recently, the Union Cabinet has been apprised of the Joint Declaration of Intent (JDI) between Department of Science & Technology (DST), India and the Federal Ministry of Education and Research (BMBF), Germany on Indo German-Centre for Sustainability (IGCS). Consider the following statements regarding this:
1. The objective of the JDI on IGCS is to promote cooperation between German and Indian scientists on fundamental and applied scientific research.
2. It includes areas such as policy support, teaching, training and dissemination of information in the area of sustainable development and climate change through inter-disciplinary/trans-disciplinary research.
3. Under this JDI, the required institutional framework will be developed to provide fund support to the IGCS at IIT, Madras by DST and BMBF.

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 Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Joint Declaration of Intent (JDI) between Department of Science & Technology (DST), India and the Federal Ministry of Education and Research (BMBF), Germany on Indo German-Centre for Sustainability (IGCS). The JDI was concluded on 30th May 2017 in Germany during the fourth Inter-Governmental Consultations (IGC) between India and Germany between Prime Minister of India and the German Federal Chancellor in Berlin. The JDI was signed by the Union Minister for Science & Technology and Earth Sciences, India, Dr Harsh Vardhan and Germany’s Minister for Education & Research Prof. Dr Johanna Wanka.

The objective of the JDI on IGCS is to promote cooperation between German and Indian scientists on fundamental and applied scientific research. It includes areas such as policy support, teaching, training and dissemination of information in the area of sustainable development and climate change through inter-disciplinary/trans-disciplinary research. The IGCS will nurture future collaboration by widening the network with other Universities, Institutes and industries both in India and Germany. On the Indian side, Indian Institute of Technology (IIT), Madras will act as the host institution for IGCS.

Under this JDI, the required institutional framework will be developed to provide fund support to the IGCS at IIT, Madras by DST and BMBF. DST will provide grant-in-aid support to IGCS for undertaking research in the areas of climate change for sustainable development. DST and BMBF will jointly support the IGCS for a period of five years starting from January 2018.

Current Affairs for IAS Prelims 2018- April 2017

4. Recently, India has started the process for review and revision of the earlier Model Bilateral Investment Treaties (BITs). Consider the following statements regarding the BIT Model:
1.    BITs help to project India as an attractive Foreign Direct Investment (FDI) destination, as well as protect outbound Indian FDI, by increasing the comfort level and boosting the confidence of investors by assuring a minimum standard of treatment and non-discrimination.
2.    The existing Indian Bilateral Investment Treaties (BITs) were largely negotiated on the basis of Model BIT text adopted in 1956, and as amended in 1993.
3.    The 1993 Model BIT text contained provisions which were susceptible to broad and ambiguous interpretations by arbitral tribunals.

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: c

Explanation:

The existing Indian Bilateral Investment Treaties (BITs) were largely negotiated on the basis of Model BIT text adopted in 1993, and as amended in 2003. The 1993 Model BIT text contained provisions which were susceptible to broad and ambiguous interpretations by arbitral tribunals. Further, significant changes have occurred globally regarding BITs, in general, and investor-state dispute resolution mechanism, in particular. Accordingly, India started the process for review and revision of the earlier Model BIT, and came out with a revised Model BIT version, in December 2015. Discussion on commencing negotiations on Bilateral Investment Treaty (BIT) or investment agreement based on approved Model BIT text with Russia, USA and EU are ongoing.

BITs help to project India as an attractive Foreign Direct Investment (FDI) destination, as well as protect outbound Indian FDI, by increasing the comfort level and boosting the confidence of investors by assuring a minimum standard of treatment and non-discrimination.

ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

5. Recently, the Government is formulating the Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of INR 2000 crores that will enable Startups to raise loans without any collateral for their business purposes. Consider the following statements regarding this:
1. The scheme will provide benefit to a Startup recognised by DIPP as per Gazette Notifications issued from time to time.
2. The proposed scheme will provide credit guarantee up to INR 500 lakhs per case inclusive of the term loan, working capital or any other instrument of assistance extended by Member Lending Institutions (MLIs) to finance an eligible borrower.
3. The Management Committee (MC) shall be responsible for the overall supervision and monitoring of the Credit Guarantee Scheme for startups.

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 is formulating a Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of INR 2000 crores that will enable Startups to raise loans without any collateral for their business purposes. The proposed scheme will provide credit guarantee up to INR 500 lakhs per case inclusive of the term loan, working capital or any other instrument of assistance extended by Member Lending Institutions (MLIs) to finance an eligible borrower i.e. a Startup recognised by Department of Industrial Policy and Promotion (DIPP).

Current Affairs Quizzes 2016 for IAS Prelims 2018

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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

Newsletter Signup
Follow us on
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