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Current Affairs Quiz/Questions-Answers March 2013, March 25-March 31

Apr 1, 2013 09:27 IST

The week show many agreements like Tax Information Exchange Agreement (TIEA), Prison Transfer of Parwan Detention Facility and more. To know the happenings of the week’s event and test your knowledge about the week, solve the quizzes.

1. Agreement on Prison Transfer of Parwan Detention Facility was signed between two countries name the countries?
a) United States and Afghanistan
b) United States and Cuba
c) United States and Venezuela
d) United States and Pakistan
Answer: (a) United States and Afghanistan

2. Federal Aviation Administration (FAA) on 22 March 2013 announced closure of 149 Air Traffic Control Towers across United States. What is the basic reason for the announcement made by the Department?
a) The decision of shutting down the traffic control towers came in wake of the budget cuts that had trimmed several million dollars from it.
b) The decision of Shutting down the services was announced as a measure to observe earth hour in aviation everyday by saving power
c) Federal Aviation Administration wants to save the authorities to slash 637 million dollars for rest of the fiscal year that ends on 30 September 2013 to be the richest aviation industry of the world
d) Because of the new technology evolved that allows the Aircrafts to detect the runways with complete clarity to find the runway without crash
Answer: (a) The decision of shutting down the traffic control towers came in wake of the budget cuts that had trimmed several million dollars from it.

3. An agreement, on the RadioAstron space satellite was signed between the South African National Space Agency (SANSA) and the Russian Federal Space Agency (Roscosmos) on the Margins of BRICS Summit on 26 March 2013 in Durban. Which of the following statements mentioned below about the RadioAstron are true?
I. The RadioAstron satellite was launched by Roscosmos on 18 July 2011.
II. It carries a radio telescope that will obtain images and coordinates of various radio-emitting objects.
III. The idea is to complement the capability of ground-based Very Long Baseline Interferometry (VLBI) instruments with a space-based VLBI instrument.
IV. The project is an international collaboration led by the Astro Space Centre of the Lebedev Physical Institute (Russian Academy of Sciences) in Moscow.
a) Statements I, and III are true
b) Statements I, II and III are true
c) Statements II, III and IV are true
d) All the four statements are true
Answer: (d) All four Statements are true

4. Which of the statements about the 5th BRICS Summit Held at Durban are true?
I. With this summit one cycle of BRICS Concluded
II. Burgundy, Russia, India, China and South Africa are the five member nations of the BRICS group
III. BRICS countries agreed to actively support the infrastructure development and industrialisation on the African continent in order to contribute to its development and to expand trade links between Africa and BRICS.
IV. They reiterate that the world economic order is changing and that the process of developing economic policy agenda at the global level should reflect this. While there is a realization even amongst the developed countries about the increasing economic weight of emerging economies, this is not fully reflected in the governance model of global institutions such as the IMF and World Bank. We shall continue to work alongside our governments to gradually usher in governance reforms at multi-lateral institutions.
a) Statements I, and III are true
b) Statements I, II and III are true
c) Statements I, III and IV are true
d) All the four statements are true
Answer: (c) Statements I, III and IV are true

5. India and Liechtenstein signed the Tax Information Exchange Agreement (TIEA) on 28 March 2013 at Bern, Switzerland.
I. TIEA is based on international standard of transparency and exchange of information.
II. It was decided that the information should be anticipated in context with the administration and enforcement of the International laws of the Contracting Parties in relation with the taxes included in the agreement.
III. There was also a specific provision that the requested Party will make use of the information gathering measures to obtain the requested information, despite the fact that the Party does not need any such information for its tax purposes.
IV. A specific provision was incorporated in the agreement wherein it was decided that ownership and banking information shall be provided.
a) Statements I, and III are true
b) Statements I, III and IV are true
c) Statements I, II and III are true
d) All the four statements are true
Answer: (b) Statements I, III and IV are true

 

Is this article important for exams ? Yes15 People Agreed

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