Static GK and Current Events Questions and Answers: 16th March 2021

Take the following GK Quiz based on static and current events. The quiz would be helpful to the candidates appearing in various competitive exams like UPSC, SSC, state PSC etc. 

1. Who is the leading supplier of API to India?

1. USA
2. UK
3. China 
4. Russia

Ans. c

Explanation: China is the lead supplier of Active Pharmaceutical Ingredient (API) to India.  

Related| Explained: What is Active Pharmaceutical Ingredient (API) and the effect of its price rise on Indian Pharmaceutical Industry?

2. Choose the correct statement about medicines from those listed below

i) API is chemically active and produces effects that act to cure the disease

ii) Chemically Active excipient deliver the API to the body

1. Only i
2. Only ii
3. Both i and ii
4. None of the above 

Ans. c

Explanation: A medicine is composed of two parts, API and CAE. Active Pharmaceutical Ingredient is chemically active and produces effects to cure the disease while Chemical Excipients are tasked to carry the API to the body parts. 

3. What is the full form of AT1 Bonds

1. Additional Tier 1 Bonds
2. Active Type 1 Bonds
3. Additional Type 1 Bonds
4. Active Tier 1 Bonds

Ans. a

Explanation: AT1 Bonds are called Additional Tier 1 Bonds and these are perpetual in nature

4. Choose the correct statement about AT1 Bonds

i) AT1 bonds are unsecured bonds with perpetual tenure

ii) These bonds thus do not have any maturity date

1. Only i
2. Only ii
3. Both i and ii
4. None of the above 

Ans. c

Explanation: AT1 bonds are unsecured bonds with perpetual tenure. These bonds thus do not have any maturity date. 

Read| Explained: What are AT1 Bonds and how are they related to mutual funds?

5. Who is the regulatory authority in India for Bond sale-purchase?

1. SEBI
2. RBI
3. IRDAI
4. Finance Ministry

Ans. a

Explanation: Security Exchange Board of India is the authority that regulates the Corporate debt market & bond markets. 

6. When is the Consumer Rights Day celebrated across the World?

1. 16th March
2. 10th March 
3. 15th March
4. None of the above 

Ans. c

Explanation: Consumer Rights Day is celebrated across the world on 15th March. 

7. Which US President was the first one to raise concerns on Consumer Rights?

1. JF Kennedy
2. FD Roosevelt
3. J Carter
4. Trueman

Ans. a

Explanation:  President John F Kennedy on 15 March, 1962, formally addressed the issue of consumer rights. He was the first leader who did this. 

Read| All about Consumer Rights Day 2021

8. What is the theme of this years consumer rights day

1. Tackling Plastic Pollution
2. The Sustainable Consumer
3. Trusted Smart Products
4. None of the above 

Ans.a 

Explanation: The theme of World Consumer Rights Day 2021 is  ‘Tackling Plastic Pollution'. 

9. Who are the Madhesi in Nepal?

1. People living in Himalayas
2. People living in Terai region
3. People on China- Nepal border
4. Major tribe of Nepal

Ans. b

Explanation: The Terai can also be interchangeably referred to as ‘Madhes’ and the people living there are called Madhesis.

Related| What is the Terai Independence Movement in Nepal?

10. After Iraq, who is the biggest Oil Supplier of India?

1. Iran
2. Saudi Arabia
3. USA
4. Oman

Ans. c

Explanation: The United States has overtaken Saudi Arabia as the second-biggest oil supplier of India in February 2021

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