Current Affairs for IAS Prelims Exam 2017: 8 June 2017

Jun 8, 2017 12:55 IST

Current Affairs Quiz 17 May

Current affairs can take part a substantial role for the IAS aspirants to get selected in IAS Exam. Specifically, the current affairs dominate in the every stage of IAS Exam. In IAS Prelims a large number of questions can be found associated with the recent happening in India and around the world. Based on the same pattern of IAS Exam, here, we created current affairs quizzes which are very important for IAS preparation.

Current Affairs Quizzes for IAS Prelims 2017: May 2017

1. Consider the following statements regarding approval for the agreement signed between India and Cyprus on Merchant Shipping recently:
I. The Agreement in Merchant Shipping will pave the way for cooperation in eliminating any hindrances which may hamper the development of sea trade between the two nations.
II. The MoU will encourage participation in the transport of goods between the countries, and also from third countries.
III. The MoU further seeks to enhance cooperation for employment, improvement of conditions of work and for the welfare of seafarers employed on each other’s vessels.

Which of the following statement(s) is/are correct?
a. Only I
b. I and II
c. II and III
d. All of the above

Answer: d

Explanation:

The Union Cabinet has given its ex-post facto approval to the Agreement between India and Cyprus on Merchant Shipping, which was signed in April 2017.

The Agreement in Merchant Shipping will pave the way for cooperation in eliminating any hindrances which may hamper the development of sea trade between the two nations. The MoU will encourage participation in the transport of goods between the countries, and also from third countries. The MoU further seeks to enhance cooperation for employment, improvement of conditions of work and for the welfare of seafarers employed on each other’s vessels.

Current Affairs for IAS Prelims 2017- April 2017

2. Recently, the Union Cabinet has approved the bilateral MoU between India and Iran. Consider the following statements regarding this MoU:
I. The MoU is expected to contribute towards strengthening the information sharing framework between SEBI and SEO, Iran.
II. It would also contribute towards strengthening the information sharing framework between the two countries.

Which of the following statement(s) is/are correct?
a. Only I
b. Only II
c. Both I and II
d. Neither I nor II

Answer: c

Explanation:

The Union Cabinet has approved the Bilateral Memorandum of Understanding (MoU) between Securities and Exchange Board of India (SEBI) and Securities and Exchange Organization (SEO), Iran in relation to mutual cooperation on matters pertaining to securities markets. The MoU is likely to promote further development of economic links and cooperation between the two regulators and aims at creating conditions for an effective development of securities markets in the two countries.

It would also contribute towards strengthening the information sharing framework between the two countries. It is expected to add value to overseas mutual cooperation and regulation activities of SEBI and SEO, Iran. The MoU is expected to contribute towards strengthening the information sharing framework between SEBI and SEO, Iran.

Current Affairs for IAS Prelims 2017- March 2017

3. The Union Cabinet has approved an agreement between India and Somalia on the transfer of sentenced persons. Consider the following statements regarding this:
I. The signed agreement with Somalia will facilitate the Indian prisoners imprisoned in Somalia or vice-versa to be near to their families.
II. Prior to 2004, there was no domestic legislation under which foreign prisoners could be transferred to the country of their origin.

Which of the following statement(s) is/are correct?
a. Only I
b. Only II
c. Both I and II
d. Neither I nor II

Answer: c

Explanation:

The Union Cabinet has given its approval for signing and subsequent ratification of the Agreement on Transfer of sentenced persons between Indi and Somalia. Signing the Agreement with Somalia shall facilitate the Indian prisoners imprisoned in Somalia or vice-versa to be near to their families, for serving the remaining part of their sentence and shall facilitate their social rehabilitation.

The Government of India has signed bilateral Agreements on Transfer of Sentenced Persons with United Kingdom, Mauritius, Bulgaria, France, Egypt, Sri Lanka, Cambodia, South Korea, Saudi Arabia, Iran, Bangladesh, Brazil, Israel, Bosnia & Herzegovina, UAE, Italy, Turkey, Maldives, Thailand, Russian Federation, Kuwait, Vietnam, Australia, Hong Kong, Qatar, Mongolia, Kazakhstan, Bahrain and Estonia.

ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

4. The Union Cabinet has approved a MoU between India and Mali for standardisation and conformity assessment. Consider the following statements regarding this:
I. The MoU is between Quality Council of India (QCI), India and Direction Nationale De Industries (MLINDI), Republic of Mali.
II. The MoU aims to facilitate closer cooperation and provide a mechanism by which India and Mali can work together towards the common aim of strengthening standardisation and conformity assessment activities in order to facilitate sharing of expertise and mutual trade.

Which of the following statement(s) is/are correct?
a. Only I
b. Only II
c. Both I and II
d. Neither I nor II

Answer: a

Explanation:

The Union Cabinet has given its ex-post facto approval to the Memorandum of Understanding (MoU) between Bureau of Indian Standards (BIS), India and Direction Nationale De Industries (MLINDI), the Republic of Mali on Standardization and Conformity Assessment.

The MoU aims to facilitate closer cooperation and provide a mechanism by which India and Mali can work together towards the common aim of strengthening standardisation and conformity assessment activities in order to facilitate sharing of expertise and mutual trade.

Union Budget 2017 Questions for IAS Exam

5. The Union Cabinet has approved a MoU between India and Korea for export credit of USD 9 billion. Consider the following statements regarding this:
I. The proposed MoU between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of USD 9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries.
II. The decision is expected to promote the country’s international exports and deepen political and financial ties between India and Korea.
III. The export credit will be utilised through lending by EXIM Bank for promoting projects for priority sectors, including smart cities, railways, power generation and transmission etc., in India.

Which of the following statement(s) is/are correct?
a. Only I
b. I and II
c. II and III
d. All of the above

Answer: d

Explanation:

The Union Cabinet has approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of USD 9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries.

The MoU is proposed to be signed between the two banks during the forthcoming visit of the Finance Minister, Arun Jaitley, to Seoul, Korea during 14-15 June 2017 for the Annual Financial Bilateral Dialogue. The decision is expected to promote the country’s international exports and deepen political and financial ties between India and Korea. The export credit will be utilised through lending by EXIM Bank for promoting projects for priority sectors, including smart cities, railways, power generation and transmission etc., in India and for the supply of goods and services from India and Korea as part of projects in third countries.

Current Affairs Quizzes 2016 for IAS Prelims 2017

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