GK Quiz on Static and Current Events: 22nd December 2020

Here is a GK Quiz to test your awareness. Answer the following questions related to current and static events. Check your knowledge and also find the explanation of the questions below.
Created On: Dec 22, 2020 10:40 IST
Modified On: Dec 23, 2020 12:34 IST
GK QUIZ ON CURRENT AND STATIC EVENTS
GK QUIZ ON CURRENT AND STATIC EVENTS

Check your general knowledge by going through this current and static events quiz below. The questions are prepared, keeping in mind the specifications of various competitive exams like UPSC, SSC, Bank PO, NDA etc. Go ahead, take a look below to know if you are prepared enough for your exams. Also, find the explanations along with the answers below.

  1. Who are Arhtiyas?
  1. The statisticians of the Gupta period
  2. The land revenue collectors in the Mauryan empire
  3. The middlemen or the bichauliya
  4. The statesmen in the Maratha period

Ans. c

Explanation: Arhtiyas or the bichauliya or middlemen, are those who facilitate the transactions between farmers and the actual buyers, making them more like brokers. The buyer can be a private trader, a processor, an exporter, or a government agency like the Food Corporation of India (FCI). They ate recently in news due to the farmer’s protest and the income tax raids that have been conducted on them.  Read more here. 

  1. With respect to the Mauryan Empire answer the correct statement of the following

i) Farmers in this age were free of the middlemen or the regional kings and did not pay taxes to them

ii) Although the kingdoms were annexed and put under Mauryan rule, they were allowed to trade in their own currency

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

Ans. a

Explanation: Chandragupta Maurya established a single currency across India. In his kingdom, through a disciplined central authority of the Mauryan Empire, farmers were freed of regional kings tax and crop collection burdens. They paid taxes but through a nationally administered system of taxation. Read more here. 

  1. Which of the following statements are not true
  1. Sri Gupta was the founder of the Gupta dynasty
  2. Chandra Gupta 1 was the son of Sri Gupta and one of the most famous kings of the Gupta dynasty
  3. Samudra Gupta was the conqueror and incorporated over 20 kingdoms to the empire
  4. Patliputra was the capital city at the time of Chandra Gupta II

Ans. b

Explanation: Chandra Gupta 1 was the son of Ghatotkacha who was the successor of Sri Gupta. It is true that he was the most famous kings in the Gupta dynasty and ruled from 319 to 335 CE. 

  1. In the following match find the correct one 

 

a

Mach number is less than 0.8

Subsonic

b

Mach number is between 0.8 and 1.2-

Hypersonic

c

Mach number is 1

Transonic

d

Mach number between 1.2 and 5.0

Speed of light

Ans. a

Explantation:

 

a

Mach number is less than 0.8

Subsonic

b

Mach number is between 0.8 and 1.2-

Transonic

c

Mach number is 1

Speed of sound

d

Mach number between 1.2 and 5.0

Supersonic

 

  1. With respect to Solstice select the correct statement

i) Solstice marks the shifting of the sun from one hemisphere to another 

ii) Winter solstice generally occurs between December 20-23 every year

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

Ans. c 

Explanation: Solstice in Latin means the 'stalled sun'. Summer and Winter Solstices are astronomical events which mark the movement of the Sun and the changes in the duration of day and night eventually due to it. During winter solstice that is from December 20-23, the sun shifts to the Tropic of Capricorn from Tropic of Cancer which is due to the earth's inclination at 23.5 degrees. Know more here.

  1. PM Modi recently held a virtual summit with Vietnam. Who is the current Prime Minister of the country?
  1. Nguyen Xuan Phuc
  2. Thongloun Sisoulith
  3. Muhyiddin bin Haji Muhammad Yassin
  4. Lee Hsien Loong

Ans. a

Explanation: Nguyen Xuan Phuc is the Vietnamese counterpart who held the meeting virtually with PM Modi recently to discuss the future development of the comprehensive strategic partnership between the two nations.

  1. With respect to NFHS 5 select the correct statement

i) This data is released yearly by the Ministry of health and family welfare

ii) As per the survey, infant and child mortality declined in most of the Indian states

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

Ans. b

Explanation: National Family Health Survey is not conducted yearly but every 5 years by the Ministry of Health and  Family Welfare. It is true that most of the states have reported a decline in child mortality rate 

  1. With respect to sovereign wealth funds which of the following is correct?

i) These are state-owned investment funds comprising of the money generated by the government

ii) The Stabilization funds, Savings or future generation fund are a type of Sovereign fund

  1. Only i
  2. Only ii
  3. Both i and ii
  4. None 

Ans. c

Explanation: Sovereign funds are of various types- Stabilization funds, Savings or future generation fund, Public benefit pension reserve funds, Reserve investment funds, Strategic Development Sovereign Wealth Funds (SDSWF), Funds targeting specific industries (possibly emerging or distressed), Foreign currency reserve assets.

  1. Which statement justifies ESG Fund?
  1. These are funds given to one country by another for environment protection
  2. These funds are released in return for Carbon credits
  3. The ESG fund shortlists the companies which rate high on the environment, social responsibility and corporate governance.
  4. None of the above 

Ans: c 

Explanation: ESG stands for Environment Empathy, Social Responsibility and Corporate Governance. These parameters are used as filters for the investments in stocks. In simple words, ESG investing is sustainable or socially responsible investing.  Also Read| Hassyan Clean Coal Power Plant- Know all about Arab Gulf's only Coal Power Generation Plant

  1. Identify the statement that can be a subset of GDP

i) Nominal GDP measures the value of all the goods and services produced by an economy at current market prices in a Financial Year.

ii) Real GDP takes Nominal GDP into account and adjusts it for inflation or deflation to base year's prices

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

Ans. c

Explanation: Nominal Gross Domestic Product is a way of measuring the value of all the goods and services produced by an economy at current market prices in a Financial Year. It is also known as 'Current Dollar GDP' or 'Chained Dollar GDP'. Real Gross Domestic Product is a way of measuring a nation's output in terms of the value of its good and services, its investments, government spending and exports with the prices of the base year. 

Also Read| GK QUiz for December 21, 2020: Check your knowledge here.

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