CURRENT AFFAIRS DAILY MCQs JUNE 9, 2018

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1 1. Consider the following statements about the Foreign Direct Investments (FDI). 1) Strong inflow of foreign investments improves the country s balance of payments (BoP) situation. 2) It strengthens the local currency s value against other global currencies. Which of the above statement is/are incorrect? Answer: d There is a strong relationship between foreign investment and economic growth. The FDI inflows are reported under the capital account of BOP. The early effect of an inflow of FDI on BOP is invariably positive. The FDI inflows also affect the BOP statement indirectly through the current account of BOP because FDI inflows have significant impact on the volume of import and export of a country. Thus the FDI inflow has an important role to determine the BOP account of a country. It strengthens the rupee value against other global currencies, especially dominant US dollar. 2. Consider the following statements with respect to the newly elected five nonpermanent members to the United Nations Security Council for its two year term. 1) One member is from the Group of African states and Group of Asia-Pacific states.

2 2) One member is from the Group of Latin American and Caribbean states 3) Three members are from the Western European and other states. Choose the incorrect answer using the codes below. (c) 1 and 3 only (d) None of the above Answer: c Two members are from the Group of African states and Group of Asia-Pacific states. One member is from the Group of Latin American and Caribbean states Two members are from the Western European and other states. 3. Consider the following statements regarding ICGS C ) ICGS C 439 is an interceptor ship of India for tasks such as surveillance, interdiction, search and rescue and medical evacuations along the Eastern coast. 2) It is operated and maintained by the Indian Navy. Which of the above statement is/are correct?

3 Answer: d ICGS C 439 is an interceptor ship of India for tasks such as surveillance, interdiction, search and rescue and medical evacuations along Western coast. It is operated and maintained by the Indian Coast Guard. 4. Which of the following is related to Dhanush? (a) Artillery gun (b) Anti-Tank Guided Missile (ATGM) (c) Hand grenades (d) Satellite system Answer: a Dhanush is a 155mm x 45mm calibre artillery gun and is also called the "desi Bofors". It has a strike range of 38 kilometres and 81% of its components are indigenously sourced. It has several significant advance features, including an all-electric drive, high mobility, quick deployability, auxiliary power mode, advanced communication system and automated command and control system. 5. Consider the following statements in regard to Berne Convention. 1) The Berne Convention of 1886 is an international agreement governing patents all over the world. 2) India is a signatory to the Berne Convention.

4 Which of the above statement is/are incorrect? Answer: a The Berne Convention for the Protection of Literary and Artistic Works is an international agreement governing copyright. It was first accepted in Berne, Switzerland, in The Berne Convention formally mandated several aspects of modern copyright law. 6. Which of the following is true in regard to 2018 Global Peace Index report by a Sydney-based think tank Institute for Economics and Peace (IEP). 1) India has moved up fourteen places to the 137th rank among 163 countries in ) New Zealand has topped the Index whereas Yemen is at the last bottom. 3) Global level of peace has deteriorated by 0.27 per cent in the last year. Choose the correct answer using the codes below. (a) 1 and 2 only (b) 3 only (c) 1 and 3 only (d) All of the above

5 Answer: b India has moved up four places to the 137th rank among 163 countries in Iceland has topped the Index whereas Syria is at the last bottom. Global level of peace has deteriorated by 0.27 per cent in the last year, marking the fourth successive year of deteriorations. 7. What is the theme for the World Oceans Day 2018 celebrated all across the globe? (a) Our Oceans, Our Future (b) Preventing plastic pollution and encouraging solutions for a healthy ocean (c) Healthy Oceans, Healthy Planet (d) Together we have the power to protect the ocean Answer: b The conservation action theme for World Oceans Day 2018 is "Preventing plastic pollution and encouraging solutions for a healthy ocean". The young minds help to shape and improve World Oceans Day as it grows through the years, providing new perspectives, ideas, and recommendations. Together with the Youth Advisory Council, The Ocean Project and its growing network of partners in 120 countries help rally the world each June and expand ocean conservation year-round. 8. Consider the following statements. 1) Roshni is a special scheme for social inclusion of the youth (rural & urban) of Jammu & Kashmir.

6 2) Himayat is a special initiative for the social inclusion of the rural youth of poor families in 27 Left-wing Extremist (LWE) districts across 9 states. Choose the correct answer using the codes below. Answer: d Himayat is a special scheme for social inclusion of the youth (rural & urban) of Jammu & Kashmir. Roshni is a special initiative for the social inclusion of the rural youth of poor families in 27 Left-wing Extremist (LWE) districts across 9 states.