DAILY CURRENT AFFAIRS CLASS TEST –MARCH- 14

1. Consider the following statements:

  1. OROP means the same pension, for the same rank, for the same length of service, irrespective of the date of retirement.
  2. The concept was provoked by the then decision by Indira Gandhi-led government, in 1973, two years after the historic victory in the 1971 Bangladesh war.

Which of the statement(s) given above is/are correct?

 
 
 
 

2. With reference to the Open Market Operations (OMO), which of the statement(s) given below is/are correct?

  1. OMOs are conducted by the RBI by way of sale or purchase of government securities (g-secs) to adjust money supply conditions.
  2. The central bank buys g-secs to remove liquidity from the system and sells back g-secs to infuse liquidity into the system.
  3. RBI carries out the OMO through commercial banks and does not directly deal with the public.

Select the correct answer using the code given below:

 
 
 
 

3. Consider the following statements:

  1. Foreign direct investment (FDI) is when a company takes controlling ownership in a business entity in another country.
  2. With FDI, foreign companies are directly involved with day-to-day operations in the other country not only bringing money with them, but also knowledge, skills and technology.
  3. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company.

Which of the statement(s) given above is/are correct?

 
 
 
 

4. Consider the following statements:

  1. In the Automatic Route of FDI, the non-resident or Indian company does not require prior nod of the RBI or government of India for FDI.
  2. Foreign Investment is allowed under the automatic route without prior approval of the Government or the Reserve Bank of India, in all activities/ sectors as specified in the Regulation 16 of FEMA 20 (R).

Which of the statement(s) given above is/are correct?

 
 
 
 

5. Which of the following is/are Wetlands according to Ramsar convention?

  1. Peatlands
  2. Oases
  3. Rice Paddies
  4. Reservoirs
  5. Salt Pans

Options:

 
 
 
 

6. With respect to ‘Wheat blast disease’ which of the following statements is/are correct 

  1. Wheat blast is caused by the fungus Magnaporthe oryzae.
  2. It was first discovered in Brazil in 1985.

Options:

 
 
 
 

7. Which one of the following began with the Dandi March? 

 

 
 
 
 

8. Consider the following with regard to Trade Policy Forum (TPF):

  1. It is the policy group between India and US to accelerate their economic ties.
  2. The US is India’s largest exporter and trade partner, while India is the 9th largest trading partner for the US.

Which of the statements given above is/are correct?

 
 
 
 

9. Consider the following statements about the Shanghai Cooperation Organization (SCO):

  1. SCO is a permanent intergovernmental international organization.
  2. The SCO’s member states include both India and Pakistan.
  3. The SCO’s main objectives include promoting cooperation between its member states in the areas of security, economy, and culture.

Select the correct answer using the code given below:

 
 
 
 

10. Consider the following:

  1. Lightning is caused by a difference in electrical charge between the top and bottom of a cloud.
  2. Cloud to ground (CG) lightning is harmful as the ‘high electric voltage and electric current’ leads to electrocution.

Which of the statements given above is/are correct?

 
 
 
 

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