Commerce Optional (UPSC-IAS)

Economics MCQ- 08 https://wp.me/paGxiM-141

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Economics MCQ- 07 https://wp.me/paGxiM-13y

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@UPSCgurukul Asian Development Bank-MCQ https://wp.me/paGxiM-13j

👆Current Affairs for Commerce Optional

Insolvency and Bankruptcy Board inks cooperation agreement with IFC: https://www.thehindubusinessline.com/news/insolvency-and-bankruptcy-board-inks-cooperation-agreement-with-ifc/article26453930.ece

Q.5) Consider the following about mission Shakti- anti-Satellite (ASAT) missile test. 1. India has entered an elite space club with the Defence Research and Development Organisation blowing up a satellite in a Low Earth Orbit into smithereens. 2. The significance of the test is that India has tested and successfully demonstrated its capability to interdict and intercept a satellite in outer space based on complete indigenous technology. 3. With this test, the country joins an exclusive group of space faring nations consisting of USA, Russia, and China. Choose the correct option (i) 1, 2 and 3 (ii) 1 only (iii) 2 only (iv) None of the above. Solution:- (i) 1,2 and 3 Explanation:- On March 27, 2019 India conducted Mission Shakti, an anti-satellite missile test, from the Dr. A P J Abdul Kalam Island launch complex. This was a technological mission carried out by DRDO. The satellite used in the mission was one of India’s existing satellites operating in lower orbit. The test was fully successful and achieved all parameters and it required an extremely high degree of precision and technical capability. The significance of the test is that India has tested and successfully demonstrated its capability to interdict and intercept a satellite in outer space based on complete indigenous technology. With this test, the country joins an exclusive group of space faring nations consisting of USA, Russia, and China. Which satellite was used? The satellite used was an Indian satellite. Which Missile/Interceptor was used? The DRDO’s Ballistic Missile Defence interceptor was used, which is part of the ongoing ballistic missile defence programme. https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series

Q.4) Consider the following statements about Electoral bonds. 1. Citizen of India or Body incorporated in India is eligible to purchase the bond. 2. Electoral bonds can be purchased for any value in multiples of ₹1,000, ₹10,000, ₹10 lakh, and ₹1 crore. Choose the correct option (i) 1 only (ii) 2 only (iii) Both 1 and 2 (iv) Neither 1 nor 2 Solution: - (iii) Both 1 and 2 Explanation: -  Electoral bonds are bearer instrument in the nature of a promissory note and an interest-free banking instrument.  A citizen of India or a body incorporated in India is eligible to purchase the bond.  Electoral bonds can be purchased for any value in multiples of ₹1,000, ₹10,000, ₹10 lakh, and ₹1 crore from any of the specified branches of the State Bank of India. https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series

Q.3) “Abhedya” word, recently in news is related to? (a) Indian Army Operational Exercise. (b) Nuclear-powered attack submarine. (c) Sea Vigil exercise (d) Indian Navy’s Nuclear, Biological and Chemical Training Facility. Solution: (d) Indian Navy’s Nuclear, Biological and Chemical Training Facility. Explanation: -  It is Indian Navy’s state of the art Nuclear, Biological and Chemical Training Facility (NBCTF)which was inaugurated recently at INS Shivaji, Lonavala.  The new facility is expected to help train personnel of naval ships fitted with nuclear, biological and chemical detection and protection systems.  The nuclear training facility will help Indian Navy in providing realistic simulation of Nuclear, Chemical and Biological warfare to its personnel during their NBC damage control training, which was till now largely limited to theoretical training. https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series

Q.2) Global Energy Transition Index 2019 is released by? 1. World Bank 2. Organization of the Petroleum Exporting Countries (OPEC) 3. World Economic Forum (WEF) 4. International Energy Agency (IEA) Solution: 3). World Economic Forum (WEF) Explanation: -  World Economic Forum has released its global Energy Transition index. The annual list ranks 115 economies on their ability to balance energy security and access with environmental sustainability and affordability.  The index considers both the current state of the countries’ energy system and their structural readiness to adapt to future energy needs.  Sweden retained its top spot on the list, followed by Switzerland and Norway in the second and third positions respectively.  India has moved up two places to rank 76th on a global energy transition index. WEF said India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system. https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series

Q.1) Consider the following statements about Transports Internationaux Routiers (TIR) Convention. 1. The conventions were adopted under the auspices of the United Nations Economic Commission for Europe (UNECE). 2. India has ratified the convention. 3. The first shipment under the United Nations ‘Transports Internationaux Routiers’ (TIR) convention arrived in India from Afghanistan through Iran’s Chabahar Port. Which of the above statements is/are correct? (a) 1 and 2 (b) 1,2 and 3 (c) 2 only (d) None of the above Solution: (b) 1,2 and 3 Explanation: -  The Convention on International Transport of Goods Under Cover of TIR Convention is a multilateral treaty that was concluded at Geneva on 14 November 1975 to simplify and harmonise the administrative formalities of international road transport.  The conventions were adopted under the auspices of the United Nations Economic Commission for Europe (UNECE).  India became the 71st country to ratify the convention.  The ratification is a part of India’s multi-modal transport strategy that aims to integrate the economy with global and regional production networks through better connectivity. Significance of this convention:  TIR is the only global customs transit system that provides easy and smooth movement of goods across borders in sealed compartments or containers under customs control from the customs office of departure to the customs office of destination.  It plays an important role in boosting regional connectivity and facilitating cross-border trade flows, according to connectivity experts.  The TIR system has a globally accepted electronic control system for integrated transit operations.  The TIR system not only covers customs transit by road but a combination is possible with other modes of transport (e.g., rail, inland waterway, and even maritime transport), as long as at least one part of the total transport is made by road.  The first shipment under the United Nations ‘Transports Internationaux Routiers’ (TIR) convention arrived in India from Afghanistan through Chabahar Port of Iran. https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series

Economics MCQ- 06 https://wp.me/paGxiM-13b

FUNDAMENTAL RIGHTS- 01 https://youtu.be/-cNKmNMuqSU FUNDAMENTAL RIGHTS- 02 https://youtu.be/Wc3afTesA0o FUNDAMENTAL RIGHTS- 03 https://youtu.be/33kM4V2tuio FUNDAMENTAL RIGHTS- 04 https://youtu.be/eArDPsrWwjw FUNDAMENTAL RIGHTS- 05 https://youtu.be/S2DQj-QL8Og FUNDAMENTAL RIGHTS- 06 https://youtu.be/a0ICKmKfLwg FUNDAMENTAL RIGHTS- 07 https://youtu.be/ZfQfqTqBQ0E FUNDAMENTAL RIGHTS- 08 https://youtu.be/Q85HlolznV4 FUNDAMENTAL RIGHTS- 09 https://youtu.be/l9I713ixPds FUNDAMENTAL RIGHTS- 10 https://youtu.be/gfJQJt-rXWA FUNDAMENTAL RIGHTS- 11 https://youtu.be/kB1xr4WQqCc