Quiz Details
Consider the following statements regarding Parliamentary Committees in India are correct.
1. Joint Parliamentary Committees (JPCs) and Select Committees are usually chaired by ruling party MPs, and are disbanded after they have submitted their report.
2. Committee meetings are independent of Parliament&rsqu
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2
Correct Answer: C [Both 1 and 2]
Notes:
Parliament can also constitute a Joint Parliamentary Committee (JPC) with a special purpose, with members from both Houses, for detailed scrutiny of a subject or Bill. Also, either of the two Houses can set up a Select Committee with members from that House. JPCs and Select Committees are usually chaired by ruling party MPs, and are disbanded after they have submitted their report.
Consider the following statements are correct .
1.Malabar naval exercise consisting of India, Australia, Japan and the U.S.
2.‘Yudh Abhyas’ is the India-Japan bilateral Army exercise.
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2
Correct Answer: A [1 only]
Notes:
Japan will host the 2022 edition of the Malabar naval exercise consisting of India, Australia, Japan and the U.S. in the second week of November.End of October, the India-U.S. bilateral Army exercise ‘Yudh Abhyas’ is scheduled to take place in the high-altitude areas of Uttarakhand, around 100 km (aerial distance) from the Line of Actual Control (LAC). India is currently hosting the multilateral anti-terror exercise ‘Manesar Anti-terror 2022’ under the ambit of the Shanghai Cooperation Organisation (SCO) Regional Anti-Terrorism Structure scheduled from October 8 to 13.
Consider the following statements regarding OPEC+ are incorrect .
1.OPEC+ is a grouping of OPEC countries and allied major oil-producing countries.
2. Russia was recently removed from the grouping.
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2
Correct Answer: B [2 only]
Notes:
Stablished in 1960 by founding members Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, OPEC has since expanded and now has 13 member states. With the addition of another 11 allied major oil-producing countries that include Russia, the grouping is known as OPEC+. The objective of the organisation is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry,”
Consider the following statements regarding contributions that make up funding for the World Health Organisation (WHO) are correct .
1.Assessed contributions are the dues countries pay in order to be a member of WHO.
2.The maximum share of funding to WHO comes from assessed contributions.
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2
Correct Answer: A [1 only]
Notes:
Assessed contributions are the dues countries pay in order to be a member of the Organization. The amount each Member State must pay is calculated relative to the country’s wealth and population. Assessed contributions have declined as an overall percentage of the Programme Budget and have, for several years, accounted for less than one quarter of the Organization’s financing. The balance is mobilized through voluntary contributions.In recent years, voluntary contributions have accounted for more than three quarters of the Organization’s financing.
Recently Reserve Bank of India (RBI) indicated that it will soon commence limited pilot launches of e-rupee, or Central Bank Digital Currency (CBDC). Consider the following statements in this context which are correct.
1.E-rupee is the same as a fiat currency and is exchangeable one-to-one with the fiat currency.
E-rupee is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Only its form is different. It can be accepted as a medium of payment, legal tender and a safe store of value. The digital rupee would appear as liability on a central bank’s balance sheet. Correct Answer:
C [Both 1 and 2]
Notes:
