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WEEKLY CURRENT AFFAIRS QUIZ JAN 16-22 2017 for UPSC BANKING PSC EXAMS



1. The 62nd Filmfare awards were presented on 14 January 2017. Consider the following statements in context of the Filmfare award. 
I. Dangal won awards in best film and Actor category only. 
II. Rakesh Roshan bagged the 2016 Filmfare Lifetime Achievement Award.
III. Airlift won the award in Screenplay category. 

Which is/are false?
a) Only III
b) Only I and II 
c) Only I and III
d) I, II and III

2. Union Government in recent past launched a mobile app named SEZ India. Consider the following statements in context to the project.
I. It was launched by the Union Finance Ministry under its broader e-Governance initiative. 
II. The app will allow SEZ Units and Developers to find information about their transactions on Online System. 
III. It will provide contact details of Development Commissioners Office, DG System among others.
Which is/are correct?
a) Only II
b) Only I and II 
c) Only II and III
d) I, II and III

3. Consider the following statements related to Adoptions Regulations, 2017.
I. The new set of rules will replace the Guidelines Governing Adoption of Children 2015.
II. They were notified by the Union Ministry of Human Resources Development.
Which of these statements is/are true?

a) Only I
b) Only II
c) Both I and II
d) None of them

4. SEBI tightened the norms for merger and amalgamation of an unlisted company with a listed entity in January 2017. Consider the statements in regard to the norms of merger. 
I. The unlisted company will have to disclose all the material information in form of an abridged prospectus, similar to what companies file before launching initial public offering (IPO).
II. Post merger, the holdings of public shareholding should not be less than 25 per cent 
III. e-voting will be mandatory in cases in cases where the stake of public shareholders reduces by more than 5 per cent in the merged entity.
Which is/are correct?
a) Only III
b) Only I and II 
c) Only I and III
d) I, II and III

5. Consider the following statements related to World Economic Outlook Update 2016.
I) It was released by the International Monetary Fund
II) The update slashed India’s GDP growth forecast to 6.6%

Which of these statements is/are true?
a) Only I
b) Only II
c) Both I and II
d) Neither I nor II

6. IMD announced the year 2016 as India’s warmest year ever recorded. In this regard, consider the following statements.
I. The documenting of meteorological records began in the year 1901.
II. Before 2016, the warmest year on record was recorded in 2009.
Which is/are correct?
a) Only I
b) Only II 
c) Both I and II
d) Neither I nor II

7. Union Cabinet approved amendment in Modified Special Incentive Package Scheme (M-SIPS). Against this backdrop, consider the following statements related to M-SIPS.

(I) It seeks to strengthen the nanotechnology industry in the country
(II) The scheme was launched in 2012

Which of these statements is/are true?
a) Only I
b) Only II
c) Both I and II
d) Neither I nor II

8.
 Name the body that was mandated by the Supreme Court to enforce the Graded Response Action Plan (GRAP) in Delhi-NCR.
a) Environment Pollution Control Authority 
b) Environment Pollution (Prevention and Control) Authority
c) Pollution control authority 
d) None of the above 

9. The international conference to kick-start peace talks between Israel and the Palestinians was held in
a) Kyoto
b) Berlin
c) Paris
d) London

10. 
SpaceX launched a Falcon 9 vehicle into space with 10 satellites of a giant of mobile voice and data satellite communications. Name it. 
a) Air Power Australia 
b) Iridium
c) IEEE Xplore
d) None of the above

11.
 Which multilateral agency released the World Employment and Social Outlook – Trends 2017?
a) World Economic Forum
b) International Labour Organisation
c) International Monetary Fund
d) World Bank Group

12. Who is the author of the book titled ‘Jinnah Often Came to Our House,’ which was recently awarded with The Hindu Prize 2016?
a) Easterine Kire
b) Hansda Sowvendra Shekhar
c) Kiran Doshi
d) Anil Menon

13.
 The report entitled ‘An economy for the 99 percent’ was released by
a) World Bank Group
b) Oxfam
c) International Monetary Fund
d) New Development Bank

14. The GST Council decided to rollout the Goods and Services Tax on
a) 1 July 2017
b) 1 August 2017
c) 1 September 2017
d) 1 October 2017

15.
 Name the astronaut who was the last man to walk on Moon and died recently.
a) Eugene Cernan
b) Harrison Schmitt
c) John Young 
d) David Scott

ANSWER

1. (d) I, II and III
Explanation: 
Aamir Khan’s Dangal swept away three of the four major awards, namely Best Film, Best Actor and Best Director. Shatrughan Sinha bagged the 2016 Filmfare Lifetime Achievement Award. Airlift failed to win award in any of the award category. 

2. (c) Only II and IIIExplanation: It was launched by the Commerce Ministry under its broader e-Governance initiative. The app has four sections, namely SEZ Information, Trade Information, SEZ Online Transaction and Contact details.  

3. (a) Only I
Explanation
: Adoption Regulations, 2017 becomes operational on 16 January 2017. The new set of regulations was notified by the Union Ministry of Women and Child Development to further strengthen the adoption programme in the country.

4. (d) I, II and III
Explanation:  The market regulator tightened the norms for mergers and amalgamation with an aim to prevent large unlisted company to get listed by merging with small company/ies. The step is SEBI’s effort to make listing process more transparent and provide a big say to public shareholders in consolidations of companies. 

5. (c) Both I and II
Explanation:
 The International Monetary Fund (IMF) on 16 January 2017 released the World Economic Outlook Update 2016 in Washington DC, the USA. The update slashed India’s GDP growth forecast by 1% to 6.6%.

6.(c) Both I and II
Explanation
: India Meteorological Department (IMD) in the third week of January 2017 announced that 2016 was India’s warmest year ever recorded on record. The documenting of meteorological records began in the year 1901. The announcement was made in IMD’s Statement on Climate of India during 2016.

7. (b) Only II
Explanation: 
The Modified Special Incentive Package Scheme (M-SIPS) was launched by the Union Ministry of Electronics and Information Technology in July 2012 to attract investments in electronic manufacturing.

8. (b) Environment Pollution (Prevention and Control) Authority 
Explanation: 
The Union Government has empowered the Supreme Court mandated Environment Pollution (Prevention and Control) Authority (EPCA) to enforce the Graded Response Action Plan (GRAP) to tackle air pollution in Delhi-NCR. 

9. (c) Paris
Explanation:
 A major international conference was held in the French capital, Paris to try to kick-start peace talks between Israel and the Palestinians. Delegates from 70 nations are expected to reaffirm support for a two-state solution to the decades-old conflict.

10. (b) Iridium
Explanation: SpaceX, the American rocket company, on 14 January 2017 launched a Falcon 9 vehicle into space with 10 satellites of Iridium. All these 10 satellites were placed in the low-orbit. Falcon 9 vehicle was launched from the Vandenberg Air Force Base on the California coast. 

11. (b) International Labour Organisation
Explanation
: The International Labour Organisation (ILO) in January 2017 released a report entitled World Employment and Social Outlook – Trends 2017. As per the report, the global unemployment is expected to rise by 3.4 million in 2017.

12. (c) Kiran Doshi
Explanation
: The book titled Jinnah Often Came to Our House authored by Kiran Doshi was in news as the author on 15 January 2017 was awarded The Hindu Prize 2016. The book, which is a work of fiction, is set against the political turmoil of the Indian Subcontinent from the early part of the 20th century, ending with the Partition and Independence.

13. (b) Oxfam
Explanation
: Oxfam’s report, ‘An economy for the 99 percent’, shows that eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity.


14. (a) 1 July 2017
Explanation:
 The Goods and Services Tax (GST) Council on 16 January 2017 decided to rollout the nationwide GST on 1 July 2017. The decision was taken at the 9th meeting of the council held in New Delhi.

15. (a) Eugene Cernan
Explanation:
 Cernan set the foot on the moon as commander of Apollo 17, the final manned mission to the lunar surface. The mission reached the moon’s surface on 19 December 1972.


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