Current Affairs Questions
Current Affairs :
Mediation And Arbitration
Consider the given statements in contest to the difference between Mediation and Arbitration:
- In arbitration, the outcome is determined in accordance with an objective standard, the applicable law.
- In mediation, any outcome is determined by the will of the parties.
- In arbitration, a party's task is to convince the arbitral tribunal of its case. It addresses its arguments to the tribunal and not to the other side.
- In mediation, since the outcome must be accepted by both parties and is not decided by the mediator, a party's task is to convince, or to negotiate with, the other side.
Choose the incorrect statement(s) from the options give below:
A
1 and 2
B
Only 3
C
3 and 4
D
All of the above
Economically Weaker Section (EWS)
Consider the eligibility criteria for Economically Weaker Section (EWS) reservations:
- The main criterion is that those above an annual income limit of Rs. 6 lakh are excluded (income from all sources such as salary, business, agriculture and profession for the financial year prior to the application) of the family (applicants, their parents, siblings and minor children).
- Six or more acres of agricultural land.
- A residential plot of 100 square yards and above in notified municipalities, and a residential plot of 200 square yards and above in other areas.
Which of the above statement(s) is/are correct?
A
Only 1
B
2 and 3
C
Only 3
D
1, 2 and 3
Public Accounts Committee (PAC)
Consider the following statements with reference to the Public Accounts Committee (PAC) and Estimate Committee:
- PAC has 22 members, while Estimates Committee has 30 members.
- Estimate Committee members belong to both houses of Parliament while PAC members belong to only Lok Sabha
- PAC chairman is from opposition whereas Estimates Committee chairman is always from ruling party or dispensation.
Choose the correct answer from the option given below:
A
Only 1
B
2 and 3
C
Only 3
D
1 and 3
Climate Change Performance Index (CCPI)
Consider the following statements:
- Recently, the Climate Change Performance Index (CCPI) 2022 report was launched on the sidelines of the 26th session of the Conference of the Parties (COP 26) to the United Nations Framework Convention on Climate Change (UNFCCC).
- Germanwatch, the NewClimate Institute and the Climate Action Network publish the Climate Change Performance Index (CCPI).
- The CCPI assesses countries’ performance in two categories.
Which of the above statement(s) is/are true?
A
1 and 2
B
2 and 3
C
1 and 3
D
All of the above
Credit Rating
With reference to the Sovereign Credit Rating, consider the following statements:
- A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity.
- It can give investors insights into the level of risk associated with investing in the debt of a particular country, including any political risk.
- Another common motivation for countries to obtain a sovereign credit rating is to attract foreign direct investment (FDI).
Choose the correct answer from the options given below:
A
1 and 2
B
2 and 3
C
1,2 and 3
D
None of the above
National Green Tribunal (NGT)
Consider the following statements with reference to the National Green Tribunal (NGT):
- Established in 2011, as per the National Green Tribunal Act, it is a specialised judicial body equipped with expertise solely for the purpose of adjudicating environmental cases in the country.
- The Tribunal has jurisdiction over all civil cases involving a substantial question relating to environment and the question.
- Any person seeking relief and compensation for environmental damage involving subjects in the legislations mentioned in Schedule I of the National Green Tribunal Act may approach the Tribunal.
Which of the statement(s) given above is/are incorrect?
A
Only 1
B
2 and 3
C
1 and 3
D
None of the above
International Energy Agency (IEA)
Consider the given statements in contest to the India and the International Energy Agency (IEA):
- India in March 2017 became an associate member of the Paris-based body which advises industrialised nations on energy policies.
- According to IEA, a member country must maintain "crude oil and/or product reserves equivalent to 120 days of the previous year's net imports, to which the government has immediate access (even if it does not own them directly) and could be used to address disruptions to global oil supply."
- Also, a member of IEA has to show "a demand restraint programme to reduce national oil consumption by up to 10%."
Choose the correct answer from the options given below:
A
Only 1
B
2 and 3
C
Only 3
D
1 and 3
United Nations Environment Programme
Consider the following statements:
- On 26th October, 2021, the United Nations Environment Programme (UNEP) released the ‘Emissions Gap Report 2021: The Heat Is On’.
- Emissions gap is the difference between the low levels of emissions that the world needs to drop to, compared with the projected level of emissions based on countries’ current emission reduction commitments.
- According to the report, global carbon dioxide (CO2) emissions increased by 5.4 percent in 2020.
Which of the above statement(s) is/are true?
A
1 and 2
B
2 and 3
C
1 and 3
D
All of the above
Indian Space Association (ISpA)
Consider the following statements:
- The recently launched Indian Space Association (ISpA) will act as an independent, single-window agency for enabling the opening up of the space sector to start-ups and the private sector.
- NewSpace India Limited (NSIL), incorporated in 2019, is a private entity in the space sector.
- Approved in 2020, Indian National Space Promotion and Authorization Centre (IN-SPACe) is an independent nodal agency under Department of Space.
Which of the above statement(s) is/are true?
A
1 and 2
B
2 and 3
C
1 and 3
D
None of the above
World Meteorological Organization (WMO)
Consider the following statements:
- Recently, the World Meteorological Organization (WMO) released the Greenhouse Gas Bulletin.
- According to the study, the amount of heat-trapping greenhouse gases in the atmosphere reached a record low last year.
- Roughly half of the CO2 emitted by human activities today remains in the atmosphere. The other half is taken up by oceans and land ecosystems.
Which of the above statement(s) is/are true?
A
1 and 2
B
2 and 3
C
1 and 3
D
All of the above
Mediation And Arbitration
Consider the given statements in contest to the difference between Mediation and Arbitration:
- In arbitration, the outcome is determined in accordance with an objective standard, the applicable law.
- In mediation, any outcome is determined by the will of the parties.
- In arbitration, a party's task is to convince the arbitral tribunal of its case. It addresses its arguments to the tribunal and not to the other side.
- In mediation, since the outcome must be accepted by both parties and is not decided by the mediator, a party's task is to convince, or to negotiate with, the other side.
Choose the incorrect statement(s) from the options give below:
| A |
1 and 2
|
|
| B |
Only 3
|
|
| C |
3 and 4
|
|
| D |
All of the above
|
|
Economically Weaker Section (EWS)
Consider the eligibility criteria for Economically Weaker Section (EWS) reservations:
- The main criterion is that those above an annual income limit of Rs. 6 lakh are excluded (income from all sources such as salary, business, agriculture and profession for the financial year prior to the application) of the family (applicants, their parents, siblings and minor children).
- Six or more acres of agricultural land.
- A residential plot of 100 square yards and above in notified municipalities, and a residential plot of 200 square yards and above in other areas.
Which of the above statement(s) is/are correct?
| A |
Only 1
|
|
| B |
2 and 3
|
|
| C |
Only 3
|
|
| D |
1, 2 and 3
|
|
Public Accounts Committee (PAC)
Consider the following statements with reference to the Public Accounts Committee (PAC) and Estimate Committee:
- PAC has 22 members, while Estimates Committee has 30 members.
- Estimate Committee members belong to both houses of Parliament while PAC members belong to only Lok Sabha
- PAC chairman is from opposition whereas Estimates Committee chairman is always from ruling party or dispensation.
Choose the correct answer from the option given below:
| A |
Only 1
|
|
| B |
2 and 3
|
|
| C |
Only 3
|
|
| D |
1 and 3
|
|
Climate Change Performance Index (CCPI)
Consider the following statements:
- Recently, the Climate Change Performance Index (CCPI) 2022 report was launched on the sidelines of the 26th session of the Conference of the Parties (COP 26) to the United Nations Framework Convention on Climate Change (UNFCCC).
- Germanwatch, the NewClimate Institute and the Climate Action Network publish the Climate Change Performance Index (CCPI).
- The CCPI assesses countries’ performance in two categories.
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
Credit Rating
With reference to the Sovereign Credit Rating, consider the following statements:
- A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity.
- It can give investors insights into the level of risk associated with investing in the debt of a particular country, including any political risk.
- Another common motivation for countries to obtain a sovereign credit rating is to attract foreign direct investment (FDI).
Choose the correct answer from the options given below:
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1,2 and 3
|
|
| D |
None of the above
|
|
National Green Tribunal (NGT)
Consider the following statements with reference to the National Green Tribunal (NGT):
- Established in 2011, as per the National Green Tribunal Act, it is a specialised judicial body equipped with expertise solely for the purpose of adjudicating environmental cases in the country.
- The Tribunal has jurisdiction over all civil cases involving a substantial question relating to environment and the question.
- Any person seeking relief and compensation for environmental damage involving subjects in the legislations mentioned in Schedule I of the National Green Tribunal Act may approach the Tribunal.
Which of the statement(s) given above is/are incorrect?
| A |
Only 1
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
None of the above
|
|
International Energy Agency (IEA)
Consider the given statements in contest to the India and the International Energy Agency (IEA):
- India in March 2017 became an associate member of the Paris-based body which advises industrialised nations on energy policies.
- According to IEA, a member country must maintain "crude oil and/or product reserves equivalent to 120 days of the previous year's net imports, to which the government has immediate access (even if it does not own them directly) and could be used to address disruptions to global oil supply."
- Also, a member of IEA has to show "a demand restraint programme to reduce national oil consumption by up to 10%."
Choose the correct answer from the options given below:
| A |
Only 1
|
|
| B |
2 and 3
|
|
| C |
Only 3
|
|
| D |
1 and 3
|
|
United Nations Environment Programme
Consider the following statements:
- On 26th October, 2021, the United Nations Environment Programme (UNEP) released the ‘Emissions Gap Report 2021: The Heat Is On’.
- Emissions gap is the difference between the low levels of emissions that the world needs to drop to, compared with the projected level of emissions based on countries’ current emission reduction commitments.
- According to the report, global carbon dioxide (CO2) emissions increased by 5.4 percent in 2020.
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
Indian Space Association (ISpA)
Consider the following statements:
- The recently launched Indian Space Association (ISpA) will act as an independent, single-window agency for enabling the opening up of the space sector to start-ups and the private sector.
- NewSpace India Limited (NSIL), incorporated in 2019, is a private entity in the space sector.
- Approved in 2020, Indian National Space Promotion and Authorization Centre (IN-SPACe) is an independent nodal agency under Department of Space.
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
None of the above
|
|
World Meteorological Organization (WMO)
Consider the following statements:
- Recently, the World Meteorological Organization (WMO) released the Greenhouse Gas Bulletin.
- According to the study, the amount of heat-trapping greenhouse gases in the atmosphere reached a record low last year.
- Roughly half of the CO2 emitted by human activities today remains in the atmosphere. The other half is taken up by oceans and land ecosystems.
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
